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!
EUR/USD
Higher Timeframes
At the moment, the bulls are committed to achieving their goal of a breakthrough to the Ichimoku cloud (1.1065). Perhaps, they will be able to reach this goal in the final days of 2023. The nearest support levels are marked at 1.1004 (the first target for the daily goal) and 1.0960 (the daily short-term trend + the final level of the weekly Ichimoku cross).
H4 - H1
On lower time frames, the euro is in the area of the central Pivot level of the day (1.1033). Once bullish activity resumes, the resistance of the classical Pivot levels (1.1056 - 1.1070 - 1.1093) may come into play within the day. In addition, the bulls may aim for a breakout of the 4H cloud (1.1051). If priorities change and a decline develops, it will be crucial for the bears to overcome the weekly long-term trend (1.0986). Intermediate supports along the way may be 1.1019 and 1.0996 (classic Pivot levels).
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GBP/USD
Higher Timeframes
The market continues to trade around the area of 1.2738 - 1.2719 - 1.2702 (the final level of the weekly cross + the first target of the daily goal + the daily short-term trend). The main bullish reference point in this segment is still the 100% target level for a breakout of the Ichimoku cloud (1.2816). If the bulls manage to free themselves from the aforementioned area and influence of the 1.2737-19-02 zone, the attention will shift to the elimination of the daily dead cross, the final levels of which are now located at 1.2620 - 1.2580. The daily cross is now reinforced by an important level at 1.2589 (monthly short-term trend + weekly medium-term trend).
4H - 1H
The bulls still have the advantage on the lower timeframes as the market continues to operate above key levels. Today's key levels are at 1.2711 - 1.2690 (central Pivot level + weekly long-term trend). Resistance of the classic Pivot levels (1.2738 - 1.2757 - 1.2784) serve as landmarks for the continuation of the upward movement intraday. A breakdown, consolidation below, and reversal of the movement can change the current balance of forces. As a result, supports of classic Pivot levels (1.2665 - 1.2646) will become the benchmarks.
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibo Kijun levels
Lower timeframes - 1H - Pivot Points (classic) + Moving Average 120 (weekly long-term trend)
*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।
