Peso
USD / MXN ! Bullish dumpUSD / MXN was one of the biggest devaluations in these days
Price should retrace to the 21.5-22.2 level and then continue the bullish trend
Exotic Drawback Setup: USD/MXN ShortWe're going exotic for this one! I am looking for a drawback setup here and I've drawn my entry at a break of previous price structure support. My overall target will be the flat Kijun sen that is forming, and I've marked up some price structure to targets to aim for as well. Since this is only slightly more than a 2x risk to reward, I'll be taking a smaller risk trade for this one. If we fail to break support, this setup will become invalidated.
USDMXN HIGHER LOW AHEAD? MTFA ENGLISHNOVICE TRADER SPECULATION:
Hello Traders!
I tried to make this TA much easier to understand.
It looks like on D5, we are approaching what could be a very good long opportunity.
LOGIC BEHIIND LONG:
-TA
-ABCD Pattern
-Breakout
Entry at the Green Flag.
Live long and profit.
ZM
USDMXN POTENTIAL BREAKOUT OF WEAK RESISTANCE? ENGLISH MTFANOVICE:
LOGIC:
-COVID-19 has began to panic the US public
Live long and profit
ZM
USDMXN - Descending TriangleAfter the market rallied during the last week in favor of the US dollar , we sold off later on Monday making the chart bearish in the short run.
I expect the FED, Bank of Japan, and the European Central Bank to announce monetary policies to stimulate their economies.
In the long run, the descending triangle shows bearish for USD/MXN.
USD/MXN change of trendsUSD turns the tables and starts to beat developing country currencies. My target is for the main trend, if you wish, you can take your first profit at the level in 19.07.
Follow to hear more.
Entry: 18.895
Stop: 18.75
Target: 19.25
Have a nice week!
USDMXN CHANGING TRENDUSDMXN rebound from strong demand zone on H4 frame
Price broke downtrendline
Trading above Moving average 100
It's expected to go upwards to the level 19.21
then price will throwback to get the target at HVN near level 19.5588
ORBEX: AUDCHF, USDMXN: Both Looking Bearish!In today’s #marketinsights video recording, I talk about FX Minors AUDCHF and USDMXN as they both seem to be moving down impulsively.
Added uncertainty amid the latest trade delay, and poor Chinese activity and Australian employment data all add pressure on the Aussie.
Mexican peso, on the other hand, weakened yesterday following Banxico's decision to cut rates! But technicals hint to a short-term rise only?
Stavros Tousios
Head of Investment Research
Orbex
This analysis is provided as general market commentary and does not constitute investment advice
USDMXN Head and Shoulders PatternUSDMXN was in a downtrend on the 4 hour chart with lower highs and lower lows. We then reached a very big support zone close to the 19.00 zone where we began to lose steam.
No more further lower highs and lower lows. We have now confirmed a higher low with a higher high break and close above the head and shoulders neckline.
The break was strong as you can see by the candle body. Target would be the flip zone near 19.50.
Do be wary of the 19.34 zone see how price reacts there.
Mexican Peso finally going to move after years of bouncingAs we can see, we are getting to the final of a continuation form but it is not clear if it's a continuation to the first big downward move or the bigger uppward move that comes from the ´90s - 2000´s. I just wanted to update you with this since it's a very clear year size form. My personal opinion is long in short term and short in the long term. I think it is going to go up in the short term and from the bounce we are going to see if it will continue up. I feels it is trying to get down since it has been there a lot of time every time it gets to that boundry, but history tells us that mexican peso tends to lose vs dollar since fiat money is around.
USDMXN: Optimal long term Buy Opportunity.The pair has been trading within a wide long term 1M Triangle since late 2016 that is getting narrower and narrower (RSI = 49.430, CCI = -26.4209, Highs/Lows = 0.0000) as it approaches its completion.
In the recent weeks it has been pulling but towards the Higher Low Support zone and technically is now on the optimal long term buy level. A 2 year long RSI figure also suggests a buy near 40.000. We are taking this opportunity to go long with TP = 19.85000.
** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. **
Comments and likes are greatly appreciated.
USDMXN: Swing Long Whats up traders? How is your trading week going?
Im currently looking at the USDMXN pair for long opportunities. Our stop loss is under the last swing low and take profit is very high for because im looking for a longterm trade.
If something does change or i take profit earlier - i will keep you guys updated here.
Wishing everyone success and a great weekend!
USDMXN - Mexican Peso RecoversDuring the trading session on Monday and Tuesday the Mexican peso has recovered.
I expect the US Congress will pass the U.S.-Mexico-Canada Agreement in a few weeks. That should help the Mexican Peso to break the support 19.5 (Green Line). I also expect the trade between the United States and China to come down before the US elections. It is important to notice that the USDMXN price is in a triangle since last year. If there is good news from Mexico, we could finally break the triangle to the downside.
On the other hand, Trump could threat Mexico again with bad comments just as he did in 2016, especially during this time (elections in 2020), making the Mexican peso weak.
Thanks for reading!
Buy lows for long term positonsThis par will break any moment, won't resist another attack to the 20.20. That is more likely to happen 1st quarter next year
Buy any low, key levels 19.10/19.25/19.40, watch for immigration cooperation, USMCA approval and carry to good entry points.
Factors:
Trump is going to be in the campaign, and he proved that anti-Mexican rhetoric pays.
Oil prices won't support the peso.
Mexico's president populist programs will affect the investment, slow growth is expected
Pemex may have a rating downward.
I think is too risky to think in 18s, will be more profitable to buy lows and wait to the 21 to 24
USDMXN - Patience -Details on the chartOANDA:USDMXN ----------->Details on the chart.
Pipdify,
Tamilkumar
USDMXN - SELL OANDA:USDMXN ------> Details on the chart,Happy pip hunting.
(Price action)
Pipdify,
Tamilkumar
