USD/MXN Trade Ideas

The volatility in USD/MXN has jumped. The pair is correcting up within the downtrend, which has been in place since September. On Thursday, the price closed above 18.78 (50-day MA). The targets for the correction lie in the 19.015/038 area (100-day MA, the presumed point D of a harmonic “Crab” patte...

Trade idea SELL 19.1950; TP1 19.15; TP2 19.08; SL 19.22 USD/MXN has found itself within a rather steep downtrend. The pair has topped at 19.6550 at the end of November and during the last several days dropped below the 100-, 50- and 200-day MAs. Although in the short-term the USD is obviously overso...

Trade ideas BUY 19.64; TP 19.78; SL 19.60 SELL 19.48; TP 19.42; SL 19.50 USD/MXN has been strengthening since the start of November, although you can notice by looking at the chart that the advance hasn’t been smooth. During the recent days, the price has been trading in a kind of a “rising wedge”. ...

Trade idea BUY 19.25; TP 19.38; SL 19.21 USD/MXN has reached the support line which has been limiting its downside since the middle of 2017. The line’s currently supporting it in the 19.07 area. The price action on the D1 is in line with the parameters of the bullish Gartley harmonic pattern. As a r...

Trade idea BUY 19.51; TP 19.6670; SL 19.45 BUY 19.6150; TP1 19.6670; TP2 19.73; SL 19.59 USD/MXN was supported by the 50-week MA around 19.38 and the 100-day MA at 19.33. The pair also went above the 50-day MA (now at 19.52). On the H4, we see a series of higher highs and lows. This may mean that US...

Trade ideas SELL 20.10; TP 20.00; SL 20.13 BUY 20.30; TP 20.50; SL 20.25 USD/MXN had a very bullish August. The pair is currently testing the resistance line connecting the highs of 2017 and 2018 at 20.12. This is, of course, a very significant obstacle. Even though the USD is currently trading abov...

Trade ideas SELL 19.60; TP1 19.55; TP2 19.40; SL 19.62 Let’s try some range trading. It seems that such an opportunity has presented itself in the pair USD/MXN. This pair is quite used to sideways trading. On D1, we see that the upper wicks of the recent candlesticks have been longer than the lower ...

Trade ideas SELL 18.97; TP 18.90; SL 19.00 BUY 19.20; TP 19.28; SL 19.18 As you look for the technical trade ideas, pay attention to USD/MXN. On D1, the pair formed a bearish “shooting star” candlestick ahead of the resistance line from December high. In addition, the 100-day MA went below the 200-d...

Trade idea SELL 18.98; TP 19.90; SL 19.00 USD/MXN fell for three days in a row, dived below 50-day MA (19.15) and closed yesterday below the support line going through 2018 lows (19.04). The Mexican peso is supported by the rising oil prices, while the USD weakened ahead of the Fed’s meeting. If the...

Trade idea SELL at 19.06; TP 19.00; SL 19.08 USD/MXN is testing levels below 50-week MA (19.2130) and is vulnerable for a slide to the 100-week MA (18.9090). The pair is trading within a narrow rapid downtrend channel on D1. The next level of attraction is the 78.6% Fibo retracement in the 18.95 ar...

Trade idea SELL at 20.20; TP1 20.10; TP2 19.98; SL 20.28 USD/MXN has met resistance at the line connecting 2017 and 2018 highs. On D1, it went far from the moving averages that are currently below the price chart and will likely correct down. The dynamics of the pair resembles a “Three drives” patte...