USDBRL ReversionD1 Confluences - still waiting for confirmation on wave B
Trend line Breakout
Impulse Elliot Waves + RSI Divergence ( Orange )
Support Resistance Levels
EMA50 ( blue ) Breakout
Target on Fibonacci 61 + EMA200
Risk Return 1:1.5
USDBRX trade ideas
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.
USDBRL Daily Channel Daily Channel since March, if keep respecting it we will see around 6,30 until June
USDBRL should soon see a correction before last leg upUSDBRL seems to be in final stages of subminuette wave iii up. After it ends we should see a correction around 5.67 and then a final leg up that should reach the most probable target of 5.95-6.00. FOLLOW SKYLINEPRO TO GETUPDATES.
USD/BRL - mid. term investmentThe economic crisis is just beginning in the country. And the world's situation force the negative effect for the currency.
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....
#USDBRL - Cup Handle Formation #BRL #BRLUSD #BrasilIn the higher-level scenario, everyone still runs as usual.
The small cup-handle formation has already been worked off but the large cup-handle has only completed half of its movement.
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.
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.
USDBRL - final stages of cycle wave 5 upBrazilian Real is tracing minor wave 5 of intermediate, primary and cycle wave 5. The pattern shows a complete five wave that would complete the pattern, however minor wave 5 could extend, therefore the target to confirm the trend down would be if prices crosses down 5.20. FOLLOW SKYLINEPRO TO GET UPDATES
USDBRL - wave 5 finished, downward trend aheadUSDBRL crossed the upper line of the primary impulse waves' channel. Primary wave 5 finished with a throw-over crossing up the channel, a typical behaviour. Price should continue down in a corrective pattern. The odds for this scenario increases after prices crosses down 5.38. This analysis should be void if prices crosses up 5.72. FOLLOW SKYLINEPRO TO GET UPDATES.
US Dolar / Brazilian Real formed a cup w handle USDBRLIt formed a cup with handle and this month already achieved it target. We might expect a pull back after such a long rally
Its all about the USD....(looking thru $BRL, $MXN, $ZAR lense) The USD strength is so obvious.... Locals exarcebate their home bias in Mexico, Brazil and South Africa...
USDBRL - correction down before new highsAs predicted, prices reached 5.392 and it seems to have completed or very near to completing minor b up. When complete, prices should correct in the range of 5.20 to 5.05 before moving up a final minor wave 5 of intermediate 5 of primary 5 of cycle 5 up that should reach the range of 5.50 to 5.60. FOLLOW SKYLINEPRO TO GET UPDATES.
USD.BRL - after wave 4, opportunity for gains - keep tuned !USDBRL is tracing minor wave 4, after it finishes, minor wave 5 of intermediate 5 of primary wave 5 should lift the currency pair to levels higher than 5.30. As minor wave 4 is in early stage we will have a more precise target for minor wave 5 some days ahead. FOLLOW SKYLINEPRO TO RECEIVE UPDATES.
USD.BRL - Brazilian Real in dollars should reach 11% increaseCurrently in a minute 4 correction, the Brazilian real should dance around R$5 and R$4.60 and after that increase to up to R$5.40 during the third quarter of 2020
Exotic Post Modern "American" Currency?The success of "North American Currency" is interconnected with Exotic Post Modern "Latin American" Currency?
What is the future of Latin America Currency as a whole?
Latin American Currency or “Cash/Money” is by many standards some of most complex and significant “Exotic Currencies” on Earth. South American, Central America and the Caribbean include many independent countries all stabilizing (by decreasing the value) of their own independent and yet interconnected currencies. Currency in Latin America is perhaps the most isolated from Asian, European, Middle Eastern and even Africa and yet most closely affiliated and coordinated and mysteriously dependent to the United States Dollar. If the currencies in the “far east” are “exotic” then the “far west” is Latin America and its “jungle of currencies”.
The total gross domestic product of Latin America is about 5 to 10 trillion $USD or about ½ to ¼ the size of the United States Economy. The average person in Latin America makes about $10,000 per year.
There are three main modern accounts of “Latin American Currency History”. By “modern” we mean post-indigenous currency. The first being “post-indigenous” or “pre 90’s or 2001 a currency Odyssey” era, the second being the GREAT NEO-LATINO AMERICAN STABILIZATION PERIOD roughly mid 2004’s to 2014 a time when South America was becoming more valuable then North America in terms of respect for foreign currency. The final era is now (in the graph). The real problem is the Modern Erotic Latin American “Inflation Era” an Era that has seen “unbelievable Latin American inflation”. This started around 2014 and effects all of Latin America to this very day.
The primary Latin American Currencies are:
BRL: Brazilian Real: The “most valuable” and yet peculiarly unstable currency in Latin America.
ARS: Argentina Peso: One of the most stressful currencies on Earth loosing about ½ its value sometimes each year for years and years in a row (10+ to 20 years). Going from 1 to 1 with the $USD dollar to nearly 60 to 1 with about 6000% inflation over 20 years. The rest of Latin America maybe has no idea “how poor” and how much financial trouble Argentina is really in.
CLP: Chilean Peso: The Latin currency playing with a “historical financial sideline” a long time running back (promoting) “low value” currency with a “richer chilean latin” lifestyle.
