Hi ... me personally open a long position on that from 7.122-16.32.... and my target is clear on chart and if it close below 16.32 and confirm i get out from my position . Good luck
Description: Hello Traders! Today, I'd like to present an intriguing opportunity on the USD/MXN pair. I believe we are at the precipice of a potential rally based on my RSI strategy. Technical Analysis: Relative Strength Index (RSI): A significant component of my strategy is the RSI. As you can see from the chart, the RSI is showing bullish divergence. It has...
With the support of the 2008 trend line, I forecast at least one bounce by the end of the year to liquidate shorts. let's see
USDMXN - Bullish Trend According to my analysis USDMXN will follow bullish trend, it should continue follow this trend
A mentor asked my thoughts on FX:USDMXN continuation. the quick answer; - Trade between the US & Mexico has never been so pivotal. (Banks will increase transactions and trust.) - CFD journals are lagging bringing any attention to the market just yet. More marketable reasons below; For the fundamentalist reader, - Mexico / US driven to...
The time has come USD/MXN is greatly oversold, and the USD is going nowhere, don't let anyone tell you otherwise. Great opportunity to benefit from an epic incoming bounce. Start buying from this level to ~16.40 (if we even get there). Good luck!
For a long time, I maintained a scenario for the Mexican Peso that envisioned a bounce down all the way down to the mid-16s a view that seemed less than likely a few years ago with the Dollar hitting an all-time high at nearly 26 pesos per unit. Sadly I didn't hold strong enough conviction on the move happening to see it all way through, throwing the towel just in...
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
Simply shorting and riding this all the way down 😆
This idea is based on the fact the price has reached support level near 17 and bullish divergency RSI is now clear, it's time for reversal at east till 17.5 for my t/p, This is not a trading advise just an idea for a trade, always protect your capital, have a stop loss that won't break you down..
We will wait for new Lower low, after that we will enter on that trade
Very good potential for bullish trend on this pair as short position for MXN increased from 81.21% to 84.95%.
Monthly: -Imbalance. -Monthly lows. -Expecting a reaction to the upside. Weekly: -Weekly lows. -Deceleration. -Bullish Weekly candle. -IC attracting the price. Daily: -Inverse H&S pattern. -IC. -OB. 4H: -M formation. -Bullish candle close.
After a thorough analysis, I initiated a short position in USDMXN. My decision was based on a combination of factors, including my short-term positive fundamental outlook on MXN and my perspective on USD. Furthermore, after carefully examining the trend and indicators, I am confident that this position aligns with my investment strategy. While there is always an...
Peso fundamental's and the lack of retail coverage, quiet mover. The Mexican peso traded at 17 per USD in July, its strongest since November of 2015 as evidence of a resilient Mexican economy supported forecasts that the Bank of Mexico will remain hawkish for a prolonged period. Fresh PMI data showed that the country’s manufacturing sector expanded in June, the...
The touching of the bearish guideline may trigger a sharp move to take the price to 16.30 points.
Position Trade - USDMXN Monthly: - USDMXN is in a strong downtrend, however it is reaching an UNTESTED DEMAND zone. Hence, I am looking for BUYS in the monthly chart only. Weekly: - Nothing in weekly that are good to buy from Daily: - Nothing in daily that are good to buy from.