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!
Last year, despite monthly fluctuations that included rises, declines, and recoveries, the market closed with an overall optimistic bullish candlestick, where the upper shadow was slightly longer than the lower shadow. Based on the yearly results, a renewal of the maximum extreme of 2024 at 161.96 could restore and continue the uptrend. This level now serves as the nearest and primary target for bullish traders.
If the bulls lose support at the daily short-term trend of 157.46, a corrective decline could gather momentum, shifting market focus to testing the next support levels of the Ichimoku daily golden cross (155.26, 154.13, and 153.01) with the goal of breaking and neutralizing these levels. At the same time, bearish traders may push into the weekly cloud at 156.07 and test the weekly short-term trend at 153.76.
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Last year, the pair left a relatively long upper shadow. In 2025, the focus will be on whether the bulls can overcome this shadow and continue the uptrend. Currently, the pair's position is uncertain, with no clear leader. The bears have a slight advantage at present but are encountering a wide support zone where any level could halt the decline and trigger a rebound.
The support zone (161.43 – 161.38 – 160.90 – 160.89 – 160.51 – 160.33 – 159.96) includes levels from various timeframes.
Similarly, the bulls face significant challenges with a resistance zone overhead (162.85 – 162.96 – 163.38 – 164.86 – 165.84), which comprises levels from multiple timeframes. If they can successfully overcome this resistance zone, the pair will be closer to the nearest maximum high at 166.63 and will meet the breakout target of the daily cloud. This scenario would be supported by a rebound from the current support level at 161.43.
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*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।
