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AVAX in important zoneAs we can see, this Quinn has reached a good place and in case of defeat of this area and pullback, we can expect good from it.
If he can not successfully pass this level with the top, he expects it to fall according to the figure.
what is your opinion ?
This is a personal analysis and not an investment signal.
be happy
ALBT We see that it is approaching its own support area and is expected to be supported here
you can invest in it for a while, but first make sure that the trend changes and rises
what is your opinion ?
This is a personal analysis and not an investment signal.
be happy
A prediction for eur/usdIn this post, we analyze the most popular Forex currency pairs, the EUR / USD or the Euro against the US Dollar. We identify important areas according to the fundamental news and modern price action and predict the signals.
A sharp drop in prices
Members of the Federal Reserve and the US Treasury Secretary commented on the decision to control inflation and reduce unemployment
Unemployment data from European countries such as Germany and France were also released.
European countries and the United States are in the post-corona era, accompanied by rising inflation, rising prices of labor and goods and services.
Rising inflation, on the one hand, and corona restrictions, on the other, have led to rising unemployment in Europe and the United States.
Federal Reserve
According to Mr. Powell, it is assumed that by the end of 2021 there will be no significant change in interest rates and inflation, and this will cause the dollar to depreciate.
Technical
The value of the euro against the dollar has reached one of its lowest levels in history, which was above the level of support from July 24 until yesterday. Level 1.156 is a strong resistance which is crossed several times during the night
The 1.159 ceiling is also an important resistance that was broken several times last night.
Forecast
I think the market is waiting for US PMI data to determine if the dollar is still falling. But according to the main news, the PMI is likely to be lower than expected.
This could weaken the dollar and strengthen the euro.
Signal
Buy between 1.157.6 and 1.157
Profits 1.159.8, 1.16, 1.162 and 1.165
Losses 1.156 to 1.155.5
Please read this prediction and comment
usdcad analysisIn the short term, there is an uptrend that is resisting at 1.27.
In the 1 hour time frame, there is a downward trend that started on September 20 and this trend continues due to the formation of successive H and L.
The downtrend will continue unless the price can cross the resistance level of 1.273.
Data on Canada's PMI and GDP will be released on Friday. This data is very important for the currency pair because it can have a direct impact on the value of the Canadian dollar against the US dollar.
In a period of 15 minutes, a triangular pattern is seen
However, in the downtrend, the price is likely to continue to the main level of 1.26 and then 1.258.
The stop loss in these transactions will be more than 1.273
My idea is a short positionGold is in a 4-hour chart inside a strong bearish channel. In the lower chart, it is inside a descending channel, which must reach a price of at least 1770 to reach the ceiling of the channel.
According to US news, the Federal Reserve and their decision on bonds and interest rates, the dollar is unlikely to fall this week.
The idea of most traders is a long position. But I suggest the short position until the end of the market working hours.
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Downtrend IN EURThe euro is in a downtrend that hit a two-day low on Monday.
There is an FOMC meeting tonight and we will probably have a dollar pump after this meeting.
We also had a dump, after which a rectangular pattern was formed, and since the long-term trend is downward, the probability of reaching the bottom of the channel is high.
EURUSD chart forecastIn the name of God
Hi
The current price is in the range ( blue BUY ZONE ). Several modes can be considered:
1- The price should move upwards and towards ( SELL ZONE ) after a pullback. ----- LONG
2- The price should move upwards and then downwards after a pullback. Simply put, a volatile market.
3- The price should move downwards and towards ( purple BUY ZONE ) after a pullback. ----SHORT
Of course, given the economic data that is about to be released, and given the level of support that exists, it is very unlikely that the price will move below the purple ( BUY ZONE ) level.
In my opinion, the bullish market and the volatile market are the most likely.
Also, since the chart is in a downward trend, the floor and ceiling of this canal are a good place to enter.
This is my first analysis. I hope you help me become a professional with your good comments.