USDMXN
USD/MXN 1H Chart: Resistance level in sightThe US Dollar has been appreciating against the Mexican Peso after the currency pair reversed from the lower boundary of a medium-term ascending channel near 18.65.
Currently, the rate is trading near the support level formed by the monthly PP at 19.01. If given support level holds, it is expected that the pair will aim for the upper channel line located circa 19.60. Important resistance level to look out for is a combination of the weekly R2 and the Fibonacci 38.20% retracement at 19.20.
If given resistance level holds, the pair might make a reverse and go downside to re-test the lower channel line located circa 18.70.
Sell limit USDMXN Sell limit 19.06 , 19.075 ( Stop hunt zone )
or sell now with larger Stoploss
TP 18.92 or let see their pattern again
it should drop and back to its trend again.
Mexican Peso October resistance. Important resistance at the beginning of October. The review shows that we could have two likely targets, both quite aggressive in my opinion.
It is important to observe how it responds to the critical area and to remain attentive to its development.
Follow your own plan
Best wishes to all...
HIGH AND LOW SEQUENCE CHANGEDPrice break in a very fast impulse the last low so i expect a not too long retracement and then continuation to the downside until price says otherwise
Storm clouds gathering...=> Markets are still awaiting more details on NAFTA from the Canada front whilst the knife is already being stuck into the bent knee of Mexico.
=> Here we have a minor update to our chart with the lows still managing to hold for now there is nothing to see or do here...
=> Expecting USD to catch a strong bid as the Peso continues to weaken in the weeks ahead. Any dips towards 18.62x are competitive for the mid-term.
=> Good luck all trading this one
RANGE BROKENPrice finally break to the upside, ill looking for a retest and a candle pattern to enter long
Time to retracementi expect price reach the marked zone as a minimum, price creates a new high now it time to create a new low
USD/MXNFX:USDMXN In the #USDMXN chart, the price was received from the support of the channel. The demand reaction occurred in the form of a bullish pin bar formation. The continuation of growth should reach the level of 19.05. The next point for the price is the level of 19.37.
USD/MXN signaling up movement for swing tradersUSD/MXN is signaling a buying opportunity for swing traders.
USDMXN
USDMXN EXPECTING A BREAKDOWNUSDMXN is in the middle of a long term correction. I'm expecting a breakdown after the completion of this upward consolidation. Look for one more potential wave up, the higher the better.
