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!
According to the latest data from CoT reports for the last trading week, hedgers increased the preponderance of buyers by a third, reaching a cash-equivalent preponderance of $6.779 billion over bears.
Based on these indicators, the impulse rise of the cable during Monday was a quite predictable event.
The 3% increase in the volume of cash investments in derivatives on the British pound, in turn, further confirms the likelihood of continued growth during the day and this trading week.
According to the latest data from the US Commodity Futures Trading Commission (CFTC), the locked positions of investors increased by less than 1%, which confirms the unidirectional nature of the movement within the option month.
GBP/USD, D1:
The nearest long-term support level on the daily time frame is the monthly balance of the market maker, placed at the price mark of 1.3848.
The main scenario for the development of events on the day is a successful test of the technical support level of 1.3848 and a subsequent increase with the nearest reference point - an increase in sell positions with a total volume of $169 million (1.4104).
The overall balance of market forces highlights the bullish mood of Smart Money: 62% of buyers and 38% of sellers.
GBP/USD, M30:
When conducting intraday trading, note the key resistance level - the limit seller (1.3977).
At the moment, the asset quotes are traded in the market maker's loss zone for medium-term option contracts. At the same time, the net loss of the seller of financial insurance on futures in monetary terms is over $210,000.
The main scenario for the development of events today is a successful test of the limit seller level (1.3977) and a subsequent decline in the direction of reducing the loss of the market maker with the target reference until the end of the currency day - the limit buyer (1.3898).
The strategic target of the downward correction before the close of trading on Friday, April 23, is the weekly balance (1.3848).
*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।