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!
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GBP/USD
The British pound is rising, but the accompanying Marlin oscillator is quite weak. Before the bulls are not just the desired targets — 1.3834, 1.3935, etc. — but also potential traps from which the bears could launch an unstoppable offensive.
On the daily chart, the trend remains upward, which is also confirmed by the Marlin oscillator breaking upward out of its own descending channel. However, there is also suspicion that this might be a trap — it may be a false breakout from the channel, similar to what occurred on May 12, when it was a breakout to the downside (highlighted by a yellow rectangle).A trend reversal would occur if the price breaks below the support level at 1.3635, which is additionally reinforced by the MACD line.
On the four-hour chart, the price appears to be finishing a consolidation phase. During this consolidation, the Marlin oscillator has had time to decompress and prepare for further growth. As long as the trend remains intact and no signs of reversal appear, we expect the price to continue moving gradually upward.
*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।
