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.
USDMXN trade ideas
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.
Neutral $MXNMXN is no longer a safe haven due to AMLO's upcoming departure and SheinPAN uncertainty. Neutral stance moving forward.
USDMXN Prime short position as it approaches a 2-year ResistanceThe USDMXN pair has been on a strong rise since July 28th, which was a Lower Low at the bottom of a 2-year Bearish Megaphone pattern. The rally has extended to a point where the price is about to test that 2-year top (Lower Highs) Resistance. The previous Lower High was priced exactly on the 0.786 Fibonacci retracement level and the new one is only a fraction away at 18.6900. We consider that current level already good enough to short, as the 1D RSI has also been on the overbought barrier (70.00) since October 03.
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USDMXN could resume the original uptrendSame reasoning as my previous ideas, this pair looks undervalued when looking at the USD fundamentals. We found a solid support and we are creating higher highs and higher lows...
USDMXN SWING BUYLooking for a simple buy this week and next week. Be patient with this trade. Market execute or await pullback to enter....Trade could possibly reach 17.55 but I'll be out at tp1. Enjoy!!!
USDMXN 02/04/2023Weekly:
-Inverse H&S pattern.
-Bullish M pattern.
-IC.
Daily:
-Bullish M pattern.
-IC.
-Next target is the daily imbalance.
4H:
-Inverse H&S pattern.
-IC.
USDMXN: TECHNICAL ANALYSIS.Hello traders,
Wave 4 has probably ended at 17.02968 zone. Wave 5 is supposed to materialise towards the
resistance zone at 17.70745-17.77245.
Thanks.
Going Short on UsdMxnPrice has tapped into liquidity, and returned back into the FVG.Looking at a decent sell to correct all the market inefficiencys
USDMX make divergenceUSDMX make divergence and break previous higher low i expect that it will go in bearish trend and it will hit my targets
Short in USDMXNToday, I opened a short position on the USDMXN due to the strong bearish trend in recent months. This trend has been driven by the attractiveness of Mexican bonds with their high interest rates. However, today's release of the CB Consumer Confidence (Aug) data in the United States was significantly lower than expected. The actual value was 106.1, while the forecast was 116 and the previous value was 110. This reinforces my belief that the bearish trend will continue, at least until reaching 16.65.
It is worth mentioning that my perspective may change if tomorrow's Core PCE data in the United States is higher than 3.9%. In that case, I will close the position as it would strengthen the dollar.
Remember that the financial market is volatile and subject to constant changes. It is always advisable to assess the data and adjust strategies accordingly.
USDMXNMy own view on USDMXN
This trading pair has been declined for many trading weeks with the strong in MXN (Long 80% of MXN by big financial institutions showed on CFTC data).
This week, the CFTC Data shows that Big Financial Institutions have closed Long Positions and Add more short Positions on MXN.
FED also prepares for raising more rate as inflation is still higher.
I expect this trading pair will be very bullish in these two trading weeks.
This is just my point of view not financial advice.
USDMXN SHORT IN PROGRESSLooks like the USDMXN is going short at the moment following a clear shooting- star candle with strong bearish closing candle, WATCH OUT!
UsdMxn Buy Signal Usd/Mxn made a reversal pattern and it is complete on the daily time frame.
Now Usd/Mxn has a buy signal on the daily time frame.
I am buying Usd/Mxn and holding the trade for a little while..
I am always trading very small and using risk management.
USD/MXN is mamking bullish flagUSD/MXN is making bullish flag as there is no divergence at the chat .so it will countinue its bullish trend.
Divergence Example and how to confirm them with ADXI am sure, you have read and seen many example of divergence. However, it's easy to miss this formation. Unless you have MACD and you are checking constantly.
If you closely look at MACD formation, the Signal in Red has cut through the MACD line in Blue. Also, as the dotted yellow arrow shows, it is going up and making higher high.
On the chart, you can see that this pair is making Lower Lows. This discrepancy and difference between MACD and chart is called "Strong Bullish Divergence".
One way of confirmation on Divergence is using the ADX behavior. Blue line is ADX line and shows the strength of the direction of the chart, regardless Bullish or Bearish. It's like RMP in the cars. Just show the power of the move.
DI+ in Green shows the Bullish move which in this case has cut through the middle line in Gray Dotted,
AND
it has cut through Orange line of DI- which it means Bulls are in charge.
Conclusion is that there is a great chance of Bullish move for some time. It's hard to predict in this particular example, since Dollar is going down dramatically.
Divergence are not 100% all the time. However, I personally check them with ADX for additional confirmation.
Good luck traders.
The Future of the USD vs Mex Peso.For those who pay attention to the USD Peso FX Currency market, I believe we are at a very critical point in the value of the PESO versus the USD.
September will be a key pivot month and a FUNDAMENTAL SHIFT for the USD is coming with the FEDNOW Service... and it is lining up to be one of the biggest factors for the Value of the USD going forwards.
The next 2 months will be KEY to your MEXICO or Foreign Investment strategy, and I will share why I believe this will be the case at our next Networking Event on Sat Aug 14 in Puerto Vallarta.
Join us to learn more about the fundamentals of the USD, the FEDNOW CBDC, and the MEX PESO. We will also look at the Technical Charts of this Currency Pair more in-depth, and discuss ways to invest, trade, or HODL.
The FX Currency Market is the biggest market in the world, trading Tillions daily. If you earn or hold USD, then this event is something you may not want to miss, because the introduction of CBDC and the FEDNOW will have an impact on your USD holdings. We will discuss various strategies for hedging your holdings or investments in USD and how you can trade markets to take advantage of any major move that could happen, starting as early as this SEPT.
If you are not able to attend in person, I will be hosting a quick online Webinar that will cover the same presentation at the Event.
USDMXN SWING5-10YR: TR PH
1-3YR: 3B Range
1YR-1-2 Bar RTM (Bullish)
NOTE:
Buy Support of PD Close candle,
