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!
Amid the lack of important European data today, more reports are emerging that Iran may withdraw from peace negotiations with the United States, but traders are ignoring them. At first glance, this seems somewhat paradoxical. One would expect geopolitical tensions—especially in such a sensitive region as the Middle East—to trigger noticeable nervousness in financial markets. However, despite statements about a possible breakdown in dialogue, we are seeing the opposite. Most likely, market participants understand that sooner or later Iran will agree to negotiations, as it has little alternative.
During today's U.S. session, there are no economic data releases scheduled, so all attention will be on new statements from Iran and the United States. This has already created an atmosphere of uncertainty, which traditionally affects markets, but in this case, in the absence of concrete data, price movements may be more speculative. Statements are expected to address both the current status of negotiations and possible compromises. Of particular interest are any signals about a resumption of dialogue or, conversely, a further escalation of disagreements.
If strong data were to appear, I would rely on the Momentum strategy. If there is no market reaction, I will continue using the Mean Reversion strategy.
Momentum strategy (breakout) for the second half of the day:
For EUR/USD:
For GBP/USD:
For USD/JPY:
Mean Reversion strategy (pullback) for the second half of the day:
For EUR/USD:
For GBP/USD:
For AUD/USD:
For USD/CAD:
*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।