Hi guys! Today I'm going to analysis the US Dolar against BRL to my fellow brazilian brothers.
After a hell session in brazilian stock market of about -4%, we see a interesting situation in the dolar. Price easily managed to break 3973 area and then started his way up to the 3993. Now we are a few ticks away of ma20 crossing the ma200, with MACD starting to become bullish. All of this in a 1D chart!!! And to be honest, if none of this means enough for you, then I showed in chart a huge simmetrical triangle in teal, which had been broken and tested weeks ago, meaning we can see a possible projection of the price to 4408, this is INSANE!!!! Until there, we have a few things to happen, like a possible test in 3973 as support, pass the 78,6% level of the white fib and finally test the ATH. So I'll make a resume of key levels to keep your eyes on.
Looking up:
4080.5
4216.5
4408
Looking down for a correction:
3973.5
3899
3824
ma200
Hope you like!! Feel free to comment!
After a hell session in brazilian stock market of about -4%, we see a interesting situation in the dolar. Price easily managed to break 3973 area and then started his way up to the 3993. Now we are a few ticks away of ma20 crossing the ma200, with MACD starting to become bullish. All of this in a 1D chart!!! And to be honest, if none of this means enough for you, then I showed in chart a huge simmetrical triangle in teal, which had been broken and tested weeks ago, meaning we can see a possible projection of the price to 4408, this is INSANE!!!! Until there, we have a few things to happen, like a possible test in 3973 as support, pass the 78,6% level of the white fib and finally test the ATH. So I'll make a resume of key levels to keep your eyes on.
Looking up:
4080.5
4216.5
4408
Looking down for a correction:
3973.5
3899
3824
ma200
Hope you like!! Feel free to comment!