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Mexico

USDMXN: Is There Someone Who Knows The Value ?Hey everyone! I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another bearish momentum as before. The 0.786 fibonacci level, which is not that strong by the way, was also not broken strong. This will be the first trade of next week i think. Sad It is so exotic, because i do not even know how to count the pip value of this pair haha. If you know please let me know in the comment section. See you guys next time hopefully with another video analysis from my side!
Short
by darian_fx
Yearly lows set in place for USDMXNHere we can look from a bird's eye view and see that this is likely still a large triangle taking place. We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53. The likelihood of a base forming will increase if we trade above resistance at 19.20, this will give confidence and unlock 19.47 and 20.4 for initial targets in the triangle. A very interesting cross to track over the coming Months and Quarters. Best of luck all trading it live.
Long
by ridethepig
Aggressively buying Brazil for the long termHere we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 50 and 61.8% weekly retracement levels at 5.09; and we can expect a continuation. There is scope here for as high as 7.25-7.28... here actively working a lot on the buy side in Brazil. Best of luck, hope this helps and lets see how it goes.
Long
by ridethepig
2
BRLMXN has plenty of upside...Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation. There is scope here for as high as 7.25-7.28... here actively working a lot on the buy side in Brazil. Best of luck, hope this helps and lets see how it goes.
Long
by ridethepig
3
USDMXN: Topped as per the weekly timeframe...I think the Peso will regain strength over time from this juncture. The weekly Time@Mode trend signal we had here expires next week but price already seems to be trending down in the daily timeframe, and broke a previous weekly low, so I think we're safe to assume the decline started already. The G20 talks and oil related news might be behind the strength in commodities, EM currencies and weakness in the dollar. Either way, I'd like to have some exposure to oil and gold, at the very least, but also look into agricultural futures and related stocks, since the trade truce signaled strength might be seen in these markets. Another interesting market to monitor is tech, in particular $QCOM in the event of a merger...I'll be watching $SPY, since I fear it is a bit stretched, and might go back down, if it's still range bound and not trending. Cheers, Ivan Labrie.
Short
by IvanLabrie
Targets to watch in USD/MXN This a trend analysis on USD/MXN. Our first indicator on an uptrend comes from the golden cross on October 26, 50 MA crossed the 100 MA. Last two times it happened we saw important increases which should mean midterm profit. Both the stochastic and RSI are pointing up, but buyers are getting tired, so my entry point should be between 19.43-19.83 with a definitive support at the 0.382 level, do not buy if it goes below this level as this may indicate a trend reversal. The profit targets are also important as I believe we might have a definitive rejection at the 1 line so plan your locking of profits accordingly. Also and pretty important, the new Mexican president is being sweared in on December 1st, 2018. Being that this individual is a very controversial person, we might see an important USD take over the MXN which might trigger higher levels of profit above the 20.80 price. Be watchful. Please, please, please comminity, can I have some feedback on this analysis? I believe that there will be a hell ton of money to make if you open a position and hold it till a bit after December 1st.
by hcdlpe26
1
BRICS Custom Index forming new price channel (lower)Watch out below, folks. It appears recent support may not hold in my custom BRICS index as Emerging Markets appear to be under extreme pressures. Recent news out of China, Malaysia and Mexico could lead to a complete EM market collapse. Chinese capital markets are under extreme pressure right now and over $1 trillion in equity shares have been pledged to offset debt/loans. This may seem fine right now, but what if these share prices drop another 20~30%? What happens then? Malaysia is opening and aggressively targeting corruption and graft with the new Mahathir administration. The biggest target so far has been local Malay business leaders and China. Trust me, Mahathir will lock up, charge and possibly HANG some of these people for what they have done to sell out the Malaysian people and country. The news from this could be catastrophic for China. Imagine hundreds of billions (possibly multiple-trillions) being exposed as "shady deals" with the intent to make China look more prosperous over the past few years. Imagine how destructive it would be to find out that China has been dramatically cooking the books for the past 4+ years. Mexico, on the other hand, is very much like the wild, wild west right now. With the new Mexican President and a complete change in policies, no one really knows what is next. But what is likely is a truly epic reversal of core economic policies and what could be a dramatic destruction of people, property and future opportunities. BRICs?? Remember, how fast a brick falls when you drop it and how dangerous it really can be. Be very cautious.
INDEX:IBOVShort
by BradMatheny