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USDMXN

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
Can Inflation Shift the Fed’s Rate Path? This week’s inflation data could be decisive for traders as markets weigh whether the Fed will cut rates by 25 or 50 basis points. Last week’s jobs report did not sway the market from its current consensus. The US economy added 142,000 jobs in August 2024, falling short of the expected 160,000, based on the latest NFP data. According to the CME FedWatch Tool, the likelihood of a 25-bps rate cut climbed to 73%, while expectations for a 50-bps cut dropped to 27%. Attention now turns to inflation, with consumer prices expected to fall to 2.6%—the lowest since March 2021—and producer prices anticipated to rise 0.2% month-over-month. Key USD pairs to watch this week include EUR/USD, with the ECB's upcoming interest rate decision in focus. Additionally, pairs impacted by inflation data releases from Mexico, Brazil, Russia, and India could see significant movement.
by BlackBull_Markets
USD/MXN Bank Robbery plan to steal the moneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist USD/MXN Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
2
USDMXN Channel Up leading to 21.6500The USDMXN pair eventually gave us on our last analysis (June 27, see chart below) our desired bullish break-out above the multi-year Falling Wedge and the 1W MA200 and its next stop will most likely be our 21.6500 Target: To view this trend from a more comprehensive perspective, we made today's analysis on the 1D time-frame. The prevailing pattern is a Channel Up, which as you can see is technically on its 3rd Bearish Leg. Once it hits the 1D MA50 (blue trend-line) at the bottom of the Channel Up along with ideally the 1D RSI hitting its Support Zone, we will have the next short-term bullish signal. The Bullish Legs have so far been fairly symmetrical at a +15% rise. As a result our 21.000 Target is within the range of the expected rise ahead. ------------------------------------------------------------------------------- ** 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
1
Peso Pressure Ahead of Major MXN Events Mexico's inflation data will be released Thursday morning, closely followed by the Central Bank of Mexico's interest rate decision in the afternoon. July's headline inflation in Mexico is expected to have accelerated to its highest level in over a year, according to a Reuters poll. However, the core index is anticipated to continue its moderation. Rising prices in July could complicate any plans for the central bank to lower its key interest rate this week. In late June, the central bank opted to keep its benchmark interest rate unchanged after a rate cut in March, the first since mid-2021 when it began its tightening cycle. The Mexican Peso has extended its losing streak to four consecutive days against the US Dollar, marking ten losses in the last eleven sessions. The currency closed above the psychological 19.00 level for two days, having surpassed the previous year-to-date high of 18.99. Market momentum could favor sellers, with the Relative Strength Index indicating overbought conditions. The immediate resistance might stand at the current year-to-date high of 20.22. On the downside, a breach of the 19.00 support level could open the path to the August stumble close to 18.50, followed by the 50-day Simple Moving Average at 18.20.
by BlackBull_Markets
USD/MXN: Bullish Momentum Expected Amid Demand Area RetestThe USD/MXN currency pair is showing promising signs of a bullish continuation as it retests a recognized demand area. This zone has historically provided strong support and is now positioned to potentially fuel a further upward movement. Large speculators are currently on the bullish side, while retail traders remain bearish, reinforcing our positive outlook for the pair. Our analysis indicates that the price is making a crucial retest of this demand area before resuming its upward trajectory. This retest is a typical technical pattern that often precedes a bullish continuation, especially when combined with the current market sentiment. The presence of large speculators on the bullish side suggests confidence in the potential for USD/MXN to rise, as these traders often have deeper insights into market trends and fundamentals. Furthermore, seasonal patterns also support our bullish outlook for the USD against the MXN. Historical data shows that this period typically favors the USD, driven by a combination of macroeconomic factors and market dynamics. Seasonal trends can provide valuable context, enhancing the reliability of technical setups and market sentiment indicators. Given these factors, we are closely monitoring the price action for a bullish continuation. The demand area retest, combined with bullish speculator positions and favorable seasonality, creates a compelling case for an upward move in USD/MXN. We are looking for the best entry points to capitalize on this potential rise, ensuring a strategic approach to maximize returns while managing risk. In conclusion, USD/MXN is poised for a bullish continuation following the retest of a significant demand area. The alignment of technical indicators, market sentiment, and seasonal trends all point towards a favorable environment for the USD. Investors should be vigilant for entry opportunities as the price confirms its support and begins its anticipated ascent. ✅ Please share your thoughts about USD/MXN in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
4
Dr. Copper: From Failed Breakouts to Fresh BreakdownsRisk assets are taking a hit. The major equity indexes are seeing red. Crude oil is slipping below eighty bucks. And gold is failing at new all-time highs. Perhaps the markets are navigating the summertime blues – a tune base and industrial metal investors have been humming for months. Dr. Copper is living up to the trading adage that from failed moves come fast moves in the opposite direction. The futures continue to fall – down almost 8 percent this week. That level coincides with a key retracement and former resistance area – a logical place for buyers to step in and defend price. On the other hand, momentum is drifting toward oversold conditions. If the 14-day RSI drops below 30, I imagine copper will reach four dollars.
