USDMXN - weekly and H4 analysisA large weekly triangle H4: a several months of a sideways move, ready to break down, IMOShortby UnknownUnicorn3382580228
USDMXN 07-09-2021Weekly: -Inverse H&S. -Bullish M pattern. Daily: -M formation. -Bullish M pattern. 4H: -Bullish M pattern. -IC.Longby HANSFXTRADER2
buy signal - usdmxn buy signal - usdmxn don't forget the risk management Shortby UnknownUnicorn9076755220
SellOur analysis shows a sell potential. Sell after 2 bounces, H1 should be bearish. Sell when you see rejection that are long wicksShortby ForexPalanca0
USDMXN Possible Long OpportunitiesUSDMXN completed a deep reversal completing a bullish bat pattern on the 4 hour timeframe. Not only that, but reacted very nicely to an area of daily demand. Long opportunities could be possibly taken from this area as long as price holds above the demand area and starts shifting structure to the bullish side. Possible profit targets are marked in the chart.Longby UnknownUnicorn9610108222
USDMXN In August the Mexican peso weakened from 19.848 to 20.071 against the US dollar. Economists at MUFG Bank expect MXN to depreciate from the 4Q onwards amid tapering cycle in the United States. Mounting COVID-19 cases and deaths with Delta variant, and sluggish vaccination rollout in Mexico “Assuming that FED tapering starts later this year and it will carry on at a gradual pace during next year, we see room for moderate MXN appreciation in the near-term as market fears over more aggressive tapering ease.” “However, the pace of MXN appreciation tends to be limited by the more concerning COVID-19 scenario in Mexico. The pace of vaccination continues to be sluggish, the number of cases is at record levels and deaths have been increasing as well.” “We now expect the MXN to be at around 20.150 at the end of September.” “From 4Q onwards, there is room for gradual MXN depreciation driven first by the beginning of Fed tapering, followed by the expectation of the FED funds rate hikes that might start later next year/early in 2023.”by globalsymmetrygroup1
H4 MXNthe weekly analysis has u all caught up we now looking for shorts until a divergence is spotted 🔥Shortby Bekiumuzi_DubeUpdated 110
USDMXNThe lower lows were in play and it has recently taken support from FIB level 1, incase it closes on current levels which are actually 4 hourly strong trend line support than a buy attempt can be made with strict SL.Longby MilestoneInvestments0
USDMXN double top complete (almost)USDMXN is nearing trend line support and 88% retrace, double top target at 19.9100, should find support near these levels. Longby ForexAnalytix1
Ascending triangleTriple bottom with Ascending Triangle as confirmation Mexican Peso beginning to fall in price Ride the wave up -LarenzoYouDorkLongby ZODOGHOUSE0
usdmxnLooking for buys in usdmxn. It has a high probability chance of breaking the top price level 20.730Longby PIPPINTRADER1
USDMXN, BUYWhere are you seeing the most probable support zone? It takes long time to see. Good luck everyone.Longby maximleanke1
WEEKLY ANALYSIS,TRADE OF THE WEEKAll my previous idea that i posted 90% of them were successfull trade. Check and make it your own backtest to my profile. I will post every week, follow me NB: its only weekly trading/swing trading Longby abukar200110
LONGEnter: 20.20620 Exit: 20.28400 SL: 20.14162 Bull Reason: 1. Moving in a range 2. At buy ZONE 3. RSI BULLISH DIV 4. FAITH IN GOD BEARS: 1. Any thing Can HappenLongby shoaib720
USDMXN updates after JacksonThe positional struggle, or put simple the slow siege from sellers back to the base is finally exhausting. Powell has attacked with a move several times the strength of the surrounding defence. USD will now maintain the pressure and birth of fresh strength will unlock the next leg higher in USDMXN. Since 2018 we have been tracking the explosion higher. The break of the ABCDE triangle with Covid has already been analysed several times, much rather talk about the significance of the next move. Well, it renders the precedent and totally immobility of MXN, Powell confirming the USD offer is starting to expire means breaking strong support is no longer possible. On the technicals we must be clear, the 18 handle contains not a little resentment but rather the ambitious dreams of forcing another move similar to what we saw in 2020, allowing our opponent into a false sense of security with a trap before capitulating as far as the eyes can see. The resistance to the topside is now mostly dead and buried. For those looking to buy, the goal above comes in to play at 22.3x and 22.9x as a ideal extension.Longby ridethepig227
USDMXN1 - Dow - Bear 2 - Candlesticks - Bears (Twizzer Top) 3 - S&R - Bull (Resistance) 4 - Trend - Bear (Tred Line Broken) 5 - Divergence - NA 6 - Seasonal Analysis - NA 7 - Chart Pattern - Bear (Double Top) 8 - Fib - Bear (Bounce from 32% Level) Bulls Vs Bear 1 - 5 Trading Plan Risk Level - 5% Stop Loss - 20.40225 Entry - 20.25275 Take Profit 1 - 20.10950 Take Profit 2- Trailing Stop Loss Shortby RabeekhatlaniUpdated 3
USD/MXN Long At Demand zone found some nice structure will keep you guys updated on this one Longby rulas1323Updated 0
GOING LONG ON USDMXNHi I am going long on USDMXN after seeing an inverted bullish hammer form on this Daily level. I am targeting previous weekly highs.Longby jvaledon0
USDMXN long position soonFirst proper break and retest of the trend. Needs a little more time IMO but looking good so far.Longby Hawckshead2
Looking to buy dips USDMXN at 20.2500Looking for range previous highs at 20.2500 level to be supported, and now dips will find buyers now that we are above the 200dma. Longby ForexAnalytix1
USDMXN OpportunitiesUSDMXN, after being stuck in a range finally broke to the upside demonstrating some bullish structure and momentum. An opportunity could be taken in the marked area or near it as long price "rejects, establish clear support" and respects the previous resistance as a support this time.Longby UnknownUnicorn96101084