This week’s inflation data could be decisive for traders as markets weigh whether the Fed will cut rates by 25 or 50 basis points. Last week’s jobs report did not sway the market from its current consensus. The US economy added 142,000 jobs in August 2024, falling short of the expected 160,000, based on the latest NFP data. According to the CME FedWatch Tool,...
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.
Hello traders, Welcome to this quick update on USD/BRL in a 3-hour timeframe. The USDBRL is likely to form a bearish triple-top which might bring the price down from $4.99 to $4.85. The RSI is already at the oversold zone and it is a strong indication of a bearish move. I am bearish on USDBRL. What is your POV on this chart? Let me know in the comments...
FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
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...
Brazilian Real is going to have a hard 10 years ahead...
triangle rupt, first target in 4,30BRL, 0.382 fibonacci retracement region.
basic analysis - convergence between fibonacci retracement 0.786 and previous resistance in 3,96~4,21BRL - buy zone
Just to record that the chance of the dollar falling is great! After this breakout of this accumulation and the straight support, the price is already indicating a downtrend. Making the tops and bottoms lower and lower. We need confirmation of the breakout of 4.58 reais to establish a downtrend. Strong buying region in the region of 4 reais and fibo.
A somewhat confused picture has emerged over the past few days on the USD/BRL chart. I have what looks like a triple top on the monthly and weekly charts, which any chartist will tell you is BEARISH. But…. Over the past couple of days on the daily chart we have what looks like a double bottom which has just completed, which is bullish short-term pattern – so what...
The Real has completed a 12-month rectangle and a bull move against the USD has begun
Major Pattern: Symmetrical Triangle Weekly Anticipatory Pattern: Channel with 7 descending consecutive maximums
usdbrl is in a long term bull market with parabolic looks
After this week's candle, the USD showed after several weeks of congestional prices that the market is selling dollar with a high demmand for BRL Real. It showed that the USD will go down for several weeks ahead with a risk reward ratio of 1:2. Its time to sell USD or go short.
Minister Paulo Guedes Corrupt destroyed Brazil Target $6 BTC strong what is not lacking is: support - is Altseason now what we have is: plenty of Altseasson space to shine Super Cycle BTC little jump little jump But the target is consistent Everything in order Altseason is ready and loaded ready to explode Here is pure math Tips for Buy Fast PMA...
Minister Paulo Guedes Corrupt destroyed Brazil Target $6 BTC strong what is not lacking is: support - is Altseason now what we have is: plenty of Altseasson space to shine Super Cycle BTC little jump little jump But the target is consistent Everything in order Altseason is ready and loaded ready to explode Here is pure math Tips for Buy Fast PMA...
Minister Paulo Guedes Corrupt destroyed Brazil Target $6 BTC strong what is not lacking is: support - is Altseason now what we have is: plenty of Altseasson space to shine Super Cycle BTC little jump little jump But the target is consistent Everything in order Altseason is ready and loaded ready to explode Here is pure math Tips for Buy Fast PMA...