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BRL

Aggressively buying Brazil for the long termHere we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 50 and 61.8% weekly retracement levels at 5.09; and we can expect a continuation. There is scope here for as high as 7.25-7.28... here actively working a lot on the buy side in Brazil. Best of luck, hope this helps and lets see how it goes.
Long
by ridethepig
2
BRLMXN has plenty of upside...Here we have a very wide ABC in play with the C leg finishing at 7.25 - 7.28. From a technical perspective, the market has presented a flawless 5 wave impulsive move with a three wave retracement. Those who are betting on the upside will be coming in here at the 38.2% level at 5.09; and we can expect a continuation. There is scope here for as high as 7.25-7.28... here actively working a lot on the buy side in Brazil. Best of luck, hope this helps and lets see how it goes.
Long
by ridethepig
3
BRLJPY ready to move higherHere we can see the end of a 5 wave pattern to the downside and the AB leg of the ABC correction complete. So what does this mean? Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially if you are a believer of the bearish Yen story. Best of luck those who like to play EM, we are in for large moves this year on the EM FX board. Please remember to like and comment, thanks!
Long
by ridethepig
[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
BRAZILS STRETCHED RISK PREMIUM MAKES FOR "REAL" LONG OPPORTUNITYBRAZILS RISK PREMUM IS STRETCHED See "Summary Statistics" in doc below www.bcb.gov.br BRL's risk premium (currently highest across EM peers) looks stretched, given a continued pick- up in growth and reducing near-term political risk. COP's recent rally was likely driven mainly by a reversal of heavy short positioning, without a material shift in the country's economic and political outlook. Recent data releases showed that 2017 exhibited the slowest annual growth since the 2009 crisis (1.8%Y) and growth should remain sluggish in 2018, at 2.3%Y. Uncertainty about the upcoming elections poses an additional challenge for the investment outlook, given that implementing structural reforms could be key to helping to correct the fiscal deficit. The risk to this trade is that Colombia's economic data surprise to the upside, leading to further appreciation in the currency.
Long
by itzbert
BTC/BRL (Foxbit) – 4hrFibonacci Extension from previous 2 lows to previous ATH confirms consolidated support at ~14.100 with next support/resistance at ~14.500. Next leg up takes us to ~15.000 psychological resistance and fib extension with final bull-run resistance at ~15.700. The Brazilian markets have a tendency to play catch up, and when they do, they usually overshoot targets in both directions, but particularly on the downside. We see less volume to support this bull run than previous runs, however there's still enough to push us to ~15.000 in my opinion, or at least close to it over the coming days. If you're not already in, we may head sideways for a day around the 14.500 support line. On the hourly chart entries in the cloud 14.270–14.380. Should this trend line hold, we'll arrive at the 15.000 mark by 6am tomorrow morning (Brasilia Time). The only way I can see this happening is when Asian markets come online and push this bull further throughout the night. If we make 15.000 by tomorrow morning, expect a pull back to to 14.500 before continuation of trend.
BLong
by billaddison
4
EURBRL November 2016EURBRL November 2016 the bear roar from march 2016 and break 0.618 suport level. Are this pair are hopeless for bullish? at daily chart, we can see euro vs brazillian real already break channel down at november 11 and failed to break support level at october 25 this level also a good support for brazillian real at july 2015 so this breakout are a very good sign for bullish, but we need more reason to take this price movement as reversal, since it was a very strong bearish perform at EURBRL chart daily If we look for bigger timeframe EURBRL analysis (weekly), this level also as resistance at black friday 2008 and it's 0.5 fibonacci from september 2010. So this strong support will be our basic forex outlook at EURBRL trading strategies and this is also a good sign that the big correction already over at EURBRL 4 hour timeframe, EURBRL perform channel up, after success break the big correction to take a good setup, we need to wait some retracement around .618, and we may calculate a setup timing using a time cycle, time cycle are a good forex forecast technical analysis tool . If EURBRL made a correction for this week, the best bullish position at 61.8 fibonacci support, this level also a very good support line that hold bearish movement at Aug/Oct. 3.6030 are best long position for this month at brazillian real to analyze target and stop level, we need to look at bigger timeframe at daily EURBRL chart, and combine with fibonacci target as we see the 1.168 are CSR level at November 2015 and April/June strong support, 3.9209 are best target for bullish at EURBRL with stoploss below last low at 3.4739 this trading plan R/r ratio : 2.44
Long
by AzrulAzir
1