Possible Long in USDBRL, with a good target. This is not only technical analysis, but combined with the idea that USD Index will start to increasce against other currencies that was performing well. Plus the actual strong left governemt can cause more inflation and investors-run to dollar safety.
Not a financial advice.
To support Biden's plan "Invest in America", FED will need to keep raising interest rates to contain #inflation, and make it attractive for international investors.
Meanwhile, Brazilian economy is shrinking, with President looking to lower interest rates which it is what was done in 2003. but this time is indeed different, since the USA...
Hello traders,
Welcome to this quick update on USD/BRL in a 3-hour timeframe.
The USDBRL is likely to form a bearish triple-top which might bring the price down from $4.99 to $4.85. The RSI is already at the oversold zone and it is a strong indication of a bearish move.
I am bearish on USDBRL. What is your POV on this chart? Let me know in the comments...
Howdy fellas,
I am Brazilian by origin so this matters to me.
It's a chart that I always check, as I every now and then exchange these currencies (as well as the euro related to Brazilian real).
Now we all know at some point the dollar index needs to take a step back and retrace.
It could continue to push higher against other world currencies, but that...
Recently Ive opened a long position on dollar against brazilian real but due to technical analysis data I'm quite skeptical about this long position and decided to hedge it with a short one here. Just in case. Trend down!
BRICS composite basket index vs USD
BRICS currently accounts for 40%+ of the global population and 25%+ of global trade. Lessening reliance on USD will benefit their economies greatly regards cross border trade amongst members.
Current additional applications to join the bloc have been received from Saudi Arabia, Nigeria, Algeria, Venezuela, Kazakhstan (all...
FOREXCOM:USDBRL price is at a major resistance zone and seems to be forming a double top on the daily time frame. Price should start heading down. Worst case it breaks the daily zone and hits the Monthly descending trendline (red). Price is currently overbought on the RSI and Bollinger Bands so there is a high probability it will go down.
This is to demistify some ideas regarding the dollar:
1 - The yuan will replace the dollar as the universal legal tender.
It's true that the US government "printed" a lot of money during the Covid pandemic and since the beginning of the Russian invasion of Ukraine. Thus the dollar was weakened by inflation and the US national debt. But while that is true it has...
-Comparing the Brazilian real with the US dollar means wasting time, as we know that the final result will always be an infinite increase in the US currency against the Brazilian currency.
-Below I leave the beautiful pattern "CUP And Handle" formed and consolidated.
-As Charles Dow said: "Prices discount everything".
-Things usually take time to materialize,...
On a weekly time frame, the Brazilian Real has experienced a downward trend since 2011. There are several reasons that have contributed to the market's inflation and the weakening of the Brazilian economy against the US Dollar. These reasons include factors such as job vacancies, high crime rates, corruption, and a complex tax system.
The chart analysis...
Target one is reached. Usually after a beautiful cup and handle like this one, we see further upward price actions. Fundamentally, I don't think Real will sustain this trend of being valued, since the current president is a former prisioner charged for corruption and recently has been seen in Dubai with his 30y younger spouse in a hotel costing 60,000 reais per...
FED is saving the banks and the pivot is closer than ever.
The dollar will have a very bad 2023/24 and once the rates start to decline, everything will have already landed on the moon.
The pivot is just the "icing on the cake" as once it happens the markets will already have exploded (e.g; Bitcoin).
The Dollar against the Real could possibly enter an...
In the contemporary global landscape, compelling arguments exist for a pro-Gold, pro-China, pro-BRICS case and a pro-US, pro-USD case. This extensive analysis will explore both perspectives, starting with the pro-Gold, pro-China, and pro-BRICS cases.
The global commodity supply and demand pricing dynamics reveal a shift in gold businesses from the US to China....
