Forecast analys for Argentine pesoHyper inflation continues. On the black market price is almost double!
Argentine
A COUNTRY almost in DEFAULT (again). Who's next?--- Please if you find this informative don't forget to give a like. Thank you! ---
Just redrawing old ideas from a year ago... Nothing to redraw in fact due it seems they are going to default sooner or later for 19th time in history.
You can check for yourself in the related idea just a year ago how the country situation has not improved.
This is just a reflection of the symptoms that can already be felt in other countries of the world.
Almost all emerging countries suffering high inflation and a continued devaluation of its currency against the dollar, this won't finish well. Other countries to watch: Turkey, Brazil, Australia... all against the dollar that would fall the last.
What are your thoughts?
Here please you can find a little bit of knowledge and fresh news I wanted to share with you.
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Keep safe!
$VALOBCBA:VALO Reproducí el patrón de velas entre el 04 y el 12 de junio para proyectar el precio de este papel. Utilice las últimas dos velas que encajan a la perfección con las de la proyección y obtuve que debería irse hasta el 1.5 de la extensión de Fibonacci en 9. Con el MACD rebotando sobre la línea de señal esto podría implicar una suba pronunciada que podría llevarla a valores de la resistencia histórica del 17/02/2018 que hizo doble techo el 10/04/2018 y luego generó toda la caída desde la cual se está remontando.
Volume says BUY BUY BUY - El voumen grita COMPRAArgentinian Banks have been suffering.
However, we have seen HUGE hands buying in the 43-46 price range.
Shorts remain under pressure here...=> Here we are tracking for a short-term high to be set, whilst bulls remain above resistance at 39.35 the yearly highs are open for a test.
=> Here we can either trade crumbs to the highs or look for opportunities at 41.50x as we begin to set a secular high.
=> Whilst we don't see EM out of the woods yet, we are expecting some recovery into 2019.
=> A very complex environment here so good luck to all those involved.
MERVAL Is a Head And Shoulders Pattern coming?If the market does not recover in the next few days, the figure could be refined.
Time to go short Argentina equities?After making a basic 5 wave impulse sequence, it seems to be asking for corrective sequence now.
So, the Merval Argentina's key stock-market index seems poised for a fall and looks Marvelous to short.
Opportunity in Argentine markets?In the last year, Argentine markets recorded a rise.
In the first days of November, we see a correction.
After the United States presidential election, will continue the trend?
