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 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.

USD/MXN 08/12/2009 End of Day

Hourly USD/MXN still up on the bullish trading channel but we can note of the correction negative divergence with RSI forming a technical rebound along with the upward tendency of the Rate of Change, MACD Oscillator remains positive but still weak as volatility continue to increase after the reversal of a quite pronounced bearish period. Resistance for tomorrow settled 12.98. near term recommendation: HOLD




Long term USD/MXN Western Indicators yield timid buy signals with RSI about to break the 50 goal line and a barely positive MACD difference as strong upward movement happened today pushin the price way outside the main trading channel, Japanese sceptic and conservative indicators trigger three strong bearish signals. Last days have been of high volatility as the spread on Bollinger bands states, Hold any current winning long position but no the best time to move in yet