CAPITALCOM:COPPERLong
by USDSZL
Long on Mexican Pesos: Technical Indicators and Market AnalysisThe Mexican Peso has recently reached a Demand area that we have been monitoring for some time, and it has shown a strong rebound from this level. By examining technical indicators such as the Relative Strength Index (RSI) and Stochastic, we can observe that the Peso is currently in an oversold condition, suggesting a potential upward movement. Furthermore, by analyzing the Commitment of Traders (COT) data, we see additional support for a bullish outlook. The seasonality trends of the Mexican Peso also align with this perspective, indicating that now is an opportune time to consider a long position. Given these technical and seasonal indicators, we have decided to open a long position on this futures contract. The confluence of the oversold technical indicators, supportive COT data, and favorable seasonal trends provides a strong foundation for our bullish stance on the Mexican Peso. ✅ Please share your thoughts about Mexican Pesos in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6M1!Long
by FOREXN1
1
USDMXN Major long-term bullish break-out after 4 years!The USDMXN pair broke above the 4-year Falling Wedge and so far stopped the rise just before it tested the 1W MA200 (orange trend-line). The last time the pair had a similar long-term bullish break-out was on the August 01 11 break-out. Following a 5-week consolidation, the price then extended the aggressive rise marginally above the 0.618 Fibonacci retracement level. As a result, we expect another strong bullish wave soon, and our Target is 21.6500 (exactly on the 0.618 Fib). ------------------------------------------------------------------------------- ** 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
Trade Like A Sniper - Episode 44 - USDMXN - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing USDMXN, starting from the 3-Month chart. If you want to learn more, check out my TradingView profile.
by Road_2_Funded
I see a bump for the Mexican Peso and then a dive after summerI anticipate the antiglobalism movement will enrich Mexico for cheap labor (unless Trump gets elected then the Peso will melt down due to the tariffs) where China is already passing our own tariffs by exporting to Mexico where it gets a new shiny label and tariffs don't apply. I believe a billionaire has made moves to gather up the trucking and logistic companies in Mexico because of the growth. Afterwards, no matter what, the dollar TVC:DXY will soar to 140-160+ until itself too implodes leading to hyperinflation in the USA which will catalyze an opportunity to move to CBDC's based on social credit scores (negative interest rates). I also see the TTM squeeze executing on all major TF's so a major move is coming!! Usually we see a bounce of the opposite side as a fake breakout, then a squeeze in the opposite direction lasting for 8 TF bars. Multiple consecutive TF's hint at a massive move and alignment
by EmptyEternity
2
Trials and Elections: 3 Market-adjacent events to watch Trump and Hunter Biden Trials Former U.S. President Donald Trump was convicted last week on all counts of falsifying business records. Trump faces sentencing in one month’s time on July 11. Each of the 34 felony counts could result in up to four years in prison, although first-time offenders (or ex-presidents) like Trump are rarely incarcerated. Meanwhile, a jury was sworn in on Monday for a (show?) trial of Hunter Biden, son of President Joe Biden, on gun charges. Mexican Election The Mexican peso continues to fall sharply towards 18.0 per USD, its lowest since October 2023, following results indicating a supermajority win for the Moderna party and its allies in Congress. Claudia Sheinbaum, the Moderna party candidate, won the presidential election by a significant margin. As noted in Reuters, "The peso is underperforming amid growing concerns that the governing coalition's supermajority in the lower house might lead to the implementation of non-market-friendly policies,". Indian Election The Indian rupee plunged past 83.5 per USD, nearing its record-low of 83.7 from April. This movement erased the sharp rally triggered by early vote tallies, as updated counts indicated that incumbent PM Narendra Modi’s Bharatiya Janata Party is likely to secure a much narrower victory than anticipated. Amidst the election turmoil in the world's largest democracy, the Reserve Bank of India's (RBI) monetary policy decision is also expected this week. In April 2024, the RBI maintained its benchmark repo rate at 6.5% for the seventh consecutive meeting.
