MEXICAN PESO FULL FIGHT with TURKISH & EM F/X RISKS…

 

ATA Continuation…

ex ante & chronological

 

6.08.2015 –  MXN , ZAR & RUB – THIS IS HOW SMART MONEY DO IT…

12.12.2015 – ZAR…MXN & RUB ON CURRENCY FIRE – FED DEJA VU…

21.05.2016 – DXY vs EM CURRENCY – JUNE ( JULY ) MARKET FIGHTING ROUND…

7.08.2016 – EMERGING MARKETS STRIKE BACK…

13.11.2016 – TRUMP ERA – MEXICAN PESO – KEY EM CURRENCY PATHFINDER

&

14.07.2018  –  MEXICAN PESO – KEY EM CURRENCY PATHFINDER DEJA VU…

 

After…

Mexico Presidential  Election  2018  (  1.07.2018  )

&

Strong MXN RISK ON Wave

 

Now…

on New  Motives   TURKISH & EM F/X  SELL OFF…

USD STRIKES BACK 

but…

NOT TOO STRONG…!!!

 when you look at other EM Currencies  against American Dollar…

 

USD-to-MXN-

 

now back to ATA  F/X …

 

ATA MIND OVER MARKETS…

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

Present  MEXICAN  PESO  Situation 

After last Motive –   Mexico Presidential  Election  2018  (  1.07.2018  )

Present Motives  –  TURKISH & EM F/X  SELL OFF…

Turhish  Crisis 

TRY – TURKISH RATING DOUBLE IMPACT…

EM F/X RISK OFF Wave

DXY – F/X NORTHERN STAR for EM CURRENCIES…

but

Important MXN Note 

Last Technical  Pattern –  2B & 2B BIS  – still Active…!!!  ( Monthly & Weekly  Charts )

with

Shooting Star Pattern (  Weekly Chart ) 

 

 

ATA   MXN  Present Investment Conclusion

After Last TURKISH STRIKE 

USD/MXN

Present Active Resistance Zone is  19 – 19.30 ( 50 ) 

of course

with

Psychological Key Level 20.00

vs

Support Zone –  18.80 – 18.50

 

Focus on

Next Week  Smart Money EM F/X Reaction…

on

TURKISH RATING DOUBLE IMPACT…!!!

S&P & Moody’s  cut  Turkey Rating 

S&P cuts Turkey Rating  deeper  into Junk Territory

with

FIB RET ( Daily Chart ) 

 

 

USD/MXN Monthly , Weekly & Daily Charts :

 

13.11.2016

USDMXN-M13

 

USDMXN-W13

 

USDMXN-D13

 

13.07.2018

USDMXN-M13'

 

USDMXN-W13'

 

USDMXN-D13'

 

17.08.2018

USD-MXN - M

USD-MXN - W

USD-MXN - D

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