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!
In our previous analysis on the Dollar index we showed how price was respecting a key upward sloping trend line support as price was breaking above the 50% Fibonacci retracement and moving towards the 61.8% retracement. We also noted how likely it is for price to follow the past and make a pull back for the next couple of weeks.
Blue line - support trend line
The Dollar index has the potential to make a reversal and a pull back from current levels. However price has not confirmed such a reversal, as price continues making higher highs and higher lows. The blue upward sloping trend line continues to be respected by price and as long as this is the case, bulls will remain in control of the trend. Next target is the 61.8% retracement and the 97.70 level. Short-term support is found at recent low at 95.49 and breaking below it will most probably lead to more downside towards the blue support trend line.
*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।
