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Brazilianreal

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.
Long
by TradesafariSocial
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.
Short
by SkylinePro
US Dollar x Brazilian Real - Gravity will have its say?The USD has reached a strong resistance once again. Besides, the USD price has gone too far from the EMA200, there we can say the USD has become 'expensive'. To enforce my short-term bearish view, comes the divergence between the price direction and both MACD and RSI. That's a strong indication that this bullish move has exhausted its strenght during its climbing. Let us see if gravity will have its say in this situation. Resistance areas: R$4.30 ~ R$4.60 Support areas: R$4.00 ~ R$3.80
Short
by FernandoHilario
1
[USDBRL 6% LONG] Reversal + Price Prediction w/ Spectro™ MThis trading strategy is using Spectro™ M The blue background means a strong reversal zone. That's our first confirmation. Now we see the Specter Clouds appearing no only telling us that this is too oversold but also it predicts the organic price, so it predicts possible future prices. I like simple trading, it's a clear uptrend, Brazil is a damn mess right now, trust me I know, I was raised there before moving to the USA. Plus it's an ascending triangle and the price is close to a support! There are no Spectro™ M signals or alerts, but hey life isn't all about automation, right? Entries anywhere near 3.72 and stop-losses anywhere close to the ascending triangle support line. Profits go from 0.8% all the way up to 6% based on your strategies risk tolerance and exit rules. Specter Cloud targets are: 3.752, 3.779 and 3.824 Ascending Triangle Target at ATH: 3.93 ATH close to 3.9666(good omen there) Liked it? Give it a shot at, it's really affordable - you wouldn't believe if I told you: hypester.org
Long
by spectertrading
1
Brazilian REAL to accelerate devaluation against the USDWe suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame. We expect an acceleration on the REAL devaluation once the 4 reais level is crossed. Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian economy and the country's political turmoil. We can't see any fundamental that could revert the course of the REAL devaluation, on the opposite the odds are stacking against it. Technically speaking the only positive aspect of the chart for the REAL is the overbought RSI/Scholastic for the USD. That signals a possible incoming reset of these indicators, and we would expect some sideways action for couple of months until the 4 Reais level is broken. We favor a long USD for the next 24 months trend.
Long
by Allenvik