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USDMXN

USDMXN: The Mexican Peso Recovers After the PPIThe Mexican peso gained value against the dollar during the last session, accumulating a growth of nearly 1% . The event occurred shortly after the release of U.S. PPI data, which showed a moderate increase of 0.2%, compared to the expected 0.4%. This indicates that price levels have slowed down, potentially moderating the pace at which the Fed maintains high interest rates in the market. Uptrend: A consistent uptrend has been in place since May 2024, with no significant breaks that could invalidate the technical formation. However, recent bullish movements have failed to breach the 20.90 barrier, which has become the key level to watch for the upward pressure to continue. MACD: Lower highs in the MACD line oscillations, coupled with constant highs in price movements, have created a bearish divergence. This could indicate an imbalance in the speed at which the USD/MXN price has risen in the short term. Therefore, it’s crucial to consider the possibility of bearish corrections appearing in the near future. ADX: The ADX line has increased its oscillations in recent sessions but remains at the 20 level, indicating a lack of strength in short-term movements. This suggests that recent oscillations lack a clear directional trend and may reflect insufficient momentum in the current trend. Key Levels: 20.9033: A nearby resistance level corresponding to the November and December highs. Breaks above this level would mark a new peak and reinforce the buying strength of the uptrend. 20.0947: A critical support level that aligns with points on the upward trendline and the barrier marked by the 100-period simple moving average. Breaks below this level could strengthen new, consistent bearish pressure and pose a threat to the current uptrend. By Julian Pineda, CFA - Market Analyst
by FOREXcom
1
USD/MXN: Testing Key Resistance Zone at 20.80Chart Analysis: The USD/MXN pair has approached the critical resistance level at 20.80, which has been a notable ceiling for price action in the past. The bullish momentum is evident, but further confirmation is required for a potential breakout. 1️⃣ Resistance Test: The 20.80 level has acted as a strong resistance historically. A breakout above this zone could pave the way for further gains toward the 21.00 psychological level. 2️⃣ Moving Averages: 50-day SMA (blue): Positioned at 20.25, providing immediate dynamic support for the short-term trend. 200-day SMA (red): At 18.74, reinforcing the broader bullish outlook with price trading significantly above it. 3️⃣ Momentum Indicators: RSI: At 60.50, edging toward overbought territory but still indicating room for further upside. MACD: Positive and rising, supporting the bullish momentum with no clear signs of divergence. What to Watch: A confirmed daily close above 20.80 could signal the continuation of the uptrend, targeting 21.00–21.20 as the next resistance zone. Conversely, failure to break above 20.80 could result in a pullback toward the 20.25–20.00 support zone, aligning with the 50-day SMA. USD/MXN remains bullish, with price action focused on a critical resistance zone. Traders should watch for confirmation of a breakout or a potential rejection. -MW
by FOREXcom
USD/MXN Breaking Down Below Key Trend LineChart Analysis: The USD/MXN pair has definitively broken below the rising trendline (black), suggesting a potential shift in the bullish structure. The price is now consolidating below the trendline near 20.14, with the next support levels coming into focus. 1️⃣ Trendline Break: The drop below the rising trendline indicates a weakening of the previous bullish momentum. Traders may now look for confirmation of a further bearish move. 2️⃣ Moving Averages: 50-day SMA (blue): At 20.19, price is hovering just below this level, reinforcing bearish pressure. 200-day SMA (red): Positioned at 18.64, this serves as the next significant support if selling intensifies. 3️⃣ Momentum Indicators: RSI: At 47.12, trending lower but not yet oversold, leaving room for additional downside. MACD: Negative and flattening, indicating continued bearish momentum with no signs of reversal yet. What to Watch: If the pair continues lower, the next key support zone lies near 19.80–20.00, followed by the 200-day SMA at 18.64. For bullish recovery, the price would need to reclaim the broken trendline and move back above the 50-day SMA at 20.19. The USD/MXN trendline break shifts the focus to downside risks, with key support zones and momentum indicators suggesting further bearish potential. -MW
by FOREXcom
