Even though the main driver for Chilean peso is the copper price, before any election, the volatility can be used as a good trading edge.
In this case, the Chilean peso should rise to 900 by Friday.
Let's see how it moves.
This is not commercial advice, just a live trial.
USDCLP
GOOD time to go SHORT , aiming 820 .
Central Bank is moving interest rate higher and higher, and will keep doing it as Inflation doesnt Stop .
Wait around 860 and Place your order.
Regards
It's a bit early to declare that, but I see some kind of weakness in buyers behavior. If you compare this chart with Gold, you'll see the same inability overcome the previous High(875clp in our case).
I'll wait for a confirmation, we have to come back to the blue trading range.
The channel marked with green color also could be helpful, so we can be in a phase...
Para todo aquel que quiera comprender la correlacion entre el tipo de cambio dolar/peso y variables como la tasa de interes USRATE 10Y, los precios de commodities del oro, plata y cobre, la inflación en chile y la tasa de interes chilena. Se pueden observar bastantes correlaciones
Para todo aquel Chileno que le interese entender la correlacion entre el tipo de cambio dolar peso y tasa de interés 10Y y el precio del oro, plata y cobre.
Hello everyone.
This are 2 possibilities, in my opinion, for the next days.
Possibility 1: The price will up to the resistance and then it'll down (building Head and Shoulders Pattern). So in this case, we have 3 opportunities to trade:
Long trade: Buying now with TP in the resistance
Short trade: Selling when the price stay in the resistance with TP in...
