High bullish momentum, it may be close to a consolidation or price correction
If the USD keeps losing value, and Colombian economy remains "stable", this pair is going to get out of its trading range to go, most likely, to a downtrend.
Due to the terrorist attack this past weekend the up going trend is shown in the graph, however the market will eventually stabilize.
corto en usdcop.esperamos caida hasta el retroceso fibonacci 0.786 que corresponde a los 2610 pesos.buscariamos entrada cuando regrese a testear la media de 200 periodos que actualmente esta en 2982 pesos
If someone spanish speaking wants a translation, ask and I´ll do it. Si alguien que hable español quiere una traducción, pidela y la hare.
it doesnt need to be a traded currency pair to be readable as a chart. mastering forex goes a lot more than just being able to trade curreny pairs and stocks, you can actually use your skills to read many other types of data plotted on a chart. this is not a traded currency pair and there are no needs for spikes and "market maker manipulation" yet we see...
se espera un movimiento que es similar a la distancia entre el punto más alto de la cabeza y el soporte. Short 1
First pivot after breaking trend line and It´s resistince by his moving average of 200 periods.
The dollar closed last week with gains, a move that left the door open for a technical rebound; the bullish momentum would be associated with international risk scenario and correction of oil . Oil moved away from USD50 amid China slowdown and the strong dollar, despite the market expects rates to remain stable after the weak jobs data, Brexit has led to the...
Everything seems set down the USDCOP go to the level of 38.2%, wave iv)). So the Colombian currency earn 366 pesos per US dollar, thus the probability of rebound in 2827 forming the wave v)) of 3 looking the maximum 3436. Wave iv)) depends on the EURSUD appreciate a little more, pushing up with this oil.
After breaking below the short term trend channel, a trend has consolidated and now faces Support at 266.
Last week the dollar broke its medium-term uptrend. With a further rise in rates from the Banco de la República, the intention to enable auction sales with a rise of 3% compared to the TRM average of 20 days and the recovery of oil, vendors will have control of the market during this week. The $ 3,380 is the new resistance level, so while below this level, the...