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Usdmxnlong

Analysis of USDMXN 10.10.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 19.4900 • Take Profit Level: 19.3600 (1300 pips) If the price rebound from support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 19.6400 • Take Profit Level: 19.7000 (600 pips) USDCHF A possible short position in the breakdown of the level 0.9910 USDJPY A possible short position in the breakdown of the level 107.30 EURUSD A possible long position at the breakout of the level 1.1020 GBPUSD A possible short position in the breakdown of the level 1.2190
by PaxForex
USDMXN Fundamental Analysis – October 9th 2019Here are the key factors to keep in mind today for US Dollar trades: US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M. US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by 0.4% monthly. Forex traders can compare this to previous US Wholesale Inventories for August which increased by 0.4% monthly. US Wholesale Trade Sales for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Trade Sales for July which increased by 0.3% monthly. FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments. Here is the key factor to keep in mind today for Mexican Peso trades: Mexican CPI: The Mexican CPI for September is predicted to increase by 0.25% monthly and by 2.99% annualized. Forex traders can compare this to the Mexican CPI for August which was reported flat at 0.00% monthly and which increased by 3.16% annualized. The Mexican Core CPI for September is predicted to increase by 0.29% monthly. Forex traders can compare this to the Mexican Core CPI for August which increased by 0.20% monthly. The Mexican Bi-Weekly CPI for the week ending September 30th is predicted to increase by 0.10% monthly and by 2.98% annualized. Forex traders can compare this to the Mexican Bi-Weekly CPI for the week ending September 16th which increased by 0.17% monthly and by 2.99% annualized. The Mexican Bi-Weekly Core CPI for the week ending September 30th is predicted to increase by 0.09% monthly. Forex traders can compare this to the Mexican Bi-Weekly Core CPI for the week ending September 16th which increased by 0.19% monthly. Should price action for the USDMXN remain inside the or breakdown below the 19.5050 to 19.6530 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 19.6050 Take Profit Zone: 19.1900 – 19.3185 Stop Loss Level: 19.7425 Should price action for the USDMXN breakout above 19.6530 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 19.7425 Take Profit Zone: 19.9890 – 20.2545 Stop Loss Level: 19.6530 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. There are many different forex trading strategies available, but did you know that with all of them you will earn more pips per trade at PaxForex? Sign-up now and find out for yourself!
by PaxForex
USDMXN forming bullish CRAB | A good long opportunity aheadPriceline of US Dollar / Mexican Peso Forex pair is forming a bullish CRAB pattern and soon it will be entered in potential reversal zone insha Allah. Volume profile of complete pattern is showing less interest of traders here RSI is oversold But MACD is strong bearish and Stochastic is oversold but did not give any bull cross sofar, so I would suggest when the price action will be entered in PRZ area then wait for MACD to turn weak bearish or for stochastic bull cross then buy. I have used Fibonacci sequence to set the targets: Buy between: 19.47392 to 19.25942 Sell between: 19.64064 to 20.04382 Regards, Atif Akbar (moon333)
Long
by moon333
USD/MXN For Long PossibilityThis idea is for educational and demonstration purposes and does not constitute a signal. Does history repeat itself? You will see that I modeled previous price action as noted to current price action. Underlying fundamentals at play, to keep in mind are the weakening of the Mexico economy. Market structure mimics broadening wedge. Note also 9 and 50 EMAs which have crossed to the upside to indicate we are not quite over with the buy. Fib levels point to previous highs in the market. Trade at your own risk.
Long
by mrsceleste
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