Traders,
Nice technical set up for USDCLP here. Really like the set up and there's bound to be some bear momentum into the new week ahead. Also worth noting that the 3 wave system target is extremely likely in my professional opinion.
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as we can seen is a kind of relationship waiting ( is not perfect of course a like all the relations cheap ) the SP and the currency of the latin countries ( for that sample we put it the pair : USD/ CLP chilean money )
So. every time the SP is an upward trend for a long term (several years) the Latin currencies are desfavorecidad VS the USdollar, and in turn it...
Traders,
UPDATE: We are moving well and we are way in the money. Well done to my signals group for this one, expecting this to continue for the longer term. USDCLP long and Copper short as said before. Copper is part of a longer term down move, which might push USDCLP for longer periods of time.
With USDCLP breaking a long term support trend line, we are maybe...
Traders,
With USDCLP breaking a long term support trend line, we are maybe about to see a nice break down, where we may see a mark down, or a correction to the lows of the range. This will likely ignite copper prices as well. Also keep an eye on NZDUSD when trading USDCLP and Copper, since you can add NZDUSD into this trade to make a nice, and safe reliable...
Traders
With USDCLP showing bearish intention at this very moment, and the idea that it is showing a rounding appearance, suggests to me that this correction may be a longer term correction, and we can use this for not only a short term profit maker, but a longer term investment also for longer term profits.
We can use USDCLP moves with my favorite correlation,...
Traders
This analysis won't be effective immediately, and it may take some time for set ups to occur, this is a watch list situation traders.
With Copper potentially reversing, we could find an opportunity to short Chilean Peso as well. This can be done in a way where we can easily offset risk in trading long, short here. Chilean Peso today has shown weakness...
