Returning to its bearish path, we started the week drilling the support, if it closes on this level we hope that the fall will deepen ...
Alguien pidio los $650 ? Retomando su senda bajista, partimos la semana perforando el soporte, de cerrar asi es esperar que se profundice la caidas...
#USDCLP chart
Hey. Check USDCLP. 1W,1M,1D shows that we are inside global bearish flag. But now it's moving down. It comes realistic with thoughts about word crisis.
A year ago I posted a chart (see related) with map of weakness for CLP.
This is daily chart to give you the map of the current impulse.
Wave 4 could have been completed now.
Wave 5 should at least tag former top of CLP 732.
The next target is CLP 764 where 5 = 100% of 1-3
Emerging Markets are weak in general, but this is one of those economies that are quite apart of the rest. A very stable country that would benefit from foreign assets stepping out from risk economies like the U.S and Europe.
Unfortunately, it's quite difficult to find a broker offering this pair.
Learn how to beat the market as Professional Trader with an...
=> Here we are actively looking for a USD short to add to our EM FX portfolio
=> With Chile fundamentals remaining attractive, strong economic growth and increase in business sentiment we are seeing a helping hand driving investment.
=> From a monetary policy perspective the BCCh are expected to raise rates this month by 25 bp
=> We are targeting the 38.2% fib...
Al cierre de la semana, tras llegar a la zona de precios de los $608 CLP/USD ayer jueves, ($607 para ser precisos), esperaría cierta toma de utilidades después de los avances de la semana, para así formar un pullback que permita darle continuidad a las alzas en el tipo de cambio durante la próxima semana, ésto es empujado por las correcciones de corto plazo en el...
The 2-year lasting correction could be over soon.
Candlesticks in wave Y chart the shape of ending diagonal, which is strong reversal sign.
Wave Y is already equal to wave W as it means that the USD drop was sufficient.
The former major top at the 732 is the minimum target.
See related idea in Turkish Lira, it could be similar.
This website uses cookies to ensure you get the best experience on our website. To learn more about cookies, including how to control cookies, please read our Cookies Policy.
