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
Bulls do not abandon hope for the implementation of a full-fledged daily correction, but at the moment, there is resistance from the weekly medium-term trend (1.0795) on the way to the daily short-term trend (1.0811). Today marks the end of the working week. The outcome of the weekly timeframe is crucial. A long lower shadow will instill optimism in the further plans of bulls. All previously mentioned target levels today maintain their positions.
H4 – H1
On the lower timeframes, there has been a prolonged struggle for possession of the daily long-term trend. The key levels of the lower timeframes have now united their efforts at the level of 1.0769 (weekly long-term trend + central pivot point of the day). Whoever possesses these key levels is more likely to develop a directional movement. Classic pivot points serve as benchmarks for the development of directional movement within the day. Today, they are located at 1.0797 – 1.0816 – 1.0844 (resistances) and at 1.0750 – 1.0722 – 1.0703 (supports).
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GBP/USD
Higher Timeframes
As the working week concludes, the pound encounters a cluster of resistances led by weekly levels (1.2645-61). The conclusions and expectations presented earlier retain their significance today. Breaking through the nearest resistances is crucial, as well as entering the bullish zone relative to the daily cloud (1.2690). In case of bearish activity, supports at 1.2588 (monthly short-term trend) and 1.2524 (weekly Fibonacci Kijun) may be of importance.
H4 – H1
On the lower timeframes, there is a struggle for key levels that determine the current balance of power. Trading above these levels will contribute to the strengthening of bullish sentiments, with intraday targets being the resistances of classic pivot points (1.2644 – 1.2675 – 1.2712). Trading below will give the main advantage to bearish players, with targets at the supports of classic pivot points (1.2576 – 1.2539 – 1.2508).
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The technical analysis of the situation uses:
Higher timeframes - Ichimoku Kinko Hyo (9.26.52) + Fibonacci Kijun levels
Lower timeframes - H1 - 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।
