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!
If there is growing confidence that the Federal Reserve will start reducing interest rates soon, most likely in the spring of 2024, the situation is somewhat different for the European Central Bank. During her speech on Tuesday, ECB President Christine Lagarde hinted that the central bank would not rush to lower interest rates. On the contrary, there is a high probability of a rate hike due to the progress in inflation. And this pushes the single currency higher.
The GBP/USD pair not only reached the level of 1.2700 but managed to break through it. As a result, we have seen a subsequent technical signal for the pound's recovery relative to the decline from July to September.
On the four-hour chart, the RSI technical indicator is hovering at the level of 76, which is close to the critical overbought level, located around the value of 82.
On the four-hour chart, the Alligator's MAs are headed upwards, which corresponds to the upward cycle.
In case the price settles above the level of 1.2700, the pound can rise towards 1.2800-1.2850. However, we should be prepared for a technical rollback due to the pound sterling's overbought status.
The complex indicator analysis points to an upward cycle in the short-term, medium-term and intraday periods.
*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।
