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Pesomexicano

USDMXN - Buy Mexican Peso!After Mexico and the USA reached a deal to curb migration and avoid tariffs on Mexican imports, the Mexican peso strengthened around 2 percent against the dollar during the Asian trading. I expect the USDMXN to go lower during the American trade session as well. In the long run, I still believe USDMXN will go lower than 18.90 if there are no more conflicts between the USA and Mexico. However, Trump could threat Mexico again with tariffs as a weapon to get fast results from Mexico, especially during this time (elections in 2020), making the Mexican peso weak. The immediate support is the 18.9 area (blue line). If we break that support, we could go to the second strong support at 18.75 and then lower. It is important to notice that the USDMXN price is in a triangle since last year. If there is good news from Mexico, we could finally break the triangle to the downside. Thanks for reading!
Short
by Joel_Ochoa
USDMXN - Descending TriangleHi everyone, After the market rallied during the last week in favor of the US dollar , we sold off later in the day making the chart bearish in the short run. It seems we are forming a descending triangle . We could go to 18.75 soon, and that could be a break to 18.50, especially if oil price don't fall. On the other hand, if we go bullish , I expect the prices to go to 19.19 and then to 19.50. However, as I mentioned, I am more in favor of a downside.
Short
by Joel_Ochoa
ETHMXN:BITSO resistencia!!Justo en estos momentos estamos sobre el EMA 50 en la gráfica de 4hrs, esta es una resistencia muy fuerte al igual que BTC. Seguimos en el canal bajista, pero nos encontramos con la resistencia superior del canal. Tuvimos un hombro-cabeza-hombro (también en BTC) sin embargo no hemos roto la resistencia del canal, hubo un intento fallido, marcado en rosa y de ahi se ha estado moviendo de forma lateral, junto con el MACD, RSI y STOCH. El RSI y MACD tiene una divirgencia alcista, que son muy buenos indicadores para que ETH siga subiendo. Estamos en un momento de consolidación, con bajos más altos, algo que podemos esperar después de una bajada fuerte, ya que los mercados necesitan momentos de consolidación y estabilidad. Si la moneda rompe la resistencia podemos tener un target en el area de $24500, basado en el hombro-cabeza-hombro. Si no rompe esta resistencia seguiremos en el canal bajista hasta que haya suficientes bulls entren en el mercado. En la gráfica de día tenemos los numeros fib, donde son muy claras las resistencias que tenemos y el target. Aquí el MACD está a punto de tener un cruce, buen indicador alcista.
by CryptoChica
5
#ETHMXN Atentos a posible "Bear Flag" #Ethereum #Trading #PesoEl Ether no ha podido a lo largo del día superar la barrera de los 800 USD. En pesos llego por ahí de los $15,500 Se muestra una posible Bandera de OSO ....y también se muestra la nube roja que ha mantenido la lucha constante entre los Compradores/Vendedores. Puede ser que rebase y llegue a los $900 aproximadamente antes de la nueva corrección. Pero puede también que no lo logre! Hay que mantenerse a la espera, no recomendaría entrar hasta que tengamos una verdadera confirmación de se ha llegado al verdadero fondo. Platicando con colegas y mentores, se veía un posible escenario de que quizás el Ether debía legar por ahí de los $400 DLS y ahora si poder recuperar esa tendencia a la alza con mas estabilidad Si te ha gustado este análisis no dudes en darle manita arriba! Ademas cualquier opinión y punto de vista se agradece! Nota: Invertir en Criptoactivos conlleva riesgo, Proceda con precaución!
