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 carved a potential Tweezer Top candlestick pattern last week after raising through 105.30. The index has eased off since then and is seen to be trading close to 104.75 at this point in writing. Ideally, prices should reverse from here and drag lower towards 88.00 as projected on the daily chart here.
The US dollar index has been working on a larger degree upswing between 89.50 and 105.52 since May 13, 2022. The index might be unfolding a complex corrective structure (expanded flat) and is targeting the Fibonacci 0.382 retracement level of the above rally. Also, note that bears could drag through the Fibonacci 0.618 retracement levels as well, which is seen at around 95.40.
The US dollar index has further carved a lower-degree downswing between 105.52 and 103.15 as seen on the chart. Prices have also completed a corrective rally through 105.30. If the interim resistance at 105.52 holds well, bears will come back strong from here and drag the price towards 99.00 going forward.
Potential drop towards 99.00 against 105.52.
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।
