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U.S. Dollar / Brazilian Real

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USDBRL trade ideas

The dollar country!For this one if the trend is your friend fibonacci must be your girl friend, we can see a very healthy accumulation on the weekly chart since may, the price tested the 4,94 about 2 times now and doesn't seem to be slowing down for another re-test any time soon doted line = 20%, dashed line = 50%, straight line = 100%, if the price breaks the 50% trend line we can expect another re-test at 4,94 however if the price breaks the 100% trend we should look for high pivot point and a down trend reaching for 4,25 but we can clearly see that this is just an accumulation and the trend is up so far, if we break the 6 dollar resistance it's pretty much a no coming back type of run.
Long
by JP17S
Brazilian economy in collapse soonUsing the cup pattern and fibonacci retracement as a basis, there is a great chance that the BRL will continue to depreciate in the coming months. Notice that the dollar price is consolidating in the gap between 0.5 and 0.618 fibo retracement, within the uptrend. Most likely late 2021 or early 2022, the BRL will break through the 0.618 fibonacci resistance and head towards 1.0 fibonacci retracement (1 dollar = 8.5 R$). If that happens, Brazil will in fact go into economic crisis at the end of 2022 and beginning of 2023.
Long
by renatorez2
4
BRL Short - Further downside as Brazil's economy fallsSUMMARY: Short, Brazil (a country I love) is plague with multiple challenges - a big list - for this reason we will see further downside. Note, Brazil has capital controls in place to prevent capital flight, otherwise we would see the BRL crash to the ground. -- Technical -- It is below all the EMAs and MAs on the "weekly", very bearish, and has been under the Guassian Channel for years - bearish signal. Something like Bitcoin would help protect peoples' wealth, especially poorer people. Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<---- *Not financial advice and is for educational purposes only. Always DYOR.
Short
by Tez8
3
USDBRL Climbs for 8 Straight DaysOne of the most liquid Emerging Market currency crosses, $USDBRL, is advancing for an eight straight trading session through Thursday. This is the longest unbroken bull run for the exchange rate since September 2014. It's impressive that it is advancing in today's session given the Dollar is under pressure of its own, but it seems general risk aversion is the stronger force. A retreat in emerging markets can definitely be a risk response, but perhaps there is more persistence to the belief that central banks will normalize regardless of a little market turbulence than previously believed.
by JohnKicklighter
USDBRL Is this an early Buy Signal for Coffee?The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon. At the moment USDBRL hasn't made a new High in more than 1 year and the 1W MA50 (blue trend-line) is rolling over. Can this be a very early buy signal on Coffee before confirmation comes by the 1W Death Cross? It would appear that way and in our opinion that is an excellent long-term buy opportunity on Coffee futures. ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** -------------------------------------------------------------------------------------------------------- !! Donations via TradingView coins also help me a great deal at posting more free trading content and signals here !! 🎉 👍 Shout-out to TradingShot's 💰 top TradingView Coin donor 💰 this week ==> fract --------------------------------------------------------------------------------------------------------
by TradingShot
3