The Colombian peso is one of the most devalued currencies in all of Latin America, it is currently going down a bearish channel, looking for its minimum value due to its ATH in July 2022, only to become more bullish in 2023-2024, it is very good for us and very bad for the Colombian economy, massive layoffs are coming, high unemployment and the bankruptcy of...
Hi Please Watch video and Support Me by Sharing my Post
Looking for a long with stop at $3720 and first target of 70% at $5000 Mirando por una posicion en tendencia alcista. entrada precio actual, Stop o precio de salida en negativo $3720 y primer Target, 5000 70% de la posicion sale con 1er target y el otro 30 queda para seguir en long
After its all-time high. 4,650 Colombian pesos the price started a correction, I think it could go down to 3,978 and wait for the behavior to go back to the price 4,650
As the dollar loses value (power purchasing), continues to devalue world currencies, the dollar vs. Colombian peso relationship corrects, only to become parabolic, by the end of August the 5000 COP x 1 USD will be reached, less political speeches and more economy. 🥱 All the Colombians that I sent to read about the economy were only offended, we will see how their...
The dollar will reach 5200 in September 2022, we are in a crisis of doubt, it seems that in Colombia nobody understood it, they chose 'Petro' who should have invested the reserves in hard assets such as Bitcoin, Silver and Gold, not selling them the speech to the poor about a change in the country, what is currently happening is due to the abuse of the Federal...
Really like this setup. Expecting more pain for emerging markets and using this dollar pullback to start new positions, including this one. USD/CLP looks exactly the same but could be more sensitive to HG moves. Overall expecting a new high test and further breakout, although it is possible another failure up there and pullback. GL
A new president with old ties to Colombia's guerrilla has been elected to power. His political views seem aligned with Venezuela's. Smart capital will look to exit the COP given the expected devaluation and complete depletion of reserves with possible failed socialists policies in the horizon. I expect the USDCOP to reach 5000 by EOY.
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.
Colombia is a high-beta EM country running a twin-deficit. These exposures turned bullish in November when the dollar started falling more precipitously, and the global risk backdrop improved. Dollar weakness is good for commodity exporting EM's, who price commodities in dollars. Moreover, Colombia provides significant beta to Oil prices, which are evidently...
Keep an eye on commodities and South American currencies.
My outlook for upcoming days: *I don't wanna see price get below 3680s. ->If price drops aggresively below that level I will stay sideline and wait for more info. *Next short term bullish objective: 3800 big fig.
Generally I never draw the internales, but this time I left a few.