MXNJPY LONG FINAL CHANCEDemand
Higher low
USD weakness
Jpy weakness
7 MQP
Above yearly open (bias still bullish)
MXNJPY trade ideas
Forex Signal: Sell MXNJPYDirection: Sell
Enter Price: 7.084
Take Profit: 7.03066667
Stop Loss: 7.18166667
Dear Traders,
We have identified a promising trade opportunity for MXNJPY. Our analysis signals a selling trend for the pair. Here are the key factors behind our forecast, based on the EASY Quantum Ai strategy:
1. Technical Indicators: Recent price action analysis indicates that MXNJPY is currently in a downtrend. The RSI and MACD indicators show bearish signals, suggesting that selling pressure is increasing.
2. Economic Data: In Mexico, recent economic indicators such as GDP growth, inflation rates, and employment reports have shown signs of potential weakness, which could negatively impact the MXN.
3. Global Market Sentiment: Concerns about global economic stability and risk-off sentiment have led traders to favor safer assets, putting downward pressure on risk-sensitive currencies like the MXN.
Given these insights, we recommend entering a sell position at an enter price of 7.084. Set your take profit at 7.03066667 to capitalize on the expected downward move. To manage risk, place your stop loss at 7.18166667 to protect against any unexpected market reversals.
Happy Trading!
Trade Signal: Sell MXNJPYDirection: Sell
Enter Price: 8.319
Take Profit: 8.25433333
Stop Loss: 8.41733333
We have identified a solid trading opportunity on the MXNJPY currency pair and we recommend initiating a Sell position at 8.319 . Our analysis, conducted using the EASY Quantum Ai strategy, suggests that there is a high probability of a downward movement in this pair.
Justification for the Trade:
1. Technical Indicators: Our AI-driven indicators have signaled an overbought condition in the recent trading sessions, suggesting potential bearish momentum.
2. Resistance Levels: The pair has encountered strong resistance near the 8.319 level, making it a strategic point for a sell position.
3. Economic Data: Recent economic data from Mexico shows signs of potential economic slowdown, which could negatively impact the Mexican Peso against the Japanese Yen.
Risk Management:
To mitigate risks, we have placed the Stop Loss at 8.41733333 , above the resistance level, to prevent significant losses in case of unexpected upward movement. The Take Profit target is set at 8.25433333 , which offers a favorable risk-reward ratio.
Please monitor your positions closely and adjust as necessary based on market conditions. Always trade responsibly.
Good luck!
Trading Signal: MXNJPY Currency PairDear Traders,
Our latest analysis using the EASY Quantum Ai strategy signals a BUY opportunity for the MXNJPY currency pair. Below are the details of the trade setup:
- Direction: Buy
- Enter Price: 8.342
- Take Profit: 8.44566667
- Stop Loss: 8.21166667
Justification for the Signal:
1. Technical Indicators: Our proprietary EASY Quantum Ai strategy has identified a bullish momentum in the MXNJPY pair. Key technical indicators such as moving averages and MACD have shown upward trends, suggesting that the market sentiment is favoring buyers.
2. Market Sentiment: Recent geopolitical developments and economic data favor the Mexican Peso (MXN) against the Japanese Yen (JPY). Improved economic indicators in Mexico, including GDP growth and employment rates, have strengthened the Peso.
3. Risk Management: The carefully calculated Stop Loss at 8.21166667 ensures that potential risks are minimized. Meanwhile, the Take Profit at 8.44566667 offers a favorable risk-reward ratio.
4. Support and Resistance Levels: Historical support and resistance levels around the Enter Price have been tested multiple times, providing a strong basis for a potential upward movement.
Stay alert and manage your risk appropriately. Happy trading!
Best regards,
MXNJPY Probably a short to 8.30I believe the area of 8.30 may be re-tested soon.
Probably just a support re-test.
2 FX Shorts with excellent oddsStarting with the pair which makes no sense at current levels, considering the most meager of rate differentials at +2.5% , were it not for the SNB's deranged policy of "supporting the Swiss Franc as an inflation fighting measure" (while Swiss inflation is barely holding at 2%!) and with the Swiss Franc already at nose-bleed levels.
CHFJYP; a 50 year SHORT in the making;
The main chart is the MXNJPY - SHORT , also the premier carry-trade - while equities are trying to cling to the remnants of an already burst bubble.
