BMIX Short Term Target $.10 cents Long Term Target $.50 - $27BMIX had a nice W double bottom pattern play out an exact measured move to about 10 cents. Now correcting and priming for the next run. I can 50 cents come fairly quickly, in this parabolic trend, and then after 50 cents the crazy thing is there really isn't any resistance levels up to $27 dollars. Don't sleep on this one while its under a penny, it could really surprise you. This is not trading or financial advice this is just my opinion. Thank you.
INVALIDATION:
If BMIX fails to hold .009 then a drop to .004 is possible at next support level before the upside break.
Brazilian
USD/BRL - 26TH MAYbasic analysis - convergence between fibonacci retracement 0.786 and previous resistance in 3,96~4,21BRL - buy zone
USD / BRL Trend shwons long term high channelDuring crisis times the dollar has hit the upper channel line (as we are experiencing now), later returning to the lower channel line after a few years.
Watch out for a weakening BRL vs. USD Real is ready for the next leg down, USD/BRL will be > 10 soon.
'A perfect storm' in Brazil ! Adam and Eve double bottoms confirmed, we're trading for the gap fill @ 26.5
Brazilian Real to trade higherLooking at the recent changes in Brazil the technicals and fundamentals are lining up for a stronger BRL.
BRL may open stronger Thursday, as the central bank delivered an expected 50bp rate cut, but notably removed the following
sentences from the statement.
“In the Copom evaluation, the evolution of the basic scenario and the balance of risks
prescribes an adjustment in the degree of monetary stimulus, with a reduction of the Selic
rate by 0.50 percentage points. The Committee considers that the consolidation of the benign scenario for prospective inflation should allow an additional adjustment of equal
magnitude."
It also took out the phrase "in any further adjustments in the degree of stimulus" from the
following line in the October statement: “The Copom understands that the current stage of
the economic cycle recommends caution in any further adjustments in the degree of
stimulus.”
- S&P followed the rate decision by upgrading Brazil’s outlook from stable to positive.
Looking at the technicals the EUR/BRL is currently at the Monthly Pivot and is making lower highs and lower lows - finding resistance above.
There is a lot of possible liquidity below the Yearly Pivot as this acted as strong support from the summer.
$EWZ $BVSP $IBOV Brazilian Stocks Under PressureWith market volatility back in the global markets with a vengeance, and the US Dollar remaining strong, one EM equity market that has been hit particularly hard this year has been the Brazilian Stocks (EWZ). Sluggish growth forecasts, combined with waning support for the Brazilian President, has sent Brazilian Stocks to its lowest level of the year so far, down -2.94%.
The sharp declines have also been fueled by uncertainty over the US-China trade talks on a macro level. The combination of these two forces, the external macro headwinds and weak domestic economy, have both been a perfect storm for the under-performance of Brazilian stocks in 2019 thus far. Furthermore, on a technical basis, the EWZ continues to show deterioration within the equity market, with the 50-day EMA acting as a strong resistance March 2019 and the price action failing to break above since then.
We believe that is these headwinds continue, there will be more downside for Brazilian stocks to come. We caution investors against this equity market.
$USDBRL $EWZ $BVSP - Brazilian Real Under PressureAs market volatility has come back with a vengeance and the US Dollar continues to remain strong, one EM currency that has been hit particularly hard this year has been the Brazilian Real ($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 declines have also been fueled by uncertainty over the US-China trade talks on the macro level. The combination of the two forces, the external macro headwinds and feeble domestic economy, have been a perfect storm for the under-performance of the $USDBRL in 2019.
Further more, on a technical basis, the $USDBRL continues to show deterioration within the Brazilian Real, with the 10-day EMA being a strong support for the currency pair.
We believe if this continues, $USDBRL 4.25 is the next stop.
[USDBRL 6% LONG] Reversal + Price Prediction w/ Spectro™ MThis trading strategy is using Spectro™ M
The blue background means a strong reversal zone. That's our first confirmation.
Now we see the Specter Clouds appearing no only telling us that this is too oversold but also it predicts the organic price, so it predicts possible future prices.
I like simple trading, it's a clear uptrend, Brazil is a damn mess right now, trust me I know, I was raised there before moving to the USA.
Plus it's an ascending triangle and the price is close to a support!
There are no Spectro™ M signals or alerts, but hey life isn't all about automation, right?
Entries anywhere near 3.72 and stop-losses anywhere close to the ascending triangle support line.
Profits go from 0.8% all the way up to 6% based on your strategies risk tolerance and exit rules.
Specter Cloud targets are: 3.752, 3.779 and 3.824
Ascending Triangle Target at ATH: 3.93
ATH close to 3.9666(good omen there)
Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
ALPA4 - Possível virada de tendência (Possible Upset Trend)O papel está indicando uma virada de tendência que pode render 10% nas próximas semanas.
O alvo programado é de R$11,40 e o Stop Loss está em R$10,00.
Tomar cuidado pois o último candle ainda estava encostado no Stop, acredito que seja melhor esperar mais dois candles antes de entrar na operação.
Bom trade!
English version:
The stock is indicating a upset trend that can yield 10% in the nexts weeks.
The programmed target is R$11,40 and the Stop Loss is at R$10,00.
Be careful because the last candle was stil leaning against the Stop Liss, I believe it is better to wait two more candles before entering in the operation.
Have a good trade!
