Get started

USDMXN

USDMXN Confirming our long-term pattern. Strong Buy now!The USDMXN pair largely confirmed our last buy signal almost 2 months ago as after it hit its first Support level, it rebounded aggressively to its Lower Highs trend-lines, as shown on the chart below: We made this accurate projection based on the similarities with the April - June 2021 fractal. The correlation continues to hold as the price is now trading sideways near the Support level, having broken last Friday below its 1D MA50 (blue trend-line). As per the 2021 sequence, we can expect another month (roughly) of neutral/ sideways price action below the 1D MA200 (green trend-line), before the next strong rebound towards the Lower Highs trend-lines. Technically, this is another solid medium-term buy opportunity. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
3
When USD Hits Resistance, That's When USDMXN Will Breakdown In today's video I will look into a detail analysis of USDMXN, which is doing quite well compared to the strong USD Index. So my assumption is that when USd index will hit resistance, possibly after the 10 year US notes completed the current fifht wave up, the USDMXN can easily break through the support and will be targeting Feb 2020 pandemic low. Crude oil is also very important for the USDMNX. Price is higher for the last two weeks as the situation between Russia and Ukraine is getting worse. OPEC also decided in its first one-on-one meeting since 2020 to cut production by up to 2 million barrels per day from November. So it appears that EU will not have easy task to limit the energy prices. If you like this video, please leave me a comment below and press like. Thank you Grega
TVC:DXY
by ew-forecast
2
Crude Oil Can Be Turning Back To Bullish ModeCrude oil has been trading south for the last couple of months, but the price action is not so strongly bearish anymore and the wave structure is getting overlapped. It means that Crude oil is running out of steam within an ending diagonal (wedge) shape. Well, with current break out of that wedge pattern and with recovery above the upper ending diagonal line, seems like Crude oil found the support. However, from technical point of view keep in mind that bulls can be confirmed only above 97.50 region. One of the main reasons why Crude oil can be supportive is bearish USDMXN as they are in negative correlation. Looking at the USDMXN daily chart we can see it clearly bearish, currently finishing a big bearish triangle formation within wave B. So, it can send the price even lower within wave C towards February 2020 pandemic lows. Respecting the price action from technical point of view and wave structure from Elliott wave perspective, seems like USDMXN will face more weakness, while Crude oil may start recovering in an impulsive fashion. Happy trading!
TVC:USOILLong
by ew-forecast
4
USDMXN Consolidation until the next break upwards.The USDMXN pair has been one of the better range pairs to trade in the market throughout the past 2 years. At the moment it is consolidating within the 1D MA50 (blue trend-line) and the Higher Lows trend-line. The 1D MA200 (orange trend-line) is the last line of Resistance, on the Lower Highs (2) trend-line, before a jump to Lower Highs (1). The 19.800 symmetrical Support is holding and this resembles the April 20 - May 30 2021 fractal so far, which made an aggressive price jump when the 1D MA200 broke. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
2
USDMXN BUY - SMALL RISK / HUGE REWARDRisk-to-Reward: +4.43 USDMXN BUY @ 20.43925 Stop Loss: 20.31274 Take Profit: 21.00000 Use Risk To Reward For Risk Free Trade management ***I personally am trading a 100k account so I focus on 10 total Pairs excluding Crypto daily, risking .25% per trade position aiming for anywhere from 1%-3% gain.*** I am an institutional style trader and I go with the order flow of the market noticing price action more than anything and technicals are always last because throughout my 7+ year trading career I learned many styles and lost a lot of money chasing profits instead of understanding the psychology of trading and emotional intelligence it takes to not trade, but to make consistent profits and not risk my own hard earned money. Hope you take the advice and follow my trade ideas for more I cant post everything but my will be posting them on various platforms for before and afters. ***Correlates With USDZAR***
Long
by Mi3-Legacy-Wealth
USDMXN breaks bearish trendThe USD/MXN is attempting a breakout above 20.50, which will also see rates take out the bearish trend line that has been in place since last year. At the time of writing, it was doing a good job at that. A closing break would pave the way for more gains in this pair, and losses for the Mexican Peso. Emerging market currencies have been in the spotlight amid the Fed's aggressive hiking. There’s a risk that inflation in developed economies might prove to be more persistent – something the Fed highlighted the risk of at their last monetary policy sitting, judging from the minutes of that meeting released on Wednesday. If that's the case, more aggressive hikes could be on the way from the Fed and other developed economies, which should further reduce the appeal of EM currencies. Expect a summer of turmoil in EM space.
