FX_IDC:USDBRL Initiating Jully with a nice op. to purchase until R$3,35. Stay tuned. Trade wisely.
Good probability we see cont´d weakness in the real into the 3.20´s.
Fairly high probability we see the Bovespa index trade to the downside. This is a great trade because it presents us with multiple opportunities if the stop gets triggered (with a close on the weekly time frame). Pay Attention to the correlation between USDBRL and Bovespa Index - extremely important as Brazil´s equity market has proven to be extremely sensitive...
FX_IDC:USDBRL Targeting 3.63? Can be more! It seems we have a bullish period now, in this third wave of this trend is a realistic projection but I'm optimistic to expect a 3rd larger than is projected.
Sideway action as the trend slope of the trend has become steeper. Not saying the uptrend is over, but stalling, especially since RSI and Stochastik start to indicate some divergence. Short call spreads seems to be good risk/reward IMHO. Wouldn't be buying puts as the premium will deteriorate as long as the market doesn't sell off.
because politic of Brazil!! name of this... DILMA!!!
There is a minor resistance (blue traced thin line) that needs to be broken. Happy trading!
È esperado correcção no diàrio com testes nos suportes apresentados no gràphico. Óptima negociação! English: It is expected correction on daily with testing of the presented supports Happy trading!
Based on the likely incoming crude bounce, this looks like a attractive setup. Medium-term outlook still bullish for USDBRL.