This currency pair is very strong due to the rise of the dollar index and the news of the increase in the US interest rate and its effect, towards the targets above 145.
Oil continues to fall due to the recession and even with the announcement of the US interest rate increase, $75 is not far from reach.
According to the published news about the consumer price index and the increase in inflation, as well as the chaotic situation in the United States due to the congressional elections and the publication of two other news, including The retail sales index and the management index of Michigan, which were lower than expected, the dollar index, after an upward trend...
Considering the mentioned events and the continuation of the recession, I expect the oil to continue to fall
Considering its long-term downward trend, this currency pair has almost reached a good support range and is at its monthly bottom. Support 0.7894 and 0.79655 are solid.
According to the upward trend of the dollar index This currency pair has continued its upward trend with the index The range of 141.60-143.70 can be a good resistance range for correction or if it crosses, move towards 147
After the existing trend and the decrease in demand, oil has taken a downward trend and is waiting for Iran and 5+1 negotiations because OPEC intends to reduce production.
The dollar index has reached the range of 110 after 20 years and considering the global conditions and the energy crisis in Europe, it can see higher numbers. This index has increased by 23% since the beginning of the year.
Considering that September is often the month of weakening of gold and according to the published statistics from NFP on Friday and the upward movement of gold on Monday, gold started its work with a fall, and is waiting for Mr. Powell's meeting on September 8 and the decision Federal Reserve Banks
Considering the fact that Russian oil exports are not decreasing and Saudi Arabia is not agreeing to lower the price of oil, I expect the price to rise
Gold during the last week due to the decrease in bond yields and the speeches of the Jackson Hole economic meeting regarding the increase of interest rates by 0.5 to 0.75 percent. Also, after the publication of GDP statistics, which is lower than the published announcement, which shows a percentage of stagnation Support: 1712-1730 Resistance: 1773
inmonthly time usdpjy can touch150 if the dollar index stay up of the 110
In the 4-hour period, it continues to follow the upward trend towards the resistance of 137.75 and 138.30. Support 137.24 and 136.60
After facing the resistance of 109, the dollar index began a corrective process, and of course, due to the re-increase of the interest rate and good statistics, it started to move upward again from the range of 104-105. It can again attack the range of 109. We will enter a new and more powerful upward phase, which will definitely affect the American economy.
During the past weeks, due to the subsidence of the conflicts between Russia and Ukraine and the increase in the interest rate of the United States, gold has continued its downward trend, and due to the rise and strengthening of the dollar index, most investors in the world prefer to invest in the dollar. And they have bonds The statistics announced by the United...
After its last rise on June 15 in the range of 124, oil has experienced a drop to the range of 104 and now 96. From the rise caused by the conflicts between Russia and Ukraine, American inflation had a significant impact on the price drop. Due to the continued inflationary trend in the world, the demand for buying oil is decreasing. Support:...
The dollar index started a long-term downward trend in March 1985 with the highest price at 164, and this long-term downward trend was broken in 2014, and after 8 years, it is still above 87. But in the shorter term, following the inflation that has become a pandemic in America and the world and caused the interest rate to reach 1.75 faster than the usual trend,...
The pair hit its annual resistance level traded in the 1990s in the monthly time after the rise due to the rising dollar index. The range of 134.50 to 137.37 is a relatively good resistance, but given the dollar conditions, this area can still be fragile, 130.86 is a good support for this currency in the long term. Resistance: 134.70 Support: 133.35-132.70