| Time | Important | Country | Event | Forecast | Previous | Actual |
|---|---|---|---|---|---|---|
| 02:30 | Japan (JPY) | Household Spending (MoM) (Feb) | 0.5% | -4.5% | 3.5% | |
| 02:30 | Japan (JPY) | Household Spending (MoM) (Feb) | 0.5% | -4.5% | 3.5% | |
| 02:30 | Japan (JPY) | Household Spending (YoY) (Feb) | -0.9% | 0.8% | -0.5% | |
| 09:00 | Germany (EUR) | German Factory Orders (MoM) (Feb) | 3.4% | -5.5% | 0.0% | |
| 11:00 | Euro Zone (EUR) | ECB's De Guindos Speaks | ||||
| 11:30 | United Kingdom (GBP) | S&P Global Construction PMI (Mar) | 46.3 | 44.6 | 46.4 | |
| 15:30 | United States (USD) | Private Nonfarm Payrolls (Mar) | 127K | 116K | 209K | |
| 15:30 | United States (USD) | U6 Unemployment Rate (Mar) | 8.0% | 7.9% | ||
| 15:30 | United States (USD) | Unemployment Rate (Mar) | 4.1% | 4.1% | 4.2% | |
| 15:30 | Canada (CAD) | Employment Change (Mar) | 10.4K | 1.1K | -32.6K | |
| 15:30 | Canada (CAD) | Unemployment Rate (Mar) | 6.7% | 6.6% | 6.7% | |
| 15:30 | United States (USD) | Average Hourly Earnings (MoM) (Mar) | 0.3% | 0.2% | 0.3% | |
| 15:30 | United States (USD) | Average Hourly Earnings (YoY) (YoY) (Mar) | 3.9% | 4.0% | 3.8% | |
| 15:30 | United States (USD) | Nonfarm Payrolls (Mar) | 137K | 117K | 228K | |
| 15:30 | United States (USD) | Participation Rate (Mar) | 62.4% | 62.5% | ||
| 18:25 | United States (USD) | Fed Chair Powell Speaks | ||||
| 19:00 | United States (USD) | Fed Vice Chair for Supervision Barr Speaks | ||||
| 19:45 | United States (USD) | Fed Waller Speaks | ||||
| 20:00 | United States (USD) | U.S. Baker Hughes Oil Rig Count | 483 | 484 | ||
| 20:00 | United States (USD) | U.S. Baker Hughes Total Rig Count | 592 | |||
| 22:30 | United Kingdom (GBP) | CFTC GBP speculative net positions | 29.4K | |||
| 22:30 | United States (USD) | CFTC Crude Oil speculative net positions | 180.6K | |||
| 22:30 | United States (USD) | CFTC Gold speculative net positions | 257.9K | |||
| 22:30 | United States (USD) | CFTC Nasdaq 100 speculative net positions | 23.0K | |||
| 22:30 | United States (USD) | CFTC S&P 500 speculative net positions | 68.3K | |||
| 22:30 | Australia (AUD) | CFTC AUD speculative net positions | -70.4K | |||
| 22:30 | Japan (JPY) | CFTC JPY speculative net positions | 123.0K | |||
| 22:30 | Euro Zone (EUR) | CFTC EUR speculative net positions | 59.4K |
Amid the broader market recovery, Bitcoin price rose late Sunday and reached $30,700 levels as it entered the new week. The daily price change rate is 4.11% at $30,679, according to live price data. Data from Coinglass shows Bitcoin is down 18.63% so far this month, following a 17.3% loss in April. The big question now is whether the industry’s largest asset can sustain its momentum after the recent price action.
The highest monthly real return was realized in BIST 100 index in April. Turkish Statistical Institute (TurkStat) announced the Real Return Rates of Financial Investment Instruments data for April 2022. Accordingly, the highest monthly real return was realized in BIST 100 index with the rates of 7.37 percent when reduced by the domestic producer price index (D-PPI), and 7.79 percent when reduced by the consumer price index (CPI). When reduced by the D-PPI; among the investment instruments, Government Domestic Debt Securities (DIBS) lost 2.42 percent, deposit interest (gross) 6.04 percent, dollar 6.55 percent, gold bullion 6.75 percent, and euro 8.22 percent. When discounted with CPI, DİBS caused investors to lose 2.04 percent, deposit interest (gross) 5.67 percent, dollar 6.18 percent, bullion gold 6.39 percent and Euro 7.86 percent. In the three-month evaluation, BIST 100 index; when discounted with CPI, it provided the highest real return to investors at 2.21 percent; when discounted with PPI, it caused investors to lose 3.88 percent. Euro became the investment instrument that caused investors to lose the most at 17.61 percent when discounted with PPI and 12.39 percent when discounted with PPI.
International credit rating agency Moody's did not change its 2022 and 2023 growth estimates for Turkey in its "Global Marko Outlook 2022-23 report" published today in its May update, but increased its inflation expectation for 2022. Moody's, which maintained its 2022 and 2023 GDP growth estimates for the Turkish economy at 3.5 and 4.0 percent, increased its inflation estimate for the end of 2022 to 52.1 percent from 35 percent in its March update. Moody's maintained its inflation expectation for the end of 2023 at 30.0 percent.
According to the regulation published in the Official Gazette, movable and immovable websites are required to submit sales and rental information to the Revenue Administration. Movable and immovable purchase and sale websites are required to continuously report information regarding the purchase, sale and rental of goods and services to the Revenue Administration (GİB). According to the general circular on tax procedure law published in today’s issue of the Official Gazette, intermediary service providers, social network providers and hosting providers who mediate the publication of advertisements regarding the purchase, sale or rental of movable and immovable properties and goods and services will report to the Revenue Administration regarding the transactions they carry out within one month of the calendar year.
The Istanbul Chamber of Industry (ISO) announced the 500 largest industrial establishments in Turkey. The largest industrial establishment of 2021 was Tüpraş. The Istanbul Chamber of Industry (ISO) announced the 2021 Research on Turkey's Top 500 Industrial Establishments. Sales from production in the ISO 500 increased by 73.8 percent last year, exceeding 2 trillion TL. Exports increased by 33.9 percent in 2021, reaching 85.8 billion dollars. The operating profit of the companies increased by 139 percent, reaching 342 billion TL. In 2021, Tüpraş maintained its title as the largest industrial establishment with 136.8 billion TL in sales from production. Tüpraş was followed by Ford with 67.3 billion TL in sales revenue, and Star Rafineri with 55.2 billion TL in sales revenue.
PMI data from the US continued to keep the economy stable. The "Unemployment Benefits Claims" that came out yesterday were below expectations, but their closeness to expectations meant that there was no significant impact on the market. On the currency side, the most priced-in factor was Trump's promise to impose at least a 10% basic tariff on all countries, as well as the announcement that an additional 15% tax would be applied to imported steel from China and the European Union. The sharp pullback in the Dollar Index had a positive effect on currency pricing.
One of the pairs that saw increased volatility following President Trump's announcement of additional tax packages was GBPUSD. The pair, which maintains a positive correlation with EURUSD, shows that the Bank of England's interest rate policy is unlikely to have an impact against the dollar. In this pair, which has risen due to the pullback in the Dollar Index, it is anticipated that today's Non-Farm Payroll (Previous: 151K Expected: 137K) data could increase volatility. In a recent statement, UK Trade Secretary Jonathan Reynolds expressed confidence that the new 10% customs duty imposed by the US on UK exports could be reduced. British officials are conducting talks with the White House to strengthen economic ties between the two countries, but it does not appear to be effective in the pricing of the pair.
Trump threatened Iran and the Houthis: Following his strong statements about them not having truly experienced pain, an increase in volatility was observed in Gold prices. Despite short-term corrections occurring due to ongoing geopolitical risks, buying continued during pullbacks. The Non-Farm Payroll and Unemployment figures to be announced today are expected to play a significant role in Gold pricing. From a technical perspective, it is deemed appropriate to evaluate positions based on support levels for intraday trading.
In the meeting held yesterday, 8 OPEC+ member countries (Saudi Arabia, Russia, Iraq, UAE, Kuwait, Kazakhstan, Algeria, Oman) approved an increase of 411,000 barrels of oil production per day in May. The increase has been expanded to cover a two-month period in addition to the May plan. Following the decision to reconvene on May 5 for the June production quota, selling pressure on oil prices continued. Based on these decisions, it is deemed appropriate to carry out transactions taking into account intraday resistance levels in price movements where increases are expected to remain limited.
It was observed that pricing continues within an upward trend; however, due to sales occurring in stock indices globally, downward pricing was also seen in the German Stock Index DAX. Both the end of the earnings season and war risks reflected globally as profit-taking/selling pressure on the indices. As long as the critical level of 21,313 is not broken, it can be anticipated that positive pricing will continue with the support of ECB's interest rate policy, but if sales continue in the NASDAQ Stock Index, it is expected that this will also be felt in the DAX.
The Nasdaq Index technically broke its upward trend, followed by sharp sell-offs. President Trump’s statements regarding trade wars caused selling in the index, while his threats related to Russia and Ukraine led to investors exiting the stock market. Due to the ongoing expectations for the Fed to shift to an interest rate cut policy, Trump's statements pose a significant threat to the Nasdaq Index, which could strengthen. Given the current context, Trump's remarks are more impactful, making it unlikely for the index to return to positive pricing in the near future.
As long as EURUSD stays above 0.9955 daily, we will watch major resistance levels at 1.0027 and 1.0127. On the downside, if the price breaks below 0.9955, the next support level will be at 0.9922. Support: 0.9955 - 0.9922 Resistance: 1.0027 - 1.0127
If the GBPUSD pair closes below 1.1554 on a four-hour basis, we can watch the price pull back to around 1.1502 in the first place. Above 1.1554, the nearest target will be the 1.1609 resistance. Support: 1.1554 – 1.1502 – 1.1372 Resistance: 1.1609 - 1.1837
USDJPY side 4H EMA and MA 200 indicators act as active support. As long as it stays above 145.56 we don't see any problem with the price. Supports: 145.56 – 144.80 – 143.10 Resistances: 147.07 – 147.67
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
As long as the GOLD price remains below 1667 on a four-hour basis, we will see the main support level at 1650. On the other hand, if the price breaks 1667, the next level will be 1684. Support: 1650 - 1638 Resistance: 1667 - 1684 - 1698
CRUDE OIL price is positive above 86.55 on a daily basis. made a displacement movement above 86.55. Its correction may last until the 87 dollar area. target above 86.55 will be around 91.90. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
Nasdaq experienced a strong sell-off from the EMA50 resistance on the daily charts. The index failed to close above the resistance. The price was pulled directly into the imbalance zone formed at the previous bottom. The market structure was disrupted again. Support: 11041 – 10980 - 10850 Resistance: 11150 – 11230 - 11355
There is a more determined rise on the DAX side compared to Nasdaq. The uptrend on the 4-hour charts has not been broken. It still continues on the EMA21 indicator. Supports: 13102 – 13041 -12900 Resistances: 13127 - 13371
On the Bitcoin side, a correction occurred up to the EMA21 level on the 4-hour charts. We can say that the trend will not be broken above this average. It passes exactly at the 202672 level. Supports: 20267 – 19855 - 19631 Resistances: 20408 - 20927
As long as EURUSD stays above 0.9955 daily, we will watch major resistance levels at 1.0027 and 1.0127. On the downside, if the price breaks below 0.9955, the next support level will be at 0.9922. We see positive above 0.9955. Support: 0.9955 - 0.9922 Resistance: 1.0027 - 1.0127
If the GBPUSD pair closes below 1.1502 on a four-hour basis, we can watch the price pull back to around 1.1372 in the first place. Above 1.1554, the nearest target will be the 1.1609 resistance. The next target could be 1.1837. Support: 1.1554 – 1.1502 – 1.1372 Resistance: 1.1609 - 1.1837
On the USDJPY side, the 4H EMA and MA 200 indicators act as active support. The parity, which has experienced a serious recovery from these supports, seems to target imbalances in the upper region. Supports: 145.56 – 144.80 – 143.10 Resistances: 148.67 – 150.77
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price should test 1650 above 1638 on a four-hour basis. The red horizontal levels on the chart are the levels where the price is likely to trust. The loss of 1638 level can target 1626 dollars. Support: 1638 - 1626 Resistance: 1650 – 1667 -1684
CRUDE OIL price is positive above 86.55 on a daily basis. It made a displacement movement above 86.55. The target above 86.55 will be around 91.90. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
Nasdaq has reached an effective resistance zone. The 11525-11535 zone is suppressing the price. If the positive atmosphere continues with the session, we can watch upward movements up to the 11670 zone. Support: 11355 – 11230 - 11150 Resistance: 11535 – 11670 - 11820
DAX was exposed to a sell-off just short of the 11370 target that we had previously shown as a target. The target was achieved with a 0.15% deviation. It is possible to observe the price hanging horizontally below the resistance for a while or easing towards the 13110 region. Supports: 13112 – 13041 -12900 Resistances: 13371
On the Bitcoin side, our horizontal levels are still actively working on the 4-hour charts. We will accept the 20400 level as support and monitor it. 20930 and 20550 will be our sequential resistances. Supports: 20400 - 19500 Resistances: 20930 - 21550
As long as EURUSD stays above 0.9878 daily, we will watch the major resistance levels at 0.9922 and 0.9955. On the downside, if the price breaks below 0.9878, the next support level will be at 0.9774. We see positive above 0.9955. Support: 0.9878 - 0.9774 Resistance: 0.9922 - 0.9955
If the GBPUSD pair closes below 1.1502 on a four-hour basis, we can watch the price pull back to around 1.1372 in the first place. If it is above 1.1554, the nearest target will be the 1.1609 resistance. The next target could be 1.1837. Support: 1.1502 – 1.1372 Resistance: 1.1554 - 1.1609 - 1.1837
The previously determined open imbalance on the USDJPY side was filled. The level was 148.67. Then a correction started. There is a possibility of relaxation to EMA21 levels. Supports: 148.35 – 147.96 – 147.47 Resistances: 148.67 – 149.47
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price should test 1650 above 1638 on a four-hour basis. The red horizontal levels on the chart are the levels that the price is likely to trust. Unless the 1638 level is regained, this will drag the price to 1626. Support: 1638 - 1626 Resistance: 1650 – 1667 -1684
CRUDE OIL price is positive above 86.55 on a daily basis. It made a displacement movement above 86.55. The target above 86.55 will be around 91.90. The reason for the violation may be the test given to MA200 in 4-Hours. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
The price had reached an effective resistance zone for Nasdaq. The 11525-11535 zone worked effectively. If this zone is exceeded, 11670 will be the nearest target. Support: 11355 – 11230 - 11150 Resistance: 11535 – 11670 - 11820
DAX is making a pretty tight recovery. Most of the targets on the chart have been achieved. After 13370, 13490 can be watched as the current target. It is the daily price gap limit. Supports: 13291 - 13215 - 13112 Resistances: 13371 - 13491
On the Bitcoin side, our horizontal levels are still actively working on the 4-hour charts. We will accept the 20400 level as support and monitor it. 20930 and 20550 will be our sequential resistances. Supports: 20400 - 19500 Resistances: 20930 - 21550
As long as EURUSD stays above 0.9878 daily, we will watch major resistance levels at 0.9922 and 0.9955. On the downside, if the price breaks below 0.9878, the next support level will be at 0.9774. Support: 0.9878 - 0.9774 Resistance: 0.9922 - 0.9955
If the GBPUSD pair closes below 1.1502 on a four-hour basis, we can watch the price pull back to around 1.1372 in the first place. If it is above 1.1554, the nearest target will be the 1.1609 resistance. The next target may be 1.1837. Support: 1.1554 – 1.1502 – 1.1372 Resistance: 1.1609 - 1.1837
USDJPY was exposed to selling after completing the imbalance target at 148.67. The pair, which also fell below the moving averages, may target the MA/EMA200 region again. Supports: 147.00 - 146.09 Resistances: 147.76 - 148.15
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price seems to have regained the 1650 level on a four-hour basis. Looking at the body and shadow form of the previous 4-hour candles, we can say that the horizontal levels in our chart are taken into account. Strong 4-hour closings above 1650 should lead to 1667. Support: 1650 - 1638 - 1626 Resistance: 1667 -1684
CRUDE OIL price is positive above 86.55 on a daily basis. It made a displacement movement above 86.55. Its target above 86.55 will be around 91.90. It is slowly moving towards its target. It may reach its target within the week. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
The price has reached an effective resistance zone for Nasdaq. The 11525-11535 zone broke the price momentum. We have mentioned that there is a significant resistance before. All the upside possibilities are not exhausted yet. Support: 11230 - 11150 Resistance: 11355 - 11535 - 11670 - 11820
DAX completed the 11370 target that we had shown as a target long before. It made a correction and regained the area. Current targets can be followed as 13490 and 13570 respectively. Supports: 13370 – 13112 - 13041 -12900 Resistances: 13490 - 13570
On the Bitcoin side, our horizontal levels are still active on the 4-hour charts. We will accept the 20400 level as support and monitor it. 20930 and 20550 will be our sequential resistances. Supports: 20400 - 19500 Resistances: 20930 - 21550
After the FED Interest rate decision, the parity first went up and then went down very hard. As long as EURUSD remains below 0.9878 daily, we will watch the main support levels at 0.9774 and 0.9621. Support: 0.9774 - 0.9621 Resistance: 0.9878 - 0.9922
GBPUSD pair 1.1372 important support on a four-hour basis. Seems to be working flawlessly for now. Support: 1.1554 – 1.1502 – 1.1372 Resistance: 1.1609 - 1.1837
USDJPY side 4H EMA and MA 200 indicators worked again as active support. It gave a test together with the Fed. Supports: 146.20 - 146.05 Resistances: 1487.37 - 147.72 - 148.67
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
If GOLD price cannot exceed 1638 on a four-hour basis, we will see a negative. Yesterday, immediately after the interest rate decision, it saw the 1667 target with abnormal movements and went to the destruction side. Support: 1626 Resistance: 1638 - 1650 – 1667
CRUDE OIL price is positive above 86.55 on a daily basis. It made a displacement movement above 86.55. The target above 86.55 will be around 91.90. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
Nasdaq unfortunately returned to the beginning of the road. It fell without support until the imbalance box in the lower region. If 10850 is lost, the situation will increase its gravity. Support: 110850 - Resistance: 10980 - 11040 - 11150
DAX also got its share of the Fed Decision. However, it should be noted that the DAX's situation is still much brighter than the Nasdaq index. DAX maintains its uptrend. It is currently trading above EMA50 on the 4H Chart. Supports: 13112 – 13041 -12900 Resistances: 13250 - 13371
Bitcoin reacted from EMA100 level on 4-hour charts. We will accept our support as $20085. The possibility of an increase is not completely exhausted, but the trend has weakened a little. Supports: 20085 - 19500 Resistances: 20410 - 20930 - 21550
It is important for EURUSD to stay above 0.9774. If it cannot hold on to this level, its next stop may be in the 0.9621 area. Support: 0.9774 - 0.9621 Resistance: 0.9863 - 0.9878
GBPUSD pair tested 1.1155 on a four-hour basis. This was a price opening that had not been previously mitigated. It was possible for the price to react upwards from here. Holding above 1.1227 can be perceived positively. Support: 1.1115 - Resistance: 1.1227 - 1.1370
USDJPY side saw recovery movements after the dollar index regained strength. It is difficult to indicate a clear direction for the parity, which is sitting on averages again in daily charts. Supports: 147.83 - 147.54 - 146.36 Resistances: 148.67 - 150.77
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price reacted after major value losses. With the liquidity sweeping movement at the local bottom at $1617, the price rose to around 1650 again. The macro-scale outlook has not yet turned positive. Support: 1638 - 1626 Resistance: 1650 – 1667 -1684
CRUDE OIL price is positive above 86.55 on a daily basis. It made a displacement movement above 86.55. The target above 86.55 will be around 91.90. Support: 86.55 - 82.01 - 76.41 Resistance: 91.93 - 96.92
BRENT OIL price has made a displacement movement above 91.93 on a daily basis. This may be the pioneer of the rising wave that will come later. Above 91.93, the 96.90 region can be monitored as a target on the Brent side. Support: 91.93 – 89.42 Resistance: 96.92 – 105.00
Nasdaq suffered a significant decline. Compared to Dax, it took a much bigger hit. 10650 seems like a relatively good demand area. Losing the area would drag the pair lower. It could ease if it can break above 10980. Support: 10650 - 10200 - 10050 Resistance: 10850 - 10980 - 11040
DAX held on at 13110 support. It showed a more solid stance compared to Nasdaq. It may still show an increase on the daily timeframe Supports: 13120 - 13112 – 13041 -12900 Resistances: 13371 - 13491
Bitcoin will be relieved if it can settle above 20400. If it enters this color again, it will be ready for upward movements. The EMA100 average worked as a decisive support for bitcoin in the last wave. Supports: 20400 - 19500 Resistances: 20930 - 21550
As long as EURUSD stays above 0.9955 daily, we will watch major resistance levels at 1.0027 and 1.0127. On the downside, if the price breaks below 0.9955, the next support level will be at 0.9922. We see positive above 0.9955. Support: 0.9955 - 0.9922 Resistance: 1.0027 - 1.0127
GBPUSD pair performed well at 1.1155 on a four-hour basis. The price cleared the liquidities on its second visit and accelerated upwards Support: 1.1227 - 1.1155 Resistance: 1.1372 - 1.1502 - 1.1554
USDJPY side 4H EMA and MA 200 indicators have turned the price decisively twice. Although we will monitor these levels as support, they may not hold again. Supports: 146.47 - 146.22 Resistances: 148.67 - 150.77
Turkish Lira continues its completely controlled artificial movements against the Dollar. It is deliberately being tried to be kept below 18.60. Technically, the parity direction is still upwards. Although the strengthening of the dollar index does not affect this artificial parity, it does not seem possible for the exchange rate to be kept at this level for a long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price should test 1684 above 1667 on a four-hour basis. The red horizontal levels on the chart are the levels where the price is likely to trust. Loss of 1667 level can target 1650 dollars. Support: 1667 - 1650 - 1638 Resistance: 1684 - 1698
CRUDE OIL successfully completed its uptrend target. If it can stay above 91.90 in the following process, 96.90 will be its new target. After closing above 91.90, this level will now work as support. Support: 86.55 - 82.01 - 76.41 Resistance 91.93 - 96.92
BRENT OIL price achieved its upside target. As it held above 96.92, its target was revised to $105. The nearest support is the previous upside target/resistance of $96.92. Support: 96.92 - 91.93 - 89.42 Resistance: 105.00
Nasdaq could not recover effectively. Although the decline has stopped, the reaction rise has almost not occurred. If it settles above the imbalance box seen on the chart, the index will relax a little. Support: 10650 Resistance: 10850 - 10980 - 11041
DAX has reached the 13490 target that we had previously shown as a target. The next closest target, 13567, has not yet been tested but could be seen in the near term this week. Supports: 13371 - 13112 - 13041 Resistances: 13491 - 13567
Bitcoin filled the unclosed imbalances within the range. Another obstacle to the rise has been removed. It can make 21500s from around 20800 as a short-term target. Supports: 20400 - 19500 Resistances: 20930 - 21550
EURUSD achieved the daily target of 1.0027 and was subject to selling around this level as expected. Horizontal support at the lower level is passing the level of 0.9955. Above 1.0027, EURUSD target will be 1.0127. Support: 0.9955 - 0.9922 Resistance: 1.0027 - 1.0127
GBPUSD pair achieved 1.1502 target on a four-hour basis. As a result of not being able to stay above the level, the price may pull back to a lower support level. 1.1372 seems to be a solid support. Support: 1.1372 Resistance: 1.1502 - 1.1609 - 1.1837
USDJPY side, 4H EMA and MA 200 indicators are acting as active support. The parity, which has experienced a serious recovery from these supports, seems to target imbalances in the upper region. Supports: 146.54 – 146.25 Resistances: 147.10 – 147.43
USDTRY experienced movement after a long period. A sudden drop occurred until the 18.40 support. If it cannot hold, the lower levels 18.20 and 18.00 regions will be monitored. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price has started to decline on a four-hour basis, 2 dollars away from the 1684 target. It seems like it will touch the 1667 level for the second time. This level also coincides with the 200-period averages. Support: 1667 – 1659 - 1638 Resistance: 1684 - 1698
CRUDE OIL achieved the 91.90 target. It will accelerate and move towards 96.90, but it could not hold. First, EMA21 in the 90.80 area should be seen. Support: 90.80 – 89.33 – 86.55 Resistance 91.93 – 96.92
BRENT OIL saw the target of 96.92. After settling above the level, it also made a confirmation move. 96.92 should be support again. EMA21 is also passing through this area. Support: 96.92 – 95.55 Resistance: 96.67 – 101.03
It was important for Nasdaq to close above 10980. This was not given a chance in 4-hours. The index price should be pulled to the 10909-10954 region in the first place. Support: 11355 – 11230 - 11150 Resistance: 11535 – 11670 - 11820
DAX achieved all our targets. The 13567 level has also been tested many times since yesterday. It seems that the price has become somewhat saturated. It will still remain strong above EMA8 on 4-Hours. Supports: 13506 – 13371 -13273 Resistances: 13567
Bitcoin came to support. A relentless sale occurred until the lower band of the range. It lost a lot in a very short time. Unfortunately, the market structure was disrupted again on the Bitcoin side. Supports: 19500 - 18600 Resistances: 20400 - 20930 - 21550
EURUSD has settled above 1.0027 daily again. This level should now be watched as support. As long as 4-Hour closes continue above 1.0027, 1.0127 will be the next target level. Support: 1.0027 – 0.9955 – 0.9922 Resistance: 1.0127
GBPUSD trading pair almost saw the target of 1.1609. The price fell just before touching the level. After the fall, it recognized the level of 1.1554 as a determined resistance. If it can close above this level, we can talk about the strength of the parity. Support: 1.1502 – 1.1372 Resistance: 1.1554 – 1.1609
USDJPY side 4H EMA and MA 200 indicators are now lost. There were closings below them. For this reason, we have moved away from the strong bullish discourse. Supports: 144.80 – 143.10 Resistances: 146.20 – 146.60
USDTRY experienced movement after a long period. A sudden drop occurred until the 18.40 support. If it cannot be held, the lower levels 18.20 and 18.00 regions will be monitored. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price accelerated sharply in parallel with the aggressive statements from China. The downward break of the dollar index fueled the ounce price upwards. Support: 1698 – 1684 - 1667 Resistance: 1711 – 1722 – 1736
CRUDE OIL We see a softening in price due to not being able to stay above 91.90. EMA in 4-hours has been pulled back to 100 level. Loss of 88.30 may drag the price back to around 86.55. Support: 88.30 – 86.55 Resistance: 89.37 – 91.93 – 96.92
BRENT OIL could not hold above 96.92 and there was a softening in its price. If it cannot hold around 94.50, the downward movement may continue until around 91.90. Support: 94.57 – 91.93 Resistance: 96.67 – 96.92
Nasdaq was able to settle above 11041. We will wait for the 11150 area for the next upside target. It successfully broke through the obstacles in a region full of resistances. Support: 11041 – 10980 - 10850 Resistance: 11150 – 11230 - 11355
DAX achieved all our targets. It is currently in a very important resistance area on the daily. However, there is no clear selling pressure yet. It can be said to be in an uncertain area for trading. Supports: 13613 – 13567 - 13491 Resistances: 13567
Following the clash between FTX and Binance, extraordinary price movements occurred. A terrifying level of volatility occurred. Stop-hunts were carried out on both sides. In the extreme decline, the lowest liquidity was cleared at 17600. We will look at the ability of the price to hold above 17950. Supports: 17950 - 17600 Resistances: 18600 - 19500
EURUSD has broken through the barriers. There is a historically unmitigated zone on the daily timeframe. Moreover, this zone also overlaps with the 200-day average. The blue-circled box should be the target, around 1.0368 Support: 1.0127 – 1.0027 Resistance: 1.0368
GBPUSD settled above the 1.1609 resistance. As long as it holds above this level, its target will be around 1.1837. Support: 1.1609 – 1.1554 Resistance: 1.1837 – 1.20149
USDJPY side 4H EMA and MA 200 indicators are now lost. There were closings below them. For this reason, we said that we have moved away from the strong bull discourse. Deep declines occurred afterwards. Supports: 141.44 - 139.59 Resistances: 143.09 - 144.80
USDTRY experienced movement after a long period. A sudden drop occurred until the 18.40 support. If it cannot hold, the lower levels 18.20 and 18.00 regions will be monitored. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price saw the target of 1759. The 200-day exponential average contact was achieved. If it stays above 1759, 1803 may be the next upside target. Support: 1759 – 1745 -1736 Resistance: 1803
CRUDE OIL decline and movements below 86.55 remained as violations. Above 86.55, the 91.90 region can be monitored as a target again. Support: 86.55 – 82.01 Resistance: 91.93 – 96.92
BRENT OIL reacted from the support level previously marked on our chart. It accelerated without closing below 91.93. It may target an upper resistance level of 96.92 again. Support: 91.93 – 89.42 Resistance: 96.67 – 96.92
Nasdaq settled above 11535. Its positive trend continues. 11822 will be its next target. Technology index will maintain its positive trend above 11535 Support: 11535 - 11355 Resistance: 11822 - 12079
DAX Targets achieved. 14243 equlibrium target completed. It will maintain its positive trend as long as it remains above EMA21 on 4-hour charts. Supports: 14074 - 13830 Resistances: 14352
The Bitcoin chart has been almost plundered. There are areas that have not yet been mitigated, which appear in the weekly charts. The closest of these is around 14000. It is possible that the price will continue to fall after reacting and visit these places first. Supports: 14000~ Resistances: 17600 – 17950 - 18600
EURUSD targeted the imbalance box marked with blue borders, which is a clear target on the daily charts. The middle levels of the box also coincide with the EMA200 average. Support: 1.0285 – 1.0184 - 1.0027 Resistance: 1.0368
GBPUSD trading pair was exposed to sell-off at 1.1837 resistance. However, it is still trading above EMA8 on 4-Hours. The uptrend is not over. Support: 1.1747 – 1.1643 Resistance: 1.1837 – 1.2014
USDJPY side 4H EMA and MA 200 indicators are now lost. There were closings below them. For this reason, we have moved away from the strong bullish discourse. Supports: 137.82 – 134.42 Resistances: 139.59 – 141.44
USDTRY experienced movement after a long period. A sudden drop occurred until the 18.40 support. If it cannot be held, the lower levels 18.20 and 18.00 regions will be monitored. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price continued its progress to the 200-day exponential average resistance. On the 4-hour charts, it is still continuing its rapid bull market wave above the EMA8 average. The 200-day simple average corresponds to around $1802-1803. Support: 1745 – 1736 - 1722 Resistance: 1802 -1803
CRUDE OIL As long as it passes through the 87.60 level and holds above EMA200, our expectation is that it will reach around 91.90. Support: 87.60 – 86.55 Resistance: 91.93 – 96.92
BRENT OIL After the 91.93 turn, it achieved the 96.92 target. This horizontal level seems to have worked flawlessly. If it can settle above 96.92, its next target will be 99.67. Support: 95.05 – 93.95 – 91.93 Resistance: 96.92 – 99.67 – 101.03
Nasdaq continues its positive trend. Its 100-day exponential moving average is passing through the 11897 level. It can accept this level as a preliminary target. Support: 11526 – 11276 Resistance: 11822 - 11897 - 12320
DAX maintains its positive trend. We can say that it has filled the imbalance box. As it continues to close above EMA8 in the 4-hour charts, we can think that the accelerated rise will continue. Supports: 14220 – 14016 - 13721 Resistances: 14355
Bitcoin, which has been hit hard by the crises experienced in stock markets, may target liquidity in the 15460 region. The market structure has been disrupted, it is trading in completely negative conditions. Supports: 15460 Resistances: 16400 – 16830 - 17600
EURUSD has targeted the imbalance box marked with blue borders, which is a clear target on the daily charts. Although it has been subject to selling at the lower border of the box, it is equally likely to fill the inner area completely. Support: 1.032 – 1.0249 – 1.012 Resistance: 1.0368 – 1.0415
GBPUSD trading pair was exposed to sell-off at 1.1837 resistance. However, it is still trading above EMA8 on 4-Hours. The uptrend is not over. Support: 1.1766 – 1.1700 Resistance: 1.1837 – 1.2014
USDJPY parity found support at one of the horizontal supports we have previously determined after the deep decline. We will consider the 139.60 level as important. As long as it holds above 140.22, it will continue positively, 141.45 can be tested Supports: 140.22 – 139.59 Resistances: 141.45 – 143.10
USDTRY experienced movement after a long period. A sudden drop occurred until the 18.40 support. If it cannot be held, the lower levels 18.20 and 18.00 regions will be monitored. Supports: 18.40-18.20-18.00-17.75 Resistances:18.58-18.90
GOLD price continued its progress to the 200-day exponential average resistance. It even closed the day above EMA200 more than once. The trend is still stable on the 4-hour charts. It may want to advance to the 1802-1803 levels. Support: 1768 – 1752 - 1745 Resistance: 1802 -1803
CRUDE OIL went below the 86.55 level. Since it could not stay strong above the support, we can watch a relaxation towards around $82 again in American type crude oil. Support: 82.01 Resistance: 86.55 - 91.93 - 96.92
BRENT OIL About to retreat to 91.93 support. It is necessary to monitor the stability above this level. If not broken, 96.9 region can be targeted again. If lost, 89.40 region will be the target. Support: 91.93 – 89.42 Resistance: 93.32 – 93.92 – 96.92
Nasdaq continues its positive trend. It tested the 11822 resistance twice. However, it is still moving above EMA8 in 4-Hours. The index should regain strength by settling above 11822 and target the 12079 level. Support: 11761 – 11592 - 11355 Resistance: 11822 - 12079
DAX maintains its strong trend. It also visited the upper limit of the imbalance box. There is an unfilled body-gap area in the logs. It corresponds to around 15000. It is also possible that they will continue to this area with a rapid acceleration. Supports: 14355 – 14244 Resistances: 14465 – 14610 – 15000~
Bitcoin started to form rising bottoms in the 4-hour time frame. The 17600-17950 region can be monitored as the first target. A 4-hour close below 16650 will disrupt this situation. Supports: 16650 - 15460 Resistances: 17600 – 17950 – 18600
EURUSD tested both EMA200 and MA200 resistances on daily charts. The area where these averages passed worked as a clear resistance. As long as it cannot break above 1.04236, declines may be seen in the parity. Support: 1.0356 – 1.0303 – 1.01796 Resistance: 1.0368 – 1.0415 – 1.04236
GBPUSD The level 1.20149, which was previously stated as an upward target, was also realized. The level worked as a decisive resistance and pushed the price down rapidly. The parity will maintain its positive trend above 1.1837. Support: 1.1837 - 1.1774 – 1.1651 Resistance: 1.2014
USDJPY pair made a deep shake-up yesterday. In the same 4-hour candle, the price visited the 137.82 support and quickly turned from there. Supports: 139.59 Resistances: 140.52 – 141.44
USDTRY pair has been moving in a horizontal band for a long time. It is not allowed to go down or up. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD price continued its progress to the 200-day exponential average resistance. It even closed the day above EMA200 more than once. The trend is still stable on the 4-hour charts. It may want to advance to the 1802-1803 levels. Support: 1768 – 1752 - 1745 Resistance: 1802 -1803
CRUDE OIL made a sudden recovery after being in the negative zone yesterday. It is difficult to determine a clear direction as it is still trading in the negative area below the daily averages. Support: 84.70 - 82.01 Resistance: 86.55 - 91.93 - 96.92
BRENT OIL received an accelerated reaction from the 91.93 support. However, it could not hold above the 4-hour averages and the price weakened again. The same level, 91.93, can be watched as support again. Support: 91.93 – 89.42 Resistance: 93.32 – 93.92 – 96.92
Nasdaq maintains its positive status. Last night, the Polish news that hit the sources caused a small fluctuation in the markets, but the market did not seriously care about this news. We will look at the index positively above 11822. Support: 11822 – 11700 - 11535 Resistance: 12079 - 12424
DAX maintains its strong trend. It also visited the upper limit of the imbalance box. There is an unfilled body-gap area in the logs. It corresponds to around 15000. It is also possible that they will continue to this area with a rapid acceleration Supports: 14200 – 13928 Resistances: 14355 – 15000~
EURUSD tested both EMA200 and MA200 resistances on daily charts. The area where these averages passed worked as a clear resistance. As long as it cannot break above 1.04236, declines may be seen in the parity. Support: 1.0342 – 1.0225 – 1.0127 Resistance: 1.0368 – 1.0415 – 1.04236
GBPUSD side previously stated as an upward target level 1.20149 target was also realized. The level worked as a determined resistance and pushed the price down rapidly. The parity will maintain its positive trend above 1.1837. Support: 1.1837 - 1.1705 - 1.1609 Resistance: 1.1922 - 1.2014
USDJPY The 139.60 level is working as resistance. If 4-hour closings are made above this level, we can assume that the parity will tend to move to $141.40. Supports: 137.82 Resistances: 139.59 – 140.05 – 141.44
EURUSD tested both EMA200 and MA200 resistances on daily charts. The area where these averages pass worked as a clear resistance. It was said that unless it could not pass above 1.04236, declines could be seen in the parity and this correction is happening. Support: 1.0277 – 1.0127 Resistance: 1.0368 – 1.0415
GBPUSD is about to break the EMA21 average, which is an important trend support in the 4-hour period. Closing below 1.1837 should pull the parity to the 1.1763 region in the first place. Support: 1.1763 – 1.1640 – 1.1609 Resistance: 1.20149 – 1.2159
USDJPY The 139.60 resistance level has been broken and is now acting as support. As long as it remains above this level, we can expect the pair to move towards the 141.45 area. Supports: 139.59 - 137.82 Resistances: 140.05 - 141.44
USDTRY pair has been moving in a horizontal band for a long time. It is not allowed to go down or up. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD The market confirmed the breakout by breaking the 1753.2 level. Gold will weaken below 1745. Support: 1745 – 1736 - 1722 Resistance: 1753 - 1758
CRUDE OIL will maintain its negative trend as long as it remains below $ 82. 76.41 is monitored on the chart as the lower support level. It may want to touch the 80.90 region to repair the imbalances left in the upper region. Support: 76.41 - Resistance: 80.90 - 82.01 - 84.70
BRENT OIL shows a negative outlook below the 89.40 level. It may want to test the midpoint of the imbalance in the 88.66 region. Around 84.20 seems to be support. Support: 84.23 Resistance: 88.66 – 89.42 – 91.93
Nasdaq lost the 11822 level and fell to the 11525-11535 area that we specified as the downward target. In the 4-hour charts, the EMA50 average stands out as the defender of the uptrend. Its current value is 11581. Support: 11581 – 11525 - 11428 Resistance: 11688 - 11822
DAX It was important for it to break above 14355. It shows a price movement similar to the confirmation movement above the box. We will see if it will advance to our approximate target of 15000. Loss of 14150 will disrupt the structure. Supports: 14355 – 14243 - 14150 Resistances: 15000~
EURUSD parity realized the 1.065 level that we are monitoring as a target. The areas where the candle shadows are formed show that the level is respected. After the Fed decision, the parity could not settle on the box. It is not easy to predict which way the price will move right now. Support: 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD returned from the center of the imbalance box marked with orange borders. After the Fed decision, it tested the 1.2445 target again. It is currently trading in a very unclear area. It is difficult to predict the direction of movement. Support: 1.2340 - 1.2306 - 1.2159 Resistance: 1.24450
USDJPY chart imbalances are working quite well. In the previous decline, the thin blue box worked flawlessly, and in this decline, the thick blue box worked flawlessly. The center of imbalance is passing through the 136.65 level. This level can be tested Supports: 134.85 Resistances: 136.65 - 137.30 - 138.50
GOLD was subject to deep sales after the Fed Decision. While on the verge of forming a strong structure, the setup was disrupted again. The correction seems to continue for a while. 1788 - 1776 can be monitored as sequential horizontal supports. Support: 1788 -1776 Resistance: 1840 - 1920
WTI CRUDE OIL is trying to hold above 76.40. As long as it holds above this level, we can look at it positively. Around 79.50-80.00 may be an uptrend target. EMA200 resistance is an effective obstacle in 4-hours. Support: 76.41 - 72.49 - Resistance: 77.05 - 79.50 - 82
BRENT OIL is still trading on the positive side. It was stuck at the EMA100 barrier in 4-hours. If it can be overcome, there is a horizontal resistance of 84.20 just above it. There is an imbalance center at 85.37, it is possible to be tested. Support: 78.85 Resistance: 81.20 - 84.20
After the FED, the indices gave back their gains. The 11822 support was broken again. The 11620 and 11550 levels can be followed as support. 11822 acts as resistance. Support: 11623 - 11550 Resistance: 11822 - 12079
DAX has gathered strength from the box. It is stepping back into positive territory. As long as it stays above 14355, the main target will be around 15000. Supports: 14355 - 14243 - 14130 Resistances: 14355 - 14515 - 15000~
Bitcoin Our target of 18200 was achieved. The market can be said to be indecisive at the moment. However, it stands strong above EMA21 in 4-Hours. They have worked this average in the past periods. Positive above 17550. Supports: 17550 – 17320 Resistances: 18200
EURUSD found a reaction from an imbalance box formed during the sharp rise in the 4-hour charts. It created a sharp rise wave. Its next target may be 1.0488. Support: 1.0415 – 1.0368 - 1.03 – 1.024 Resistance: 1.0488
GBPUSD continued its rise above the averages on the 4-Hour charts and touched the target of 1.20149. As long as it stays above 1.20149, its next target should be 1.21590. Support: 1.20149 – 1.1936 – 1.179 Resistance: 1.2159
EURUSD parity realized the 1.065 level that we are monitoring as a target. The areas where the candle shadows are formed show that the level is respected. After the Fed decision, the parity could not settle on the box. The box creates serious resistance. Support: 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
USDJPY parity 141.45 target was achieved. The level was working as an important resistance. It could not be exceeded and the expected decline occurred. Supports: 137.82 - Resistances: 139.59 – 140.51 – 141.45
GBPUSD returned from the center of the imbalance box marked with orange borders. After the Fed decision, it tested the 1.2445 target again. It was subject to heavy selling from this important supply area and retreated to the 1.2159 support. It may retreat again after the upward reaction. Support: 1.2159 Resistance: 12306 - 1.24450
USDTRY parity has been moving in a horizontal band for a long time. It is not allowed to go down or up. After the minimum wage increase, the exchange rate may fluctuate. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
USDJPY chart has active price imbalance areas. The borders of the latest added blue thick box are no coincidence. Above 137.30, 138.50 will be the target. Supports: 137.30 – 136.65 Resistances: 138.50 – 139.38
GOLD Touched the EMA100 average on the 4-hour charts and came back up. It did not close below 1736. Then it gained momentum. It moved back into the positive zone. Support: 1736 – 1725 - 1722 Resistance: 1745- 1753 - 1758
GOLD was exposed to deep sales after the Fed Decision. While on the verge of creating a strong structure, the setup was broken again. It seems that 1776 worked as the target of the decrease in the correction. Holding on to the level is important. At the same time, EMA100 in 4-Hours passes through here. Support: 1776 – 1767 - 1753 Resistance: 1840 - 1920
CRUDE OIL If it could rise above $82, we would not expect such a decline. It fell sharply after being rejected many times. The $76.40 region can be monitored as the demand region for American Type crude oil. Support: 76.41 - Resistance: 82.01 – 84.70 – 86.55
WTI CRUDE OIL could not hold above 76.40. However, the EMA21 average, which defends the trend in 4-hours, is still active. 75.80 – As long as 75.50 is not broken, the price may accelerate upwards. Support: 75.88 – 75.54 - 72.49 - Resistance: 76.41 – 79.66
BRENT OIL could not settle above the 89.40 resistance, after selling from the resistance many times, it quickly retreated to the lower support 84.20 area. 4-hour closings below 84.20 will trigger the continuation of the decline. Support: 84.23 Resistance: 89.42 – 91.93
BRENT OIL retreated to EMA21 support in 4-Hour periods. The reactions of the price in previous periods are proof that this level is important. If 80.80 is broken, the decline may continue. Support: 80.80 – 76.90 Resistance: 82.60 - 84.20
Nasdaq also broke through the 11822 resistance yesterday. It started closing above it. The next uptrend target seems to be 12079. The indexes seem to have some way to go, positive. Support: 11822 -11724 - 11535 Resistance: 12079
Nasdaq was subject to serious selling and the market structure was plundered. If serious buying does not come today, the daily outlook will also be bad. It is necessary to be cautious. 11230 - 11125 may be downward targets. Support: 11230 - 11125 Resistance: 11355 - 11525
DAX is still showing a solid appearance. It has formed a more stable trend compared to Nasdaq. If EMA21 is broken on the 4-hour charts, we can start to think that the trend is destroyed. There is no such situation for now. Positive. Supports: 14452 - 14355 – 14243 - 14150 Resistances: 15000~
DAX is broken. It has lost its upward momentum as it closed the day above EMA21. 13880 and 13750 appear to be the near average supports. Supports: 13880 – 13750 - Resistances: 14130 – 14243 - 14355
Bitcoin broke the 16170 resistance in 4-hours with acceleration. As long as it stays above 16200-16250, we can see movements up to the 17200-17600 region. Supports: 16200 - 15800 Resistances: 17200 - 17600 - 17950
On the Bitcoin side, our 18200 target was achieved and then pulled back to the EMA200 support we mentioned earlier. The price seems to be holding here for now. Supports: 17330 – 16500 - 16170 Resistances: 17500 - 18200
EURUSD continues its positive progress. In the 4-hour charts, the EMA8 average works as support. As long as the closings come above this average, the price will remain accelerating. Support: 1.04032 – 1.0368 - 1.024 Resistance: 1.0488
GBPUSD has started to decline just before the 1.2159 level we had previously targeted. If it makes a 4-hour close below 1.2084, it may pull back towards the 1.20149 area. Support: 1.2084 - 1.20149 – 1.1936 – 1.179 Resistance: 1.2159
USDJPY parity is facing 137.82 as support. As long as this level is not lost, it will continue to try to test the 139.59 level again. Supports: 137.82 - Resistances: 139.59 – 140.51 – 141.45
USDTRY is very interesting. It acts as if a fixed exchange rate regime has been adopted. There is no sustainable movement, neither up nor down. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD is back in positive territory. The imbalance in the 1760 area has been tested. Next is the untested imbalance in the 1772 dollar area. We should see a solid trend above 1753. Support: 1753.2 – 1745 - 1736 Resistance: 1760 - 1772
CRUDE OIL If it could rise above $82, we would not expect such a decline. It fell sharply after being rejected many times. The $76.40 region can be monitored as the demand region for American Type crude oil. Support: 76.41 - Resistance: 82.01 – 84.70 – 86.55
BRENT OIL could not settle above the 89.40 resistance, after selling from the resistance many times, it quickly retreated to the lower support 84.20 area. 4-hour closings below 84.20 will trigger the continuation of the decline. Support: 84.23 Resistance: 89.42 – 91.93
Nasdaq has also broken through the 11822 resistance. As long as it stays above this horizontal level, we can assume that the price will remain solid and maintain its momentum. Its next target will be 12079. Support: 11822 -11786 - 11688 Resistance: 12079
DAX is still showing a solid appearance. It has formed a more stable trend compared to Nasdaq. If EMA21 is broken on the 4-hour charts, we can start to think that the trend is destroyed. There is no such situation for now. Positive. Supports: 14518 - 14470 – 14355 - 14243 Resistances: 15000~
Bitcoin is breaking the EMA21 indicator on 4-Hours. This is a negative indicator. Unfortunately, it did not give the expected after the confirmation move. Supports: 16170 - 15800 Resistances: 16540 - 17063
EURUSD pair lost the EMA21 level in 4-Hour. EMA50 is shown in red on the chart. If 1.0333 is lost, we can see a relaxation in the pair down to the lower blue box. Support: 1.0333 – 1.0245 - 1.024 Resistance: 1.0368 – 1.0415
GBPUSD fell to the EMA21 dynamic support level on the 4-hour charts. The pair seems to have recognized this level. Closing below 1.2037 will weaken the pair. Support: 1.2037 – 1.20149 – 1.1944 – 1.1837 Resistance: 1.2159
USDJPY pair is working tremendously at intermediate levels. The reaction movement could not go above 139.60. It was stopped perfectly at the horizontal level. Support can be watched again as 137.82. Supports: 137.82 - Resistances: 139.59 – 140.51 – 141.45
USDTRY is very interesting. It acts as if a fixed exchange rate regime has been adopted. There is no sustainable movement, neither up nor down. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD Although it has lost the EMA21 average in the 4-hour view, it is still moving in positive territory. It is trading above EMA50. The 200-day simple average target has not been seen yet. A move to 1798 is possible. Support: 1745 - 1736 Resistance: 1760 - 1772
CRUDE OIL lost support at 76.40. The 200 average in the upper timeframes is passing through 72.49. The price is likely to pull back here. Support: 72.49 Resistance: 76.41 – 79.85 – 82.01
BRENT OIL clearly broke the 84.20 support. After the accelerated breakout, we expect the decline to continue. The price may decline towards the 76.80 region. Support: 76.84 - Resistance: 84.23 - 89.42 – 91.93
Nasdaq broke the 11822 support. Afterwards, gold closed at the EMA21 average, confirming the correction. The 11525-11535 support zone is likely to come. Support: 11525-11535 Resistance: 11727 - 11822
DAX broke the EMA21 dynamic support. A closing below was also realized. A correction wave may begin. 14355 area is support. Supports: 14378 - 14355 Resistances: 15000~
Bitcoin is in an accelerated decline. It is taking a breather at our 16170 support. If the price cannot be balanced, it may also visit the 15800 and 15460 regions. It did not turn positive in macro terms. Supports: 16170 - 15800 - 15460 Resistances: 16450 - 16887
EURUSD parity broke the market in 4-hours. It created an imbalance within the accelerated bearish candle.1.0406 imbalance center and sales may deepen from this region. Support: 1.0344–1.0245 - 1.024 Resistance: 1.0406 – 1.0438
GBPUSD made a market breakout on the 4-hour charts. Price imbalances also occurred within the accelerated bearish candle. Sales may come at the midpoint of this price imbalance. Support: 1.1956 – 1.1837 – 1.19 Resistance: 1.20336 – 1.2058
USDJPY pair continues to work at intermediate levels. Although there were some violations yesterday, 137.82 support brought serious buyers. Supports: 137.82 - Resistances: 139.59 – 140.51 – 141.45
USDTRY is very interesting. It acts as if a fixed exchange rate regime has been adopted. There is no sustainable movement, neither up nor down. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD is still trading above averages on the 4-hour chart. It is important for us to stay above $1736. EMA100 and horizontal level will meet in this region and confirm each other. Support: 1745 - 1736 Resistance: 1760 - 1772
CRUDE OIL made a comeback before reaching 72.50. However, the fragile structure in the upper timeframes has not changed. If the imbalance is completely closed with the 80.70 test, it may then be exposed to a deep decline again. Support: 72.49 Resistance: 76.41 - 79.85 - 80.70 - 82.01
BRENT OIL If it tests the 88.10 level, the imbalance marked on the chart will be completely closed. There is also a possibility that the price will continue to fall after visiting here. The negative trend in the macro view continues. Support: 84.23 – 76.84 Resistance: 86.91 – 88.10
Nasdaq broke the 11822 support. Afterwards, gold closed at the EMA21 average, confirming the correction. The 11525-11535 support zone is likely to come. Support: 11525-11535 Resistance: 11727 - 11822
DAX broke the EMA21 dynamic support. It retreated to the upper limit of our lower box. It reacted from the 14355 region. If 14355 is maintained, the price is likely to turn upwards again in the short term. Supports: 14355 - 14243 Resistances: 14515 - 15000~
Bitcoin is holding firm above 16170. It seems to have worked this intermediate level. It is likely to test around 16800 in the short term. This matches the EMA100 resistance on the 4H charts. Supports: 16170 - 15800 - 15460 Resistances: 16600 - 16800
EURUSD parity made a market breakout in 4-hours. It created an imbalance within the accelerated bearish candle. 1.0406 imbalance center and sales may deepen from this region. Support: 1.0329– 1.0245 - 1.024 Resistance: 1.0406 – 1.0438
GBPUSD made a market breakout on the 4-hour charts. Price imbalances also occurred within the accelerated bearish candle. Sales may come at the midpoint of this price imbalance. Support: 1.1961 – 1.1837 – 1.19 Resistance: 1.20336 – 1.2058
USDJPY pair continues to work at intermediate levels. Although there were some violations yesterday, 137.82 support brought serious buyers. There may be a chance for recovery as long as it stays above 137.82. Supports: 137.82 - Resistances: 139.59 – 140.51 – 141.45
USDTRY is very interesting. It acts as if a fixed exchange rate regime has been adopted. There is no sustainable movement, neither up nor down. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD is still trading above averages on the 4-Hour chart. Although there were violations, ounce gold rose above averages on the 4-Hour charts again. A closing below 174 may disrupt the situation. Support: 1745 - 1736 Resistance: 1760 - 1772
CRUDE OIL 79.85 or even 80.75 test may come. The closest imbalance with these levels will be completely completed. It is consolidating in 4-hours. We can see this upward acceleration movement today. Support: 77.94 – 76.41 Resistance: 76.41 – 79.85 – 80.70 - 82.01
BRENT OIL may first test 86.90 and then 88.10. One of these levels is the imbalance center and the other is the upper limit. As long as it remains above 84.23, we can maintain this upward movement expectation. Support: 84.23 – 76.84 Resistance: 86.91 – 88.10
Nasdaq is slipping into negative territory. If it cannot settle above 11535, it can be expected to ease towards 11355. 4 On hourly charts, EMA200 average support will be lost. Support: 11355 - 11230 Resistance: 11535 - 11727 - 11822
DAX reacted from the upper limit of the box. It is trading in the positive zone again. Upward expectations will continue as long as the 14355 level is not broken down. Supports: 14355 - 14243 Resistances: 14515 - 15000
Bitcoin is holding firm above 16170. The blue EMA100 bullish target has also arrived. As long as it remains above 16500, the rise can be expected to continue until around 17500. Supports: 16500 - 16170 - 15800 - 15460 Resistances: 17500
EURUSD parity reached the indicated price imbalance area, filling the box completely. If it can stay above 1.0439, it can target above 1.0488, where its old local peak was formed. Support: 1.0439 – 1.0406 - 1.0381 Resistance: 1.0488
GBPUSD misled by making a liquidity cleaning move on the 4-hour chart. The parity has moved into the positive zone again. 1.2160 will be monitored as a target. Support: 1.20336 – 1.19807 Resistance: 1.2160
The daily trend of the USDJPY pair was broken. Especially the deep fall on November 10 had definitely destroyed this trend. It will probably retreat to the 200-day average support around 134.40-135.02. Supports: 134.40 - 13502 Resistances: 137.82 - 139.59
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD would remain positive as long as it did not break the 1745 level. And indeed it did. Next is the $1796 area where the 200-day simple average passes. The price will want to test here. Support: 1745 - 1736 Resistance: 1796
WTI CRUDE OIL has reached the price imbalance zone we mentioned before and filled it to its upper limit. As long as the price remains above $79, it can target the 82 and 84 zones. A break of 79 will disrupt the positive trend. Support: 79 – 76.41 Resistance: 81.40 - 82.01
BRENT OIL tested the midpoint of the price imbalance box. The reaction bullish target we gave yesterday was realized. As long as the price stays above 85.50, the positive outlook will prevail on the 4-Hour charts. 88.10 can be targeted. Support: 84.23 – 76.84 Resistance: 88.10
We can say that Nasdaq misled investors by making minor violations. It pretended to fall below 11500 but gave up on closings, recovered rapidly and moved into positive territory. Support: 11822 - Resistance: 12079 - 12424
DAX reacted from the upper limit of the box. It is trading in the positive zone again. As long as the 14355 level is not broken down, upward expectations will continue. Supports: 14355 - 14243 Resistances: 14515 - 15000~
Bitcoin is holding firm above 16170. The blue EMA100 bullish target has also arrived. As long as it remains above 16500, the rise can be expected to continue until around 17500. Supports: 16700 - 16500 - 16170 Resistances: 17500 - 18000
EURUSD parity is progressing quite strongly. The next increase target above 1.0488 can be monitored as 1.065. In the past months, there has been open liquidity in this region. Support: 1.0488 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD also achieved the 1.2306 target. A slight pullback is normal after the contact. The next target can be monitored as 1.24450. The price will want to clear the open liquidity here. Support: 1.2159 – 1.20149 Resistance: 1.2306 – 1.24450
USDJPY entered the region we previously indicated. It touched the 200-day exponential average. It is also possible that it will touch the 200-day simple average. We will monitor the parity to hold around 134.50-135. Supports: 134.40 - 135.02 Resistances: 137.82 - 139.59
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 **** Resistances****: 18.58-18.90
GOLD also achieved its 200-day simple average target. This target, which we have been indicating for a while, was achieved by seeing $1796. The course of gold will continue to remain positive above 1796. Support: 1796 – 1771 - 1745 - 1736 Resistance: 1807 -
WTI CRUDE OIL side came to intermediate targets, 82 dollars test was also provided. It was exposed to selling just before the EMA200 resistance in 4-hour charts. It will maintain its trend above 80$. Support: 80.15 – 76.41 Resistance: 82.01 – 83.42
EURUSD pair is about to break its 21-period exponential average on the 4-hour price chart. In case of loss of this average, the price will inevitably pull back to the 1.044 area. Support: 1.044 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD could not stay above the 1.2306 resistance. The EMA21 average, which is considered a trend supporter in the 4-hour view, also broke down. If the close support 1.2159 is broken, the downward target may be 1.20149. Support: 1.2159 – 1.20149 Resistance: 1.23050 - 1.24450
USDJPY encountered an accelerating buyer effect in the region we previously indicated. The 137.80 band will be a significant resistance for the price in the first stage. Supports: 135.98 - 133.60 Resistances: 135.00 - 137.80
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD could not settle above its 200-day simple average in a single session. This was actually a predictable situation. Such averages are important obstacles. If it cannot climb above 1771, the continuation of the decline may be triggered. 1753 may come to the agenda. Support: 1753 – 1745 - 1736 Resistance: 1771 – 1780 - 1796
WTI CRUDE OIL could not stay above $82. It could not hold around 80.15 either. The price eased towards 76.40 again. It should be followed according to the price behavior at the 76.40 level. Support: 76.41 Resistance: 80.15 – 82.01 -
BRENT OIL negative as long as it remains below 84.20. This region has provided the price with strength and upward acceleration many times in the past. A long time below 84.20 will trigger an upward trend. Support: 76.84 Resistance: 84.23 – 86.40 - 90.11 – 91.35
Nasdaq broke the averages down. It could not hold on to horizontal levels. It will not recover unless it passes over 11822. It can be expected to retreat to around 11702 and 11595 respectively. Support: 11702 - 11595 Resistance: 11822 - 12079
The box marked with blue borders is important for DAX. We will see positive as long as it stays above the box. 14355 can be monitored as the nearest major support level. Supports: 14355 - 14243 Resistances: 14515 - 15000~
EURUSD parity realized the downward movement we expected. At the level of 1.044, there is both 4-Hour EMA50 and it stands out as a horizontal major level. Support: 1.044 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD broke the 1.2159 support. We cannot talk about recovery without settling above this level. A decline to around 1.2033 may occur, with the 4-Hour EMA50 also being broken. Support: 1.20149 – 1.1837 Resistance: 1.2159 – 1.2306
USDJPY encountered an accelerated buyer effect in the region we previously indicated. A serious buyer block has started to move. The price may rise to the imbalance center around 140.30. Supports: 135.98 - 133.60 Resistances: 137.80 - 139.60
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD is stuck in a narrow area between 1767-1776. If it loses support at 1767, the target will be around 1753-1757. Support: 1757- 1753 – 1745 Resistance: 1776 - 1789
WTI CRUDE OIL will remain negative as long as it is traded below 76.40. However, during the sharp decline, there were liquidities left open in the upper region. 75.20 and 79.75 areas may be tested. Support: 72.49 - Resistance: 76.41 - 80.15 – 82.01
BRENT OIL is negative as long as it remains below 84.20. This area has provided the price with strength and upward acceleration many times in the past. The 76.80 area is considered an important support. This is the main support area in weekly. Support: 76.84 Resistance: 84.23 – 86.40 - 90.11 – 91.35
Nasdaq has retreated to the main support area around 11525-11535 after breaking the averages. For now, a holding effort is observed. If 11485 is lost, the decline is expected to continue. Support: 11485 - 11355 Resistance: 11598 - 11710
The box marked with blue borders is important for DAX. The 14243 level, which was indicated on the chart a long time ago, was the center of the box. And the reaction shows that this is a level that has worked flawlessly. If 14243 is lost, we will be cautious, our perspective will change. Supports: 14243 - 14130 Resistances: 14355 - 14515 - 15000~
EURUSD parity encountered strong purchases at the EMA50 level we pointed out yesterday. 1.0489 is an important level for the parity, which was thrown up again with an accelerating candle. If the box is not lost, 1.065 will be the target again. Support: 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 4-Hour charts have turned back from the EMA50 average level. It was able to climb above the 1.2159 support again. The state of being sustained above the level will target the 1.2306 region again. Support: 1.2159 - 1.20149 – 1.1837 Resistance: 1.2306
USDJPY came to its 8-day average, touched it. There was selling pressure yesterday, but today the parity reached the same level again. There is still the potential to go up a little more. It can also test the 140.30 imbalance zone. Supports: 135.98 - 133.60 Resistances: 137.10 - 139.60
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD broke the narrow area between 1767-1776 upwards. tested the imbalance center at 1788.6 and now entered the correction phase. Since the market structure has been broken, it may be risky to expect a direct increase from here. Support: 1779- 1771 – 1767 Resistance: 1789 -
WTI CRUDE OIL has retreated to a very important area. The 200-period average is passing through the 72.50 area in the weekly time frame. We had previously stated that it would retreat to this level. Although there are violations in this area, a well-timed buy entry can provide serious profits. Support: 72.49 - Resistance: 76.41 - 80.15 – 82.01
BRENT OIL is in a very important region. It has retreated to its 200-week average. A buy transaction in the lower timeframes in this region can bring serious profits. Support: 76.84 Resistance: 84.23 – 86.40 - 90.11 – 91.35
Nasdaq has retreated to the main support area around 11525-11535 after breaking the averages. For now, a holding effort is observed. If 11485 is lost, the decline is expected to continue. It seems likely that it will fall to around 11355. Support: 11485 - 11355 Resistance: 11598 - 11710
DAX is also unfortunately losing momentum. 14243 imbalance center was also tested. The price is having difficulty holding on. 15000 expectation can be suspended at this stage. Be cautious, around 13950 may come. Supports: 14243 – 14130 - 13950 Resistances: 14355 - 14515 - 15000~
Bitcoin is being suppressed by the averages gathered above 16900. The market structure is likely to experience a new downward wave. The price not being able to rise above 16900 is a risk. It may bring lower levels again. Supports: 16500 – 16170 Resistances: 16900 - 17200
USDTRY pair has been moving in a horizontal band for a long time. It is not allowed to go down or up. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GOLD EMA21 on the 4-Hour charts has lost its trend support. If it cannot quickly recover above it, it may start a correction movement towards the 1736-1745 area. Support: 1745 - 1736 Resistance: 1772 - 1802
CRUDE OIL seems to make a 4-hour close below the 84.70 support. This move is a negative sign for us. It may trigger a downward movement towards the $82 region. Support: 84.70 - 82.01 Resistance: 86.55 - 91.93 - 96.92
BRENT OIL is about to break the 91.93 support, which has been tested very often lately. The 4-Hour close below may be a leading signal for a downward movement towards the 89.40 region. Support: 89.42 Resistance: 91.93 - 93.32 – 93.92 – 96.92
Bitcoin tested 1650. Price momentum seems to have slowed down. If it cannot hold, 16170 can be monitored as a lower support level. 16930 stands out as a serious resistance zone. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair managed to settle above the 1.065 box in the 4-hour period. A possible test target of 1.0818 can be monitored in the upper region. This can be considered valid as long as 1.0642 is not broken down. Support: 1.065 – 1.0642 – 1.0489 Resistance: 1.0818
1.2159 was an important level for GBPUSD. After breaking, the price retreated to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 supports pass through here. As long as 1.20149 is not broken, recovery movements can be observed in the price. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
USDTRY closed the last trading day of the year with a sudden sale. The exchange rate, which retreated more than 10 cents, ended the day with the lowest level it has ever seen. However, it is still above the supports. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold achieved $1840 target. Gained serious momentum. It is moving above averages. Averages can be used while following the trend. As long as it is above 4H EMA21, its momentum will remain strong. Current EMA21 value may slow down around $1818. 1956 Support: 1818 – 1809 - 1800 Resistance: 1856 - 1920
WTI CRUDE OIL 4-Hour led an accelerated movement. In the short term, the $82 target is likely to be tested. If it can close above 82, the 86.50 region will be the next step target. Support: 79.00 – 76.41 Resistance: 82.00 – 86.55
BRENT OIL closed the year with a sharp rise. It seems to fill the imbalance in the 87$ region in the nearest term. The upper step target and resistance can be followed around 89.40. Support: 84.20 – 83.07 Resistance: 87.00 – 89.40
Nasdaq took liquidity at 11020 based on the index moving above 10850 without making a new low. There are still open areas, the 11125-11230 area can be tested in the continuation of the reaction process. Support: 10850 - 10650 – 10180 Resistance: 11020 – 11230
DAX wants to test by visiting the 14243 area. It is possible that the open imbalances in this area will be filled. Supports: 13840 - 13693 Resistances: 14060 - 14243 - 14355
EURUSD parity gave a market breakout in 4-hours. The bullish momentum is exhausted. The price may react to close the imbalance around 1.062. Then it may exhibit downward movements again. Support: 1.0489 – 1.0406 Resistance: 1.062 – 1.065
GBPUSD repaired the price imbalance gaps formed during the decline. Market breakout occurred. The possible direction seems to be down. 1.1837 can be monitored as the support level. Support: 1.1837 Resistance: 1.20149 - 1.2159 - 12306 - 1.24450
USDJPY parity reacted from the limit of the imbalance box determined in the daily time frame. However, the trend still maintains its negative trend in the macro view. Supports: 129.20 – 128.20 Resistances: 133.60 - 135.17 – 135.74
USDTRY closed the last trading day of the year with a sudden sale. The rate, which retreated more than 10 cents, ended the day with the lowest level it has ever seen. However, it is still above the supports. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold image is strong. It may slow down due to the extension of the rising peak at $1860. However, the trend is up, the momentum is good. $1920 can be monitored in the short-medium term. Support: 1839 – 1828 - 1800 Resistance: 1860 - 1920
WTI CRUDE OIL turned down just short of the $82 target and retreated to the 76.40 demand zone again. If it cannot hold above, it is likely to retreat to around 72.49. Support: 76.41 – 72.49 Resistance: 82.00 – 86.55
BRENT OIL seems to have broken the 82.60 support. It remained below the averages in the 4-hour time frame. If it cannot rise above 84.20, the declines will continue. Support: 80.70 – 76.90 Resistance: 84.20 - 87.00 – 89.40
Nasdaq fvg may visit 10940 to close the gap. It should be kept in mind that it will continue its decline from where it left off afterwards. The market structure was disrupted in the 4-hour and daily time frames. Support: 10850 - 10650 – 10180 Resistance: 10940 – 11020 – 11230
The upper limit of open liquidity in the DAX index is at 14387. The price may visit this level. Then we may watch a new downward wave. Supports: 13840 - 13693 Resistances: 14243 - 14387
On the Bitcoin side, the resistance level determined by the 200 simple and exponential averages worked with a very small deviation. Positions closed at this level prevented the market from going up. A pullback should be monitored to determine a new scenario. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD parity gave a market breakout in 4-hours. The bullish momentum is exhausted. The price may react to close the imbalance around 1.062. Then it may exhibit downward movements again. Support: 1.0489 – 1.0406 Resistance: 1.062 – 1.065
GBPUSD repaired the price imbalance gaps formed during the decline. It seems to have settled back above the 1.20149 support area. If the support is lost, the decline will continue and a pullback to the 1.1837 area can be observed. Support: 1.1837 Resistance: 1.20149 - 1.2159 - 12306 - 1.24450
USDJPY parity received a reaction from the limit of the imbalance box determined in the daily time frame. However, the trend still maintains its negative trend in the macro view. If the price cannot settle above the 200 averages after the reactions, the decline will continue. Supports: 129.20 - 128.20 Resistances: 133.60 - 135.17 - 135.74
Gold slowed down in the 1860 region as we expected, the incoming sales slowed the trend. However, the averages were not broken and the direction is still up. It will maintain its momentum as long as it stays above EMA8. 1920 may be the target. Support: 1851 – 1840 - 1800 Resistance: 1860 - 1920
WTI CRUDE OIL could not stay above 76.41 and retreated to the specified 72.49 support area. A complete settlement to the support area has not yet occurred. Many imbalances were left during the decline, it may give upward tests. The decline should continue below 72.40. Support: 72.49 Resistance: 76.40 - 82.00 - 86.55
BRENT OIL 77.70 received a reaction from the blue fvg box. It had been waiting for a long time without being tested and today the liquidity area fulfilled its duty. Not a clear reversal signal. However, many imbalances were left in the upper region. We may see reactions around 81 in the coming period. Support: 77.70 – 76.90 Resistance: 82.50 - 87.00 – 89.40
Nasdaq is struggling greatly with the imbalance at 10940. It tried to jump above it 4 times but each time the price closed below this level. If 10850 is broken again, we can expect a decline. If it closes above 10940, we will watch for an increase. Support: 10850 - 10650 – 10180 Resistance: 10940 – 11020 – 11230
DAX index has an hourly fvg at 14575 from the old decline. The price should want to test the upper limit of this fvg, which is 14575. 4 It caught a strong trend on the hourly. Supports: 14390 - 13840 - 13693 Resistances: 14575 - 15000
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0581 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD is at an important threshold on the 4-Hour time frame. It is stuck exactly above the EMA 100. If 1.2159 breaks down again, the price is expected to fall to the 1.20149 area. Support: 1.2159 – 1.20149 Resistance: 12306 - 1.24450
USDJPY is above 200-period supports on the daily. The pair has been struggling to hold on since the beginning of December. As long as it stays above 135, we can think that the Dollar can strengthen again. Supports: 135.66 – 135.17 Resistances: 137.82 – 139.59 – 140.48
EURUSD parity gave a market breakout in 4-hours. The bullish momentum is exhausted. The price is trading in the EMA/MA200 area. Just below it is the 1.0489 demand area. The loss of this area will accelerate the decline. Support: 1.0489 – 1.0406 Resistance: 1.062 – 1.065
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GBPUSD repaired the price imbalance gaps formed during the decline. Then it broke the 1.20149 support zone with an accelerated decline. Our next lower support level is the 1.1837 zone. Market structure is negative. Support: 1.1837 Resistance: 1.20149 - 1.2159 - 12306 - 1.24450
The 1776 support was an effective support for gold. The gold, which gained strength in this region, made a breakthrough to around 1800 again. We can target the 1802 and 1805 region on 1788. Support: 1788 - 1776 – 1767 - 1753 Resistance: 1802 - 1805
USDJPY bounced above the upper limit of the imbalance box. 200 is about to reach the daily average resistance. It seems difficult to settle above the averages again. These are the averages indicated in orange on the chart. Supports: 133.60 – 132.89 Resistances: 134.86 – 136.42
WTI CRUDE OIL has untested imbalances. Since the price has lost momentum, a test of the 72.39-72.49 area in the lower region may be observed. Support: 72.49 – 72.39 Resistance: 76.41 – 79.66
USDTRY technically the direction is up. Although no major momentum is observed in the price, an upward movement above the averages is observed. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
For BRENT OIL, we can see a test towards the upper limit of the blue box, 77.70-76.90. This area, which was passed without a mitiga-tion during the return from support, will most likely be tested. Support: 77.70 – 76.90 Resistance: 80.75 – 82.50
Gold was subject to serious selling from the top extension indicated in blue. It was pulled back to the EMA50 average in the 4-hour time frame. An effort to hold on can be observed here. If it breaks down, it is likely that we will see the continuation of the decline. Support: 1827 – 1813 - 1789 Resistance: 1843 – 1852
Nasdaq broke the daily averages. Again, the lower limit of the imbalance in the daily time frame passes 11125. There is a high probability that the price will test here. In general, the index has a troubled appearance Support: 11125 - 11088 Resistance: 11355 - 11525
WTI CRUDE OIL made a perfect contact at 72.49. The price gained momentum from here. We may see an upward attack to around 76.40 again. Support: 72.49 Resistance: 76.40 - 82.00 - 86.55
The daily imbalance limit for DAX is 13693. While market breakouts and accelerated sales have begun to occur, it is also possible to expect this downward target. Supports: 13878 - 13693 Resistances: 14130 - 14243 - 14355
BRENT OIL received a decisive reaction from the 77.70 imbalance box. As long as there is no downward break, we can observe upward attacks towards the 82.50 and 84.20 areas. Support: 77.70 – 76.90 Resistance: 82.50 - 87.00 – 89.40
Bitcoin experienced a pullback to 16500 support. Although time has passed, this support has not been forgotten. FVG, which was formed at the beginning of the previous trend, has now been tested. There is a support level of 16170 under 16500. Supports: 16500 - 16170 Resistances: 16820 - 17050
Nasdaq lost the 10850 level again. The trend structure does not seem positive. It is drifting down below the averages. We can observe a relaxation towards the 10650 area. Support: 10650 – 10180 Resistance: 10940 – 11020 – 11230
DAX index has an hourly fvg at 14575 from the old decline. The price should want to test the upper limit of this fvg, which is 14575. 4 It caught a strong trend on the hourly. Supports: 14390 - 13840 - 13693 Resistances: 14575 - 15000
On the Bitcoin side, the resistance level determined by the 200 simple and exponential averages worked with a very small deviation. The incoming sale was enough to pull the price down. We can say that the trend will not be disrupted above 16750 and the price can maintain its potential. Supports: 16760 - 16500 - 16170 Resistances: 16900 - 17050
EURUSD parity has returned from the mentioned demand zone around 1.0489. There were quite some acceleration purchases on Friday. will remain strong as long as it stays above 1.065. Support: 1.065 - 1.0489 Resistance: 1.0818
GBPUSD has turned back from the support we mentioned at 1.1837. It is currently trading in a region that can be considered as resistance. Around 1.2159 may create selling pressure. We will continue to see the parity positive above 1.20149. Support: 1.20149 - 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was exposed to selling from the 200-day exponential moving average. This was an expected scenario. It should be noted that the medium-term direction of the pair seems to be mostly down. Supports: 129.60 – 128.30 Resistances: 133.60 – 134.80
USDTRY technically the direction is up. Although no major momentum is observed in the price, an upward movement above the averages is observed. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold is showing a strong outlook. It passed the extension target of the peaks on its second try. Around 1920 seems to be the target. It maintains a strong uptrend above the averages. Support: 1859 – 1850 - 1835 Resistance: 1920
WTI CRUDE OIL made a perfect contact at 72.49. The price gained momentum from here. We may see an upward attack to around 76.40 again. Support: 72.49 Resistance: 76.40 - 82.00 - 86.55
BRENT OIL received a decisive reaction from the 77.70 imbalance box. As long as there is no downward break, we can observe upward attacks towards the 82.50 and 84.20 areas. Support: 77.70 – 76.90 Resistance: 82.50 - 87.00 – 89.40
Nasdaq closed the week stronger. We will watch for the continuation of upward movements this week. It is possible that it will target imbalance around 11200. Support: 10940 - 10850 Resistance: 11200
DAX index reached 14575 target. The outlook is strong and the direction is upward. Around 15000 can be followed as the current target. This time, it is quite likely that these levels will come. Supports: 14575 – 14462 - 14243 Resistances: 15000
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0586 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
Bitcoin has bounced off the EMA/MA200 levels. The short-term direction has turned upwards. Roughly, its target is around 17650. It can be observed that the rise continues until this region. There is no problem unless it closes below 16900. Supports: 16900 Resistances: 17650
GBPUSD was at an important threshold on the 4-Hour time frame. EMA100 average and horizontal support broke simultaneously. Now the 1.2159 level can be watched as resistance. Support: 1.20149 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above 200-period support on the daily time frame. There is a huge sell candle on the daily view and it seems that the support zones have been breached. If it does not recover by the close, we expect the declines to continue. Supports: 133.6 Resistances: 135.17 – 135.74
