XAU/USD Multitime frame analysisIn the weekly time frame, a triangle pattern is formed, and the break of this triangle upwards indicates a price jump of up to $ 2100.
In the 1-day timeframe, a triangle with bold blue is broken
In the 4-hour time frame, there is an ascending channel with the current price in the middle of this channel. The price can reach the bottom of the canal and then make an upward movement to the canal ceiling
In the 1-hour timeframe, the ascending triangle ceiling marked in white is broken once and returned to the inside of the triangle. So he can break this white line upwards once again
In the 20 minute time frame, we also have a triangular pattern that is formed from the two points of the previous ceiling. The price hit the floor of this triangle once and now it is about the middle of this pattern
Zabta
DXY multi time frame AnalysisIn the 1-day time frame, there is an ascending channel whose price has returned from the ceiling. This downward trend can continue until it reaches the bottom of the canal or change direction towards the canal roof
In the 4-hour chart, there is a downtrend that the price has moved down from the ceiling of this channel. It can react to one of the yellow lines on the bottom of the canal and then move upwards
In the 1 hour time frame, there is a down channel that the price is in the middle of this channel and can move both to the bottom of the channel and to the ceiling of the channel.
DXY AnalysisTo examine the dollar index with the symbol DXY, we first go to the fundamental.
Perhaps the most important data this week is the fundamental Unemployment Claims and then the Flash PMI. According to a previous chart review, whenever a lower Unemployment Claims is released, a long ascending candlestick is created in the 5-minute timeframe, and whenever it has a higher rate, a higher descending candlestick is created.
Flash PMI data has had less of an impact on the market than Unemployment Claims unless it is accompanied by other economic data.
Last week, most of the news about the dollar was negative or neutral. Like the PPI, which was lower than expected and caused it to fall from the range of 94.3 to the range of 93.8.
I think this week the decline will continue to 93.4 or 93.2. Especially when a triangle pattern is formed. Also, the downward movement can continue to create a Higher Low compared to the previous valley.
In the range of 93.6 we have this high chart that the price can react to that range. 93.23 and 92.97 can also be important ranges. On the other hand, we have a resistance above the price, which is area 94, and if it fails, the next resistance is 94.5.
In lower time frames, more support and resistance levels are seen. For example, the lower side of triangle 93.8 to which the price can react. Or even the ceiling of a triangle pattern that is close to the resistance of 94.1
Analysis XAU/USD and World War IIIIn this post, we will analyze the gold chart with the symbol XAU/USD
Gold is highly dependent on the value of the US dollar as well as global political developments.
Possible conflicts between China and Taiwan on the one hand and verbal conflicts between Iran and Azerbaijan and Turkey on the other hand could affect the price of gold.
The US stance against the Taliban's rise to power in Afghanistan, as well as the outcome of the Vienna talks between Iran and the p4+ 1, could also affect the global price of the precious metal.
But apart from the above issues, US fiscal policy also has an immediate impact on this chart. For example, this week there are reports of 10- and 30-year bonds that the Fed's policy could increase the value of the dollar and devalue the xau/usd , or vice versa, with the devaluation of the dollar, gold will gain strength.
CPI and other economic news data should not be underestimated either, as it can cause large uptrends or downtrends.
Another point is that the price of BITCOIN is rising and has attracted the attention of many small and large investors, which can also reduce the value of gold.
But based on technical analysis:
The US dollar index with the symbol DXY has formed a triangular pattern from which the exit is likely to occur this week. If the Fed pursues its current policy and postpones interest rate changes to the future, the dollar will probably hit the bottom of the triangle.
Gold is in the sell range, which is below the stop loss, because we see that this week's data is useful for the dollar, and this will continue the downward trend. That's why tp is around support.
A trend line has also played the role of resistance.
The MACD line was also able to break the SIGNAL line downwards, which is accompanied by a decline in the EMA 20 to 10, which confirms the downtrend.
multi-time frame of Shiba You can increase the price of Shiba by tagging #shiba00018
In early 2021, a large number of dog tokens were created and launched in imitation of the Dodge Quinn. These tokens were able to experience significant pumps without any support, project or development program, and many investors made significant profits through them, and of course, some people suffered huge losses.
