Get started

Peso

EURMXN Long term analysisHello Traders, kindly like this idea if you love it and leave your thoughts in the comment section Expecting the Euro/Mexican Peso pair to seek discount pricing (lower low) after it was met with bearish repricing at the 28.00 level. The OB on the Daily chart should be able to propel price lower attacking Sell-side liquidity and seeking discount prices at the Weekly Bullish breaker + BISI FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN OR I'LL ASK YOUR BROKER TO GIVE YOU A MARGIN CALL :-)
Short
by wallstreetcartel
2
USDMXN Long term analysisHello Traders, kindly like this idea if you love it and leave your thoughts in the comment section The United States Dollar/Mexican Peso pair could potentially see more downside price movement after a Shift in Market Structure and a Break in Market structure attacking sellside liquidity and potentially seeking internal range liquidity at the Monthly FVG. NB: Price is currently trading at the CE of a FVG on the monthly timeframe and we could see bullish prices (monitor price closely) FOLLOW OUR IDEA UPDATES FOR MORE PRECISE ENTRY TRADES WITH ZERO DRAWDOWN OR I'LL ASK YOUR BROKER TO GIVE YOU A MARGIN CALL :-)
Short
by wallstreetcartel
2
EUR/MXN - Trade idea - Opportunity! EUR/MXN - Great opportunity. I took the short from yesterday, as the pattern looked like bear flag as well as descending channel and various other aspects. For now technical aspects: Below the support of 25.78 the bears could have further control and head towards the next support areas of 25.68 which matches out retracement of Fibonacci 161.8 area. Above and going out of the channel we will have the bulls getting into control, the resistance areas - 25.89 above that we will have clear direction of bulls next resistance after we will be heading to Fibonacci retracement areas, 0.618 areas. Do keep in mind, wait for clear break of the key levels and any patterns that may occur! Remember: Just a trade idea, not a recommendation.
by Trade_Journal
3
USDMXN - Peso - Which way?!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? Will we reach the retracement Fibonacci 161.8 target? OR will we head higher out of channel and go towards the resistance areas? Add alerts or orders for whichever direction you feel its breaking out to. Remember, we've had a lot of dollar weakness. This is just a trade idea, not a recommendation.
by Trade_Journal
ridethepig | USDMXN Market Commentary 2020.07.19Ok let's get started with the next round of important chart packs and fundamental updates 📍 On the fundamental side in USDMXN - as strange as it sounds all eyes are on the other side of the Atlantic. Once again politics in Europe is getting in the way, with discussions on the recovery fund coming to a close this weekend and looking like we are going to see this delayed till September with one more round of sabre rattling from the frugal four. With Covid still in play, any risks to more free money will add to a continuation of worries and anxiety. This can cap the highs in EURUSD for those tracking the flows: We cleared the first macro target on time; although any push higher will be difficult without the official ✅ from the EC. Without that, risk is broadly exposed and the only way to defend against this in USDMXN is by sacrificing the MXN. Buyers have held the 61.8% after a hard battle; see the end of the previous chapter, from last year. 📌 Manoeuvring in these waters is difficult even for the most experienced speculators. This position from the Technical game. The cramped sellers is glaring weakness here. And buyers should be considered as ready also. But buyer's own weakness on the soft horizontal resistance line should also be considered as a pivot also. A certain amount of restraint can be expected, although the space is there now to operate the impulsive wave. There are going to be plenty of chances for us to open up the H4 charts for those wanting to position for the micro flows, as well as those more passive traders waiting to take advantage of the momentum. As usual thanks all for keeping the feedback coming 👍 or 👎
Long
by ridethepig
Puntos de Equilibrio del Yankee ChilenoEl punto de equilibrio está en 839.72, los alcistas deben cruzar ese punto. Los más agresivos pueden poner sus ordenes en los puntos de equilibrio de menor escalas de tiempo. Los bajistas deben mantenerse debajo del Kumo y del equilibrio diario en rosado. Por como siento la economía en Chile, creo que este país se irá a la chu’, así que voy al alza, espero que nuestro Banco Central recapacite, compre oro y se deje de inyectar más dólares a la economía, solo se devalúa nuestra propia moneda en favor de dolarucho.
Long
by CristianGCX
USDMXN : Things to KnowPredicting an actual target after a move like that is almost impossible. This pattern is highly likely to produce a continuation of the price action leading up into it; it’s a classic triangle. This fact we have just examined, in a normal situation would be enough to say easily, well now is another time to long, on a breakout play. The triangle appears most valid on the daily; as although the wick violates the triangle, the reaction is quite violent; The triangle at this point is in the final stages of completion. A breakout or breakdown is to be expected before April is over. The strength behind the US Dollar is largely panic driven and therefore extremely prone to a hard fall All markets clearly aware some type of tomfoolery is going on; at some level. Caution is to be taken with MXN. It ranges hard on the daily. Good luck.
Long
by vox-populi
2
MXN lining up a bullish flag with a target of $32 MXN per 1 USD.I posted an idea on July 22, 2019 with my target at $29 pesos per 1 USD by August 2020. However, the new Mexican Government's poor economic choices along with the with the rise of the COVID-19 pandemic, have exacerbated the problem and consequently accelerate the peso's fall. Banxico has been intervening by selling USD in the open market in an effort to stopping the pesos fall. Consequently, how much of an intervention is Mexico's central bank able to afford? only time will tell. Things don't look so promising though. AMLO has cancelled an important contract with constellation brands after an initial investment was made. Foreign investment is declining due to loss of confidence. The cancellation of the lease of the presidential plane has not been done due to lack of funds. Investments in the unprofitable and state run oil company PEMEX, the Dos Bocas refinery, and the Santa Lucia Airport, the creation of the national guard, plus numerous social programs are draining the economy heavily. In addition, a drop in GDP due to investor confidence, COVID-19, and poor economic choices do not paint a positive outlook for the peso and the overall Mexican economy.
Long
by fernx
9