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…
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
13.07.2018
17.08.2018