Gold is struggling to stay above 1788. We will see how long it can continue. Its daily support is passing 1776. Our EMA21 trend support is currently touching 1776. Support: 1788 - 1776 – 1767 - 1753 Resistance: 1802 - 1805
WTI CRUDE OIL also respects its daily average resistance. There is daily EMA21 resistance at $77 and it has not passed here before. Persistence above 77 will open the way to 82. Support: 75.00 – 72.49 Resistance: 76.41 – 79.15
We stated that the Nasdaq market structure was disrupted. The relentless decline continues. In the short term, relaxation may continue until the lower limit of 10850 fvg. The index is still negative. Support: 10850 - 10649 Resistance: 11088 - 11125
We stated that the declines on the DAX side are likely to continue and the market structure is not suitable for an increase. The 13693 test has occurred. There is no return yet, there is no structure to build a swing position. Supports: 13693 – 13567 - 13491 Resistances: 14000 - 14170
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
1.2159 is an important level for GBPUSD. It is observed that it is making saw movements around the level. Both the 200 averages pass from the 1.20149 level and stand out as a horizontal support level. It should be taken into consideration. Support: 1.20149 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above 200-period support on the daily timeframe. This support zone was broken downwards and the main trend direction turned downwards after this breakout. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
EURUSD parity maintains its strong outlook. As long as it stays above 1.065, its immediate target will continue to be 1.0818. The direction seems to be upwards. Support: 1.065 - 1.0489 Resistance: 1.0818
USDTRY continues to fluctuate in a narrow band. Despite being above the averages, it has not been able to make an upward move for a very long time. Supports: 18.40-18.20-18.00-17.75 Resistances: 18.58-18.90
GBPUSD broke above 1.2163, one of the minor resistance levels. The price will remain strong above this level. The nearest target on the upside is 1.2306. Support: 1.2163 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
Gold expectations are mostly upward. Our previous target prices were realized yesterday. We will be waiting for the 1840 and 1920 areas in turn. Price should continue upward after correction Support: 1805 – 1802 - 1788 Resistance: 1840 - 1920
USDJPY was exposed to selling from the 200-day exponential moving average. This was an expected scenario. It should be noted that the medium-term direction of the pair seems to be mostly down. Supports: 129.60 – 128.30 Resistances: 133.60 – 134.80
WTI CRUDE OIL 76.40 is a decisive resistance. Both horizontal and currently passing through EMA100 resistance. If crude oil breaks the 76.40 level, it may experience a rapid rise to the 79 - 80.20 area. Support: 75.80 - 72.49 Resistance: 76.41 - 79.00 - 80.20
USDTRY technically the direction is up. Although no major momentum is observed in the price, an upward movement above the averages is observed. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
BRENT OIL has imbalances both above and below. Which one will be tested first is our real question. 80.77 liquidity is closed. If it cannot settle above it, a relaxation to the 77.70 region may be seen. Support: 77.70 – 76.90 Resistance: 80.75 – 82.50
Gold still looks strong. EMA8 theme came in 4-hours. It also supports the extension of the tops. Stays strong above 1868 and targets around 1920. Support: 1868 – 1859 - 1843 Resistance: 1920
Nasdaq left open liquidity in the 11230 area. It is possible that the price will fill this liquidity and come back before making a deeper decline. There are no signs of a turnaround for Nasdaq on a macro scale. Support: 10850 - 10649 Resistance: 11125 - 11230 -
WTI CRUDE OIL had made a perfect contact to the 72.49 level and turned upwards. It reached the 76.40 level that we specified as the target and was exposed to a hard sell from there. The expectation was successfully completed. Now the price should be observed to hold above 72.50. Support: 72.49 Resistance: 76.40 - 82.00 - 86.55
We stated that the declines on the DAX side are likely to continue and the market structure is not suitable for an increase. The 13693 test has occurred. There is no return yet, there is no structure to build a swing position. It may rise towards the 14170 region for liquidity purchase. Supports: 13693 – 13567 - 13491 Resistances: 14000 - 14170
BRENT OIL gained serious upward momentum yesterday but could not sustain this momentum. 76.90 level should be followed. In case of loss, the imbalance box will also be violated and the decline will continue. Support: 77.70 – 76.90 Resistance: 82.50 - 87.00 – 89.40
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
Nasdaq successfully achieved our 11200 imbalance target. It is essential for it to hold above 10940 to maintain the positive atmosphere captured yesterday. Otherwise, this rise will remain a reaction. Support: 10940 - 10850 Resistance: 11200
DAX index reached 14575 target. The outlook is strong and the direction is upward. Around 15000 can be followed as the current target. This time, it is quite likely that these levels will come. Supports: 14575 – 14462 - 14243 Resistances: 15000
Bitcoin has bounced off the EMA/MA200 levels. The short-term direction has turned upwards. Roughly, its target is around 17650. It can be observed that the rise continues until this region. There is no problem unless it closes below 16900. Supports: 16900 Resistances: 17650
EURUSD parity maintains its strong outlook. As long as it stays above 1.065, its immediate target will continue to be 1.0818. The direction seems to be upward. The price is moving above the moving averages. Support: 1.065 - 1.0489 Resistance: 1.0818
GBPUSD broke above 1.2163, one of the minor resistance levels. The price will remain strong above this level. The nearest target on the upside is 1.2306. Support: 1.2163 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
USDJPY was exposed to selling from the 200-day exponential moving average. This was an expected scenario. It should be noted that the medium-term direction of the pair seems to be mostly down. Supports: 129.60 – 128.30 Resistances: 133.60 – 134.80
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
Gold still looks strong. EMA8 theme came in 4-hours. It also supports the extension of the tops. Stays strong above 1868 and targets around 1920. Support: 1875 – 1867 - 1850 Resistance: 1920
1.2159 is an important level for GBPUSD. It is observed that it is making saw movements around the level. Both the 200 averages pass from the 1.20149 level and stand out as a horizontal support level. It should be taken into consideration. Support: 1.20149 Resistance: 1.2159 - 12306 - 1.24450
WTI CRUDE OIL had made a perfect contact to the 72.49 level and turned upwards. It reached the 76.40 level that we specified as the target and was exposed to a hard sell from there. The expectation was successfully completed. Now the price should be observed to hold above 72.50. Support: 72.49 Resistance: 76.40 - 82.00 - 86.55
USDJPY was above 200-period support on the daily timeframe. This support zone was broken downwards and the main trend direction turned downwards after this breakout. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
BRENT OIL gained serious upward momentum yesterday but could not sustain this momentum. 76.90 level should be followed. In case of loss, the imbalance box will also be violated and the decline will continue. Support: 77.70 – 76.90 Resistance: 82.50 - 87.00 – 89.40
Gold expectations are mostly upward. Our previous target prices were realized yesterday. We will be waiting for the 1840 and 1920 areas in turn. Price should continue upward after correction Support: 1805 – 1802 - 1788 Resistance: 1840 - 1920
Nasdaq successfully achieved our 11200 imbalance target. If it breaks the average resistance at 11225, 11372 will be the nearest target. Support: 10940 - 10850 Resistance: 11215 - 11372
WTI Crude Oil is a decisive resistance at 76.40. After breaking it, it rose to around 79 and reached the EMA200 resistance. If the orange EMA200 can break, it can go to around $82. Support: 76.40 – 72.49 Resistance: 78.95 – 82.00
DAX index reached 14575 target. The outlook is strong and the direction is upward. Around 15000 can be followed as the current target. This time, it is quite likely that these levels will come. Supports: 14575 – 14462 - 14243 Resistances: 15000
BRENT OIL If it can break above the 82.30 resistance, it will target 84.20. 80.77 should now act as support. Support: 77.70 – 76.90 Resistance: 80.75 – 82.50
Nasdaq has started to experience upward reactions as expected. 11230 target completed. Near term may come around 11355. There are still open liquidities. Support: 11230 - 11125 Resistance: 11355 - 11500
DAX side continues to make reaction purchases as expected. 14170 was a rough reaction target but the index has not reached there yet. It has reached around 14130. 14170 and maybe even higher may be seen in the short term. If it can settle above 14355, the direction will be upwards again. Supports: 14050 – 14020 - 13693 Resistances: 14170 – 14243 - 14355
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD parity maintains its strong outlook. As long as it stays above 1.065, its immediate target will continue to be 1.0818. The direction seems to be upward. The price is moving above the moving averages. Support: 1.065 - 1.0489 Resistance: 1.0818
GBPUSD seems to have risen above the averages again. will strengthen above 1.2163. The open liquidity gap around 1.2306 can be followed as an upward target. Support: 1.2163 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
Gold still looks strong. EMA21 bounce came in 4-hours. It also supports the extension of the tops. Stays strong above 1878 and targets around 1920. Support: 1878 – 1872 - 1856 Resistance: 1920
WTI CRUDE OIL is struggling to break through the 77.73 level. This level coincides with the EMA200 average on the 4-Hour chart. Closing above the level will target the $82 level. Support: 72.49 Resistance: 77.73 - 82.00 - 86.55
BRENT OIL 4-Hour chart is $83 resistance. Closing above the level can follow the sequential targets of 85.70-87.00-89.40. 4H chart is passing EMA200 from $83 level. Support: 81.90 – 80.00 Resistance: 83.00 - 87.00 – 89.40
Nasdaq Our 11372 upside target was achieved. If the price can stay above 11355, our close current target can be followed as 11525. Support: 11355 - 11230 Resistance: 11525 - 11822
DAX index 15000 target achieved. Price still looks strong. However, it is difficult to have a clear bias at this stage. Supports: 14916 – 14806 - 14575 Resistances: 15000
Bitcoin Our 17600 target has been achieved. The accelerating price has risen well above our short-term target level and has taken the previous peak liquidity. 18379 is our new resistance level. Supports: 17600 - 17000 Resistances: 17379
EURUSD completed the 1.0818 target. If it continues to hold above the level, the level we will watch will be 1.1007. Likewise, it has an unmitigated region within itself. Support: 1.0818 - 1.065 - 1.0489 Resistance: 1.1007
The performance of the GBPUSD parity overshadowed the Euro/Dollar parity. We can follow the 1.2159 level as support. 1.2306 can be followed as a close supply zone. Support: 1.2159 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
USDJPY was exposed to selling from the 200-day exponential moving average. This was an expected scenario. It should be noted that the medium-term direction of the pair seems to be mostly down. Supports: 127.82 – 125.15 Resistances: 130.50 – 132.10
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
Gold still looks strong. EMA21 bounce came in 4-hours. It also supported the extension of the tops. The direction is still up, Our 1920 target is also valid. Support: 1889 – 1881 - 1864 Resistance: 1920
1.2159 was an important level for GBPUSD. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
WTI CRUDE OIL has broken through the 77.8 level. As long as it stays above this important level, the price may start gaining momentum. The $82 area can be followed as an upside target. Support: 77.8 – 76.40 – 72.49 Resistance: 82
USDJPY was above 200-period support on the daily timeframe. This support zone was broken downwards and the main trend direction turned downwards after this breakout. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
BRENT OIL will be strong as long as it stays above $83 on the 4-hour chart. 87 and 89.40 areas can be followed as bullish targets. Support: 83.10 – 81.80 Resistance: 87.00 – 89.40
There was a market breakout with the sharp sales in gold yesterday. The parity, which broke through the 1788 support, is trying to fill the liquidity gaps. The reaction may last until around 1810. Afterwards, the trend may make a new downward wave. Support: 1788 – 1776 - 1767 Resistance: 1802 – 1805.6 - 1810
Nasdaq is positive above 11355, if it can settle above 11535, its sequential targets will be 11822 and 12079. However, 11535 is an important bracket, it has been seen to affect the price more than once before. Support: 11355 Resistance: 11525 - 11535
WTI Crude Oil is a decisive resistance at 76.40. After breaking it, it rose to around 79 and reached the EMA200 resistance. If the orange EMA200 can break, it can go to around $82. Support: 76.40 – 72.49 Resistance: 78.95 – 82.00
BRENT OIL broke through the 82.30 resistance and achieved the 84.20 target. The price will maintain its strength as long as it stays above 81.68. If this level is lost, it is expected to retreat to the 80.77 horizontal. Support: 81.68 - 77.70 – 76.90 Resistance: 80.75 – 82.50
Nasdaq filled the FVG left open on the 4-Hour chart. The lower limit was 10650 and was pulled to this level with yesterday's movement. If it cannot stay above 10850, it will come to the 10650 band. A lower stop is the 10180 region. Support: 10850 – 10650 – 10180 Resistance: 11125 – 11230
On the DAX side, the reaction I expected from 14170 was realized as 14160 with a 10 point drop and then a sharp sell-off occurred. We will watch the index hold above 13693. If it cannot provide this, the declines will deepen. Supports: 13693 – 13567 - 13491 Resistances: 14160 – 14243 - 14355
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 1.2159 was an important level. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
Gold experienced a market breakdown with the sharp sales. The parity, which broke through the 1788 support, is trying to fill the liquidity gaps. The reaction may go up to around 1810-1813. Support: 1788 – 1776 - 1767 Resistance: 1810 - 1813
WTI CRUDE OIL is important for 79.20. It has settled above the averages that are obstacles in the 4-hour charts. As long as it stays above 79.20, $82 will be the immediate target. Support: 79.24 – 78.11 Resistance: 82.00 – 86.55
BRENT OIL achieved the 84.20 target for the second time. 85.20 is a significant resistance level. If it can settle above this level, it will target around 89.40. Support: 84.20 – 82.35 Resistance: 85.23 – 89.42
Nasdaq balanced its decline by filling the open liquidity in the 4-hour chart. Buyers stepped in at the 10850 band. We can see a reaction around 11125. This is also an open liquidity center at the sharp decline. Support: 10850 – 10650 – 10180 Resistance: 11125 – 11230
The decline experienced on the DAX side also left liquidities open. We can observe a similar reaction towards around 14030. Deep sales may come again after the open liquidities are taken. We need to be prepared for this as well, the market structure has lost its positive course. Supports: 13693 – 13567 - 13491 Resistances: 14030 – 14243 - 14355
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 1.2159 was an important level. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
There was a market breakdown with the sharp sales in gold yesterday. The parity, which broke through the 1788 support, is trying to fill the liquidity gaps. The reaction may go up to around 1810-1813. Support: 1788 – 1776 - 1767 Resistance: 1810 - 1813
WTI Crude Oil 79.20 is important. It has settled above the averages that are obstacles in the 4-hour charts. As long as it stays above 79.20, $82 will be the immediate target. Support: 79.24 – 78.11 Resistance: 82.00 – 86.55
BRENT OIL achieved the 84.20 target for the second time. 85.20 is a significant resistance level. If it can settle above this level, it will target around 89.40. Support: 84.20 – 82.35 Resistance: 85.23 – 89.42
Nasdaq balanced its decline by filling the open liquidity in the 4-hour chart. Buyers stepped in at the 10850 band. We can see a reaction around 11125. This is also an open liquidity center at the sharp decline. Support: 10850 – 10650 – 10180 Resistance: 11125 – 11230
The decline experienced on the DAX side also left liquidities open. We can observe a similar reaction towards around 14030. Deep sales may come again after the open liquidities are taken. We need to be prepared for this as well, the market structure has lost its positive course. Supports: 13693 – 13567 - 13491 Resistances: 14030 – 14243 - 14355
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 1.2159 was an important level. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
Gold targets have arrived, the 1810-1813 region has been achieved. In fact, as a result of the excess, it was traded up to the 1833 level. We will accept the technical appearance of gold above 1802 as positive Support: 1788 – 1776 - 1767 Resistance: 1810 - 1813
WTI Crude Oil 79.20 is important. It has settled above the averages that are obstacles in the 4-hour charts. As long as it stays above 79, $82 will be the immediate target. Support: 79.24 – 78.11 Resistance: 82.00 – 86.55
BRENT OIL settled above the 84.20 resistance. If it can hold above 84.20, we will observe upward targets. 87 and 89.40 regions can be monitored. Support: 84.20 – 82.35 Resistance: 87.00 – 89.42
Nasdaq 4-Hour view is not encouraging. Closing below 10850 is a sign of weakness. The price may ease towards the 10650 area. The market structure is not bullish yet. Support: 10650 – 10180 Resistance: 10850 - 11125 – 11230
The decline experienced on the DAX side also left liquidities open. We can observe a similar reaction towards around 14030. Deep sales may come again after the open liquidities are taken. We need to be prepared for this as well, the market structure has lost its positive course. Supports: 13693 – 13567 - 13491 Resistances: 14030 – 14243 - 14355
On the Bitcoin side, our 16170 test also worked with a very small violation. The price settled back above 16500 with acceleration. There is still no change in the macro sense. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Our resistance level has been working effectively since December 13. Support: 1.0594 - 1.0489 - 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 1.2159 was an important level. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this breakout. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
USDTRY has started an upward movement. However, it should not be ignored that it is still seriously suppressed. Technically, it continues to maintain its upward direction. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold targets have arrived, the 1810-1813 region has been achieved. In fact, as a result of the excess, it was traded up to the 1833 level. We will accept the technical appearance of gold above 1802 as positive. The 4-Hour EMA50 price seems to have held. Support: 1788 – 1776 - 1767 Resistance: 1810 - 1813
WTI CRUDE OIL weakened due to going below 200 averages in 4-hours. 77.66 and 76.40 can be watched as support. 72.50 will be the target below 76.40. Support: 77.66 – 76.41 Resistance: 82.00 – 86.55
On the Nasdaq side, 10650 has almost been realized. If it cannot hold on to this level, a deep drop target of 10180 is visible. In macro terms, the indices still seem to be in trouble. Support: 10650 – 10180 Resistance: 10850 - 11125 – 11230
The decline experienced on the DAX side also left liquidities open. We can observe a similar reaction towards 14030. We had said that deep sales could occur again after the open liquidities were taken. This scenario happened exactly. The situation has not improved for the indices, the market structure is prone to sales. Supports: 13693 – 13567 - 13491 Resistances: 14030 – 14243 - 14355
Bitcoin tested 1650. Price momentum seems to have slowed down. If it cannot hold, 16170 can be monitored as a lower support level. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD pair relies on 4-Hour averages. EMA50 is still protected. As long as it holds above EMA50, the trend will remain strong, it may try 1.065 again. Our resistance level has been working effectively since December 13. Support: 1.0594 - 1.0489 – 1.0406 - 1.0381 Resistance: 1.065
GBPUSD 1.2159 was an important level. After breaking, the price pulled back to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 support are passing through here. If 1.20149 is broken, the decline should continue, 1.1837 should be the new downward target. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
USDTRY has started an upward movement. However, it should not be ignored that it is still seriously suppressed. Technically, it continues to maintain its upward direction. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold targets have arrived, the 1810-1813 region has been achieved. In fact, as a result of the excess, it was traded up to the 1833 level. We will accept the technical appearance of gold above 1802 as positive. The 4-Hour EMA50 price seems to have held. Support: 1788 – 1776 - 1767 Resistance: 1840 - 1920
WTI CRUDE OIL weakened due to going below 200 averages in 4-hours. 78.96 works as resistance. If it can go above, the price will relax. 76.40 can be followed as support. Support: 77.66 – 76.41 Resistance: 82.00 – 86.55
BRENT OIL could not stay above 84.20. It was pulled back to the EMA100 level on the 4-hour charts. The 82.70 region can be considered as support. In case of loss, the price can be pulled back to around 80.77 and 76.90. Support: 82.60 – 76.90 Resistance: 84.23 – 87.00
Nasdaq is testing the imbalance zones that occur during a sharp decline. There is a liquidity limit around 1100. It can be observed that the price is testing this zone. In the macro view, the index's position in the upper time frames still does not point upwards. Support: 10650 - 10180 Resistance: 11020 - 11230
DAX can continue its upward reaction if it can protect the 13985 band on the 4-hour chart and stay above EMA21. The imbalances that occurred in the decline have been partially closed, we still have the possibility of seeing a reaction around 14243. Supports: 13985 - 13693 - 13567 Resistances: 14060 - 14243 - 14355
Bitcoin tested 1650. Price momentum seems to have slowed down. If it cannot hold, 16170 can be monitored as a lower support level. Supports: 16500 - 16170 Resistances: 16820 - 17050
EURUSD parity managed to settle above 1.065 box in 4-hour. 1.0818, which is a possible test target in the upper region, can be monitored. This can be considered valid as long as 1.0642 is not broken downwards Support: 1.065 – 1.0642 – 1.0489 Resistance: 1.0818
1.2159 was an important level for GBPUSD. After breaking, the price retreated to the lower support area of 1.20149. On the 4-hour charts, EMA200 and MA200 supports pass through here. As long as 1.20149 is not broken, recovery movements can be observed in the price. Support: 1.20149 – 1.1837 Resistance: 1.2159 - 12306 - 1.24450
USDJPY was above the 200-period average support on the daily time frame. This support area was broken downwards, the main direction of the trend turned downwards after this break. It may continue downwards after showing a reaction movement around 135. Supports: 129.20 – 128.20 Resistances: 135.17 – 135.74
USDTRY closed the last trading day of the year with a sudden sale. The rate, which retreated more than 10 cents, ended the day with the lowest level it has ever seen. However, it is still above the supports. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold maintains its positive trend. It would not be wrong if we accept the 1840 region as the target. The next open price target can be followed as 1920. Support: 1788 – 1776 - 1767 Resistance: 1840 - 1920
WTI CRUDE OIL 4-Hour led an accelerated movement. In the short term, the $82 target is likely to be tested. If it can close above 82, the 86.50 region will be the next step target. Support: 79.00 – 76.41 Resistance: 82.00 – 86.55
BRENT OIL closed the year with a sharp rise. It seems to fill the imbalance in the 87$ region in the nearest term. The upper step target and resistance can be followed around 89.40. Support: 84.20 – 83.07 Resistance: 87.00 – 89.40
We can predict that 11020 liquidity will be taken based on the Nasdaq index moving above 10850 without making a new low. In the short term, the price should rise and clear these unmitigated areas. Support: 10850 - 10650 – 10180 Resistance: 11020 – 11230
DAX is showing a relatively weaker outlook compared to the nasdaq index. The price is also below the moving averages in the 4-hour time frame. Supports: 13840 - 13693 Resistances: 14060 - 14243 - 14355
EURUSD repaired the price gap from the first day of the week. After the gap was filled, it bounced off the EMA21 average on the 4-hour charts and went back to the positive side. The trend of the pair still seems to be bullish. Support: 1.0868 – 1.0865 – 1.0818 Resistance: 1.1007
GBPUSD Our major resistance level has been reached in the parity. An effective supply zone that had an effect on the price before 1.2445 and reversed the trend direction in the short term. The price is still moving positively above the averages in the 4-Hour view. Support: 1.2381 – 1.2362 – 1.2306 Resistance: 1.2445
GBPUSD Our major resistance level has been reached in the parity. An effective supply zone that had an effect on the price before 1.2445 and reversed the trend direction in the short term. The price is still moving positively above the averages in the 4-Hour view. Support: 1.2381 – 1.2362 – 1.2306 Resistance: 1.2445
USDJPY parity did not lose its imbalance zones. On the contrary, it gathered strength and accelerated. It is possible that it will move towards the imbalance limit that remains open towards the level of 132.06. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
Gold maintains its positive trend. Yesterday, it gathered strength near EMA50 in the 4-Hour period and moved into the positive zone again. We will monitor the $ 1968 level as a target. Support: 1924 – 1910 - 1886 Resistance: 1935 - 1968
WTI CRUDE OIL reached the $82 level but could not stay above it. We can also see this upward movement as liquidity purchase. It will try to find support from moving averages. Support: 81.13 – 80.00 Resistance: 81.66 – 82.00
Nasdaq Our mentioned targets came within a day. Both regions were mitigaed yesterday. There is no clear view now, the movement still looks strong. It is not clear whether it will continue upwards. However, if it continues upwards, 12000 can be followed. Support: 11690 – 11482 - 11340 Resistance: 11860 - 12000
DAX has run the pink box we mentioned and provided perfect selling opportunities. The price is showing positive signs. The next target could be 15185. Supports: 15100 - 15085 Resistances: 15185
EURUSD repaired the price gap from the first day of the week. After the gap was filled, it bounced off the EMA21 average on the 4-hour charts and turned positive again. The trend of the pair still seems to be bullish. Support: 1.0869 – 1.0834 - Resistance: 1.1007
GBPUSD Our major resistance level has been reached in the parity. An effective supply zone that had an effect on the price before 1.2445 and reversed the trend direction in the short term. The sales in the region took the price below EMA21 and even broke the market structure in the 4-Hour. Support: 1.2306 – 1.2241 Resistance: 1.2373 – 1.2445
USDJPY parity did not lose its imbalance zones. On the contrary, it gathered strength and accelerated. It is possible that it will move towards the imbalance limit that remains open towards the level of 132.06. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
Gold maintains its positive trend. Yesterday, it gathered strength near EMA50 in the 4-Hour period and moved into the positive zone again. It seems that the positive trend will be maintained above $1920. Support: 1928 – 1920 - 1915 Resistance: 1939 - 1968
WTI CRUDE OIL reached the $82 level but could not stay above it. We can also see this upward movement as liquidity purchase. The decline at the EMA50 level has slowed down, if 80.10 is lost, we can see around 78.8 or even 76.40. Support: 80.10 – 78.80 – 76.40 Resistance: 81.04 - 82.01 – 86.50
BRENT OIL seems to have stopped at the EMA50 level on 4H charts. If an upward reaction starts, it will target imbalance around 87.50. 85.90 loss will bring 84.30 to the agenda. Support: 85.90 – 84.30 Resistance: 87.50 – 89.40
There was an effective sale on the Nasdaq side. This sale, which came before the $ 12,000 level was seen, caused a move below EMA8. Our major support area is passing around 11,700 via EMA21. Support: 11,700 – 11,555 - 11,418 Resistance: 11,860 - 12,000
DAX has run the pink box we mentioned and provided perfect selling opportunities. If the 15030 level is lost, further declines are expected. The target will be around 14860. Supports: 15030 - 14860 Resistances: 15080 - 15140
EURUSD is moving above the averages, maintaining its positive trend. It is still maintaining its upward momentum in the 4-hour view. 1.0882 and 1.0846 are sequential support levels. It seems likely to target around 1.10 Support: 1.0882 – 1.0846 Resistance: 1.1007
GBPUSD pair has once again reached the major resistance level. If it increases in parallel with the EurUsd pair, it is expected to exceed the 1.2445 level this time. Support: 1.2306 – 1.2241 Resistance: 1.2445
USDJPY pair did not lose its imbalance zones. On the contrary, it gathered strength and accelerated. The price may create a new upward wave from this zone, then take open liquids and continue to lose value. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
Gold maintains its positive trend. Yesterday, it gathered strength near EMA50 in the 4-Hour period and moved into the positive zone again. It seems that the positive trend will be maintained above $1920. Our expectation of $1968 continues Support: 1938 – 1933 – 1920 Resistance: 1968
WTI CRUDE OIL reached the $82 level but could not stay above it. Yesterday, it recovered its imbalance with an upward reaction and came down quickly. If the price remains horizontal for a while, it will meet the EMA200 support. Support: 78.90 – 76.41 Resistance: 82.01 – 86.55
Nasdaq retreated to the level we indicated as support and turned upwards from there. This accelerated return movement may emphasize to us that the upward trend may continue. It is likely to target liquidity around 12000. Support: 11790 – 11730 - 11600 Resistance: 11860 - 12000
DAX approached to break the EMA50 average in the area indicated by the green arrow, but made the 4-hour close by settling above the average with sudden recoveries. Liquidity remained as cleared. The price also cleared the upper liquidity around 15185, and can target around 15265. Supports: 15185 - 15140 Resistances: 15265
EURUSD 4-Hour chart has once again run the EMA50 average. The current value of the average is 1.0854. The previous uptrend was also accelerated at the EMA50 average area. Support: 1.0854 – 1.0820 Resistance: 1.0918 – 1.1007
GBPUSD imbalance box did not pass to the price. The supply zone, which we roughly determined as 1.2445, could not be passed over. Support: 1.2379 – 1.2334 – 1.2306 Resistance: 1.2445
USDJPY pair did not lose its imbalance zones. On the contrary, it gathered strength and accelerated. The price may create a new upward wave from this zone, then take open liquids and continue to lose value. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
Gold side, 1920 is important. Loss of the level will lead to loss of upward momentum. 4-hour closings should be followed. In case of loss of 1920, the closest region to be expected will be $1900. Support: 1920 – 1900 - 1860 Resistance: 1942 - 1968
WTI CRUDE OIL is consolidating again. It had fallen from the $82 threshold, and is trying to break through the same area again. Support: 81.35 – 79.04 Resistance: 82.01 – 86.55
BRENT OIL has reached the 87.5 level. If it can stay above the level, it will target the 89.40 and 91.90 regions respectively. 4 It is a positive sign that it continues to trade above the hourly EMA21 and EMA50. Support: 87.00 – 86.30 Resistance: 87.50 – 89.40
Nasdaq side also received liquidity waiting around 12000. Our target was achieved during the night hours. If the price can stay above 11860, we will continue to see this as positive. Support: 11860 - 11690 Resistance: 12000 -
DAX has broken the market, but has not yet given the expected decline despite receiving open liquidities. It is still trading above averages and maintaining its positive trend. Supports: 15140 - 15117 Resistances: 15185 - 15265
Our target was tested on the Bitcoin side. It was seen more than enough by passing over the 23665 level. The positive momentum in the price continues. Supports: 22349- 22276 - 20360 Resistances: 23665
EURUSD 4-Hour chart has once again run the EMA50 average. The current value of the average is 1.0858. The previous uptrend was also accelerated at the EMA50 average area. Support: 1.0858 – 1.0820 Resistance: 1.0918 – 1.1007
GBPUSD imbalance box did not pass to the price. The supply zone, which we roughly determined as 1.2445, could not be passed over. Support: 1.2379 – 1.2334 – 1.2306 Resistance: 1.2445
Gold side, 1920 is important. Loss of the level will lead to loss of upward momentum. 4-hour closings should be followed. In case of loss of 1920, the closest region to be expected will be $1900. Support: 1920 – 1903 - 1866 Resistance: 1942 - 1968
WTI CRUDE OIL could not pass the $82 resistance despite trying 3 times. The price was pulled back to the EMA200 area. If it cannot hold above $79, the decline will continue. Support: 79.04 – 77.80 Resistance: 82.01 – 86.55
BRENT OIL similarly failed to stay above the 500-period moving average resistance. The price has once again fallen below the short moving averages. Support: 84.68 – 83.01 Resistance: 87.50 – 89.40
On the Nasdaq side, the price going above 12000 brought new targets to the agenda. There is still an unmitigated imbalance from the huge fall from September. It has limits extending to around 12770, the market may want to test these levels. Support: 12000 – 11860 - 11690 Resistance: 12250
DAX has broken the market, but has not yet given the expected decline despite receiving open liquids. It is still trading above averages and maintains its positive trend. Supports: 15080 – 15060 - 14940 Resistances: 15185 - 15270
Bitcoin has reached a region where two different imbalances are close to each other. There is also a possibility of a correction starting from these regions, it is necessary to be cautious. Supports: 23665 – 23395 - 22996 Resistances: 23910 - 24436
EURUSD lost the EMA50 average on the 4-hour chart this time. The average that was not lost throughout January was lost on the last day of the month. We may see a pullback to around 1.082. Support: 1.0820 Resistance: 1.087 – 1.1007
The supply area in the GBPUSD pair could not be broken. The price is likely to decline towards the 1.2306 area. Due to the correlation between them and the Euro, we can see the same loss of momentum in this pair. Support: 1.2306 Resistance: 1.2372 – 1.2445
USDJPY parity did not lose its imbalance zones. Although there are no vertical movements in the price, there is no loss of value either. The price may repair imbalance with upward attacks. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
Gold side, 1920 was important. If the 4-hour candle closes like this, the loss of momentum will be confirmed. We can expect the price to fall to the 1906 and 1898 area in the first place. Support: 1906 - 1898 Resistance: 1920 - 1927
WTI CRUDE OIL also lost the MA200 support at $78. The price is likely to pull back to around 76.40. Support: 76.40 – 72.50 Resistance: 78.00 – 79.00
BRENT OIL market structure also maintains its negative outlook. Weakness is observed in the price due to the loss of EMA200. We may see a pullback to around 82.50. Support: 83.20 – 82.50 Resistance: 84.70 – 87.50
Nasdaq 4-Hour EMA21 lost and broke its structure. 11860 – 11809 region is the possible places for demand for the price. Market structure is negative, declines may continue. Support: 11860 - 11809 Resistance: 11954 - 11977
DAX market broke out but eventually moved into a downtrend. We can see the price pull back to around 14950 in the near term. Supports: 14950 - 14700 Resistances: 15111 - 15185
Yesterday, we stated that Bitcoin had come to a region where two different imbalances were close to each other and that there was a possibility of a correction starting from these regions, and that we should be cautious. Correction has started, we can see around 22000. Supports: 22000 - 21240 Resistances: 22960 - 23500 - 23910
Our support zone worked effectively on the EURUSD side. The price was pulled back to support, new buyers joined and was lifted back above the averages. Today's Fed statements will cause high volatility in the parity. Support: 1.0859 Resistance: 1.0912 – 1.1007
GBPUSD is trying to gather strength from the demand zone. 1.2306 has worked as an effective support as it also overlaps with the EMA100 average simultaneously. If 1.2306 is lost, the decline should continue. Support: 1.2306 Resistance: 1.2372 – 1.2445
Gold left an untested imbalance at the 1942 dollar level. It threw many people off its back with the sudden fall and rapid recovery movement experienced yesterday. We may see a 1942 test. Support: 1923 – 1920 - 1908 Resistance: 1943 - 1968
WTI CRUDE OIL completed its downward target in line with our expectations. The price accelerated upwards without wasting any time. If it can settle above 79, we can see the continuation of the upward movement. Support: 79.00 – 78.10 – 76.40 Resistance: 79.50 – 81.10
BRENT OIL has turned back from the 4H MA200 average. The price is trying to settle above the averages again. We can see the 87.50 test once again. Support: 84.70 – 83.40 Resistance: 84.70 – 87.50
Nasdaq filled the open imbalance around 12090 in 4-hours. There is also an imbalance around 12140. If the price remains strong, its next attempt will be these levels. Support: 12000 - 11977 Resistance: 12140
DAX has been struggling not to collapse for days despite making a market break. There is no open imbalance left in the upper region, there is no internal liquidity to test. Fed interest rate decision will also bring high volatility to the indexes. Supports: 15090 - 14975 Resistances: 15185 - 15280
Bitcoin did not fill the entire imbalance it left in the accelerated decline. The middle level of the imbalance can be monitored as 23500, and the upper limit as 23600. After giving this test, we can observe declines. Supports: 22910 - 22126 Resistances: 23500 - 23600
EURUSD Our target was achieved after the fed statement. The accelerating price soon reached around 1.10. The parity still maintains its positive trend above the averages. Support: 1.0859 Resistance: 1.103
Trying to gather strength from the B demand zone. 1.2306 worked as an effective support as it simultaneously overlapped with the EMA100 average. Although it moved upwards after the FED, it remained behind compared to EURUSD. Support: 1.2306 Resistance: 1.2372 – 1.2445
USDJPY pair was gaining strength but weakened again after the Fed interest rate announcement. Important areas have not been lost yet, but preparations for the upward movement have been delayed. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
USDTRY is slowly being pulled up without being felt. There is actually a stable trend, although it is moving very slowly, there is a stable upward progress. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
In gold our 1943 target was achieved. We are also very close to our final expectation of 1968. We expect the price to test 1968 in the near term. The movement is still positive. Support: 1943 – 1927 - 1911 Resistance: 1968
WTI CRUDE OIL could not settle above $79 and retreated to the support area of 76.40. It may test the imbalance it left during the sharp decline and continue its decline. It may test roughly 77.90-78.80. Support: 76.40 – 72.50 Resistance: 77.90 – 78.80
BRENT OIL pulled back to 82.50 support area. It may roughly test around 84.20-85.10. Then it may continue to fall. It is possible that the decline will continue to accelerate below 82.50. Support: 82.50 – 77.70 Resistance: 84.20 – 85.10
Nasdaq Starting a very strong, accelerating move. Can target untested imbalances around 12770. Support: 12231 – 12117 - 11942 Resistance: 12770 - 12880
DAX has turned its direction upward. It also seems quite stable in the upper timeframes. 15540 can be monitored as a target. Above 14950, the direction will continue to remain upward. Supports: 15090 - 14950 Resistances: 15540
NATGAS will continue to be weak below $2.67. There is a double bottom structure around 2.44 that has not yet been liquidated. The price may tend to visit this area. The macro outlook remains negative, we can say that natural gas has returned to its normal prices in the past years. Supports: 2.44 – 2.26 Resistances: 2.67 -2.82
EURUSD Our target was realized after the fed statement. The accelerating price soon reached around 1.10. With the sales from the supply area, it was pulled back to the EMA50 area. The decline will continue below 1.0889. Support: 1.0889 Resistance: 1.1007
GBPUSD has lost the 1.2306 support area. On the 4-hour view, the price has pulled back to the EMA200/MA200 area. If these averages are lost, a rapid decline to the 1.2159 support should follow. Support: 1.2194 – 1.2159 Resistance: 1.2219 – 1.2306
USDJPY pair was gaining strength but weakened again after the Fed interest rate announcement. Important areas have not been lost yet, but preparations for the upward movement have been delayed. Supports: 127.82 – 125.15 Resistances: 129.781 - 132.06 – 133.60
USDTRY is slowly being pulled up without being felt. There is actually a stable trend, although it is moving very slowly, there is a stable upward progress. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Under is in a critical place. If the blue average seen on the chart is lost, the price should fall towards the 1875-880 area. This blue average area also overlaps with the EMA21 average on the daily. If the declines continue today, things may get worse under it. Support: 1912 – 1879 - 1873 Resistance: 1927 – 1940 - 1950
WTI CRUDE OIL seems to have lost the 76.40 level. The price is more likely to move downwards. We may retreat towards the 72.50 band. Support: 72.50 Resistance: 76.40 - 77.90 - 78.80
BRENT OIL lost the 82.50 level. We are likely to see downward movements. We can watch declines towards the 77.70 area. Support: 77.70 Resistance: 82.50 - 84.20 - 85.10
Nasdaq saw our 12770 target, a perfect contact was achieved. The rise progressed at a very steep angle. We can watch the price ease towards the box below. Support: 12513 – 12343 - 12090 Resistance: 12770 - 12880
Our target on the DAX side was achieved perfectly. We still haven't been able to close above 15540, which we were looking at. The main direction continues to be up. Supports: 15392 – 15300 -15200 Resistances: 15540
NATGAS will remain negative below $2.67. The major outlook is still bearish. We think it is likely to target liquidities at 2.44. Supports: 2.44 – 2.26 Resistances: 2.67 -2.82
DAX index 15000 target achieved. Price still looks strong. However, it seems difficult to observe a clear target at this stage. However, if it stays above 15000, it is possible to see the continuation of the movement. Supports: 15023 – 14919 - 14682 Resistances: 15080
If Bitcoin can continue to stay above 18380, its next targets will be 19460 and 20360. 19460 is the equilibrium level of the momentum bearish candle, while 20360 is the upper limit of the past imbalance. Both levels are important. Supports: 18380 - 17600 Resistances: 19460 - 20360
EURUSD completed the 1.0818 target. If it continues to hold above the level, the level we will watch will be 1.1007. Likewise, it has an unmitigated region within itself. Support: 1.0818 - 1.065 - 1.0489 Resistance: 1.1007
EURUSD is in our demand zone. Roughly around 1.065 is an area where the price is likely to find support. As long as it holds around 1.065, we may see upward reactions. Support: 1.065 – 1.0489 Resistance: 1.0752 – 1.082
GBPUSD parity is seen as resistance at 1.2306 level. It is trading above the moving averages on the 4-hour chart and its direction still looks positive. 1.236 and 1.2445 regions can be followed as targets. Support: 1.2159 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
GBPUSD reacted from a place very close to the 500-period average in the 4-hour view. As long as it stays above 1.20149, it may target the 1.2159 area. Support: 1.20149 – 1.1837 Resistance: 1.2159 – 1.2306
USDJPY has also lost the FVG areas marked with red borders. The price direction seems to be down. It continues to be weak below the moving averages. Supports: 127.82 – 125.15 Resistances: 126.75 – 125.15
USDJPY parity did not lose imbalances and made an upward breakout. It may test the 135.75 level. The price still continues to trade above the averages in the daily time frame. Supports: 130.50 Resistances: 133.91 – 135.75
Gold achieved our $1920 target. As long as it stays above EMA21 on the 4-hour charts, our direction expectation for gold will continue to be upward. Support: 1910 -1897 - 185 Resistance: 1920
USDTRY is slowly being pulled up without being felt. There is actually a stable trend, although it is moving very slowly, there is a stable upward progress. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
WTI CRUDE OIL has broken through the 77.8 level. As long as it stays above this important level, the price may start gaining momentum. The $82 area can be followed as an upside target. Support: 77.8 – 76.40 – 72.49 Resistance: 82
Gold gave a sharp break down. However, this sharp decline produced large imbalance gaps. We may see a reaction movement to the 1896-1905 range. All upward momentum was lost. Support: 1860 - 1840 Resistance: 1896 - 1905 - 1920
BRENT OIL will be strong as long as it stays above $83 on the 4-hour chart. 87 and 89.40 areas can be followed as bullish targets. Support: 83.10 – 81.80 Resistance: 87.00 – 89.40
WTI CRUDE OIL fixed imbalances as expected. There is still an unrepaired price imbalance in the 81.80 area. The price may continue its upward reactions. Roughly, the $82 level can be followed as resistance. Support: 78.20 - 76.00– 72.50 Resistance: 80.30 – 81.80
Nasdaq side has liquidities in the upper region that have not yet been tested. 11822 target may be a reasonable expectation. 4-hour chart is trading above 11525-11535 region, general outlook is positive. Support: 11355 Resistance: 11822 - 12079
BRENT OIL accelerated as it broke through the EMA200 barrier in line with our expectations. It quickly advanced to the SMA500 average resistance. If the price can break through the 86.40 level, it will accelerate. It will try to repair imbalance by going around $88. Support: 85.40 – 84.90 Resistance: 86.40 – 88.00
DAX index 15000 target achieved. Price still looks strong. However, it seems difficult to observe a clear target at this stage. However, if it stays above 15000, it is possible to see the continuation of the movement. Supports: 15108 – 15015 - 14779 Resistances:
Nasdaq lost its momentum. EMA100 support can be followed around 12170. If it passes below this average, we can predict that the price will continue to fall. As long as it remains in the white box, there is a chance for the price to recover. Lower limit 12100 Support: 12100 - 11888 Resistance: 12450 - 12590
DAX side EMA50 on 4-hour charts is now lost. If there is a movement below 12225, caution should be exercised. This is the movement that could trigger further declines. Supports: 15230 - 14920 Resistances: 15380 - 15540
Bitcoin side experienced a 21500 drop. At this level, the price also met with the EMA200 and SMA200 averages. If the area is lost, the decline will continue. Supports: 21500 Resistances: 22360 - 23000
NATGAS side 2.44 is working as a solid support. Despite being tested many times, the price seems to have held. As long as it stays above 2.55, 2.82 could be its first target. Supports: 2.55 – 2.44 Resistances: 2.67 -2.82
EURUSD is in our demand zone. Roughly around 1.065 is an area where the price is likely to find support. As long as it holds around 1.065, we may see upward reactions. Support: 1.065 – 1.0489 Resistance: 1.0752 – 1.082
GBPUSD reacted from a place very close to the 500-period average in the 4-hour view. As long as it stays above 1.20149, it may target the 1.2159 area. Support: 1.20149 – 1.1837 Resistance: 1.2159 – 1.2306
USDJPY parity did not lose imbalances and made an upward breakout. It may test the 135.75 level. The price still continues to trade above the averages in the daily time frame. Supports: 130.50 Resistances: 133.91 – 135.75
Gold gave a sharp break down. However, this sharp decline produced large imbalance gaps. We may see a reaction movement to the 1896-1905 range. All upward momentum was lost. Support: 1860 - 1840 Resistance: 1896 – 1905 - 1920
WTI CRUDE OIL repaired imbalances as expected. There is still an unrepaired price imbalance in the 81.80 region. The price may continue its upward reactions. Roughly, the $82 level can be followed as resistance. Support: 78.20 - 76.00– 72.50 Resistance: 80.30 – 81.80
EURUSD completed the 1.0818 target. If it continues to hold above the level, the level we will watch will be 1.1007. Likewise, it has an unmitigated region within itself. Support: 1.0818 - 1.065 - 1.0489 Resistance: 1.1007
BRENT OIL accelerated as it passed the EMA200 barrier in line with our expectations. It quickly advanced to the SMA500 average resistance. If the price can exceed the 86.40 level, it will accelerate. It will try to repair imbalance by going around $88. Support: 85.40 – 84.90 Resistance: 86.40 – 88.00
GBPUSD parity is seen as resistance at 1.2306 level. It is trading above the moving averages on the 4-hour chart and its direction still looks positive. 1.236 and 1.2445 regions can be followed as targets. Support: 1.2159 - 1.20149 - 1.1837 Resistance: 1.2306 - 1.24450
Nasdaq lost its momentum. EMA100 support can be followed around 12170. If it passes below this average, we can predict that the price will continue to fall. As long as it remains in the white box, there is a chance for the price to recover. Lower limit 12100 Support: 12100 - 11888 Resistance: 12450 - 12590
USDJPY also lost the FVG zones marked with red borders. The price direction seems to be down. Continues weakness below moving averages. FVG zones are likely to act as resistance. Supports: 127.82 – 125.15 Resistances: 126.75 – 125.15
In the 4-Hour Gold chart, we can say that the main defender of the ongoing trend is the EMA21 average. If it falls below this average, it may lose its upward momentum. The current value of EMA21 can be monitored as $1904.5. Support: 1905 – 1883- 1858 Resistance: 1920
WTI CRUDE OIL has broken through the 77.8 level. As long as it stays above this important level, the price may start gaining momentum. The $82 area can be followed as an upside target. Support: 77.8 – 76.40 – 72.49 Resistance: 82
BRENT OIL will be strong as long as it stays above $83 on the 4-hour chart. 87 and 89.40 areas can be followed as bullish targets. Support: 83.10 – 81.80 Resistance: 87.00 – 89.40
Nasdaq side has liquidities in the upper region that have not yet been tested. 11822 target may be a reasonable expectation. 4 Hourly chart is trading above 11525-11535 region, general outlook is positive. Support: 11355 Resistance: 11822 - 12079
DAX index 15000 target achieved. Price still looks strong. However, it seems difficult to observe a clear target at this stage. However, if it stays above 15000, it is possible to see the continuation of the movement. Supports: 15108 – 15015 - 14779 Resistances:
Our targets were achieved on the Bitcoin side. The price closed yesterday above EMA200. The imbalance limit extending to 21554 was completely tested. There is another region above that can be tested around 23 thousand. Supports: 20360 - 19460 Resistances: 21554 - 22800
EURUSD broke its structure in 4-Hour. It lost the green zone, confirming this by breaking the EMA21 average. The EMA50 average just below the price is currently working as an effective support. Support: 1.0765 – 1.065 – 1.0489 Resistance: 1.0818
GBPUSD parity target achieved. 1.2306 level was touched as of today. In the 4-hour view, not all imbalances have been repaired yet, the price may test around 1.2373. Support: 1.2159 - 1.20149 - 1.1837 Resistance: 1.2373 – 1.2445
USDJPY suddenly turned up from the price imbalance zone indicated by the red borders. The imbalance formed on the daily is closing around the level of 132. The price cannot switch to a positive trend in macro terms without going above 133. Supports: 127.82 – 125.15 Resistances: 132.00 – 133.60
Gold side started to lose momentum. 4 Hourly EMA21 level was lost. In the previous average loss, the place where the price returned was the EMA50 average, in the same scenario, the price can be expected to ease to the 1889 region first. Support: 1889 – 1864 - Resistance: 1905 - 1920
WTI CRUDE OIL has broken through the 77.8 level. As long as it stays above this important level, the price may start gaining momentum. The $82 area can be followed as an upside target. Support: 77.8 – 76.40 – 72.49 Resistance: 82
BRENT OIL will be strong as long as it stays above $83 on the 4-hour chart. 87 and 89.40 areas can be followed as bullish targets. Support: 83.10 – 81.80 Resistance: 87.00 – 89.40
Nasdaq side has liquidities in the upper region that have not yet been tested. 11822 target may be a reasonable expectation. 4 Hourly chart is trading above 11525-11535 region, general outlook is positive. Support: 11355 Resistance: 11822 - 12079
DAX index achieved 15000 target. The price stubbornly continued to climb upwards. A decline may be triggered after the loss of the 4-hour EMA21 average. The current EMA21 support value stands out as 15121. Supports: 15173 – 15121 - 14932 Resistances: 15270
EURUSD broke its structure in 4-Hour. It lost the green zone, confirming this by breaking the EMA21 average. The EMA50 average just below the price is currently working as an effective support. Support: 1.0765 – 1.065 – 1.0489 Resistance: 1.0818
GBPUSD parity also tested the area expressed in orange borders in the upper region. The horizontal level of 1.2306 can be followed as support. Support: 1.2317 – 1.2306 – 1.2279 Resistance: 1.2445
USDJPY suddenly turned up from the price imbalance zone indicated by the red borders. The imbalance formed on the daily is closing around the level of 132. The price cannot switch to a positive trend in macro terms without going above 133. Supports: 127.82 – 125.15 Resistances: 132.00 – 133.60
Gold side started to lose momentum. 4 EMA21 level was lost on hourly. In the previous average loss, the place where the price returned was the EMA50 average, in the same scenario, the price can be observed to ease to the 1893 area. Support: 1889 – 1868 Resistance: 1905 - 1920
WTI CRUDE OIL completed our uptrend target by testing $82. The decline in the EMA200 average slowed down in the 4-hour chart. It may ease below $78 to around 76.40. Support: 78.20 – 76.40 Resistance: 82.01 -
BRENT OIL made a sharp turn from the $87 target. If it cannot hold around 83.50, it can be watched to fill the untested imbalances in the $80 region. Support: 83.50 – 82.50 Resistance: 87.00 – 89.40
Nasdaq was exposed to selling in the extended imbalance region from the left side. It broke its 21-day average and disrupted the market structure. 11355 region can be followed as support. Support: 11355 Resistance: 11822 - 12079
EURUSD was defended by the EMA50 average in 4-Hours. Despite being tested more than once, it did not break down. 1.0872 can be followed as intermediate resistance. Support: 1.08156 – 1.0785 Resistance: 1.0872 – 1.1007
GBPUSD parity also tested the area expressed in orange borders in the upper region. The horizontal level of 1.2306 can be followed as support. Support: 1.2356 – 1.2306 – 1.2247 Resistance: 1.2445
Gold broke the 1920 resistance this time. There is a daily imbalance at the 1968 dollar level. We can watch the new target of the price as 1968. The direction is still up on the moving averages. Support: 1920 – 1914 - 1899 Resistance: 1939 - 1968
WTI CRUDE OIL found support at the 200-period average as mentioned yesterday and returned up from the $78 band. The 81.60-82.00 band can be followed as resistance. Support: 78.30 – 76.40 Resistance: 81.60 – 82.01
BRENT OIL has turned from the EMA50 average in 4H charts. The price has headed towards the resistance zone again. 87.00-87.50 can be followed as a supply area. If it is exceeded, 89.40 just above it will be the target. Support: 85.30 – 84.20 – 83.60 Resistance: 87.00 – 89.40
Nasdaq side 11300 seems important. 100 and 200 period averages pass through this area in 4H charts. It was tested 3 times yesterday and did not break. If it breaks, we can see a decline to around 11000~. 11355 is the nearest resistance. Support: 11300 – 11200 – 11000 Resistance: 11355 - 11525
The correction we mentioned a few days ago occurred on the DAX side. There was a 2.40% decrease from the peak. 14975 works as EMA50 support. If it is lost, the decline will deepen. Supports: 14975 - 14761 Resistances: 15060 - 15140
Bitcoin continues its sideways movement. 20360 has not been breached. 20360 is now both sideways and the EMA50 average, so we will follow this average as a major support. Supports: 20360 - 19460 Resistances: 21554 - 22800
EURUSD caused a price gap with the opening of the week. This gap may be closed with the price visiting around 1.0855. We may see an upward trend again after the gap retracement during the day. Support: 1.0855 – 1.0818 Resistance: 1.1007
GBPUSD Our major resistance level has been reached in the parity. An effective supply zone that had an effect on the price before 1.2445 and reversed the trend direction in the short term. The price is still moving positively above the averages in the 4-hour view. Support: 1.2388 – 1.2355 – 1.2306 Resistance: 1.2445
USDJPY parity did not lose its imbalance zones. On the contrary, it gathered strength and accelerated. It is possible that it will move towards the imbalance limit that remains open towards the level of 132.06. Supports: 127.82 – 125.15 Resistances: 132.06 – 133.60
USDTRY technically the direction is up. Although no major momentum is observed in the price, an upward movement above the averages is observed. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
Gold maintains its positive trend. It is moving positively above 1920. It is moving above the averages in the 4-hour view. As long as it maintains the trend above EMA21 in the 4-hour view, it is likely to continue its rise towards the 1968 region. Support: 1920 – 1905 - 1881 Resistance: 1939 - 1968
WTI On the CRUDE OIL side, the 81.60 – 82.00 area is an important resistance. The 500-period average is positioned here in the 4-Hour view. Judging by the reactions of the price, it works as a strong resistance. If this white average is exceeded, it is expected to rise to around 86.55. Support: 81.16 – 78.51 Resistance: 81.60 – 82.01
BRENT OIL is stuck at the 500-period average on 4H charts. 87.00 - 87.50 corresponds to this area. If it can exceed this area and close above it, the 89.40 and 91.90 areas should be followed as uptrend targets. Support: 86.90 - 86.20 - 83.90 Resistance: 87.00 - 87.50 - 89.40 - 91.90
Nasdaq side still looks strong. The accelerated increases on Friday created imbalances in the price. After these imbalances are repaired, we can see that 11690 and 11860 liquidities are taken. Support: 11494 – 11464 - 11310 Resistance: 11690 - 11860
There are imbalances that need to be tested on the DAX side. These are the areas marked with pink borders on the chart. Intraday short transactions can be sought with the breakout in the lower timeframes in the 15140 region. Supports: 15067 - 14993 Resistances: 15140 -
Bitcoin has reached our target level of 23100. We are following the price with 4-hour charts. It gave a perfect test to the EMA21 average 2 candles ago, we will continue to see the price positive on this average. Supports: 22350 – 21470 - 20282 Resistances: 23100 -
The level that catches our eye on the USDJPY side is 135.75. This level is the upper limit of the price imbalance that occurs during the sharp decline. It acts as a magnet that the price is attracted to. Although the price has lost some momentum, it is still trading above the EMA21 average in the 4-Hour view. There is no change in the price target. Support: 134.09 - 133.25 - 132.17 Resistance: 135.75 - 137.50
The reaction on the DAX side continued to the 15270 band. The reactions that came due to the downward market structure, after filling the imbalances, turn into a downward movement again. The price is trying to find support from the 14850 level, which is the SMA500 average on the 4-Hour chart. If 14850 is lost, the decline is expected to continue. Support: 14850 - 14710 Resistance: 15130 - 15210
We continue to observe abnormal movements in the Dollar/Turkish Lira parity. The price is moving steadily upwards, but the momentum of this progress is very weak. As can be seen, the moving averages indexed to the price continue to move upwards. The price has never closed below the 50-day exponential average for a very long time. The current value of this average is 18.73. It is indicated in red on the chart. Support: 18.73 – 18.59 – 18.40 Resistance: 19.00 – 20.00
Ounce gold regained the 1833 level. We can consider the downward pricing as a violation. As long as the price remains above 1833, it is likely to produce upward reactions. It can test the imbalance marked with yellow borders in the 4-hour period, and 1851 and 1872 can be followed as reaction targets. Support: 1833 - 1800 Resistance: 1851 - 1872
WTI CRUDE Oil fell to 76.40 in line with the decline expectations we shared before. Although upward reactions are observed in the price, we will not expect an upward trend in oil unless the settlement condition above $78 is met. If 76.40 is lost again, declines to around 72.50-73.00 may continue. Support: 76.40 Resistance: 77.15 - 80.15 - 82.00
BRENT Oil had lost its rising bottom form. In line with our expectations, it fell to 82.60. Buyers who stepped in the region could not carry the price above the averages. The momentum was cut again and the price was pulled back to 82.60. If the region is lost, declines towards 77.70 may continue. Support: 82.60 - 77.70 Resistance: 84.40 - 86.15 - 88.09
We can say that the wide white price imbalance area we previously identified on the Nasdaq side is still active. The price tested the center of the box last week and moved up again. We see that the price returned to the box at the beginning of the week. As long as the box is not lost, the price may move up again. There is no significant deterioration in the upper time frames yet. Support: 12310 - 12100 Resistance: 12490 - 12730 - 12880
DAX continues to move above averages on the 4-Hour view. Although it tested EMA100 on February 17, it did not close below it, it moved up by finding support. As long as the price continues to close above this average, its momentum will continue to be upwards. Support: 15447 - 15355 Resistance: 15540 - 15630 - 15655
Bitcoin 4-Hour view gives the idea that it can start an accelerated movement. In the near term, after the upward breakout, we can see it move quickly to around 26500. 24600 can be determined as a stop. The price is still in line with the movement averages. Support: 24798 - 24607 Resistance: 26500 - 27450
EURUSD parity showed an upward trend as expected. It reached the 1.0663 region where the averages converged. It seems quite difficult for the price to get past these obstacles in a single attempt under normal conditions. Selling pressure may come to the fore again in the near term. Support: 1.0563 – 1.049 - Resistance: 1.0663 - 1.075 – 1.08
Natural Gas had moved below 2.44 and we had made our bearish warning. Indeed, the bearish target we had given was also realized. The price was pulled back to 2.26. There is a possible demand area between 1.96-2.18, so the price's behavior in this area should be monitored. In this way, a more secure view can be provided. Support: 2.18 - 1.95 Resistance: 2.26 - 2.44 - 2.67
GBPUSD parity reached the supply zone again after correction. We attach importance to the 1.2182 level. If the price overcomes this barrier and closes above it, 1.227 and 1.2306 will be sequential uptrend targets. Support: 1.2127 – 1.2068 Resistance: 1.2182 – 1.227 – 1.2306
There is a clear weakness in the daily outlook of the USDJPY parity. The risk of selling increases due to remaining below the 200-day exponential average. The resistance created by this average corresponds to the 134.07 band. Support: 132.28 – 129.83 Resistance: 134.07 – 135.14
Ounce gold maintained its momentum-based upward wave as expected. It quickly tested $1909 above $1890. It remained above the 1909 horizontal and reached 1920 again. This time, close monitoring can be monitored over 1909. Our final target is expected to be 1943 above 1909. Support: 1920 - 1909 Resistance: 1943 -
EURUSD seems to insist on holding on to the 1.065 area. There is a flow that will seriously affect the parity today. If the German CPI, which will be announced at 10:00, exceeds expectations, it will move the parity up. In the opposite case, we can see a rapid decline to around 1.05. Support: 1.065 - 1.0489 Resistance: 1.0738 - 1.082
GBPUSD While holding at 1.20149, we mentioned the potential to target imbalances on the upper side. Indeed, these price imbalances have been reached. If the parity can settle above 1.2159, it is possible that we will see the continuation of the increases. 1.2137 can be followed as EMA200 resistance. Support: 1.20149 – 1.184 Resistance: 1.2137 - 1.2159 – 1.2306
EURUSD parity has tested the 1.0727 level that we monitor as the imbalance limit. Price momentum seems to have decreased after the test. The parity will remain strong as long as it is traded above 1.0663. As long as it holds on to the averages, it can target 1.082 liquidity. Support: 1.0663 - Resistance: 1.0727 – 1.082
The level we noticed on the USDJPY side was revised to 135.50. We believe that there is no harm in taking profits earlier, as the average has been decreasing over time. Following the 22:00 FOMC minutes today, there may be sharp movements in the parity. Support: 134.68 - 134.44 - 133.60 Resistance: 135.50 - 137.50
We have mentioned the positive trend in the GBPUSD parity. The first of the two levels we have shown as short-term targets, the level of 1.227, was reached in a short time. The price is still maintaining its momentum. As long as the parity remains above 1.2182, its upward trend will continue. Support: 1.2182 – 1.2135 Resistance: 1.227 – 1.2306
Ounce gold regained the 1833 level. We can consider the downward pricing as a violation. As long as the price remains above 1833, it is likely to produce upward reactions. It may test the imbalance marked with yellow borders in the 4-hour period. As of the 22:00 FOMC meeting minutes, we can also see sharp movements on the ounce gold side. 1851 and 1872 can be followed as reaction targets. Support: 1833 - 1800 Resistance: 1851 - 1872
WTI CRUDE Oil fell to 76.40 in line with the decline expectations we shared before. The weakness in price continues. The 76.40 level has been rejected once again. Falls may continue to the 72.50-73.00 range. Support: 72.50 Resistance: 76.40 - 77.15 - 80.15
USDJPY has exhausted its upward momentum along with the loss of strength in the dollar index. The price had already lost the 200-day exponential average demand zone. As of Friday, the horizontal support of 132.28 was also breached. The negative trend in the parity continues. It is possible to test the 129.80 band. Support: 129.80 Resistance: 134.07 – 134.87
BRENT Oil had lost its rising bottom form. In line with our expectations, it fell to 82.60. Buyers who stepped in the region could not carry the price above the averages. The momentum was cut again and the price was pulled back to 82.60. The region seems to have been lost. The price may continue to decline towards the 78 band. Support: 77.70 Resistance: 82.60 - 84.40 - 86.15
On the ounce gold side, the $1998 test was also realized. The price could not close above the level for 4 hours and went into correction again. In the 4-hour time frame, it is seen that the price continues to rise by getting strength from the EMA10 average. The current value of the average is $1973 and is expressed in purple. As long as the price continues to trade above this average, the positive trend will continue. Support: 1973 - 1956 Resistance: 1998 - 2021
Nasdaq 4-Hour chart EMA200 came to the average support and recognized this average. Buyers emerged at this average level. Long transactions can be sought from these levels, provided that the stop is made below the average. Support: 12061 - 11948 Resistance: 12490 - 12730 - 12880
WTI On the CRUDE Oil side, the 200-week simple moving average seems to be recognized by the price. The 66.20 level is the current value of the mentioned average. As long as it remains above, we can watch upward reactions. Just below, there is another average that can create demand passing through 63.93. Support: 66.20 – 63.93 Resistance: 73.00
DAX If the closing is below 11359 in the 4-hour view, we may experience a similar decline to that experienced in Nasdaq. If the blue average is broken, 11225 will be the first decline target. The German CPI to be announced at 10:00 will bring accelerated movements to the index. Support: 15359 - 15225 Resistance: 15540 - 15630 - 15655
Nasdaq has a positive outlook. The progress on averages continues. 4-Hour EMA20 was the place where the last correction was balanced. The weakness in the dollar index continues. This also carries the index futures up. 12730 can be followed as an uptrend target. Support: 12466 - 12295 Resistance: 12730 - 12880
Bitcoin took the upper liquidities, could not make a new high and is correcting. It is necessary not to be in a hurry for longs. The price can be pulled to the cheap fleet levels of the last acceleration wave, i.e. around 23000. Support: 23910 - 23500 - 23000 Resistance: 24150 - 24440
On the DAX side, buyers created demand where the 500 and 100-day averages met. The price may continue to react a little more. However, technically, American indices have a more bullish outlook than the DAX. Support: 14740 - 14660 Resistance: 15110 - 15200
Natural Gas had moved below 2.44 and we had made our bearish warning. Indeed, the bearish target we had given was also realized. The price was pulled back to 2.26. There is a possible demand area between 1.96-2.18, so the price's behavior in this area should be monitored. In this way, a more secure view can be provided. Support: 2.18 - 1.95 Resistance: 2.26 - 2.44 - 2.67
Bitcoin continues to be positive. The upward momentum is maintained in the 4-hour view. All of our target levels specified on our chart have been reached. The horizontal of 28030 has been tested. It seems possible for the price to approach its 500-day average and reach roughly the 30,000 level. Support: 27370 - 26800 - 25300 Resistance: 28400 - 30000
EURUSD has now clearly lost the 1.065 area. When we look at the daily view, we see the loss of the 21-day exponential average. We should state that the downside is more dominant in the parity. 16:30 Unemployment Benefit Applications are important. If it comes below expectations, the parity will continue to fall. Support: 1.0489 - 1.0406 Resistance: 1.065 - 1.0738 - 1.082
GBPUSD seems to have recognized the white 500 simple average. The current value of the average can be followed as 1.2045. Price imbalances were also repaired with the increases. If the parity loses 1.2045, it is likely that the decline will continue. It is more likely to fall to around 1.1840 rather than 1.2015. Support: 1.2015 – 1.1840 Resistance: 1.2137 - 1.2159 – 1.2306
The level we noticed on the USDJPY side was revised to 135.50. We believe that there is no harm in taking profits earlier, as the average has been decreasing over time. The 16:30 Unemployment Rights Data will affect the parity. If it comes below my expectations, the 135.50 target should come quickly. Support: 134.58 - 133.81 Resistance: 135.50 - 137.50
Ounce gold lost the 1833 level. However, buyers came again from the optimum entry level of the last wave. Those who still want to try an upward transaction can act with the 1823 stop. 16:30 Unemployment Rights data will be effective on pricing. Support: 1823 - 1800 Resistance: 1851 - 1872
WTI CRUDE Oil fell to 76.40 in line with the decline expectations we shared before. The weakness in price continues. The 76.40 level has been rejected once again. Falls may continue to the 72.50-73.00 range. Support: 72.50 Resistance: 76.40 - 77.15 - 80.15
Nasdaq 4-Hour chart EMA200 came to the average support and recognized this average. Buyers emerged at this average level. In line with our expectations, no closing was made under this average and the price moved again from here. 16:30 Unemployment Benefits Applications will also affect the index futures. Support: 12061 - 11948 Resistance: 12490 - 12730 - 12880
DAX Although it broke down on the 4-hour chart, it applied this as liquidity cleaning and quickly jumped up. We are trading above the averages in the 4-hour time frame. 15427 can be considered as support. The European CPI to be announced at 13:00 may bring accelerated movements to the index Support: 15428 - 15364 Resistance: 15500 - 15630 - 15655
On the Natural Gas side, an upward movement can be attempted by placing orders in the 2.10-2.20 range. An accelerated movement has arrived. It may start a new trend. The 1.96 level can also be accepted as a stop. If the price does not break the EMA10 average, it may continue to rise rapidly without falling below 2.20. Support: 2.20 - 2.10 Resistance: 2.26 - 2.44 - 2.67
Our target was achieved in the EURUSD parity. 1.082 was exceeded with great momentum. The price continues to maintain its upward momentum. Expansion to the supply zone, roughly 1.10, may continue Support: 1.082 - Resistance: 1.10
GBPUSD pair has held above moving averages and our short-term upside targets have been achieved. As long as the price remains above 1.2247, it may move towards 1.2445. 15:00 BoE Interest rate decision will have an impact on the pair. Support: 1.2306 - 1.2277 - 1.2182 Resistance: 1.2445
EURUSD has now clearly lost the 1.065 area. When we look at the daily view, we see the loss of the 21-day exponential average. We should state that the downside is more dominant in the parity. 16:30 Core Consumption Expenditures and 18:00 New Home Sales data will have an impact on the parity. Support: 1.0489 - 1.0406 Resistance: 1.065 - 1.0738 - 1.082
USDJPY has exhausted its upward momentum along with the loss of strength in the dollar index. The price had already lost the 200-day exponential average demand zone. As of Friday, the horizontal support of 132.28 was also breached. The negative trend in the parity continues. It is possible to test the 129.80 band. Support: 129.80 Resistance: 134.07 – 134.87
GBPUSD seems to have recognized the white 500 simple average. The current value of the average can be followed as 1.2045. Price imbalances were also repaired with the increases. If the parity loses 1.2045, it is likely that the decline will continue. It is more likely to fall to around 1.1840 rather than 1.2015. Support: 1.2015 – 1.1840 Resistance: 1.2137 - 1.2159 – 1.2306
Ounce gold is positive as long as it remains above the blue limited box indicated in the chart. 1952 and 1934 can be followed as sequential supports. It gained a positive outlook by jumping over the 4-Hour averages again. An increase to the 1998 and 2021 levels can be experienced again. Support: 1952 - 1934 Resistance: 1998 - 2021
On the USDJPY side, the value of the white average was pulled down with time. It almost met with the average yesterday. Then came a sharp decline. If the 4-hour closing remains below 134.69, we can see the price continue to decline. At first, we can see a relaxation around 134. This is the EMA50 average in the 4-hour period. Support: 134.69 - 134.00 Resistance: 135.32
WTI On the CRUDE Oil side, a nice holding effort is observed in the 4-Hour. If it can stay above 69.50, we can see the 71.50 test in the short term. If it closes below the purple average, this expectation will be canceled. Support: 69.50 - 69.08 Resistance: 71.50 - 73.00
Ounce gold once again made a lower bottom. When we look at the upper time frames, we see that the price has reached the 100-day exponential average area. 1819 can be considered as support. If we see a day close below this level, we will wait for the 1802-1806 area. Support: 1823 - 1800 Resistance: 1851 - 1872
BRENT Despite the deep decline, oil is showing a recovery trend in 4-hours. If it can hold above 75.30, it can test 77.70 in the short term. If it closes below the purple average, this expectation will be canceled. Support: 75.30 - 74.94 Resistance: 77.70
On the Nasdaq side, the last resistance level we mentioned in the previous analysis was 12880. The deep sales after the Fed negatively affected the market. Reactions are currently being observed. These reactions may continue until the 12700 band. The outlook is not clear. Support: 12700 Resistance: 12615 - 12465
WTI CRUDE Oil has been rising since yesterday. The area we expected to fall was around $73, but it turned up without falling to this level. As long as it does not settle above 76.40, it will not have made an upward market breakout and the direction will still continue to be downward. Support: 72.50 Resistance: 76.40 - 77.15 - 80.15
Bitcoin has abandoned its hold on EMA20 after the FED and the rule that has been followed for a long time has been violated. For this reason, we have stopped giving an aggressive upward target. It may test 28000 in order to repair the imbalance. Support: 26660 - 25380 Resistance: 28000 - 29000
BRENT Oil has been on the rise since yesterday. It rose to 82.60 horizontal again. The level has not been exceeded yet, the market structure is not yet considered to have turned upwards. Moreover, there is trend liquidity accumulated in the lower regions, there is still a possibility that the price will be driven down sharply. Support: 77.70 Resistance: 82.60 - 84.40 - 86.15
Nasdaq 4-Hour chart EMA200 came to the average support and recognized this average. Buyers emerged at this average level. These two averages can be followed as support. Their current values are 12070 and 12020. As long as the price stays above them, it should show upward movements. Support: 12070 - 12020 Resistance: 12260 - 12280 - 12490
DAX Although it broke down on the 4-hour chart, it applied this as liquidity cleaning and quickly jumped up. We are trading above the averages in the 4-hour time frame. 15465 can be considered as support. Support: 15465 - 15380 Resistance: 15500 - 15630 - 15655
Bitcoin took the upper liquids, could not make a new high and is correcting. It is necessary not to be in a hurry for longs. The price can be pulled to the cheap fleet levels of the last acceleration wave, i.e. around 23000. Support: 23910 - 23630 Resistance: 24150 - 24440
European Union (EU) Commission President Ursula von der Leyen said that the 11th package prepared for Russia will include new elements to prevent sanctions from being circumvented or bypassed. Von der Leyen and EU Council President Charles Michel held a press conference at the end of the first day of the EU Leaders’ Summit in Brussels. Drawing attention to the fact that sanctions circumvention and gaps in existing sanctions were becoming an increasingly serious situation, von der Leyen said, “When we impose sanctions, the other side tries every way to avoid and undermine the sanctions.” Von der Leyen pointed out that the 10th package most recently adopted against Russia included various elements that strengthen the implementation of existing sanctions, eliminate gaps and prevent their being circumvented. Explaining that the EU has appointed a representative on sanctions and that this person meets with countries where sanctions are observed to be violated, von der Leyen emphasized that they are also working intensively with G7 countries to ensure harmonization and share information on preventing sanctions violations. Von der Leyen reminded that the EU’s 10th sanctions package introduced the possibility of listing individuals, companies or organizations in third countries that violate the measures in question. Pointing out that they have taken various measures against violations of the sanctions, von der Leyen said, “These measures are definitely not sufficient. Therefore, the 11th sanctions package will mainly deal with the problem of how to prevent circumvention of the sanctions.” Drawing attention to the fact that the important topic at the meeting was the competitiveness of the economy and industry, von der Leyen said that global competition has become very strong. Stating that “the EU still has work to do to develop its own clean technology industry,” von der Leyen reminded that they have prepared a Green Deal Industrial Plan on this subject. Recalling that they prepared the net zero industry and critical raw materials bills two weeks ago, von der Leyen stated that the European Parliament (EP) and member states should act quickly for these laws to come into force. Emphasizing the importance of quickly getting rid of the current barriers in the EU market, von der Leyen explained that they need to deepen the capital markets union and complete the banking union. Von der Leyen said, “We need major public investments in infrastructure and cutting-edge projects. This also requires sustainable public financing.” R&D spending should increase Drawing attention to the importance of increasing R&D spending in EU countries, von der Leyen explained that the key to success is innovation and that although the EU set a target of investing 3 percent of GDP in R&D 20 years ago, this rate remained at 2.3 percent, while competitors were spending much higher. Preparations to ease bureaucracy EU Council President Michel also stated that they held a comprehensive discussion on competitiveness, the single market, and energy issues, and said that the leaders committed to working together to ease the administrative burden, facilitate initiatives, speed up procedures, and move forward with smart rules and regulations in order for Europe to be more competitive. “In order to successfully complete the digital and green transformation, we also need to be more ambitious in investments in innovation.” Michel said, emphasizing that they need to mobilize private capital to support this. The US provides significant incentives for strategic investments with its inflation reduction law. The EU is concerned that European manufacturers will lose their competitive advantage in the face of incentives and support in countries such as the US and China, and is trying to take precautions in this area.
