2020-03-07

Latin America on the Brink

A stroll through charts in Latin America.

First currencies. USDCLP (Chile). Base, test, boom.
USDBRL (Brazil). Base, boom.
USDMXN (Mexico). Fakeout to breakout.
USDPEN (Peru) has a long way to go if it follows Chile and Brazil's currencies.
Country ETFs argue for a bottom, but there are also topping patterns that point to huge declines if they complete.
Individual stocks follow. These aren't selected for any particular reason as a group. Some are airport stocks that could sink if coronavirus spreads, some have nice patterns. My focus is on banks because of the currency component.

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