USDARS: Downtrend continuation in this pair

2016년 4월 18일

Against all odds, the USDARS pair is showing continued weakness and has fired a time at mode downtrend in the daily chart.
I'm seeing it dropping to retest the 13.5-12.95 range before any upside is viable.
I had reccomend to sell dollars at 15.25, after buying at 14.70, and to buy back today, but this drop warrants further downside, so either short it, or buy more dollars to average the entry lower.
If trading it electronically, go short at market or on a slight pullback with stops above 14.35.

Rgmov has fired a downtrend, confirming my bias, most people would expect the peso to see some easing considering the recent bond issuance ( zerohedge.com/news/2016-04-18/argentinas-first-bond-issuance-15-already-almost-3x-oversubscribed ), but there's still strength in it.

Good luck,

Ivan Labrie.

2016년 4월 21일

노트

If we don't break into the lows today we might start consolidating.

2016년 4월 26일

노트

Strong rejection at the mode on retest. We might resume the downward push.

2016년 5월 3일

매매 수동청산

I'm out of ars longs.

2016년 6월 23일

노트

Bottom's in it seems.