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...
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.