BRL Short - Further downside as Brazil's economy falls
SUMMARY: Short, Brazil (a country I love) is plague with multiple challenges - a big list - for this reason we will see further downside.
Note, Brazil has capital controls in place to prevent capital flight, otherwise we would see the BRL crash to the ground.
-- Technical --
It is below all the EMAs and MAs on the "weekly", very bearish, and has been under the Guassian Channel for years - bearish signal.
Something like Bitcoin would help protect peoples' wealth, especially poorer people.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
Note, Brazil has capital controls in place to prevent capital flight, otherwise we would see the BRL crash to the ground.
-- Technical --
It is below all the EMAs and MAs on the "weekly", very bearish, and has been under the Guassian Channel for years - bearish signal.
Something like Bitcoin would help protect peoples' wealth, especially poorer people.
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
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In 10 years , BRL has lost 75% of its value:
