Second chances exist...After this notice revealed at 10am in Mexico it gave us a chance to make another entry with this big pullback !
Mexico
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well.
Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas.
To get more ideas like this one, contact me for details on joining my signals service trial for one month, free of charge.
Cheers,
Ivan Labrie.
ME, México empieza su 5 de largo plazo (o terminando C)Parece buena idea de inversion (a largo plazo). Esperar un poco mas antes de ir largos.
USD/MXN Pandemic response ??Mexico's Central Bank Governor Diaz De Leon: Mexican Peso flexibility is a shock absorber, the pandemic is 'unprecedented shock' for the country -BBG $USDMXN #Peso
USDMXN could hit 26.70-27.50 after correctionThe wave Y reached equal distance of wave W. It could dip lower to 22.80 (valley of wave W).
The trend then will resume to the upside.
It could hit between 26.70 and 27.50.
I see oil lower and oil related currencies could drop.
USDMXN - SMAs 50 100 200 4H - ShortPLEASE: Help me understand charts, I'm learning still, here's my first idea published, let me know what you think!
My entry overlaps the resistance, I was lucky to get filled at $24.8870, $24.88630, $24.88610
Second TP is on the meeting point of the 100 and 200 SMA, which I guess must mean it's important lol
LONG USDMXN ! GET SOME BURRITOSUSD / MXN looks good to accumulate longs
Target new highs
SL below 23
Panicking? I have some toughts on BTCIf we close the current candle below the magenta line I think we still keep going down. BTC just fall with the opening of the futures markets of the SP 500, but we have to wait for the market to open. I will keep adding to my long position buying the DIP and catching the basis.
MXN lining up a bullish flag with a target of $32 MXN per 1 USD.I posted an idea on July 22, 2019 with my target at $29 pesos per 1 USD by August 2020. However, the new Mexican Government's poor economic choices along with the with the rise of the COVID-19 pandemic, have exacerbated the problem and consequently accelerate the peso's fall. Banxico has been intervening by selling USD in the open market in an effort to stopping the pesos fall. Consequently, how much of an intervention is Mexico's central bank able to afford? only time will tell.
Things don't look so promising though.
AMLO has cancelled an important contract with constellation brands after an initial investment was made.
Foreign investment is declining due to loss of confidence.
The cancellation of the lease of the presidential plane has not been done due to lack of funds.
Investments in the unprofitable and state run oil company PEMEX, the Dos Bocas refinery, and the Santa Lucia Airport, the creation of the national guard, plus numerous social programs are draining the economy heavily. In addition, a drop in GDP due to investor confidence, COVID-19, and poor economic choices do not paint a positive outlook for the peso and the overall Mexican economy.
COVID19 México USA ItaliaMéxico ha reaccionado más rápido de lo que se cree. Hay carencias y se padecen muchas comorbilidades (diabetes, obesidad). Pero, la cuarentena se empezo a buen tiempo. Sigan las recomendaciones y quedense en casa.
SQQQ could go to 41$ when it's gonna go throught 22$I have a backstory of being wrong, i've lost a lot of money between june and december on SQQQ
but lately i predicted the Covid Drop, the "'after bubble" and since then it reminded me my errors were that i was trading SQQQ on a large scale instead of a 15min scale
at 15min scale you can always count on it to go back to RSI 60
still when you zoom back, you notice that if we get a second wave down, we could go at 41$
witch is the 100 MA weekly also
yet we need to pop throught 22$
and that seems to be possible because of the gann fan that when throught the 2/1 channel
it did the same with NQ ES RYT etc.. we all went throught 2/1 channel at gann fan so normaly we could get a big push from here
that if all the fundamentals arent switch because of a lie from the president again
i still say the the mexico trade deal and syria were the biggest fraud the market reacted too.
Indice Bolsa MexicanaSin ninguna catalizador al alza en la bolsa mexicana, continuas preocupaciones de consumo interno derivado de la contingencia sanitaria por el Covid-19, se percibe un escenario de continuidad a la baja para el mercado. Posibles rebotes deberán de ser encontrados con resistencia de venta por parte del mercado.
USD / MXN ! Bullish dumpUSD / MXN was one of the biggest devaluations in these days
Price should retrace to the 21.5-22.2 level and then continue the bullish trend
Short Modernity, Long Tradition.The only reason the time frame is so low is because I simply do not have enough data to work off otherwise, but I'm going to wager that the Swedish Kronor depreciates against the Mexican Peso, being that the Kronor is backed by a pro-immigration millennial gubment amidst a global pandemic while the Peso has both trumpbux repatriation efforts and a government that is actively shutting down borders as stimulus programs.
Should the value of Swedish fiat be more than 1.5x that of the small dollar? I mean peso?
Think of this as an investment in MXN against Sweden, the weakest pair I could figure, not the other way around.
Especially into the warmer months.
Who am I to counter-trade HA trend?
USDMXN - Descending TriangleAfter the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
Expecting a 50% return This is one of the favorites for this year for analysts. The overall recommendation is to buy and in this technical analysis we can see that the price is approaching a medium level support horizontal line that coincides with the 61% fib. My recommendation is to wait till the price hits the lower point marked with the arrows to buy and wait a couple of months. Im expecting at least 50%. Keep an eye on this.
#USDMXN Burritos are tasting better than burgers?How is it possible? Emerging Markets are trying to catch the risk appetite of big investors and the dollar does not look bullish in the long run, so burritos could get hotter.
Cream Live Trading
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.
