USD/MXNMarket Tested Daily Support
Going Upward on daily to test daily resistance which is lined up to 0.382 Feb retracement Level
USDMXN
USD/MXN BEARISH TREND If you took my trade setup last week, congrats we caught some pips baby!! This pair is currently in a bearish downtrend. The pair on this 4hr chart recently revisited the resistance area at 22.16913 which is currently holding. if we close below this resistance area, we may see a retest of the 21.91810 support zone and we may even see price head to support area 21.46403
USD/MXN MULTI-TIMEFRAME ANALYSISHello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
USDMXN on a discending channel 🦐USDMXN on the weekly chart has retraced till the 0.5 fib level before starting a new leg down inside a channel.
On the daily chart the market has recently broke again the daily support and we can expect the price to reach the lower level around 21.500.
If the price will give us a signal according with Plancton's strategy we can set a nice short order.
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Follow the Shrimp 🦐
Here is the Plancton0618 technical analysis, please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
USDMXN Buy SetupDISCLAIMER:
My analysis is just a trading idea! As a trader you should consider your own risk:reward ratio and do proper lot sizing according to your margin and leverage level.
Good Luck!
USDMXN Buy Trade Setup for Intraday/Swing TradeUSDMXN Buy Trade Setup for Intraday/Swing Trade
Please manage your risk. Use Stop loss. And do not take blind entries.
This is just an idea. What we see.
The Market can go in the opposite direction, what we analyze. So we have to manage our risk and adopt the situation accordingly.
USD/MXN Potential BuyNew level in the market and it is being respected. Lots of dojis on the daily and I am expecting this pair to rise.
Buying with caution as it is a very volatile pair.
gold crossing - long operationIf you set the 5D chart with candlestick time at 5 minutes the rsi indicator and adx + SMA bands indicate bullish trend.
It may be the last pump that will make USD/MXN and then return to more stable and less volatile prices
cross death formation?we can notice that SMA 50 wants to be above SMA 200, be aware that free fall of the pair can come
USDMXN UPCOMING SHORT - WYCKOFF BREAKDOWNI love exotics, mainly because they pay...lol
See how this study can help your trading in the coming week.
Yellen,
One Move One Kill
US Non-Farm PayrollsThe pair failed to break out from a major resistance line, sending the pair lower towards a key support line. The US is due to report its Non-Farm Payrolls (NFP) report today, August 07. The report for July is expected to drop following the two (2) consecutive increase in the change of number employed. Expectations were at 1,600K compared to the previous increase in the report of 4,800K. Investors are worried that employees who are laid off during the pandemic might remain unemployed in the coming months. At the height of the pandemic in April, more than 20.5 million US employees became unemployed. Only 7,309K were able to find a new job from May to June. And the small projection in the change of number employed for July will cause a sell-off in the US dollar. Meanwhile, recent reports from the US neighbor, Mexico, suggests that its economy is recovering. Today’s CPI report is expected to increase by 0.65% compared to 0.55% in June.
USD gaining against MXNAltho the Dollar weakness is seen accross the board, there are a couple of exceptions, and MXN is one of them. IF, USD can gain the light blue coloured level there is high likelihood for us to see 23.50 later.
Let's watch the price action on those levels
USD MXN LONG POSITION
POSICION SWING
POSICION EN LARGO EN USD MXN ROMPIO TENDENCIA BAJISTA RETESTEO EN LA LINEA DE TENDENCA TANTO EN 61 DEL FIB PARA IR BUSCANDO COMPRAS DESDE ESA ZONA CON UN STOP MARCADO COMO EN EL GRAFICO Y UN POSIBLE TP DE 1 5 SIEMPRE IR ASEGURANDO POSICIONES DESDE EL TP1 R RIESGO BENEFICIO 1 2 ASEGURAMOS BENEFICIO Y STOP LIBRE DE RIESGO.
Swing Setup on USDMXNIt has already taken out 1st resistance on daily and then fallen down from 2nd breakout trendline. It is not trading at 1st trendline and as far as it is trading above 22.20. It will reverse up towards 22.90.
Entry at market
stop at 22.195
Target towards 25.75 and 27
USDMXN ANALYSISStrong bullish wave (A) occurred after breaking downtrendline
then corrective bearish wave (B) rejected from broken downtrendline with bullish movement
MACD shows start of bullish momentum
Pair is based above HVN at level 22.3538
It's expected for coming strong bullish wave (C) to first target key level at 22.9080
then finally target supply zone at level 23.2320
USD/MXN PROFIT TARGET ACHIEVED. 183 PIPSi broke down this analysis on my previous post. i will link it so you could see. all the swings that you could have capitalized to buck some pips. if you have some question please leave a comment. or suggestion. follow me for more updates on my analysis
USDMXN TRADE SETUPIn our previous analysis, our target was achieved and hit more than 200 pips as it was a short term trade. USDMXN rebounded after testing its support at 22.8100
AFTER BROKE THE 22.500 breakout , THE USDMXN WENT ALMOST TO REACH THE OTHER RESISTANCE 22.8100 ZONE...
THE CANDLES ARE STRONG , SO LETS TRADE TOWARDS THE NEXT 23.25 AREA .We will be looking for good pips in buy trades until it touches it next resistance.
Entries should be taken only if all the rules of entries are applied.
EM currency pairs overview $USDMXN $USDTRY $USDZAREM currency pairs and exotics seems to continue their uptrend $USDMXN $USDZAR $USDRUB among the others. Now is a good moment for the trade entries.
