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…
18.08.2018 – MEXICAN PESO FULL FIGHT with TURKISH & EM F/X RISKS…
After…
Mexico Presidential Election 2018 ( 1.07.2018 ) – Strong MXN RISK ON Wave
with
TURKISH RISK OFF Strike – USD Contraction
Now…
on New Motive – NAFTA TRADE AGREEMENT – MXN Back to RISK ON Wave
Look at ATA F/X …
ATA MIND OVER MARKETS…
ATA MARKET MODEL :
First…Market Motive…
Second…Market Technical Pattern…
Present MEXICAN PESO Situation
After last Motives – Mexico Presidential Election 2018 ( 1.07.2018 )
& TURKISH & EM F/X SELL OFF…
Present Motive – NEW NAFTA TRADE AGREEMENT
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 Today RISK ON NAFTA Reaction
USD/MXN – Long Term Picture didn’t change…!!!
Present Big Picture View
Resistance Zone is 19 – 19.50 & Psychological Key Level 20.00
vs
Support Zone – 18.50 – 18.40
Focus on
Today ( EOD ) with Present Week ( EOW ) & of course August ( EOM )
p.s.
Now USD rising intraday…
so
MEXICAN EUPHORY can be stopped …!!!
stopped already Now …
Remember
MXN is still Main EM CURRENCIES PATHFINDER
Don’t Forget
NAFTA is DONE but TURKEY with ERDOGAN Not…
USD/MXN Monthly , Weekly & Daily Charts :
13.11.2016
13.07.2018
17.08.2018
27.08.2018
( First Phase of American Session )
ATA FINANCIAL RESEARCH 