Strength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is...
Liking the price action on USDMXN for a reversal price action from the bottom.
WE can see overall price action is in this larger, HTF channel structure.
Price is corrective in nature within the channel, and finally we see some reversal price action at the bottom.
Latest price gives us a recent double bottoms, descending channel at the bottom...
Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes...
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Here is the top-down analysis for USDMXN, feel free to request any pair/instrument or ask any questions in the comment section below.
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Today I am looking at my BTC/USD short (entered on Tuesday and in the money)
and also giving an updated on my EUR/TRY long (in the money) and
USD/MXN (in drawdown but improving).
Key video points:
- discuss my profit targets on the three trades;
- discuss the CC (correlation coefficient) between Bitcoin and...
Price is sitting at key zone, a key area of support. A possible buy opportunity may lie ahead over the next coming weeks, although it may not be an aggressive move. Watch price action at key zone noted. For demonstration and educational purposes only.
Market outlook for open; we've trapped price and is currently awaiting a structure break before a position is placed in MT4.
Utilize price action alerts via TradingView or price action alerts (Drakdoo / Call Levels) for monitoring.
USD is getting strength, and I see a big potential on USDMXN to continue to the upside.
We see the price has form this sideway channel structure, more neutral correction on the HTF.
Latest price action we see a potential double bottoms are forming, an price is getting squeeze in this fallen wedge reversal structure.
Since price already pop to...