Prediction of the dollar, gold and coin markets/ A look at the financial markets on July 14, 1401
According to Tejarat News, today Dollar price The national exchange had an increasing trend as in the recent period. gold price And Prices for coins They traveled a fluctuating path, and on the other hand, the stock market index was bullish.
Bitcoin prediction
Bitcoin In the medium term, it is in a downtrend channel. This indicates growing pessimism among investors and could possibly signal a further decline in the price of Bitcoin.
In the price chart, the support level is lost and the further decrease of this digital currency is highly likely. In case of reaction and positive news with a very optimistic view, this currency has resistance at $35,000 if it pumps.
The possibility of an oversupply of Bitcoin
The negative volume balance shows that the volume is high on the days of price reduction and low on the days of price increase, which weakens the status of this currency. The RSI indicator has reached below 30 after falling prices in the past weeks, which indicates oversaturation and oversold.
Given the current state of the markets, especially in major stocks and currencies, a low RSI may signal an oversold asset and increase the likelihood of an upward reaction. The currency is generally technical for the medium term Bitcoin It is evaluated negatively.
in the short term Bitcoin Also, after crossing a bull trap, it lost the support of $20,000 and is now below this support level.
There is a possibility of falling to $17,000 and, in the pessimistic view of some analysts, to the range of $14,000 and $12,000. In general, Bitcoin and consequently the majority of digital currencies are in a downward trend.
Stock forecast
Tehran Stock Exchange ended the trading today with a small growth, in this report, the forecast of tomorrow’s stock market is discussed.
The total stock market index finished its work today with a growth of nearly four thousand points. The trend that the stock market has taken these days has reminded many shareholders of the last days of 1400, when the index was stuck in the range of 1.280 thousand units. The low range fluctuations of the index are currently causing concern to shareholders.
Tomorrow’s stock market forecast
Many analysts believe that the indirect manipulation of the index will continue tomorrow. Manipulation that is done through the strengthening of some large index shares so that the total index remains in the current range. Of course, this does not mean that the signs will definitely turn green. But if there is a drop, it is likely to be small and insignificant.
Therefore, the whole index is expected to end this week with a positive return. However, this positive return will not be accompanied by a significant range. According to the approach that has been observed during the current week of the market trend, tomorrow’s stock market prediction can also be done by following the pattern of recent days.
Gold prediction
Maryam Mohebi, an expert in financial markets, said in a conversation with Tejarat News: To check the conditions of gold inside the country, two factors, the dollar and the international currency, are considered. Taking into account the global inflationary stagnation, the possibility of a decrease in economic growth and an increase in interest rates by central banks in the world, the expectation of a sharp increase in the price of anas was lowered.
He continued: Since the probability of JCPOA agreements has increased in recent days compared to the past, and there is a possibility that the dollar price will decrease due to the improvement of conditions. We can expect the price of the dollar to fall again.
This expert also said: Although there is no expectation of a significant decrease for the domestic dollar and the global annas, there is no possibility of much growth either.
Mohebi explained about his prediction: Therefore, the price of gold inside the country can decrease due to the price of the dollar and the global annas. But in the long-term future, domestic gold prices are expected to grow.
Dollar forecast
Barzo Haqshanas, an expert in financial markets, said in a conversation with Tejarat News: Currently, apart from its intrinsic value, the price of the dollar is more affected by the positive and negative news of the JCPOA. We have seen that a few days ago the JCPOA negotiations almost reached a point where the parties left it and the dollar began to rise. This currency grew from the range of 27 thousand tomans and even broke its ceiling in the previous year.
He continued: Then, with the positive signals given by the parties regarding the revival of negotiations, this upward trend weakened.
Regarding his prediction of the future of the dollar, this expert said: The dollar is waiting for news from these negotiations for next week as well. If there is positive news, the dollar will reach the previous lower channels, but if the news does not indicate that the parties are close to an agreement, even higher channels can be predicted for the price of the dollar.
Ali Tabatabai, another expert of financial markets, also said about the possibility of price increases in the gold and coin market: This possibility exists due to the reaction of the dollar and gold to the JCPOA news. But I believe that better news will be heard from the negotiations and the prices will be stabilized in the same current ranges.
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