dinamic resistence, bearish divergencie-bearish divergencie in RSI
-dinamic resistence in RSI
-double top?
-objective short time 3.7
USDBRL trade ideas
push down again, hide bearish diverg.crashing with the broke down channel and the bearish red TL
a hide bearish divergencie going to execute to 3.79 awaiting for some bullsih signal
Fertile ground for high USD/BRL.The political implications of Brazil, cause even more economic instability.
Allied to this, attention must be paid to the TVC:DXY that can recover.
Continuity of the previous position. USD/BRLThe Copom kept the Selic (policy) rate at 6.50% p.a.
The Brazilian Central Bank considers it untenable to maintain current swap offer until the election.
The TVC:DXY keeps growing stronger all over the world!
the last frontier...an exagerated devaluation complication before the horizon...
play heavy the last local maximum or die :P
USDBRL Retracement lines for shortAccording to the Fibonacci Retracement lines, there is a resistance zone at $3.97. Plus, the MACD is at the "overbought" zone. Taking on count this, we can set a short position to the next support line fitting with de fibonacci lines. Take Profit on $3.5108 and a Stop Loss at $4.0259. Ratio risko reward 2.64
Keep an eye on R$ 4.20.There are no dollar reserves that hold the bullish.
(I think it will open with high gap on Monday!)
Dolar x Real next weeksDolar x Real next weeks. Buy on end july and hold to october (presidential runs).
saturation and correctionstarting a correction to the 3.4 zone
hard bounce in the fibo 0.764 recuperation
be into the channel and take a brake for the RSI saturation zone going back to 3.4
Brazilian REAL to accelerate devaluation against the USDWe suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame.
We expect an acceleration on the REAL devaluation once the 4 reais level is crossed.
Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian economy and the country's political turmoil. We can't see any fundamental that could revert the course of the REAL devaluation, on the opposite the odds are stacking against it.
Technically speaking the only positive aspect of the chart for the REAL is the overbought RSI/Scholastic for the USD. That signals a possible incoming reset of these indicators, and we would expect some sideways action for couple of months until the 4 Reais level is broken.
We favor a long USD for the next 24 months trend.
Canada is similar to BrazilCanada is basically an EM like Brazil, except without the trade from the USA.
resistence Testing for USD x BRIf the price of the paper money USDBRL pass through of the resistance line It'll goes to 4.10
BRL - To Push Higher
After the rapid ascent we saw a natural pullback with some profit taking and now look poised to resume the upward trajectory for which a possible target could be the 2015 high of 4.24
Price now at key level , seen some intra day forays above 3.75 but failed to close above the reference point
Traders , look for a new high to take further long entries. I see no reason to call a top and will be looking to see how price behaves around the 4.00 round number
USDBRL Short in 3 months to 2022As I can see from the history chart 200 til now USD/BRL will soon around month 8 go down for about 4 years .
The Central Bank will intervene in the USD/BRL.The Central Bank will offer more foreign exchange swap contracts, equivalent to the sale of dollars in the futures contracts.
Correction to be continued in the Bovespa (Brazil) indexThe Brazil index, Bovespa, often trades in tandem with the Brazilian Real. The index is showing signs of weakness. A good hedge is shorting the Brazilian Real. This is because the Brazilian economy is exchange rate sensitive. See image below to see its consistency.
If the breakdown in the Bovespa breaks the wedge to the downside beyond the minimum target, I believe it is limited to 74,000. Right into the red box. At that point I will be a major buyer
BRAZIL WITHOUT LULAA NEW AGE WILL COME TO THE SOUTH AMERICA GIANT???
USD/BRL LOW LOW LOW- BUY REAL TOMORROW MORNING
USD/BRL: Buyers ReturnThe negative outlook of early January has faded. The then expected breakout did not materialized. Moreover, buyers have returned and are even trying to trigger a new recovery phase of some sorts. For this they must convincingly clear the barrier around 3.3475 thus paving the way towards 3.4750 and perhaps a bit higher.
Although not spectacular, it is one of various signs that the USD is regaining strength, at least on a 1-3 month horizon. Keep stops nearby at 3.1520.
Primary trend: neutral
Outlook: recovery likely, moderately positive > 3.3475
Strategy: trading-buy above 3.3475
Support: 3.1520 / 3.0810
Resistance: 3.3475 / 3.4750+
Outlook cancelled/neutralized below 3.1520
FX_IDC:USDBRL
