Posts Tagged ‘USD/MXN’

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USD/MXN Forecast — August 6th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the August 6th session. USD/MXN — The US dollar drifted a little bit lower on Wednesday session. The market has been trading inside this consolidation zone between the 23.00 level and the 21.50 level. The 50-day EMA has turned flat. To the downside, the 20.00 level is calling. To the upside, the 25.00 level is the target. The Mexican peso is seen as a gateway currency within […]

USD/MXN Forecast — July 20th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the July 20th session. USD/MXN — The US dollar has tried to rally on Friday session from this uptrend line, as you can see on the daily chart. The 23.00 level could be the next target. The employment situation in the US has an effect on this pair. Mexico exports goods to the US. If the US economy is not doing good, then it will […]

USD/MXN Forecast — June 12th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the June 12th session. USD/MXN — The pair rose very strongly on Thursday session testing the 50-day EMA for resistance. The greenback has gained strength across the board. Hence, you have a scenario in which the market could rise towards the 23.50 level. Both the 61.8% Fib level and the 200-day EMA below offered support. Hence, pullbacks are seen as value in this pair […]

USD/MXN Forecast — June 9th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the June 9th session. USD/MXN — The trading session was very choppy on Monday as the market is hovering above the 200-day EMA and the 61.8% Fib retracement level. A break above the 22.00 level is bullish. The US is opening its trade barrier for Mexico, as US is the biggest trading partner. So, Mexican exporters are going to send products into that […]

USD/MXN Forecast — May 14th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the May 14th session. USD/MXN — As you can see on the daily chart, the market has been trading inside this pennant pattern. The 24.00 level below looks supportive. The measured objective of this pattern comes at the 34.00 level. The 50-day EMA below looks supportive. The emerging markets look bearish compared to the US dollar. The market is considered bullish as long as it […]

USD/MXN Forecast — February 21st 2019

In this video, the Trader Guy looks at the USD/MXN pair for the February 21st session. USD/MXN — The trading session was extremely bullish for this pair on Tuesday. You can make an argument for a bottoming pattern. Recently, the central bank of Mexico did a rate cut. So, a pullback becomes inevitable at the moment. Also, the 18.50 level below looks supportive. The market needs to clear this noise above. To the upside, the 19.00 level is seen […]

USD/MXN Forecast — November 28th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the November 28th session. USD/MXN — The market has been rising steadily to the upside over the last couple of weeks. The Thursday is Thanksgiving Day, which is a federal holiday in the United States. So, volume is going to be an issue. Most volume is contributed for this pair from the US trading session. To the upside, the 19.85 level is seen as strong resistance. […]

USD/MXN Forecast — November 7th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the November 7th session. USD/MXN — The market is trading just above the support level of 19.00. So, a bounce above this level, and a daily candle close above the 200-day EMA is seen as a strong bullish move. Then the target to the upside is the 19.50 level. A break below the current lows is a negative sign and you can aim for the 18.50 level to the downside. […]

USD/MXN Forecast — October 22nd 2019

In this video, the Trader Guy looks at the USD/MXN pair for the October 22nd session. USD/MXN — The trading session was flat on Monday session and it gapped higher on open. The market is trading below the 200-day EMA. A break above the 19.00 level is seen as a bullish move. So, pullbacks are buying opportunities. To the upside, the 19.90 level is the target. Pay attention to the crude oil markets. If oil rallies, then […]

USD/MXN Forecast — October 8th 2019

In this video, the Trader Guy looks at the USD/MXN pair for the October 8th session. USD/MXN — On Monday session, the market gapped higher on opening of the session. The 61.8% Fib retracement level and the 200-day EMA look strongly supportive. So, the 19.77 level, which comes at the 50-day EMA is the next short-term target. A break below the 200-day EMA is bearish and the next target is 19.00 level. This market is influenced by the risk-on, […]

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