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!
Currently, the market is testing monthly support levels at 79,773 – 75,446. A consolidation below this area would give bears control over these levels and invalidate the Ichimoku weekly golden cross (78,416), opening up new bearish opportunities. The next support would be the monthly medium-term trend at 64,779. In case of a rebound from the current support zone, a retest of previously broken weekly levels, which now act as resistance, can be expected. Current resistances are located at 86,203 – 86,947 – 91,815.
On the daily timeframe, yesterday's price action formed preliminary signals for a rebound from the support levels of higher timeframes. The market remains in the gravitational zone of the tested levels, currently 78,416 – 79,773, but bulls may resume the upward move at any moment by breaking through the daily Ichimoku cross resistances (81,602 – 83,287). The next bullish target is the lower boundary of the daily cloud at 86,335, reinforced by the weekly levels (86,203 – 86,947).
On lower timeframes, the primary advantage lies with the bears. However, the opposing side is actively trying to shift the balance and is currently close to testing the weekly long-term trend at 81,693. Gaining control of this trend would grant a key advantage. If bulls seize and reverse this trend, intraday targets will be the classic Pivot resistance levels at 81,914 – 84,917 – 88,644. However, if there is a rejection from the trend (81,693), the market focus will shift to testing classic Pivot support levels at 78,187 – 75,184 – 71,457 – 68,454.
***
*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।