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 currency pair dropped a little in the short term as the Dollar Index crashed while the Japanese Yen Futures rebounded. It's located at 148.64 at the time of writing and is fighting hard to come back higher.
Fundamentally, the Japanese BOJ Core CPI reported a 3.0% growth versus the 3.4% growth estimated. Though, only the US economic figures could move the rate. CB Consumer Confidence may drop to 101.0, HPI is expected to report a 0.4% growth, Richmond Manufacturing Index could be reported at 1 point, while S&P/CS Composite-20 HPI may announce a 4.0% growth. Positive US data could help USD to take full control again.
As you can see on the H1 chart, the rate dropped in the short term, developing a flag pattern. This is seen as a bullish formation.
The price escaped from this chart formation and now it has retested the broken downtrend line. It's trapped between the 148.82 static resistance and the 148.36 downside obstacle.
Staying above 148.36 and above the broken uptrend line and making a new higher high, a bullish closure above 148.82 activates further growth and is seen as a buying opportunity.
*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।
