USDMXN LONG - BIG BULLISH SWING!Waiting for another retest of 19.96417 to long USDMXN back to the 4H Target at 20.21895
If you agree drop alike and if you have any questions drop a comment :)
Usdmxnlong
USDMXN | POSSIBLE UPSIDEUSDMXN is trading in bearish parallel channel. Price has bounced from the suppport of the channel making higher highs and higher lows.
one can attempt for long position as breakabove will give excellent returns
USDMXN potential upsideUSDMXN has broken the double bottom neckline and looking to make new highs to the upside. It is only a Buy when price action does not break the previous low and bounces off the flip zone to the upside. Trade with care & good luck.
USDMXN LongUSDMXN just bounced from the weekly support and making a double bottom on RSI on Daily time frame.
it should hit around the mention TP of 20.4 area.
KEEP SL below the line
Keep watching ..!
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US DOLLAR VS MEXICAN PESO while the peso keeps going down this is a perfect opportunity for buyers taking over control
USDMXN | Bullish Trend USDMXN | Bullish Trend
USDMXN has given a breakout from the falling trendline confirming a good bullish trend. The current price is expected to correction to the possible support zone before starting its upward journey again.
alternatively, if bears manages to break the support zone. More bears will join the party.
Trade your levels accordingly.
USDMXN | Bullish SignsUSDMXN is almost bottom out. We are expecting bulls will breakout from the falling resistance (white line).
To negate this view, bears will break the support zone and void the bullish diverigence.
Trade your levels accordingly.
USDMXN, the best level?Hello everyone. As it is stated inflation has rate 7.5%. How it influence to USDMXN? My prediction is: 25-26. Good luck in trades, buddy.
USDMXN LONG OPPORTUNITY, HIGHLY OVERSOLD!!!Rate hike expectation is up, inflation is not gonna fade soon. Fundamentally strong USD. USD strong toward first hike is the best bull.
USDMXN | Upside Intact USDMXN is trending in a good momentum, making HHs and HLs, we are expecting bulls to be active from here and push the price from here to recent high. To support my view, Fib number 0.618 has also given support and trendline is backed by it too.
Trade your levels accordingly.
USDMXNWe are taking USDMXN Long
We believe this trade is going to be wild soon 😎
I am in this trade and we are expecting bullish momentum
Good luck guys 👊
USDMXN LONGLooking for more long positions.
If price can hold above 21.46 then we could see price continue to push to upside for the rest of the week.
Its been a strong month for this pair. unltimately if price retraces i could look for an entry at TP5 or 6
USDMXN LONGUSDMXN long retracement;
Sellers are getting exhausted as seen by the CCI indicator, the price is at a strong support level and the down fractal indicates a bullish trend.
FOREX ANALYSIS : USDMXNFX:USDMXN
The blue and red lines mean: I think prices can return in these areas.
Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets.
If you want to use this deal, please risk only one percent of your account balance.
USD/MXN BUY LONG TERMUSD/MXN Analysis; Price will continue buying long term from support zone price $20.90170 up to next daily resistance zone price $21.98530.
Long Opportunity on USDMXNAccording to Price Action
Résistance level Broken
CCI Above 200 Confirmation
USDMXNThis exotic currency pair has been in a bullish trend over the past few weeks, due mostly to USD strength. The news of the origin of a potentially dangerous coronavirus variant emerging in South Africa at the end of last week caused many countries to shut their doors on South African and other African travel, and strongly hit the price of Crude Oil on fears of lesser demand, of which Mexico is a major exporter, causing the Mexican peso to nosedive and send this pair sharply higher to a new 1-year high price on strongly above-average volatility.
Unless it is quickly discovered that the omicron variant should not be as problematic as feared, it is hard to see how Crude Oil and henceforth the Mexican peso will not make a further sharp fall over the course of this week.
The Japanese yen is stronger than the USD so short MXN/JPY will probably be a better trade if your Forex broker offers access to it.
USDMXN. P-Modeling Pt A. The Peso Derivative Safe Haven for USD Welcome Hyperspace Travelers,
This is a time-series analysis of the macro 1 week timeframe of USDMXN.
It is of my opinion that the Peso is going to see a nasty hyperinflation cycle.
TP: 31.1
In previous instances, a rising DXY is a catalyst for a rising Peso; as weight of the co-variance of R becomes redistributed fundamentally.
A rising USD, at specific cyclic points, proposes that a major US equities crash, paired with a re-weighting of forex co-variance will cause a hyperinflation cycle in the Peso.
In a way, in 2008-2009, it helped strengthen the Peso.
In 2020, it also helped strengthen the Peso.
I say strengthen because weighted distributions will allow the Peso to have more "weight" against other currency pairings. This is a hallmark feature of strength. Higher weight distribution of co-variance of the overall monetary pool into Peso makes it stronger.
Think of Peso as a derivative. For many years, the Peso has slowly accumulated "weight" from the primary pairings against USD.
Upon a substantial rise of DXY. The MXN Peso becomes a derivative safe haven for the USD. Thus we hyperinflate it. As previously shown at times of DXY strength 2008 and 2020.
Overall this is great for the Peso on the longer term scale. But not so great for the short term of the Peso for Mexican citizens.
We can see after the hyperinflation we engage in a few years of re-equalizing the slope at 32 degrees.
I may absolutely be wrong. But I really think this makes perfect sense.
Thanks for Pondering the Unknown with Me,
Glitch420
USDMXN double top complete (almost)USDMXN is nearing trend line support and 88% retrace, double top target at 19.9100, should find support near these levels.
