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EWZ trade ideas

EWZ Tightening In Macro Triangle: Breakout Loading? Here we are looking at EWZ on the Weekly TF! As you can see, EWZ is currently at its MACRO downwards sloping resistance line, which dates all the way back to 2008 when the Brazilian Market put in its all time highs. Since then, price has worked its way down, with many break out attempts of this line. Ultimately, each of the breakout attempts thus far have failed, but the chart has always found support at its macro upwards sloping trend line. As price interacts with resistance, it’s important to recognize that price has really began squeezing between resistance and support, as it works to the APEX of this Macro Triangle structure. If the EWZ continues to fall from its latest test, we should look for it find support at about $25, where the current support line rests around. Ultimately, I expect this to break out from resistance, and IF it can, I’d expect a nice run to follow! As always this isn’t intended as financial advice, and I always recommend making your own financial decisions! I will continue to update you on this chart as I see fit… Cheers!
AMEX:EWZLong
by GarethSolowayOfficial
2
3 Benefits That The BRICS Nations ProvideThe BRICS nations are emerging countries and significant share of the global population -- It provides foreign direct investments such as: Financial services Mining Transportation -- The BRICS is facing challenges like the global health crisis, global governance among its members, and internal agendas among its members with differing opinions -- How is BRICS Helping Africa? -- By providing digital and physical infrastructure to foster development -- Why Do Countries Want To Join BRICS? -- This is to strengthen political ties with eastern countries -- Why Is BRICS Important To The Economy? -- Because the BRICS Nations account for 17% of global trade -- Disclaimer: Do not take anything in this article as financial advise or as factual information. Do your own research before you trade. -- Trade safe, Lubosi Forex
AMEX:EWZLong
by lubosi
EWZ (brazil) has bullish signal for long term (education purposeAs you can see, the chart shows price have been consolidating with in very narrow range for several years. The price movement were stack in range bound since long time ago. However, the soybean and brazil currency are going to the moon. And that will improve brazil (hodsus brazil) An investment allocation has been made, using 4% of the total portfolio, to capitalize on this breakout. This allocation appears to be a calculated risk, as it's a relatively small percentage of the overall portfolio, which helps in managing risk. In addition, this investment offers a dividend yield of 8%. Dividends are payments made by companies to their shareholders, and an 8% yield is relatively high. This could provide a buffer against price fluctuations and contribute to total returns.
AMEX:EWZLong
by kennkennntl
EWZ Breakout ContinuationLong Idea. Since Q4 2022, AMEX:EWZ has been trading below the 200D and has recently seem some breakout gaps to the upside with some relatively high volume. I looked at option flow today (4/13) and 34s and 39s got lit up (seeing volume of 37K for each strike). Now, my first impression was that this could be a short. However, I'm willing to challenge my initial idea and go long here, trading the breakout to the upside. Buy targets: 29 / 28.5 / 28 Profit targets: 30.5 / 31 / 32 / 33 Trade is invalidated < 27.5, or acceptance back into the monthly distribution.
AMEX:EWZLong
by BreezeTrades808
Brazil ($EWZ) ShortSomeone is betting against Brazil with $EWZ 6/16 22 Puts 28,000x at .47, $1.32mm position. The Brazilian economy has faced several challenges in recent years, including political instability, high inflation rates, a weakening currency, and a slow economic growth rate. Brazil's GDP shrank by 4.1% in 2020 due to the COVID-19 pandemic, and the country is still struggling to recover from the economic fallout. Additionally, Brazil has a complex tax system, high bureaucratic costs, and issues with corruption, which can make it difficult for businesses to operate efficiently and attract foreign investment. The United States may impose sanctions on Brazil if it believes that Brazil has engaged in activities that are counter to its interests or violate international norms, regardless of Brazil's membership in the BRICS group. For example, the United States has imposed sanctions on Russia, a fellow BRICS member, in response to its actions in Ukraine and alleged interference in U.S. elections. Brazil, along with Russia, India, China, and later South Africa, formed the BRICS group in 2006 with the aim of increasing their influence in global affairs and promoting economic development. Brazil and Russia share similar views on some geopolitical issues, such as their support for a multipolar world order and their opposition to Western military intervention. Joining forces with Russia and the other BRICS countries can help Brazil advance its interests on these issues.
AMEX:EWZShort
by airborne99
Sentiment Let's continue to observe the social moods in the world. The main news today is the unrest in Brazil: supporters of former President Jair Bolsonaro stormed the Congress, the Supreme Court and the Presidential Palace. They are protesting against the election of Luis Inacio Lula da Silva as president, calling for a coup d'état, the annulment of elections and the imprisonment of da Silva. Let's try to assess the prospects for Brazil by correlation with the iShares MSCI Brazil ETF, which includes indicators in US dollars. It peaked in 2008 and has been losing over 60% since then. The long-term downtrend began shortly after former US President Obama called then-President of Brazil da Silva "the most popular politician on earth." Whether this is the bottom remains to be seen, but it certainly deserves attention.
AMEX:EWZ
by Financial_Wave