USD/MXN Daily Study: After three straight days on Doji closes, the dollar finally get some winnings, it is all intra day upward correction, or technical rebound if you will as none of the oscillators nor momentum indicators yield reverse trend yet. Ichimoku signals remain strong bearish, lets set resistance at the beginning of today's cloud 12.80
USD/MXN Intra day study: Confirmed hourly trend reversal by oscillator and momentum indicators, the bullish pattern still weak and stochastic’s already yield overbought, RSI approaching same levels, resistance for today at 12.77, 10 period Bollinger yields a double top sell signal, recommendation, quit with the winnings and go short for the rest of the day.
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