USDMXN (PESO) 04.14.19 Wait for the market to come to you. Don't play yourself, play the game. Let the banks show you the real direction.
USDMXN
USDMXN INTRADAY - Bearish ContinuationPrice action calls for bearish continuation towards support.
Bearish intraday bias.
USDMXN leads USD devaluationI like to plot USDXXX and XXXUSD against DXY or Equally Weighted USD Indices like the EWI I prefer because then you can tell if the USD is devaluing faster than the other currency of the named pair, in this case MXN.
First thing I notice is the strong correlation. Even though quoted in USD a pair does not have to correlate that strong if the other currency is volatile as well.
I have added a correlation coefficient (cc) indicator below the chart. Above zero means positive correlation. You can also tell from the cc indicator that USDMXN and DXY correlate positive most of the time, also called strong positive correlation.
There is even some divergence between the two charts, as indicated by the disjointed angle drawing.
Concluding that it is expected USDMXN to drop more than DXY, which I have indicated with the darker red arrow.
General disclaimer applies....
USDMXN Reversal Trading a contraction leading to a double bottom.
DXY showing a reversal of the USD, which means that it will gain. Easy pips!
USD/MXN LONG SWING TRADE 600+ PIPS POTENTIALIf USDMXN to bounces off of either of the trendline we could be looking at 600-2000 pips on this trade. However, we must wait for confirmations to be met before going in. I need the 2hr Downtrend to be broken + a 4hr/Daily reversal to form before going long.
USD MXN BUY (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
USDMXN: Is There Someone Who Knows The Value ?Hey everyone!
I hope it was a great sunny weekend for everyone of you guys. Here in Germany it was beautiful, like this setup we are looking at. Found it during my weekend trading routine. USDMXN looks super clean from now as there was bullish momentum during the last week. Forming a peak high formation now with a divergence on the RSI could indicate another bearish momentum as before. The 0.786 fibonacci level, which is not that strong by the way, was also not broken strong. This will be the first trade of next week i think. Sad It is so exotic, because i do not even know how to count the pip value of this pair haha. If you know please let me know in the comment section. See you guys next time hopefully with another video analysis from my side!
USDMXN Analysis Potential Short & Long PositionGood Evening Traders, #ForexFargo checking in!
Today our analysis is on USDMXN.
Please bare with me as I have never looked at this pair and this is my first analysis.
The overall trend is Bullish indicating strong momentum.
Price has rallied from Monthly Support Level @ 19.0000 to our Market Structure Level @ 19.35000. 350 Pips!
Weekly Resistance Level is set @ 19.50000.
Weekly Support Level is set @ 19.10000.
Please refer to chart for detailed descriptions on Short & Long Positions.
Happy Trading as always!
Yearly lows set in place for USDMXNHere we can look from a bird's eye view and see that this is likely still a large triangle taking place.
We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53.
The likelihood of a base forming will increase if we trade above resistance at 19.20, this will give confidence and unlock 19.47 and 20.4 for initial targets in the triangle.
A very interesting cross to track over the coming Months and Quarters. Best of luck all trading it live.
USDMXN shortWill previous resistance become support ? or are we gonna see 61 lvl becoming a resistance ? Or will it go even further up ?
Posting this only to follow my ideas, I'm currently not trading.
GL
USDMXN 1:3 Risk Reward ShortUSD Short bias
- quant score = -3 (-10 shift)
MXN Long Bias
- quant score = +39 (+22 shift)
TA
- Short momentum, low breaks
USD/MXN Buy Hi All ,
I'm Adding to my buy position on this pair .
After the H&S move , we can see prices have formed a bullish momentum & friday close was a bullish candle , I expect more move this week . SL to Entry as always.
Many Thanks.
Fundies Show Weakness, Technicals Show OversoldTo be brief, Mexican growth is slowing with prospects for the G20 economy to slow further. Technicals oscillators shown below indicate a buy as well. This buy is a bit crowded however, so I wouldn't be surprised if the contrarian sell comes in strong. But I lean long.
If you like my analysis, please feel free to check out my other work at www.anthonylaurence.wordpress.com
USDMXN Bullish pressure to continueAfter a pullback the potential continuation of a bullish cycle developing with the hidden divergence confirmed the next levels are 19.60 and 19.80
USDMXN: Long term Buy opportunity.The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000.
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