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Mxn

USD/MXN 1H Chart: Rate tests short-term channelUSD/MXN has been trading in a neat channel up for the last five months. The pair bounced off the bottom boundary of this medium-term pattern on November 29 and has since initiated a new wave up. It is likely that the pair respects the current channel and thus continues appreciating during the following two weeks up to the 19.40 area. In the meantime, the US Dollar has been testing a junior channel for a couple of hours. Its failure to surpass the 18.98 area suggests that the rate could egde lower in this session. The nearest resistance is set by the weekly R2 and the 55-hour SMA circa 18.87, while a more probable downside target is the 18.75 area where the 100-hour SMA and the weekly R1 are located.
by UnknownUnicorn890690
USDMXN Bullish Extension Trading method: RSADVANTAGE Stage 5 system setup 95% accurate system manually forward tested over 3 years designed to stay out of ranging markets and only target strong trends. In this situation we are now waiting for Awesome Osci to go into positive territory for trade entry confirmation for movement to the downside. Market execution for entry, confirmation will be required for entry. Risk Description: Once signal is confirmed 9000pips will be up for grab with small risk SL at swing low. Profit expectations: 15 day trade length expected before hitting profit target I will post exit strategy when signal receives a exit signal.
Long
by UnknownUnicorn1372988
USD/MXN 1H Chart: Symmetrical triangle prevailsThe US Dollar is trading in a symmetrical triangle against the Mexican Peso for the last month. The rate tested an eight-month high of 19.28 on two separate occasions during this time and has been subsequently moving away from this mark. From technical point of view, the triangle should be breached to the upside. However, given the aforementioned high, this upward movement might prove to be limited. Technical indicators suggest that the rate is unlikely to move dramatically during the following day or even a week. However, it is still expected that the flat down-trend could be preserved. A possible downside target that the pair might approach during the following two weeks is the monthly PP circa 18.87.
by UnknownUnicorn890690
2
USD/MXN 1H Chart: Channel narrowsOn September 7, the USD/MXN exchange rate entered an ascending channel. This pattern is a part of a longer-term ascending channel which has confined the pair since mid-July. The rate’s trading range, however, has diminished during the last trading sessions, as apparent by its failure to overcome the 19.2662 mark—its highest level since mid-2015—on two separate occasions. The US Dollar is currently testing the resistance of the weekly PP, the 55- and 100-hour SMAs at 19.15; the 200-hour SMA and the weekly S1 are located nearby circa 19.03. It is likely that bears pressure the Greenback during this week, resulting in a test of the lower channel boundary near the 19.00 mark. In general, the rate’s subsequent movement could be tended southwards towards the bottom boundary of the senior channel.
Short
by UnknownUnicorn890690
USD/MXN breaches significant supportThe US Dollar has appreciated substantially against the Mexican Peso during the past three weeks. The pair managed to reach a five-month high at 18.83 on Tuesday evening. Subsequently, the Greenback edged lower and breached the diminishing trading range apparent since early October. The given currency managed to move below a strong support cluster formed by the monthly R2, weekly R1 and the 55-hour SMA. These factors suggest a possible downside momentum that could push the rate towards the lower channel boundary circa 18.60/65. A breakout of this line should be followed by a fall down to the weekly PP and the 200-hour SMA near 18.45.
Short
by UnknownUnicorn890690
USD/MXN sends mixed signalsUSD/MXN is trading in two channels simultaneously. The senior pattern is a rather chaotic channel that has confined the rate since late July. Meanwhile, the junior formation resulted from a consolidation period effective since September 6 when the US Dollar began trading between the monthly PP and S1 in the 17.84/17.62 area. Two possible scenarios might occur. First, the rate surpassing the 200-, 100– and 55-hour SMAs might set the Greenback for a surge towards the monthly R1 at 18.10. As a result, both channel would be breached. Second, other technical indicators might still support a minor upward movement until the weekly R2 or R3, but eventually turn the rate south until the 100– and 200-hour SMAs and the weekly PP near the 17.72 mark are reached.
by UnknownUnicorn890690
USDMXN - Bull huntingplease review a 1 week Div for the USDMXN pair Fib re-trace will provide key prices to look for while we hunt those all too important candle patterns I would like to recommend hunting 1 day candles, look for a Bull Fractal before entering the game potential bottom: .786 18.11755 potential breakout: .618 18.95532 take profit .382 20.13218 remember this is a long study so be very precise with entry and shorter timeframe verification to go long dont forget to use ATR for stop loss calculation, keep leverage low to support the long trade and in general just try to survive those tree shaking pip stealers chears
Long
by j_nathan
1