Is this what the bulls are out to do?
-How wonderful, we have the dollar falling. And how is it falling. And it can fall further. 4500, Is this what the bulls are out to do?
-Is 4500 the fair balance between the US and Brazilian currency? If it depends on the numbers and the economies involved, the answer is a beautiful and resounding “YES”.
-There are many variables that can be put into the magic recipe to make the dollar weaken against the Brazilian currency, but there are three important factors that should be mentioned, as they can help a lot to strengthen the real.
1 – Brazil is a major exporter of commodities.
2 – The real interest (SELIC) detached from the rest of the world (but it can change and the dollar rises again).
3 – Fiscal and tax reforms (not adequate, but evolving) and good companies completely discounted on the Brazilian stock exchange.
-I believe that the three factors mentioned above have more than 60% of interference in the fall of the dollar, therefore, maintaining constancy and harmony between these three basic requirements is the ideal formula for success.
LET's go graph$
-In the long-term bias (consolidated bearish trend), we have prices really looking for the 4500 region. According to the SETUP used, there are support points in two regions; 4739 for the current time. If the declines continue, the second support point is the 4550 region.
-In the medium term we have the following price configuration: The loss of the long average strongly contributes to the weakening of the US currency, therefore, it strengthens the thesis of the long-term chart mentioned above, opening up real chances of seeking the region of 4555.
-For the short term we have: Prices trying to hold on to the bottom formed at 4767. This will be an arduous task for the bulls, to hold back the momentum of the bears in wanting to bring prices down even further. It is worth remembering that we may have the adjustment of American interest rates by the FED, where, if there is another 25 basis points increase in the rate, it could momentarily help to hold prices at the bottom level formed at 4767.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
-Is 4500 the fair balance between the US and Brazilian currency? If it depends on the numbers and the economies involved, the answer is a beautiful and resounding “YES”.
-There are many variables that can be put into the magic recipe to make the dollar weaken against the Brazilian currency, but there are three important factors that should be mentioned, as they can help a lot to strengthen the real.
1 – Brazil is a major exporter of commodities.
2 – The real interest (SELIC) detached from the rest of the world (but it can change and the dollar rises again).
3 – Fiscal and tax reforms (not adequate, but evolving) and good companies completely discounted on the Brazilian stock exchange.
-I believe that the three factors mentioned above have more than 60% of interference in the fall of the dollar, therefore, maintaining constancy and harmony between these three basic requirements is the ideal formula for success.
LET's go graph$-In the long-term bias (consolidated bearish trend), we have prices really looking for the 4500 region. According to the SETUP used, there are support points in two regions; 4739 for the current time. If the declines continue, the second support point is the 4550 region.
-In the medium term we have the following price configuration: The loss of the long average strongly contributes to the weakening of the US currency, therefore, it strengthens the thesis of the long-term chart mentioned above, opening up real chances of seeking the region of 4555.
-For the short term we have: Prices trying to hold on to the bottom formed at 4767. This will be an arduous task for the bulls, to hold back the momentum of the bears in wanting to bring prices down even further. It is worth remembering that we may have the adjustment of American interest rates by the FED, where, if there is another 25 basis points increase in the rate, it could momentarily help to hold prices at the bottom level formed at 4767.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic reviews!
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