USD/MXN BULLISH?Mexican peso is heading to 18.00 as the the us dollar gains strength after ppi data on Friday
MXNUSD trade ideas
USDMXN LONG SL & TP ON CHARTI believe in the coming few years the peso will go back to $18
Will be consistently looking to long USDMXN
Interest rates of the peso will be reduced, albeit slowly.
I think trump will be back in office which will affect the peso significantly.
Price action wise 16.4 looks like a favourable entry from previous respect of this level on higher timeframe.
0.5%-1% risk
USD/MXN BULLISH?Mexican peso has been appreciating because of the declining dollar ,CPI print tell us that this might be a short term pullback
USD/MXN BULLISH?Mexican peso has been appreciating because of the declining dollar ,CPI print tell us that this might be a short term pullback
Crazy people making crazy claimsRecently news outlets have been reporting in 2 things about the US-Mexico relationship 1st is the super peso. 2nd is the lowering of interest rates in the USA. When looking at the news I saw multiple articles contradicting themselves. Saying things like "the mexican peso got stronger because of the rasing inflation" or as in this one where it says the "the advancment is atributed to the coments of Jerome Powell, which gave hope to rate cuts" as you can see in this one : elmanana.com.mx
Meanwhile you have this one which shows raising inflation in Mexico, which I have to admit it's true, the cost of living in mexico is rising. This means that every day the mexican peso es less able to afford goods or services.
www.msn.com
On the other hand with the united states' recent slight decrease in inflation has prompet the FED to be more inclined to realize a rate cut. This in order to boost the markets before the elections. This is very likely to excite the markets, as money from bonds will likely migrate to the stock market. Contrast this with Mexico where the central bank is claiming to reach it's inflation target by the end of 2025.
www.msn.com
For these people I have some basic economic facts they should be aware of. When you have rasing inflation your currency doen't apreciate it depreciates. Thats because you aren't able to afford buying as much with the same amount. Therefore if the inflation of you currency increases while the inflation on another currency decreases then the most likely outcome is that the decresing inflation currency will apreaciate in contrast to the other one. Aditionally if the US market begins to grow at a faster rate in contrast to the mexican market then the currency will also depreciate. Therefore saysing that the lowering of interest rates in the USA is good for the mexican peso is just insane.
Intraday RSI's oversoldIntraday Update: The USDMXN has broken the 17.88 support as the market closed on this level in North American trade, however, intraday RSI's are oversold and could mark a key low if formed today.
usdmxn short #usdmxnAfter USDMXN broke the triangle downwards, it tested this resistance and made a lower bottom. It will drop to 17.9 levels soon.
USDMXN LongIt is true that DXY is bearish at the moment, but this pair has shown enough sign that it will shoot up.
1- a Morning star formed
2-a hammer formed
3-A bullish engulfing candle
4-trendline broken
USD/MXN Daily AnalysisWe may be seeing a change of cycle on this pair with a potential lower high being formed after price rejected the 61.8% retracement. A break of Fridays low could signal further downside.
look to go bullish Emc Setup on the peso this will be a Swing play so the entry was hit last week fri. so lets see how she wants to act...
USDMXN Major long-term bullish break-out after 4 years!The USDMXN pair broke above the 4-year Falling Wedge and so far stopped the rise just before it tested the 1W MA200 (orange trend-line). The last time the pair had a similar long-term bullish break-out was on the August 01 11 break-out.
Following a 5-week consolidation, the price then extended the aggressive rise marginally above the 0.618 Fibonacci retracement level. As a result, we expect another strong bullish wave soon, and our Target is 21.6500 (exactly on the 0.618 Fib).
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USDMXN found supportIntraday Update: The USDMXN has found support near the 38% retracement and also the spike high from April near 17.90. Dips in the USDMXN may find buyers now below the 18.00 level intraday.
USDMXN Short AnalysisLast week, the price of USDMXN rejected the significant psychological level of 19.00. From the COT index, we can observe that the pair has been muted for an extended period. However, I see value in buying MXN leading into July. 🌞
🔍 Analysis:
I expect the price to trade down to 16.50 before more consolidation.
There is a large imbalance at 17.13.
The previous swing high has been taken, indicating that buy stops have been taken. We can now expect a move downwards, aligning with seasonality patterns. 📅
📉 Trading Plan:
I'm waiting for the price to come back to 18.40 to enter a sell position.
