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!
The US dollar index reversed sharply higher after carving a higher low around 100.85 on Tuesday. The index jumped by almost 70 points and approached closely 101.50 before pulling back. It is seen to be trading around 101.30 at this point in writing and is expected to continue its rally further towards 102.50 and up to 105.50 soon.
The US dollar index is on its way to completing the larger-degree Down Gartley corrective rally towards 105.50 and 106.50 respectively. It is now developing its last-leg rally against the 100.34 low, so a break above 103.00 will confirm that the bulls are back in control to push further. Also, note that the potential for the above rally remains up to the 108.00-109.00 zone before the pattern could complete.
The US dollar index remains well supported around 101.00 and a drop there will find the bulls coming back into play. Earlier, the index found support at the Fibonacci 0.618 retracement of the lower-degree upswing (100.34 through 101.80) and bounced higher as seen on the 4H chart. Ideally, prices should now stay above 100.34.
A potential rally against 100.00
Good luck!
*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.
