¡La leyenda en el equipo de InstaSpot!
¡Leyenda! ¿Cree que es una retórica grandilocuente? Pero, ¿cómo deberíamos llamar a un hombre, que se convirtió en el primer asiático en ganar el campeonato mundial de ajedrez júnior a los 18 años y en el primer Gran Maestro indio a los 19 años? Ese fue el comienzo de un camino difícil hacia el título de Campeón del Mundo para Viswanathan Anand, el hombre que se convirtió en parte de la historia del ajedrez para siempre. ¡Ahora una leyenda más en el equipo de InstaSpot!
Borussia es uno de los clubes de fútbol con más títulos en Alemania, que ha demostrado repetidamente a los fanáticos: el espíritu de competencia y liderazgo que ciertamente conducirán al éxito. Opere de la misma manera que los profesionales del deporte: con confianza y de forma activa. ¡Mantenga un "pase" del Borussia FC y lidere con InstaSpot!
Technical Overview
The EUR/USD currency pair recently achieved a new high. This follows the completion of a Cup and Handle pattern in the H4 time frame. The breakout occurred above the resistance level, reaching 1.1050. From the recent high of 1.1018, the target for this pattern is around 1.1310, suggesting a potential increase of approximately 2.66%.
Key Support Levels
The intraday support levels are identified at 1.1018 and 1.1010. The current market momentum is strong and positive, indicating that the bullish trend might continue in the short term.
Weekly Pivot Points
Pivot Points are crucial in identifying potential trend shifts, as well as support and resistance areas. The relevant levels for this week are:
Long-Term Outlook
On a weekly basis, the EUR/USD pair surpassed the 61% Fibonacci retracement level at 1.0963. To solidify this upward trend, a weekly close above this level is necessary. A confirmed breakout would hint at a potential long-term trend reversal favoring the Euro. The key support in this context is at 1.0666.
Hourly Indicator Summary
Market Sentiment
Current market sentiment is predominantly bullish, with 59% in favor versus 41% bearish. This trend aligns with last week's sentiment and the sentiment over the past three days.
Strategic Trading Insights
For bullish traders, maintaining positions above the key support level of 1.0666 could be strategic, especially if the pair sustains above the weekly pivot point. For bearish traders, a focus on potential reversals near the WR3 or if the pair drops below the current support levels could be crucial. Remember, market dynamics are subject to change and it's important to consider both potential gains and risks in trading decisions.
Useful Links
Important Reminder
The begginers in forex trading need to be very careful when making decisions about entering the market. Before the release of important reports, it is best to stay out of the market to avoid being caught in sharp market fluctuations due to increased volatility. If you decide to trade during the news release, then always place stop orders to minimize losses.
Without placing stop orders, you can very quickly lose your entire deposit, especially if you do not use money management and trade large volumes. For successful trading, you need to have a clear trading plan and stay focues and disciplined. Spontaneous trading decision based on the current market situation is an inherently losing strategy for a scalper or daytrader.
#instaforex #analysis #sebastianseliga
*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.
¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.
