{"id":11357,"date":"2021-06-28T18:07:55","date_gmt":"2021-06-28T18:07:55","guid":{"rendered":"https:\/\/tradingshot.com\/?p=11357"},"modified":"2023-05-03T18:10:58","modified_gmt":"2023-05-03T18:10:58","slug":"usdbrl-is-this-an-early-buy-signal-for-coffee","status":"publish","type":"post","link":"https:\/\/tradingshot.com\/index.php\/2021\/06\/28\/usdbrl-is-this-an-early-buy-signal-for-coffee\/","title":{"rendered":"USDBRL Is this an early Buy Signal for Coffee?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p>The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on Coffee (KC) on a long-term 5-year horizon.<\/p>\n<p>At the moment USDBRL hasn&#8217;t made a new High in more than 1 year and the 1W MA50 (blue trend-line) is rolling over. Can this be a very early buy signal on Coffee before confirmation comes by the 1W Death Cross? It would appear that way and in our opinion that is an excellent long-term buy opportunity on Coffee futures.<\/p>\n<p>Tradingview link:<\/p>\n<p><a href=\"https:\/\/www.tradingview.com\/chart\/USDBRL\/oc1SxcvR-USDBRL-Is-this-an-early-Buy-Signal-for-Coffee\" target=\"_blank\" rel=\"noopener\">https:\/\/www.tradingview.com\/chart\/USDBRL\/oc1SxcvR-USDBRL-Is-this-an-early-Buy-Signal-for-Coffee<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; The USDBRL pair has been trading within a steady 2-decade long Channel Up, which is well displayed on this 1W chart. As you see last time it formed a 1W Death Cross (MA50 crossing below the MA200) after a Higher High, it dropped significantly and that was still a fairly early buy signal on<\/p>\n","protected":false},"author":611,"featured_media":11358,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1637],"tags":[],"class_list":["post-11357","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-forex"],"_links":{"self":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11357","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/users\/611"}],"replies":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/comments?post=11357"}],"version-history":[{"count":3,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11357\/revisions"}],"predecessor-version":[{"id":11361,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/posts\/11357\/revisions\/11361"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media\/11358"}],"wp:attachment":[{"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/media?parent=11357"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/categories?post=11357"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradingshot.com\/index.php\/wp-json\/wp\/v2\/tags?post=11357"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}