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!
EUR/USD
The euro is rising for the fourth consecutive day. The gap at 1.1741 is close to being filled, and slightly above it lies the key target level at 1.1779. On the daily chart, the Marlin oscillator's signal line is breaking into the territory of an uptrend. The current outlook appears optimistic, but correlated markets are signaling a possible reversal: yesterday, the S&P 500 declined by 0.63%, oil dropped by 1.48%, and the yield on 5-year U.S. Treasuries fell from 3.61% to 3.53%. If this trend continues, even at a slower pace, the euro is unlikely to reach 1.1908 (the upper boundary of the price channel).
Today, eurozone inflation data for September will be released. The forecast for the CPI is an increase from 2.0% y/y to 2.2% y/y. If this forecast proves accurate, the euro could reach the 1.1779 target within two to three days. However, if the price falls back below the MACD line (1.1660), the euro might become stuck in a sideways range—similar to the pattern observed in August ahead of the September Fed meeting. Now, markets look ahead to the next Federal Reserve meeting, which is just over a week away.
On the four-hour chart, the price continues rising above the indicator lines. The MACD line is beginning to curve upward, while the Marlin oscillator shows a downward bias. These mixed signals—especially on a Friday and on the day of a major CPI release—create ideal conditions for closing long positions.
*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।
