USD/MXN going up?The pair has broken the down trend line and a probable up movement is expected. Take your profits early, as the pair is in a down trend since the Corona crisis.
USDMXN trade ideas
USDMXN Daily and Weekly TrendThe daily chart of USDMXN is back in step with the weekly trend.
Weekly Snapshot:
USD/MXN; Get ready for the turn!This pair is about to hit major support where it's likely not only to hold but turn and then go on a tear to the upside.
The indication is for a +20% run here, from the buy zone, making it well worth the wait - and then a major Buy.
Pmi's Will Make Or Break Usd/MXnPmi's Will Make Or Break Usd/MXn
Projected to come lower than expected it could be the signal that tips the market back into recession fears
Heavy reaction is expected here as goods balance and trade have been circumvented through Mexico as of late
Technically we are at a historic bounce area, a decent area of demand we are leaning towards a bullish bias with the trigger being any strength off this level
USDMXN - SHORTSelling only after the retest of the HMA
**This is just my trading thought process and does not constitute as financial advice.
**Please trade with proper risk management**
USDMXNUSDMXN opportunity for long. This setup trading idea is for intraday. >> TAYOR
I'm just giving an idea, it's up to you to follow.
USDMXN BULLISHAll my indicators point to a very bullish USDMXN, i will be investing in this over the long term. Price should reach around the 18.8 mark.
USDMXNPresently we are in a profit taking season against the dollar that has sponsored a bearish outlook. We have a change of character and break of structure that informs our bearish outlook targeting the unmitigated demand at 16.76 price handle. We are anticipating activation of our sell li it orders at 18 price handle.
MEXICAN PESO STRENGTH I've initiated a short trade on this exotic pair, aiming for a target range of 17.45 to 17.50. The market dynamics seem favorable for a bearish move in this trade, and I'll be closely monitoring the price action for potential opportunities. If you're curious about how this trade develops, stick around for regular updates. Remember, trade wisely and manage your risk!
USDMXNFuhhhh USDMXN follow our setup. Congrats guy ur hold until 1st TP. put BE to next target 2nd TP. >> TAYOR
I'm just giving an idea, it's up to you to follow.
Usd/Mxn Buy IdeaThe Trend is up...
We have a pullback... We have a double bottom on the day chart...
If you buy Usd/Mxn you are buying in a uptrend...
But there is one thing!! This is a exotic pair and you need to use extreme risk management because it can shoot up and down in gigantic waves...
So please trade this one at your own risk..
Good Luck
USDMXN :BUY DAY HIGH MADE FIRST-TAYLOR TRADING11 Months: First close below sma with Pin ball Buys
3days: Made 1-2 Pin ball Buys
Intraday divergence and expecting test of previous Low and continuation during US session
Look for Entry Pattern on Small Time frame:
15minutes already showing Divergence, Further 5 Minutes should Follow suit with range and then divergence, currently on strong bearish.
PATIENCE.................
MXNUSD ready to dumpHi traders
We can see an on-boing classic distribution on MXNUSD daily chart.
RSI is in a downtrend which shows that there's less and less strength in the market.
When it comes to the price action, lower highs and lower lows suggests that we are about to get a mark-down and it may happen pretty soon.
3 targets (take profit levels) for shorts are shown on the chart.
Good luck
USDMXN: Channel Up calling for pullback buy.USDMXN has converted the 1D MA200 to support and is rising steadily inside a Channel Up. The 1D technical outlook is neutral (RSI = 54.479, MACD = 0.196, ADX = 35.456) so once the current pullback towards the 1D MA50 and the bottom of the Channel Up, is completed, we will buy again and target a new +5.93% rise (TP = 18.8000). A 1D candle close under the 1D MA50, will be bearish, aiming at the S1 level (TP = 17.000).
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The 18.5000 level is more important than you think!The USDMXN 18.5000 level has capped the rally in recent weeks. And you can see the strong descending trend line capping the market. Even the rally this week has tried to keep a "lower high" but we think this is just a byproduct of the descending trend line. A break of the 18.5000 level would target 18.8700, but 20.2100 would be more likely. While above the 200dma we expect a break of resistance.
You should keep a close eye on the RSI (lower panel) on a breakout. If price moves higher, the RSI could be a good gauge to see if the trend will continue with a confirming move higher, or potential divergence which could signal we hit a near term top between 18.8700 to 20.2100.
Looks like it wants to close under the trend line. Looks like we want to break the trend line. 1 hr candle looks like it wants to close on the other side. Could be a good scalp down. If it plays out and you missed it, there is always a retest where the candles closed below. You should have a 2nd opportunity there too.
Good luck out there. Hopefully in the next half hour, we should know if were staying up or down. Protect your bag, set your sl.
Oct 22th, 2023 - USDMXN to 17.77?Last week USDMXN traded between 17.85 and 18.46. Given Banxico's decision to maintain its benchmark policy rate at a record high of 11.25% at its September 2023 meeting, as widely expected, and FED's expectation to hike rates if the economy remains hot... Short term, (weekly) my bias is for dollar weakness. I am looking for dollar strength around the 105.917 DXY handle....
This move could possibly lead to MXN nearing the 17.77 handle for this week.
This is not financial advice by any means, I am not a licenced financial advisor and these are just my points of view of the market.
FX:USDMXN
USD and Mexican Peso Currency UpdateSee the cart and comments about the currency pair.
It could see some resistance here and trade back in between the wedge for some time still.
Eventually, it will break out of this wedge and establish the trading zone.
2 upcoming scalps. You can pick your favorite.2 ideas for this chart. If we close on the top side of the diagonal yellow line is a possible buy. If we don’t close we can take a sell. There will be a shake out so make sure you have stop loss active.
USDMXNUSDMXN price for SHORT opportunity. This setup just for intraday only. >> TAYOR
I'm just giving an idea, it's up to you to follow.
USD/MXN - Buy Idea 💡🎯The price of the dollar has fallen significantly until the beginning of August, showing a decline with considerable bullish strength.
- We hope that the price of the dollar reaches at least 19.5000.
- We have to wait at least for the price to fall since it has taken a target this week, we expect the price to fall back to the 17,000 -17,300 area
Mexican inflation is dropping but not fast enoughToday we saw the Mexican inflation come out lower than expected but it is not where the Mexican central bank wants it to be yet. For that reason, the work to slow inflation down is not done yet and they will have to at least keep the rates high... On the technical side, we see price failing to create a new higher high and we just broke below the structure for a potential short term bearish movement.
