U.S. Dollar / Mexican Peso

FXCM

USDMXN

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...

KevinFlores23

looking very bullish

cyclewave

It has completed ABC zigzag cycle and now correcting down in abc down cycle. b wave is in progress and going up, sell when it completed for c wave down.

jsaettele

USDMXN broke above trendline resistance on Wednesday and reversed lower today in volatile trading. I’m focused on the top side of the just broken trendline for support near 21.74. Eventually, the 61.8% retrace of the decline from March is a candidate for resistance at 23.89. Visit scandex.com for more.

moxiewatts

UP UP AND AWAYYYYYY Perfect pullback to the southside, bounce off support, and continuation of monthly move. I am going to take this trade as far as I can personally, but here is the safest route.

thunderpips

Hi there. Price is moving impulsively to the upside. Wait for the price to form a continuation pattern and watch strong price action for buy.

Rocketman

There is the USD/MXN: Butterfly Pattern in the context of a dollar rally and a long-term trend in the USD/MXN. Follow the trend.... Currency pairs are very cyclical unless there is something pulling one of the currencies away enough to break this cycle, such as a currency crisis. That is just one example.

Aaron_Chavez

Continued Up for 4k pips

sharmaarkeadens

possible

gabunomibouya

Buy the dip. 2 scenarios : Black or Red labeled.

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...

Nezam02

This pair is rejecting the daily trend line as well as key support & resistance level by creating a pin in bar on 4 Hour time frame. Good time to enter a short trade as it may fall deep into the ocean soon!!

jasperpf

surpassed wave 5 target of 21.80/21.90s meaning 22.30/22.40s is the next up target Needs to hold above 21.95 to continue upward bias EYES ON 22.14!!!

sharmaarkeadens

YEAH

visually

USDMXN beautifully touched monthly support and rejected with a daily bullish engulfing. I initiated buy on the next daily candle. Daily also shows bullish divergence on obv and we have been in an uptrend since 1999. Great long term setup looking for new highs on monthly. Lets see what happens considering everything going on in the world. Leave a like and lmk what...

jojofang0901

Hi traders: I have been following USDMXN for quite sometimes now. Liking the overall price action, we broke the previous lows, potential forming a double bottom on the HTF. We see a descending type o f channel to push the price down, and another LTF descending channel, very good indication of a possible reversal. Latest price see some bullish momentum on the...

Aaron_Chavez

Broke out of channel waiting for retest of channel before continuing up

MountainTraderFX

USD_MXN IS TESTING CHANNEL RESISTANCE AFTER DISREGARDING HORIZONTAL STRUCTURE (1) Horizontal resistance disregarded. The channel lines were perfectly respected (2) IF breakout is confirmed>>> (if candle closes ABOVE the level) (3) Long up to the next resistance. (4) If not, a short looks good....