Everyone's nightmare, DXY, has climbed back to the 109 - 110 area. Technically, the pressure is still ongoing. In order to see a recovery in the market, we need to see bond sales return to normal and a recovery in the Eurozone. What needs to be understood here is that DXY is not going up, Europe and other countries are not showing a positive trend. This only ruins currencies. Commodities, Bitcoin and indices are still in serious resistance areas. It seems like they will not let the markets breathe easy before Trump takes office. The 110 level is an important level, when it approaches there, the market goes into oversold mode. That's why it should not be exceeded. We need to go back below 107 in order to relax below.
As of tomorrow, all official holidays are over and volume in Nasdaq will return to the market, as we say Christmas and New Year's holiday. I expect the continuation of the wide-band zigzag process up and down. Those chasing excessive short positions should follow 19500. All declines will remain as buy unless this level is broken. The main target price expectation is between 25000 - 27000.
The German stock market, which had its share of the intermediate decline, managed to hold on to the 19500 intermediate support level. If we can climb above the 20400 level again, this time we will talk about the 21500 and 22000 range.
The zig-zag process in ounce gold is still ongoing. I had stated that the bottom would be found as of December 20. This scenario is active for now. As long as it remains above 2400 in technical terms, all declines will continue to be buying opportunities. The main target price expectation is between 3400 - 3600 dollars. We need to see clear closings above 2750 for the movement to accelerate.
The ounce of silver touches and bounces off the important support level of 28.80. I am still positive technically and fundamentally. I think we will see the level of 50+ dollars in 2025. The acceleration level of the movement is above 32.50. When we stay above 32.50 for 2 days, the movement quickly targets $40.
Our horizontality in Bitcoin is still continuing. The fluctuation will continue for a while within the 108000 band movement at the top and the 90 band movement below. If we see a rapid breakout, 120000 is the short target. The medium-term target price range is 150000 - 180000, if it is exaggerated, the possibility of 200000 is on the table.
Everyone is watching Ethereum for the altcoin rally. I am one of those who think that the movement at the beginning of the bull will be with Solana, not Ethereum. Yes, Ethereum is a potential product, but now its competitors have also started to strengthen. Coins such as XRP - Solana - Cardano are absorbing the liquidity in the market. The movement is still weak. We need to see a sudden jump. Because it has not overcome its 5-year resistance yet. This delays the time to start an investment movement in many products. Technically, I think that the new ATH region may come at any time. In short, the support level is 3100 and our resistance level is 4000.
The medium-term price expectation for Brent oil is $60. Every exit continues to be a selling opportunity.
Since the demand collection zone in Eur-Usd was broken down, it still has not been able to recover. If there is no action this week, the euro side should be watched carefully. Yes, cheap currency benefits the country, but under 1 dollar is a risky area.
The rising channel in Gbp-Usd has been broken. The demand collection zone below remained at 1.20. If dxy has completed this rise, those who cannot collect from here may regret in 2025. Under 1.20 is a risky area.
In Usd-Jpy, China's deflation fear and the US 10-year bonds staying above are still negatively affecting the Japanese side. Although its country is facing the risk of recession, it continues to keep its currency in the negative. Frankly, the end of this business seems to be very interesting. There are problems globally, but no central bank even fulfills its obligations. The probability of encountering problems originating from Japan and China continues to increase. Technically, if we are still above the main resistance of 158, escape, if we are below, collect JPY.
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