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USDMXN

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Lolek555

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There is no USDMXN technical only fundamental thread so i created one.

this pair gained above 50% this year but now is in interesting zone. 22.11 to 22-25 is the near term demand zone which buyers should protect. So the potential is for target around 23.50. 

If this zone break below, then the target is 21.70 or lower. overall USD weakness is not so strong on this pair because MXN is weak too.

Linkback: https://www.forex.zone/technical/11/usdmxn/3176/
#1 - July 25, 2020, 07:09:47 PM
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Torroco

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Usdmxn Explanation of the daily timeframe: yesterday's daily candle was fully bearish so just focus on selling today by looking for sell opportunities Explanation of the H4 timeframe: the mother candle h4 for today is 21.5xx and 21.2xx and remember don't sell immediately, wait for a break first Explanation of the M15 timeframe: we will sell if the price has broken low and corrected to the trendline so don't sell immediately
#2 - October 06, 2020, 03:28:31 AM
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Torroco

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Usdmxn Explanation of the daily timeframe: yesterday's daily candlestick was half bearish and we will focus on selling opportunities Explanation of the H4 timeframe: the mother candle h4 today 21.5xx and 21.3xx as a reference for future break bodies Explanation of the M15 timeframe: the condition of the M15 chart price is pretty good and goes down, we are waiting for correction

 
#3 - October 08, 2020, 05:02:38 AM
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