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
On Tuesday, the British pound didn't even attempt to break through the resistance level at 1.3369. Instead, it worked through support at 1.3253, a level it previously approached but failed to reach on October 10.
By the end of the day, the daily candlestick left a long lower wick, which adds another signal supporting a potential upward reversal. The signal line of the Marlin oscillator is now pointing upward. The price must now complete two difficult tasks in succession: overcome the resistance of the 1.3369 target level, followed by the MACD line at 1.3400. A successful breakout through both would allow the market to aim for the next target at 1.3525.
On the four-hour chart, the price and the Marlin oscillator have formed a bullish divergence, and the oscillator's signal line has already consolidated in positive territory. This upward momentum from Marlin is timely, as an additional resistance level at 1.3351 (MACD line and the peak of the previous trading day) has now emerged on this timeframe.
*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।