Shiba Ino digital currency, although initially very similar to Dodge Quinn, entered the market with the slogan of Dogecoin Killer and the official site of this currency introduced itself with this name.
Sheiba first began to grow with the words of Mr. Ilan Mask and suddenly fell.
In this post, we will analyze the technical multi-time frame of Shiba based on modern price action style and trading volume of whales:
Ceiling and floor prices
The price of SHIBA varies in different exchanges, but based on the price of Bainance exchange, the following items are related to the ceiling and floor of this currency:
Previous ceiling: $ 0.00005015 on May 10, 2021
Current ceiling: $ 0.00003529 on October 7, 2021
Previous floor: $ 0.00000493
Current floor: $ 0.00002064
technical analysis
In the 10-hour timeframe, we saw a twin ceiling pattern, which reduced the price of this currency by about 41%.
Also in the same time frame (10 hours) we see the formation of a twin floor pattern that still has 4 hours left to close the candle and this candle is still red. But we expect growth at least up to 0.00003529.
What does Fibonacci say?
The current price is 0.00002275 in the range of 50% Fibonacci correction. The recent decline was in the range of 61.8% and the minimum probability of growth based on Fibonacci is an increase of 27.2%, ie the price of 0.00004166.
The size of the whales
According to the VPVR indicator, the current price range has the largest volume.
Important note :
You should note that as this currency has had a sudden rise and fall so far, it will continue to do so. But for a currency that has a good rating, this price is not reasonable. Let me remind you that until a few months ago, the price of Dodge Quinn was 0.0029 and now it is 0.244.
For Shiba, the price is expected to reach at least 0.00018.
multiple timeframe analysis AUD/USDAs can be seen in the 15-minute timeframe, a new bearish trend has taken shape, with a large bearish candlestick created as the idea was typed.
1- But the following figure is in the daily time interval that shows the long-term trend of the chart
2- The following figure is in the time interval of 10 hours, which shows the strength of the bearish resistance line.
3- The following figure in a period of 4 hours, in addition to showing the number of collisions with the trend line, has also compared the reactions after the collision.
4- The following figure shows us the creation of a double top pattern in a period of 1 hour. Also the short-term uptrend line that has been broken
AUD/USD Weekly AnalysisThe AUD/USD chart is inside a bearish channel with the current price at the top of this channel. In my opinion, the short-term uptrend will continue on Monday. This uptrend stops in the range of 0.73 and a downtrend is created.
In my opinion, the 0.706 price floor should be touched and then an uptrend should be formed.
However, if the price can go above the 0.732 range, this analysis is wrong and the chart trend will go up.
Weekly EUR/USD analysisIn this weekly post EUR / USD, we analyze the most popular currency pairs or Euros against US Dollars
Fundamental analysis
Late last week, there was good news for the US dollar, which helped boost the dollar, and we saw a sharp drop in currency pairs to the right of the US dollar.
For example, the PMI release was higher than expected. The US Federal Reserve and Treasury also announced that they are working to control inflation and unemployment and prepare the country for the post-coronavirus situation.
On the other hand, there was no good news in Europe. For example, the unemployment rate in Germany was higher than expected
Impact of Bitcoin
The US Treasury Department has also officially announced that it will not be like China and will not ban cryptocurrency transactions.
This has led to a sudden rise in the price of bitcoin and encouraged investors to trade more confidently in the country.
New week
In the new week, ADP Non-Farm Employment Change
and unemployment rates are the most important news.
Fundamental prediction
The Forex site predicts employment growth and declining unemployment in the United States, which is a positive signal for the dollar to rise and EUR / USD to fall.
The site also predicts that European PPIs could decline, which is a signal for the chart to decline.
