Mohammad_Mirdehghan

Mohammad_Mirdehghan Updated 

This pattern increases the likelihood that the uptrend is nearing its end this week. If the price cannot break 25.35-25.40, I expect the price to retreat to the level of 24.65-24.60.

Mohammad_Mirdehghan Updated 

Considering the one-day stagnation in the price of gold after an upward week, the possibility of a deeper price correction seems likely. If the one-hour candle does not close above the level of 2038-2041 dollars, I consider it probable that the decrease will continue to the specified ranges. If the price makes an hourly close above 2041, growth to the level of...

Mohammad_Mirdehghan Updated 

In the one-hour time frame, Bitcoin has established a resistance level of $37,800-$38,000 and a support level of $35,250-$34,950. To reach the support level again, it is necessary to break the level of $36,600.

Mohammad_Mirdehghan Updated 

The current of the trend indicates that the recent bullish single wave has been completed Momentum flow has taken a downward turn again. The price shows another downtrend in the path of the regression channel, which is confirmed by the break of the 1.2405-1.2391 support. The failure of this support level in the 30-minute time frame increases the possibility of...

Mohammad_Mirdehghan Updated 

The creation of a higher ceiling, which has made the formation of a higher floor possible, has now confirmed its upward rotation and we can expect continued growth up to the ceiling of the channel.

Mohammad_Mirdehghan Updated 

With the completion of this structure, the market is ready to continue the upward trend in the intraday time frames

Mohammad_Mirdehghan Updated 

Sustaining the support range of $41.25 - $42.30 enhances the likelihood of the price continuing to rise towards the $49.20 level.

Mohammad_Mirdehghan

The Ethereum to Bitcoin price ratio chart indicates that Ethereum's price remains influenced by the fluctuations in Bitcoin's price. The pattern displayed on this chart suggests that Ethereum is likely to endure buying pressure from Bitcoin in the market. However, the ideal range to anticipate a more substantial movement for Ethereum against Bitcoin would be...

Mohammad_Mirdehghan Updated 

U.S. inflation, which had been rising since the last quarter due to a resurgence in oil prices, is now leading investors to anticipate lower inflation next month as oil prices stabilize. This trend is causing global banks to become sellers of dollars. The price of oil is expected to decline in the upcoming days and reach the $77 level.

Mohammad_Mirdehghan Updated 

As the dollar experiences significant appreciation against other currencies, the price of oil is gradually declining as concerns about the Middle East conflict diminish. This further supports expectations of lower inflation, which ultimately does not bode well for the dollar.

Mohammad_Mirdehghan

Bitcoin, which has been driven upwards by the fundamental weaknesses in the dollar's return, is now experiencing a surge in investor interest. In light of the dollar's fundamental weaknesses, Bitcoin is swiftly striving to sustain its upward trajectory, aiming to bring further joy to investors by the end of 2023.

Mohammad_Mirdehghan Updated 

In recent days, the euro's movements against the Australian dollar have widened within a converging range. More recently, the price has resumed a downward trajectory within this pattern. Meanwhile, the emergence of a harmonic bat pattern could signal a potential reversal towards the upper boundary of the pattern.

Mohammad_Mirdehghan Updated 

Federal Reserve Chair Jerome Powell said in his testimony to Congress that further interest rate rises are likely ahead if the economy maintains its current trajectory. Meanwhile, the Bank of England delivered a larger-than-expected 50 basis point rate hike on Thursday, stoking fears of an economic slowdown in the UK.

Mohammad_Mirdehghan Updated 

The UK's higher inflation rates and the certainty of a continued increase in the UK bank interest rate have contributed to the pound's strength against the dollar, causing some hesitations in the market.

Mohammad_Mirdehghan Updated 

As the announcement of US GDP data approaches, the market is reverting back to previous price levels.

Mohammad_Mirdehghan Updated 

The U.S. dollar is pricing in ahead of Powell's speech tomorrow, reclaiming levels that were established last week before Powell's testimony.

Mohammad_Mirdehghan

The ongoing weakening of the yen is propelling the pound higher, leading to a significant bullish movement. The bullish trend within a new channel is pushing the pound to reach and surpass the next levels of upward momentum.

Mohammad_Mirdehghan

As the dollar continues to weaken and intensify, the expectation of support for the Japanese yen will increase at the previous support level