On the Natural Gas side, we stated that orders could be placed in the 2.10-2.20 range and an upward movement could be caught. Indeed, this range was visited and the price moved upward rapidly. The price can be expected to reach the imbalance limit around 2.50. Support: 2.20 - 2.10 Resistance: 2.50 - 2.67
EURUSD The average we follow has broken down. 4-Hour closings are being made below the 500-period average expressed in white. It seems more likely that the price will continue its downward-oriented movement. The 1.049 region stands out as the demand region where the price is expected to retreat first. The market structure indicates a negative trend. Support: 1.049 Resistance: 1.0563 - 1.065 - 1.0738
On the GBPUSD side, we can say that the 500-period average was lost in the 4-Hour view. The market structure is broken, the general direction of the price seems to be down. A pullback towards the 1.1837 region would not be surprising. Support: 1.1837 Resistance: 1.2015 - 1.2159 – 1.2306
Ounce gold has almost reached our target area for decline. We can say that it is very close to touching the 200-day exponential average area. The price may find strength again in the 1802-1806 area. If 1802 is lost, we may see the decline deepen to around 1776. Support: 1806 – 1802 - 1776 Resistance: 1819 - 1833
WTI We started to see weakness again on the CRUDE Oil side. It could not close above 76.40 in the 4-hour view. This horizontal level was an area we considered important as support/resistance. If the price cannot settle above the moving averages again, we will expect it to test the $73 levels once again. Support: 75.50 – 74.00 – 72.50 Resistance: 76.40 - 80.15 – 82.00
BRENT If we cannot settle above $83 in petro, we will see a more likely continuation of the decline. $83 is an important horizontal separator level. If the price cannot settle above the moving averages, we can expect it to pull back towards the $78 band. Support: 82.00 – 77.70 Resistance: 83.00 - 86.15 – 88.09
Nasdaq lost 200 averages in the 4-hour view. The price got support from 11897, this was the 200-day simple average support. If the price cannot settle above 12060, we will expect the decline to continue. The market structure is still moving downward. Support: 11897 - 11650 Resistance: 12047 – 12060 - 12093
DAX showed a sharp decline to the 15225 horizontal. The price closing below this horizontal for 4 hours can now reverse everything in the index. 200-period averages have also overlapped in the region of this horizontal. Create large liquidity gaps in the upper region. We can see a test of 15400 in the price. Support: 15225 - 15185 Resistance: 15400 - 15429 - 15520
EURUSD showed rapid increases yesterday along with the weakening of the dollar index. The level where the price turned upwards was also the 200-day exponential average region. While the price has retreated this much, it seems quite likely that it will test the BPR limit at 1.0576. Support: 1.0576 – 1.049 Resistance: 1.065 - 1.0738
GBPUSD also tested the 500-period average again. The average acts as a resistance. The upper limit of the BPR area that the price left open after falling sharply and then rising appears to be 1.2000. There seems to be a high probability that the pullback will continue here. Support: 1.2000 - 1.1837 Resistance: 1.2062 - 1.2159 - 1.2306
USDJPY The target level of 135.75 that we have been following for a while has been successfully completed. The price imbalance zone has been repaired. Despite the correction of the dollar index, the parity still maintains its upward momentum. 4-Hour EMA10 and EMA20 averages can be followed. As long as they are maintained, the strong upward trend will continue. Support: 135.32 – 134.46 – 132.80 Resistance: 136.69 – 137.50
On the ounce gold side, the 1802-1806 area, which we expected a decline, was reached. The price reacted from here and repaired the 1819 imbalance. We believe that the negative trend will continue unless it can rise above 1819. Support: 1806 – 1802 - 1776 Resistance: 1819 - 1833
WTI We started to see weakness again on the CRUDE Oil side. It could not close above 76.40 in the 4-hour view. This horizontal level was an area we considered important as support/resistance. If the price cannot settle above the moving averages again, we will expect it to test the $73 levels once again. Support: 75.50 – 74.00 – 72.50 Resistance: 76.40 - 80.15 – 82.00
BRENT If we cannot settle above $83 in petro, we will see a more likely continuation of the decline. $83 is an important horizontal separator level. If the price cannot settle above the moving averages, we can expect it to pull back towards the $78 band. Support: 82.00 – 77.70 Resistance: 83.00 - 86.15 – 88.09
Nasdaq rose quite rapidly yesterday and completely filled the imbalance at 12136. The price's short-term reaction target has been completed. If it cannot hold above 12066, we can expect the decline to continue. It may target the imbalance at 12020 in the first place. Support: 12020 - 11897 - 11650 Resistance: 12136 - 12257
DAX side, the expected 15400 test has been realized. Some of the large imbalance gaps have been repaired. Since the price is still moving above the 200-period exponential and simple averages, it does not seem logical to approach the index with a completely bearish attitude. However, if we see closings below these orange averages, our expectation will be new lows. Support: 15280 - 15200 Resistance: 15400 - 15520
Bitcoin tested 23760 as expected. Its momentum weakened as a result of the strong sales that followed. The average passing through 22900 is important for us, if it is lost, we can watch the decline continue. We are in a phase where uncertainty and risk are high for taking a trade. Support: 23265 - 22900 Resistance: 23760 - 23910
EURUSD side, the BPR, purple font box test that we mentioned yesterday was carried out flawlessly. The price is trying to accelerate upwards again from here. 1.0576 can still be considered as an active support. 16:00 Germany CPI will be effective on the parity. If it comes above expectations, it can move the parity up faster. Support: 1.0576 – 1.049 Resistance: 1.065 - 1.0738
GBPUSD side has started an upward reaction movement before the BPR box has arrived. 1.2015 was an effective level that we have used many times before. There is a speech by the Bank of England president at 13:10. The details to be shared will be effective on the parity. Support: 1.2015 - 1.2000 Resistance: 1.2069 - 1.2182 – 1.2306
USDJPY side, the final uptrend target we are following, 136.69 level, was reached. Serious sales occurred afterwards. 4 On the hourly chart, EMA10 and EMA20 were also broken. The price may repair the imbalance by testing 136.60 again. Then it may continue to fall. It is necessary not to rush to take an upward trade. Support: 136.25 – 136.00 – 135.17 Resistance: 136.60 – 136.70
On the ounce gold side, a serious buyer movement emerged from the 1806-1802 region, which we have previously mentioned. The price was driven up to $1831. I see a possible test of 1833.6 as a close target. On the other hand, the 1847 level can be followed as another target. Support: 1820 - 1806 Resistance: 1833 - 1847
WTI CRUDE Oil balanced the correction of its rapid movement yesterday around 76.40. This horizontal level was also working as a support/resistance line that we care about before. The price may rise to $79 after exceeding the 77.50 average resistance. 18:30 Crude Oil stocks data will affect pricing. Transactions before the data can be abandoned to protect against volatility. Support: 76.95 – 76.40 – 73.00 Resistance: 77.50 – 78.17 – 79.00
BRENT Petrode gave a pullback to this level after rapidly rising above $83. Then it jumped back up. Price is about to break above the 200-period exponential moving average resistance. It seems likely to target around $85. 18:30 Crude oil stock data will bring an accelerated movement to the price. Support: 83.75 – 83.00 - Resistance: 84.45 – 85.00
On the Nasdaq side, the 12136 level was once again a significant obstacle for the price. It dropped the price below the averages again. We may see these saw movements continue for a while. There are still averages that act as support in the daily time frame. Support: 11980 - 11897 Resistance: 12136 - 12220
DAX side has tested 15400 as expected. Some of the large imbalance gaps have been repaired. Since the price is still moving above the 200-period exponential and simple averages, it does not seem logical to approach the index with a completely bearish bias. However, if we see closings below these orange averages, we will expect new lows. Support: 15290 - 15210 Resistance: 15400 - 15520
Natural Gas Our 2.67 target has been achieved as of today.; The price still seems to be trending upwards. It has been showing a regular increase on the moving averages in the 4-Hour view since February 23. If the averages can be maintained, we can see the tests of 2.82 and 2.95 respectively. The 2.67 resistance seems to have been overcome and flipped, the view is still positive. Support: 2.67 - 2.58 – 2.50 Resistance: 2.82 – 2.95
EURUSD side realized the rise we expected. Our supply zone which was seen as 1.065 was tested. Price seems to have recognized the EMA200 average resistance in the 4-hour view. If it can hold above 1.063, we can see the continuation of the rise. 16:30 Unemployment Rights data will be followed with importance. Support: 1.063 – 1.0576 Resistance: 1.065 - 1.0738
GBPUSD continues to be weak. The price has moved below the 1.2015 horizontal level again. As long as it remains below this level, we will have bearish expectations. The 1.1837 level has not been tested recently. If the dollar index strengthens enough, we may see this decline. 16:30 Unemployment Claims data will be closely monitored. Support: 1.1925 - Resistance: 1.2015 – 1.2182
USDJPY continues to stubbornly rise. 137.24 could be its next target. The 200-day simple average resistance is exactly passing through this level. Support: 136.69 – 136.15 Resistance: 137.24
Ounce gold approached the 1846 region in line with our expectations. The price turned down again with only 1 dollar left to the target. If it can be held by the averages around 1930, the positive trend may continue. Otherwise, it will target the 1820 imbalance. 16:30 Unemployment Rights data will be closely monitored. Support: 1820 - 1806 Resistance: 1833 - 1847
WTI Crude Oil stabilized its correction of its rapid movement yesterday around 76.40. This horizontal level was previously working as a support/resistance line that we care about. The price may rise to $78.9 after exceeding the average resistance of 77.50. Support: 76.95 – 76.40 – 73.00 Resistance: 78.00 – 79.00
BRENT Petrode gave a pullback to the $83 level after rapidly rising above it. Then it jumped back up. The price is about to break above the 200-period exponential moving average resistance. It is likely to target the $84.9 level. Support: 83.75 – 83.00 - Resistance: 84.45 – 85.00
Nasdaq lost 11897 horizontal. We perceive this as negative. A new low was made this way. There is an existing imbalance box like 11550 below. The price may pull back towards this level. The 100 daily average is 11865, if it closes the day below here, we will wait around 11550. Support: 11865 - 11550 Resistance: 11900 - 11970
On the DAX side, the expected 11520 test did not occur. With the heavy sales, the price was pulled back to the major support area. If 15225 is lost, we believe that the downward momentum in the price will increase and there will be severe losses. Support: 15225 - 15000 Resistance: 15470 - 15520
Bitcoin tested 23760 as expected. Its momentum weakened as a result of the strong sales that followed. The average passing through 22980 is important for us, if it is lost, we can watch the decline continue. We are in a phase where uncertainty and risk are high for taking a trade. Support: 23290 - 22980 Resistance: 23760 - 23910
Natural Gas Our 2.67 target has been achieved as of today.; The price still seems to be trending upwards. It has been showing a regular increase on the moving averages in the 4-Hour view since February 23. If the averages can be maintained, we can see the tests of 2.82 and 2.95 respectively. The 2.67 resistance seems to have been overcome and flipped, the view is still positive. Support: 2.67 - 2.58 – 2.50 Resistance: 2.82 – 2.95
EURUSD The previously determined zones continue to maintain their functionality. The upper limit of the BPR area, which was the previous reversal zone of the price, started an upward movement again. If the 18:00 ISM comes below expectations, it may move the price to an upper zone again. Support: 1.060 - 1.0576 Resistance: 1.0637 - 1.065 - 1.0738
GBPUSD side will be effective today at 12:30 Composite PMI and Services Purchasing Managers Index (PMI) data. The price closing below 1.1920 will trigger the continuation of the decline. This level is also the level where the 200-day simple average passed. Support: 1.1920 - 1.1837 Resistance: 1.2015 - 1.2182
USDJPY continues to rise stubbornly. 137.24 may be its next target. The 200-day simple average resistance passes exactly this level. EMA20 and EMA50 levels can be followed in the lower region. We can determine the strength of the trend by the location of the price relative to these averages. Support: 136.38 – 135.69 Resistance: 137.24
Ounce gold approached the 1846 region in line with our expectations. The price had turned down again with only 1 dollar left to the target. The price was held by the averages around 1930 and gained upward momentum. This time, its target definitely seems to be the liquidities around 1846. 18:00 ISM will also have an effect on the ounce. Support: 1836 - 1831 Resistance: 1842 – 1846 - 1851
WTI Crude Oil stabilized its correction of its rapid movement yesterday around 76.40. This horizontal level was previously working as a support/resistance line that we care about. The price may rise to $78.8 after exceeding the 78.10 average resistance. Support: 77.50 – 77.08 – 76.40 Resistance: 78.00 – 78.80
BRENT Our expectation for an increase of 84.90 - 85.00 in oil has come true. The price is clearly being suppressed by the white 500-period moving average. If this obstacle can be overcome, we can see the continuation of the increase. Roughly settling above $85 would provide this condition for us. The price is still moving above the moving averages. It has a certain upward momentum. Support: 84.30 - 83.80 Resistance: 85.00 - 86.80
EURUSD pair has open liquids on the hourly chart. The price is likely to move to around 1.0665. The EMA200 resistance brought a sharp decline on Wednesday last week. It is likely to test the same average this week. Support: 1.0624 – 1.0576 Resistance: 1.0665 – 1.068
GBPUSD The regions that are considered as important support in the daily period are still not lost. Continues to be traded above 1.2015. 12:30 Construction Purchasing Managers Index PMI data will be effective on the parity. The result that comes above expectations will push the price up. It may target the orange and white average intersection region around 1.2090. Support: 1.2015 – 1.184 Resistance: 1.200 – 1.2182
If we look at the 4-Hour chart of the USDJPY pair, we will notice that the upward momentum is almost exhausted. Although the daily averages have not been broken, we are close to closing below the 4-Hour EMA50. If we close below this red average, we will expect the price to pull back to around 134.50-134.80. Support: 135.71 – 134.80 -134.50 Resistance: 136.16 – 136.50
If we look at the Dollar/Turkish Lira parity in the weekly time frame, we will notice the continuation of the determined upward trend. EMA10 (in purple) is an effective supporter of the average price. There has been no weekly close below this average for 14 months. In that case, as long as there is no weekly close below 18.77, we will expect the exchange rate to continue moving upwards. Support: 18.77 – 18.59 – 18.40 Resistance: 19.00 – 20.00
Ounce gold successfully completed the 1846 target in line with our expectations. It filled the imbalances in the region and reached liquidities. In the current situation, if it can stay above the 1847 - 1852 region, we believe that the movement can extend until the 1870s. Support: 1852 - 1842 Resistance: 1860 - 1870
WTI Crude Oil tested the expected level around 78.80. It made a very rapid rise in a short time. This impulsive move could take the price to the $82 region. If the price can stay above the 78.50 region, it could move towards the 81.50-82.00 region. Support: 78.50 – 76.40 - Resistance: 81.50 – 82.00
BRENT We can see the continuation of the accelerated movement in Petro. 87.20 – 88.00 region seems to be a potential target. As long as the price remains above 84.40, it may consolidate again and target liquidities in this region. Support: 84.40 – 83.00 Resistance: 87.20 – 88.00
Nasdaq is trading on the positive side. It is possible that the body gaps formed in the daily time frame will be filled. For this reason, we can see the continuation of the movement towards the levels of 12420 and 12480. The MA200 average support that we care about in the daily view was not lost. On the contrary, it provided the price's return last Thursday. Support: 12302 – 12254 - 12136 Resistance: 12420 - 12480
On the DAX side, the horizontal target marked on our chart was 15520. The price continues to rise at this level without stopping. They can also show the level of 15733. The close peak liquidity from a year ago passes through here. Support: 15520 - 15225 Resistance: 15733
Bitcoin side, we witnessed sharp declines after our warnings. The price recognized the 4-hour imbalance box defined by the lower limit of 21980. Again, if it sees closings below 21890 in the 4-hour time frame, we can assume that the price will continue to fall. Support: 21890 Resistance: 22880 - 23200
Natural Gas closed last week at very high levels but started the day with a deep loss at the opening. This move, which took place after the 2.82 and 2.95 levels we indicated in our resistance table, broke the momentum of the price. If it goes below 2.60, it will be difficult for it to recover. Support: 2.67 – 2.60 Resistance: 2.82 – 2.95
EURUSD pair targeted the liquidities we mentioned yesterday. Open imbalance and peak liquidity reached. The price seems to have slowed down at the EMA200 level. If it can be settled above 1.069, the rise may continue until around 1.074. Support: 1.0665 – 1.0644 Resistance: 1.069 – 1.074
GBPUSD The regions that are considered as important support in the daily period have not been lost yet. continues to be traded above 1.2015. may target the orange 200-period average around 1.2090. has the potential to start an accelerated movement by getting support from short-term averages. Support: 1.2015 – 1.184 Resistance: 1.2086 – 1.2182
If we look at the 4-Hour chart of the USDJPY pair, we will notice that the upward momentum is almost exhausted. Although the daily averages have not been broken, we are close to closing below the 4-Hour EMA50. If we close below this red average, we will expect the price to pull back to around 134.50-134.80. Support: 135.77 – 134.80 - Resistance: 136.07 -
If we look at the Dollar/Turkish Lira parity in the weekly time frame, we will notice the continuation of the determined upward trend. EMA10 (in purple) is an effective supporter of the average price. There has been no weekly close below this average for 14 months. Therefore, as long as there is no weekly close below 18.77, we will expect the exchange rate to continue moving upwards. Support: 18.77 – 18.59 – 18.40 Resistance: 19.00 – 20.00
Ounce gold fell to the intersection of EMA20 and EMA100 in the 4-hour view. The price received a decisive reaction from here. The green average should be protected for the continuation of the healthy rise. As long as it remains above 1843, 1870 can continue to be targeted. Support: 1843 - 1838 Resistance: 1851 - 1870
DAX side EMA50 on 4-hour charts is now lost. If there is a movement below 12225, caution should be exercised. This is the movement that could trigger further declines. Supports: 15230 - 14920 Resistances: 15380 - 15540
WTI Crude Oil tested the expected level around 78.80. It made a very rapid rise in a short time. This impulsive move could take the price to the $82 region. If the price can stay above the 78.50 region, it could move towards the 81.50-82.00 region. Support: 78.50 – 76.40 - Resistance: 81.50 – 82.00
Bitcoin side experienced a 21500 drop. At this level, the price also met with the EMA200 and SMA200 averages. If the area is lost, the decline will continue. Supports: 21500 Resistances: 22360 - 23000
BRENT We can see the continuation of the accelerated movement in Petro. 87.20 – 88.00 region seems to be a potential target. As long as the price remains above 84.40, it may consolidate again and target liquidities in this region. Support: 84.40 – 83.00 Resistance: 87.20 – 88.00
NATGAS side 2.44 still has not been lost. However, this area is being tested for the third time in a short time. If the level is lost, the 2.18 area will be the target. Supports: 2.55 – 2.44 Resistances: 2.67 -2.82
On the Nasdaq side, our expectation of an increase to the 12420-12480 region was realized. The price quickly turned down from this region. However, the direction of the movement has not turned down since it is still above the short-term averages. Support: 12286 – 12212 - 12175 Resistance: 12420 - 12480
DAX side reached 15656 liquidity. There is another peak liquidity not far from here. It is around 15730. The price may test this level as it is this close. The outlook is still positive on the DAX side. Support: 15520 - 15225 Resistance: 15733
Bitcoin side, we witnessed sharp declines after our warnings. Price recognized the 4-Hour imbalance box defined by the lower limit of 21980. Again, if it sees closings below 21890 in the 4-Hour time frame, we can assume that the price will continue to fall. Support: 21890 Resistance: 22500 - 22790 - 22850
Natural gas lost the 2.60 level as a result of sharp declines. 4 The price fell below the moving average supports in the hourly view. The market structure was disrupted. We can watch the continuation of the decline towards the 2.40 region. Support: 2.40 – 2.26 Resistance: 2.60 – 2.67 – 2.82
EURUSD The blue horizontal level indicated on the chart is where the 200-day exponential average support passes. 4 It is clearer how effective this region is on the price in the hourly rate. As long as the price stays above 1.05368, we are likely to see upward reactions. If the level is lost and closings come below, we will watch the decline continue. Support: 1.05368 – 1.049 Resistance: 1.0574 – 1.0604 – 1.0630
EURUSD moved up from the demand zone around 1.065, but failed to settle above 1.082. Price is still trading below the moving averages. A possible decline to around 1.0697. Support: 1.0697 - 1.065 – 1.0489 Resistance: 1.0752 – 1.082
GBPUSD lost its important support in the daily time frame. The 200-day simple average was broken with Powell's statements. 1.1837 is expected to continue to pull back to the 1.1700 - 1.1650 band. 1.1920 may see a reaction movement before falling. Support: 1.1837 - 1.1700 - 1.1650 Resistance: 1.1920 - 1.2015
GBPUSD side will follow the CPI data to be announced as of 10:00. CPI coming above expectations may also indirectly move the parity up. EMA21 stands out as support in the 4-hour view. We can say that 1.2135 is roughly support. If the price settles above 1.259, we can see the continuation of the upward movement. Support: 1.20149 – 1.1837 Resistance: 1.2159 – 1.2306
USDJPY Our targets were successfully achieved. The uptrend continues. A significant imbalance center in the daily time frame, around 140.48, can be followed as the next price target. Yesterday, it touched the 200-day simple average barrier. However, progress continues above the short averages, and the upward momentum is still maintained. Support: 136.24 – 135.12 Resistance: 137.45 – 138.55
USDJPY pair continues to move upwards from the demand zone created by imbalances. The price is held by the EMA21 average, and is likely to target imbalances around 135.75. Supports: 131.30 Resistances: 133.91 – 135.75
Ounce gold has entered a free fall after Powell. We will follow the previous reversal point of the price, the 1802-1806 area. The 500-day simple average and the 200-day exponential average are also passing through this area. If it is lost, we expect the decline in gold to continue. Support: 1806 - 1802 Resistance: 1821 - 1840
USDTRY is slowly and imperceptibly being pulled up. There is actually a stable trend, although it is moving very slowly, there is a stable upward movement. The price has been moving above its 50-day exponential average since July 5. Supports: 18.60 - 18.40-18.20-18.00 Resistances: 18.90
WTI CRUDE Oil experienced a sharp decline after the announcement. The market structure was also disrupted. If we look at the daily time frame, trend liquidity is accumulating in local bottoms formed starting from December 2022. For this reason, the expectation that the price will test these liquidities by falling to the $72-73 band should be kept aside. Support: 76.40 - Resistance: 77.80 - 79.70 - 81.50
Gold could not produce the expected reaction movement. For this reason, it did not give an approved short opportunity in the upper time frames. The price seems to have slowed down around 1840, the 1878 imbalance can be closed with an upward turn from around 1840. Support: 1840 Resistance: 1878 – 1896 - 1905
BRENT Oil lost its rising bottom form after the announcement. There was a market breakout and the upward momentum was exhausted. It should be expected that the price will pull back to the $77-78 band in order to clear trend liquidities. The liquidity of the rising trend has been accumulating in the lower regions for a long time. These levels will be visited by the price. Support: 80.30 Resistance: 84.00 - 85.40
WTI Crude Oil Stocks to be announced today at 18:30 on the CRUDE OIL side will be monitored. If stocks come significantly above expectations, they will pull crude oil prices down. Technically, the oil market, which is stuck at the 500-period average barrier in the 4-hour view, has produced a breakout. Support: 78.00 - 76.40 - 72.50 Resistance: 80.30 - 81.80
On the Nasdaq side, we may see an attack to the 12294 level as a short-term bearish reaction. The 4-hour imbalance created by the last deep decline is passing through this region. As long as the day does not close below 12150, we are likely to see upward reactions. Daily closings below 12150 will drag the index down. Support: 2150 – 11980 - 11550 Resistance: 12294 - 12425
BRENT Crude Oil stocks to be announced at 18:30 will be decisive for OIL. Stocks coming in above expectations will create downward pressure on prices. Technically, if the 84.40 region is lost, it is likely to be pulled back to around 82.60 in the short term. Support: 84.40 – 82.60 Resistance: 86.40 – 88.00
DAX side reached 15656 liquidity. Before reaching the upper region of 15733, indexes had fallen with Powell's statements. The price recovered from the previous imbalance limit and headed upwards. We may see the 15733 attempt again. Support: 15520 - 15460 - 15380 Resistance: 15733
Nasdaq gained strength from inside the imbalance box indicated by the white filling and rose. The price was thrown back onto the averages. As long as 12450 is maintained roughly, there is a potential for an increase to around 12730. Support: 12450 - 12100 Resistance: 12730 - 12870
DAX filled the imbalance it left above without testing after making a market break. Conditions are ready for a decline. First, 15300 and then 15225 may be the decline targets respectively. Supports: 15300 - 15225 Resistances: 15513 - 15650
On the Bitcoin side, we are seeing a recovery from the 4-Hour EMA200 and SMA200 averages area. The imbalance gaps left open on the upper side may be our first target. 22530 - 23100 can be followed. Supports: 21700 Resistances: 22530 - 23100
NATGAS side 2.44 still has not been lost. However, this area is being tested for the third time in a short time. If the level is lost, the 2.18 area will be the target. If it is held above 2.55, a new trend will start and roughly 2.90's will be the target. Supports: 2.55 – 2.44 Resistances: 2.67 -2.82 – 2.90
**The demand zone we are following on the EURUSD side is still functioning. The price met with buyers at the 1.065 band once again and produced upward reactions. We have not seen any permanence below this zone in the 4-hour view yet. Unemployment Benefits Applications will be announced at 16:30 today. The data coming below expectations will strengthen the US dollar and bring a decline to the EURUSD parity. Support: 1.065 – 1.0489 Resistance: 1.0738 – 1.082
GBPUSD The average SMA500, which is indicated in white, is the price reaction. At the same time, this average overlaps with the horizontal demand zone of 1.20149. We will be following the Unemployment Benefits Applications to be announced at 16:30 today. If it comes above expectations, it may start an increase from its current position to around 1.2159. If it comes below expectations, it may break 1.20149 and retreat to around 1.184. Support: 1.20149 – 1.184 Resistance: 1.2159 – 1.2306
USDJPY The level that catches our eye is 135.75 This level is the upper limit of the price imbalance that occurs during the sharp decline. It acts as a magnet that attracts the price. The impact of the Unemployment Claims data to be announced at 16:30 on the parity is undeniable. If it is announced below expectations, we will see strengthening in the US Dollar and we will observe an upward movement targeting 135.75. If the opposite happens, it may ease back to the 131.70 regions. Support: 131.70 – 129.00 Resistance: 135.75 – 137.50
We continue to observe abnormal movements in the Dollar/Turkish Lira parity. The price is moving steadily upwards, but the momentum of this progress is very weak. As can be seen, the moving averages indexed to the price continue to move upwards. The price has never closed below the 50-day exponential average for a very long time. The current value of this average is 18.73. It is indicated in red on the chart. Support: 18.73 – 18.59 – 18.40 Resistance: 19.00 – 20.00
Ounce Gold weakness continues. The $1833 level is important for gold. This is the limit value where the weekly price imbalance is closed. Signs of recovery are seen in lower time frames. The Unemployment Rights Applications to be announced at 16:30 today will have an impact on the ounce price. If it comes in below expectations, we may see upward attacks from the 1833 support in ounce gold. In the opposite case, it may ease to roughly around 1800. Support: 1833 - 1800 Resistance: 1850 - 1872
We observe a strong stance on the WTI CRUDE OIL side. Although the crude oil stock data received yesterday brought a momentary decrease, the movement that occurred was not permanent. As long as the price remains above 78.30, its primary target will be 80.15. The $82 level can be followed as a major obstacle in front of the price. Support: 78.30 – 76.40 Resistance: 80.15 – 82.00
BRENT The strong stance on the oil side continues. The price has settled above many moving averages. In the near term, the 88.09 level can be followed as a target. It is an area that the price will primarily want to visit as a price imbalance zone border formed during a sharp decline. As long as it remains above 84.50, we will continue to have positive expectations for the price. Support: 84.50 – 82.60 Resistance: 86.15 – 88.09
Nasdaq Our expectation came true. The price continued to close above the moving averages and reached the 12730 target after 2 days. The Unemployment Benefits Claims to be announced at 16:30 today will also have an impact on the indices. If it comes above expectations, it will bring weakness to the US Dollar, which will be in favor of the Index futures. In this scenario, we can watch the price rise to around 12880. Support: 12570 – 12480 - 12292 Resistance: 12730 - 12880
We can update the target level on the DAX side. The index maintains its positive trend, on the other hand, the equal peak liquidity from a year ago also points to the 15733 level. 16:30 The possible weakening of the US Dollar after the Unemployment Benefits Applications data will bring the DAX one step closer to the target. Support: 15540 -15350 Resistance: 15655 - 15733
Bitcoin has been rising continuously for the last 24 hours. A completely vertical rise is observed on the 4-hour charts. If the price can maintain its momentum and does not produce a bearish market breakout, it is likely to continue its progress towards the 26300 and 27200 targets. 16:30 If the Unemployment Claims data comes in above expectations, it will be in favor of Bitcoin. Support: 24400 - 23900 Resistance: 26300 - 27200
Natural gas is stuck in a horizontal band. We can say that the price has been hovering in the 2.67-2.44 band for almost two weeks. If we see an upward market breakout in the coming period, we can watch a new uptrend on the natural gas side. Persistence below 2.44 will continue the decline. Support: 2.44- Resistance: 2.67 – 2.82
**We stated that staying above 1.0537 on the EURUSD side is positive and will continue the upward movements. The positive trend in the price continues. The price may continue to rise until around 1.08, which is shown by the green horizontal band. 15:30 If the US CPI comes below expectations, the upward movement may accelerate. Support: 1.069 - 1.066 – 1.049 Resistance: 1.074 – 1.08
GBPUSD has moved rapidly upwards after regaining its 200-day average. The price seems to be approaching the 1.2182 resistance area. At the same time, the SMA500 average is currently in the area where it is trading. This indicator is a potential resistance. If it can be broken, the target will be the 1.227 and 1.2306 area. Support: 1.2118 – 1.206 Resistance: 1.2182 – 1.227 – 1.2306
USDJPY The blue box we pointed out initially caused a reaction. However, a stable hold could not be observed on it. There is no healthy return in the daily outlook for now. 15:30 US CPI will be effective on the parity. Support: 133.30 – 132.50 Resistance: 134.00 – 134.30
Ounce gold maintained its momentum-driven upward wave as expected. It quickly tested $1909 above $1890. The price may also want to test the 1920 level, which is a small but still untested imbalance zone on the daily. 15:30 If the US CPI comes in below expectations, this target should be seen quickly. Support: 1909 -1890 Resistance: 1920
WTI We have drawn attention to the trend liquidity accumulated on the lower side of the CRUDE Oil side. The price fell sharply yesterday as expected. The direction still seems down. It is possible that the decline towards the $72-73 region will continue. Support: 73.70 - 72.90 – 72.50 Resistance: 75.00 – 76.40
BRENT The market structure on the oil side is still pointing down. We can assume that the progress will be mainly bearish as long as it is not settled above 83. It seems possible that the price will be pulled back to the $76-77 region as a result of the relaxations. There are still untapped liquids. Support: 77.70 Resistance: 80.75 – 82.30 - 83
Nasdaq has been experiencing some saw movements for a while now. The support area is roughly 11770-12000. If the price goes below this area, the decline will continue. On the other hand, the EMA200 average on the 4-Hour Chart acts as an effective resistance. Its current value is 12072. Support: 12000 - 11770 Resistance: 12072 - 12238
DAX side clearly broke the market structure. The rising top/bottom form was exited. In the daily time frame, both 20 and 50-day exponential averages were broken down and daily closings were made. The price's easing towards the 14700 band after the reactions of 15150-15250 is in line with our expectations. Support: 14700 Resistance: 15150 - 15250
**We have witnessed an extraordinary recovery on the Bitcoin side. The price will most likely want to test the previous equal peak liquidity around 25300. Above it, the close target can be monitored as 26800. Below 22400, all bullish expectations are shelved. Support: 22800 - 22400 Resistance: 25300 - 26800
Natural Gas recognized the 2.40 demand zone. The price showed a determined recovery from this zone. It managed to accelerate in its second test. The close target can be followed as 2.67 horizontal. There is also a possibility of closing the gap, in which case it may want to test the 2.75-2.90 zone. Support: 2.40 – 2.26 Resistance: 2.67 – 2.82
EURUSD regained the 1.065 area after breaking down. The box seems to have accepted its upper limit as support. As long as the price continues to trade above 1.0676, the price is likely to react to the upside. Support: 1.0676 - 1.065 - 1.0489 Resistance: 1.0738 - 1.082
GBPUSD seems to have regained the 1.20149 level. There are many open imbalances in the upper region. As long as the price holds above 1.2015, it is expected to head towards 1.2159 and repair nearby price imbalances. Support: 1.20149 – 1.184 Resistance: 1.2159 – 1.2306
The level that catches our eye on the USDJPY side is 135.75. This level is the upper limit of the price imbalance that occurs during the sharp decline. It acts as a magnet that the price is attracted to. Although the price has lost some momentum, it is still trading above the EMA21 average in the 4-Hour view. There is no change in the price target. Support: 133.95 - 132.97 - 132.08 Resistance: 135.75 - 137.50
Ounce gold regained the 1833 level. We can consider the downward pricing as a violation. As long as the price remains above 1833, it is likely to produce upward reactions. 1851 and 1872 can be followed as reaction targets. Support: 1833 - 1800 Resistance: 1851 - 1872
WTI CRUDE Oil fell to 76.40 in line with the decline expectations we shared before. Although upward reactions are observed in the price, we will not expect an upward trend in oil unless the settlement condition above $78 is met. The market structure has not yet evolved into a positive one. Support: 76.40 Resistance: 80.15 – 82.00
We can say that the wide white price imbalance area we previously identified on the Nasdaq side is still active. The price tested the center of the box last week and moved up again. We see that the price returned to the box at the beginning of the week. As long as the box is not lost, the price may move up again. There is no significant deterioration in the upper time frames yet. Support: 12310 - 12100 Resistance: 12490 - 12730 - 12880
DAX In the 4-Hour view, as expected, it tested the EMA100 average and returned to the top from around 15300. It is also trading above the EMA21 average in the same time frame. The current value of the average is quoted as 15484. As long as the price continues to close above this average, its momentum will continue to rise. Support: 15500 - 15485 Resistance: 15540 - 15630 - 15655
The sharp sell-off on the Bitcoin side was balanced from the lower box. There is some loss of momentum in the price. In the 4-hour view, a closing below EMA21 was realized. Although the market structure still looks positive in the daily view, deteriorations in the lower time frames should also be taken into account. If the lower box (23910) is lost, we can expect the decline to continue. Support: 23910 - 22870 Resistance: 24750 - 25200
Natural Gas had moved below 2.44 and we had made our bearish warning. Indeed, the bearish target we had given was also realized. The price was pulled back to 2.26. There is a possible demand area between 1.96-2.18, so the price's behavior in this area should be monitored. In this way, a more secure view can be provided. Support: 2.18 - 1.95 Resistance: 2.26 - 2.44 - 2.67
EURUSD experienced a rather sharp decline after the market breakout in the lower timeframes. This movement continued until the liquidities in the Range Low region. The reaction may continue until the half-level of the signature in the upper region, roughly 1.0646. The ECB Interest rate decision may carry the parity to this level at 16:15. Support: 1.0536 Resistance: 1.0646 - 1.075 – 1.08
The intermediate levels we have determined on the GBPUSD side are still effective. The last point the price made a return to is around 1.2015. If this local bottom is lost, we expect the decline to continue, with 1.1920 being the target first. Support: 1.2015 - 1.1920 Resistance: 1.2124 - 1.2182
USDJPY The 135.14 liquidity that we pointed out was taken. An accelerated decline occurred immediately afterwards. And there was a movement to the 132.28 liquidity on the lower side. The price is experiencing weakness below the 4-Hour averages. The outlook is negative unless it settles above 134.22. Support: 132.26 Resistance: 134.22 - 135.14
EURUSD regained the 1.065 area after breaking down. The box seems to have accepted its upper limit as support. As long as the price continues to trade above 1.0676, the price is likely to react upwards. 11:30 German Manufacturing PMI and 13:00 ZEW will affect the pair. A higher than expected PMI will push the pair higher. Support: 1.0676 - 1.065 - 1.0489 Resistance: 1.0738 - 1.082
Ounce gold tested the $1909 and $1920 levels as expected. Correction has been dominant since the evening. 4-Hour EMA10 and horizontal level overlap. We can see increases to $1909 and $1920 and 1943 levels again. Support: 1909 - 1890 Resistance: 1920 - 1943
GBPUSD seems to have regained the 1.20149 level. There are many open imbalances in the upper region. As long as the price holds above 1.2015, it is expected to head towards 1.2159 and repair the price imbalances nearby. 12:30 UK PMI data will have an impact on the pair. High PMI will strengthen the Pound side and move the pair higher. Support: 1.20149 – 1.184 Resistance: 1.2159 – 1.2306
WTI The liquidity cleaning we expected on the CRUDE Oil side occurred. The price cleaned the liquidity pool that had formed in the form of an ascending bottom. The downward momentum continues in the weekly view. With all this pullback, the 500-week average at $64 can also be tested. Support: 66.17 - 64.00 Resistance: 73.13
Bitcoin 4-Hour averages are still holding the price. We can follow EMA10 to follow the correction from the night. It is shown in Purple on the chart. As long as the price does not close below this average, we will accept that the high upward momentum continues. Support: 29750 - 29290 Resistance: 30470 - 31740
EURUSD parity was above averages in the 4-Hour view. It gained momentum with the data and reached the final target box in our chart. The parity, which progresses at a very steep angle in the short term, may be subject to pullbacks due to being included in the supply area. Support: 1.0960 – 1.0934 Resistance: 1.1007
GBPUSD parity accelerated upwards along with CPI. It has come a little closer to the 1.2599 level that we are looking at as the final target. Since the course continues on the moving averages, the direction determination continues to remain upwards. Support: 1.2447 – 1.2419 Resistance: 1.2500 – 1.2599
USDJPY The resistance zone that we warned about had a serious impact on the price and caused a pullback. 132.76 EMA20 support is visible. Strong resistances remain in the 133.74 and 134.06 areas. Support: 132.76 Resistance: 133.74 – 134.07
Ounce gold targets we indicated were realized. After the 2006 close target, the 2021 level was also reached. The direction in macro gold still seems to be upward. Our price is holding steady above the averages in the daily. Support: 2012 – 2008 - 1998 Resistance: 2021 - 2050
WTI CRUDE Oil side's stable hold and the gap not being closed on the lower side caused an upward movement. The averages area, which is considered as a target, has been reached. There is a 500-day average resistance around 84.40. The price may touch here as well. Support: 81.90 – 79.84 Resistance: 83.13 – 84.40
BRENT On the oil side, a daily hold above EMA100 was achieved and then a bullish engulfing candlestick form was produced. This gave us the signal that the price would go to the average resistance area in the upper region. Indeed, the region was reached today as expected. The 87.30-88.40 region was entered. It can be tested a little higher. Support: 83.87 – 82.00 Resistance: 87.30 – 88.40 – 89.00
Nasdaq reached a very important level in the daily time frame. Contacts were made yesterday and today to the 20-day exponential average support. The day should not close below this average for the continuation of the trend. 12823 is the current value. Support: 12823 - 12506 Resistance: 12932 - 13380
DAX side continues to move above moving averages. We have not closed below EMA10 and EMA20 averages in 4-hour period. The upper blue box also acted as a correction demand area again. The bullish momentum is maintained above 15685. Support: 15685 - 15663 Resistance: 15730
Bitcoin 4-Hour averages are still holding the price. We can follow EMA10 to follow the correction from the night. It is shown in Purple on the chart. As long as the price does not close below this average, we will accept that the high upward momentum continues. Support: 29600 - 29420 Resistance: 30470 - 31740
EURUSD parity accelerated its rise with the PPI data announced yesterday. It continued to increase its speed on the 4-hour chart. Strong upward momentum will continue on the purple EMA10 average. We can see a test of 1.1095. Support: 1.1032 – 1.0996 – 1.0943 Resistance: 1.1095
GBPUSD pair increased its upward momentum together with PPI. It passed the peak in its recent past. It continues to advance on the 4-hour moving averages. The strong uptrend will be maintained above the purple EMA10. Support: 1.2512 – 1.2486 Resistance: 1.2599
USDJPY The resistance zone that we warned about had a serious impact on the price and caused a pullback. 132.76 EMA20 support is visible. Strong resistances remain in the 133.74 and 134.06 areas. Support: 132.76 Resistance: 133.74 – 134.07
On the ounce gold side, the upper level we pointed out was roughly $2050. Yesterday, the $2049 level was tested after the PPI and this target was achieved. Although the direction is still upward in the upper periods, there is a possibility that the price will enter a stagnation/correction phase. Support: 2032 – 2022 - 2007 Resistance: 2050
WTI The stable hold on the CRUDE Oil side and the gap not being closed on the lower side caused an upward movement. The price advanced to the center of the resistance zone that we expected. Although it has not encountered a strong sale yet, there is a possibility of testing the average above 84.40 Support: 81.90 – 80.24 Resistance: 83.04 – 84.40
BRENT On the oil side, a daily hold above EMA100 was achieved and then a bullish engulfing candlestick form was produced. This gave us the signal that the price would go to the average resistance area in the upper region. Indeed, the region was reached today as expected. A significant selling movement also occurred from the 87.30 resistance. Support: 83.90 – 82.11 Resistance: 87.30 – 88.50
Nasdaq The series recovered along with PPI. It made a sharp turn around the EMA20 average on the daily. This momentum showed us that the probability of the rise continuing has increased. Around 13360 can be followed as a target. Support: 13000 - 12870 Resistance: 13220 - 13360
DAX continues to move above moving averages. We have not closed below the 4-hour EMA10 and EMA20 averages yet. The 15733 resistance was also overcome and closing was made above it. As long as the 4-hour EMA20 average is maintained above 15700, our expectation is for the rise to continue. Support: 15685 - 15663 Resistance: 15730
EURUSD pair entered the imbalance zone on the daily. The area indicated by the white borders on the chart is the demand area. As long as the price stays above this box, it will maintain its upward trend. As long as it stays above the box, we can see a test of 1.1095. Support: 1.0949 – 1.0929 Resistance: 1.1095
GBPUSD parity held on 4-Hour EMA100 average. This average is shown in blue on the chart. The limit of the imbalance on the upper side corresponds to the level of 1.2463. As long as it stays above the blue average, its target is this horizontal level. Support: 1.2384 – 1.2335 Resistance: 1.2463 -
USDJPY has broken through the 200-day exponential average area, where it was previously subject to a sharp sell-off. If the price makes a strong close above 133.73, we can see the continuation of the rise in the parity and a test of 135.14. Support: 133.73 – 132.91 Resistance: 135.14 – 137.17
On the ounce gold side, the daily period rise structure has not yet been completely broken. Daily average supports correspond to the 2004 and 1983 dollar levels. As long as it remains above 1983, it will maintain its main uptrend above the 20-day exponential average. Support: 2004 - 1983 Resistance: 2050
WTI Crude Oil maintains its structure in 4-Hour. It is observed to be holding above the 20-period average. It will maintain its strength above 82.20. It is possible to target 84.40 above this level. Support: 82.20 – 80.65 Resistance: 84.40
BRENT Oil is trading above the 4-hour moving average support. The price's upward momentum will be maintained above 86.20. 87.30 level can be followed as a major resistance on the daily. In the loss of 86.20, a lower support level can be followed as 84.80. Support: 86.20 – 84.80 Resistance: 87.30 – 88.50
Nasdaq 4-Hour imbalance continues to remain above the demand zone. As long as this holding continues, we will expect the bullish scenario to continue in the index. 13360 region can be followed as a potential target. Support: 13075 - 12970 Resistance: 13220 - 13360
DAX continues to move above moving averages. We have not closed below EMA10 and EMA20 averages in the 4-hour period. 15787 and 15748 levels can be followed as close supports. The bullish structure will be maintained above these averages. 15850 can be followed as a target. Support: 15787 – 15748 - 15650 Resistance: 15850
EURUSD parity has tested the 1.082 level, which we determined as an important level. There is also a 4-Hour EMA20 average just below this green horizontal zone. We assume that the price will continue to move upwards as long as it maintains its hold above 1.082. Support: 1.082 - Resistance: 1.087 - 1.10
After our target of 1.2306 was seen in the GBPUSD parity, we witnessed a correction movement. The fact that the price is still holding above EMA20 in the 4-Hour view and has not yet lost momentum is positive. As long as it remains above 1.2265, we can expect positive movements to continue. Support: 1.2265 - 1.2182 Resistance: 1.2445
EURUSD parity has experienced sharp pullbacks since yesterday. The inner region of the imbalance in the daily time frame has been completely filled. The possible levels that the price will visit can be followed as 1.0952/1.0964/1.0999. Closing the day below 1.0889 will disrupt the general uptrend. Support: 1.0902 - 1.0889 Resistance: 1.0952 – 1.0964 – 1.0999
USDJPY has exhausted its upward momentum along with the loss of strength in the dollar index. The price had already lost the 200-day exponential average demand zone. As of Friday, the horizontal support of 132.28 was also breached. The negative trend in the parity continues. It is possible to test the 129.80 band. Support: 129.80 Resistance: 134.07 – 134.87
GBPUSD parity was pulled to the box area we specified as the demand zone and the price tried to hold on at this point. It seems likely that the price will touch the 4H imbalance with the lower limit of 1.2438 in its upward reaction. Support: 1.2378 – 1.2335 Resistance: 1.2438
We stated that as long as ounce gold remains above the 1934 level, it will technically maintain its positive trend. We had determined 1998 and 2021 as sequential targets. Again, the 1998 test occurred as we predicted. The price continues to trade above moving averages. Support: 1982 - 1972 Resistance: 1998 - 2021
WTI On the CRUDE Oil side, the level we showed as the target in 4-Hour periods, 71.50, was perfectly realized. After the level was touched, it was subject to a hard sell. The outlook is uncertain now, an update will come if a new potential structure appears. Support: 69.08 Resistance: 71.50 - 73.00
Nasdaq has tested our target levels of 12730 and 12880 multiple times. However, we have not seen daily or 4-hour closes above these levels yet. These price movements have always remained as candle shadows. If the price goes below 12675, we will expect the correction to continue Support: 12675 Resistance: 12730 - 12880
On the DAX side, buyers created demand where the 500 and 100-day averages met. The price may continue to react a little more. Around 15400 may be tested. However, when looked at technically, American indices have a more bullish outlook than DAX. Support: 15120 - 14990 Resistance: 15202 - 15400
EURUSD The price completed the other two targets except 1.0999 without any problems. If can stay above 1.0967, it can find support from the 4-Hour EMA10 average. Our 4-Hour imbalance, which has not been tested in the upper region, is still available Support: 1.0967 – 1.0952 Resistance: 1.0983 – 1.0999
GBPUSD parity tested the daily imbalance. However, in the current situation, it is showing weakness by coming back below the averages in the 4-hour view. The price may decline towards the internal liquidity in the 1.2390 band. Support: 1.2389 – 1.2378 – 1.2335 Resistance: 1.2418 - 1.2438
USDJPY broke through the 200-day exponential average area, where it was previously subject to a sharp sell-off. The price also closed strongly above 133.73. The expectation of 135.14 increased its probability. The area should be reached after the upward movement. Support: 134.06 - 133.73 – 132.91 Resistance: 135.14 – 137.17
Ons gold, our short-term expectation came true yesterday. The 2008 level stands out as an effective resistance in the short term. 1986 20-day exponential average support, quite important. As long as it remains above, the main uptrend will continue. Support: 1986 – 1975 - 1967 Resistance: 2008 - 2050
EURUSD We witnessed a sharp decline with the break of 1.082. This possibility was already within our expectations. The monitored level is horizontal at 1.0738. The imbalance was completely filled and upward reactions occurred. If the price closes below 1.0738, further declines can be expected. Support: 1.0738 Resistance: 1.0768 – 1.082 – 1.0867
WTI Crude Oil was subject to deep selling from the averages that represent strong resistances on the daily chart. This was an expected situation. 80.45 and 78.50 can be followed as support levels. When the day closes below 80.45, the strong uptrend ends. Support: 80.45 – 78.50 Resistance: 81.60 – 82.50
GBPUSD pair saw a weakness in momentum with the closing below the EMA20 average. Price bounced off the EMA50 in the 4-Hour. Averages continue to work as dynamic support/resistance. The decline will accelerate below the EMA50. Support: 1.2205 – 1.2182 Resistance: 1.2246 – 1.2306
BRENT Oil was subjected to a sharp sell-off from the EMA200 average, which we mentioned its importance in the daily. It is quite effective on the average price where the rise is prevented. If 83.68 is lost, it is expected to retreat to the 82.95 and 82.20 averages. Support: 83.68 – 82.95 – 82.20 Resistance: 85.28 – 86.92
USDJPY has exhausted its upward momentum along with the loss of strength in the dollar index. The price has already lost the 200-day exponential average demand zone. As of Friday, the horizontal support of 132.28 was also breached. The negative trend in the parity continues. It tested the 129.80 band, the downward target was achieved. Support: 129.80 Resistance: 134.07 – 134.87
Nasdaq 4-Hour imbalance continues to remain above the demand zone. As long as this holding continues, we will expect the bullish scenario in the index to continue. 13360 region can be followed as a potential target. Support: 13030 - 12970 Resistance: 13220 - 13360
DAX continues to move above moving averages. 4-Hour EMA10 average has been pulled back. If the 15855 level is lost, the 15820 area will be a target for decline. If it goes below the green average, the trend supported by the averages will be disrupted. Support: 15855 - 15820 Resistance: 15900
Bitcoin 4-Hour imbalance target has reached 30170. The price seems to have regained the area with a sharp acceleration. We can see that it will remain strong above 30000 and will tend to go up. The main uptrend is still maintained. Support: 29500 -29170 Resistance: 30550 - 31700
EURUSD parity continues to consolidate below 1.082. The imbalance seen in the 4-hour view in the upper region seems likely to be the target. We can see increases around 1.086. Support: 1.0794 – 1.076 Resistance: 1.082 – 1.086
The rise continues in the GBPUSD parity. Movement is provided above the averages in the 4-hour view. The level of 1.2306 was reached and closings were made above it. It seems likely that the price will target around 1.2445. The direction of movement can be accepted as upward. Support: 1.2285 – 1.2270 Resistance: 1.2343 - 1.2445
If we look at the EURUSD pair on the daily chart, we will see that it is still moving above the averages and maintaining its main uptrend. The 1.0948 and 1.0905 areas can be followed as close support. 1.099 is the 4-Hour imbalance target. Support: 1.0948 – 1.0905 Resistance: 1.0999
USDJPY bounced off 129.80. The price seems to be holding at this level for now. If the blue box is lost, we will be watching the continuation of the decline in the parity. We can see the 131.47 test in the short term. Support: 129.80 Resistance: 131.47 – 132.28
GBPUSD parity also tested the upper limit of the imbalance we pointed out in the 4-hour time frame. The short-term uptrend target has been completed. The box marked with blue borders on the chart worked twice as an active demand zone. As long as the zone is maintained, the main trend should be upward. Support: 1.2395 – 1.2378 Resistance: 1.2464 – 1.2493
On the ounce gold side, our 1959 drop target has arrived. The lower side has also been tested. A 4-hour order block price seems to have held. As long as it remains above 1934, upward movements can be expected to continue. The 4-hour imbalance limit near 1968 may test here in the short term. Support: 1945 – 1937 - 1934 Resistance: 1968 – 1980 - 1998
WTI CRUDE Oil started an accelerated rise. The price may target the center of the bullish candle that gave the last breakout. 75.94 test seems possible in a short term of a few days. 200 encountered a serious buyer group from the weekly averages region. Support: 72.30 – 71.10 Resistance: 75.94
BRENT Oil bounced off the 200-week simple average. The price may target the bullish block before the last deep bearish wave. 81.90 appears as the block center. We may see increases towards this level in the short term. Support: 76.60 – 74.40 Resistance: 80.80 – 81.90
Nasdaq movement momentum has decreased a lot. There were also closings below the 20-period average in the 4-hour period. If 12660 is broken, a decline seems likely. A test of 12880 may occur again on the white trend. Closings above 12880 will target around 13380. Support: 12660 – 12600 - 12460 Resistance: 12880 - 13380
DAX Our target of 15195 was achieved. The index reached the 4-Hour EMA200 average. Around 15320 can be followed as an upper resistance level. A closing below 15125 will disrupt the bullish structure and invalidate expectations. Support: 15125 - 14900 Resistance: 15195 - 15320
Bitcoin has broken down and continued to the 26800 level, which we have expressed as support. The price has not closed below the horizontal level for now. 4-Hour closings below the level will increase the weakness and cause the decline to strengthen. Support: 26800 – 26380 Resistance: 27300 - 27730
We are at an important level on the Natural Gas side. If the 1.96-2.18 region is lost, the expectation is that the price will fall further. No recovery or upward market breakout is observed in the price yet. Similar weakness is also present in the upper time frames. Support: 2.11 – 1.96 Resistance: 2.40 -
EURUSD managed to settle above 1.082 level in the parity. It seems likely that the imbalance seen in the 4-hour view in the upper region will be the target. Although it has been tested from the extreme limit, it has not been closed completely. We can see increases to around 1.086. Support: 1.082 – 1.077 Resistance: 1.086 – 1.089
The rise continues in the GBPUSD parity. Movement is provided above the averages in the 4-hour view. The level of 1.2306 was reached and closings were made above it. It seems likely that the price will target around 1.2445. The direction of movement can be accepted as upward. Support: 1.2285 – 1.2270 Resistance: 1.2343 - 1.2445
USDJPY bounced off 129.80. The price seems to be holding at this level for now. If the blue box is lost, we will be watching the parity continue to fall. The 131.47 near-term target we mentioned yesterday has been realized. The price is maintaining its upward momentum for now. Support: 130.54 - 129.80 Resistance: 132.28
On the ounce gold side, our 1959 drop target has arrived. The lower side was also tested. A 4-hour order block price seems to have held. As long as it stays above 1934, our 1968$ target, which we have been eyeing as a close imbalance target, has been realized. Weakness is observed in the price again, if it breaks $1956, it will ease to the 1937-1945 region. Support: 1945 – 1937 - 1934 Resistance: 1968 – 1980 - 1998
WTI CRUDE Oil started an accelerated rise. The price may target the center of the bullish candle that gave the last breakout. 75.94 test seems possible in a short term of a few days. 200 encountered a serious buyer group from the weekly averages region. Support: 73.02 – 72.02 Resistance: 75.94
EURUSD Our close target of 1.086 was achieved. The imbalance was filled in the 4-hour view. The price still maintains its positive trend. As long as it stays above 1.082, our expectation for the direction of movement will continue to be upward. Support: 1.082 – 1.077 Resistance: 1.08730 – 1.0905
GBPUSD pair EMA20 average was not lost in the 4-Hour view. For this reason, the tendency to rise continues. As long as remains above 1.2306, we expect the box in the upper region to be targeted. The direction of movement is still upward. Support: 1.2306 – 1.227 Resistance: 1.2344 – 1.2445
USDJPY bounced off 129.80. The price seems to be holding at this level for now. If the blue box is lost, we will be watching the parity continue to fall. A few liquids were taken with the upward momentum. This reaction is likely to continue to around 133.80. Support: 130.54 - 129.80 Resistance: 133.36 - 133.80
On the ounce gold side, our 1959 drop target has arrived. The lower side has also been tested. A 4-hour order block price seems to have held. It can be observed that the price respects the red EMA50 average. In case of a closing below this average, we will switch to a downward expectation. Support: 1958 – 1945 - Resistance: 1969 - 1980
WTI CRUDE Oil started an accelerated rise. The price may target the center of the bullish candle that gave the last breakout. 75.94 test seems possible in a short term of a few days. 200 encountered a serious buyer group from the weekly averages region. Support: 73.02 – 72.02 Resistance: 75.94
BRENT Oil bounced off the 200-week simple average. The price may target the bullish block before the last deep bearish wave. 81.90 appears as the block center. We may see increases towards this level in the short term. Support: 77.66 – 77.09 Resistance: 80.80 – 81.90
Nasdaq side, the imbalance target near 12750 that we expected was realized. The price quickly exceeded this area. The index will try the 12880 band again. If the price is persistent with multiple candle closings, we may see a second wave of rise towards around 13380. Support: 12780 – 12745 - 12650 Resistance: 12880 - 13380
EURUSD Our close target of 1.086 was achieved. The imbalance was filled in the 4-hour view. The price still maintains its positive trend. As long as it stays above 1.082, our expectation for the direction of movement will continue to be upward. Support: 1.0886 - 1.082 – 1.077 Resistance: 1.08730 – 1.0905
GBPUSD pair EMA20 average was not lost in the 4-Hour view. For this reason, the tendency to rise continues. Entered the upper box limits. Our target was partially achieved. Support: 1.2370 - 1.2306 – 1.227 Resistance: 1.2400 – 1.2445
USDJPY bounced off 129.80. The price seems to be holding at this level for now. If the blue box is lost, we will be watching the parity continue to fall. A few liquids were taken with the upward momentum. This reaction is likely to continue to around 133.80. Support: 130.54 - 129.80 Resistance: 133.36 - 133.80
If we look at the Dollar/Turkish Lira parity in the weekly time frame, we will notice the continuation of the upward determined trend. EMA10 (in purple) is an effective supporter of the average price. There has been no weekly close below this average for 14 months. Therefore, as long as there is no weekly close below 18.91, we will expect the exchange rate to continue moving upward. Support: 18.91 – 18.59 – 18.40 Resistance: 19.00 – 20.00
On the ounce gold side, our 1959 drop target has arrived. The lower side has also been tested. A 4-hour order block price seems to have held. It can be observed that the price respects the red EMA50 average. If a closing occurs below this average, we will switch to a downward expectation. Support: 1971 - 1958 – 1945 - Resistance: 1980 - 1998
WTI CRUDE Oil started an accelerated rise. The price may target the center of the bullish candle that gave the last breakout. 75.94 test seems possible in a short term like a few days. 200 encountered a serious buyer group from the weekly averages area. Support: 73.70 – 73.30 Resistance: 75.94
BRENT Oil bounced off the 200-week simple average. The price may target the bullish block before the last deep bearish wave. 81.90 appears as the block center. We may see increases towards this level in the short term. Support: 78.23 – 77.75 Resistance: 79.47 – 80.80 - 81.90
Nasdaq side, the imbalance target near 12750 that we expected was realized. The price quickly exceeded this area. The index will try the 12880 band again. If the price is persistent with multiple candle closings, we may see a second wave of rise towards around 13380. Support: 12780 – 12745 - 12650 Resistance: 12880 - 13380
DAX Reached the targeted areas in order in the 4-hour view. The index has an accelerated movement in the daily view. It is very likely that the price will revisit the orderblock area it left before the decline. 15492-15670 area can be followed as a target. Support: 15220 - 14800 Resistance: 15492 - 15670
EURUSD parity had broken the EMA20 average towards Friday evening and lost momentum. Then the severe declines continued and the 1.082 demand zone was also broken. DXY side, the positive trend seems likely to continue this week. It is expected that the price will ease to around 1.0738. Support: 1.0773 – 1.0738 Resistance: 1.082 – 1.085
GBPUSD parity tested the target box on Friday. Then, towards Friday evening, a 4-hour engulfing bearish candlestick formation was created. This formation was interpreted as a sell signal because it occurred immediately above the EMA20 indicator. The short-term trend on the DXY side seems to be upwards. Our parity has also lost the EMA50 average. 1.2230 It may test around EMA100. Support: 1.227 – 1.2233 – 1.2182 Resistance: 1.2295 – 1.2306
USDJPY continues to be strong. We will continue to maintain our upward expectation on the blue box. The parity has recovered with the acceleration of the dollar index. 135.14 can be followed as a potential target. Support: 132.86 – 132.51 Resistance: 135.14
On the ounce gold side, our $1980 imbalance target was also achieved. However, the price could not hold on to the area. With the dollar index gaining strength, precious metals were also exposed to selling. This time, the price violated the red EMA50 average. It seems likely that the decline towards the 1937-1945 area will continue. Support: 1945 - 1937 Resistance: 1962 - 1967 - 1980
WTI On the CRUDE Oil side, our target for an increase close to the week's close was almost achieved. There was only a price difference of $0.30 left. A large price gap formed with the new week's opening. The outlook is not clear at the moment. The price may come back to the 76 band to repair the gap. But this is not certain. Support: 76 - 73.90 Resistance: 80.90
BRENT Oil has moved much further than our upside target as of the new week opening. Thus, our 81.90 target has been completed. There is a possibility that the huge price gap that has formed will close, but there is no clear outlook at the moment. Support: 79.50 – 78.80 Resistance: 83.90 – 85.30 – 86.70
Nasdaq side, the upward movement continued with the settlement above 12880, which we expected. The price got even closer to our target of 13380. Currently, 4-Hour EMA10 and EMA20 averages are maintained. The upward momentum of the trend continues. Support: 13030 – 12946 - 12790 Resistance: 13180 - 13380
DAX managed to advance to the upper limit of the targeted area in the 4-hour view. The price rose to the upper band of the order block. Although there is no sharp decline yet, caution should be exercised for longs now. In my opinion, longs should not be moved before the old peaks are overcome. Upward tracking can continue with the overcoming of the obstacles. Support: 15570 – 15477 Resistance: 15670 - 15733
EURUSD An important area has formed. The area extending from the price volatility area on the left is a potential support. It roughly corresponds to around 1.0854. As long as the price holds above this level, it will remain strong. Support: 1.0854 – 1.0818 Resistance: 1.0926 – 1.1007
GBPUSD parity tested the supply zone again. The price that entered the box area is advancing stronger this time. If the box is broken and closing is made, we will be expecting the rise to continue. Support: 1.2378 – 1.2336 – 1.2306 Resistance: 1.2423 – 1.2445
USDJPY continues to be strong. We will continue to maintain our upward expectation on the blue box. The parity has recovered with the acceleration of the dollar index. 135.14 can be followed as a potential target. Support: 132.86 – 132.51 Resistance: 135.14
On the ounce gold side, the 1697-1975 region appears to be an important demand area. As long as the region is maintained, the price may test the 1998 and 2021 targets. The deep decline experienced yesterday was very well compensated. The movement above the moving averages continues, the upward momentum is maintained. Support: 1975 -1967 Resistance: 1988 – 1998 - 2021
WTI On the daily view of CRUDE Oil, there are significant resistances at $82 and $84. There is a 200-day exponential average at $82, and a 500 and 200-day simple average at 84. It is not known which one will turn, but a serious selling movement is likely to occur in one of the two regions. ; Support: 77.90 – 75.30 Resistance: 82 - 84
Nasdaq continues to rise. Although the index attempted a correction yesterday, the important demand area was not lost. The box was not violated and settled above it again. As long as it is held above 13030-13100, our expectation will continue to be upwards. Support: 13100 – 13030 - 13017 Resistance: 13160 - 13380
EURUSD suffered a sharp pullback yesterday after data releases. There are still major support areas that have not been tested. Although the EMA10 has been lost and the strong momentum has been drained, the BPR around 1.0854 could push the price back up. Support: 1.0869 – 1.0854 Resistance: 1.0909 – 1.0960
GBPUSD experienced an accelerated rise. The box we are looking at as a target has been fully tested. The price is still maintaining its momentum. A correction will most likely occur in the near term. If the imbalance in the box specified by the blue borders is maintained, the resistances in the upper region may continue to be the target. Support: 1.2438 – 1.2379 Resistance: 1.2500 – 1.2599
On the ounce gold side, both of our targets were achieved. We touched on the importance of the 1975-1967 region. With the correction that came yesterday, the upward momentum weakened. If it holds roughly above 2000, it can maintain its momentum. Support: 1998 - 1975 -1967 Resistance: 2021 - 2050
WTI On the daily view of CRUDE Oil, there are significant resistances at $82 and $84. There is a 200-day exponential average at $82, and a 500 and 200-day simple average at $84. It is not known which one will turn, but a serious selling movement is likely to occur in one of the two regions. Support: 77.90 – 75.30 Resistance: 82 - 84
EURUSD has reached short-term test zones. It successfully completed the targets we gave yesterday by filling the 4-hour imbalance area. The price seems to have lost the 4-hour EMA20 support. Although it has received a reaction from the red EMA50, it may test this level again as momentum is exhausted. Support: 1.0884 – 1.0854 Resistance: 1.0934 – 1.0960
GBPUSD parity has moved out of the blue box, the importance of which we mentioned before. It has reached the 4-hour EMA50 average area and the price has slowed down here. If we see closings below the red average, we will be expecting the declines to continue. We expect roughly around 1.2306. Support: 1.2397 – 1.2306 Resistance: 1.2415 – 1.2441
On the ounce gold side, there were sharp sales with the opening of the week. Prices, which fell rapidly to the daily EMA10 average, slowed down in this region. If we see a day close below $1988, we will conclude that the momentum in gold has slowed down a bit. As long as it does not close below $1963, our direction expectation is upward. Support: 1988 - 1963 Resistance: 1998 - 2021
WTI On the daily view of CRUDE Oil, there are significant resistances at $82 and $84. There is a 200-day exponential average at $82, and a 500 and 200-day simple average at $84. It is not known which one will turn, but a serious selling movement is likely to occur in one of the two regions. Support: 77.90 – 75.30 Resistance: 82 - 84
BRENT Oil also approached important resistances in the daily view. It fell short of the 200 and 500 daily average resistances. It corresponds to the 87.40-88.20 region in terms of price. It is likely to be subject to a hard sell from this region. Support: 83.70 - 81 Resistance: 87.40 – 88.20 – 89.85
Nasdaq side had a selling opening week. The blue box with borders drawn on the chart should not be lost. Daily EMA10 value is 12965, if the day closes below this level, momentum will be lost. Reactions are likely to come from the imbalance expressed in the blue box. Support: 12950 - 12925 Resistance: 13075 - 13200
DAX closed last week maintaining its upward momentum. Markets will be closed today due to Easter. As long as the upper blue box is held, we expect the upward momentum in the price to be maintained. 15630-15590 are the limits. Support: 15590 - 15510 Resistance: 15670
EURUSD tested the BPR zone previously mentioned in the chart. The price quickly rose with the support of the EMA100 (blue) average just below it. The price is currently at the horizontal imbalance limit of 1.0890. The short-term target of the reaction has also been achieved. As long as it is not sustained above 1.0890, there may be a delay/retracement in this zone. Support: 1.0854 - Resistance: 1.0890
GBPUSD parity was met with 4-Hour imbalance during the decline. Although the price broke the averages, it accelerated upwards again from this internal liquidity area. 1.2396 is the close EMA50 support. As long as the imbalance box that the price returned to is not lost, we will not expect deep declines. Support: 1.2396 – 1.2378 Resistance: 1.2412 – 1.2428
USDJPY side, the order block we drew attention to before worked. The price that touched here accelerated upwards again. managed to take the internal liquidity in the 133.70 region. Our short-term target has been completed in parity. The 133.75 region is also an important resistance on the daily. Support: 132.81 – 132.45 Resistance: 133.66 – 133.75
Ounce gold recovered from the region we indicated. It supported our thesis by not closing below $1988 on Daily or 4-Hour basis. The price momentum is still up. We will see positive as it continues to stay above $1990. It is possible that it will target its previous local highs. Support: 1990 - 1966 Resistance: 2006 - 2021
WTI On the daily view of CRUDE Oil, there are significant resistances at $82 and $84. There is a 200-day exponential average at $82, and a 500 and 200-day simple average at $84. It is not known which one will turn, but a serious selling movement is likely to occur in one of the two regions. Support: 77.90 – 75.30 Resistance: 82 - 84
BRENT Oil also approached important resistances in the daily view. It fell short of the 200 and 500 daily average resistances. It corresponds to the 87.40-88.20 region in terms of price. It is likely to be subject to a hard sell from this region. Support: 83.70 - 81 Resistance: 87.40 – 88.20 – 89.85
Nasdaq has risen rapidly again after the liquidity purchase movement made yesterday. The price is still on the positive side and is trading above the 4-Hour moving averages. However, the direction our daily averages are also pointing is upwards. Support: 13020 - 12830 Resistance: 13090 - 13200
DAX, as we mentioned before, maintained its upward momentum and tested the 15730 area again. If the price can overcome this area with momentum, the upward movement may continue. The structure is still positive on the daily. Support: 15510 – 15410 Resistance: 15730
Bitcoin We stated that the direction of the movement on the box we pointed out was upwards and could show positive situations. After a long liquidity hunt, it made the expected move and the blue horizontal line came to our target. There is a great momentum in the price, it is also possible that this rise will extend to around 35k.. Support: 29400 - 28600 Resistance: 31750 - 32450
EURUSD showed sharp increases yesterday. It gained momentum with the return of the averages and reached the 1.0934 area that we marked. It may be dangerous to continue long from here due to reaching liquidity. 15:30 CPI will bring high volatility to the parity. Support: 1.0904 - Resistance: 1.0934 – 1.0960
GBPUSD pair continues to maintain its strong stance. The price bounced off the imbalance zone with high momentum and settled above the averages again. As long as it remains above 1.2421, the 4H EMA20 will be protected and the direction expectation will continue to remain upward. Support: 1.2421– 1.2378 Resistance: 1.2455 – 1.2469
USDJPY side continues to rise. Although our short-term targets have been completed, it seems to insist on overcoming obstacles. 133.75 and 134.10 are major obstacles. It is difficult for the movement to continue without overcoming these averages. Support: 133.15 -132.80 Resistance: 133.75 – 134.10
Ounce gold targets we indicated were realized. After the 2006 close target, the 2021 level was also reached. The direction in the macro gold is still upwards. Our price is holding steady above the averages in the daily. Support: 1996 - 1971 Resistance: 2021 - 2050
WTI On the daily view of CRUDE Oil, there are significant resistances at $82 and $84. There is a 200-day exponential average at $82, and a 500 and 200-day simple average at $84. These areas can be considered resistance. 82 region is being tested again today. Support: 78.85 – 78.15 Resistance: 81.90 – 83.25
BRENT Oil started its sharp upward movement after showing a determined hold on the blue EMA100 on the daily. The target seems to be around 87.30-88.30. The mentioned area is quite strong resistance as it contains 2 200-day and 1 500-day averages. Support: 83.70 – 81.70 Resistance: 87.30 – 88.40 – 89.13
On the Nasdaq side, saw movements dominated the 4-hour view. Stops are being hunted by targeting up/down liquidities respectively. The 4-hour average remained below. We may see a relaxation to the 12850 band again. Support: 12870 - 12850 Resistance: 12975 - 13020
DAX side continues to move above moving averages. We have not closed below EMA10 and EMA20 averages in 4-hour period. The upper blue box also acted as a correction demand area again. The bullish momentum is maintained above 15657. Support: 15657 - 15633 Resistance: 15730
WTI CRUDE Oil gap limit lost 75.70 level. It closed the day with a willing seller candle. We had stated that we see the declines continuing and progressing until the imbalance in the lower region. 72.30 and 70.30 levels were tested. The price entered the region. The target was completed. Support: 72.30 – 70.30 Resistance: 75.70 – 77.00
BRENT Oil price lost its gap limit. It had broken below the averages. Our expectation of a downward trend was overwhelming. We stated that it was highly probable that it would fall to the imbalance limit of 77.15 and 76.30 in the short term. Indeed, this downward expectation came true. The price even passed below the zone. Support: 77.15 – 76.30 Resistance: 79.90 – 80.70
Nasdaq weakened before reaching the 13360 level. The 4-Hour EMA50 seems to have recognized the average support. The 13086 level is the current value of the average. If we see a 4-Hour close below this level, the probability of seeing further easing will increase. Support: 13086 – 13025 - 12927 Resistance: 13147 - 13235
DAX successfully achieved the target area yesterday. The price, which entered the 15950-15970 area, fell sharply without staying for a long time. Our short-term target was completed on the DAX side. Daily closings below 15733 will pave the way for a decline in the index. Support: 15752 - 15733 Resistance: 15830 - 15875
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
