an other GREAT! now setting a new long opportunityopening long position in 20.12 & 20.08 Key hold levels are: 20.14 20.06 Fake break or fake test is why long positions are around these levels. Expecting 20.40 for next move up Testing below 20 means review strategy and possible taking lossLongby jasperpf2
Possible Cup and Handle Pattern Target $20.85Possible Cup and Handle Pattern Target $20.85Longby renemtz1
USDMXN: BEARISH STEAM OUT??Hello Traders; Here's my view on what I hope to see on the charts of USD/MXN... Price gets to my Weekly BERISH support trendline. IF we get a BULLISH break through BULLISH RESISTANCE(indicated by the GREEN ARROW), THEN WE LOOK TO KEEP GOING long UNTIL WE HIT OUR FIRST TP area(21.97723). If you find this helpful, help support with a like and comment. Don't forget to subscribe so you never miss a thing. Thanks Guys.Longby Wealth_Comanche331
EM Currencies vs. SPXTrying to assess risk aversion by plotting SPX - EM currencies (TRY MXN RUB) & DXYby TheMarketDog20
USDMXNEn México probablemente vayan a tener que seguir bajando tasas para poder recuperarse. Estados Unidos siempre se adelanta, y el dólar es el dólar. Seguramente saldrá del rango en el que se encuentra actualmente y romperá hacia arriba. PD . Solo una opinión, opere con cuidado e investigue, no se emocione ni se deprima demasiado, manténgase tranquilo. Edúcate tu mismo. Somos nuestros propios dueños de nuestros oficios. ¡Lo mejor de lo mejor! :) Un LIKE sería muy apreciado. ¡Gracias por adelantado!Longby RobertusUpdated 226
Possible move to the down side H4 SwingWaiting for bearish candle to print for entry confirmationShortby Tiroyamodimo0
LONG POSITIONThe bias in the USD/MXN still favors the upside, despite the recent correction. USD/MXN is trading modestly higher on Wednesday, after retreating for two days. Price held above the 20.00 area, keeping a bullish bias in the short-term. Another test of the 20.45/50 area seems probable (downtrend line/ 100-day simple moving average). The positive bias has a critical support at 19.95/20.00, the convergence of the 20 and 55-day moving averages. A decline below would point to the resumption of the long-term bearish trend, now being challenged. The RSI continues to back away from 70, starting to leave room for another run higher. Above 20.30, the greenback should gain momentum to extend the upside. Resistance levels above 20.45 emerge at 20.60 and 20.80.Longby AFFINITY_MARKETS2
USD/MXNPennants are the most effective formation that almost, %95 of the time will work. Go bearish on this pair as on daily chart Pennant is broken. Shortby Ha-Lion0
USDMXN - IN A RANGEPOSSIBLE COULD SEE RETESTING 20.20 S AREA AND THEN BACK CLOSE TO 20 S LOWS ... MUCH WILL DEPENDS ON THE RISK MOODE OF THE MARKETS ..SPECIALLY THE S&P AND DXY GOOD LUCKby binncho1
Mexican peso loses ground against recovering dollarWith the President of Mexico Andres Manuel Lopez Obrador testing positive for Covid and a delay on stimulus deals in the us push US dollar higher. also federal reserve spokesman Jerome Powell mentioned how they will do anything necessary to keep the US DOLLAR the reserve currency of the world. if the US dollar continues to gain momentum we can possibly see a jump to 21.00-21.50 or on the downside push to retest support at 20.00-19.80by Ruli16901
This could go either way Looking at past head and shoulders we looking at a possible bullish trend to get back to it high in September we hit a new low last week but this could be a fake out and give us a new high for it as well I would sell till i get a good buy entry by Jspice110
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. Shortby WVAnalyticsFX4