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!
Today, the British pound opened with a bullish gap of 50 pips. Typically, after reaching the nearest resistance level (in this case, 1.2994), the price would turn around to close the gap. However, the situation is anything but typical, with the U.S. presidential election on November 5-6 and monetary policy decisions from the Federal Reserve and Bank of England on November 7. There are even rumors (or, more precisely, views from some commentators in the Western press) that the BoE might lower the rate by 0.50%. This anticipation of significant events in the coming days has created an apparent overload in the market.
In this environment, it's impossible to calculate the currency's movement precisely. For now, the pound shows a tendency to rise, meaning that if it moves above the resistance at 1.2994, the price may continue upward toward 1.3080. Whether it has the strength for further growth will become apparent after the election. The convergence between the price and the Marlin oscillator is still in effect.
On the H4 chart, the situation remains entirely bullish—the price rises above both indicator lines, and the Marlin oscillator is also climbing after moving into positive territory this morning. Moving below the MACD line (1.2915) would extend the decline to the first target of 1.2859.
*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।
