Head and Shoulders Pattern on Brazilian Real = Tailwind

2019년 1월 4일

EWZ is a derivative of the Brazilian stock market ( IBOV ) and the USD/BRL relationship. There is a clear head and shoulders pattern developing in the Brazilian Real. The drop in the Real should provide a tailwind for Brazilian stocks. On top of that, the IBOV just broke out above 90,000. I see continued upside in EWZ and BRZU as a result. This can be seen in the clear bullish channel in the EWZ chart

2019년 1월 4일

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2019년 1월 4일

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