MEXICAN PESO on RISK ON WAVE…

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…

29.08.2018  –   MEXICAN PESO – F/X SURPRISE after US – MEXICO TRADE DEAL…

4.10.2018  –  MEXICAN PESO – F/X SURPRISE 2.0 after NAFTA 2.0…

4.11.2018  –  MEXICAN PESO vs FITCH WARNING…

18.11.2018 –  MEXICAN PESO – F/X STANDBY…

 

After…

Last  Mainstream MXN  Big  Motives :

FITCH  Cut  Mexico’s  Outlook to Negative

Bank of  Mexico  Rate Hikes

&

FED & Powell Impulses

with

All  MXN Negative Impulses discounted 

&

F/X  Standby  for  Next  Big Motive  & Impuls 

still

Against All  RISK OFF Odds

MXN  activated Dynamic Rising Wave rising…

by

Activated  3 Patterns of  2B

on Key Levels  21.00   ;  20.50  & 20.00  Zones 

with

Break Down Psychological Key Level  20.00

 

 

N – TIMES…

Most Important is  Final Smart Money Reaction…!!!

 

ATA MIND OVER MARKETS…

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…

ATA from  18.11.2018

” After Last  Mexico Good News 

US – MEXICO  TRADE AGREEMENT 

US  Deal with Mexico & Canada  –   NAFTA 2.0 

MXN was falling

vs

After Last  Mexico Bad News  – Fitch Strike 

MXN was rising

Long Term  MXN  Picture  still   didn’t change

( Monthly Chart )

Bear Technical  Pattern –  2B & 2B BIS  “

 

Second…

Present  MXN   Situation 

Main Motives

All  MXN Negative Impulses discounted 

of course with

FED & Powell Impulses…for Now

 

Long Term  MXN  Picture

Technical Pattern  

Bear  Long Term Technical  Patterns

First 2B  ;  Second  2B & 2B BIS 

on Key Levels  21.00  ;  20.50  & 20.00  Zones 

with

2 Monthly Bear Candlesticks 

&

Long Term Invert Ending Diagonal  

Lower Part – Support Zone 18.50 Key Level 

with

MACD Monthly   Sell  Signal 

of course  Key is EOM –  January

 

Middle  & Short Term MXN Picture

Strong Wave Down 

with

only Bear Candlesticks 

&

MACD Weekly   Sell  Signal 

vs

Support Zone 18.50 Key Level 

Lower Part of   Invert Ending Diagonal  

vs

Daily  Signals of Stop or Pause  MXN Appreciation 

in

Key Level 18.80 Zone

Conformation Back > Psychological Level 19.00 

but

MACD Daily   still Sell  Signal 

 

 

ATA MXN  Investment Conclusion

Focus on carefully

Active  MXN Range 

(  18.50 – 18.80  vs  19 – 19.50 & 20   )

 Psychological Key Level 20.00

Past Support Zone – Now Resistance Zone 

 

always remember

MXN  is still  Main EM CURRENCIES PATHFINDER 

 

 

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  )

4.10.2018

(   First Phase of  American  Session  )

2.11.2018

( EOD & EOW ) 

16.11.2018

( EOD & EOW ) 

18.01.2019