Get started

U.S. Dollar / Mexican Peso

No trades
See on Supercharts
Overview News
Ideas
Discussions Technicals Seasonals Economic Calendar

USDMXN trade ideas

Analysis of USD/MXN Monthly ChartAnalyzing the USD/MXN monthly chart, it looks like we're witnessing some interesting developments. The pair has been in a descending channel since early 2020, but it recently broke above the descending trendline. This could signal a shift in momentum. Key levels to watch: Support around 16.50 has been rock-solid. Resistance near 19.50 is crucial if we see continued upward movement. The RSI is at 37.56, rising but still in bearish territory. A move above 50 could confirm a bullish trend reversal. Also, there's a larger symmetrical triangle pattern in play. If the price stays above the breakout point, we might see further gains towards the upper trendline. The recent increase in volatility suggests there's strong interest and potential for significant moves. While the long-term trend is bearish, the recent breakout is promising. Keep an eye on these levels and indicators as we move forward. Analysis of USD/MXN Monthly Chart Let's dive into the monthly chart of USD/MXN, which shows some interesting trends and potential trading opportunities. Descending Trendline and Channel: The pair has been trading within a descending channel since the peak in early 2020. Recently, USD/MXN broke above the descending trendline, indicating a potential shift in momentum. Support and Resistance Levels: The strong support level around 17.00 has been tested multiple times, holding firm each time. The resistance zone near 20.00, corresponding to the upper boundary of the previous channel, is a key level to watch. RSI (Relative Strength Index): The RSI at 37.56 suggests that the pair is still in bearish territory but has been rising, indicating increasing bullish momentum. A move above the 50 level on the RSI could confirm a bullish reversal. Pattern Formation: There appears to be a larger symmetrical triangle pattern forming, with the recent breakout being a significant move. If the price holds above the breakout point, we could see further gains towards the upper trendline of the triangle. Volume and Price Action: The recent price action shows increased volatility, suggesting heightened interest and potential for further significant moves. The long-term trend is still bearish, but the recent breakout could be an early sign of trend reversal.
Short
by aldofg
USDMXN Short Analysis - Trade Update Last week, the price of USDMXN rejected the significant psychological level of 19.00. From the COT index, we observed that the pair had been muted for an extended period. However, I saw value in buying MXN leading into July. 🌞 🚨 Trade Update: The trade is currently running 597 pips in profit! 🎉 Stop Loss: Moved to 18.62 to lock in profits. Take Profit: Adjusted to 16.41. This strategy continues to align with the current market dynamics and seasonal trends, making it a compelling opportunity. Let's see how it plays out! 📊 Happy Trading! 🚀
Short
by Mike_SnD
2
Crazy people making crazy claimsRecently news outlets have been reporting in 2 things about the US-Mexico relationship 1st is the super peso. 2nd is the lowering of interest rates in the USA. When looking at the news I saw multiple articles contradicting themselves. Saying things like "the mexican peso got stronger because of the rasing inflation" or as in this one where it says the "the advancment is atributed to the coments of Jerome Powell, which gave hope to rate cuts" as you can see in this one : elmanana.com.mx Meanwhile you have this one which shows raising inflation in Mexico, which I have to admit it's true, the cost of living in mexico is rising. This means that every day the mexican peso es less able to afford goods or services. www.msn.com On the other hand with the united states' recent slight decrease in inflation has prompet the FED to be more inclined to realize a rate cut. This in order to boost the markets before the elections. This is very likely to excite the markets, as money from bonds will likely migrate to the stock market. Contrast this with Mexico where the central bank is claiming to reach it's inflation target by the end of 2025. www.msn.com For these people I have some basic economic facts they should be aware of. When you have rasing inflation your currency doen't apreciate it depreciates. Thats because you aren't able to afford buying as much with the same amount. Therefore if the inflation of you currency increases while the inflation on another currency decreases then the most likely outcome is that the decresing inflation currency will apreaciate in contrast to the other one. Aditionally if the US market begins to grow at a faster rate in contrast to the mexican market then the currency will also depreciate. Therefore saysing that the lowering of interest rates in the USA is good for the mexican peso is just insane.
Long
by DarkMessiah777
