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!
[#USDX]
If we pay attention to both EMA which is in a Death Cross as well as RSI(14) has approaching the Overbought level, then there is potential in the near term for #USDX to weaken toward its nearest support.
Key Levels
1. Resistance. 2 : 100.13
2. Resistance. 1 : 99.83
3. Pivot : 99.55
4. Support. 1 : 99.25
5. Support. 2 : 98.97
Tactical Scenario
Pressure Zone: If the price breaks down below 99.55, there is potential pressure toward 99.25.
Momentum Extension Bias: If 99.25 is broken, 98.97 is likely to be tested.
Invalidation Level / Bias Revision
The downside bias is restrained if #USDX strengthens and breaks out above 100.13.
Technical Summary
EMA(50) : 99.65
EMA(200): 99.84
RSI(14) : 68.99
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Challenger Job Cuts y/y - 18:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Trade Balance - 19:30 WIB
US - Natural Gas Storage - 21:30 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.
