farshadtn

farshadtn

Hello friends. The currency has not been able to break the channel of its long-term uptrend, and the weakening of sellers has made the currency tend to rise. Now, given the four-hour time, the cup pattern seems to be taking shape. If he can break his resistance level, he can reach the target of about $ 30. This is just a personal view. If this analysis was useful...

farshadtn

Hello friends. Last week, as we thought, according to the analysis, gold continued to climb to the 1780 range after a break in the Range Box. But what happened showed that market vendors still have a lot of power. This week we examined the gold Elliott wave theory. As you can see, after a complete five-wave downtrend, it made a three-wave correction to the 1780...

farshadtn

The dollar index is approaching a resistance. At the same time, divergences can be seen in the indicators. In case of reacting to this resistance, this index can initially drop to around 93.5 and if it breaks its white support line, it may fall to 92. But if this resistance is broken by the good news, this analysis will be rejected. Technically, there is a high...

farshadtn

Friends, As you can see, in the first three days of last week, gold moved in the direction of the possible downtrend that was drawn, and made a very strong reversal from the support range that was drawn near the 1720 area. Now, considering the weekly pinbar candle and the very strong daily candle that he did on Thursday, I consider it possible for gold to...

farshadtn

Hello friends. Last week I made a prediction of the possible path of gold. It moved largely upwards but could not break the white bearish trend line and returned to its support area. However, after the fall, it could not break its support floor, and this support area is located on the 0.618 Fibonacci level of the previous uptrend. So it may end its downward trend...

farshadtn

It's just a personal analysis and opinion, no buy or sell signal. Meanwhile, the downtrend is more likely. Please complete this analysis with your comments, thanks