USDMXN Major long-term bullish break-out after 4 years!The USDMXN pair broke above the 4-year Falling Wedge and so far stopped the rise just before it tested the 1W MA200 (orange trend-line). The last time the pair had a similar long-term bullish break-out was on the August 01 11 break-out. Following a 5-week consolidation, the price then extended the aggressive rise marginally above the 0.618 Fibonacci retracement level. As a result, we expect another strong bullish wave soon, and our Target is 21.6500 (exactly on the 0.618 Fib). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDMXN Short AnalysisLast week, the price of USDMXN rejected the significant psychological level of 19.00. From the COT index, we can observe that the pair has been muted for an extended period. However, I see value in buying MXN leading into July. 🌞 🔍 Analysis: I expect the price to trade down to 16.50 before more consolidation. There is a large imbalance at 17.13. The previous swing high has been taken, indicating that buy stops have been taken. We can now expect a move downwards, aligning with seasonality patterns. 📅 📉 Trading Plan: I'm waiting for the price to come back to 18.40 to enter a sell position. Entry: 18.40 Stop Loss: Above the last swing high at 19.05 Targets: 17.50, 17.00, and 16.50 🎯 This strategy aligns with the current market dynamics and seasonal trends, making it a compelling opportunity. Let's see how it plays out! 📊 Happy Trading! 🚀 #USDMXN #Forex #TradingStrategy #TechnicalAnalysis #MXN
Short
by Mike_SnD
4
(USDMXN) Analyzing the Impact Mexican Peso Depreciation1994-2024 Past Trends and Future Projections Assessment of Former Mexican Presidents' Management of Peso Depreciation Against the US Dollar Ernesto Zedillo Ponce de León: Presidential Period: December 1, 1994 – November 30, 2000 Depreciation Peak: $10.75 USD/MXN Time to Peak: 1492 days Summary: Zedillo's term saw significant economic challenges, including the aftermath of the 1994-peso crisis. Despite efforts to stabilize the economy, the peso depreciated considerably during his tenure, reaching a peak of $10.75 USD/MXN. Vicente Fox Quesada: Presidential Term: December 1, 2000 – November 30, 2006 Depreciation Peak: $11.70 USD/MXN Time to Peak: 1249 days Summary: Fox's administration experienced moderate depreciation of the peso, with a peak rate of $11.70 USD/MXN. His tenure was marked by efforts to improve economic stability and growth. Felipe Calderón: Presidential Term: December 1, 2006 – November 30, 2012 Depreciation Peak: $15.56 USD/MXN Time to Peak: 852 days Summary: Calderón's term saw a more pronounced depreciation of the peso, reaching a peak of $15.56 USD/MXN. Global economic instability and domestic issues influenced this significant depreciation. Enrique Peña Nieto: Presidential Term: December 1, 2012 – November 30, 2018 Depreciation Peak: $22.03 USD/MXN Time to Peak: 1523 days Summary: Peña Nieto's presidency experienced severe depreciation of the peso, with the exchange rate hitting $22.03 USD/MXN. Economic reforms and global market conditions contributed to this peak. Andrés Manuel López Obrador (AMLO) Presidential Term: December 1, 2018 – November 30, 2024 Depreciation Peak: $25.77 USD/MXN Time to Peak: 517 days Summary: AMLO's administration saw a rapid depreciation of the peso, reaching $25.77 USD/MXN, influenced significantly by the economic impact of COVID-19. Future Outlook: Claudia Sheinbaum (Predicted) Presidential Term: December 1, 2024 – November 30, 2030 Predicted Peak Rate: $30.00-$34.00 USD/MXN Predicted Time to Peak: 1126 days or so. If the current upward trend in peso depreciation continues, an estimate can be made based on historical data from previous presidents. Here's a possible scenario: Projection for Claudia Sheinbaum's Term Average Time to Peak: Using the historical data, the average number of days to reach the peak depreciation can be calculated. The average is approximately 1126 days (1492 + 1249 + 852 + 1523 + 517 = 5633 / 5 = 1126.6). Predicted Depreciation Peak: If the trend continues and considering the impact of recent trends, the peak could potentially surpass previous highs. Estimating conservatively, the peso could reach a new high, possibly around $30 USD/MXN or higher, depending on economic conditions. This projection assumes that global and domestic economic factors continue to influence the peso similarly to past patterns. However, it is important to note that predictions can be highly uncertain and influenced by various unpredictable factors The Bars Pattern (in red) is a visual representation of how the price could behave over the next six years. Please note that past performance does not guarantee future results. 🚀🚀Boost this idea to reach more people like you! 🚀🚀 NFA PLEASE, DYOR/MYOD!! Hope to See your Likes 👍 to Support My Work To Follow All My Ideas, Go to My Profile and Select the Follow Green button 😁 Please Re-Evaluate Before Make Your Last Decisions Check my Profile for more.
Long
by InsightMarket
4