USD MXN SHORT20 is strong resistance while 18.5 is strong support . It should hover inbetween this for atleast 2024 EOY.
Related currencies
USDMXN - Ready to Blast Again ? Last week, I took long position in UDMXN at 16.66000 & Closed at 16.92500
Closed that position in more that $5000 profit in just 2-3 days.
My long setup is formed again in USDMXN
Taking long positions here at CMP 16.67000
My SL would be 16.62000
Target I'm expecting is 17.00000
Disclaimer
USDMXN - Sharp Upmove Possible?Currency Pair - USDMXN
I am seeing a good trading opportunity in USDMXN.
Taking long positions here at CMP 16.66200
My SL would be 16.60000
Target I'm expecting is 17.00000
That's 1:7 RR trade.
Disclaimer - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my tra
USD Mxn downside move possibleUSD Mxn downside move possible
Selling below the 17.09922
Stoploss 17.29033
Target 19.71755
USD Mxn upside move possibleUSD Mxn upside move possible
Buying above the 17.44193
Stoploss 16.59577
18.88326
Why the Mexican Peso Surged Against the USD?Why the Mexican Peso Surged Against the USD?
On Wednesday, the US dollar decreased in value against other major currencies, including the Mexican peso, by over 1%, due to reports of slower than expected US inflation. This suggests that the Federal Reserve may pause its interest rate hikes. Accordin
forex trading this is forex analsyis don't trade on this. this is a chart of forex trading i am beginer so don't trading on this tips
USDMXN AnalysisSetup Contains:
1. Stop Hunt (Buy Side Liquidity)
2. Structural Shift (Bullish)
3. Multi-Layer Confirmations
4. Expecting Return to Orderblock
5. Targeting Discount POI
FOLLOW PAFX & TRADE LIKE BANKS 💸
USDMXN TRADE IDEAUSDMXN
I have the believe that USD may continue falling for few days or weeks, may be 2, this is just because of uncertainty. However tomorrow's CPI may really change the game.
We can consider selling USDMXN today or tomorrow after the candle closure, so that we can eye the strong support level 19
USDMXN AnalysisSetup Contains:
1. Stop Hunt (Sell Side Liquidity)
2. Multiple Bullish Structural Break
3. Expecting Return to Premium POI
FOLLOW PAFX & TRADE LIKE BANKS 💸
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the USDMXN pair is quoted as 1 USD per x MXN. For example, if the pair is trading at 1.50, it means it takes 1.5 MXN to buy 1 USD.
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