It's interesting to note that the USDBRL pair hasn't risen any further despite the route in the Brazilian bond market and the Fed rate hike this week. Of course, both were largely priced into the market. We're currently at one of those crossroads where fundamentals favor further US dollar strength against the Brazilian real whereas technical analysis suggests that...
Pro bullish: - Slight bullish divergence on RSI and Stochastik - market running into support at lower end of trend channel - lower Bband at lows - Spreads steady Pro neutral: - nothing clear cut yet in terms of buy signal This is a good risk reward IMHO
INSIDEMARKET fala português. ENGLISH: Brazilian stock's indice may have found a bottom. There's a struggle around 45.000 points and 47.500 points and a triangle made by a resistance which trigger a bullish momentum towards 51.000 points. It is not clear if the possible coming wave is actionary or reactionary (in favor of overall trend). PORTUGUÊS: IBOV pode ter...
USD/BRL could not loose the strong support this week. Native speaking is the equivalent R$ 3.774 (dolz15) lost this number we could reach R$3.730 (60 min head and shoulder last target). If this currency proceed the falling path it could stop only in R$3650 (target of another pattern, bigger then the previews). Above the more important number is the 38373 or...
Comprando Even uma vez que ela está liderando o Índice Imobiliário. A idéia é participar do próximo ciclo de afrouxamento monetário(queda dos juros) que o Brasil iniciará em breve comprando uma empresa que, mesmo com a crise, tem conseguido vender e lucrar. Going Long Even since it shows leadership in the Brazilian Real Estate and Construction Index. The idea is...
Going long BR Properties since it is one of the Brazilian Real Estate and Construction Index leaders. The idea is to take part in the next monetary expansion cycle by buying a sound company.
Starting to run into some support. Seasonally we are approaching lows as well in November. For me time to start looking into a long position IMHO. We are approaching the lower end of the trendchannel (valid since early this year), however there is an ups-sloping trendline that formed since the previous lows in September. I am also expecting this to be much of...
Took longer to develop as the market decided to test the upper level of the 3 year trend channel In the meantime, we had several bearish and bullish engulfing patterns and an up sloping trendline (orange) formed. The previous highs made at 15.50 developed and formed a divergence with RSI and Stochastik. Spreads were stable but collapsed as SB sold of on...
Long Kroton on 10.95 breakout. Move is part of a Secondary bearish trend reversal inside a primary bullish trend. Switching back into synchrony with the primary bullish trend. SL at 9.55
Long PBR if it breaks the 5.87 pivot point. Also, on Sep 30th we had confirmation of a Bullish Harami. Stop-loss would be in the vicinity of 4.65
Long Brazilian education stock Kroton Educacional on inside bar breakout (28-Sep-2015). Suggested stop-loss at 1.95
Looking for some downside correction as we reached the upper trend channel IMHO - Ran into resistance without follow through for today. - Overbought on daily chart - At upper BBands on weekly chart NOTE: - There is chatter of weather issues (drought) in Brazil, so I am cautious - Also, 9 day MA crossed 20 day, 50 and 100day MA north, so that is bullish too
The BRICS (Brazil, Russia, India, China and South Africa) are highly watched emerging markets because they represented roughly 22 percent of global GDP in 2014. However, the global economic slowdown and increased geopolitical tension has weighed heavy on these markets. Although, India may be the most resilient economy out of the BRICS. India has felt its share of...
Still bullish SB as it appreciated over the past month. It really gained momentum has it had to break out from oversold conditions. What happened over the course was the term structure (future spreads) are now in backwardation for the entire next year. This leaves me with remaining bullish as it foreshadows supply tightness coming out of Brazil. Also the USDBRL...
Hammer formation and bullish engulfing at the lower end of a 3 year downtrend channel and lower Bollinger band Short term target around the upper Bollinger band with further upside towards the higher end of the trend channel Also to note: USD/BRL is on a mutliyear high, hence a retracement in the currency pair would send the prices in Sugar higher.
Brazil is under an uncertainty period while president Dilma is not impeached, Brazilian Real may lose value, bringing the USDBRL to around 4.10-4.20 as in the past days or even higher. This is a simple chart with guides on the corresponding BTCBRL prices of their equivalent BTCUSD: 237 238, 239 and 240, red lines are the price with USDBRL at 4.10 and green lines...
Arguments for upside: - Broke 100 day MA at 132 - Several MAs crossing - Fundamental tightness supports prices Arguments for downside: - Weakening future spreads - Low volume on advance during past two days What is the deciding factor? - Currency rate USD/BRL. Long time highs - If the USD/BRL retraces more (currently overbought on daily, weekly and monthly time...
My first public chart here on TadingView! This is a simple analysis using support and resistance levels and a trending line. The EMA is added to give some more data. As we can see, de pair is currently on the bottom side off a triangle and getting squeezed between the EMA and the support zone. The levels (support, resistance and diagonal line) on the graph...