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rubindr

Head and Shoulders Pattern on Brazilian Real Tail = Tailwind

Long
U.S. Dollar / Brazilian Real (FX_IDC:USDBRL)  
rubindr  
FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
Trend Analysis Chart Patterns brzu EWZ
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trendanalysis chartpattern brzu ewz
There is a clear head and shoulders pattern developing in the Brazilian Real. The drop in the Real should provide a tailwind for Brazilian stocks. On top of that the IBOV just broke out above 90,000. I see continued upside in EWZ and BRZU as a result
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