BRLUSD trade ideas
Sell USD & BUY High Interest Rate Currencies (RUB, BRL, MXN, ZARWe take a look at why the U.S Dollar is structurally on a bear trend against the High Yielding Emerging Market currencies.
Two factors are going against the U.S Dollar.
1.) Low-interest rate differentials
2.) Negative Current Account Balance + Increased Fiscal spending increasing this problem for USD.
These four setups are popular trades across investment bank trade recommendations, due to the carry trade attractiveness using the U.S Dollar and a funding currency to purchase and profit from these high yielding currencies.
Video cut out due to Tradingview's limit but you will fully understand the fundamentals driving these trades and then using technicals to time our entries.
USD / BRL Trend shwons long term high channelDuring crisis times the dollar has hit the upper channel line (as we are experiencing now), later returning to the lower channel line after a few years.
USD losing big value against BRL As we can See BOVESPA index is going well so Brazillian economy is better now, wait for a correction for a sell?!
Usd brl trend down....In short term due to us election brazilian real got some strenght even though fiscal situation remains a mess we must look at it closely... so trend down
USDBRLUptrend
High lows and high highs
At Fibo 50% waiting the candle which mid day indicate possible inverted hammer. Waiting the closing to confirm or not.
Option 1: No confirmation of the inverted hammer open potential short position on the correction.
Option2: Uptrend will move up to Fibo 100%
Watch out for a weakening BRL vs. USD Real is ready for the next leg down, USD/BRL will be > 10 soon.
The USD vs BRL, a sad case of a lost peg.The BRL is simply, not showing signs of recovery agains USD.
American Dollar is just too strong overall, and against the Brazilian currency it appears to be taking it up to the next level.
The Brazilian stock market is a bit stretched, and the whole current situation does not seem convincing enough so the external capital becomes a sure destination.
The Brazilian real gets bombarded by multiple fundamentalsThe Brazilian real doesn’t stand a chance against the US dollar’s new-found strength and the USD/BRL trading pair is one a steep climb towards its resistance level. It’s broadly expected that the prices would eventually reach their highest ranges as the Brazilian real gets bombarded by multiple fundamentals, preventing it from defending itself against the power of bullish investors. See, the US dollar remains as the world’s most chosen currency despite the hurdles it has faced this pandemic, this strains the confidence of bearish investors. However, it’s worth noting that the prices also have a potential for a steep plunge once it hits that resistance line as the US dollar as it also faces major turbulences. Meanwhile, the alarming number of daily deaths and cases in Brazil is raising concerns in the market. And to add more negativity for bearish investors, the performance of the emerging markets against major currencies isn’t helping the Brazilian real’s cause.
USD BRL TREND UPDue to fiscal economic situation in Brazil most of bonds and stocks has been sold and basically managers are looking for the best safe heave in the world... dollar. AS FAR AS I CAN SEE THERES NO MUCH IN BRAZILIAN MARKET RIGHT NOW... SO THEY MUST ALLOCATE ALL TO DOLLAR and wait a better opportunity!
DAILY ANALYSIS OF US DOLLARD/BRAZIL REALHi friends
the daily chart of this market shows with a high probability that it will experience an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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Usd Brl indecision Usd brl is at bring of an edge... either it will return to break the flag in direction of 6 reals per dollar or heading to 4.85 for a correction. Brazilian economy is not in a good shape and due to it.... dollar will be a safe currency but as dollar has entered in a sell position globally it will cause a pressure against all currencies.
BRAZILIAN REAL STRUCTURE ANALYSIS|
BRAZILIAN REAL IS APPROACHING A SUPPORT LEVEL, GOOD RISK REWARD LONG|
1- Decent long opportunity at both support 1 and support 2
2- The pair moves nicely, unlike, say, JPY pairs
3-Clear SL levels
4- Great Risk/Reward at both supports
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Double Top and Good ResistanceAs we can see USD BRL is next to a Double TOP and a Hard Daily resistance wait for a good Entry in 4H Graph
The massive number of coronavirus cases in BrazilThe bullish trend for the US dollar to Brazilian real exchange rate was reignited back in late July and is expected to remain strong even until earlier September. Looking at it, the risk appetite in the market should have already helped the cause of the Brazilian real. However, despite the regenerating risk appetite, it remains vulnerable against most major currencies, not just the US dollar. Perhaps the massive number of coronavirus cases in Brazil has sparked a great concern for the country’s currencies. Not only that, but the Brazilian president himself has been under intense scrutiny for months and is now the center of another controversy. Jair Bolsonaro is facing online criticism after he unsuccessfully tried to snuff out some questions about his family’s financial conditions even going as far as saying that he wants to punch a journalist’s face. The controversy involves the president’s wife, Michelle Bolsonaro, and Fabrício Queiroz over corruption.
USD/BRL (U.S. Dollar / Brazilian Real) -> Analysis of 23 Aug.
-> Hello Friends, here is my Month -Chart idea to USD/BRL. -> (all further information can be found in the chart)
-> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always responsible for your own investments when trading on the stock exchange! The analyses are only based on my opinion and view. Many thanks for your attention
Prices are on track to climb towards their higher resistance levThe US dollar is currently seen working hard to force the Brazilian real past its initial resistance level this Tuesday. The trading pair has been awfully bullish in the past few weeks despite the major stumbles of the US dollar. Prices are on track to climb towards their higher resistance level, reaching ranges last seen in May 2020. The surge should help the bullish investors maintain their dominance, buoying the 50-day moving average further against the 200-day moving average. The US dollar has gained traction as investors tune in closely on the trade tensions between the United States and China and the stalemate in the US Congress over the massive fiscal stimulus. Just yesterday, the White House and US Congressional leaders expressed their interest to resume their discussions on a stimulus program that would save the US economy. Meanwhile, Beijing ordered sanctions on some US Republican lawmakers, intensifying the tension between the two parties.
