binncho

binncho

POSSIBLE COULD SEE RETESTING 20.20 S AREA AND THEN BACK CLOSE TO 20 S LOWS ... MUCH WILL DEPENDS ON THE RISK MOODE OF THE MARKETS ..SPECIALLY THE S&P AND DXY GOOD LUCK

binncho Updated 

HELLO .. AFTER A FEW WEEKS OF OF VOLATILITY , FINNALY I THINK THE TIME FOR EM AS COME .. IN A FEW DAYS WE LL HAVE THE FINAL RESULT OF THE PRESIDENTIAL ELECCTION , AND THEN ALL THE EYES LL BE FOCUSED IN THE NEXT STIMULUS PACKAGE FOR NEXT YEAR.. THINK DOLLAR LL BE WEAKEN..AND THE PESO WILL STRENGTH ... DON T KNOW HOW FAST COULD BE , BUT I THINK WE NEED...

binncho Updated 

HI THERE , WELL AFTER A GOOD TWO MONTH RALLY FOR MOSTLY ALL OF THE EM CURRENCYES ... SEEM THAT WE ARE NOW IN A " QUIET ZONE " WERE ALL ARE WAITING FOR MORE INFO ABOUT THE 2 ND FISCLA STIMULUS , BT SEEM THAT THIS LL WAIT TILL AFTER THE ELECTION .. AT THE COVID FRONT , RATE CASES ARE RISING WORLD WIDE. , SO YELLOW LIGHT ARE TURNING ON AGAIN ... ...

binncho

AFTER A GOOD REBOUND FROM 21.30 - 50 TO 22.50 , THE USDMXN HAS DID A GOOD "COOL OFF "... NOW RETESTING ONE SUPPORT AROUND 21.80/90 .. WE EXPECT ANOTHER LITTLE COOL OFF HERE BEFORE CONTINUE TO HIS TREND TO THE 21.50 AREA. THEN 21 ... DO NOT HURRY ... STEP BY STEP .. GOOD LUCK

binncho

WHILE WE ARE JUST ENTER TO THE LAST MONTH BEFORE THE ELECCTION .. NOW VOLATILITY IS THE NAME OF THE GAME , - RESURGENCE OF COVID IN EUROPE -TRADE WAR -US ELECTIONS EXPECT TO SEE STRONG MOVMENTS BOTH SIDES .. MEANWHILE TRADE THE RANGE 21.90 - 21.00 .. GOOD LUCK

binncho

MARKET TODAY HAS SUPPORT A FEW TIMES THE 3330 ZONE ... BUT THE END OF THE MONTH IS COMMING AND A LOT OF OPTIONS AND FUTURES CONTRACTS WILL EXPIRE... ALSO A LOT OF FLOWS LL COME AND GO ...SO EXPECT MORE VOLATILITY ... GOOD LUCK

binncho Updated 

USDMXN HAS SHOWN STRONG MOVMENT TO THE DOWN SIDE SINCE THE 22 s .... from a monthly , weekly & daily prospective we can easily see a strong Support Area around. 21.00 .- 20.90 ... Despite the weakness of the Dollar & the good mood in Equity today , this Area seems a good one to add and try some LONGS ... BUT NO RUSH .. ENYTRY 20.90-21 P T -...

binncho

as we posted weeks ago , finally the USDMXN broke any support and yesterday did a strong movement to the south ... almost reaching our target for the year end 2020 .. The moment were more Fundamental than technical, Mexico August inflation print yesterday was much higher than it was expected , around 4% , thus Banxico ( Mexico central Bank ) will have less...

binncho Updated 

HELLO , AFTER TODAY STRONG MOVMENT FROM 21.82 LOWS , THE USDMXN NOW TRADING CLOSE TO THE 22.15-20 RESISTANCE ZONE ... FROM MY PROSPECTIVE , JPOWELL DIDNT SAID ANYTHING NEW ... I KNOW IS A CLOSE CALL , BUT I PREFFER TO TRY SOME SHORTS AROUND 22.15 . STOP 22.22/25 TAKE CARE AND GOOD LUCK.

binncho

FROM A TECNICAL PROSPECTIVE , WE ARE CLOSE TO A NICE RESISTENCE ZONE .. GOOD AREA TO TAKE PROFITS FROM OUR LONGS... GOOD LUCK

binncho

HELLO THERE. ...AFTER BROKE THE 22.25/15 AREA. THIS PAIR SEEMS IS GOING THE TO THE 22 /21.90 LEVEL LETS WAIT TILL THIS ZONE SUPPORT TO TRY SOME LONGS ... GOOD LUCK

binncho

WHILE PULLBACK IS ON TRACK .. FROM A WEEKLY PROSPECTIVE SEEMS THERE IS A GOOD SUPPORT AROUND THE 1910/20 AREA TO TRY SOME LONGS .. BE PATIENT ... GL .

binncho

THE USDMXN HAV BEEN CHOPPY AROUND 22.20 - 22.80 NOW SEEMS THAT WE ARE TOUCHING A CONFULENCE INDICATOR AREA SUPPORT AROUND 22.25 ... S&P IS DOING ANOTHER ATH .... COULS SEE SOME CONSOLIDATION AROUND HERE.. THERFORE NOW WE PRFER TO ADD SOME LONGS AROUND THIS LEVELS . LETS SEE.. GL .

binncho

THE DOLLAR INDEX NOW CLOSE TO NEW ZONE RESISTANCE 93.90-94... WHERE WE COULD SEE THEN SOME REBOUND TO THE DOWN SIDE ...LETS SEE GOOD LUCK

binncho

AFTER BROKE THE 22.30 , THE USDMXN WENT ALMOST TO REACH THE OTHER RESISTANCE 22.70 ZONE... THE CANDLES ARE STRONG , SO LETS WAIT AND SEE IF IT TRIES TO THE NEXT 23.25 AREA , OR STOPS HERE... GOOD LUCK & DON´T FORGET - TAKE SMALL TRADES -AFFORDABLE RISK -USE SL

binncho

AS WE POSTED LAST WEEK , THE 22.20/15 SUPPORT AREA FINNALY WERE BORKED AND THE USDMXN WENT DIRECT TO 21.85/90 NEW SUPPORT .. TODAY 22.20 WAS TOUCHED LIKE A NEW RESSISTENCE ... COULD SEE SOME CONSOLIDATION AROUND HERE 21.85 - 22.20 .... LETS SEE FOR THE LONG TERM PROSPECTIVE WE STILL CONSTRUCTIVE FOR THE MXN ... 21 OR LOW FOR THE END OF THE YEAR...

binncho Updated 

FROM A 4 HR PROSPECTIVE , SEEMS THAT THIS PAIR HAS GOOD SUPPORT FOR NOW AROUND 21.90/80 AREA ...FOR A SHORT REBOUND TO THE 22.15 AREA ALSO NOTE THE MACAD AND RSI ARE DOING SOME SIGNALS ... FOR A LONG TERM PROSPECTIVE , WE STILL SEE THE USDMXN GOING TO THE DOWN SIDE ... GOOD LUCK

binncho Updated 

WHILE IS STILL IN A TRADING RANGE , LATELY THE USDMXN HAS BEEN SHOWING STRONG MOVEMENTS TO THE DOWNSIDE ... I THINK IT LL TRY TO BREAK TO THE SOUTH SOONER THAN LATTER.. MEANWHILE THE WEAKENESS OF THE DOLLAR & MORE STIMULUS COMMING ....THEN NEXT POSSIBLE RANGE 21.80-22.15 STEP BY STEP ...