EWZ is a derivative of the Brazilian stock market ( IBOV ) and the USD/BRL relationship. 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. This can be seen in the...
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 chart is so bullish. Cup and handle.. In two years this can crash..
Brazil has been bullish lately with elections and central bank lifting interest rates. $USDBRL has been down for quite a lot. However, the move is short term, here is why: 1. Brazil cannot sustain high interest rate for such big deficit (it's not financially strong as U.S) 2. Election effect is priced in and will be gone after the event. Although the candidates...
Acredito que esta falha de topo no mensal do EUR e USD com o BRL nos levará pelo menos até a metade dessa perna de alta para de lá definir se o Real volta a apreciar indo testar o fundo ou retoma a alta. Mais provável na minha opinião é o fortalecimento do Real daqui em diante.
Captain Bolsonaro was elected, my outlook for the dollar, if all goes as expected, riding an economy team with talking heads, and propagating free trade, tax cuts, partnership with the US, privatization, reforms in legislation and social security, things for the year 2019, the dollar according to my studies, will have the following movement: The dollar is...
USDBRL seems at the beginning of a daily correction after a strong impulse. I'm expecting one more impulsive wave to the upside.
Emerging Markets are once again under a tad of pressure with USDTRY, USDARS, USDBRL higher in early trade. This is no doubt aiding the USD rally (or is it the cause?).
There is bearish divergence on the chart.
Hi all, cup and handle formation for USDBRL, after breaking the trendline at 4.30 i guess price will rocket around 6.94
Strangely the dollar rises against Real. Waiting for the actions of the Central Bank for normlizar and match the movement of other currencies.
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...
Only the Chinese news and the domestic political scene of the Brazilian elections brought the dollar down. The setting is still high.
Anticipating price extension to 127% fib area which is a major price point. Weakening of the USD can also be attributed to this trade idea. This trade is for demonstration and educational purposes. Trade at your own risk.
The TVC:DXY is strong! If the BCB does not interfere greatly with the exchange rate, you can get to the target right away.
Anticipating price extension to 127% fib area which is a major price point. Weakening of the USD can also be attributed to this trade idea. This trade is for demonstration and educational purposes. Trade at your own risk.
The political implications of Brazil, cause even more economic instability. Allied to this, attention must be paid to the TVC:DXY that can recover.