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Mexicanpeso

USD/MXN will recover in the following daysThe pair will recover in the following days after a series of decline in the value of the US dollar. The US House of Senate finally passes the ratified NAFTA (North American Free Trade Agreement) last January 16. This will leave President Donald Trump the only person to either pass or veto the bill. Once approved, leaders of Canada and Mexico will still need to sign the deal before it will take effect. If rejected, the US Congress will need to ratify the deal once again. Despite this optimism, Mexico is having problem on its economy. The country recently fell from the list of ten (10) most attractive countries for investment. The United States was still leading the pact while China comes second. The report for the list cited policy uncertainty and trade conflict as the reason for the removal of Mexico from the top ten (10). Meanwhile, the United States continues to hit records for its indices following the signing of the US-China phase one trade deal.
by Financebroker
Is the Mexican Peso Dying? A Long Term View into 2020.Herein is the monthly chart of the /6M Futures contract. It has been noted that since it has been traded, it is pretty obvious that the bears have been in control. At this time, I am far from debating against it. What I am exploring is a technical analyses of the next upcoming crash and an a mild guess of when that might happen. I want to bring your attention to one of its major crashes that occurred in Aug 2008. Notice the total loss of value of ~36% of its value during that span. While it was a devastating move for the peso, look at the recovery which reached to 0.618 line of the Fibonacci retracement. If you notice, you can see that the newly formed 100-SMA serves as a resistance for the recovery and also notice how the MACD line is close to reaching its highest value recorded. Now, I want to look forward to the Bear market May/June 2013. Indeed, look at this devastating price drop. It is not as aggressive at the Aug 2008 but we lost a value of ~46%. If you do look carefully, you can see this primary trend was started by the resistance to 100 SMA which indicates a strong significance to investors in this market. This primary trend did end with TD Setup Buy 9 on Jan 2017 but rather than a recovery as in Aug 2008, the /6M has and is currently trading in a parallel channel. I would say based on my views of the technicals, I would expect the /6M Futures to trade within this channel for the rest or to the end of the year. Therefore, I will be placing a short order at the 0.0584 price line should the /6M Futures ever get to that line and then buying back prior to its lowest low. There is a strong case to pay attention to this contract close starting in June 2020. There is a case in which price action could be Bullish and then reach the 100 SMA line and well as TDST from May 2016 which is of particular significance as that TD Setup count ended the bearish primary trend and also the exhaustion of the MACD line. I would expect at that point another rejection from the resistance and to see the start of another long bearish trend which could be very profitable for short sellers.
CME:6M1!
by djgavia
USDMXN: Buy opportunity long term.The pair has just reached the 18.75000 1M Support which has been holding since mid-October 2018. Investors use this as a long term buy entry within this nearly 2 year 1M Descending Triangle pattern. The 1D chart may be bearish (RSI = 37.141, MACD = -0.094, Highs/Lows = -0.0419, ADX = 42.106) but there is a certain feature (besides the 1M Support) that indicates the trend may be reversing. That is the RSI which is on a Bullish Divergence (i.e. on a bullish trend despite the fact that the actual price is bearish). Since 2018 whenever the 1D RSI was on a Bullish Divergence, USDMXN started an uptrend. We are using this opportunity to buy for the long term with 19.500 - 19.650 as our Target Zone. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
MEXICAN POTENTIAL PLAY - PENGUINS SPECULATE:) USDMXN 7/12/2019Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a crosshair. Heart in the box - a place to jump in/out Sign with exclamation mark - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
USDMXN Trend ReversalUSDMXN has been in a well defined uptrend with higher lows and higher highs. We hit a resistance zone around 19.60 which, scrolling back, has also been a flip zone. From here, we did not make another higher high. In fact, we made what appears to be a double top pattern. 19.42 was the previous higher low swing zone that we were watching for a break. Price tested this zone, before making a lower bounce and then finally breaking and closing this zone with a strong red candle. I would consider taking profits at 19.25, however we cannot ignore the flip zone around 19.3150. Keep an eye out on how price reacts there. Also we do have US Non-Farm Payrolls tomorrow which obviously is a major event for the US Dollar.
Short
by Uncharted-FX
LETS PLAY WITH MEXICO IN OUR GAME:) USDMXN 26/11/2019Hello Traders! We would like to show you a game... While Penguins are on the hunt, you can easily join them as well! It is easy, all you need to do is to collect the hearts and watch for the pig and thunder signs. Targets are marked on the chart as a cross air. Heart in the box - a place to jump in/out PIG in the box - places to be aware of a few different types of reactions from this level Target sign - the first target to focus on Thunder sign - spot to react - possible jump to push into reversal Penguin - expected direction Have fun with it, and remember - this game is about the patience. Keep yourself cool, whilst not being greedy. Like it if it was helpful to you. We appreciate the likes and comments. Provided feedback helps us with the future service. Got questions? Feel free to PM us! Thank you for your attention, GOD BLESS U ALL!
by Snipers-Academy
USDMXN: Optimal long term Buy Opportunity.The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion. In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.85000. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
USDMXN 23/10/2019Hello Traders! We play with Smartmoney concepts, that means that we focus mostly on price action to determine what will happen in future. As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SmartMoney). They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for positioning them self in the best possible spot. If u were learn about trading from free and accessible knowledge, u probably heard about BUYing LOW and SELLing HIGH? So SmartMoney must BUY LOWER and SELL HIGHER :) We as retail traders are just a small fish in this ocean, so we need to catch the waves which are created by SmartMoney. CHARTS AGENDA: BITCOIN - MONEY POCKET ARROWS ARE ABOVE AND BELOW OF EQUAL HIGHS AND LOWS BLUE LINES - ENTRIES MARKED LINES - PREVIOUS ENTRY POINT BLUE BOX - GAP's COLOR BOXES - FOCUS POINT TO REACT Don't forget to like if it was helpful to you. We appreciate likes and comments. Thank you, GOD BLESS U ALL!
by Snipers-Academy
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