Get started

USDMXN

USDMXN: 25,000+pips Potential SELL???"Mexican President Andres Manuel Lopez Obrador said on Friday he aims to present plans next week to reopen the economy, as key sectors like carmaking look to begin business again after over a month of quarantine measures to curb the coronavirus outbreak"@Reuters. Mexico is planning to announce the plan on Wednesday or Thursday. I managed to capture more than 50,000pips in March alone with more than 1000% profit! If the announcement on Wed/Thurs suggests the economy will reopen soon, then this will be a great SELL opportunity as MXN will get some strength. USDMXN could potentially see '21.0000' price point! that's more than 25,000pips SELL potential! I will be waiting for the announcement and place my trade accordingly!!
Short
by UnknownUnicorn4020772
2
El peso mexicano buscando regresar a la parte baja We place two blue lines on the 4-hour chart starting at the highest high and lowest low, tracking the price congestion in the Mexican peso with lower highs and higher lows. The upward attempts at the Mexican peso moved further and further away from the upper line, while the lower ones struggled with the lower line until beating it on the third attempt at the end of the week with a greater appetite for risk and the increasing possibilities of negative rates in dollars to revive the economy. Now we must see in the daily analysis the Bollinger bands with 24.97 as the upper part and 23.35 as the lower range, with the average at 24.15. The 23.30 zone already worked as a support from April 9 to 14, so the probabilities of retesting it are higher now that the peso shows a downward trend, and in case of extension it could look for the previous low of 22.85. A return above the uptrend trend line around 23.90 could defuse the downside and seek 24.15 as a midpoint. With these signals we would seek to enter long if the price maintains 23.35 and shows regression, with stop loss at the previous maximum of 22.85 looking for a first objective of 24.50 where the previous rise was limited, and a secondary objective at 24.95 depending on the factors that cause the momentum, adjusting the stop according to the ATR as it approaches the first objectives. This is due to the fact that at the moment the probabilities of seeking recovery below 22.85 are very low due to the internal factors of Mexico given its low fiscal margin and its own affectation due to the pandemic. Remembering that the prices above 25.00 already discounted the worst, and at the time that expectations are becoming realities, decision-making becomes more informed and the attractiveness of the yields in Mexican currencies with the proper coverage increases the demand for the peso, so the objectives have to be moderate and stop thinking for the moment in the 27.00 goal. ------- Trazamos dos líneas azules en la gráfica de 4 horas con inicio en el máximo mayor y el menor mínimo., tratando de ver una compresión de fuerza en el peso mexicano con máximos cada vez menores y mínimos cada vez mayores. Los intentos al alza del peso mexicano se alejaban cada vez más de la línea superior, mientras que las bajas lucharon con la línea inferior hasta vencerla al tercer intento al cierre de la semana con un mayor apetito al riesgo y las posibilidades cada vez mayores de tasas cero o negativas en dólares para reactivar la economía. Ahora tenemos que ver en el análisis diario las bandas Bollinger nos dan el 24.97 como parte superior y el 23.35 como rango inferior, con la media en 24.15. La zona de los 23.30 ya funcionó como soporte del 9 al 14 de abril, por lo que las probabilidades de volver a probarla son mayores ahora que el peso muestra tendencia de baja, y en caso de extensión pudiera buscar el mínimo previo del 22.85. Un regreso por arriba de la línea de tendencia de alza alrededor del 23.90 pudiera desactivar la baja e ir a buscar el 24.15 como punto medio. Con estas señales buscaríamos entrar largos si el precio mantiene el 23.35 y muestra regresión, con stop loss en el máximo previo de 22.85 buscando un primer objetivo del 24.50 en donde se limitó el alza previa, y un objetivo secundario en el 24.95 dependiendo los factores que provoquen el impulso, ajustando el stop segun los ATR confome vaya acercando a los primeros objetivos. Esto debido a que por el momento las probabilidades de buscar recuperación por debajo del 22.85 son muy pocas debido a los factores internos de México dado su poco margen fiscal y afectacion propia por la pandemia. Recordando que las cotizaciones arriba del 25.00 ya descontaban lo peor, y al momento de que las expectativas van convirtiéndose en realidades, la toma de decisiones se vuelve mas informada y el atractivo de los rendimientos en monedas mexicanas con las debidas coberturas incrementa la demanda del peso, por lo que los objetivos tienen que ser moderados y dejar de pensar por lo pronto en los 27.00
Long
by hzepedajr