Increase or decrease
However, with the closure of US banks on Monday as well as OPEC meetings, we expect the euro to experience short-term growth. This growth will be close to the previous floor, ie the range 1.66 to 1.69
Signal
If the price exceeds the said range, this week's analysis will be incorrect, otherwise the price will fall to 1.15 and even 1.42 is not unexpected
The first trades of the week will be SHORT at the end of the week if the BUY trend is bullish.
XAU/USD 1h Analysis1 hour gold time frame chart
1- In the downward trend, the price should not exceed the previous ceiling.
2- Low risk entry point in the range of level 1
3- The place of faster and more risky entry in the range of level 2
4- The price can reach the previous floor
5- The price can reach the support range of September 29-30
6- Long-term descending channel ceiling. Now the price is involved.
XAU/USD 4h AnalysisGold Chart - 4 hour time frame
1 - The trend line is broken
2- The price is returned from its important level
3- To form an uptrend, the price must cross the previous ceiling
4 - The price has reacted to the downtrend line and a kind of resistance has been created.
5. The price was September 30 and October 1 resistance. On October 4, this resistance was broken but returned by the important yellow level.
Continuation of the downtrend XAUUSDThe downward trend that existed in the high timeframes continues. There is no hope for the gold trend to rise.
Traders seem to have preferred to buy bitcoin over gold.
However, if the price of gold enters the yellow range, we must wait for it to fall.
Of course, the currency pair XAU/USD will definitely make improvements. For example, it may reach the previous peak. Or it may even go higher than the previous peak. But it is unlikely that the price will reach the blue range.
Anyway, my suggestion is the short position in the market.
XAU/USD weekly analysisIn this post, we will analyze the weekly Forex gold with the symbol XAU/USD.
Fundamental analysis
According to a previous analysis of the EUR/USD , fundamental news will be released next week, which could cause strong volatility.
At the beginning of the week, when the OPEC meeting takes place and US banks are closed, we expect investors to pay attention to gold. They probably prefer to buy gold over dollars and oil, which creates an uptrend to near the previous floor.
Crossing the previous floor
If the previous floor, the 1790 range, is broken, this analysis will be incorrect and the gold trend will be bullish, otherwise it is still in a bearish trend.
Also, if it goes according to the analysis, the gold will fall close to the trend line and react to this range.
Signal
Within 1 hour, we see a cup and handle pattern. Of course, I agree that these patterns are old and unreliable, but they can be identified as a signal for the growth of gold near the site.
Analysis of the Federal Meeting todayThe meeting of the members of the Federal Reserve was held today at 17:30 Iranian time. In this post, we will analyze his speech and the direction of the market.
Remarks by Mr. Powell
US Federal Reserve Chairman Jerome H. Powell said in a statement today:
1- Inflation is expected to decrease
2- Trying to control inflation and employment
3- Reduction of inflation in the first half of 2022
4- Waiting for the debt limit to be lifted
Conclusions from Powell's speech:
The United States is working to boost trade and businesses in the post-corona era by increasing liquidity. This increases inflation by increasing liquidity
For this reason, increasing liquidity increases inflation and, due to the higher cost of using labor and consumer goods, creates a catastrophe (similar to Iranian policy) if left unchecked.
Mrs. Yellen's words
US Treasury Secretary Janet Louise Yellen said today that I would like to make a few points:
Waiting for the debt limit to be lifted
Failure to raise the debt ceiling would be a disaster
Market reaction to these negotiations:
The US dollar index (DXY) fell from 94.373 to 94.107, after which the gold and currency pairs on the right side of the US dollar entered an uptrend.
In the currency pairs that have reached the bottom, you can now expect an upward trend.
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Triangle pattern In this post, we will analyze Forex Gold with the symbol XAU / USD. We review the fundamental news and perform a technical analysis according to the modern price action method and identify the appropriate points and signals.
Fall of gold
After the price of gold fell to 1722, gold entered a short-term uptrend, causing the price to jump to $ 1762.
Descending channel
In general, at intervals of more than 2 hours, gold is still inside a bearish channel and its price growth was up to the top of the bearish channel last night.
