The exotic crosses USDARS and USDCLP are moving with a positive correlation.
USDARS could see a new higher high between $44.3 and $45.45. The invalidation zone is below $35.
After breakout I guess prices will be move around 29.
SELL ON 1D Take Profit 1º: $ 34/33 Take Profit 2º: $ 28/27
=> Here we are tracking for a short-term high to be set, whilst bulls remain above resistance at 39.35 the yearly highs are open for a test. => Here we can either trade crumbs to the highs or look for opportunities at 41.50x as we begin to set a secular high. => Whilst we don't see EM out of the woods yet, we are expecting some recovery into 2019. => A very...
short trem appreciation of the Argie Peso against the USD. Expecting a new hike in the the peer and a new correciton in the Argie Stock Market.
The collapse of the Peso has accelerated after President Macri called yesterday for the IMF to accelerate disbursement under its standby programme amid rapidly deteriorating market sentiment. The Argentinian central bank hiked rates from 45% to 60% in a forceful attempt to shore up confidence. However, despite the hike, the Peso has continued to weaken. The ball...
Fast History of Argentina: USD vs ARS by Shivatek
Argentinian Peso collapses the monthly w% almost always overbought
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...
USDARS - SHORT Take Profit 1º: $ 24,00 Take Profit 2º: $ 20,75
$USDARS should retrace from here, or at least stop rallying like crazy every week... This will bring some relief in local equities, I've been entering some positions the last two days, in my local savings account. For my fellow Argentinians: I'd reccomend to look into selling $USD if you own any as cash savings, and investing in either p2p lending, equities, or...