The US dollar keeps climbing its way to the next resistance around R$6.00, but I believe it will slow down a little bit before reaching this point. My general view is one of a rise in the price.
The US Dollar has reached and overcome the first projected resistence around R$5.30. It seems like its going to keep rising till the region of R$6.00, where it is going to retract to R$5.30 tops. On the other hand if this recent overcoming fails, the US Dollar may retreat back to the next support around R$4.80. What do you think? Does it make sense for you?
Real/Ruble 1Hour swing trade. Price obeying the transagonal support (blue dotted line). We are looking at a move up for a third touch to the top of the wedge, then reverse back to the downside and out of the contracting wedge to lower support at 12.4076 (approx).
As predicted in our post of June 3rd, the currency reached the target range and turned up as forecasted, completing the minor wave A. It seems to have finished tracing minute wave a of minor B. If this is the case, the next move should be to the down side up to the range of 5.04 to 4.87 when minute b should complete and minute c should elevate its quote to the...
As predicted in the post of May 26, USDBRL reached a level a few points below the target for the correction. Now USDBRL is tracing minor wave A down and it is currently at the beginning of minute 4 up that could reach levels around 5.20. After this the currency pair should enter in the last leg down to complete wave A (our current target for this is at R$4.87)...
Well, finally institutions stopped selling and maybe starting to buy dollars again here in Brazil. Simple analysis, after this massive selloff of USD, RSI is pointing to a recovery ahead of price AKA bullish divergence. Not only that, prices is testing a previous range high zone, and converging with this really oversold RSI. I believe it is a good time to stack...
USDBRL seems to be in final stages of subminuette wave iii up. After it ends we should see a correction around 5.67 and then a final leg up that should reach the most probable target of 5.95-6.00. FOLLOW SKYLINEPRO TO GETUPDATES.
Resistance with bearish candle stick at 20SMA will make the direction down
This is my first analysis of the USDBRL pair. The Real has lost value in a parabolic fashion agains the American Dollar. The Dollar appear to have reached the top of the channel however the whole global scenario does not look in favor of the Brazilian currency strengthening agains the dollar, the case seems to be of maybe a top but i can't see it going really low...
Brazilian real reached R$5.35 on April 9, as predicted in a previous post. It is now tracing a minor wave 4 that when completed will turn turn to another last move up in minor wave 5 that should elevate the currency to around R$5.45 to R$5.50. The most probable time frame for this target is around 3 to 4 months form now. This last move should complete primary wave...
Brazilian Real is tracing minor wave 5 of intermediate, primary and cycle wave 5. The pattern shows a complete five wave that would complete the pattern, however minor wave 5 could extend, therefore the target to confirm the trend down would be if prices crosses down 5.20. FOLLOW SKYLINEPRO TO GET UPDATES
USDBRL crossed the upper line of the primary impulse waves' channel. Primary wave 5 finished with a throw-over crossing up the channel, a typical behaviour. Price should continue down in a corrective pattern. The odds for this scenario increases after prices crosses down 5.38. This analysis should be void if prices crosses up 5.72. FOLLOW SKYLINEPRO TO GET UPDATES.
It formed a cup with handle and this month already achieved it target. We might expect a pull back after such a long rally
As predicted, prices reached 5.392 and it seems to have completed or very near to completing minor b up. When complete, prices should correct in the range of 5.20 to 5.05 before moving up a final minor wave 5 of intermediate 5 of primary 5 of cycle 5 up that should reach the range of 5.50 to 5.60. FOLLOW SKYLINEPRO TO GET UPDATES.
Currently in a minute 4 correction, the Brazilian real should dance around R$5 and R$4.60 and after that increase to up to R$5.40 during the third quarter of 2020
The USD has reached a strong resistance once again. Besides, the USD price has gone too far from the EMA200, there we can say the USD has become 'expensive'. To enforce my short-term bearish view, comes the divergence between the price direction and both MACD and RSI. That's a strong indication that this bullish move has exhausted its strenght during its...
This figures preceeds a huge movement, depending on which direction will occur a breakout. Place your bets!
After the US Dollar has reached the last resistance around R$4.25, it has gone through a strong correction, slowing down exactly at EMA200. It is clear for us Brazilians that we have now a very good opportunity to buy more US Dollars to add to our greater Portfolio allocation.