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Mexico

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?
SShort
by UnknownUnicorn719792
2
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
PENGUINS DAILY PLAY WITH MEXICO :D USDMXN 2/12/2019 Hello 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
1
Mexican Peso finally going to move after years of bouncingAs we can see, we are getting to the final of a continuation form but it is not clear if it's a continuation to the first big downward move or the bigger uppward move that comes from the ´90s - 2000´s. I just wanted to update you with this since it's a very clear year size form. My personal opinion is long in short term and short in the long term. I think it is going to go up in the short term and from the bounce we are going to see if it will continue up. I feels it is trying to get down since it has been there a lot of time every time it gets to that boundry, but history tells us that mexican peso tends to lose vs dollar since fiat money is around.
Long
by BuenSamaritano
USDMXN - Mexican Peso RecoversDuring the trading session on Monday and Tuesday the Mexican peso has recovered. I expect the US Congress will pass the U.S.-Mexico-Canada Agreement in a few weeks. That should help the Mexican Peso to break the support 19.5 (Green Line). I also expect the trade between the United States and China to come down before the US elections. It is important to notice that the USDMXN price is in a triangle since last year. If there is good news from Mexico, we could finally break the triangle to the downside. On the other hand, Trump could threat Mexico again with bad comments just as he did in 2016, especially during this time (elections in 2020), making the Mexican peso weak. Thanks for reading!
by Joel_Ochoa