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!
Orders for durable goods in the United States unexpectedly rose by 0.2% in August, despite expectations of a 1.4% decline. This disparity in expectations led to the subsequent strengthening of the U.S. dollar.
The EUR/USD currency pair reached the 1.0500 support level during the inertial movement. As a result, a reduction in short positions was observed, but a speculative bearish sentiment still prevails among market participants.
The GBP/USD pair stabilized below the 1.2150 level, indicating a prevailing bearish sentiment among market participants.
Today, the final GDP data for the United States is expected to be published, but it is expected to merely confirm the preliminary estimates already factored in by the market.
Attention may be drawn to the U.S. jobless claims, where an increase is anticipated. Detailed statistical data shows that the volume of continuing jobless claims may rise from 1.662 million to 1.675 million, while initial jobless claims may increase from 201,000 to 215,000.
Time Targeting
EU GDP – 12:30 UTC
U.S. Jobless Claims – 12:30 UTC
Stabilization of the price below the 1.0500 support level may further weaken the euro's exchange rate, contrary to technical signals of oversold conditions. In this case, the inertial trend driven by speculators may persist in the market for some time.
As for the bullish scenario, traders view it as a technical rebound. The area around the 1.0500 support level may serve as a support.
In case the inertial trend persists in the market, and traders continue to ignore the technical oversold signal of the British pound, a subsequent decline in the exchange rate towards the psychological level of 1.2000 is possible.
The candlestick chart type is white and black graphic rectangles with lines above and below. With a detailed analysis of each individual candle, you can see its characteristics relative to a particular time frame: opening price, closing price, intraday high and low.
Horizontal levels are price coordinates, relative to which a price may stop or reverse its trajectory. In the market, these levels are called support and resistance.
Circles and rectangles are highlighted examples where the price reversed in history. This color highlighting indicates horizontal lines that may put pressure on the asset's price in the future.
The up/down arrows are landmarks of the possible price direction in the future.
*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।
