Tuesday, March 2, 2010

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.

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