EURUSD parity is still maintaining its main uptrend in daily. The 20-day exponential average is shown in green on the chart. If we see a day close below this average, we will start to think that we have losses in the upward momentum. Despite the FED, there has been no change in the macro outlook. For now, the main direction is still up. Support: 1.1020 – 1.0924 Resistance: 1.1095 – 1.1157
GBPUSD The main direction in the parity is still up in the daily time frame. We can see a test of the 1.2599 level. The main direction of the price is still up. It continues to rise above the 20-day exponential average. As long as there is no closing below the average, the positive trend should continue. Support: 1.2507 Resistance: 1.2599 – 1.2740
USDJPY pair could not stay above 137. It has rapidly fallen from the 200-day average region. If it moves below the 133.85 region, it will lose significant support. It is still possible to produce upward reactions from these regions. Support: 133.85 – 132.28 Resistance: 135.15 – 136.90
Ounce gold moved to the region that is roughly the extension of the rising peak towards 2070s after the FED. We had stated that around 2050 would be tested before. Macro outlook is still positive. A day close below 1999 will disrupt the structure. Support: 2010 - 1999 Resistance: 2050 - 2067
WTI CRUDE Oil has made a sharp decline until the liquidity at the local bottom. The movements have been quite sharp in recent days. I think the reaction may continue until around 72.30. Trading in the sell direction without seeing any weakness right now carries great risk. Support: 64.40 Resistance: 70.30 – 72.30
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closing below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. Support: 72 Resistance: 76.30 – 77.15
Nasdaq weakened before reaching around 13360. It tested the imbalance zone that remained open on the daily. As long as the blue box, the boundaries of which are indicated in the visual, is not lost, we can still see upward movements. Support: 12929 - Resistance: 13092 - 13210
The region we targeted on the DAX side was successfully realized yesterday. The price that entered the 15950-15970 area did not stay for a long time and fell sharply. Our short-term target was completed on the DAX side. Daily closings below 15773 will pave the way for a decline in the index. Support: 15737 Resistance: 15856 - 15888
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
EURUSD pair is still maintaining its main uptrend in daily charts. The 20-day exponential average is shown in green on the chart. If we see a day close below this average, we will start to think that we have losses in upward momentum. Despite the FED, there has been no change in the macro outlook. For now, the main direction is still up. Support: 1.1015 – 1.0982 Resistance: 1.1095 – 1.1157
GBPUSD The main direction in the parity is still up in the daily time frame. We stated that we could see a test of the 1.2599 level. Indeed, this contact has also occurred. The main direction of the price is still up. It continues to rise above the 20-day exponential average. As long as there is no closing below the average, the positive trend should continue. Support: 1.2524 Resistance: 1.2599 – 1.2740
USDJPY parity could not stay above 137. It has been pulled down rapidly from the 200-day average region. If it passes below the 133.85 region, it will lose significant support. Although it generated reactions from the region yesterday, the expected strong recovery could not be achieved. If gold closes at 133.85, it is possible that the decline will continue to around 132.30. Support: 133.85 – 132.30 Resistance: 135.15 – 136.90
Ons The macro outlook is still positive. The upper areas targeted by the peak extensions were visited. As long as it remains above the $2004 EMA20 level, the bullish structure should be maintained. It will maintain its strong upward momentum above 2040. Support: 2050 – 2040 - 2012 Resistance: 2070
WTI CRUDE Oil has made a sharp decline until the liquidity at the local bottom. The movements have been quite sharp in recent days. I think the reaction may continue until around 72.30. Trading in the sell direction without seeing any weakness right now carries great risk. Support: 64.40 Resistance: 70.30 – 72.30
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, entering into a direct sell transaction without seeing weakness in this area carries great risk. Support: 72 Resistance: 76.30 - 77.15
Nasdaq weakened before reaching the 13360 level. It tested the imbalance zone that remained open on the daily. We can still see upward movements as long as the blue box, the borders of which are indicated in the visual, is not lost. Support: 12929 - Resistance: 13092 - 13210
DAX has not yet decisively broken the demand zone. The green average below the price has not been abandoned. A major decline in the index should not be expected unless roughly 15730 is lost. On the other hand, our upward target area of 15950-15970 has already been tested. We are not making an upward target update, the saw is dominant. Support: 15737 Resistance: 15856 - 15888
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
EURUSD parity is still maintaining its main uptrend in daily. The 20-day exponential average is shown in green on the chart. If we see a day close below this average, we will start to think that we have losses in the upward momentum. For now, the main direction is still up. Support: 1.1015 – 1.0985 Resistance: 1.1095 – 1.1157
GBPUSD The main direction in the parity is still up in the daily time frame. We stated that we could see a test of the 1.2599 level. Indeed, this contact also occurred. The strong structure of the price is maintained. In this direction, we can see the continuation of the rise towards the 1.2730 band, close to the 500-day average. Support: 1.2599 – 1.2550 Resistance: 1.2730
USDJPY parity could not stay above 137. It has been pulled down rapidly from the 200-day average region. If it passes below the 133.85 region, it will lose significant support. Although it generated reactions from the region yesterday, the expected strong recovery could not be achieved. If gold closes at 133.85, it is possible that the decline will continue to around 132.30. Support: 133.85 – 132.30 Resistance: 135.15 – 136.90
Ounce gold experienced a sharp decline last week after breaking the EMA10 in the 4-Hour period. However, there is no disruption in the main trend structure in the upper time frames. As long as it remains above roughly $2000, the main direction will be up. We can see the continuation of the upward test around $2030.. Support: 2012 – 2003 - Resistance: 2030 -
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. Although the main direction in oil is down, the imbalance zones in the upper region are also pulling the price. Short transactions should not be sought without seeing weakness. Support: 70.30 – 64.40 Resistance: 72.30 -73.90
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. It is possible that the reaction towards the 76.30 - 77.15 area will continue. Support: 72 Resistance: 76.30 - 77.15
Nasdaq did not lose its demand box and closed with a very strong candle on Friday. This momentum close gives us a signal that the targets of 13360 and 13450 may be tested in the near term. Support: 13092 - 12929 Resistance: 13360 - 13450
On the DAX side, the last day of the week was completed with a very determined candle. It seems likely that this accelerated movement will continue to rise towards the 16140 band. The main structure is still positive. Support: 15849 - 15773 Resistance: 15970 - 16140
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
EURUSD parity is still maintaining its main uptrend in daily. However, it has retreated to the main support area, the EMA20 average. If the day closes below this average, we will consider the possibility of a sharp decline in the parity. The EMA20 level we follow closely is around 1.0982. Support: 1.0982 – 1.0916 - Resistance: 1.1095 – 1.1157
The main direction in the GBPUSD parity is still upwards in the daily time frame. We stated that we could see a test of the 1.2599 level. Indeed, this contact has also occurred. The strong structure of the price is maintained. In this direction, we can see the continuation of the rise towards the 1.2730 band, close to the 500-day average. Support: 1.2599 – 1.2550 Resistance: 1.2730
USDJPY parity could not stay above 137. It has been pulled down rapidly from the 200-day average region. If it passes below the 133.85 region, it will lose significant support. Although it generated reactions from the region yesterday, the expected strong recovery could not be achieved. If gold closes at 133.85, it is possible that the decline will continue to around 132.30. Support: 133.85 – 132.30 Resistance: 135.15 – 136.90
Ounce gold experienced a sharp decline last week after breaking the EMA10 in the 4-Hour period. However, there is no disruption in the main trend structure in the upper time frames. As long as it remains above roughly $2000, the main direction will be up. We can see the continuation of the upward test around $2030. Support: 2012 – 2003 - Resistance: 2030 -
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. Although the main direction in oil is down, the imbalance zones in the upper region are also pulling the price. Short transactions should not be sought without seeing weakness. The price may also move to the imbalance of 74.50. Support: 72.30 – 70.30 Resistance: 74.50
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. We may see a decline after advancing a little further to the 78 level. Support: 76.30 - 72.00 Resistance: 77.15 - 78.10
Nasdaq did not lose its demand box and closed with a very strong candle on Friday. This momentum close gives us a signal that the targets of 13360 and 13450 may be tested in the near term. Support: 13092 - 12929 Resistance: 13360 - 13450
On the DAX side, the last day of the week was completed with a very determined candle. It seems likely that this accelerated movement will continue to rise towards the 16140 band. The main structure is still positive. Support: 15849 - 15773 Resistance: 15970 - 16140
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It has passed below the 27700 box. The desired reactions could not be achieved at this level. We can observe declines to the 26950 and 26200 levels. Support: 27510 – 26950 - 26200 Resistance: 27200 - 30000
EURUSD parity closed below the EMA20 average on daily basis as of yesterday. We will consider the possibility of a sharp decline in the parity. The day closed below 1.0982. We may see downward movements. Support: 1.0916 - Resistance: 1.1095 – 1.1157
GBPUSD The main direction in the daily time frame is still upwards. We stated that we could see a test of the 1.2599 level. Indeed, this contact also occurred. The uptrend continues, but there is a weakening in momentum. EMA10 and EMA20 levels can be followed as dynamic support. Support: 1.2599 – 1.2568 – 1.2514 Resistance: 1.2669
USDJPY parity gathered serious strength from the demand zone we mentioned before and accelerated upwards again. It tested the 135.14 intermediate level. If the reaction continues, it is possible that we will also see a test of the 136.10 level. Support: 133.90 – 132.30 Resistance: 136.10 – 136.30
Ons gold, the 4-hour rise continued. We had shown the 2030 level as a safe target. Then, our price reached the 2037 level, which is the imbalance limit. Although the direction is upward in the macro view, the loss of momentum in the 4-hour is prominent. Support: 2027 - 2025 - 2012 Resistance: 2037-
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. Although the main direction in oil is down, the imbalance zones in the upper region are also pulling the price. Short transactions should not be sought without seeing weakness. The price may also move to the imbalance of 74.50. Support: 72.30 – 70.30 Resistance: 74.50
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. We may see a decline after advancing a little further to the 78 level. Support: 76.30 - 72.00 Resistance: 77.15 - 78.10
Nasdaq is retreating to the daily imbalance zone of 13100-13190. As long as it does not lose the zone, we can still see upward movements. The averages have not been lost in the daily time frame either. It may want to test the targets of 13360 and 13450. Support: 13190 - 13100 Resistance: 13360 - 13450
There was a pullback to the daily imbalance zone on the DAX side. The price still seems to be accelerating. As long as the zone expressed by the 15932-15826 limits is not lost, we can expect the upward movements to continue. Support: 15932 - 15826 Resistance: 15970 - 16140
USDJPY broke through the 200-day exponential average area, where it was previously subject to a sharp sell-off. The price also closed strongly above 133.73. The expectation of 135.14 increased its probability. The area should be reached after the upward movement. Support: 134.06 - 133.73 – 132.91 Resistance: 135.14 – 137.17
Ounce gold, although it was exposed to sharp declines yesterday, managed to recover quickly. It closed above EMA20 support again in the daily. Price will remain strong above 1990. Above 1990, it can target the 2014 and 2025 regions. Support: 2014 - 2025 Resistance: 1990 - 1985
WTI CRUDE Oil daily chart has seen the declines we expected with the loss of average support. The price quickly moved to the intersection area of the 20 and 100-day averages. If it cannot return from the 78.40 area, it is likely to retreat to the EMA50 area in the 77.25 area. Support: 78.40 – 77.25 Resistance: 81.60 – 82.50
BRENT Oil experienced a rapid decline immediately after losing the average support area we mentioned. The averages we mentioned as possible decline targets were touched. If the price cannot hold above $82, the declines are likely to continue Support: 82.00 – 79.90 Resistance: 82.70 – 83.55
Nasdaq 4-Hour imbalance continues to remain above the demand zone. As long as this holding continues, we will expect the bullish scenario in the index to continue. 13360 region can be followed as a potential target. Support: 13030 - 12970 Resistance: 13220 - 13360
DAX continues to move above moving averages. 4-hour EMA10 average was pulled. 15877 level seems to be a close support. 4-hour main support is 15850 area. Support: 15855 - 15820 Resistance: 15900
EURUSD pair closed below the EMA20 average on daily basis. We will consider the possibility of a sharp decline in the pair. An important support such as the 20-day exponential average was lost. Support: 1.0912 - Resistance: 1.1095 - 1.1157
The main direction in the GBPUSD pair is still up in the daily time frame. We stated that we could see a test of the 1.2599 level. Indeed, this contact also occurred. The uptrend continues, but there is a weakening in momentum. EMA10 and EMA20 levels can be followed as dynamic support. Support: 1.2599 – 1.258 – 1.2525 Resistance: 1.2669
USDJPY pair showed weakness before reaching 136.10. Price pulled back to 200-day average support area. If 133.90 area is lost and closed below, a pullback to 132.30 band is possible. Support: 133.90 – 132.30 Resistance: 135.14 – 136.30
Ons gold side, the EMA10 average is still regularly relied on in the daily time frame. The price continues to make daily closings above this average. 2022 and 2010 levels can be considered average supports. If it closes below 2010, it will be an effective signal for the end of the upward momentum. Support: 2022 - 2010 Resistance: 2050-
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. Although the main direction in oil is down, the imbalance zones in the upper region are also pulling the price. Short transactions should not be sought without seeing weakness. The price may also move to the imbalance of 74.50. Support: 72.30 – 70.30 Resistance: 74.50
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. However, directly entering into a sell transaction without seeing weakness in this area carries great risk. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. We may see a decline after advancing a little further to the 78 level. Support: 76.30 - 72.00 Resistance: 77.15 - 78.10
On the Nasdaq side, the 13360 level that we mentioned as two important targets has been reached. The price is still maintaining its upward momentum. 13450 level should also be the next target. Support: 13190 - 13100 Resistance: 13450
There was a pullback to the daily imbalance zone on the DAX side. The price still seems to be accelerating. As long as the zone expressed by the 15932-15826 limits is not lost, we can expect the upward movements to continue. Support: 15932 - 15826 Resistance: 15970 - 16140
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It has passed below the 27700 box. The desired reactions could not be achieved at this level. We can observe declines to the 26950 and 26200 levels. Support: 27510 – 26950 - 26200 Resistance: 27200 - 30000
We observed that the active demand zone on the Natural Gas side is the 4-Hour OrderBlock structure. The blue box represents a strong zone. We had stated that the price could still recover from this zone and go up. It seems that an upward movement has started near the center of the zone Support: 1.99-1.89 Resistance: 2.40
If we look at the EURUSD parity on the daily chart, we will see that it is still moving above the averages and maintaining its main uptrend. The 1.0960 and 1.0920 areas can be followed as close support. 1.099 is the 4-Hour imbalance target. Support: 1.0960 – 1.0920 Resistance: 1.0999
GBPUSD parity also tested the upper limit of the imbalance we pointed out in the 4-hour time frame. The short-term uptrend target has been completed. The box marked with blue borders on the chart worked twice as an active demand zone. As long as the zone is maintained, the main trend should be up. Support: 1.2395 – 1.2378 Resistance: 1.2464 – 1.2493
USDJPY had previously exceeded the 200-day exponential average area, where it was subject to a sharp sell-off. It then tested the 135.14 level and completed the target. After the pullback, it can be seen as positive that it remained above the 200-day exponential average support. Support: 133.76 – 133.48 Resistance: 135.14 – 137.17
Ounce gold came below the EMA20 average on the last day of the week. This is a short-term sell signal for us. The resulting weakness may take the price to the 1949-1966 area. EMA20, which has been below the price for a long time, is now positioned above the price. Support: 1966- 1949 Resistance: 1986 - 1994
WTI CRUDE Oil showed the pullback we targeted. However, it could not give enough reaction from the 4-Hour EMA200 area. It will probably pull back towards the gap limit that was formed before. The 75.70 band is the area where the decline is expected to continue. Support: 77.11 – 75.70 Resistance: 78.00 – 79.00
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The price has fallen to the averages we mentioned. If the day closes below 1.0896, the declines may continue. Support: 1.0896 Resistance: 1.0969
BRENT Oil fell as expected. It could not find support from the moving averages area. It seems likely that the decline will continue towards the 79.90 area, where the price gap is formed. Support: 79.90 Resistance: 82.70 – 83.55
GBPUSD parity also experienced a sharp decline parallel to EURUSD. This decline continued until the EMA20 level, which we consider as an important support. If the 1.2515 level is lost and the day and week close below it, the declines in the parity will continue. Support: 1.2515 – 1.2398 Resistance: 1.255 – 1.2599
Nasdaq has lost the 4-Hour EMA100 area. The price's upward momentum seems to have weakened. In the short term, we may see a pullback to the 12880 area. If the EMA20 area on the daily is broken hard, the pullback to around 12710 may continue. Support: 12880 - 12710 Resistance: 13000 - 13020
USDJPY pair showed weakness before reaching 136.10. Price pulled back to 200-day average support area. If 133.90 area is lost and closed below, a pullback to 132.30 band is possible. Support: 133.90 – 132.30 Resistance: 135.14 – 136.30
DAX has returned to a key demand zone. As long as the price remains above 15830, it will have the potential to turn upwards. If it settles below 15830, we will conclude that the downside is dominant. Support: 15830 - 15780 Resistance: 15875 - 15900
Ounce gold is struggling to hold on to the 20-day exponential average support. If the average, which has been tested many times before, is broken this time and closed below it, the technique will be disrupted. Roughly, the 2010 level is being followed. Support: 2010 Resistance: 2035 - 2050
Bitcoin triggered a decline with the loss of the EMA20 average in the daily time frame. Bitcoin, which has been trading above this average for a long time, experienced a decline when it lost its rule. $22275 can be followed as the 50-day exponential average support. If it is lost, the decline will continue. Support: 27275 – 26800 Resistance: 29100
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. The price showed weakness and headed down before reaching the 74.50 level. The main direction still seems down. Support: 70.30 – 68.10 Resistance: 72.30
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. The decline started again before reaching the 78 level. It may retreat to around 73.70. Support: 73.70 - 72.00 Resistance: 76.30 - 77.15
On the Nasdaq side, the 13360 level, which we mentioned as two important targets, has been reached. The price is still maintaining its upward momentum. The 13450 level should be the next target. Support: 13190 - 13100 Resistance: 13450
There was a pullback to the daily imbalance zone on the DAX side. The price still seems to be accelerating. As long as the zone expressed by the 15932-15826 limits is not lost, we can expect the upward movements to continue. Support: 15932 - 15826 Resistance: 15970 - 16140
Both of the downward targets we pointed out in Bitcoin have now been realized. The price touched the EMA100 support in the daily view. After that, a hold at the average level should be observed. Support: 26200 - 24700 Resistance: 26950 - 27200
If we look at the EURUSD parity on the daily chart, we will see that it is still moving above the averages and maintaining its main uptrend. The 1.0987 and 1.0940 areas can be followed as close support. 1.099 successfully reached the 4-Hour imbalance target. The progress towards the 1.1095 level may continue Support: 1.0960 – 1.0920 Resistance: 1.1095
GBPUSD parity also tested the upper limit of the imbalance we pointed out in the 4-hour time frame. The short-term uptrend target has been completed. The box marked with blue borders on the chart worked twice as an active demand zone. As long as the zone is maintained, the main trend should be up. Support: 1.2464 – 1.2441 Resistance: 1.2518 – 1.2599
USDJPY is still trading above an important support level on the daily. As long as the price remains above 133.75, we are still likely to see sharp upward movements. A possible medium-term bullish scenario up to the 137 band may come to the fore as long as it remains above 133.75. Support: 133.76 – 133.48 Resistance: 135.14 – 137.17
Ounce gold accelerated upwards from the 4-Hour OB upper zone. As long as it closes above 1990, it is likely that we will see upward movements again. 2014 and 2025 can be monitored as sequential targets. Support: 1990 – 1970 - 1949 Resistance: 2014 - 2025
WTI CRUDE Oil caught a sharp acceleration above the box limit. Although it did not happen in its first attempt, the second impulsive wave was relatively more effective. The price may intend to close the imbalance around 79.75. Support: 78.25 – 77.60 Resistance: 79.75 – 80.15
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The price fell to the averages we mentioned. Friday's close was also completed with a very negative candle. The direction in the parity seems down. The decline to around 1.077, which is marked in blue on the chart, may continue. Support: 1.0776 Resistance: 1.0892 - 1.0906
BRENT Oil realized its decline as expected. It could not find support from the moving averages area. It rapidly rose to the 82.70 level, which we expressed as resistance from where it reacted yesterday. The price got stuck in this area. If it goes above 82.70, a test of 83.80 is expected in the short term. Support: 82.06 Resistance: 83.30 – 84.40
GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. It is trading on the negative side. It may take a while to pull back to the 50-day average of 1.2398. Support: 1.2398 – 1.2378 – 1.2335 Resistance: 1.2505 – 1.2525
Nasdaq has lost the 4-Hour EMA100 area. The price's upward momentum seems to have weakened. We saw a test towards the 12880 area in the short term. The nearby support worked. However, the price has not gained the necessary momentum yet. Weakness should continue below 13000. Support: 12880 - 12790 Resistance: 13000 - 13020
USDJPY pair reached the target area with the strengthening of the dollar index. 136.10 contact was achieved. If it is settled above 137 and remains constant, the main trend of the pair should continue upwards. Support: 135.15 – 133.95 Resistance: 137.05 -
DAX has returned to a key demand zone. As long as the price remains above 15830, it will have the potential to turn upwards. If it settles below 15830, we will conclude that the downside is dominant. Support: 15830 - 15800 Resistance: 15875 - 15900
Dollar/Turkish Lira parity may show sharper increases with the second round of elections. Turkish Lira always tends to lose value. The main trend direction continues to be upward. Our weekly average support EMA10 current value can be monitored as 19.32. Support: 19.32 – 19.08 Resistance: 20.00
Natural Gas accepted the 2.16 level as support. This level is respected in 4-hour. If the level is lost, the 1.98-2.06 box will be the target for a fall again. We had stated the 2.26 level as the close target, and it happened. If it can stay above 2.26, the price expansion may continue to around 2.40. Support: 2.16 – 2.06 – 1.98 Resistance: 2.26 – 2.40
Ounce gold is struggling to hold on to the 20-day exponential average support. If the average, which has been tested many times before, is broken this time and closed below it, the technique will be disrupted. Roughly, the 2010 level is being followed. Support: 2010 Resistance: 2035 - 2050
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. A reaction increase occurred around 72.30, which was within our expectation. The price showed weakness and turned down before reaching the 74.50 level. The main direction still seems down. Support: 69.80 - 68.10 - 64.40 Resistance: 70.30 - 72.30 - 74.50
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. The decline started again before reaching the 78 level and reached our target close to 73.70. Support: 73.70 - 72.00 Resistance: 76.30 - 77.15
Nasdaq side, the 13360 level that we mentioned as two important targets has been reached. The price is still maintaining its upward momentum. The 13450 level may also be its next target. The trend direction has not yet turned down in the daily. Support: 13250 - 13160 Resistance: 13450
There was a pullback to the daily imbalance zone on the DAX side. The price still seems to be accelerating. As long as the zone expressed by the 15932-15826 limits is not lost, we can expect the upward movements to continue. It gained serious strength from the imbalance zone. It can target the upper zones again. Support: 15830 - Resistance: 15970 - 16140
EURUSD parity went to the Rejection Block level in the same time frame instead of going to the daily peak. Swing zones are the areas where the body boundaries of two daily candles overlap. 1.0947 zone is a potential demand area. The reaction movement can be expected to continue for a while. Support: 1.0947 – 1.088 Resistance: 1.1009 - 1.1095
GBPUSD parity also tested the upper limit of the imbalance we pointed out in the 4-hour time frame. Short-term uptrend target completed. The box marked with blue borders on the chart worked twice as an active demand zone. As long as the zone is maintained, the main trend should be up. Support: 1.2378 – 1.2335 Resistance: 1.2502 – 1.2599
USDJPY has fallen below the EMA200 level on the daily. It has lost its upward momentum in the short term. However, there is also a 50-day exponential average just below the price as support. There is still a possibility of an upward continuation above 133.40. Support: 133.40 – 132.55 Resistance: 135.14 – 137.17
Ounce gold accelerated upwards from the 4-Hour OB upper zone. As long as it closes above 1990, we are likely to see upward movements again. The price has moved to the positive side. 2012 and 2025 levels are short-term targets. Support: 1990 – 1970 - 1949 Resistance: 2012 - 2025
WTI CRUDE Oil caught a sharp acceleration above the box limit. Although it did not happen in its first attempt, the second impulsive wave was relatively more effective. The price may intend to close the imbalance around 79.75. Support: 78.25 – 77.60 Resistance: 79.75 – 80.15
Nasdaq 4-Hour EMA200 and SMA200 were pulled back to the support zone. Although there were rapid breaches below this zone, a rapid recovery was observed. Unless the price can close above 12925, the daily EMA20 will be lost. Support: 12790 - 12770 Resistance: 12920 - 12925
DAX has lost its important demand area. At the same time, it has also moved below the 4-Hour EMA50 indicator. Weakness continues below 15800. We may see a decline to around 15700. Support: 15805 - 15705 Resistance: 15830 - 15875
EURUSD When it lost its 20-day exponential average, it actually gave a clear signal of weakness. The price fell to the averages we mentioned. Friday's close was also completed with a very negative candle. The direction in the parity seems down. The decline to around 1.078, which is marked in blue on the chart, may continue. Support: 1.0778 Resistance: 1.0891 - 1.0904
GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. It is trading on the negative side. It may take a while to pull back to the 50-day average of 1.2405. Support: 1.2510 – 1.2405 Resistance: 1.2534 – 1.2599
USDJPY pair reached the target area with the strengthening of the dollar index. 136.10 contact was achieved. If it is settled above 137 and remains constant, the main trend of the pair should continue upwards. Support: 135.15 – 133.95 Resistance: 137.05 -
Ounce gold is struggling to hold on to the 20-day exponential average support. If the average, which has been tested many times before, is broken this time and closed below it, the technique will be disrupted. Roughly the 2010 level is being followed. Support: 2010 - 1977 Resistance: 2035 - 2050
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. The reaction increase occurred around 72.30, which was within our expectation. The price showed weakness and turned down before reaching the 74.50 level. The main direction still seems down. The six-day closing at 69.80 will accelerate the decline. Support: 69.80 - 68.10 - 64.40 Resistance: 70.30 - 72.30 - 74.50
BRENT Oil continued its sharp decline to the local bottom. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. The reaction we expected to come towards the 76.30 - 77.15 region has been completed. The decline started again before reaching the 78 level and reached our target close to 73.70. If the day's closing comes below, the decline should accelerate. Support: 73.70 - 72.00 Resistance: 76.30 - 77.15
Nasdaq side, the 13360 level that we mentioned as two important targets has been reached. The price is still maintaining its upward momentum. 13450 level may also be its next target. The trend direction has not yet turned down in the daily. Support: 13280 - 13180 Resistance: 13450
EURUSD The upper level 1.1095 target that we specified as resistance in the parity was completed as of yesterday. If the price can hold above EMA10/EMA20 on the 4-Hour charts, the upward momentum will be maintained. Support: 1.1036 – 1.1023 Resistance: 1.1095
GBPUSD parity also tested the upper limit of the imbalance we pointed out in the 4-hour time frame. The short-term uptrend target has been completed. The box marked with blue borders on the chart worked twice as an active demand zone. As long as the zone is maintained, the main trend should be up. Support: 1.2465 – 1.2457 Resistance: 1.2502 – 1.2599
USDJPY has fallen below the EMA200 level on the daily. It has lost its upward momentum in the short term. However, there is also a 50-day exponential average just below the price as support. There is still a possibility of an upward continuation above 133.40. Support: 133.40 – 132.55 Resistance: 135.14 – 137.17
Ounce gold accelerated upwards from the 4-Hour OB upper zone. As long as it closes above 1990, we are likely to see upward movements again. The price has moved to the positive side. 2012 and 2025 levels are short-term targets. Support: 1990 – 1970 - 1949 Resistance: 2012 - 2025
WTI CRUDE Oil gap limit lost 75.70 level. It closed the day with a willing seller candle. We find it possible that the declines will continue and progress until the imbalance in the lower region. 72.30 and 70.30 levels can be tested respectively. Support: 72.30 – 70.30 Resistance: 75.70 -
BRENT Oil price lost its gap limit. It broke below the averages. Our expectation of a downward trend is strong. In the short term, it can be pulled to around 77.15 and 76.30, which are imbalance limits. Support: 79.90 Resistance: 77.15 – 76.30
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The price has fallen to the averages we mentioned. The direction in the parity seems down. The decline to around 1.078, which is marked in blue on the chart, may continue. Support: 1.0778 Resistance: 1.0891 – 1.0904
Nasdaq 4-Hour EMA200 and SMA200 were pulled back to the support area. Although there were rapid breaches under this area, a rapid recovery was observed. As long as the price cannot close above 12925, the daily EMA20 will be lost. We may see a reaction to the 12940 area. Support: 12860 - 12800 Resistance: 12940 - 12300
GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. It is trading on the negative side. It may take longer to pull back to the 50-day average of 1.2405. Support: 1.2406 Resistance: 1.2504 – 1.2517
DAX gave a quick test to the 15700 area that we mentioned before. The movement was recorded as liquidity cleaning. 15690 EMA20 support in the logs. We will not expect a full decline unless this level is broken. Upward reactions may continue. Support: 15690 Resistance: 15800 - 15830
USDJPY pair reached the target area with the strengthening of the dollar index. 136.10 contact was achieved. If it is settled above 137 and is permanent, the main trend of the pair should continue upwards. In the short term, it may test the 200-day average just above it. Support: 135.15 – 133.95 Resistance: 137.05 -
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
Ounce gold broke the 20-day exponential average support as of yesterday's closing. The weaknesses that occurred one after another actually pointed to this possibility. Price should continue to pull back towards the 50-day average support band of 1977. A downward movement seems likely. Support: 1977 Resistance: 2006
demand zone can be determined for Natural Gas. As long as the area expressed by the 2.04-2.10 boundaries is maintained, our direction in natural gas will be upwards. If it is lost, the 1.92 zone will come to the agenda. As long as the hold is maintained on the box, the target will be the 2.40 band. Support: 2.10 – 2.04 Resistance: 2.40
WTI CRUDE Oil had made a sharp decline until the liquidity at the local bottom. The reaction increase occurred around 72.30, which was within our expectation. The price showed weakness and turned down before reaching the 74.50 level. The main direction still seems down. The six-day closing at 69.80 will accelerate the decline. Support: 69.80 - 68.10 - 64.40 Resistance: 70.30 - 72.30 - 74.50
BRENT Oil continued its sharp decline to the local bottom area. Roughly, the next day's closings below the 72 band will trigger the continuation of the decline. The reaction we expected to come towards the 76.30 - 77.15 area has been completed. The decline started again before reaching the 78 level and reached our target close to 73.70. If the day's closing comes below, the decline should accelerate. Support: 73.70 - 72.00 Resistance: 76.30 - 77.15
Nasdaq side, the level of 13450, which we have been eyeing as the last target, was completed with yesterday's rise. The resistance formed by the 500-day price average seems to have worked for now. The price was not allowed to close above this average. Support: 13320 - 13210 Resistance: 13450
There was a pullback to the daily imbalance zone on the DAX side. The price still seems to be accelerating. As long as the zone expressed by the 15932-15826 limits is not lost, we can expect the upward movements to continue. It gained serious strength from the imbalance zone. It can target the upper zones again. Support: 15840 - Resistance: 15970 - 16140
The daily outlook for the EURUSD pair is still positive. It continues to close above the 10 and 20-day exponential averages. The 20-day average is a good indicator to understand the stability of the trend. The 1.0998 and 1.0956 regions can be followed as close supports. Support: 1.0998 – 1.0956 Resistance: 1.1095
GBPUSD pair is trading above its 10 and 20-day exponential averages in the daily time frame. The trend direction is still upward. It has also successfully completed the 1.2502 imbalance target. If the positive trend is maintained and remains above the averages, it may have a close target of 1.2599. Support: 1.2457 – 1.2420 Resistance: 1.2599 – 1.2750
USDJPY showed a rapid recovery by not closing below the 50-day exponential average level, the importance of which we have previously mentioned. In the short term, it seems likely that the movement will continue to around 135.14. Afterwards, it is likely to target the 200-day average resistance seen in the upper region. Support: 133.50 – 132.30 Resistance: 135.14 – 137.00
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The price has fallen to the averages we mentioned. The direction in the parity seems down. The decline to around 1.078, which is marked in blue on the chart, may continue. Support: 1.078 Resistance: 1.0868 – 1.0899
Ounce gold tends to experience weakness below the 1990 level in the 4-hour view. On the other hand, the 200-period averages expressed in orange in the 4-hour chart can be a support element for the price. 1978 and 1969 may put the price back into an uptrend as a result of the pullbacks. Support: 1978 - 1969 Resistance: 2012 - 2025
GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. It is trading on the negative side. It may take longer to pull back to the 50-day average of 1.2409. Support: 1.2409 Resistance: 1.2502 – 1.2510
WTI CRUDE Oil gap limit lost 75.70 level. It closed the day with a willing seller candle. We find it possible that the declines will continue and progress until the imbalance in the lower region. 72.30 and 70.30 levels can be tested respectively. Support: 72.30 – 70.30 Resistance: 75.70 -
USDJPY pair reached the target area with the strengthening of the dollar index. It maintained its strong movement up to the 200-day average target. The price is still above the resistance area. Momentum is maintained, it may continue to rise to the 140 area. Support: 137.10 – 136.10 Resistance: 140.00 -
BRENT Oil price lost its gap limit. It broke below the averages. Our expectation of a downward trend is strong. In the short term, it can be pulled to the imbalance limit of 77.15 and 76.30. Support: 79.90 Resistance: 77.15 – 76.30
Nasdaq has gained serious momentum again. The price seems to be still willing to continue upwards. It had returned from the 4-hour 200-period averages, a meaningful demand area. The price has the potential to test around 13360. Support: 12950 - 12800 Resistance: 13200 - 13360
DAX found decisive support from the 100-period average area, indicated in blue. This move in the 4-hour period brought the index back to the positive side. As long as it remains above the box, it can target the 15950-15970 area. Support: 15830 Resistance: 15950-15970
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking Support: 27700 Resistance: 30000
EURUSD pair tested our targeted final level last Wednesday. It then suffered a deep pullback. At this point, it is likely that the price will continue to pullback. The 1.0998 and 1.096 areas can be monitored as close supports. Support: 1.0998 – 1.096 Resistance: 1.1095
GBPUSD pair gained significant upward momentum on Friday in the daily time frame. The price approached the 1.2599 level that we follow as the final target. As long as the price remains above 1.2520, it will tend to advance towards its target. Support: 1.2547 – 1.2520 Resistance: 1.2599
We had set the 135.14 and 137 levels as targets for the USDJPY pair. Both of these levels were successfully reached. Expectations were completed. The price may slow down again around 137. Support: 135.15 - 133.75 Resistance: 137.00 - 140.50
Ounce gold tends to experience weakness below the 1990 level in the 4-hour view. On the other hand, the 200-period averages expressed in orange on the 4-hour chart can be a support element for the price. 1981 and 1971 may put the price back into an uptrend as a result of pullbacks. The loss of the regions triggers the continuation of the decline. Support: 1981 - 1971 Resistance: 2012 - 2025
WTI CRUDE Oil gap limit lost 75.70 level. It closed the day with a willing seller candle. We find it possible that the declines will continue and progress until the imbalance in the lower region. 72.30 and 70.30 levels can be tested in turn. Support: 72.30 – 70.30 Resistance: 75.70 – 77.00
EURUSD When it lost its 20-day exponential average, it actually gave a clear signal of weakness. The price has fallen to the averages we mentioned. The direction in the parity seems to be down. The 100-day average we pointed out was touched yesterday. It may continue to fall to the 1.0727 and 1.0686 bands below 1.078. Support: 1.0727 – 1.0686 Resistance: 1.078
BRENT Oil price lost its gap limit. It broke below the averages. Our expectation of a downward trend is strong. In the short term, it can be pulled to the imbalance limit of 77.15 and 76.30. Support: 77.15 – 76.30 Resistance: 79.90 – 80.70
GBPUSD parity also experienced a sharp decline parallel to EURUSD. EMA20, which we consider as an important support, was also lost. A decline occurred to the 50-day average that we pointed out. The decline may continue below 1.2407 to the 1.2350 band. Support: 1.2378 – 1.2350 Resistance: 1.2407
Nasdaq has gained serious momentum again. The price seems to be still willing to continue upwards. It had returned from the 4-hour 200-period averages, a meaningful demand area. The price has the potential to test around 13360. Support: 13160 - 13085 Resistance: 13360
USDJPY pair reached the target area with the strengthening of the dollar index. It maintained its strong movement up to the 200-day average target. The price is still above the resistance area. Momentum is maintained, the rise to the 140 area may continue. Support: 137.10 – 136.10 Resistance: 140.00 -
DAX found decisive support from the 100-period average region, indicated in blue. This move in the 4-hour period brought the index back to the positive side. As long as it remains above the box, it can target the 15950-15970 region. Support: 15875 - 15830 Resistance: 15950- 15970
Ounce gold broke the 20-day exponential average support as of yesterday's closing. The weaknesses that occurred one after another actually pointed to this possibility. The price triggered the second wave of declines by closing below the 50-day average target. Declines may continue until roughly the 1930 region. Support: 1930 Resistance: 1975 - 1997
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. It will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking. Support: 27700 Resistance: 30000
WTI Crude Oil gained momentum from 69.80. There is still an open call at 74.50. The price is likely to move upwards towards this area. Support: 69.80 - 64.40 Resistance: 74.50
The main movement direction on the Nasdaq side is still up. It achieved all our uptrend targets, including 13720. However, there is a supply zone that has been in the past and is important in the place marked with pink borders. For this reason, sharp reversals and weakening in lower time frames may occur for the region. Support: 13720 – 13512 Resistance: 13990 - 14240
DAX reached the target of 16140 with its momentum candle as we mentioned yesterday. A contact of the upper target level 16285 seems possible. EMA10 and EMA20 can be followed as before to continue the trend in the index. Support: 16012 - 15916 Resistance: 16285
EURUSD parity is still maintaining its main uptrend in daily. The 20-day exponential average is shown in green on the chart. If we see a day close below this average, we will start to think that we have losses in the upward momentum. For now, the main direction is still up. Support: 1.096 – 1.0928 Resistance: 1.1095
GBPUSD The main direction in the daily time frame is still up. It is trading above the 10-day exponential average. We can see a test of the 1.2599 level. There is a white 500-day average appearing above the 1.2748 level. The price may even be driven to this area in the coming period. Support: 1.2480 – 1.2440 Resistance: 1.2599 – 1.2740
USDJPY We had specified 135.14 and 137 levels as targets. Both of these determined levels were successfully reached. Expectations were completed. The price exceeded the area we considered as resistance. In the upcoming period, it is possible for the parity to advance towards the box indicated by the blue borders. Around 140 may be the target. Support: 137.00 – 135.15 Resistance: 137.93 - 140.00
Ounce gold tends to experience weakness below the 1990 level in the 4-hour view. On the other hand, the 200-period averages expressed in orange on the 4-hour chart can be a support element for the price. 1983 and 1972 may put the price back into an uptrend as a result of the pullbacks. The loss of the regions triggers the continuation of the decline. Support: 1983 - 1972 Resistance: 2012 - 2025
WTI CRUDE Oil gap limit lost 75.70 level. It closed the day with a willing seller candle. We find it possible that the declines will continue and progress until the imbalance in the lower region. 72.30 and 70.30 levels can be tested in turn. Support: 72.30 – 70.30 Resistance: 75.70 – 77.00
BRENT Oil price lost its gap limit. It broke below the averages. Our expectation of a downward trend is strong. In the short term, it can be pulled to the imbalance limit of 77.15 and 76.30. Support: 77.15 – 76.30 Resistance: 79.90 – 80.70
Nasdaq has gained serious momentum again. The price seems to be still willing to continue upwards. It had returned from the 4-hour 200-period averages, which is a meaningful demand area. The price has the potential to test around 13360. Support: 131210 – 13160 Resistance: 13360
DAX found decisive support from the 100-period average area, indicated in blue. This move in the 4-hour period brought the index back to the positive side. As long as it remains above the box, it can target the 15950-15970 area. Support: 15875 - 15830 Resistance: 15950-15970
Bitcoin experienced a sudden rise yesterday followed by a deep fall. There is a level we have determined to follow the strength of the price. will continue to remain positive above 27700. If it goes below 27700 and closes, BTC will be out of tracking. Support: 27700 Resistance: 30000
**A demand zone can be determined for natural gas. As long as the area expressed by the 2.04-2.10 boundaries is maintained, our direction for natural gas will be upwards. If it is lost, the 1.92 zone will come to the agenda. As long as the hold is maintained on the box, the target will be the 2.40 band. Support: 2.10 – 2.04 Resistance: 2.40
EURUSD parity is still maintaining its main uptrend in daily. The 20-day exponential average is shown in green on the chart. If we see a day close below this average, we will start to think that we have losses in the upward momentum. For now, the main direction is still up. Support: 1.0926 – 1.087 Resistance: 1.1095
GBPUSD The main direction in the parity is still up in the daily time frame. We can see a test of the 1.2599 level. The main direction of the price is still up. It continues to rise above the 20-day exponential average. As long as there is no closing below the average, the positive trend should continue. Support: 1.2442 Resistance: 1.2599 – 1.2740
We had specified 135.14 and 137 levels as targets for the USDJPY pair. Both of these determined levels were successfully reached. Expectations were completed. The price exceeded the area we considered as resistance. In the upcoming period, it is possible for the pair to advance towards the box indicated by the blue borders. The target may be around 140. Support: 135.15 – 133.9 Resistance: 137.80 - 140.00
Ounce gold gathered strength by recognizing the 200-period exponential and simple averages region in the 4-hour view. It was expected to carry an upward potential as long as the averages were not lost. The $2012 target was realized with this movement. As long as the day closes above 1992, the main direction will continue to be up. Support: 2012- 1997 Resistance: 2025 – 2031 - 2050
The main movement direction on the Nasdaq side is still up. It has achieved all our upside targets, including 13720. However, this area marked with pink borders is a price instability area on the daily time frame. For this reason, it seems difficult for the price to break out of this level quickly. Corrections may be seen. It may be risky to build a long position again. Support: 13720 – 13610 Resistance: 13960
WTI On the CRUDE Oil side, the 68.50-70.00 region is important. If the box is lost and goes below, we will look at it negatively. However, as long as the box stays above, our expectation is for the rise to continue. There is no change in potential targets. Support: 68.50 Resistance: 77.85 - 79.85
DAX reached the 16140 target with its momentum candle as we mentioned yesterday. The upper target level 16285 contact was also successfully achieved. Although the direction is still upwards in the macro view, these are the old peak areas. The 4-Hour EMA10 average was lost and the strong momentum of the rise was damaged. Support: 16140 - 15970 Resistance: 16285
BRENT Oil cleared the stops with its sharp move. We care about the 73.40-74.10 area. If the area is lost and settled below, we will look at it negatively. As long as it stays above, the expectation that the price will turn up again is dominant. The 80-81.30 area is a potential target. Support: 75.20 - 74.10 - 73.40 Resistance: 80.05 - 81.30
Nasdaq has reached the box marked with yellow borders. This area was a supply area where sellers would dominate. However, the outlook is strong, there is no weakness. There are no signs of a decline. If the price regains the area, it may continue its upward trend. Support: 14500 - 14300 Resistance: 14650
On the DAX side, potential is still high above 15930. Once 16020 is exceeded, it is likely to go to the 16140-16190 region. Support: 15885 - 15835 - 15700 Resistance: 16110 - 16140 - 16190
Bitcoin was subject to panic-driven sales after the SEC filed a lawsuit against Binance. It recovered very quickly with the same momentum yesterday. Lost levels were gained. The 25200-25300 area is important. It may regain upward momentum as long as it remains above the 200-day average. Support: 25250 - 23900 Resistance: 27300
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The 100-day average is also about to be lost in the current situation. The direction in the parity still seems down. The reaction did not gain enough momentum. We may see the continuation of the declines. Support: 1.0727 – 1.0686 Resistance: 1.0876 – 1.089
GBPUSD side produced upward reactions from the 50-day average region. However, it did not give the price the opportunity to create a new wave of movement. It is being pulled back to the 50-day average that we pointed out. If we see a day close below 1.2410, it is highly likely that we will see continued losses in the parity. Support: 1.241 – 1.2378 – 1.2335 Resistance: 1.2480
USDJPY parity maintains its lively appearance along with the strength of the dollar index. The direction still seems to be upwards. It is highly probable that the area surrounded by green borders in the upper region will be tested. Support: 137.10 – 136.10 Resistance: 140.00 -
Ounce gold should test the 1988 region in the short term as long as it holds above 1973. The price is trying to settle on the short averages in the 4-Hour period again. The test of the pink region may continue. Support: 1973 Resistance: 1988 - 2007
WTI Crude Oil gained momentum from 69.80. There is still an unclosed imbalance at 74.50. It seems likely that the price will move upwards towards this area. After the imbalance is completely closed and liquidity is cleared, it may continue downwards in the direction of the main movement. Support: 69.80 - 64.40 Resistance: 74.50
BRENT Oil received a decisive reaction from the daily imbalance level. It seems possible that it will test the open price imbalance area in the upper region, namely around 78.10. The direction expectation for the later will remain down. The market structure tends to decline in the upper time frames. Support: 73.70 – 72.00 Resistance: 78.10
The main movement direction on the Nasdaq side is still up. It achieved all our uptrend targets including 13720. We stated that the pink zone is an effective supply area and drew attention to possible sales. Indeed, the sales we mentioned came. The relaxation may continue to around 13600. Support: 13610 - 13450 Resistance: 13960
EURUSD gained strength from the 200-day exponential average and accelerated sharply. 1.074 can be considered as a close support. 1.0845 is the target that can be followed for the increase. For now, the probability of an increase in the parity is dominant. Support: 1.074 - 1.0664 Resistance: 1.0845 -
DAX After finally seeing the 16285 target, we did not make any upward target updates. Subsequently, the index experienced an accelerated decline with the weakening of momentum in the 4-Hour. If 16060 is lost, its easing towards the 15970 band may continue. Support: 16060 - 15970 Resistance: 16140
GBPUSD tested the areas we specified. It also tested the imbalance areas in the daily. 1.2493 can be considered as support. Support: 1.2493 Resistance: 1.2577 - 1.2602
Bitcoin will again want to test the 27700 band, which we see as a key level. If it can settle above the level, it can give the first step of a nice uptrend. The 100-day average has created an effective support. Although multiple tests were provided, there was no closing below it. 26400 can be considered an important support. Support: 26400 Resistance: 27700
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making a slight correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.86 is not lost. Support: 138.86 - 137.33 Resistance: 140.50 - 141.08
Ounce gold has a support potential of 1949-1955 area. As long as the price stays above this box, the upside should prevail. First 1975 and then 1985-1993 area becomes the target. Support: 1955 - 1949 Resistance: 1975 - 1985 - 1993
BRENT Although oil received reactions from the 74.10-73.40 demand zone, it could not produce a decisive upward movement. If settlement occurs below the 71.70 band, the price may ease towards the 67.50 zone. Support: 71.70 - 67.60 Resistance: 73.40 - 74.10
Nasdaq is strong. Yellow box is broken. The direction of movement is still up. The 15167 area can be followed as a potential target. There is no deterioration in the upper time frames. Support: 14720 - 14650 Resistance: 15165
On the DAX side, the target region, namely the 16140-16190 band, was successfully reached. The bullish atmosphere continues on the foreign indexes side. Nasdaq has a relatively stronger structure compared to DAX. Support: 16020 - Resistance: 16285
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The 100-day average has also been clearly lost in the current situation. The direction in the parity still seems down. The reaction did not gain enough momentum. We can see the declines continue. It may reach its 200-day average. Support: 1.0727 – 1.0686 Resistance: 1.0876 – 1.089
EURUSD gained strength from the 200-day exponential average and accelerated sharply. 1.074 can be considered as a close support. 1.0845 is the target that can be followed for the rise. For now, the probability of an increase in the parity is strong. Support: 1.074 - 1.0664 Resistance: 1.0845 -
GBPUSD side produced upward reactions from the 50-day average region. However, it did not offer an effective opportunity for the price to rise. The declines intensified with the loss of the 50-day average. The demand region bordered in the lower region was completely tested. The image is still negative. Support: 1.2295 – 1.2244 Resistance: 1.2410
GBPUSD tested the regions we specified. It also tested the imbalance regions in the daily. The direction is still up. The 4-hour rejection block region may also test the 1.2674 level. Support: 1.2493 Resistance: 1.2577 - 1.2602 - 1.2674
USDJPY parity maintains its lively appearance along with the strength of the dollar index. The direction still seems to be upward. It is highly probable that the area surrounded by green borders in the upper region will be tested. Support: 138.40 - 137.10 - 136.10 Resistance: 140.00 -
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making some correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 139.05 is not lost. Support: 139.05 - 137.33 Resistance: 140.50 - 141.08
Ounce gold gave its last reactions to order blocks before the decline in the 4-hour chart yesterday. Since the main direction is down, the upward movements were limited. The outlook is still negative. It seems highly probable that the 100-day average region will be pulled back to the 1933 band. Support: 1933 Resistance: 1974 - 1987
Ons gold lost the 1949-1955 region. We are particularly following the 1937-1942 region. Holding on to this region will determine the fate of the price. If the region is lost, the EMA100 support on the daily will also be ineffective. Support: 1942 - 1935 Resistance: 1949 - 1955 - 1975
WTI Crude Oil closed the entire gap by testing the open imbalance we pointed out earlier at 74.50. If it settles above 74.50 and closes in the upper timeframes, it may rise to the 79-80 band. Support: 73.20 – 72.30 Resistance: 74.50
WTI On the CRUDE Oil side, reactions occurred in the 67-68 band. If the 67-68 band is lost and settled below, the easing may continue to around 64.40. Support: 67 - 64.40 Resistance: 68.50 - 70.00
BRENT Oil successfully tested the daily imbalance at 78.10. If it can close above this level, it can start an upward movement up to 83-84. There is a situation of settlement on averages again in the daily. Support: 77.10 – 73.70 Resistance: 78.10 – 81.07
Nasdaq is strong. Yellow box is broken. The direction of movement is still up. The 15167 area can be followed as a potential target. 4-hour average supports are 14840 and 14750. Support: 14840 - 14750 Resistance: 15165
Nasdaq tested the daily imbalance and moved up rapidly. As of the close, it did not lose the 10 and 20-day exponential averages. Although it is in the supply zone, it is positive that it can rise to the same level again. Support: 13650 - 13480 Resistance: 13960
On the DAX side, the target area, namely the 16140-16190 band, was successfully reached. The bullish atmosphere continues on the foreign indexes side. As long as it remains above 16190, it is possible to advance to the 16285 level. Support: 16190 - 16140 Resistance: 16285
DAX has been in a sharp decline for 4 days. It could not keep up with the upward movement of Nasdaq yesterday. It fell to a critical demand area that we care about daily. If it cannot stay above the area, it seems likely that it will retreat to the EMA50 support around 15735 in the short term. However, since it has been falling for 4 days, it is now a possibility that it should react in this area. Support: 15826 - 15735 Resistance: 15970
Bitcoin was subject to deep sales again. The averages acted as obstacles and suppressed the price. Then it closed below the 100-day average. In the near term, the declines seem more likely to continue. The 200-day average may ease to the 25,000 level. Support: 25000 - Resistance: 26400 - 27700
EURUSD gained strength from the 200-day exponential average and accelerated sharply. 1.074 can be considered as a close support. 1.0845 was stated as a target to be followed for the rise. This target level was achieved yesterday. Upward momentum is maintained above 1.077. Support: 1.077 - 1.0664 Resistance: 1.0845 -
GBPUSD tested the areas we specified. It also tested the imbalance areas in the daily. The direction is still up. The 4-hour rejection block area 1.2674 target has also been completed. Roughly, the momentum is maintained above 1.26. Support: 1.26 - 1.2548 Resistance: 1.2674
USDJPY pair is breaking out of the bearish box. The area that has been a barrier for the price for a long time is being broken. The target is roughly the 142.25 band. The main direction of movement is still upwards. Support: 139.25 - 137.40 Resistance: 142.25
Ounce gold demand zone was lost. Determined hold could not be maintained after Fed. If it closes the day under 1937$ ema100, a drop to 1890-1900 band can be targeted. Support: 1913 - 1900 Resistance: 1937 - 1942 - 1951
BRENT Oil gained momentum from the 71.70 band. We had stated that it could reach the 75.25 supply zone in the near term. This target was reached. Closing below 71.70 could push the price down to around 67.60. Support: 71.70 - 67.60 Resistance: 75.25
Nasdaq side saw sharp sales yesterday with the FED interest rate decision. This selling situation was then prevented with determined purchases. The main direction is still up in the index. 14930 and 14840 areas are 4-Hour average supports. Potential target 15165. Support: 14930 - 14840 Resistance: 15165
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The 100-day average has also been clearly lost in the current situation. The direction in the parity still seems down. The reaction did not gain enough momentum. We can see the declines continue. It may reach its 200-day average. Support: 1.0727 – 1.0686 Resistance: 1.077 – 1.085
On the DAX side, the target we gave, namely the 16140-16190 band, was successfully reached. Then, the target we stated would continue came to 16285. This region is a region where a reversal may occur. It is quite risky. We are not updating the upper target. Support: 16250 - 16200 Resistance: 16285
GBPUSD side produced upward reactions from the 50-day average region. However, it did not offer an effective opportunity for the price to rise. The declines intensified with the loss of the 50-day average. The demand region bordered in the lower region was completely tested. The image is still negative. Support: 1.2295 – 1.2244 Resistance: 1.2410
Bitcoin Although it did not produce high reactions with the FED, it was subject to deep selling afterwards. The 200-day average seems to have been broken. We can assume that the decline will prevail. Roughly the 23900 region is the target. Support: 23900 Resistance: 27300
USDJPY parity maintains its lively appearance along with the strength of the dollar index. The direction still seems to be upward. We were expecting a test of the area surrounded by green borders in the upper region. As of yesterday, the price reached this area. There is also a possibility of filling the entire imbalance. Support: 138.40 - 137.25 Resistance: 139.90 - 141.08
Ounce gold gave its last reactions to order blocks before the decline in the 4-hour chart yesterday. Since the main direction is down, the upward movements were limited. The outlook is still negative. It seems highly probable that the 100-day average region will be pulled back to the 1933 band. Support: 1933 Resistance: 1974 - 1987
WTI Crude Oil tested the open imbalance we pointed out earlier at 74.50 and closed the entire gap. We were expecting an increase provided that it remained above it. It was not achieved and the decline dominated again. We expect the negative trend to continue below 74.50. Support: 69.80 Resistance: 72.30 - 74.50
BRENT Oil successfully tested the daily imbalance at 78.10. If it could close above this level, we would expect the upward movement to continue. When the hold could not be achieved, the decline prevailed. As long as it is not exceeded 78.10, our expectation of a decline will continue. Support: 73.70 – 72.00 Resistance: 78.10 – 84.50
Nasdaq tested the daily imbalance and moved up rapidly. As of the close, it did not lose the 10 and 20-day exponential averages. Although it is in the supply zone, it is positive that it can rise to the same level again. Support: 13650 - 13480 Resistance: 13960
DAX could get reactions from its 50-day average yesterday. It had been exposed to sharp declines that continued for 4 days before. The average EMA50, which regularly supports the price. If the day closes below roughly 15735, we will talk about a very serious deterioration. However, the 20-day average has already been lost and the momentum has weakened. Support: 15735 Resistance: 15830 - 15930
Bitcoin was subject to deep sales again. The averages acted as obstacles and suppressed the price. It then closed below the 100-day average. Continuation of declines seems more likely in the near term. The 200-day average may ease to the 25,000 level. The imbalance area on the daily before the decline may test the 26600-26800 band. Support: 25000 - Resistance: 26400 - 27700
We stated that the direction in the EURUSD parity is up. The price has advanced to the daily BreakerBlock structure. The direction of movement is still up. If it continues upwards, it can target the 1.10 and 1.1049 regions. Support: 1.0845 - Resistance: 1.10 - 1.1049
GBPUSD has also broken the 500-day average barrier. The price has high momentum. Its target can be watched as 1.2931. It is highly likely to test this level in the near term. Support: 1.2674 - 1.2602 Resistance: 1.2931
USDJPY pair is exceeding the selling box. The area that has been a barrier to the price for a long time is being passed. The target is roughly the 142.25 band. The main movement direction is still up. Support: 139.30 - 137.40 Resistance: 142.25
Dollar/Turkish Lira updates the peak every day. Although the candle lengths have shortened, the direction trend is up. The 10 and 20-day average supports are currently pulled to the 22.91 and 22.02 bands. The direction is up. Support: 22.91 - 22.02 Resistance: 25.00
**We attach importance to the 1938 dollar level in ounces. We believe that the decline will prevail if the day closes in gold. Although there were violations yesterday, the closing level did not come below. The price can still test 1975-1985. Support: 1913 - 1900 Resistance: 1937 - 1942 - 1951
WTI On the CRUDE Oil side, reactions occurred in the 67-68 band. If the 67-68 band is lost and settled below, the easing may continue to around 64.40. Support: 67 - 64.40 Resistance: 71.00 - 73.15
BRENT Oil saw its short-term uptrend target of 75.25. We do not expect a total decline as long as it does not lose the 71.70 area. If it can settle above 76, the movement to the 80-82 area may continue. Support: 71.70 - 67.60 Resistance: 75.25
Nasdaq has reached the target level of 15165. The level acts as a separator. It has largely hindered the price. If a stable settlement occurs above it, the 15500 band will be the new target. Support: 14950 - 14750 Resistance: 15165 - 15500
Our targets have arrived on the DAX side. The upward movement continues. The price is still moving above its moving averages. 16275 and 16235 can be followed as 4-Hour close trend supports. Since it is at its historical peak, the price is in the discovery phase. Support: 16275 - 16235 Resistance: 16500
When EURUSD lost its 20-day exponential average, it actually gave a clear signal of weakness. The 100-day average has also been clearly lost in the current situation. The price approached its 200-day average. Although it did not touch the average, it tested the imbalance in this area. Around 1.0686 could push the price up. Support: 1.0686 Resistance: 1.077 – 1.0836
GBPUSD side produced upward reactions from the 50-day average region. However, it did not offer an effective opportunity for the price to rise. The declines intensified with the loss of the 50-day average. The image is still negative. It may ease to the 200-day averages in the 1.2297 and 1.2245 bands. Support: 1.2297 – 1.2245 Resistance: 1.2402
USDJPY parity has been subject to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. Since most of the zone has been filled, it is assumed that the target has been achieved. Selling pressure may dominate the price from this green box. Support: 138.9 - 137.25 Resistance: 140.50 - 141.08
The ounce of gold was pulled to the SMA500 average on the 4-hour chart yesterday. The price reacted well from here. If it stays above 1939, upward reactions are expected from here. It can continue up to the 1965 band. Support: 1939 Resistance: 1965 - 1987
WTI Crude Oil tested the open imbalance we pointed out earlier at 74.50 and closed the entire gap. We were expecting an increase provided that it remained above it. It was not achieved and the decline dominated again. We expect the negative trend to continue below 74.50. Support: 69.80 Resistance: 72.30 - 74.50
BRENT Oil successfully tested the daily imbalance at 78.10. If it could close above this level, we would expect the upward movement to continue. When the hold could not be achieved, the decline prevailed. As long as it is not exceeded 78.10, our expectation of a decline will continue. Support: 73.70 – 72.00 Resistance: 78.10 – 84.50
Nasdaq last week, after a correction, closed above the averages again, indicating that the positive trend continued. We then observed an accelerated rise. The 14300 liquidity target has been completed. If it can remain strong above 14300, the next liquidity target will be 14630. Support: 14300 - 13960 Resistance: 14630
DAX was able to get reactions from its 50-day average yesterday. It resisted the decline by not closing below. If it can stay above the 15950-15970 band, it can continue its upward movement to the 16140 region. Support: 15970 - 15950 Resistance: 16140
Bitcoin has caught a sharp upward momentum. It has jumped above 27700 again. The price has left a big imbalance. It may want to take this imbalance by giving a test of 27200-27300. We expect the upward movement to continue above 27300. Support: 27700 - 27300 - 27200 Resistance: 28750
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The 100-day average has also been clearly lost in the current situation. The price approached its 200-day average. Although it did not touch the average, it tested the imbalance in this area. Around 1.0686 may push the price up. Support: 1.0686 Resistance: 1.077 – 1.0836
GBPUSD side produced upward reactions from the 50-day average region. However, it did not offer an effective opportunity for the price to rise. The declines intensified with the loss of the 50-day average. The image is still negative. It may ease to the 200-day averages in the 1.2297 and 1.2245 bands. Support: 1.2297 – 1.2245 Resistance: 1.2402
USDJPY parity has been subject to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. Since most of the zone has been filled, it is assumed that the target has been achieved. Selling pressure may dominate the price from this green box. Support: 138.9 - 137.25 Resistance: 140.50 - 141.08
Ounce gold was pulled back to the SMA500 average on the 4-Hour chart yesterday. Although the price reacted from here, no serious upward momentum was achieved. In the near term, it seems likely that the price will ease back towards the 1933 band. Support: 1939 - 1933 Resistance: 1965 - 1987
WTI Crude Oil tested the open imbalance we pointed out earlier at 74.50 and closed the entire gap. We were expecting an increase provided that it remained above it. It was not achieved and the decline dominated again. We expect the negative trend to continue below 74.50. Support: 69.80 Resistance: 72.30 - 74.50
BRENT Oil successfully tested the daily imbalance at 78.10. If it could close above this level, we would expect the upward movement to continue. When the hold could not be achieved, the decline prevailed. As long as it is not exceeded 78.10, our expectation of a decline will continue. Support: 73.70 – 72.00 Resistance: 78.10 – 84.50
Nasdaq last week, after a correction, closed above the averages again, indicating that the positive trend continued. We then observed an accelerated rise. The 14300 liquidity target has been completed. If it can remain strong above 14300, the next liquidity target will be 14630. Support: 14300 - 13960 Resistance: 14630
DAX was able to get reactions from its 50-day average yesterday. It resisted the decline by not closing below. If it can stay above the 15930-15970 band, it can continue its upward movement to the 16140 region. Support: 15930 - 15950 Resistance: 16140
Bitcoin has caught a sharp upward momentum. It has jumped above 27700 again. The price has left a big imbalance. It may want to take this imbalance by giving a test of 27200-27300. We expect the upward movement to continue above 27300. Support: 27700 - 27300 - 27200 Resistance: 28750
EURUSD touched the 200-day average that we mentioned before. 1.0686 was visited. Then there was a serious reaction movement. If it goes below the 1.0686 region and the level is lost, it is possible that the declines will continue. Support: 1.0686 Resistance: 1.077 – 1.081
On the GBPUSD side, the decline was balanced by filling the imbalances in the 4-hour time frame. The price quickly broke through, the upward momentum will be maintained above the 1.2379 level. 1.2432 is roughly the resistance. Support: 1.2379 - 1.2307 Resistance: 1.2432
USDJPY parity has been subject to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. Since most of the zone has been filled, it is assumed that the target has been achieved. Selling pressure may dominate the price from this green box. Support: 139.2 - 137.97 Resistance: 140.50 - 141.08
Ounce gold will remain strong above the 1952 level. The open price imbalance zone seen in the upper region may continue its short-term rise until the 1971 band. Support: 1952 - 1933 Resistance: 1971 -
WTI Crude Oil closed the entire gap by testing the open imbalance we pointed out earlier at 74.50. We were expecting an increase provided that it remained above it. It was not achieved and the decline dominated again. We had stated that we expected the decline to continue below 74.50. A decline to 69.80 horizontally occurred. The continuation of the decline is triggered by closing below. Support: 68.04 - 64.40 Resistance: 72.30 - 74.50
BRENT Oil successfully tested the daily imbalance at 78.10. We maintained our expectation of a decline as it could not stay above the level. The decline continued until 73.70. If we close the day below, the short-term relaxation may continue to the 72 region. Support: 73.70 – 72.00 Resistance: 78.10 – 84.50
Nasdaq side yesterday's sales weakened the upward momentum. The trend continuing above EMA10 in 4-hour showed a decline below the average. We may also see deeper pullbacks below 14300. Although the direction is upward in the upper time frames, it may be necessary to be cautious. Support: 14300 - 13960 Resistance: 14630
DAX showed a decline after testing the daily imbalance level again yesterday. The momentum of the uptrend seems to have run out. It has returned to the box and if it loses, it will quickly pull back to the 50-day average. Support: 15830 - 15760 Resistance: 15950
Bitcoin should test the price instability zone that it left open in the daily time frame. In other words, it should retreat to roughly 26950. If it can stay above it, it will head upwards again. Support: 26950 - Resistance: 28350 - 29500
EURUSD touched the 200-day average that we mentioned before. 1.0686 was visited. Then there was a serious reaction movement. If it goes below the 1.0686 region and the level is lost, it is possible that the declines will continue. Support: 1.0686 Resistance: 1.077 – 1.081
On the GBPUSD side, the decline was balanced by filling the imbalances in the 4-hour time frame. The price quickly broke through, the upward momentum will be maintained above the 1.2379 level. 1.2432 is roughly the resistance. Support: 1.2379 - 1.2307 Resistance: 1.2432
USDJPY parity has been subject to selling around 140.50, the center of the inner liquidity zone determined a long time ago. Since most of the zone has been filled, it is assumed that the target has been achieved. Selling pressure may dominate the price from this green box. Support: 139.2 - 138.07 Resistance: 140.50 - 141.08
Ounce gold yesterday went to the 1971 level as predicted and repaired the price imbalances. If it can hold above the 1957 level in the 4-hour structure, the structure of the upward movement will not be disrupted. Expansion may continue until the 1985 level Support: 1957 - 1933 Resistance: 1971 - 1985
WTI If the day closes below 68 lira, losses may continue towards the 64.40 level. The 68 region contains a rejection block structure and such regions can cause trend reversals or serious reactions. Support: 68.04 - 64.40 Resistance: 72.30 - 74.50
BRENT The 72 region is important in oil. The main movement direction is still down. Day closings below 72 strengthen the weakness. However, the 71-72 region also contains important supports in the weekly period. Support: 73.70 - 72.00 Resistance: 78.10 - 84.50
Due to the sharp sales on the Nasdaq side, the EMA20 support in the 4-Hour view was broken. The rule was broken with closings below the 14260 region. There is a decrease in the upward momentum. The decline may continue towards the 14075 region. Caution should be exercised. Support: 14076 - Resistance: 14300
DAX closed the day below EMA50. A close that has not been experienced for a long time occurred with the closing below 15760. This is a negative signal. It is possible to see downward movements after reactions to the 15880 region. Support: 15400 - Resistance: 15880 - 15950
There was no closing below the 1.0686 level that we mentioned the importance of in the EURUSD parity. In fact, the price that retreated to the region yesterday gained momentum and jumped up. A price that gains momentum from the 200-day average region has the potential to generate margin. The 1.085 region may come. Support: 1.0686 Resistance: 1.0802 - 1.085
GBPUSD remained above the averages and the upward momentum was maintained, gaining serious momentum in a short time. It seems highly likely that the price will test the 1.2560 level. It may even fill the daily imbalance in the 1.26 band. Support: 1.245 - 1.243 Resistance: 1.2568 - 1.26
USDJPY parity was exposed to selling around 140.50, which is the center of the internal liquidity zone determined a long time ago. It was not an easy area to overcome. It is expected that the price will test the 20-day exponential average support at 138.10. Support: 138.10 - 137.32 Resistance: 140.50 - 141.08
Ounce gold will not break the 4-hour rise structure as long as it remains above 1965. It seems highly likely that the price will test the 1985-1993 region. We will not expect a major decline wave without closing below 1935 Support: 1965 - 1935 Resistance: 1985 - 1993
WTI CRUDE Oil may test the 71.50-72.10 level in the short term. These liquidities left open in the daily time frame should be closed. If the purple box is lost, it is possible to fall below the 64 level. Support: 68.04 - 64.40 Resistance: 71.50 - 72.10
BRENT Oil may reach the 75.70-76.20 area. The sharp decline should not continue before this movement occurs. It may continue down again after the imbalance zone in the daily is filled. Support: 72 Resistance: 75.70 - 76.20
Nasdaq has repaired its short-term sales by following the structure in the upper time frames and has settled back up. It is progressing above all averages on the daily and its momentum trend is maintained. Although it is risky to take a buy position from here, it is also possible that it will test the 14630 band. Support: 14300 - 14080 Resistance: 14630
DAX gained momentum again like nasdaq by clearing liquidity. There is an open liquidity area at 15897. The price is likely to continue its rise towards this area in the near term. Support: 15850 Resistance: 15987
EURUSD parity returned to the area where the 4-Hour OrderBlock structure was formed. The decline slowed down in this area. The area expressed by the 1.068-1.0694 limits is support. As long as the price stays above this area, it is likely to accelerate to around 1.0807 again. Support: 1.068 Resistance: 1.0807 - 1.089
GBPUSD advanced to the imbalance limit that remained open in the 4-hour period. The price fell sharply after entering this area. In order to continue upwards, it is important for it to stay above the 50-day average of 1.2409. Support: 1.2409 - 1.2379 Resistance: 1.2535 - 1.26
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making a slight correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.37 is not lost. Support: 138.37 - 137.24 Resistance: 140.50 - 141.08
Dollar/Turkish Lira started its accelerated rise since Monday. The significant increase in candle lengths is remarkable. Even the Mehmet Şimşek news could not create a decrease in the exchange rate. The 10 and 20-day average supports are currently pulled to the 20.31 and 20.02 bands. The direction is up. Support: 20.45 - 20.12 Resistance: 22.00
