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MXNUSD

Long on Mexican Pesos: Technical Indicators and Market AnalysisThe Mexican Peso has recently reached a Demand area that we have been monitoring for some time, and it has shown a strong rebound from this level. By examining technical indicators such as the Relative Strength Index (RSI) and Stochastic, we can observe that the Peso is currently in an oversold condition, suggesting a potential upward movement. Furthermore, by analyzing the Commitment of Traders (COT) data, we see additional support for a bullish outlook. The seasonality trends of the Mexican Peso also align with this perspective, indicating that now is an opportune time to consider a long position. Given these technical and seasonal indicators, we have decided to open a long position on this futures contract. The confluence of the oversold technical indicators, supportive COT data, and favorable seasonal trends provides a strong foundation for our bullish stance on the Mexican Peso. ✅ Please share your thoughts about Mexican Pesos in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6M1!Long
by FOREXN1
1
MX EXCHANGE TOKEN : INCREASE UPDATEMX the exchange token is shown at the side of the study's new increased volume. We will follow this coin at last for the next 24H to see if there are new gains that we can follow for the long term. These updates are daily updates but can change to long-term views if there is a trend building. We try to scan the best possible coins for the coming times, as trading there will be never a guarantee on any idea or expectation. The market moves with time, and we should follow it. Data shows if this coin is able to gain $1.75 then it's an important breakout point The current price is below $1.36 Since it's an exchange token, we did also study the trend of the exchange. MX exchange showing also an increase in the volume include users Depend on your study in more ways, as this is not trading advice. This is our view about MX for the short term, and if it gets confirmed for an uptrend we will follow it more.
Long
by Goldenbreakout
3
Emerging Currencies Making a Recovery??As we zoom out and look closely at the Mexican Peso, we see many signs of strength that have been building for some time now. I believe the MXN and many other emerging currencies are all showing similar signs of strength and in the process of a reversal. While this may provide a great long trade and a short-term boost to the Peso, I fear it will have long-term negative effects. These are the things that lead me to continue to believe the dollar will continue to devalue. Emerging market currencies have consistently gained strength against the dollar. If the Peso closes above the 13-year historical resistance by the end of this month, it will be a decent confirmation of a trend change. Unless we see some BIG power moves come from the dollar, I believe this is likely to continue. Not to put to be dramatic, but "IF" this does play out, it will be VERY difficult and drastic for most people's current financial circumstances in the U.S. If the US dollar loses that much purchasing power in relation to the rest of the world, it will affect people in many ways. If it now costs most companies a certain amount to purchase products, then the stores in the US will raise their prices significantly, at least to make up for the lost purchasing power, which means many will have to settle with less to provide for themselves. This may seem good for the emerging currencies and their economy in the short term, but I believe we are seeing a global financial shift that will affect everyone negatively, not just the U.S. economy. The U.S. produces very little in comparison to the rest of the world, so we will suffer because of this. IMO, the U.S. has sat on its laurels of being the biggest economy far too long, and it's caused us to have an economy that is far too reliant on other countries because we "had" the money to pay for cheap labor. I believe the U.S. will suffer a great financial loss because of our short-term approach and being far too prideful because we had more financial liberties compared to others. Essentially, The U.S. became conceited... This money printing has seriously backed us into a corner. Very similar to many ancient empires in the past. I honestly hope I'm wrong about this, the effects of this kind of macro shift could be devastating for many. When things like this happen, it's typically best to look into hard assets like Gold/Silver and even Bitcoin. Please don't take my brutal honesty the wrong way, but I believe it's important to see the global shifts that are in place and consider taking the proper precautions. We're entering uncharted territory for the global economy and this will likely create unstable conditions for all.
Long
by CryptoSyphn
EUR/MXN - Opportunities! Technical outlook towards EUR/MXN We were messaged to analyse this pair, since we last looked at this pair was July - Great momentum it has had. It was 1hr chart this time, I am going through daily - Why? ***Higher time frame indicates shorter time frame of movement! *** Technical outlook: Pattern wise - we are being squeezed within price action of a triangle formation but within that we do have a smaller bullish flag occurring which if you go through 4 hr it hasn't broken towards upside yet and we are at support of this pattern. Shorter Trade Plan: Going towards 4hr you could add Fibs retracement and the target for this bullish flag would be 26.52767 and that's the resistance of this formation as well as top of the range is has been for while. (Following the pattern and inner small flag pattern) For further confirmation a close above 50 EMA. Longer term trade plan: You could play the shorter role of the 4hr and even 1hr following the channel down or break out- However, longer term looking at the daily you could wait for a break to either direction, adding alert to resistance and support areas of the pattern, which ever way it breaks from the yellow arrows draw, I have measured the pattern length. On patterns I like to make sure it's a real break of the range so I would wait for break out , get in on the pull back and then take the trade to whichever direction it goes towards. Keep in mind - MXN is an EM currency, if you are interested to look more in depth an advanced view look at MSCI. (Just a trade idea, not a recommendation) All the best, Trade Journal
by Trade_Journal
1
USDMXN - Peso - Which way?!The EM currencies aren't moving as much considering the major pairs are...that's an interesting thought to keep in mind! If you're looking for good risk reward trade, i'd go to EM currencies - Major pairs are little over extended. However, for those swing traders PESO looking clean...which way will it break. Will we carry on the pattern of descending channel? Will we reach the retracement Fibonacci 161.8 target? OR will we head higher out of channel and go towards the resistance areas? Add alerts or orders for whichever direction you feel its breaking out to. Remember, we've had a lot of dollar weakness. This is just a trade idea, not a recommendation.
by Trade_Journal