USD/MXN Faces Another Key Support ZoneOver the last three sessions, the USD/MXN pair has posted a depreciation of around 0.8%, with selling pressure remaining in favor of the Mexican peso. This move is mainly driven by speculation around the upcoming release of U.S. inflation (CPI) data, scheduled for tomorrow. Markets are looking to co
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USD/MXN Analysis (330 words) The current movement of USD/MXN isUSD/MXN Analysis (330 words)
The current movement of USD/MXN is defined by a fierce contest between global monetary policy and Mexico's unique domestic strengths. **Broad USD strength** serves as the core upward catalyst, as persistent market expectations for delayed Federal Reserve rate cuts conti
Mexican Peso VS US Dollar - Fight against the Emerging marketsTriple Top has formed on USD/MXN.
Price<20 and 200MA
Target 17.55
If you look at the last analysis I did on the USD/ZAR (South African Rand) you'll see there is weakness to come for the USD still.
And with this currency, it shows a similar move.
There are further reasons for the MExican Peso
Will USD/MXN Break Above its Bearish Channel?USD/MXN is showing signs of a potential shift after months of steady declines within a well-defined descending channel.
The pair recently found a floor near 18.50, which aligns with the lower boundary of the channel, and has since rebounded back above its 50-day SMA for the first time in weeks. Thi
USD/MXN Breaking Down - Where Next?The chart shows USD/MXN (daily timeframe) under steady bearish pressure, extending its decline inside a well-defined descending channel. Here’s the breakdown:
Trend & Structure: Price has been moving lower since the peak near 21.00 earlier this year. It is now trading below both the 50-day SMA (18.
USDMXN: Short TriggerHello fellow traders,
today I share the UsdMxn chart in which we have a new Short trigger signal from LuBot.
The signal appears on the daily timeframe and is a very good trigger for the following reasons:
1. Red candles: the short structure returns bearish in favor of the main trend.
2. Downswing
USD/MXN Downtrend Probing Support AgainTechnical outlook:
Trend: The pair remains locked in a downward channel since late April, with price respecting both the upper and lower boundaries. This confirms a well-defined bearish structure.
Resistance: The upper channel line and the 50-day SMA (18.75) converge as a strong cap. Above that, t
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Frequently Asked Questions
The value of the USDMXX pair is quoted as 1 USD per x MXN. For example, if the pair is trading at 1.50, it means it takes 1.5 MXN to buy 1 USD.
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