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The Dollar index remains in a bearish trend although for the last couple of sessions we could be making at least a short-term low. I believe the upside has more potential than looking for the bearish side.
The Dollar index has retraced 61.8% of the recent rise from 95.50 to 96.50. Price remains below the 4-hour Kumo. Trend remains bearish. However the recent low could be the start of a new sequence of higher highs and higher lows. Important short-term resistance is at 96.30-96.50. Breaking it will be the first important sign of a reversal.Blue lines - bearish channelThe weekly chart remains bearish. Price is inside a bearish channel and below the weekly Kumo. However I believe we should expect a strong bounce towards 98.50-99. I believe we should bounce soon towards the lower Cloud boundary and the upper channel boundary.
*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।