Friday, December 18, 2009

USD/MXN 18/12/2009/


On the daily outlook bullish price formation is taking place on the candlesticks while the price gains momentum, mild buy signals over RSI and MACD, we can expects it breaks the 13.00 resistance level over the next days.
USD/MXN Intra day short-term analysis yields a positive outcome from last time we look into this chart, General up trend with minor corrections establishing a new trading channel between the 12.85s and 12.95s Bullish positive MACD with minor correction, bearish engulfing pattern forming so we can expect another price reversal to set the price back into the trading channel.







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.











Friday, December 11, 2009

USD/EUR 11/12/2009

At our audience request, we chart G7

analysis as well, join us today for our first EURO brief Cheers!!

USD/EUR Long term analysis, It looks like a trend reversal and we have sell signals triggered by MACD and a bearish trend RSI, not be strongly confirmed yet as the price is trading within the Ichimoku cloud and the cross over of Tenkan-sen downward Kinjun-se is weak as it happened above the cloud support, Fibo retracements showed that it just touched the first down to 32.8% support, should wait for the Japanese trend confirmation





INTRA day-
USD/EUR Intra day study, not so much to infer here, a clearly bearish outside the trading channel of 1.46-147 pattern confirmed by a negative MACD reading, Support settled along with the Bollinger inferior band 1.4596 support, RSI deeply in oversold but no signs of the bears loosing momentum with negatively skewed rate of change, probably a positive divergence formation coming in, recommendation, close out long positions




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.














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.

Wednesday, December 9, 2009

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

Tuesday, December 8, 2009

USD/MXN 08/12/2009 End of Day

Hourly USD/MXN still up on the bullish trading channel but we can note of the correction negative divergence with RSI forming a technical rebound along with the upward tendency of the Rate of Change, MACD Oscillator remains positive but still weak as volatility continue to increase after the reversal of a quite pronounced bearish period. Resistance for tomorrow settled 12.98. near term recommendation: HOLD




Long term USD/MXN Western Indicators yield timid buy signals with RSI about to break the 50 goal line and a barely positive MACD difference as strong upward movement happened today pushin the price way outside the main trading channel, Japanese sceptic and conservative indicators trigger three strong bearish signals. Last days have been of high volatility as the spread on Bollinger bands states, Hold any current winning long position but no the best time to move in yet

08-dec-2009 USD/MXN


Long term aproach remembered us that nothing is set on stone.hourly studies with prices still away from the clouds resistance barrier,oscilators dont discard the bearish period just yet. resistance can be setted a 12.95 usd/mxn



Hourly USD/MXN on the hourly study we can see two bullish confirmed signals while trading volatilty increases towards usd breaking the 12.85 level and up. we'd like to se a wider gap on a positive MACD to confirm a strong trend reversal