EURBRL trade ideas
Falha de topo EUR/BRL e USD/BRLAcredito que esta falha de topo no mensal do EUR e USD com o BRL nos levará pelo menos até a metade dessa perna de alta para de lá definir se o Real volta a apreciar indo testar o fundo ou retoma a alta. Mais provável na minha opinião é o fortalecimento do Real daqui em diante.
Weigting the style Pure technical brief forecast that expects downturn or an uptrend continous trend. The reversal is less likely, there exists a support line, very strict one, tho. possible. Raising FED rates might affect capital more likely to go into Brasil, therefore not strongly support BRL appreciation.
Expect the Brazilian Real to underperform the EuroWe have an H&S on EURUSD, and an H&S on BRLEUR. Why short the Euro when you could short the Brazilian Real? I'll just short both; overweight short Brazil Real.
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
EURBRL INTO BIG SUPPORT ZONE - HIGH PROBABILITYThe EURBRL comes into BIG Support Zone. The RSI Indicator shows Positive Divergence.
Big Support Zone around: 3.50
Fist Resistance zone is around: 3,95
Second Resistance zone is around: 4,50
Go Long after the price breaks the red line. This gives confirmation higher prices will come.
There is a good risk to reward ratio. First Profit Target is around 3,95 and Second Profit Target is around 4,50
