Downloading...
Download

Usdmxnbuy

Next week for the USDMXN H4We continue to notice higher lows and lower highs, the medium-term trend is still on the upside fundamentally, but a break of the lower blue lines may lead to 22.80. I think it may correct to one of the bottom two blue lines again next week and I see a good long opportunity when the blue lines coincide with the .236 regression formed from 25.28 to 23.63 downtrend which is 24.02, there it is to take longs and wait to break the top blue line above 25.00 with Stop just below the previous low at 23.60. Long at 24.00 / 24.05, Stop 23.60, TP1 25.50, TP2 26.65 Adjust Stop to cost if 24.26 is sustained, sell half at 25.50 and let the rest run to 26.65 with a stop at 25.00, take profit at 24.60 if it fails to break the second blue line around 24.80 and wait for the next opportunity. The MA200 is crossing the Bolinger mid-line at 24.15, where we could look for a first entry in longs if the price shows no strength to look for 24.00 Like if you agree, and comment if you think we should go long in another level like 24.25/24.50 or we short at the opening price. Escenario para la próxima semana. Seguimos notando mínimos cada vez mayores y máximos menores, la tendencia a mediano plazo sigue siendo al alza, pero una ruptura de las líneas inferiores azules nos puede llevar a buscar el 22.80. A mi gusto puede corregir de nuevo a una de las dos líneas azules inferiores la próxima semana cuando estas coincidan con el .236 de regresión que formó la baja de 25.28 a 23.63 y que marca el 24.02, ahí es para tomar largos y esperar para romper la línea superior azul arriba del 25.00 con Stop justo debajo del mínimo previo en 23.60. Largo en 24.00 / 24.05, Stop 23.60, TP1 25.50, TP2 26.65 Ajustar Stop al costo si se sostiene el 24.26, vender mitad al 25.50 y dejar correr el resto a 26.65 con stop al 25.00, toma de utilidades al 24.60 si falla en romper la segunda línea azul alrededor del 24.80 y esperar para posicionarse de nuevo. El MA200 está cruzando con la línea media de Bolinger en 24.15, en donde pudiéramos buscar una primera entrada en largos si el precio no muestra fuerza para buscar el 24.00
Long
by hzepedajr
Analysis of USDMXN 10.10.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 19.4900 • Take Profit Level: 19.3600 (1300 pips) If the price rebound from support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 19.6400 • Take Profit Level: 19.7000 (600 pips) USDCHF A possible short position in the breakdown of the level 0.9910 USDJPY A possible short position in the breakdown of the level 107.30 EURUSD A possible long position at the breakout of the level 1.1020 GBPUSD A possible short position in the breakdown of the level 1.2190
by PaxForex
USDMXN Fundamental Analysis – October 9th 2019Here are the key factors to keep in mind today for US Dollar trades: US JOLTS Job Openings: US JOLTS Job Openings for August a predicted at 7.191M. Forex traders can compare this to US JOLTS Job Openings for September which were reported at 7.217M. US Wholesale Inventories and Trade Sales: US Final Wholesale Inventories for August are predicted to increase by 0.4% monthly. Forex traders can compare this to previous US Wholesale Inventories for August which increased by 0.4% monthly. US Wholesale Trade Sales for August are predicted to increase by 0.2% monthly. Forex traders can compare this to US Wholesale Trade Sales for July which increased by 0.3% monthly. FOMC Minutes: The US Federal Reserve will release minutes from its last meeting today and forex traders will look for any potential change in the wording used which could give insight to future monetary policy adjustments. Here is the key factor to keep in mind today for Mexican Peso trades: Mexican CPI: The Mexican CPI for September is predicted to increase by 0.25% monthly and by 2.99% annualized. Forex traders can compare this to the Mexican CPI for August which was reported flat at 0.00% monthly and which increased by 3.16% annualized. The Mexican Core CPI for September is predicted to increase by 0.29% monthly. Forex traders can compare this to the Mexican Core CPI for August which increased by 0.20% monthly. The Mexican Bi-Weekly CPI for the week ending September 30th is predicted to increase by 0.10% monthly and by 2.98% annualized. Forex traders can compare this to the Mexican Bi-Weekly CPI for the week ending September 16th which increased by 0.17% monthly and by 2.99% annualized. The Mexican Bi-Weekly Core CPI for the week ending September 30th is predicted to increase by 0.09% monthly. Forex traders can compare this to the Mexican Bi-Weekly Core CPI for the week ending September 16th which increased by 0.19% monthly. Should price action for the USDMXN remain inside the or breakdown below the 19.5050 to 19.6530 zone the following trade set-up is recommended: Timeframe: D1 Recommendation: Short Position Entry Level: Short Position @ 19.6050 Take Profit Zone: 19.1900 – 19.3185 Stop Loss Level: 19.7425 Should price action for the USDMXN breakout above 19.6530 the following trade set-up is recommended: Timeframe: D1 Recommendation: Long Position Entry Level: Long Position @ 19.7425 Take Profit Zone: 19.9890 – 20.2545 Stop Loss Level: 19.6530 Open your PaxForex Trading Account now and add this currency pair to your forex portfolio. There are many different forex trading strategies available, but did you know that with all of them you will earn more pips per trade at PaxForex? Sign-up now and find out for yourself!
by PaxForex