USD/MXN Holding the Rising Trendline, Key Resistance in SightChart Analysis: The USD/MXN pair continues to respect the rising trendline (black), maintaining its bullish structure. Price action remains constructive as it hovers near 20.25, with a key resistance level around 20.80. 1️⃣ Rising Trendline Support: The trendline, initiated from mid-June lows, has consistently supported price dips. This upward trajectory remains intact for now. 2️⃣ Key Resistance Zone: The 20.80 level (horizontal black line) marks a critical resistance area, where price struggled to break higher earlier this month. A move above this could signal renewed bullish momentum. 3️⃣ Moving Averages: 50-day SMA (blue): Price remains above the 50-day SMA at 20.12, confirming short-term bullish strength. 200-day SMA (red): The longer-term bullish trend remains intact, with the 200-day SMA rising steadily around 18.55. 4️⃣ Momentum Indicators: RSI: Hovering near 51.41, signaling neutral momentum. Traders may watch for a push into overbought territory if price challenges resistance. MACD: The MACD remains flat, with the signal line just above zero, suggesting indecision in short-term momentum. What to Watch: A sustained break above 20.80 could signal continuation of the bullish trend and bring new highs into focus. If the rising trendline fails, traders may monitor the 50-day SMA near 20.12 as a key support level. USD/MXN remains bullish within its rising trendline structure, with the 20.80 resistance level standing as a critical hurdle. Momentum and price action suggest a key decision point ahead. -MW
by FOREXcom
USD/MXN Soars Above 20.81266 Amid Tariff TensionsThe USD/MXN pair has surged above 20.81266, marking its weakest level since March 2022. This sharp movement is driven by Trump's announcement of a 25% tariff on imports from Mexico, which poses significant risks to Mexico's economy, particularly affecting the crucial auto sector. With the US accounting for over 83% of Mexico's exports, these tariffs could disrupt the trade balance and amplify peso volatility, leading to increased investor uncertainty and potential capital outflow. The Mexican peso has depreciated approximately 20% this year, compounded by concerns over fiscal expansion and a robust US dollar. Retaliatory tariff measures suggested by President Claudia Sheinbaum could further complicate the trade landscape, exacerbating tensions. Traders should closely monitor developments in US-Mexico trade policies and potential domestic policy responses in Mexico. Given the prevailing uncertainty, market participants may seek safer assets, which could further impact USD/MXN movements
by tastyfx
USDMXN POSSIBLE SHORT TRADE IDEAOn the monthly charts, we have a bullish trend that has been flipped. A change of character on the monthly chart indicates bearish orderflow setting. Currently, the dollar is gaining strength against major pairs, the Peso is no exception. The bullish resurgence of the dollar against the Peso seems to target price imbalance ranging between 21 to 24. Once these price imbalance has been removed, we are likely to see bearish sentiment setting in, possibly early 2025, targeting new lows.
by morrisgitau
USD/MXN: Trump fears meet Banxico decision The USD/MXN should be an interesting pair to watch in the coming days. October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless. Last week’s volatile trading saw USD/MXN reach 20.80, as markets reacted to concerns over a second Trump presidency. His protectionist and immigration policies would place pressure on the peso. However, for now, the pair’s uptrend may face hurdles. USD/MXN climbed to an intraday high of 20.57, but bullish momentum failed to break the year-to-date peak of 20.80, signaling possible resistance ahead.
by BlackBull_Markets
USDMXN - Trump Sleeper Trade (100k+ Trade) With Trump projected to claim the White House after preliminary votes are in, all eyes turn to Mexico. Trump has been an outspoken opponent of the "Border Crisis" and the loss of jobs to nearshored workers. Trump has threatened Mexico with tariffs on both fronts and is projected to have the House and Senate's support when proposing ballots. Expect many Republican States to issue strong punitive measures AGAINST Mexico. I expect the Peso to weaken to historic lows during this presidency. Target is 32, but could be more or less. This is made BEFORE Trump has taken office or made any decisions, however, Mexican Peso will still weaken until clarity is provided on why it shouldn't. FOREXCOM:USDMXN Potential rate cut on 11/7, but this should be a minor event in comparison to the implications of a Trump Presidency.
Long
by dsmall
1
USDMXN targeting 23.00 at least.The USDMXN pair has made a monumental long-term bullish break-out as not only did it recover its 1M MA50 (blue trend-line) in August but has also managed to close the last two 1M candles above it. As you can see on this multi-decade chart, every time the pair broke above the 1M MA50, it rallied by at least +19.10%. At the same time, it is coming off the lowest ever 1M MACD Bullish Cross, while the price rebounded exactly on the 1M MA200 (orange trend-line). As a result, our new long-term Target is 23.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USD/MXN: Sheinbaum Era Begins Mexico makes history today as Claudia Sheinbaum becomes the country’s first female president. With nearly 35.5 million votes—representing close to 60% of the electorate—Sheinbaum secured more votes than any president in Mexican history. Since the election, the Mexican peso has declined by around 13%. Recent price action has moved sideways as markets assess Sheinbaum's economic policies. However, traders anticipating a sharper selloff in USD/MXN may need to wait, as the pair potentially remains upwardly biased with the 20 Day and 50 Day EMA outlining possibly areas of support.
by BlackBull_Markets