Colombia’s peso under pressure from Turkey’s Lira?
Updated
Fears that Turkey’s Lira crisis will drag down the currencies of emerging markets, compounded by falling global oil prices, pushed the Colombian peso to trade at $3,050 to the U.S dollar on Wednesday, and level not seen since June 2017. There is a potential for a breakout above 3500cop into the 4k-5k range.
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Will 9/18 M candle close green? I'll stay tuned.Comment
3206cop hit.Comment
Pretty much dead on. Venezuelan humanitarian crisis and coup is going to possibly further devalue to cop relative to usd. :(Comment
Not looking good for the pesoComment
At 3338 it looks like the cop is going to break through the previous high and venture in unknown territory.Comment
A major decision point for the Peso here in the 3500's. A push with volume could mean a break of the upper resistance and into a new range of valuation.Comment
Up we go. This has been an interesting trade.Comment
Breaking the 
4K barrierComment
Peso under fireComment
6500 before the end of 2022
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Checking to see climbing prices...Comment
Get ready for a massive increase in the ratio.Comment
This worked out wellComment
We might see 5000 pesos per dollar soonDisclaimer
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