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USDMXN

USDMXN - Descending TriangleHi everyone, After the market rallied during the last week in favor of the US dollar , we sold off later in the day making the chart bearish in the short run. It seems we are forming a descending triangle . We could go to 18.75 soon, and that could be a break to 18.50, especially if oil price don't fall. On the other hand, if we go bullish , I expect the prices to go to 19.19 and then to 19.50. However, as I mentioned, I am more in favor of a downside.
Short
by Joel_Ochoa
USDMXN: Happy Easter! Hey everyone first i want to wish everyone and their family a great easter weekend! We are looking at the USDMXN pair a second time after we were anticipating a great short from the last idea. I will link it below. We clearly see that the bearish trend line is broken and retested on the 1h timeframe. The red horizontal line is a key support level, where price did change before. Divergence is also in play around this area. We are looking for long in this area only and aiming for the last highs at least. I will keep you guys updated and have a great trading week!
Long
by darian_fx
Equal lows on USDMXN asking to be taken out waiting for comfWe just tested the daily breaker and liq void got filled where USDMXN is now rejecting from. You could short it here but i prefer some more confirmation so i would like the 4h orderblock to be broken wich will then become a breaker and i will short the retest off that breaker into the equal lows. Those lows are just to juicy not to be taken as many people their stops our right under there. This is as nice as setups like this get imo.
Short
by Civel
COTD - 23/04 USDMXNToday we are revisiting the USDMXN Daily chart, in a previous COTD back in February we looked at the Daily price action and what was a potential shorter-term set up (take a look here. The Shorter-term set-up didn't pan out on the back of a weaker dollar and more exotic shift on the back of this. But as the Dollar films a little bit we are going to revisit as the longer-term set up still stands. Taking a look at the chart we can see the price is still very much contained between the two trendlines, the one we are more focused on currently is supporting bullish trendline. As we can see currently, the price is sitting on top of this particular trend line and it looks like we finding some support here, especially as the Dollar Index ticks higher. Something else of note is the Analyst forecasts for the USDMXN rate throughout 2019. With on average, Analysts forecasting the USDMXN to end the second quarter of 2019 at $19.24 and then on to $19.47 at the end of the third quarter. FX:USDMXN
Long
by Alex_GoMarkets
USD/MXN (Bullishness shall come in Soon)Updated View On USD/MXN (16 Apr 2019) Back Ground: Hola. We are seeing a potential further Bullishness on this pair USD/MXN as MXN shall soon start to weaken. It is lil too early to tell so. I see the level such as 18.4 is a potential swing entry. Target(s): UP 19.1 (TP1), 19.3 (TP2) SHTF: 18 will be a good support region. DYODD, Our trade analysis may not suitable to intraday (or) short time frame trading. Whatever method you use if you do not follow the proper rule of risk management, it will have detrimental effects on your account. Feel Free to "Follow", press "LIKE" "Comment". Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
by SonicDeejay