dollar real brazil olympics scenariosame as the other prevision, but in a fastest timeframe with chaotic olympics 'usain bolt' hypothesis
USDBRL trade ideas
Updating BRLMorning!
The FX_IDC:USDBRL in the 3rd wave formation this week targeting 100% with optimism!
Anyway, careful if it breaks the blue trend, new strategy must be formulated.
Trade wisely!
Nice Opportunity on BRLFX_IDC:USDBRL Initiating Jully with a nice op. to purchase until R$3,35.
Stay tuned.
Trade wisely.
Brazilian Real: Staying short (Target Defined) Good probability we see cont´d weakness in the real into the 3.20´s.
BRL update 3rd wave formingFX_IDC:USDBRL Targeting 3.63? Can be more!
It seems we have a bullish period now, in this third wave of this trend is a realistic projection but I'm optimistic to expect a 3rd larger than is projected.
USDBRLNeutral as we are in a congestion zone and after reaching first downside target.
Further consolidation expected, because:
- Brazil in limbo about which direction the country will be heading
- Low commodity prices still pressure revenue for the country
BRL vs USD on 8 month's highs after descending triangles' baseBRL against USD hits at 3.4850 to flash a fresh 8 months highs.
USDBRL forms a descending triangle pattern which is bearish continuation trend.
After the pair (USDBRL) breaking below the baseline of descending triangle it has been losing upswings momentum completely.
Leading oscillators are also converging to these dips signal to momentum in selling pressures.
Current prices have slid way below DMAs, while MACD's bearish crossover indicates ongoing downtrend to prolong further.
The occurrence of "shooting star" at 4.0093 and "hanging man" pattern at 4.0166 on monthly charts signal more bearish potential as leading & lagging indicators substantiate the bearish pressures.
Contemplating above technical observations, we could foresee more dips in the days to come, the best way to tackle this trend is to remain short in mid-month futures at every rallies for targets upto 3.1980 levels.
Brazilian Real evidences 7-month highs in just 1-monthOn daily charts, USDBRL has formed descending triangle.
The prices have been consistently below 21DMA, price slumps have remained below sloping side of the triangle ever since it has dropped from the resistance at 4.0145 levels.
RSI is in convergence to the declining trend. While, %D crossover on stochastic oscillator signals selling momentum is intensified.
On a broader perspectives, "shooting star and hanging man" patterns were traced out back to back.
Ever the formation of these bearish patterns, we've seen huge dips as the rejection of resistance at 4.0145 levels brings in little weakness in this pair.
RSI and Stochastic curves are also in conformity to the these dips,
Bearish crossover (%D at and %K at ) seen on stochastic above overbought zones.
MACD is in an attempt to show bearish convergence too.
Overall, as we've seen dips from the peaks of 4.2476 to the current 3.5637 levels (almost 16.11%), which makes the BRL the "7-month highs" in just a span of one month.
For now, the trend looks more bearish bias as it has broken out the triangle baseline at 3.58 levels.
The USDBRA is heading for 4.09After breaking the long time uptrend line,i think the USDBRA is in a bearish market
but the price would never reach the final destination without correction.
I think the price is in a stucture
the BAT told us 4.094 is a good position to short
A Short High probability trade on the USD/BRL.Cup & Handle pattern almost complete, from the highs of September 2002. A short position at 3.6250 would be a high probability trade with a target at 3.4000.
USDBRL Bearish market - A signal to sell latin American?As The Olympics Loom, Brazil Lurches From One Crisis To The Next
USDBRL - Support served as pivot and may throw price to R$ 4.10There is a minor resistance (blue traced thin line) that needs to be broken.
Happy trading!
