Trade logic on Right wing move towards government after year of lefties in power.
Some economic reforms are expected, and Capital is eyeing transfer to Brazil as a consequence.
Technically, a head and shoulders pattern just finished forming, (can be seen clearly on daily chart), with any move downward likely to be quick,
TP just above 3.2 is suggested based on...
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...
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...
Dadas as informações que temos até o momento, acredito que o preço do dólar (USDBRL) está indo para a zona dos 3.5 Reais (BRL) e de lá continuará sua trajetoria de queda para a regiao dos 3.10 que é o target da figura de ombro, cabeca, ombro que se formou no grafico. No caminho, a zona dos 3.30 pode se mostrar um bom suporte, e eventualmente, segurar o preco por...
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...
Fairly stable week for most BRICS #currencies, thanks to some USD weakness. #SouthAfrica recovering some of last weeks losses. #BRICS currency/USD movements for this week:
Brazil -1.3%
Russia +1.4%
India +0.4%
China +0.9%
South Africa +0.5%
Euro/USD +0.4%
I must admit that the one currency that is looking mighty interesting technically this week, is the...
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 resistance around 3.73 and if the...
O preço do Dolar Americano no câmbio USD BRL continuará a cair amanhã conforme minha previsão, baseada em análises técnica e fundamentalista. Vista, aquela, no gráfico de 15 minutos.
E deve continiar a cair no mês de fevereiro de 2019, até a faixa entre os preços de R$3,3480 e R$3,1149, mas pode descer até R$3,0415, conforme o gráfico semanal.
USD / BRL is testing important support and can break down with an H & S. If the break down is confirmed, it will search for the following targets. The first target is easy, very likely. The latter is a difficult target, indicating the maximum range of H & S.
