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!
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The British pound could not break through the resistance levels of the balance indicator line (red) and the MA34 line (green). Thursday's price decline amounted to 75 pips. The Marlin oscillator is still preparing to cross into a downtrend zone, while the price has already broken below the nearest support level at 1.2708 and is approaching 1.2616.
The 1.2616 level will likely coincide with where Marlin touches the zero line, giving this support level strategic importance. A consolidation below it would open the path for further declines toward 1.2447, while a return above 1.2708 would improve the pound's chances of retesting the indicator lines and targeting the range of 1.2816/47.
On the H4 chart, the price has consolidated below the 1.2708 level and both indicator lines. The Marlin oscillator deepens into the negative territory, suggesting the pair might correct or consolidate. The 1.2708 level serves as the boundary for any such corrective movements. A short-term test of the MACD line (1.2734) is possible as a false breakout above the level.
*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।
