Possible 2.84% USD/MXNWe can see long term upside movement for the next couple week-weeks. What’s your thoughts?
USDMXN trade ideas
USDMXNElliot wave methodology of 3 WAVE pattern structure seen here, Projecting a 3 wave downtrend to continue
USDMXN LONGUsdmxn is in a Bullish uptrend the market is retesting the support zone and has rejected from the 50 and 61.8 % golden zone fib and is trying to make a New HH to continue upwards
USDMXN could have a small setback - Cryptoz18█ Operation Information
I expect after so much bullish momentum a small setback which would be quite valid since the VWAP denotes a large number of bearish orders entering in addition to the volume increasing little by little
█ Operation data
• Entry price: 20.54360
• StopLoss: 20.66287 (Loss 0.73%)
• TakeProfit Minimum: 20.39080 (Win 0.60%)
• Recommended margin: 5% of the Futures account
• Recommended leverage: 1x.
• Temporality: 15Min - 4H
✔️ Data: The user is recommended to move the StopLoss to entry once we reach the TPM or also known as the Minimum TakeProfit.
In this way, if the trend is good for a longer timeframe, it will never touch the StopLoss placed on our entry. We will only have to pay the commissions in case we get the SL at the entrance.
Being a 15-minute trade looking to take a 4H trend it is likely to have a fairly low Winrate due to the tight StopLoss however this offers us better risk management. We try to take a 4H trend using SL and TPM of 15 minutes.
This way, we seek to obtain a profit of 100% between all operations. Only 5% of the account per operation could achieve our objective and thus obtain a return of 5-7% per month of the total account. This will be reflected at the top of our profile.
█ Warning
✔️ Blockchain or FX operations represent a high risk. Therefore, this operation should not be taken as an investment recommendation. All I do is share my trade ideas publicly for the viewer to do their own analysis and decide to enter based on her own decision making. The viewer is recommended to have good risk management in their operations. To do this, take into account the fundamental data of Asset Volume, Market Capitalization, Supply, Percentage Change Price, Current Volatility, Perpetual Data, and lastly, proper Margin and Leverage management. Be careful, you can lose all your money in the future if they have poor risk management. Nothing more to say thank you very much.
USDMXN Vague Bullish PulseThe price will possibly go up and visit the QML zone before dropping to 19.64233. That is because the current 19.8 price has completed the 19.8544 zone for the high of 20.6.
20.0 to 20.2 range is a resistance zone then, and possibly, the price will fall towards 19.64 to 19.494.
For a setup like this, we'll call it neutral with bearish interests.
High Risk
USDMXN breaks bearish trendThe USD/MXN is attempting a breakout above 20.50, which will also see rates take out the bearish trend line that has been in place since last year. At the time of writing, it was doing a good job at that. A closing break would pave the way for more gains in this pair, and losses for the Mexican Peso.
Emerging market currencies have been in the spotlight amid the Fed's aggressive hiking.
There’s a risk that inflation in developed economies might prove to be more persistent – something the Fed highlighted the risk of at their last monetary policy sitting, judging from the minutes of that meeting released on Wednesday.
If that's the case, more aggressive hikes could be on the way from the Fed and other developed economies, which should further reduce the appeal of EM currencies.
Expect a summer of turmoil in EM space.
USDMXNI’ve marked the zones where to buy and the tp, we don’t have SL, but when the trade enters if it goes profit, then put the SL in BE so this way even if the market goes opposite then we don’t lose. I wish u all the best.
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USDMXN | TCT16This is just my Analysis so please be responsible for your own trades. I am still a newbie, still in the learning process, and still not profitable Yet. I am not an expert or a financial adviser. I just started Forex last February 2022. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime. ALWAYS WAIT FOR ENTRY CONFIRMATIONS!
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USDMXN| TCT16
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Will the USDMXN run counter to general dollar strength?USDMXN made a rebound this week as the USD restarted its momentum to the upside.
The US dollar has found a mild bullish impetus in Jerome Powell’s ECB forum appearance where he reiterated his hawkish outlook for the US economy. Powell believes that the US economy remains well positioned to absorb tighter credit conditions while avoiding recession and rising unemployment.
Looking at the 4-hour chart, we can see that the USDMXN price is firmly in a consolidation zone between the 61.8% and 50.0% Fibonacci levels. While spending most of the past few days testing the 61.8% level, leading to an eventual strong rejection, the pair is now looking like it wants to test the 50.0% level, possibly forcing a downtrend.
