USD/MXN 04/Mar/2010

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.

USD/MXN Daily study: as it was shown by the triangle figure, MXN is having a slight upward correction day a Roc approaching 0 and the Exponential RSI bouncing from the oversold band, bearish oscillator indicators are still pretty strong, no sings for suspect trend reversal yet

USD/MXN 03/MAR/2010

USD/MXN Daily study: Japanese clouds confirms a strong daily bearish trend with no signs of weakening yet, how ever as the candles daily body keeps on tightening we might see a big determent price break through, Exp RSI dipping into oversold area and ROC loosing momentum over the main bearish trend

30 minutes intra day Study USD/MXN: Oscillators keep on yielding mild tech rebound signals after testing the 12.69 support from momentum indicators trigger a tech rebound yet with both slow and fast stoch’s avoiding the first dip yet. Japanese candle formation warns us of a reversal to the 12.70 before coming back again as MACD is still on negative territory

USD/MXN 02/03/2010

USD/MXN Daily studies shown a confirmed set bearish trend ano evidence for this to change over the next days, Candles show and opening lower each day, but with decreasing body length, should expect a Doji pattern to build over the bearish trend until we can suspect a change, gap along bearish tankan cross over keeps on widening, expect to break the 12.70 level this week

USD/MXN Hourly Studies indicate a mild upward technical correction over the main bearish trend, pushing the price back to the 12.72 levels after test the 12.69 barrier, Stoch’s reacting fast, will breach overbought around 12.75 before pushing down again.

01/MAR/2010

USD/MXN Rally over peso is long gone for now, stochastic hesitating to take the first dip and MACD flirts with weak correction crossover below the -1 line, price channel between the 12.74 line and the 12.78. we bearish trading channel with heavy inflection undetermined hourly period. We can expect minor upward correction among the same downside trend for the next few days to come

USD/MXN: Daily Studies showed all Japanese textbook confirmed bearish signals with decreasing daily momentum, 12.7525 barrier tested, lowest closed in the last six month period was 12.65, Bearish price formation taking place

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!!