Despite the markets being closed due to Christmas, pricing in EUR/USD continues to follow a weak trend due to selling pressure. Technically, if the 1.0427 supply zone remains below, the possibility of the price pulling back to 1.0345 levels may increase. In this case, I expect the upward movements to remain limited and low volatility to continue for a while. In positive scenarios, although there is no clear expectation at the moment, if the 1.0482 level is broken upwards, the potential for the price to rise to 1.0627 levels may technically come to the fore.
While the positive trend below the 1.2621 supply zone continues in GBP/USD, I observe that the markets exhibit a calm outlook due to Christmas. If this zone is broken upwards, I expect the price to make a positive move towards 1.2753 levels. In terms of bearish scenarios, the reactions that may come from the current region should be monitored carefully. In line with these reactions, the possibility of a short-term pullback in the price towards 1.2474 levels can be technically evaluated.
Following the consumer confidence data that fell below expectations, the upward momentum in USD/JPY pricing weakened, and it is seen that the price remained below the 158.078 supply zone. If this level is maintained, the potential for the price to decline to 153.380 levels may increase. On the other hand, for a positive scenario to occur, it is critical for the 158.078 supply zone to break upwards. In such a case, it may become technically possible for the price to rise towards 161.820 levels.
While the value loss on the ounce gold side continues strongly, I observe that the price continues its horizontal course above the 2584.8 demand zone. I expect the breaks that will occur below this zone to support the price's decline towards 2537.3 levels. On the other hand, for an optimistic scenario, it is critical for the price to hold above the current zone. In this case, the potential for the price to exhibit a positive dominance towards 2647.4 levels can be predicted from a technical perspective.
The valuation on the oil side continues to maintain its strength above the 69.51 demand zone. If the pricing continues to rise above this zone, positive scenarios towards 72.64 levels are likely to occur. On the other hand, in terms of downward movements, breaking the 69.51 demand zone may increase the possibility of the price declining towards 67.02 levels. This possibility should be closely monitored for now.
On the Bitcoin side, with the deepening of corrections, the 91161 demand zone stands out as a critical support point for buyers. Possible buying reactions from this level may accelerate the upward movement of the price. If it remains below the 91161 level, I expect the rise to continue towards 105716 levels after liquidity cleaning. However, in downward scenarios, if the 91161 demand zone is broken, the possibility of the price declining towards 92.733 levels can be evaluated from a technical perspective.
In the DAX index, where selling pressures are effective, I observe that the dominance continues above the 19842 demand zone. Squeezes that may occur above this level may cause buyers to step in and cause the price to rise towards the 20282 levels. However, if the 19842 level is broken in the bearish scenario, the probability of the price falling towards the 19509 levels may increase with the strengthening of selling pressures.
As the end of the year approaches, it is seen that the negative dominance of the pricing in Nasdaq continues calmly. From a technical perspective, as long as the 21532 supply zone remains below, the probability of the prices falling towards the 21,017 demand zone may increase. In terms of optimistic scenarios, although there is no clear expectation at the moment, the upward break of the 21,532 supply zone may cause the balances to change positively. In this case, it may become technically possible for the prices to rise towards the 22,036 levels.
The information, comments and recommendations contained herein are not within the scope of investment consultancy. Investment consultancy services are provided within the framework of the investment consultancy agreement to be signed between brokerage firms, portfolio management companies, banks that do not accept deposits and customers. The comments in this article are only my personal comments and these comments may not be appropriate for your financial situation and risk return. For this reason, investments should not be made based on the information and comments in my articles.