Ounce gold may find strength in the hourly imbalance zone in the 1937-1942 region. The 100-day main average support has reached the 1935 region. We will not expect a major decline wave without closing below 1935. However, closing below 1935 will break the rule formed in the previous wave. Support: 1942 1937 - 1935 Resistance: 1953 - 1961
WTI CRUDE Oil made a fast start to the week. There was a sharp decline after opening high. The close supports for the price are 72.10 and 70.90. As long as it stays above these levels, the 77.85 and 79.85 bands may be the target. Support: 72.10 - 70.90 Resistance: 77.85 - 79.85
BRENT Oil started the week with a rapid movement. It opened with a price gap and then quickly pulled back. The 76.40 and 75.20 bands are support. As long as these areas remain above, the 80.05 and 81.30 bands may be targets. Support: 76.40 - 75.20 Resistance: 80.05 - 81.30
Nasdaq has repaired its short-term sales by following the structure in the upper time frames and has settled back up. It is progressing above all averages on the daily and its momentum trend is maintained. Although it is risky to take a buy position from here, it is also possible that it will test the 14630 band. Support: 14300 - 14080 Resistance: 14630
DAX gained momentum again like nasdaq by clearing liquidity. Target at 15897 level was achieved. Outlook is still positive in 4-Hour. 16110 and 16140 contacts may come. Support: 15987 Resistance: 16110 - 16140
Bitcoin reacted in the imbalance zone but could not make a quick return. The 26485-26670 box is important. If it cannot stay above it, the probability of this rise attempt failing is high. Support: 26670 - 26485 Resistance: 27300
EURUSD parity is trying to hold on to its 200-day exponential average, which is an important area on the daily. This is the reason why the sharp decline from this area has not continued for days. If it closes the day roughly below 1.0685, the probability of the decline continuing is high. Support: 1.0685 - 1.0574 Resistance: 1.0767 - 1.0817
GBPUSD 4-Hour has recovered from a significant area. This was an area on our chart before the sharp rise. It will remain strong as long as it holds above the 1.238 area. Support: 1.2380 Resistance: 1.2435 - 1.26
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making a slight correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.53 is not lost. Support: 138.53 - 137.34 Resistance: 140.50 - 141.08
WTI CRUDE Oil made a fast start to the week. There was a sharp decline after opening high. The immediate support for the price is the 70.90 area. As long as it stays above this level, the 77.85 and 79.85 bands may be targeted. Support: 70.90 Resistance: 77.85 - 79.85
BRENT Oil started the week with a rapid movement. It opened with a price gap and then quickly pulled back. The 76.40 and 75.20 bands are support. As long as these areas remain above, the 80.05 and 81.30 bands may be targets. Support: 76.40 - 75.20 Resistance: 80.05 - 81.30
Nasdaq has not yet broken its positive structure. It continues to trade above the averages in the 4-hour period. 14500 appears as the 4H EMA20 support. Yesterday, there was a recovery from this average. As long as it remains above 14500, it is likely to go to 14800 liquidity. Support: 14500 - 14300 Resistance: 14630 - 14800
On the DAX side, the 4-Hour imbalance limit was tested at 16020. In addition, the index managed to rise above the averages in the daily time frame. We will continue to see strength roughly above 15950. The upward movement may continue towards the 16190 area. Support: 15950 Resistance: 16110 - 16140 - 16190
Bitcoin was subject to panic-driven selling after the SEC filed a lawsuit against Binance. It recovered very quickly yesterday with the same momentum. Lost levels were gained. As long as it remains above the 26485-26670 zone, Bitcoin should remain generally positive. Support: 26670 - 26485 Resistance: 27300
EURUSD parity is trying to hold on to its 200-day exponential average, which is an important area on the daily. This is the reason why the sharp decline from this area has not continued for days. If it closes the day roughly below 1.0685, the probability of the decline continuing is high. Support: 1.0685 - 1.0574 Resistance: 1.0765 - 1.0864
GBPUSD 4-Hour has recovered from a significant area. This was an area on our chart before the sharp rise. It will remain strong as long as it holds above the 1.238 area. Support: 1.2380 Resistance: 1.2435 - 1.26
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making some correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.53 is not lost. Support: 138.72 - 137.35 Resistance: 140.50 - 141.08
Ounce gold left open imbalances in the upper region in the 4-hour period. It is expected to test the 1954-1962 region in the near term. If there is a decline, it would be healthier for it to come after this movement. Support: 1942 - 1937 Resistance: 1954 - 1962
WTI CRUDE Oil made a fast start to the week. There was a sharp decline after opening high. The immediate support for the price is the 70.90 area. As long as it stays above this level, the 77.85 and 79.85 bands may be targeted Support: 70.90 Resistance: 77.85 - 79.85
BRENT Oil started the week with a rapid movement. It opened with a price gap and then quickly pulled back. The 76.40 and 75.20 bands are support. As long as these areas remain above, the 80.05 and 81.30 bands may be targets. Support: 76.40 - 75.20 Resistance: 80.05 - 81.30
Nasdaq side 4-Hour structure is broken. This downward wave is likely to continue to the 20-day average at best. Current average support value is 14064. We believe that short-term increases should be evaluated as a selling opportunity. Support: 14120 - 14065 Resistance: 14380 - 14475
Daily imbalance was tested on the DAX side and then the index pulled back seriously. It is difficult to switch to positive in general view without regaining this region. There may be a pullback to 15835 - 15700 levels. Support: 15885 - 15835 - 15700 Resistance: 16110 - 16140 - 16190
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. The price has fallen to the averages we mentioned. The direction in the parity seems down. The 100-day average we pointed out has been touched. After the price imbalances are repaired with reaction movements, the price may continue to fall. Support: 1.078 – 1.0727 Resistance: 1.0878 – 1.0894
GBPUSD parity also experienced a sharp decline parallel to EURUSD. The decline to the 50-day average we pointed out occurred. There has been no day closing below the average yet. If there was a closing, we would expect the accelerated decline to continue. The decline is likely to continue below 1.241 Support: 1.241 - Resistance: 1.2487
USDJPY pair reached the target area with the strengthening of the dollar index. It maintained its strong movement up to the 200-day average target. The price is still above the resistance area. Momentum is maintained, the rise to the 140 area may continue. Support: 137.10 – 136.10 Resistance: 140.00 -
EURUSD gained strength from the 200-day exponential average and accelerated sharply. 1.074 can be considered as a close support. 1.0845 is the target that can be followed for the rise. For now, the probability of an increase in the parity is strong. Support: 1.074 - 1.0664 Resistance: 1.0845 -
Ounce gold has shown a rapid decline after breaking the 20-day average support at 2010 levels. The price has also broken the 50-day average support. The price reached the 50-day average target and closed below it, creating a second bearish signal. The decline is likely to continue this week. Support: 1931 Resistance: 1977- 1989 - 2007
GBPUSD maintained its strength by staying above the 1.238 region we mentioned. It then gave sharp increases. It seems likely that the price will test the 1.2577 and 1.2602 bands in the near term. Support: 1.2493 Resistance: 1.2577 - 1.2602
WTI Crude Oil gained momentum from 69.80. There is still an unclosed imbalance at 74.50. It seems likely that the price will move upwards towards this area. Then the main movement direction should continue downwards. Support: 69.80 - 64.40 Resistance: 74.50
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making a slight correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.53 is not lost. Support: 138.72 - 137.35 Resistance: 140.50 - 141.08
BRENT Oil received a decisive reaction from the daily imbalance level. It seems possible that it will test the open price imbalance area in the upper region, namely around 78.10. The direction expectation for the later will remain down. The market structure tends to decline in the upper time frames. Support: 73.70 – 72.00 Resistance: 78.10
Dollar/Turkish Lira updates the peak every day. 10 and 20-day average supports are currently pulled to the 21.80 and 21.02 bands. Direction is up Support: 21.80 - 21.02 Resistance: 25.00
The main movement direction on the Nasdaq side is still up. It has achieved all our upside targets, including 13720. However, this area marked with pink borders is a price instability area on the daily time frame. For this reason, it seems difficult for the price to break out of this level quickly. Corrections may be seen. It may be risky to build a long position again. Support: 13720 – 13610 Resistance: 13780 - 13960
Ounce gold has a support potential of 1949-1955 area. As long as the price stays above this box, the upside should prevail. First 1975 and then 1985-1993 area becomes the target. Support: 1955 - 1949 Resistance: 1975 - 1985 - 1993
DAX reached the 16140 target with its momentum candle as we mentioned yesterday. The upper target level 16285 contact was also successfully achieved. Although the direction is still upwards in the macro view, these are the old peak areas. 4 Hourly bullish momentum will be maintained above 16250. Support: 16140 - 15970 Resistance: 16285
WTI On the CRUDE Oil side, the 68.50-70.00 region is important. If the box is lost and goes below, we will look at it negatively. However, as long as the box stays above, our expectation is for the rise to continue. There is no change in potential targets. Support: 68.50 Resistance: 77.85 - 79.85
BRENT Oil cleared the stops with its sharp move. We care about the 73.40-74.10 area. If the area is lost and settled below, we will look at it negatively. As long as it stays above, the expectation that the price will turn up again is dominant. The 80-81.30 area is a potential target. Support: 75.20 - 74.10 - 73.40 Resistance: 80.05 - 81.30
Nasdaq has reached the box indicated by yellow borders. This area is the supply area where sellers will dominate. If the price wins the box and settles on it, the trend will continue upwards. In the opposite case, sales from these areas will intensify and there will be a fall to the 14000 band. A critical phase for the index. Support: 14300 - 14156 - 13990 Resistance: 14500 - 14600 - 14650
On the DAX side, potential is still high above 15930. Once 16020 is exceeded, it is likely to go to the 16140-16190 region. Support: 15885 - 15835 - 15700 Resistance: 16110 - 16140 - 16190
EURUSD actually gave a clear signal of weakness when it lost its 20-day exponential average. It has shown a relentless decline since this event occurred. The direction in the parity still seems down. The reaction did not gain enough momentum. We may see the declines continue. Support: 1.078 – 1.0727 Resistance: 1.0876 – 1.089
GBPUSD side produced upward reactions from the 50-day average region. However, it did not give the price the opportunity to create a new wave of movement It is being pulled back to the 50-day average that we pointed out. If we see a day close below 1.2410, it is highly likely that we will see continued losses in the parity. Support: 1.241 – 1.2378 – 1.2335 Resistance: 1.2480
USDJPY parity maintains its lively appearance along with the strength of the dollar index. The direction still seems to be upward. It is highly probable that the area surrounded by green borders in the upper region will be tested. Support: 137.10 – 136.10 Resistance: 140.00 -
EURUSD gained strength from the 200-day exponential average and accelerated sharply. 1.074 can be considered as a close support. 1.0845 is the target that can be followed for the increase. For now, the probability of an increase in the parity is dominant. Support: 1.074 - 1.0664 Resistance: 1.0845 -
The Dollar/Turkish Lira parity may show sharper increases if the election goes to the second round. The Turkish Lira always tends to lose value. The main trend direction continues to be upward. Our weekly average support EMA10 can be monitored at the current value of 19.44. Support: 19.44 – 19.16 Resistance: 20.00
GBPUSD maintained its strength by staying above the specified area of 1.238. It then gave sharp increases. The price realized its first target as 1.2577 in the near term. And it seems likely that it will test the 1.2602 bands. Support: 1.2493 Resistance: 1.2577 - 1.2602
Ounce gold has shown a rapid decline after breaking the 20-day average support at the 2010 level. The price has also broken the 50-day average support. After the 50-day average target was achieved, it closed below, creating a secondary bearish wave signal. It is highly probable that the decline will continue this week. Support: 1931 Resistance: 1975- 1989 - 2007
USDJPY pair was exposed to selling from the inner liquidity zone center around 140.50, which was determined a long time ago. It was not an easy area to overcome. After making some correction, it moved up again. The pair is still strong as long as the 20-day exponential average support at 138.53 is not lost. Support: 138.72 - 137.35 Resistance: 140.50 - 141.08
WTI Crude Oil gained momentum from 69.80. There is still an unclosed imbalance at 74.50. It seems likely that the price will move upwards towards this area. After the imbalance is completely closed and liquidity is cleared, it may continue downwards in the direction of the main movement. Support: 69.80 - 64.40 Resistance: 74.50
Dollar/Turkish Lira is updating its peak every day. We started the week with an increase. The 10 and 20-day average supports are currently pulled to the 22.11 and 21.25 bands. The direction is up. Support: 22.11 - 21.25 Resistance: 25.00
BRENT Oil received a decisive reaction from the daily imbalance level. It seems possible that it will test the open price imbalance area in the upper region, namely around 78.10. The direction expectation for the later will remain down. The market structure tends to decline in the upper time frames. Support: 73.70 – 72.00 Resistance: 78.10
Ounce gold has a support potential of 1949-1955 area. As long as the price stays above this box, the upside should prevail. First 1975 and then 1985-1993 area becomes the target. Support: 1955 - 1949 Resistance: 1975 - 1985 - 1993
The main movement direction in the EURUSD parity is still up. It gained momentum from the region we pointed out last week. It continues to trade above the moving averages. It can be observed that it will test the levels of 1.0958 and 1.0986. Support: 1.0858 – 1.0833 Resistance: 1.0958 – 1.0986
GBPUSD sharp declines were balanced in the order block in the lower region. The main movement direction is still upward in the parity, which regularly reacted from the upper limit. It may test the 1.2747 band in the near term. As long as it remains roughly above 1.26, a positive outlook will prevail. Support: 1.26 – Resistance: 1.2747 - 1.2840
USDJPY The price touched the 145.1 area that we have repeatedly mentioned. Then, some selling pressure occurred. As long as the price stays above the moving averages, especially if it does not close below the 20-day exponential average, it will maintain its strong trend. Support: 143.55 – 142.30 Resistance: 145.1 -
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.52 and 24.58 bands. Support: 25.52 – 24.58 Resistance: 30.00
Ounce gold is settling above the first target area. This represents the strength of the price. As long as the day does not close below $1895, we expect the ounce to continue to rise and the upward trend to continue. The secondary price imbalance target is $1939. Support: 1917 - 1895 Resistance: 1939 - 1947
WTI On the CRUDE Oil side, the 4-Hour EMA200 average was tested. If the price can settle above 71, we will be waiting for the continuation of the upward movement. It is expected that the weakness will increase under 69.80 and the downward movement will begin. Support: 69.80 - 68- 67 Resistance: 70.75 - 71.00 - 73.10
BRENT Oil touched the EMA200 average in the 4-Hour period. If it can settle above the resistance, that is, if it can hold on to 75.50, it can continue its rise to the 77.50 region. 74.65 is an important support band. Closing below it may bring a sharp decline to the price. Support: 74.65 - 73 Resistance: 75.30
Nasdaq saw significant participation from its 20-day exponential average. The index is moving upwards. Momentum is still maintained. In the near term, it is expected to return to the 15277 level. As long as it remains above the averages, the price may continue to the 15650 band. Positive. Support: 15060 - 14830 Resistance: 15277 - 15650
On the DAX side, we stated yesterday that the indecision candle structure was touched and the target was completed in the short term. Then there was a sharp correction. If the price can stay above the 15990 band, it can continue upwards. The daily imbalance limit is balanced at this level. Support: 15990 Resistance: 16220 - 16270
Bitcoin continues to rise above moving averages. It cleared liquidity at 29500. It seems likely that the rise towards 32400 and 33700 levels will continue. Support: 29500 Resistance: 32400 - 33700
EURUSD parity 1.0835 liquidity has just been received. It is expected that the price will produce upward reactions unless it falls below the level. If a closing occurs below the level in the upper timeframes, it will be expected to continue to decline to around 1.0774. Support: 1.0835 – 1.0774 Resistance: 1.087– 1.0876
On the GBPUSD side, the 1.2685-1.2700 region is a valid demand region in the 4-hour structure. As long as there is no settlement under the region, upward movements can be observed from here. The close peaks at the 1.2735 level can be the target. Support: 1.2700 – 1.2685 Resistance: 1.2735 - 1.2747
USDJPY parity experienced a pullback to the EMA10 average. If the day closes below the EMA10 level, we will expect the downward movement to continue. We can roughly see a pullback to 142.85-143.00. Support: 143.00 – 142.83 Resistance: 145.1 -
Dollar/TL side main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to 25.81 and 24.72 bands. Support: 25.81 – 24.72 Resistance: 30.00
Ounce gold was pulled back to its hourly imbalance at 1914.77 and repaired the price imbalance. The main direction is up. Since the main return in the upper time frames was provided from the 200-day average, we expect it to continue upwards after corrections. As long as it remains above 1914.77, it is expected to produce an upward wave from here again. Support: 1914.77 Resistance: 1922 - 1929
WTI Crude Oil settled on 4-Hour averages. Our expectation is that the upward movement will continue towards 73. There is a significant barrier in this region in the 4-Hour average. Support: 71.40 – 70.90 Resistance: 72.90
BRENT Oil has gathered strength by rising above the 4-Hour averages. It seems likely to test roughly 72.50 in the near term. There is an average that can act as resistance at this level. Support: 76.20 – 75.50 Resistance: 77.50
Nasdaq tested the 15277 level and retreated. This was the liquidity we targeted before the rise. The structure of the index in the upper timeframes is still intact. It continues to move upwards on the averages. It will maintain momentum on the EMA10. Support: 15075 - 14915 Resistance: 15277 - 15650
There are serious sales on the DAX side. It looks much more fragile compared to American indices. There is an open imbalance at 15827. It may move upwards again after contact and liquidity purchase. Support: 15827 Resistance: 15915 - 15960
Bitcoin continues to rise above moving averages. It cleared liquidity at 29500. It seems likely that the rise towards 32400 and 33700 levels will continue. Support: 29500 Resistance: 32400 - 33700
EURUSD continued to rise sharply after receiving 1.0835 liquidity. The main movement direction in the parity is still up. The structure will maintain its positive trend as long as it remains above the averages in the daily time frame. Support: 1.0835 – 1.0774 Resistance: 1.0912 – 1.0958
On the GBPUSD side, the demand zone we have indicated in the 4-Hour structure maintained its functionality and moved the price up. The 1.2747 target was seen. If the price can settle above 1.2747, close/same tops around 1.2840 may be the target. Support: 1.2728 – 1.2700 Resistance: 1.2840
There was a pullback to the EMA10 average in the USDJPY pair. If the day closes below the EMA10 level, we will expect the downward movement to continue. We can see a pullback to roughly 142.85-143.00 levels. Support: 143.00 - 142.83 Resistance: 145.1 -
Dollar/TL main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to the 25.70 and 24.85 bands. Support: 25.70 – 24.85 Resistance: 30.00
Ons The 1900-1907 region is important for gold. In the deep decline experienced yesterday, buyers stepped in here in the order block. The structure is still positive in the upper time frames. Determined buyer activities were observed from the 200-day exponential average. As long as the 1900-1907 band is not lost, the upward movement is expected to continue. Support: 1907 - 1900 Resistance: 1916 - 1927
WTI Crude Oil settled on 4-Hour averages. Our expectation is that the upward movement will continue towards 73. There is a significant barrier in this region in the 4-Hour average. Support: 71.40 – 70.90 Resistance: 72.90
BRENT Oil has gathered strength by rising above the 4-Hour averages. It seems likely to test roughly 72.50 in the near term. There is an average that can act as resistance at this level. Support: 76.20 – 75.50 Resistance: 77.50
Nasdaq filled its daily imbalance at 15037 and got a reaction. The direction is still up in the upper timeframes. It is still protected on important supports in the daily. Support: 14930 Resistance: 15277 - 15650
The expected reactions after the decline on the DAX side did not occur. It remains much weaker compared to the American side. Moreover, it has even passed below its 100-day average. The market structure turned negative. We will describe the increases that will come from now on as reactions. Support: 15500 - 15250 Resistance: 15650
EURUSD continued to rise sharply after receiving 1.0835 liquidity. The main movement direction in the parity is still upward. As long as it remains above the averages in the daily time frame, the structure will maintain its positive trend. Support: 1.0835 – 1.0774 Resistance: 1.10 – 1.1050
On the GBPUSD side, the demand zone we have specified in the 4-Hour structure maintained its functionality and moved the price up. The 1.2747 target was seen. Then, the 1.2840 liquidity target was reached. If the price can stay above the averages, its next target will be the 1.2965 level. Support: 1.2740 – 1.2697 Resistance: 1.2840 – 1.2965
USDJPY pair showed a deep decline at the end of the long-running rally. It lost its 10-day average support. It reached the 142.93 band as we mentioned before. We expect reaction movements above the level. It can continue up to the 143.50 band. Support: 142.93 – 140.40 Resistance: 143.5 -
We reached our short-term uptrend targets that we expected on Friday under Ounce. As long as the price maintains the 1900-1907 area, it will maintain its upward trend. The 1939-1947 band is a potential target. Support: 1907 - 1900 Resistance: 1939 - 1947
WTI On the CRUDE Oil side, our 4-hour near-term upside target was successfully reached. The price will remain strong above the 72.90 band. As long as the hold is maintained, the next target will be the $75 band. Support: 72.90 – 72.20 Resistance: 74.90
BRENT Oil gathered strength by rising above 4-hour averages. Reached our near-term upside target. Will remain strong above 77.40. Potential target may continue in the $80 band. Support: 77.40 – 76.80 Resistance: 80.00
Nasdaq has fallen to the critical area. It has not closed below its 20-day exponential average for a very long time. The 14930 band is the current average support. If it closes below, we will accept that the bullish momentum has weakened and the bearish dominance is present. Support: 14930 Resistance: 15277 - 15650
DAX side has produced reactions after the deep decline. However, since the market structure has clearly deteriorated, it was dangerous to carry upward positions for a long time. The price will remain below the 100-day resistance at 15650. The general outlook is negative. We may see further declines. Support: 15500 - 15250 Resistance: 15650
We stated that the direction is up in the EURUSD parity. The price has advanced to the daily BreakerBlock structure. The direction of movement is still up. However, there is a high probability of a correction. If it continues upwards, it can target the 1.10 and 1.1049 regions. Support: 1.0845 - Resistance: 1.10 - 1.1049
GBPUSD has also broken the 500-day average barrier. The price has high momentum. 1.2840 is resistance because it is the lower limit of the sign. If the price can pass above it, the target can be watched as 1.2965. It is possible to test this level in the near term. Support: 1.2674 - 1.2602 Resistance: 1.2840 - 1.2965
EURUSD continued to rise sharply after receiving 1.0835 liquidity. The main movement direction in the parity is still up. As long as it remains above the averages in the daily time frame, the structure will maintain its positive trend. Support: 1.0835 – 1.0774 Resistance: 1.10 – 1.1050
USDJPY pair has broken through the selling zone. The zone that has been a barrier to the price for a long time has been broken. The target is roughly the 142.25 band. The main movement direction is still up. Support: 140.40 - 139.30 - 137.40 Resistance: 142.25
On the GBPUSD side, the demand zone we have specified in the 4-Hour structure maintained its functionality and moved the price up. The 1.2747 target was seen. Then, the 1.2840 liquidity target was reached. If the price can stay above the averages, its next target will be the 1.2965 level. Support: 1.2740 – 1.2697 Resistance: 1.2840 – 1.2965
Dollar/Turkish Lira updates the peak every day. Although the candle lengths have shortened, the direction trend is upward. The 10 and 20-day average supports are currently pulled to the 23.04 and 22.17 bands. The direction is still upward. Support: 23.04 - 22.17 Resistance: 25.00
USDJPY pair has also broken the EMA20 support strongly. The price has been pulled back to both the demand zone and the 50-day average level. It is expected to produce reactions from the 140.35 zone. Support: 140.35 Resistance: 141.95
**We attach importance to the 1938 dollar level in ounces. We believe that the decline will prevail if the day closes in gold. Although there were violations, the closing did not come below the level. The price can still test 1975-1985. Support: 1913 - 1900 Resistance: 1975 - 1985
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.80 and 25.05 bands. Support: 25.80 – 25.05 Resistance: 30.00
WTI On the CRUDE Oil side, reactions occurred in the 67-68 band. If the 67-68 band is lost and settled below, the easing may continue to around 64.40. If it can rise above 71, the 74-75 band will be the target. Support: 67 - 64.40 Resistance: 71.00 - 73.15
The macro outlook for Ounce is still positive. Demand zones have not been lost. As long as the price maintains the 1900-1907 zone, it will maintain its upward trend. The 1939-1947 band is a potential target. Support: 1907 - 1900 Resistance: 1939 - 1947
BRENT Oil saw its short-term uptrend target of 75.25. We do not expect a total decline as long as it does not lose the 71.70 area. If it can settle above 76, the movement to the 80-82 area may continue. Support: 75.25 - 71.70 - 67.60 Resistance: 78.80
WTI On the CRUDE Oil side, our 4-hour near-term upside target was successfully reached. The price will remain strong above the 72.90 band. As long as the hold is maintained, the next target will be the $75 band. Support: 72.90 – 72.20 Resistance: 74.90
There is uncertainty on the Nasdaq side. Although the main direction is up in the upper time frames, some weaknesses are at the forefront. If 15030 is lost in the 4-Hour, the declines are expected to continue. Support: 15030 - 14830 Resistance: 15275 - 15650
BRENT Oil gathered strength by rising above 4-hour averages. Reached our near-term upside target. Will remain strong above 77.40. Potential target may continue in the $80 band. Support: 77.40 – 76.80 Resistance: 80.00
Our targets have arrived on the DAX side. There was a decline to the EMA20 average on the 4-hour chart. If it closes below 16270, the structure will be broken. There is a bear-like formation engulfing the current price on the daily. Support: 16270 - 16190 Resistance: 16350
Nasdaq made a sharp turn from the critical area. We accept the 20-day exponential average as a separator. We expect a positive trend above it and a negative trend below it. The price managed to stay above it again. We believe that the main trend will be upwards above 14930. Support: 14930 Resistance: 15277 - 15650
Bitcoin clearly recognized its 200-day average. There are also trend liquidities in the upper region. It is not right to expect a collapse for the price yet. As long as it remains above 25700, we expect the upward movements to continue. Support: 25700 - 23900 Resistance: 27300
DAX side has produced reactions after the deep decline. We expect the price to continue its upward movement towards the 15775 level, where the 4-hour SMA500 average has passed. It is expected that upward reactions will continue in the short term. Support: 15500 - 15250 Resistance: 15775
Bitcoin was subject to a heavy sell-off last night and fell to the 20-day average support. The fact that buyers came from the average is positive. Moreover, a negative trend cannot be mentioned yet for a price moving above the 20-day average. We expect it to move upwards unless it closes the day below 29750. Support: 29500 Resistance: 32400 - 33700
Natural Gas could not get a decisive reaction from its 20-day average support. We will roughly accept the 2.50 level as support. As long as it remains above it, it may move upwards again. Closing the day below 2.46 will disrupt the structure. Support: 2.5 – 2.46 Resistance: 2.73 - 2.93 -
The BreakerBlock structure is working effectively in the EURUSD parity. It managed to suppress the upward movement. There is a possibility that the price will correct up to the 1.0865 band. Support: 1.0865 - 1.0845 Resistance: 1.0941 - 1.1049
EURUSD continued to rise sharply after receiving 1.0835 liquidity. The main movement direction in the parity is still up. As long as it remains above the averages in the daily time frame, the structure will maintain its positive trend. Support: 1.0835 – 1.0774 Resistance: 1.10 – 1.1050
GBPUSD is stuck in imbalance. There is a selling dominance in the region. We can see a correction to the 1.27 band, which is the liquidity region that remained open in the daily view. Support: 1.27 - 1.2602 Resistance: 1.2840 - 1.2965
We stated that the direction of movement on the GBPUSD side is upward and continues to maintain its strong position accompanied by the averages. The target we showed as 1.2965 on our chart has been reached as of now. The main direction of movement in the parity is upward. Support: 1.2840 – 1.2740 Resistance: 1.2965
USDJPY parity completed its target by giving a perfect test to the 142.25 level that we have mentioned many times before. If this area is overcome with momentum, it can continue to the 145 band. Support: 140.40 - 139.30 - 137.40 Resistance: 142.25 - 145
USDJPY parity has been showing a sharp decline for days. The price fell to its 50-day average yesterday. A return attempt may come from the area indicated by the blue box. 139.28-140.08 is expressed as the limits. Support: 140.08-139.28 Resistance: 141.95
Dollar/Turkish Lira has been moving sideways for days. The expectation of an interest rate hike may be causing this movement. There is a great uncertainty as to how the dollar will behave after the Central Bank interest rate decision to be announced tomorrow. There are institutions that claim that the policy rate will be increased to 40%. Support: 23.13 - 22.30 Resistance: 25.00
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.85 and 25.15 bands. Support: 25.85 – 25.15 Resistance: 30.00
**We attach importance to the 1938 dollar level in ounces. We believe that the decline will prevail if the day closes in gold. Although there were violations, the closing did not come below the level. The price can still test 1975-1985. Support: 1913 - 1900 Resistance: 1975 - 1985
The macro outlook for Ounce is still positive. Demand zones have not been lost. As long as the price maintains the 1900-1907 zone, it will maintain its upward trend. The 1939-1947 band is a potential target. Support: 1907 - 1900 Resistance: 1939 - 1947
WTI On the CRUDE Oil side, reactions occurred in the 67-68 band. If the 67-68 band is lost and settled below, the easing may continue to around 64.40. If it can rise above 71, the 74-75 band will be the target. Support: 67 - 64.40 Resistance: 71.00 - 73.15
WTI The 4-Hour decisive stance on the CRUDE Oil side had informed us of the rise. We were roughly expecting the $75 level. As of today, the region we expected has been reached. If the 4-Hour EMA20 is maintained, it can continue up to the $77 level. Support: 72.90 – 72.20 Resistance: 77
BRENT Oil saw its short-term uptrend target of 75.25. We do not expect a total decline as long as it does not lose the 71.70 area. If it can settle above 76, the movement to the 80-82 area may continue. Support: 75.25 - 71.70 - 67.60 Resistance: 78.80
BRENT Oil had gathered strength by rising above the 4-hour averages. We had stated that its target would be around $80 as long as it remained above the average supports. As of today, it approached the region. It rose to the 79.70 band. If the 4-hour structure is maintained, the rise may continue to the $82 level. Support: 77.50 – 76.80 Resistance: 82.00
There is uncertainty on the Nasdaq side. Although the main direction is up in the upper time frames, some weaknesses are at the forefront. If 15030 is lost in the 4-Hour, the declines are expected to continue. Support: 15030 - 14900 - 14620 Resistance: 15275 - 15650
Nasdaq made a sharp turn from the critical area. We accept the 20-day exponential average as a separator. We expect a positive trend above it and a negative trend below it. The price managed to stay above it again. We believe that the main trend will be upwards above 14970. Support: 14970 Resistance: 15277 - 15650
Our targets have arrived on the DAX side. There was a decline to the EMA20 average on the 4-hour chart. It closed below 16270 for 4 hours and there were simultaneous declines. We attach importance to the 16180 region, if it is lost, we expect the decline to continue. 16100 and 16000 are lower support levels. Support: 16180 - 16100 - 16000 Resistance: 16270
After the deep decline on the DAX side, we stated that our short-term expectation would be a continuation of the reaction movement. A serious reaction margin was produced. The price is still above the averages in the 4-Hour. It may also try the 15900 band. Support: 15790 - 15700 Resistance: 15925
Bitcoin clearly recognized its 200-day average. There are also trend liquidities in the upper region. It is not right to expect a collapse for the price yet. As long as it remains above 25700, we expect the upward movements to continue. Support: 25700 - 23900 Resistance: 27300
EURUSD side experienced a huge increase after 15:30 US PPI. The price may target the next upper liquidity area of 1.1184. The main movement direction is still up. Support: 1.1050 – 1.1000 Resistance: 1.1184 -
We stated that the direction of movement on the GBPUSD side was upwards and continued to maintain its strong position accompanied by the averages. A serious movement came after the 15:30 PPI. 1.3070 - 1.3147 liquidities may be the next targets. Support: 1.2965 - Resistance: 1.3070 - 1.3142
USDJPY parity finally recognized the 100-day exponential average support and got a reaction. As long as it stays above 138.30, we will expect upward movements. If it closes the day below the blue average, the downward trend is expected to continue. Support: 138.30 – 137.20 Resistance: 140.20
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.90 and 25.25 bands. Support: 25.90 – 25.25 Resistance: 30.00
Ounce gold has always pointed upwards since the 200-day average contact, roughly since the 1895 region. Indeed, a major acceleration movement took place. The supply region was easily overcome. The next target may be 1977 liquidity. The main movement direction is still upwards. The boundaries of the upper supply region are the 1992-2007 dollar region. Support: 1947-1939 Resistance: 1977 - 1992
WTI The 4-Hour decisive stance on the CRUDE Oil side had informed us of the rise. We were roughly expecting the $75 level. As of today, the region we expected has been reached. If the 4-Hour EMA20 is maintained, it can continue up to the $77 level. Support: 72.90 – 72.20 Resistance: 77
BRENT Oil had gathered strength by rising above the 4-hour averages. As long as it holds above the average supports, its target is $80. If the 4-hour structure is maintained, the rise may continue to the $82 level. Support: 77.50 – 76.80 Resistance: 82.00
Nasdaq side has passed the peak. Price is strong. Momentum is maintained and the main direction is up. Targeting the 15600-15650 band above 15277 is expected. Support: 15277 Resistance: 15600 - 15650
We stated that our short-term expectation after the deep decline on the DAX side would be the continuation of the reaction movement. The 15915-16000 region is important. If the price can stay above it, it will maintain its strength. However, the DAX market structure is not as positive as Nasdaq. Caution should be exercised. Support: 16000 - 15915 Resistance: 16170
Bitcoin was subject to a heavy sell-off last night and fell to the 20-day average support. The fact that buyers came from the average is positive. Moreover, a negative trend cannot be mentioned yet for a price moving above the 20-day average. We expect it to move upwards unless it closes the day below 29750. Support: 29500 Resistance: 32400 - 33700
The BreakerBlock structure is working effectively in the EURUSD parity. It managed to suppress the upward movement. There is a possibility that the price will correct up to the 1.0865 band. Support: 1.0865 - 1.0845 Resistance: 1.0941 - 1.1049
The new amounts determined upon the increase by 50 percent of some fixed fees included in the tariffs affiliated to the Law on Fees were published and announced in the Official Gazette. The General Communiqué on the Law on Fees prepared by the Revenue Administration of the Ministry of Treasury and Finance was published in the Official Gazette. The new amounts determined upon the increase in fixed fees were announced. Accordingly, excluding the section titled “II- Driver’s license fees” of the tariff, the fixed fee amounts included in the tariffs and implemented in 2023, including the limits determining the minimum and maximum amounts of fixed and proportional fees, were increased by 50 percent. The fee amount in paragraph (1) of the section titled “Fee for use of telephones brought by passengers” was redetermined as 20 thousand TL. The relative fees and the fixed fee amounts determined based on the said decision are shown in the tariffs annexed to the communiqué. Passport, notary and visa fees were increased by 50 percent. The 50 percent increase also includes work permit, mortgage, lawsuit, judiciary, ship-port, license and diploma fees. According to the decision, there will be no change in driver's license fees, which are within the scope of traffic fees.
GBPUSD stuck in the imbalance area. There was a sell-off in the area. We may see a correction to the 1.27 band, which is the liquidity area that remained open in the daily view. Support: 1.27 - 1.2602 Resistance: 1.2840 - 1.2965
USDJPY parity completed its target by giving a perfect test to the 142.25 level that we have mentioned many times before. If this area is overcome with momentum, it can continue to the 145 band. Support: 140.80 - 139.30 - 137.40 Resistance: 142.25 - 145
Dollar/Turkish Lira has been moving sideways for days. The expectation of an interest rate hike may be causing this movement. The belief that the exchange rate will fall with the interest rate data to be announced tomorrow is dominant. Support: 23.20 - 22.40 Resistance: 25.00
**We were giving importance to the 1938 dollar level in ounce gold. The day closed below this level. The outlook is negative. We see it possible that the declines in gold will continue. After giving reactions until around 1945, it may target the 1890-1900 band. Support: 1900 - 1890 Resistance: 1975 - 1985
WTI On the CRUDE Oil side, the 68.50-70.00 region seems to have worked. The price reacted from the region and moved to the positive side again. As long as it remains above $70, the upward movement is expected to continue. 73.80 may be the target in the first place. Support: 67 - 64.40 Resistance: 71.60 - 73.80
BRENT Oil is still positive above 75.25. Despite the sharp sales yesterday, it experienced a rapid recovery. It is expected to advance to the 78.60 - 80.00 band above 76. Support: 75.25 - 71.70 - 67.60 Resistance: 78.60
Nasdaq side, the main direction is up in the upper timeframes. The price is trying to recover in sales and continue up. 14920 and 14635 are the areas corresponding to the daily average supports. Support: 14920 - 14635 Resistance: 15275 - 15650
DAX recognized the EMA100 average in the 4-hour view. The price tends to hold roughly above 16100. We did not break the blue average.a may test the 16220 band. The macro view is still positive. Support: 16108 - 16000 Resistance: 16220
EURUSD easily reached the 1.1184 level. With the collapse of the dollar index, dollar-counterparts gained serious strength. There is another liquidity zone above the price. The box marked in blue represents the next uptrend target. Support: 1.1050 – 1.1000 Resistance: 1.1269 – 1.1301
We stated that the direction of movement on the GBPUSD side was upwards and continued to maintain its strong position accompanied by the averages. A perfect contact was also made to the 1.3142 level that we targeted. We may observe a slight pullback in price. Support: 1.3070 – 1.2965 Resistance: 1.3142
USDJPY pair finally recognized the 100-day exponential average support and received a reaction. However, the price's reaction was not enough and the level was lost. 137.15 and 136.45 levels can be followed as other potential reversal levels. Support: 137.15 – 136.45 Resistance: 138.30
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.90 and 25.30 bands. Support: 25.90 – 25.30 Resistance: 30.00
EURUSD broke through a strong seller block. It accelerated above 1.0941. It seems likely that the upward movement will continue towards the 1.10 and 1.1049 areas. The direction is up in the pair. Support: 1.0941 - 1.0865 Resistance: 1.10 - 1.1049
Ounce gold has always pointed upwards since the 200-day average contact, roughly since the 1895 region. Indeed, a major acceleration movement took place. The supply region was easily overcome. The next target may be 1977 liquidity. The main movement direction is still upwards. The boundaries of the upper supply region are the 1992-2007 dollar region. Support: 1947-1939 Resistance: 1977 - 1992
GBPUSD as we mentioned, experienced a relaxation to the level of 1.27. In this region, it also gained strength from its 10-day exponential average and jumped up again. The main direction in the parity is still up Support: 1.27 Resistance: 1.2840 - 1.2965
WTI We have reached $77 on the CRUDE Oil side. This region is the area where the 200-day averages create resistance. For this reason, we are in a phase where the risk needs to be reduced. The expectation has been successfully completed. Support: 72.90 – 72.20 Resistance: 77
USDJPY parity completed its target by giving a perfect test to the 142.25 level that we have mentioned many times before. If this area is overcome with momentum, it can continue to the 145 band. Support: 140.80 - 139.30 - 137.40 Resistance: 142.25 - 145
BRENT Oil reached the 200-day averages area. The averages that came down due to temporality were indicating slightly below the 82 level. Our expectation was successfully completed. There are serious resistances in this area. Risk should be reduced. Support: 77.50 – 76.80 Resistance: 82.00
Dollar/Turkish Lira has been moving sideways for days. The expectation of an interest rate hike may be causing this movement. The belief that the exchange rate will fall with the interest rate data to be announced at 14:00 today is dominant. Support: 23.25 - 22.50 Resistance: 25.00
The peak was exceeded on the Nasdaq side. The first of the resistances we specified as 15600 - 15650 was successfully touched. The direction in the index is still up. There is no deterioration in the upper time frames. Support: 15277 - 15094 Resistance: 15600 - 15650
**We were giving importance to the 1938 dollar level in ounce gold. The day closed below this level. The outlook is negative. We see it possible that the declines in gold will continue. After giving reactions until around 1945, it may target the 1890-1900 band. Support: 1900 - 1890 Resistance: 1945 - 1985
My short-term increase target was also reached on the DAX side. However, due to the wave structure, a slight pullback seems likely at this stage. The course continues above all 4-hour average supports. The general outlook is positive. Support: 16076 - 15985 Resistance: 16180
WTI On the CRUDE Oil side, the 68.50-70.00 region seems to have worked. The price reacted from the region and moved to the positive side again. As long as it remains above $70, the upward movement is expected to continue. 73.80 may be the target in the first place. Support: 71.70 - 67 - 64.40 Resistance: 73.80
BRENT Oil is still positive above 75.25. It is expected to advance to the 78.60 - 80.00 band above 76. It has gathered strength from moving averages again. Support: 76.10 - 75.25 - 71.70 Resistance: 78.60
Nasdaq is showing weakness in 4-Hour. EMA50 average in the 14920 band has been broken. A pullback to a lower support area around 14690 may continue. EMA10 average has been passed below the daily. Support: 14690 Resistance: 15000 - 15100 - 15650
DAX is showing weakness in the 4-Hour view. It has fallen to the moving average supports and broken them one by one. It even broke the 200-period averages in the 16000 area. The price seems more likely to continue the downward movement. The 15835 band may come. Support: 15835 - Resistance: 16000 - 16100
We stated that we expect the rise to continue above 25700 on the Bitcoin side. There was a very strong upward movement. There is a possibility that the price will test the 32400-33700 band. The direction is up. Support: 28400 - 25700 Resistance: 32400 - 33700
EURUSD easily reached the 1.1184 level. With the collapse of the dollar index, dollar-counterparts gained serious strength. There is another liquidity zone above the price. The box marked in blue represents the next uptrend target. Support: 1.1050 – 1.1000 Resistance: 1.1269 – 1.1301
EURUSD came down again after testing the entire orderblock zone. In the continuation of the movement, the price may fall to the 10-day average support level of 1.09. However, the main direction is up. Support: 1.0941 - 1.09 Resistance: 1.10 - 1.1049
We stated that the direction of movement on the GBPUSD side is up and continues to maintain its strong position with the averages. A perfect contact was also made to the 1.3142 level that we targeted. We can observe a slight pullback in the price. The main direction is still up. Support: 1.3070 – 1.2965 Resistance: 1.3142
GBPUSD as we mentioned, experienced a relaxation to the level of 1.27. The reaction it received from the region was not enough to exceed the level of 1.2840. In the first stage, we expect a retest to 1.27. Support: 1.27 Resistance: 1.2840 - 1.2965
USDJPY pair's reaction movement occurred in a meaningful area. A decisive reaction was received with Friday's close. Due to the high price imbalance on the upper side, it seems likely that we will see a continuation of the upward movement in the near term. Support: 138.30 - 137.15 Resistance: 140.00
USDJPY parity completed its target by giving a perfect test to the 142.25 level that we have mentioned many times before. 142.25 was exceeded. The expectation is that the movement will continue to the 145.1 band. Support: 142.25 - 140.50 Resistance: 145.1
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.95 and 25.40 bands. Support: 25.95 – 25.40 Resistance: 30.00
DollarTL rose rapidly. There was an accelerated movement due to the interest rate increase announced below expectations. 23.75 and 22.85 are average supports. The main direction is still upwards in the parity. Support: 23.75 - 22.85 Resistance: 25.00
**We were giving importance to the 1938 dollar level in ounce gold. The day closed below this level. The outlook is negative. We see it possible that the declines in gold will continue. After giving reactions until around 1945, it may target the 1890-1900 band. Support: 1900 - 1890 Resistance: 1945 - 1985
BRENT If oil cannot hold at 74.10-73.40, declines will continue. It lost its potential rise structure in the 4-hour period. If it cannot hold in the region, the 71.70 region will be the target for decline. Support: 76.10 - 75.25 - 71.70 Resistance: 78.60
Nasdaq bounced back up from the average area due to the main direction being up in the daily. The risk of a sell side transaction is still high due to the movement direction of the upper time slices being up. Support: 14920 - 14690 Resistance: 15000 - 15100 - 15650
DAX produced a serious reaction from the 15835 area. However, the price returned to the area. In case of loss of the level, the 15700 and 15600 bands will be the downward targets in the index. Support: 15700 - 15600 Resistance: 16000 - 16100
We stated that we expect the rise to continue above 25700 on the Bitcoin side. There was a very strong upward movement. There is a possibility that the price will test the 32400-33700 band. The direction is up. Support: 28400 - 25700 Resistance: 32400 - 33700
EURUSD easily reached the 1.1184 level. With the collapse of the dollar index, dollar-counterparts gained serious strength. There is another liquidity zone above the price. The box marked in blue represents the next uptrend target. Support: 1.1050 – 1.1000 Resistance: 1.1269 – 1.1301
We stated that the direction of movement on the GBPUSD side is up and continues to maintain its strong position with the averages. A perfect contact was also made to the 1.3142 level that we targeted. We can observe a slight pullback in the price. The main direction is still up. Support: 1.3070 – 1.2965 Resistance: 1.3142
USDJPY pair's reaction movement occurred in a meaningful area. A decisive reaction was received with Friday's close. Due to the high price imbalance on the upper side, it seems likely that we will see a continuation of the upward movement in the near term. Support: 138.30 - 137.15 Resistance: 140.00
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.95 and 25.40 bands. Support: 26.05 – 25.50 Resistance: 30.00
Ounce gold has always pointed upwards since the 200-day average contact, roughly since the 1895 region. Indeed, a major acceleration movement took place. The supply region was easily overcome. The next target may be 1977 liquidity. The main movement direction is still upwards. The boundaries of the upper supply region are the 1992-2007 dollar region. Support: 1947-1939 Resistance: 1977 - 1992
EURUSD tested the imbalance zones that it left open in the lower zone in the daily time frame. Although this test was a bit delayed, it was achieved as of Friday. The dollar index returned from an important zone. The parity may move downward after the reactions. Support: 1.0865 – 1.0845 Resistance: 1.0941 – 1.100
WTI On the CRUDE side, we reached $77. This was the last high we pointed out. It was sold off heavily from the 200-day average resistance. 73.80 and 72.80 levels are potential supports. The reaction can be sought here. Support: 73.80 – 72.80 Resistance: 77
GBPUSD side, imbalances are closed in the daily time frame. The price is still trading above the moving averages. As long as it holds above 1.27, it can retarget the 1.2840 area. Support: 1.27 – 1.2641 Resistance: 1.2840 -
Brentin decline was triggered by the contact with the 200-day average resistance on the WTI side. They showed a correlated behavior and the deep decline was reflected on both sides. 78.50 and 77.40 bands are the levels that can be monitored for reaction. Support: 78.50 – 77.40 Resistance: 82.00
The main direction in the USDJPY pair is up. The supply zone expressed with the green borders that we have previously emphasized has been exceeded. The price tends to test the upper liquidity area around 145. Support: 142.25 – 140.50 Resistance: 145.1 -
Nasdaq peak has been exceeded. The first of the resistances we have specified as 15600 - 15650 has been successfully contacted. As of yesterday, it has also passed the supply zone. Our expectation is the 15900-16000 region. Direction is up. Support: 15650 - 15600 Resistance: 15900 - 16000
Ounce gold settled below the 100-day average support last week. The price is still in the negative zone. It may want to test the 200-day average in the 1890-1900 area. Support: 1894 Resistance: 1935 – 1937 - 1942
WTI CRUDE Oil has not lost its major supports yet. The 67-68 band accelerated the price upwards on Friday. If the day closes below the Zone, the declines can be expected to continue. It can test the 70.75 band. Support: 68-67 Resistance: 70.75 – 71.00
BRENT Oil has not yet closed the day below the demand zone. The price may want to test the OB limit that has become evident in the daily time frame, namely the 75.40 level. We do not expect a collapse in price as long as the 73.40-74.10 zone is not lost. Support: 74.10 – 73.40 Resistance: 75.40 – 77.00
Nasdaq has completed liquidity cleaning. The price movement direction is still up. It has received its reaction from imbalance zones. As long as the blue box is held, the price movement direction will be up. Support: 14890 - 14850 Resistance: 15050
The expected decline occurred on the DAX side. It reacted from the demand zone. As long as the 15835-15735 area expressed in the blue box is maintained, we will expect upward movements in the index. It may give tests at 15915 and 15960. Support: 15835 - 15735 Resistance: 15915 - 15960
Bitcoin has experienced a rise that it has not been able to show for a long time. The price momentum is high. Following corrections, it may continue to move towards the 32400 - 33700 band. In the upper time frames, the main movement direction seems to be upward. Support: 29500 Resistance: 32400 - 33700
The main movement direction in the EURUSD parity is still up. It gained momentum from the region we pointed out last week. It continues to trade above the moving averages. It can be observed that it will test the levels of 1.0958 and 1.0986. Support: 1.0857 – 1.0833 Resistance: 1.0958 – 1.0986
GBPUSD sharp declines were balanced in the order block in the lower region. The main movement direction is still upward in the parity, which regularly reacted from the upper limit. It may test the 1.2747 band in the near term. As long as it remains roughly above 1.26, a positive outlook will prevail. Support: 1.26 – Resistance: 1.2747 - 1.2840
USDJPY The price touched the 145.1 area that we have repeatedly mentioned. Then, some selling pressure occurred. As long as the price stays above the moving averages, especially if it does not close below the 20-day exponential average, it will maintain its strong trend. Support: 143.55 – 142.30 Resistance: 145.1 -
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 25.30 and 24.28 bands. Support: 25.30 – 24.28 Resistance: 30.00
Ounce gold completed our downside target last week. It made a perfect contact with its 200-day exponential average and moved rapidly upwards. As long as the day does not close below $1895, we expect the ounce to continue to rise and the new trend to continue. The secondary price volatility target is $1939. Support: 1895 Resistance: 1939 - 1947
WTI On the CRUDE Oil side, the 4-Hour EMA200 average was tested. If the price can settle above 71, we will be expecting the continuation of the upward movement. Roughly, it can trigger this rise up to the level of 73. Support: 68-67 Resistance: 70.75 – 71.00 – 73.25
BRENT Oil touched the EMA200 average in the 4-Hour period. If it can settle above the resistance, that is, if it can hold on above 75.50, it can continue its rise to the 77.50 region. Support: 74.70 – 74.50 Resistance: 75.40 – 77.50
Nasdaq saw significant participation from its 20-day exponential average. The index is moving upwards. Momentum is still maintained. In the near term, it is expected to return to the 15277 level. As long as it remains above the averages, the price may continue to the 15650 band. Positive. Support: 15060 - 14830 Resistance: 15277 - 15650
On the DAX side, the price touched the indecision candle structure. We can say that the short-term increase expectation was completed at this level. The index gained serious momentum on the daily. The price can continue up to the daily imbalance limit of 16270. Support: 16050 - 15960 Resistance: 16220 - 16270
Bitcoin continues to rise above moving averages. It cleared liquidity at 29500. It seems likely that the rise towards 32400 and 33700 levels will continue. Support: 29500 Resistance: 32400 - 33700
The main movement direction in the EURUSD parity is still up. It gained momentum from the region we pointed out last week. It continues to trade above the moving averages. It can be observed that it will test the levels of 1.0958 and 1.0986. Support: 1.0857 – 1.0833 Resistance: 1.0958 – 1.0986
GBPUSD sharp declines were balanced in the order block in the lower region. The main movement direction is still upward in the parity, which regularly reacted from the upper limit. It may test the 1.2747 band in the near term. As long as it remains roughly above 1.26, a positive outlook will prevail. Support: 1.26 – Resistance: 1.2747 - 1.2840
USDJPY The price touched the 145.1 area that we have repeatedly mentioned. Then, some selling pressure occurred. As long as the price stays above the moving averages, especially if it does not close below the 20-day exponential average, it will maintain its strong trend. Support: 143.55 – 142.30 Resistance: 145.1 -
Dollar/TL main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to the 25.40 and 24.40 bands. Support: 25.40 – 24.40 Resistance: 30.00
Ounce gold is settling above the first target area. This represents the strength of the price. As long as the day does not close below $1895, we expect the ounce to continue to rise and the upward trend to continue. The secondary price imbalance target is $1939. Support: 1917 - 1895 Resistance: 1939 - 1947
WTI On the CRUDE Oil side, the 4-Hour EMA200 average was tested. If the price can settle above 71, we will be waiting for the continuation of the upward movement. It is expected that the weakness will increase under 69.80 and the downward movement will begin. Support: 69.80 - 68- 67 Resistance: 70.75 - 71.00 - 73.10
BRENT Oil touched the EMA200 average in the 4-Hour period. If it can settle above the resistance, that is, if it can hold on to 75.50, it can continue its rise to the 77.50 region. 74.65 is an important support band. Closing below it may bring a sharp decline to the price. Support: 74.65 - 73 Resistance: 75.30
Nasdaq saw significant participation from its 20-day exponential average. The index is moving upwards. Momentum is still maintained. In the near term, it is expected to return to the 15277 level. As long as it remains above the averages, the price may continue to the 15650 band. Positive. Support: 15060 - 14830 Resistance: 15277 - 15650
On the DAX side, we stated yesterday that the indecision candle structure was touched and the target was completed in the short term. Then there was a sharp correction. As long as the price stays above 16050, the daily imbalance limit can continue up to the 16270 level. Support: 16050 - 15960 Resistance: 16220 - 16270
Bitcoin continues to rise above moving averages. It cleared liquidity at 29500. It seems likely that the rise towards 32400 and 33700 levels will continue. Support: 29500 Resistance: 32400 - 33700
Ounce indicates the 50-week exponential average support around 1896-1897. The price bounced off this average exactly. However, it could not return. If it loses its 1892 liquidity, a drop to the 1867-1880 band is expected. Support: 1880 - 1867 Resistance: 1921 - 1937
EURUSD has reached an important area in the daily time frame on the chart. It is trading above the 20-day exponential average support. It is also in the 4-hour imbalance area. We can see an upward movement from the 1.1072-1.1060 area. Support: 1.1072 – 1.1060 Resistance: 1.1109
GBPUSD is in a significant demand zone. The limits of the bull order are expressed by 1.2753-1.2818. The price is likely to react upwards from this zone. Support: 1.2818 – 1.2753 Resistance: 1.29
USDJPY parity has achieved a serious upward movement from the average supports we have mentioned. The price has touched the entire imbalance zone. Roughly, the 143 band is the next imbalance level. However, directly targeting this level is relatively risky compared to the ones below. Support: 141.27 – 140.35 Resistance: 143.00 – 143.53
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.60 and 26.06 bands. Support: 26.60 – 26.06 Resistance: 30.00
Ounce gold price held in the 1954-1956 region. It gained strong momentum. It seems possible that a rising wave will start from here to the 1970 region. Support: 1956 - 1954 Resistance: 1967 - 1970
WTI The target we stated on the CRUDE Oil side has arrived. The price was very strong and broke through the resistance with momentum. The next target can be followed as the 81.50 band. Support: 76.80 – 75.00 Resistance: 81.50
Brent broke the major resistance with acceleration. We think that the price wants to reach higher. 84 and 85.50 can be followed as sequential targets. The direction seems to be up. Support: 82.00 – 80.40 Resistance: 84.00 – 85.50
Nasdaq proved that the area is valid by touching the lowest limit of the area we specified as the demand zone. The price received good reactions. There is no deterioration in general yet. There is also 20-day exponential average support at the level of 15330. Support: 15360 - 15330 Resistance: 15610 - 15900
EURUSD daily imbalance was completely filled. However, the 100-day exponential average was also clearly rejected. Initially, after 1.0835, the relaxation towards the 1.0803 band may continue. Support: 1.0835 Resistance: 1.09 – 1.0945
DAX is not losing its demand zones. It is still holding on to the averages. There is still untested liquidity in the upper zone. It may want to test the 16270 band in the coming trading days. Support: 16000 - 15915 Resistance: 16220 - 16270
The demand zone we mentioned earlier on the GBPUSD side is still functional. The price is gathering strength above the 100-day average. As long as 1.259 is not lost, the pair can be expected to continue up. Support: 1.259 Resistance: 1.2793
Despite the price repeatedly receiving reactions from the averages, it has not been able to achieve an upward price expansion. The accelerated selling that has been noted in the last candles is worrying. In case of settling below 29700, we expect the pullbacks on the Bitcoin side to continue. Support: 29700 - 28700 Resistance: 32400 - 33700
On the USDJPY side, the price reached the 145.60 band that we have specified. It has not yet broken the EMA10 support. If 144.92 is broken and a closing is made below it, the pullback to around EMA20 may continue. Support: 144.92 - 143.90 Resistance: 145.62 - 146.79
Dollar/TL main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to 27.01 and 26.785 bands. Support: 27.01 – 26.85 Resistance: 30.00
There was no return from the 200-day average support in Ounce gold. If it loses its 1892 liquidity, a fall to the 1867-1880 band is expected. Support: 1880 - 1867 Resistance: 1921 - 1937
WTI The past demand zone worked on the CRUDE Oil side. The price gained momentum again. It maintains its positive trend above roughly $81. It may test the 82.39 band in the near term. Support: 81.00 - Resistance: 82.39 - 85.20 -
Brent has started to recover from the demand zone after the decline. It is strong above the 84.60 band. It may continue around 86.15 in the short term. Support: 84.60 - 82.50 Resistance: 86.14 - 87.45
Nasdaq had clearly broken the 50-day exponential average support. It has reached another liquidity target. We have previously stated that the main direction is down. The decline may continue until around 14500. Support: 14500 Resistance: 15010 - 15150
DAX has suffered deep declines, losing the 100-day moving average. The price has not yet touched the 200-day moving average area. The 16400 band is roughly the major support. The price is likely to touch there. Support: 15460 - 14400 Resistance: 15815 - 15990 -
EURUSD recognized the 4-Hour order block on the chart. It is possible to make a serious move up from here. The fact that the region is recognized so perfectly gives a clue about the security of the movement. 1.1020-1.1036 are the region limits. 1.1080 should be tested first. Support: 1.1036 – 1.1020 Resistance: 1.1080 – 1.1107
We stated that the GBPUSD parity is in an important demand area. We noted that it will move up from here. The price gained momentum. 1.2923 and 1.2941 bands are potential targets. Support: 1.2877 Resistance: 1.2923 – 1.2941
USDJPY parity touched the entire area we call safe. It could not go to the 143 band without pausing. The 139.75-140.46 band is the demand area. If the price pulls back, returns can be sought from this area. Support: 140.45 - 139.75 Resistance: 141.55 - 143.00
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.65 and 26.14 bands. Support: 26.65 – 26.14 Resistance: 30.00
EURUSD will maintain its positive structure as long as it remains above 1.089. It also provided support from 4-hour averages. 1.0939 test may come. Support: 1.089 Resistance: 1.0939 – 1.0945
Ounce gold price held in the 1954-1956 region. It gained strong momentum. It seems possible that a rising wave will start from here to the 1970 region. Support: 1956 - 1954 Resistance: 1967 - 1970
The demand zone we mentioned earlier on the GBPUSD side is still functional. The price is gathering strength above the 100-day average. As long as 1.259 is not lost, the pair can be expected to continue up. Support: 1.259 Resistance: 1.2793
WTI The target we stated on the CRUDE Oil side has arrived. The price was very strong and broke through the resistance with momentum. The next target can be followed as the 81.50 band. Support: 76.80 – 75.00 Resistance: 81.50
On the USDJPY side, the price reached the 145.60 band that we have specified. It has not yet broken the EMA10 support. If 145.24 is broken and closed below, the pullback to around EMA20 may continue. In the current situation, the direction is upwards, we can see a test of 146.79. Support: 145.24 - 144.17 Resistance: 146.79
Brent broke the major resistance with acceleration. We think that the price wants to reach higher. 84 and 85.50 can be followed as sequential targets. The direction seems to be up. Support: 82.00 – 80.40 Resistance: 84.00 – 85.50
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 27.03 and 26.87 bands. Support: 27.03 – 26.87 Resistance: 30.00
Nasdaq proved that the area is valid by touching the lower limit of the area we specified as the demand area. The price received good reactions. There is no deterioration in general yet. There is also a 20-day exponential average support at the level of 15330. Support: 15360 - 15330 Resistance: 15610 - 15900
Ons is gathering strength in the 4-Hour gold. In the near term, we can see an upward movement up to the 1901.7 band. No deterioration yet. The structure is maintained above 1893. Support: 1893 - 1867 Resistance: 1901 - 1910
DAX is not losing its demand zones. It is still holding on to the averages. There is still untested liquidity in the upper zone. It may want to test the 16270 band in the coming trading days. Support: 16000 - 15915 Resistance: 16220 - 16270
WTI On the CRUDE Oil side, the past demand zone worked. It was exposed to a decline before reaching the sales zone we targeted. We see it as negative in the short term. The decline towards the 200-day averages in the 82 band may continue. Support: 82.00 - Resistance: 82.39 - 85.20 -
Bitcoin lost the 29700 level in 4-hours. The price has been stuck in a very narrow area for days. There is a 500-period average in 4-hours below. It seems possible that they will pull the price back to the 28400 band. Support: 28400 Resistance: 29700 - 32400 - 33700
Brent was subject to selling before reaching our target level. We see it as negative in the short term. It may decline to around 82.50. Support: 82.50 Resistance: 86.14 - 87.45
Nasdaq seems to continue its upward reaction in the short term. 15012 can be monitored as a target in the first stage. As long as the price does not fall below 14740, we expect the positive trend to continue in the short term. Support: 14740 Resistance: 15010 - 15180
DAX also seems likely to continue upward reactions. The 15725 band above 15620 may be tested in the near term. Support: 15620 Resistance: 15725 - 15990 -
EURUSD The targets we stated yesterday were achieved. The 1.1107 level was touched. The demand zone worked effectively. As long as the price stays above 1.1077, it is expected to maintain its positive trend. Support: 1.1077 – 1.1036 Resistance: 1.1142 – 1.1174
Both of the last target levels we showed in the GBPUSD parity were reached. The price tested the levels with high momentum. The outlook is still positive. There is open liquidity in the 1.3012 band on the upside. This level may also be tested. Support: 1.2941 – 1.2923 Resistance: 1.3012 – 1.3031
EURUSD has been exposed to declines after remaining below the daily averages. The 1.0835 area was tested yesterday. The 200-day average support has not yet been touched. The decline may continue. Support: 1.0805 - Resistance: 1.090 – 1.0945
USDJPY pair touched the entire area we call safe. It could not go to the 143 band without pausing. The 139.75-140.46 band is the demand area. If the price pulls back, returns can be sought from this area. Support: 140.45 – 139.75 Resistance: 141.55 - 143.0
The demand zone we mentioned earlier on the GBPUSD side is still functional. The price is gathering strength above the 100-day average. As long as 1.259 is not lost, the pair can be expected to continue up. Support: 1.259 Resistance: 1.2793
Dollar/TL side main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to 26.70 and 26.20 bands. Support: 26.70 – 26.20 Resistance: 30.00
On the USDJPY side, the price reached the 145.60 band that we have specified. It has not yet broken the EMA10 support. If 145.30 is broken and closed below, the pullback to around EMA20 may continue. In the current situation, we can see the upward 146.79 test. Support: 145.30 - 144.17 Resistance: 146.79
The upward movement we expected in Ounce gold occurred. After the FED, the price gained speed and advanced to the 1982 band. Our macro direction is still upward. The 1990 band draws attention as a potential target. Support: 1970 - 1956 Resistance: 1977 - 1985
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 27.05 and 26.90 bands. Support: 27.05 – 26.90 Resistance: 30.00
WTI The target we stated on the CRUDE Oil side has arrived. The price was very strong and broke through the resistance with momentum. The next target can be followed as the 81.50 band. Support: 76.80 – 75.00 Resistance: 81.50
Ounce is gathering strength in the 4-Hour gold. Our 1901.7 expectation came true. The price can be expected to test around 1909-1910 today. 1914 is the secondary close target. Support: 1896 - 1867 Resistance: 1909 - 1914
Brent broke the major resistance with acceleration. We think that the price wants to reach higher. 84 and 85.50 can be followed as sequential targets. The direction seems to be up. Support: 82.00 – 80.40 Resistance: 84.00 – 85.50
WTI On the CRUDE Oil side, the past demand zone worked. It was exposed to a decline before reaching the sales zone we targeted. We see it as negative in the short term. The decline towards the 200-day averages in the 82 band may continue. Support: 82.00 - Resistance: 82.39 - 85.20 -
Nasdaq gained serious momentum with FED. The main direction is still up. The potential target can be followed as 15677 liquidity. As long as the region expressed by the box below is not lost, we will accept that the main trend is upward. Support: 15385 - 15360 Resistance: 15677 - 15744
Brent was subject to selling before reaching our target level. We see it as negative in the short term. It may decline to around 82.50. Support: 82.50 Resistance: 86.14 - 87.45
DAX is showing interesting movements. Our demand zones are working perfectly, but the market structure does not seem to be that eager. Yesterday, the border of our lower demand zone created a perfect support for the price. We currently expect it to go to 16270 liquidity and other potential target levels in the upper zone. Support: 16084 – 14049 - 16000 Resistance: 16204 – 16240 - 16270
Nasdaq seems to continue its upward reaction in the short term. We said that 15012 could be monitored as a target in the first stage. This level was reached yesterday. The structure is still maintained. 15100 could be the target in the near term. Support: 14740 Resistance: 15012 - 15100
Bitcoin lost the 29700 level in 4-hours. The price has been stuck in a very narrow area for days. There is a 500-period average in 4-hours below. It seems possible that they will pull the price back to the 28400 band. Support: 28400 Resistance: 29700 - 32400 - 33700
DAX also seems likely to continue upward reactions. It easily reached the 15725 target. The next stop of the price may be the 15850 band. The structure is maintained. Support: 15680 Resistance: 15850 - 15990 -
The targets we stated yesterday on the EURUSD side have been realized. Then a deep sell-off occurred. At this point, our box, whose borders are also expressed above, is the demand zone. As long as the box is not lost, upward reactions are expected to be produced. Support: 1.0973 – 1.0943 Resistance: 1.0995 – 1.1011
GBPUSD pair fell deeply due to data flow after making its move within our expectations. It fell to the demand zone on the 4-hour chart. The price slowed down in this zone. As long as the region is held, upward reaction movements are expected. Support: 1.2753 Resistance: 1.2818 – 1.2852
USDJPY pair's upper demand zone was destroyed with the data flow. Our current demand zone is shown in the chart. It seems likely that the price will react upwards from the zone. There has also been a pullback to the EMA100 indicator in the daily time frame. Support: 138.82 - Resistance: 139.48 - 139.93
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.73 and 26.27 bands. Support: 26.73 – 26.27 Resistance: 30.00
EURUSD has had a very strong reaction from its 200-day average support. We have touched on the importance of this level. We do not expect the price to continue falling unless it falls below the roughly 1.08 band. For now, we will accept this as the final support. Support: 1.08 Resistance: 1.089 – 1.09
The upward movement we expected in Ounce occurred. Deep sales were experienced yesterday with the data flow. There was a pullback to our lower demand area again. As long as it remains above the blue and red font boxes, our general increase expectation in ounce will continue. Support: 1947 - 1939 Resistance: 1962 - 1964
WTI The target we stated on the CRUDE Oil side has arrived. The price was very strong and broke through the resistance with momentum. The next target can be followed as the 81.50 band. Support: 76.80 – 75.00 Resistance: 81.50
Brent broke the major resistance with acceleration. It reached the $84 level that we expected. Our second target of 85.50 is still valid. Our expectation is for the rise to continue. Support: 82.00 – 80.40 Resistance: 84.00 – 85.50
Nasdaq hit both of our targets yesterday and then suffered a deep pullback. It is worrying us that it is selling so quickly. The boundaries of our demand zone are clear. As long as the price stays within/above the zone, we still do not expect a collapse in the index. Support: 15450 - 15250 Resistance: 15600 - 15675
DAX has reached our peak liquidity. It has exceeded its historical peak. The direction of the price is still upward. Roughly, the peak extension stands out as 16570. The price may continue to advance to this region. Support: 17270 - 16085 Resistance: 16425 - 16570
The demand zone indicated by EURUSD worked well. It pushed the price up. This momentum can be expected to continue. There is another buyer block in the 1.0991 band. If the price pulls back, it can get strength from here too. Support: 1.0991 – 1.0973 – 1.0943 Resistance: 1.1047 – 1.1087
GBPUSD did not lose our demand zone. After the deep decline, this zone became the price support again. As long as the zone is not lost, the price can be expected to continue towards the 1.2939 band. Support: 1.2818 – 1.2753 Resistance: 1.2939
We stated that we were in a significant demand area on the USDJPY side. The price was likely to gain momentum from this area. The exact scenario we mentioned happened and the price made a significant increase. This appreciation movement may continue until the 143 band. Support: 141.65 - 140.63 Resistance: 143
The area indicated in pink under Ounce may act as the current demand area. It is possible that the price will comply with all three areas on the chart. The main structure has not yet been broken under ounce. As long as the pink area is maintained, it will maintain its strength. Support: 1953 – 1948 - Resistance: 1962 - 1964
Brent broke the major resistance with acceleration. It reached the $84 level that we expected. Our second target of 85.50 is still valid. Our expectation is for the rise to continue. Support: 82.00 – 80.40 Resistance: 84.00 – 85.50
Nasdaq hit both of our targets yesterday. The main trend is still up for the index. Although there have been serious pullbacks during the trend, the structure is still positive and the direction is up in the upper timeframes. Support: 15470 - 15360 Resistance: 15745 - 15908 - 16020
DAX has reached our peak liquidity. It has exceeded its historical peak. The direction of the price is still upward. Roughly, the peak extension stands out as 16570. The price may continue to advance to this region. Support: 17270 - 16085 Resistance: 16425 - 16570
EURUSD is currently determined by the current demand zone borders. As long as the zone is not lost, upward reactions are expected to continue. The price is also above the 50-day exponential average support. It is a potential support. Support: 1.0943 – 1.0990 Resistance: 1.1047 – 1.1087
GBPUSD did not lose our demand zone. After the deep decline, this zone became the price support again. As long as the zone is not lost, the price can be expected to continue towards the 1.2939 band. Support: 1.2818 – 1.2753 Resistance: 1.2939
We stated that we were in a significant demand area on the USDJPY side. The price was likely to gain momentum from this area. The exact scenario we mentioned happened and the price made a significant increase. This appreciation movement may continue until the 143 band. Support: 141.65 - 140.63 Resistance: 143
The area indicated in pink under Ounce may act as the current demand area. It is possible that the price will comply with all three areas on the chart. The main structure has not yet been broken under ounce. As long as the pink area is maintained, it will maintain its strength. Support: 1953 – 1948 - Resistance: 1962 - 1964
WTI On the CRUDE Oil side, our $81.50 expectation has also been realized as of today. The price has advanced to this region with high momentum. It may be subject to some sales. There is a potential to continue up to around 83.50 and 85. Support: 79.17 – 77.40 Resistance: 81.50 – 83.50 – 85.0
Brent successfully reached the target area we specifically mentioned, namely $85.50. The main movement direction of the price is still up. It may continue to the 87.15 and 89 bands. Support: 82.00 – 80.40 Resistance: 85.50 – 87.15 – 89.00
Nasdaq reached both of our targets yesterday. The main direction is still up for the index. Although there have been serious pullbacks during the trend, the structure is still positive and the direction is up in the upper timeframes. Support: 15500 - 15360 Resistance: 15745 - 15908 - 16020
DAX has reached our peak liquidity. It has exceeded its historical peak. The direction of the price is still upward. Roughly, the peak extension stands out as 16570. The price may continue to advance to this region. Support: 17270 - 16085 Resistance: 16425 - 16570
