Let's talk about Dollar vs Brazilian Real!
-In the long term we can see that the US dollar is in a consolidated bearish trend.
-Given this scenario, we can say that the dollar tends to devalue against the "Tupiniquim" currency due to a basic factor: "there are several securities on the Brazilian stock exchange with their "valuations" completely outdated", mainly companies linked to commodities.
-In the medium term we have some factors that could prevent the American currency from depreciating more quickly, but not avoid it, and one of them is the approval of the "break" spending ceiling, where, the tendency for now would be for the FED to continue with its homeopathic doses of increase in interest rates to contain inflation, since public spending also tends to contribute to strengthening inflation, and this contributes to the dollar continuing its saga of remaining valued against the Brazilian currency, which we call it "flight to quality".
-In the chart below we can see that the longer "uptrend line" (green line), which was previously an important support for prices, is currently being the newest resistance. We also have a medium-term bearish trend line (red line) just above it, which has joined the bullish cross and is serving as strong resistance. But despite that, we have a bullish pivot formed, but he doesn't have that much strength.
-In the short term, we have forces acting on both levels. Bulls and Bears fighting each other, pulling the quotations hourly upwards, hourly downwards, increasing the volatility even more, because as said, there are stocks that are completely discounted, therefore, one and another bulls tend to fill their carts with these companies, strengthening the Brazilian currency momentarily.
-In the chart below we have the possibility of a bearish pivot if prices start to work below the 4997 line, but as mentioned before, we have the FED soon, which could prevent the US currency from reaching the 4774 level that the "SETUP used" is indicating.
-Also read the graphic analysis below.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
-Given this scenario, we can say that the dollar tends to devalue against the "Tupiniquim" currency due to a basic factor: "there are several securities on the Brazilian stock exchange with their "valuations" completely outdated", mainly companies linked to commodities.
-In the medium term we have some factors that could prevent the American currency from depreciating more quickly, but not avoid it, and one of them is the approval of the "break" spending ceiling, where, the tendency for now would be for the FED to continue with its homeopathic doses of increase in interest rates to contain inflation, since public spending also tends to contribute to strengthening inflation, and this contributes to the dollar continuing its saga of remaining valued against the Brazilian currency, which we call it "flight to quality".
-In the chart below we can see that the longer "uptrend line" (green line), which was previously an important support for prices, is currently being the newest resistance. We also have a medium-term bearish trend line (red line) just above it, which has joined the bullish cross and is serving as strong resistance. But despite that, we have a bullish pivot formed, but he doesn't have that much strength.
-In the short term, we have forces acting on both levels. Bulls and Bears fighting each other, pulling the quotations hourly upwards, hourly downwards, increasing the volatility even more, because as said, there are stocks that are completely discounted, therefore, one and another bulls tend to fill their carts with these companies, strengthening the Brazilian currency momentarily.
-In the chart below we have the possibility of a bearish pivot if prices start to work below the 4997 line, but as mentioned before, we have the FED soon, which could prevent the US currency from reaching the 4774 level that the "SETUP used" is indicating.
-Also read the graphic analysis below.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-See below for other graphic analysis.
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