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U.S. Dollar / Mexican Peso

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USDMXN trade ideas

STEALTHY PESO [REVIEW]: CASE FOR CONTIUATIONA mentor asked my thoughts on FX:USDMXN continuation. the quick answer; - Trade between the US & Mexico has never been so pivotal. (Banks will increase transactions and trust.) - CFD journals are lagging bringing any attention to the market just yet. More marketable reasons below; For the fundamentalist reader, - Mexico / US driven to strengthen as chances of a US-China dispute continue to rise. see; trade levels between china and US at 2005 lows. - The Dollar has only a few rate hikes left in the chamber. - The time inflation takes to fall, tends to be symmetrical to the time it takes to rise, . - as China / Taiwan relations continue to sour, the chances of a US-China dispute continue to rise. For the Techies, Zone 1 :The lower end of the chart is in consolidation + some strength in the dollar. Opportune time for a pull back (UP). Zone 2 : The market sold through this level. Traders still holding shorts may consider liquidation if price begins to push higher. Zone 3 : Likely the market will exhaust to the upside and find refuge in new CFD/buying activity. This will help the price 'down' through recent buying activity. Execution Plan; before we begin... - The map I've drawn on the 30M and does not take into consideration any economic drivers. Be mindful of events relative to the USD & PESO. - The map does not take into consideration correlating currencies. So please visit Myfxbook.com and take a look at the correlation map. ------------------------------------------------------------------------- - The purpose of this map is to highlight a possible pathway for price action and is not investment advice. ------------------------------------------------------------------------- - Zone 1 1. Your sitting on your hands. 2. Your looking for consolidation and release to the upside. for order flow watchers; CFD's transactions are building to the short side near the bottom of zone 1. - Zone 2 1. Still sitting on your hands. 2. Your looking for a clear pop to the target short rate, above . - Zone 3 1. Release your first here. 2. Prepare the levels above with to grab a stronger avg short price. - Zone 4 1. Your sitting on your hands. 2. Your looking for signs of exhaustion and CFD buy side demand. 3. Review fundamental data surrounding the trading partnership between US/Mexico. 4. Key in on your Stop loss total defined at the beginning of the trade. and sit on those hands. If the market rallies through the near term dealing levels, check back with me here. I will update the chart. The Peso has a ton of room to trade below current rates. The bigger the pull back (UP) the bigger the release (DOWN). If you have any questions or comments, feel free to comment for my email. best regards.
Short
by moneymagnateash
1
Mexican Peso Near the Peak of Its Power. Beware Aggressive Turn!For a long time, I maintained a scenario for the Mexican Peso that envisioned a bounce down all the way down to the mid-16s a view that seemed less than likely a few years ago with the Dollar hitting an all-time high at nearly 26 pesos per unit. Sadly I didn't hold strong enough conviction on the move happening to see it all way through, throwing the towel just in time to be on the sidelines for some of the most aggressive drops of the year. Having said all that, We can start to see some signs of exhaustion on this slide down, and if yes this sudden collapse came somewhat as a surprise if my expectations turn out to play out similar to what I am envisaging, we could see all the advance made by the Mexican currency effectively wiped out by a solid surging dollar in the latter half of this year and the year to come.
by HydraFinance
Short in USDMXNAfter a thorough analysis, I initiated a short position in USDMXN. My decision was based on a combination of factors, including my short-term positive fundamental outlook on MXN and my perspective on USD. Furthermore, after carefully examining the trend and indicators, I am confident that this position aligns with my investment strategy. While there is always an inherent risk in any investment, I believe this opportunity's potential downside is worth pursuing. By maintaining a disciplined approach and closely monitoring market conditions, I am optimistic about the potential for a favorable return on investment. As always, I will monitor this position closely and make any necessary adjustments as market conditions evolve.
Short
by JuanHernandez
2
Stealthy PesosPeso fundamental's and the lack of retail coverage, quiet mover. The Mexican peso traded at 17 per USD in July, its strongest since November of 2015 as evidence of a resilient Mexican economy supported forecasts that the Bank of Mexico will remain hawkish for a prolonged period. Fresh PMI data showed that the country’s manufacturing sector expanded in June, the only country within the Americas that escaped from a contraction in the period. The result was the latest among a batch of strong economic releases, adding to Banxico’s recent signal that interest rates will remain at the current record high of 11.25% as long as possible to curb inflation. The figure compares to a current interest rate of 5.25% in the US. The Mexican peso has been among the world’s strongest this year, appreciating 14.4% against the dollar since the end of December 2022.
Short
by moneymagnateash
LONG - USDMXN (MN WK D) (25 May 2023)Position Trade/s - USDMXN - Massive opportunity to go LONG as there are strong arrival candles reaching MN Demand Zone which is FRESH! Hence, set and forget trades in MN, WK and Daily and Intraday H4 MN Trade/s - To take entry at MN TF WK Trade/s - Take entry at WK TF - However, price might pierce through re-tested WK demand zone as there were multiple retests - Hence, WK potential BUY zone is deeper Daily Trade/s - 3 potential BUY Zones in Daily TF
Long
by angieh
2
USD/MXN 15,5-16 there was a paralel channel between 1995-2023 and MXN was swinging between lines, It's not easy to break down a 23 years old channel, if there is no solid actions in the future, something beyond of your usual ideas. your mind may say its a bottom, MXN has to be traded between 19.50 and 21 but its not and it will not. Reasons; 1- Mexico has the highest currency protection - If you don't have a company doing export and import, you can not have USD account. - Money exchanging immediately after swift operations, there is no chance to holding USD overnight in your bank account. 2- With new President Amlo, Mexico's political decisions more stable and less corrupted, since the COVID, foreigners real-estate investments started to increase in Baja California, Yucatan , Oaxaca and especially in Quintana Roo states (Cancun, Tulum) 3- Also big American companies are building new factories at the North of the country where near to US border. For cheaper labor cost and less income taxes. Elon Musk's Tesla building a giga factory in Monterrey, Nuevo León 4- Chinese companies are throwing money in North side of Mexico for new factories and investments. Less transportation cost + benefiting from Nafta agreement.
Short
by Stockthunder