The Peso experienced a long period of depreciation. It's time to welcome Joe biden, liberate the MXN and support exports.
I draw your attention to this wonderful buying signal.
The golden point in all its majesty !
Price has been moving downwards respecting that trendline. Everytime price returns back to test it , it falls. This is the 3rd touch. After price mad some sort of bullish flag on the M15, broke out and retested, I will be taking a short position here. My target is the lows that have been made before. Risk management is key. If Price breaks the trendline and closes...
Hello traders,
thanks for watching/liking/commenting!
Today I am looking at my BTC/USD short (entered on Tuesday and in the money)
and also giving an updated on my EUR/TRY long (in the money) and
USD/MXN (in drawdown but improving).
Key video points:
- discuss my profit targets on the three trades;
- discuss the CC (correlation coefficient) between Bitcoin and...
Hello everyone, if you like the idea, do not forget to support with a like and follow.
Here is the top-down analysis for USDMXN, feel free to request any pair/instrument or ask any questions in the comment section below.
Best of luck!
A short-term falling wedge appears to be under development on USDMXN which means price could correct upwards. What seems to strengthen this idea is the divergence forming on the Elliott Oscillator.
🌟👍Technical outlook:
USDMXN bearish scenario:
In this pair we have technical figure Triangle. The Triangle has broken through the support line at 19/11/2020. Forming a bearish formation on a 4 hours chart. If price holds below this level we will have possible bearish price movement with forecast for the next day with target 19.82664. Our stop loss order should be...
We continue to see the U.S Dollar weaken against the Mexican peso.
The interest rate differential makes the Mexican peso an attractive buy and we look at this in more detail.
We use one-month ATR to set our stop loss and take profit targets.
Hello traders!
I hope you are doing okay in these stressful times.
I have been monitoring my USD/MXN long (now in drawdown) and checking again that I have my facts right:
is it a good idea? The timing of it maybe stinks (got in too early?) but the general idea seems sound.
Today I look at:
- US Oil and MXN correlation in the last ten years, and where in the...
USDMXN has been sliding lower knocking fib levels one by one. This week the last one was taken, leaving us with two supports before it retest the lows before we got a strong implusive move up. Those two supports are 19.76 and 19.61 (red lines). Be on the look out for an impulsive move up before going long as this pair has punished all long for a good...
