Currently, Euro - Dollar parity is at 1.0728. I will continue to follow the 1.770 - 1.08 resistance in upward movements. My main target is level 1.12. Again, he made a good decision by converting his dollars into euros from 1.0520 to 1.0550. We have all seen together that our weekly prediction on this side has come true. Of course, the dollar index was also an important factor here. The dollar index had risen to the level of 107, but I had first stated that the rises would not be permanent and that I expected a retreat in the dollar index to 105.50 and then to 104.50. Currently, the dollar index is at 104.95 with a 1.5% seller. The development we predicted in the dollar index has come true this week. The trend in euro-dollar parity is upward. That's why I think the investor who had dollars in hand made the right decision by converting it into euros at parity.
Ounce gold continued its fluctuating path this week. It carried out transactions between 1980 and 2004 dollars. It tested above the 2000 dollar level again after the non-farm employment data was announced today. For some reason, it tested above the $ 2000 level on Friday last week. I do not predict that ounce gold will remain above the 2000 dollar level. If 1960 is followed by 1930, I will think again and if I want to buy it, I will buy it, but I was warned not to buy gold above the 2,000 dollar level right now. This thought of mine is still valid.
We are completing the week with an increase in Ounce Silver. It has increased significantly compared to gold. There is a 1.76% increase in value in ounces of silver. In my article this week, the $23.16 level was seen below the $22.80 support level. But it wasn't permanent. This is a strong support level. The main target is 24 and then 26 dollars. I had comments this week about the level, the same opinion is valid. The first target is 24 dollars, followed by 26 dollars. My positive expectation continues on the silver side.
The fluctuating course of oil prices was also very important this week. It carried out transactions in the range of $85 - $89. It is currently stuck in this band range at $ 86.5. I do not predict that the declines will be permanent. Upward movements may occur again. Those who open positions on the oil side need to be careful with their transactions on this side.
It is also stuck in a narrow band gap in the cryptocurrency market. It is stuck between 34000 - 35000 dollars. I had a warning last week. I expect sharp declines in the cryptocurrency market. Oh, be careful, this thought of mine is still valid. Those in the cryptocurrency market should be careful. I would like to state again that I expect sharp declines here this week. So, I expect drops below the $30,000 level. Maybe it can fall back to the $28000 support level. Bitcoin is currently at $34815. I'm waiting below the $30000 level. Those who trade in the cryptocurrency market need to be careful.
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.
