USD/MXN is trying to recover

USD/MXN is trying to recover

Trade idea

BUY 19.51; TP 19.6670; SL 19.45

BUY 19.6150; TP1 19.6670; TP2 19.73; SL 19.59

USD/MXN was supported by the 50-week MA around 19.38 and the 100-day MA at 19.33. The pair also went above the 50-day MA (now at 19.52). On the H4, we see a series of higher highs and lows. This may mean that USD/MXN has found a short-term base and may test resistance at 19.67 (38.2% Fibo of the August-September decline and the 200-period MA on the H4). The next level to watch on the upside will be at 19.78 (50% Fibo). Support lies at 19.5095 and 19.4500 (MAs on the H4). 

USDMXN.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera