Friday, February 26, 2010

USD/MXN 26/02/2010



26/Feb/2010 Daily Study: baseline of our last candle hovering around the 12.78 level, gap spread of the bearish sign triggered by Japanese oscillators is widening, bearish MCD approaching negative territory, price formation lures for the third Doji buttom star, slow stochastic still to penetrate oversold regions, reverse trending to bearish is becoming confirmed by the three Japaneese signals, we can expect a third undetermined trading day among the 12.77 12.85 channel. Enjoy the weekend, over and out.

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