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  • USDMXN - US Dollar to Mexican Peso

USDMXN USD/MXN

US Dollar to Mexican Peso

%
Trading schedule (UTC0) -
 Closed Now
Opening on Sunday at 23:05

Open

Close

High

Low

Day’s range

52wk range

-
Short swap 67
Sell
Long swap -514
Buy
Min spread
40.0
Avg spread
0
Current spread

US Dollar to Mexican Peso

By date
  • By date
  • Metadoro first
25.04.2024 In-house analytics

I'm considering a modest risk investment strategy amidst anticipated stock market turbulence, and I find the Mexican peso particularly appealing. The USDMXN pair has shown a consistent pattern of following an ascending channel since 1994, with the support of this channel proving resilient on multiple occasions. Currently, prices are resting at this support level, presenting what I believe to be an excellent buying opportunity within the range of 16.500-17.500.

My target for potential gains lies within the range of 23.500-25.500, representing a potential upside of 42.0%. To mitigate risk, I've set a stop-loss at 13.000, ensuring that losses are limited should the market move against my position.

In my assessment, even in a worst-case scenario, I anticipate the pair to follow the support of the channel, providing a level of stability. However, in the event of significant crisis events akin to those seen in 2008 and 2020, I believe the pair could see substantial upward movement.

This strategy resembles a safe-haven call option, where I maintain the position open while paying only for the opportunity it presents.

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Details
Account Type
CFD Trading: MetaTrader 5
CFD Trading: MetaTrader 5
CFD Trading: MetaTrader 4
Commission 4 USD
Trading schedule (UTC0)
Closed Now Opening on Sunday at 23:05
Sunday 23:05 - Monday 21:55
Monday 23:05 - Tuesday 21:55
Tuesday 23:05 - Wednesday 21:55
Wednesday 23:05 - Thursday 21:55
Thursday 23:05 - Friday 20:55
This shows the opening hours in your local time zone (UTC0)
Ticker USDMXN USD/MXN
Contract value 100000 USD
Maximum leverage 1:500
Swaps history
Loading
Date Short Swap (pips) Long Swap (pips)
Minimum transaction volume 0.01 lot
Maximum transaction volume 20 lots
Hedging margin 50%

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