After the rapid ascent we saw a natural pullback with some profit taking and now look poised to resume the upward trajectory for which a possible target could be the 2015 high of 4.24 Price now at key level , seen some intra day forays above 3.75 but failed to close above the reference point Traders , look for a new high to take further long entries. I see no...
Narrowing market-range. #Bolsonaro2018
As I can see from the history chart 200 til now USD/BRL will soon around month 8 go down for about 4 years .
The Central Bank will offer more foreign exchange swap contracts, equivalent to the sale of dollars in the futures contracts.
The Brazil index, Bovespa, often trades in tandem with the Brazilian Real. The index is showing signs of weakness. A good hedge is shorting the Brazilian Real. This is because the Brazilian economy is exchange rate sensitive. See image below to see its consistency. If the breakdown in the Bovespa breaks the wedge to the downside beyond the minimum target, I...
A NEW AGE WILL COME TO THE SOUTH AMERICA GIANT??? USD/BRL LOW LOW LOW- BUY REAL TOMORROW MORNING
The negative outlook of early January has faded. The then expected breakout did not materialized. Moreover, buyers have returned and are even trying to trigger a new recovery phase of some sorts. For this they must convincingly clear the barrier around 3.3475 thus paving the way towards 3.4750 and perhaps a bit higher. Although not spectacular, it is one of...
A Doji appeared at 4 hour chart, buyers exaustion, time to sellers take place maybe, let's see what happens.
Dolinha indo ferrar o IBOV. Piercing pattern em suporte manjado.
On daily charts, we see stiff resistance at around 3.3346-3.3420 levels where the pair has shown a convincing supply zone in the recent history. That is where a resembling evening star pattern has occurred that is pulling back from highs of 3.34 levels. Hanging man patterns at 3.3149 and 3.3121 levels are occurred to plummet the prices below 7DMAs. Thereafter,...
short this pair .. hs in the way tgt 2.8( usd/rial brazileiro)