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!
Updated U.S. labor market data will be released next week. If they again show weakness—which is the more likely scenario—expectations for an imminent interest rate cut will rise once more.
Next week, updated U.S. labor market data will be published. If they once again indicate weakness, as is most likely, expectations of a near-term interest rate reduction will increase, which could support the pair and allow it to rise toward the upper boundary of the medium-term upward trend.
From a technical perspective, the pair is consolidating while trading below the 1.1830 resistance level. A breakout above this level would open the way for further growth.
Technical picture and trading idea:
The price is above the middle line of the Bollinger Bands, as well as above the 5-period and 14-period simple moving averages (SMA), whose crossover generates a buy signal. The RSI is above the 50% level, also signaling a buy. The Stochastic indicator is rising and crossing above the 50% level.
A move above 1.1830 could lead to growth toward 1.1925 as early as next week. The 1.1840 level may serve as an entry point for long positions.
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
