U.S. DOLLAR / BRAZILIAN REAL REFERENCE RATE
5.5589BRLR
−0.0127−0.23%
Last update at Jul 14, 16:15 GMT
BRL
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USDBRX trade ideas
USDBRL Climbs for 8 Straight DaysOne of the most liquid Emerging Market currency crosses, $USDBRL, is advancing for an eight straight trading session through Thursday. This is the longest unbroken bull run for the exchange rate since September 2014.
It's impressive that it is advancing in today's session given the Dollar is under pressure of its own, but it seems general risk aversion is the stronger force.
A retreat in emerging markets can definitely be a risk response, but perhaps there is more persistence to the belief that central banks will normalize regardless of a little market turbulence than previously believed.
USDBRL Is this an early Buy Signal for Coffee?The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon.
At the moment USDBRL hasn't made a new High in more than 1 year and the 1W MA50 (blue trend-line) is rolling over. Can this be a very early buy signal on Coffee before confirmation comes by the 1W Death Cross? It would appear that way and in our opinion that is an excellent long-term buy opportunity on Coffee futures.
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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!
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.
