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!
The Dollar index made a new lower low yesterday. The trend remains bearish. There are important bullish divergence signals by the RSI. This is a warning for Dollar bears.
The Dollar index is showing divergence signs. I believe the reversal is very close. Resistance is at 93.30. Next resistance is at 94. There is a bullish candlestick reversal formation on the 4-hour chart as the candle that provided the new low turned upwards and closed positive with a long tail.Green area - supportThe Dollar index as we mentioned in previous posts, is trading inside the long-term support area of 92-93. Combined with the bullish divergence signs in the daily and 4-hour chart, we should expect a strong bounce at least towards 94.50 if not higher towards the Daily cloud resistance at 96.
*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.