Multiyear ascending channel
Fundamentals:
1. Negative trade balance since 2014.
2. High crude oil prices failed to contain the negative current account.
3. Elections with eco-friendly candidates and one of them as favorite to win elections.
Technicals:
1. Multiyear support in weekly chart.
2. ADX and MACD are up..
3. Confirmed with three white soldiers weekly reversion from about 3650.
1. Negative trade balance since 2014.
2. High crude oil prices failed to contain the negative current account.
3. Elections with eco-friendly candidates and one of them as favorite to win elections.
Technicals:
1. Multiyear support in weekly chart.
2. ADX and MACD are up..
3. Confirmed with three white soldiers weekly reversion from about 3650.
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