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Gao_Capital
Jan 16, 2021 6:14 PM

USDBRL Long-term Outlook  Long

U.S. DOLLAR / BRAZILIAN REALICE

Description

Deflation coming in Brazil, I see a deeper-than-expected contraction in Brazilian economy as Covid reality sets in.

Comment

Buckle up DXY Inverse H&S ready to ramp up.

Comment

Brazilian stock market crashed today, just getting started.
Comments
markn
nice close above the trendline. 6/1 coming asap.
Happy Trading !
markn
Perfect, once we are past $5.88 we will get to $6.50 ASAP.

More troubling news will be coming out of Brazil mid-year too.

Stay safe and happy trading!
Gao_Capital
@markn, thanks my friend :) good luck !
markn
@markn, Here is the first news "Lula's charges are annulled and he will try to run for president next term!
Brazil will offer more support (billions of reals) to covid 19 issues, the budget will fall apart and still more scandals to come!

Stay safe and Happy Trading!
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