"I have recently taken a short position in USD/MXN due to the emergence of a bearish harmonic pattern. After conducting a thorough analysis of the market, I have identified the formation of a bearish harmonic pattern, which suggests a potential downward movement in the price of USD/MXN. This trading decision is based on the expectation that the price of USD/MXN...
SCENARIO 1) Strong immediate Resistance at $17.07 currently on USDMXN, although a push to retest $17.10 would be fair. Key point is a Leg down $16.98 is in my sights. SCENARIO 2) IPC Mexico INDEX for Mexican stocks takes a breather after reach ATH’s near 57,700. Indicators point to OVER-BOUGHT conditions plus a gap fill needs attention at 55,200. That would...
Good morning trader, today I share with you this short entry I made on the USDMXN pair as I found a good setup as shown in the main image above. Based on my experience, I have codified a series of signals and triggers that I have incorporated into a single indicator which, as you can see from the image, shows me a clear and quick overview of the market, making...
After Dovish FED and Strong México económico. For 2024 the Pesos will reach 16 and 15 pesos. I expect just consolidation for next days. I arrived from Europe, actually in the CDMX and now is hard to have a strong peso. Before going to La Paz, I will be in Querétaro and change some Euros as I expect a pull back up so before the price fall. From 18 to 22 you can...
The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a leaning towards a more accommodative monetary policy. However, Deputy Governor Irene Espinosa has expressed...
Just a simple trade idea to diversify with a small long lot amongst other pairs. Worst case... it drops to the ascending support and then just add another small long lot. Best to trade this idea with other pairs and close out all positions as a basket. Trade Safe
This Week FORECAST (Low Risk) Opportunity for short. This setup trading idea is for intraday. >> TAYOR I'm just giving an idea, it's up to you to follow.
Breaking out from bearish trend into bullish USDMXN can be a good buy from cmp till major resistance.
USDMXN has created a BAT reversal pattern, the breakout of the LH indicates a bullish trend reversal. Going long on USDMXN
Hey folks, In this article, I’ll give you an update on USDMXN, which we’ve talked about before. You probably noticed that the Mexican Peso (MXN) has been quite strong for the past couple of years, mainly because of higher interest rates compared to other places, USDMXN short was a good carry trade. However, things have started to shift a bit recently....
Broken Trendline Keeps USDMXN In Downtrend For Wave 5 from technical point of view and by Elliott wave theory. USDMXN shorts are doing very well as we mentioned and highlighted on October 12, when we spotted a corrective recovery in wave (4). As you can see today, USDMXN turned nicely down from projected resistance and it can be headed much lower as bulls...
USD/MXN - 4H - Bullish Bat Pattern PRZ - Potential Reversal Zone Bullish Divergence Buy Stop (17.285) - Previous LH
Bullish BAT pattern has formed with bullish divergence. Break of Lower High will turn bearish bias into bullish.
There are signs of a reversal on the USD/MXN pair. Let's Long now and take profit at 17.65
The pair has broken the down trend line and a probable up movement is expected. Take your profits early, as the pair is in a down trend since the Corona crisis.
The daily chart of USDMXN is back in step with the weekly trend. Weekly Snapshot:
This pair is about to hit major support where it's likely not only to hold but turn and then go on a tear to the upside. The indication is for a +20% run here, from the buy zone, making it well worth the wait - and then a major Buy.
Pmi's Will Make Or Break Usd/MXn Projected to come lower than expected it could be the signal that tips the market back into recession fears Heavy reaction is expected here as goods balance and trade have been circumvented through Mexico as of late Technically we are at a historic bounce area, a decent area of demand we are leaning towards a bullish bias...