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USDBRL

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.
by SkylinePro
The Brazilian real makes a comeback against the US dollarThanks to the efforts of the Brazilian central bank, the Brazilian real makes a comeback against the US dollar. The broader strength of the greenback in the global market is no match for the determination of bearish investors to recover. Considering the US dollar to Brazilian real trading pair’s sharp decline, the pair should reach its support levels by the second half of the month. The Brazilian real is gaining strong momentum after struggling thanks to the previous interest rate cut of the Latin American country’s central bank earlier this year. The currency is feeling the pressure from both political and economic factors; the looming recession in the heavyweight country and the intense controversies regarding the Brazilian president and anti-lockdown protesters. As for the US dollar, it’s reign is about to end as other currencies thrive and the risk sentiment continues to prosper along with the hopes for a speedy recovery of the global economy.
Short
by Financebroker
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 !
BMFBOVESPA:DOL1!Long
by TradesafariSocial
USD/BRL will bounce back from an uptrend channel support lineThe pair will bounce back from an uptrend channel support line, sending the pair higher towards its all-time high. The largest economy in South and North America are facing challenges with the coronavirus pandemic. Brazil placed 3rd while the US has the largest COVID-19 cases and deaths around the world. The fear of contamination had forced their government to temporarily shut businesses or reduced their working capacities. In the US, the shutdown caused its economy to shrink by -4.8%, the biggest since the Great Recession in 2008. Meanwhile, Brazil is expected to plunge by 6% in Q1. Between the two (2) countries, the US will thrive the most. US President Donald Trump has now the backing of both the Republicans and Democrats as officials try to save the US economy from collapsing. On the other hand, Brazilian President Jair Bolsonaro is on the lookout for the country’s third health secretary since the beginning of the coronavirus pandemic.
Long
by Financebroker
Long $SGG Sugar ETF at 33.50 or 10.30 #Sugar Futures Spot PriceSugar and Brazil Relationship: Since Brazil has been the leading producer of sugarcane in the world, the value of the Brazilian Real plays a significant role in the price of sugar futures. Weakness in the Brazilian Real against the US Dollar encourages Brazil's sugar producers to boost exports. The logic is that a lower Brazilian Real incentivizes Brazilian farmers to produce more sugar to export sell for US Dollars. However, it's likely that the Brazil Real will appreciate against U.S Dollar over the next couple months based on technical analysis and possible economic intervention from the Brazilian Government. - U.S. Dollar/Brazil Real pairing or BRB index showing many downside trend change signals here such as bearish RSI divergence since early March on Daily chart. Weekly chart showing RSI and MACD curling down from record highs with Momentum also curling down but after a double test of highs Growing Ethanol Demand: In July 2019, India announced they will work with Brazil on ethanol production. Using more cane in India to produce ethanol, instead of sugar, could reduce the global supply of the sweetener. 32M sugarcane could be used to produce ethanol and electricity instead of sugar in the next year. The joint venture, named BP Bunge Bioenergia, will manage 11 cane processing plants in Brazil with capacity to crush 32 million tonnes of cane per year - Higher crude oil/gasoline prices benefit ethanol prices and may prompt Brazil's sugar mills to divert more cane crushing toward ethanol production rather than sugar production. - India and many other countries are boosting ethanol output for sanitisers on coronavirus pandemic Supply Curbs: In July 2019, India, the second largest producer of sugarcane, announced they will create a buffer stock of 4 million MT of sugar for 1-year starting Aug 1 in an attempt to limit supply and support domestic sugar prices. Also, further supply disruptions are expected in India due to Coronavirus Lockdown. - The Indian Sugar Mills Association (ISMA) reported Wednesday that sugar production in India dropped sharply by -22% y/y to 23.27 MMT during Oct-Mar - Sugar production in Thailand, the third largest producer of sugarcane, is expected to fall 28% to a nine-year low of 10.5 million tonnes in the current crop season as drought curtails cane supplies India Sugar Subsidies: In August 2019, Brazil, Australia and Guatemala have complained again to the WTO to set up dispute panels to rule on India’s sugar subsidies. - A change in WTO trade dispute status to Panel Composed on October 28th supports the global price of sugar. This news catalyst increases the possibility of removal of India sugar subsidies. If removed, India sugar stockpiles could fall thus decreasing global supply. Now in April 2020, we can assume the dispute must be in the further into review process Real-Time CashFlo Twitter Post: twitter.com
ICEUS:SB1!Long
by CashFlo_Trading
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
Global USD valueStrength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea. There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown. Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed. The area between CAMS1 and CAMR1 is regarded as neutral market. A break above those levels will establish a bear or bull market. Demark trendline needs to connect 2 corresponding TD N points. While here we see disproportion (bottom TD point is only N1) so I dont give much credence to that trendline. If both USD and EUR will keep falling we will see a range on EURUSD. The question is which one will fall faster. But now we see a pivot stop on USD fall but EUR is likely to keep falling on Monday as it is below April value zone. Global EURO value index (see my previous post) started to exhibit great daily instability since early March (each days candle has long wigs either way). I excluded CAD as its economy is much intercorporated with the US one and GBP, CHF being a EURO clones. But still inclusion of those doesnt change the picture much.
by ICFX
3
U.S. DOLLAR / BRAZILIAN REAL (USDBRL) DailyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
by Dinjin
U.S. DOLLAR / BRAZILIAN REAL (USDBRL) WeeklyDates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will miss its prediction date by one candlestick. If multiple Djinn prediction dates are missed and are plowed through by same color Henikin Ashi candles the asset is being "reset". The "reset" is complete when Henikin Ashi candles are back in sync with Djinn price high or low prediction dates. One way the Djinn Indicator is used to enter and exit trades: For best results trade in the direction of the trend. The Linear Regression channel is used to determine trend direction. The Linear Regression is set at 2 -2 30. When a green Henikin Ashi candle intersects with the linear regression upper deviation line (green line) and both indicators intersect with a Djinn prediction date a sell is triggered. When a red Henikin Ashi candle intersects with the linear regression lower deviation line (red line) and both indicators intersect with a Djinn prediction date a buy is triggered. This trading strategy works on daily, weekly and Monthly Djinn Predictive charts. This is not trading advice. Trade at your own risk.
by Dinjin