Nasdaq reached its historical peak in 20017. The 20-day average is at 19440, the 50-day average is at 18895. In order for the flag to return, conditions must be good, it must improve in America. In other words, decisions must be made to ensure that the right money flows to Nasdaq. Now there is a presidential election, and the presidential election is a different story. As you have seen, now Biden's candidacy is being discussed, as if we should find another candidate. There is a hammer-like situation. Last week's hard sell was welcomed. If it breaks above 20000 again, the possibility of an upward movement of 500 points increases. The trend has been up since May. So it was a Golden Cross, it hit and jumped above the 20-day average. Now it hit again, jumped again and came again. It climbs upwards, bump by bump. So right now the trend is upward.
Dow Jones is a little different. He also put himself above the average. It moves more horizontally like this. So the down side is around 37700 and the up side is around 40000. It looks like there will be 3 peaks as long as these remain above the averages. There is a difference of 100 points between the 20-day average of 39000 and the 50-day average of 38900. They are very close to each other. Both averages support Dow Jones here and push it upwards, in a sense. If it goes up, it is above 40,000. After September and October, the FED will support the economy again, the presidential election is in the last week of November, we need to look at those too. But if it explodes upwards, the 42000 - 42500 range may emerge as the target. Keep this in mind, too.
In DAX, two averages are very close to each other, the 50-day average is at 18281, the 20-day average is at 18291. The 18800s made descending hills that could not be crossed. It climbs back towards the average. If there is a move above the average, it tried once and has already reached 18463. It could not raise the trough it formed in March - May and fell back into the formation. The next movement goes to the 18800s but catches up there too. There are two peaks here, 18892 and 18855, which are major and will catch this exit. This will probably go away later after it gets a sale from here. Then the climb towards 19500 may continue. There is a way until 19900. He started the bowl from the top of 18892 in May and had the bottom of the bowl 17951 in June. Now, if he completes the bowl and folds it up, he can travel upwards to the 19900s. The only problem here is this. A downward movement will cause prices to sag downwards. So it causes the 17600s to be tested. The last bottom is at 17951, once it breaks, it moves towards 17626 once again. Then it will be like horizontal. If it goes below 17626, there will be big trouble. There's nothing going on in the German economy right now that's dire enough to cause a major head-to-head peak. It's been good so far economically. There are no signs of such a massive deterioration at the moment. Okay, it's not going well, everything has slowed down a bit in Europe, but there are interest rate cuts by the Central Bank in Europe as well. We will see it in terms of stimulating the economy a little bit.
Looking at the gold daily chart, the 50-day average is at 2318 and the 20-day average is at 2328. Both averages are very close to each other. It fluctuates between 2434 - 2280. The closer it gets to 2280, the more buyers come. When we connected the descending hills, a line with a downward slope was formed. The trend line shows that the seller is coming. More and more sellers are coming at lower levels. For a breakout, movement towards 2450 is needed. But if we go down from here, the last stop is the 2280 numbers. Here we are going horizontally, to the right, we will either explode up to 2600 or down towards 2150. It is necessary to follow it well. It looks like the day for a drastic move is approaching. Because the mobility has become much smaller. So doji's are coming one after another, they tried to go down but it didn't work. He said let's go up and that didn't happen. Two dojis formed back to back, so it is problematic. Buyer and seller are balanced. Let's see which way we will go. It is necessary to look at whether there will be a break above or below the averages. If it goes up, there will be another bowl, the 2287 - 2450 bowl. We are still standing with the expectation of FED's interest rate cuts. But in my opinion, we will miss September.
Silver reached the point where the averages are within the falling channel. The 20-day average is at 29.52 and the 50-day average is at 29.03. There is a 50 cent difference between the 20 and 50 day average. The price is stuck between two averages. He couldn't get the bowl up in April. The sale came at 32.29, we are trying to hold on around the averages right now. So, if there is a downward break from here, it will reach the bottom line of the falling channel. Because the story turns to him. If it breaks down from here, it will be around 28.50, then it will come towards the bottom line of the channel that falls to the bottom again. The upward trend, which started from the bottom of 22.5 in February, was broken in June. In May, it was like a double peak. We could not turn the trend upwards. Buyers are still struggling here, but three strong sellers came here in a row. Sellers are lowering the price. Falling highs also indicate that the seller is coming.
