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!
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The Dollar index is at its highs and still inside the medium-term bullish channel as we have mentioned in previous posts. At current levels we prefer to be neutral if not bearish as there are signs that the up trend continues to weaken. The chances of a reversal have increased.
Green lines - bearish RSI divergence
The Dollar index is very close to the upper channel boundary. The RSI continues making lower highs. This bearish divergence is an important warning for bulls. They must be very cautious. Current market conditions justify a rejection and pull back lower towards 98 at least. I prefer to be neutral if not bearish at current levels.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
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