The downside of the channel acted as a resistance, pushing the price of gold to $ 1,751.
Triangle pattern
Now, in a period of 15 minutes, we see the creation of a triangular pattern whose lower side is between 1751 and 1750.
Fundamentals
The US PMI is scheduled to be released at 17:30 Tehran time. Forex analysts forecast a 0.3% decline.
The possibility of the dollar falling
But according to Powell and Ms Yellen yesterday, the PMI is expected to be lower than expected. This will weaken the dollar and strengthen gold.
So the formed triangular pattern can mark the green dots and the gold weekend will be bullish.
Signals
Suitable entrance area: 1752 to 1751
Profit Range Suitable Range: 1755, 1757, 1760
Suitable area Loss limit: 1749.5 to 1748.5
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
Two scenarios for AustraliaAccording to Fundamental News, there are two scenarios for the Australian dollar against the US dollar.
With the release of US unemployment data, the value of the dollar plummeted, and the devaluation of the dollar caused an upward trend in other currency pairs, where the US dollar was on the right.
Mr. Powell will begin his speech in a few minutes, which he says will either cause the dollar to depreciate further or the dollar to return to its uptrend.
Given this, two scenarios can be considered for the Australian dollar:
Scenario 1: The dollar will fall and the price chart will return to 0.726 and even higher by breaking the resistance.
Scenario 2: The dollar rises and the price chart returns to its previous level of 0.7172
Will the downtrend continue?Gold is still declining due to the strengthening of the dollar.
The price of gold is approaching the support level of 1720.
The gold chart could not create a new ceiling compared to the previous one after a sudden climb last night.
If we want to find the confirmed uptrend in gold, it must be able to reach above 1734, otherwise the downtrend will continue.
In this downtrend, the first target of the previous floor will be 1720, around which we will see reactions, and if it is broken, the next target will be 1717 and then 1700, and even a large shadow may be created up to the range of 1677.
signals :
short in 1731.4
tp : 1720
ls : 1735.5
This is just a suggestion
downward trendEuropean Central Bank Governor Lagarde's speech last night failed to help strengthen the euro against the dollar.
This downward trend continued.
If the price chart can reach a peak above the previous peak, the downtrend may end. Otherwise, the downtrend will continue until the red support levels are reached
The market is waiting for Mr. PowellGold is in a downward channel marked with green for 4 hours.
Over a period of 1 hour, a rectangular shape is created that shows a short and weak uptrend.
In a 15-minute period, a triangular pattern is formed, with the current price of 1739 a step lower than the previous one, which marks the end of the short-term uptrend.
If gold creates a ceiling higher than the previous ceiling of 1746, its next target will be 1750.
But if this analysis is correct and the ceiling cannot be raised, there is a possibility of falling to 1733, 1728, 1724 and even 1720.
At 19:15 Tehran time today, there is a speech by Mr. Powell that has a direct impact on this chart.
According to Forex analysts, the price of gold is expected to rise at the beginning of the speech, and depending on the outcome of the Federal Reserve speech, the market decides to continue its downward trend or create a new uptrend.
However, our current strategy will be pre-speech short trading
Another strategy for today is a short-term uptrend. That is, the price increases to the range of 1745
The third strategy is to move inside the rectangle. Thus, the price moves in an uptrend channel between 1735 and 1746.
Triangle in GOLD ?In the gold chart, at intervals of 1 and 4 hours, a downtrend is formed that forms a triangle.
The market is probably waiting for Mr. Powell's speech to determine the direction of the market.
When we look at the market for 15 minutes, we see that a triangular pattern has formed.
The upper side of this triangle creates a resistance angle of 0 degrees.
The first gold point is 1724 support on August 10.
The second point of gold fall is the long-term gold support of 1706.
However, like August 7, it may reach 1677 with a long shadow.
However, the current price is 1737 and if it can cross the range of 1745 and above, this analysis is incorrect and the uptrend occurs and moves towards 1747, 1753 and 1760.
The whole market trend depends on what Mr. Powell says tomorrow.
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