Brazil’s real is poised to drop to the weakest level in 10 months after buyers of the currency diminished and a momentum indicator signaled declines, according to Invesco Ltd.’s Avi Hooper. The currency’s weekly TD Sequential indicator suggests an almost yearlong rally against the dollar ended in October, while the moving average convergence/divergence, or MACD, chart shows the real is likely to weaken, Hooper said in an interview. A close above the currency’s 55-week moving average tomorrow would signal a move to the 200-week moving average of about 1.939 per dollar, or 5.7 percent weaker than yesterday’s level of 1.828, according to Hooper.
Real Vision Academy : DeMARK Indicators
In early 2022, Raoul Pal and the team at Real Vision sat down with Tom DeMark (Founder and CEO of DeMARK®) to discuss his career,
Dec 22, 2022
