U.S. Dollar / Mexican Peso

USDMXN FXCM

OptimoomFX

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

Forex_Monster

I expect price to decline

makuchaku

Backtest results : prnt.sc Icons on the chart Thumbs up : Trade was a win Thumbs down : Trade was a loss Circle with a cross : Trade was breakeven Cross : Did not take the trade due to presence of liquidity (equal highs/lows) behind the stop loss Variables Avg winner = 1.6R Strategy : wait for market structure break, then trade the retest of...

KaraboNtate

Swing trade analysis

deathvirus

high risk

jasperpf

lucky moves that get close to predictions, but still nice to see almost perf levels working! Still we need news about stimulus and strong moves to upside or downside are in play! waiting till pelosy mnuchin talk in a bit more!

Benettel

We have a Confluence of Four Types of Support in the 20.80 - 20.90 area which indicates that we may have a lot of Buyers in this area. This alsoo means there could be a lot of Unfilled Buy Orders in this area. The next Demand Level of Buyers is at the Horizontal Support. This area has been tested only once, so it is a fresh buying level. The price has been in a...

efazil

Look For Long Not To Short It. Falling Wedge in Formation.

legacyFXofficial

Technical outlook Bearish scenario Since 24.03.2020 the pair is developing a bearish trend. Currently, the price is below 9 days EMA in conjunction with the pin bar that formed yesterday (15.10.2020). From technical point of view the first target for on the downside should be 20.8755 and if this level falls the long-term resistance around 20.40. Bullish...

RomanZachary

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...

DanielEsp

- Rompimiento de acumulacion de cuña bajista. - Termino de onda 5 y muy posible formacion de nuevo impulso alcista. Muchas bendiciones y pips a sus vidas

plancton0618

USDMXN on the daily chart hit the monthly support (purple one) and started a strong bullish impulse. The market hit the upper trendline which is also at the level of a weekly resistance and retraced a bit. IF the price will manage to break and close above that level we can set a nice long order according to PLancton's strategy. ––––– Follow the Shrimp 🦐 Here is...

jasperpf

USDMXN as many other things im posting today has a latent danger coming tomorrow Stimulus! If its approved im going Short USDMXN into the 20.60s If its denied (again) prob testing 21.40s+ As of now approved looks more likely with a 2t+ package on its way Being careful but this move is the most likely for me. retest above 21.15s into retest of 21.00s into holy...

plancton0618

USDMXN on the daily chart is perfectly moving inside a daily channel. The price has just broken the daily support, if there will be a retest of it we can set a nice short order according to Plancton's strategy ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily...

Q8_FOREX

BUY

pablotenelema

Estructura del mercado bajista, llego a una zona de soporte muy buena opcion para comprar aprovechando su retroceso

Metxa

Hello Traders USDMXN now in Subwave 3 of Wave 5. A more bearish trend following the downtrend channel FX:USDMXN

johnyolo2000

go long on mxnusd small sl