USDMXN
USDMXN SHORTS FROM KEY ZONEUSDMXN has been on our list for a while now looking for the high probability short trade from the key resistance of 20.9000.
With the recent uptrend forming here we can see the Fibonacci extension 127.2 sits just under the key resistance zone using the current impulse leg.
This area will likely see sellers re-enter the market as it shows the market could be over-extended at this level.
USD/MXN short opportunityHi fellows,
There is an excellent R:R short opportunity on this trade. Price may retest prior week's high so be cautious when opening a position.
USDMXN BUY (US DOLLAR – MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
USDMXN looking for downside.All eyes are on this pair for potential short. Please use correct MM and strategy.
USD/MNX Short IdeaBank increase of rates would cause the peso to strengthen against the dollar. Price is also flirting around a key level for this pair. Possible head and shoulders. For educational and demonstration purposes only.
USDMXN H1 RISE AND DROPWhen taking signals:
- Feel Free to take profits when you happy.
- Trade With Care.
- Trade With Only Capital You Can Afford To Loose.
- These Are Suggestions Only.
- These Are For Educational Purposes Only.
- Please Factor Spread Into Account For Stop Loss.
We are not held responsible or liable if there is a loss of capital.
Divergence in USDMXN may be the start of a downtrendUSDMXN is showing weakness and also calling for the end of the move up. besides that channel is also forming a wedge where I expect a move down to 19-18.5 and then a re-test of the lower support.
As I always say, let's check for confirmation before entering a short, I may enter a position next Monday.
USDMXN BAT PATTERN EN FORMACIÓN2 POSIBILIDADES,(1) COMPLETA EL PATRÓN ÁRMONICO, CHOCA CON LA ZONA DE RESISTENCIA VISTA EN DAILY TOMÁNDOLA COMO TECHO Y EL PRECIO COMIENZA A CAER, Ó (2) ROMPE LA ZONA DE RESISTENCIA, INVALIDA EL PATRÓN Y POSTERIORMENTE RETESTEA LA ZONA DE RESISTENCIA COMO UN PISO PARA DESPÚES CONTINUAR SUBIENDO.
Targets to watch in USD/MXN This a trend analysis on USD/MXN.
Our first indicator on an uptrend comes from the golden cross on October 26, 50 MA crossed the 100 MA. Last two times it happened we saw important increases which should mean midterm profit.
Both the stochastic and RSI are pointing up, but buyers are getting tired, so my entry point should be between 19.43-19.83 with a definitive support at the 0.382 level, do not buy if it goes below this level as this may indicate a trend reversal.
The profit targets are also important as I believe we might have a definitive rejection at the 1 line so plan your locking of profits accordingly.
Also and pretty important, the new Mexican president is being sweared in on December 1st, 2018. Being that this individual is a very controversial person, we might see an important USD take over the MXN which might trigger higher levels of profit above the 20.80 price. Be watchful.
Please, please, please comminity, can I have some feedback on this analysis? I believe that there will be a hell ton of money to make if you open a position and hold it till a bit after December 1st.
Mexican peso back to green.The Mexican peso seems to be recovering and although it is important to see how it reacts to the supports, everything indicates that it will remain positive until the end of December.
It is important that I keep an eye on the news and reactions to the new president, but in general the analysis gives enough information to be reliable.
Follow you own plan.
Best wishes all.
HEAD AND SHOULDERS COMPLETION ON USDMXNWe have been monitoring USDMXN for a potential short opportunity as the USD looks to be failing to move higher.
We have seen price move higher as of late due to the increase of interest rates in the US however we are now at a key resistance zone.
Looking at price it printed a head and shoulders pattern at the key resistance potential showing further downside to come.
If we see the market pullback into the neckline we could look for bearish price action to short down into the key support of 19.6000.
USD/MXN 1H Chart: Medium-term channel in sightThe US Dollar has been appreciating against the Mexican Peso since the middle of October when the currency pair reversed from the lower boundary of a medium-term ascending channel near 18.75.
As apparent on the chart, the rate is testing the upper channel line located near 20.10. It is most likely that a breakout from given channel occurs in the nearest future. A potential upside target is the monthly R3 at 20.41.
Meanwhile, technical indicators demonstrate that there is still some downside potential in the market before bulls are able to prevail in the market again.
