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 Monday, the pound rose by 53 pips and is now testing the resistance level at 1.3001. A breakout above this level would propel the pound's growth toward 1.3101. However, the pound must navigate the Federal Reserve's monetary policy decision tomorrow and the Bank of England meeting the following day.
From a technical standpoint, the price could fall to the support range of 1.2816 to 1.2847 due to speculative movements, but for now, the overall trend remains upward.
On the four-hour chart, the Marlin oscillator has broken out of its range to the upside, providing some optimism for the bulls. However, the consolidation range for the next day and a half (until the Fed's announcement) is rather narrow, limited by the MACD line at 1.2953 (a span of just 44 pips). The price may not be able to sustain this compression and could break out of the range prematurely, resulting in a false move. If the price consolidates above 1.3001, it would pave the way for growth toward 1.3101 and possibly up to 1.3184. From a purely technical perspective, the trend remains bullish and is not yet in an overbought condition.
*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।
