Expanding Triangle Forming on USDMXNHere on the daily chart for USDMXN there is a possible expanding triangle forming. The first impulse and correction has formed on the 1 hour. More charts will be posted as updates.
Peso
USDMXN peso rising wedgeshould break out from resistance if we gain momentum in this wedge. watch volume spike
BRAZILS STRETCHED RISK PREMIUM MAKES FOR "REAL" LONG OPPORTUNITYBRAZILS RISK PREMUM IS STRETCHED
See "Summary Statistics" in doc below
www.bcb.gov.br
BRL's risk premium (currently highest across EM peers) looks stretched, given a continued pick- up in growth and reducing near-term political risk. COP's recent rally was likely driven mainly by a reversal of heavy short positioning, without a material shift in the country's economic and political outlook. Recent data releases showed that 2017 exhibited the slowest annual growth since the 2009 crisis (1.8%Y) and growth should remain sluggish in 2018, at 2.3%Y. Uncertainty about the upcoming elections poses an additional challenge for the investment outlook, given that implementing structural reforms could be key to helping to correct the fiscal deficit.
The risk to this trade is that Colombia's economic data surprise to the upside, leading to further appreciation in the currency.
USD/MXN 4H Chart: New patterns get markedSince the last time that the USD/MXN pair was reviewed a lot of developments have occurred.
First of all the resistance of the previously active medium channel down pattern was broken. Secondly, a new medium term ascending pattern has been mapped. However, those are background patterns to take into account in an orders to enforce proper risk management.
Main attention is focused on the newly formed ascending channel pattern, which represents the recent surge of the US Dollar against the rest of the currency markets. The channel can be used to set one’s orders.
USDCLP. Chilean peso could weaken againThe 2-year lasting correction could be over soon.
Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign.
Wave Y is already equal to wave W as it means that the USD drop was sufficient.
The former major top at the 732 is the minimum target.
See related idea in Turkish Lira, it could be similar.
#ETH #ETHMXN ¿Luz al final del Túnel? Seguimiento #Trading Por lo visto la bajada no fue tan brusca!
Recordemos que ahorita el Bitcoin es el que lleva la estafeta....Las probabilidades se están viendo a favor de la teoría manejada por colegas/mentores, y estamos a la que seria un H&S invertido con tendencia alcista. Para tener confirmación de esto necesitamos que se logre mantener arriba del "Neckline" esa seria la zona mas segura en teoría.
Si fracasa entonces tendríamos la continuación de la tendencia bajista. Lo mejor es estar bien atentos a los próximos movimientos y recuerden que tienen que ir con la tendencia ya que esta es amiga!
Si te ha gustado este análisis y quieres que siga compartiendo mi trabajo con ustedes, no dudes en darle manita arriba =) =) =) Todos los comentarios y aportes para hacer crecer mas esto son bienvenidos!
Mucha Suerte!
Nota: Invertir en Cripto-Activos implica riesgos importantes a tener en cuenta, proceda con precaución
USDMXN set-upAs seen on the chart the 200DMA has been an excellent buying opportunity. On this occasion it will line up nicely with the completion of the corrective ABC pattern.
Dollar also testing long term support, so look for potential reversals
Possible Flat Channel on USDMXNI am anticipating a flat channel formation here on this pair. Watch price as it reaches the bottom to see what reaction it gives us.
A trade that may triple your account "Long term bull USDMXN" My fellow traders,
Now is the time to make decision whether you may invest in USDMXN ,buy for long term.
If US index will become higher and higher again, the exchange rate between dollar and peso will rise day by day.
Technically and fundamentally , I recommend to BUY USDMXN for long term.
A single transaction may even become triple your account balance.
Most of our native traders (Myanmar forex traders) only pay attention in selling gold at this moment but
I want to recommend USDMXN to buy for long term at the same time.
...
Good luck to all traders,
USDMXN !!
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
$USDMXN Looking for the Peso to get stronger....Looking for the Peso to get stronger as more folks realize the value to be had holding pesos!
Gann eighths, pure sweetness.
SHORT IDEA: ARS - Peso Argentino Chart $USDARS #USDARSDollar against Argentinian Peso has soared from 16.1 to 17.3.
Then it has returned to 17 and it's showing some weakness. There is a chance to see it going back to 16.1/16.2 just as a technical pullback (Argentinan goverment could feel confortable with this exchange rate beacuse of the comming legislative elections).
The final destination in the middle term for this currency is 18.50/19.
SHORT USD/MXN 3 Months on Dollar Weakness-- CARRY TRADE POSITIVE Will be holding this for the next 3 months. Looking to cash in on Mexican Interset Rate at 7% vs Dollar Decline overall. Weak Dollar Seen due to Inflation, overall underperforming GDP growth and Oil Deflation. As we see a good amount of Price action for the downside as well as Moving Average's in accordance. Technical Levels are merley for point of reference. Overal Trend Coninutation expected. Risk Reward at around 1:1.5. Not ideal but Would like to take advantage of carry.
A red week in store for MXNWith Banxico raising rates to 7% I think $16 is a possibility for the Peso in the coming weeks.
I posted about the Peso being oversold on Friday and longed it back to $18, however I am short for the rest of the week.
Mexican Peso Futures: Getting Ready to ShortBut which one??
I am not sure yet. I will be watching the price action in these three areas to determine when I would like to enter. It is always tough for me to decide in these situations because the stop loss for one pattern is so close to the entry of the next so it is important to be patient to choose the best set-up based on confirmation of the PRZs.
If you have any thoughts regarding the Peso please share them!
Long USDMXNThe dollar found footing against the peso. The chart is self explanatory.
www.tradingview.com
The Peso has bottomed USDMXNI have been saying this on my blog for two weeks now calling for the Mexico bottom and the Peso bottom. I was ridiculed for shorting USDMXN at the 22 dollar level and look where we are now??
I expect this to continue to under 19.50 IMO.
POSITIONING | MXN Peso Shorts ... Are looking a little less extreme than they were before Trump's inauguration, whilst the currency represents great value. I'm inclined to take the under on Trump's doomsayers and this trade is the best way to express that view while collecting carry (presuming realised volatility continues to calm).
USDMXN: Trump talked the pair down, but for how long?I'm bullish on this pair, and the dollar overall, in the longer term, but right now, we're seeing a correction in this trend. Within the next 2-3 days we can get a signal to reenter longs in this pair, so keep an eye on it. Support below is significantly strong, so it wouldn't surprise me that we bottom very soon, and see a sharp continuation of the initial 'Trump induced' uptrend in this pair.
The situation in Mexico is deteriorating, and with oil potentially declining, among other factors, it would be logical to see more weakness soon.
Keep an eye on it, we'll pick it up after the bottom's confirmed, it won't take long with some luck, else we'll have to rethink our FX strategy and fundamental and technical bias.
Cheers,
Ivan Labrie.
