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LATAM FX: Price Signal Summary - USDMXN Heads North

LATAM FX
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  • The trend condition in USDMXN is unchanged, it remains bullish and the pair is trading higher today. A key resistance at 20.2181, the Aug 5 high, has been cleared and this confirms a resumption of the uptrend. Sights are on 20.8178, the 2.236 projection of the Sep 18 - Oct 1 - Oct 4 price swing. The 2.382 projection is at 20.9292. Key support to watch lies at 19.6119, the 50-day EMA. A clear break of it would undermine a bullish theme. The 20-day EMA is at 19.9120 and marks first support.                                               
  • The bull cycle in USDBRL that started Sep 19 remains intact and the pair traded higher again, last Friday. Resistance at 5.8551, the Aug 5 high has been pierced. A clear break would open 5.9054, the 1.618 projection of the Aug 19 - 30 - Sep 19 price swing. Initial firm support lies at 5.6191, the 50-day EMA. The 20-day EMA is at 5.6991.       
  • A bull cycle in USDCLP remains in play and last week’s gains confirmed plus a climb today, marks an extension of the current uptrend. 966.61, the Aug 5 high and a key short-term resistance, has been cleared. This opens 980.00 and 990.67, the Feb 26 high. Initial firm support lies at 944.47 the 20-day EMA.
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  • The trend condition in USDMXN is unchanged, it remains bullish and the pair is trading higher today. A key resistance at 20.2181, the Aug 5 high, has been cleared and this confirms a resumption of the uptrend. Sights are on 20.8178, the 2.236 projection of the Sep 18 - Oct 1 - Oct 4 price swing. The 2.382 projection is at 20.9292. Key support to watch lies at 19.6119, the 50-day EMA. A clear break of it would undermine a bullish theme. The 20-day EMA is at 19.9120 and marks first support.                                               
  • The bull cycle in USDBRL that started Sep 19 remains intact and the pair traded higher again, last Friday. Resistance at 5.8551, the Aug 5 high has been pierced. A clear break would open 5.9054, the 1.618 projection of the Aug 19 - 30 - Sep 19 price swing. Initial firm support lies at 5.6191, the 50-day EMA. The 20-day EMA is at 5.6991.       
  • A bull cycle in USDCLP remains in play and last week’s gains confirmed plus a climb today, marks an extension of the current uptrend. 966.61, the Aug 5 high and a key short-term resistance, has been cleared. This opens 980.00 and 990.67, the Feb 26 high. Initial firm support lies at 944.47 the 20-day EMA.