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.
Hi, Guys we are preparing ourself forlong entry . Gooooood Luuuuck
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...
Selling only after the retest of the HMA **This is just my trading thought process and does not constitute as financial advice. **Please trade with proper risk management**
USDMXN opportunity for long. This setup trading idea is for intraday. >> TAYOR I'm just giving an idea, it's up to you to follow.
this is my bullish technical idea and price action analysis . now wait for come previews support and resistance zone after trend continue to uptrend you can entry .because overall uptrend .you can see it .however this is my opinion only no more signal
All my indicators point to a very bullish USDMXN, i will be investing in this over the long term. Price should reach around the 18.8 mark.
Presently we are in a profit taking season against the dollar that has sponsored a bearish outlook. We have a change of character and break of structure that informs our bearish outlook targeting the unmitigated demand at 16.76 price handle. We are anticipating activation of our sell li it orders at 18 price handle.
I've initiated a short trade on this exotic pair, aiming for a target range of 17.45 to 17.50. The market dynamics seem favorable for a bearish move in this trade, and I'll be closely monitoring the price action for potential opportunities. If you're curious about how this trade develops, stick around for regular updates. Remember, trade wisely and manage your risk!
Fuhhhh USDMXN follow our setup. Congrats guy ur hold until 1st TP. put BE to next target 2nd TP. >> TAYOR I'm just giving an idea, it's up to you to follow.
The Trend is up... We have a pullback... We have a double bottom on the day chart... If you buy Usd/Mxn you are buying in a uptrend... But there is one thing!! This is a exotic pair and you need to use extreme risk management because it can shoot up and down in gigantic waves... So please trade this one at your own risk.. Good Luck