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...
For this pair I see this movement in the short term. That is, soon there will be opportunity to long from the green box to at least the red box. It's just my entries, I'm not a counselor. Good luck!
Earthquake Cracks Widen from early 2018 - NZD COP BRL small canary-economy currencies Vs. the S&P 500
When we look @ the long term chart we see a pattern forming for many years. Here when we look @ the bovespa index we see a 5. wave forming all time high. When we look @ the geopolitics we see a major problem @ the region. Venezuella Brasil will face strong problems. Political breakdown can be seen @the region. Brasil goverment will face strong problems.
This relates to the recent market crash being seen in the S&P 500 Index. Long order should only be triggered at the breakout of the neckline.
This trading strategy is using Spectro™ M The blue background means a strong reversal zone. That's our first confirmation. Now we see the Specter Clouds appearing no only telling us that this is too oversold but also it predicts the organic price, so it predicts possible future prices. I like simple trading, it's a clear uptrend, Brazil is a damn mess right...
We suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame. We expect an acceleration on the REAL devaluation once the 4 reais level is crossed. Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian...
Canada is basically an EM like Brazil, except without the trade from the USA.
The Brazil index, Bovespa, often trades in tandem with the Brazilian Real. The index is showing signs of weakness. A good hedge is shorting the Brazilian Real. This is because the Brazilian economy is exchange rate sensitive. See image below to see its consistency. If the breakdown in the Bovespa breaks the wedge to the downside beyond the minimum target, I...
This is a graph show the relation between the BTC in the Coinbase US Market and the BTC BR in the MercadoBitcoin market, Brazil. Adjusted with the dollar and to show the numbers in percentage. If the number is positive, you have a difference of a price higher in the US Market, viewing the direct percentage in the chart.
Looks like we had an opportunity to explore the arbitrage spread between BRL / USD using bitcoin in August. It existed until late September but closed in 2 days, coming back from 20% to 7%. Another window was back in May.17, but it lasted for shorter than the Aug one, which is interesting. Do you guys agree? How could be possible that the market let this happen...
I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long $BRL as an oil proxy here, shorting $USDBRL with a tight stop at 3.3415. The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it. Best of luck to our brazilian friends, and to anyone taking the...
Português: -- A linha azul representa o preço aproximado em BRL da bifinex (dólar x btcusd mais o custo aproximado para enviar dinheiro lá). A linha vermelha representa o preço real do btcbrl (média entre BITCOINTOYOU e FOXBIT). Quando o a linha vermelha está abaixo da azul é tempo de pensar em comprar bitcoin no brasil, e quando está acima da azul é tempo de...
This is my first post here, trying to see is happening a bull div. Usd is still getting strong but maybe there is some "correction" comming.