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!
GBP/USD
Yesterday's economic reports showed weak figures for construction, manufacturing, and trade balance in the UK. However, the dramatic decline in the US CPI pulled the pound above the target resistance at 1.2826. And as a result, the pound gained 57 pips.
On the daily timeframe, this rise formed a double divergence with the Marlin oscillator. Now, following the drop below 1.2745, we expect the price to fall towards the MACD line around 1.2640. If the price manages to consolidate above 1.2826 and surpass yesterday's high of 1.2859, we expect it to rise towards the target level of 1.2940.
The price seems overbought on the 4-hour chart, but the decline is being supported by the balance indicator line (red moving average), and the Marlin oscillator is still in the positive territory. We anticipate a gradual decline towards the MACD line (1.2764). A drop below this line would suggest that the bulls are getting weaker, as well as readiness to test support at 1.2745.
*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।
