According to the report of the currency and gold service of Economy Online, the foreign exchange market has entered a new phase of fluctuation under the influence of a wave of political news in recent days, and traders’ expectations regarding the future of the dollar price have changed. Speculations about the possibility of an understanding between Iran and the United States have caused a part of the precautionary demand to leave the market and increase selling pressure in transactions; The issue that now focuses on the trend of the dollar price in tomorrow’s transactions.
Today’s currency market situation
In today’s trading of the currency market, the prices were followed in a cautious atmosphere but tending to decrease. The reduction of inflationary expectations and the increase of hope for the reduction of political tensions were the most important factors that affected the traders’ behavior. Many market participants believe that the psychological atmosphere caused by the news of negotiations has caused some buyers to hold back and sellers to be more cautious in the market.
In fact, in recent days, the currency market has reacted to political signals more than any economic factor. The publication of reports about the digital signing of a possible memorandum of understanding between Iran and the United States, as well as the possibility of a partial reduction of oil restrictions or the release of foreign exchange resources, has changed traders’ expectations and led to a decrease in emotional demand in the market.
The latest dollar price and best-selling currencies today
In today’s currency market, the dollar price reached 155 thousand tomans. The euro was traded at the rate of 179,920 tomans and the UAE dirham was priced at 42,214 tomans.
Also, the British pound was traded at 208 thousand 280 tomans, the Turkish lira was traded at 3 thousand 350 tomans, and the Canadian dollar was traded at the rate of 110 thousand 820 tomans in the market.
Prediction of dollar price tomorrow, Wednesday, June 27
Economic experts believe that the currency market is on the threshold of one of the most sensitive periods in recent months. According to analysts, if the atmosphere of optimism regarding the possible understanding between Iran and the United States continues, the selling pressure in the currency market can continue.
Accordingly, some analysts predict that the dollar will first test the range of 153 to 155 thousand tomans in Wednesday’s trading. If there is more positive news from the understanding process and the precautionary demand continues to decrease, there is a possibility of a further price drop.
technical signal; Will the dollar reach 140 thousand tomans?
Examining the price charts also shows that the currency market has entered an important phase. The level of 160 thousand Tomans, which was known as one of the most important supports of the market in recent weeks, was lost in recent transactions. Breaking this level, from the point of view of technical analysts, is usually a sign of increased selling pressure and the possibility of the price moving to lower levels.
Now the range of 150 to 152 thousand tomans is considered the first important support of the dollar. If this range is also broken, the possibility of price retreat up to 145 thousand Tomans and even 140 thousand Tomans in a more pessimistic scenario will be raised.
On the other hand, if the market faces an increase in demand and the dollar returns to above 160,000 Tomans, we can expect the downward trend to stop and the price to enter a corrective phase. In this case, the range of 168 to 172 thousand tomans will be the next important market resistances.
In general, it seems that the short-term path of the dollar is tied to political developments more than ever, and currency market traders will react with great sensitivity to news and political signals until the dimensions of a possible understanding between Iran and the United States become clearer.
