Setup on Chart ... correction in process, but after that 900+ is coming . Regards !
Chilean Peso is Doomed to become the new #TRY. #USDTRY. Might end up invading Bolivia while Trump Invades Southamerica. For the Resources.
Recession will kick in with more and more cases of covid19. Orobsbly if we hsve first desd in Chile will jump stronger usdclp. Also stocks should drop due the meassures of the gov with Quarantine. Usa stocks might drop aswell. Dxy above 100 will help support on usdclp.
Next longs shall come from near 830 to 820. Target 890
Follow the channel. US30 will tend to support this week and IPSA will follow taking us dollar down. Later this or next week we might hit 844 target.
Long usdclp. Target 830 and higher. Today "first confirmed" coronavirus case will be the perfect excuse for government. Probably due the big Pharma developing Vaccines are in the States. Truth is Chile External debt is rosing 200 bi. A breack up will trigger big longs against the peso. Expect currencu exchange up to 500% and more higher during next 1-5...
IF central bank intervenes the USD expect some bearishness. If not, still will see some breack of 800 near 793 max bottom then new high.
USD/CLP completed a harmonic bearish deep crab.We have a complex structure which is the beginning of the rsi bamm bearish divergence.Wait for the completion of this bearish rsi bamm divergence and then enter for type 1.It will takes time.Be patient and wait
Inverse usd peso chilean is most power of Copper , inverse usd peso chilean antipates copper movement's , Chile is the most important producer of copper in the world , the ratio copper gold is great indicator of interest rates us treasury 10 years , and then the difference yield 10 years - yield 2 years is spread that anticipates bear market , this scheme optimize it .
Chile is the most important producer of Copper , the importance of Copper on Thomson Reuters/CoreCommodity .Peso Chilean anticipates Crude Oil .
yo veo una posible venta en el par usdclp, operando a favor de la tendencia bajista. colocar orden pendiente sell stop, en el nivel 38 del retroceso del fibo ya que el impulso de la onda fue muy fuerte asi que pienso que llegara al nivel 50, para caer hasta el nivel -27 del retroceso. operar bajo su propia responsabilidad