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 has continued its rally as expected hitting fresh swing highs at 103.60 on Tuesday. The index is seen to be trading close to 103.00 at this point in writing and the slide could continue towards the 102.40-50 zone. Also, note that 102.40 is the previous immediate price support alongside the Fibonacci 0.382 retracement of the upswing between 100.80 and 103.60.
The US dollar index is currently working on the above upswing between 100.80 and 103.60 and could retrace lower up to 101.75 which is the Fibonacci 0.618 retracement of the above rally. The current pattern is a potential expanded flat correction, which is within its last lower wave. The above should drag the price below 102.56 at least to complete the pattern.
The US dollar index remains bullish against the 100.80 support and its medium-term target potential remains toward 104.50, 105.50, and higher. The recent corrective drop should be taken as yet another opportunity to open long positions. Furthermore, the 102.00 zone was previous resistance, which would act as support going forward.
A potential rally to continue after correction towards the 102.40-60 zone.
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.
