It would probably not be wrong to say that we are experiencing a black swan event that we have not seen in Nasdaq for many years. Technically, all the supports in the uptrend channels have been broken. We will see this week whether this will be a one-week violation or a bear trap. Technically, 17000 is an important level, the area below here is empty until 16000. Nasdaq, which has been falling breathlessly for 6 weeks, should show a reaction increase this week. High tariffs on one hand, geopolitical risks on the other, Trump's harsh rhetoric, and his attempts to change the conjunctures that have not changed for 100 years have exposed everywhere to excessive selling pressure in the markets. 200 dma remained at 20400. Although all indicators are extremely negative, I think the countries will go to an agreement. It may be healthier according to the reaction size and closing this week. Those who have positions can trade in a buy direction at 17000 levels. The return of such a sharp sale may also be harsh. The number we will follow at the top is the 18500 - 19000 range, if we can exceed it and close, it will remain a violation.
DAX has also had its share of American stock exchanges. Technically, 19600 is very important, it should be looked at as below and above. If 19600 is not broken, there is no problem. The price will move towards the 22000 level again. However, if 19600 is broken, they can strain it down to 18000.
In the ounce of gold, shorts may have been a little pleased at the end. However, I think this movement will remain bullish, especially unless 2800 is broken. There is still an upward margin, countries are still buying gold. Remember, the one with the most gold sets the rule. Technically, 3000 is support in short, relaxations can be seen up to 2900 under that level. The movements are very fast, traders should reduce their lot amounts. If we see a 3200 movement again, this time our target will be the 3600 region.
While gold is so volatile, nasdaq and globally things are mixed up, no one cares about silver and the price still hasn't been able to deliver what is wanted. If sales continue, we can visit the 27 - 26.50 region for another round. I maintain my $50 target in the medium term (within 2025).
Brent oil was the first product to reach the target. Global problems, excess supply, the US agreeing with Russia and saying they will buy oil from us have pushed the price down considerably. Although there are reactions towards $70 - $72, the net direction is still down, don't be stubborn.
Bitcoin is the product that first sensed the problems globally and started selling. Technically it is still negative, the counter supports below are the 76000 and 73000 bands. If that is broken, I don't think anyone will be happy even if the bull comes. For positivity, the 87000 - 89000 region must be exceeded.
Ethereum is a complete altcoin movement. Monetary tightening is almost over, interest rates have decreased, Dxy has decreased, this time it is affected by the global conjuncture. I have mentioned the possibility of a 1000 level before. Unfortunately, we are slowly moving towards it. Two supports that can hold in the short term are 1560 and 1320. No one should talk about a rally until it settles above $2000 for positivity. Then these declines will be forgotten quickly.
EUR/USD continues to rise silently. 1.1250 is an important figure at the top, if it can settle above it then we can talk about a euro storm. Currently, the supports within the channel are 1.0850 and the main support is 1.06. Bulish-oriented trade will continue above these two levels.
The market is so negative that I do not even look at my Euro and JPY positions that are in profit. Every exit at 140 target in USD/JPY continues to be a selling opportunity. Markets always rise in the long term. Maybe not now, but these days will be forgotten too. For those with long-term spot stock investments, big declines are always buying opportunities. Nothing will change this system.
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.
