Hello traders,
Welcome to this quick update on USD/BRL in a 3-hour timeframe.
The USDBRL is likely to form a bearish triple-top which might bring the price down from $4.99 to $4.85. The RSI is already at the oversold zone and it is a strong indication of a bearish move.
I am bearish on USDBRL. What is your POV on this chart? Let me know in the comments...
Just to record that the chance of the dollar falling is great! After this breakout of this accumulation and the straight support, the price is already indicating a downtrend. Making the tops and bottoms lower and lower. We need confirmation of the breakout of 4.58 reais to establish a downtrend. Strong buying region in the region of 4 reais and fibo.
Probability 1. Ranges from 5.34 BRL to 5.62 BRL
Probability 2. It rises quickly to 5.85 BRL, and then if it manages to consolidate at that price 6.2 BRL.
Probability 3. It falls to 5.28 BRL, with subsequent fall to 4.85 BRL. Less likely scenario.
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
Dates in the future with the greatest probability for a price high or price low.
The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...
