Our team has over 7,000,000 traders!
Every day we work together to improve trading. We get high results and move forward.
Recognition by millions of traders all over the world is the best appreciation of our work! You made your choice and we will do everything it takes to meet your expectations!
We are a great team together!
InstaSpot. Proud to work for you!
Actor, UFC 6 tournament champion and a true hero!
The man who made himself. The man that goes our way.
The secret behind Taktarov's success is constant movement towards the goal.
Reveal all the sides of your talent!
Discover, try, fail - but never stop!
InstaSpot. Your success story starts here!
The British currency remains under pressure from the broader market trend, where the key driver is the movement in crude oil prices. Rising oil prices support the pound against the dollar, while falling prices lead to a strengthening of the U.S. currency. This dynamic has taken hold this week and represents the main overarching trend across all markets except the bond market.
From a technical perspective, the pair has fallen below the 1.3385 level, which may lead to further short-term decline until the situation with oil price dynamics changes again.
Technical picture and trading idea:
The price is above the middle line of the Bollinger Bands, below the 5-period SMA, but still above the 14-period SMA. The RSI is above the 50% level but is actively declining. The Stochastic indicator is also falling and crossing below the 50% level.
A consolidation below 1.3385 could lead to a decline toward 1.3250 as early as next week. A potential entry point for selling could be around 1.3370.
*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।
