- Metadoro
- Markets
- Currencies
- USDMXN - US Dollar to Mexican Peso
USDMXN USD/MXN
US Dollar to Mexican Peso
US Dollar to Mexican Peso
- By date
- Metadoro first
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.
Ticker | USDMXN USD/MXN |
Contract value | 100000 USD |
Maximum leverage | 1:500 |
Date | Short Swap (pips) | Long Swap (pips) | No data |
---|
Minimum transaction volume | 0.01 lot |
Maximum transaction volume | 20 lots |
Hedging margin | 50% |
USD Exposure | Max Leverage Applied | Floating Margin |
---|