Peso Chilean / Usd Dollar & Copper 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
USDCLP trade ideas
Dollar Chilean Peso - 0.5pts Interest Rate 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)
Dollar Chilean Peso - 0.5pts Interest Rate 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 long to $752USDCLP 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 retrocesos del Yuan durante la pre-apertura asiática al momento de redactar éste comentario, cabe considerar entonces que el siguiente nivel probable para el tipo de cambio en la semana puede encontrarse en el entorno de los $752, dejando entrever el fuerte sentimiento alcista del mercado del USDCLP y la alta dependencia de la economía Chilena respecto del desempeño de la economía China, siendo esto una vulnerabilidad importante de la moneda y bolsa chilena, en el marco de Guerra de Divisas y Comercial.
USDCLP Weekly ABCD LongH&S has failed but structure is still to the top side (hl's hh's), bias is for upside continuation to 760 with a stop below 660 swing low (if aggressive can dial up RR using a median line stop), if 660 is given would favour a broader double top formation and usdclp for lower.
For now weekly Mas are supporting price action.
But remember, anything can happen! :)
USDCLP Buying Chilean Peso no matter what you hear about EM?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.
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USDCLP. Chilean peso completed consolidation. Eyes 732-764A 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
USD/CLP giving some clues on EEMReturning 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...
#USDCLP chart