USDBRL trade ideas
USDBRL......up, up, up!USDBRL breaking to the upside in what could be a powerful move higher in the medium term. Weekly stochastics look overbought so it might be worth waiting for a pullback or re-test of the downtrend to get onboard.
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.
