Technically, a long-term trend breakout has occurred in DXY. The US will continue its weak dollar strategy; the door to 90 is now open. My strategy of selling DXY and buying everything else continues this year.
The weekly bull flag formation is active on the DAX chart. As long as we don't fall below 23,000, the target is 30,000.
In Nasdaq, we saw poor performance last week due to the technology rotation, but it managed to hold above the main support. As long as 23,800 is not broken, the target is 30,000; below 23,800, adios. The ascending channel continues in Russell 2000. As long as the 2450 level is not broken, there is room for growth up to 2800-3000.
In silver, the rising support has been broken. A technical correction to the 100-105 band may occur; a break above $85 is needed for confirmation. In the other scenario, the 71-65 range will come back into play.
Gold has found a reaction from the rising support. Gold is always gold. Platinum, silver, and palladium are falling, but gold is holding on. Technically, there's room up to 5200, but now that it's under bear control for a while, you know what to do when it reaches the upper band of the channel.
Brent has escaped the short-term downtrend, but my view hasn't changed. Every breakout is a gradual selling opportunity.
In Bitcoin, there are neither buyers nor sellers left. We might see a high-volume reversal. 85000 has become a significant resistance; nothing will happen unless it's permanently broken. If it is broken, I will re-analyze it. If the 76000-85000 resistances aren't broken, we need to be prepared for 50000.
Not much has changed in Ethereum. In a bull market, the force that only causes bearish conditions in altcoins will one day not even let you drink water. Liquidation is still very weak; the efforts to sink MSTR and Tom Lee are continuing. Stay away until the resistances are broken.
In USD/JPY, the JPY strengthening we haven't seen will probably begin this year.
In EUR/USD, as long as 1.14 is not broken, the short-term target will be 1.25.
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.
