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!
Trend analysis (Fig. 1)
EUR/USD, moving upwards from the level of 1.1604 (closing price of yesterday's daily candle), will test the 161.8% retracement level of 1.1121 (blue dashed line) on Tuesday, and then drop towards the 38.2% retracement level of 1.1006 (red dashed line). The bullish trend may resume upon testing this level.
Fig. 1 (daily chart)
Comprehensive analysis:
Indicator analysis - uptrend
Volumes - uptrend
Candlestick analysis - uptrend
Trend analysis - uptrend
Bollinger bands - uptrend
Weekly chart - uptrend
Conclusion: EUR/USD will rise from the level of 1.1604 (closing price of yesterday's daily candle) to the 161.8% retracement level of 1.1121 (blue dashed line), followed by a decline towards the 38.2% retracement level of 1.1006 (red dashed line). The bullish trend may resume after testing this level.
Alternatively, the pair could go up from the level of 1.1604 (closing price of yesterday's daily candle) to the 38.2% retracement level of 1.1106 (red dashed line), and then start a downward movement.
*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।
