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
Analysis:
An upward wave has been developing on the chart of the British pound since mid-October. The unfinished section has been reporting since November 2. It completed the oncoming correctional movement in the form of a horizontal shifting plane. The upward section that started yesterday has a reversal potential and can be the beginning of a new wave along with the trend.
Forecast:
In the first half of the day, a flat is likely, with a descending vector. By the end of the day, you can expect activation and a price rise in the area of the calculated resistance. A further break up is not excluded today.
Potential reversal zones
Resistance:
- 1.3430/1.3460
Support:
- 1.3340/1.3310
Recommendations:
Sales on the British pound market today are very risky and are not recommended. The main attention should be paid to finding places to enter long positions.
USD/JPY
Analysis:
Since November 9, a descending wave structure has been forming on the Japanese yen chart. Its structure lacks the final section. At the time of analysis, the price is at the lower limit of the resistance zone of a large time frame.
Forecast:
In the next 24 hours, the pair's market will end its upward movement. Then you can wait for a reversal and the beginning of an intensive decline. Calculated support shows the lower limit of the expected range of the daily move.
Potential reversal zones
Resistance:
- 104.60/104.90
Support:
- 103.90/103.60
Recommendations:
There are no conditions for buying the Japanese yen today. In the area of the calculated resistance, it is recommended to track all emerging signals for selling the instrument.
Explanation: In the simplified wave analysis (UVA), waves consist of 3 parts (A-B-C). The last incomplete wave is analyzed. The solid background of the arrows shows the formed structure, and the dotted background shows the expected movements.
Note: The wave algorithm does not take into account the duration of the instrument's movements in time!
*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।
