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Price Signal Summary - USDCLP Pullback Extends

LATAM FX
EM BulletHomepagemarkets-real-timeBulletEmerging Market News
  • A bullish theme in USDMXN remains intact and the latest pullback appears to be a correction. Moving average studies are in a bull-mode position and this continues to highlight an uptrend. Sights are on key resistance and the bull trigger at 18.9929, the Jun 12 high. Initial support is at 18.2351 the 20-day EMA. Key support has been defined at 17.6067, the Jul 12 low.
  • Bullish conditions in USDBRL remain intact. Attention is on key resistance and the bull trigger at 5.7008, the Jul 2 high. Clearance of this level would confirm a resumption of the uptrend and open 5.7134, the 1.382 projection of the Dec 27 ‘23 - Apr 16 - May 3 price swing. The 1.50 projection is at 5.7705. On the downside, initial support lies at 5.5584, the 20-day EMA. Key support has been defined at 5.3709, the Jul 11 low.
  • USDCLP attention is on key short-term resistance and a bull trigger at 956.73, the Jun 27 high. It has been pierced, however, price has pulled back. A deeper retracement would signal scope for an extension towards 902.00, the Jul 11 low. Initial support is at 926.50, the Jul 17 high. For bulls, a clear break of 956.73, would instead confirm a resumption of the bull cycle and open 964.03, 76.4% of the Jun 14 - May 20 downleg. Clearance of the retracement would strengthen a bullish condition.
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  • A bullish theme in USDMXN remains intact and the latest pullback appears to be a correction. Moving average studies are in a bull-mode position and this continues to highlight an uptrend. Sights are on key resistance and the bull trigger at 18.9929, the Jun 12 high. Initial support is at 18.2351 the 20-day EMA. Key support has been defined at 17.6067, the Jul 12 low.
  • Bullish conditions in USDBRL remain intact. Attention is on key resistance and the bull trigger at 5.7008, the Jul 2 high. Clearance of this level would confirm a resumption of the uptrend and open 5.7134, the 1.382 projection of the Dec 27 ‘23 - Apr 16 - May 3 price swing. The 1.50 projection is at 5.7705. On the downside, initial support lies at 5.5584, the 20-day EMA. Key support has been defined at 5.3709, the Jul 11 low.
  • USDCLP attention is on key short-term resistance and a bull trigger at 956.73, the Jun 27 high. It has been pierced, however, price has pulled back. A deeper retracement would signal scope for an extension towards 902.00, the Jul 11 low. Initial support is at 926.50, the Jul 17 high. For bulls, a clear break of 956.73, would instead confirm a resumption of the bull cycle and open 964.03, 76.4% of the Jun 14 - May 20 downleg. Clearance of the retracement would strengthen a bullish condition.