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!
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GBP/USD
Last Friday, the British pound moved in both directions, closing the day at the opening level, without testing any of the levels. The untested line of the D1 MACD remained at the top, which is why the price is trying to rise in order to test it (1.2640).
If the quote can consolidate above this level, then a good growth prospect will open at 1.2745. Along with a consolidation above 1.2640, the Marlin oscillator should enter the positive territory. For this to happen, the pound needs strong external support, like if the stock market rises. If this does not happen, the main scenario will remain in force, and according to it, the price is expected to turn down from strong resistance levels and fall below the support at 1.2524, which will open the target level of 1.2373.
On the 4-hour chart, the price has crossed above the balance and MACD indicator lines, and Marlin has settled in the uptrend territory. It seems that it will rise further, but there are strong resistances on the higher timeframes and fundamental and correlation factors are also uncertain. Today, the US and Canadian markets are closed for a holiday. We are waiting for further developments from Tuesday onwards.
*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।
