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U.S. Dollar / Mexican Peso

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USDMXN trade ideas

USD/MXN: Trump fears meet Banxico decision The USD/MXN should be an interesting pair to watch in the coming days. October’s headline inflation in Mexico ticked up after two months of declines, yet analysts expect Banxico to proceed with a 25-basis-point rate cut this week regardless. Last week’s volatile trading saw USD/MXN reach 20.80, as markets reacted to concerns over a second Trump presidency. His protectionist and immigration policies would place pressure on the peso. However, for now, the pair’s uptrend may face hurdles. USD/MXN climbed to an intraday high of 20.57, but bullish momentum failed to break the year-to-date peak of 20.80, signaling possible resistance ahead.
by BlackBull_Markets
USDMXN POSSIBLE SHORT TRADE IDEAOn the monthly charts, we have a bullish trend that has been flipped. A change of character on the monthly chart indicates bearish orderflow setting. Currently, the dollar is gaining strength against major pairs, the Peso is no exception. The bullish resurgence of the dollar against the Peso seems to target price imbalance ranging between 21 to 24. Once these price imbalance has been removed, we are likely to see bearish sentiment setting in, possibly early 2025, targeting new lows.
by morrisgitau
USDMXN - Trump Sleeper Trade (100k+ Trade) With Trump projected to claim the White House after preliminary votes are in, all eyes turn to Mexico. Trump has been an outspoken opponent of the "Border Crisis" and the loss of jobs to nearshored workers. Trump has threatened Mexico with tariffs on both fronts and is projected to have the House and Senate's support when proposing ballots. Expect many Republican States to issue strong punitive measures AGAINST Mexico. I expect the Peso to weaken to historic lows during this presidency. Target is 32, but could be more or less. This is made BEFORE Trump has taken office or made any decisions, however, Mexican Peso will still weaken until clarity is provided on why it shouldn't. FOREXCOM:USDMXN Potential rate cut on 11/7, but this should be a minor event in comparison to the implications of a Trump Presidency.
Long
by dsmall
1
The Mexican Peso Reborn: A Respite in the Storm Friday was an exciting day for the Mexican peso! The local currency recovered ground after a month full of ups and downs, closing the day at $20.109 MXN per dollar. This advance was driven by a weakened dollar, which lost strength against the world's major currencies. Compared to the previous close of $20.695, the peso gained 15.86 cents, which translates into a 0.79% improvement. Throughout the day, the exchange rate oscillated between $20.890 and a surprising low of $19.9851. These movements reflect the volatility of the market, but the dollar was not the only one to feel the pressure; the Dollar Index was also affected, falling 0.09% to 103.90 points. This dynamic allowed the Mexican peso to breathe a little easier in the midst of the economic storm. However, not everything is rosy. Despite the recovery, the peso closed October with a significant accumulated drop. Economic and political uncertainty in Mexico continues to worry investors, while inflation and interest rate decisions are still up in the air. Still, the peso's resurgence in this context reminds us that there are always opportunities even in the most turbulent times. In conclusion, Friday left us with a sense of hope. Although the peso is still navigating turbulent waters, its ability to react to a weak dollar suggests that investors are still looking for opportunities. The road to stability will not be easy, but the Mexican peso has shown that it can fight. Ion Jauregui –ActivTrades Analyst ******************************************************************************************* The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication. All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information. Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
Long
by ActivTrades
USDMXN targeting 23.00 at least.The USDMXN pair has made a monumental long-term bullish break-out as not only did it recover its 1M MA50 (blue trend-line) in August but has also managed to close the last two 1M candles above it. As you can see on this multi-decade chart, every time the pair broke above the 1M MA50, it rallied by at least +19.10%. At the same time, it is coming off the lowest ever 1M MACD Bullish Cross, while the price rebounded exactly on the 1M MA200 (orange trend-line). As a result, our new long-term Target is 23.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Kamala Harris may win the presidential election - My predictionAfter a decade of trading and studying market patterns, I've noticed trends that have taken years to decipher, and I’m still refining my understanding. I’ve conducted extensive back-testing over the years, and I have yet to see this pattern fail to hit its targets. Based on my observations, there are two key levels likely to be reached. The first target, around 18.27, could be achieved if Trump were in office, but I don’t foresee the second target, approximately 16.56, being met under his leadership due to potential tariffs and trade policies that would likely pressure the Peso. If Trump wins, I expect a strong dollar and a weak Peso both in the short and long term. Conversely, if Harris wins, I anticipate a weaker dollar and a stable or stronger Peso. Of course, nothing is for certain, and this isn’t trading advice or my stance on who I feel should win or shouldn't win, just my observation.
Short
by GlobalHorns
Mexican Peso (USDMXN). Selling opportunity in the short term?Fundamental analysis Signs of strength in the US economy supported expectations that the Fed will take a more cautious approach to interest rate cuts. Although some US economic indicators showed a slight slowdown, markets pointed to robust jobs and September consumer inflation data. Rising odds of a Trump victory in the November election also increase speculations that the Fed will be moderate in terms of cutting interest rates, due to Trump's policies on tariffs, immigration, and taxes being seen as inflationary. According to CME FedWatch tool, the odds of a 0.25% rate cut in the November meeting are around 92%, with no odds on a 0.50% cut. Locally, Bank of Mexico minutes highlighted the need for a less restrictive monetary policy, while Banxico’s survey revealed that economists estimate the central bank will lower rates by 0.50% for the rest of 2024. The divergence between the Fed and Banxico's monetary policies added pressure to the Mexican Peso. Meanwhile, Trump proposed imposing up to 300% tariffs on Mexican-made cars, raising concerns about disruptions to Mexico's automotive sector. Technical analysis From a technical perspective, the Mexican Peso stabilized this week after testing the Fibonacci level support at 38.5% (around 19.20). The price is approaching the latest high at 20.20, but the RSI is in the overbought zone, which could suggest a correction to the downside in the short term.
Short
by MariaAgustinaPatti_Exness
USDMXN H1 / signal :- longUSDMXN max go up from the order block. Bearish Order Block :- 19.56299 and 19.50073 Bullish Order Block :- 19.23786 and 19.19141 The price is nearly at the bullish order block so we can expect the upward momentum now. If the price touches the Order Block then we can expect a upward momentum. there is high probability that the price go up from the given bullish order block. I have used Most advanced price action strategy with is known as SMC(SMART MONEY CONCEPTS). My analysis shown that Entry price :- 19.23687 Take Profit :- 19.38041 Stop Loss :- 19.09333
Long
by PraveenTrader1
USD/MXN Consolidates within September RangeUSD/MXN seems to be consolidating within the September range after closing below the 50-Day SMA (19.4039) for the first time since May, but the exchange rate may struggle to retain the advance from the monthly low (19.1112) as it carves a series of lower highs and lows. USD/MXN may no longer reflect the bullish trend from earlier this year amid the flattening slope in the moving average, with a close below 19.1470 (61.8% Fibonacci extension) opening up 18.8560 (50% Fibonacci extension). At the same time, USD/MXN may track sideways if it continues to hold above the September low (19.0663) but need a break/close above the 19.5620 (78.6% Fibonacci extension) to 19.6280 (23.6% Fibonacci extension) region to bring the monthly high (19.8310) on the radar. --- Written by David Song, Strategist at FOREX.com
by FOREXcom