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Looking for a long with stop at $3720 and first target of 70% at $5000 Mirando por una posicion en tendencia alcista. entrada precio actual, Stop o precio de salida en negativo $3720 y primer Target, 5000 70% de la posicion sale con 1er target y el otro 30 queda para seguir en long
After its all-time high. 4,650 Colombian pesos the price started a correction, I think it could go down to 3,978 and wait for the behavior to go back to the price 4,650
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
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.
Colombia is a high-beta EM country running a twin-deficit. These exposures turned bullish in November when the dollar started falling more precipitously, and the global risk backdrop improved. Dollar weakness is good for commodity exporting EM's, who price commodities in dollars. Moreover, Colombia provides significant beta to Oil prices, which are evidently...
My outlook for upcoming days: *I don't wanna see price get below 3680s. ->If price drops aggresively below that level I will stay sideline and wait for more info. *Next short term bullish objective: 3800 big fig.
Generally I never draw the internales, but this time I left a few.
Diferentes puntos de vista en los diferentes tiempos Anual, Mensual, Semanal y Diario 2019 anualmente nos cierra con un posible Spinning Top , mensual Diciembre con Bearish Engulfing atentos 20 emas mes Diario pierde los 200 ema niveles soporte de la tendencia desde julio 2018 ahora resistencia. Atentos con los 50 y 200 emas se están cerrando
A nice support for this down movement would be the $3300 area that matches a Fibo retracement. Once tested this support area it could bounce to break the $3500.