Charting the Mexican Peso and Copper

Published on
March 14th, 2019
Duration
11 minutes

Charting the Mexican Peso and Copper

Technical Trader ·
Featuring Steve Voulgaridis and Grega Horvat

Published on: March 14th, 2019 • Duration: 11 minutes

Steve Voulgaridis and Grega Horvat of ForexAnalytix join Real Vision to analyze the technical setups in the Mexican peso and copper. They run through the charts, highlight key levels traders should pay attention to, and discuss how to make the trades. Filmed on March 13, 2019 in New York.

Comments

  • PW
    Phil W.
    14 March 2019 @ 20:19
    Muchas gracias, seƱores
  • PC
    Peter C.
    14 March 2019 @ 16:54
    Liked this a lot. This is the first time I see how classical charting being combined with EW to verify if things aligned. Do you guys think it's better to do it this way or use a single system for simplicity?
    • SH
      Steve H.
      14 March 2019 @ 17:55
      Both of them contribute to ForexAnalytix, the business model for which is based on combining traditional technical analysis, candlestick analysis, Elliott Wave, and Harmonics. It's a subscription service, but the daily FACE webinar is free and well worth catching. Grega also has his own EW-only subscription service; I'm personally a bit sceptical about EW, but I've been following him for a while just to keep an eye on 'the dark side', and his calls have been seriously impressive. Hope that helps.
    • GH
      Greg H. | Contributor
      18 March 2019 @ 08:58
      the best way is to do what fits you. If with your current approach you are making money, dont change the system. However, in my analysis, I have my primary method which is Elliott Wave, but then have other methods like candlesticks, indicators that I use to confirm good EW pattern. Hope that helps, Grega
  • SS
    Steve S.
    14 March 2019 @ 14:17
    I'm personally playing Copper via Southern Copper Corporation (SCCO). Been a great trade YTD.
  • PC
    Paul C.
    14 March 2019 @ 11:56
    More short bias: 1. The Commitment of Traders reports are showing large speculation for USD/MXN at 5-year highs. 2. The relative GDP growth forecasts are slightly in Mexico's favour. 3. The carry trade favours MXN... I'm talking myself into having a punt!
  • PC
    Paul C.
    14 March 2019 @ 11:49
    Thanks guys, enjoyed the analysis. Elliott Wave always fascinates me.
    • GH
      Greg H. | Contributor
      18 March 2019 @ 08:59
      thank you ;)
  • AP
    A P.
    14 March 2019 @ 11:37
    USDMXN, just pulling out a longer term chart shows a massive triangle formation range that started on January 23rd and is now at the support level since January 2019. Next move is to the upside of the triangle - to the 20/ 20.2 area not downside..
    • AP
      A P.
      14 March 2019 @ 11:37
      *Jan 23rd 2017
    • GH
      Greg H. | Contributor
      18 March 2019 @ 09:00
      Yep, very possible, there are multiple options on the table. but looks like that that lower side of a range can be retested first.