Wednesday, March 3, 2010

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


No comments:

Post a Comment