USDMXN Wait untill up to resistance USDMXN wait to hit on resistance and sell it follow trend ✅ if break No trade ‼‼ Resistance # 22.26 - 22.31 +- Support # 21.87 +- Goodluck🙏🙏🙏
USD/MXN rates are testing critical near-term support, which very well could be the determining factor in the predominant trading trend through the end of the year. While other currencies are benefiting from the US Dollar’s (via the DXY Index) weakness, the reliance the Mexican economy has on the United States has left the Peso struggling relative to other global...
Yesterday the dollar fell 0.66% normally when this happens the price increases $0.20 if the price does not stabilize it will be difficult to trade in bull mode. With the publication of a possible vaccine and massive publicity in networks that Mexico will acquire Russian medicine for treatments, the economy and prices recovered a little. The technical analysis...
Hi traders, this is my trade idea on USDMXN according to my latest analysis on this pair. Find the link below. Thank you
The market created and head and shoulder pattern between wthe 0.382 and the 0.5 level of the fib retracement. If the market will break below the neckline we can set a nice short order according with our strategy. ––––– Follow the Shrimp 🦐 Here is the Plancton0618 technical analysis, please comment below if you have any question. The ENTRY in the market will be...
Good morning is a quick signal to sell, close the deal on the 16th, time (GMT-6), to get our profit. Entry Price: $22.70 - $22.60 Closing Price: (Close trading on July 16, 2020) PD: The entry day was yesterday as you can see there is a big red candle, but I consider that it is not too late to have some benefit. It will raise the sail a bit but it will make its...
It is worthy to state that the Peso continues to ride high on the back of a weaker US dollar. Following my last publication (see link below) on this pair; we have found a complete retracement of AB leg which culminates at 61.8 with a strong tendency to make an extension within 127.2 and 141.4. Tendency: Downtrend ( Bearish ) Structure: ...
As of now, we can see 2 clear consolidation area from USDMXN. As for the second consolidation which is also the consolidation phase we are in, we can see price level retested the previously broken consolidation area. Not only that, we can also see a nice head and shoulder pattern potentially forming. This lower consolidation did signal to us that bearish movement...
Hi traders, this is my trading idea on USDMXN for the next days. Push the like button 👍 Leave a comment 💬 And share with your mates. Thank you.
Potential H&S forming on daily time frame. The completion of the pattern presents the possibility of the pair creating a lower low on the weekly time frame to reach, at least, the 127.2% fib extension of rally on weekly time frame.