Dxy is now done or not, we have reached the 100 level, which is the area of continuation, and it is trying to hold on. Since January 2024, the dollar index sell-buy-what-you-find strategy is still clearly in front of us. However, unfortunately, products such as EUR and GBP in Dxy cannot make serious premiums. The reason is that Europe is lowering interest rates, England is lowering interest rates, and as EUR and GBP strengthen, problems began to arise in the export sector. Expensive EUR and GBP are harmful to its own country. In the future, ECC has to make additional interest rate cuts and monetary expansions. This will be perceived as a serious weakening of the Euro. This should definitely not be forgotten. The weakening of DXY does not mean that EUR and GBP will strengthen. There are many events in history where DX, EUR and GBP fell at the same time.
DAX is at a new peak, I do not technically expect a correction before the 20,000 level. In fact, I am aware that it is lagging behind in the correlation between NASDAQ and DAX. The levels of 2000 - 20300 - 20500 will be the area where corrections will begin. Movements above will remain as shaking. In the following days, it will be inevitable for it to settle permanently above 20000 and go to 25000 levels.
Nasdaq is experiencing the hardship of going up too fast. If you notice, while Dow Dax Spx made a new peak, Nasdaq fell behind a bit. I am considering all declines up to 19500 as a purchase. In short, my target price expectation is 21000, we will talk about the target prices of 23000 - 24000 by the end of the year or in the first quarter of 2025.
I had stated that I did not expect a correction before 2670 ounce gold. The price went up to 2685 and there is still no sign of technical correction. If the declines cannot break down the level of 2620, the level of 2970 will be seen if the regions of 2770 - 2810 are exceeded at the tops. If you say let's sell gold too much, I recommend you to be cautious. In commodities, there is a top of the top and a bottom of the bottom.
Silver ounce broke the narrowing triangle upwards. The movement after this may be fast or slow, but the 37 - 40 region is inevitable. Those who trade short should not panic sell before falling below 30. In case of an additional 32.90, it is necessary to increase the buy position.
While Brent oil supply restrictions are in meetings, oil has now settled in a new band. I expect it to move between 50 - 70 for a while. If there is permanence below 50, then it means we will return to $ 30. The sell strategy has worked clearly every exit since $ 110.
Bitcoin technically triggered a bull flag formation. The number we will follow in the short is 60 thousand, if we cannot get closings below this level, we will quickly go to the 93600 level. In altcoins, I expect 4x - 5x from the last bottom prices quickly. The 100 thousand level is psychological resistance. At that level, if I have an altcoin investment that satisfies me, I will close it by 75%. There is a high probability of another round of correction at the 100,000 - 105,000 level.
When Usdjpy increased interest rates after 30 years, the country that caused a short-term crisis in financial markets, I told that Japan should be watched in 2023 and that I constantly hedged myself with Vix. As a result, JPY continues to gain value. Although it exhibited a volatile movement with the prime ministerial elections last week, it continues to decline where it left off. I prefer to stay on the Japanese yen side instead of the euro or pound, the margin is larger. Technically, all exits up to 151 are sales opportunities. But the target is $ 130.
Did you know that gold and silver indirectly affect nzd - usd and aud - usd? Nzd - usd has broken the downward trend that has been coming since 2021. Technically, it should go up as much as the descending channel thickness (with maturity). My intermediate target price expectation is 0.74 and my main target price expectation is 0.85. In addition, when it remains above 0.56 in corrections, every decline will continue to be a buying opportunity.
There is a breakdown in the chart like NZD - USD in AUD. I prefer to be on the side of AUDS and JPY instead of EUR and GBP in 2024 - 2025 and I take care to collect gradual VIX in every decline.
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