Wednesday, December 16, 2009

USD/MXN 16/12/2009


USD/MXN Daily For the second time in the H2 2009 it deeply pentrates the 12.800 barrier, Ichimoku cloud analysis trigers a strong bearish trend confirmed by the three Japanese signals together, RSI in the bearish direction as well as decreasing MACD Value but still on the bullish signal side we can expect minor correction that brings the price up at least to the 12.80 level, stay alert for the price formation patterns on the candlesticks
USD/MXN intra-day analysis: undetermined price trading among the channel line of fibo’s 0% and 23.6% resistance settled at 12.74 and strong short term bullish signals on the price oscillators and momentum indicators, long term recommendation buy for a barrier break through gain.











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