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Forex Analysis for USD/MXN

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USD/RUB and USD/MXN: bouncing downwards
USD/RUB and USD/MXN: bouncing downwards
Do you notice the similarity between these two charts? As both currencies are equally weak against the USD, the Russian ruble and the Mexican peso are following almost identical patterns. For both, we have local resistance that sent the price downwards. For USD/RUB – it’s at 75.60; for USD/MXN – 20....
0
USD/MXN: another wave down
USD/MXN: another wave down
Impression Have a look at this layout: USD/MXN crossed all the MAs to reach 20.00. Looks spectacular to suggest a tactical trend change, doesn't it? Well, most probably it's not. As we pointed out in the previous article on exotics (https://bit.ly/2Yaufc5), these currencies are notably volatile and ...
0
TRY, BRL, ZAR, RUB: advantages of exotics
TRY, BRL, ZAR, RUB: advantages of exotics
Here are the main exotic currencies offered by FBS in MetaTrader: the Turkish lira, Brazilian real, Mexican Peso, Russian Ruble, South African Rand. Most of them are regional, relatively weak currencies. That’s why, against the USD, they can’t do anything but depreciate – for years. That brings mane...
6
The Impact of the US Election on Foreign Currencies
Over the last few weeks there have been many articles about what will happen to the US markets after the election on 3 November.But the US economy is the biggest in the world and one of the most open. As such, what happens in the US will have a large ripple effect on other economies. As they used to...
33
US election: tips to trade on
The highly-anticipated event – the US election is today! We already know that the outcome will affect the market, but what exactly do you need to do during that day? Let us introduce you to the trading tips for the upcoming election! Below, you can see several simple steps to consider before trading...
3
16.09.2020 06:46 USD/MXN Price Movement On Sept 16, 2020.
For Traders Forex Analysis Technical analysis 16.09.202006:46 USD/MXN Price Movement On Sept 16, 2020. Relevance up to 06:00 2020-09-18 UTC+2 On the 4 hour chart, we can see that the USD/MXN is trading wit the bearish bias. It may decline to the first target at the 20.955 level an...
20
USD/MXN: retrocession
USD/MXN: retrocession
Technical view On the daily chart below we see a gradual – with the exception of May-June – descent of the USD against the MXN. As the crisis kicked in, USD/MXN leaped to 25.50 in March, and since then has been sliding down. Currently, it trades below 21.40 flirting with June low and appearing prett...
1
The USD/MXN is heading towards 22.239: Analysis for July 27, 2020
Relevance up to 05:00 2020-07-29 UTC+2 On the 4-hour chart, we see the USD/MXN pair is trying to reach the 22.239 level. If the bearish momentum is strong, the currency is likely to reach the 22.149 level as long as this pair does not retrace upwards and closes above the 22.619 level. If this leve....
3
MXN and TRY: consolidation at the resistance
MXN and TRY: consolidation at the resistance
The optimistic vibes of the end of May/beginning of June made investors lose interest in the USD. That made it lose value against risky currencies such as the MXN and the TRY. Eventually, the USD got back to power when the optimism got exhausted after the first week of June. Consequently, USD/MXN an...
7
MXN, RUB, TRY: uncharted potential
MXN, RUB, TRY: uncharted potential
Intro Currencies of developing countries such as the RUB, TRY, and MXN are by definition unstable. That’s why they fluctuate more than main ones, offering wider profit opportunities. At the same time, they are normally weaker than the USD. In the long run, therefore, you are likely to see USD/RUB, U...
26
USD: technical outlook
USD: technical outlook
The confusion created by the Sino-American relations coupled with virus-related economic factors pushed the USD to rise against some currencies and lose against the others in today’s session. Let’s see a technical disposition in the most interesting cases so you can set your trades accordingly. USD/...
17
MXN and ZAR: brothers in arms
MXN and ZAR: brothers in arms
Technicals On the H4 chart of the USD/MXN, the USD lost its value to drop below the Moving Averages. It trades slightly above the tactical support of 23.07 and appears to be going in consolidation at that level.   The picture with the USD/ZAR is almost identical: the price drops below the Moving Ave...
10
6 specific things about the current market
6 specific things about the current market
The market is behaving in a rather unusual fashion these days. Below we have gathered the main characteristics of the new trading environment. Check them out in order to be prepared and make good trading decisions. 1. Volatility has increased If we compare the typical daily range of EUR/USD last yea...
12
MXN: historical depths
MXN: historical depths
Key indicators Performance in 2020: +20% Last day range: 22.45 – 22.83 52-week range: 18.51 – 23.06 What’s happening? Even if you open a monthly chart, you will not be able to link the current position of the USD/MXN to any point before. Trading at 22.60, this currency pair is at the all-time highs....
5
Opportunity Monday: trading in times of volatility
Opportunity Monday: trading in times of volatility
The markets have definitely awakened from the sleeping mode, in which they have spent the most part of 2019. These days we see great moves in currency pairs, commodities, and indexes. Let’s review the most interesting topics and instruments that will be in the center of traders’ attention this week....
5
Levels to trade USD/MXN
Levels to trade USD/MXN
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...
15
USD/MXN: tricky fundamentals
USD/MXN: tricky fundamentals
Key indicators Performance in 2020: -2% Last day range: 18.5657 – 18.6048 52-week range: 18.5680 - 20.2528 What’s happening? The USD trades at 18.5740 against the Mexican peso – that's the lowest the USD/MXN has been to since October 2018. Wait. Peso? Yes, the Mexican peso. Unfortunately, time and i...
5
Successful trader's guide to 2020
The upcoming year opens a new decade. The events of Blade Runner would have already taken place. Do you feel that the future is here? In this article, we look at the economic side of things. Will the trends we observed in 2019 continue in 2020? What will happen with the global economy? And, finally,...
46
USD/MXN can offer more
USD/MXN can offer more
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...
12
USD/MXN is fighting with resistance
USD/MXN is fighting with resistance
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”. ...
14
USD/MXN is at the support line
USD/MXN is at the support line
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...
10
USD/MXN is trying to recover
USD/MXN is trying to recover
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...
4
USD/MXN has reached the key area
USD/MXN has reached the key area
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...
2
USD/MXN is trading in a range
USD/MXN is trading in a range
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 ...
2
USD/MXN: the clues from the technical picture
USD/MXN: the clues from the technical picture
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...
3
USD/MXN came in motion
USD/MXN came in motion
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...
1
What about the Latam currencies?
What about the Latam currencies?
With all this Brexit mess it’s very easy to forget about other currency pairs. Let’s consider what is going on in the world of the Latin American currencies. Brazilian real (BRL) The currency has strengthened on the increased risk-on market sentiment and domestic market enthusiasm surrounding the go...
3
USD/MXN remains under pressure
USD/MXN remains under pressure
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...
1
A trade idea for USD/MXN
A trade idea for USD/MXN
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...
1
The struggles of the Mexican peso
The struggles of the Mexican peso
The USMCA agreement between the US, Canada and Mexico and the new president-elect inauguration were expected to shed some light on the MXN. However, the election of Andres Manuel Lopez Obrador resulted in many uncertainties for the investors and therefore weakened the Mexican peso. One of the main r...
1
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