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!
US durable goods orders data surprised traders with a divergence in expectations. Forecasts predicted a decline of 0.3% in May, but actual data showed orders increased by 0.7%.
The EURUSD currency pair slowed down the upward pace after the price approached the upper flat line 1.0500/1.0600. This move led to a reduction in the volume of long positions and, as a result, a pullback.
The GBPUSD currency pair has been moving within the upper border of the side channel 1.2150/1.2320 for the second day in a row, which indicates the process of accumulation of trading forces.
Today the macroeconomic calendar is empty, the only thing that can affect the market is political statements during the G7 summit.
The short-term side channel is still relevant in the market, for this reason, traders allow the tactics of working on a price rebound.
An alternative scenario considers a breakout strategy, where holding the price outside of one or another boundary in a four-hour period will indicate a subsequent path.
In this situation, the compression of the amplitude within the current flat serves as a lever that focuses abundant attention on the part of speculators. Thus, the market may soon accelerate, which will lead to one of the possible scenarios:
Price rebound from the upper border of the flat, followed by a move towards the values of 1.2200–1.2150.
The breakdown of the upper border of the flat, where a buy signal will appear if the price holds above 1.2340 in a four-hour period.
A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each candle in detail, you will see its characteristics of a relative period: the opening price, closing price, and maximum and minimum prices.
Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market.
Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future.
The up/down arrows are the reference points of the possible price direction in the future.
*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।
