As a trading pair, it looks like it will reach a short positive correlation for the potential of around a between 1 to 2% gains with medium to high risk. Overall, though it is investible on the basis that it will reach its past high point. Also the weekly resistance seems to be getting weaker. It seems investible for long but as a short holding strategy the...
USD/MXN has been trading in a neat channel up for the last five months. The pair bounced off the bottom boundary of this medium-term pattern on November 29 and has since initiated a new wave up. It is likely that the pair respects the current channel and thus continues appreciating during the following two weeks up to the 19.40 area. In the meantime, the US...
Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will...
USDMXN Short Opportunity (Long term Trade) ----------------------- Elektro Analysis
USD/MXN 1H Chart: Trades near weekly S2 The American Dollar has been losing value against the Mexican Peso in a small descending channel over the last two weeks. However, two days ago this pattern started to transform into the falling wedge formation amid the pressure from 55- and 100-hour SMAs. As downside momentum from the yesterday’s FOMC Meeting Minutes...
Price has been strongly rejected forming a Double top and a Downtrend line, so for me it is a good time for short with the first target at the yearly pivot... what do u think guys?
The US Dollar is trading in a symmetrical triangle against the Mexican Peso for the last month. The rate tested an eight-month high of 19.28 on two separate occasions during this time and has been subsequently moving away from this mark. From technical point of view, the triangle should be breached to the upside. However, given the aforementioned high, this...
Trying to figure out which the best long term hold; Peso, Won or Ruble... let me know your thoughts
USDMXN has been rising accordingly with the december hikes claimed by de FED so far price has been consolidating below monthly levels as DXY reaches for new high. We migt expect USDMXN go go into a deeper correcion towards DL (18.5530) before testing again the ML (19.2110). Watch out for an early breakout which might test 19.5530 before a full rally to 19.9880
On September 7, the USD/MXN exchange rate entered an ascending channel. This pattern is a part of a longer-term ascending channel which has confined the pair since mid-July. The rate’s trading range, however, has diminished during the last trading sessions, as apparent by its failure to overcome the 19.2662 mark—its highest level since mid-2015—on two separate...
A short trade on USD/MXN pair initiated today. The trade is a long term position, which have the characteristics of carry trade (giving interest of about 4.5% y/y for keeping it) and very favorable risk reward of 1.51.
USDMXN broke the dwontrenline and has been going up for sometimes now, and 800EMA was broken as well in the 4hr time frame, I'm expecting USDMXN to continue with the uptrend and test the resistance at 19.24685.
The US Dollar has appreciated substantially against the Mexican Peso during the past three weeks. The pair managed to reach a five-month high at 18.83 on Tuesday evening. Subsequently, the Greenback edged lower and breached the diminishing trading range apparent since early October. The given currency managed to move below a strong support cluster formed by the...