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LATAM FX: Price Signal Summary – Bull Cycle In USDCLP Remains Intact

LATAM FX
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  • The trend structure in USDMXN is unchanged, it remains bullish and short-term weakness is considered corrective. Key support to monitor is 20.0219, the Dec 20 low. A break of this level would undermine the bullish theme and highlight a stronger reversal. Clearance of this level would open 19.7618, the Nov 7 low. The bull trigger has been defined at 20.9072, the Dec 31 high. A breach of it would resume the uptrend and expose the 21.00 handle initially.   
  • The USDBRL bull cycle remains in play and the latest pullback appears corrective. Support at the 50-day EMA, at 5.9864, remains intact. The pair has recently traded through resistance at 6.1153, the Nov 29 high and bull trigger. Sights are on 6.3406, the 3.00 projection of the Aug 19 - 30 - Sep 19 price swing, and 6.4149, the 3.236 projection. A clear break of the 50-day EMA is required to signal a short-term reversal. This would expose 5.8675, the Dec 12 low.  
  • A bull cycle in USDCLP remains in play. The pair recently cleared resistance at 987.92, the Nov 12 high, to confirm a resumption of the uptrend. Note too that 999.88, the Dec 19 high, has also been breached. This opens 1020.18 next and 1026.48, the 1.236 and 1.382 projection points of the Nov 7 - 12 - Dec 6 price swing. Firm support is at 982.91, the 50-day EMA. The 20-day EMA lies at 998.48.
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  • The trend structure in USDMXN is unchanged, it remains bullish and short-term weakness is considered corrective. Key support to monitor is 20.0219, the Dec 20 low. A break of this level would undermine the bullish theme and highlight a stronger reversal. Clearance of this level would open 19.7618, the Nov 7 low. The bull trigger has been defined at 20.9072, the Dec 31 high. A breach of it would resume the uptrend and expose the 21.00 handle initially.   
  • The USDBRL bull cycle remains in play and the latest pullback appears corrective. Support at the 50-day EMA, at 5.9864, remains intact. The pair has recently traded through resistance at 6.1153, the Nov 29 high and bull trigger. Sights are on 6.3406, the 3.00 projection of the Aug 19 - 30 - Sep 19 price swing, and 6.4149, the 3.236 projection. A clear break of the 50-day EMA is required to signal a short-term reversal. This would expose 5.8675, the Dec 12 low.  
  • A bull cycle in USDCLP remains in play. The pair recently cleared resistance at 987.92, the Nov 12 high, to confirm a resumption of the uptrend. Note too that 999.88, the Dec 19 high, has also been breached. This opens 1020.18 next and 1026.48, the 1.236 and 1.382 projection points of the Nov 7 - 12 - Dec 6 price swing. Firm support is at 982.91, the 50-day EMA. The 20-day EMA lies at 998.48.