MEXICAN PESO – F/X SURPRISE after US – MEXICO TRADE DEAL…

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…

27.08.2018  –   MEXICAN PESO vs NAFTA TRADE AGREEMENT…

 

After…

Mexico Presidential  Election  2018  (  1.07.2018  ) – Strong MXN RISK ON Wave

with

TURKISH RISK OFF Strike  –  USD Contraction 

&

Last  Mainstream Media  Big  Motive  – US – MEXICO  NEW  NAFTA TRADE DEAL 

 

MXN – No Signal  of  New  RISK ON Wave…!!!

 

nafta-2

 

like always…

Most Important is  Final Smart Money Reaction on Market Motives…!!!

&

They strike against MXN…by buying USD on the New Nafta News…

 

Let’s  back to  ATA  from  27.08.2018

”  Now  USD rising intraday…

so

MEXICAN EUPHORY  can be stopped …!!!

stopped already Now …

NAFTA is DONE   but TURKEY with ERDOGAN  Not… ” 

 

and here we go…

Present  MEXICAN  PESO  Situation 

After  Main MXN Motives  :

Mexico Presidential  Election  2018  ( 1.07.2018 )

TURKISH & EM F/X  SELL OFF…

with

Last Motive –   NEW NAFTA TRADE AGREEMENT 

USD/MXN  back to RISK OFF Wave…

 

ATA   MXN   Present Investment Conclusion

of course

Long Term Bearish  Technical  Pattern –  2B & 2B BIS  – still Active  (Monthly Chart )

but

Long Term Invert Ending Diagonal  also  still  Active (Monthly Chart )

so

Present August Monthly Candlestick is Green 

with

2  Last  Bullish Candlesticks  Lower Shadows  (  Weekly Chart ) 

&

Flag Pattern  shows Continuation of  USD  Rising   above MA’s  ( Daily Chart ) 

shows

No Cotinuation of  MXN Buying Process at  Support Zone with Key Level 18.50

that determines

USD/MXN   Back  above  Key Level 19.00 

so

USD/MXN – Long Term Picture   still  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

Next Days  (  EOD )  with   Present  Week    ( EOW )  &  of course  August  ( EOM ) 

 

one more time…

Remember

MXN  is still  Main EM CURRENCIES PATHFINDER 

Don’t Forget

NAFTA is DONE   

but

TURKISH  CRISIS SAGA   NOT…

so

MXN  Real Reaction  against Mainstream Media Euphory 

is

MEXICAN WARNING  for others  EM CURRENCY

 

 

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

29.08.2018

(   First Phase of  European  Session  )

MXN-M

MXN-W

 

MXN-D

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