by BlackBull_Markets
1
Mexican Peso Navigates Uncertain Monetary Policy LandscapeThe Mexican Peso (MXN) faces a challenging economic landscape characterized by conflicting signals of growth optimism and persistent inflation concerns. The upcoming decisions of the Bank of Mexico (Banxico) and the US Federal Reserve (Fed) will heavily influence the Peso's trajectory against the US Dollar (USD). In Mexico, strong economic performance has stirred speculation about a potential interest rate cut by Banxico, contrasting with worries over inflation exceeding targets. This divergence in opinions among analysts could drive short-term fluctuations in the MXN/USD exchange rate. The Fed's recent indications of a possible rate reduction later in 2024, coupled with Mexico's April Consumer Price Index (CPI) data release and Banxico's policy decision, are pivotal events that will shape the Peso's direction in the coming weeks. Traders are advised to consider a long (buy) position on USD/MXN, entering at 16.98873 with various target prices (T.P.) and a stop loss (S.L.) level at 15.61102.
Long
by signalmastermind
USDMXN Strong sell opportunity on the 1D MA200.The USDMXN pair gave us a strong sell signal last time we looked at it (February 19, see chart below): Now a new sell opportunity has emerged as it got rejected heavily at the top (Lower Highs trend-line) of the 2-year Bearish Megaphone pattern and is now trading mostly below the 1D MA200 (orange trend-line). According to the RSI fractal, this price action is similar to the December 2022 consolidation that kickstarted a heavy decline with first stop the -0.382 Fibonacci extension. As a result, we turn bearish again, targeting 15.7500 (just above the -0.382 Fib). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Sell your pesos, buy dollarsI was down in Mexico over the past week and most people were commenting about how weak the dollar was against the Peso. While I was there, the dollar made a move from the low SWB:16S to $18. Most people kept saying that if it gets to $18-$20, you should sell your dollars to buy more pesos, because the dollar will decline against the peso over the long term. List fundamental reasons here= Mexico economy is getting stronger, US is in massive debt, blah blah blah... Reality is, the chart tells the truth and to me, it looks like the dollar is forming a bottom for a long-term move higher against the peso. As long as price stays above the blue trendline, price is heading higher. How high? Maybe 2x? Let's see.
