US Dollar overcomes first projected resistanceThe US Dollar has reached and overcome the first projected resistence around R$5.30.
It seems like its going to keep rising till the region of R$6.00, where it is going to retract to R$5.30 tops.
On the other hand if this recent overcoming fails, the US Dollar may retreat back to the next support around R$4.80.
What do you think?
Does it make sense for you?
Brazil
USDBRL - wave b should bring it to range 5.04 - 4.97, before up As predicted in our post of June 3rd, the currency reached the target range and turned up as forecasted, completing the minor wave A. It seems to have finished tracing minute wave a of minor B. If this is the case, the next move should be to the down side up to the range of 5.04 to 4.87 when minute b should complete and minute c should elevate its quote to the range 5.40 to 5.50. FOLLOW SKYLINEPRO TO GET UPDATES.
USDBRL - possible minor correction to 5.2 before last leg downAs predicted in the post of May 26, USDBRL reached a level a few points below the target for the correction. Now USDBRL is tracing minor wave A down and it is currently at the beginning of minute 4 up that could reach levels around 5.20. After this the currency pair should enter in the last leg down to complete wave A (our current target for this is at R$4.87) When wave A finishes, wave B should elevate USDBRL to the range between 5.42 to 5.55 before it continues its trend down again. FOLLOW SKYLINEPRO TO GET UPDATES.
IBOV - tendência inverte - em direção de níveis abaixo de 62,000Conforme nosso post do dia 5 de Junho, o Ibovespa finalizou o rally de correção e agora volta para o trend de baixa. O que vimos nas recentes altas foi uma onda de correção pra cima intermediária (B) que a segunda onda de 3 que completarão a onda primária 4. Entramos agora na onda intermediária ( C) que deverá levar o índice no caminho a níveis abaixo de 62,000. No caso do índice cruzar pra cima a marca de 98,00, esta análise deverá ser revista. SIGA SKYLINEPRO PARA RECEBER UPDATES.
IBOV - downtrend to new lows aheadIBOV exactly touched de 0.618 fibonacci target for wave (B) and turned down. The rally has a counter-trend profile divided in 3 waves as is expected from B waves. It is very probable that we are now going to see wave C down that should lead the index to levels below the previous wave A low. if the index crosses up 100,000, this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
O Pulo do Gato MortoMotivos para aceditar que estamos apenas vendo um "pulo do gato morto":
1) Atingimos a retração de 0,618 de toda a queda;
2) Atingimos o alvo de 100% do pivo de alta que se formou na reversão;
3) O alvo atingido está no mesmo nível da mm200 que é uma média bem forte; Além do preço atual ter atingido o alvo dos tópicos anteriores, deixamos um martelo invertido no alvo.
Todos os itens listados são baseados em Analise Técnica. Falando de uma maneira fundamentalista, o que vemos foi uma subida baseada na injeção de trilhões de dolares de todos os bancos centrais criando um descolamento muito grande da realidade. As empresas estão com números cada vez piores devido a crise do Covid. Uma hora o mercado vai abrir o olho para essa realidade....
USDBRL - probable correction up to 5.60 aheadUSDBRL reached the target forecasted on the post of May 7, where it completed intermediate wave 3. It is now tracing minor wave A down and just seems to have finished minute wave 3. It should correct to around 5.60 where minute wave 4 should end before trending down again. FOLLOW SKYLINEPRO TO GET UPDATES.
USD bottoming process.Post just to tie up with yesterdays post regarding USD/BRL Pair. Today it slipped hard against the BRL and went lower however i think this will be a longer process until a pivot low is formed, but this zone where we are now is a possible reversal zone. Maybe the caos regarding the protests an looting can be adding more fuel to this selling however is has bled a lot, eventually a counter force may show up.
LONG $GOL, longtermBrazilian airline stock $GOL has a perfect set up, bought it last night, and its up 20% already!
Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely!
Price Target: $10-$20
American Dollar versus Brazilian Real.Well, finally institutions stopped selling and maybe starting to buy dollars again here in Brazil. Simple analysis, after this massive selloff of USD, RSI is pointing to a recovery ahead of price AKA bullish divergence. Not only that, prices is testing a previous range high zone, and converging with this really oversold RSI. I believe it is a good time to stack some USD for the long run, as the caos in the world is just getting started !
TX: Ternium is a huge buy here...I think $TX shares are likely to benefit from increasing inflation and higher interest rates in their target markets, caused by the huge money printing and govt spending needed to survive the Coronavirus induced recession. As activity picks up, construction in these markets will be a very profitable endeavor, specially as real estate prices tend to go mostly higher due to the terrible combination of high interest rates and high inflation in these EM nations. Additionally, steel itself is likely to go up due to the infinite QE effect over time as well.
Valuation for $TX was very attractive recently, and I've been buying it for some time. Currently one of my favorite stock ideas.
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Cheers,
Ivan Labrie.
EURUSD 1H: Trade SetupEN:
Suply/Demands Zones:
. fresh supply at 0880
. demand zone at 0780
. demand zone at 0740
I think is just better to wait for the price to hit the demand zone and then go Long, going Long/Short at the moment is to risky in my opinion, so if you decide to go Long/Short dont risk more than 20 pips. Just play safe!
PT:
Zona Procura/Oferta:
. Nova oferta em 0880
. Zona da Procura em 0780
. Zona da Procura em 0740
Na minha opinião acho que é melhor esperar que o preço chega a zona da procura e depois ir Long(comprar), neste momento ir Long/Short (comprar/vender) é arriscado na minha opnião, por isso se decidires ir Long/Short acho que não vale apena arriscar mais que 20 pips. Simplesmente vai seguro.
Petrobras (Brazil) - possible more than 10% short-term gainsPETR4 seems to be tracing minute wave 3 up of a C counter trend move. If prices crosses up 18.60, the odds increase for this scenario with the most probable target around the 22.00 level. If prices crosses down 16.60, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
Itausa (Brazil) - critical junctureITSA4 seems to be tracing a bearish triangle. If this is the case we may see another small leg up that would end wave e and also (B) and after that a strong move down. If prices crosses down 8.15 the odds will point to more certainty that prices should continue down. If prices crosses up 9.90, this analysis should be revised. FOLLOW SKYLINEPRO TO GET UPDATES.
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.
IBOVESPA Brazil - corrective up trend finished ?Minuette c wave of minute iv correction up was an extended one and it seems to have now finished. The index should continue its path to levels below 62,000, with a first nest stop at around 70,000. In case the index crosses 78,700 this analysis should be reviewed. FOLLOW SKYLINEPRO TO GET UPDATES.
VALE3 (BRAZIL) - final stages of the counter trend rallyVALE3 counter trend rally is reaching the end. The evolution This last leg up can finish an anywhere from the current level to up to 50 before continuing its trend down. If price crosses up 50.50, this analysis should be void. FOLLOW SKYLINEPRO TO GET UPDATES.