Will EURMXN Continue It's Descent?
Fundamentals :
Unsure
Rejection Confluence:
200ma+200ema+kijun rejection+50/61.8 fib rejection
close below 50ema and 50 kyan
tk twist
EURMXN trade ideas
BUY EUR/MXNThis pair has been on a downtrend for the past 4 years. It has finally reached a zone of demand!! So yeah it seems like a BUY to me!
eurmxn upside move possibleeurmxn upside move possible
buying above the 18.39697
stoploss 18.14601
target 18.87855
Transient and recurrence 89%This is high probability trade based on transient and recurrence theory.
Signal is for a long position with a 89% success.
TP 18,85
EURMXN Downtrend ContinuesWith oil rising, this should boost oil currencies. I believe that the EUR will continue to fall for Q3 and Q4 2023.
Eur/Mxn Buy IdeaEur/Mxn has a reversal pattern on the daily time frame.
The Reversal Pattern is a double bottom reversal pattern.
Price has given me and buy signal on the 15 min time frame.
I will buy this pair for a swing trade high and my stop loss will be under the green box area on the chart.
EURMXN bearsh out look weekly chartlooking good if it continues to the downside we will consider executing a trade for big profits
EURMXN next zonesMy actual and more recent status from la Paz, MX.
Expecting mainly, shor term EUR strenght (LONG) and medium long term MXN to remain and keep strong (SHORT).
I put the zones which I see interesting. Mexican Peso will remain strong however I see that in short term is will get a bit weaker. So those zones are OK to keep milking. Iniatially I'm LONG and then if rejections are confirmed I would prefer to go SHORT. If not I see some zones in the boxes for consolidation.
On the next two weeks I see that maybe we can reach 20.31 levels. I will see until my return after my stance in La Paz, so Ok for me the 25/03 to see again the chart
EUR / MXNWe are bellow a resistance, I need to confirm a signal that indicate me to enter. I'll sell, no more than 2/1
1/1 -> Stop 0
EURMXPBecause of the USA CPI all the Major currency and cross currency will make good movement. The pair will sell today
The price will go down.The price will go down. Head and shoulders. after head and shoulders the price should go down.
EURMXNThere is a falling wedge pattern already formed. There is a very high probability of the pair breaking to the upside. It is safe to take a trade after a breakout and a retest.
Goal: -7453.4 (EURMXN)Expect EURMXN to decrease 7453.4 units. Price closed below 20.05545. Watch for bearish price action signals.
EURMXN `` SUPPORT `` RR/20.8Looking forward to price bouncing from support.
RR is tangible. Over 20x.
EURMXN Expected Outcome: 1.09% IncreasePrice pulled back to the horizontal support level, EMA 10 support level, and EMA 20 support level. Enter a market execution order and buy limit order.
Eurmxn long idea.Possible scenario for this pair. Price is likely to reverse from that white horizontal line since its 38.2 fibbo retracement.
EURMXN may break lower. Usually I am a buyer of descending (or falling) wedges when we reach support as I typically would be looking for an eventual breakout higher. However, this time may be different. The reason why is as we are hitting support, the pair is also trading below the long term 61.8% Fibonacci retracement of the February 2020 lows (pre covid) to the April 2020 highs (post covid lockdown). The MXN has outperformed during a "risk off" market recently which is also a risk, especially if stocks overall maintain stability or rally. For now, while below the 200dma I will remain bearish the EURMXN unless we see a major breakdown of equity markets globally.
EURMXN..another wedge, another break?EURMXN seems to be attempting a retest of the downtrend after it latest attempt to break out of the wedge. There is a history of false breaks over the last 3 years, but when it goes it really goes. Stochastics look a bit oversold in the s/t so the downtrend might hold this time and fuel a move higher.
