TAG: USD/MXN
USD/MXN Analysis: Wagering Prospects upon Return to Key Lower Level
The important 19.00000 is now being challenged in the USD/MXN after the currency pair has sustained near-term bearish momentum following a strong bullish run upwards.The USD/MXN pair this morning is testing the key 19.00000 ratio.The currency pair has pro...
2 months ago
USD/MXN Analysis: Lower Value Begins to Demonstrate Solid Fortitude
The USD/MXN has demonstrated a solid amount of bearishness, as it has reversed in a steady fashion and has correlated with the global Forex market as optimism grows about the Fed becoming dovish.The USD/MXN exchange rate early last week fought off reversa...
1 month ago
USD/MXN Forecast: US Dollar Continues to See Strength Against Mexican Peso
The US dollar has rallied a bit during the course of the trading session on Wednesday against the Mexican peso, but I think you’ve got a situation where traders will continue to see a lot of noisy behavior, and therefore I think you’ve got a situation whe...
1 month ago
USD/MXN Analysis: Uncorrelated Nervous Rise Points to Anxious Traders
The USD/MXN suffered nervous trading all of last week, and as the USD got weaker against many major currencies the Mexican Peso didn’t have the same reaction.The USD/MXN pair is trading near the 19.22330 mark as of this writing. Last Monday the USD/MXN be...
1 month ago
USD/MXN Forex Signal: Eyeing 19.60 Resistance
Potential Signal:I am a buyer of this pair at the 19.61 level, with a stop loss at the 18.95 level.I would be taking a profit at the 20.18 level. The U.S. dollar has shown itself to be strong again during the trading session on Monday, at least against t...
1 month ago
USD/MXN Monthly Forecast: September 2024
The US dollar has shot straight up in the air like a rocket against the Mexican peso during the month of August, as we are threatening to break above the 20 pesos level.This is an area that has a lot of psychology attached to it as well as a lot of previo...
1 month ago
USD/MXN Forecast: US Dollar Pulls Back Against Mexican Peso on Friday
The US dollar has pulled back a bit against the Mexican peso during the trading session on Friday, as the 20 MXN level continues to be a bit difficult.This of course is a large, round, psychologically significant figure, and a region that the markets will...
1 month ago
USD/MXN Analysis: Coming Debate will Increase Noise and Nervousness
The USD/MXN has maintained its surge higher and traders of the currency pair who have been pursuing buying positions have likely seen reasonable profits.The USD/MXN currency pair while experiencing lower trading volume yesterday because of the U.S holiday...
1 month ago
USD/MXN Forecast: Nears Key Resistance
The US dollar has gone back and forth during trading on Wednesday as we continue to hang around the 19.78 level.This is a market that of course is watching the 20 level very closely as it is a large round psychologically significant figure and of course,...
1 month ago
USD/MXN Forecast: Peso Under Pressure
The US dollar has rallied again against the Mexican peso, breaking above the 20 pesos level for the third time now.It looks like the jobs numbers in America coming out softer than anticipated has really turbocharged the “risk off” trade.That of course wor...
1 month ago
USD/MXN Analysis: Negative Sentiment Escape Speculatively Difficult
The USD/MXN is not only continuing to trade near the 20.00000 ratio, but it has shown the ability to traverse above the important psychological level the past week.Traders who believe the USD/MXN exchange rate is in overbought territory cannot be faulted....
1 month ago
USD/MXN Forecast: USD Pulls Back Against Peso
The US dollar has fallen on Thursday against the Mexican peso, just as we had seen negative pressure during the trading session on Wednesday.This is a market that had recently tried to break above the 20 MXN level but has since seen a bit of profit-taking...
1 month ago
USD/MXN Analysis: Slide Lower but Higher Price Range Still in Effect
After trading above the 20.00000 level on Tuesday and Wednesday of last week the USD/MXN began to slide lower and went into the weekend touching values last seen on the 26th of August.In early trading this morning the USD/MXN currency pair has been able t...
1 month ago
USD/MXN Forecast: USD Drops Against Peso
The US dollar fell again during the trading session on Friday as traders continued to short the greenback based on the idea that the Federal Reserve may cut interest rates.They should cut interest rates by 25 basis points on the 18th, but really at this p...
1 month ago