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!
Amid yesterday's surge in risk appetite and general market optimism (S&P 500 +0.72%, WTI +2.78%, Dollar Index -0.76%), the British pound did not attempt to test the target support at 1.3101. Instead, it moved upward and reached the target resistance level at 1.3311.
This morning, the price continues to press against the reached resistance level, supported by the Marlin oscillator moving into positive territory. A confident breakout above this level would allow further growth toward the target at 1.3433. Beyond that, a continued advance toward the upper boundary of the price channel near the 1.3530 mark is likely.
On the four-hour chart, the price has settled above the MACD indicator line, which increases the likelihood of consolidation above the 1.3311 resistance level. Once this happens, the path toward 1.3433 opens up. This is the primary scenario. The Marlin oscillator has confirmed its position in bullish territory.
An alternative scenario may unfold if the price falls below the support level from May 1–6 at 1.3257 (highlighted by the gray rectangle). This level also approximately marks the midpoint between the 1.3208 and 1.3311 levels.
*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।
