MEXICAN PESO vs NAFTA TRADE AGREEMENT…

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

 

MXN

 

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

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

27.08.2018

(   First Phase of American  Session  )

MXN-M

MXN-W

MXN-D

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