Tag Archives: USD/BRL
Midday Missive
Emerging market currencies… The Mexican Peso, Brazilian Real and the Indian Rupee are all extremely oversold. This leads us to their respective Stock etf’s which look to be good candidates for an oversold bounce as well. Pay attention to the … Continue reading
EWZ | Brazil
All of you jonsing for a trade…this is a good place to look. Brazil has a potential double bottom on the yearly just shy of 49.25. I’m looking for this to make an attempt at 55, by staying over 51.50 … Continue reading
A.M. Look 5/16/12
USD/BRL… 20270 is the next Dollar resistance level…next are the bigger Fibs @ 20700. NZD/USD…76.20-40 is a pivotal level. Once convincingly through, this should go to 74 for a start. Both of the above are Risk currencies. More Risk Off … Continue reading
Currencies
Pounds…just completed a 50% re-trace on today’s low on a major swing. Aussie… is probing support Brazilian Real….182 USD/BRL ish is where all the weekly Dollar resistance comes in. Oil…back into support… This says 2 things…Do not sell weakness in … Continue reading
OIL…USO…General Risk
A.M. Look 2/14/12 Crude has broken out of it’s recent $5 trading range. We will be adding the USO ETF to our Long portfolio on a dollar pullback in the Crude to anywhere near $100.50. We will use this as … Continue reading
A.M. Look 1/13/12
Oil…100.55 close now becomes a similar level to 105-105.31 All new closing strength is needed over these levels for new upside. Brent shows the same pattern with new closing strength back over 112.20 needed. Short term sell stops are 98.30 … Continue reading
USD/BRL ( Brazilian Real)…USD/CHF ( Swiss Franc)…USD/CAD ( Loonie)
177.70 ish USD/BRL should be a reasonable Risk On barometer. Under this USD/BRL level, Risk assets will be in vogue. Over, ( trading towards 180) Risk assets will be less attractive. The Swiss Franc keeps attempting to come back to … Continue reading
A.M. Look 10/7/11
Welcome to unenjoyment Friday. Per Yra, we should start rolling early with the Canadian #’s. Currencies…the price action in the Sing Dollar and Real will be a good market tell. ( watch for tone) Euro… we would like to see … Continue reading
IUSD/BRL Brazilian Real Weekly….Euro
A close tomorrow below 179.69 USD/BRL puts in an outside reversal weekly pattern. This is a Risk On Pattern for Equities… The Euro is putting in an outside reversal day to the upside with a 4 P.M. NYC close over … Continue reading
A.M. Look 10/3/11
One of the main features of last Qtr were the outside reversals in the dollar against the Singapore Dollar, Aussie, Canada and Brazilian Real. These chart patterns were a reflection of Global DE-leveraging or better known as the “Risk Off Trade”. … Continue reading