{"id":8862,"date":"2010-04-28T08:10:34","date_gmt":"2010-04-28T12:10:34","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8862"},"modified":"2010-04-28T08:10:34","modified_gmt":"2010-04-28T12:10:34","slug":"usdmxn-provides-bearish-signals","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/28\/usdmxn-provides-bearish-signals\/","title":{"rendered":"USD\/MXN Provides Bearish Signals"},"content":{"rendered":"<p><strong>By Anton Eljwizat<\/strong> &#8211; The USD\/MXN cross has been experiencing much bullish behavior in  yesterday trading session. However, there is much technical data that  supports a bearish move for today. As I demonstrate below, that the  USD\/MXN may very well be heading for a reversal, and it might have the  potential of reaching towards 12.12 in the coming days. Forex traders  can take advantage of this imminent downward movement by entering short  positions at an excellent entry price.<\/p>\n<p>\u2022\tThe technical indicators used are the  Slow Stochastic, Relative Strength Index (RSI) and Williams Percent  Range.<\/p>\n<p>\u2022\tPoint 1: The Slow Stochastic indicates a bearish cross, which may  signal a downward movement is going to occur in the near future.<\/p>\n<p>\u2022\tPoint 2: The RSI signals that the price of this pair currently  floats in the over-bought territory, indicating downward pressure.<\/p>\n<p>\u2022\tPoint 3: The Williams Percent Range signals further bearishness for  the pair, which in turn indicates further downward pressure to occur  anytime soon.<\/p>\n<p>USD\/MXN 4-Hour Chart<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/USD-MXN-28-4.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/USD-MXN-28-4.JPG\" alt=\"\" width=\"473\" height=\"586\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex                         Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                         may not be suitable for all investors. There is a              possibility      that     you   could sustain a loss of all   of    your         investment and      therefore  you     should  not    invest   money  that   you      cannot afford to      lose. You   should    be      aware of   all   the    risks   associated with    Foreign      Exchange    trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Anton Eljwizat &#8211; The USD\/MXN cross has been experiencing much bullish behavior in yesterday trading session. However, there is much technical data that supports a bearish move for today. As I demonstrate below, that the USD\/MXN may very well be heading for a reversal, and it might have the potential of reaching towards 12.12 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/28\/usdmxn-provides-bearish-signals\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/MXN Provides Bearish Signals&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8862","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8862","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8862"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8862\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8862"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8862"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8862"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}