USDMXN ABCD Bearish trendTrade plan has been defined on the basis of ABCD bearish trend. There is expectation prices will go downward. by Waqas071
Usd/Mxn Buy Idea From Weekly And Monthly SupportUsd/Mxn is at a Extreme Level of support. Usd/Mxn has bounced from this level of support on the 15 min time frame. The Idea is to buy this trade and put my stop loss under the daily candle. Im using risk management and I will have 3 trades with 3 take profit areas. It will fun for weeks... Please Like and SubscribeLongby RlcTrading112
Mexican PesoViva Mexicana! Key notes. paradigm shift breakout line reverse symmetry move early breakout line wake up line #mxnusd #PesoMexicanoLongby Badcharts7
Peso Rips to 7-year Highs - USD/MXN Testing Support USD/MXN has broken the yearly opening-range with price now probing below the 2017 lows at 17.4515 - watch the weekly close. A break lower keeps the focus on the 2016 lows, which converge on the 25% parallel near ~ 17.0505 . Resistance eyed with the median-line / February low close around 17.9490 Michael Boutros , Sr Technical Strategist with FOREX.com Twitter: MBForex @MBForex by FOREXcom2
U.S. Dollar / Mexican PesoU.S. Dollar / Mexican Peso are close to a major technical support and to Fibonacci Retracement 61.8%Longby adgarces1
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_Markets225
UsdmxnMexican peso at monthly support . Bank of mexico rates stands over 11% if they continue to rise interest rates expect the trend to continue down . I think they no longer increase interest rates or they will halt their economic growth. Longby Todopoderoso225
Topping key area.For FX:USDMXN , to growth an uptrend, 18 has to be reached, get above and stay above towards 18,2. So far, such key area has shown topping resistance.by juanclosUpdated 0
Simple confirmations guide us to sell usdmxnusdmxn is on the way to more falling in the deep of the market , please traders be respective and do not think to buy this market just sell it without any thinking I wish all good for you Shortby WADIEX3
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 Shortby therealbinarymasterUpdated 5
USD/MXNThe price that moves within a bullish reaction zone seems to have broken down, however it quickly returned to shoot out above the OB, thereby confirming a false breakout or liquidity grab. The above is usually the prelude to a strong upward movement, so if you are looking for long positions, the correct thing to do would be to look for confirmation in the minor time frames. I think in principle I would go to look for the 18.2Longby Areh-Nar3
Usd/Mxn Buy Idea (Reversal Pattern)Usd/Mxn has rejected this area for many days now. Price just keeps getting rejected and rejected. Tonight price finally started a decent push up on the early time frames. This resistance has held for a long time now so we should be good to buy here! Longby RlcTrading5
LONG - USDMXNPlease use the position tool to guide your entry and/or exit into the position. I will update the idea whenever necessary. Look forward to more profitable trading signals. Happy trading: You're welcome!Longby ZAR_RepublicUpdated 885
MXN BUY MXN is a ROLLER coaster of a market and is not one to mess around with but is very fun to trade Structure right now is lookking long and this is a possible position that could be taken However MXN likes to move quickly and take people out fast then reverse so its a very risky market that you have to be patient withLongby ethanw810Updated 1
USDMXN 10/04/2023Weekly: * Weekly lows * Previous candle is bullish Daily: * Inv H&S Pattern * IC * Previous candle close is bullish 4H: * Inv H&S Pattern * IC Protecting the priceLongby jeronimolopezb0
USDMXN - Potential Upward MovementUSDMXN retesting support levels near demand zone and is likekly to rebound. Exit at 1st supply zoneLongby JoeBigBoi3
USDMXN : Bullish Continuation Priced nicely respected a key level of support on the daily time frame. The pair has experienced a bullish movement since respecting support. We expect to see a bullish continuation for the pair as price heads towards our initial target for this setup (18.94617). What are your thoughts ? Do you agree with my analysis ?Longby PRINT_CAPITAL2
usd/mxn possible reversal INCOMING here's my analysis on usd/mxn don't get caught up to much in the fundamentals here, this is a technical entry utilizing market structure and OB Disclaimer - Information Shared is for educational and Demo purposes Only Longby therealbinarymasterUpdated 0
USDMXN : Reached key resistance level, bullish reversal kicked oAs our analysis on Sunday predicted, the price successfully reached the key resistance level and initiated a bullish reversal as well. We expect the price to make a few adjustments in price before heading straight for our target. What do you think ? Do you agree with my analysis ?Longby PRINT_CAPITAL1
USD/MXN - Bullish AB = CD Reversal Pattern - RSI DivergenceUSD/MXN has formed a bullish AB = CD reversal pattern and price is showing RSI divergence at Potential Reversal Zone. Price has also started printing higher highs and higher lows. Will take entry at break of HH and expect continuation of bullish trend. Longby Tempo_Trades2
USD MXN Trend StartingUSDMXN Trend Starting Entry level Define by using Fib Level.Longby junaid-shah0
USDMXN : Possible bullish reversal The pair made an aggressive bearish reversal after 4 false breakouts of a key resistance level (daily timeframe). Now heading towards a major support level, I expect a bearish reversal to be possible. We'll be looking for opportunities to buy after a retest of the key level of support (17.96227-17.87925). We should see the price moving towards our target 18.94617. Please share your thoughts, do you agree with my analysis ?Longby PRINT_CAPITAL1