by FOREXcom
USDMXN | TCT16This is just my Analysis so please be responsible for your own trades. I am still a newbie, still in the learning process, and still not profitable Yet. I am not an expert or a financial adviser. I just started Forex last February 2022. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime. ALWAYS WAIT FOR ENTRY CONFIRMATIONS! FEEL FREE TO LEAVE A COMMENT USDMXN| TCT16 Thank You! ☕️ #thecoffeetrader #yourconfluencepartner #usdmxn
by thecoffeetraderofficial
2
Will the USDMXN run counter to general dollar strength?USDMXN made a rebound this week as the USD restarted its momentum to the upside. The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while avoiding recession and rising unemployment. Looking at the 4-hour chart, we can see that the USDMXN price is firmly in a consolidation zone between the 61.8% and 50.0% Fibonacci levels. While spending most of the past few days testing the 61.8% level, leading to an eventual strong rejection, the pair is now looking like it wants to test the 50.0% level, possibly forcing a downtrend. Look for a rejection of the 50.0% level, and the creation of a lower high on the downtrend. A breakthrough on its first real test of the 50.0% level would see an emboldened bearish trend encountering the strong 38.2% level. Overcoming the 38.2% level will be no small task for the pair but doing so would see the USDMXN confronting the strong demand zone at around 19.40 and 19.70. This is where you might expect a stubborn level of support, compelling a bounce back to the upside and the creation of the lower low. On the other hand, a break on the 61.8% Fibonacci level to the upside might continue the bullish rebound as viewed on the 4-hour timeframe. In this scenario, the pair might continue to the strong supply zone between 20.4 and 20.7.
by BlackBull_Markets
🔥USDMXN Buying Opportunity🔥Hello traders, how are you? Since last week I have been looking for a buying opportunity for the USDMXN pair, the price approached a very strong support, a support that has not been broken since the eighth of December 2020. There is also a divergence on the 4h frame for CMF, VWMACD and MOM , this gives a strong indication of the price reversal from the current price or from about 19.55. Of course, it is better for you to follow the price on Monday and decide to enter on Tuesday to see the price behavior, or you can enter from the current price with a SMALL lots and the consolidation will be from the price of 19.55. . . . ❤️ Please, support our work with like & comment! ❤️ . . . Important rules: 1: Use a small lot 2: Don't be greedy 3: Stick to the goals 4: Don't add deals to losing trades 5: Stick to your stop loss Good Luck To Everyone .
Long
by zaidhatem
USDMXN Higher returns on going long here.The USDMXN pair has been one of the most consistent buys in the forex market historically. In the last 6 years in particular there is a very clear Higher Lows trend-line that Supports the price and initiates major rallies when it is touched. The last contact with it was on May 30 and as expected, that caused a strong rebound. So far however it is contained within the Channel Down that started on the November 29 2021 High. As a result, our macro strategy on this pair is to either buy after the Lower Highs trend-line of the Channel Down breaks and set a target near the 1.0 Fibonacci level or buy near the 6 year Higher Lows trend-line again and target the Lower Highs of the Channel until it breaks. If the 6 year Higher Lows trend-line breaks though, take a sell towards the Lower Lows (bottom) trend-line of the Channel Down. Given however that the 1W RSI has its 4 year Support Zone where it just bounced last month, the chances for a bullish break-out are greater. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
1