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!
If we look at the 4-hour chart of the USD Index, we see USDX is actually moving in a down slope Pitchfork Channel, BUT after the index failed to touch for the second time the Middle line of the down slope Pitchfork, USDX is now moving upward. It looks like it wants to reach the 93.44 level. Although USDX is already moving above the Moving Average, the Stochastic Oscillator now is already at the overbought level. This means there is a potential for USDX to get a turning point to the downside again. If the price goes down and closes below 92.84, that means the upward movement scenario will be automatically cancelled.
(Disclaimer)
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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