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LATAM FX: Price Signal Summary - USDCLP Resumes Its Uptrend

LATAM FX
EM BulletBulletGlobalEmerging Market NewsRegion
  • The trend condition in USDMXN is unchanged, it remains bullish and the pair has today resumed its move higher. Attention is on the key resistance and bull trigger at 20.2181, the Aug 5 high. It has been pierced, a clear break would resume the uptrend and open 20.4578, the 1.764 projection of the Sep 18 - Oct 1 - Oct 4 price swing. Key support to watch lies at 19.4953, the 50-day EMA. A clear break of it would undermine a bullish theme and expose 19.0666, the Sep 18 low. The 20-day EMA is at 19.7652 and marks first support.                                               
  • The bull cycle in USDBRL that started Sep 19 remains intact and the pair is trading higher again, today. Resistance at 5.6917, the Aug 30 high, has been breached. Note too that 5.7422, the 76.4% retracement of the Aug 5 - 19 bear leg, has been cleared. Clearance of this price point opens 5.8551, the Aug 5 high. Initial firm support lies at 5.5813, the 50-day EMA. The 20-day EMA is at 5.6406.       
  • A bull cycle in USDCLP remains in play and the pair is trading higher today, confirming an extension of the current uptrend. The 960.00 handle has been cleared and this exposes 966.61, the Aug 5 high and a key short-term resistance. Clearance of this level would open 976.63, the Apr 18 high. Initial firm support lies at 939.92 the 20-day EMA.
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  • The trend condition in USDMXN is unchanged, it remains bullish and the pair has today resumed its move higher. Attention is on the key resistance and bull trigger at 20.2181, the Aug 5 high. It has been pierced, a clear break would resume the uptrend and open 20.4578, the 1.764 projection of the Sep 18 - Oct 1 - Oct 4 price swing. Key support to watch lies at 19.4953, the 50-day EMA. A clear break of it would undermine a bullish theme and expose 19.0666, the Sep 18 low. The 20-day EMA is at 19.7652 and marks first support.                                               
  • The bull cycle in USDBRL that started Sep 19 remains intact and the pair is trading higher again, today. Resistance at 5.6917, the Aug 30 high, has been breached. Note too that 5.7422, the 76.4% retracement of the Aug 5 - 19 bear leg, has been cleared. Clearance of this price point opens 5.8551, the Aug 5 high. Initial firm support lies at 5.5813, the 50-day EMA. The 20-day EMA is at 5.6406.       
  • A bull cycle in USDCLP remains in play and the pair is trading higher today, confirming an extension of the current uptrend. The 960.00 handle has been cleared and this exposes 966.61, the Aug 5 high and a key short-term resistance. Clearance of this level would open 976.63, the Apr 18 high. Initial firm support lies at 939.92 the 20-day EMA.