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 NZD/USD pair rallied in the short term and now is trading at 0.6237 at the time of writing. After its amazing growth, the price dropped a little but this was only temporary before jumping higher again.
The rate turned to the upside ahead of the FOMC, even though the ADP Non-Farm Employment Change came in at 296K versus 148K expected, while ISM Services PMI increased from 51.2 points to 51.9 points, beating the 51.8 points estimated. Later, the FOMC Statement and FOMC Press Conference should really shake the price.
As you can see on the H1 chart, the rate dropped a little to retest the 0.6224 broken resistance and now it seems determined to resume its growth. The price is struggling to stabilize above the median line (ml).
The bias remains bullish as long as the rate is trading above the median line (ml). The next upside target is represented by 0.6249.
Stabilizing above the median line (ml) and making a new higher high, a bullish closure above 0.6249 validates further growth and represents a new buying opportunity with a potential target at the R3 (0.6280). The bullish scenario could be invalidated by a new lower low.
*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।
