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charlesman79

Multiyear ascending channel

Long
U.S. DOLLAR / COLOMBIAN PESO (FX_IDC:USDCOP)  
charlesman79  
FX_IDC:USDCOP   U.S. DOLLAR / COLOMBIAN PESO
Beyond Technical Analysis Technical Indicators Fundamental Analysis USDCOP
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beyondta indicator fundamental usdcop
Fundamentals:

1. Negative trade balance since 2014.
2. High crude oil prices failed to contain the negative current account.
3. Elections with eco-friendly candidates and one of them as favorite to win elections.

Technicals:

1. Multiyear support in weekly chart.
2. ADX and MACD are up..
3. Confirmed with three white soldiers weekly reversion from about 3650.
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