USD/MXN Mirrors 2017 Reversal; Elliott Wave Pointing Lower Back in 2016–2017, we first saw a very sharp recovery on USD/MXN, but when Trump took office in January 2017, the market reversed strongly lower, falling all the way from 22 to 17.60, lost nearly 20% . That very similar pattern is now becoming visible again with 2024–2025 price action. Last year, af
USDMXN Short Trading Plan: Break out Strategy## Entry
- Enter short when price breaks and closes below major support
- Optional: wait for retest of broken support before entry
- Price below moving averages
## Stop Loss
- Swing high above broken support
- Risk maximum 2% of capital
## Take Profit
- TP1: Previous swing low (30% position)
- TP2
USD/MXN Continues to Fall Below the 20 Pesos per Dollar LevelOver the past five trading sessions, the USD/MXN pair has declined by more than 2%, as the Mexican peso continues to gain ground against the U.S. dollar. This bullish trend in the peso is partly driven by the ongoing weakness in the U.S. dollar, as reflected in the DXY index, which has fallen to 99
USD/MXN Outlook Mired by Failure to Test Yearly HighUSD/MXN is under pressure following the failed attempt to test the yearly high (21.2943).
USD/MXN snaps the range bound price action from last week, and a move/close below the 19.8990 (38.2% Fibonacci retracement) to 20.0120 (38.2% Fibonacci extension) zone may lead to a test of the monthly low (19
USD/MXN Rebound Stalls Ahead of March HighThe recent rebound in USD/MXN appears to be stalling ahead of the March high (20.9997) as it fails to extend the series of higher highs and lows carried over from last week.
In turn, USD/MXN may consolidate over the coming days as it holds below the weekly high (20.5430), and a close below 20.3200
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Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The value of the USDMXN pair is quoted as 1 USD per x MXN. For example, if the pair is trading at 1.50, it means it takes 1.5 MXN to buy 1 USD.
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