Colombia’s peso under pressure from Turkey’s Lira?

Updated

Fears that Turkey’s Lira crisis will drag down the currencies of emerging markets, compounded by falling global oil prices, pushed the Colombian peso to trade at $3,050 to the U.S dollar on Wednesday, and level not seen since June 2017. There is a potential for a breakout above 3500cop into the 4k-5k range.

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Will 9/18 M candle close green? I'll stay tuned.

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3206cop hit.

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Pretty much dead on. Venezuelan humanitarian crisis and coup is going to possibly further devalue to cop relative to usd. :(

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Not looking good for the peso

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At 3338 it looks like the cop is going to break through the previous high and venture in unknown territory.

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A major decision point for the Peso here in the 3500's. A push with volume could mean a break of the upper resistance and into a new range of valuation.

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Up we go. This has been an interesting trade.

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Breaking the barrier

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Peso under fire

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6500 before the end of 2022

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Checking to see climbing prices...

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Get ready for a massive increase in the ratio.

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This worked out well

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We might see 5000 pesos per dollar soon

You23

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