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!
The Cable remains firm and holding near a five-week high on Friday, challenging key barriers at 1.3990/1.4000 (Fibo 61.8% of 1.4249/1.3571/twisting daily cloud/psychological).
The pair advanced strongly this week and is on track for the biggest weekly gains since the last week of August 2020, lifted by the softer dollar after the dovish Fed's rhetoric and improved sentiment amid a fall in coronavirus cases in Britain.
Technical studies on the daily and weekly charts are in the bullish setup and support the advance. However, strongly overbought daily stochastic warns that bulls may face headwinds from 1.40 resistance zone.
End of week profit-taking after about 1.5% weekly advance, could also contribute.
Corrective dips are expected to offer better buying opportunities and should be ideally contained at 1.3920/00 zone, with possible extended downticks to find ground above 1.3824 (Fibo 38.2% of 1.3571/1.3981 rally) to keep bulls in play.
Completion of reversal pattern on weekly chart signals that 1.4249/1.3571 corrective phase is likely over that gives a boost for bulls to push through 1.40 pivot.
Res: 1.3990, 1.4000, 1.4073, 1.4089.
Sup: 1.3922, 1.3900, 1.3842, 1.3824.
*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。
InstaSpot分析评论将让您充分了解市场趋势！ 作为InstaSpot的客户，您将获得大量的免费服务以实现有效的交易。