Long
by benjihyam
Why Would Countries Devalue Their Currency?Why Would Countries Devalue Their Currency? Currency devaluation is a nuanced aspect of fiscal policy with profound implications globally. This article demystifies the strategic reasons and consequential effects when nations choose to devalue their currency. From influencing trade balances to adjusting economic strategies, understanding these dynamics is crucial for traders and investors alike. Dive into the complex world of currency devaluation and its far-reaching impact on global economics. Devalued Currency Definition So, what is currency devaluation, and how does a country devalue its currency? Currency devaluation is a deliberate downward adjustment of a country's currency value relative to another currency, group of currencies, or standard. This monetary policy decision is typically made by a national government or its central bank. Devaluation is distinct from depreciation, which is a market-driven decrease in currency value. In a practical sense, devaluation reduces the cost of a country's exports and increases the cost of imports. For countries with fixed or semi-fixed exchange rates, this involves officially lowering the exchange rate by the revaluation of the peg or a change in the pegged currency. Countries with a free-floating currency system can influence devaluation through monetary policies like lowering interest rates, which can decrease investor demand for the currency, thereby reducing its value. Also, central banks can intervene by buying foreign currency and selling domestic. These fluctuations are visible across many currency pairs in FXOpen’s free TickTrader platform. Additionally, governments might engage in expansive fiscal policies or public statements to sway market perceptions, indirectly impacting the currency's market value. Devaluation of Currency Example In 1994, Mexico experienced a notable devaluation of its currency, the peso. This event is often referred to as the Mexican Peso Crisis. Prior to the devaluation, Mexico maintained a fixed exchange rate regime, pegging the peso to the US dollar. However, due to a combination of political uncertainty, economic pressures, and dwindling foreign exchange reserves, the Mexican government found it increasingly challenging to maintain the peso's value. In December 1994, the government decided to devalue the peso by around 15%. The immediate effect was a dramatic fall in the peso's value, plunging nearly 50% against the dollar within months. This devaluation led to significant economic turmoil, including high inflation and capital flight, but it also eventually helped to make Mexican exports more competitive in the international market. Why Might a Country Choose to Devalue Its Currency? 3 Reasons Why would a country devalue its currency? While this move can have widespread implications, there are strategic reasons behind such a decision. Understanding these reasons is crucial in comprehending global economic dynamics. Reason 1: Boosting Exports One of the primary reasons for a country to devalue its currency is to make its exports more competitive in the global market. A weaker currency lowers the price of a country's goods and services in foreign markets, making them more attractive to international buyers. This increase in demand for exports can stimulate the country's manufacturing sector and, in turn, boost economic growth. For instance, a country heavily reliant on exports might use devaluation to gain a competitive edge, especially if its major trading partners have stronger currencies. Reason 2: Reducing Trade Deficits Devaluation can be a tool to address trade imbalances. A country with a significant trade deficit – where imports exceed exports – might devalue its currency to make imports more expensive and exports cheaper. By doing so, it can reduce the volume of imports as they become costlier for domestic consumers and businesses, while simultaneously increasing exports due to their lower prices on the international market. This adjustment can help in narrowing the trade deficit, bringing more balance to the country's external trade. Reason 3: Managing National Debt Countries with high levels of debt denominated in foreign currencies may resort to devaluation as a strategy to reduce the real value of their debt. When a currency is devalued, the amount owed in the local currency increases, but the actual value in terms of foreign currency decreases. This may ease the burden of debt repayment for the government, particularly if the country is facing fiscal challenges. However, this approach can be risky, as it might lead to loss of investor confidence and increased cost of borrowing in the future. Devalued Currency Effects The effects of devaluing a currency ripple through various sectors of an economy. In the short term, it often leads to increased inflation. As the cost of imports rises, domestic prices generally increase, affecting the purchasing power of consumers. This inflationary pressure can be particularly challenging for economies that heavily rely on imported goods. On the business front, while export-oriented industries may thrive due to increased competitiveness abroad, import-dependent businesses face higher costs, which can lead to reduced profit margins or increased prices for consumers. Additionally, the immediate aftermath of devaluation often includes volatility in financial markets, as investors may react to perceived risks by pulling capital out of the country. In the long term, if managed well, devaluation can lead to a more competitive export sector, potentially resulting in economic growth and job creation. However, the benefits depend on the elasticity of demand for exports and the country's ability to capitalise on the weakened currency. Finally, devaluation can impact a country's global reputation. Frequent or large-scale devaluations might lead to a loss of investor confidence, affecting foreign investment and the country's ability to borrow money on international markets. Such decisions, therefore, must balance immediate economic needs with long-term fiscal stability and credibility. The Bottom Line Understanding currency devaluation's complex dynamics is vital in today's interconnected world. Whether to boost exports, manage debt, or address trade imbalances, nations employ this strategy with varied outcomes. For those looking to take advantage of forex trading, consider opening an FXOpen account to access comprehensive resources and trading opportunities in this dynamic field. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
11