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!
On Tuesday, the British pound rose by 27 pips, closing the day below the 1.2708 resistance level after briefly breaching it during the session. Today, the pound starts slightly weakening as the balance line reinforces the reached level. Today's focus will be on the Federal Reserve's decision to lower rates by 0.25%, with consideration for the Bank of England's expected decision to maintain rates tomorrow.
From a purely technical standpoint, the pound has all the conditions for a potential move into the 1.2816/47 range, even as a false breakout against the market trend, with a subsequent return below the 1.2616 level if the market adopts a downward direction. However, the current sentiment for the pound appears slightly bearish, as the Marlin oscillator hints at a reversal.
On the H4 chart, the price did not manage to break above the balance line resistance. There was no consolidation above the 1.2708 level. Marlin is moving in tandem with the price. Without breaking the reversal setup, the price may test the MACD line resistance at 1.2750. A break above the MACD line would open the target range of 1.2816/47.
*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।
