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
Over the last four sessions, the British pound has been consolidating above the support at 1.2596 and below the balance indicator line. Most likely, this pattern will lead to a break below the support and the price will fall to the first target at 1.2500.
The signal line of the Marlin oscillator is moving horizontally in the downtrend territory, which also hinders the price from building a corrective rise. If the price manages to break above, it will encounter intermediate (and not weak) resistance at 1.2666 - the low of March 19.
On the 4-hour chart, the price has come close to the MACD line, and the Marlin oscillator is attempting to rise in the positive territory - helping the price to rise above the MACD line. If the price can overcome not only the MACD line but also the key level of 1.2666, the upward movement may extend to the target level of 1.2745. However, for now, we're waiting for a price reversal from the nearest resistance and an attempt to break below the support at 1.2596.
*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।
