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 seems to have carved a higher low around 100.80 on Tuesday. The index is seen to be trading close to 101.00 at this point in writing as the bulls are producing a bullish reversal candlestick pattern. Ideally, prices should stay above the 100.34 lows and push higher towards 102.50 and up to 103.70 going forward.
The US dollar index is structurally still unfolding a larger-degree Down Gartley and the bulls are inclined to push through 105.50 to complete the pattern. Please note that the potential remains for a push towards 106.50 and 109.00 before the bears are back in control. Immediate resistance is seen around 103.00 and a break higher will confirm and accelerate a rally.
The US dollar index has carved a lower-degree upswing between 100.34 and 101.78. Furthermore, it completed a corrective drop towards 100.80 in the early hours on Tuesday, which is also the Fibonacci 0.618 retracement of the above rally. If the above structure holds well, prices should resume higher from here and push through 102.50 in the near term.
A potential rally against 100.00
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।
