Good afternoon, colleagues. USD/MXN on a thirty-minute time frame has formed a reversal pattern called the Butterfly. Levels 1.270 BC, BC and 1.130 1.410 HA are resistance for prices. Further, during several m30 bars expect the southern movement of the pair.
Quotes of the pair USD/MXN daily spring near the level of bullish support 18.860. This fact speaks about the reversal of the current bearish trend. Moreover, the percent of Williams indicate bullish ascent. Our assumptions for Monday: prices will continue to rise from the current level 19.079 with the aim of breaking up the resistance level of bullish 19.267.
the last candle to be regarded as a puncture or as the beginning of a new trend will be clear if we go to test the 2nd resistance level 19,50, but before it is necessary to pass to 19.25. To test the first resistance may be more likely to say that a couple goes.
On the daily chart USD/MXN continues the movement of the currency pair in the triangle. At the lower border of the triangle has formed "bullish engulfing" part reversal candlestick patterns "three outside up day". Tenkan-sen and Kijun-sen after crossing the "dead cross" is gradually lowered, however, at the moment, the line Kijun-sen was in a horizontal position and may resist the upward movement of the currency pair. The line Chinkou Span is under the price chart, but turned up. The A/D indicator also turns up and approaches the trend line.
It can be assumed that under the influence of the reversal candlestick patterns currency pair expecting upside movement, in this case, the resistance of price can provide Kijun-sen and Senkou Span B.
USD/Mexican peso keep buying. At the moment the pair is above today's basic level 1914.05. To continue the growth pair needs to break and consolidate above the resistance zone 19.1920 - 19.2241... in this case, the growth will continue to sliding the level - 19.2751 and the third intraday target - 19.3277. Bollinger creates a breakdown and it seems that the output is up; the oscillator MACD is in positive zone, which also indicates the likelihood of continued growth.
Day of spring on the USD/MXN will not allow sellers to go on the offensive. The percent of Williams support buyers and fall do not intend. Our assumptions: prices will continue to rise from the current level 19.220 with the aim of breaking up the resistance level of bullish 19.354.
Expect to see the pair from the area 19.10-19.12. Start taken, now, to wait for the pulse jump, for credibility intentions the bulls to conquer new heights!
But I think in the near future are unlikely to see any such sudden movements. Except that maybe the Democrats in the US to decide to make concessions and vote for the allocation of money for the wall with Mexico, and a sharp jump will be able to see. After the wall with Mexico is not exactly a plus for Mexico.
On higher TF indicates the movement South. On the hourly chart can be considered a white candle as the rebound from the 23.6 ISL, but the output of the channel balance was down under 18.972. In theory, may not be allowed to 18.905 quickly, but then we will bargain reduced between 18.972 and 18.905. To the North, nothing suggests. But with the pitchfork Schiff H1 (dashed line) may be a hint of growth, to look at the situation, when we reach this line. While moving uverenno.
If you follow the simple and clear principle of trading with the trend, then now is the time to pay attention to the movement of the pair USD/MXN, especially on the weekly chart. The price came to the support line, which may well make a start. Not sure whether there will be this push in the next week. A dollar given the weakness in recent times. But the local downtrend is about to end. It is a fact.
After a brief recovery, the pair returned to their old positions, to the level of 18.90. But today with new forces again, straightening his shoulders started to grow! Reached 19.05, high of last week is not yet updated. Expect growth of pair to the last high - level of 19.20, and then, apparently, lights out and back on, perlow.
Pair on the 4 hour chart is still in a sideways channel. His opinion about the continuation of the southern direction at the moment has not changed. Pair is trying to break the timeline support, but to no avail, but for the upward movement of the bulls interest net.
Hello pair is moving in ascending channel. The price to be at the bottom of the channel, this week closed bullish candle which may indicate the beginning of March to the North. First goal is to be at price levels 19.75, the second on price levels 20.60
Currency pair USD/CHF on the hourly chart went up after breaking the resistance level 19,018, but consolidation is very intense. The indicator RSI is in area below the level of 61.8. The makd indicator indicates a weak upward movement of prices. On H4 the situation is more shows on the uncertainty. While you should refrain from work on the pair until a more favorable market conditions.
Smooth movement of the uptrend extends USD/MXN to the all new and new heights. However, from time to time, there will be pullbacks in price. Right now we are seeing the end of the local downtrend with a turn to the North. As for me - it's shopping time. In the primary stage, anticipate a rise in prices to the level of 19,800 with a further desire to reach out to the strap 20,000 USD/MXN and above.
USDMXN continues to move within rising channel. At the moment the price is near weekly and monthly zero Viborova. The four-hour stochastic has entered the overbought zone and starts to unfold. The daily stochastics is approaching the oversold zone, indicating a possible decline of the currency pair to the lower boundary of the channel. Line weekly stochastic has left the oversold zone and is pointing up, indicating that the upward movement of the currency pair after a downward correction is likely to continue. Growth target USDMXN – weekly Tyboroen the 38.2 and 23.6 per month Thyboroen.
USDMXN on the four-hour chart shows that the downward movement of this currency pair has stopped at the lower boundary of the upward channel, while achieving the important level of Fibonacci Expansion FE 138.2 %. This level is considered a key currency pairs, the quotations of which USD is the base currency, the price almost always reacts to it. Therefore, we can assume that USDMXN will unfold upwards from the border of the channel.
Four-hour and daily stochastics are in the oversold area, indicating the possible growth rates. The weekly stochastic line increases, confirming the possible rise of the currency pair.