while the peso keeps going down this is a perfect opportunity for buyers taking over control
USDMXN | Bullish Trend USDMXN has given a breakout from the falling trendline confirming a good bullish trend. The current price is expected to correction to the possible support zone before starting its upward journey again. alternatively, if bears manages to break the support zone. More bears will join the party. Trade your levels accordingly.
In this current environment it is very clear that some countries will be able to tackle this crisis a lot better than others, and therefore their currencies could perform a lot better. We'll start with developed market currencies and then move to emerging market currencies. Won't show charts on each currency, but will try to show the best and simply mention some...
USDMXN is taking support from the long term trendline (red trendline). There is bullish divergence on the daily and the hourly chart as well. Breaking above the black trendline will target the top of purple trendline.
USDMXN is almost bottom out. We are expecting bulls will breakout from the falling resistance (white line). To negate this view, bears will break the support zone and void the bullish diverigence. Trade your levels accordingly.
This is a test chart for my modified predictive indicator. The stops and trade entry points on the chart are for hypothetical and practice trading.
a larger abc pattern is likely, must not break the last low
Rate hike expectation is up, inflation is not gonna fade soon. Fundamentally strong USD. USD strong toward first hike is the best bull.
USDMXN is trending in a good momentum, making HHs and HLs, we are expecting bulls to be active from here and push the price from here to recent high. To support my view, Fib number 0.618 has also given support and trendline is backed by it too. Trade your levels accordingly.
Hello Fellow Traders, Here is a Updated Analysis For USDMXN. The Best way to follow my Analysis is if the following conditions apply. Conditions - 1. Wait for the Market to Show you some Rejection / Confirmation / Direction 2.Wait for confirmation(Price Action Confirmation Aka . Pinbar , Bullish or Bearish engulfing / Break of structure Aka Support Or...
Hello traders, Here is my analysis of USDMXN. A downtrend ( red ) is an alternate counting for Wave 2 before the switch to an uptrend
This is a test chart for my modified predictive indicator.
Going long on usdmxn on the premise that the Peso will continue to fall.
We are holding long term USDMXN long. This short is intraday one and pretty much 100% technical analysis.
USDMXN Entry Price 20.67130; Take Profit Price 20.84070
We will probably go long on this one. MXN has had a fine run but we are seeing that power is decreasing and its running on tequila fumes. When price makes a breakout of previous high it will indeed get us confirmation. Peace be with you and happy trading!
USD have up spike because of the very red manufacturing due to omicron. This will fade as omicron will gone soon.