Following the decline in the inflation data of the European Central Bank, pricing continues to maintain a horizontal sales volume. In EUR/USD, the 1.0773 demand zone stands out as an important level where buyers are located. With possible buying reactions from this zone, I expect prices to continue to dominate positively towards 1.0966 levels. However, in order for the downward dominance to continue, the 1.0773 level must be broken. In this case, the probability of selling pressures strengthening and continuing towards 1.0642 levels will increase.
After the Bank of England kept interest rates constant, pricing continues strongly in a horizontal band structure. In GBP/USD, the 1.2897 demand zone stands out as an important level where buyers are located. A downward break of this zone could lead to the loss of an important support point and trigger a decline in prices towards 1.2723 levels. However, it is important to maintain permanence above the current zone in order for optimistic price flows to continue. In this case, the possibility of supporting positive dominance towards 1.3083 levels will increase.
Following the US interest rate decision being kept constant, due to the horizontal fluctuations seen, USD/JPY is currently approaching the 149.992 supply region. In case this region breaks upwards, I expect the dominance to be supported positively towards 151.515 levels. However, in terms of downward movements, it is important to closely monitor the reactions of the current region. If the region is broken below, selling pressures are likely to continue up to 147.800 levels. In addition, it should be taken into account that the US data to be announced during the day may also have an impact on pricing.
The momentum losses experienced due to the positive data flow on the US side, sellers continue their dominance above the 3006 demand region in ounce gold. Closing below this region may cause prices to deepen towards the 2952 level. However, it is important to maintain permanence above the current region for an optimistic price flow. If this hold is achieved and structures that will support buyers are formed, I expect prices to gain positive dominance towards 3090 levels.
I observe positive momentum in prices following the horizontal fluctuation in the oil market and Israel's violation of the ceasefire in Gaza. The 70.29 supply zone represents an important level where sellers are located. Potential reactions from this zone may lead to short-term selling pressures continuing towards 65.29 levels. However, for an optimistic price flow, the 73.29 supply zone needs to be broken upwards. If this break occurs, I expect prices to rise to 74.51 levels and positive dominance to continue.
I observe that the fluctuation in the crypto asset market is positive with the re-emergence of sleeping whales since 2016. For now, I predict that bitcoin 86271 supply zone is testing the price and if upper closes occur from this zone, it may create positive dominance towards 93388 levels. For downward movements, possible reactions from current levels may carry the dominance of sellers towards 76122 levels, but I do not expect any downward pressure in general.
Following the statements of European Central Bank President Christine Lagarde, it was stated that inflation is still at a restrictive level and that this will be reduced with the steps to be taken. With these statements, I observe that the sales volume in pricing in DAX has increased below the 23222 supply zone. Staying below this zone may reinforce the dominance of sellers towards 22734 levels. On the other hand, breaking the 23222 level constitutes a critical threshold for positive price flow. If this level is maintained, I expect prices to gain momentum towards 23553 levels.
US stocks gave back some of the previous session's gains due to investors' re-evaluation of economic risks and the FED's inflation projections. When examined from a technical perspective, Nasdaq is currently below the 20036 supply zone, the index, which is following a horizontal support line supporting the dominance of sellers in the medium-term view, I expect the dominance of sellers to continue towards 19267 levels as long as it remains below the zone. There is no clear technical nuance for the optimistic price flow to be seen at the moment. However, in order for increases to be seen, the 20036 supply zone must first be broken. In this case, a positive dominance towards 20617 levels can be supported.
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