USDARS: Update - 2 weeks to define the trend

The USDARS             pair has an interesting setup, on one hand, the uptrend that started after monetary policy changed, has failed to reach the target on time, suggesting a selloff was possible (which did in fact materialize).
I have reccomended my fellow countrymen to sell their dollars at the 15.8-15.4 mark, but it's time to pay attention to go long the dollar again, possibly, unless the downtrend is confirmed in 2 weeks or less.

If you have peso savings, wait fo             a good chance to convert them to dollars, if you're still in dollars and haven't sold, well, you should have paid more attention to my forecast #1, #2, don't panic, you might get a good opportunity to unload your dollars higher soon, or more reasons to hold them too.
For people actually trading this pair electronically, I'd reccomend using ATR based stops, and/or no leverage, since volatility can be quite extreme.


Ivan Labrie.
Comment: We should see downtrend continuation in this pair for now.
Comment: 19:00 GMT, Argentinian GDP news.
Comment: We have to hit 14.15 this week before the close to stay in shorts.
Trade closed manually: Covered usdars shorts.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out