With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved...
The charts never lie.
The Law of Large Numbers, by Jacob Bernoulli, defends that we can accurately predict an event when we utilise large numbers.
This chart has a precise bull flag formation that has been forming way before the election results.
Now we have the Brazilian people's decision, LULA has "won" and the left is back in power.
From my point of view,...
Brazilian real was in a long term appreciation due to economic commoditie activity but now as it starts to fall also come the Br currency. For moment its Buy USD.. SELL BRAZILIAN REAL!
USD dollar is likely to strengthen next days against BRL. I am looking for longs. This pair is one of the easiest to trade. Just moving averages will do. It is pretty straightforward on higher timeframes, no fake moves as in euro.
For educational purposes only.
Everything else is headed back to preCOVID levels, it looks to me like Brazilian Real is doing the same. In this particular case, it's bullish.
The currency is headed up because oil is headed up and Brazil produces more oil than Iran. (#8 in the world)
Just posting this because I plotted it out for myself. EWZ is not currency hedged which means the currency...
Based on the macro environment, and considering these key factors:
1. Bovespa leg-room to expand
2. Dollar index is going into a bearish macrocycle
3. Commodities bullish cycle
4. Political Tail-wind.
Just to record that the chance of the dollar falling is great! After this breakout of this accumulation and the straight support, the price is already indicating a downtrend. Making the tops and bottoms lower and lower. We need confirmation of the breakout of 4.58 reais to establish a downtrend. Strong buying region in the region of 4 reais and fibo.
Despite the recent inflation in all commodities, BRL is starting to strengthen against the dollar and
has now broken 2 key areas simultaneously. breaking a line in itself is not a big deal so we need
more evidence for follow through.
A somewhat confused picture has emerged over the past few days on the USD/BRL chart. I have what looks like a triple top on the monthly and weekly charts, which any chartist will tell you is BEARISH. But…. Over the past couple of days on the daily chart we have what looks like a double bottom which has just completed, which is bullish short-term pattern – so what...
For my English speakers:
I am saying that the price broke major support which happened to align with the 38% fib. With broken support on the higher time frames and structure-forming, suggesting resistance on the lower timeframes make the possibility of a continued fall imminent.
I am waiting for further confirmation n the daily with proper 4H context for...
