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BRL

U.S DOLLAR vs BRAZILIAN REALHowdy fellas, I am Brazilian by origin so this matters to me. It's a chart that I always check, as I every now and then exchange these currencies (as well as the euro related to Brazilian real). Now we all know at some point the dollar index needs to take a step back and retrace. It could continue to push higher against other world currencies, but that wouldn't be very good. So unless we're headed for a new world depression, I believe the Gods will allow it do drop. With that being said, a very decent retrace is the 30% mark that brings it down to the $4 bucks. But if it repeats the 60% retrace as it did back in 2008 we're looking a much lower numbers. Take a look at the chart my friends and let me know what you think. Trade thirsty!
by mr_willmedina
BRLJPY Long BRL and JPY seen as debt ceiling event risk hedgeThe international capital movements continue to be driven by carry trade opportunities. For hedging the debt ceiling event risk, traders like BRL, CNH, and JPY, where the first two provide the right beta to equities. While BRL provides a carry cushion, it is a bit more overvalued in some of our short-term models than CNH. The upside for CNH is likely viewed as reserve diversification hedge to the USD, especially if policymakers take the negotiations down to the wire.” The Brazilian Real declined substantially after the minutes of the last meeting of the Brazilian central bank (Banco Central do Brasil, BCB) on Tuesday took a surprisingly more dovish tone than the original statement after the meeting had suggested. A break below 15.425 is the beginning of the bearish trend, and confirmation that the current bullish trend a bulltrap was... Real has moved stabil above 22.60 ,made 2HH and 2HL( 23.718 and 24.801) A break above 31.402, and 2 consequent closing days above this area delivers the final confirmation, that the Bullish trend has been maintained. First Traget is 63,546, as the Bears took control over the bulls on August 2009 The strategy is trend following bullish we can position size the pullbacks The stop shall be put as soon as possible on break even ,if we pass 36,7 successfully. (See green route!)
Long
by DaveBrascoFX
2
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. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract --------------------------------------------------------------------------------------------------------
by TradingShot
3
ridethepig | BRL for the Yearly Close📌 BRL for the Yearly Close This diagram illustrates the LT map for those in BRL and tracking Brazil for good opportunities into 2021. According to my INR maps, again a very similar cycle count which is decisive for profit taking: The BRL now has the attacking position at the highs after completing a multi decade 5 wave cycle from 1.50 towards 6.00. But here is the weakness, we are already seeing profit taking as the USD enters into a structural decline, we have yet to mention the advantage Brazil has with particular focus on the agriculture side. The correct ways to play this in equities also come from companies like $ALTA which was one of the first gold mining companies to capture the 2020 flows in Brazil. It is reaching an initial target to that in the expectations, now add BRL appreciation to the mix and you can see how we arrive at the 600% targets: A very good luck to those looking for opps in Brazil, the currency is not afraid of the flank attack and note anyway that you can capture value on Brazilian exports into countries like USD and MXN. Just note how nearest support at 4.63x is -10% from here and the extension below at 3.9xx is -23% from current levels, both are in play for 2021. Thanks as usual for keeping the feedback coming 👍or 👎
Short
by ridethepig
5
BRLMXN | 2021 Grand Slam Trade📌 Another classical procedure can be witnessed here, the combination of fundamentals and technicals, of BRL and MXN, and a live example of an instrument finding a floor for the long run. This advance would (and of course I am considering) be worth attacking and having some involvement rather than laying bare the base of Brazil and Mexico. The correct play is to wait patiently for a confirmed break and hold long enough for the Peso to flee. Be long Brazil, stay long the Real and play the break as follows: Firstly, the BRL diagram which is showing as with a few other currencies signs of bottoming versus USD, and the following two macro formations of Brazilian inflows and Mexican outflows. These drivers are going to dictate the pace and will allow a breakout on BRLMXN for a +50% move. This is not talking in pips, pips are for pipsqueak's... this is a macro swing, a full blown % move which starts as a hedge and when it begins to work with the break it means we can go HARD. Thanks as usual for keeping the feedback coming 👍 or 👎
Long
by ridethepig
3