The Nasdaq continues its upward channel with zigzags, showing no breakout. Below, 24,000 is a key support level; pullbacks to this point are normal. As long as we remain above 22,000 in 2026, the target is the 32,000-34,000 range.
The Dax has returned to the 24,600 level. After a slight correction, it will initiate a move towards 26,000 and 28,000. Our short-term support is 23,800.
It seems that the US is conducting operations in some country every day. The 97.50 level is important for the DXY; a break below this could end the long-term uptrend. Many products correlated with Tera are following this level. In the medium term, unless 101 is breached, I expect a decline towards the 90 and 88 levels.
The EUR/USD, inversely correlated with the DXY, continues its bull flag formation. If 1.20 is breached, the 1.23-1.25 levels could be reached quickly, with the main support at 1.14.
The recent downward movement in gold broke the uptrend. The level we will be watching closely is 4250; unless this level is broken, a renewed upward movement is inevitable. In the worst-case scenario, actions must be taken quickly. If 4250 is lost, the sell-off will deepen.
Silver has completed its formation target. The uptrend support is $69; if this is lost, caution is advised. If we cannot break through, it will evolve upwards again, and this time the target will be $100.
Brent oil is still technically weak. If $63 cannot be surpassed with this week's action, another attempt at $60 will occur, and the $60 level is important (below is a precipice). If $63 is breached, a reaction rise to the $65 and $68 range is expected. It should be remembered that in the medium term, rises will be met with selling.
Bitcoin has partially broken out of the falling channel, but it still looks very weak. If we can reclaim the 95,000 level, we could see a rise to the 103,000-105,000 range. Our condition is two consecutive closing prices above 95,000. In the other scenario, if everyone is fed up and 80,000 is lost below, it will open up space down to 70,000.
Ethereum is holding up a bit more strongly than Bitcoin, but the 3500 level needs to be surpassed. Then, with sustained momentum, a test of 4800 will come again and it will be surpassed.
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