While the Bank of Mexico has increased the rate differential (versus the static Yen) two-fold, in short order, that rate differential remained the same since 03/2023 while this pair continued on it's upward trajectory an additional 16%, incidentally inline with the SP500's identical increase during the same period;
Both of these pairs are at multi-year technical confluences, both pressing against significant resistance and showing distinct patterns of reversal. SHORT & SHORT
MXNJPY - (massive) SHORT!The BoJ, if anything, made it's "guidance" even murkier (as if that were anyway possible) with it's most recent policy announcements. E.g., let's just say that the Yen, currently residing just below the miner-frog's hind quarters, has a better chance to start working it's way higher than otherwise. Simultaneously, the Mexican Peso, having just completed a couple of moon-shots (versus the ZAR and the USD, among others) is well positioned for a pause for the cause to catch it's breath.
This pair, being one of the premier carry-trades, is also a prime Short candidate to coincide with the much anticipated global equities weakness.
Waiting on a Daily Reversal or to see whether this pair finds in itself to make a final push for the Stop Hunt at 8.72. (Don't bet on it!)
Look for a Short Entry , anywhere here, with a short target around 6.50 ( ~25%).
(... the completed cypher is on the Monthly(!), i.e., it is very powerful!)
Here is the 480 min.;
MXNJPY $MXNJPY Initial Long (extremely high risk)MXNJPY $MXNJPY Initial Long (extremely high risk). This isn't even a tradable pair for most, but it's worth posting anyway. It's been chopped to h*ll the last few signals, let's see if we can pull out a win here. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
MXNJPYOversold Yen , Peso Has Enjoyed The Commodities Strength Per The Bcom We Could See Weakness Oil Is Generally The Last To Drop In The Business Cycle Look Out Below If This Plays Out Great R/R Trade
MXNJPY $MXNJPY Initial LongMXNJPY $MXNJPY Initial Long. TP and SL on chart. Move SL on TP. After TP2, trail with 0.5ATR step and 1.5ATR offset.
Bearish move expected on MXNJPYSaw a double top on the 4 hour graph and waited for the neckline break that happened in the last few candles. Set two targets. Aiming for the second one but you never know what might happen.
SHORT ON MXNJPYFundamentally JPY has be strong ...
Double rejection on the trend line.
We also have double top.
Then we also have bearish candle closed.
You can enter this trade when market opens.
or we wait for breakout... or price to break and reject EMA.
So basically we are on shorting opportunity
MXN/JPY - Long Buy The Mexican Peso is gaining strength against the Yen as a recovery in global growth in 2021, reduces the demand for the safe-haven Yen and increases the demand for the Mexican peso.
We look at why the Japanese Yen is a safe haven currency of choice, alongside Interest rate differentials that will play a key rol in the outlook for gains in the peso.
I give examples of entry price, stop loss using one-month ATR and take profit targets.
Buy JPY Sell MXNJPY oversold relative to MXN
Expect a rally, can be short term volatility
Max divergence on MACD
Stoch extreme oversold conditional
Potential support area, look left to confirm
if not then fade any rally on 4hr or lower time frames if not comfortable going long
Why is Yen so oversold relative?
When will support reveal?
R/R 1.68
T/P .21
S/L .2040?
Ask the Q to get the A!!!
The new trend for JPYMXN?The JPYMXN seems to have no clear trend recently. An unstable situation could be a chance for traders!
First, I use recent high and low to build a Fib and see if any candle reaches the fib lines. Luckily, I found one, and I marked the retracement with the black dashed line. This dashed line is at around 0.786 level, which is a hard level.
Next, I found a falling wedge pattern. This is a bullish signal. I use blue arrow lines to mark out the rising range, which is according to the wedge pattern. Also, the support point of the wedge pattern is the resistance point for the previous Fib.
Now let’s see the MACD lines. The reverse already shows up, so we observe a clear cross with the blue line on top. This is also a signal of rising.
In conclusion, I would say that the price may go through a bullish in the near future.
Ready to buyThe price is lowest in history so I was looking for a chance to buy, and yesterday there was a bullish pinbar, the price broke out of trend and formed a head and shoulder pattern.
MXNJPY technicaly based forecast
📌Short intro:
I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas
💡 MXNJPY technicaly based idea, technicaly indicators showing we can expect higher recovery phase, we can see price is on border of supportive trend line, based on candels formation expecting to see break of trend line and push up in price till FIBO 0.382
📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment!
Thanks on supporting!
All best, good luck!
