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!
Blue line- horizontal support
Red line- bearish RSI divergence
Green line- support trend line
Black line -resistance trend line
DAX was under pressure most of last week falling as low as 16,000. Price has managed to respect and stay above both the green upward sloping support trend line and the horizontal support level of 15,670. Technically trend remains bullish making higher highs and higher lows. The bearish RSI signals are only a warning. In order for this warning to turn into a reversal signal, bears need to push price below the green trend line and the blue horizontal support level. As long as price respects the green trend line, we could see a new higher high towards 16,360.
*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.
