USD/BRL Trending before Brazil Presidential Campaign I'm not a technical guy, just a curious about forex.
BRLUSD trade ideas
BRLUSD might be soon seing new ATL levelsBRLUSD 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.
A peek into the sugar's futureAccording to Investopedia , Brazil is top leading sugar producer globally. So , we take a look at its currency; USDBRL and discovered that since Jan 2020, it has appreciated against the USD for more than 50%. This trend should continue towards the rest of 2020 and likely the first half of 2021 too.
That being the backdrop, then we can assume sugar price to continue going higher, breaking the 15.78 price resistance soon. I am bullish on sugar !
ridethepig | BRL for the Yearly Close📌 BRL for the Yearly Close
This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking:
The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But here is the weakness, we are already seeing profit taking as the USD enters into a structural decline, we have yet to mention the advantage Brazil has with particular focus on the agriculture side.
The correct ways to play this in equities also come from companies like $ALTA which was one of the first gold mining companies to capture the 2020 flows in Brazil. It is reaching an initial target to that in the expectations, now add BRL appreciation to the mix and you can see how we arrive at the 600% targets:
A very good luck to those looking for opps in Brazil, the currency is not afraid of the flank attack and note anyway that you can capture value on Brazilian exports into countries like USD and MXN. Just note how nearest support at 4.63x is -10% from here and the extension below at 3.9xx is -23% from current levels, both are in play for 2021.
Thanks as usual for keeping the feedback coming 👍or 👎
Potencial Recover from BRAZILBRAZIL can really recover 4.00?! Economy is going very well with many investments from OUTSIDE, promissing pair to 2021
USD back to R$4 by 2021!Is under 100 MA. Price couldnt stabilish. It will reach 4.88. Hope it gets less inflationated and reach R$4 or less
Real strong day by dayI see Real going so well against USD, Bovespa index going Up so we expect USD getting weak
Sell USD & BUY High Interest Rate Currencies (RUB, BRL, MXN, ZARWe take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies.
Two factors are going against the U.S Dollar.
1.) Low-interest rate differentials
2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD.
These four setups are popular trades across investment bank trade recommendations, due to the carry trade attractiveness using the U.S Dollar and a funding currency to purchase and profit from these high yielding currencies.
Video cut out due to Tradingview's limit but you will fully understand the fundamentals driving these trades and then using technicals to time our entries.
USD / BRL Trend shwons long term high channelDuring crisis times the dollar has hit the upper channel line (as we are experiencing now), later returning to the lower channel line after a few years.
USD losing big value against BRL As we can See BOVESPA index is going well so Brazillian economy is better now, wait for a correction for a sell?!
Usd brl trend down....In short term due to us election brazilian real got some strenght even though fiscal situation remains a mess we must look at it closely... so trend down
USDBRLUptrend
High lows and high highs
At Fibo 50% waiting the candle which mid day indicate possible inverted hammer. Waiting the closing to confirm or not.
Option 1: No confirmation of the inverted hammer open potential short position on the correction.
Option2: Uptrend will move up to Fibo 100%
Watch out for a weakening BRL vs. USD Real is ready for the next leg down, USD/BRL will be > 10 soon.
The USD vs BRL, a sad case of a lost peg.The BRL is simply, not showing signs of recovery agains USD.
American Dollar is just too strong overall, and against the Brazilian currency it appears to be taking it up to the next level.
The Brazilian stock market is a bit stretched, and the whole current situation does not seem convincing enough so the external capital becomes a sure destination.
The Brazilian real gets bombarded by multiple fundamentalsThe Brazilian real doesn’t stand a chance against the US dollar’s new-found strength and the USD/BRL trading pair is one a steep climb towards its resistance level. It’s broadly expected that the prices would eventually reach their highest ranges as the Brazilian real gets bombarded by multiple fundamentals, preventing it from defending itself against the power of bullish investors. See, the US dollar remains as the world’s most chosen currency despite the hurdles it has faced this pandemic, this strains the confidence of bearish investors. However, it’s worth noting that the prices also have a potential for a steep plunge once it hits that resistance line as the US dollar as it also faces major turbulences. Meanwhile, the alarming number of daily deaths and cases in Brazil is raising concerns in the market. And to add more negativity for bearish investors, the performance of the emerging markets against major currencies isn’t helping the Brazilian real’s cause.
USD BRL TREND UPDue to fiscal economic situation in Brazil most of bonds and stocks has been sold and basically managers are looking for the best safe heave in the world... dollar. AS FAR AS I CAN SEE THERES NO MUCH IN BRAZILIAN MARKET RIGHT NOW... SO THEY MUST ALLOCATE ALL TO DOLLAR and wait a better opportunity!
