Strength of USD versus currencies of EU, Japan, China, India, Russia, Mexico, Brasil, Saudi Arabia, Turkey, South Korea.
There had been a cosmic demand for dollar but as COVID hit USA from April 6 we saw a breakdown.
Now we are at major support, on the monthly balance point, from which a push up is likely but not guaranteed.
The area between CAMS1 and CAMR1 is...
The BRL is simply, not showing signs of recovery agains USD.
American Dollar is just too strong overall, and against the Brazilian currency it appears to be taking it up to the next level.
The Brazilian stock market is a bit stretched, and the whole current situation does not seem convincing enough so the external capital becomes a sure destination.
After the fail of a massive IH&S - The Brazilian future Index have just broken down the symmetric triangle with great strength. Where are the newly printed dollars at? Maybe they never were...
#BRL #USD #eurodollar #dollars
Due to fiscal economic situation in Brazil most of bonds and stocks has been sold and basically managers are looking for the best safe heave in the world... dollar. AS FAR AS I CAN SEE THERES NO MUCH IN BRAZILIAN MARKET RIGHT NOW... SO THEY MUST ALLOCATE ALL TO DOLLAR and wait a better opportunity!
The Brazilian real doesn’t stand a chance against the US dollar’s new-found strength and the USD/BRL trading pair is one a steep climb towards its resistance level. It’s broadly expected that the prices would eventually reach their highest ranges as the Brazilian real gets bombarded by multiple fundamentals, preventing it from defending itself against the power of...
the daily chart of this market shows with a high probability that it will experience an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite
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Usd brl is at bring of an edge... either it will return to break the flag in direction of 6 reals per dollar or heading to 4.85 for a correction. Brazilian economy is not in a good shape and due to it.... dollar will be a safe currency but as dollar has entered in a sell position globally it will cause a pressure against all currencies.
BRAZILIAN REAL IS APPROACHING A SUPPORT LEVEL, GOOD RISK REWARD LONG|
1- Decent long opportunity at both support 1 and support 2
2- The pair moves nicely, unlike, say, JPY pairs
3-Clear SL levels
4- Great Risk/Reward at both supports
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The bullish trend for the US dollar to Brazilian real exchange rate was reignited back in late July and is expected to remain strong even until earlier September. Looking at it, the risk appetite in the market should have already helped the cause of the Brazilian real. However, despite the regenerating risk appetite, it remains vulnerable against most major...
-> Analysis of 23 Aug.
-> Hello Friends, here is my Month -Chart idea to USD/BRL. -> (all further information can be found in the chart)
-> Please note: These analyses are not intended as investment recommendations! The analyses presented by me are in no way to be understood as financial advice! Please also note that you are always responsible for your own...
The US dollar is currently seen working hard to force the Brazilian real past its initial resistance level this Tuesday. The trading pair has been awfully bullish in the past few weeks despite the major stumbles of the US dollar. Prices are on track to climb towards their higher resistance level, reaching ranges last seen in May 2020. The surge should help the...