Hello,Traders. In the USDBRL chart, we were expecting a regular flag formation for the price to keep pushing for downward. Now, it has broken the trendline, so the view has changed whereby we might see price testing the top and then reverse to the downside. Look out for any ipmulsive move tothe downside as itis not necessary for price to break the top and then...
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...
Please check the following two indicator for Brazil Real : MACD and RSI
Even though the real has achieved a new low, MACD histogram got a lower maximum compared to September 2018.
A similar pattern could be seen in the RSI, which achieved a lower maximum while the real got a new low.
As market volatility has come back with a vengeance and the US Dollar continues to remain strong, one EM currency that has been hit particularly hard this year has been the Brazilian Real ($USDBRL).
Sluggish growth forecasts, coupled with waning support for the Brazilian President has sent the Brazilian Real to its lowest level of the year thus far. The sharp...
FX_IDC:USDBRL
EL RECRUDECIMIENTO DE LA GUERRA COMERCIAL ENTRE EEUU Y CHINA HABILITO LA ONDA DINAICA DEVAUATORIA DE MONEDAS EMERGENTES QUE CATAPULTARA EL CLIMAX DE LA CRISIS FINANCIERA 2019-2022.
EL DOLAR EN BRASIL HABILITANDO EL HCH INVERTIDO DE LA SECUENCIA DE ONDA III QUE LO LLEVE RAPIDAMENTE HACIA UN TARGET DE 5,40 REALES.
RESISTENCIA TECNICA EN EL AREA...
Price setting up as 4yr H&S continuation, 5 up and 3 down suggests test of 4.22 trend line resistance, a further break would suggest initial target to 5.38. Trade idea invalidated with a break below trend channel or Jan19 low.
All necessary information is on the chart.
Following last years elections results BRL recovered against the US dollar, but despite a series of positive indicators, reports and overall better economical mood BRL failed to follow towards the target of the previous head and shoulders pattern, instead, encouraged by yet another corruption scandal, the price has been...
Zona importante para esta relación, tocando desde abajo una línea alcista de muy largo plazo y que incluso tuvo un amague de ruptura llegando a cotizar 3.93 para mostrar una reversión importante..
Clave sostenerse debajo de 3.90/3.91 para no esperar una mayor depreciación, que podría llegar a los 4.20 dólares en caso de superar la cota mencionada.. Mirando para...
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