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 pound has generally been standing still for a week, but today, traders and investors may become more active. The day will likely start with the UK unemployment data putting pressure on the British currency. Market players expect a dip in unemployment from 3.9% to 4.0%. Perhaps the pound might even fall slightly below the lower boundary of the current range. However, once the US trading session opens, it will not only climb to the upper boundary of the range but will also rise further. And this could be due to the US inflation data. According to forecasts, the growth rate of consumer prices is expected to slow down from 3.4% to 3.1%. In turn, this will revive expectations of an imminent rate cut from the Federal Reserve. Moreover, by "imminent," it is almost implied that spring is approaching. Furthermore, the mere fact that inflation is slowing down is reason enough for the dollar to weaken. Any change in expectations regarding the Fed's actions will only intensify this process.
The flat phase has led to fluctuations along the 1.2600 level, indicating typical uncertainty in the subsequent movement.
On the four-hour chart, the RSI technical indicator is hovering along the 50 midline, which confirms the flat phase.
Meanwhile, the Alligator's MAs are intertwined in the 4-hour chart, another confirmation of a flat market.
Based on the current price fluctuations, we can assume that the flat phase may be classified as a process of the balance of trading forces. Traders may focus on the boundaries of 1.2600/1.2650.
The complex indicator analysis points to a flat phase in the short-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।
