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…!!!
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
13.07.2018
17.08.2018
27.08.2018
( First Phase of American Session )
29.08.2018
( First Phase of European Session )
ATA FINANCIAL RESEARCH 