Dxy, I have been telling you for a long time that the 106 and 107 regions cannot be crossed permanently. It was rejected again in the 106 region and relaxed to the 104 region. Subsequently, EURUSD and GBPUSD continue their upward rise from where they left off. Discourses regarding interest rate cuts will probably become more mature at this Fed meeting. Even though I expect a discount this month as a surprise, the decision is made by the Fed. Technically, 105 will act as resistance in the short. As long as it stays below, levels of 101 and lower can be expected.
Nasdaq completed its formation target above 20000. Now it has technically relaxed to 19400. I think this move will remain a correction. 19000 is an important support. Unless there is a 2-week close below, the main direction is first 23000, then 25000, maybe even 30000, I repeat, even 30000 may appear. Closings below 19000 will disrupt the technique and extend the maturity.
Dax actually lagged behind technically and fundamentally, but the selling pressure on the US side also affected the German stock market. The support level we will follow here is 18000. Selling below the rate may become aggressive, but if it can hold, then 20500 is the inevitable clear target.
It is too early to say that the rising channel in the ounce silver short has been broken and the trend has returned. There is the potential to turn this place into a bear trap. I mentioned the global commodity cycle before. There's still time for that. There may be some horizontal and boring movements in the summer months, but after September, the commodity rally will continue where it left off. Technically, 34 and 36 are the target as long as it remains above $25.50. Horizontal band movement will not be surprising for a while. I am in favor of collecting all declines below 30 dollars up to 25.50. Target 34 - 36 longer $42 - $50 - $60 - $75.
Even though ounce gold broke the bull flag image upwards, permanence above 2450 was still not achieved. However, if it can stay above 2450 again, then the 2560 - 2590 region is inevitable. Horizontal area is very wide, 2290 below 2450 at the top current strategy collect the declines up to 2290 sell as it gets closer to 2450.
After the ascending channel was broken, Bitcoin accelerated upward again, turning the formation into a short bear trap. Now the 59000 - 60000 region is the main support. The main resistance at the top is 71800. If we can overcome it, the movement between 85000 - 90000 and 102000 is inevitable. The level at which altcoins will rise unconsciously is 100000 and above. This is a market where anything you think is impossible can happen.
Brent was rejected again in the 88 and 92 bands. 100 - 120 - 150 - 200 in the market tell those waiting, 92 must be passed first. Otherwise, pressures will continue and the channel bottom of $70 will be tested again. The real game will begin there. If 70 is not held, much deeper declines await us below.
Selling will continue unless USDJPY exceeds 162. But if it is passed, we must get used to the new world order and think that the global trouble may come from Japan.
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