USDBRL awaiting breakout of triangle

FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
Awaiting development in USDBRL             on this symmetrical triangle formation

Most of the time if a triangle like this happens in a trend, the breakout that follows goes with the trend.

Yet, to me, it is wait and see.

Implications on commodities:
- Breakout higher would be bearish for sugar             and coffee             (both traded in USD on the ICE)
- Breakout lower would mean advances both in sugar             and coffee            
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out