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.
short, medium and long term trend lines of USDCOP, from the date of September 2020 to today April 27, 2022
After a Weekly rebalance to disc prices, now we are ready for upside delivery to key levels above BSL at 3900 and beyond.
Up trend Higher lows and higher highs Above the prior pivot point trigger the target for 100% Fibo at 4,000 For now Long!
analisis de rallys alcistas y bajistas buscando reconocer tendencias y patrones de velas
check out the "morning star" I found So what you think based on the Technical Analysis from Trading View and the candlestick ✅🔼✅ #letstakeprofits
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.
Target #1 = $~3,200 *Valid if price drops below 200 MA and moves out of the triangle formation Target #2 = $~2,600 *If price fails to hold HUGE green trend line dating back to 2014
Posible bajada del Dolar por COVID Cosas que evitarán esto: USA oculta sus muertes por COVID USA sigue imprimiendo dinero (9~12T) La vacuna del COVID esta disponible primero en USA que en cualquier otro lugar
The price is expected to react in the area of 3,750 pesos, since its Daily structure is bearish. Se espera que el precio reaccione en la zona de los 3.750 pesos, ya que su estructura Diaria es bajista.
I'd like to see them reached 3638s level to take sellside liq. before going for buyside liq above eqhS resting at 3800s
Hoy presión alcista de llegar el petróleo a 38.45 podría llevar el USDCOP a 3770.
Se cruza la exponencial de 30 con la media móvil de 100 una señal bajista y aunque el USDCOP está subiendo es producto del desempeño negativo de las bolsas y el rebote que está teniendo el petróleo, en mi sentir debería ajustar a la baja hasta el 670-80, donde serían buenos niveles para comprar de nuevo.