The dollar has calmed down in the middle of the support of the 15-month channel around 60, and it seems that it is slowly crawling on this support, of course, maybe. According to the publisher.; it is possible ?!
20/02/1403
It seems that for now regardless of any monetary reasons; This is the meeting place of the market maker, who currently, these days, after a relatively deep correction of 9 thousand tomans from the ceiling; The dollar should calm down here, I think the main reason for this meeting was issues related to the negative pressure on other markets such as the Tehran Stock Exchange or Foolad; Apparently, in order to maintain the support of the entire stock market index on the middle of its support channel or, for example, to help the steel market in the current dire export conditions, it is necessary for companies and markets to rest a little and do business. The negative atmosphere of the dollar is currently plaguing all parallel markets, and currently severe recession and somehow increasing expectations of a decrease in demand, rightly or wrongly, has plaguing most markets, which is obvious. Now, in a market like the steel sheet market, or for example real estate, gold, and coins, these expectations are appropriate and correct, but in a market like steel or bullion, or the stock market, this expectation is not correct!
until what happens
This post is written by nimamahdavikia