isslerman
Short

USDBRL - Downtrend line resistance

FX_IDC:USDBRL   U.S. Dollar / Brazilian Real
In the graph we can see the primary line (yellow 55 days) and secondary line (green 21 days) are still point down. The downs and ups of peaks and troughs are getting lower peaks and lower troughs. We can draw a downtrend line connecting the peaks, is a resistance line.
For tomorrow we can expect the downtrend line act as a resistance around 3.73 and if the price goes down we can see the next support 3.68, 3.64, 3.60.

Order cancelled: The day started with the bulls strong and crossing the downtrend line and transforming in a Long position.
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