Here my thoughs about the crazy devaluation for the USD/COP.
In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president.
Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice.
Petro, was very close to Hugo Chaves (venezuela ex president) and share his COMUNIST idelogy.
Recently he has stated that he to wants re open comercial relationships with Venuelza and Invite to Colombia Nicolas Maduro (current president of Venezuela)
to talk about this topic
Considering an upcoming World Crisis scenario, a Devualation is more likke to increse, reaching new highs,
Theres a Increase on Volatility , and lot of uncertanity.
The WORST could happen, to the Colombian Peso, as Ocurred to the (Venezuelan currency) , devaluations way higher than 1.000%
July 2022>>>There's a Chance of a small corrections on USD/COP on 4.200 , or 4.000
but the Long Term trendline is UPTREND, fundamentals and technicals support this
bias1: Long until new highs get reached and rejected
bias 2: short , Target just for an small retracement reaching support lines 50% or better of monthly candlestick , or Fibonacci level 61.8 $4.270 gets reached
bias 3. Market ranging between 4.000 - 5.000
USD/COP , Longs >> For those people living in Colombia, those who their income and equity is Colombian Peso
it's a good investment as they hedge from devaulation, in this scenario with extreme high volatility.
Current price has reached new highs, just starting to look for a retracement,
You can buy now, or hold few time to get a better USD/COP Rate probably USD/COP 4,270
USD/COP, Shorts>>> For those who has been saving in USD, their income an equity is expresees on USD,
now is a good time to change your USD to COP. and make a profit on Reavalution and Invest it on Real State in Colombia / or energy indsutry
specially in upcoming crsis secenario.
it's a good time to plan your vacations and come to the best beaches and hotels of Colombia and with the same amount of USD from 1 year ago
up today you can expend much more in COP.
Let's see what happens.
In the recent Presidential Elections for 2022-2026, for Colombia, Gustavo Petro was Elected as the new president.
Decades ago, Petro was member of the Terrorist Group (M-19), and he participarted on the take of the Palace of Justice.
Petro, was very close to Hugo Chaves (venezuela ex president) and share his COMUNIST idelogy.
Recently he has stated that he to wants re open comercial relationships with Venuelza and Invite to Colombia Nicolas Maduro (current president of Venezuela)
to talk about this topic
Considering an upcoming World Crisis scenario, a Devualation is more likke to increse, reaching new highs,
Theres a Increase on Volatility , and lot of uncertanity.
The WORST could happen, to the Colombian Peso, as Ocurred to the (Venezuelan currency) , devaluations way higher than 1.000%
July 2022>>>There's a Chance of a small corrections on USD/COP on 4.200 , or 4.000
but the Long Term trendline is UPTREND, fundamentals and technicals support this
bias1: Long until new highs get reached and rejected
bias 2: short , Target just for an small retracement reaching support lines 50% or better of monthly candlestick , or Fibonacci level 61.8 $4.270 gets reached
bias 3. Market ranging between 4.000 - 5.000
USD/COP , Longs >> For those people living in Colombia, those who their income and equity is Colombian Peso
it's a good investment as they hedge from devaulation, in this scenario with extreme high volatility.
Current price has reached new highs, just starting to look for a retracement,
You can buy now, or hold few time to get a better USD/COP Rate probably USD/COP 4,270
USD/COP, Shorts>>> For those who has been saving in USD, their income an equity is expresees on USD,
now is a good time to change your USD to COP. and make a profit on Reavalution and Invest it on Real State in Colombia / or energy indsutry
specially in upcoming crsis secenario.
it's a good time to plan your vacations and come to the best beaches and hotels of Colombia and with the same amount of USD from 1 year ago
up today you can expend much more in COP.
Let's see what happens.