Wednesday, March 17, 2010

USD/CLP 17/Mar/2010


CLP on the hourly intra day study, upward trading channel getting narrower with price testing 527 level and responding to mild correction movements back to the 75% 524 anticipated by the Stochs and RSI, bullish trend gaining momentum we can expect this to continue, next intra day resistance: 527.


CLP Price testing the upper cloud resistance at 529.11 and Japanese oscillators aiming to take a bullish crossover while MACD has done so just on the cero level, RSI pushing upward and momentum at cero % level, bullish behaviour with next resistance to break at the 38.2% level of 531.33








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