USD MXN SHORT20 is strong resistance while 18.5 is strong support . It should hover inbetween this for atleast 2024 EOY. Shortby mjainrock111
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 - Do not consider this as a buy/sell recommendation. I'm sharing my analysis & my trading position. You can track it for educational purposes. Thanks!Longby akshit_officialUpdated 12
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 trading position. You can track it for educational purposes. Thanks!Longby akshit_officialUpdated 229
USD Mxn downside move possibleUSD Mxn downside move possible Selling below the 17.09922 Stoploss 17.29033 Target 19.71755Shortby tradewithmev0
USD Mxn upside move possibleUSD Mxn upside move possible Buying above the 17.44193 Stoploss 16.59577 18.88326Longby tradewithmev0
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. According to data from the US Labor Department, inflation in April decreased to 4.9%, which is the lowest year-over-year increase in two years and lower than market forecasts of 5%. The slower inflation was attributed to slower growth in food prices and a further decrease in energy costs. However, core inflation remained high at 5.5%, indicating that interest rates may need to stay high for some time to control it. Fed funds futures traders are anticipating a pause before expected rate cuts in September, which might be a little optimistic, as the Fed's target range remains at 5% to 5.25%. The Mexican peso gained strength to 17.544, its highest value since July 2017, as the difference between US and Mexican monetary policies became more pronounced. The RSI on the USDMXN suggests it is in an extreme oversold condition, so a pullback may be necessary. Resistance levels from 2017 for the pair may no longer be relevant, but the strongest value the peso reached in 2017 was $17.430, while the peak in 2016 was $17.050. For fundamental context, Banxico increased rates to an all-time high of 11.25% in March, despite a decrease in annual headline inflation that was greater than expected. Mexico's proximity to the US has also made it an attractive location for foreign companies to open factories targeting the American market and diversifying production from China. Additionally, the US economy's robust state has led to a rise in remittances to Mexico from expats. by BlackBull_Markets2
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 tipsLongby solankivipul29601
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 💸Shortby PAFXLTD224
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 19.48418.Shortby CELGIB_TRADING0
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 💸Longby PAFXLTD3
USDMXN Trading Plan - 25/Aug/2022Hello Traders, Hope you all are doing good!! I expect USDMXN to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any ideaLongby For3xScalper0
USDMXN AnalysisSetup Contains: 1. Stop Hunt (Sell Side Liquidity) 2. Break of Structure 3. Return to Orderblock (Expecting) We need to have LTF Confirmation before even entering the trade. Our projected area would be the liquidity & IMBALANCE above where the Selling POI also resides. FOLLOW PAFX & TRADE LIKE BANKS 💸Longby PAFXLTD5
USDMXN AnalysisSetup Contains: 1. Stop Hunt (Buy Side Liquidity) 2. Break of Structure 3. Returned To Orderblock FOLLOW PAFX & TRADE LIKE BANKS 💸Shortby PAFXLTDUpdated 1
USDMXN Trading Plan - 18/May/2022Hello Traders, Hope you all are doing good!! I expect USDMXN to go up after this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any ideaLongby For3xScalperUpdated 2
USDMXN Trading Plan - 12/May/2022Hello Traders, Hope you all are doing good!! I expect USDCAD to go down from here. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any ideaShortby For3xScalperUpdated 0
USDMXN BIG BUY IDEA WOW 900+ PIPS Hi family I am looking at this buy set up idea I really like this as to the covid levels have now be violated and the economy looks really good at the moment so would like to see how this lays out. Really good opportunity buy buy buy buy Great idea not financial advice*by Clintonstrade1
USDMXD SHORT THEN BUY Here is a short position then a long looks like a great push up to the upside amazing push up keep your eye n this its about to go crazy Lets goo by Clintonstrade0
USDMXN 10% move!!!!!Wanna be a millionair in 1 year? or wanna get a big profit post in 1 year take this Longby Aditya_Mishra10
buyingside usdmxnHello guys i had find this setup in 4h timeframe which is made accumulation zone and broken we have a good buying buying opportunity from here with sl below zone and tg at neareast resistance also plzz do your own analysis before taking any trading decision if you like my analysis plzz like share and follow thank youLongby FOREXKING7786223
BULLISH SIDE USD/MXNHello guys i had find this trade and done analysis on it plzz check if you like my analysis plzz like share and followLongby FOREXKING77861
USDMXN Forecast #USDMXN FORECAST We think if Usdmxn price broke 19.93-19.95 level, so price going up to 20.06500 price near And if Usdmxn price 19.72-19.69 broke then it going down 19.55 near. Hope Our Idea Help For You Trading. by AaYeVoNPvtLtdUpdated 1