USDMXN AT KEY LEVEL

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Key Resistance: 20.50 – 20.60 Key Support: 20.31 Last Friday, late in NY trading the MXN started to rally hard against the USD from the the highs of the day. During that rally the USDMXN crashed 1.35% breaking with August highs in the process. August highs are the previous broken highs after the big rally […]

USDMXN Double top set to breakout

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Key Resistance: 20.25 Key Support: 20.17 – 20.15 The USDMXN rejected last week’s highs on Friday printing a lower high before crashing to last week’s lows on Powell’s very Dovish speech at the end of the Jackson Hole symposium. This created a big double top with the neck line right at last week’s lows. This […]

USDMXN bullish continuation in play!!

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Key Support: 22.28 Key Resistance: 20.44 The USDMXN has been in a very strong bullish move since the beginning of this trading week (up 3% from low to high) without any deep pullbacks. Yesterday we tried a bullish continuation that stopped us out at a loss but the setup presented itself again and like I […]

USDMXN shorts on a weekly pivot rejection

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Key resistance: 20.00 Key Support: 19.88 – 19.80 The USDMXN has been trading sideways in a very choppy range (on the daily and higher TFs) for about 6 weeks but since Tuesday, we have seen a very structured bearish move (-1.52% from high to low). I’ve been hunting these shorts since yesterday on a retest […]

USDMXN bouncing from Historic key level

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Key Support: 20.00 Key Resistance: 20.55 – 20.90 -21.60 The USDMXN has been in a very strong bearish move for more than a month since it peaked back in March 8th. That´s a -7.35% move. This level is also the 0.764 pullback of the last long term bullish move. Also, this last 5-week bearish move […]

USDMXN retests August 2019 highs

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Key Support: 20.10 Key Resistance: 20.45 – 20.60 – 20.90 The USDMXN has dropped 4% in the past 3 weeks and 6.92% since its March 2021 highs. In the short term price has been dipping inside a very structured bearish move and now we are retesting the August 2019 highs. Back in August 2019 this […]

USDMXN bouncing from key structure

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Key Support: 21.20 key Resistance: 21.40 -21.50 – 21.65 Mid Term View After bottoming in January around 19.50 the USDMXN has rallied 10.60% from low to highs and is now trying to break a massive zone of resistance. 15M Chart Analysis After topping around the 21.60 level the USDMXN has pulled back to a previous […]

USD/MXN bounces from weekly pivot

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Key support: 20.70 Key Resistance: 20.85 – 21.00 Long Term View The USD/MXN has been on a +7.70% bullish move from low to highs since the lows in late January 2021. We have been trading the upside the past couple of months and our bias remains very bullish as long as price keeps trading inside […]

USDMXN holds key base

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Key Support: 20.15 Key Resistance: 20.45 Mid-Term View The USDMXN has rallied from the lows of a long term range around the 90.19 to 20.00 levels inside a very structured move. Short-Term Readings After missing the first impulse at the bottom of the move I´ve been watching this pair the entire week and today it […]

USDMXN BREAKS MASSIVE BULLISH STRUCTURE

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The UM finished last week very bearish breaking with a mid term bullish structure after rejecting the top of a range that has capped the MXN going lower against the USD. We´re looking to short this pair at the break of Friday´s lows / Last week´s lows with a tight stop above today´s highs. Think […]