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USD/BRL Chart Thoughts
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Conan the Farmer
Posted 2/23/2017 00:31 (#5857318)
Subject: USD/BRL Chart Thoughts



South Central Iowa
Had a reply to LongKC down below, primarily about the Real because he thinks differently than I do, and accidently closed the tab when I went to save a copy of the chart. Pissed me off. So:

Here's a chart on the Dollar vs Real, thoughts are included. I think we see a weakening dollar against the real because of the technical reasons and that the Trump administration wants a devalued dollar and the Brazilian government policies are leading to a stronger Real. I think the Dollar weakening against the Real lasts for 12-14 more months and then Brazil enters an uncertain period because of their presidential election in October, 2018. Summer 2018 is when we might see Real weakening or sideways trade.

So I am Bearish on the Dollar vis-à-vis the Real. What are your thoughts?

Sat, you're surely bearish right?.... Also, LongKC mentioned that we need an Argentina flood to save the soybeans and seemed real down in the dumps; you should hit him up about your newsletter subscription or whatever. He sounds primed for the picking!



(USDReal.png)



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Attachments USDReal.png (119KB - 93 downloads)
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