U.S. Dollar / Mexican Peso USDMXN

Flat correction completed

ITS CONSOLIDATING

USDMXM looking bullish short term! A flat correction in completion and waiting for reversal signs. NOTE: Look for buy setups atleast to the the 19.50000 zone

Important price resistance at 18.85, with a double price reject.

DOWNTREND ENGULFING CANDLE DOUBLE TOP RESISTANCE REJECTION = NICE SELL OP

Con la tendencia actual a la baja, se espera un rebote cerca del piso ubicado en 18.71, recomendando una entrada después del rebote y a partir de 18.75 con un stop loss en 18.73 y un take profit de 18.90.

Look for price action confirmation to trade a sell. Plan B is in red arrows.

I will be selling USDMXN at market open based on my technical analysis. It will be my first trade on USDMXN using this strategy and I am excited to see how it will play out. A move against the setup will simply confirm that UM price action follows a different set of rules and I will have to heavily backtest it henceforth, but until then, I am a bear on ...

Respected 61.8 fib line.

Bearish Bat completing the D-leg of this overall bearish pattern. Short term we will see the bulls take over. Enjoy The Free PIPS!! BE sure to follow for More TP- .886 / 1.618 S/L -

On the daily timeframe, price has completed a 3-wave structure (ABC), hitting the ratio expectation between 20.39 - 20.97 area as well. On the lower timeframe, we are seeing a diagonal structure forming with a divergence in RSI too. These give us a good reason to be looking for a potential reversal trade on the USD/MXN, targeting 17.81 as the first ...

buy limit

Important resistance at the beginning of October. The review shows that we could have two likely targets, both quite aggressive in my opinion. It is important to observe how it responds to the critical area and to remain attentive to its development. Follow your own plan Best wishes to all...

=> Markets are still awaiting more details on NAFTA from the Canada front whilst the knife is already being stuck into the bent knee of Mexico. => Here we have a minor update to our chart with the lows still managing to hold for now there is nothing to see or do here... => Expecting USD to catch a strong bid as the Peso continues to weaken in the weeks ahead. Any ...

Price failed to break last higher low, now its looking for a higher high

In the past we have seen nice rejection at this level, and I think we will continue to. And looking at the bigger picture you should be able to see the W that is shown.

breakdown of trendline and bearish structure, wait for confirmations to take long

USDMXN