MSCI Brazil Index(EWZ)

MSCI Brazil Index (EWZ) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for EWZ · data as of Aug 14, 2026. The chart above is live; the read below updates daily.

$33.93last close · Aug 14, 202652-week range $27.33 – $42.02 · 19.25% below the high

EWZ Rising Wedge Pattern

EWZ is currently forming a rising wedge on the daily timeframe. Detected Aug 14, 2026.

A rising wedge is a breakdown that suggests the recent run may be rolling over. A breakout projects a measured-move target near $34.23 (−5.6%). Across 9,362 backtested rising wedges, the setup followed through 49.3% of the time, averaging +0.01R; EWZ's own rising wedges have hit 43.5%.

DirectionBearishTarget$34.23Projected move−5.6%Breakout level$36.12

New to this pattern? What a rising wedge is and how to trade it →

EWZ's Most Recent Rising Wedge Trade

EWZ's most recent completed rising wedge resolved as a win: it broke down on Aug 6, 2026 near $35.97, then reached its target at $34.23 on Aug 11, 2026 — a +2.01R move (4.8%) over 3 sessions. Across 113 backtested rising wedges, this setup wins 58.4% of the time.

OutcomeWinResult+2.01REntry$35.97Exit$34.23

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How Rising Wedges Have Performed

Win rate
49.3%
Avg return
+0.01R
Backtested trades
9,362
EWZ win rate
43.5%

Historical pattern statistics (2006-08-14 – 2026-08-14), not a prediction.

How these backtests work →

EWZ Pattern Trade History

Every completed pattern trade our nightly backtest found on EWZ's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
Rising WedgeAug 6, 2026 @ $35.97Aug 11, 2026 @ $34.23Win+2.01R
Falling WedgeMar 23, 2026 @ $36.46Apr 21, 2026 @ $40.79Win+2.64R
Rising WedgeMar 2, 2026 @ $37.93Mar 3, 2026 @ $35.88Win+1.16R
TriangleJan 15, 2026 @ $33.25Feb 4, 2026 @ $36.98Win+4.72R
TriangleJun 30, 2025 @ $28.37Jul 14, 2025 @ $27.31Loss-1.15R
Rising WedgeMay 21, 2025 @ $28.00Jun 30, 2025 @ $28.85Loss-1.89R
Falling WedgeNov 6, 2024 @ $28.40Nov 21, 2024 @ $26.92Loss-1.01R
Falling WedgeOct 10, 2024 @ $28.43Nov 1, 2024 @ $27.33Win+0.62R
TriangleAug 13, 2024 @ $29.63Nov 29, 2024 @ $25.52Loss-1.21R
Falling WedgeApr 15, 2024 @ $30.91May 30, 2024 @ $29.77Win+0.54R
Falling WedgeApr 9, 2024 @ $32.87Apr 12, 2024 @ $31.27Loss-1.17R
TriangleFeb 14, 2024 @ $32.51Feb 20, 2024 @ $33.69Loss-1.11R

Recent Rising Wedges on Other Charts

TNAstopped −14.1%Aug 14, 2026IWMstopped −1.5%Aug 13, 2026MRKstopped −5.8%Aug 13, 2026CRWDstopped −18.9%Aug 10, 2026

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EWZ Support and Resistance Levels

Price was turned away at a ceiling near $41.39 about 3 months ago and has been sliding since. On the weekly chart, the next floor below sits near $30.30 — still about 11% away.

  • Traders commonly watch $30.30 as a target (its 61.8% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on here — the spot to watch was the $41.39 ceiling about 3 months ago, when price was turned away there, but price has already pulled lower. What's left is the slide playing out, not a fresh starting point.

Nearest auto-detected support sits near $30.30, resistance near $41.66. These are chart/swing-derived levels, not formula pivots.

Resistance
$41.66$42.80
Support
$30.30

EWZ Recent Daily Prices

DateOpenHighLowClose
Aug 14, 2026$34.01$34.06$33.44$33.93
Aug 13, 2026$33.87$34.07$33.57$33.77
Aug 12, 2026$33.93$34.11$33.81$33.86
Aug 11, 2026$35.06$35.11$33.87$33.98
Aug 10, 2026$35.30$35.37$35.07$35.19
Aug 7, 2026$36.02$36.03$35.22$35.34
Aug 6, 2026$36.22$36.25$35.76$35.81
Aug 5, 2026$36.54$36.81$36.09$36.11
Aug 4, 2026$36.68$36.73$36.00$36.09
Aug 3, 2026$36.60$36.69$36.29$36.42

EWZ Frequently Asked Questions

What chart pattern is EWZ forming right now?
As of Aug 14, 2026, TradingPal's detector identifies a rising wedge on MSCI Brazil Index (EWZ) on the daily chart, with a measured-move target of $34.23.
Is a rising wedge bullish or bearish?
The rising wedge detected on EWZ is a bearish pattern, projecting a measured-move target of $34.23. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a rising wedge pattern, and what is its win rate?
Across TradingPal's backtest of the rising wedge family (9,362 trades over 631 symbols), it resolved in the expected direction 49.3% of the time with an average of +0.01R. These are historical statistics, not a prediction.
What are the support and resistance levels for EWZ?
Based on auto-detected, swing-derived levels (as of Aug 14, 2026), EWZ's nearest support is around $30.30 and nearest resistance around $41.66.
What is the price target if EWZ's pattern breaks out?
The detected rising wedge has a geometry-based measured-move target of $34.23 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was EWZ's closing price on Aug 14, 2026?
MSCI Brazil Index (EWZ) last closed at $33.93 on Aug 14, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.