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!
[XPD/USD]
With the EMA (50) position being below the EMA (200), where the Death Cross condition is confirmed by the RSI position being at the Neutral-Bearish level, there is a quite strong indication that Sellers are currently dominating.
Key Levels:
1. Resistance. 2 : 1440.23
2. Resistance. 1 : 1419.33
3. Pivot : 1397.45
4. Support. 1 : 1376.55
5. Support. 2 : 1354.67
Tactical Scenario:
Pressure Zone: If the price breaks down below 1376.55, XPD/USD has the potential to test 1354.67.
Momentum Extension Bias: If 1354.67 is breached, there is a chance XPD/USD will head toward 1333.77.
Invalidation Level / Bias Revision:
The downside bias is contained if the price of XPD/USD strengthens and closes above 1440.23.
Technical Summary:
EMA(50) : 1396.10
EMA(200): 1422.12
RSI(14) : 43.17
Economic News Release Agenda:
Tonight from the United States, there is only the release of Factory Orders m/m at 22:00 WIB.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.
