Thursday, December 10, 2009

USD/MXN 10/12/2009

USD/MXN on the Long-term approach RSI is breaking to the bullish behaviour along with MACD Oscillators, Japanese price formations indicate a bullish engulfing pattern, resistance for today settled at a 13.07ish Bollinger band break through, and we can fist appreciate a postive pure MACD (MACD minus 9 EMA) bearish period for the next days is over.
Intra day USD/MXN analysis, bull buying pressure is outperforming sellers with a long bodied uptrend in Japanese price formation, momentum indicators are triggering all the buy signals together, breaking later today the 13.05 will be a signal that the near-term trading period is over to continue with the upward main trend.

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