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ARGENTINE PESO / U.S. DOLLAR

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USDARS: Fellow Argentinians, sadly the dollar rally continues...The target here is big, but it could go even higher depending on how it acts. I'd reccomend to divest positions in local equities and bonds, and get exposure to US equities and the dollar, or pairs like the dollar/yen. After this next top, we could see a bigger correction in the dollar accross the board though, so I want to be ready to capture the reversal, in particular by going long gold once we have full confirmation, which may come by September. Best of luck to us all, Ivan Labrie.
Long
by IvanLabrie
2
Dolar en Argentina en corto y mediano plazo USD/ARSLuego de testear dos veces consecutivas su resistencia psicológica ubicada en torno a los 16 pesos, baja al piso de su tendencia alcista de largo plazo. En los últimos días se aprecia una fuerte tendencia al alza, con aumento de la volatilidad. Testeando nuevamente su resistencia histórica, confirmada previamente con un DT. Consideramos q la tendencia continúa al alza, y es por ello que ubicamos un fuerte soporte en torno a los 15 pesos. Comparando el comportamiento con el par EUR/USD y los acontecimientos políticos reciente en Latinoamérica, concluimos que si bien la tendencia continúa siendo alcista, vamos a apreciar una pequeña corrección en el corto plazo. Debemos recordar que la argentina realizará elecciones de mediano plazo en octubre, lo que mantendrá expectativas muy altas y un mayor control del BCRA. Una vez pasada las elecciones, consideramos que el par buscará posicionarse en valores superiores a los 17 pesos.
Long
by MaxuuSalvadores
ARSUSD: Hold pesos, term deposits yield 17% per yearI'd hold pesos now, personally. As part of my currency holdings. I wouldn't be in USD if possible, and would prefer other assets, like foreign currencies, EEM shares vs SPY shorts, TLT longs, gold/silver/bitcoin/ethereum, undervalued selected stocks, TSLA shares, VLKAY shares, perhaps the new COIN etf shares once they are released, Argentinian stocks on corrections or dips, names like BMA, CRES, IRSA are my favorites. I'm out of them, but looking to rebuy on dips. People are terrified, they fear a crisis, they fear the local currency and stocks, they fear Trump...Many are closing businesses they recently opened, out of fear of the government's actions but I think it's a sentiment extreme and should be faded. I remain optimistic. Good luck, Ivan Labrie.
Long
by IvanLabrie
1
USDARS: Next up leg startingI think it's fairly certain to see more upside in USDARS right away. If you own pesos and live in Argentina,it's wise to sell them for silver/gold/dollars periodically. Now is a good time. I reccomend splitting with a bigger weight on USD bills, due to gold and silver volatility. Right now, the trade favors dollar strength, so you'd increase your dollar holdings next. You can rebalance this portfolio periodically, or even go back to pesos, and use term deposits to earn interest while the Peso strengthtens (usually down legs last a 1-3 months). Good luck, Ivan.
Long
by IvanLabrie
USDARS: Update, we broke the key levelThis doesn't bode well for my local currency, the Argentine Peso. It's possible this week triggers a weekly time at mode uptrend signal, that forecasts a rally to at least 16.052 within ten weeks, starting with this week as #1. With the fundamental events this week, it's possible this is the start of the acceleration and breakout of this range, specially now that RgMov has shifted into an uptrend in the daily chart, and that we're above the fundamental key levels originated from local events (presidential speeches). Good luck to us all (mostly Argentinian residents that have to deal with hyperinflation). Ivan Labrie.
Long
by IvanLabrie
USDARS: Confirmed a daily uptrend in placeMy local currency is in terrible shape, and has confirmed a daily uptrend as per the RgMov signal on chart. You can see the key levels associated to speeches by the Argentinian president Mauricio Macri, and how price action has moved between these levels so far. I anticipate a breakout of this level above, and a continued rally in this currency pair. If you took my advice and bought dollars, and/or gold/silver with your pesos, you're doing well. Keep at it, Good luck, and brace yourselves if you live here. Ivan Labrie.
Long
by IvanLabrie
USDARS: Downtrend continuation in this pairAgainst all odds, the USDARS pair is showing continued weakness and has fired a time at mode downtrend in the daily chart. I'm seeing it dropping to retest the 13.5-12.95 range before any upside is viable. I had reccomend to sell dollars at 15.25, after buying at 14.70, and to buy back today, but this drop warrants further downside, so either short it, or buy more dollars to average the entry lower. If trading it electronically, go short at market or on a slight pullback with stops above 14.35. Rgmov has fired a downtrend, confirming my bias, most people would expect the peso to see some easing considering the recent bond issuance ( www.zerohedge.com ), but there's still strength in it. Good luck, Ivan Labrie.
Short
by IvanLabrie