Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
AUDUSD was expected to make a new lower low towards 0.7435 where we mentioned in our previous analysis it would be a good spot to go long. Downside was limited and the bullish RSI divergence was an important warning signal. A trend reversal warning. A reversal to the upside was coming.
AUDUSD is now trading at 0.7480. Price made a new lower low as expected and the RSI did not follow as expected. The RSI provided another bullish divergence. That is why we preferred to be bullish when price was making a new lower low. There are high chances that the low is in and trend has changed to bullish. However confirmation will come when price breaks above the recent high of 0.76. Until then there is still danger of making a new lower low. We are cautiously bullish.
*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.