EURUSD is currently determined by the current demand zone borders. As long as the zone is not lost, upward reactions are expected to continue. The price is also above the 50-day exponential average support. It is a potential support. Support: 1.0943 – 1.0990 Resistance: 1.1047 – 1.1087
GBPUSD did not lose our demand zone. After the deep decline, this zone became the price support again. As long as the zone is not lost, the price can be expected to continue towards the 1.2939 band. Support: 1.2818 – 1.2753 Resistance: 1.2939
USDJPY The price reached the level 143 band that we targeted. There was a serious acceleration in the daily time frame. However, the supply zone was reached again in the daily. It is risky to expect the price to go higher from here. Support: 141.65 - 140.63 Resistance: 143
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.80 and 26.44 bands. Support: 26.80 – 26.44 Resistance: 30.00
Ounce gold, the 1939-1947 region is our last demand area. At the same time, the 100-day average support passes from this region. If the box is lost, we assume that the structure will be disrupted and the decline in ounce will continue. Support: 1947 - 1939 Resistance: 1952 - 1957
WTI On the CRUDE Oil side, our $81.50 expectation has also been realized as of today. The price has advanced to this region with high momentum. It may be subject to some sales. There is a potential to continue up to around 83.50 and 85. Support: 79.17 – 77.40 Resistance: 81.50 – 83.50 – 85.0
Brent successfully reached the target area we specifically mentioned, namely $85.50. The main movement direction of the price is still up. It may continue to the 87.15 and 89 bands. Support: 82.00 – 80.40 Resistance: 85.50 – 87.15 – 89.00
Nasdaq reached both of our targets yesterday. The main direction is still up in the index. Although there are serious pullbacks during the trend, the structure is still positive and the direction is up in the upper timeframes. If we see the day close below 15480, our expectation will be shelved. Support: 15480 - 15360 Resistance: 15745 - 15908 - 16020
DAX lost its power just a short distance before the peak extension. It came below the 4-hour averages and fell sharply. It is expected to continue to retreat towards the 16085-16049 area. In the current situation, it seems very risky to try to buy without seeing a hold. Support: 16085 Resistance: 16425 - 16570
Our expectation on the Bitcoin side was that it would test the 28400 area. However, the price made a sharp turn from the 28600 area. As long as the 29230-28285 band is maintained, our expectation on the Bitcoin side is for the uptrend to continue. Support: 29230 - 28585 Resistance: 32400 - 33700
EURUSD continues to be weak due to the averages being broken. The 50-day exponential average was broken and closed below it. It seems likely that the price will pull back to the 1.0908 and 1.0895 bands. Support: 1.0908 – 1.0895 Resistance: 1.0972 – 1.1007
GBPUSD broke its 50-day average with serious momentum. It also closed below. Our direction of movement is down. Roughly, the target can be followed as around 1.2590. Support: 1.2590 – 1.2494 Resistance: 1.2742
USDJPY The price reached the level 143 band that we targeted. It even went to the upper limit of imbalance. Since these areas are extreme areas, the risk for buy positions is now very high. We are not looking for a new target. Support: 143 – 142.18 Resistance: 143.55
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.84 and 26.52 bands. Support: 26.84 – 26.52 Resistance: 30.00
Ons we will follow the 1929-1938 area under. The decline has become heavy in this area. A certain buyer group has emerged. As long as the area is not lost, we may see an upward movement again. If it is lost, the 1907 band may come to the agenda. Support: 1938-1929 - 1907 Resistance: 1941 - 1951
On the Brent side, the area we pointed out yesterday worked without any problems. We stated that the price would trend upwards as long as it did not lose the area. As long as it remains above the area, we will be waiting for the continuation of the trend. Support: 83.40 – 82.25 Resistance: 84.00 – 84.75
On the EURUSD side, the average zone, which is indicated in blue on the chart, is important. As long as this average zone remains above, we will assume that the main direction will be upwards. Both the imbalance and the 100-day average offer strong support. Support: 1.09 Resistance: 1.1050 – 1.1140
GBPUSD produced serious reactions from the cheap zone. It also recognized its 500-period support in the 4-hour period. The price is expected to defend the area represented by the red box in the chart. As long as it remains above it, the continuation of the upward movement can be observed. Support: 1.2744 – 1.2590 Resistance: 1.2790
USDJPY side has seen sales from the extreme areas we have mentioned. The price met with the 20-day average support. As long as it remains above the 141.50 band, the main direction will be upwards. Support: 141.70 – 141.20 Resistance: 143.30
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.86 and 26.56 bands. Support: 26.87 – 26.59 Resistance: 30.00
Ounce under the 1937-1932 narrowed demand area. In the current situation, this seems to be the clear buyer area. The price can be expected to accelerate upwards from the area again. Support: 1937 – 1932 - 1929 Resistance: 1950
WTI CRUDE Oil side is still strong. It will maintain its upward potential above the 81.60 band. It can continue up to the 83.50 band. Support: 81.60 – 80.50 Resistance: 83.50
Brent also maintains its strength above $85. It may advance to the 87-87.15 band we mentioned earlier this week. The outlook is still positive. Support: 85.50 - 84 Resistance: 87.15 -
Nasdaq side 4-Hour EMA200 price is holding. It showed its reaction for the second time today. If roughly 15270 is lost, we expect Nasdaq to decline to the 15020-15140 band with sharp declines. Support: 15270 – 15140 - 15020 Resistance: 15490 - 15525
The decline we pointed out on the DAX side occurred. It declined to the blue EMA100 average. There was a reaction from this region. If the day closes under blue, the continuation of the deep decline can be observed. Support: 15808 - 15725 Resistance: 16030 - 16100
Our expectation on the Bitcoin side was that it would test the 28400 area. However, the price made a sharp turn from the 28600 area. As long as the 29230-28285 band is maintained, our expectation on the Bitcoin side is for the uptrend to continue. Support: 29230 - 28585 Resistance: 32400 - 33700
On the EURUSD side, the average zone represented in blue on the chart is important. As long as this average zone remains above, we will assume that the main direction will be up. Both the imbalance and the 100-day average offer strong support. Support: 1.09 Resistance: 1.1050 – 1.1140
GBPUSD has the potential to continue up. The price accelerated from the intersection of the 100-day average and the 4-Hour buyer block. As long as the box is not lost, its trend will be on the upside again Support: 1.265 – 1.259 Resistance: 1.2793
USDJPY side, there were sales from the extreme regions we mentioned. However, the price managed to stay above the averages. It can continue to the 144.70 band roughly. There are open liquidities in the upper region. Support: 141.87 – 141.20 Resistance: 144.70
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.90 and 26.66 bands. Support: 26.90 – 26.66 Resistance: 30.00
Ounce gold 1937-1932 narrowed demand area. The region was lost. The decline we expected occurred around 1912-1907, which we pointed out. It is possible that the price will fall a little more. It may react from 1907. Support: 1912 - 1907 Resistance: 1932 - 1937
WTI The CRUDE Oil side is still strong. It reached all our targets one by one. There is a significant resistance in front of the price in the 85.20 band. Sales may come from here. Support: 81.60 – 80.50 Resistance: 85.20 -
Brent reached the target levels we have specified one by one. The main direction in price is up. There is a 500-day average resistance around 89.50. It is a significant obstacle. It should be taken into consideration. Support: 85.50 - 84 Resistance: 89.50 -
Nasdaq side experienced the decline that we drew attention to. The price reached the area we targeted. It will be important for us to stay above 15040 in the following process. If it cannot stay above EMA50, we may see the continuation of the declines. Support: 15050 Resistance: 15400
DAX side EMA100 support is still not lost. The area has been defended for 5 trading days. We will wait for the continuation of the upward movement. In the first stage, the 16000 band can be tested. Support: 15815 - 15725 Resistance: 16000 - 16100
As long as the box was protected on Bitcoin's side, we would maintain the expectation of an increase. After days of waiting, a sharp increase came. As long as the box is not lost, the increase can continue. Support: 29230 - 28585 Resistance: 32400 - 33700
EURUSD reached the final target area previously indicated on the chart. It quickly pulled back after touching the area. The price will not relax until it settles on the box. It may want to fill the imbalances in the lower area. Roughly 1.1145 may come. Support: 1.1184 – 1.1145 Resistance: 1.1269 – 1.1301
We stated that the direction of movement on the GBPUSD side was upwards and continued to maintain its strong position accompanied by the averages. A perfect contact was made to the 1.3142 level that we targeted. Then the downward movement that we mentioned started. The pullback may continue until the 1.2965 band. Support: 1.2965 Resistance: 13070 - 1.3142
EURUSD The average area indicated in blue on the chart is important. We will be waiting for the continuation of the pullback after the reaction movement at the beginning of this week. We may see a test of 1.09 and below. Support: 1.09 Resistance: 1.1050 – 1.1140
USDJPY pair's reaction movement occurred in a meaningful area. A decisive reaction was received with Friday's close. Due to the high price imbalance on the upper side, it seems likely that we will see a continuation of the upward movement in the near term. Support: 138.30 - 137.15 Resistance: 140.00
On the GBPUSD side, the possibility of a pullback seems to be stronger than the rise. Although it attempted to pass over the averages more than once, it was unsuccessful. Our expectation for this week is for it to ease to the 1.26 region. Support: 1.259 Resistance: 1.2793
Dollar/TL main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to the 26.28 and 25.68 bands. Support: 26.28 – 25.68 Resistance: 30.00
USDJPY continues its steady rise. Even in extreme areas, it has not broken the structure yet. The price may test the upper liquidity area order block, namely the 145.60 band. The direction still looks up. Support: 141.55 – 142.70 Resistance: 145.62
Ons Our 1977 target level was also successfully reached. This place represented the Rejection Block structure. Next is the final target area, the 1992-2007 band. Our direction in Ons is still upwards. Support: 1964 - 1947-1939 Resistance: 1977 - 1992
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.93 and 26.72 bands. Support: 26.93 – 26.72 Resistance: 30.00
WTI The reaction movement we mentioned on the CRUDE Oil side came from the region we pointed out. The price may continue to the imbalance area that remained open in the upper region in the 4-hour period, namely the 76.24 band. In general, it will not relax until it settles above 78. Support: 73.80 – 72.80 Resistance: 76.24 - 78
Ons The expected decline zone, the 1912-1907 band, has been reached. There has been no decisive reversal yet. The 200-day important average supports are passing from the 1901 and 1907 levels. The price may return from these areas. Support: 1912 - 1907 - 1901 Resistance: 1932 - 1937
Brent also rose from the first of the reaction zones we pointed out before. There is open liquidity in the upper zone in 4 hours. It may test the 80.50 band. If it can stay above 82, it will have overcome major resistances. Support: 78.50 - 77.40 Resistance: 80.50 - 82.00
WTI The CRUDE Oil side is still strong. It reached all our targets one by one. There is a significant resistance in front of the price in the 85.20 band. Sales may come from here. In the current situation, pullbacks are more dominant. Support: 81.60 – 80.50 Resistance: 85.20 -
Brent reached the target levels we have specified one by one. It also completed its liquidity target. In the current situation, targeting higher levels may be risky. Pullbacks seem more likely. Support: 85.60 - 84 Resistance: 87.45 -
EURUSD reached the final target area previously indicated on the chart. It quickly pulled back after touching the area. The price will not relax until it settles on the box. It may want to fill the imbalances in the lower area. Roughly 1.1145 may come. Support: 1.1184 – 1.1145 Resistance: 1.1269 – 1.1301
Nasdaq side experienced the decline we noted. The price reached the area we targeted. However, it could not produce a serious reaction in the potential support area. It still looks weak. It may fall to the 14860 band. Support: 14970 - 14860 Resistance: 15050 - 15400
The downward movement we expected on the GBPUSD side occurred. In fact, it fell much lower than our downward target. It reacted exactly from the EMA20 average. Current support is passing through 1.2872. Support: 1.2872 Resistance: 1.2952 – 1.2965
DAX started the new week with a seller. The EMA100 band, which has been defending the price for days, seems to be broken this time. In case of a break, potential downward targets can be followed as the 15725 - 15620 - 15460 band. Support: 15725 - 15620 - 15460 Resistance: 15930 - 16000 - 16100
USDJPY pair's reaction movement occurred in a meaningful area. A decisive reaction was received with Friday's close. Due to the high price imbalance on the upper side, it seems likely that we will see a continuation of the upward movement in the near term. Support: 138.30 - 137.15 Resistance: 140.00
Ons Our 1977 target level was also successfully reached. This place represented the Rejection Block structure. Next is the final target area, the 1992-2007 band. Our direction in Ons is still upwards. Support: 1964 - 1947-1939 Resistance: 1977 - 1992
WTI Crude Oil reached the target area we specified. There were 200-day average resistances above the target. It was expected that these averages would pose a major obstacle to the price. It advanced a little more after the target, then returned again. Support: 73.80 – 72.80 Resistance: 76.24 - 78
On the Brent side, our 80.50 target was achieved. It could not approach the 200-day average resistance above it. The price weakened again. It seems uncertain which way it will go. Support: 78.50 – 77.40 Resistance: 80.50 - 82.00
Nasdaq Our main movement direction is still up. We have touched the 15900-16000 band. There is a pullback movement after the target. 15540 - 15315 are the ten and twenty-day average supports. Support: 15540 - 15315 Resistance: 15900 - 16000
DAX side is still strong. It has not lost its demand zones. There are untested liquidity zones in the upper zone. In the current situation, the short-term target can be followed as 16145. Support: 16000 - 15915 Resistance: 16145 - 16220
We have touched upon the importance of the average zone represented in blue on the chart on the EURUSD side. It was likely that the price would test this zone. It performed this test yesterday. If it closes the day below 1.0905, we will expect the declines to continue. Support: 1.0905 Resistance: 1.0968 – 1.1140
Bitcoin has reached the 200-period simple and exponential average support zone on the 4-hour chart. The zone roughly indicates the 29700 band. The price may receive a serious reaction from this area. Support: 29700 Resistance: 32400 - 33700
On the GBPUSD side, the possibility of a pullback seems to be stronger than the rise. Although it attempted to pass over the averages more than once, it was unsuccessful. Our expectation for this week is for it to ease to the 1.26 region. Support: 1.259 Resistance: 1.2793
On the USDJPY side, the price reached the 145.60 band that we mentioned yesterday. Our short-term increase expectation has been completed. There is no deterioration in the increase structure yet. Support: 144 – 143 Resistance: 145.62
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.94 and 26.74 bands. Support: 26.94 – 26.74 Resistance: 30.00
Ons Under the expected decline zone, the 1912-1907 band, has been reached. There has been no decisive reversal yet. The 200-day important average supports are passing from the 1901 and 1907 levels. The price may return from these areas. Support: 1901 Resistance: 1932 - 1937
WTI The CRUDE Oil side is still strong. It has reached all our targets one by one. There is a significant resistance in front of the price in the 85.20 band. Sales may come from here. In the current situation, pullbacks are more dominant. Support: 82.20 – 80.50 Resistance: 85.20 -
Brent reached the target levels we specified one by one. It also completed its liquidity target. In the current situation, targeting higher levels may be risky. Pullbacks seem more likely. Support: 85.75 - 84 Resistance: 87.45 -
Nasdaq held on to the 50-day exponential average support. We stated that the price would not continue its sharp decline without closing the day under support. 15050 is the current value of the average. If it is lost, the declines are expected to continue. We do not expect a sharp decline in Nasdaq unless it is lost. Support: 15050 - 14960 Resistance: 15280 - 15400
DAX could not break the 100-day average in the new week. It has been struggling in this area for days. No break or weakening yet. It is positive above 15820. Support: 15820 - 15725 Resistance: 15990 -
EURUSD closed the daily imbalance on the chart. We can see upward reaction movements above the 1.1127 level today. However, this is not the only imbalance limit. After the reaction, the price that remains open below may also want to retreat in imbalance areas. Support: 1.1127 – 1.1064 Resistance: 1.1184 – 1.1238
GBPUSD The price imbalance zone worked. The 1.2850 band caused a reaction. We can see reactive movements in the upward direction. The 1.2869 level is also the 20-day exponential moving average support. Support: 1.2869 – 1.2850 Resistance: 1.2932 – 1.2967
USDJPY The reaction movement in the parity occurred in a meaningful area. It gave the movement we expected. It also entered the daily imbalance region. It is difficult to know how much it will continue upwards from here in the short term. The safe part of the reaction is complete. The 140.35-141.27 band is an area where sellers can emerge. Support: 138.43 – 137.00 Resistance: 140.35 – 141.27
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.90 and 25.87 bands. Support: 26.90 – 25.87 Resistance: 30.00
Ons gold, our 1977 target level was also successfully reached. This represented the Rejection Block structure. Then, an effective selling wave occurred. However, our main direction is still upwards. The 1992-2007 region is our final target region. Support: 1959 - 1949 Resistance: 1977 - 1992
WTI CRUDE Oil has reached the target area we specified. The orange averages seen on the chart are important resistances. The price is consolidating below the average. It may break upwards in the coming period and continue its rise. Support: 75 Resistance: 76.80 – 77.20
Brent Our target of 80.50 was achieved. It could not approach the 200-day average resistance above it. However, it quickly gained support from the averages and headed upwards again. We can see a tendency to go to the $82 region on the Brent side. Support: 79.20 – 78.20 Resistance: 82.00
Nasdaq has come to a region where buyers can emerge again. Daily imbalance has formed in this region. We will expect the upward trend to continue unless 15360-15530 is lost. Support: 15530 - 15360 Resistance: 15900 - 16000
DAX is not losing its demand zones. It is still holding on to the averages. There is still untested liquidity in the upper zone. It may want to test the 16270 band in the coming period. Support: 16000 - 15915 Resistance: 16220 - 16270
EURUSD daily imbalance is completely filled. Although there was a reaction, there was no decisive closing. The 100-day average was also broken. The decline in the parity may continue. It may ease to the 1.0835 level. Support: 1.0835 Resistance: 1.09 – 1.0945
The demand zone we mentioned earlier on the GBPUSD side is still functional. The price is gathering strength above the 100-day average. As long as 1.259 is not lost, the pair can be expected to continue up. Support: 1.259 Resistance: 1.2793
On the USDJPY side, the price reached the 145.60 band that we mentioned yesterday. Our short-term increase expectation has been completed. There is no deterioration in the increase structure yet. A test may also come to the 146.79 level. Support: 144 – 143 Resistance: 145.62 - 146.79
Dollar/TL main direction is up. Price continues to rise above moving averages. 10 and 20-day average supports have moved to the 27.01 and 26.79 bands. Support: 27.01 – 26.79 Resistance: 30.00
EURUSD is trading on the daily time frame at the lower imbalance zone. This is why the price has not collapsed from this zone. We can see upward recovery movements above 1.1119. Support: 1.1119 – 1.1061 Resistance: 1.1149 – 1.1174
Ounce indicates the 50-week exponential average support around 1896-1897. The price bounced off this average exactly. However, it could not return. If it loses its 1892 liquidity, a drop to the 1867-1880 band is expected. Support: 1880 - 1867 Resistance: 1921 - 1937
GBPUSD side has reacted from the price imbalance zone. Although it is a small area that is hard to notice in the daily time frame, it has reacted to the price. It is expected that upward reactive movements will continue above 1.2849. Support: 1.2849 – 1.2719 Resistance: 1.2915 – 1.2965
WTI We mentioned the possible sales due to strong resistances on the CRUDE Oil side. The mentioned sales movement is happening. It has fallen to the demand zone. If the box is lost, 77.90-77.40 will be the target. Support: 78.90 - Resistance: 79.70 - 85.20 -
USDJPY parity has achieved a serious upward movement from the average supports we have mentioned. The price has touched the entire imbalance zone. Roughly, the 143 band is the next imbalance level. However, directly targeting this level is relatively risky compared to the ones below. Support: 141.27 – 140.35 Resistance: 143.00 – 143.53
Brent is experiencing the pullback we mentioned. The price has also broken the 20-day average support. The 200-day average support is around 82.50. Support: 82.50 - Resistance: 87.45 -
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 26.53 and 25.97 bands. Support: 26.53 – 25.97 Resistance: 30.00
Nasdaq clearly broke the 50-day exponential average support. It reached the 14860 support. Since the average was lost, we will expect the continuation of the bearish movements. Support: 14860 - 14450 Resistance: 15030 - 15280 - 15400
The main direction under Ounce is still up. The price is currently in a serious correction process. The 159.80 level is the imbalance limit in the daily time frame. The price may produce upward reactions from this region. Support: 1959.8 - 1954 Resistance: 1965 - 1977
DAX broke the 100-day average as of yesterday's close. It had been struggling in this area for days. After this move, we expect the decline to continue. Support: 15620 - 15460 Resistance: 15815 - 15990 -
WTI The target area we mentioned on the CRUDE Oil side has arrived. We had stated that there would be an attack on the 200-day average again. Our short-term rise expectation in the 77 area has been completed. If it is sustained above 77, we can see the continuation of the increases on the WTI side. Support: 75.37 Resistance: 77.00 - 77.20
On the Brent side, we saw an attack parallel to the rise in WTI. However, technically, Brent's 200-day average resistances were farther from the price, so it could not touch the average with increases last week or this week. However, it seems likely that the price will touch the average intersection in the 81.90 region. Support: 79.50 – 78.6 Resistance: 81.90
Nasdaq has come to a region where buyers can emerge again. Daily imbalance has formed in this region. We will expect the upward trend to continue unless 15360-15530 is lost. Support: 15530 – 15360 - 15310 Resistance: 15900 - 16000
DAX is not losing its demand zones. It is still holding on to the averages. There is still untested liquidity in the upper zone. It may want to test the 16270 band in the coming trading days. Support: 16000 - 15915 Resistance: 16220 - 16270
EURUSD daily imbalance was completely filled. However, the 100-day exponential average was also clearly rejected. Initially, after 1.0835, the relaxation towards the 1.0803 band may continue. Support: 1.0835 Resistance: 1.09 – 1.0945
The demand zone we mentioned earlier on the GBPUSD side is still functional. The price is gathering strength above the 100-day average. As long as 1.259 is not lost, the pair can be expected to continue up. Support: 1.259 Resistance: 1.2793
On the USDJPY side, the price reached the 145.60 band that we mentioned yesterday. Our short-term increase expectation is complete. Our immediate expectation is that it will test the daily level of 145.107. Support: 145.107 - Resistance: 145.62 - 146.79
EURUSD could not maintain the strong momentum gained last week. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
GBPUSD could not break the 50-day average zone. The price showed a pullback again when it could not stay above the averages. It still has not touched the 200-day simple average. It may test the 1.2428 level. Support: 1.2428 - Resistance: 1.2533 – 1.2583
USDJPY received a serious reaction from the EMA20 average. The price did not close the day below the average. We will accept the main trend upwards on the 146.18 band. It may target around 148.43. Support: 146.18 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Ounce under the 4-Hour time frame, the obstacles could not be overcome. The price is in a pullback trend. It may touch the 1913-1917 demand zone again. In the short term, the possibility of a decline is prominent Support: 1917 - 1913 Resistance: 1928 - 1935
WTI Crude Oil is extremely strong. Its weekly close points to a rally. It has held on to its 500-day average but could test around 88.90 in the near future. Support: 85.62 – 84.02 Resistance: 88.90
Brent The price has reached the level we indicated on the oil side. The direction is still up in the upper time frames. There is one more liquidity at the 91.60 level. Support: 87.44 – 86.06 Resistance: 89.90 – 91.60
Nasdaq remains strong in the short term. 4-hour structure remains positive. Targets 15410 and 15430 were reached without any problems. Next potential target is 15525 Rejection Block structure. Support: 15430 - 15410 Resistance: 15525
DAX still looks strong. It reached both targets given yesterday. 15880 could be its next potential target. The structure remains stable above 15800. Support: 15800 - Resistance: 15850 - 15880
EURUSD could not maintain momentum. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
GBPUSD could not break the 50-day average zone. The price showed a pullback again when it could not stay above the averages. It still has not touched the 200-day simple average. It may test the 1.2428 level. Support: 1.2428 - Resistance: 1.2533 – 1.2583
USDJPY received a serious reaction from the EMA20 average. The price did not close the day below the average. We will accept the main trend upwards on the 146.18 band. It may target around 148.43. Support: 146.18 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
The bearish scenario we pointed out yesterday under Ounce came true. The price came to the 1913-1917 band. As long as we continue to trade below this band, the negative trend will continue. It may test around 1905. Support: 1905 Resistance: 1913 - 1917
WTI CRUDE Oil has reached our target. The next significant liquidity is at 90.12. As long as the positive trend is not disrupted, the next target may be 90.12. Support: 88.90 – 86.60 Resistance: 90.12
Our near-term rise expectation on the Nasdaq side did not come true. The region was lost. In the upcoming period, the price may fall below the 200-period averages and test around 15218. Support: 15218 - 15175 Resistance: 15410
DAX is down. Average supports remained below. We expect the price to continue to pull towards 15535 in the coming period. Support: 15535 Resistance: 15740 - 15790
EURUSD is forming a 4-hour reversal structure. The price may test the 1.078 band in the coming period. There is an untested imbalance in this region. Support: 1.0738 Resistance: 1.078
GBPUSD made a deep liquidity cleaning in 4-hour period. If the price can settle above the averages, it may rise up to the 1.2577 band in the coming period. Support: 1.2476 – 1.2446 Resistance: 1.2577
USDJPY received a serious reaction from the EMA20 average. The price did not close the day below the average. We will accept the main trend upwards on the 146.18 band. It may target around 148.43. Support: 146.18 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Ounce gold continues to show weakness below averages. The possibility of continuing declines seems more dominant. We can see the $ 1898 level being tested. Support: 1898 Resistance: 1915
WTI Crude Oil has reached our target. The next significant liquidity is at 90.12. As long as the positive trend is not disrupted, the next target may be 90.12. Support: 88.90 – 86.60 Resistance: 90.12
Brent Oil reached the target. As long as the positive trend continues, the next target will be the $93 band. No deterioration yet. Support: 91.75 – 91.60 Resistance: 93
Nasdaq side is expected to rise in the near term. Price may continue towards 15449 band. Support: 15366 Resistance: 15449
If the box marked on the DAX side holds, the near-term target will be around 15765. If the price loses the box, momentum may unravel and the easing will continue. Support: 15660 Resistance: 15765
Bitcoin has maintained a good hold in the 4-hour period. It is consolidating under the 200-period averages. The resistance area of the averages is the 26600 band. The price may rise up to here. Support: 25300 Resistance: 26600 - 26800
There is a potential to continue upwards on the GBPUSD side. The price has been working on the 100-day average support for a long time. Yesterday, in the sharp decline, the 100-day average support reacted again. We will see the general structure positive on the 1.2627 band. Support: 1.2627 - Resistance: 1.2748 – 1.2793
USDJPY The breaker block structure coming from the left side should act as support this time. The 144.08-144.73 band is the border of the demand zone. The price will tend to continue upwards above the zone. Support: 144.73 – 144.08 Resistance: 146.80
Dollar/TL The main direction is up. The price continues to rise above the moving averages. The 10 and 20-day average supports have moved to the 27.06 and 26.92 bands. It is moving up step by step. Support: 27.06 – 26.92 Resistance: 30.00
The increases we expected in Ounce gold have occurred. Even the 1914 level has been reached. The 1924-1932 region is a potential sales area. The price may show weakness in the box and start a sales movement. Support: 1910 - 1905 Resistance: 1924 - 1932
WTI The decline we expected on the CRUDE Oil side occurred. It touched the 200-day average support. It received a reaction from the 78 lira band. We will be expecting the positive trend to continue above 78. Support: 78.00 Resistance: 79.50 – 79.86
Brent oil has reached the decline levels we have mentioned. The 200-day average support supports the price. Roughly, the trend will remain positive above the 82.50 band. Support: 82.50 – 81.80 Resistance: 83.80 -
The rise we pointed out on the Nasdaq side occurred yesterday. The price gained serious momentum and reached the targets we were looking at. In the near term, its direction still seems to be upward. Although it is risky to target upwards from here without correction, the 15410 band is our potential target. Support: 15270 - 15140 Resistance: 15410
EURUSD had a reaction from the 200-day average support, but continued to fall rapidly. It came to the buyer block. Moreover, this time it approached the 500-day average. We may see upward attempts from this region. Support: 1.0778 Resistance: 1.086 -
GBPUSD lost its 100-day average support. The day's close was also achieved in gold. The price may continue to pull back towards the 200-day average support. The direction of the movement seems down. Support: 1.2553 – 1.2480 – 1.2398 Resistance: 1.2623 – 1.2684
The breaker block structure coming from the left side in the USDJPY pair should act as support this time. The 144.08-144.73 band is the border of the demand zone. The price will tend to continue upwards above the zone again. Support: 144.73 – 144.08 Resistance: 146.80
Dollar/TL side saw a drop of nearly 2 liras with the surprise interest rate hike. The price closed below its 50-day average. Technically, the uptrend was disrupted. However, there is no deterioration in the weekly outlook yet. The main direction is still up. Support: 25.25 – 24.15 Resistance: 26.56
The increases we expected in Ounce gold have occurred. Even the 1914 level has been reached. The price may show weakness and start a selling movement. We may see a relaxation towards the 1910 and 1906 bands. Support: 1910 - 1905 Resistance: 1924 - 1932
WTI CRUDE Oil reacted from 200-day average supports. It should continue its rise to repair the daily imbalance in the $80 band. We may see a test of $80 in the near term. Support: 78.00 Resistance: 80
Brent oil has reached the decline levels we have mentioned. The 200-day average support supports the price. It is expected to test the 83.85 level in the near term. Support: 82.50 – 81.80 Resistance: 83.85 -
There are many price instability areas in the upper region on the Nasdaq side. After upward reactions again, it can be expected to pull back to the 14500 band and the 100-day average level. Support: 14500 Resistance: 14900 - 15000
After testing the daily price imbalance zone on the DAX side, we can see the continuation of the decline. After testing around 15670, the price may decline to the orange averages below. Support: 15420 Resistance: 15670
EURUSD reacted from its 500-day average. The price reached a region where important supports are gathered. We can see the continuation of upward movements with the beginning of the week. Support: 1.0778 Resistance: 1.085 -
GBPUSD has lost its 100-day average support. It has touched the 500-day average just below it. There are still 2 more averages in the lower area of the price. It could touch the 200-day averages at 1.2482 and 1.24. There is still no clear reversal to the upside. Support: 1.2550 – 1.2482 – 1.2402 Resistance: 1.2627 – 1.2688
The breaker block structure coming from the left side in the USDJPY pair should act as support this time. The 144.08-144.73 band is the border of the demand zone. The price will tend to continue upwards above the zone again. Support: 144.73 – 144.08 Resistance: 146.80
Dollar/TL closed last week relatively strong. Closing above the 50-day average still shows the strength of the parity. We can assume that the recovery process will continue as long as it remains above 25.85. Support: 25.85 – 25.25 Resistance: 26.70
Ons Under the 4-Hour chart, the price is still moving above the moving averages. The price imbalance was repaired by testing the 1905 level. It may show a movement towards the 1923-925 band. Support: 1912 - 1905 Resistance: 1923 - 1935
WTI If Crude Oil can hold above the 79.58 region, it should maintain its positive trend. In this case, the price may show an upward movement up to the 80.80 band in the near term. Support: 79.58 Resistance: 80.80
Brent If the 83.40 band is maintained in oil, we can see the continuation of the upward movement. The movement towards the 85 band may continue. It found support from the EMA200 indicator in the daily time frame. Support: 83.40 Resistance: 85.00
Nasdaq side price ended the week strong. At the beginning of the week it may show an upward movement to the 15100-15135 band. Support: 14900 Resistance: 15100 - 15135
DAX side produced decisive reactions close to the week's close. An upward movement to the 15770 and 15800 bands can be observed. As long as it holds above 15685 in the 4-hour period, the structure looks solid. Support: 15685 Resistance: 15770 - 15800
Bitcoin can be monitored as the current demand zone of 25900-26100. The price reacted from the zone. As long as the box is not lost, it can be monitored to accelerate upwards from here again. Support: 25900 Resistance: 26800
EURUSD reacted from its 500-day average. The price reached a region where important supports are gathered. There is open liquidity in the upper region in 4-hours. We can see a test in the near term of the 1.0848 band. Support: 1.08155 Resistance: 1.0848-
GBPUSD received a reaction from an important region in the daily. There is a price imbalance in the upper region in the 4-hour time frame. It may test the 1.26628 band in the near term. Support: 1.26091 - 1.2548 Resistance: 1.26628
The breaker block structure coming from the left side in the USDJPY pair should act as support this time. The 144.08-144.73 band is the border of the demand zone. The price will tend to continue upwards above the zone again. Support: 144.73 – 144.08 Resistance: 146.80
Dollar/TL closed last week relatively strong. Closing above the 50-day average still shows the strength of the parity. Today, an upward movement is observed again. Foreign exchange sales were not enough to suppress the exchange rate. The main direction continues to be upward. Support: 25.85 – 25.25 Resistance: 26.70
The target levels we pointed out yesterday in the 4-Hour chart under Ounce were reached. The price reached the 200-period average. It seems possible that it will still test the $1931 level in the upper region. Support: 1916 - 1912 Resistance: 1925 - 1931
WTI CRUDE Oil tested the 80.80 level we indicated. Short-term rise expectation is complete. As long as it continues to hold above 79.60, the structure will be protected. Support: 79.58 Resistance: 80.80
Brent If the 83.40 band is maintained in oil, we can see the continuation of the upward movement. The movement towards the 85 band may continue. It found support from the EMA200 indicator in the daily time frame. Support: 83.40 Resistance: 85.00
On the Nasdaq side, the price ended the week strong. At the beginning of the week, it may exhibit an upward movement to the 15100-15135 band. Support: 14900 Resistance: 15100 - 15135
DAX has reached its near bullish targets. The price may touch the 15875 band in the short term. It is passing the 200-period average resistance from this area. The price is not expected to easily break the level. Support: 15790 Resistance: 15875
EURUSD has reached our last stated increase target. Our short-term direction is still upward. If it can hold on to the 1.089 band, we can see the continuation of the rise towards the 1.098 region. Support: 1.089 Resistance: 1.098
GBPUSD reached the uptrend target we pointed out in the 4-Hour period. A serious uptrend momentum was gained. If the price can maintain a stable hold in the imbalance zone, the movement may continue up to the 1.2766 band. Support: 1.2665 Resistance: 1.2766
USDJPY finally reached the target of 146.79. The price showed a sharp decline after reaching the target. The current average support bands are 145.80 and 145.00. As long as it stays above the averages, the main direction will continue to be up. Support: 145.80 – 145.03 Resistance: 146.80
Dollar/TL closed last week relatively strong. Closing above the 50-day average still shows the parity's strength. Today, an upward movement is observed again. Forex sales were not enough to suppress the exchange rate. The main direction continues to be upward. Support: 25.85 – 25.25 Resistance: 26.70
The target levels we have indicated in the 4-Hour chart have been reached under Ounce. The price has reached the SMA500 indicator in the 4-Hour time frame. As long as it is held above the 1934 band, the 1958 level may be a potential target. Support: 1934 Resistance: 1958
WTI CRUDE Oil tested the 80.80 level we indicated. It passed over the level. Our next expectation is to continue the rise to the 82.30 band. There is still no technical deterioration. Support: 80.80 Resistance: 82.30
Brent Our expectation of $85 in oil has been realized. The price momentum is still high. The next target can be followed as the $86 band. There is still no technical deterioration. Support: 85.00 - 83.40 Resistance: 86.00
Nasdaq side price is still strong. Our near term uptrend targets have been reached. Our expectation is for this uptrend to continue until the 15527 band. Support: 15130 Resistance: 15525 - 15600
DAX found support again from the moving averages area after correction. It continues its regular trend. It maintains its positive trend above the 15870 area roughly. 16145-16220 levels are potential targets. Support: 15870 Resistance: 16145
EURUSD has experienced a deep pullback. There is an important level that the price is approaching. The 1.0822 band is the daily imbalance zone. The price may test this level. Support: 1.0822 Resistance: 1.0856 – 1.0887
GBPUSD 4-Hourly tends to continue its upward movement as long as it remains above the zone. In the upper zone, the 1.2764 band is an important and targetable level. Support: 1.2640 – 1.2622 Resistance: 1.2764
USDJPY finally reached the target of 146.79. The price showed a sharp decline after reaching the target. The current average support bands are 145.80 and 145.00. As long as it stays above the averages, the main direction will continue to be up. Support: 145.10 – Resistance: 146.80
Dollar/TL closed last week relatively strong. Closing above the 50-day average still shows the strength of the parity. Forex sales were not enough to suppress the exchange rate. The main direction continues to be up. Support: 25.85 – 25.25 Resistance: 26.70
The target levels we indicated in the 4-Hour chart were reached under Ounce. If the price can climb above 1947, it can regain momentum and test the 1958 band. Support: 1936.8 – 1933.6 Resistance: 1947 - 1958
WTI CRUDE Oil has reached our target. It has passed the target level with high momentum. It may test the 84.06 band in the near term. The image is still positive. Support: 82.40 – 80.80 Resistance: 84.06
Nasdaq side price is still strong. 15527 band has reached our upside target. It is losing some momentum in the area. However, it is still moving above the averages. Its next target could be 15677 Support: 15470 - 15376 Resistance: 15525 - 15677
DAX found support again from the moving averages area after correction. It continues its regular trend. It maintains its positive trend above the 15870 area roughly. 16145-16220 levels are potential targets. Support: 15960 - 15870 Resistance: 16145
Bitcoin has not lost its current demand zone. We had stated that an upward acceleration could occur. After a sharp rise, it returned to the same zone with a sudden drop. If the blue box is lost, we will expect the declines to continue. Support: 25900 - 25200 Resistance: 27800
EURUSD could not maintain the strong momentum gained last week. The price rose to the 50-day average but could not pass above it. The 200-day averages were also lost. It may touch the 500-day simple average at 1.07619. Support: 1.07619 Resistance: 1.08074 – 1.08168
EURUSD could not maintain the strong momentum gained last week. The price rose to the 50-day average but could not pass above it. The 200-day averages were also lost. It may touch the 500-day simple average at 1.07619. Support: 1.07619 Resistance: 1.08074 – 1.08168
GBPUSD could not break above the 50-day average zone. The price showed a pullback again when it could not stay above the averages. There are 3 notable averages in the lower zone. We can see a pullback to 1.2542, 1.2490 and 1.2418 levels. Support: 1.2542 – 1.2490 Resistance: 1.2650
USDJPY completed the day's close very strong despite breaching the average. The direction is still upwards in the parity. The 146.80 band may be tested again soon. Support: 145.25 – Resistance: 146.80
Dollar/TL closed last week relatively strong. Closing above the 50-day average still shows the strength of the parity. Forex sales were not enough to suppress the exchange rate. The main direction continues to be up. Support: 26.00 Resistance: 26.70
Ounce gold is in the resistance zone again. The zone that prevented the rise last week is being tried to be passed. If it can climb above 1947-1948, we are expected to see the continuation of the rise. Support: 1932 - 1927 Resistance: 1947 - 1948 - 1958
WTI Crude Oil is extremely strong. Its weekly close points to a rally. It has held on to its 500-day moving average but could test the 88.90 level in the near future. Support: 83.77 – 82.27 Resistance: 85.60 – 88.90
Nasdaq side price is still strong. As long as it stays above EMA20 in 4-Hour, we expect the bullish trend to continue. The movement may continue around 15677. The structure is solid above 15465. Support: 15465 - 15335 Resistance: 15600 - 15677
DAX found support again from the moving averages region after the correction, but could not maintain permanence. The open imbalance limit in the daily can be expected to retreat towards the 15740 band. Support: 15740 - Resistance: 16145 - 16220
EURUSD could not maintain the strong momentum gained last week. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
GBPUSD could not break the 50-day average zone. The price showed a pullback again when it could not stay above the averages. It touched the white 500-day average. There are still 200-day averages on the downside that have not been touched yet. The price may also fall to these levels. Support: 1.2538 – 1.2492 Resistance: 1.2623
USDJPY direction is up. The target level we pointed out earlier has arrived. The price's near-term trend still looks up. Around 148.4 can be tested. Support: 146.80 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Ounce gold could not pass the resistance zone and came to the demand zone we mentioned before. The price should continue its upward movement above 1926. A reaction is produced from the 20-day exponential average. Support: 1926 Resistance: 1934 – 1937 - 1946
WTI Crude Oil is extremely strong. Its weekly close points to a rally. It has held on to its 500-day average but could test around 88.90 in the near future. Support: 85.62 – 84.02 Resistance: 88.90
Brent The price has reached the level we indicated on the oil side. The direction is still up in the upper time frames. There is one more liquidity at the 91.60 level. Support: 87.44 – 86.06 Resistance: 89.90 – 91.60
Our near-term movement expectation on the Nasdaq side is positive. As long as it remains above the 15420 level, the movement to the 15677 band may continue. Support: 15420 - 15335 Resistance: 15677
If the DAX loses the 15740-15680 area, it may continue its decline towards the 200-day averages. If it stays above this band, we may see a recovery. Support: 15740 - 15680 Resistance: 15800 - 15890
EURUSD could not maintain the strong momentum gained last week. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
GBPUSD could not break the 50-day average zone. The price showed a pullback again when it could not stay above the averages. It touched the white 500-day average. There are still 200-day averages on the downside that have not been touched yet. The price may also fall to these levels. Support: 1.2538 – 1.2492 Resistance: 1.2623
USDJPY direction is up. The target level we pointed out earlier has arrived. The price's near-term trend still looks up. Around 148.4 can be tested. Support: 146.80 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Ounce gold was exposed to a deep decline by not being able to stay above 1926. It came to the 4-hour demand zone. 1913-1917 is our close demand zone. The price may react from the zone. Support: 1926 Resistance: 1934 – 1937 - 1946
WTI Crude Oil is extremely strong. Its weekly close points to a rally. It has held on to its 500-day average but could test around 88.90 in the near future. Support: 85.62 – 84.02 Resistance: 88.90
EURUSD could not maintain the strong momentum gained last week. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
Natural Gas went to 2.93 target. It pulled back towards its 50-day average. As long as it stays above 2.65, we can see the continuation of the upward movement. EMA50 has not been broken yet. Support: 2.65 – 2.47 Resistance: 2.73 – 2.93
Bitcoin started to move with an accelerated rise. If it can stay above the 25900-26100 band, the price may test the 26800 band. Support: 26100 Resistance: 26800
EURUSD could not maintain the strong momentum gained last week. The price has even fallen below its 200-day average support. There are still liquidities in the lower region that can be tested. The price may continue to decline after the upward reaction. Support: 1.06671 Resistance: 1.0761
GBPUSD could not break the 50-day average zone. The price showed a pullback again when it could not stay above the averages. It still has not touched the 200-day simple average. It may test the 1.2428 level. Support: 1.2428 - Resistance: 1.2533 – 1.2583
USDJPY experienced a serious sell-off on Friday. It pulled back to its 20-day average level. The current support level is 146.08. If the price closes below this level, we could see further declines. Support: 146.08 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Our demand zone is functional under Ounce. The price did not lose the box. Our near-term target can be followed as the $1935 band. Support: 1917 - 1913 Resistance: 1928 - 1935
EURUSD started the week negatively. Developments in Israel-Palestine caused a shift to the dollar and gold. As long as the price remains above the yellow zone, it is still technically inclined to continue its rise. Support: 1.05262 - 1.05042 Resistance: 1.0589 - 1.067
GBPUSD started the week with a sell-off. Technically, as long as the area indicated on the chart is maintained, the upward movement is expected to continue. It can go up to around 1.23. Support: 1.2162 – 1.2111 Resistance: 1.23
USDJPY parity received reactions exactly from EMA20 level. As long as the price remains above the 148.50 band, it should maintain its positive trend. Support: 148.50 – 146.60 Resistance: 149.36
Dollar/TL may reach around 28 lira in a short time. It is losing value step by step every day. The main direction is up. The 26.80 level is our 50-day average support. 27.27 is our 20-day average support. Support: 27.27 – 26.80 Resistance: 28.00
Ons started the week with a positive gap due to the war that broke out in the Middle East. Our expectation of 1857 dollars was realized. The near-term trend still looks upwards. As long as it is held above 1848, it can continue in the 1879 band. Support: 1848 - 1833 Resistance: 1879
WTI CRUDE Oil had fallen to the demand zone we pointed out last week. With the war agenda, oil opened with a serious upward gap. If the price can settle above $88, it can start a general rise. Support: 85 – 83.20 Resistance: 88
On the Nasdaq side, the target area we mentioned yesterday came to 15060-15070. The price is still strong, the next target can be followed as the 15150 band. Support: 14800 Resistance: 15150
On the DAX side, the demand zone was protected and the price showed upward momentum. It still has potential in the near term. It can continue up by 100 points and touch around 15350. It may even want to test around 15500. Support: 15180 - 15070 Resistance: 15350 - 15500
EURUSD liquidity target reached. There is still room for the price to go up. It may approach the 4-hour 200-period averages. Support: 1.0575 – 1.0561 Resistance: 1.066 -
We had noted that the 1.23 level could be tested on the GBPUSD side. Contact was made. The price could approach the 200-period average zone around 1.2348. Support: 1.2238 – 1.2210 Resistance: 1.2348
USDJPY parity received reactions exactly from EMA20 level. As long as the price remains above the 148.50 band, it should maintain its positive trend. Support: 148.50 – 146.60 Resistance: 149.36
Dollar/TL may reach around 28 lira in a short time. It is losing value step by step every day. The main direction is up. The 26.80 level is our 50-day average support. 27.27 is our 20-day average support. Support: 27.27 – 26.80 Resistance: 28.00
On the ounce side, the $1857 contact occurred. The price still has the potential to continue upwards. In the coming period, we may also see contact with the 1879 level. Support: 1850 - 1839 Resistance: 1879
Brent Oil had retreated to the demand zone we mentioned last week. The price has gained momentum from this zone again. If it can stay above $90, it could enter a general uptrend. Support: 86.50 - 85 Resistance: 90.00
Nasdaq has reached the targets we have specified. It may be risky to enter into buy-side positions again from this region. We may see some correction. Support: 15075 Resistance: 15250
Our near-term targets have arrived on the DAX side. The price may move towards the 4-Hour 200-period averages. However, targeting these areas is relatively risky. We are in an area where we may also see pullbacks. Support: 15290 - Resistance: 15470
EURUSD liquidity target reached. There is still room for the price to go up. It may approach the 4-hour 200-period averages. Support: 1.0575 – 1.0561 Resistance: 1.066 -
We had noted that the 1.23 level could be tested on the GBPUSD side. Contact was made. The price could approach the 200-period average zone around 1.2348. Support: 1.2238 – 1.2210 Resistance: 1.2348
USDJPY parity received reactions exactly from EMA20 level. As long as the price remains above the 148.50 band, it should maintain its positive trend. Support: 148.50 – 146.60 Resistance: 149.36
Dollar/TL may reach around 28 lira in a short time. It is losing value step by step every day. The main direction is up. 26.80 level is our 50-day average support. 27.27 is our 20-day average support. Support: 27.27 – 26.80 Resistance: 28.00
On the ounce side, the 1857 dollar contact was realized. The 1879 band that we stated we would follow this week was also reached. Although it is relatively riskier to follow the continuation of the rise, the 1894 area can also be tested. Support: 1850 - 1839 Resistance: 1887 - 1894
WTI On the CRUDE Oil side, the average barriers in the 4-hour time frame did not give an upward transition. The price was subject to selling again from the averages area. Nevertheless, we will expect increases in general as long as the demand area below is not lost. Support: 82.15 Resistance: 86.30
Brent Oil could not break the moving average barriers on the 4-Hour time frame. A rapid decline began with the loss of the EMA20 indicator. As long as the demand area below is not lost, general increases may continue. Support: 84.60 Resistance: 98
Nasdaq has reached all the liquidity targets we indicated in our chart. At this point, we believe that it may be risky to look for a new increase target. Support: 15125 Resistance: 15380
The areas we targeted on the DAX side have arrived. It was obvious that the 200-period averages would be targeted in the 4-hour time frame. Targeting a little higher than this area may be risky. It may continue 50-60 points higher. Support: 15370 Resistance: 15570
After the safe targets came on the EURUSD side, the price fell rapidly. It got a reaction from the old demand area again. It can continue to rise as long as this demand area is maintained. Support: 1.0526 – 1.0504 Resistance: 1.0572 -
We had drawn attention to the fact that the 1.23 level could be tested on the GBPUSD side. Contact was made. Afterwards, we observed deep declines. This was the reason why we did not wait beyond 1.23. Support: 1.2161 – 1.2116 Resistance: 1.2251
We stated that as long as the USDJPY parity holds above EMA20, it could continue to rise again. The 149.63 band was our target and this contact occurred yesterday. Our expectation of an increase above 148.75 continues. Support: 148.75 Resistance: 150.16
Dollar/TL may reach around 28 lira in a short time. It is losing value step by step every day. The main direction is up. The level of 26.90 is our 50-day average support. 27.27 is our 20-day average support. Support: 27.27 – 26.80 Resistance: 28.00
EURUSD completed its decline to the horizontal level we indicated. The 1.06671 band was touched. It then received significant liquidity. The price may react upwards to around 1.0663. Support: 1.0635 Resistance: 1.06863
Our $1879 target on the Ounce side has been completed. We had not specified new targets above this level. If we can hold on to $1867, we can continue around 1893. Support: 1867 Resistance: 1893
GBPUSD has reacted from the OrderBlock structure. It will tend to continue its upward reaction on the band. It may test the 1.2445 band in the near term. Support: 1.2408 - Resistance: 1.2445
WTI On the CRUDE Oil side, the average barriers in the 4-hour time frame did not give an upward transition. The price was subject to selling again from the averages area. Nevertheless, we will expect increases in general as long as the demand area below is not lost. Support: 82.15 Resistance: 86.30
USDJPY received a serious reaction from the EMA20 average. The price did not close the day below the average. We will accept the main trend upwards on the 146.52 band. It may target around 148.43. Support: 146.52 – Resistance: 148.43
Brent Oil could not break the moving average barriers on the 4-Hour time frame. A rapid decline began with the loss of the EMA20 indicator. As long as the demand area below is not lost, general increases may continue. Support: 84.60 Resistance: 98
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Nasdaq reached the areas we targeted. We stated that we found it risky to continue buying positions at these risky levels. If it can stay above 15100, the recovery may continue. Support: 15100 Resistance: 15300
Ons gained serious momentum with deep liquidity cleaning. 1918.55 and 1921.32 bands are our current target areas. The price may test these bands in the near term. Support: 1914 - 1911 Resistance: 1918 - 1921
The areas we targeted on the DAX side have arrived. Deep declines have started exactly from the level we indicated. If the price can stay above 15330, it can continue to rise. It should be noted that it is based on average resistances in the upper time frames. Support: 15330 Resistance: 15490
WTI CRUDE Oil has reached our target. The main direction is still upwards. The 92.44 band is the next RejectionBlock structure. The price may test this band in the coming days. Support: 90.12 – 88.90 Resistance: 92.44
Brent Oil reached the target. It maintains its strength on the 93 band. Its next target may be the rejectionblock at the 95.82 level. Support: 93 – 91.30 Resistance: 95.82
On the Nasdaq side, 15517 is an important imbalance resistance on the hourly basis. The price should be exposed to selling pressure below this band. We may see a relaxation again towards the 15449 area. Support: 15472 - 15450 Resistance: 15517
DAX achieved our bullish targets yesterday. There are still untested imbalances above the price. If it stays strong, it could test around 15965 in the near term. Support: 15830 Resistance: 15965
After the safe targets came on the EURUSD side, the price fell rapidly. It got a reaction from the old demand area again. It can continue to rise as long as this demand area is maintained. Support: 1.0526 – 1.0504 Resistance: 1.0572 -
We had drawn attention to the fact that the 1.23 level could be tested on the GBPUSD side. Contact was made. We observed deep declines afterwards. This was the reason why we did not wait beyond 1.23. In its current state, it received a reaction from the demand zone. It may continue upwards above this zone. Support: 1.2161 – 1.2116 Resistance: 1.2251
EURUSD side touched the target level of 1.06863, which we expected during the reaction. The expectation was completed in the short term. The main direction of the price still seems down according to the wave structure. Support: 1.0635 Resistance: 1.06863 - 1.071
USDJPY parity is still holding steady. The main movement direction is up. The levels it can potentially test can be monitored as 150.43 and 150.78 bands. Support: 149.45 – 149.27 Resistance: 150.43 – 150.78
GBPUSD touched the 1.2445 level and we can say that it was subject to deep selling again. Our reaction expectation came true in the short term. The price may continue to ease towards the 1.2332 band. The main movement direction still seems down. Support: 1.2377 - 1.2332 Resistance: 1.2445
Dollar/TL may reach around 28 lira in a short time. The main direction is up. 26.98 level is our 50-day average support. 27.50 is our 20-day average support. Support: 27.50 – 26.98 Resistance: 28.00
USDJPY The main direction in the pair is up. It is still trading above the moving average supports on the daily. The rise may continue to around 148.43. Support: 146.52 – Resistance: 148.43
Ounce gold reached the extreme OB structure. It completed the week with high momentum. If the price does not regain the 1920-1927 band, it may ease to the 1907.50 - 1899.50 band. Support: 1907.50 - 1899.50 Resistance: 1920 - 1927
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
WTI On the CRUDE Oil side, the current 85.50-86.00 band can be considered important. As long as the price remains above this band, it can target the potential levels above again. Support: 86.00 – 85.50 Resistance: 87.75 – 89.00
Ons managed to overcome and settle above the 200-period average resistance in the 4-hour period. We see the near-term upside target as $1935. Support: 1924 - 1921 Resistance: 1935 -
Brent On the oil side, the 88.70-89.10 band may be the current demand zone. As long as the price remains above this band, it may target around 91.90 again. Support: 89.10 – 88.70 Resistance: 91.90
WTI CRUDE Oil has reached our target. The main direction is still upwards. The 92.44 band is the next RejectionBlock structure. The price may test this band in the coming days. Support: 90.12 – 88.90 Resistance: 92.44
The range we care about for Nasdaq can be followed as the 15060-14960 band. If the price can stay above this orange band, it can continue to its potential targets of 15313 and 15475. Support: 15060 - 14960 Resistance: 15313 - 15475
Brent Oil reached the target. It maintains its strength above the 93 band. Its next target may be the rejection block at 95.82. Support: 93 – 91.30 Resistance: 95.82
DAX can continue to rise to around 15340 if it can stay above the 15166-15203 band. If the zone is lost, we will see further declines. Support: 15203 - 15166 Resistance: 15340
Nasdaq has reached its 50-day exponential average support. The 15170 band is important. In the short term, we may see a reaction increase to the 15288 level. If it closes the day below 15170, we will expect the decline to continue. Support: 15170 Resistance: 15288 - 15330
DAX reached the last target band of 15965. The price could not break above the level and fell again. We may see a decline in the near term to the level of 15835. Support: 15835 Resistance: 15965
EURUSD side touched the target level of 1.06863, which we expected during the reaction. The expectation was completed in the short term. The main direction of the price still seems down according to the wave structure. Support: 1.0635 Resistance: 1.06863 - 1.071
GBPUSD touched the 1.2445 level and we can say that it was subject to deep selling again. Our reaction expectation came true in the short term. The price may continue to ease towards the 1.2332 band. The main movement direction still seems down. Support: 1.2377 - 1.2332 Resistance: 1.2445
USDJPY The main direction in the pair is up. It is still trading above the moving average supports on the daily. The rise may continue to around 148.43. Support: 146.52 – Resistance: 148.43
Dollar/TL continues to rise step by step. The price has come above its 10 and 20-day averages. If it settles at the level before the interest rate hike decision, we expect the rapid trend to continue. Support: 26.70 – 26.06 Resistance: 26.91
Ons went to the target area we mentioned yesterday, around 1935. After reaching the 1934.50 band, it started to fall again. As long as it stays above 1925, an increase to the 1940-1942 level can be expected. Support: 1925 - Resistance: 1935 - 1940 - 1942
WTI On the CRUDE Oil side, the last target we mentioned was reached at 92.44. The main direction of the price is still up. 93.24 can also be tested. Support: 90.12 – 88.90 Resistance: 92.44 - 93.24
Brent Oil reached the target. It maintains its strength above the 93 band. Its next target may be the rejection block at 95.82. Support: 93 – 91.30 Resistance: 95.82
Nasdaq has reached its 50-day exponential average support. The 15170 band is important. In the short term, we may see a reaction increase to the 15288 level. If it closes the day below 15170, we will expect the decline to continue. Support: 15170 Resistance: 15288 - 15330
If the DAX loses the area marked on the chart, our expectation is that the decline will continue to the horizontal levels of 15535 and 15470, shown in green below. Support: 15707 - 15650 Resistance: 15800
The bullish potential we have indicated on the Bitcoin side has been revealed. The potential target we have indicated has been reached. If it can stay above 26650, it can rise to around 27120 and 27550. Support: 26650 Resistance: 27000
EURUSD closed the daily imbalance it left open while falling. Then it went down again. We still see the main direction down in the parity. The downward wave continues under the averages. Support: 1.066 - 1.0635 Resistance: 1.071
GBPUSD has reached the demand zone. The price is expected to react from this zone. However, weakness continues below 1.2376 and its target is 1.23315. Our main direction is still down. Support: 1.2376 - 1.23315 Resistance: 1.2334
USDJPY The main direction in the pair is up. It is still trading above the moving average supports on the daily. The rise may continue to around 148.43. Support: 146.52 – Resistance: 148.43
Ons went to the target area we mentioned yesterday, around 1935. After reaching the 1934.50 band, it started to fall again. As long as it stays above 1925, an increase to the 1940-1942 level can be expected. Support: 1925 - Resistance: 1940 - 1942
WTI CRUDE Oil, after reaching the last target level of 92.44, a deep decline came. A serious liquidity purchase took place in the region. In the upper time frames, the direction is upward in oil. The 89.20 and 87.07 bands are the current average supports. Support: 89.20 - 87.07 Resistance: 92.44
Nasdaq has reached its 50-day exponential average support. The 15170 band is important. In the short term, we may see a reaction increase to the 15288 level. If it closes the day below 15170, we will expect the decline to continue. Support: 15170 Resistance: 15288 - 15330
Demand zone recognized on DAX side. As long as price stays above 15650, it may test 15746 liquidity in the near term. Support: 15650 - Resistance: 15746 - 15800
EURUSD closed the daily imbalance it left open while falling. Then it went down again. We still see the main direction down in the parity. Under the level of 1.0635, there may be a relaxation to the level of 1.0575. Support: 1.0635 - 1.0575 Resistance: 1.071
GBPUSD has reached the 1.23351 level as we mentioned before. It is still in the downward direction. The price has also tested the 1.227 band. There is no clear return yet. Even around 1.2175-1.2200 can be tested. Support: 1.2200 - 1.2175 Resistance: 1.23315
USDJPY The main direction in the pair is up. The target levels we gave have been reached. The expectation in the short term has been completed. We are following the price with the help of the 20-day exponential average. The upward trend is maintained above the 147.24 band. Support: 147.09 Resistance: 148.43 - 148.84
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above it every passing day. The main direction in the parity is up. Momentum is maintained above 26.90. Support: 26.90 Resistance: 27.50
Ounce has a complex technical structure. Averages have created barriers from the upper region. The test we expected came to the 1928 lira band. The price could not stay above the region. In the near term, it may touch the 1921.27 band. Support: 1921.27 - Resistance: 1928 - 1935
WTI The main direction on the CRUDE Oil side is up. It did not close the day below EMA10. The price will maintain its upward momentum above the 89.75 band. In the near term, we may see a test if it is signed around 91.79. Support: 89.38 - 87.54 Resistance: 90.75
Brent On the oil side, the current demand zone can be followed as the 91.40-91.75 band. The price may return from this price range. Support: 91.75-91.40 Resistance: 92.75
Nasdaq side, we may see upward movements in the near term. The level of indecision candle in the 2-hour view may be the target. 14877 test seems possible. Support: 14680 - Resistance: 14877
We had stated in previous days that the decline on the DAX side would continue to the green horizontal levels. It touched both green bands and reacted from the bottom. The upward reaction may continue in the short term. Our expectation for an increase is around 15600. Support: 15470 - Resistance: 15555
Natural gas As long as the 2.73-2.80 band is maintained, the direction will be upward. It has fallen back into the demand zone. We maintain our upward expectation on the band. Support: 2.80 - 2.73 Resistance: 2.93 - 3.15
On the EURUSD side, the 1.0575 band that we specified as the downward target was also touched. Another downward target was realized. The main movement direction is still down. 1.0537 may come Support: 1.0575 - 1.0537 Resistance: 1.0609 - 1.0667
GBPUSD The direction is still down. The imbalance lower limit in the daily time frame may be touched at 1.2128. Support: 1.2128 Resistance: 1.23315
USDJPY parity achieved another target. 148.88 level was also touched. The main direction is still up. 148.30 and 147.60 bands are current average supports. 149.70 contact may come. Support: 148.10 - 147.44 Resistance: 149.70
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above it every passing day. The main direction in the parity is up. Momentum is maintained above 26.90. Support: 26.90 Resistance: 27.50
WTI Crude Oil's main direction is up. It continued with support from the EMA20 band on the daily. There is a margin of upside of $1 in the near term. Support: 90.20 Resistance: 92.44
There is no end to the deep declines on the Nasdaq side. The index, which finally cleared the liquidities at the levels of 15550 and 15507, started to produce small reactions. Although reactions are produced, the main direction is still down. Support: 14500 Resistance: 14616
DAX is still on the negative side. 200-period averages have been lost on the daily timeframe. We will consider the outlook negative unless it is settled above 15550. No reversal yet. Support: 15182 - 15082 Resistance: 15325
EURUSD The main direction is still down. The dominant direction in the upper timeframes is down. In the lower area, 1.04819 liquidity has not yet been taken. We may see a decrease to this band in the near term. Support: 1.04819 Resistance: 1.05368
GBPUSD The direction is still down. Our expectation of touching the imbalance lower limit of the daily time frame 1.2128 band has also been realized. A lower liquidity level is 1.20546. The price may continue to ease towards this band. Support: 1.20546 Resistance: 1.2175
USDJPY Another target was achieved in the parity. Our main movement direction is up. The 149.70 contact was also successfully achieved. The 150.13-151.94 region is an important supply area. It is difficult for the price to exceed this region. Support: 148.56 - 147.82 Resistance: 149.70
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above it every passing day. The main direction in the parity is up. Momentum is maintained above 26.90. Support: 26.90 Resistance: 27.50
Ounce gold is down. The price is trading below all averages on the daily. There are still untested liquidities in the lower region. There may be a relaxation in the coming days to the 1870 and 1858 levels. Support: 1871 - 1859 Resistance: 1884 - 1898
WTI On the CRUDE Oil side, the main direction is up. It continued by getting support from the EMA20 band on the daily. The rise we pointed out from yesterday has occurred. The next liquidity target can be followed as the 96.89 band. Support: 91.15 - 89.13 Resistance: 96.89
Brent Oil returned from the 20-day averages area. The main direction is still considered to be up. It reached the uptrend target we pointed out yesterday. The situation is still positive. It can advance to 95.82 liquidity. Support: 93.15 - 91.71 Resistance: 95.82
Nasdaq has entered the reaction phase after deep declines. As long as the price remains above the 14507-14550 band, it may touch the 14684 block on the upside. Support: 14550 - 14507 Resistance: 14684
DAX gained momentum from the demand zone. The price may continue to the 15348 and 15400 band. Reactions are likely in the short term. Although the main direction is down, we may see upward movements today. Support: 15182 - 15082 Resistance: 15348 - 15400
USDJPY Our target of 149.70 was also reached. We did not update the target above this level. The 150.13-151.94 region is an important supply area. It is difficult for the price to exceed this region. Support: 148.13 Resistance: 149.70
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above each passing day. The main direction in the parity is up. Momentum is maintained above 27.10. Support: 27.10 - 26.60 Resistance: 27.50
EURUSD continues to decline sharply. The upward movements of the price remain as reactions. On the lower side, important liquidities can be followed as 1.04288 and 1.0393. The price may test these levels in the coming days. Support: 1.04288 – 1.03932 Resistance: 1.0482
Our main direction on the GBPUSD side is down. Sharp declines continue. Liquidity targets on the lower side are being tested one by one. In the near future, it may also touch the 1.20225 and 1.19390 bands. Support: 1.20225 – 1.19390 Resistance: 1.2128
USDJPY Our target of 149.70 was also reached. We did not update the target above this level. The 150.13-151.94 region is an important supply area. It is difficult for the price to exceed this area. Support: 148.31 Resistance: 149.70
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above it every passing day. The main direction in the parity is up. Momentum is maintained above 27.10. Support: 27.10 - 26.60 Resistance: 27.50
Ounce has reached an important area on the weekly chart. It is passing the 200-week average from the 1814 level. The price may produce reactions from here. Support: 1814 - 1811 Resistance: 1836
WTI On the CRUDE Oil side, the EMA20 support was broken and the day closed below it. Therefore, the momentum weakened. The main direction is still up in the upper timeframes Support: 87.75 – 86.80 Resistance: 91.91
Brent Oil broke the 20-day averages area and closed the day below. A negative indicator. Moreover, this closing was made with a very accelerating candle. Although the direction is up in the upper time frames, uncertainty continues. Support: 89.57 Resistance: 91.30
Uncertainty continues on the Nasdaq side. If the price can hold above 14750, it will maintain its structure. And with this hold, it will be able to target around 14900-15050. 4-Hour closings below 14750 will disrupt this expectation. Support: 14750 - 14684 Resistance: 14900 - 15050
The main direction on the DAX side is still down. The price has been subject to a sell-off again from the EMA200 band. It continues to be weak below the averages. If the 15082-15182 band is lost, we can see a rapid decline to around 14800-15000. Support: 15182-15082 - 14800 Resistance: 15290
Natural gas is experiencing the scenario we pointed out. We are approaching the areas we targeted. EMA200 resistance is passing through the 3.19 level. The price may continue to rise until around 3.15. Support: 2.93 – 2.87 Resistance: 3.15 – 3.19
EURUSD continues to decline sharply. The upward movements of the price remain as reactions. On the lower side, important liquidities can be followed as 1.04288 and 1.0393. The price may test these levels in the coming days. Support: 1.04288 – 1.03932 Resistance: 1.0482
Our main direction on the GBPUSD side is down. Sharp declines continue. Liquidity targets on the lower side are being tested one by one. In the near future, it may also touch the 1.20225 and 1.19390 bands. Support: 1.20225 – 1.19390 Resistance: 1.2128
USDJPY Our target of 149.70 was also reached. We did not update the target above this level. The 150.13-151.94 region is an important supply area. It is difficult for the price to exceed this area. Support: 148.32 Resistance: 149.70
Ounce has reached an important area on the weekly chart. It is passing the 200-week average from the 1814 level. The price may produce reactions from here. Support: 1814 - 1811 Resistance: 1836
Brent Oil reacted from 200-period averages in the 4-hour view. If the price does not lose the 89.50-90.00 band, it may continue its upward trend from here. Support: 89.57 Resistance: 91.30
Nasdaq continues to be weak. Direction down. Price is below all averages and supports on the daily timeframe. It may ease towards the 200-day average. We can see the 14100-14250 band. Support: 14250 - 14100 Resistance: 14680 - 14750
The main direction on the DAX side is still down. The price was subject to a reselling from the EMA200 band. It continues to be weak below the averages. The 15082-15182 band was lost. 500 may swing towards the daily average. Support: 14800 - Resistance: 15290
We may see a continuation of reactions in the short term on the EURUSD side. It seems likely that we will observe a movement towards the 1.0545 level. Support: 1.0506 - Resistance: 1.0545
GBPUSD We can see the continuation of reactions in the short term. A test can be given towards the 1.2219 level. 4 This expectation is maintained as long as it remains above 1.2135 on an hourly basis. Support: 1.2135 - Resistance: 1.2219
USDJPY parity started to fall rapidly after touching the region we expressed as important resistance. If the day closes below the 148.34 band, which is the 20-day exponential average level, we will expect the declines to continue. Support: 148.34 – 146.45 Resistance: 150.13
Dollar/TL maintains its determined rise despite the TCMB's 500 basis point interest rate hike. The price is going above all averages, putting the previous one above it every passing day. The main direction in the parity is up. Momentum is maintained above 27.20. Support: 27.20 - 26.70 Resistance: 27.50
If Ons can maintain the 1820-1823 band on an hourly basis, it can continue to rise to around 1833.50. If the region is lost, this short-term rise expectation will be shelved. Support: 1823 - 1820 Resistance: 1836
WTI The outlook is negative on the CRUDE Oil side. We observe an accelerated decline. The price may continue to oscillate up to the 80.15-82.15 band. Support: 82.15 – 80.15 Resistance: 86
Brent There was a severe decline on the oil side. Important supports were lost on the daily time frame. The price may continue to ease to the 83.60-84.60 band. Support: 84.60 – 83.60 Resistance: 88.35
On the Nasdaq side, the 14666-14750 band is important. If the price continues to hold above this area, we expect upward movements to continue in the short term. The 14900 band will be the target again. Support: 14750 - 14666 Resistance: 14680 - 14750
As long as the 15090-15140 band is maintained on the DAX side, our near-term expectation is that it will test around 15260. Short-term reaction movements continue for now. Support: 15140 - 15090 Resistance: 15260
EURUSD started the week negatively. Developments in Israel-Palestine caused a shift to the dollar and gold. As long as the price remains above the yellow zone, it is still technically inclined to continue its rise. Support: 1.05262 - 1.05042 Resistance: 1.0589 - 1.067
GBPUSD started the week with a sell-off. Technically, as long as the area indicated on the chart is maintained, the upward movement is expected to continue. It can go up to around 1.23. Support: 1.2162 – 1.2111 Resistance: 1.23
USDJPY parity received reactions exactly from EMA20 level. As long as the price remains above the 148.50 band, it should maintain its positive trend. Support: 148.50 – 146.60 Resistance: 149.36
Ons started the week with a positive gap due to the war that broke out in the Middle East. If it stays above $1833, we will expect the increases to continue in the 4-Hour structure. 1857 and 1879 may be potential targets. Support: 1833 Resistance: 1857 - 1879
WTI CRUDE Oil had fallen to the demand zone we pointed out last week. With the war agenda, oil opened with a serious upward gap. If the price can settle above $88, it can start a general rise. Support: 85 – 83.20 Resistance: 88
Brent Oil had retreated to the demand zone we mentioned last week. The price has gained momentum from this zone again. If it can stay above $90, it could enter a general uptrend. Support: 86.50 - 85 Resistance: 90.00
Nasdaq started the week negatively but the general structure is still positive in the short term. It can test up to around 15070 above the 14800 band. Support: 14800 Resistance: 15060 - 15160
The war had a harsher effect on the DAX side than on the Nasdaq. The current demand zone of the price can be followed as the 15075-15155 band. A recovery can be achieved on this zone. Support: 15155 – 15075 Resistance: 15250
If Nasdaq can stay above the 15800-15880 band, it may continue its upward movement. Then, 16046 and 16162 can be followed as targets.
