20/01/2010

USD/MXN Daily Study: After three straight days on Doji closes, the dollar finally get some winnings, it is all intra day upward correction, or technical rebound if you will as none of the oscillators nor momentum indicators yield reverse trend yet. Ichimoku signals remain strong bearish, lets set resistance at the beginning of today's cloud 12.80

USD/MXN Intra day study: Confirmed hourly trend reversal by oscillator and momentum indicators, the bullish pattern still weak and stochastic’s already yield overbought, RSI approaching same levels, resistance for today at 12.77, 10 period Bollinger yields a double top sell signal, recommendation, quit with the winnings and go short for the rest of the day.

USD/MXN 19/01/2010

USD/MXN Long term Daily Study: Japanese oscillators yield strong selling signs, good confirmed tendency by the cloud and the tenkan-sen. Followed by the same pattern in the MACD. Look for the price formation of three takuris in a row, coud be a sign that the bottom has been reached, stay alert for a 12.70’s breach.

USD/MXN Hourly Studies show no divergence on the bearish downtrend signalled by oscillators, Fast and slow stocasticks approaching oversold and a new trading channel established at 12.35-12.77 , large volatily session for today given the gap on the 10 period bollinger

USD/MXN 08/01/2010

Hourly outlook shows an upward mild correction from the main daily bearish trend, with an hourly morning star formation over the last three hours and a bullish momentum indicators, intra day support set at 12.7900 barrier

USD/MXN Daily Study. Bearish trend continuous without correction. Resistance set beneath the 10 period Bollinger at 12.70 momentum and oscillators look bearish while the fast stochastics triggers first premature buy sign, lets wait for the second one to confirm.

USD/MXN 05/01/2010

USD/MXN Hourly Study shows a big space for a positive divergence forming, still need to wait for all the confirmations signals. Momentum indicators are beginning to push up but still everything remains on the bearish side whit quite volatile gap on the 10 periods Bollinger, don’t forget to note the bullish piercing pattern on the candles, good time to go intra day long.

USD/MXN Daily weak buying signals on the oscillators and a price loosing momentum over our daily span, bullish crossover under the cloud and a upward correction signal on the candles price formation may end up in a morning star, after last three days drmatic decrease today is a good day to go long.

01/Jan/2010 USD/MXN

01/Jan/2010 USD/MXN Daily. HiHi Frds Hope you welcome me back after a well deserved winter break, All though its said that the markets never sleep. They kind of did during my absence.
Daily studies shows no strong confirmed trend reversal from the Dollar bearish tendency against the Mexican Peso in spite of the correction upward reversals during December last week, add up a ten period Bollinger band to my already crowded chart and you’llfin a text book double top sell signal at 13.1. weak bullish tendency signals on American and Japanese oscillators while the price losses momentum quite rapidly, bottom for this correction will be found rapidly so if your not in, get in now.

01/Jan/2010 USD/MXN Hourly. Like I was saying, first time I get the chance to see this, price gaps on the FOREX markets, even though this is the hourly study market was dead for most of the year change. Any how we have a dollar here gaining intra day momentum against the selling pressure and MACD that shows no signs of become stronger, we might appreciate a few upward correction within the Bollinger limits without an expected trend reversal