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 currency pair climbed as much as 1.3499 today but now it has retreated a little and is located at 1.3485. You already know from my previous analyses that the USD/CAD pair could develop a strong upward movement. Still, the Dollar Index's retreats could force the price to come back down.
Today, the fundamentals should be decisive. The United States CB Consumer Confidence index may drop to 105.5, the Richmond Manufacturing Index is expected at -6 points, while New Home Sales could drop to 699K. Better-than-expected figures should lift the USD.
Technically, the USD/CAD pair rallied after failing to retest the uptrend line. You knew from yesterday's analysis that bias is bullish as long as it stays above this dynamic support.
Now, it has jumped above the 1.3491 former high which represents a static resistance. After its strong rally, the rate came back to retest the minor downtrend line.
A new higher high, a bullish closure above today's high of 1.3499 validates further growth. This is seen as a buying opportunity. The R1 (1.3540) stands as an upside target.
*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।
