CUP & HANDLE FORMATION FOR USDBRLHi all, cup and handle formation for USDBRL, after breaking the trendline at 4.30 i guess price will rocket around 6.94
BRLUSD trade ideas
enought realtry agaaaaaain the apreciation of the REAL to 3.35
+bearish divergencies acummulated on weekly RSI ( and double resistence in RSI)
+0.764 limit fibo recuperation touched and no breaked up
STOP LIMIT over 4.00
Short position in USD/BRLStrangely the dollar rises against Real.
Waiting for the actions of the Central Bank for normlizar and match the movement of other currencies.
[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)
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Long position in USD/BRLOnly the Chinese news and the domestic political scene of the Brazilian elections brought the dollar down.
The setting is still high.
Correction Pair Usd / BrlReactions of trade war, beginning of the process for election of president, inflation, unemployment will be decisive for continuous fall of the Pair.
USD/BRLAnticipating price extension to 127% fib area which is a major price point. Weakening of the USD can also be attributed to this trade idea. This trade is for demonstration and educational purposes. Trade at your own risk.
Long position in USD/BRLThe TVC:DXY is strong!
If the BCB does not interfere greatly with the exchange rate, you can get to the target right away.
USD/BRL Short IdeaAnticipating price extension to 127% fib area which is a major price point. Weakening of the USD can also be attributed to this trade idea. This trade is for demonstration and educational purposes. Trade at your own risk.
dinamic resistence, bearish divergencie-bearish divergencie in RSI
-dinamic resistence in RSI
-double top?
-objective short time 3.7
push down again, hide bearish diverg.crashing with the broke down channel and the bearish red TL
a hide bearish divergencie going to execute to 3.79 awaiting for some bullsih signal
Fertile ground for high USD/BRL.The political implications of Brazil, cause even more economic instability.
Allied to this, attention must be paid to the TVC:DXY that can recover.
Continuity of the previous position. USD/BRLThe Copom kept the Selic (policy) rate at 6.50% p.a.
The Brazilian Central Bank considers it untenable to maintain current swap offer until the election.
The TVC:DXY keeps growing stronger all over the world!
the last frontier...an exagerated devaluation complication before the horizon...
play heavy the last local maximum or die :P
USDBRL Retracement lines for shortAccording to the Fibonacci Retracement lines, there is a resistance zone at $3.97. Plus, the MACD is at the "overbought" zone. Taking on count this, we can set a short position to the next support line fitting with de fibonacci lines. Take Profit on $3.5108 and a Stop Loss at $4.0259. Ratio risko reward 2.64
Keep an eye on R$ 4.20.There are no dollar reserves that hold the bullish.
(I think it will open with high gap on Monday!)
Dolar x Real next weeksDolar x Real next weeks. Buy on end july and hold to october (presidential runs).
saturation and correctionstarting a correction to the 3.4 zone
hard bounce in the fibo 0.764 recuperation
be into the channel and take a brake for the RSI saturation zone going back to 3.4
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.
Canada is similar to BrazilCanada is basically an EM like Brazil, except without the trade from the USA.
