US Dollar to Brazilian Real (USD/BRL) Forecast 1 day, 1 Week, 30 days

US dollar to Brazilian Real Signals and Price Predictions

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Start Trading USD/BRL

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USD/BRL is a currency pair described by high volatility in a relatively wide and stable range. Within the period from 2015 to 2020, the exchange rate was kept in the range of 3-4.2 BRL per $1. Due to the global crisis caused by the coronavirus pandemic, BRL devalued by more than 50%, and currently ranges from 4.7 to 5.8 BRL per $1.

1

Recommendation for USD/BRL on the 15M timeframe is Neutral.

2

Recommendation for USD/BRL on the 1H timeframe is Strong Sell.

3

Recommendation for USD/BRL on the 1D timeframe is Sell.

Brazil is a country with a developing economy, attractive for investors. Many analysts rely on strengthening of BRL against USD, citing the following arguments:

Brazil's budget deficit is less than that of the U.S. by 3.5-4 times on average;
The ratio of public debt to GDP in Brazil is about 80%, while in the U.S. it is about 130%;
Inflation in Brazil is lower than that in the U.S. at a higher interest rate. This gives investments in BRL additional attractiveness in terms of risk-reward ratio.

According to these macroeconomic indicators, analysts conclude that the risks of a sharp rate change and BRL devaluation are minimal. But there is a question with investment attractiveness. The importance of the U.S. economy is not comparable to that of Brazil. The BRICS partners also cannot help due to geopolitical issues.

In our article, you will be able to learn the latest price forecasts and signals on the USD/BRL currency exchange rate for 1 hour-1 week. USD/BRL forecasts and signals are based on the technical analysis indicators.

On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:

Asset quotes are updated every minute.
Price chart is updated every minute.
Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
Medium and long-term forecasts are updated every hour.

USD/BRL forecast for 1 day, 1 week, 1 month

USD/BRL forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out USD/BRL price prediction for today.

NOTE!

Signals may differ on different timeframes. If you want to hold the USD/BRL for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.

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Indicator Based Technical Analysis of USD/BRL

To find a better entry point, also find out what TradingView technical analysis tool signals for the US Dollar to Brazilian Real currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.

USD/BRL Chart Online

What Influences USD/BRL Long-term Price Forecast

A few years ago, analysts at the Nomura Japanese investment bank classified Brazil as a country with zero risk of a currency crisis. And BRL partially confirmed this status. The rate was strongly influenced by the pandemic that began in 2020, but within the following years, after recovery of the global economy, BRL showed relative stability. In their forecasts, analysts call BRL one of the most effective currencies in developing markets. And despite high volatility, they rely on the BRL gradual strengthening in the long term. But the probability of the USD/BRL rate growth remains.

Key factors impacting the USD/BRL price:

The U.S. domestic economic policy. According to analysts, the U.S. will stop the growth of the interest rate and will proceed to its reduction. This will weaken USD and strengthen BRL accordingly;
GDP growth. In some periods, the dynamics of GDP growth in Brazil exceeded that of the U.S. by 2-3 times, which contributed to the strengthening of BRL;
Change in the interest rate. This is the main tool for curbing inflation;
Changing goals of foreign economic policy. In particular, Brazil has taken a course towards de-dollarization of the country's economy and cooperation with Argentina, with which a common currency project is being developed;
Additional economic instruments. Examples of instruments that have contributed to the strengthening of BRL are: increased expenses on assistance to vulnerable segments of the population, expansion of national tax benefits for fuel, simplification of the privatization procedure, etc.

Experts also distinguish impact on the rate of large players who are rocking the market with speculative trades and do not allow USD to strengthen above 6 BRL over the past few years. Actions of market makers are one of the main causes of volatility in the short term.

Top 3 trending currency pairs

The algorithm developed by Traders Union automatically selects the top 3 trending currency pairs based on the user activity and indicator scores. For the calculation, the algorithm uses data on a weekly interval of technical indicators: moving averages, RSI (Relative Strength Index), CCI (Commodity Channel Index), ADX (Average Directional Index), MACD (Moving Average Convergence Divergence), Momentum, Ichimoku, etc.

USD/INR is a high-risk currency pair. Despite India being among the top five countries in the world in terms of the number of traders, this instrument is considered low-liquid and volatile. In a span of 2.5 months, the price can move more than 500 pips.

USD/INR analytical forecast

USD/CAD is one of the majors known as a commodity pair. The U.S. is Canada’s primary trading partner, and as a result, the pair’s price is strongly influenced by export and import statistics. The pair exhibits relatively high volatility. The most active trading activity is typically observed during the American session.

USD/CAD analytical forecast

USD/SGD is an exotic currency pair that offers several advantages for novice traders. While it may be more challenging to forecast compared to major currency pairs, it serves as a good “training ground” for working with higher-yielding instruments and increased risk. Market makers exert a strong influence on the price of the pair, which is why short-term trading with wider stop-loss orders is what works with the pair. The highest trading activity is typically observed during the Asian session.

USD/SGD analytical forecast

Note!

This block is not intended as an investment recommendation and is created solely for informational purposes.

All Forex Forecasts From TU Expert

Discover exchange rate forecasts for the most popular currency pairs to be up to date about the prospects of the market and not to miss promising trading opportunities.

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Price prediction methodology

The following tools and instruments were used for making the prediction:

Basic instruments of technical analysis. The forecast relies on basic technical indicators. The analysis was performed mostly on medium and long-term time frames for more accurate results.

Chart analysis. Analysis comprises a review of key levels of support, resistance, trend lines, as well as patterns formed on different time frames.

Statistical tools help evaluate a probability of a fundamental factor that could impact the price, its nature and intensity of impact.

Methods of mathematical and statistical analysis; modeling, adaptive forecasting methods.

Expert opinions and consensus forecast.

NOTE!

This forecast is based on current information and data of previous periods. Emergence of strong fundamental factors capable of radically changing the overall market trend and subsequent price trend is possible. The forecasts are updated regularly based on the latest data.

This article is created for informational purposes only and does not constitute investment advice. Be aware of the high volatility of cryptocurrencies and consider these risks when making investment decisions.

FAQs

What is the prediction for USD to BRL?

According to analysts, BRL has all the prerequisites for strengthening in the short term. The country has a loyal monetary policy aimed at supporting the national economy, high investment attractiveness, and lower inflation and budget deficit as compared to the U.S. But devaluation risks remain.

Is the Brazilian real getting stronger in 2024?

Yes, BRL is still likely to strengthen in the short term. This is facilitated by monetary policy and positive macroeconomic indicators. But analysts warn that the USD/BRL pair has a very high volatility.

When should I buy Brazilian real?

BRL has a visible range with high volatility. The lower limit is at the level of 4.4-4.7 BRL per $1, which is a strong support level, at which it’s not recommended to purchase BRL. It makes sense to consider purchasing BRL (a short position on the USD/BRL pair) if the rate is above 5 BRL per $1 and if there is a downtrend.

What strategies are suitable for trading the USD/BRL currency pair?

Both economies are strong, so the movement of the trend within the day can be in any direction. Any strategies for making money on trend fluctuations in both directions are suitable: trading within the channel, trading on fundamental analysis, strategies for breaking key levels, swing trading.