Usdmxnshort
USDMXN: bearish rising wedge crushing down soon! Sell Now! Huge sell opportunity. This one alone can make your monthly P&L. Manage risk properly
UsdMxnThe price reached a resistance zone at 20.66250, went down and again returned to this zone. A rise in the weekly chart, however the macro trend is downward. I expect a drop at 19.58.482, then 19.04460 and finally a TP at 18.55124.
We meet againLast week I attempted to short the usd/mxn and it didn't work out to say the least. This week I am back for more. The trend is still bearish and we are still below the midpoint of the range (rectangle). Selling here or higher with a stop above todays high at 20.4000. Hopefully the spike up marked the top and there will be continuation to the downside over the coming days and weeks. Ideally I would love to see the pair revisit the lows near 19.5000
Is USDMXN heading to $19.50 ??? After observing price is finding resistance at $20.00, and Stochastic indicator is at a level of 92 (pverbought), price might move downward to a lower low, probably $19.50
I am personally entering a short position
STOP LOSS $20.02
TARGET 1: $19.70
TARGET 2: $19.60
TARGET 3: $19.50
Not financial advice, do your own research...
USD/MXN & USD/ZAR - Short Sell Trend Analysis In this video, we look at the U.S Dollar's current strength against the Mexican peso and South African Rand being caused by rising U.S Government 10 Year Bond Yields.
The trends remain firmly in play for more dollar weakness, and potentially additional selling opportunities for both currency pairs.
USDMXN, USD remain weaker against Mexican PesoAccording to 28th USA opening session, USD is encountered as bearish and in upcoming trading sessions we expect that USD will remain weaker against Mexican Peso.
Meanwhile if we see the the graph technically, the price is rejected from a resistance which shows the negative pressure valid.
If you like this idea like and do comment if you have any query.
USDMXN Carry Trade Positive Swap for shortsKeep a look out here, Would prefer a higher pullback into Supply Zone
USD/MXN SELL We continue to see the U.S Dollar weaken against the Mexican peso.
The interest rate differential makes the Mexican peso an attractive buy and we look at this in more detail.
We use one-month ATR to set our stop loss and take profit targets.
USDMXN NEXT POSSIBLE MOVEAll the entries should be applied if all the rules of trade are applied
comment us for detail view and understanding
USDMXN SHORTMy analysis is a simple levels and trend. As the price is going down it has respected every level so far and it should continue down doing so.
