USDCOP trade ideas
Correlating another commodity currencies Peso can reach ~4080On fib 1.618 as main target. Because Oil is falling and another commdity currencies are exposed.
USDCOP. can expose 3800 if break upward channelOil crash in this black monday leaves colombian economy highly exposed to recession.
USDCOP with more buyside objectives to metbased on current PA, we still need to rebalance some inneficiencies above 3480s.
COP
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
Colombian Peso ---- Get ready to pay $3,600 per DollarIt seems we are in a confirmed wave 5, expect to see a retracement to the bottom of the cloud to then jump back to hit $3,600
#USDCOP Retracement to $3300 to bounce and test $3500A 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.
Colombian Peso under Pressure The Colombian peso has been making headlines lately. There are calls of Colombia to dollarize amidst some expert calls that the COP might be overvalued by as much as 30%. This chart is an update to my last year's chart that correctly forecasted the current price range in the usdcop pair.
According to this chart, continued dollar strength and a weak cop could see prices rise by 30% $4500 once we break the key $3500 level.
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El peso colombiano ha estado en los titulares últimamente. Hay llamadas de Colombia a dolarizar en medio de algunas llamadas de expertos de que la COP podría estar sobrevaluada hasta en un 30%. Este gráfico es una actualización de mi gráfico del año pasado que pronosticó correctamente el rango de precios actual en el par usdcop.
De acuerdo con este gráfico, la fortaleza del dólar y un policía débil del cop podrían ver los precios aumentar en un 30% a $4500 una vez que rompamos el nivel clave de $ 3500.
usdcop to 3600after the USDARS move lots, today we've seen a strong DXY on a red equity day yet again, DXY stays bullish, other currencies will stay suffering.
USDMXN and USDBRL both on 2% move todays that I believe stay on a bigger breakout for the near future before more consolidation
if dxy gets rejected at 98 all of this ends up being invalid
