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!
Despite the warning signals we talked about in previous posts, the Dollar index has still not confirmed any reversal. Trend remains bullish as price continues making higher highs and higher lows inside the medium-term bullish channel.
The RSI continues to diverge, warning us that the up trend is weakening, however price does not roll over. Price is near the upper channel boundary above the 100 level. A pull back at current levels is more than justified. Even bulls would want a pull back in order to gather more momentum for a continuation higher. So far the rise from 89-90 is going according to our plan that we pointed out one year ago. One year when everyone was talking about the collapse of the Dollar we said that 89-90 level was an important base and there were many similarities to the 2017 rally and a move higher towards 100 should be expected. Now it is time for traders to be more cautious. A pull back towards 97-98 would not put the bullish trend in danger as price would remain inside the channel. That is why we continue to prefer to be neutral than bullish at current levels.
*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।
