Colombia (GXG) It is moving sideways.Until it breaks the red line we are leaning bearish.
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Brazil (EWZ) is in a downtrend.Probably in a falling wedge
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Chile (ECH) hit the target of the triangle (2011-2013) at 40$ where it probably made a short term bottom. If it manages to stay above EMA 21(weekly) next targets are 49$ and then 53$.
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Peru (EPU) is in a triangle formation or in a diamond(both patterns can be continuation or reversal patterns). Around 31$ there is a long term support from 2010.
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Mexico (EWW) is in a triangle formation.
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Overall nothing is clear yet about Latin America.
Brazil (EWZ) is in a downtrend.Probably in a falling wedge
Chile (ECH) hit the target of the triangle (2011-2013) at 40$ where it probably made a short term bottom. If it manages to stay above EMA 21(weekly) next targets are 49$ and then 53$.
Peru (EPU) is in a triangle formation or in a diamond(both patterns can be continuation or reversal patterns). Around 31$ there is a long term support from 2010.
Mexico (EWW) is in a triangle formation.
Overall nothing is clear yet about Latin America.
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