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...
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.
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...
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...
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...
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...
In the graph we can see the primary line (yellow 55 days) and secondary line (green 21 days) are still point down. The downs and ups of peaks and troughs are getting lower peaks and lower troughs. We can draw a downtrend line connecting the peaks, is a resistance line.
For tomorrow we can expect the downtrend line act as a...
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