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Brazilian Real Technical Analysis: USD/BRL Breakout Re-Tests 5.00
It was a strong breakout in USD/BRL that brought in a fresh three-month high. But with prices pulling back the question now is whether higher-low support holds at a point of prior resistance.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
It was a week of strength for the Real, helped along by stronger inflation. The USD/BRL breakout has pulled back to support at prior resistance, while the range in EUR/BRL remains in-play.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
USD/BRL showed a clean breakout to push up to the 5.00 handle for the first time since early-June. EUR/BRL put in recovery this week as European data held up fairly well but the pair looks to be more restrained than what’s shown in the USD/BRL breakout so far.
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Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
It was a quiet week for the Brazilian Real but reading between the lines, there’s a struggle going on at a key trendline in USD/BRL that if broken, could lead to a fresh bullish trend scenario.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
Copom cut rates and prodded a sizable move of Brazilian Real weakness, with a portion of that priced-out in USD/BRL on Friday after the Non-farm Payrolls report in the US.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
It was a week of strength for the Brazilian Real against both the Euro and US Dollar. But key supports are in play for both USD/BRL and EUR/BRL, with major rate decisions out of the United States and Europe on the way.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
EUR/BRL continued the bullish reversal while USD/BRL retreated back to a key zone of longer-term support.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
EUR/BRL continued to press the bullish breakout as Real weakness started to price-in this week as expectations build for possible cuts from Copom.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
Rate cuts are in the discussion at the Brazilian Central Bank and that helped to weaken the Real this week as EUR/BRL broke above a falling wedge formation.
Brazilian Real Technical Forecast: USD/BRL, EUR/BRL
The Brazilian Real continued with strength even as Banco Central do Brasil kept rates flat at this week's rate decision. This set a fresh yearly low in USD/BRL with EUR/BRL pushing below a key Fibonacci level.
Brazilian Real Technical Analysis: USD/BRL, EUR/BRL
EUR/BRL hit a Fibonacci support level on Wednesday that led to a bounce, but USD/BRL bears have driven to a fresh yearly low and deeper into a longer-term support zone.
Brazil and Argentina start preparations for a common currency
Brazil and Argentina have announced plans to work on a common currency which, if successful, would create the world’s second-largest economic bloc. Find out everything we know so far.
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