USD MXN BUY (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Watch strong price action at the current price for buy.
Mxn
Yearly lows set in place for USDMXNHere we can look from a bird's eye view and see that this is likely still a large triangle taking place.
We are testing the minimum targets of a 5 wave sequence from November highs. It is very possible that this can start forming a base at current levels since the target has been reached however extensions below come in at 18.53.
The likelihood of a base forming will increase if we trade above resistance at 19.20, this will give confidence and unlock 19.47 and 20.4 for initial targets in the triangle.
A very interesting cross to track over the coming Months and Quarters. Best of luck all trading it live.
USDMXN 1:3 Risk Reward ShortUSD Short bias
- quant score = -3 (-10 shift)
MXN Long Bias
- quant score = +39 (+22 shift)
TA
- Short momentum, low breaks
USDMXN: Long term Buy opportunity.The dominant long term pattern on USDMXN is a Triangle on 1M (total neutrality with RSI = 52.546, ADX = 27.968, Highs/Lows = 0.0000). 1D is on a Higher Lows sequence, which this 1M Triangle has show that it leads to a bullish break out. We are long with TP = 20.25000.
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USDMXN Buy signalPattern: 1W Triangle.
Signal: Bullish based on a similar fractal sequence of the Higher Low line.
Target: 20.3500 (Triangle's Lower High at -1.42%).
BRLMXN has plenty of upside...Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28.
From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation.
There is scope here for as high as 7.25-7.28... here actively working a lot on the buy side in Brazil.
Best of luck, hope this helps and lets see how it goes.
USD MXN SELL (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the downside. Watch strong price action at the current price for sell.
USDMXN breaks SHS neckline, 2000+ pips targetThe support around 19.20 failed to stop the downward pressure in USDMXN, with the pair breaking below the neckline of an SHS pattern.
The pattern suggests a target at around 18.94, but I would prefer to follow a more conservative approach and aim at 19.00 instead, which also aligns with a rising trendline support.
USDMXN BULLISH WAVE COMING USDMXN BULLISH WAVE COMING UP FOLLOWING AN UPTREND CHANNEL ON A D1 TOMEFRAME
USD MXN BUY (US DOLLAR - MEXICAN PESO)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit bottom of the pattern and watch strong price action for buy.
USDMXN Double Bottom and inverse H&S?I have been watching this one the past days to see if the double bottom would play out or not. Now the small inverse H&S on the left, could be the confirmation of that pattern. If that neckline breaks and we see a good rally, the chances will increase a lot. If this H&S fails, that green support could still keep it alive, but below that support, it will become less likely.
Previous analysis:
USDMXN long Head and shoulders forming on usdmxn, has hit a long support and is also breaking the downtrend, good risk reward ratio
Reverse cup and Handle?I Might be crazy. There is no reason that the MXN should strengthen against the USD. Oil is cheap and the Mexican Bolsa is very low. But it shure looks like it could be. What you guys think?
USDMXN Bearish Wedge, good RR, Part 2This trade is still going pretty well, i took 25% profit at the low and another 25% got hit on a very tight stop which was also a decent profit. The remaining 50% almost got hit at the purple stop loos but since then we dropped again. Now we are at a support zone again, if this breaks i want to increase my position again to 100%. So i will risk the profit i have on my remaining position.
Stop will remain at the purple zone which is around break even of that 100% position. Target remains the same, which is the target of the wedge.
Previous analysis:
