Dollar and Gold Markets Forecast / A Look at the Financial Markets April 20, 1401

According to Tejarat News, today, April 10, 1401 dollars, gold and coins had an upward trend. The dollar had a slight price fluctuation in the channel of 27 thousand Tomans and gold entered the channel of one million and 300 thousand Tomans after a long time.

During the 10 years that Bitcoin became the world’s first digital currency, it was repeatedly criticized. It has repeatedly fallen from its historic roof and squandered the wealth of many. Some people may have made a lot of money from the cryptocurrency market, but if we are reasonable, the vast majority of those who enter the market lose a part and in some cases all their capital. It is said that in financial markets, money goes from the hand of the hasty to the pocket of the patient.

About a week ago, when Bitcoin was $ 46,000, many experts predicted it Bitcoin It will soon break its resistance. Technical indicators also confirmed what the experts said, but suddenly Bitcoin fell. It lost $ 45,000 in support and is now trading in the $ 42,000 range. The decline was due to the possibility of a further increase in interest rates by the Federal Reserve.

What happens now?

Leaving aside the stories, we come to the diagrams. Bitcoin is now exactly in the $ 42,000 support range. This range is very important and if it is lost, bitcoin will probably fall back to the $ 40,000 mark. If the $ 40,000 range is lost, the next support is the $ 37,000 range.

Negative signals are still present in the daily chart. McDee had issued a sell signal in the $ 46,500 price range, and that signal is still valid. The relative resistance index (rsi) also has a downward trend and is at 35. The candlesticks also move to the bottom of the $ 40,000 Bollinger Bands canal.

But in the four-hour chart, the situation is much better. The candles returned from the bottom of the Bollinger Band canal. McDee is on the verge of issuing a buy signal and the relative resistance index has returned from the sell-off.

This indicates that Bitcoin may be able to raise its price slightly in the short term, but if it can not overcome its resistance, we will probably have to wait for the market to fall further. Some believe that Bitcoin is not losing the $ 40,000 channel and is currently fluctuating in the same channel. But it must be said that nothing is impossible in the cryptocurrency market.

Will the stock market fall?

Borzoo Haghshenas, expert Capital Market “Supplies in the market will increase this week and the market will probably be negative,” he told Trade News. But this is not a concern.

He explains: From the end of March until a few days ago, a movement was formed in the market as a whole, in which many stocks on the stock exchange grew. Due to the lack of stagnation in parallel markets at this time, many shareholders thought of saving. As a result, market supply increased and the index was negative on the last working day of last week.

“Capitalists should not worry about negative market trends,” he said. As we approach the chapter of meetings and the publication of the annual report of companies, this issue can be an opportunity for some shareholders to buy and be profitable.

Finally, referring to the market situation, the jurist says: When the market as a whole is bullish. It is better to have breaks and breaks in terms of time and price to follow a more stable uptrend.

Gold and coin price fluctuations

The market for dollars, gold and coinsFluctuates today. The price of the dollar It is somewhat fixed. Some telegram channels have announced the dollar rate between 27,680 to 27,700 tomans.

In addition to the dollar, there are fluctuations in the gold and coin market today. According to the announcement of A.Tehran Jewelry Association، gold price At the time of writing, this news is bullish and has reached one million 295 thousand and 529 Tomans.

But Prices for coins The new plan now has a decreasing trend and 12 million and 820 thousand tomans have been registered. The coin in the past days was 12 million and 800 thousand tomans.

Also, the price of the old design coin is increasing at the time of this news and is traded at the rate of 12 million and 750 thousand tomans.

rate Ounces Global is also up at the moment of this news and is trading at $ 1,947.57.

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