MXNUSD
USDMXN Bearish Wedge, good RRWe have gotten a second chance to play this bearish wedge. After the previous trade which failed, but gladly was just a small as usual. Not the previous candles are very bullish, but i think this wedge is legit so i don't see it getting above that previous high. I am going to split my entries in 2, i am going to risk one part here, if that trend line on the left and the green box breaks and going to wait a bit for the second half.
Previous analysis:
USDMXN triangle playLooks like a solid triangle here and from the looks of it we will probably see a break on the upside. But every triangle can go both ways. So i am going to wait for some confirmation first. So i want to see it move like one of the blue lines first before going in the trade. So a break of the triangle and a retest.
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Previous analysis:
EURMXN - UPDATE -3rd exotic pair for you guyswatch out for this drop
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MXNUSD Mexican peso nice set-up for short positionMexican peso is bearish for the last year. I pointed out most important places.
- exact 50% of previous wave
- H&S formation followed by recent trend
- pair is trading below 200 ema on Daily CHart
- GAP support/resistance area is fairly respected by market
plus bonus which tells me that it is rather good entry Mexican interests rates which are very high in comparison to other countries world wide, of maybe except Turkey:)
Money tend to favor currency which has highest interests rates I believe it is called carry trading.
R/R ratio is reasonable well above 2 with low risk.
I will update it if market will tell otherwise or if I will close position before reaching TP.
SHORT USDMXNSeguramente hay muchos traders técnicos largos USDMXN, a mi parecer el fundamental indica todo lo contrario y creo que esta volatilidad puede dar entradas interesantes.
El acuerdo del NAFTA aunque es una negociación aún sin efectos legales hasta ser aprobada por el congreso, representa un gran avance para las relaciones de México-EUA y elimina el riesgo de un no acuerdo comercial o extinción del NAFTA.
Es cierto que las negociaciones con Canadá apenas comienzan pero existe cierta presión política para Trump por las elecciones intermedias y la falta de resultados sólidos (además de los escándalos jurídicos) esto podría presionar a dar un pronto acuerdo entre México, Canadá y EUA (incluso podría ser esta misma semana) sin considerar que la administración de Trump no quiere continuar las negociaciones una vez que tome el poder Andrés Manuel pues existen diferencias en temas de energía.
Tomemos en cuenta las tasas de interés, la inflación controlada en México, la solidez de la economía en EUA y en México etc..
TP 18.52
USDMXN in rapid fallI am shorting USDMXN. Right now it is moving in the leftist Gann angle where price moves fastest in relation to time. Seasonal data confirms strengthening of Peso (means shortening of USDMXN) until 17.07.
Lets see if market anticipates to a favorable mexican presidentMexican peso streghtening against the USD, maybe anticipating a favorable mexican election?, lets see how this head and shoulders with retest plays out...
Mexican Peso on the verge of a breakoutWeekly dollar peso
Disclosure: I see the blue 18.05 level holding and a good INTRADAY buying opportunity
daily euro peso
USDMXN Horizontal Consolalidation Channel This week has been highly volatile for the Dolar/Peso testing much higher than the current range as well as lower.
The current consolidation is between 18.60-70. Beware of any price action bellow 18.60 as we could make a bearish run to the lower end of 18 or on the opposite end beyond 18.8 to 19. I think there has been a lot of news affecting the dollar recently and NAFTA negotiations will enter the 7th round next week. What we are seeing is a small respite before further volatility.
USDMXN Bearish Correction, Potential Reversal around 18.60Mexico gains a steady recovery after an overnight bullish rally. The price seems to be consolidating between the range of 18.70-50.
I expect the price will trend lower but high volatility could see the price reverse at the bullish channel support and test the recent high's above 18.73
USDMXN Horizontal Channel NAFTA optimism meets resurgance of USD strenght. The price movement seems to have consolidated on a horizontal zone between 18.62 and 18.54, that is still a very widespread but I believe this familiar price range is a welcomed pause for exotic currency traders after much volatility in the MXN market. Is this the calm before the storm? Trump address later today and the beginning of Mexican presidential election will ensure the volatility returns soon.
Peso Bearish Bat I see here a bat :
.382 B
.886 C
you can take C to D leg and TP at .886 or/and wait for completion of Bat and take short to .382 or/ .618
MXNUSD signals higher. USDMXN downThe Mexican Peso signals higher. Looks to add 15% to its value. Fundamentals linked to perhaps strong growth prospects
Mexican Peso: Weekly uptrend triggered, above resistanceThe Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months.
Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West.
Best of luck,
Ivan Labrie.
MXNUSD @ daily @ closed around ATL friday & still under pressureThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
4XSetUps for next wee - friday close(1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
