24/Feb/2010 Downward correction after yesterday rally on the MXN, price breaking already the 50% Fibo retracement, increasign downtrend signal over macD but the crossover was still in positive territory, sotchs are not double dipping so we can expect this down ward correctinous all the way to 12.83’s level before bulls re enter it

USD/MXN Daily long term study show quick correction after a winning day for the USD than end up with strong crossover in oscillators (MACD and Tenkan/Kijun) forming today’s weak dark cloud formation pattern still touching the resistance of the cloud, not enough confirmations signals for a trend downward reversal yet, four days of trading within the cloud confirm the heavy trading period, Fast stoch’s alredy returnning from oversold Hold long positions, if any trigger exits at 12.78 Cheers!!