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USDMXN

US Non-Farm PayrollsThe pair failed to break out from a major resistance line, sending the pair lower towards a key support line. The US is due to report its Non-Farm Payrolls (NFP) report today, August 07. The report for July is expected to drop following the two (2) consecutive increase in the change of number employed. Expectations were at 1,600K compared to the previous increase in the report of 4,800K. Investors are worried that employees who are laid off during the pandemic might remain unemployed in the coming months. At the height of the pandemic in April, more than 20.5 million US employees became unemployed. Only 7,309K were able to find a new job from May to June. And the small projection in the change of number employed for July will cause a sell-off in the US dollar. Meanwhile, recent reports from the US neighbor, Mexico, suggests that its economy is recovering. Today’s CPI report is expected to increase by 0.65% compared to 0.55% in June.
Short
by Financebroker
USDMXN TRADE SETUPIn our previous analysis, our target was achieved and hit more than 200 pips as it was a short term trade. USDMXN rebounded after testing its support at 22.8100 AFTER BROKE THE 22.500 breakout , THE USDMXN WENT ALMOST TO REACH THE OTHER RESISTANCE 22.8100 ZONE... THE CANDLES ARE STRONG , SO LETS TRADE TOWARDS THE NEXT 23.25 AREA .We will be looking for good pips in buy trades until it touches it next resistance. Entries should be taken only if all the rules of entries are applied.
Long
by TradingSwirls
Currently Watching: USDMXN and GBPUSDI'm that Forex guy who likes mid to high risks and high returns. Lots of people are shortening the USDMXN, but I still think it got ways to go for some more profit potential which is why I did an entry. GBPUSD is still picking up more support levels as well for a higher pivot. Pay close attention to the technical indicators and charting patterns. That being said, please do your own due diligence. Everything I say is on an opinion based basis. Please proceed with caution and invest at your own risk.
Long
by gamer456148
2
Buy the Breakout of 17.04... Exotic Pairs Rise in USD Weakness!!Exotic Pairs Rise in USD Weakness!!!! Buy USDZAR, USDNOK, USDMXN From last couple of years.. whenever there is weakness is in USD.. the Exotic pairs always gone for more rise and new highs!!! So right now USD weakness is all over place.. but exotic pairs starting showing potential to go upside.. USDZAR has made double bottom on 4hr and Daily.. Only thing is stalling it 200 sma on 4hr.. and then we have 50 sma on Daily.. Once clearly 17.02 taken out i am expecting another new high by taking out 19.34!!!!! I think correction has ended so a new wave is on its way.... maybe this time 21 or 23.0? Chart of usdzar is very clear.. and USDMXN is also getting ready to test its upper resistance trendline..
Long
by Jollymolly