The legend in the InstaSpot team!
Legend! You think that's bombastic rhetoric? But how should we call a man, who became the first Asian to win the junior world chess championship at 18 and who became the first Indian Grandmaster at 19? That was the start of a hard path to the World Champion title for Viswanathan Anand, the man who became a part of history of chess forever. Now one more legend in the InstaSpot team!
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The Dollar index remains in a bearish trend. Price continues making lower lows and lower highs but recently we observed that the RSI did not follow price to new lows. Instead it provided a bullish divergence. Combined with the fact that price has formed a downward sloping wedge pattern, traders need to be cautious because soon we might get a strong reversal signal.
Blue lines -bullish divergence
The Dollar index has erased most of its rise from February lows. Price is challenging the upper wedge boundary at 90.80. Resistance is important at this level. The Dollar index could move to new short-term low towards 89.80 if price gets rejected at current levels. If bulls manage to recapture 91 and stay above it, we could then see a move higher towards 93 again. We keep a close eye on 90.80 as I believe is a key turning point.
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
