JavierSoto

JavierSoto

- 200 moving A, making the support (USDMXN) - Weak oil prices, going maybe to 46.50 - Breaking the yellow box plus the 100 moving A, (Yellow mA) is a GO LONG - Looking those indicators we are expecting to go long to touch 19.000

JavierSoto

We are back to 19.0000 levels, something to see next week if it holds its a good entry point to go long.

JavierSoto

Pressure for the Mexican Peso its not over, until the US elections, the Mexican government attacking debt, and the FED raising rates at December meeting doesn't look going down until DECEMBER-JANUARY 2017 maybe to 18.7000 but for now this is a quick trade.

JavierSoto

USDMXN SHORT 30M TIME FRAME SHORT TO 18.80000

JavierSoto

Inside the levels of 18-19

JavierSoto

Long

JavierSoto

Stay long for long term but now oil price gains are making more strong the previous down movement stay aware of oil prices to enter low to the long..

JavierSoto

Check the past charts..

JavierSoto

We need to see how it reacts to the 18.65000 support if it holds make the trade to a target 18.90000. If it breaks wait to slow down the down to the 18.50000 support.

JavierSoto

I think about the USDMXN long for the long term, hoping to correct a little more to the down side but right now im just watching to enter the market at the lowest point to grab a long position.. stay tuned. Thing to watch - US presidential campaign news this week - Economic data from Mexico - International Crude Oil prices

JavierSoto

Long 30M Chart

JavierSoto

The down movement is at the first started by Central Bank of Mexico auctions of cheap USD, to calm the forex markets, then they realize that the automated auctions guided by a systems of rules, it was making the market more volatile, they said because the automated robots using algorithms, then the raise of interest rates from Mexico, that give the down movement a...

JavierSoto

Im bearish for the 1 month Horizon you can see my last chart to see the bears, but for now i think its going back to test the upper level...

JavierSoto

Strong resistance being tested this week lets see what happens!

JavierSoto

Not consolidated yet but, something to watch the next day.

JavierSoto

From a technical basis, the down trend has not be able to brake the support level three times now, the resistance only tested once but we are probably near a second test, so great to se how it develop these days, if it fails to break the resistance you know what to do..