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Blue line- bearish RSI divergence
Black lines- Fibonacci retracements
The Dollar index has started the week under selling pressures, exactly as it ended last week. Price is turning lower below last week's lows. As we mentioned several times before, a pull back is justified as the RSI has warned traders that the upward momentum is weakening. The RSI has provided bearish divergence signals warning of a coming pull back. Price is vulnerable to a move at least towards 105.80 from 108.16 it currently is. A pull back towards that level is justified and is our minimum target. It is too early to call a top or a major top. The chances, that the rise from 89.18 is over, have increased and bulls should be very cautious.
*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।