The DXY struggled to break above the 100 band and is heading back towards the horizontal band. A clear breakout requires a breach of the 97 level. Then, declines towards the 90 level will continue. The technical outlook for the EUR/USD is a bull flag, with 1.14 serving as the main support level. As long as we remain above this level, the formation target is 1.30-32.
The Nasdaq reacted from the bottom of the ascending channel last week, but there is still no clear reversal signal. If we fall below 24600 again, 24000 and 23500 could be on the agenda. Medium-term buyers can try these levels with a stop-loss of 22500. We maintain our long-term target of the 30000-32000 range.
The DX did not join the rise of the Dow Jones Industrial Average (DJ), Nasdaq, and S&P 500. The 23200 level remains significant. If this level is broken, it could fall as far as the channel's thickness. Be cautious around 22200.
After completing the technical target formation for gold, the price continues to remain below. 3750 currently serves as intermediate support; declines to this level will act as corrections for the rise. It is expected to move between 4200 and 3800 for some time (6-8 months). Because the band is wide, careful calculation of the safe, margin, and lot is essential.
Silver has become more sensitive to gold's rise. What we need to understand here is that silver is looking to move even higher. The current band thickness is roughly $10, meaning entering a trade in the middle of the 54-44 range or being caught in the opposite direction is tantamount to suicide. As long as we remain above $44, the $70-80 range is an easy target. Below $44 is the stop level for leveraged trades.
Brent crude oil is still very weak, but we now have a new range. Fluctuations between these two levels, with 60 at the bottom and 71 at the top, are quite normal. If 71 is broken, it will target $78 again at the top; if 60 is broken below, $50 is inevitable.
Bitcoin remains in its ascending channel, but it has been slightly oversold because it leads the global risk sentiment. The answer to the question of whether the main trend is changing is 85,000. If we can stay above it, all of this will be a bad memory. If we can't, they could wipe out everything down to 74,000, which is where the main trend is.
Ethereum's rapid move to 4,800 failed again, and we've returned to the 3,000 level with high volatility. Altcoins aren't doing too badly with all this selling. For a clear return, we need to reach 4,000 before falling below 2,900. For altcoins, 4,800 should be broken permanently.
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