Mohammad_Mirdehghan

Mohammad_Mirdehghan Updated 

Following the market's reaction to Powell's speech last night, the pound-dollar trend is showing signs of stabilization within a neutral range in anticipation of next week's news.

Mohammad_Mirdehghan Updated 

This week, as the stock market experienced a decline, prices reached levels that are considered low-risk and can be seen as suitable for support. Despite Powell's statements, American investors remain hesitant to make quick moves, as they perceive the possibility of it being a bluff. Powell's testimony in Gangreh concluded with a series of ambiguous statements,...

Mohammad_Mirdehghan Updated 

The Australian dollar fell toward $0.615 after the Reserve Bank of Australia said in its latest policy meeting minutes the decision to raise interest rates by 25 basis points in June was “finely balanced,” easing expectations of further tightening in the coming months. Still, the board said they will do what is needed to bring inflation back to the 2%-3% target...

Mohammad_Mirdehghan Updated 

There is still room for the weakening of the dollar in the market, but what happened this week has slowed down the process. Holding meetings to determine bank interest rates in Switzerland and England and Powell's testimony in Congress have all made the market cautious.

Mohammad_Mirdehghan Updated 

Here, from a comparative perspective, we observe similarities between the current situation and the beginning of the previous upward movement in 2020. A spike pattern was formed as a result of a bullish crash in the US dollar, which acted as a closing move for the dollar's decline. In contrast, the current crash was triggered by an intra-market event specific to...

Mohammad_Mirdehghan Updated 

The market's current reluctance to accept a 3.65% rate and the potential for further dollar support can act as resistance for gold, confirming the bearish scenario. A break of the 1954 dollar pivot could serve as a suitable confirmation for the continuation of the downward trend.

Mohammad_Mirdehghan Updated 

The prospect of higher UK inflation and potential interest rate hikes by the Bank of England compared to the Eurozone strengthens the pound. Ongoing market patterns support the idea of selling the euro in favor of the pound. Furthermore, the recent breach of the previous support level at 0.8540 indicates an increased likelihood of a decline towards the next...

Mohammad_Mirdehghan Updated 

In the current situation, Bitcoin has experienced a dual scenario due to fundamental conditions in the past month. The inflation rate for the United States has remained steady at around five and a half percent, and discussions have taken place regarding raising the debt ceiling and its impact on the market. The risk associated with Bitcoin, along with the...

Mohammad_Mirdehghan Updated 

During the past week, the price of gold remained within the trading range of $1970 to $1938. This indicates that the market requires additional information in order to break out of this range. The upcoming release of inflation data and the Federal Reserve meeting next week will likely provide the market with the necessary clues. Given the current circumstances,...

Mohammad_Mirdehghan Updated 

This picture describes the main macroeconomic events that have had significant effects on the Ethereum price trend in 6 points. 1) POW change to POS. 2) Continued growth of the inflation rate and increased pressure of 75 units of the interest rate. 3) The ceiling has formed in the Core CPI rate, indicating stabilization of the maximum inflation level in the...

Mohammad_Mirdehghan Updated 

Wall Street futures rose more than 1 percent on Tuesday as falling U.S. Treasury yields boosted demand for stocks and investors awaited more economic data to gauge the path of monetary tightening. Data on jobs and factory orders will take center stage after the market opens, a day after weaker-than-expected manufacturing activity showed rate hikes tamed demand...

Mohammad_Mirdehghan Updated 

Examining the four-hour time frame and analyzing the Elliott patterns show that the recent uptrend in gold has strongly confirmed that the downtrend that started on August 10 has been completed at the bottom of September 28 and is building a major corrective movement. The most important point is that the rotation of momentum in the weekly time frame is a...

Mohammad_Mirdehghan

As the price of Bitcoin moves forward after falling to its most recent bottom in the past two months, it is showing a clearer picture of the pattern being formed. During the last month, the price trends did not go below the support range of 18,900-18,500 dollars, and the market has recognized the price of 18,000 dollars as a floor. In the midst of the buts and...

Mohammad_Mirdehghan Updated 

The upward trend continues Momentum in the daily time frame continues to show an increase in the willingness to buy. In the fifteen minute time frame, the previous pivots indicate an uptrend.

Mohammad_Mirdehghan

Due to the shape and pattern of the recent downward movement and the creation of a neutral movement after that, the probability of continuing the downward movement after the completion of this pattern is high.

Mohammad_Mirdehghan

The price trend is moving in the upward channel We expect the trend to reach the specified range

Mohammad_Mirdehghan Updated 

A midday position

Mohammad_Mirdehghan Updated 

We are waiting for support within the specified limits