After a three-year correction of wave IV, the Uruguayan peso is now depreciating again and should finalize wave V.
The target range is shown in the chart.
What is striking about Paraguay is that the guarani has been more stable than the peso against the USD in recent years since 2014.
Once wave V has ended, the peso should appreciate again against the USD. In 2-3...
Always indicator turns green is a good point for entry.
The price is under SMA 200, another plus for a good entry.
Not enter all in one price, at the chart you can see other points of buy.
Manage your risk.
Thank you for sharing.
Parece estarse formando una bullflag. Currently testing up channel resistance, if break above purple resistance we might see a retest of ATH or go directly to 50$.
My sentiment is bear, but we'll wait and see how DXY reacts to current support trendline.