Short
by AmilcarCarrillo
Ripple podría regresar al canal bajista en las próximas horasEl indicador ADX señala la fuerza de la tendencia. Por la mañana, XRP inició un tramo alcista, sin embargo no hay elementos técnicos suficientes para creer que continuará así dentro de las próximas horas. El indicador +DI está por cruzar al indicador -DI, no obstante el indicador ADX se mantiene bajo los 20.0000, señal de que dicha tendencia no tendría fuerza y XRP podría regresar al canal bajista en las próximas horas. **Esto es un análisis y no representa de ninguna forma sugerencias de inversión o trading**
Short
by juanms
3
USD PESO UP WE GO GOOD EVENING EVERYONE Lets look at the usd peso ( usd/mxn ) I love this pair as this pair moves the most out out of any pair . Secondly we are going up and up and up and I love : This market tested the buyers and the buyers did what they do best pushing this market up breaking out some key levels for the sellers and we are now heading into a little correction before we see more movement up. I will be posting all my charts and recorded trades via Youtube . This pair I did enter and will be posted via Youtube for your education needs. your friend Kris www.mymentortv.com Facebook: mymentortv YouTube: mymentortv Instagram: mymentortv
Long
by mymentortv
usd peso correction then going higher ? Good afternoon everyone so lets look at the usd peso , at the moment I still do see the usd a bit bearish and that is why I feel this market we can see a correction of some sort: If the breaks further lows then I will trade the long once the correction has stopped. I do feel we still have ways to go to higher levels with this pair and am looking forward in entering this market once we have completed this correction. Any thoughts or comments I am always open and happy for feedback regards Kris www.mymentortv.com
Long
by mymentortv
USD/MXN 1H Chart: Channel DownUSD/MXN 1H Chart: Channel Down The American Dollar was trading against the Mexican Peso in a medium-term ascending channel. However, after a data release on the US CPI the buck entered into a seven hour downfall and lost 1.3% in value. Such depreciation led to appearance of the current short-term descending channel with two reaction highs and once reaction low. Since the pattern has not formed completely, the currency pair is expected to continue to move within it at least until the weekly S1 at 17.7187. Afterwards, a rebound might happen. On the other hand, by that time the rate might experience additional pressure from the approached 55-hour SMA, which could impede the climb upstairs. Finally, there is a need to take into account that due to narrowness of the channel it might be prematurely distorted by any news coming from North America.
by UnknownUnicorn890690
USD/MXN 1H Chart: Channel UpUSD/MXN 1H Chart: Channel Up The American Dollar is appreciating against the Mexican Peso in a medium-term and short-term ascending channels. At the moment, the channel consists of three reaction highs and three reaction lows and, thus, might be cease to exist in the upcoming days. The fact that the currency pair is gradually approaching to the lower trend-line of the senior channel indicates on validity of such scenario. The slip to the bottom seems unlikely because the rate proved to be quite sensitive to the 55- and 100-hour SMAs, which are moving along the pattern. A number of technical indicators also vote for an ascending movement. On the other hand, 60% of traders remain bearish on this currency pair. In addition, there is a need to take into account an impact from a release of the US macroeconomic data today and tomorrow.
by UnknownUnicorn890690
Mexican Peso: Weekly uptrend triggered, above resistanceThe Mexican Peso is now trading above the US Presidential Election key resistance level. Price could soar from here, we can enter longs and add on dips, or average in during a few days to a month. Returns are over 10% at the very least, in the coming 2-3 months. Negativity against the Peso kept many traders skeptical of this rally, all the way up. This is usually the case with any trending market. It's key to identify which are trending to ride significant moves. We can find very low risk entries using the T@M methodology created by my mentor, Tim West. Best of luck, Ivan Labrie.
Long
by IvanLabrie
4
U.S Dollar against the Mexican Peso Cup and handle Pattern 1DI am waiting to pierce and confirm first but here maybe a cup and handle pattern. I am using others Indicators to confirme a long term trend. ( RSI, CCI, 1 SMA and Bollinger Bands, On balance Volume, ADX and watching ATR also ) So if it confirms as I want with chart pattern + some indicators I will go long 2 Units. TP 1 : Sell one unit TP 2 : Sell second unit So if first TP is hit I wil be freerolling for the long term trade. I will keep updating !! Have a great one !!
Long
by TheRealCarlosP
USDMXN: Looking for new Highs?In this context I would be looking for a corrective structure and then look for a long set up in order to enter the market, however the price can also break the 19.90 area and maintain the underlaying uptrend, in this case I prefer to wait in order to have a better entry. Notwithstanding if the 19.90 holds then we could be facing a consolidation phase in this scenario a reevaluation of the context is a must before to take any trading decision. Related article in Investing Mexico - Spanish.
by JaimePantoja