USDARS: Might be about to trend up sharply...
As everyone has been saying, $USDARS will likely get close to the $50 mark, a 2W timeframe Time@Mode signal kicked off, and it's already active for 2 bars, out of 10 that are forecasted as part of the uptrend. This rally has 3 possible targets which are laid out on chart, valid for as long as the time lasts, or as long as $USDARS trades above the 37 mark.
I wouldn't reccomend to hold ARS for long if you have income in pesos.
Best of luck,
Ivan Labrie.
I wouldn't reccomend to hold ARS for long if you have income in pesos.
Best of luck,
Ivan Labrie.
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"El que avisa no traiciona"
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Up to date chart implies price will fall 10% or as much as back to 36 ish over the course of 19 weeks.
Up to date chart implies price will fall 10% or as much as back to 36 ish over the course of 19 weeks.
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Interestingly, this aligns with the election date...Scary.
Hopefully, whoever wins does a proper job reducing inflation (and taxation).
Hopefully, whoever wins does a proper job reducing inflation (and taxation).
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Biweekly trend failure to hit target #1 was a good bearish signal in $USDARS
s3.amazonaws.com/tra...shots/y/yukyIkOe.png
The big RgExp advance was wiped out, I can see it falling to that mode near 36.50.
s3.amazonaws.com/tra...shots/y/yukyIkOe.png
The big RgExp advance was wiped out, I can see it falling to that mode near 36.50.
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This last weekly bar might be signaling the bottom in $USDARS. I hope I'm reading it wrong and the bearish trend continues but for now it's risky to stay in $ARS. Safest bet is to divest from Argentinian currency and own $XAUUSD and/or $BTCUSD, along with US equities (low debt, high yield names).
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I was dead right about the bottom...sadly.
Trend is up, nothing changed or will change, unless Alberto Fernandez REALLY surprises investors.
Trend is up, nothing changed or will change, unless Alberto Fernandez REALLY surprises investors.
