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U.S. Dollar / Mexican Peso

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USDMXN trade ideas

Possible USDMXN zonesPossible zones to buy or sell. Actually Long as inflation in Mexico decreased, so if USD keeps strong after NFP price will try to retest 19 MXN. However MXN is strong so there will be rejections there. If Bank of Mexico continues hawkish, price will be bouncing around 18.11 / 18.17. Those prices are still OK to keep going long as 18 will be a strong support again. And 19 resistance, so good zones to keep buying/selling so you can milk in both sides. So OK for me this weekend (11-03) and maybe next to search generally for Longs, specially if NFP good for USD
by ehernandeza90
USDMXN 1D Bullish divergency Resistance level LONGThis analysis is based on the idea of significant historical price levels and RSI divergency seen on 1D chart This level of price has been previously reached in April 2018 and now after 5 y there is a high possibility of the reaction, check out the RSI bullish divergency, I think this is a good time for a long position at least till price hits circ. 18.64, with an option to close 50-75% position and see if it goes higher minimising the risk, but it's just my idea not a trading advise, trade carefully place a s/l that won't be heart breaking :)
Long
by lb-counts
USDMXN continuation shorts down to demand on dailywe should by now understand the game of probabilities when it comes to our trading edge. so with that being said lets go over this USDMXN. The peso’s strength reflects a relatively optimistic outlook for the Mexican economy, with 2022 growth surpassing expectations. Having grown 4.8% in 2021, the World Bank expects it to grow by 2.1% in both 2022 and 2023. As Far as the US Dollar Over the last 12 months, its price rose by 5.50 percent. Looking ahead, we forecast Dollar Index to be priced at 106.0575 by the end of this quarter and at 110.8027 in one year, according to Trading Economics global macro models projections and analysts expectations. However with recession fears and DXY being close to a weekly supply/order lock we may see a bearish spike on the dollar soon which will give us the EDGE we need to take this setup.
Short
by tothetopcurt
Dollar/Peso Bears about Step on the GasI was amazed to see the recovery the peso had built over the year, it has me honestly surprised, especially knowing the wasteland that is the administration of the Mexican Government funds and budgeting. Regardless, if there is a maxim in trading, it is that price is king, and given the structure, we can appreciate, it all seems to indicate bears are about to take the bulls to the slaughter house. Technically speaking we are fast approaching a trendline dating back to the "08" crisis when the peso lost about half its value in a span of months. A trendline that to this point had remained intact. I expect for the price to react when it comes in contact with the trendline, most likely in the form of some support, this must not be mistaken as the bottom of this downtrend. I am going to be expecting, with a high degree of confidence a new low to be made after the intial bounce of support is made in and around the trendline.
Short
by HydraFinance