Brent turned upwards. Bottoms were formed in May and gave way down. It becomes the Golden Cross. The price is under normal conditions, I say normal because it is suppressing here, technically under normal conditions it can go up around 6.5 dollars and go towards 92. It may push the 91.58 top. It can complete the trough it started from the 91.58 high in April. Normally you would expect it to go up around $6 - $7. Here, the reversal of the trend occurs as follows; If they pretend to break up and crash from here, it means it is going below the averages, then below $80 again. But I think the outlook is upwards, as if this price will climb a little higher. First, the peak at 88.59 is in Brent.
Bitcoin is currently around 63588. The 50-day average is at 65033, the 20-day average is at 63634. The price is trying to go above the 20-day level, it went below it. It is trying to recover from 58402. They brought it down to 58402. The previous bottom was at 56552. From there it is now rebounding again, if the resistance passes at the average it can go up to 65000. In a sense, he is waiting for the FED to cut interest rates. In other words, if there is an escape from the dollar with the FED's interest rate cuts, these prices will go up. Indices go up, gold and silver go up. By looking here you can see that gold or silver will not go down much. Because this place is going up. They usually follow the same route. This could not exceed 73000 in the horizontal area. A problem occurred before reaching 72000. Two peaks were formed there: 71979 - 71997. Now again, the target is the 50-day average first, and if it can pass, it will go up to 67000. If we are going step by step, above that it is around 70000 and then around 72000.
Of course, Ethereum also goes up if Bitcoin goes up. Among the averages, the 20-day average is at 3474, the 50-day average is at 3474. This means that 3 down and 5 up is a Golden Cross. So, let's say Deadly Cross could have saved him. In other words, 20 days could not go below 50 days. They bumped into each other. Now the price is trying to go up again. At the same time, he goes to check this hill in 3654. There may be a possibility of a reverse head and shoulders formation here. If it doubles up, it goes back to the old top, again towards 4000 figures. This place seems to be turning positive, so pay attention.
Euro - dollar is also trying to recover. He tried to check the 50-day average. The 50-day average is at 1.0771 and the 20-day average is at 1.0744. There is a difference of 26 points. The price is trying to get stuck between these two averages. It has been trying to recover a little since June. We'll see as if he's trying to draw such a semicircle. It can't go to 1.09's right away. Because the European Central Bank reduced interest rates. In other words, when the interest rate was reduced, the chance of gaining value against the dollar suddenly decreased. Even if the dollar index remains where it is, the euro zone is reducing interest rates. In this case, the dollar gains value without stopping.
GBP - USD seems a little better. Then the problem is around 1.29. Last time they gave downwards from 1.2860. Trying to hold on around the average. 1.2612 was the last bottom it saw. Now there is a movement from top to bottom here. If it closes above 1.27, things will turn positive. If the breakout occurs in an upward direction, the target will be 1.29. If the breakout occurs downwards, 1.25s will be the target. There is no need for prophecy, if it closes below the averages and above the averages at the moment, then it is understood that there is a greater chance of going up, it means the buyer has arrived. Nothing is coming at the moment, he is having a below average time.
In GBP - JPY, unfortunately, since JPY has lost value, USD - JPY, GBP - JPY are climbing up. The Bank of Japan's intervention in the last week of April did not work. He lowered it, then climbed again, and is climbing again. The economy must be good. Some such sales are only temporary. It looks at confidence in the economy. If the economy is recovering and providing confidence, there is no need for central banks to sell. In order to stop this, the Bank of Japan must then come and sell and increase the interest rate against sterling or against the dollar in order to make the money valuable. But the trend is exponentially upward with the 20-day average, reaching 201.41. It stays above this and goes upwards. It draws an upward channel and has an exit channel. The averages do not allow the price to reach the bottom line. It keeps the price up, the trend is up.
If you look at the dollar index, it almost reached 106.52 and touched 106.133. This is a comparative thing; if the currencies opposite it are weakening rather than strengthening, the dollar index does not need to do anything. It's getting stronger all the time anyway. In other words, the opposite currencies are falling downwards, weakness. Yen is down, sterling has no gain in value against the dollar, Euro is a disaster and what can the dollar index do? So he has to stay up there. It cannot go down because the other currencies are already falling down for no reason.
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