DAX reached our target levels one by one. There were contacts to the horizontal levels we had previously stated. The next open liquidity level can be followed as 16458. Support: 16150 - 15915 Resistance: 16458
The direction on the Bitcoin side is still up. Our immediate target is the $42438 region. As long as the price stays above 41000, it can continue in this region. Support: 41000 Resistance: 42438
The bottom of the ending uptrend and the 55-period average (1.0850 region) are important, but the parity may want to continue its pressure under the relevant region. With this in mind, a decline to the 1.0772 support can be observed. It should not be forgotten that permanent movements above the 1.09110 region are needed for our negative expectation to be considered invalid in possible returns. Support: 1.07720 Resistance: 1.09110
The GBPUSD pair wants to adapt to the new look under the 1.27340 region. It created a 34-period exponential moving average. The 1.27340 region acts as a strong resistance. If it rises above the 1.2665 region again, it will enter the trend it ended and may technically touch 1.27340. Support: 1.25767 Resistance: 1.27340
USDJPY lost the demand zone and came below the 100-day average. If the day closes below 147, the downtrend is expected to continue.. Support: 145.876 Resistance: 148.349
Our year-end target on the USDTRY side can again be accepted as the 29.50-30.00 band. Our main direction in the parity is up. The price continues to rise step by step, putting it above every day. Technically, we expect it to test the 28.96 resistance zone during the day. Support: 28.74 – 28.30 Resistance: 28.96 – 29.40
We are following the 2030 - 2038 region, which is currently supported by the 34-period exponential moving average (2033) for ounce gold. As long as the precious metal is traded below the 2030 - 2038 region, a downtrend may come to the fore. If the negative trend continues, the 2015 and 2005 levels may be encountered. In order for the uptrend to come to the fore, it may be necessary to see permanent pricing above the 2038 - 2049 region. Support: 2005-1984 Resistance: 2049-2088
As long as WTI CRUDE Oil remains below the 73.00 - 73.50 resistance, a downward outlook may be at the forefront. In possible declines, 71.50 levels may be targeted after the 71.94 support. In possible recoveries, as long as the 74.00 - 75.50 resistance remains current, a new downward potential may occur. Therefore, for the continuation of the upward desire, it may be necessary to see the course above 73.50 and 4-hour closings. In this case, 74.00 and 75.50 levels may be on the agenda Support: 71.94-71.50 Resistance: 74.00-75.50
As long as Brent remains below the 78.00 - 78.50 resistance, a downward outlook may be at the forefront. In possible declines, 76.50 support and 76.00 levels may be targeted. In possible recoveries, as long as the 78.50 resistance remains current, a new downward potential may occur. Therefore, in order for the upward trend to continue, it may be necessary to see the course above 78.50 and 4-hour closings. In this case, 79.00 and 81.50 levels may come to the fore. Support: 76.50 Resistance: 78.50
The pricing behavior of the Nasdaq index outside the 15850 - 16020 region will be monitored in the short term. The upward trend may come to the fore again if the index rises above 16040 points again and remains above this level. In increases, the 16162-16297 levels can be monitored as short-term resistance levels. Alternatively, if the index falls below the 15850 - 16020 range and closes below the range, negative expectations may come to the fore. In decreases, the 15740 - 15600 levels can be monitored as support. Support: 15740-15600 Resistance: 16040 - 16162
As long as the DAX index moves above the 16360 - 16475 region with the movement in the 8-period Evvelopes indicator, positive expectations are at the forefront. In increases, the 16650 - 16725 levels can be monitored as short-term resistance levels. If the index cannot exceed the Bollinger upper band 16650 resistance, the 16270 - 16160 short-term support levels will be monitored as the movement continues under the range we follow with possible pullbacks.. Support: 16160 - 16270 Resistance: 16650-16725
The direction on the Bitcoin side is still up. Our immediate target is the $45,000 region. As long as the price remains above 43,000, it can continue in this region. However, in a possible downward movement where the Sell Position decreases, we can technically retreat to 42,194. Support: 42194 Resistance: 45,000
When we evaluate the EURUSD parity, the 55-period average (1.0850) is important, but the parity may want to continue its pressure under the relevant region. With this in mind, a decline towards the support of 1.0665, especially 1.07015, can be observed. There are movements above the average in possible returns. However, under this condition, a new expectation towards the channel intersection region 1.1001 may occupy the agenda Support: 1.07015 Resistance: 1.08500
The GBPUSD pair wants to adapt to the new look under the 1.27340 region. It created a 34-period exponential moving average. The 1.27340 region acts as a strong resistance. If it rises above the 1.2665 region again, it will enter the trend it ended and may technically touch 1.27340. Support: 1.25240 Resistance: 1.27340
USDJPY continues to sell from the demand zone. It has fallen below the 50 and 100-day averages. If the day closes below 147, the downtrend is expected to continue.. Support: 146.229 Resistance: 148.205
Stagnation prevails on the USDTRY side. Our main direction in the parity is up. The price has been stuck in a narrow band for the last week. Technically, we expect it to test the 28.96 resistance zone during the day. Support: 28.74 – 28.30 Resistance: 28.96 – 29.40
We are following the 20310-2050 region, which is currently supported by the 34-period exponential moving average (2031) for ounce gold. Permanent pricing above the 2050 level may be needed for positive expectations. In order for negative expectations to come to the fore, a decline to 2010 may be required after the persistence below the 2020 level. Support: 2010-1994 Resistance: 2050-2088
WTI CRUDE Oil extended its losses. Despite the recovery effort in the Asian session, the loss in the last week is around 8%. The course of European and US stock exchanges can be followed during the day. As long as the prices remain below the 70.50 - 71.00 resistance in the upcoming period, the downward view may be in the foreground. In possible declines, the 67.14 level can be targeted. As long as the prices remain below the 70.50 - 71.00 resistance in the upcoming period, the downward view may be in the foreground. Support: 67.14 Resistance: 73.46
As long as Brent remains below the 77.00 - 77.50 resistance, a downward outlook may be at the forefront. In possible declines, 71.73 levels may be targeted. In possible recoveries, as long as the 77.20 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see 4-hour closings above 77.20 for the continuation of the upward desire. In this case, 79.00 and 81.50 levels may come to the fore. Support: 71.73 Resistance: 77.20
After the Nasdaq private sector employment data, the US stock exchanges, which opened positively, gave back their gains and closed in the negative zone. The upward trend may come to the fore again with the index rising above 16040 points and staying above this level. In increases, the levels of 16162-16297 can be followed as short-term resistance levels. Alternatively, if the index falls below 15850 and closes below 15850, negative expectations may come to the fore. In decreases, the levels of 15740 - 15600 can be followed as support. Support: 15740-15600 Resistance: 16040 - 16162
The DAX index gained 0.75% and started the day with a seller after refreshing the peak. As long as it moves above the 16360 - 16475 region with movement in the 8-period Evvelopes indicator, positive expectations are at the forefront. In increases, 16725 levels can be monitored as short-term resistance levels. If the index cannot exceed the Bollinger upper band 16725 resistance, 16270 - 16160 will be monitored as short-term support levels with possible pullbacks if the movement continues under the range we follow.. Support: 16602 Resistance: 16798
The direction on the Bitcoin side is still up. Our immediate target is the $45,000 region. As long as the price remains above 43,000, it can continue in this region. However, in a possible downward movement where the Sell Position decreases, we can technically retreat to 42,194. Support: 42194 Resistance: 45,000
When we evaluate the EURUSD parity, the 55-period average (1.0850) is important, but the parity may want to continue its pressure under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In possible returns, especially the 1.0755 level is where we will get the answer to whether negative pricing is complete. However, under this condition, a new expectation may arise towards the channel intersection region of 1.0965 - 1.1005. Support: 1.07015-1.0665 Resistance: 1.08500-1.0965
The GBPUSD pair may want to continue its pressure below the 34-period exponential moving average (1.2610). With this in mind, pressure can be monitored towards the supports of 1.2560, 1.2525 and 1.2468. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it will enter the trend it has ended, and it can technically increase to 1.2730. Support: 1.25250 Resistance: 1.27300
USDJPY started to rise with the expectation of interest rate hike while the sale continues. Despite this, Japanese Yen is priced below the 50, 100 and 200-day averages. If the day closes below 143, the downtrend is expected to continue. If the rise continues, it is expected to reach 147. Support: 141.631 Resistance: 144,844
There is a stagnation on the USDTRY side. Even if they suppress the price, unless there is a new development that will strengthen the TL side in the pressure, the declines may remain limited, and even if the declines continue, there are trend-oriented expectations above the 233-period exponential moving average (28.48). The price has been stuck in a narrow band for the last week. Technically, we expect it to test the 28.96 resistance zone during the day. Support: 28.48 – 28.30 Resistance: 28.96 – 29.40
We are following the 34-period exponential moving average of ounce gold (2021 - 2041 region. Permanent prices above the 2041 level may be needed for the positive expectation to be strengthened. In possible recoveries, 2052 and 2061 levels may come to the agenda. At this stage, the reaction of the 38.2% correction level 2061 can be monitored in order for the upward demand to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, 2009 and 2003 levels may be encountered. Support: 2021-2009 Resistance: 2052-2061
While oil prices are about to end a busy week, they have taken a calmer course since yesterday. Despite the recovery in the Asian session, the outlook has not changed yet. Today, the course of European and US stock markets and US employment data can be followed. In the upcoming period, as long as the prices remain below the 70.50 - 71.00 resistance, a downward outlook may be at the forefront. In possible declines, the 67.14 level can be targeted. In the upcoming period, as long as the prices remain below the 70.50 - 71.00 resistance, a downward outlook may be at the forefront. Support: 69.50 Resistance: 73.00
As long as Brent remains below the 77.00 - 77.50 resistance, a downward outlook may be at the forefront. In possible declines, 72.73 levels may be targeted. In possible recoveries, as long as the 77.20 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see 4-hour closings above 77.20 for the continuation of the upward desire. In this case, 79.00 and 81.50 levels may come to the fore. Support: 72.73 Resistance: 77.20
Nasdaq closed yesterday positively with the increase of magnificent 7 stocks. GOOGLE's share, which increased by over 5 percent, was large in this. The upward view may come to the fore again with the index rising above 16040 points again and staying at this level. In increases, 16162-16297 levels can be followed as resistance levels. Alternatively, negative expectations may come to the fore with the index falling below 15850 and closing below 15850. In decreases, 15740 - 15600 levels can be followed as support. Support: 15740-15600 Resistance: 16040 - 16162
The DAX index gained 008% and renewed its peak. As long as it moves above the 16360 - 16475 region with movement in the 8-period Evvelopes indicator, positive expectations are at the forefront. In increases, 16725 levels can be monitored as short-term resistance levels. If the index cannot exceed the Bollinger upper band 16725 resistance, 16270 - 16160 will be monitored as short-term support levels with possible pullbacks and the movement below the range we follow.. Support: 16602 Resistance: 16798
The direction on the Bitcoin side is still up. It followed a horizontal course yesterday, but we think it is because it prepared the ground for ETH's rise. Our immediate target is the $45,000 region. As long as the price remains above 43,000, it can continue in this region. However, in a possible downward movement where the Sell Position decreases, we can technically retreat to 42,194. Support: 42194 Resistance: 45,000
EURUSD We have started a very critical week. On Tuesday, there will be CPI from the US, the Fed meeting on Wednesday and the ECB and BoE Central Bank Decisions on Thursday. When we evaluate the parity, the 55-period average (1.0850) is important but it may want to maintain its pressure from here. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In possible returns, a new expectation may be formed towards the channel intersection region of 1.0965 - 1.1005. Support: 1.07015-1.0665 Resistance: 1.08500-1.0965
In the GBPUSD pair, we will be waiting for the US CPI US FED Decision and the BoE Central Bank Decision on Thursday. The 34-period exponential moving average (1.2586) in the pair may want to maintain its pressure below the average. With this in mind, pressure can be monitored towards the supports of 1.2520, 1.2480 and 1.2440. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it can provide a technical increase to 1.2730. Support: 1.24800 Resistance: 1.27300
USDJPY started the week with an increase. The expectation of a continuing interest rate hike supports this. Despite this, the Japanese Yen is priced below the 50, 100 and 200-day averages. If the day closes below 144, the downtrend is expected to continue. If the rise continues, it is expected to reach 147. Support: 142.495 Resistance: 147,200
On the USDTRY side, we think that it will enter at 29 TL until the minimum wage negotiations are concluded and then rise to 29.60 after the minimum wage negotiations are concluded and close the year. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate above 30 TL as of January and now sit above 30. The dollar will no longer be heavily suppressed, and will return with an increase in TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60
Due to the Fed interest rate decision, ounce gold may test the 1975s region until Wednesday, which is the decision day this week. We are following the 2010 - 2021 region, which is currently supported by the 34-period exponential moving average (2023). As the precious metal moves in the 2010 - 2021 region and below, the pullback trend may remain at the forefront. We are waiting for the 2020 test after the fixed message from the Fed interest rate decision. Support: 1977-1958 Resistance: 2021-2041
Oil prices continued their recovery efforts after the strong employment data released on Friday and the US Department of Energy's plan to take advantage of low oil prices and make purchases in the Strategy Petroleum Reserves. As long as prices remain above the 71.00 - 71.50 support in the upcoming process, there may be an upward trend. In possible declines, it may be necessary to see the course below 71.00 and hourly closings. In this case, we may see 71.00 - 70.50. Support: 69.50 Resistance: 73.00
Brent Oil also started the new week with positive reaction buying on Friday with the strategic reserve news announced from the US. The 200-week average worked well again in the "reaction buying" idea. As long as it remains above the 75.50 - 76.00 support, the upward view may be at the forefront. In possible increases, the 77.00 and 77.50 levels may be targeted. In possible decreases, the 75.00 and 74.50 levels may come to the agenda. Support: 75.00 Resistance: 77.50
After the headline figures of the last trading day of the past week, the US non-farm payrolls data announced above expectations, and expectations that the Fed would make its first interest rate cut in March were diminished, the selling pressure on the Nasdaq index increased, while positive expectations come to the fore as long as it remains above the 15850 - 16020 region in the short term. In increases, the 16300 - 16430 levels can be followed as resistance. In decreases, the 15740 - 15600 levels can be followed as support. Support: 15740-15600 Resistance: 16300-16430
The DAX40 index closed at a peak level of 16759 with a 0.78% increase during the week we left behind. The course of the US and European stock markets can be monitored during the day due to their possible effects on the index. As long as it moves above the 16470 - 16585 region, positive expectations are at the forefront. In increases, the 17100 - 17300 levels can be monitored as short-term resistance levels. In decreases, if the index cannot get support from the 200-period average and the 15665 level, sales can be expected to gain momentum. Support: 16870-17100 Resistance: 16470-15665
There are European/US interest rate decisions for BTC this week and there may be a sale of up to 2k with a bit of fear. We expect a crypto under pressure until Wednesday, and a more balanced week after Wednesday. If there is a strong selling wind in BTC (about 10k), it will draw the masses in with fake volume before it drops. It will make the masses hungry. For this, they quickly launch meme coins into the market and give the message that the masses are in a tough bull market. When everyone is hungry, they sell hard. Support: 40000 Resistance: 44500
Critical days have begun for EURUSD. Today will be the US CPI, Wednesday the Fed meeting and Thursday the ECB and BoE Central Bank Decisions. When we evaluate the parity, the 55-period average (1.0810) is important but it may want to maintain its pressure from here. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In possible reversals, a new expectation may be formed towards the channel intersection region of 1.0965 - 1.1005. Support: 1.07015-1.0665 Resistance: 1.08500-1.0965
In the GBPUSD parity, we will be waiting for the US CPI decision tomorrow, the US FED decision on Thursday and the BoE Central Bank decision. The 34-period exponential moving average (1.2580) in the parity may want to maintain its pressure below the average. With this in mind, pressure can be observed towards the supports of 1.2560, 1.2520 and 1.2480. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it can provide a technical increase to 1.2730. Support: 1.25200 Resistance: 1.27300
USDJPY continues to rise. Undoubtedly, the expectation of a continuing interest rate hike supports this. The Japanese Yen is priced above the 200-day average. If the day closes above 148.165, the uptrend is expected to continue. If the rise continues, it is expected to reach 149.689. Support: 144.864 Resistance: 148.165
USDTRY broke the 29.00 resistance yesterday. It is currently trading near this resistance level. We think that it will rise to 29.60 after the minimum wage negotiations are concluded and close the year. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate that has risen above 30 TL and settled above 30 as of January. The dollar will no longer be heavily suppressed, and will return with an increase in TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60
For ounce gold, it tested the 1975s region that we said yesterday. Today, after the CPI data, the decline in 10-year real returns will end the profit taking in precious metals. We are following the 2003-2010 region, which is currently supported by the 34-period exponential moving average (2012). As the precious metal moves in the 2003 region and below, the pullback trend may remain in the foreground. We are waiting for the 2020 test after the fixed message comes out of the Fed interest rate decision. Support: 1977-1969 Resistance: 2003-2012
Oil prices recovered yesterday after a limited correction due to concerns about ample supply and climbed above short-term averages. As long as prices remain above the 71.00-71.50 support in the upcoming period, there may be an upward trend. In possible increases, 72.50 and 73.00 levels can be targeted. In possible decreases, it may be necessary to see the course below 71.00 and hourly closings. In this case, we can see 71.00-70.50. Support: 70.50 Resistance: 73.00
Oil prices recovered yesterday after a limited correction due to concerns about ample supply and climbed above short-term averages. The 200-week average worked well again in the "reaction purchase" idea, and as long as it remains above the 75.50 - 76.00 support, an upward outlook may be at the forefront. In possible increases, 77.00 and 77.50 levels may be targeted. In possible decreases, 75.00 and 74.50 levels may come to the agenda. Support: 75.00 Resistance: 77.50
The Nasdaq index, which closed at 14432 with a 0.20% increase before the US inflation data, started the second trading day of the week with buyers from the peak levels of this year. Positive expectations for the Nasdaq index come to the fore as long as it moves above the 16020 - 16200 region in the short term. In increases, the 16555 - 16650 levels can be followed as resistance. In downward corrections, it can be expected to fall towards the 200-period average level of 15740. Support: 15740-15600 Resistance: 16500-16650
EURUSD could not develop an accelerated movement towards the target yesterday. On the contrary, the price was pushed back by sharp sales. If the demand zone on the chart is lost, the declines may continue. Support: 1.0526 – 1.0504 Resistance: 1.0616 -
The DAXEUR index ended the day we left behind with an increase, parallel to the upward trend in the US stock markets before the US inflation to be announced today. The index, which is moving at peak levels, started at 17009 and then moved close to 16837 with profit sales. As long as the Dax index moves above the 16585 - 16650 region with movement in the 8-period Envelopes indicator, positive expectations are at the forefront. In increases, 17100 - 17300 levels and in pullbacks, 16470 - 16360 will be followed as short-term support levels. Support: 17100-17300 Resistance: 16470-16360
GBPUSD pair is prone to losing the demand zone. Despite the repeated attempts to return from here, it could not continue the move. With the loss of the zone, we can see a swing to the 1.2082 level. Support: 1.2082 Resistance: 1.2162 – 1.221
USDJPY Our main movement direction is up. The price is moving above all averages in the daily time frame. Unless the day closes below the 149.50 band, contact to the 150.43 and 150.78 levels can be expected. Support: 149.50 Resistance: 150.43 – 150.78
USDTRY reached its 29₺ target as of today. Our expectation is that ₺ will continue to lose value in a controlled manner. We expect to see a level between 29.50-30.00 by the end of the year. Support: 27.75 - 27.55 Resistance: 28.50 - 29.00
Ounce gold gained an important supply area. Permanence is provided on the 1920-1927 band. As long as the region continues to hold, the movement may continue up to the 1972 level. Positive. Support: 1927 - 1920 Resistance: 1972 - 1980
WTI On the CRUDE Oil side, we reached the $89 level we expected. The price completed its short-term target. The price will maintain its general uptrend structure above the 87 band. Support: 88 – 87 Resistance: 89
The upward movement we expected on the Brent side has occurred. The direction is still upward in the upper timeframes. It may restart a determined uptrend as long as it does not fall below roughly 89.50. Support: 90.00 - 89.50 Resistance: 93.25
On the Nasdaq side, we stated yesterday that there could be a decline towards liquidities around 14900. The expectation came true. The price may also ease towards liquidities around 14815 and 14780 Support: 14815 - 14780 Resistance: 14950
DAX could not overcome the 15280 resistance that we mentioned yesterday. It got stuck at the moving average passing through here and then fell deeply. It reached the 15012 liquidity marked on the chart. The situation is still negative. It may even ease to around 14810. Support: 15012 - 14810 Resistance: 15130 -
EURUSD side reached the level we indicated as 1.0616 yesterday. Expectation was successfully completed. If the price can stay above the 1.0564 band, it can continue its upward movement. Support: 1.0564 – 1.0526 Resistance: 1.0616 -
GBPUSD could not achieve an upward movement. Yesterday, the Euro remained much stronger than the Sterling. If the price settles below the demand zone, it may ease to 1.2082 and 1.2055 levels. Support: 1.2082 – 1.2055 Resistance: 1.2162 – 1.221
The 1972 level that we showed as the target for Ounce has been reached. This was the level we determined as the safe target for this week. Although it is riskier, there is a possibility that the price will test the 1992 level. Support: 1927 - 1920 Resistance: 1972 - 1992
Brent continues its strong trend. The price may want to touch the 4-hour imbalance limits around 94.19 and 94.77. Our near-term expectation will be in favor of continued increases. Support: 92 – 90.80 Resistance: 94.19 – 94.77
On the Nasdaq side, the price reached the 14815 and 14780 band liquidities that we previously stated. Our negative expectation for the indices continued. The market structure is still prone to decline. Support: 14530 - Resistance: 14815
We continue to expect a downtrend for the DAX. The price reached the liquidity level of 15012, then broke it decisively. The next downtrend target for the price could be around 14810. Support: 14810 Resistance: 15012 - 15130
EURUSD side reached the level we indicated as 1.0616 yesterday. Expectation was successfully completed. If the price can stay above the 1.0564 band, it can continue its upward movement. Support: 1.0564 – 1.0526 Resistance: 1.0616 -
GBPUSD is showing a recovery trend in the demand area again. The price created a lot of open liquidity during the decline process. Our expectation is that this liquidity will be taken with the rapid movement in the upward direction. Support: 1.2082 – 1.2055 Resistance: 1.2212
USDJPY Our main movement direction is up. The price is moving above all averages in the daily time frame. Unless the day closes below the 149.57 band, contact to the 150.43 and 150.78 levels can be expected. Support: 149.63 Resistance: 150.43 – 150.78
The last level we showed as a target under Ounce was $1992 before the end of Friday. We did not update a new target on this level. Corrections were possible. The price maintains its upward momentum above 1961. Support: 1961 - 1931 Resistance: 1987
On the Brent side, the relaxation towards the 90.10-90.60 area may continue. The price seems to continue its negative movement in the short term. We may see an upward movement from this mentioned area again. Support: 90.60 – 90.10 Resistance: 94.19 – 94.77
On the Nasdaq side, the price reached the 14815 and 14780 band liquidities that we mentioned before. The weakness continues on the index side. This week, we can test the liquidity in the 14430 band. Support: 14430 - Resistance: 14690
We have mentioned the risk of an upward target update on the EURUSD side. The price has suffered a serious pullback on this warning. This correction may continue Support: 1.0675 – 1.066 Resistance: 1.074
GBPUSD has suffered a significant pullback in the upper timeframes due to being in a significant supply zone. The price may continue to ease towards the 1.227 band in the near term. Support: 1.2249 – 1.2247 Resistance: 1.24
On the USDJPY side, the demand zone worked once again. The price moved upwards from the zone. If this orange band is lost, further declines are expected. The recovery above the orange zone is likely to continue. Support: 149.95 – 148.62 Resistance: 151.50
The rises on the USDTRY side continue step by step. It is expected by almost everyone that it will close the year around 29-30. We are also convinced that the stable rise in the exchange rate will continue as long as it remains above the averages. Support: 28.00 - 27.50 Resistance: 29.00
On the ounce gold side, our target of $1963 has arrived, but there has not been a definite reversal yet. The price may drop to the 500-period average per hour around 1953. Support: 1960 - 1952 Resistance: 1967 - 1974
WTI On the CRUDE Oil side, there was a deep decline that we pointed out yesterday. There is a possibility that the price will pull back a little more. The relaxation towards the 72.70-74.10 band may continue. Support: 74.10 – 72.70 Resistance: 79.60
Brent side also fell to the point we pointed out. The price may return to the limits of the demand area that seems important. In other words, the relaxation may continue to around 77.40-78.80. Support: 78.80 – 77.40 Resistance: 83.50 -
Nasdaq also broke the diagonal trend barrier and passed over it. We can't talk about a clear breakdown yet. The price may continue to rise. Support: 14850 - 14600 Resistance: 15450
On the DAX side, our demand zone can be considered as the 15030-15125 band. If the price can stay above this band, it can continue to rise. There is no clear deterioration yet. As long as this price stays above the imbalance area, we will see positive. Support: 15030 Resistance: 15160 - 15300
EURUSD horizontal 1.066 is important. If the price can stay above this horizontal, it may have a chance to continue upwards. It is still holding on to EMA50 in 4-Hour. Support: 1.066 Resistance: 1.073
On the GBPUSD side, we had drawn attention to the possibility of the price easing to the 1.227 level. The downward movement we expected occurred. If it cannot rise above 1.23, the decline may continue towards the lower orange zone. Support: 1.2176 Resistance: 1.23
On the USDJPY side, the demand zone worked once again. The price moved upwards from the zone. If this orange band is lost, further declines will be expected. The recovery above the orange zone is likely to continue. Support: 149.95 – 148.62 Resistance: 151.50
The rises on the USDTRY side continue step by step. It is expected by almost everyone that it will close the year around 29-30. We are also convinced that the stable rise in the exchange rate will continue as long as it remains above the averages. Support: 28.00 - 27.50 Resistance: 29.00
If the price on the Ounce gold side can stay above the 1948.9-1954.6 band, we expect the reaction to continue to the 1968.7 level in the near term. The price produced a regular reaction from the 4-Hour EMA200 band. Support: 1954.6 – 1948.9 Resistance: 1968.7
Brent side also fell to the point we pointed out. The price may return to the limits of the demand area that seems important. In other words, the relaxation may continue to around 77.40-78.80. Support: 78.80 – 77.40 Resistance: 83.50 -
Nasdaq also broke the diagonal trend barrier and passed over it. We can't talk about a clear breakdown yet. The price may continue to rise. Support: 14850 - 14600 Resistance: 15450
On the DAX side, both of the levels we targeted were reached without any problems. If the price can stay above the 15204-15224 band, it can continue to rise to around 15460-15490. Support: 15204 Resistance: 15460-15490
EURUSD horizontal 1.066 is important. If the price can stay above this horizontal, it may have a chance to continue upwards. It is still holding on to EMA50 in 4-Hour. Support: 1.066 Resistance: 1.073
GBPUSD side has relaxed to the area we have drawn attention to. If the price can stay above the orange area, it may show upward movements again. Support: 1.2176 Resistance: 1.2263 – 1.2314
USDJPY We drew attention to the orange zone during the correction. We mentioned that the upward movement will continue as long as the zone is not lost. The price updated the peak as of today. The direction is still up. 151.94 is the target. Support: 150.88 – 150.39 Resistance: 151.94
The rises on the USDTRY side continue step by step. It is expected by almost everyone that it will close the year around 29-30. We are also convinced that the stable rise in the exchange rate will continue as long as it remains above the averages. Support: 28.00 - 27.50 Resistance: 29.00
Ounce gold has dropped to the 200-day average and is producing reactions from here. If the price stays above the 1935 band, it may continue its upward movement. 1944.5 can be followed as a close target. Support: 1935 – 1931.5 Resistance: 1944.5
WTI The deep decline we pointed out on the CRUDE Oil side occurred. There is a possibility that the price will pull back a little more. The relaxation towards the 72.70-74.10 band may continue. Support: 74.10 – 72.70 Resistance: 79.60
Brent side also fell to the point we pointed out. The price may return to the limits of the demand area that seems important. In other words, the relaxation may continue to around 77.40-78.80. Support: 78.80 – 77.40 Resistance: 83.50 -
Nasdaq can continue its upward movement as long as it remains above the 15272-15355 band. Its potential target can also be considered as 15600. Support: 15272 - 15355 Resistance: 15600
DAX reached both of our targets. If the price can hold above the 15204-15224 band, the movement may continue. Then this upward wave may continue to around 15460-15490. Support: 15204 Resistance: 15460-15490
EURUSD is still trading on the positive side. As long as the price stays above 1.0919, it may continue to the 1.0967 band. Support: 1.0919 Resistance: 1.0967
The last bullish target we showed on the GBPUSD side, 1.26426, has also come. If the price can stay above this band, 1.2663 will be its next target. Support: 1.2585 Resistance: 1.2643 – 1.2663
USDJPY also made the downward move we pointed out. If it cannot hold on to the purple zone, it may ease to the 147 level and the 100-day average band. Support: 147.90 – 147.70 Resistance: 148.60
Our year-end target on the USDTRY side can again be accepted as the 29.50-3.00 band. Our main direction in the parity is up. The price continues to rise step by step, putting it above every day. Support: 28.00 - 27.50 Resistance: 29.50 - 30.00
Ons side, increases may still prevail. Price may gain momentum above $2016 and target 2040 band. Support: 2004 - 1992 Resistance: 2040
Brent eased back into the demand zone. As long as the chart holds above the red band, the upward movement may continue. Support: 79.90 Resistance: 82.00
Nasdaq can continue its upward movement if it can stay above the 15900-15940 band. Then, 16150 and 16300 can be followed as targets. Support: 15900 Resistance: 16150 - 16300
If DAX can stay above the 15939-15969 band, the upward movement may continue in the short term. 16060 and 16150 can be monitored as sequential targets. Support: 15940 - 15970 Resistance: 16060 - 16150
EURUSD is still trading on the positive side. The price continues to rise regularly above its average supports. Above 1.0957, we expect it to continue to the 1.1065 band. Support: 1.0919 Resistance: 1.1065
The last bullish target we showed on the GBPUSD side, 1.2713, has also come. The next target level is 1.2746. As long as the price stays above 1.2642, the positive trend should continue. Support: 1.2642 Resistance: 1.2646
USDJPY lost the demand zone and came back to the 100-day average. If the day closes below 147, the downtrend is expected to continue.. Support: 147 Resistance: 148.60
Our year-end target on the USDTRY side can again be accepted as the 29.50-3.00 band. Our main direction in the parity is up. The price continues to rise step by step, putting it above every day. Support: 28.00 - 27.50 Resistance: 29.50 - 30.00
Ons side, there was a move to the target level of $2040. The main direction is still up. The next uptrend target can be followed as $2075. It may be the beginning of a medium-long term major rally. Support: 2019 - Resistance: 2075
WTI CRUDE Oil is trading in the demand zone again. If it can hold above the 74.30-75.40 band, the price may go up again. In the upper region, a movement towards liquidity in the 79.70 band may begin. Support: 74.30 Resistance: 77.00 – 79.70
Brent eased back into the demand zone. As long as the chart holds above the red band, the upward movement may continue. Support: 79.90 Resistance: 82.00
Nasdaq can continue its upward movement if it can stay above the 15900-15940 band. Then, 16150 and 16300 can be followed as targets. Support: 15900 Resistance: 16150 - 16300
The last demand zone on the DAX side can be considered as the 15906-15931 band. As long as the price stays above this zone, the rise will continue and contacts with 16050-16150 are expected. Support: 15906 - 15931 Resistance: 16060 - 16150
Bitcoin is still bullish. Our immediate target is the $39700 area. As long as the price stays above 36700, it may continue in this area. Support: 35735 Resistance: 39700 - 42000 -
EURUSD is still trading on the positive side. The price continues to rise regularly above its average supports. Above 1.0957, we expect it to continue to the 1.1065 band. Support: 1.0919 Resistance: 1.1065
The last bullish target we showed on the GBPUSD side, 1.2713, has also come. The next target level is 1.2746. As long as the price stays above 1.2642, the positive trend should continue. Support: 1.2642 Resistance: 1.2646
USDJPY lost the demand zone and returned to the 100-day average. If the day closes below 147, the downtrend is expected to continue. Support: 147 Resistance: 148.60
Our year-end target on the USDTRY side can again be accepted as the 29.50-3.00 band. Our main direction in the parity is up. The price continues to rise step by step, putting it above every day. Support: 28.00 - 27.50 Resistance: 29.50 - 30.00
Ons side, there was a move to the target level of $2040. The main direction is still up. The next uptrend target can be followed as $2075. It may be the beginning of a medium-long term major rally. Support: 2019 - Resistance: 2075
WTI CRUDE Oil is trading in the demand zone again. If it can hold above the 74.30-75.40 band, the price may go up again. In the upper region, a movement towards liquidity in the 79.70 band may begin. Support: 74.30 Resistance: 77.00 – 79.70
Brent eased back into the demand zone. As long as the chart holds above the red band, the upward movement may continue. Support: 79.90 Resistance: 82.00
Nasdaq can continue its upward movement if it can stay above the 15900-15940 band. Then, 16150 and 16300 can be followed as targets. Support: 15900 Resistance: 16150 - 16300
DAX reached our target levels one by one. There were contacts to the horizontal levels we had previously stated. The next open liquidity level can be followed as 16314. Support: 16150 - 16050 Resistance: 16314
EURUSD Dollar Index continues to lose value by maintaining its stability above 103. The price continues to fall regularly below average supports. Above 1.08450, our expectation is to continue in the 1.08255 band. Support: 1.08255 Resistance: 1.08543
After reaching 1.2734, which we gave on the GBPUSD side, the parity lost in parallel with the Dollar index. As long as the price remains below 1.2600, the sale may continue. The next target level is 1.25240 Support: 1.25240 Resistance: 1.27340
USDJPY lost the demand zone and came below the 100-day average. If the day closes below 147, the downtrend is expected to continue.. Support: 145.876 Resistance: 148.349
Our year-end target on the USDTRY side can again be accepted as the 29.50-3.00 band. Our main direction in the parity is up. The price continues to rise step by step, putting it above every day. Support: 28.74 – 28.30 Resistance: 28.96 – 29.40
After the needle hit $2140 on the ounce side, profit sales occurred. The main direction is still up. The next uptrend target can be followed as $2088. It may be the beginning of a medium-long term major rally. Support: 2005 Resistance: 2088
WTI CRUDE Oil wants to enter the demand zone. If it can hold above the 73.00-74.40 band, the price may go up again. In the upper region, a movement towards liquidity in the 79.75 band may begin. Support: 72.18 Resistance: 76.37 – 79.75
Prices continue to ease even though Brent is making an attack. The selling process will probably continue. Support: 76.58 Resistance: 81.24
With only a short time left for EURUSD to complete 2023, we observe that the negative trend in the Dollar Index and US 10-year bond interest rates continues, and that significant progress has been made in the EURUSD parity due to the pressure on the index. When we evaluate the EURUSD parity in the short term, the 1.1005 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be observed towards the barriers of 1.1145, 1.1190 and 1.1235. In the event of a possible reaction, the 55-period average is the main support, while a new pressure can be observed towards the 1.1090 - 1.0005 bottom region. Support: 1.1090 - 1.0005 Resistance: 1.1190 - 1.1235
Although the short-term positive trend view is at the forefront for the GBPUSD parity, it has not yet been able to escape from the long-term negative zone limits. The questions of whether there will be a change in the long-term outlook for the parities in the upcoming period in the Fed, ECB and BoE interest rate cut race should be followed carefully. When we evaluate the GBPUSD parity in the short term, the 34-period 1.2730 region is important and may want to continue the upward trend. With this in mind, pricing can be monitored towards the barriers of 1.2825, 1.2875 and 1.2930. In the possible reaction thought, it should not be forgotten that the 34-period average is an intermediate support, and even if the declines continue, the 200-period average (1.2580) will continue to be the main support. Support: 1.27300 Resistance: 1.28750
For USDJPY Pair Today, Unemployment Claims from the US and Chicago Purchasing Managers Index on Friday are recorded as important news to follow in the remaining days of the week, however, the current news can be noted for the Dollar Index and therefore the USDJPY pair with possible movements with shallow markets theme. The pair, which started the day with a decline, is priced below its 200-day average. If the day closes above 142.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 140.180. Support: 140.180 Resistance: 142.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, the Turkish Lira is trading close to 29.41 with 0.28 percent. When we evaluate the USDTRY exchange rate in the short term, the 28.97 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 29.42, 29.50 and 29.60 levels can be observed. In particular, permanent movements above 29.66 may strengthen the idea of a possible increase towards its upper points. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.97) are on the agenda. Support: 29.20 - 29.00 Resistance: 29.50 - 29.60
Gold Ons With the support of the US 10-year Treasury bond yield falling below 3.80%, gold onslaught has been dominant in the short term. When we technically evaluate short-term gold onslaught prices, we are following the 2061-2070 region, which is currently supported by the 13 (2071) and 34 (2056) period exponential moving averages. As long as the precious metal is traded above the 2061-2070 region, the upward trend may continue. If the positive pricing desire continues, the 2090 and 2100 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2061-2070 region for the negative expectation to come to the fore. In this case, the 2052 and 2040 levels may come to the agenda. Support: 2070-2061 Resistance: 2090-2100
Despite the ongoing tensions in the Red Sea, the American Petroleum Institute data indicating that oil stocks in the US have increased has put pressure on prices. The institution announced an increase of 1.8 million barrels in stocks, while the official stock data to be announced by the US Energy Information Administration today will be followed. In the upcoming process, as long as the prices remain at and above the 73.50 - 74.00 support, the upward potential may continue. The 74.50 and 75.00 levels may be targeted in the increases. In order for the possible decreases to remain effective from this stage onwards, it may be necessary to see the course below 73.50 and 4-hour closings. In this case, the 73.00 and 72.50 levels may come to the agenda. Support: 73.50 Resistance: 75.00
Despite the ongoing tensions in the Red Sea, the American Petroleum Institute data indicating that oil stocks in the US have increased has put pressure on prices. While the institution announced an increase of 1.8 million barrels in stocks, the official stock data to be announced by the US Energy Information Administration today will be followed. As long as the prices remain above the 79.00 support in the upcoming period, the upward potential may continue. The 80.00 and 80.50 levels may be targeted in the increases. In order for the possible decreases to remain effective from this stage onwards, it may be necessary to see the course below 79.00 and 4-hour closings. In this case, the 78.50 and 78.00 levels may come to the agenda. As long as the prices remain above the 79.00 support in the upcoming period, the upward view may be in the foreground. Support: 79.00 Resistance: 81.00
For NDXUSD While volumes were low in global stock markets in the last week of the year, US stock markets, which were approaching the last nine-week rise with optimistic expectations for the Fed, lost their upward momentum in the last session. The Nasdaq index futures contract, which opened the day at 16930, is moving close to 16950 as the analysis is being prepared. As long as the Nasdaq index moves above the 16900 - 17000 region in the short term, the potential for upward movement continues. In increases, 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downward, it can be observed that it falls below the 16900 support and closes below the level, and retreats towards the 16840 level can be observed. Support: 16900 - 16840 Resistance: 16990 - 17100
DAX INDEX The DAXEUR index futures contract, which started the last week of the year with an increase after the Christmas holiday, opened the day at 16730. While the analysis was being prepared, the index, which was traded at 16795, will generally have a calm data flow, and the course of the US and European stock markets can be followed in the week. The DAXEUR index is supported by the 34-period average and positive expectations are at the forefront over the 16726 - 16890 region. In increases, 16890 - 16980 levels can be monitored as resistance. With the breakdown of the 16980 psychological resistance, 17100 - 17200 levels can be targeted. In the alternative scenario, a downward trend can come to the fore with the index remaining below the 16890 support. In possible pullbacks, 16726 - 16600 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980
Bitcoin, after falling to the $41,500 support, is currently continuing its movement above $43,210. With the year ending shortly, volatility in BTC has started to increase. If it makes the annual closing above $44,500, a positive outlook will be formed and with the spot ETF approval expected to come in January, a movement to $52,000 levels may occur! The upward movements may continue in altcoin pairs. There was hype for the projects on the SOL, AVAX, MATIC, ARB, APTOS networks, now this hype has shifted to the BSC network and then the ETH movement will start and we think we will see the real submarket increases. Support: 42,400 Resistance: 44,500
When we evaluate the performances of EURUSD since the beginning of the year, we are following the movements of EURUSD parity with a 3.50 percent increase through the last period when the losses in the Dollar Index were effective. When we evaluate the EURUSD parity in the short term, the 1.1005 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.1090, 1.1145 and 1.1190. The reaction to be given at the 1.1090 level in particular should be monitored. In the possible reaction thought, it should not be forgotten that while the 55-period average is the main support, permanent movements below the average are needed for the current scenario to be considered invalid. However, a new pressure towards the 1.0890 bottom region can be monitored under this condition. Support: 1.1030 – 1.0005 Resistance: 1.1190 – 1.1235
While looking for an answer to the question of whether the GBPUSD parity will be able to end its long-term negative outlook, especially in the new year, the 1.2900 level is important for the GBPUSD and we will be following the monthly closings it will make towards the relevant levels. When we evaluate the GBPUSD parity in the short term, the 1.2725 region where the 34-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the 1.2782, 1.2825 and 1.2875 barriers. The reaction to be given at the trend top level of 1.2875 should be followed in particular. In thinking about a possible reaction, it should not be forgotten that the 34-period average is an intermediate support, but even if the declines continue, the 200-period average (1.2590) will continue to be the main support. Support: 1.27300 Resistance: 1.28750
For USDJPY Pair, it will be important to monitor the levels it closed this year, especially in order to interpret the first quarter performance of the new year. When we evaluate the performances since the beginning of the year, it has lost nearly 3% of its value due to the recent period when the losses in the Dollar Index were effective. The pair, which started the day with a decline, is priced below its 200-day average. If the day closes above 142.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 140.180. Support: 140.180 Resistance: 142.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, the Turkish Lira is trading close to 29.50 with 0.31 percent. When we evaluate the USDTRY exchange rate in the short term, the level of 29.16 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 29.50, 29.60 and 29.70 can be observed. In particular, permanent movements above 29.74 may strengthen the idea of a possible increase towards its upper points. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.97) are on the agenda. Support: 29.20 - 29.00 Resistance: 29.60 - 29.70
Ons Gold On the last trading day of the year; Due to the effect of the limited movement after the recovery of the US 10-year Treasury bond yield. While preparing the analysis for the day, it is trading around the 2072 level. Chicago PMI can be followed during the day due to its possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2061 level, which is currently supported by the 34-day (2060) period exponential moving average. As long as the precious metal 2061 level suppresses the desire to retreat, the desire to rise may remain in the foreground. If the upward trend continues, there may be a movement area towards the 2070 and 2080 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2061 level. In this case, the 2052 and 2040 levels may be encountered in the possible declines. Support: 2060-2051 Resistance: 2080-2100
Despite the US Energy Information Administration announcing a decrease of over 7 million barrels in stocks, oil prices are approaching the end of the year with a decline. Although the fact that US forces are trying to provide security in the Red Sea is effective in this picture, the idea that supply will remain strong against demand in the coming year seems to be at the forefront. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 72.50 - 73.00 resistance in the upcoming period, downward potential may continue. In possible declines, 71.50 and 71.00 levels can be targeted. In possible recoveries, as long as the 72.50 - 73.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 73.00 and hourly closings for the continuation of the upward desire. In this case, 73.50 and 74.00 levels may come to the agenda. Support: 71.50 Resistance: 73.00
After the correction we expected for BTC yesterday, it turned its direction upwards again. We expect a crypto under pressure until Wednesday, and a more balanced week after Wednesday. The 4000 support is very important, if this is broken, a drop to 37000 can be expected. In possible increases, the first target will be 44500. Support: 40000 Resistance: 44500
We are focusing on the US Federal Reserve for EURUSD. After the inflation data, the Fed expectation was postponed from March 2024 to May 2024. When we evaluate the parity, the 55-period average (1.0810) is important, but it may want to maintain its pressure from here. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In possible reversals, a new expectation may be formed towards the channel intersection region of 1.0965 - 1.1005. Support: 1.07015-1.0665 Resistance: 1.08500-1.0965
In GBPUSD parity, we will close the week with the Fed today, ECB and BoE tomorrow, and the leading PMI data after the statements of the critical banks. The 34-period exponential moving average (1.2580) in the parity may want to maintain its pressure below the average. With this in mind, pressure can be monitored towards the supports of 1.2560, 1.2520 and 1.2480. The 1.2730 region acts as a strong resistance. If it rises above the 1.2665 region again, it can provide a technical increase to 1.2730. Support: 1.25200 Resistance: 1.27300
USDJPY Pair Started the Day Positive. Following the Fed Decision to be Announced Today, Powell's speech and the expectation of an interest rate hike support this. The Japanese Yen is priced above the 200-day average. If the day closes above 146.540, the uptrend is expected to continue. If the rise continues, it is expected to reach 149.689. Support: 144.864 Resistance: 146.540
On the USDTRY side, the 29.00 resistance has now been overcome and is providing support. We think that after the minimum wage negotiations are concluded, it will rise to 29.60 and close the year. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate that has risen above 30 TL and settled above 30 as of January. The dollar will no longer be heavily suppressed, and will return with an increase in the TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60
For ounce gold, core inflation seems in line with expectations, but the details are not so supportive. Most of the increase in inflation comes from the services sector. This indicates that inflation will not fall immediately. There will be no new interest rate hike from the FED, but we do not think we will see Powell rushing to give a rate cut signal. We are following the 2003-2010 area, which is currently supported by the 34-period exponential moving average (2012). As the precious metal moves in the 2003 area and below, a pullback trend may be at the forefront. We are waiting for the 2020 test after the Fed's fixed message from the interest rate decision. Support: 1977-1969 Resistance: 2003-2012
Oil prices showed a downward trend yesterday as concerns about ample supply returned to the forefront. Expectations for increased exports in Russia and increased production in the US were followed as current headlines. As long as pricing remains above the 69.00-69.50 support in the upcoming period, there may be an upward trend. In possible increases, 70.00 and 70.50 levels may be targeted. In possible decreases, it may be necessary to see the course below 69.00 and hourly closings. In this case, we may see 68.00-67.50. Support: 67.50 Resistance: 70.00
BRENT continues to decline. The American Petroleum Institute's announcement of a 2.35 million barrel decrease in stocks did not change this picture. The stock figures to be announced by the US Energy Information Administration and the Fed's monetary policy statement will be followed during the day. The 200-week average worked well again in the "reaction purchase" idea, as long as it remains above the 73.50 - 74.00 support, the upward view may be at the forefront. In possible increases, the 74.50 and 75.00 levels may be targeted. In possible decreases, the 72.50 and 72.00 levels may come to the agenda. Support: 72.50 Resistance: 74.50
Markets have optimistically priced the US inflation data that came in line with expectations before the Fed interest rate decision. The projections to be announced after the Fed interest rate decision today will be monitored for pricing behavior in the indices. As long as it moves above the 16300-16430 region, positive expectations come to the forefront. The 16650-16740 levels can be followed as resistance. In the downward corrections from the peak levels, if it falls below the 16300-16430 range and closes below the range, the 16200-16020 levels can be followed as support. Support: 16200-16020 Resistance: 16650-16740
After the US inflation data that came in line with expectations the other day, investors focused on today's Fed decision while European stock markets closed yesterday with a decline. The index, which is moving at peak levels, is moving close to 16800. As long as the Dax index moves above the 16585 - 16725 region with movement in the 8-period Envelopes indicator, positive expectations are at the forefront. In increases, 17100 - 17300 levels and in pullbacks, 16470 - 16360 will be followed as short-term support levels. Support: 17100-17300 Resistance: 16470-16360
After the correction we expected for Btc yesterday, it turned its direction upwards again. There will definitely be price movements in the FED Interest Rate Decision today. A crypto under pressure today, we expect a more balanced week after today. The 4000 support is very important, if this is broken, a drop to 38500 can be expected. In possible increases, the first target will be 43500. Support: 40000 Resistance: 43500
After leaving the Fed behind for EURUSD, we will focus on the ECB and BoE today, and the German Manufacturing PMI and the Services PMI data from the UK and the US tomorrow. When we evaluate the parity, the 55-period average (1.0815) is important, but it may want to maintain its pressure from here. With this in mind, a decline towards the supports of 1.0755, primarily 1.0715 - 1.0665 can be observed. In possible reversals, a new expectation may arise towards the channel intersection region of 1.1005 - 1.1050. Support: 1.0715 - 1.0665 Resistance: 1.1005 - 1.1050
In GBPUSD parity, we will focus on ECB and BoE Interest Rate Decisions today. In parity, 34-period exponential moving average 4-period average (1.2560 - 1.2585 region) is now support. 1.2665 should be kept in mind that in order to enter the negative region it ended in the thought of a possible pullback to the relevant region, it needs permanent movements below the average and a BoE that will support this thought. However, under this condition, pressure can be observed towards the 200-day average 1.2480 region. Support: 1.2580 Resistance: 1.2665
USDJPY Pair Started the Day Negatively with the Loss of the Dollar Index. We will focus on the ECB and BoE Interest Rate Decisions to be Announced Today. The Japanese Yen is priced below the 200-day average. If the day closes below 144,240, the downtrend is expected to continue. If the decline continues, it is expected to reach 139,689. Support: 140,982 Resistance: 144,240
On the USDTRY side, the 29.00 resistance has now been overcome and is providing support. We think that after the minimum wage negotiations are concluded, it will rise to 29.60 and close the year. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate that has risen above 30 TL and settled above 30 as of January. The dollar will no longer be heavily suppressed, and will return with an increase in the TCMB gross reserves at every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60
For ounce gold, all the scenarios we have mentioned since the beginning of the week have come true. With the support of the 10-year treasury yield falling below 4%, ounce gold recorded pricing dominated by the desire to rise. We are following the 2003-2013 region, which is currently supported by the 34-period exponential moving average (2004). If upward pricing continues, prices towards the 2038 and 2050 levels can be observed. If the 2003-2013 region is tested, prices towards the 1993 and 1985 levels can be observed. Support: 2013-2003 Resistance: 2038-2050
Oil prices recovered after the US Energy Information Administration announced a 4.3 million barrel decrease in stocks. As long as pricing remains above the 69.00-69.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 70.50 and 71.00 levels may be targeted. In possible decreases, as long as the 69.00-69.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 69.00 and hourly closings for the continuation of the downward desire. In this case, 68.50 and 68.00 levels may come to the agenda. Support: 69.00 Resistance: 71.00
Oil prices recovered after the US Energy Information Administration announced a 4.3 million barrel decrease in stocks. In the upcoming period, as long as pricing remains above the 73.50 - 74.00 support, 75.00 and 75.50 levels can be targeted in possible increases. In possible decreases, as long as the 73.50 - 74.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 73.50 and hourly closings for the continuation of the decrease desire. In this case, 73.00 and 72.50 levels may come to the agenda. Support: 73.50 Resistance: 75.50
The Fed kept interest rates steady in line with market expectations. Powell's statements were found dovish by the market. While US stock markets reached peak levels, the Nasdaq index rose 200 points and closed the day at 14733, with a 1.3% premium. As long as the Nasdaq index remains above the 16430 - 16555 region in the short term, positive expectations stand out. In increases, the 17000 - 17100 levels can be followed as resistance. Alternatively, in downward corrections from the peak levels, the index should fall below the 16430 - 16555 range and in closing below the range, the 16300 - 16200 levels can be followed as support. Support: 16430 - 16555 Resistance: 17000 - 17100
The day we left behind, the Fed kept interest rates unchanged, while the European Central Bank's interest rate decision to be announced today, the DAX index is moving above the 16900 resistance. As long as the DAX index moves above the 16725 - 16860 region in the 8-period Envelopes indicator, positive expectations are at the forefront. In increases, 17300 - 17500 levels can be monitored as short-term resistance levels. In pullbacks, 16660 - 16470 will be monitored as short-term support levels. Support: 17300 - 17500 Resistance: 16660 - 16470
The pricing we thought for BTC came true one by one. First, we had conveyed that it would gain positive momentum after the correction and then the FED Decisions. Now we expect a more balanced closing week. The 42000 support is now very important. If this is broken, a drop to 40500 can be expected. In possible increases, the first target will now be 44500. Support: 42000 Resistance: 44500
We are leaving behind critical central banks such as the Fed, ECB and BoE for EURUSD. While EURUSD is reaching the psychological 1.10 level again, when we evaluate the parity, the 55-period average (1.0950) is important but it may want to continue its pressure from here. With this in mind, a decline towards the supports of 1.0815, primarily 1.0785 - 1.0965 can be observed. In possible increases, a new expectation may be formed towards the channel intersection region of 1.1005 - 1.1050. Support: 1.0785 - 1.0965 Resistance: 1.1005 - 1.1050
The GBPUSD parity has shown a weekly 2% increase thanks to the negative pricing reaction we have observed in the Dollar Index. The 34-period exponential moving average (1.2615 region) is now a support in the parity. With this in mind, pricing can be monitored towards the 1.2782 and 1.2825 - 1.2875 barriers. We will be monitoring 1.2730-1.2665 in possible pullbacks. Support: 1.2580 Resistance: 1.2665
USDJPY Parity Started the Day Negatively with the Loss of the Dollar Index. Since the global front left critical developments behind, it may take on a holiday preparation psychology. As we close the week, the leading PMI data for the Manufacturing and Services sectors may also be important for market pricing behavior before this preparation. . Japanese Yen is priced below the 200-day average. If the day closes below 142.240, the downtrend is expected to continue. If the decline continues, it is expected to reach 139.689. Support: 140.982 Resistance: 142.240
USDTRY In a morning when developing country currencies are diverging against the US Dollar, the Turkish Lira is on the weak side of the list with a performance of 0.15 percent, while the USDTRY is currently trading close to 29.00 on the fourth trading day of the week. Our year-end closing target is 29.60, and we think that we will see a dollar exchange rate that has exceeded 30 TL and is now sitting above 30 as of January. The dollar will no longer be heavily suppressed, and will return with an increase in TCMB gross reserves with every decline. Support: 28.48 – 28.30 Resistance: 29.00 – 29.60
With the effect of the US 10-year Treasury yield limiting its declines around 3.95%, ounce gold has displayed an outlook that suppresses its increases. Technically, we are following the 2013-2021 region, which is currently supported by the 34-period exponential moving average (2014). If upward pricing continues, 2038 and 2050 If the 2013-2021 region is tested, pricing towards the 2003 and 1993 levels can be observed. Support: 2021-2013 Resistance: 2038-2050
Oil prices continued to receive support from interest rate cut expectations that gained weight after the Fed and maintained their course above averages. The course of European and US stock markets and PMI data from Europe and the US can be followed during the day. As long as pricing remains above the 71.00 - 71.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 72.50 and 73.00 levels can be targeted. In possible decreases, as long as the 71.00 - 71.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 71.00 and hourly closings for the continuation of the decrease desire. In this case, 70.50 and 70.00 levels may come to the agenda.
Oil prices continued to receive support from interest rate cut expectations that gained weight after the Fed. PMI data from Europe and the US can be followed during the day. In the upcoming process, as long as pricing remains above the 75.50 - 76.00 support, an upward outlook may be at the forefront. In possible increases, 77.50 and 78.00 levels may be targeted. In possible decreases, as long as the 75.50 - 76.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the decrease desire. In this case, 75.00 and 74.50 levels may be on the agenda. Support: 74.50 Resistance: 77.50
The retail sales and unemployment benefit application data released the other day supported the Fed's soft landing scenario, while the Nasdaq tested its highest levels in the last two years. Intraday US Manufacturing - Services PMI data can be followed due to its impact on the index. Positive expectations for the Nasdaq index come to the fore as long as it moves above the 16555 - 16650 region in the short term. In increases, the 16900 - 17000 levels can be followed as resistance. Alternatively, in the downward corrections of the index from the peak levels, if it falls below the 16555 - 16650 range and closes below the range, the 16430 - 16300 levels can be followed as support. Support: 16650 - 16555 Resistance: 16900 - 17000
On Thursday, when the ECB left interest rates unchanged, Lagarde made a hawkish tone, allowing the EURO to appreciate, while the DAX index was suppressed below the 17200 resistance. Eurozone and German PMI data will be monitored for index movements during the day. As long as the DAX index moves within the 16900 - 17045 region with the movement in the 8-period Envelopes indicator, the 17300 - 17400 levels can be targeted with the break of the 17200 psychological resistance. With the continuation of the movement under the 16900 support, 16726 - 16600 will be monitored as short-term support levels. In declines, it is expected that the sales will gain momentum with the index breaking the 16716 support downwards. Support: 16726 - 16600 Resistance: 16900 - 17045
The pricing we thought for BTC came true one by one. First, we had conveyed that it would gain positive momentum after the correction and then the FED Decisions. Now we expect a more balanced closing week. The 42000 support is now very important. If this is broken, a drop to 40500 can be expected. In possible increases, the first target will now be 44500. Support: 42000 Resistance: 44500
There is a thought that after leaving critical central banks such as the Fed, ECB and BoE behind for EURUSD, there may be a psychological comfort of reaching the last part of the year. When we evaluate the EURUSD parity in the short term, the 1.0850 - 1.0860 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this thought, pricing can be monitored towards the 1.0930, 1.0965 and 1.1008 barriers. In the possible reaction thought, the 55-period average is the main support, but it should not be forgotten that positive expectation optimism will continue as long as we do not observe a dramatic pricing. Support: 1.0850 - 1.0805 Resistance: 1.0965 - 1.1008
This week, our main focus for the GBPUSD pair is the 3rd quarter Final Growth from the US and especially the PCE Deflator, the Final CPI from the Euro Zone, the CPI and the 3rd quarter Growth data from the UK. The 34-period exponential moving average (1.2648 region) is now a support for the pair. With this in mind, pricing can be monitored towards the 1.2730 and 1.2782 - 1.2825 barriers. We will be monitoring 1.2630- 1.2565 in possible pullbacks. Support: 1.2565 Resistance: 1.2782
USDJPY Parity Started the Week Positive with the Dollar Index Starting Positive. Since the global front left critical developments behind, it may take on a holiday preparation psychology. Japanese Yen is priced below the 200-day average. If the day closes above 142,240, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 140.982. Support: 140,982 Resistance: 143,540
USDTRY approached the market value with the policy rate being 40%. The level we have been saying for the dollar value for 5-6 months is 29.60. We will probably close the year at this level. The main issue here is that the Central Bank is also approaching steps to reduce the rate of interest rate increases. This may trigger the dollar to rise again sharply after March. I think the last high interest rate increase was at this meeting. A 250 basis point increase will come this week. They will close this process with 45% with 150 increases in January and 100 increases in February. Support: 28.85 – 28.30 Resistance: 29.20 – 29.60
For ONS Gold This week, we expect the Dollar index to rise and Gold to retreat to 1995. It needs to get approval for an upward movement from here. While ONS gets this approval, DXY should start selling after the upward reaction of 103,150, and ONS should rise to the 2040 region. Technically, we are following the 2013 - 2021 region, which is currently supported by the 34-period exponential moving average (2014). If upward pricing continues, 2038 and 2050 If the 2013 - 2021 region is tested, pricing towards the 2003 and 1993 levels can be observed. Support: 2021-2013 Resistance: 2038-2050
Oil prices started the week by maintaining the gains they made last week, along with the increasing tension in the Red Sea. The course of European and US stock markets can be followed during the day. In the upcoming period, as long as the prices remain at and above the 71.50 - 72.00 support, an upward outlook may be at the forefront. In possible increases, 72.50 and 73.00 levels can be targeted. In possible decreases, as long as the 71.50 - 72.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 71.50 and hourly closings for the continuation of the downward desire. In this case, the 71.00 and 70.50 levels may come to the agenda. Support: 71.50 Resistance: 73.00
Oil prices, increasing tension in the Red Sea, while commercial ships have been under attack for a while, news that fourteen of the UAVs belonging to the Yemeni Houthis carrying out the attacks were shot down by the US was reflected in the press. As long as the prices remain at and above the 76.00 - 76.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 77.50 and 78.00 levels may be targeted. In possible decreases, as long as the 76.00 - 76.50 support remains current, a new upward potential may occur. Therefore, it may be necessary to see the course below 76.00 and hourly closings for the continuation of the downward desire. In this case, the 75.50 and 75.00 levels may come to the agenda. Support: 76.50 Resistance: 78.00
The Nasdaq index futures, which managed to carry its gains to the seventh week due to the dovish tone of statements made by Fed Chairman Powell after the interest rate decision last week, opened the week, which we will follow the PCE and growth expectations that the Fed follows for inflation estimates, at 16831. As long as the Nasdaq index moves above the 16650 - 16740 region in the short term, positive expectations come to the fore. In increases, the 16900 - 17000 levels can be followed as resistance. Alternatively, in corrections that the index will make from the peak levels downward, it can be followed as support if it falls below the 16650 - 16740 range and closes below the range, the 16555 - 16430 levels can be followed. Support: 16555 - 16430 Resistance: 16900 - 17000
For Dax, a downward correction from peak levels with ECB President Lagarde's hawkish statements compared to US central bank President Powell last week. The DAX index, which opened the new week at 16916, is at the forefront as long as it moves within the 16900 - 17045 region with support from the 34-period average. The index may need to close above 17045 for positive expectations. With the breakdown of the 17200 psychological resistance, 17300 - 17400 levels can be targeted. With the continuation of the movement under the 16900 support, 16726 - 16600 will be followed as short-term support levels. In declines, sales can be expected to gain momentum with the index breaking the 16726 support downwards. . Support: 16726 - 16600 Resistance: 16900 - 17045
It was a week that started with sales for BTC. Despite breaking the support zone 41000 downwards, it rose above 41000 again. The parity continues above the 200-day average in technical terms, but it is constantly trying to reach the breakout points. This shows us that it can break the big support 40000. If this happens, there is no other strong support until 38500. The biggest resistance in a possible upward movement is currently at 42600. Support: 40000 Resistance: 42600
The remaining days of the week for EURUSD will examine macroeconomic developments to answer the question of whether it is a trend rally or a reaction sale. With this in mind, while examining the new week dynamics, the 3rd quarter Final Growth from the US and especially the PCE Deflator, and the Final CPI from the Eurozone are our main focus. When we evaluate the EURUSD parity in the short term, the 1.0850 - 1.0872 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.0930, 1.0965 and 1.1008. In the possible reaction thought, the 55-period average is the main support, but it should not be forgotten that positive expectation optimism will continue as long as we do not observe a dramatic pricing. Support: 1.0850 - 1.0805 Resistance: 1.0965 - 1.1008
EURUSD and GBPUSD pairs have created a calm but different pricing performance during the day. Especially GBPUSD is struggling significantly in terms of reaction. CPI and 3rd quarter Growth data from the UK will be our main focus. When we look at today, Final CPI from the Euro Zone, Building Permits and Housing Starts from the US are included. The 200-period average in the pair (1.2520 area) is now a support. With this thought, pricing can be monitored towards the 1.2730 - 1.2782 barriers, especially 1.2665. We will be monitoring 1.2630-1.2565 in possible pullbacks. Support: 1.2565 Resistance: 1.2782
USDJPY The Bank of Japan (BOJ), the world's last central bank to implement negative interest rates, maintained this stance. The bank left its policy rate unchanged at minus 0.1 percent. The BOJ decision did not include any verbal guidance that negative interest rates would be discontinued next year. As a result, the Japanese Yen, which continued to rise, reached the resistance zone we gave yesterday and is pricing above the 200-day average again. If the day's closing is above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 144.660
USDTRY On the day when emerging market currencies diverge against the US Dollar, the Turkish Lira is on the neutral side, while the USDTRY is currently trading close to 29.05 on the second trading day of the week. When we evaluate the USDTRY exchange rate technically, the 28.75 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 29.07, 29.15 and 29.25. Permanent movements above 29.33 may strengthen the idea of a possible increase. Otherwise, pressure can be observed towards the lower point of the 1st Envelope indicator. It should not be forgotten that unless there is a new development that will strengthen the TL side in such a pressure, the declines may remain limited and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.64) are on the agenda. Support: 28.85 – 28.30 Resistance: 29.20 – 29.60
ONS Gold US 10-year Treasury yield moving towards 3.95% recorded an outlook that suppressed their recovery. Construction permits and FOMC member Barkin's speech can be followed during the day due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2012 - 2030 region, which is currently supported by the 34-period exponential moving average (2019). As the precious metal forms within the 2012 - 2030 region, permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In order for the negative expectation to come to the fore, it may be necessary to remain below the 2012 level. In possible declines, the 2003 and 1993 levels may be encountered. Support: 2021-2013 Resistance: 2038-2050
Oil prices had made an effective increase yesterday after companies avoided shipping from the region after the attacks on commercial ships in the Red Sea. We saw that oil prices, which increased by around 2%, were subject to profit sales afterwards. The US announced a new naval force to ensure security in the region. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 72.00 - 72.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 73.50 and 74.00 levels can be targeted. In possible decreases, as long as the 72.00 - 72.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 72.00 and hourly closings for the continuation of the downward desire. In this case, 71.50 and 71.00 levels may come to the agenda. Support: 71.50 Resistance: 73.50
Oil prices had made an effective increase yesterday after companies avoided shipping from the region after the attacks on commercial ships in the Red Sea. We saw that oil prices, which increased by around 2%, were subject to profit sales afterwards. The US announced a new naval force to ensure security in the region. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 77.00 - 77.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 78.50 and 79.00 levels can be targeted. In possible decreases, as long as the 77.00 - 77.50 support remains current, a new increase potential may occur. Therefore, it may be necessary to see the course below 77.00 and hourly closings for the continuation of the downward desire. In this case, the 76.50 and 76.00 levels may come to the agenda. Support: 77.00 Resistance: 79.00
Despite the hawkish tone of the FOMC members' statements the other day, the Nasdaq index managed to close in positive territory, although it has lost momentum since the beginning of the week. The Nasdaq index futures, which were pressured by the nearly 1% pullback in Apple sentiment yesterday, started the second trading day of the week with a sell-off. The course of the US and European stock markets can be followed during the day for the index, which is moving close to the 16920 level while the analysis is being prepared. As long as the Nasdaq index moves above the 16740 - 16900 region in the short term, positive expectations come to the fore. In increases, the 17000 - 17100 levels can be followed as resistance. Alternatively, in downward corrections from the peak levels, the index can be followed as support if it falls below the 16740 - 16900 range and closes below the range, the 166650 - 16555 levels can be followed. Support: 16650 - 16555 Resistance: 17000 - 17100
The Dax index was among the indexes that lost the most value among other European indexes with a pullback of nearly 1% in the last session. The course of ADB and European stock exchanges can be followed during the day for the index, which fell below short-term averages on the second trading day of the week. As long as it moves within the 16900 - 17045 region with support from the 34-period average, the decision-making stage scenario is at the forefront. For positive expectations, the index may need to close above 17045. With the break of the 17200 psychological resistance, 17300 - 17400 levels can be targeted. With the continuation of the movement under the 16900 support, 16726 - 16600 will be followed as short-term support levels. In declines, it can be expected that sales will gain momentum with the index breaking the 16726 support downwards. . Support: 16726 - 16600 Resistance: 16900 - 17045
Btc left it to recover in the form of sales last Monday evening. Although it broke the support area 40500 downwards, it rose above 42000 again. The parity continues above the 200-day average in technical terms, but it is constantly trying to reach the breaking points, this shows us that it can break the big support 40000, if this happens, there is no other strong support until 38500. The biggest resistance in a possible upward movement is currently at 43600. Support: 40500 Resistance: 43600
For EURUSD, after the Euro Zone Final CPI of 2.4% yesterday, our main focus continues to be the US PCE Deflator on Friday. Today, we will follow the Conference Board (CB) Consumer Confidence data from the US. When we evaluate the EURUSD parity in the short term, the 1.0870 - 1.0890 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the 1.1008, 1.1050 and 1.1090 barriers. In the possible reaction thought, the 55-period average is the main support, but it should not be forgotten that positive expectation optimism will continue as long as we do not observe a dramatic pricing. Support: 1.0850 - 1.0805 Resistance: 1.1050 - 1.1090
GBPUSD pairs are following a profile that continues to adapt to their short-term positive outlook after the recent declines. Today, while we are following the November inflation data results from the UK, our main focus continues to be the US PCE Deflator on Friday. When we evaluate the GBPUSD pair in the short term, the 1.2520 - 1.2560 region where the 200-period average is located is important, and the pair may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the 1.2730, 1.2782 and 1.2825 barriers. In the event of a possible reaction, the 200-period average is the main support, and as long as we do not observe a dramatic pricing, it continues positive. Support: 1.25650 Resistance: 1.27820
USDJPY The Bank of Japan (BOJ), the world's last central bank to implement negative interest rates, maintained this stance. The bank left its policy rate unchanged at minus 0.1 percent. The BOJ decision did not include any verbal guidance that negative interest rates would be discontinued next year. In an environment where markets are in a holiday mood before the Christmas holiday but pricing reactions continue, we will follow today's data with the Conference Board (CB) Consumer Confidence data from the US. With the effect of this, the Japanese Yen, which continues to rise, reached the resistance zone we gave yesterday and is pricing above the 200-day average again. If the day closes above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 144.660
The emerging country currencies are separated against the US Dollar. While the Turkish Lira is on the neutral side of the list with a 0.00 percent performance, USDTRY is currently trading close to 29.09 on the third trading day of the week. When we evaluate the USDTRY exchange rate technically, the 28.79 level representing the 1st Envelope (red) indicator is important, and the exchange rate may want to continue its positive outlook on the relevant region. With this in mind, an increase can be observed towards the levels of 29.12, 29.20 and 29.30. Permanent movements above 29.36 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.66) occupy the agenda. Support: 28.85 – 28.30 Resistance: 29.20 – 29.60
The fact that the ONS Gold Dollar Index continues to move below the 102.00 - 102.35 region and the US 10-year bond interest rate continues below the 4.00 - 4.05 region highlights the expectation that the ONS Gold will accept the 2012 - 2021 region as the bottom and continue to rise above the 13 and 34-period average. While optimism about the precious metal continues ahead of Friday's critical US PCE Deflator data, we will follow the 2042 - 2052 region and intraday macro-economic developments to see whether this optimism is confirmed. If the precious metal can exceed the relevant region, the desire for an increase may become even stronger, and with this thought, a new rally towards the 2090 dollar level may be observed. Otherwise, a slight compression may be observed between 2052 - 2012. It should not be forgotten that in such a compression, positive expectations continue as long as we remain above the 2012 - 2021 region. Therefore, in order for our current scenario to be considered invalid, the condition of permanence under the lower region must be sought. However, in the event of such a change, pressure towards the 1969 - 1977 bottom region can be observed. Support: 2021-2012 Resistance: 2042-2052
Oil prices followed a calm course in the Asian session after rising due to shipment disruptions caused by attacks in the Red Sea. While markets are trying to digest the risk, the American Petroleum Institute announced an increase of around 940 thousand barrels in stocks. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 73.00 - 73.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 74.50 and 75.00 levels can be targeted. In possible decreases, as long as the 73.00 - 73.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 73.00 and hourly closings for the continuation of the downward desire. In this case, 72.50 and 72.00 levels may come to the agenda. Support: 73.50 Resistance: 75.00
Oil prices followed a calm course in the Asian session after rising due to shipment disruptions caused by attacks in the Red Sea. While markets are trying to digest the risk, the American Petroleum Institute announced an increase of around 940 thousand barrels in stocks. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 78.00 - 78.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 79.50 and 80.00 levels can be targeted. In possible decreases, as long as the 78.00 - 78.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 78.00 and hourly closings for the continuation of the downward desire. In this case, 77.50 and 77.00 levels may be on the agenda. Support: 78.50 Resistance: 80.00
For NDXUSD The statements of Fed member Barkin increased the interest rate optimism in the market and allowed us to see new peaks in the Nasdaq index. The Nasdaq futures contract, which opened at 17022 in the middle of the week, is moving close to 17033 while the analysis is being prepared. As long as the Nasdaq index moves above the 16740 - 16900 region in the short term, positive expectations come to the fore. In increases, 17100 - 17200 levels can be followed as resistance. Alternatively, in corrections that the index will make from the peak levels downward, it can fall below the 16740 - 16900 range and in closing below the range, 16650 - 16555 levels can be followed as support. Support: 16750 - 16655 Resistance: 17100 - 17200
Dax index The DAX index, which recorded a 0.6% increase in parallel with the optimism in the US stock markets the other day, can be followed for the index movements of the US and European stock markets during the day. As long as the DAX index moves within 16900 - 17045 with support from the 34-period average, the decision-making stage scenario is at the forefront. For positive expectations, the index may need to close above 17045. With the break of the 17200 psychological resistance, 17300 - 17400 levels can be targeted. With the continuation of the movement under the 16900 support, 16726 - 16600 will be followed as short-term support levels. In declines, it can be expected that sales will gain momentum with the index breaking the 16726 support downwards. Support: 16726 - 16600 Resistance: 16900 - 17045
Btc continues to move sideways. Despite breaking the support zone 41800 downwards yesterday, it rose above 42700 again. The parity continues above the 200-day average in technical terms, but is constantly trying to reach the breakout points, and the possible big correction has not yet come. We expect it to move in this manner until January 10, and to make its real big move when the ETF Ends. The biggest resistance in a possible upward movement is currently at 43600. Support: 41800 Resistance: 43600
While the optimism in the markets continues for EURUSD before the Christmas holiday, the US PCE Deflator data on Friday will be the most important agenda item of the week, and today the Final Growth and Unemployment Benefit Applications from the US can be followed. When we evaluate the EURUSD parity in the short term, the 1.0890 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the 1.1008 and 1.1050 barriers, especially 1.0965. In the possible reaction idea, the 55-period average is the main support, and it should not be forgotten that as long as we do not observe a dramatic pricing, it will continue positively, but permanent movements below the average are needed for the current scenario to be considered invalid. However, under this condition, a new pressure towards the 1.0715 – 1.0755 bottom region can be observed. Support: 1.0890 – 1.0855 Resistance: 1.1050 – 1.1090
GBPUSD parity The inflation data below expectations in the UK and the revision of the first discount date to May on the BoE front caused an intraday price divergence between the Euro and the Sterling. When we evaluate the GBPUSD parity in the short term, the 1.2520 - 1.2560 region where the 200-period average is located is important, but the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2665, 1.2730 and 1.2782. In particular, permanent movements above the 34-period average of 1.2665 may allow the trend-oriented view to continue, and in case of pressure, the reaction idea to remain in the foreground. In light of the inflation data below expectations and recent movements, the reaction idea is in the foreground. However, it should not be forgotten that the outlook on the main average is positive. Support: 1.25650 Resistance: 1.27300
For USDJPY parity, the Dollar Index is in the 102.00 - 102.35 zone, while the US 10-year bond interest rate continues to move below the 4.00 - 4.05 zone. While the optimism in the markets continues before the Christmas holiday, the US PCE Deflator data on Friday will be the most important agenda item of the week, and today the Final Growth and Unemployment Benefit Applications from the US can be followed. The Japanese Yen, which was in a bit of a selling process yesterday, reached the support area we gave yesterday, received a reaction and is pricing above the 200-day average again. If the day closes above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 144.660
Today, our main focus will be the Central Bank of the Republic of Turkey, TCMB. While the actions it has taken to combat inflation after the election are drawing attention, it is expected that the 1-week repo interest rate, which is 40.00 percent, will increase by 250 basis points in this meeting regarding the continuity of the struggle. As the GCM Investment Research Department, we also think that it will complete the year at 42.50 percent with the interest rate increase in line with the market median expectation. Since it is a known development that a result parallel to the expectation will come, sharp changes in the market pricing reaction should not be expected. When we evaluate the USDTRY exchange rate technically, the 28.83 level is important, but it may want to continue its positive outlook. With this thought, an increase can be observed towards the levels of 29.15, 29.25 and 29.35. Permanent movements above 29.40 may strengthen the upward trend. Otherwise, pressure can be observed. We may see (28.66) in such a pressure. Support: 28.95 – 28.66 Resistance: 29.25 – 29.40
It highlights the expectation that the ounce of gold will accept the 2012-2021 region as the bottom and continue to rise above the 13-34 period average. While optimism for the precious metal continues before the critical US PCE Deflator data on Friday, we will follow the 2042-2052 region and intraday macro-economic developments to see whether this optimism is confirmed. In today's calendar, the Final Growth and Unemployment Rights Applications from the US can be followed for the precious metal. If the precious metal can exceed the relevant region, the desire for an increase may become even stronger, and with this thought, a new rally towards the $2090 level can be observed. Otherwise, a slight compression may be observed between 2052-2012. It should not be forgotten that positive expectations continue as long as we remain above the 2012-2021 region in such a compression. In that case, in order for our current scenario to be considered invalid, a condition of permanence below the lower region must definitely be sought. However, in the event of such a change, pressure towards the 1969-1977 bottom region can be observed. Support: 2021-2012 Resistance: 2042-2052
Following the disruption of Red Sea shipments and the fact that some ships began to prefer longer routes, rising oil prices were subject to profit taking again yesterday, testing the limit of the trend we have indicated in the chart. The US Energy Information Administration's announcement of a 2.9 million barrel increase in stocks also supported this picture. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. In the upcoming period, pricing and hourly closings that may occur outside the 73.50 - 74.00 region where the averages are concentrated may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 74.00. In this case, the levels of 74.50 and 75.00 can be targeted. In possible declines, the attitude of the 73.50 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the levels of 73.00 and 72.50 to the agenda. Support: 73.50 Resistance: 75.00
Following the disruption of Red Sea shipments and the fact that some ships began to prefer longer routes, rising oil prices were subject to profit taking again yesterday, testing the limit of the trend we have indicated in the chart. The US Energy Information Administration's announcement of a 2.9 million barrel increase in stocks also supported this picture. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. In the upcoming period, pricing and hourly closings that may occur outside the 79.00 - 79.50 region where the averages are concentrated may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 79.50. In this case, the levels of 80.00 and 80.50 can be targeted. In possible declines, the attitude of the 79.00 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the levels of 78.50 and 78.00 to the agenda. Support: 78.50 Resistance: 80.50
For NDXUSD The day before, we saw a return from peak levels in US stock markets as optimism about the Fed's interest rate policy reached saturation. While Nasdaq fell by 1.5% along with the other indicator index S&P500, a limited recovery is observed in the futures contract today. The index, which is close to the 16830 level while the analysis is being prepared, can be followed due to the possible effects of US growth data during the day. While the Nasdaq index is following its pricing behaviors outside the 16740 - 16900 region in the short term, the decision-making stage scenario within the region is at the forefront. Positive expectations may come to the fore with the index breaking the 16900 resistance again and moving above the 20-period average. In increases, 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downwards, it can be followed as support with falling below the 16740 support and closing below the level, and 16600 - 16555 levels. Support: 16550 - 16455 Resistance: 16750 - 16880
Dax index The day before, retreats were observed in European stock markets parallel to the selling pressure in the US stock markets. While the FTSE100 positively diverged with the declining UK inflation, the German industrial average DAX broke the 16800 support downwards. The course of the US and European stock markets can be followed for index movements during the day. As long as the DAX index moves below the 16800 - 16945 region with support from the 34-period average, negative expectations are at the forefront. If the movement continues below the 16800 support, 16626 - 16500 will be followed as short-term support levels. In declines, sales can be expected to gain momentum with the index breaking the 16626 support downwards. For positive expectations, the index may need to close above the 16945 level. With the break of the 17100 psychological resistance, 17200 - 17300 levels can be targeted. Support: 16626 - 16500 Resistance: 16800 - 16945
ETF News for Btc Continues to Come The market is now completely focused on the SEC and BLACKROCK Meeting. The SEC may announce its decision in a short time. If the decision is positive, we can expect a 10,000 USD increase in a single candle, but it should not be forgotten that this will be short-term because the news is already priced in. Although it broke the resistance zone 44,000 upwards yesterday, it returned to the 43,500 area again. The parity continues above the 200-day average in technical terms. We expect it to move in this way until January 10 and make its real big move when the ETF is finalized. The biggest resistance in a possible upward movement is currently at 44,600. Support: 42,800 Resistance: 44,600
While we are looking for an answer to the question of whether there will be Christmas holiday complacency in the markets today for EURUSD, we will meet the most important data of the week, the PCE Deflator data from the USA. Since it is an indicator that the Fed closely follows, we can see instant pricing. When we evaluate the EURUSD parity in the short term, the 1.0930 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be observed towards the barriers of 1.1010, 1.1050 and 1.1090. In the possible reaction thought, the 55-period average is the main support, while a new pressure can be observed towards the 1.0890 - 1.0855 bottom region. Support: 1.0890 - 1.0855 Resistance: 1.1050 - 1.1090
The most important data of the week for the GBPUSD pair will be the PCE Deflator data from the US. Since it is an indicator that the Fed closely follows, the instant pricing reaction may occupy our agenda. In the UK, the 3rd quarter growth data can be followed for the GBPUSD pair before the US PCE data. When we evaluate the GBPUSD pair in the short term, the 1.2545 - 1.2560 region where the 200-period average is located is important, but the pair may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2730, 1.2722 and 1.2825, and in case of pressure, it may focus on the reaction idea above 1.2650. Support: 1.25650 Resistance: 1.27300
Before the important data for USDJPY Parity, the Dollar Index continues to move below the 102.00 - 102.35 zone, while the US 10-year bond interest rate continues to move below the 4.00 - 4.05 zone. While looking for an answer to the question of whether there will be Christmas holiday complacency in the markets today, we will meet the most important data of the week, the PCE Deflator data from the US. Since it is an indicator that the Fed closely follows, instant pricing reaction may occupy our agenda. The Japanese Yen, which was in a bit of a selling process yesterday, reached the support area we gave yesterday, received a reaction and is pricing above the 200-day average again. If the day closes above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 144.660
In a morning when developing country currencies diverge against the US Dollar, the Turkish Lira is on the weak side of the list with a performance of 0.13 percent. When we evaluate the USDTRY exchange rate in the short term, the level of 28.85 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 29.25, 29.32 and 29.40 can be observed. In particular, permanent movements above 29.43 can strengthen the idea of a possible increase. Otherwise, pressure can be observed towards the lower point of the 1st Envelope indicator. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.71) occupy the agenda. Support: 28.95 – 28.66 Resistance: 29.25 – 29.40
When we evaluate the short-term price of ounce gold, the 2029 region, where the 34-period average is located, is important, but the precious metal may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the 2052, 2061 and 2070 barriers. In particular, the reaction to be given at the 2052 level should be followed in the short term in answering the question of whether it will be a reaction sale or a trend rally. In the possible reaction idea, the 34-period average is the main support, but it should not be forgotten that permanent movements below the average are needed for the current scenario to be considered invalid, although it will continue positively as long as we do not observe a dramatic pricing. However, with this condition, a new pressure can be monitored towards the 1969 - 1977 bottom region. Support: 2031-2022 Resistance: 2052-2088
After Angola announced its decision to leave OPEC yesterday, oil prices fell, and we watched the decline return to an increase after receiving support from the exponential moving average of 20 in the daily period and 200 in the hourly period. The course of European and US stock markets and US PCE inflation data can be followed during the day. As long as pricing remains at and above the 73.50 - 74.00 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 75.00 and 75.50 levels can be targeted. In possible decreases, as long as the 73.50 - 74.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 73.50 and hourly closings for the continuation of the downward desire. In this case, the 73.00 and 72.50 levels may come to the agenda. Support: 73.50 Resistance: 75.00
Following Angola's decision to leave OPEC yesterday, oil prices fell, and in addition to the Red Sea agenda, news flow in China that major banks had lowered deposit rates positively affected risk appetite and contributed to the recovery. The course of European and US stock markets and US PCE inflation data can be followed during the day. As long as pricing remains at and above the 79.00 - 79.50 support level, an upward outlook may be at the forefront. In possible increases, 80.50 and 81.00 levels may be targeted. In possible decreases, as long as the 79.00 - 79.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 79.00 and hourly closings for the continuation of the downward desire. In this case, the 78.50 and 78.00 levels may be on the agenda. Support: 78.50 Resistance: 80.50
For NDXUSD On the last trading day of the week, the PCE data that the Fed follows as an inflation indicator will be announced, and volatility may increase due to the decrease in volume due to Christmas at the beginning of next week. While the Nasdaq index is following its pricing behaviors outside the 16740 - 16900 region in the short term, the decision-making stage scenario is at the forefront within the region. Positive expectations may come to the fore with the index breaking the 16900 resistance again and moving above the 20-period average. In increases, 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downwards, it can be followed as support by falling below the 16740 support and closing below the level, and 16650 - 16555 levels. Support: 16650 - 16580 Resistance: 16810 - 16980
