USD/MXN 17/Mar/2010

USD/MXN daily chart reveals no signs of trend exhausting yet, RSI still to pierce the oversold area and roc flat at the below cero level, today’s support set over the Chikou Japanese level at 12.47 level.

USD/MXN Price testing the 12.47 level continuing with the overall bearish trend, pullbacks yielded by lateral oscillators warned us of correction upwards back to the 12.50 level (mid Bollinger) MACD still bearish and stochastic sensitivity increasing to mild price movements, we can expect downward to continue towards the 12.46 level.

USD/CLP 17/Mar/2010

CLP on the hourly intra day study, upward trading channel getting narrower with price testing 527 level and responding to mild correction movements back to the 75% 524 anticipated by the Stochs and RSI, bullish trend gaining momentum we can expect this to continue, next intra day resistance: 527.

CLP Price testing the upper cloud resistance at 529.11 and Japanese oscillators aiming to take a bullish crossover while MACD has done so just on the cero level, RSI pushing upward and momentum at cero % level, bullish behaviour with next resistance to break at the 38.2% level of 531.33

USD/BRL 17/Mar/2010

BRL Long term daily Study, shows a trading period followed after the main bearish trend price floating between the 1.7548 and 1.7672. Downward movement gaining momentum and RSI still with terrain to push downward without overselling, next support to break is the 1.75 level.

USD/COP 17/03/2010

Bearish divergence on the RSI, formation on the candles suggest an upward piercing pattern supported by a positive MACD forest next resistance to break set at the 1,904 Fibo 61.8% retracement, we can expect the corrective upward to start retracing at the 1,897 and aim towards an 1,887 price level.

USD/MXN 10/MAR/2010

USD/MXN Hourly intra day studies show further downward movement on today's bearish trend, price break through the 61% Fibo level fast stoch’s on hourly oversold and and a firm bearish RSI today’s first trading day support at the 12.5900

USD/MXN Price testing the 0% Fibo barrier, no signs yet of any trend reversal

EUR/USD 08-Mar-2010

EUR/USD long term daily study show no strong evidence of reversal on the bearish trend, wide gap among tenkan and kinjun, Doji pattern on the slight upward correction warning of a possible bullish corrective shooting star, lets wait for the next candle to confirm as the weak buying signals occur on the MACD oscillators and RSI, today resistance set at Kinjun’s 1.3730

EUR/USD Horly Study verifys of a downtrend correction after last three days upswing, hourly non-legged doji at today's lowest 61.8% of fibo level warns us of an upward movement for today as the sotch’s made their second dip on the oversold area, todays trandign band setted at 1.3600 -1.3680, we can expect to back to the 80 level in the next few hours.

08/MAr/2010

USD/MXN Long term daily observation Study: trend movements running out exhaust for today, long-legged Doji forming today warning us for missed of validation on the bearish trend as it losses momentum but keep the oscillators strong in the trend direction.

USD/MXN Intra day hourly Study: Mild ipward correction price movement as the stoch’s yield on the bullish side and an RSI shows positive skewed, price testing the 23.6% fibo level at 12.63 and pushing to the 12.65, resistance for today set at 12.67 level

05/Mar/2010 EUR/USD

EUR/USD Daily Study: Price over trading channel inflection point after a heavy sustained bearish trend, gap on Tenkan over Kijun and mild MACD upward correction signals, downward trend to continue along with the negative price channel among the 1.35-1.38 levels

EUR/USD Intray day Study: price upward correction timely reacting the RSI bullish signal. None the less the MACD bullish crossover is a correction signal not a trend reversal as it took place in below cero area, Stoch’s taking the first dip and a black hourly candle on the Price pattern formation still bullish , resistance for today settled at the 61.38% Fibo line, 1.3630. Price will dance arount the 30-40 levels

USD/MXN 05/Mar/2010

USD/MXN Intra day. Study: RSI negative divergence took his pay off from the intra day bulls. Price tested the 12.65 level and stoch’s get ahead at the first oversold dip, MACD strongly bearish on negative area. Intra day takuri in Japanese formation predicts of a return to the 12.68 for today

USD/MXN Daily study: bearish aggressive pattern has no indication of stopping soon, Exp RSI warns of a tech rebound stopping to test the 12.60 level today

USD/MXN 04/Mar/2010

Intra day hourly studies USD/MXN: Hourly candle analysis show an unpward tech rebound back to the 23.6% Fibo level after last stron bearish trend on February the 25th. Weak bull signal triggered on the negative territory of MACD with very clear negative divergence on the upward correction and the RSI. Rest of the day we can expect the price hit back the 12.68 level. Stoch’s reacting already on the overbought area.

USD/MXN Daily study: as it was shown by the triangle figure, MXN is having a slight upward correction day a Roc approaching 0 and the Exponential RSI bouncing from the oversold band, bearish oscillator indicators are still pretty strong, no sings for suspect trend reversal yet

USD/MXN 03/MAR/2010

USD/MXN Daily study: Japanese clouds confirms a strong daily bearish trend with no signs of weakening yet, how ever as the candles daily body keeps on tightening we might see a big determent price break through, Exp RSI dipping into oversold area and ROC loosing momentum over the main bearish trend

30 minutes intra day Study USD/MXN: Oscillators keep on yielding mild tech rebound signals after testing the 12.69 support from momentum indicators trigger a tech rebound yet with both slow and fast stoch’s avoiding the first dip yet. Japanese candle formation warns us of a reversal to the 12.70 before coming back again as MACD is still on negative territory

USD/MXN 02/03/2010

USD/MXN Daily studies shown a confirmed set bearish trend ano evidence for this to change over the next days, Candles show and opening lower each day, but with decreasing body length, should expect a Doji pattern to build over the bearish trend until we can suspect a change, gap along bearish tankan cross over keeps on widening, expect to break the 12.70 level this week

USD/MXN Hourly Studies indicate a mild upward technical correction over the main bearish trend, pushing the price back to the 12.72 levels after test the 12.69 barrier, Stoch’s reacting fast, will breach overbought around 12.75 before pushing down again.

01/MAR/2010

USD/MXN Rally over peso is long gone for now, stochastic hesitating to take the first dip and MACD flirts with weak correction crossover below the -1 line, price channel between the 12.74 line and the 12.78. we bearish trading channel with heavy inflection undetermined hourly period. We can expect minor upward correction among the same downside trend for the next few days to come

USD/MXN: Daily Studies showed all Japanese textbook confirmed bearish signals with decreasing daily momentum, 12.7525 barrier tested, lowest closed in the last six month period was 12.65, Bearish price formation taking place