Trading the Crisis Brazilian Real (R$) ⇨ US Dollar ($) (BRLUSD)

Trading the Crisis Brazilian Real (R$) ⇨ US Dollar ($) (BRLUSD)

Trading the Crisis Brazilian Real (R$) ⇨ US Dollar ($) (BRLUSD)

FOREX BRL= closed up 0.021 at 3.522. Volume was 3% above average (neutral) and Bollinger Bands were 50% narrower than normal.

Open High Low Close Volume___
3.501 3.675 3.491 3.522 64,329

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 3.51 3.61 3.79
Volatility: 21 28 26
Volume: 57,966 64,185 59,807

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FOREX BRL= is currently 7.2% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of BRL= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BRL= and have had this outlook for the last 6 periods.

HEFFX Momentum

FOREX BRL= closed up 0.021 at 3.522. Volume was 3% above average (neutral) and Bollinger Bands were 50% narrower than normal.

Open High Low Close Volume___
3.501 3.675 3.491 3.522 64,329

Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 3.51 3.61 3.79
Volatility: 21 28 26
Volume: 57,966 64,185 59,807

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FOREX BRL= is currently 7.2% below its 200-period moving average and is in an downward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of BRL= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bearish on BRL= and have had this outlook for the last 6 periods.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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