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!
Borussia is one of the most titled football clubs in Germany, which has repeatedly proved to fans: the spirit of competition and leadership will certainly lead to success. Trade in the same way that sports professionals play the game: confidently and actively. Keep a "pass" from Borussia FC and be in the lead with InstaSpot!
USDCAD is trading near 1.24, when just a couple days ago it was trading at 1.2150. Our bullish signal at 1.2130 has progressed nicely and price has not only reached our 1.2350 target, it has also broken above the long-term downward sloping resistance trend line.
Blue lines- Fibonacci retracements
USDCAD has most probable completed the decline from 1.45 and is now going to at least make a counter trend bounce. Having broken the long-term red trend line resistance, the chances of continuing this upward bounce towards the 38% Fibonacci retracement at the 1.2930-1.30 area are increasing. Short-term trend has changed to bullish as price has started making higher highs and higher lows. On a weekly basis the RSI is turning upwards from oversold levels and price is breaking important resistance levels. The next few weeks are expected to be bullish and push price towards the 38% Fibonacci level.
*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।
