Rising Wedge Inside Ascending Channel Euro/Real going to 6,70ish on the following days, a good swing trade opportunity for a short short (pun intended).
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The Brazilian real and the number of coronavirus casesIt’s evident that the Brazilian real’s value continues to plummet against the eurozone’s single currency. The EUR/BRL trading pair has been very bullish in recent days, climbing to record heights. Unfortunately for the Brazilian real, it’s not expected to recover yet although today, prices are seen
Bearish investors are hoping to have their luck against the tideThe euro to the Brazilian real exchange rate has the potential to go down towards its support level as the euro slows down momentarily. Bearish investors are hoping to have their luck against the tides, possibly pulling the prices lower towards their support in the coming days. However, the move wil
Understanding Fair Value of Emerging Market FX RatesWhen making the decision of when to convert currency people tend to have a short-sighted view of what good value exchange rates are. What most people don't take into account are the 4 most important factors when it comes to a currency: Inflation, Interest Rates, Economic Health, Political Risk.
In
The Brazilian real appears that it lost its recovery momentumThe Brazilian real appears that it lost its recovery momentum since early June, not just against the euro, but also against other currencies. The EURBRL’s prices have been flirting with a critical resistance, and yesterday, prices bounced off aggressively from that level. However, the pair is widely
EUR/BRL should go down to its support level this month The exchange rate slightly steadies this Monday, but bears are widely expected to come out triumphant in the coming sessions. The pair should go down to its support level this month as the Brazilian real makes an astonishing come back. The news about the European Central Bank’s decision to expand it
EUR/BRL BUY & SELL ZONESThis chart will show when you should start accumulating a higher percentage of Euros or BRL. It will also show you where strong historic levels of support and resistance. In a Euro BRL portfolio, I would suggest 50-50 in the mid-range 65-35 in the light range and 80-20 to 90-10 in the dark range. It
The Euro and the Brazilian real aren’t seeing good trajectoriesIt looks like both the Euro and the Brazilian real aren’t seeing good trajectories this week as both economies show negative news and figures. Brazil’s national economy shrank 1.5% in the first three months this year, which was down from a revised 0.4% jump during the previous quarter in 2019. The d
The Brazilian real gets a chance to recoverThe Brazilian real gets a chance to recover thanks to the recently reported recession in German, the bloc’s biggest economy. The single currency steadies this Tuesday but is widely expected to contract in the coming sessions as investors worry about possible measures from the eurozone to save its po
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