MXN: Mexican Peso: Surprisingly the most “central” currency in Latin America. Not valued too much above or too much below any other currency. Every other currency is either “a little” above or “a little” below the Mexican Peso at 25 to 1. Mexico’s un-official exchange rate is “1 to 1” with the rest of Latin America and 25 to 1 the “highly-developed” North American World. The Mexican Peso makes it “surprisingly” easy to understand all the other currencies since its currency is “about the central or average or median currency”.
COP: Colombian Peso: One of the most important currencies in ALL of Latin America. An “explosively valuable and geographically momentous and philosophically important latin currency”. The “COP” is strategically important because of its close connection with Panama and Central America and also the “frontier of the Amazon jungle” and the only country in all of latin America that is connected to both the Caribbean and Pacific Coast and “indigenous” latin culture. A COP currency is valued at 4000 to 1 and as a result of its “low value” raises the “natural value” of ingenious life and “real food” and also increases the general “hate” of “fake money”. Many of the people in North West South America (Venezuela, Columbia, Peru, Ecuador are very independent “hight jungle” or “high mountain attitude” and have even relied on “drug” currency. Cocaine is accepted as a “natural viagra” similar to legalized marijuana or cannabis in North America and Europe. This region is a “geographic pivot” and a complex currency.
CRC: Costa Rican Colon: The Center of Central American Currency. Most currencies that are geographic centers around the world also become the “middle” or “average” currency with their two neighbors on either side being balancing currencies. So in Central America the “exchange rates” fluctuated in the “middle” if you are in the middle or the middle of Central America. Rather then “forcing” a 1 to 1 with the far far they simply peg the value of their currency to their neighbors which creates a “natural currency stability” or have a “fixed inflation” where they decrease the currency by a specific value (meaning a specific number of “pesos”) each year “on purpose” relative to another currency.
PYG: Paraguay (Guaraní): The most “worthless” currency in all of South America and also “the official center of official trade and real geographic center of South America”. 6000 to 1? Paraguay has “officially” helped all the other neighboring currencies in South America by “showing off what not to do”. Paraguay has been the least valuable currency for several decades. Can you imagine paying several THOUSAND for a coffee and police with actual machine guns on every block with no one in the street?
PEN: Peruvian Sol & GTQ: Guatemalan Quetzal: The Indigenous Currency “Heart” of Latin America is surprisingly one of the most stable and even more valuable currencies.
JMD: Jamaican Dollar: One of the most “independent” currencies in the Caribbean and a very important currency because it “floats a lot!”
UYU: Uruguayan Peso: For the first time in “history” the Uruguayan Peso is worth more and “trusted” more then its larger neighbor Argentina. Perhaps Uruguayan currency is the “once savior” of Argentina. Starting in 2018 the Uruguayan Peso was worth more then Argentinean Currency.
DOP: Dominican Peso and HTG: Haitian Gourde: Two of the most complex currencies in Latin America. Back in 2004 the Caribbean had some of the most important changes to its currency value in *all* of Latin American Currency history and Haiti and Dominican Republic are at the center of the “wild windy” “currency hurricanes” in the Caribbean.
Many of the currencies in Latin America do not follow traditional exchange rate rules or “common law” of 1 to 1, 10 to 1 or 100 to 1 or 1000’s to 1. In fact most of the Latin American Currency do not follow any “normal philosophical dealings” of “base 10”. Instead, Latin America has an entirely different “exotic exchange rate” that isn’t on a “base 10” system like in Asia making Latin American Currency “oddly” a floating social latin currency class. Currency in Latin America varies around mostly around “25 to 1” (Mexico) but also varies at 5 to 1 (Brazil) or 2 or 3 to 1 to 1 or 6000/4000/858/625/133/90/60 to 1.
Unlike the European Union there is no central latin American banking system or “latin peso like the euro” in Latin America. Its likely that a “united currency” would likely “help stabilize the United Stated Dollar” because of it would be at first competitive with North American Currency and then maybe even be more valuable then a North American Currency. Today Latin American is a Currency “jungle” of modern exotic currencies to “learn from”…
Hope this helps!
Asher
:)
U.S. DOLLAR / BRAZILIAN REAL (USDBRL) DailyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
U.S. DOLLAR / BRAZILIAN REAL (USDBRL) WeeklyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
U.S. DOLLAR / BRAZILIAN REAL (USDBRL) MonthlyDates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates.
One way the Djinn Indicator is used to enter and exit trades:
For best results trade in the direction of the trend.
The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30.
When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered.
When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered.
This trading strategy works on daily, weekly and Monthly Djinn Predictive charts.
This is not trading advice. Trade at your own risk.
cup and handle Já imaginou o dólar a 7 reais ? com essas euforias de corona vírus e incertezas futuras. Existe um grande potencial de nos virmos todos os países de terceiro mundo ter uma grande depreciação de seu câmbio. e se o USD/BRL manter acima dessa linha amarela de tendência de alta, estaremos em mares nunca navegados, e também podendo ter mais um cup and handle de longo prazo. vamos ficar de olho nesse rompimento.
Have you ever imagined the dollar at 7 real? This euphoria of corona virus and future uncertainties. There is a great potential for us to see all third world countries have a great depreciation of their currency. and if the USD/BRL keeps above that yellow uptrend line we will be in seas never sailed, as it could also have another long-term cup and handle. let's see what can happen.
