because politic of Brazil!! name of this... DILMA!!!
BRL against USD hits at 3.4850 to flash a fresh 8 months highs. USDBRL forms a descending triangle pattern which is bearish continuation trend. After the pair (USDBRL) breaking below the baseline of descending triangle it has been losing upswings momentum completely. Leading oscillators are also converging to these dips signal to momentum in selling...
I snapshot a pic in October 2015 calling the bottom. Now I'm just publishing my target.
On daily charts, USDBRL has formed descending triangle. The prices have been consistently below 21DMA, price slumps have remained below sloping side of the triangle ever since it has dropped from the resistance at 4.0145 levels. RSI is in convergence to the declining trend. While, %D crossover on stochastic oscillator signals selling momentum is intensified. On...
After breaking the long time uptrend line,i think the USDBRA is in a bearish market but the price would never reach the final destination without correction. I think the price is in a stucture the BAT told us 4.094 is a good position to short
Cup & Handle pattern almost complete, from the highs of September 2002. A short position at 3.6250 would be a high probability trade with a target at 3.4000.
As The Olympics Loom, Brazil Lurches From One Crisis To The Next
There is a minor resistance (blue traced thin line) that needs to be broken. Happy trading!
LONG TRADE : Entry : BUY @ 1.0920 Target : 1.1040 = 120 PIPS Stop : 1.0850 = 70 PIPS Risk Level : MEDIUM RISK RR ratio : 1:2
Technically, USDBRL has been losing upswings momentum as the rejection of resistance at 4.0050 levels and as soon as the pair approached 21DMA the bears began pushing downwards, in between a hanging man pattern is formed on rallies to signal weakness in previous upswings, leading oscillators are also converging these price declines. The next strong support is only...
Off late retracements in USD versus emerging market currencies looks overdone, but BRL will likely underperform on any risk-off event. We foresee BRL as one of the most vulnerable currencies because of looming idiosyncratic risks. Brazil is running the highest real interest rate in the world. Furthermore, debt to GDP is amongst the highest across EM. While, The...
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!