The Mexican Peso has recently reached a Demand area that we have been monitoring for some time, and it has shown a strong rebound from this level. By examining technical indicators such as the Relative Strength Index (RSI) and Stochastic, we can observe that the Peso is currently in an oversold condition, suggesting a potential upward movement. Furthermore, by...
Please use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!
MX the exchange token is shown at the side of the study's new increased volume. We will follow this coin at last for the next 24H to see if there are new gains that we can follow for the long term. These updates are daily updates but can change to long-term views if there is a trend building. We try to scan the best possible coins for the coming times, as...
Hi people welcome to team Decrypters we are Expecting this week Reversal on USDMXN pair , its on v key level and if we combined this with our previous Analysis of DXY and VIX .The USD pairs should move upside
Lack of sufficient strength in the rise will cause the price to fall.
Let's go, we caught the last drop, it is still bearish today, with vol dropping. and the lower high. This may come to fruition next week, so this week I'll be looking into opening positions at the right place. Goodluck Redd
Followup to the plans (below). If you followed you have nice short entries running right now. I bagged some profit yesterday, and the bearish trend is still strong with DXY showing short term weakness in its bullishness. We might get MXN at the top end of the range soon, looking forward to shorting this again. Good luck Redd
Background bearish signal is getting stronger as it is approaching the top end of the range. Volatility is still notably high and it is decelerating. Usually this happens when approaching the top end of the range due to volume balancing. I will wait to short more at the top of the range. Good luck out there Redd
Follow up to the yesterday's plan (link below). Vol is slowly dropping and the price is getting closer to the top end of the range. I will look into shorting incrementally. And the plan might come to fruition next weeks, let's see how this goes Redd
USD quotation in terms of Mexican Peso 2021. Six months of history. OANDA:USDMXN
USDMXN - Peso trade idea. Technical View Pattern - Triple Bottom Support - 19.93810, 19.85110, 19.81000 Resistance - 20.09215, 20.21170, 20.31620 50 EMA - key support zone 200 EMA - Key Resistance zone EM Currency pair - PESO yields had a nice move... We could extend further to 1.618 area! Key tip: Trade your own trade plan for further confidence Trade...
As we zoom out and look closely at the Mexican Peso, we see many signs of strength that have been building for some time now. I believe the MXN and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and a short-term boost to the Peso, I fear it will have long-term...
Going long on this pair short term before we start to look at short opportunities to the downside.
Technical outlook towards EUR/MXN We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why? ***Higher time frame indicates shorter time frame of movement! *** Technical outlook: Pattern wise - we are being squeezed within price action of a...
The EM currencies aren't moving as much considering the major pairs are...that's an interesting thought to keep in mind! If you're looking for good risk reward trade, i'd go to EM currencies - Major pairs are little over extended. However, for those swing traders PESO looking clean...which way will it break. Will we carry on the pattern of descending channel?...
Triangle forming ... we could break out and retest to the upside but i have stops in place to catch the sell
Possible correction afterwards, strong support on red horizontal line knowing my currency and it's endless devaluation price will go up on the long term. Keep it simple and you will succeed!