01/Jan/2010 USD/MXN Daily. HiHi Frds Hope you welcome me back after a well deserved winter break, All though its said that the markets never sleep. They kind of did during my absence.
Daily studies shows no strong confirmed trend reversal from the Dollar bearish tendency against the Mexican Peso in spite of the correction upward reversals during December last week, add up a ten period Bollinger band to my already crowded chart and you’llfin a text book double top sell signal at 13.1. weak bullish tendency signals on American and Japanese oscillators while the price losses momentum quite rapidly, bottom for this correction will be found rapidly so if your not in, get in now.
01/Jan/2010 USD/MXN Hourly. Like I was saying, first time I get the chance to see this, price gaps on the FOREX markets, even though this is the hourly study market was dead for most of the year change. Any how we have a dollar here gaining intra day momentum against the selling pressure and MACD that shows no signs of become stronger, we might appreciate a few upward correction within the Bollinger limits without an expected trend reversal
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