Possible Long in USDBRL, with a good target. This is not only technical analysis, but combined with the idea that USD Index will start to increasce against other currencies that was performing well. Plus the actual strong left governemt can cause more inflation and investors-run to dollar safety.
Howdy fellas, I am Brazilian by origin so this matters to me. It's a chart that I always check, as I every now and then exchange these currencies (as well as the euro related to Brazilian real). Now we all know at some point the dollar index needs to take a step back and retrace. It could continue to push higher against other world currencies, but that...
The international capital movements continue to be driven by carry trade opportunities. For hedging the debt ceiling event risk, traders like BRL, CNH, and JPY, where the first two provide the right beta to equities. While BRL provides a carry cushion, it is a bit more overvalued in some of our short-term models than CNH. The upside for CNH is likely viewed as...
With the global economy showing more resilience and the Fed slowing its pace of tightening, we believe EM currencies can outperform relative to G10 peer currencies this year. Attractive real yields should result in market participants accumulating exposure to developing currencies, while our assumption for contained banking sector stresses should lead to improved...
triangle rupt, first target in 4,30BRL, 0.382 fibonacci retracement region.
Using this inverted H&S pattern we can see a bullish possible move leading to the Right Shoulder The Horizontal level in white or slightly lower may be reached with this Right Shoulder
ENTRY: 1.350 SL: 1.200 TP1: 1.485 TP2: 1.605 - ADX>25 - Daily RS +ve - Daily FFI +ve - Weekly RS +ve - Weekly FFI +ve - Moving averages are aligned - Brokeout previously on 14 Apr 2022 and 2 May 2022 with volume/ - Entry based breakout today and on >2% rebound off 10EMA with volume
basic analysis - convergence between fibonacci retracement 0.786 and previous resistance in 3,96~4,21BRL - buy zone
usdbrl is in a long term bull market with parabolic looks
The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon. At the moment USDBRL hasn't...
Projecting that triangle move we could be touching the 92,5 in the next days for another test of the 87 support from the last top. Keep it safe, have a good one.
BRL could be gaining some force on the weeks but on the long run it will be hard to recover. Politics in Brazil will dictate what will happen next.
Probability 1. Ranges from 5.34 BRL to 5.62 BRL Probability 2. It rises quickly to 5.85 BRL, and then if it manages to consolidate at that price 6.2 BRL. Probability 3. It falls to 5.28 BRL, with subsequent fall to 4.85 BRL. Less likely scenario.
Select foreign currencies, after Covid/coronavirus bounce-back, have been weakening since early December 2020 - ahead of the NASDAQ (IXIC) question of faith in mid February 2021: Russian ruble RUB/USD, Brazilian real BRL/USD, Colombian peso COP/USD, Mexican peso MXN/USD, Korean won KRW/USD, Thai baht THB/USD, Japanese yen JPY/USD, Euro EUR/USD.
I could draw a second channel identical parallel to the first one.
BRLUSD is sitting in a really iffy spot right now and we may see new ATL's soon. If "Support 1" is not holding it is a clear short position for me with a first target at $.1730. If the red box is not finding support BRLUSD will see new ATL levels - what I would be aiming for with this trade.
ichimoku clouds indicando continuidade, expansão fibonacci ate 735,00. Alvo 735,00 - 29,62% Stop loss em 515,00 - 9,64% entrada parcial em 23-12-20 561,00 entrada parcial em 24-12-20 573,00 Em breve grupo VIP tegram de analise avançada.