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Yesterday, the British pound rose by four pips, pushing the Marlin oscillator lower and bringing it to touch the zero line.
We can now expect the upward signal to solidify and the price to rise toward the target level of 1.3101. We do not expect the Marlin oscillator to make a false move into bearish territory, which means we do not anticipate a decline to the lower target range of 1.2816 to 1.2847. This expectation is based on the fact that there have been no false signals on the oscillator throughout the visible chart since November of last year.
On the four-hour chart, it's clear that the price failed to consolidate above the signal level of 1.2944, and Marlin also failed to stay in positive territory. Today, we expect another attempt. A successful breakout will open the way to the nearest target of 1.3001, followed by a move toward 1.3101.
*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।
