The Copom kept the Selic (policy) rate at 6.50% p.a. The Brazilian Central Bank considers it untenable to maintain current swap offer until the election. The TVC:DXY keeps growing stronger all over the world!
There are no dollar reserves that hold the bullish. (I think it will open with high gap on Monday!)
Only monthly pin reversal will be taken seriously
We suggest that the Brazilian Real is in a long cup&handle trend formation here showed on the monthly frame. We expect an acceleration on the REAL devaluation once the 4 reais level is crossed. Other fundamental aspects in favor of this view are the Brazilian Government several recent failed attempts to revert the current negative patter, the decaying Brazilian...
If the price of the paper money USDBRL pass through of the resistance line It'll goes to 4.10
After the rapid ascent we saw a natural pullback with some profit taking and now look poised to resume the upward trajectory for which a possible target could be the 2015 high of 4.24 Price now at key level , seen some intra day forays above 3.75 but failed to close above the reference point Traders , look for a new high to take further long entries. I see no...
Narrowing market-range. #Bolsonaro2018
As I can see from the history chart 200 til now USD/BRL will soon around month 8 go down for about 4 years .
The Central Bank will offer more foreign exchange swap contracts, equivalent to the sale of dollars in the futures contracts.
The Brazil index, Bovespa, often trades in tandem with the Brazilian Real. The index is showing signs of weakness. A good hedge is shorting the Brazilian Real. This is because the Brazilian economy is exchange rate sensitive. See image below to see its consistency. If the breakdown in the Bovespa breaks the wedge to the downside beyond the minimum target, I...
The negative outlook of early January has faded. The then expected breakout did not materialized. Moreover, buyers have returned and are even trying to trigger a new recovery phase of some sorts. For this they must convincingly clear the barrier around 3.3475 thus paving the way towards 3.4750 and perhaps a bit higher. Although not spectacular, it is one of...
We 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.
$PBR está perdiendo un poco de fuerza al alza y empieza a mostrar signos de debilidad al no poder superar los 8.78. Antes de continuar con las subas, es posible que se tome un descanso retrocediendo hacia 2 niveles de soporte claves: 8.23 y 8.04. Para ello, antes debemos esperar la pérdida de la zona de 8.71 para confirmar la debilidad. Ésta situación se anula...
I think this can be the bottom of the recent pullback in the Brazilian Real. I'm long $BRL as an oil proxy here, shorting $USDBRL with a tight stop at 3.3415. The political crisis might be averted, and the currency can soar, specially with the extreme negative sentiment currently affecting it. Best of luck to our brazilian friends, and to anyone taking the...
Year-to-date, the Brazilian Real has out-performed the US dollar more than any other currency in The Americas, while the Turkish Lira under-performed all of its European counterparts. (USDBRL -10.78%) (USDTRY +24.66%) Getting long at the 618 retracement which will also fall into the breakout of the pennant. Targeting the 382 of the major peak and major trough.
Possible 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.
Waiting 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.
Long term I am bullish. These are my price interests with full execution strategy.