USDMXNThere is a breakout and retest scenario here. We think this pair will sell. However, do your own analysis and be careful with high spread in case you want to enter the trade.Shortby KairosFX10
USDMXN | TCT09This is just my Analysis so please be responsible for your own trades. I am still a newbie, still in the learning process, and still not profitable Yet. I am not an expert or a financial adviser. I just started Forex last February 2022. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime. ALWAYS WAIT FOR ENTRY CONFIRMATIONS! FEEL FREE TO LEAVE A COMMENT USDMXN | TCT09 Thank You! ☕️ #thecoffeetrader #yourconfluencepartner #usdmxnby thecoffeetraderofficialUpdated 0
is MXN attractive?...a contrarian view.USDMXN seems to be moving within a downward channel for the last 6 months. Banxico's more proactive monetary policy (rate hikes) than most central banks, particularly in developed markets, have supported the Peso during this period with a few bouts of risk off, like the one of the last few days, that have pushed the cross close to the upper limit of the channel once again. Banxico is expected to continue to hike rates, while the market is also already pricing in over 300bps of hikes from the Fed in the next few months. If Powell does not deliver 75bps tomorrow (as the market fears) expect the Peso to rally once again towards the bottom of the channel as USDMXN currently looks overbought on most technical indicators....Shortby PD_Capital1
LONG OPPORTUNITY ON USDMXNAccording to Uptrendlinechannel Resistance level VS support level Longby winerstepUpdated 8
Usdmxn June 2022Very good price action I actually was looking for longs and a swing position to get in with northside and we got in he’s up some racks . Textbook plays. Get in where you fit inLongby Predictionsyaaboiiomarr_fx0
USDMXN bullish scenario:As a top-15 oil-producing country, Mexico is tied to its natural resources. The peso shows a tight correlation with other commodity-based currencies, including the Brazilian real (BRL) and the Colombian peso (COP). This interdependence increases the importance of energy fluctuations as well as of data that move crude oil and natural gas futures markets. If the price of oil continues to rise and inflation in the United States grows, the prospects for the appreciation of the Mexican peso against the dollar will increase. In this pair, technical analysis shows a technical figure Falling Wedge. The Falling Wedge broke through the resistance line on 12/06/2022. USD/MXN is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 27 days with a target of 20.5038. According to the experts, your stop loss should be around 19.4132 if you enter this position. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.Longby legacyFXofficial1
Tacos sound so good right now USD/Mex If we can get a B.O.S here and retest then i will go for a long!Longby SMASHHH96Updated 0
USDMXNlong term view of usdmxn. It points to an upward trend in the upcoming period.Longby econ101131
USDMXN ForecastUsually USDMXN is a copy of USDZAR. After doing an analysis on USDZAR, there is a high probability that there is going to be a shift in trend. I counted my levels on USDMXN and also noticed the same. So will start looking for long opportunities on USDMXN this coming week.Longby BLVCKLISTED_FX3
USDMXN in correction phaseWe can easily see that USDMXN pair is under Elliot's correction waves so, no need extra analysis on this chart to know the possible behavior for this pairby Edwinox920
USDMXN ShortThe Daily chart market structure had formed a LH could now form a new LL to follow the trend direction , also The weekly support zone has broken and turn into resistance could possibly see rejections from the zone to continue bearishShortby bxnj2468220
Buy exotic mxn USD chart upside down. just how I analyse iyBuy opportunity is an hour or few volume confirmation going to be in an hour or soLongby eleetus0
USDMXN: A Swing Long Opportunity from the Bottom-Introduction- USDMXN has arrived at the support area of 19.600 ~ 19.800. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart , we could see that before a bounce from the support area , almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for buy opportunities from the support level . -Trading Plan- From the support level, the price has formed several doji stars. We can also spot a bullish divergence in RSI. Therefore, we have entered our swing long entries. Check out our previous USDMXN trading plan below :) Longby NicoBeau_CapitalUpdated 0
USDMXN LONGHTF setting itself up for a possible big up move. Will be focusing on entries on the STF when price reaches my level. Huge potential. Trade safe & Trade smart :) Longby Millennial_Trading5
A reversal could be close in the USDMXNA harmonic pattern seems to be forming in the USDMXN pair, it could be a bullish Gartley, so the reversal could be close. The pair is currently trading below the 50-period moving average on a daily basis without having a very marked slope. I see the strongest support at 19.74 which has not been broken since June of last year and previously served as support 2 times during April of this year. The extension to 127% of the fibo coincides with the resistances of January of this year, as well as those of November and October of last year. If the reversal occurs, the dollar could easily go to the range of 20.5-20.88 pesos and maximum at 21.20. I highly doubt current prices will hold up anytime soon before a change in direction occurs.Longby amateur_trad3r0
SHORTHello Friends, We applied Triangle Breakout and fibo Entry@ 100 Stop-Loss@ 23.6 Take-Profit@ 161.8 . Like , comment if You see a better picture. HAPPY TRADINGShortby Lekuba-Julias-Malei0
USDMXN: A Trading Plan from the Support Level. -Introduction- USDMXN is currently approaching the support area of 19.600 ~ 19.700. This is a strong support level, as we can see many times the price has bounced up from this level. Observing closely in daily chart, we can see that before a bounce from the support area, almost all prices formed a kind of a bullish candlestick pattern. After the bounce, we could spot price moving in a range for about two to three months. Therefore, we will be looking for short-term buy opportunities from the support level. -Trading Plan- First, we want to make sure that the price will not break the bottom. Therefore, we will be first looking for a bullish candlestick formation at the bottom. It could be a doji star, engulfer, piercing pattern, etc. If a pattern is formed, we will then enter our buy positions targeting the resistance level of 20.150 ~20.200. We expect the price to range for about two to three months from the bottom to the 20.150 ~ 20.200 level; therefore, we will plan to trade this range. However, we are only planning to buy from the bottom because we do expect the price to eventually break up from the range. Longby NicoBeau_Capital3
USDMXN (Short)Short Signal Dow - Bearish (Lower low - Lower high formed) Candles - Bearish Three Black Soldiers on Top Trend - Bearish Upward trend line broken Support & Resistance - NA Divergence - NAShortby RabeekhatlaniUpdated 0
SHORT USDMXNI share with you this short idea for USDMXN. Mxn peso start to become strong. Interesting price action Good Risk to rewardby Romanlanda0
USDMXN Accumulating for an end-of-the-year riseThe USDMXN pair has been trading within a Channel Up since late 2020. The Fibonacci Channel levels help at understanding bettern the Resistance and Support levels involved on each Higher High and Higher Low leg. Right now the price action seems to be about to complete the (3) and final leg of the correction similar to that of August 2021. That was the Accumulation phase that led to an end-of-the-year rally that broke above the Higher Highs trend-line. We believe that a similar pattern will be followed, making the USDMXN a buy opportunity on the long-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------Longby TradingShot2216
USDMXN | POSSIBLE UPSIDEUSDMXN is trading in bearish parallel channel. Price has bounced from the suppport of the channel making higher highs and higher lows. one can attempt for long position as breakabove will give excellent returnsby JustTradeSignals113