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BRAZILIAN REAL / U.S. DOLLAR

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BRLUSD trade ideas

USDBRL - possible minor correction to 5.2 before last leg downAs predicted in the post of May 26, USDBRL reached a level a few points below the target for the correction. Now USDBRL is tracing minor wave A down and it is currently at the beginning of minute 4 up that could reach levels around 5.20. After this the currency pair should enter in the last leg down to complete wave A (our current target for this is at R$4.87) When wave A finishes, wave B should elevate USDBRL to the range between 5.42 to 5.55 before it continues its trend down again. FOLLOW SKYLINEPRO TO GET UPDATES.
by SkylinePro
The Brazilian real makes a comeback against the US dollarThanks to the efforts of the Brazilian central bank, the Brazilian real makes a comeback against the US dollar. The broader strength of the greenback in the global market is no match for the determination of bearish investors to recover. Considering the US dollar to Brazilian real trading pair’s sharp decline, the pair should reach its support levels by the second half of the month. The Brazilian real is gaining strong momentum after struggling thanks to the previous interest rate cut of the Latin American country’s central bank earlier this year. The currency is feeling the pressure from both political and economic factors; the looming recession in the heavyweight country and the intense controversies regarding the Brazilian president and anti-lockdown protesters. As for the US dollar, it’s reign is about to end as other currencies thrive and the risk sentiment continues to prosper along with the hopes for a speedy recovery of the global economy.
Short
by Financebroker
USD/BRL will bounce back from an uptrend channel support lineThe pair will bounce back from an uptrend channel support line, sending the pair higher towards its all-time high. The largest economy in South and North America are facing challenges with the coronavirus pandemic. Brazil placed 3rd while the US has the largest COVID-19 cases and deaths around the world. The fear of contamination had forced their government to temporarily shut businesses or reduced their working capacities. In the US, the shutdown caused its economy to shrink by -4.8%, the biggest since the Great Recession in 2008. Meanwhile, Brazil is expected to plunge by 6% in Q1. Between the two (2) countries, the US will thrive the most. US President Donald Trump has now the backing of both the Republicans and Democrats as officials try to save the US economy from collapsing. On the other hand, Brazilian President Jair Bolsonaro is on the lookout for the country’s third health secretary since the beginning of the coronavirus pandemic.
Long
by Financebroker
FEAR driven USDBRLI wrote this some days ago: In my opinion we will see a longer down cycle. the economy was infected with a virus long before the covid 19. Now we see the beginning results. It's like the virus is now going around in the economy. normally we had 4 to 6 years going up, thereafter we had a correction and the ill/incompetent companies became bankrupt. now, since 11 years we had no such correction....its like a over-doped market driven by central banks and politics. i think we will see a downmarket for at least 1-3 years -this would be normal - in the real world i see that for this year all expenses in the tourism sector is halted 50-70% in construction-sector is halted - and this will influence future investments and so on and so on. In the last crisis we had only one sector with big problems but this time we have nearly all of them - remember Lehman, madoff, general motors, WAMU,.... this time luckin coffee?? No, we are in the beginning of the crash - corona is not the crash its the trigger. I have seen since 1996 a lot of bubbles but never a "allthogetherbubble". Don't forget the following Next steps in the coming years: 1. crises (civil wars, currency or politics) in "second world" countries like Brazil, southafrica, Venezuela, Vietnam, Bangladesh and "great" britan (India maybe)...this will influence our economies too 2. sovereign debt crisis: US and Europe + England.....this will influence our economy too ;) 3. housing bubbles in Canada, Germany, Austria, Australia, China+-, New Zealand, Sweden, Norway (This time not the US, but a correction will take place too) point 1. seems like it will happen realy soon - i forgot to say Turkey - globally cash and investments goes back in safe heavens USD and EUR? This is infecting weak economies like brasil and turkey. I think we will soon see others too. All main softcommodities produced in Brasil will suffer. Coffee, sugar, sojbean....
Long
by foaraman
Brazilian currency lost the battle against the US Dollar.This is my first analysis of the USDBRL pair. The Real has lost value in a parabolic fashion agains the American Dollar. The Dollar appear to have reached the top of the channel however the whole global scenario does not look in favor of the Brazilian currency strengthening agains the dollar, the case seems to be of maybe a top but i can't see it going really low into the channel. Unless some real extraordinary policies change in Brazil and the economy does really well, the Brazilian currency will be in a really bad shape for purchasing power into USA.
Long
by TradesafariSocial
USD.BRL - small correction before new highsBrazilian real reached R$5.35 on April 9, as predicted in a previous post. It is now tracing a minor wave 4 that when completed will turn turn to another last move up in minor wave 5 that should elevate the currency to around R$5.45 to R$5.50. The most probable time frame for this target is around 3 to 4 months form now. This last move should complete primary wave 5 and after this the major trend should turn down. FOLLOW SKYLINEPRO TO GET UPDATES.
Short
by SkylinePro