Friday, December 11, 2009

USD/MXN 11/12/2009


USD/MXN long-term studies showed a continuity of the trend supported by price oscillators as RSI and MACD push to the bullish area and remain threaten by a suspicious evening star bearish pattern in the price formation. Should wait for a strong trend confirmation or a divergence signal for the time being lest stay alert if it breaks again the support or resistance patterns
USD/MXN Intra day insight. Over the last week a firm transition trading channel has formed around the band of 12.8500 - 13.002 price fluctuates around the Fibonacci fan pattern, no strong divergence yet with oscillators but no confirmation of any tendency yet.














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