Posts Tagged ‘USD/MXN’

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USD/MXN Forecast — September 15th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the September 15th session. USD/MXN — The US dollar is looking very bearish at the moment. This is due to the headlines related to dwindling demand of oil. Now, the market is trading below the 200-day EMA, and testing the 21.50 level for support. So, short-term rallies are to be faded, and to be sold on signs of exhaustion. Right now, a risk-off sentiment is dominating the market. […]

USD/MXN Forecast — September 14th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the September 14th session. USD/MXN — As you can see from the daily chart, there is a confluence of support at the 61.8% Fib retracement level, and the 21.25 level. The US dollar is gaining strength against most currencies at the moment. It is interesting to note that the Canadian dollar is getting hammered against the US dollar. Only when the oil market rally, […]

USD/MXN Forecast — September 9th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the September 9th session. USD/MXN — The pair has bounced off the 21.50 level on Tuesday. To the upside, the 50-day EMA could offer resistance. You need a risk-off sentiment to drive this market lower. In the meantime, this market could likely consolidate in this general vicinity. A breakdown below the 21.50 level is bearish and this market could go much lower. This […]

USD/MXN Forecast — August 21st 2020

In this video, the Trader Guy looks at the USD/MXN pair for the August 21st session. USD/MXN — Initially, the trading session was bullish, but then the pair fell down to show signs of weakness. The market is now moving towards the apex of this triangle pattern. A breakout to the downside, then the 200-day EMA will come into play. A further break below, is seen as a strong bearish move. The Mexican peso is seen […]

USD/MXN Forecast — August 19th 2020

In this video, the Trader Guy looks at the USD/MXN pair for the August 19th session. USD/MXN — The pair has rallied on Wednesday session as the 22.00 level offered support. This level also looks psychologically significant. Also, the 200-day EMA below could offer support. However, this market could likely remain in consolidation in this general vicinity. An impulsive candlestick above the 23.00 level is seen as a major move to the upside. A break […]

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 […]

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