The Brazilian Real remains under fire due to a weakening commodity outlook, continued coronavirus concerns and impacts on LATAM/emerging market assets, revisions in inflationary outlook (down to 3.25% for 2020) and subsequent shifts in future monetary stimulus, high gross debt to GDP (~80%) and continued capital outflow from asset markets. All within a risk-off...
𝔹𝕖𝕗𝕠𝕣𝕖 𝕪𝕠𝕦 𝕣𝕖𝕒𝕕 𝕥𝕙𝕚𝕤 𝕚𝕕𝕖𝕒, 𝕡𝕝𝕖𝕒𝕤𝕖, 𝕔𝕝𝕚𝕔𝕜 𝕥𝕙𝕖 𝐋𝐈𝐊𝐄 𝐛𝐮𝐭𝐭𝐨𝐧 𝕥𝕠 𝕤𝕦𝕡𝕡𝕠𝕣𝕥 𝕞𝕪 𝕨𝕠𝕣𝕜. 𝕀 𝕨𝕠𝕦𝕝𝕕 𝕒𝕡𝕡𝕣𝕖𝕔𝕚𝕒𝕥𝕖 𝕚𝕥. The pair failed to breakout from a major resistance line, sending the pair higher towards a major support line. The populist president of Brazil, Jair Bolsonaro, has been leading South America since his election in January 2019. Known as the “Trump of South...
This train is picking up speed and as most of those who follow the Brazilian chart updates will know there is now momentum via Bolsonaro's pension reform. This is giving consumers the ability to drive growth into 2020 and beyond via things like credit and the appropriate monetary policy. Inflation is still coming down which means CB can keep lower rates, this...
A timely update to my Latam charts as we approach year-end. The bullish BRL theme I have maintained all year long is starting to attract a lot of interest with the idiosyncratic pension reform. Macro data in Brazil is showing signs of finding a floor and BCB have confirmed the end of the easing cycle: Those with more conservative hands looking to ride this...
As we enter into the end of the week a good time to update the long term economic strategy with BRLMXN. There are plenty of ways to take advantage of the pension reform in Brazil as this is going to provide steel support for Brazilian exposure. We are using MXN as a vehicle for this cycle as the erosion continues. For the technicals we are trading at the very...
Revisiting this trade, nice entry position as in risk/reward ratio Previous trade linked below, hopefully exited at 3.82.
The pair failed to breakout from a key resistance line, which will send the pair lower towards a major support line. Unpredictability was seen to be playing its game on the EU-Mercosur trade negotiations. The 20 years negotiation between the European Union and Brazil had finally come into an end after the two (2) economies agreed to draft deal which will open the...
Não sei se pode escrever em português, mas acredito que só brasileiros vão querem ver minhas linhas de suporte e resistência. eu uso um padrão de cores. quanto mais lilas mais forte e mais tempo foi testada a linha, quanto mais pro vermelho mais fraca é a linha. isso porque eu uso escalas diferentes para marcar as linhas, que só são visíveis em cada escala. o...
a simples way to chose when btc in brazil is more profit.
As most of you following will already know I have been calling for a BRL correction since last year. This has been a classic 5 wave sequence unfolding at the August 2018 highs. Since then we have formed the A and B leg of an incomplete ABC count which will ultimately target the 3.50 lows. That will include the ABC target as well as the 61.8% retrace of the Vth...
No comments needed, I suppose.... Almost too symmetrical and too good... All USD-shorts supported by other main USD crossed so go for it!
Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 50 and 61.8% weekly retracement levels at 5.09; and we can expect a continuation. There is scope...
Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation. There is scope here for as high as...
Here we can see the end of a 5 wave pattern to the downside and the AB leg of the ABC correction complete. So what does this mean? Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially if you are a believer of the bearish Yen story. Best of luck...