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Mxn

El peso mexicano buscando regresar a la parte baja We place two blue lines on the 4-hour chart starting at the highest high and lowest low, tracking the price congestion in the Mexican peso with lower highs and higher lows. The upward attempts at the Mexican peso moved further and further away from the upper line, while the lower ones struggled with the lower line until beating it on the third attempt at the end of the week with a greater appetite for risk and the increasing possibilities of negative rates in dollars to revive the economy. Now we must see in the daily analysis the Bollinger bands with 24.97 as the upper part and 23.35 as the lower range, with the average at 24.15. The 23.30 zone already worked as a support from April 9 to 14, so the probabilities of retesting it are higher now that the peso shows a downward trend, and in case of extension it could look for the previous low of 22.85. A return above the uptrend trend line around 23.90 could defuse the downside and seek 24.15 as a midpoint. With these signals we would seek to enter long if the price maintains 23.35 and shows regression, with stop loss at the previous maximum of 22.85 looking for a first objective of 24.50 where the previous rise was limited, and a secondary objective at 24.95 depending on the factors that cause the momentum, adjusting the stop according to the ATR as it approaches the first objectives. This is due to the fact that at the moment the probabilities of seeking recovery below 22.85 are very low due to the internal factors of Mexico given its low fiscal margin and its own affectation due to the pandemic. Remembering that the prices above 25.00 already discounted the worst, and at the time that expectations are becoming realities, decision-making becomes more informed and the attractiveness of the yields in Mexican currencies with the proper coverage increases the demand for the peso, so the objectives have to be moderate and stop thinking for the moment in the 27.00 goal. ------- Trazamos dos líneas azules en la gráfica de 4 horas con inicio en el máximo mayor y el menor mínimo., tratando de ver una compresión de fuerza en el peso mexicano con máximos cada vez menores y mínimos cada vez mayores. Los intentos al alza del peso mexicano se alejaban cada vez más de la línea superior, mientras que las bajas lucharon con la línea inferior hasta vencerla al tercer intento al cierre de la semana con un mayor apetito al riesgo y las posibilidades cada vez mayores de tasas cero o negativas en dólares para reactivar la economía. Ahora tenemos que ver en el análisis diario las bandas Bollinger nos dan el 24.97 como parte superior y el 23.35 como rango inferior, con la media en 24.15. La zona de los 23.30 ya funcionó como soporte del 9 al 14 de abril, por lo que las probabilidades de volver a probarla son mayores ahora que el peso muestra tendencia de baja, y en caso de extensión pudiera buscar el mínimo previo del 22.85. Un regreso por arriba de la línea de tendencia de alza alrededor del 23.90 pudiera desactivar la baja e ir a buscar el 24.15 como punto medio. Con estas señales buscaríamos entrar largos si el precio mantiene el 23.35 y muestra regresión, con stop loss en el máximo previo de 22.85 buscando un primer objetivo del 24.50 en donde se limitó el alza previa, y un objetivo secundario en el 24.95 dependiendo los factores que provoquen el impulso, ajustando el stop segun los ATR confome vaya acercando a los primeros objetivos. Esto debido a que por el momento las probabilidades de buscar recuperación por debajo del 22.85 son muy pocas debido a los factores internos de México dado su poco margen fiscal y afectacion propia por la pandemia. Recordando que las cotizaciones arriba del 25.00 ya descontaban lo peor, y al momento de que las expectativas van convirtiéndose en realidades, la toma de decisiones se vuelve mas informada y el atractivo de los rendimientos en monedas mexicanas con las debidas coberturas incrementa la demanda del peso, por lo que los objetivos tienen que ser moderados y dejar de pensar por lo pronto en los 27.00
Long
by hzepedajr
MXNJPY technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 MXNJPY technicaly based idea, technicaly indicators showing we can expect higher recovery phase, we can see price is on border of supportive trend line, based on candels formation expecting to see break of trend line and push up in price till FIBO 0.382 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
by UnknownUnicorn3983388
MXN lining up a bullish flag with a target of $32 MXN per 1 USD.I posted an idea on July 22, 2019 with my target at $29 pesos per 1 USD by August 2020. However, the new Mexican Government's poor economic choices along with the with the rise of the COVID-19 pandemic, have exacerbated the problem and consequently accelerate the peso's fall. Banxico has been intervening by selling USD in the open market in an effort to stopping the pesos fall. Consequently, how much of an intervention is Mexico's central bank able to afford? only time will tell. Things don't look so promising though. AMLO has cancelled an important contract with constellation brands after an initial investment was made. Foreign investment is declining due to loss of confidence. The cancellation of the lease of the presidential plane has not been done due to lack of funds. Investments in the unprofitable and state run oil company PEMEX, the Dos Bocas refinery, and the Santa Lucia Airport, the creation of the national guard, plus numerous social programs are draining the economy heavily. In addition, a drop in GDP due to investor confidence, COVID-19, and poor economic choices do not paint a positive outlook for the peso and the overall Mexican economy.
Long
by fernx
9
USDMXN Pattern like the 2008 crisis. Opportunity for +15% profitThe pair made a strong Parabolic Rise in March pushing the 1D chart to its limits. Now technicals have found a normal balance (RSI = 58.931, MACD = 0.972, ADX = 49.001) as the price is trading on a range. This is similar to the 2008 trading pattern of the Mortgage Crisis, when after a Parabolic Rise, USDMXN entered a range (was an Ascending Triangle then) before a new Top. So far it appears the the COVID pandemic is repeating the same psychological patterns of the 2008 Mortgage Crisis. QE and stock market fear are the key factors. If USDMXN repeats the whole sequence then we can expect the next Top to be roughly +9% from the current one which makes for a $28.00 target. That is roughly a +15% profit opportunity from the current levels. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Long
by InvestingScope
2