Look for a rejection of the 50.0% level, and the creation of a lower high on the downtrend. A breakthrough on its first real test of the 50.0% level would see an emboldened bearish trend encountering the strong 38.2% level. Overcoming the 38.2% level will be no small task for the pair but doing so would see the USDMXN confronting the strong demand zone at around 19.40 and 19.70. This is where you might expect a stubborn level of support, compelling a bounce back to the upside and the creation of the lower low.
On the other hand, a break on the 61.8% Fibonacci level to the upside might continue the bullish rebound as viewed on the 4-hour timeframe. In this scenario, the pair might continue to the strong supply zone between 20.4 and 20.7.
Usd-mxnSelling now, stop loss above the rectangle, and a buy transaction, which is attached to the top of the rectangle
🔥USDMXN Buying Opportunity🔥Hello traders, how are you?
Since last week I have been looking for a buying opportunity for the USDMXN pair, the price approached a very strong support, a support that has not been broken since the eighth of December 2020.
There is also a divergence on the 4h frame for CMF, VWMACD and MOM , this gives a strong indication of the price reversal from the current price or from about 19.55.
Of course, it is better for you to follow the price on Monday and decide to enter on Tuesday to see the price behavior, or you can enter from the current price with a SMALL lots and the consolidation will be from the price of 19.55.
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Good Luck To Everyone .
USD/MXN, maybe down to 19.80 zone.we take this position at the time of breakdown at the zone of $ 20.20, and there we go, my espectation is that price arrive to the 19.80, if the price broke the 200 moving average ( subjective indicator) that many see like a major support, will see.
USDMXN Higher returns on going long here.The USDMXN pair has been one of the most consistent buys in the forex market historically. In the last 6 years in particular there is a very clear Higher Lows trend-line that Supports the price and initiates major rallies when it is touched. The last contact with it was on May 30 and as expected, that caused a strong rebound. So far however it is contained within the Channel Down that started on the November 29 2021 High.
As a result, our macro strategy on this pair is to either buy after the Lower Highs trend-line of the Channel Down breaks and set a target near the 1.0 Fibonacci level or buy near the 6 year Higher Lows trend-line again and target the Lower Highs of the Channel until it breaks.
If the 6 year Higher Lows trend-line breaks though, take a sell towards the Lower Lows (bottom) trend-line of the Channel Down. Given however that the 1W RSI has its 4 year Support Zone where it just bounced last month, the chances for a bullish break-out are greater.
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USDMXNThere is a breakout and retest scenario here. We think this pair will sell. However, do your own analysis and be careful with high spread in case you want to enter the trade.
USDMXN | TCT09This is just my Analysis so please be responsible for your own trades. I am still a newbie, still in the learning process, and still not profitable Yet. I am not an expert or a financial adviser. I just started Forex last February 2022. I am posting this for my Portfolio and Trading Journal Purposes so that I can review my past trades with my Progress anytime. ALWAYS WAIT FOR ENTRY CONFIRMATIONS!
FEEL FREE TO LEAVE A COMMENT
USDMXN | TCT09
Thank You! ☕️
#thecoffeetrader
#yourconfluencepartner
#usdmxn
is MXN attractive?...a contrarian view.USDMXN seems to be moving within a downward channel for the last 6 months. Banxico's more proactive monetary policy (rate hikes) than most central banks, particularly in developed markets, have supported the Peso during this period with a few bouts of risk off, like the one of the last few days, that have pushed the cross close to the upper limit of the channel once again. Banxico is expected to continue to hike rates, while the market is also already pricing in over 300bps of hikes from the Fed in the next few months. If Powell does not deliver 75bps tomorrow (as the market fears) expect the Peso to rally once again towards the bottom of the channel as USDMXN currently looks overbought on most technical indicators....
Usdmxn June 2022Very good price action I actually was looking for longs and a swing position to get in with northside and we got in he’s up some racks . Textbook plays. Get in where you fit in
USDMXN bullish scenario:As a top-15 oil-producing country, Mexico is tied to its natural resources. The peso shows a tight correlation with other commodity-based currencies, including the Brazilian real (BRL) and the Colombian peso (COP). This interdependence increases the importance of energy fluctuations as well as of data that move crude oil and natural gas futures markets. If the price of oil continues to rise and inflation in the United States grows, the prospects for the appreciation of the Mexican peso against the dollar will increase.
In this pair, technical analysis shows a technical figure Falling Wedge. The Falling Wedge broke through the resistance line on 12/06/2022. USD/MXN is forming a bullish formation on a daily chart. If the price holds above this level, we will have a possible bullish price movement with a forecast for the next 27 days with a target of 20.5038. According to the experts, your stop loss should be around 19.4132 if you enter this position.
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