09-12-2009

Intra day support for today’s bullish trends settled as 12.859, dollar gaining momentum, Japanese price patterns show we expect small correction reversal while preserving the main uptrend do not panic if you are still long and if you want to move in wait for it close at a 12.90 price as MACD triggers a shy bear signal followed by break of RSI to overbought levels.

Long term usd/mxn, While Ichimoko does not yield any strong reversal change to bullish we cant discard any short-term trend reversal until it breaks the cloud, still there is a strong takuri formation confirmed by a shooting start pattern along with bullish oscillators signals, suggest to move in and close out any short positions for the next days