USD/MXN 26/02/2010

26/Feb/2010 Daily Study: baseline of our last candle hovering around the 12.78 level, gap spread of the bearish sign triggered by Japanese oscillators is widening, bearish MCD approaching negative territory, price formation lures for the third Doji buttom star, slow stochastic still to penetrate oversold regions, reverse trending to bearish is becoming confirmed by the three Japaneese signals, we can expect a third undetermined trading day among the 12.77 12.85 channel. Enjoy the weekend, over and out.

24/Feb/2010 Downward correction after yesterday rally on the MXN, price breaking already the 50% Fibo retracement, increasign downtrend signal over macD but the crossover was still in positive territory, sotchs are not double dipping so we can expect this down ward correctinous all the way to 12.83’s level before bulls re enter it

USD/MXN Daily long term study show quick correction after a winning day for the USD than end up with strong crossover in oscillators (MACD and Tenkan/Kijun) forming today’s weak dark cloud formation pattern still touching the resistance of the cloud, not enough confirmations signals for a trend downward reversal yet, four days of trading within the cloud confirm the heavy trading period, Fast stoch’s alredy returnning from oversold Hold long positions, if any trigger exits at 12.78 Cheers!!

USD/MXN 22/FEB/2010

Daily study for USD/MXN 22/feb/2010: Today’s trading day behaves like an inflection point, due to the Doji formation on today's candle, bearish crossover about to take place on the tenkan, kijun lines, and a double dip positive divergence yielded bon the fast-slow sotch lines, today is good day to go long and at the 12.78 level to make an overnight gain in tomorrows tech rebound z

Hourly Study: USD/MXN, after reaching buttom at 12.74 usd/mxn is approaches back to the trading channel of the 12.80 momentum and oscillators trigger the buy signals as an upward that is about tu over, as the Japanese price formation yields with the shooting star formation trend reversal to bearish watch for the double top sell confirmation on the bollinger. ,rest of the day we can expect a high volatile undetermined trading day

USD/MXN 12/02/2010

Intra day Study: Oscillators at the breakeven inflection point, price pattern shows a bearish trend for today while MACD approaches negative territory, bearish support confirmation for today set as 12.95 following fibo projections, none stochastic still triggering oversold. We could this bearish near term correction continuing for today

Daily period study over usd/mxn, bulls have not yet to worry about for a main reverse trend as all the daily period oscillators still confirm a bullish trend, today's candle penetrate the cloud support but still is a winning candle, crossover within the cloud next to chikou shows trading period but not a strong trend reversal yet., support set within the cloud at 12.80