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 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