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!
The US dollar index rose through the 105.33 high on Friday before finding resistance and then pulled back sharply. The index is seen to be trading close to 104.65 at this point in writing and is expected to drop lower towards 99.00 in the next several weeks. Ideally, prices should stay below the 105.52 interim resistance to keep the bearish structure intact.
The US dollar index has been rallying from the 89.20 lows since January 2021, unfolding a religious uptrend. The recent boundary which is being worked upon is between 89.50 and 105.52 respectively. Prices are expected to drop towards the Fibonacci 0.382 retracement at least, which is just below the 99.00 mark.
The US dollar index has also carved a lower-degree downswing between 105.52 and 103.15 in the past few trading sessions. Furthermore, prices have retraced from the above boundary towards 105.33, which is just above the Fibonacci 0.786 retracement. If the above structure holds well, prices are expected to reverse sharply lower from here.
Potential drop through 99.00 against 106.50
Good luck!
*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।
