interior of the pivotThe price has reacted to the interior of the pivot and this is a sign of the beginning of a new uptrend.
Khorsand
📣 This week's news is crucial 📣The economic news this week is very important and can determine the direction of the dollar as well as gold.
✅ Two scenarios for XAU/USD ✅There are two ideas for gold.
Since the fundamental news of the dollar gives the possibility of a decline in the value of the dollar, there is a possibility of an upward scenario. But because the 12-hour trend line is broken, there is a possibility of a bearish scenario.
Two scenarios:
✅ Scenario 1: The trend line is broken, the pullback market does and then continues its downward trend to reach the price of 1760 to 1750.
✅ Scenario 2: The price hits the bottom of the channel and reacts upwards and moves towards the 1820 and 1830 prices.
12% probable profit in MATIC/BTCIf this analysis goes well, there is a probability of about 12% profit, but you should note that this profit is distributed in 3 stages. So saving profit is very important.
gold ( xau/usd ) idea ✅In the 1-day timeframe, our trend line is broken
We see a neutral trend in the 4-hour timeframe. This trend is between the two regions of supply and demand.
Since our overall trend is bullish, we have two scenarios:
✅ Scenario 1: The price moves up and breaks the resistance, then the pullback is created and the price goes up to about 1834 until it reaches the previous peak.
✅ Scenario 2: The price goes down to the bottom of the channel and the resistance causes a pullback and then goes up to the resistance area and after its failure goes up to the higher area !!
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
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
Weekly analysis AUD/USDIn the idea of the euro, it was said that the dollar was in a good position and that it owed it to the speech of the members of the Federal Reserve.
But this is not the case in Australia. And last week the Bank of Australia announced that it did not intend to raise interest rates until 2024.
On Monday, when the United States is closed, we will probably see the growth of the Australian dollar close to resistance. And then the downtrend starts.
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.
Is the wedge pattern real in Australia?In this post, we will analyze the principles and features of the AUD / USD currency pair and identify the points and signs of buying and selling.
Basics
Minutes of the Australian Monetary Policy Meeting were held at 6 am Iranian time today. The following is a summary of this meeting.
The meeting discussed the slowdown in Australia's economic growth compared to other countries in the world. Comments were also made on the effectiveness of vaccination and the limitations of Covid 19 in preventing further outbreaks.
It was decided not to increase bank interest rates until 2024
Unemployment is falling in developed countries and labor demand is so high that wages have risen, members said.
They are going to continue to buy bonds. The Bank of Australia bond-buying program is also expanding faster than the securities of many central banks.
Members also stressed the importance of maintaining lending standards. They found that the Delta outbreak delayed recovery and increased uncertainty about the future.
Technically
The AUD / USD hit a low of 0.71 on 20 August 2021 and a high of 0.748 on 3 September.
Prices have been on a downward channel since September 3.
Within 15 minutes, we see the formation of a corner pattern. The best time to enter trades is when signs of a downturn are seen in the market.
Key points
If the corner pattern matches the image:
First T / P = 0.7255
Second T / P = 0.724
If it is contrary to the pattern of the image, it means that the triangle is broken upwards:
First T / P = 0.7285
Second T / P 0.73 =
