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!
By the close of yesterday's session, reflecting the results of the U.S. elections, the British pound reached the target support level of 1.2859. The price slightly corrected this decline this morning, forming a double convergence with the Marlin oscillator. Today's primary focus will be the Bank of England's monetary policy decision. Not long ago, concerns about a potential double rate cut were circulating in the market, but ahead of today's meeting, investors are firmly expecting a quarter-point rate cut.
From a technical perspective, investors have not yet priced in even this standard rate cut, mainly due to speculative surges seen during the second and third weeks of September. As a result, pressure on the pound shows no signs of easing—unless the U.S. Federal Reserve's expected quarter-point rate cut later tonight helps alleviate some of this pressure. The price may continue consolidating within the broad 1.2859–1.2994 range based on a combination of factors.
Convergence is already complete in the four-hour time frame, pushing the price upward. If the price breaks above the Kijun-sen line, surpassing 1.2937, it will open the way toward the 1.2994 target.
*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।
