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!
#VIX
With both EMAs forming a Death Cross intersection and supported by RSI(14) indicator in the Neutral-Bearish level area, then today #VIX has the potentialto weaken toward its nearest support level.
Key Levels
1. Resistance. 2 : 20.77
2. Resistance. 1 : 20.29
3. Pivot : 20.05
4. Support. 1 : 19.57
5. Support. 2 : 19.33
Tactical Scenario
Pressure Zone: If 19.57 is broken down, there is potential for continued weakness toward 19.33.
Momentum Extension Bias: If 19.33 is also broken to the downside, #VIX could extend its decline to 18.85.
Invalidation Level / Bias Revision
The downside bias is restrained if the price strengthens and breaks above 20.77.
Technical Summary
EMA(50) : 20.07
EMA(200): 20.18
RSI(14) : 47.52
Economic News Release Agenda:
Today the United States will release the following economic data:
US - Philly Fed Manufacturing Index - 19:30 WIB
US - Unemployment Claims - 19:30 WIB
US - Building Permits - 19:30 WIB
US - Housing Starts - 19:30 WIB
US - Flash Manufacturing PMI - 20:45 WIB
US - Flash Services PMI - 20:45 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.
