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...
USD-COP Correccion ABC para seguir subiendo USD - COP Corrección ABC para seguir subiendo NOT FINANCIAL ADVICE
Despues de romper la barrera sicologica de 5000 pesos debe corregir y volver a los promedios moviles cuando la FED deje de subir las tasas. FX_IDC:USDCOP
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
Here my thoughs about the crazy devaluation for the USD/COP. In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president. Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice. Petro, was very close to Hugo Chaves (venezuela ex president) and...
Here my thoughs about the crazy devaluation for the USD/COP. In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president. Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice. Petro, was very close to Hugo Chaves (venezuela ex president) and...
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.
short, medium and long term trend lines of USDCOP, from the date of September 2020 to today April 27, 2022
If it breaks the 3,900 Mark and maintains that lvl for a couple of days, I would say will go back to test the 4200 high, then $4,500 according to Fib Extension.618. I hope I'm not right like last time when $3,600 seemed impossible
After a Weekly rebalance to disc prices, now we are ready for upside delivery to key levels above BSL at 3900 and beyond.
The inherent weaknesses produced by the pandemic in Latin America have produced the propitious scenario for a new hyperinflation to take place in the region, in this case in Colombia. This nation that around its history and its abundance of natural resources has been subjected to the old history of the Dutch disease. in such a way that its industrial and...
USDCOP es posible que continúe su tendencia bajista y alcance el precio de 3.200 en enero después de la definición del salario mínimo y el anuncio de la reforma tributaria nueva puede alcanzar la cotización mencionada
Up trend Higher lows and higher highs Above the prior pivot point trigger the target for 100% Fibo at 4,000 For now Long!
check out the "morning star" I found So what you think based on the Technical Analysis from Trading View and the candlestick ✅🔼✅ #letstakeprofits