Target one is reached. Usually after a beautiful cup and handle like this one, we see further upward price actions. Fundamentally, I don't think Real will sustain this trend of being valued, since the current president is a former prisioner charged for corruption and recently has been seen in Dubai with his 30y younger spouse in a hotel costing 60,000 reais per...
FED is saving the banks and the pivot is closer than ever.
The dollar will have a very bad 2023/24 and once the rates start to decline, everything will have already landed on the moon.
The pivot is just the "icing on the cake" as once it happens the markets will already have exploded (e.g; Bitcoin).
The Dollar against the Real could possibly enter an...
In the contemporary global landscape, compelling arguments exist for a pro-Gold, pro-China, pro-BRICS case and a pro-US, pro-USD case. This extensive analysis will explore both perspectives, starting with the pro-Gold, pro-China, and pro-BRICS cases.
The global commodity supply and demand pricing dynamics reveal a shift in gold businesses from the US to China....
With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved...
The charts never lie.
The Law of Large Numbers, by Jacob Bernoulli, defends that we can accurately predict an event when we utilise large numbers.
This chart has a precise bull flag formation that has been forming way before the election results.
Now we have the Brazilian people's decision, LULA has "won" and the left is back in power.
From my point of view,...
Brazilian real was in a long term appreciation due to economic commoditie activity but now as it starts to fall also come the Br currency. For moment its Buy USD.. SELL BRAZILIAN REAL!
USD dollar is likely to strengthen next days against BRL. I am looking for longs. This pair is one of the easiest to trade. Just moving averages will do. It is pretty straightforward on higher timeframes, no fake moves as in euro.
For educational purposes only.
Everything else is headed back to preCOVID levels, it looks to me like Brazilian Real is doing the same. In this particular case, it's bullish.
The currency is headed up because oil is headed up and Brazil produces more oil than Iran. (#8 in the world)
Just posting this because I plotted it out for myself. EWZ is not currency hedged which means the currency...
