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...
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 .
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
Chile is the largest copper producer in the world, the quantity it produces is double that of Canada, triple that of Russia and quadruple the United States, there is a relationship between its currency and the performance of copper , have a very strong weekly trend correlation
So the divergence wins ! but we cannot sing victory yet... MA of Middle-Term acting as a support, we need to brake the $700 CLP to celebrate ! (MA of Long-term)
Y la Divergencia tomo efecto, pero aun es anticipado para cantar victoria, Grafico 4H, MM de MP actuando de soporte . Necesitamos vencer esos $700 (MM de LP)
Divergence on the top of the chart, this pair did not touch the all times high by little, but remember that support and resistance are ZONES !
Les comento una divergencia bajista en la parte alta del gráfico, no tocó el último máximo histórico por poquito, pero recuerden que los soportes y resistencias son ZONAS ! FX_IDC:USDCLP
USDCLP a Corto Plazo
Todas las variables anteriormente mencionadas con excepción del DXY, apuntan a una continuidad alcista hacia el objetivo planteado en la zona entre los $731-734 CLP/USD, como se indica en gráfico semanal.
en gráfico de 4hrs, redondea el objetivo entre $734-736 como objetivo probable ONDA (5)-III, sin embargo, dada la intensidad de los...
The 700 is a good point to analize for this pair. If breaks maybe could go for 715, meanwhile if don't, the fall could be to reach last support on 680.
