USDMXN is near to major support. It could move upwards. Any comments are welcome.
DÓLAR CONTRA PESO MEXICANO TIENE DOS ESCENARIOS POSIBLES EN AMBAS LO VEO CON POSIBILIDADES DE SEGUIR AL ALZA DEBIDO AL INICIO DE LA TENDENCIA, PUEDE RECHAZAR LA ZONA DEL NIVEL 0.618 DE FIBONACCI PARA TOMAR COMPRAS . O IR AL ALZA EN ESTOS NIVELES ACTUALES. MANEJAR EL RIESGO DEBIDO A LA ALTA VOLATILIDAD. FX:USDMXN
The 21 zone is strong support for UsdMxn and also the drop from 21.80 is contained in a falling wedge pattern I strongly believe that 21 will hold and a break above the descending trend-line of the wedge would accelerate losses for Mexican Peso. A buy trade for this pair could have a 1:3 R:R
Hello traders US dollar is getting stronger against "peso mexicano" after the 7 month decline the started April 6 2020. On September 22 2020 price broke above "7 month bearish trendline" indicating buyers are under control. This in my Wave count
We managed to see a crucial retest from 61.8 fib level for USDMXN. A good exotic pair to enter a BUY trade as we see it heading towards the resistance level @23.2200. As we starting seeing USD gaining strength, I believe price level could break 23.2200 resistance and head towards 1.618 fib level where we starts to see strong resistance pressure which we could...
USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE (1) Horizontal resistance disregarded. The channel lines were perfectly respected (2) IF breakout is confirmed>>> (if candle closes ABOVE the level) (3) Long up to the next resistance. (4) If not, a short looks good....
I dont really trade this pair that often however I've seen potential opportunity and I've took the trade so lets see how this plans out still plenty of chance if you wanna jump in this
All the entries should be taken if all the rules of entries are applied . Follow it for learning. do comment us we will guide you
DISCLAIMER: My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level. Good Luck!
USDMXN Buy Trade Setup for Intraday/Swing Trade Please manage your risk. Use Stop loss. And do not take blind entries. This is just an idea. What we see. The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
If you set the 5D chart with candlestick time at 5 minutes the rsi indicator and adx + SMA bands indicate bullish trend. It may be the last pump that will make USD/MXN and then return to more stable and less volatile prices
we can notice that SMA 50 wants to be above SMA 200, be aware that free fall of the pair can come