USDBRL Brazilian Real rate long term forecast, BUY(Long) - Forex Trading Today

Brazilian Real is likely to take a sideways walk for the time being. In the long run, the USDBRL is likely to rise higher. If it falls, it is better to look for opportunities to buy. There seems to be no need to rush.

Brazil is one of the BRICS countries. If they are faithful to anti-imperialism camp, the future of Brazilian Real will be bright.

USDBRL Price Forecast and Trading (US Dollar to Brazilian Real rate): 
Long Term BUY(Long) 

Eentry Price  below 3.687 
1st Target Price  4.83  (+1.143pt,  +31%)
Stoploss Price  3.57  (-0.117pt,  -3.17%)

[USDBRL rate monthly chart]