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!
GBP/USD is falling towards 1.3750, undermined by the US dollar bounce, as the Treasury yields recover ground. UK's Frost hints at compromise on Northern Ireland's post-Brexit trade rules. BOE-speak, China news in focus.
After breaking below the ascending regression channel coming from late September on Friday, GBP/USD struggled to return within that channel. Additionally, the last 10 candles on the four-hour chart closed below the 20-period SMA, confirming the view that the bullish momentum is losing strength. Finally, the Relative Strength Index (RSI) indicator on the same chart has retreated to 50 area.
On the downside, the initial support is located at 1.3740 (Fibonacci 23.6% retracement of the latest uptrend) ahead of 13700 (psychological level, 200-period SMA) and 1.3680 (100-day SMA).
The first resistance aligns at 1.3800 (the lower line of the ascending channel, the psychological level, and a 20-period SMA). In case the pair holds above that level and manages to flip it into support, it could aim for 1.3830/40 (October 20 high, October 21 high, middle line of the channel) and 1.3880 (static level).
*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।