MehranIRTR

MehranIRTR

In this powerful downward trend that started on September 30, the corrections were small and the movements were big. I am looking for a corrective move here that is a little deep. The price target is 1.10000, which is the closest potential and valid support range. I expected this correction to take place at the price of 1.09530, but the economic news came out in...

MehranIRTR Updated 

Hello I think the long-term bearish trend that started on June 4th continues and is now at the end of the correction. In this area, we see a butterfly pattern that has been formed at the end of the modification. The ISM Manufacturing PMI is out and although the numbers were not good for the dollar, they continue to trend lower. I look forward to the release of...

MehranIRTR Updated 

Hello I think a good position has been created for a sell transaction. In this transaction, you can get about 100 pips of profit. In terms of technical analysis, we see a Bat pattern in this area and the pattern is a strong downward trend. The economic news that was published in the past weeks still affects the trend and further decline is not far from...

MehranIRTR Updated 

Hello As you know, last week, on June 7th, employment sector indicators were published and caused the price sharpie to fall to the area of ​​1.074. This week, on June 12, the CPI index and the dollar interest rate will be published. With all the major economic events going on, I think the price can make a correction to 1.08325, as the price has quickly reached the...

MehranIRTR Updated 

Hello I think the price has reached the overbought area. If the price enters the downward phase, it is likely to fall as much as the last step. The last step is a sharp step that may come back sharp. That is, up to the range of 1.08365. In this area, there are 2 good supports and one good resistance. Also, in the last step, the price has rested in 2 areas, which...

MehranIRTR Updated 

Hello I think the euro has reached the oversold point and the possibility of an upward trend is very high. In fact, the dollar is overbought and needs a correction or change in trend. I can find a butterfly pattern in this area in daily time which indicates a possible reversal here. I was expecting a rise last week when the inflation index was released and ended...

MehranIRTR Updated 

Hello I think that this downward trend continues and can continue to fall at least until the price of 1.07810. In this week, there is a potential for the price to drop further up to 1.069. If you look at the chart in the 1-hour time frame, the falling wave that started on March 21 lasted 37 candles, and in the 37 hours after that, almost 38.2% of the wave has been...

MehranIRTR Updated 

Hello I think that the euro is overbought at this price and a sell position has been created. Here, in terms of technical analysis, a butterfly pattern has been formed. There were good resistances in the past. From a fundamental point of view, this week the most important news of the month will be published, including the inflation index, which strongly affects...

MehranIRTR Updated 

Hello In the Euro chart, the 1-hour time frame consists of three 110-pipi waves from August 24. Do you think the fourth wave that started on September 1 can end at 110 pips? I think it is possible.

MehranIRTR Updated 

Hello I think in this price range, a correction or return of the trend is ahead. This range has been a support and resistance level in the past few months. I expect the price to rise to at least 1.08925. In my opinion, setting the target at the beginning of trading is a mistake, and the target should be identified during trading by using the price movement and...

MehranIRTR Updated 

Hello friends If you look at the one-hour chart of the euro, you will see that the long and fast waves have turned into short and calm waves. This is one of the signs of the end of a trend. The price range of 1.08500 to 1.08300 has been a good support range in the past and can be a barrier for further price reduction. I hope that the price will reach at least 1.09400.

MehranIRTR Updated 

Hello I think that this downward trend that started on July 18 is still a strong and continuous downward trend and a price correction may take place in this range. Due to the fact that the FOMC statement will be published on July 26, all attention has been drawn to increasing or stopping interest rate increases. Of course, interest rate increase is a delayed...

MehranIRTR Updated 

Hello It seems that the euro has no intention of falling short. Many fundamental factors play a role in the rise of the euro as well as the fall of the dollar. We all know that the price moves in the form of a trend and correction. Here, a bearish butterfly pattern is formed on the daily time frame. I think in this range, a correction will be made up to 38.2 of...

MehranIRTR Updated 

Hello I have two views on EURUSD. Both of them refer to price reduction. In this analysis, I have specified 2 yellow and red ranges. 1- At the beginning of the week, the price starts to decrease from the yellow range. 2- The price rises up to the red range and then starts to decrease. These two ranges are two strong resistances to break, which I give a low...

MehranIRTR Updated 

Hello I believe that this bearish trend that started on June 22 is still going on and this is a correction that is nearing its end. But how far does it go? The price may rise to 1.09775 and then fall. My first target is 1.08900 which is a good support area. But it is likely that lower numbers will be touched as well. Also, the consumer confidence index is...

MehranIRTR Updated 

Hello The euro is at a sensitive price and a downward trend may begin. I think the price will fall at least until the previous support that was formed on June 14, and then the direction of the price should be determined according to the market conditions. My first target is the price of 1.08650, but I still expect a further drop.

MehranIRTR Updated 

Hello My analysis is that this downtrend may have come to an end and an uptrend or at least a price correction is forming here. According to the floor formed on May 15 and the price movement, it can be understood that the price does not want to fall further. But anything can happen. what does anyone know If the trend changes and the price goes up, my first target...

MehranIRTR Updated 

Hello My analysis is that this upward trend has ended or is close to ending. Today the Retail Sales index will be published and I prefer to wait until it is published. In case of falling, my first target is 1.09140.