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Forecast and Levels for Bovespa Index - page 3

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Sergey Golubev
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103309
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.03.21 06:30

Bovespa Index - daily correction; 84,050 support is the key (based on the article)

Daily price is above Ichimoku cloud: the price is testing support level at 84,050 to below for the secondary correction within the primary bullish trend to be started.

Bovespa Index

  • "After five trading sessions down, the Ibovespa closed slightly higher (+0.30%) Tuesday at 84,163.80 points, pulled higher by steelmakers shares but capped by caution before the monetary policy decisions of the U.S. Federal Reserve (Fed) and the Brazilian central bank, both expected for Wednesday. There is a fear that the new Fed chairman, Jerome Powell, who will head the meeting of the monetary authority for the first time, may indicate higher interest rates than expected."
  • "Investors are also waiting for a tariff resolution on imported steel announced by the U.S. President Donald Trump. Brazil is trying to be exempted from the measure. Faced with this expectation and amid positive data on steel sales, steelmakers stocks closed higher, such as Gerdau's (+4.72%) and Usiminas (+1.94%). The shares of Vale (+1.22%) and Petrobras (+1.10%) also had a more positive day."

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The chart was made on D1 timeframe with standard indicators of Metatrader 4 except the following indicators (free to download):


Sergey Golubev
Moderator
103309
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2018.03.22 07:30

Bovespa Index - inra-day breakout with the possible bullish reversal (based on the article)

Bovespa Indexvvvvvvvvvvvv

  • "Ibovespa, the benchmark stock market index in Brazil, closed higher for the second straight session (+0.97%) Wednesday at 84,976.59 points, after the Federal Reserve signaled that it expects two more interest rate hikes this year in the U.S. - a dovish view, according to investors."
  • "Fed members unanimously raised the benchmark interest rate by 0.25 percentage point (pp), to the range between 1.50% and 1.75% per year, and kept the forecast of two more interest rate hikes in 2018."
  • "For Thursday, analysts believe the stock exchange may continue to reflect the Fed's decision and the decision of the Brazilian central bank Monetary Policy Committee (Copom), which today cut its benchmark interest rate by 25 basis points, to 6.5% per year, a record low."

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The chart was made on H1 timeframe with standard indicators of Metatrader 4 except the following indicators (free to download):


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