MehranIRTR

MehranIRTR Updated 

Hello I think the euro has reached the oversold point and the possibility of an upward trend is very high. In fact, the dollar is overbought and needs a correction or change in trend. I can find a butterfly pattern in this area in daily time which indicates a possible reversal here. I was expecting a rise last week when the inflation index was released and ended...

MehranIRTR Updated 

Hello I think that this downward trend continues and can continue to fall at least until the price of 1.07810. In this week, there is a potential for the price to drop further up to 1.069. If you look at the chart in the 1-hour time frame, the falling wave that started on March 21 lasted 37 candles, and in the 37 hours after that, almost 38.2% of the wave has been...

MehranIRTR Updated 

Hello I think that the euro is overbought at this price and a sell position has been created. Here, in terms of technical analysis, a butterfly pattern has been formed. There were good resistances in the past. From a fundamental point of view, this week the most important news of the month will be published, including the inflation index, which strongly affects...

MehranIRTR Updated 

Hello In the Euro chart, the 1-hour time frame consists of three 110-pipi waves from August 24. Do you think the fourth wave that started on September 1 can end at 110 pips? I think it is possible.

MehranIRTR Updated 

Hello I think in this price range, a correction or return of the trend is ahead. This range has been a support and resistance level in the past few months. I expect the price to rise to at least 1.08925. In my opinion, setting the target at the beginning of trading is a mistake, and the target should be identified during trading by using the price movement and...

MehranIRTR Updated 

Hello friends If you look at the one-hour chart of the euro, you will see that the long and fast waves have turned into short and calm waves. This is one of the signs of the end of a trend. The price range of 1.08500 to 1.08300 has been a good support range in the past and can be a barrier for further price reduction. I hope that the price will reach at least 1.09400.

MehranIRTR Updated 

Hello I think that this downward trend that started on July 18 is still a strong and continuous downward trend and a price correction may take place in this range. Due to the fact that the FOMC statement will be published on July 26, all attention has been drawn to increasing or stopping interest rate increases. Of course, interest rate increase is a delayed...

MehranIRTR Updated 

Hello It seems that the euro has no intention of falling short. Many fundamental factors play a role in the rise of the euro as well as the fall of the dollar. We all know that the price moves in the form of a trend and correction. Here, a bearish butterfly pattern is formed on the daily time frame. I think in this range, a correction will be made up to 38.2 of...

MehranIRTR Updated 

Hello I have two views on EURUSD. Both of them refer to price reduction. In this analysis, I have specified 2 yellow and red ranges. 1- At the beginning of the week, the price starts to decrease from the yellow range. 2- The price rises up to the red range and then starts to decrease. These two ranges are two strong resistances to break, which I give a low...

MehranIRTR Updated 

Hello I believe that this bearish trend that started on June 22 is still going on and this is a correction that is nearing its end. But how far does it go? The price may rise to 1.09775 and then fall. My first target is 1.08900 which is a good support area. But it is likely that lower numbers will be touched as well. Also, the consumer confidence index is...

MehranIRTR Updated 

Hello The euro is at a sensitive price and a downward trend may begin. I think the price will fall at least until the previous support that was formed on June 14, and then the direction of the price should be determined according to the market conditions. My first target is the price of 1.08650, but I still expect a further drop.

MehranIRTR Updated 

Hello My analysis is that this downtrend may have come to an end and an uptrend or at least a price correction is forming here. According to the floor formed on May 15 and the price movement, it can be understood that the price does not want to fall further. But anything can happen. what does anyone know If the trend changes and the price goes up, my first target...

MehranIRTR Updated 

Hello My analysis is that this upward trend has ended or is close to ending. Today the Retail Sales index will be published and I prefer to wait until it is published. In case of falling, my first target is 1.09140.

MehranIRTR Updated 

Hello This week, there is a possibility of an increase in the interest rate of the dollar. Given that inflation expectations will increase in April, I expect the dollar to strengthen against the euro. My first target is the price of 1.05750, but I think that in the future the price will go beyond the floor formed on March 15. From the point of view of technical...

MehranIRTR Updated 

Hi everyone I think the downward trend is slowly coming to an end. In this exceptional position, there are 3 Harmonic patterns in the price range of 1.05750. One ABCD pattern and two large and small Deep Crab patterns. With successive interest rate increases by FED and ECB, these two currencies have a lot of competition. In the next week, important news will be...

MehranIRTR Updated 

Hello The euro is in a downward trend. Overall, I expect the dollar to strengthen further, but my guess is that a correction or pullback to the 1.06550 price range will occur. With a 0.25% interest rate hike last week, the Fed is looking at a contractionary economy and reduced liquidity, and this hike may be the end of the cycle. Inflation indices will also be...

MehranIRTR Updated 

Hello traders In the coming week, important economic news will be published, which have a red color in terms of importance. (You can check them out on the Forex Factory website). With the increase in the interest rate of the dollar, we saw its growth against other currencies. In my opinion, the market tends to equalize the value of the dollar and the euro. In...

MehranIRTR Updated 

I think the dollar has entered an expansion period with a 0.50-point increase in interest rates last week and the end of the dollar contraction. Investors will focus on US CPI figures in April, and if there is a sharp decline, my first target is 1.0745. Bonds are also issued this week. Inflation and inflation expectations have a declining effect on bond yields and...