Brasil - Chaos into Opportunity soon

FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
475 11 9

Something very negative is going on in Brasil for various reasons.

This will lead to a great opportunity to buy the currency, the equities, the Sugar             .

This chart suggests that if 4.00 is reached again it could be the overall bottom for the country.
This one will be intense...
agree 100%. based on fibo i would say we may see the 3.70 level (not far from your 4.00). i am building my longs btwn 3.10 and 3.05 as, according to my view, this is a 4th wave retracement getting ready for the final 5th. brl is following the lead of usd appreciation. what happens is that countries with poor performance (economics/political) like brazil are suffering the most. russia is at the same path.
Lanmar againstthegrain
Accumulating between 2.77 to its current price is a solid play.
I am not a forex specialist but a major resistance at 3.06 suggests we will not see the “below-3s” any time soon (unless the current dx correction proves to be a full trend reversal).
Lanmar againstthegrain
3.06 is not a major support level. $2.77 and about $3 is. Reversal would not be confirmed unless 2.30's are broken.
Lanmar againstthegrain
It depends on the time frame you're trading. I'm a long term trader.
you could be right. like i said, i am not a forex trader and i have limited knowledge on brazil. here is a snapshot on how I see it. building longs on low range of a 4 usually pays off. question is always how deep this 4 would go. literature suggests somewhere around 0.618, thus it could go further the “blue arrow” you see on the chart below. good luck!
hey Lanmar, it seems you were right about the correction below $3. How deep would we go in your view? I got stopped today as I wasn't expecting a correction that deep.
Lanmar againstthegrain
Hey ATG, 2.75, maybe 2.40. I am most definitely not buying anytime soon - I'll take a bite at 2.75 but will keep stops tight, then 2.40 if it gets there. It's also very possible BRL put in a bottom here, but we can't say just yet.
Very pretty
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out