The positive fluctuation in EURUSD before German inflation data was supported by the statements made by FED Chairman Powell. However, if the movement below the 1.0855 supply zone continues its positive course, I expect the buying potential towards 1.0906 levels to come to the fore with the upward break of this zone. In terms of downward dominance, there is no clear expectation at the moment. However, if the US data is positive, I observe the possibility of a retreat towards 1.0786 levels in line with the reactions that may come from the 1.0855 supply area.
While the attention on GBPUSD is turning to UK growth data, positive pricing has put into effect bullish structures under the 1.2894 supply area. It is expected that the upward movement towards 1.2991 levels, which is the target of the structures formed after this region is crossed, will be supported. However, positive US data to be announced during the day may highlight selling pressures by testing the 1.2894 supply area. Therefore, it may be technically possible for the pricing to be monitored closely and for possible withdrawals to occur towards 1.2781 levels.
While USDJPY's rise slowed down with FED Chairman Powell's comments, the reactions from the 161.826 level continue in a similar manner due to the influence of the sellers who were previously active in the region. In this region, attention turned to the inflation data to be announced during the day. A possible decline in inflation data could support a rapid decline in pricing towards the 159.904 demand region. However, 161.826 appears as an important reference point in terms of upward potential. By exceeding this level, I expect critical increases to accelerate towards 163.389 levels.
Following the dominance of positive movement in ounce gold, horizontal compression on the 2356.6 supply area supports the commodity positively. As long as it remains above this zone, I expect the upward move towards 2394.4 levels to be technically supported. On the fundamental side, I will follow US inflation data closely. A possible decline in inflation data may support upward movements. However, if a positive statement comes, breaking the 2356.6 demand zone will be important. In this case, it may be possible that dominance towards the 2322.2 demand region will continue.
In oil, the US crude oil stock data coming in lower than expected has supported the buying potential. While it is pushing the 82.44 supply zone with the effect of the momentum gained, exceeding this zone may support a rise towards 84.47 levels in the continuation of the upward movement. In terms of negative dominance, I will closely follow the reactions that may come from the current region. Previously, the reactivation of the sales that were previously activated in the region may cause the declines to gain dominance towards 79.82 levels in the first place.
I observe that the selling pressures in the Bitcoin crypto asset market are concentrated under the 58,712 supply area. This indicates that the decline towards the 51,352 demand region may accelerate. However, for an upward movement, the 58,712 supply area must be crossed. In this scenario, I can state that the balances of the market may change positively again and the potential for prices to rise towards 65,684 levels can be observed technically.
While attention in the DAX Eurozone turns to German inflation data, I see that the bullish dominance on the medium-term scale continues strongly under the 18,630 supply zone. Breaking this region may support the move with buyers towards 18.844 levels. In terms of downward movements, there is no obvious situation at the moment, but a possible decrease in inflation data may bring about a retreat towards 18.261 levels in line with the reactions that may come from the 18.630 supply area.
In Nasdaq, the index continues to break record after record with the momentum it gained in the 20,466 demand region. While the growth achieved by the companies also supports the pricing, a potential towards 21.188 levels can be seen in the short term. There is currently a clear situation in terms of downward movements. However, the possible increase in the US inflation data to be announced during the day may lead to short-term negative fluctuations.
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