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Mxn

Below 18.50, UsdMxn is a short19 will be a crucial area to understand if the uptrend might have chances to resume or if it would reverse into a downtrend. I believe we are close to see the beginning of a new trend. However, it is suggested not to trade until it will be clear the new trend. Below 18.50, and ONLY after a re-test of area 19, it is suggested to short the pair. Further comments to be underlined: - A reversal pin ball formed in January - Bearish divergence on Coppock Curve Do not forget to follow us on www.wallstreetimes.com
Short
by SimoneSiesto
UsdMxn - long term trend might be close to a reversalA three year bullish cycle might be close to end. While the monthly chart is still bullish, the daily chart is getting bearish. Back to monthly chart, I have stressed out two bearish patterns. The first one has failed, while the second one is still in formation. Obviously, there are now lower-highs and lower-lows to define an uptrend. However, the monthly chart is warning us about a possible upcoming change in trend. Only above area 22, the uptrend is again in place. In absence of further strength, I will be over sizing short trades rather than long ones.
Short
by SimoneSiesto
USDMXN Bullish (long-term)Based on weekly chart, it's also possible that USDMXN will go bearish first down to 20 in the next few weeks. But with the Fed hawkish on USD and likelihood of another interest rate this year and anticipation on economic growth, USDMXN can bounce up again and go bullish in the long-run. But if I get a bullish price action within this week, I'll be setting up a buy stop order with TP near 22 and SL near the current daily support (yellow line). www.marketwatch.com www.nasdaq.com D: W:
Long
by aiza_belle
USDMXN. Chart has predicted Hillary Clinton´s victory?It´s been quite fashionable to analyze the USDMXN pair since Mr. Donald Trump has become an official candidate for the presidency of the United States. All his promises had strong influence on the Peso and every time we have any news on Mrs. Hillary Clinton´s advances in the presidential race, Peso recovers strongly against the US Dollar. But if we check a long-term chart, the pair has been trading in a channel since 1994. Currently, the quote is at the top of the channel an also at the top of the fork built from lows of 2011. Looks like the market is ready to push back and that may mean a victory of Mrs. Hillary Clinton has already been priced in time ago. Obviously, any strong advances of Mr. Trump will push the Peso lower and a possible victory in the elections would bring the Peso to the new historical lows against the USD
Short
by captain_smollett