The latest opportunity for volatility in the dollar market?

According to reports EconomyNews, The dollar did not move towards the support of 25,200 tomans and the dirham was able to maintain the 7,000 toman line. These two signs indicate that the US banknote may start the winter with a rise in price. A group of market participants believe that the dollar may still face price growth in the early days of December due to increased demand before the New Year, but there will be no reason for further price growth after that.

That is why a group of activists believe that the first 10 days of December could be the last chance for currency fluctuations to raise prices. They believe that if traditional demand rises in early December, the oscillators will try to intensify the range of changes in the price of the dollar by increasing their activity in tomorrow’s trading.

One of the factors that can counteract the rising dollar is the decline Dirham remittance rates It is below the border of 7 thousand tomans. In addition, the market maker has shown to some extent that it is looking to reduce prices and may want to meet this demand in the first week of January, when less trading is expected.


Dollar forecast from tangled channel

rate حاله درهم Yesterday, not only did it not decrease, but it was able to be above the level of 7,050 Tomans. This level is very important for the market. If the dirham remains above that level, it can lead the dollar to the range of 25,800 tomans. For actors Currency market Expecting a sharp drop in prices, the border of 7 thousand tomans is important. A slump below the 7 thousand toman line may pave the way for the dollar to fall below the 25 thousand toman channel.

In back-line transactions as well Dirham price In the range of 7 thousand and 60 tomans, it was stated that the number that is mentioned by technical analysts as the golden rate of today’s market, lower trading price below this line can lower the dirham rate.

Giving news to the market

In yesterday’s market, news was circulating in the trading channels about the rocket attack on the US Embassy in Baghdad and the preparation of the defense system in this area to respond to the rocket attacks. The interesting point is that despite the approval of the official authorities of some traders in principle They doubted the news and believed that the injection of this news was aimed at creating an atmosphere in the market so that the wave would fluctuate. It remains to be seen whether the market today is influenced by emotional factors or whether real market trends play a role.