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Usdmxnshort

USD/MXN Bank Robbery plan to steal the moneyHola ola My Dear, Robbers / Money Makers & Losers, This is our master plan to Heist USD/MXN Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss : Recent Swing Low using 2h timeframe Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
Long
by Thief_Trader
2
Fed vs. Banxico: USD/MXN forecast The US Federal Reserve (Fed) is set to announce its decision on Wednesday, followed by the Bank of Mexico (Banxico) on Thursday. Forecasts suggest that both central banks will maintain their current interest rates. Recent indications from Banxico suggest a leaning towards a more accommodative monetary policy. However, Deputy Governor Irene Espinosa has expressed reservations, highlighting the persistence and escalation of inflationary risks. Analyzing the USD/MXN chart reveals an upward momentum, with the pair converging between the 200-day Simple Moving Average (SMA) and the 50-day SMA at 17.40. The reclaiming of the psychological level of 17.50 could be a crucial factor in confirming this momentum. If the USD/MXN experiences a decline, the 100-day SMA may serve as a noteworthy level before reaching support at 17.00/05. Economists at Rabobank project USD/MXN to average around 17.20 in the next month. They expect the pair to trade around this level in early 2024 before potentially rising to the 17.80 region by the end of the first quarter.
by BlackBull_Markets
2
USDJPY 4H : Support further declineUSDJPY New forecast The USD/JPY pair was able to break the 148.89 level and hold below it, reinforcing expectations that the downward trend will continue effectively during the coming sessions, paving the way for achieving our main awaited target at 147.87 and 147.45. By closely looking at the chart, we find that the price is forming a double top pattern whose confirmation level is at 148.35, which means that exceeding this level will motivate the price to achieve additional negative goals that exceed the level mentioned above. so to confirm the bearish trend should stable below 148.35 . Therefore, we will continue to favor the bearish trend for the coming period unless the 149.24 level is breached and holds above it. The expect range trading for today it will between resistance line 149.24 and support line 148.35 . support line : 148.35 , 147.87 resistance line : 148.89 , 149.24 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
18
Why the Mexican Peso Surged Against the USD? On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. According to data from the US Labor Department, inflation in April decreased to 4.9%, which is the lowest year-over-year increase in two years and lower than market forecasts of 5%. The slower inflation was attributed to slower growth in food prices and a further decrease in energy costs. However, core inflation remained high at 5.5%, indicating that interest rates may need to stay high for some time to control it. Fed funds futures traders are anticipating a pause before expected rate cuts in September, which might be a little optimistic, as the Fed's target range remains at 5% to 5.25%. The Mexican peso gained strength to 17.544, its highest value since July 2017, as the difference between US and Mexican monetary policies became more pronounced. The RSI on the USDMXN suggests it is in an extreme oversold condition, so a pullback may be necessary. Resistance levels from 2017 for the pair may no longer be relevant, but the strongest value the peso reached in 2017 was $17.430, while the peak in 2016 was $17.050. For fundamental context, Banxico increased rates to an all-time high of 11.25% in March, despite a decrease in annual headline inflation that was greater than expected. Mexico's proximity to the US has also made it an attractive location for foreign companies to open factories targeting the American market and diversifying production from China. Additionally, the US economy's robust state has led to a rise in remittances to Mexico from expats.
by BlackBull_Markets
2
usdmxnLooking at usdmxn here i'm seeing a rejection formed with a Bearish OB on the Daily time frame. with Consolidating in a Triangle formation where price has finally broke and closed below this structure.formation At the same time we are breaking A major support area where we can see price continue to drop to the downside!! This is for information and demo purposes only! please feel free to comment below and let me know your feed back on this or any one of my trade ideas shared! Disclaimer - past profits don't guarantee future results, trading is risky and you can loose 100% of your account balance! Risk management is critical when you decide to trade in the forex markets
Short
by therealbinarymaster
USDMXN Short Swing Trade Set UpUSDMXN has broken the trendline on the weekly and monthly chart. Currently price is retesting the break. Looking for price action to show rejection to the downside in the sell zone for entries. 💰TRADE OPPORTUNITY💰 PAIR:USDNXN📉 SELL Entry Zone: Near 20.24000 Stop Loss: CLOSED 4HR candle Above 20.50000 Take Profit Zone: TP 1: 19.80, Swing target 19.00000 (Risk %: 1-3%) Risk/Reward:1:1.7, Swing 1:5 *Our services include products that are traded on margin and carry a risk of losses. The trades may not be suitable for all investors. Please ensure that you fully understand the risks involved. Trade at your own risk*
Short
by IvyLeagueTraders
USD/MXN: Lower Moves Now Must Test Important Support LevelsThe USD/MXN is near the 20.71000 level in early trading this morning as the Forex pair has continued to demonstrate an incremental ability to traverse lower. Speculators who have been pursuing selling positions of the USD/MXN since it hit apex highs of 22.15000 approximately on the 25th of November may think the Forex pair remains attractive from a bearish perspective. Support levels now in sight could prove to be important near term. Traders may have their eyes on the 20.65000 marks as a rather intriguing inflection point when long-term charts are glanced at based on the belief the USD/MXN may be slowly working its way back to a lower known range which was traded for much of 2021. However, traders may not want to get too optimistic quite yet. As the Christmas holiday gets ready to start, trading volumes will become quite thin and the lack of large transactions in Forex could cause the USD/MXN to stall. The trading to come may see volatile spikes in price up and down, but these will likely be demonstrated because of imbalanced positions which could make for choppy conditions which are often unpredictable. Day traders who want to participate with the USD/MXN are urged to use stop losses, which protect their positions against sudden fluctuations that can be dangerous when too much leverage is being used. The downward trend in the USD/MXN may also actually begin to experience a reaction if financial institutions believe the bearish trajectory within the pair has been too fast. Traders who continue to believe selling the USD/MXN is the right decision should monitor resistance levels near the 20.76000 to 20.79000 levels; if these are sustained this could prove important. Traders should not be overly ambitious within the USD/MXN in the coming days. Tight range trading should be expected with the very real potential for a sudden spike to take place periodically. Traders wagering on the USD/MXN should also use solid take profit orders to make sure if a sudden run in value occurs, that they can be cashed out and the profits accounted for within their accounts. Traders who believe the holiday season will provide an opportunity to simply take advantage of tight ranges which will develop in the coming days cannot be faulted. Mexican Peso Short-Term Outlook Current Resistance: 20.79800 Current Support: 20.68000 High Target: 20.89700 Low Target: 20.47000
Short
by SmoothJB