MXNUSD trade ideas
Usd/Mxn Buy IdeaDaily Trend is up
Price pulled back into the moving averages
Hour 4 Printed a Double Bottom Chart Pattern
Buy and hold to the top
This idea will make great money as this pair has huge swing but please use risk management
USDMXN - SETUPUSDMXN Let talk about USDMXN, price is moving in a round bottom format and trying to reach the upper level. The only watch-out area is 20.87, which acted as support now become a resistance to break. Price already bounce three times from the support zone which is now strong support. So we can expect the trend will favor the bulls, they can pull the price towards the 21.0 level. Good Luck!
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.
USDMXN Bull I am looking for a breakout to the highlighted portion.
USD is stronger than the peso and there is no negative news that should fluctuate price from technical points.
Lets see what happens
USDMXNI will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like this trade a lot. I honestly left my crypto trades for this to study this more.
What do you think?
MXNUSD [16Dec2021]Let's go, we caught the last drop, it is still bearish today, with vol dropping. and the lower high.
This may come to fruition next week, so this week I'll be looking into opening positions at the right place.
Goodluck
Redd
How to pick targets Here's is a great exactly of the typical of structure we like to target the left is a real high the right a cluster high or fake high
The market won't drop until it take it out in hence price hadn't dropped n almost a year now it's gathering the mom to go up n kiss it u can find a position entry if u know how to find that spot if ur not skilled then u can just wait for price to get there n short the exit n ride it dwn !!!!!!!!
MXNUSD [14Dec2021]Followup to the plans (below). If you followed you have nice short entries running right now.
I bagged some profit yesterday, and the bearish trend is still strong with DXY showing short term weakness in its bullishness. We might get MXN at the top end of the range soon, looking forward to shorting this again.
Good luck
Redd
USDMXNUSDMXN is back to a key area of support . Since we saw a clear, Strong impulse to break out of previous support, now its back to test it before continuing the bullish momentum.
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.
MXNUSD [13Dec2021]Background bearish signal is getting stronger as it is approaching the top end of the range. Volatility is still notably high and it is decelerating. Usually this happens when approaching the top end of the range due to volume balancing.
I will wait to short more at the top of the range.
Good luck out there
Redd
Peso correction - USDMXN LongThe Peso has had a smaller run to the upside and institution have been peso long. However last data showed an increase in shorts on the peso and therefor
we think maybe we will see USDMXN going higher.
This is one of our favorite pairs to trade and maybe its because of the tequila =)
Happy smart trading!
MXNUSD [10DEC2021]Follow up to the yesterday's plan (link below).
Vol is slowly dropping and the price is getting closer to the top end of the range. I will look into shorting incrementally. And the plan might come to fruition next weeks, let's see how this goes
Redd
MXNUSD, Immediate term trade and trend [09Dec2021]With slow raising volatility and getting close to the top end of the range is a good setup to start thinking about shorts. Let's see how this goes, I will update here as soon as the signal confirms.
Redd
USDMXNThe last time price reached the 21.80000 resistance area, it was sold off aggressively. This time round, price wasn’t sold off as aggressively when it reached the resistance area. But the fact price still rejected the area, gives me a sell bias for this pair.
USD/MXNUSD INDEX Statistics SPECULATORS | COMMERCIALS
– Percent of OI Longs: 80.5 | 3.1
– Percent of OI Shorts: 11.8 | 80.6
– Net Position: 35879 | -40442
– Gross Longs: 42010 | 1634
– Gross Shorts: 6131 | 42076
– COT Index Reading: Extreme Bullish | Extreme Bearish
Scenario A: Wait for the bears market to turn into a bull market following the major trend, along with testing of the rejection zone.
Scenario B: Bears could slight break rejection zone testing 20.874
Scenario C: Breakout from the rejection zone and continue the downwards movement (Invalid analysis).
Recommendation: Let the price at least test the rejection zone and FAIL before looking for a longing opportunity
USDMXN Bullish Fibonacci PullbackUSDMXN is near completion of a bullish fibonacci pullback pattern. It is extremely important for price to reject the marked area multiple times as price is near a daily high and long opportunities must be open carefully.
USD/MXN: Movement Lower Trades Near Important Support LevelsThe USD/MXN has experienced a volatile trading range the past handful of days in the wake of the Omicron coronavirus news. After touching a high water mark of nearly 22.16000 on the 26th of November, the USD/MXN has seen selling and a low of 21.11000 approximately was tested yesterday. A reversal upwards was demonstrated after Wednesday’s lowest depths, and the high for yesterday was displayed near the 21.51000 mark afterwards.
However, after hitting this high and seemingly running into a strong amount of headwinds, the USD/MXN did turn lower again and the Forex pair is currently trading slightly below the 21.40000 level. The global Forex market continues to exhibit choppy conditions as financial houses try to achieve a calmer trading landscape, but it is likely the next couple of days will continue to remain rather challenging.
Intriguingly, the USD/MXN did test important support ratios when its low of 21.11000 was made. The USD/MXN was also trading near this juncture on the 23rd and 24th of November, which was before the Omicron news caused a hysterical reaction in the markets. The notion that this level was acting like support before the outbreak of recent headlines suggest the juncture of 21.11000 may be seen as an important inflection point. Traders may believe this level could be tested again in the near term, and use it as a potential target if they are selling the USD/MXN.
However, it should be pointed out that the 21.11000 mark is actually a distance away from the current price of the USD/MXN. Short-term traders may produce solid results speculatively if they wager on selling action when current resistance levels come into sight, and then aim for nearby support around the 21.32000 to 21.29000 marks. Volatility is likely to remain a staple of USD/MXN trading in the short-term and traders should certainly not be over confident.
Bullish traders looking for more upside to develop should also practice caution. Waiting for support levels to be touched and then igniting buying positions may prove to be worthwhile, but like all Forex traders under the present conditions, they are advised not to be overly ambitious. Focusing on the short term for all traders over the next couple of days, may prove to be a healthy trait which helps limit exposure to potentially volatile moves in the USD/MXN.
Mexican Peso Short-Term Outlook
Current Resistance: 21.41000
Current Support: 21.28000
High Target: 21.53000
Low Target: 21.12000
USDMXN - SHORTAfter a few weeks of consecutive upwards movement, we are taking advantage of the short retracement, aslo influenced by our DXY index. Nice swing position, 2 to 3 days.
usdmxn shortswe have a potential sell on usdmxn
this would be a short term sell with trailing stop loss we have prce at a premium and want to take this to lower leverls.
USDMXN MarkupThe news of Omnicorn variant emerging in South Africa caused many countries close their borders and other African travel, which has impacted the price of Crude Oil on fears of lesser demand, of which Mexico is a major exporter, leading to the peso to to a new 1-year high price.
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.
I could see rejection on the .382 or .5 then push to the downside
