USD/MXN Long term Daily Study: Japanese oscillators yield strong selling signs, good confirmed tendency by the cloud and the tenkan-sen. Followed by the same pattern in the MACD. Look for the price formation of three takuris in a row, coud be a sign that the bottom has been reached, stay alert for a 12.70’s breach.
USD/MXN Hourly Studies show no divergence on the bearish downtrend signalled by oscillators, Fast and slow stocasticks approaching oversold and a new trading channel established at 12.35-12.77 , large volatily session for today given the gap on the 10 period bollinger
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