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.
Thursday, March 4, 2010
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