|Bullish retracement to guide USD/MXN|
|Tue, 28 Mar 2017 11:17:42 -0500|
Ultimate highs at 21.96 sent USD/MXN packing in a double top formation, and the cross has been trading on a slip ever since. Trend-lines switched slopes, but the pair managed to remain inside the bounds of a channel down pattern for a month, losing amplitude for lows just recently, and creating a bullish setup. Due to the fact that the pair has just broken a bearish rising broadening wedge pattern on the larger time-frame and should call for a retracement of the area before a major downfall (on the monthly and weekly charts), we would look for bulls to extend the takeover until early April – the scenario is currently consistent with all technical aspects that we have reviewed. A slight abandonment of the wedge bottom boundary and some signs of stickiness on the upside suggest that the pair might break the wedge immediately, meaning that tests of 18.87 are most likely to be successful, leading to a correction and a rally after that. The area is, however, strengthened by 18.89, the Fibo Expansion, and might take some more tests to break. We see 19.28 as the upside target for the current wave north.
|Tue, 28 Mar 2017 05:31:16 -0500|
Hello traders, I don't know if price will reach yellow rectangle because it was already there. But that yellow rectangle is nice area to watch for short trade. If you want me to analyse any pair, just write it in comments :)
|For Trump, it was the lost art of the deal|
|Fri, 24 Mar 2017 20:25:21 -0500|
Mexico and the Mexican Peso are the "silent" winner. Europe and European Stockmarkets should be same. Quote: "For President Donald Trump, the collapse on Friday of his first legislative priority, a healthcare reform bill, was an embarrassing loss of face .... It brings into question the neophyte president’s ability to move big-ticket legislation through Congress. Source: https://www.investing.com/news/politics-news/for-trump,-it-was-the-lost-art-of-the-deal-468774
|Going Short in USDMXN (Short- Term Trade)|
|Thu, 23 Mar 2017 20:55:31 -0500|
Fundamental Analysis: The USD has been in a bearish trend since the Interest Rate Decision, and US dollar maintained most of the recent losses it had against major counterparts on Thursday, as investors held their positions in anticipation for a vote that decides the future of the GOP Healthcare plan. However, Mexican peso is doing great this days. Tomorrow in NY time MXN will have its Retail Sales (MoM) (Jan) new, the forecast is better than the previous, so the expectation for the USDMXN will be bearish in the next 12 hours. Sentiment Analysis: The USDMXN is 60% bearish. Technical Analysis: The Ichimoku is in a strong bearish short term trend.
|usdmxn buy setup|
|Thu, 23 Mar 2017 20:02:35 -0500|
|Thu, 23 Mar 2017 12:18:17 -0500|
USDMXN Long Idea Currently the pair has missed two consecutive monthly pivots. We are approaching the end of the month and the third monthly pivot (currently still forming) is currently at 19.28. Looking for long opportunities to buy long towards 3rd Monthly pivot. I have a buy limit at 18.95 (1 Unit Long) and one at 18.50 (5 Units long) Stop below 18.00
|Thu, 23 Mar 2017 08:24:15 -0500|
USD/MXN has been unable to break through the support level of 18,900 for several days. Today in the Congress debate - and with its fiscal policy against importers, Mexico will receive tax cuts and I expect to reach 50% of the last wave of decline. SL set far suggest, because in the course of debates mixed mood, you can also set a pending order BS at the level of 19.250 - puncture this level will indicate to pop up to the level of 19,450 or even higher
|Thu, 23 Mar 2017 08:22:36 -0500|
USD / MXN has been unable to break through the support level of 18,900 for several days. Today in the Congress debate - and with its fiscal policy against importers, Mexico will receive tax cuts and I expect to reach 50% of the last wave of decline. SL set far suggest, because in the course of debates mixed mood, you can also set a pending order BS at the level of 19.250 - puncture this level will indicate to pop up to the level of 19,450 or even higher
|USDMXN watch for a sell setup.|
|Wed, 22 Mar 2017 10:09:34 -0500|
Hi traders, The pair USDMXN looks like a sell. Lots of technical weakness. Use your tested trading strategy to find the entry and exit. Best regards, Tom_Killick
|USDMXN Weekly Analysis 20-24 Mar|
|Sun, 19 Mar 2017 10:29:45 -0500|
Price is nearing a critical point....if it bounces it could rise for a long time....be ready.....
|Sun, 19 Mar 2017 06:32:26 -0500|
see chart - expecting some correction to orange box weekly overbought, monthly down!
|Taco to 18£|
|Sun, 19 Mar 2017 00:34:04 -0500|
Bearish Ichi Cloud Signals 1. Price Below Cloud - Yes 2. Bearish Cloud - Yes, Kumo Twist on Previous Candle 3. Bearish T K Cross - Yes, but large disequilibrium 4. LS Below Cloud & Price - Yes Broke 200EMA for the 1st time since July 2015 Broke Yearly Pivot cleanly