Entry: 18.40
Stop Loss: Above the last swing high at 19.05
Targets: 17.50, 17.00, and 16.50 🎯
This strategy aligns with the current market dynamics and seasonal trends, making it a compelling opportunity. Let's see how it plays out! 📊
Happy Trading! 🚀
#USDMXN #Forex #TradingStrategy #TechnicalAnalysis #MXN
USDMXN BUY-STOP ORDER!!!!!!!!!!!USDMXN have been moving on a falling wedge am expecting a breakouts from this current buy side liquidity and a retest to keep the price stable till target is completed
BUY-STOP ORDER 18.47175
JOIN AND ENJOY
Tell us your views
(USDMXN) Analyzing the Impact Mexican Peso Depreciation1994-2024 Past Trends and Future Projections
Assessment of Former Mexican Presidents' Management of Peso Depreciation Against the US Dollar
Ernesto Zedillo Ponce de León:
Presidential Period: December 1, 1994 – November 30, 2000
Depreciation Peak: $10.75 USD/MXN
Time to Peak: 1492 days
Summary: Zedillo's term saw significant economic challenges, including the aftermath of the 1994-peso crisis. Despite efforts to stabilize the economy, the peso depreciated considerably during his tenure, reaching a peak of $10.75 USD/MXN.
Vicente Fox Quesada:
Presidential Term: December 1, 2000 – November 30, 2006
Depreciation Peak: $11.70 USD/MXN
Time to Peak: 1249 days
Summary: Fox's administration experienced moderate depreciation of the peso, with a peak rate of $11.70 USD/MXN. His tenure was marked by efforts to improve economic stability and growth.
Felipe Calderón:
Presidential Term: December 1, 2006 – November 30, 2012
Depreciation Peak: $15.56 USD/MXN
Time to Peak: 852 days
Summary: Calderón's term saw a more pronounced depreciation of the peso, reaching a peak of $15.56 USD/MXN. Global economic instability and domestic issues influenced this significant depreciation.
Enrique Peña Nieto:
Presidential Term: December 1, 2012 – November 30, 2018
Depreciation Peak: $22.03 USD/MXN
Time to Peak: 1523 days
Summary: Peña Nieto's presidency experienced severe depreciation of the peso, with the exchange rate hitting $22.03 USD/MXN. Economic reforms and global market conditions contributed to this peak.
Andrés Manuel López Obrador (AMLO)
Presidential Term: December 1, 2018 – November 30, 2024
Depreciation Peak: $25.77 USD/MXN
Time to Peak: 517 days
Summary: AMLO's administration saw a rapid depreciation of the peso, reaching $25.77 USD/MXN, influenced significantly by the economic impact of COVID-19.
Future Outlook: Claudia Sheinbaum (Predicted)
Presidential Term: December 1, 2024 – November 30, 2030
Predicted Peak Rate: $30.00-$34.00 USD/MXN
Predicted Time to Peak: 1126 days or so.
If the current upward trend in peso depreciation continues, an estimate can be made based on historical data from previous presidents. Here's a possible scenario:
Projection for Claudia Sheinbaum's Term
Average Time to Peak: Using the historical data, the average number of days to reach the peak depreciation can be calculated. The average is approximately 1126 days (1492 + 1249 + 852 + 1523 + 517 = 5633 / 5 = 1126.6).
Predicted Depreciation Peak: If the trend continues and considering the impact of recent trends, the peak could potentially surpass previous highs. Estimating conservatively, the peso could reach a new high, possibly around $30 USD/MXN or higher, depending on economic conditions.
This projection assumes that global and domestic economic factors continue to influence the peso similarly to past patterns. However, it is important to note that predictions can be highly uncertain and influenced by various unpredictable factors
The Bars Pattern (in red) is a visual representation of how the price could behave over the next six years. Please note that past performance does not guarantee future results.
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USDMXN at triangle resistance Intraday Update: The USDMXN is at triangle resistance intraday. A break of the 18.60 level may expose a move back to the 18.77 level.
USDMXN sellThis pair is bullish overall, but on W1, we anticipate a retest after the weekly impulse move before moving up again.
The sell call is based on the break of the H4 upward trendline.
Trade Like A Sniper - Episode 44 - USDMXN - (14th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions.
A couple of things to note:
- I cannot see news events.
- I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range.
- I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks
In this session I will be analyzing USDMXN, starting from the 3-Month chart.
If you want to learn more, check out my TradingView profile.
USDMXN at supportIntraday Update: The USDMXN has come back to the key 18.50 level and could allow for buyers to step in near term.
USDMXN 18.50 will be support nowIntraday Update: The USDMXN has just squeezed higher towards 19.00 (likely a barrier there) ahead of the CPI and FOMC today as America time zone traders are getting in front of computers and closing any remaining shorts as the pair was comfortably above 18.50. Any dip back to 18.50 today may find buyers now.
