While no significant effect was seen on pricing after the ECB's interest rate cuts, the negative US unemployment data highlighted the positive dominance. The dominance over the 1.1031 demand zone in EURUSD supports the continuation of the upward movement up to the 1.1158 level. However, if the 1.1031 level is broken, the probability of prices falling towards the 1.0944 level may increase. Therefore, whether the 1.1031 level will be maintained and the reactions that may come from this level should be carefully monitored.
In the period when the dominance under the 1.3124 supply zone in GBPUSD continues positively, the weakness of the dollar stands out. In this context, the break of the 1.3124 level may support the continuation of the upward dominance up to the 1.3230 levels. However, there is no significant reaction at the moment. Therefore, reactions that may come from the 1.3124 levels may trigger short-term declines. Following these declines, important structures may be activated for medium-term increases.
The negative dominance seen in USDJPY pricing following the weak US unemployment data continues to gain strength above the 141.858 demand zone. Breaking this zone may trigger continued suppression in the medium and long term and a pullback in prices towards the 137.064 demand zone. On the other hand, Japanese authorities have stated that they will continue to increase interest rates, but have not announced a clear time for when they will start. Against optimistic price movements, it is important to stay above the 141.858 demand zone; therefore, the short-term horizontal trend may continue.
The positive momentum gained by ounce gold after the negative US unemployment benefit application data is moving below the 2559.8 supply zone after creating a new peak. If this level is exceeded, prices may be expected to rise towards the 2596.5 levels. In terms of action-oriented scenarios, there is no clear nuance at the moment; However, it is important to closely monitor the 2512.2 demand zone in line with possible reactions.
Short-term buyer momentum comes to the fore instead of selling pressures in oil. After prices were pulled below the 69.64 supply zone, movements towards compensation for losses continue. Despite the higher than expected crude oil inventory data announced yesterday, purchase reinforcements continue. This situation shows that closings above the zone may increase purchase supports towards 74.33 levels. There is no clear situation in terms of negative movements at the moment; however, reactions that may come from 69.64 levels should be monitored carefully and a pullback to the 64.59 demand zone may be observed in line with these reactions.
The positive momentum gained by pricing in Bitcoin has supported the positive dominance in crypto assets. Although the fact that the 59506 supply zone is in a seller position seems to have eroded the rise in prices, I can predict that increases towards 65645 levels may continue if this zone is exceeded. There is no clear situation at the moment in terms of movements in the opposite direction.
It is noteworthy that the market did not find the expected response to the situation after the 60 basis point interest rate cut by the European Central Bank. In the DAX, the 18591 supply area is in a seller position and it is seen that this area is being challenged by buyers. If the area is exceeded, it can be expected that the increases towards the 18970 levels will continue with the continuation of buyers. There is no clear situation at the moment in terms of movements in the opposite direction; however, if this area is exceeded in the continuation of increases, the buyers will increase in the market.
The expected increases in the index continue with volume after the weak unemployment data. In Nasdaq, the 19594 supply area is in an important position for sellers and the reactions that may come from this area may cause a short-term correction. However, it is expected that the volume increases will continue again after this correction. If the 19594 level is exceeded, it will be likely that the dominance towards the 19971 levels will continue. There is no clear situation at the moment in terms of scenarios in the opposite direction; On the other hand, if reactions from the 19594 supply zone cause sellers to step in, the possibility of a decline towards the 18912 level may increase.
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