U.S. Dollar/Mexican Peso

long mxn

got signal, wait for still going down,break supp line,pull back close to ress line and 50 ema. short

I have shorted USDMXN friday evening. As the price has broken latest swing low , in addition to the short term rising wedge. That happens within the context of the overall bearish trend that started from January High at 22.037. Short at: 17.8527 -- T1 : 17.6731 -- T2: 17.4557 ---- SL: 17.9495 For more details and all Stats https://goo.gl/rtfmna ...

I'd like to see another push up towards the most recent A-B 50% fib retracement level. It looks like price is merely correcting itself and will hit Resistance again before forming new lows.

USD is sitting right at support against a basket of emerging currencies. As long as the support holds, long positions are favoured. The overall pattern looks corrective so far, I will revisit the chart when it breaks to either side.

Maybe another leg to the downside ?

selling ....so simple

Dollar peso SL below D (20.4336) entry 20.6800-20.7000 targets 21.2060, 21.5292

USD/MXN 1H Chart: Channel Down The American Dollar was trading against the Mexican Peso in a medium-term ascending channel. However, after a data release on the US CPI the buck entered into a seven hour downfall and lost 1.3% in value. Such depreciation led to appearance of the current short-term descending channel with two reaction highs and once reaction ...

Possible ABCD wave pattern into play. Price has left wicks at the 62 fib retracement level for this A-B boundary presented on the Daily (going down). We also see a strong bearish candle from recent trading levels indicating sellers have entered.

don't miss this short opportunity

Price retrace to 382 . created formation on 4 HR, it might good opportunity for short toward extension 1.618

TP : 18.1500 , 18.3300 SL : 17.8000

USDMXN seems in a turning point. Is it going for a breakout of long term downtrend? Or is it completing this correction for one more wave down? We should look to the the price action to identify the right direction.

Price describing a bearish flag on trend resistance while approaching strong and previously tested support. Divergence in daily MACD 4C

Hello Everyone, USDMXN seems to be in a big flag, if the pattern holds true and rejects the top this upcoming week, and we find TCP, then we could look to sell them. Entries can be as limits or stops. Please do share your ideas in the comments. Watch this pair closely for the next impulse, trade it safely, trade with a plan, stick to your plan and you will stay in ...

Mates, looks like the Mexican peso may have bottomed against the USD for the near future. Technical exhaustion signals with double shooting star candles on the weekly and a double top pattern completing on the daily. Regards Technician

Potential short if this pair able to close below last Friday's low.