ArturMemetov

Time for another UAH crisis

Long
FX_IDC:USDUAH   U.S. DOLLAR / UKRAINIAN HRYVNIA
I live in Ukraine and look at the chart regularly, I have decided to share my thoughts on USD/UAH pair
Fundamental Analysis
Ukraine's economy keep on shrinking and our country must pay USD debts to IMF and so on. My country will lose gas transit money, as soon as south stream and nord stream are fully launched and that's a big hit to our economy.
Recently UAH had been strengthening as we had presidential campaign, now running a parliament campaign, which is coming to an end. Politicians spent millions of their USD, converting it to UAH spending on their campaign, so they could go through to a parliament. As it is coming to a finish line, I'am looking bullish on USD and bearish on UAH!
If we look at history on the graph (vertical lines), after government election's UAH only suffered! Especially last election

Technical analysis is on the graph. 5th wave is at 41.77 or even 47 UAH per USD
I really don't want that to happen to my local currency, as it will only mean everyone in my country including me will earn less and have another crisis! So I hope it doesn't happen, but that's my view

PS
Vertical Lines
Black lines - president election
Red lines - parliament election (forgot to mention 2014 election)
Blue Line - world crisis

My twitter @CryptoWolfy7
Tweets are my opinions, not financial advice
Trade closed: stop reached

Comments

I think we'll see 24.85-25. Hello 2016
+1 Reply
ArturMemetov cardan6006
@cardan6006, I know people who are now broke, that targeted from $0.05 to $0.1 to earn, don't repeat their mistakes! Even if you bought at 28 per dollar in the long term, you will earn as long as you don't sell
+1 Reply
cardan6006 ArturMemetov
@ArturMemetov, ok but now buy = 25.0700 ₴
sell = 25.0900 ₴
+1 Reply
cardan6006 cardan6006
@cardan6006, interbank exchange rate
Reply
I placed like. But I don’t really like your prognosis as I live in Ukraine too.
+1 Reply
ArturMemetov KotCrypto
@KotCrypto, well let's hope I am wrong
Reply
where's the bottom?
Reply
ArturMemetov cardan6006
@cardan6006, looking at a graph I think at 24.48, I am very surprised we went this far. The lower it goes the higher it will shoot
+1 Reply
ArturMemetov cardan6006
@cardan6006, If we take fib levels there are two important levels 24.40/24.33.
+1 Reply
cardan6006 ArturMemetov
@ArturMemetov, Now where's the bottom?
Reply
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