USDARS: Update, we broke the key level
Updated
This 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.
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.
Trade closed manually
It's better to own gold than dollars now...or silver.Note
The weakness in the peso is staggering...relative strength wise, hopefully, you are stashing USD or XAU (bought with ARS). Although the stock market might benefit from the surge in oil.Note
This pullback should end here.
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