USDMXN
Pre-FOMC: Dollar to Rally on Second Wave Scare?The highlight of the week for liquidity will be the FOMC rate decision in 4 hours.
5 things to watch in today's press conf:
1) Optimistic or pessimistic forecasts?
2) Support for the economy
3) Negative rates
4) Bubble trouble?
5) Urging fiscal stimulus
Conclusion
The next big moves in markets depend on the Fed. Optimism and commitment to act would boost stocks and weigh on the safe-haven dollar while pouring cold water —in various ways— would send stocks tumbling and would cause the DXY to make a bullish comeback.
14:10:55 (UTC)
Wed Jun 10, 2020
USD/MXN LOOKS BEARISHHello Traders!
USD/MXN looks bearish! MACD has just crossed below with a good bearish strength – RSI looks pessimistic with a good range from being oversold.
HISTORICAL SUPPORT might be reached, so stay alert!
VF Investment cannot be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
USDMXNI was expecting to BUY this pair had it closed above 21.700 on Friday. It seems like this pair might continue to head down towards 21.000, 20.700, or even 20.400 which will be our buying zone. refer to daily and 4h charts to identify your SL and TP areas if you decide to short it until our buying zone. hopefully, we will get a good entry to BUY this pair soon. the price range between 20.70 and 20.40 is what I'm looking for.
Trading Plan #USDMXN (LONG)Hey Guys! Like and comment if you like the content. 👍 Subscribe will be a lot of interesting 👌
On this pair I see a good growth potential from the zone indicated on the chart
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
USDMXN to continue downwards??Hello Traders,
The USDMXN appears to be continuing its downward movement following a short move upward. Hidden Bearish Divergence is forming on the 12H MACD/Price Chart. RSI has just moved out of OVERSOLD territory on the 12H as well. On the 3H, price is being rejected off the 50-EMA and Hidden Bearish Divergence is also forming on the MACD/Price Chart.
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*The above is not investment advice but simply my analysis of the current market conditions*
USDMXN will price bounce on the 618 fibb level? This is a full breakdown of my perception of price action on higher time frames! I take my entries using smaller time frame confirmation and you should, too. If you have any questions about this trade or my strategies feel free to ask them in the comment section below!
Let’s make some money together!
USDMXN 6HR UpdateIf you entered with me last week then you should be up big. gonna short it back to that grey zone. from there I'm either going to add a second position if we break or i'm going to close out and ride it back up
USDMXN: BOOOOM morethan 26,000pips and 500% return on my accountWhat did I say about USDMXN? I said it will SELL like crazy!!!!!! you don't believe me? check out my previous analysis I've been making since early May!!!
USDMXN has been my greatest trade since March. In March I made 50,000pips and now 25,000pips!!! I've mentioned to SELL this pair since early May, check out my previous post to verify my claim. I will try to BUY this pair in the near future but for now, I'm done Selling! there is a good chance it might continue to go lower but I've already achieved my goal to make 25,000pips (500% on my account).
This pair has retraced more than 50% and a good buying opportunity might be around the corner but it might take time for the Buy formation to happen.
What a great way to start the month! comment below if you managed to capture the move...
USDMXN Fib retracement breakthrough. Where will it Stop?After watching it stall out at the 50.0 retracement line for three days and a confirmed breakthrough today, there is a considerable distance to go with this one. It is already on its way, but a Short time frame entrypoint will make all of the difference here. Looking at a 3 or 4:1RRR on this with no problems.
Good luck and Please let me know any thoughts.
( Just an idea. Go read the News yourself :p )
USDMXN--Bigger Chat market View--Potential Sell MoveHy! Smart Trader, Welcome to My Analysis and forecasting Section on Trading view.
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Disclaimer:
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.this is not signal. it's my opinion. trade you own risk.
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USDNMXN JUNE 1-5FOLLOWING LAST WEEKS DOWNTREND
WAITING FOR RECTANGLE TO BREAK OUT OF CONSOLIDATION
4 HR FULL BEARISH CLOSURE BELOW 21.99646 CONSOLIDATION, ENTER SHORT
USDMXN heading to $20.00 in the mid termUSDMXN heading to $20.00 in the mid term
Buy for long term when Stochastics value hits between 10 and 7
Good luck !
USD/MXN2 opciones, ambas siguen mismo rumbo en el corto y medio plazo. Me gusta mas pensar que estamos en onda 5 que terminando 4 (por que en el largo plazo se alinea mejor).
Anyways, esperare un par de días para entrar largo.
I think the uncertainty is ending and USD going downAt least for now.
The "extreme uncertainty" is killing me.
Just have to be patient... I've been doing alot of research and posting alot on this site as well, kept me busy.
Am short on AUD crosses as well as the us dollar against "emerging" economies, not sure if this is the correct term.
Going to short short the SEK if it gets to where I want.
There is nothing really that good...
I hope this downwards drift is the start of something how can we go so long with just sideways?
When you'll just start considering buying at the lows and selling at the highs this is when it will break.
I wonder if retail traders with a 0,5 reward/risk ratio are now having the time of their lives?
If we can't make money for several months at least we'll have government free stuff anyway, but it's just boring.
I just hate those periods so much. Going to start really doing more long term operations and probably trade us stock options.
All that money in the us was not spent. I hope it gets spent soon. And they provide free healthcare and every thing.
I think I hope Bernie wins and starts all sorts of social programs. But the next president only arrives in so long. We need this before.
Why does the whole world have to be frozen because of the USA? More checks more free stuff come on speed up the collapse I have things to do!
And banks print print print with their new 0% reserve requirement. So if they could just spend asap, got to restart the economy.
This is not sure hence the uncertainty. We all know the spending will keep increasing and the usa will collapse so can they speed it up a little?
USDMXN at a crucial level: Are bulls getting ready ?USDMXN has reached the important Fibo Retracement of 50% at 22.20
And on the H4 chart, we can notice the divergence building on MACD histogram in the favor of Bulls.
In my opinion, the Bulls have to clear the following tests to take control:
1. At least a close above 23.26
2. Along with the break of the falling trendline
Volume punched.I'm sure, the green candle we just saw, is a pump, on twitter the hashtag "dollar" became a trend in Mexico. + the publication of banxico on your twitter account this favored the price to increase.
let's see the green volume is as high as the previous candles. and the price fell again i'm sure this pattern will repeat itself.
At last we are one step away from breaking the last support. For the price to fall in free fall.
USDMXN Long IdeaHello everyone, this week our scaling in trades did not work out. However no need to get discouraged because there is still plenty of money to be made.
From a Weekly perspective the market created a nice M formation and is near the Weekly resistance level from Jan 2017
Also we have beautiful confluence of the fibonacci 0.50 and 0.618 levels.
Our target is the neckline of the M formation which is around the 23.3 Level.
Take care and good luck
USDMXN: TP2 is coming, I'm up more than 18,000pips!USDMXN is my biggest win since March. In March I made more than 50,000pips (BUY). last week(SELL) the market hit my TP1 with a 200% return on my account and T2 is underway, as of now I'm up 18,000pips for TP2. checkout my previous analysis for a better understanding on my USDMXN positions.
