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!
GBP/USD
On Thursday, the British pound gained over 30 pips on a rebound from the MACD line support. This morning, the pound remains in a positive mood; however, the Marlin oscillator is now approaching the zero line.
If no profit-taking occurs today, the pound has every chance to continue its advance toward the 1.3525 target. If the day ends with a bearish (black) candle, the technical picture may become muddled within the psychological cycle of market anticipation ahead of the Fed meeting on October 29.
It is also worth noting that the support level of 1.3369 and the MACD line at 1.3393 currently form a support range of 24 pips. Breaking below this zone will be difficult, which means that market participants are likely to seek buying opportunities—perhaps after today's consolidation, or early next week on Monday.
On the four-hour chart, the price is consolidating within a narrow range established in late September. The Marlin oscillator is slightly declining, supporting this sideways movement. We expect a continuation of the current flat phase, which could later lead to another upward leg.
*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।
