Friday, January 8, 2010

USD/MXN 08/01/2010

Hourly outlook shows an upward mild correction from the main daily bearish trend, with an hourly morning star formation over the last three hours and a bullish momentum indicators, intra day support set at 12.7900 barrier

USD/MXN Daily Study. Bearish trend continuous without correction. Resistance set beneath the 10 period Bollinger at 12.70 momentum and oscillators look bearish while the fast stochastics triggers first premature buy sign, lets wait for the second one to confirm.

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