Summary
• Price traded between 5.3544 and 5.3691 with a bearish bias in the early session.
• Volume surged to 1.7 million at peak before consolidating near 5.3550.
• RSI indicated overbought and oversold conditions, with no clear momentum trend.
Tether/Brazilian Real (USDTBRL) opened at 5.3579 at 12:00 ET–1 and closed at 5.3548 at 12:00 ET on 2025-11-10. The 24-hour range spanned 5.3544 to 5.3691. Total volume reached 16.6 million BRL, with a notional turnover of approximately $89.3 million, based on the average rate.
Structure & Formations
The 15-minute chart revealed a bearish engulfing pattern around 19:00 ET, followed by consolidation near 5.3550. A doji near 21:00 ET indicated indecision. Key resistance levels include 5.3585 and 5.3600, while support appears to hold at 5.3550 and 5.3544.
Moving Averages
On the 15-minute timeframe, the 20-period and 50-period SMAs suggest a potential bearish crossover near 5.3570. On a daily basis, the 50/100/200 SMA lines suggest a neutral-to-bullish bias, though the 200 SMA at 5.3540 provides a critical support threshold to watch.
MACD & RSI
The MACD line showed bearish divergence in the early afternoon, with a negative histogram reflecting waning bullish momentum. RSI fluctuated between overbought and oversold levels, peaking at 62 and falling to 39, suggesting a potential consolidation phase ahead.
Bollinger Bands
Volatility expanded significantly between 19:00 and 21:00 ET as price moved from the upper to lower band, indicating a strong intraday correction. Price currently resides near the middle band, suggesting a possible consolidation period ahead.
Volume & Turnover
Volume spiked to over 1.7 million BRL at 19:00 ET, confirming a bearish price move. A divergence was observed later in the session, where volume declined alongside price, hinting at a possible reversal or sideways move.
Fibonacci Retracements
Recent swings suggest that 5.3585 (61.8% retracement level) is a key resistance. The 5.3550 level (38.2% retracement) appears to act as a short-term floor. If the pair breaks below 5.3544, it may target 5.3530 next.
Backtest Hypothesis
A backtest strategy based on MACD Top Divergence could provide further insight into potential short-term reversals. Assuming the correct ticker symbol is used and the trade logic is to buy at the next day’s open after a divergence is identified, the strategy could be validated using daily MACD data from 2022 to 2025. The success of this approach will depend on the frequency and reliability of divergence signals in the pair’s historical behavior.
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