USDBRX trade ideas
Upper ward trend continuation for the following weeksBlack lines represent a weekly pattern. We had a retracement to the current price level of 5,20.
I expect strong support around this level and a bounce back to the upper resistance level with an eventual break to retest the ATH
USDBRL exchange during presidencial terms (1995-2021)Dolar / Real exchange value during each presidencial mandates between 1995-2021
American currency most likely to appreciate against BRLIn this chart we can see the demand growing gradually, even finding a resistence in 5.85, this moving has formed a triangle, and when it break up the target will be in 6.89! The clear accumulation can preventing us from taking stops! By another way if we see a closure under the ascendent line the price will enter into a lateralization or even make a reversal! Good Trades! Thank you for your attention!
American currency most likely to appreciate against BRLIn this chart we can see the demand growing gradually, even finding a resistence in 5.85, this moving has formed a triangle, and when it break up the target will be in 6.89! The clear accumulation can preventing us from taking stops! By another way if we see a closure under the ascendent line the price will enter into a lateralization or even make a reversal! Good Trades! Thank you for your attention!
Usd Brazilian real trend upUsd brazilian real trend up activated ... lets see how its going to work.. but for now its trend up.
Triangulo rompido buscando níveis mais baixos/Rompimento do triangulo simetrico confirmado aguardo a busca por niveis mais baixos na regiao do circulo verde
Triangulo rompido buscando níveis mais baixos
Major Trend Reversal based on Al Brooks theory; 40% probability.Subjective analysis based on the Al Brooks method. We have a broad bullish channel, and within that channel we have an upward and downward trend. If the context continues in the same way (it will probably continue until the market cycle changes) it is possible to imagine a new bearish leg that sets up a new bearish trend within the broad bullish channel illustrated. In addition, a major trend reversal sequence (from high to low) was noted in a region of resistance of the bullish broad channel + high climate bar in the region of resistance. According to the theory, we will have a 40% chance of reaching a 2 to 1 target, however, in my opinion we have a little more probability, I would say more than 60% of reaching the first target, due to the macro context in which the broad channel discharge is inserted.
We are not coming back to normal soon, get ready.BRL could be gaining some force on the weeks but on the long run it will be hard to recover.
Politics in Brazil will dictate what will happen next.
USDBRL MACRO ANALYSIS TREND UPUSD BRL continues its trend up even though conditions are not very good for Brazilian real... it shows brazilian economy is still in track of selling... not getting any substance to get into br......For moment usd brl continues Up
USDBRL - Cup & Handle within larger, very LT Cup & Handle.
Now it's flagging after running up post-C&Hs. Looks like it wants to breakout to the upside.
Price of the dollar vs Brazilian Real BRL. Update 1 March 2021
Probability 1. Ranges from 5.34 BRL to 5.62 BRL
Probability 2. It rises quickly to 5.85 BRL, and then if it manages to consolidate at that price 6.2 BRL.
Probability 3. It falls to 5.28 BRL, with subsequent fall to 4.85 BRL. Less likely scenario.
Shorting opportunity for USDBRLsee chart
we can see that it has met with a few resistance point at 5.75 and also 5.46 level posing as strong deterrent for it to go up much higher.
I am expecting it to fall further once it breaks down from the pink dotted line and heads south towards 4.988.
Brazilian real is a buy here. Buy a basket of EMFX vs the USD Coming into the new year, the reflationary trade was working quite well. In January, we saw a period of heightened volatility that stressed emerging markets. Brazil was no exception. That said, the weak dollar trend looks likely to resume in the next few months, after the positioning shake-out that we saw in January. Many hedge funds are still on the sidelines and scared to commit capital to risk-assets. They will be forced to do so in March when performance benchmarks come out. EMFX and commodity exporters should continue to perform strongly as the US pursues the largest stimulus package in history. Recently, the USD looks on the verge of breaking out to the upside, though I would much rather fade this move with a tight stop. In Brazil specifically, the likelihood of Selic rates being raised increases the chance of currency appreciation. There are no real organic sellers above 5.40. The risk/reward is for the BRL to rally significantly from here.
Big PotentialGreat swing trade forming!
My dears, I want to show you nice postion with long-term profit. Pattern has clear levels, and targets to manage risk and make money.
USDBRL Long-term Outlook Deflation coming in Brazil, I see a deeper-than-expected contraction in Brazilian economy as Covid reality sets in.
