BRLUSD trade ideas
USDBRL Triangle BreakoutPossible short position on USD BRL, waiting for breakout. There are a lot of important decisions in the next weeks around social security (retirement reform) and curruption judgements.
Triangle at USD BRLWaiting for breakout, posible short position. There are a lot of decisions on brazilian congress in the next weeks around social security (retirement reform) and curruption decisions.
TESTING THE FUNNEL ON USDBRLJust discovered Francis Hunt for a week and trying to understand . Think I'm going to get it.
Thanks , @FrancisHunt.....
LOOKS LIKE A LONG
Counter Trend and Trend Follow Signals : USDBRL (Daily)Both signals on the same chart:
B -> Counter trend buy
S -> Counter trend sell
Buy -> Trend follow buy
Sell -> Trend follow sell
Counter-trend signals : USDBRL (Daily)Counter trend trades should fall in one of the two cases:
-> a quick and fast trade against the primary trend, expecting a pull back from the extremes.
-> reversal points
With that in mind, make sure you apply proper money management.
Trend-follow signals : USDBRLFirst long signal 3 days ago after a few months of sell signals.
If you are a trend following trader, find instruments and timeframes that satisfy your trending filters and just follow these signals. But remember:
consolidation period can be brutal to a trend following strategy. Also, the longer the trend, the greater the chance for a reversal.
With that in mind, make sure you apply proper money management.
Head and Shoulder incomingHndS formation in the next months, now its time to purchase to take a little profit at least the minimum described in the chart. Thx
Thx
USDBRL Long opportunity on DailyI believe this pair will bounce off the established horizontal support and headed towards .38 retracement. Be careful with a breakout to the downside, a SL at the 3.09 area should keep you safe
Long idea USDBRLThis will go up ... watch for a re-test of the bullish trend line and go long... target in black numbers.
Regards!
USD/Latin American currencies poised to reboundWe have in Red (USDBRL) and Orange (USDCLP) the two strongest currency in latin american recovering from recent devaluation in a pronounced way in comparison with Dolar Index (Green). But fiscal situation in Brazil is getting worse, the political problem after impeachment of last president is to approve a series of bills to cut social expenditure like Health and Education, while continuing rolling over debt. Debt-to-GDP ratio is getting to 70% this year, in 2014 it was 55% showing significant deterioration.
While Business Confident Index (BCI-OCDE) improved this year, I have no reasons to believe it will last, in my vision is more related to a psychological vision that impeachment will bring structural changes, but the new goverment don't discard raise taxes.
In Chile (USDCLP) on the other hand, without impeachment, has the worst BCI in the world right now. showing the profound crises Latin American is facing. With all the majors countries in crises Mercosur business is stagnated.
Time to LONG Latin American Pairs.
Sources:
Debt-to-GDB Brazil: BCB 2016
BCI-OCDE: data.oecd.org
USDBRL UpdateI want this one cheap. I am not buying on any breakouts. I want to go long at an extremely low risk entry.