Next week for the USDMXN H4We continue to notice higher lows and lower highs, the medium-term trend is still on the upside fundamentally, but a break of the lower blue lines may lead to 22.80. I think it may correct to one of the bottom two blue lines again next week and I see a good long opportunity when the blue lines coincide with the .236 regression formed from 25.28 to 23.63 downtrend which is 24.02, there it is to take longs and wait to break the top blue line above 25.00 with Stop just below the previous low at 23.60. Long at 24.00 / 24.05, Stop 23.60, TP1 25.50, TP2 26.65 Adjust Stop to cost if 24.26 is sustained, sell half at 25.50 and let the rest run to 26.65 with a stop at 25.00, take profit at 24.60 if it fails to break the second blue line around 24.80 and wait for the next opportunity. The MA200 is crossing the Bolinger mid-line at 24.15, where we could look for a first entry in longs if the price shows no strength to look for 24.00 Like if you agree, and comment if you think we should go long in another level like 24.25/24.50 or we short at the opening price. Escenario para la próxima semana. Seguimos notando mínimos cada vez mayores y máximos menores, la tendencia a mediano plazo sigue siendo al alza, pero una ruptura de las líneas inferiores azules nos puede llevar a buscar el 22.80. A mi gusto puede corregir de nuevo a una de las dos líneas azules inferiores la próxima semana cuando estas coincidan con el .236 de regresión que formó la baja de 25.28 a 23.63 y que marca el 24.02, ahí es para tomar largos y esperar para romper la línea superior azul arriba del 25.00 con Stop justo debajo del mínimo previo en 23.60. Largo en 24.00 / 24.05, Stop 23.60, TP1 25.50, TP2 26.65 Ajustar Stop al costo si se sostiene el 24.26, vender mitad al 25.50 y dejar correr el resto a 26.65 con stop al 25.00, toma de utilidades al 24.60 si falla en romper la segunda línea azul alrededor del 24.80 y esperar para posicionarse de nuevo. El MA200 está cruzando con la línea media de Bolinger en 24.15, en donde pudiéramos buscar una primera entrada en largos si el precio no muestra fuerza para buscar el 24.00
Long
by hzepedajr
USD/MXN Possible ShortUSD/MXN Multiple Time Frame Technical Analysis: Forecast Scenario: 1- If the Price Completed the Retest of the 25.40 (- Resistance Level -) and broke below. 2- If the Price broke below from the current point 25.20 (- Major Support Level -) with a retest. -- The Price is supposed to hit the Target Level 1 within the range of 24.50 -- (-- Normal Risk --) -- The Price is supposed to hit the Target Level 2 within the range of 24.00 -- (-- Normal Risk --) Important Observation: The USD is on the rise in most of the Commodity Pairs which may result in a possible stall at the high level of 24.50 and even a failure of confirmation. Trade Wisely Note: - These Forecasts are Observational Forecasts, and should not be used in applying any trading strategies. - No Hedge Funds Analysis were included in the analysis. (-- Please Consider --)
Short
by MohamedYAbdelaziz
USDMXN 1D TRIANGLE BREAKOUTTriangles are repeatable trading chart patterns. Triangles are consolidation chart patterns that can breakout either direction. Each chart pattern will have defining trendlines of the support/resistance levels creating the pattern. What ever time frame you are trading this chart pattern, wait for a candle close outside of the trendline in the direction of the breakout candle. (Our time frame preference is the Daily chart). Add volume indicator - Volume is the amount of $ that went into a particular candle or in Forex the # of trades that took place. Add ATR indicator - Volatility is the amount of price movement that occurred. Use the ATR to measure the price movement. When you see descending Volume bars and descending ATR line (which indicates volatility) this shows a dis-interest in traders to invest in this pair creating consolidation which creates the chart pattern. Trade Management after there is a breakout candle close. 1 - Position size (compare volume bar to volume ma line). a - Breakout candle must be 100% of average volume for a full position size. b - If 75% of average volume then ½ position size. (To find 75% of Volume look at the charts volume settings – divide smaller # into larger # = 75%+) 2 - Enter two trades. 3 - SL for both trades will be 1.5 x ATR. 4 - 1st trade TP will be 1 x ATR. 5 - No TP on 2nd trade – letting profit run and adjusting SL to follow price. 6 - When 1st TP hit – move 2nd trade SL to breakeven. 7 - Adjust the 2nd trade SL to follow price. *8 – After Breakout candle – if price closes back into chart pattern close trade *9 - When breakout candle is more than 1 ATR from breakout candle open. a - Enter 1st trade at candle close with ½ position size. b - Enter 2nd trade with a pending limit order that is 1 ATR of breakout candle open. c – Price should pullback to that pending limit order for 2nd trade. d – If Price returns back into chart pattern close trade before SL is hit.
by Tradingstrategyguides
4
USDMXN : Things to KnowPredicting an actual target after a move like that is almost impossible. This pattern is highly likely to produce a continuation of the price action leading up into it; it’s a classic triangle. This fact we have just examined, in a normal situation would be enough to say easily, well now is another time to long, on a breakout play. The triangle appears most valid on the daily; as although the wick violates the triangle, the reaction is quite violent; The triangle at this point is in the final stages of completion. A breakout or breakdown is to be expected before April is over. The strength behind the US Dollar is largely panic driven and therefore extremely prone to a hard fall All markets clearly aware some type of tomfoolery is going on; at some level. Caution is to be taken with MXN. It ranges hard on the daily. Good luck.
Long
by vox-populi
2