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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On the daily chart, both the price and the Marlin oscillator are forming triangles. If it weren't for the downward pressure from the MACD line, the trend would likely be predominantly bullish. However, given the current circumstances, the probability of the trend remains uncertain.
It can be inferred that this triangle represents a sideways trend within the 1.4260 to 1.4465 range. If the market gains enough strength to initiate an upward movement, a key signal would be a consolidation above the 1.4465 level.
A downward movement is more complex. For a decline to take place, the price must break not only the 1.4260 support level but also the embedded green price channel line, which is around the 1.4188 mark.
On the four-hour chart, the price is positioned below the MACD line but remains above the balance line, indicating that the current decline is corrective. The Marlin oscillator is hovering near the zero line, which also suggests an uncertain situation. As it stands, we need to wait for a natural resolution of this indecisiveness within the sideways trend.
*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।
