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 US dollar index rose through the 101.65 high on Friday during the New York session before finding mild resistance. The index is seen to be trading close to 101.50 at this point in writing as the bulls prepare to come back in control soon. The contracting triangle consolidation might be complete around 101.30 and a break above 102.20 will confirm a bullish breakout.
The US dollar index wave structure is indicating that the drop from 114.70, which began in September 2022, might be complete at 101.00-10. If the above scenario holds well, prices would stay above 101.10 and target 105.35 over the near term. Immediate meaningful price resistance is seen at 105.35; while support stands around 101.00 respectively.
The US dollar index could retrace the entire drop between 114.70 and 101.10 in the next several trading sessions. Upside potential targets remain close to 106.50 and up to 109.50 going forward. Near-term resistance is determined at 102.50 and a push higher will encourage and add further confidence to the bullish scenario.
Potential bullish reversal against 100.00
Good luck!
*এখানে পোস্ট করা মার্কেট বিশ্লেষণ আপনার সচেতনতা বৃদ্ধির জন্য প্রদান করা হয়, ট্রেড করার নির্দেশনা প্রদানের জন্য প্রদান করা হয় না।
ইন্সটাফরেক্স বিশ্লেষণমূলক পর্যালোচনাগুলো আপনাকে মার্কেট প্রবণতা সম্পর্কে পুরোপুরি সচেতন করবে! ইন্সটাফরেক্সের একজন গ্রাহক হওয়ায়, দক্ষ ট্রেডিং এর জন্য আপনাকে অনেক সেবা বিনামূল্যে প্রদান করা হয়।