The Dax index began the last trading day of the week at 16740, suppressing the downward momentum as the US stock markets recovered after the sharp pullback the previous day. The DAX index, which will be released as the Fed's inflation indicator during the day, is expected to be negative as long as it moves below the 16700 - 16945 region with support from the 34-period average. If the movement continues below the 16700 support, 16526 - 16400 will be followed as short-term support levels. In declines, it is expected that sales will gain momentum as the index breaks the 16526 support downward. For positive expectations, the index may need to close above the 16945 level. The 17100 - 17300 levels can be targeted with the break of the 17000 psychological resistance. Support: 16626 - 16500 Resistance: 16800 - 16945
ETF News for Btc Continues to Come The market is now completely focused on the SEC and BLACKROCK Meeting. The SEC may announce its decision in a short time. If the decision is positive, we can expect a 10,000 USD increase in a single candle, but it should not be forgotten that this will be short-term because the news is already priced in. Yesterday, the resistance zone broke 44,000 upwards and is now starting to become permanent. In technical terms, the parity continues above the 200-day average until January 10, we expect it to move in this way and make its real big move when the ETF is finalized. The biggest resistance in a possible upward movement is currently at 45,100. Support: 43,400 Resistance: 45,100
Although we start today due to the Christmas holiday, a week where we will end 2023 for EURUSD and the New Year holiday psychology will be at the forefront, it should not be forgotten that indices and stocks will not be traded in Europe due to the Christmas holiday. When we evaluate the EURUSD parity in the short term, the 1.0965 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.1050, 1.1090 and 1.1145. In the event of a possible reaction, the 55-period average is the main support, while a new pressure can be monitored towards the 1.0930 - 1.0890 bottom region. Support: 1.0930 - 1.0890 Resistance: 1.1090 - 1.1145
For the GBPUSD parity, the Richmond Manufacturing Index, Unemployment Claims and the Chicago Purchasing Managers Index from the US are being followed throughout the week, but the current news should not be expected to have a strong impact on the Dollar Index due to the New Year's holiday psychology. When we evaluate the GBPUSD parity in the short term, the 1.2560 region where the 200-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2730, 1.2722 and 1.2825, and in case of pressure, it may focus its reaction idea on 1.2650. Support: 1.26500 Resistance: 1.27300
For the USDJPY pair, although we are starting a week today due to the Christmas holiday where we will end 2023 and the New Year's holiday psychology will be at the forefront, it should not be forgotten that the index and stocks will not be traded in Europe due to the Christmas holiday. While the Richmond Manufacturing Index, Unemployment Claims and Chicago Purchasing Managers Index are followed throughout the week, it should not be expected that the current news will have a strong impact on the Dollar Index due to the New Year's holiday psychology. The Japanese Yen, which started the week in the selling process, is pricing above its 200-day average again. If the day closes above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 143.540
We have now come to the end of the year for USDTRY. We had views that we would close the year at the expected level of 29.60. It rose to 29.30. We think that they will keep the exchange rate at this level until the minimum wage is announced. We expect it to complete its last rise movement and reach 29.60 with the announcement of the minimum wage this week. After the minimum wage is determined as of 2024, it will rise and settle above 30. Considering that the minimum wage has risen to between 550-570 dollars, it seems normal for the dollar to reach 36-38 by July. Support: 29.10 - 28.90 Resistance: 29.40 - 29.60
For ounce gold, the US 10-year treasury bond yield has recovered slightly, again falling below 3.90%. When we technically evaluate short-term gold ounce pricing, we are following the 2040 - 2052 region, which is currently supported by the 34-period exponential moving average (2040). As long as the precious metal suppresses the pullback desire in the 2040 - 2052 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2070 and 2080 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2040 - 2052 region. In this case, the 2030 and 2021 levels may be encountered in possible declines. Support: 2052-2040 Resistance: 2070-2080
After the Christmas holiday, the markets entered the last week of the year, and oil prices saw limited pressure on the day they started with an increase. The trade tensions that were disrupted in the Red Sea are still high. The course of the US stock markets can be followed during the day. As long as the pricing remains below the 74.00 resistance in the upcoming period, a downward view may be at the forefront. In possible declines, the levels of 73.00 and 72.50 may be targeted. In this process, the attitude of the 73.00 region, which is supported by the 200-period exponential moving average, should be followed carefully. As long as the 74.00 resistance remains current in possible recoveries, a new downward potential may occur. Therefore, it may be necessary to see the course above 74.00 and hourly closings for the continuation of the upward desire. In this case, the levels of 74.50 and 75.00 may come to the agenda. Support: 73.00 Resistance: 75.00
After the Christmas holiday, oil prices started with an increase as the markets entered the last week of the year. The trade tensions that were disrupted in the Red Sea are still high. The course of the US stock markets can be followed during the day. As long as the prices remain below the 79.00 - 79.50 resistance in the upcoming process, a downward view may be in the foreground. In possible declines, the 78.50 and 78.00 levels can be targeted. In this process, the attitude of the 78.00 region, which is supported by the 200-period exponential moving average, should be followed carefully. As long as the 79.00 - 79.50 resistance remains current in possible recoveries, a new downward potential may occur. Therefore, it may be necessary to see the course above 79.50 and hourly closings for the continuation of the upward desire. In this case, the 80.00 and 80.50 levels may come to the agenda. Support: 78.50 Resistance: 80.50
For NDXUSD, it is the first trading day of the last week of the year. The US indices, which displayed a mixed picture before Christmas, opened the first trading day of the last week positively. While preparing the analysis, the course of the US stock markets can be followed during the day for the index, which is traded around 17000 levels. While the Nasdaq index is following its pricing behavior outside the 16740 - 16900 region in the short term, the potential for upward movement continues as long as the index moves above the relevant region. In increases, 17000 - 17100 levels can be followed as resistance. Alternatively, if the index falls below the 16740 support in the corrections it will make from the peak levels and closes below the level, 16650 - 16555 levels can be followed as support. Support: 16750 - 16580 Resistance: 16890 - 16980
After a long period of good performance for BTC, the rate of increase has slowed down, but it also has a strong stance. It now seems like we will finish the year at $42,000. The only problem is that we are entering the trading day. If it is calm today, the week will pass like this and we will finish the year like this. Another situation we are watching is that there is still no perfect bullish atmosphere like at the end of 2020 and the beginning of 2021. The increases are very nice, but there are no new investors flocking to the market. In other words, the market maker will say "the market has gotten too much excitement, I will pull it down from here with hard candles" and will not create that action. Our expectation is that it will pass the 44600 barrier and now move above 45000, which it has been trying for a long time. Support: 41400 Resistance: 44700
For EURUSD, the New Year holiday psychology, the calm economic calendar and the late opening stock exchanges due to the Christmas holiday ensure that financial assets follow a calmer course. However, it should not be surprising that we still see a calm closing week due to the New Year holiday psychology. When we evaluate the EURUSD parity in the short term, the 1.0965 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.1050, 1.1090 and 1.1145. In the event of a possible reaction, the 55-period average is the main support, while a new pressure can be monitored towards the bottom region of 1.0930 - 1.0890. Support: 1.0930 - 1.0890 Resistance: 1.1090 - 1.1145
For the GBPUSD pair, today the Richmond Manufacturing Index from the USA, tomorrow the Unemployment Claims and on Friday the Chicago Purchasing Managers Index are recorded as important news to be followed in the remaining days of the week, however, the current news, the Dollar Index and therefore the GBPUSD pairs, can be noted for possible movements with the shallow market theme. When we evaluate the GBPUSD pair in the short term, the 1.2560 region where the 200-period average is located is important, and the pair may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2730, 1.2782 and 1.2825, and in case of pressure, it can focus its reaction idea on 1.2650. Support: 1.26500 Resistance: 1.27820
For USDJPY Pair, today from the US, Richmond Manufacturing Index, tomorrow Unemployment Claims, Friday Chicago Purchasing Managers Index are recorded as important news to follow in the remaining days of the week, however, the current news can be noted for the Dollar Index and therefore the USDJPY pair with possible movements with shallow markets theme. The pair, which started the day with an increase, is pricing above its 200-day average again. If the day closes above 143.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 141.980. Support: 141.980 Resistance: 143.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, the Turkish Lira is trading close to 29.35 with 0.11 percent. When we evaluate the USDTRY exchange rate in the short term, the 28.97 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 29.34, 29.42 and 29.50 levels can be observed. In particular, permanent movements above 29.55 may strengthen the idea of a possible increase towards its upper points. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (28.77) are on the agenda. Support: 29.10 - 28.90 Resistance: 29.40 - 29.60
Gold Ons The effect of the US 10-year Treasury bond yield limiting the declines, gold onslaught recorded an outlook that suppressed recoveries. When we technically evaluate the short-term gold onslaught pricing, we are following the 2040 - 2052 region, which is currently supported by the 34-period exponential moving average (2047). As long as the precious metal suppresses the pullback desire in the 2040 - 2052 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2070 and 2080 levels. In the alternative case, in order for the negative expectation to come to the fore, permanence may be required below the 2040 - 2052 region. In this case, the 2030 and 2021 levels may be encountered in the declines that may occur. Support: 2052-2040 Resistance: 2070-2080
Oil prices have been on the rise again since yesterday due to increasing geopolitical risks. The attack on a commercial ship in the Red Sea, the US attacking some areas in Iraq that it claims belong to Iran-backed groups, and the Iraqi government condemning this, have been effective in increasing prices. As long as pricing remains at and above the 74.50-75.00 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 75.50 resistance levels can be targeted, followed by 76.00 and 76.50 levels. In possible decreases, as long as the 74.50-75.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 74.50 and hourly closings for the continuation of the desire to decrease. In this case, 74.00 and 73.50 levels may come to the agenda. Support: 74.50 Resistance: 76.00
Oil prices have started to rise again since yesterday due to the increase in geopolitical risks. The attack on a commercial ship in the Red Sea, the attack by the US on some areas in Iraq that it claims belong to Iran-backed groups, and the condemnation of this by the Iraqi government were effective in the increase in prices. As long as the prices remain at and above the 80.00 - 80.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 81.50 and 82.00 levels may be targeted. In possible decreases, as long as the 80.00 - 80.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 80.00 and hourly closings for the continuation of the downward desire. In this case, the 79.50 and 79.00 levels may come to the agenda. Support: 79.50 Resistance: 81.50
For NDXUSD While volumes were low on global stock exchanges after Christmas, the Nasdaq index continued its recent rally yesterday with a 0.5% increase. While the Fed's 2024 interest rate cut expectations were moving above 80% for March, the Nasdaq index futures opened the day at 16920. As long as the Nasdaq index moves above the 16900 - 17000 region in the short term, the potential for upward movement continues. In increases, the 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downward, it can be observed that it falls below the 16900 support and closes below the level, and retreats towards the 16740 level can be observed. Support: 16850 - 16680 Resistance: 16990 - 17100
DAX INDEX The DAXEUR index, which was closed for two trading days due to Christmas, entered Christmas Day with a picture tightening around the 20-period average. The course of the US and European stock markets can be followed in the week when the data flow will be generally calm for the index, which started the last week of the year at 16800. The DAXEUR index is supported by the 34-period average and the positive expectation is at the forefront over the 16826 - 16890 region. In increases, the 16890 - 16980 levels can be monitored as resistance. With the breakdown of the 17100 psychological resistance, the 17200 - 17300 levels can be targeted. In the alternative scenario, the index can remain below the 16790 support and a downward trend can come to the fore. In possible pullbacks, the 16726 - 16600 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980
Bitcoin has retreated to $41,500 support and is currently moving above $42K. With the year ending shortly, volatility has started to increase in BTC. If the annual closing is above $42,500, a positive outlook will be formed and with the spot ETF approval expected in January, there may be a movement to $52K levels! The upward movements may continue in altcoin pairs. There was hype for projects on the SOL, AVAX, MATIC, ARB, APTOS networks, now this hype has shifted to the BSC network and then the ETH movement will start and we think we will see the real submarket increases. Support: 41400 Resistance: 43700
Despite the US Energy Information Administration announcing a decrease of over 7 million barrels in stocks, oil prices are approaching the end of the year with a decline. Although the fact that US forces are trying to ensure security in the Red Sea is effective in this picture, the idea that supply will remain strong against demand in the coming year seems to be at the forefront. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 78.00 - 78.50 resistance in the upcoming period, downward potential may continue. In possible declines, 77.00 and 76.50 levels can be targeted. In possible recoveries, as long as the 78.00 - 78.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 78.50 and hourly closings for the continuation of the upward desire. In this case, 79.00 and 79.50 levels may come to the agenda. Support: 76.50 Resistance: 78.50
For NDXUSD, the Nasdaq index is on track to finish the week in positive territory despite the decline in upward momentum. The technology index, which has achieved a nine-week winning streak in a row, exhibited its best annual performance since 1999. The Nasdaq futures contract opened the last trading day of the year at 16986. The course of the US stock markets will be followed on a calm day in terms of the economic calendar. As long as the Nasdaq index moves within the 17000 - 17100 region in the short term, the decision-making phase scenario comes to the fore. For positive expectations, it can be expected that the movement above the 17000 level will continue. In increases, the 17100 - 17200 levels can be followed as resistance. In the corrections that the index will make from the peak levels downwards, it can be observed that it will fall below the 16900 support and close below the level, and retreats towards the 16740 level can be observed. Support: 16900 - 16840 Resistance: 16990 - 17100
DAX INDEX The DAXEUR index futures contract, which was under pressure under the 17200 resistance in the last two weeks, remained horizontal throughout the week. The index, which started the last trading day of the year at 16720, can be followed for intraday movements in the week where the data flow will be calm in general. As long as the DAXEUR index moves within the 16626 - 16790 region with support from the 34-period average, the decision-making stage scenario is at the forefront. For positive expectations, the index can be expected to rise above the 16790 level. In increases, the 16890 - 16980 levels can be monitored as resistance. In the alternative scenario, the index can remain under the 16890 support and the downward trend can come to the fore. In possible pullbacks, the 16726 - 16600 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980
After Bitcoin retreated to the $41,700 support, it is currently continuing its movement above $42,700. With the year ending shortly, volatility in BTC has started to increase. If it makes the annual closing above $44,500, a positive outlook will be formed and with the spot ETF approval expected in January, a movement to $52,000 levels may occur! The upward movements may continue in altcoin pairs. There was hype for the projects on the SOL, AVAX, MATIC, ARB, APTOS networks, now this hype has shifted to the BSC network and then the ETH movement will start and we think we will see the real submarket increases. Support: 41400 Resistance: 44500
In today's calendar for EURUSD, we will reach the results of the manufacturing sector PMI data for December for Germany, England and the USA. When we evaluate the EURUSD parity in the short term, the 1.1005 region where the 55-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.1050, 1.1090 and 1.1145. The reaction to be given at the 1.1090 level in particular should be monitored. In the possible reaction thought, it should not be forgotten that while the 55-period average is the main support, permanent movements below the average are needed for the current scenario to be considered invalid. However, a new pressure towards the 1.0890 bottom region can be monitored under this condition. Support: 1.0930 - 1.0890 Resistance: 1.1090 - 1.1145
When we evaluate a new week for the GBPUSD parity, the PMI data for the Manufacturing and Services sector, as well as the Eurozone CPI and US Non-Farm Employment can be explained as developments of high importance in the calendar. When we evaluate the GBPUSD parity in the short term, the 1.2725 region where the 34-period average is located is important, and the parity may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. In particular, the reaction to be given at the trend top level of 1.2875 should be monitored. In the possible reaction idea, it should not be forgotten that the 34-period average is an intermediate support, but even if the declines continue, the 200-period average (1.2590) will continue to be the main support. Support: 1.26900 Resistance: 1.28750
USDJPY Parity When we evaluate a new week, PMI data for the Manufacturing and Services sector, especially the Eurozone CPI, US Non-Farm Employment can be explained as developments of high importance in the calendar. In today's calendar, we will reach the results of the Manufacturing sector PMI data for December for Germany, England and the USA. The parity, which started the day with an increase, is pricing below its 200-day average. If the day closes above 142.540, the beginning of an uptrend is expected. If the decline continues, it is expected to reach 140.180. Support: 140.180 Resistance: 142.540
We have good analyses for you in 2023 for USDTRY. We explained our last 29.60 analysis to you with its basic reasons and completed it with a pinpoint shot at that point. We expect this month to be a dynamic month and the dollar can rise to 30.40 by the end of the month. We can reach the 32-33 TL band by the end of the election process. Let's remind you again that the removal of KKM and the failure to renew those whose terms have expired paves the way for harsh attacks on the dollar and to ensure that the state gets rid of the KKM cost! If nothing goes wrong, our 2024 year-end target is between 40-42 TL. Support: 29.40 - 29.20 Resistance: 29.80 - 30.00
On the first trading day of the year, ounce gold found some recovery space in the short term due to the limited pullback in the US 10-year Treasury bond yield. The precious metal, which opened the day at 2064, is trading around the 2074 level while the analysis is being prepared. When we evaluate the short-term ounce gold pricing technically, we are following the 2061 level, which is currently supported by the 34 (2062) period exponential moving average. As long as the precious metal suppresses the pullback desire at the 2061 level, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2080 and 2090 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2061 level. In this case, the 2052 and 2040 levels may be encountered in possible declines. Support: 2065-2056 Resistance: 2085-2100
Oil prices started the new year with an increase after Iran sent a warship to the Red Sea on the grounds that the US sank 3 Houthi boats over the weekend. The US stated in a statement that it sank 3 boats because the navy was under attack. There is a recovery of over 1% after the decline that occurred on Friday. The course of European and US stock markets and developments in the region will be monitored during the day. In the upcoming process, pricing and hourly closings that may occur outside the 72.50 - 73.00 region may clarify the search for direction. The desire for a decrease may come to the fore with the course and hourly closings below 72.50. In this case, the 72.00 and 71.50 levels can be targeted. In the increases, the attitude of the 73.00 resistance can be followed. The breaking of this resistance and hourly closings that may occur in the region may bring the 73.50 and 74.00 levels to our agenda. Support: 72.00 Resistance: 73.50
Oil prices started the new year with an increase after Iran sent a warship to the Red Sea on the grounds that the US sank 3 Houthi boats over the weekend. The US stated in a statement that it sank 3 boats because the navy was under attack. There is a recovery of over 1% after the decline that occurred on Friday. The course of European and US stock markets and developments in the region will be monitored during the day. In the upcoming process, pricing and hourly closings that may occur outside the 78.00 - 78.50 region may clarify the search for direction. The desire for a decrease may come to the fore with the course and hourly closings below 78.00. In this case, the 77.50 and 77.00 levels can be targeted. In the increases, the attitude of the 78.50 resistance can be followed. The breaking of this resistance and hourly closings that may occur in the region may bring the 79.00 and 79.50 levels to our agenda. Support: 77.50 Resistance: 79.50
For NDXUSD The Nasdaq index, which ended the past year with the best annual rise of the last twenty-five years, is moving within a limited range of movement on the first trading day of the new year. The US Manufacturing PMI data and the course of the stock markets can be followed during the day for the Nasdaq index futures contract, which opened at 16800 next week, when we will follow the US PMI and employment data. As long as the Nasdaq index moves within the 16800 - 16900 region in the short term, the decision-making phase scenario comes to the fore. For positive expectations, the movement above the 16900 level can be expected to continue. In increases, the 17000 - 17100 levels can be followed as resistance. Alternatively, in the corrections that the index will make from the peak levels downward, it can be observed that it falls below the 16800 support and closes below the level, and retreats towards the 16540 level can be observed. Support: 16750 - 16640 Resistance: 16890 - 17000
DAX INDEX The DAX40 index, which managed to end the previous year with an annual increase of 18%, opened the first week of the year, in which we will follow the inflation data of Germany and the Eurozone, at 16780. During the day, Germany-Eurozone and US Manufacturing PMI data can be followed due to their possible effects on the index. As long as the DAX40 index moves within the 16690 - 16850 region with support from the 34-period average, the decision-making stage scenario is at the forefront. For positive expectations, the index can be expected to rise above the 16900 level. In increases, the 17090 - 17200 levels can be monitored as resistance. In the alternative scenario, the downward trend can come to the fore with the index remaining below the 16780 support. In possible pullbacks, the 16626 - 16400 levels can be monitored as support. Support: 16726 - 16600 Resistance: 16890 - 16980
Bitcoin As of yesterday, it entered a perfect channel on the monthly chart, 100,000 "ATH" upper resistance is seen for BTC, Ethereum also made a weekly opening above $ 2300. Many charts we follow show that Crypto is doing its best to start the bull season. This week is a critical week for Bitcoin and Crypto. It is considered certain that the SEC will approve Bitcoin ETFs, but there may be a setback at the last moment and we may see 20% more downward candles. It is logical to wait for this week. But after the approval, maybe the peaks will come after a decrease that may occur with the effect of the news passed. Support: 44200 Resistance: 46400
When we start a new week for EURUSD, inflation is recorded as the main theme, while the CPI and PPI that we will reach the conclusion from the US are the most critical developments of the week. When we evaluate the EURUSD parity in the short term, there is a trend below the 55-period average of 1.0970. If the parity continues to stay below the relevant average, the idea of adapting to the new negative outlook may come to the fore. With this thought, a decline towards the supports of 1.0890, 1.0850 and 1.0805 can be observed. It should not be forgotten that in a possible recovery, permanent movements above the average are needed for the parity to return to the positive region it ended. However, under this condition, a new expectation towards the 1.1145 peak may occupy our agenda. Support: 1.0890 – 1.0850 Resistance: 1.1090 – 1.1145
For the GBPUSD pair, the decision phase of the Classic Dollar Index in an important region before the critical developments, the Growth and Industrial Production data from the UK will be important. When we evaluate the GBPUSD pair in the short term, despite the recent declines, the 200-period average of 1.2615 is important, but the pair may want to continue its upward trend above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2735, 1.2782 and 1.2825. As long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme in the possible reaction thought, the 200-period average continues to be the main support for the GBPUSD pair. In possible declines, it may come to the 1.2480 - 1.2440 region. Support: 1.26150 Resistance: 1.27820
USDJPY Pair Classic Dollar Index 34-day average 102.65, US 10-year bond interest rate 233-day average 4.03 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring the expectation that possible reaction sales regarding parities may remain limited to the agenda. December CPI results from Japan will be followed. The parity, which started the day with a decline, is priced below its 200-day average. If the day closes above 145.210, the beginning of an uptrend is expected. If there is a decline, it is expected to reach 143.460. Support: 143.460 Resistance: 145.210
USDTRY is currently trading close to 29.88 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 29.90, 30.00 and 30.12 levels can be observed. Permanent movements above 30.12 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.04) are on the agenda. Support: 29.40 – 29.20 Resistance: 29.90 – 30.12
On the first trading day of the week; the continuation of the recovery of the US 10-year treasury bond yield above 4% left room for a slight pullback in the short term for the ounce of gold. When we technically evaluate the short-term pricing of the ounce of gold, we are following the 2044 - 2052 region, which is currently supported by the 34 (2050) period exponential moving average. As long as the precious metal moves below the 2044 - 2052 region, a desire for decline may come to the fore. If the downward trend continues, a movement area may form towards the 2025 and 2017 levels. In the meantime, the 61.8% correction level can be monitored for the attitude of 2017 and the continuation of the pullback expectation. In order for the positive expectation to come to the fore, it may be necessary to remain above the 2044 - 2052 region. In this case, the 2061 and 2070 levels may be encountered in possible increases. Support: 2025-2017 Resistance: 2044-2052
After Saudi Arabia lowered Asian sales prices by $2, oil prices started the week with a decline. Following the pullback of over 1%, the course of European and US stock markets can be followed today. On the other hand, the Middle East agenda will be constantly monitored. In the upcoming period, as long as the prices remain below the 73.00 - 73.50 resistance, a downward outlook may be at the forefront. In possible declines, the 72.50 and 72.00 levels can be targeted. In possible recoveries, the attitude of the 73.00 - 73.50 resistance can be monitored. The breakdown of this resistance and possible hourly closings in the region may bring the 74.00 and 74.50 levels to the agenda. In the upcoming period, as long as the prices remain below the 73.00 - 73.50 resistance, a downward outlook may be at the forefront. Support: 72.00 Resistance: 73.50
After Saudi Arabia lowered Asian sales prices by $2, oil prices started the week with a decline. Following the pullback of over 1%, the course of European and US stock markets can be followed today. On the other hand, the Middle East agenda will be constantly monitored. In the upcoming period, as long as the prices remain below the 78.00 - 78.50 resistance, a downward outlook may be at the forefront. In possible declines, the 77.50 and 77.00 levels can be targeted. In possible recoveries, the attitude of the 78.00 - 78.50 resistance can be monitored. The breakdown of this resistance and possible hourly closings in the region may bring the 79.00 and 79.50 levels to the agenda. In the upcoming period, as long as the prices remain below the 78.00 - 78.50 resistance, a downward outlook may be at the forefront. Support: 77.00 Resistance: 78.50
Last week, US stock markets corrected the rally they started with the expectations that the Fed would make the expected interest rate cut move in the last quarter of 2023 earlier and more aggressively than indicated, in the first week of the year. While the Nasdaq index lost 3%, the inflation data to be announced this week will be followed for the direction search in the stock markets. As long as the Nasdaq index moves below the 16355 - 16450 region in the short term, negative expectations come to the fore. In the continuation of the pullbacks, the 16230 - 16100 levels can be followed as support. If the recoveries continue in the Nasdaq index, which received support from the 16100 level in the recent declines, the movement above the 16450 level can be expected for positive expectations. In the rises, the levels 16540 - 16700 can be followed as resistance. Support: 16230 - 16100 Resistance: 16450 - 16540
DAX INDEX Last week, Eurozone inflation was seen to rise on an annual basis in headline data. The Dax index closed the week in negative territory, and opened the first trading day of the week at 16580. As long as the DAX index remains below the 16526 - 16600 region with support from the 34-period average, negative expectations are at the forefront. In possible pullbacks, the 16450 - 16380 levels can be monitored as support. For positive expectations, the index can be expected to rise above the 16600 level. In this case, the 16680 - 16740 levels can be monitored as resistance. Negative expectations are at the forefront below the 16526 - 16600 region. Support: 16450 - 16380 Resistance: 16680 - 16740
Bitcoin starts the week with very important news. The ETF News, which has been expected for months, is expected to end on Wednesday. Bitcoin, which saw over 45 thousand with ETF optimism last week, experienced a sharp decline with claims that a false SEC wanted additional time for the ETF. On Friday, it recovered and came back above 44500. Today, it is again below 44000. ETF optimism in Bitcoin has given way to a sharp fluctuation. It is very close to the 10th of the month, here the ETF News to be decided by the SEC will determine the fate of Bitcoin. A possible approval can officially start the Bull Market, while a rejection decision can cause a loss of about 20% in Bitcoin. It is useful to be careful. Support: 42800 Resistance: 44400
While inflation is recorded as the main theme for EURUSD, CPI and PPI, which we will reach the conclusion from the USA, are the most critical developments of the week. When we evaluate the EURUSD parity in the short term, we see that although it accepts the 1.0890 level as the bottom, the relevant increases are limited to the 55-period average (1.0970) each time. In an environment where the Buyer - Seller struggle is striking, permanent movements outside the 1.0890 - 1.0970 levels are needed for clearer movements. However, under this condition, the 1.1145 peak or the 1.0715 bottom point may occupy our agenda. Otherwise, it may want to continue the decision-making process by following a tight course within the 1.0890 - 1.0970 levels for a while longer. The EURUSD parity is in the decision-making phase within the 1.0890 - 1.0970 levels. Support: 1.0890 – 1.0850 Resistance: 1.1090 – 1.1145
For the GBPUSD pair, the decision phase of the Classic Dollar Index in an important region before the critical developments will be important, and the Growth and Industrial Production data from the UK will be important. In the short term, the 200-period average 1.2615 region maintains its importance for the GBPUSD pair, while the pair may want to continue its rise above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. Especially the channel's current upper point 1.2875 is important. In terms of possible reaction thinking, as long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme, the 200-period average continues to be the main support for the GBPUSD pair, and the intermediate support 34-period average 1.2703 can also be followed in terms of how eager the reaction thinking is. Support: 1.26150 Resistance: 1.27820
USDJPY Pair Classic Dollar Index 34-day average 102.55, US 10-year bond interest rate 233-day average 4.01 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring the expectation that possible reaction sales regarding parities may remain limited to the agenda. December CPI results came from Japan as expected. The parity, which started the day with a decline, is priced below its 200-day average. If the day closes above 145.010, the beginning of an uptrend is expected. If there is a decline, it is expected to reach 143.160. Support: 143.160 Resistance: 145.010
USDTRY is currently trading close to 29.93 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.59 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 29.95, 30.04 and 30.12 levels can be observed. Permanent movements above 30.19 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.08) are on the agenda. Support: 29.59 – 29.29 Resistance: 29.99 – 30.19
On the first trading day of the week; the US 10-year Treasury bond yield continuing to recover above 4% left room for a slight pullback in the short term for gold ounces. When we technically evaluate short-term gold ounce pricing, we are following the 2044 - 2052 region, which is currently supported by the 34 (2044) period exponential moving average. As long as the precious metal moves below the 2044 - 2052 region, a downward trend may come to the fore. If the downward trend continues, a movement area may form towards the 2024 and 2017 levels. In the meantime, the 61.8% correction level can be monitored for the stance of 2017 and the continuation of the pullback expectation. In order for positive expectations to come to the fore, a persistence above the 2052 - 2061 region may be required. In this case, the 2061 and 2070 levels may be encountered in possible increases. Support: 2024-2017 Resistance: 2052-2061
After Saudi Arabia reduced sales prices, concerns about demand increased further, causing oil prices to experience significant losses. Although we observed a calmer picture in the Asian session, the trend continues below the averages. The course of European and US stock exchanges can be followed during the day. As long as the prices remain below the 71.00 - 71.50 resistance, a downward outlook may be at the forefront in the upcoming period. In possible declines, the 70.50 and 70.00 levels can be targeted. In possible recoveries, the attitude of the 71.00 - 71.50 resistance can be followed. The breakdown of this resistance and possible hourly closings in the region may bring the 72.00 and 72.50 levels to the agenda. As long as the prices remain below the 71.00 - 71.50 resistance in the upcoming period, a downward outlook may be at the forefront. Support: 70.00 Resistance: 71.50
After Saudi Arabia reduced sales prices, concerns about demand increased further, causing oil prices to experience significant losses. Although we observed a calmer picture in the Asian session, the trend continues below the averages. The course of European and US stock exchanges can be followed during the day. As long as the prices remain below the 76.50 - 77.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 75.50 and 75.00 levels can be targeted. In possible recoveries, the attitude of the 76.50 - 77.00 resistance can be followed. The breakdown of this resistance and possible hourly closings in the region may bring the 77.50 and 78.00 levels to the agenda. As long as the prices remain below the 76.50 - 77.00 resistance in the upcoming period, a downward outlook may be at the forefront. Support: 75.00 Resistance: 77.00
The day before, Nasdaq rose by more than 1% due to the recovery in chip stocks, reaching its highest level in almost a week. Apple, AMAZON, Google stocks gained more than 2% and were among the companies that supported the index the most. The fourth quarter earnings season will start on Friday with the balance sheets of banks such as Bank of America, JP Morgan, and Citi Group. Before that, the general course of the US stock exchanges can be followed for index movements. As long as the Nasdaq index moves above the 16430 - 16555 region in the short term, positive expectations are at the forefront. In the continuation of recoveries, the 16900 - 17000 levels can be followed as resistance. In possible declines, the index moving below the 200-period average support of 16430 may bring negative expectations to the forefront. Support: 16555 - 16430 Resistance: 16750 - 16900
DAX INDEX The day we left behind, European stock markets started the week with an increase, parallel to the positive trend in US stock markets. While the DAX index gained nearly 1%, the DAX index futures contract opened the second trading day of the week at 16770. As long as the DAX40 index moves above the 16726 - 16800 region with support from the 34-period average, positive expectations are at the forefront. In increases, increases towards 16800 - 16890 levels can be observed. In possible decreases, it can be expected that the index moves below the 16726 support and that selling pressure will increase. In this case, the 16600 level can be followed as support. It will continue to remain positive above the 16726 - 16800 region. Support: 16600 - 16510 Resistance: 16800 - 16890
Bitcoin has exceeded the highest level of 47000 in the last 2 years and has pulled back very slightly. Tomorrow, the ETF News, which has been expected for months, is expected to be concluded. This is now the area where the risk factor will come into play. If the ETF is approved, it may be SELL THE NEWS. In other words, when the news comes, it can be seen that the sale has met the expectation. If it is not approved, we expect a big drop. There is very little time left until tomorrow. Here, the ETF News, which will be decided by the SEC, will determine the fate of Bitcoin. A possible approval can officially start the Bull Market, while a rejection decision can cause a loss of about 20% in Bitcoin. It is useful to be careful. Support: 42800 Resistance: 44400
While inflation is recorded as the main theme for EURUSD, CPI and PPI, which we will reach the conclusion from the USA, are the most critical developments of the week. When we evaluate the EURUSD parity in the short term, we see that although it accepts the 1.0890 level as the bottom, the relevant increases are limited to the 55-period average (1.0970) each time. In an environment where the Buyer - Seller struggle is striking, permanent movements outside the 1.0890 - 1.0970 levels are needed for clearer movements. However, under this condition, the 1.1145 peak or the 1.0715 bottom point may occupy our agenda. Otherwise, it may want to continue the decision-making process by following a tight course within the 1.0890 - 1.0970 levels for a while longer. The EURUSD parity is in the decision-making phase within the 1.0890 - 1.0970 levels. Support: 1.0890 – 1.0850 Resistance: 1.1090 – 1.1145
For the GBPUSD pair, the decision phase of the Classic Dollar Index in an important region before the critical developments will be important, and the Growth and Industrial Production data from the UK will be important. In the short term, the 200-period average 1.2615 region maintains its importance for the GBPUSD pair, while the pair may want to continue its rise above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. Especially the channel's current upper point 1.2875 is important. In terms of possible reaction thinking, as long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme, the 200-period average continues to be the main support for the GBPUSD pair, and the intermediate support 34-period average 1.2706 can also be followed in terms of how eager the reaction thinking is. Support: 1.26150 Resistance: 1.27820
USDJPY Pair Classic Dollar Index 34-day average 102.55, US 10-year bond interest rate 233-day average 4.01 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring to the agenda the expectation that possible reaction sales regarding parities may remain limited. Yesterday, December CPI results from Japan came as expected. The parity, which started the day with an increase, is priced below its 200-day average. If the day closes above 145.510, the beginning of an uptrend is expected. If there is a decrease, it is expected to reach 143.660. Support: 143.660 Resistance: 145.510
USDTRY is currently trading close to 29.97 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.63 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.04, 30.12 and 30.23 levels can be observed. Permanent movements above 30.23 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.13) are on the agenda. Support: 29.59 – 29.29 Resistance: 30.03 – 30.23
In the middle of the week; the limited movement of the US 10-year treasury bond yield around 4% allowed for a relatively horizontal pricing of ounce gold in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2044 level, which is currently supported by the 34 (2044) period exponential moving average. As long as precious metal prices move below the 2044 level, a downward trend may come to the fore. If the downward trend continues, there may be a movement area towards the 2024 and 2017 levels. In the alternative case, in order for the positive expectation to come to the fore, it may be necessary to remain above the 2044 level. In this case, the 2052 and 2061 levels may be encountered in the increases that may occur. At this stage, the attitude of the 2052 level, which is supported by the trend line, can be followed in terms of continuing the upward expectation. Support: 2024-2017 Resistance: 2052-2061
Oil prices maintained their gains as stocks continued to decline in the US and new attacks by the Houthis. The American Petroleum Institute announced a 5.2 million barrel drop in stocks. The Houthis' attacks on commercial ships continued despite the measures taken by the coalition established by the US in the region. The attacks are seen as the aftereffects of the Israel-Hamas war. The course of the European and US stock markets and the stock data to be announced by the US Energy Information Administration can be followed during the day. As long as prices remain above the 72.00 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 73.00 and 73.50 levels can be targeted. In possible decreases, the attitude of the 72.00 support can be followed. The breakdown of this support and possible hourly closings in the region may bring the 71.50 and 71.00 levels to the agenda. As long as prices remain above the 72.00 support in the upcoming period, an upward outlook may be at the forefront. Support: 71.50 Resistance: 73.00
Oil prices maintained their gains as stocks continued to decline in the US and new attacks by the Houthis. The American Petroleum Institute announced a 5.2 million barrel drop in stocks. The Houthis' attacks on commercial ships continued despite the measures taken by the coalition established by the US in the region. The attacks are seen as the aftereffects of the Israel-Hamas war. The course of the European and US stock markets and the stock data to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 77.00 - 77.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 78.00 and 78.50 levels can be targeted. In possible decreases, the attitude of the 77.00 - 77.50 support can be followed. The breakdown of this support and hourly closings in the region may bring the 76.50 and 76.00 levels to the agenda. Support: 77.00 Resistance: 78.50
The Nasdaq index, which was calm the other day, managed to close in positive territory yesterday with a 0.09% increase, separating itself from other indicator indexes. While Asia was mixed in the middle of the week, there is limited negativity in US index futures. The course of US stock markets can be followed for index movements before the US inflation data to be announced tomorrow. The fourth quarter balance sheet season will start on Friday with the balance sheets of banks such as Bank of America, JP Morgan, and Citi Group. As long as the Nasdaq index moves above the 16430 - 16555 region in the short term, positive expectations are at the forefront. In the continuation of recoveries, the 16900 - 17000 levels can be followed as resistance. In possible declines, the index moving below the 200-period average support of 16430 may bring negative expectations to the forefront. Support: 16555 - 16430 Resistance: 16750 - 16900
For DAX INDEX The European stock markets were negative the other day. While the DAXEUR index closed in the negative region with a 0.17% decrease, the DAX40 index futures contract started the middle of the week at 16810. As long as the DAXEUR index moves above the 16726 - 16800 region with support from the 34-period average, positive expectations are at the forefront. In increases, increases towards the 16800 - 16890 levels can be observed. In possible decreases, it can be expected that the index moves below the 16726 support and the selling pressure will increase. In this case, the 16600 level can be followed as support. It will continue to remain positive above the 16726 - 16800 region. Support: 16600 - 16510 Resistance: 16800 - 16890
Unbelievable events happened for Bitcoin yesterday. The news that SEC allowed Bitcoin ETF was announced on its official Twitter (x) Channel as the market was about to close. It was announced that the account was accessed without permission and that the news was not true within 5 minutes. What is striking here is that after the news, Bitcoin exceeded 48000, the highest level of 2 years, and SELL THE NEWS, in other words, the news was sold and pulled back to 44500. Today, the ETF News, which has been expected for months, is expected to be concluded. This is now the area where the risk factor will come into play. If the ETF is approved, as it was yesterday, it can be seen that the sale met the expectation. If it is not approved, we expect a big drop. ETF News will determine the fate of Bitcoin. A possible approval can officially start the Bull Market, while a rejection decision can cause a loss of about 20% in Bitcoin. It is useful to be careful. Support: 44400 Resistance: 48400
While inflation is recorded as the main theme for EURUSD, CPI and PPI, which we will reach the conclusion from the US today, are the most critical developments of the week. When we evaluate the EURUSD parity in the short term, we see that although it accepts the 1.0890 level as the bottom, the relevant increases are limited to the 55-period average (1.0970) each time. In an environment where the Buyer - Seller struggle is striking, permanent movements outside the 1.0890 - 1.0970 levels are needed for clearer movements. However, under this condition, the 1.1145 peak or the 1.0715 bottom point may occupy our agenda. Otherwise, it may want to continue the decision-making process by following a tight course within the 1.0890 - 1.0970 levels for a while longer. The EURUSD parity is in the decision-making phase within the 1.0890 - 1.0970 levels. Support: 1.0890 – 1.0850 Resistance: 1.1090 – 1.1145
For the GBPUSD pair, the decision phase of the Classic Dollar Index in an important region before the critical developments, the Growth and Industrial Production data from England will be important. In the short term, the 200-period average 1.2632 region maintains its importance for the GBPUSD pair, while the pair may want to continue its rise above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. Especially the channel's current upper point 1.2875 is important. In terms of possible reaction thinking, as long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme, the 200-period average continues to be the main support for the GBPUSD pair, and the intermediate support 34-period average 1.2706 can also be followed in terms of how eager the reaction thinking is. Support: 1.26320 Resistance: 1.27820
USDJPY Pair Classic Dollar Index 34-day average 102.55, US 10-year bond interest rate 233-day average 4.01 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring to the agenda the expectation that possible reaction sales regarding parities may remain limited. Yesterday, December CPI results from Japan came as expected. The parity, which started the day with a decline, is priced below its 200-day average. If the day closes above 145.810, the beginning of an uptrend is expected. If there is a decline, it is expected to reach 144.440. Support: 144.110 Resistance: 145.510
USDTRY is currently trading close to 29.97 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.63 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.04, 30.12 and 30.23 levels can be observed. Permanent movements above 30.23 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.13) are on the agenda. Support: 29.59 – 29.29 Resistance: 30.03 – 30.23
In the middle of the week; the limited movement of the US 10-year treasury bond yield around 4% allowed for a relatively horizontal pricing of ounce gold in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2044 level, which is currently supported by the 34 (2036) period exponential moving average. As long as precious metal prices move below the 2044 level, a downward trend may come to the fore. If the downward trend continues, there may be a movement area towards the 2024 and 2017 levels. In the alternative case, in order for the positive expectation to come to the fore, it may be necessary to remain above the 2044 level. In this case, the 2052 and 2061 levels may be encountered in the increases that may occur. At this stage, the attitude of the 2052 level, which is supported by the trend line, can be followed in terms of continuing the upward expectation. Support: 2024-2017 Resistance: 2052-2061
Despite the American Petroleum Institute's announcement of a 5.2 million barrel decrease in stocks, the US Energy Information Administration's surprising announcement of a 1.3 million barrel increase caused us to see a pullback in oil prices. Headlines that could potentially push oil up, such as Middle East tensions and OPEC cuts, are still current. The course of European and US stock markets and US inflation data can be followed during the day. As long as pricing remains below the 72.00 - 72.50 resistance in the upcoming period, an upward and downward outlook may be at the forefront. In possible declines, 71.00 and 70.50 levels can be targeted. In possible recoveries, the attitude of the 72.00 - 72.50 resistance can be followed. Breaking this resistance and 4-hour closings in the region may bring the 73.00 and 73.50 levels to the agenda. Support: 71.00 Resistance: 72.50
Despite the American Petroleum Institute's announcement of a 5.2 million barrel decrease in stocks, the US Energy Information Administration's surprising announcement of a 1.3 million barrel increase caused us to see a pullback in oil prices. Headlines that could potentially push oil up, such as Middle East tensions and OPEC cuts, are still current. The course of European and US stock markets and US inflation data can be followed during the day. As long as pricing remains below the 77.50 - 78.00 resistance, an upward and downward outlook may be at the forefront in the upcoming period. In possible declines, 76.50 and 76.00 levels can be targeted. In possible recoveries, the attitude of the 77.50 - 78.00 resistance can be monitored. Breaking this resistance and 4-hour closings in the region may bring the 78.50 and 79.00 levels to the agenda. In this process, as long as pricing remains below the 77.50 - 78.00 resistance, a downward outlook may be at the forefront. Support: 76.50 Resistance: 78.00
The Nasdaq index showed a positive trend the other day with the support of large-capital companies. With the semiconductor supplier TSMC exceeding expectations in December, Nvidia rose to record levels and supported the index. Again, the premium trend in index-heavy high-end companies such as Amazon and Meta supported the rise of the index before the inflation data to be announced today. The fourth quarter balance sheet season will start on Friday with the balance sheets of banks such as Bank of America, JP Morgan, and Citi Group. As long as the Nasdaq index moves above the 16650 - 16740 region in the short term, positive expectations are at the forefront. In the continuation of the recoveries, the 16900 - 17000 levels can be followed as resistance. In possible declines, the index moving below the 200-period average support of 16630 may bring negative expectations to the forefront. Support: 16630 - 16540 Resistance: 16900 - 17000
For DAX INDEX Despite the mixed course in European stock markets the day before, the DAX40 index managed to end the session with limited positivity. The DAX40 index futures contract started the day when the US inflation data will be announced at 16720. While preparing the analysis, the index, which is trading with buyers close to 16790, can be followed with the US inflation data and the course of European stock markets during the day. As long as the DAXEUR index is trading above the 16726 - 16800 region with support from the 34-period average, positive expectations are at the forefront. In increases, increases towards 16800 - 16940 levels can be observed. In possible decreases, it can be expected that the index will be trading below the 16726 support and that selling pressure will increase. In this case, the 16600 level can be followed as support. It will continue to remain positive above the 16726 - 16800 region. Support: 16600 – 16510 Resistance: 16800 – 16940
Bitcoin finally got the EFT Approval that has been awaited for months yesterday. As we thought, SELL THE NEWS happened and retreated to 44400. Although it was a disappointment for investors, Ethereum in particular provided a return of over 10% and ARB, one of the projects related to it, managed to become the altcoin that increased the most. The expectation of EFT Applications related to Ethereum soon played an important role in this. After this, we expect Bitcoin to continue to rise during the Halving process, where we will see less movements, and finally start the much-anticipated Bull Season. Support: 44400 Resistance: 48400
While inflation is recorded as the main theme for EURUSD, the PPI that we will reach the conclusion from the US today is the last critical development of the week. When we evaluate the EURUSD parity in the short term, although it accepts the 1.0930 level as the bottom, we observe that the relevant increases are limited to the 55-period average (1.0970) each time. In an environment where the Buyer - Seller struggle is striking, permanent movements outside the 1.0890 - 1.0970 levels are needed for clearer movements. However, under this condition, the 1.1145 peak or the 1.0715 bottom point may occupy our agenda. Otherwise, it may want to continue the decision-making process by following a tight course within the 1.0890 - 1.0970 levels for a while longer. The EURUSD parity is in the decision-making phase within the 1.0890 - 1.0970 levels. Support: 1.0890 - 1.0850 Resistance: 1.1090 - 1.1145
Before the critical developments for the GBPUSD parity, the Classic Dollar Index is in the decision phase in an important region. Today, the Growth and Industrial Production data from England will be important. In the short term, the 200-period average of 1.2639 maintains its importance for the GBPUSD parity, while the parity may want to continue its rise above the relevant average. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. Especially the channel's current upper point of 1.2875 is important. In terms of possible reaction thinking, as long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme, the 200-period average continues to be the main support for the GBPUSD parity, and the intermediate support 34-period average 1.2726 can also be followed in terms of how eager the reaction thinking is. Support: 1.27260 Resistance: 1.28250
USDJPY Pair Classic Dollar Index 34-day average 102.55, US 10-year bond interest rate 233-day average 4.01 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring the expectation that possible reaction sales regarding parities may remain limited to the agenda. It continues to price above the 55-day period. The parity, which started the day with a decline, is priced below its 200-day average. If the day closes above 145.810, the beginning of an uptrend is expected. If there is a decline, it is expected to reach 144.440. Support: 144.110 Resistance: 145.810
USDTRY is currently trading close to 30.07 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.70 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.15, 30.23 and 30.30 levels can be observed. Permanent movements above 30.30 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.20) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
On the last trading day of the week; with the support of the US 10-year Treasury bond yield falling below 4%, ounce gold showed some recovery in the short term. Producer inflation data can be followed during the day due to its possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2024 - 2044 region, which is currently supported by the 34 (2034) period exponential moving average. As precious metal pricing occurs within the 2024 - 2044 region, the decision phase scenario may be valid. In possible recoveries, 2052 and 2061 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2024 level may be required. In possible declines, 2017 and 2012 levels may be encountered. Support: 2024-2017 Resistance: 2052-2061
The US-led coalition's airstrikes against the Houthis in Yemen have been effective in increasing oil prices. In addition to the attacks in the Red Sea, Iran's seizure of a commercial ship yesterday increased tensions. Developments in the region and the course of European and US stock markets can be followed during the day. As long as prices remain above the 72.50-73.00 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 74.00 and 74.50 levels can be targeted. In possible decreases, the 72.50-73.00 support attitude can be followed. A break of this support and hourly closings in the region may bring the 72.00 and 71.50 levels to the agenda. Support: 72.50 Resistance: 74.50
The US-led coalition's airstrikes against the Houthis in Yemen have been effective in increasing oil prices. In addition to the attacks in the Red Sea, Iran's seizure of a commercial ship yesterday increased tensions. Developments in the region and the course of European and US stock markets can be followed during the day. In the upcoming period, as long as prices remain above the 78.00 - 78.50 support, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels can be targeted. In possible decreases, the 78.00 - 78.50 support attitude can be followed. The breakdown of this support and possible hourly closings in the region may bring the 77.50 and 77.00 levels to the agenda. In the upcoming period, as long as prices remain above the 78.00 - 78.50 support, an upward outlook may be at the forefront. Support: 77.00 Resistance: 79.50
The US inflation data announced the other day exceeded expectations in both core and headline data. While pullbacks were observed in US indices, the continued easing in core inflation, despite being above expectations, allowed the Nasdaq index to regain what it lost after the data. In the PPI data to be announced today, a 0.2% increase is expected in both core and core on a monthly basis. The headline data is also expected to reach 1.4% annually. As long as the Nasdaq index moves above the 16740 - 16900 region in the short term, positive expectations are at the forefront. In the continuation of recoveries, the 17000 - 17100 levels can be followed as resistance. In possible declines, the index moving below the 20-period average support of 16740 may bring negative expectations to the forefront. Support: 16630 - 16540 Resistance: 16900 - 17000
For DAXEUR The day before, the US inflation data was announced above expectations, and parallel to the selling pressure on the US stock exchanges, European stock exchanges also showed a negative trend. The DAXEUR index, which closed with a decrease of nearly 1% yesterday, opened the last trading day of the week at 16650. As long as the DAXEUR index remains below the 16690 -16780 region with support from the 34-period average, negative expectations are at the forefront. In possible declines, 16626-16510 levels can be followed as support. In possible recoveries, prices towards 16800 - 16940 levels can be followed with the index closing above the 16800 resistance. Support: 16626 - 16510 Resistance: 16800 - 16940
Bitcoin traded above $49,000 for the first time since December 2021, after the US regulator approved funds traded on the Bitcoin exchange and ETF orders started coming in. It is gradually approaching its old record level. Much more active times await us, as there will be both a halving process and an exchange ETF application process for ETH and XRP. Over $2 billion entered the exchange ETFs yesterday. This figure seems quite sufficient and determines our target area as $70,000 for the future. Support: 44400 Resistance: 48400
For EURUSD, intensive calendar data awaits us in the dynamics of the new week. When we evaluate the EURUSD parity in the short term, while the bottom point of the rising channel is important at 1.0930, as long as the parity continues its course on the relevant region, a possible pricing reaction towards the peak of 1.1145 may want to occupy our agenda. Although the first intermediate resistance channel top point before 1.1145 is 1.1000, we can describe it as weak as long as the channel is not broken in the event of a possible reaction. It should not be forgotten that permanent movements below the level of 1.0930 are needed in terms of monitoring a possible strengthening on the dollar front and when our current scenario regarding the parity will be deemed invalid. However, under this condition, a new expectation towards the bottom point of 1.0715 may occupy the agenda. Support: 1.0890 – 1.0850 Resistance: 1.1090 – 1.1145
For the GBPUSD parity, today, stocks and agricultural commodities are closed in the US, and early closing will be observed in other instruments except for the parity. When we evaluate the GBPUSD parity in the short term, the 200-period average (1.2645) maintains its importance as the main support and the 34-period average (1.2732) as the intermediate support, while the parity may want to continue its rise on the relevant averages. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. In particular, the reaction to be given at the level of 1.2782 should be followed in the short term in answering the question of whether it is a reaction sale or a trend rally towards the channel upper point 1.2875. In terms of possible reaction, as long as we do not follow a sharp news flow regarding the weak Sterling strong Dollar theme, the averages continue to be support for the GBPUSD parity. Support: 1.26450 Resistance: 1.28250
USDJPY Pair Classic Dollar Index 34-day average 102.55, US 10-year bond interest rate 233-day average 4.01 is important, but it should not be forgotten that negative pressure continues as long as reference indicators are not exceeded. This attitude may bring the expectation that possible reaction sales regarding parities may remain limited. It continues to price above the 55-day period. The parity, which started the day with an increase, is priced below its 200-day average. If the day closes above 145.810, the beginning of an uptrend is expected. If there is a decrease, it is expected to reach 144.440. Support: 144.410 Resistance: 145.810
USDTRY is currently trading close to 30.09 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.70 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.15, 30.23 and 30.30 levels can be observed. Permanent movements above 30.30 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.20) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
On the first trading day of the week; after the US PPI data showed a decrease of 0.1% on a monthly basis, the 10-year treasury bond yield moved below 3.94%, and the ounce of gold showed some recovery in the short term. When we evaluate the short-term ounce gold pricing technically, we are following the 2033 - 2044 region, which is currently supported by the 34 (2039) period exponential moving average. As the 2033 - 2044 region acts as a barrier limiting pullbacks in precious metal pricing, the desire for an increase may remain at the forefront. If the upward trend continues, the 2061 and 2070 levels may come to the fore. In the alternative case, it may be necessary to see permanence below the 2033 - 2044 region for the desire for a decrease to come to the fore. In this case, the 2024 and 2017 levels may be encountered in possible pullbacks. Support: 2024-2017 Resistance: 2052-2061
Oil prices showed little change at the beginning of the week after the decline experienced on Friday. The tension that increased with the US airstrikes against the Houthis caused effective increases last week. The course of European and US stock markets can be followed during the day. In the upcoming period, pricing and hourly closings that may occur outside the 72.50 - 73.00 region may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 73.00. In this case, the levels of 73.50 and 74.00 can be targeted. In possible declines, the attitude of the 72.50 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the levels of 72.00 and 71.50 to the agenda. In the upcoming period, pricing and hourly closings that may occur outside the 72.50 - 73.00 region may clarify the search for direction. Support: 72.00 Resistance: 73.50
Oil prices showed little change at the beginning of the week after the decline experienced on Friday. The tension that increased with the US airstrikes against the Houthis caused effective increases last week. The course of European and US stock markets can be followed during the day. In the upcoming period, pricing and hourly closings that may occur outside the 78.00 - 78.50 region may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 78.50. In this case, 79.00 and 79.50 levels can be targeted. In possible declines, the attitude of the 78.00 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the 77.50 and 77.00 levels to the agenda. In the upcoming period, pricing and hourly closings that may occur outside the 78.00 - 78.50 region may clarify the search for direction. Support: 77.00 Resistance: 79.50
On the last trading day of the week we left behind, the Producer Price Index, the Fed's preferred inflation indicator, fell by 0.1% in December. The data, which created a positive perception for the decline in inflation, supported the markets' expectations that the Fed will cut interest rates for the first quarter of this year. This week, along with the balance sheet season, the data on the course of economic activity to be announced in the middle of the week in terms of the economic calendar are among the titles to be followed for the index. As long as the Nasdaq index moves above the 16740 - 16800 region in the short term, positive expectations are at the forefront. In the continuation of the increases, the 16900 - 17000 levels can be followed as resistance. In possible decreases, the index moving below the 20-period average support of 16740 may bring negative expectations to the forefront. Support: 16740 - 16630 Resistance: 16900 - 17000
For DAXEUR Last week, European stock markets adapted to the oppressive outlook as the decline in German industrial production negatively affected the regional economy. While geopolitical risks are expected to affect the course of the stock markets throughout the week, the German ZEW index to be announced tomorrow and the US economic activity data to be followed in the middle of the week are among the headlines to be watched for index movements. As long as the DAX40 index remains below the 16690 -16800 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, the 16626 - 16510 levels can be followed as support. In possible recoveries, prices towards the 16800 - 16940 levels can be watched with the index closing above the 16800 resistance. Support: 16626 - 16510 Resistance: 16800 - 16940
Bitcoin traded above $49,000 for the first time since December 2021 after the US regulator approved funds traded on the Bitcoin exchange and ETF orders started coming in. After a major correction, it fell to 41,000 levels, completing exactly the 20% correction we were expecting. Much more active times await us as there will be both a halving process and an exchange ETF application process for ETH and XRP. Yesterday, over $6 billion entered the exchange ETFs. This figure seems quite sufficient and determines our target area as $70,000 for the future. Support: 41,400 Resistance: 43,400
For EURUSD, today's CPI and ZEW Economic Sentiment from Germany, Manufacturing Index from the US and FOMC member Waller's speech can be explained as developments to watch out for. When we evaluate the EURUSD parity in the short term, it can be expected that the parity will adapt to the new negative outlook as long as the rise in the Dollar Index continues due to the end of the upward channel. Although the 1.0930 - 1.0965 region is important in terms of price, it can be observed that the pressure for the parity continues under the relevant region. With this in mind, a decline towards the supports of 1.0890, 1.0850 and 1.0805 can be seen. It should not be forgotten that in a possible recovery process, permanent movements are needed above the 1.0930 - 1.0965 region in order for the parity to return to the positive trend it ended. However, under this condition, a new expectation towards the 1.1145 peak may occupy the agenda. Support: 1.0850 – 1.0805 Resistance: 1.1090 – 1.1145
For the GBPUSD parity, today's employment market data from the UK, the Manufacturing Index from the US and the speech of FOMC member Waller can be explained as developments to be noted. When we evaluate the GBPUSD parity in the short term, the 200-period average (1.2649) maintains its importance as the main support and the 34-period average (1.2725) as the intermediate support, while the parity may want to continue its rise on the relevant averages. With this in mind, pricing can be monitored towards the barriers of 1.2782, 1.2825 and 1.2875. In particular, the reaction to be given at the level of 1.2782 should be followed in the short term in answering the question of whether it is a reaction sale or a trend rally towards the channel upper point of 1.2875. In terms of possible reaction, as long as we do not follow a sharp news flow regarding the theme of weak Sterling and strong Dollar, the averages continue to be support for the GBPUSD parity. Support: 1.26450 Resistance: 1.28250
For the USDJPY pair, the 34-day average of 102.60 for the Classic Dollar Index and the 233-day average of 3.99 for the US 10-year bond interest rate are important, but it should not be forgotten that the negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the pairs may remain limited. The USDJPY pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 147.110, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 144.440. Support: 144.410 Resistance: 148.810
USDTRY is currently trading close to 30.09 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.79 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.15, 30.23 and 30.30 levels can be observed. Permanent movements above 30.30 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.20) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
The effect of the recovery of the US 10-year treasury bond yield towards 4% allowed the ounce of gold to see some pressure in the short term. The NY Empire State manufacturing index can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2044 level, which is currently supported by the 34 (2044) period exponential moving average. As long as the 2044 level limits the downward demand in precious metal pricing, the positive trend may continue. If the upward demand continues, there may be movement towards the 2052 and 2061 levels. In the alternative case, it may be necessary to see persistence below the 2044 level for the negative trend to come to the fore. In this case, the 2033 and 2024 levels may be encountered in possible pullbacks. In the meantime, the attitude of the 2033 level, which is supported by the short-term trend line (falling), can be monitored for the continuation of the pullback expectation. Support: 2034-2027 Resistance: 2052-2061
Oil prices fell on the first trading day of the week despite the high geopolitical risk, but then recovered and returned to the band they had at the beginning of the week. While the US markets were closed yesterday, today will open with data. Before that, the European session can be followed. In the upcoming process, pricing and hourly closings that may occur outside the 72.30 - 73.00 region may clarify the search for direction. The desire to rise may come to the fore with the course and hourly closings above 73.00. In this case, the 73.50 and 74.00 levels can be targeted. In possible declines, the attitude of the 72.30 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the 71.90 and 71.50 levels to the agenda. Support: 71.50 Resistance: 73.50
Oil prices fell on the first trading day of the week despite the high geopolitical risk, but then recovered and returned to the band they had at the beginning of the week. While the US markets were closed yesterday, today will open with data. Before that, the European session can be followed. In the upcoming process, pricing and hourly closings that may occur outside the 77.90 - 78.60 region may clarify the search for direction. The desire for an increase may come to the fore with the course and hourly closings above 78.60. In this case, the 79.00 and 79.50 levels can be targeted. In possible declines, the attitude of the 77.90 support can be followed. The breakdown of this support and hourly closings that may occur in the region may bring the 77.50 and 77.00 levels to the agenda. In the upcoming process, pricing and hourly closings that may occur outside the 77.90 - 78.60 region may clarify the search for direction. Support: 77.00 Resistance: 79.50
The day before, when US stock exchanges were closed due to Martin Luther King Day, index futures traded sideways with limited negativity, with low volumes. The weakening of expectations for a reduction in the Fed supported the sell-off in the indexes. This week, along with the balance sheet season, is among the titles to be followed in terms of the economic calendar. For today, the statements of the FOMC members and the NY Empire State Manufacturing Index can be followed for index movements. As long as the Nasdaq index moves below the 16900 - 17000 region in the short term, negative expectations are at the forefront. In the continuation of the pullbacks, the 16640 - 16550 levels can be followed as support. In possible recoveries, positive expectations can come to the fore in the closings of the index above the 16900 resistance. In this case, increases towards the 17000 - 17100 levels can be observed again. Support: 16640 - 16550 Resistance: 16900 - 17000
For DAXEUR The contraction in the German economy the other day suppressed risk appetite. ECB member Holzmaan's statement that ongoing inflation will prevent the ECB from lowering interest rates this year also created pressure on stock markets. The DAXEUR index completed the day in the negative region close to 0.5%. The German ZEW index to be announced today and the US economic activity data to be followed in the middle of the week are among the headlines to be watched for index movements. As long as the DAXEUR index remains below the 16690 -16800 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, the 16400 - 16200 levels can be followed as support. In possible recoveries, prices towards the 16800 - 16940 levels can be watched with the index closing above the 16800 resistance. Support: 16400 - 16200 Resistance: 16800 - 16940
Bitcoin continued with low volume transactions on the day we left behind, when US stock exchanges were closed due to Martin Luther King Day. Today we will look at the demand status of ETF orders. Over 6 billion dollars have entered the stock exchange ETFs. This figure seems quite sufficient and this should continue. Since it has completed the 20% correction we expected, Bitcoin will now target upwards. Since there will be both the halving process in April and the stock exchange ETF application process for ETH and XRP, much more active times await us. Our target area is determined as 70,000 USD. Support: 41400 Resistance: 43400
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, although the 1.0930 - 1.0965 region is important, the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0850, 1.0805 and 1.0755 can be seen. In particular, the question of whether the 1.0755 negative outlook will turn into a rally or whether the declines have ended and the expectation of a medium-term increase will come to the fore can be followed separately. It should not be forgotten that in a possible recovery process, permanent movements above the 1.0930 - 1.0965 region are needed for the parity to return to the positive trend it ended. However, under this condition, a new expectation towards the 1.1145 peak may occupy the agenda. Support: 1.0805 - 1.0755 Resistance: 1.0930 - 1.0965
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the pricing we observed first under the 34-period average (1.2696) and then under the 200-period average (1.2648) highlighted the expectation that the positive trend for the pair would end. Important developments during the day and the attitude of the Dollar Index are important for the answer to the question of whether the pair really changed its trend. In this process, although the current averages maintain their importance, if the parity continues to remain below the averages, the possibility that the pressure could continue up to the 1.2480 support may occupy our agenda. Here, the intermediate support at 1.2615 can also be followed to answer the question of whether it is a negative rally or a reaction towards the ending trend zone. Support: 1.24800 Resistance: 1.26960
For the USDJPY pair, the 34-day average of 102.45 for the Classic Dollar Index and the 233-day average of 4.02 for the US 10-year bond interest rate are important, but it should not be forgotten that the negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the parities may remain limited. The USDJPY pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 148.110, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 145.570. Support: 145.570 Resistance: 149.600
USDTRY is currently trading close to 30.11 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.79 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.15, 30.23 and 30.30 levels can be observed. Permanent movements above 30.30 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.33) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
In the middle of the week; the US 10-year Treasury bond yield, after moving towards 4.08%, suppressed its increases and supported the ounce of gold to limit its decreases in the short term. When we evaluate the short-term gold ounce pricing technically, as long as it is traded below the 2030 level, which is currently supported by the 34-day period exponential moving average, negative expectations may come to the fore. If the desire to decrease continues, there may be a movement area towards the 2016 and 2008 levels. At this stage, the reaction of the 2021 level supported by the uptrend can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2042 and 2051 levels may be encountered in possible increases. Support: 2016-2008 Resistance: 2030-2042
Oil prices fell below averages again yesterday due to the pressure. While the attacks of the US and UK against the Houthis decreased, we saw that the data came in weaker than expected in China despite the base effect. Industrial production increased slightly above expectations. While the 4th quarter growth in the country was 5.2% on an annual basis, retail sales were 7.4%, below expectations (7.9%). The course of European and US stock markets can be followed during the day. As long as the pricing remains at and below the 72.00 - 72.50 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, the 71.50 and 71.00 levels can be targeted. In possible recoveries, as long as the 72.00 - 72.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 72.50 and hourly closings for the continuation of the upward desire. In this case, the 73.00 and 73.50 levels may come to the agenda. Support: 71.00 Resistance: 73.00
Oil prices fell below averages again yesterday with relatively limited pressure. While the attacks of the US and UK against the Houthis decreased, we saw that the data came in weaker than expected in China despite the base effect. Industrial production increased slightly above expectations. The course of the European and US stock markets can be followed during the day. As long as the pricing remains at and below the 78.00 - 78.50 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, the 77.50 and 77.00 levels can be targeted. In possible recoveries, as long as the 78.00 - 78.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 78.50 and hourly closings for the continuation of the upward desire. In this case, the 79.00 and 79.50 levels may come to the agenda. Support: 77.00 Resistance: 78.50
The sales deepened in the US stock markets after the holiday. In the conjuncture where the geopolitical risk environment is high, the statements from the FOMC members that will reduce the expectations of a discount towards the Fed support the increase in bond yields. While the Nasdaq index closed the previous day with a minus of -0.19%, the selling trend continues in the middle of the week when US manufacturing activities will be monitored. In the short term, the pricings that the Nasdaq index will make outside the 16800 - 16900 region will be monitored. Negative expectations may come to the fore in movements below the 16800 support. In the continuation of the pullbacks, the 16640 - 16550 levels can be monitored as support. In possible recoveries, positive expectations may come to the fore in the closings that the index will make above the 16900 resistance. In this case, increases towards the 17000 - 17100 levels can be monitored again. Support: 16640 - 16550 Resistance: 16900 - 17000
For DAXEUR The statements from ECB and Fed members the other day reduced the expected interest rate cut possibilities of major central banks for this year, while European indices followed a negative course in parallel with US indices. During the day, European Central Bank President Lagarde will speak at the World Economic Forum in Davos. The statements of FOMC members Barr and Bowman are also among the topics to be followed. As long as the DAXEUR index remains below the 16426 - 16500 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, 16300 - 16100 levels can be followed as support. In possible recoveries, prices towards 16590 - 16700 levels can be followed with the index closing above the 16500 resistance. Support: 16300 - 16100 Resistance: 16500 - 16700
Bitcoin, although it made upward moves the day we left behind, continued its downward trend with the bad data coming from China this morning, and still continues with low volume transactions. There was an inflow of over 6 billion dollars to the Stock Exchange ETFs in 2 days, and although it decreased by 1 billion yesterday, the inflow amounts still seem sufficient. Since it has completed the 20% correction we expected, there will now be upward targets in Bitcoin. Since there will be both the Halving process in April and the Stock Exchange ETF application process for ETH and XRP, much more active times will be waiting for us, our target area is determined as 70000 USD. Support: 41700 Resistance: 43670
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, although the 1.0930 - 1.0965 region is important, the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0890, 1.0850 and 1.0805 can be seen. In particular, the question of whether the 1.0755 negative outlook will turn into a rally or whether the declines have ended and the expectation of a medium-term increase will come to the fore can be followed separately. It should not be forgotten that in a possible recovery process, permanent movements above the 1.0930 - 1.0965 region are needed for the parity to return to the positive trend it ended. However, under this condition, a new expectation towards the 1.1145 peak may occupy the agenda. Support: 1.0805 - 1.0755 Resistance: 1.0930 - 1.0965
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, we observed a recovery in the pair in parallel with the return in the reference indicators. The attitude of the pair, which reached the 34-period average (1.2691) with this recovery, during the day is important in terms of interpreting the short-term outlook. The 34-period average (1.2691) and the 200-period average (1.2650) can be explained as the areas we will follow during the day. In the parity, which is in the decision phase within the averages, permanent movements outside the averages (preferably 4-hour closing) are needed for clearer movements. Otherwise, a squeeze within the averages can be observed. Support: 1.25920 Resistance: 1.27230
For the USDJPY pair, the 34-day average of 102.45 for the Classic Dollar Index and the 233-day average of 4.02 for the US 10-year bond interest rate are important, but it should not be forgotten that the negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the parities may remain limited. The USDJPY pair continues to price above the 55-day period. The parity, which started the day with a decline, is pricing above its 200-day average. If the day closes above 148.510, a New Ath idea may come to the agenda. If there is a decline, it is expected to reach 145.570. Support: 145.570 Resistance: 148.510
USDTRY is currently trading close to 30.14 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.82 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.15, 30.23 and 30.30 levels can be observed. Permanent movements above 30.43 may strengthen the upward trend. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.37) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
The US 10-year Treasury bond yield suppressing its movements above the 4.10% rate supported the ounce of gold to limit its declines in the short term. Applications for unemployment benefits, construction permits and the Philadelphia Fed manufacturing index can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2030 - 2021 region, which is currently supported by the 34 (2030) period exponential moving average. As the precious metal moves below the 2030 - 2021 region, the desire for decline may continue. If the downward pricing continues, the 2003 and 1993 levels may be encountered. In the alternative case, it may be necessary to see permanent pricing above the 2030 - 2021 region for the upward desire to come to the fore. In this case, the 2040 and 2052 levels may come to the fore in possible recoveries. Support: 2003-1993 Resistance: 2021-2030
Oil prices climbed above averages again with the recovery trend after the squeeze experienced yesterday. Although the American Petroleum Institute announced a decrease of 480 thousand barrels in stocks, since this remained below expectations, we can say that the Middle East agenda is the sustaining force. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains above the 72.00 - 72.50 support in the upcoming process, the upward view may be one step ahead. In possible increases, 73.00 and 73.50 levels can be targeted. In possible decreases, as long as the 72.00 - 72.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 72.00 and hourly closings for the continuation of the downward desire. In this case, the 71.50 and 71.00 levels may come to the agenda. Support: 71.50 Resistance: 73.50
Oil prices climbed above averages again with the recovery trend after the squeeze experienced yesterday. Although the American Petroleum Institute announced a decrease of 480 thousand barrels in stocks, since this remained below expectations, we can say that the Middle East agenda is the sustaining force. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains above the 77.50 support in the upcoming period, the upward view may be one step ahead. In possible increases, 78.50 and 79.00 levels can be targeted. In possible decreases, as long as the 77.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 and 76.50 levels may be on the agenda. Support: 77.50 Resistance: 79.00
Since the beginning of the week, messages from central bank officials have weakened the market's expectations that the Fed will start cutting interest rates as early as March, while the rise in US bond yields has created selling pressure on risky assets. Following retail sales data that came in well above expectations yesterday, interest rate cut expectations for March were priced above 90% in December, but as of yesterday, they dropped below 60%. In addition to the statements of FOMC members during the day, US housing data can be followed for index pricing. As long as the Nasdaq index is below the 16700 - 16800 region in the short term, negative expectations are at the forefront. In the continuation of pullbacks, the 16640 - 16550 levels can be followed as support. In possible recoveries, positive expectations may come to the fore in the closings that the index will make above the 16800 resistance. In this case, increases towards the levels of 16900 - 17000 can be observed again. Support: 16640 - 16550 Resistance: 16900 - 17000
For DAXEUR, while Eurozone inflation was announced in line with expectations, UK inflation came in above expectations. European Central Bank President Lagarde commented that the market's intense interest rate cut expectation made the work of central banks difficult. DAXEUR lost nearly 1% of its value the day we left behind. As long as the DAXEUR index remains below the 16426 - 16500 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, 16300 - 16100 levels can be followed as support. In possible recoveries, prices towards 16590 - 16700 levels can be followed with the index closing above the 16500 resistance. Support: 16300 - 16100 Resistance: 16590 - 16700
Bitcoin, although it made upward moves the day before, could not exceed a certain range The correction after ETF Approval is still ongoing. The most important reason for this is that Grayscale's spot Bitcoin ETF has produced $1.1 billion in 3 trading days. (Thursday-Friday-Tuesday, Monday was a holiday in the US) Investors were released from the lock, sales began He states that the outflows experienced in Grayscale came from customers who "stayed inside" due to factors such as the long-term depreciation of the GBTC fund and the inability of those who bought the fund to sell for at least 6 months. With the transformation of GBTCs into ETFs and the discount rate, which was up to 50 percent last year, coming to 1%, investors who saw a sales opportunity sold their assets. Bitcoin is also stuck in the 43670-41700 range. Support: 41700 Resistance: 43670
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, although the top point of the downtrend is 1.0930, the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0850, 1.0805 and 1.0755 can be seen. In particular, the question of whether the negative outlook at 1.0755 will turn into a rally or whether the declines have ended and the expectation of a medium-term increase will come to the fore can be followed separately. It should not be forgotten that in a possible recovery process, permanent movements above 1.0930 are needed for the parity to return to the positive trend it ended. However, under this condition, a new expectation towards the peaks of 1.1045 and 1.1145 may occupy the agenda. Support: 1.0805 – 1.0755 Resistance: 1.0930 – 1.1045
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, we observed a recovery in the pair in parallel with the return in the reference indicators. The attitude of the pair, which reached the 34-period average (1.2691) with this recovery, during the day is important in terms of interpreting the short-term outlook. The 34-period average (1.2691) and the 200-period average (1.2650) can be explained as the areas we will follow during the day. In the parity, which is in the decision phase within the averages, permanent movements outside the averages (preferably 4-hour closing) are needed for clearer movements. Otherwise, a squeeze within the averages can be observed. Support: 1.25920 Resistance: 1.27820
For the USDJPY pair, the 34-day average of 102.45 for the Classic Dollar Index and the 233-day average of 4.02 for the US 10-year bond interest rate are important, but it should not be forgotten that the negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the pairs may remain limited. The USDJPY pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 149.600, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 147.635. Support: 147.635 Resistance: 149.600
USDTRY is currently trading close to 30.18 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.84 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.23, 30.30 and 30.37 levels can be observed. Permanent movements above 30.45 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.41) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.23 – 30.30
On the last trading day of the week; The US 10-year Treasury bond yield continuing its movements above 4.16% rate provided the recovery of ounce gold in the short term. Michigan consumer sentiment and inflation expectations and current home sales can be monitored during the day due to their possible effects. When we evaluate the short-term pricing of ounce gold technically, we are following the 2030 - 2021 region, which is currently supported by the 34 (2027) period exponential moving average. As the precious metal moves below the 2030 - 2021 region, the desire to fall may continue. If the downward pricing continues, the 2012 and 2003 levels may be encountered. In the alternative case, it is necessary to see permanent pricing above the 2040 - 2052 region for the upward desire to come to the fore. In this case, the 2040 and 2052 levels may come to the agenda in possible recoveries. Support: 2012-2023 Resistance: 2040-2052
The fact that the Iranian-backed Houthis continued their attacks in the Red Sea and kept the risk level high was effective in the increase in oil prices yesterday. We followed a calm course in the Asian session. The course of the European and US stock markets can be followed during the day. As long as the prices remain above the 73.00 - 73.50 support in the upcoming process, the upward view may be one step ahead. In possible increases, the 74.50 and 75.00 levels can be targeted. In possible decreases, as long as the 73.00 - 73.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 73.00 and hourly closings for the continuation of the downward desire. In this case, the 72.50 and 72.00 levels may come to the agenda. Support: 72.50 Resistance: 74.50
The fact that the Iranian-backed Houthis continued their attacks in the Red Sea and kept the risk level high was effective in the increase in oil prices yesterday. We followed a calm course in the Asian session. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 78.00 - 78.50 support in the upcoming process, the upward view may be one step ahead. In possible increases, 79.50 and 80.00 levels can be targeted. In possible decreases, as long as the 78.00 - 7850 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 78.00 and hourly closings for the continuation of the downward desire. In this case, the 77.50 and 77.00 levels may come to the agenda. Support: 77.50 Resistance: 79.50
Following the sharp decline following the retail sales figures that exceeded expectations, the risk appetite in the stock markets remained positive the other day. Following the Nasdaq TSM company's announcement of an above-expected profit forecast for 2024, Apple and Nvidia rose. The University of Michigan consumer survey to be released today can be followed for index movements. As long as the Nasdaq index remains above the 16900 - 17000 region in the short term, positive expectations are at the forefront. The 17100 - 17200 levels can be followed as support. In possible corrections, negative expectations may come to the forefront as the index breaks the 16900 support downwards. In this case, declines towards the 16840 - 16750 levels can be observed again. Support: 16840 - 16750 Resistance: 17100 - 17200
DAXEUR ended yesterday with an increase parallel to the US stock exchanges. DAXEUR, which gained close to 1%, started the last trading day of the week with a seller. While preparing the analysis, intraday data will be examined for the index showing signs of recovery. As long as the DAXEUR index moves below the 16626 - 16700 region with support from the 34-period average, negative expectations are at the forefront. In the continuation of the pullbacks, 16300 - 16100 levels can be followed as support. In possible recoveries, prices towards 16690 - 16800 levels can be followed with the index closing above the 16700 resistance. In summary, negative Support below the 16626 - 16700 region: 16300 - 16100 Resistance: 16690 - 16800
Bitcoin continues to decline the day we left behind The correction after ETF Approval is still ongoing. The most important reason for this is that Grayscale's spot Bitcoin ETF has withdrawn $ 1.8 billion in 4 trading days. (Thursday-Friday-Tuesday-Wednesday, Monday was a holiday in the US) Investors were released from the lock, sales began He states that the outflows experienced in Grayscale came from customers who "stayed inside" due to factors such as the long-term depreciation of the GBTC fund and the inability of those who bought the fund to sell for at least 6 months. With the transformation of GBTCs into ETFs and the discount rate, which was up to 50 percent last year, coming to 1%, investors who saw a sales opportunity sold their assets. Bitcoin is also stuck in the 43670-40700 range. Support: 40700 Resistance: 43670
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, the upper point of the downtrend is important at 1.0890 - 1.0930, and the parity is trying to decide in the relevant region. Especially the negative course in the Dollar index strengthens the idea of changing the parity's trend. However, since the trend has not changed yet, it will be important to describe today as the decision phase. In terms of general strategy, while we care about the levels of 1.0850 and 1.0930, the expectation that the negative trend will continue below 1.0850 and the end of the negative trend above 1.0930 may occupy our agenda. Support: 1.0855 - 1.0755 Resistance: 1.0930 - 1.1045
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2655 - 1.2690 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
For the USDJPY pair, the 34-day average is 102.45 for the Classic Dollar Index, and for the US 10-year bond interest rate, the 233-day average is 4.02. However, it should not be forgotten that the negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the pairs may remain limited. The USDJPY pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 149.600, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 147.635. Support: 147.635 Resistance: 149.600
USDTRY is currently trading close to 30.20 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.88 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.23, 30.30 and 30.37 levels can be observed. Permanent movements above 30.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.45) are on the agenda. Support: 29.90 – 29.70 Resistance: 30.30 – 30.48
On the first trading day of the week; Due to the limited movement of the US 10-year Treasury bond yield around the 4.10% rate, ounce gold recorded relatively horizontal pricing in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2021 - 2030 region, which is currently supported by the 34 (2027) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In the meantime, the attitude of the 2040 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be monitored in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052
Oil prices started the week with a limited decline due to the resumption of operations at Libya's largest production site after a 3-week hiatus. However, the disruption of shipments in the Red Sea and Israel's rejection of the hostage swap offer are still causing tensions in the region. The course of European and US stock exchanges can be followed during the day. As long as pricing remains below the 73.50 - 74.00 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, 72.50 and 72.00 levels can be targeted. In possible recoveries, as long as the 73.50 - 74.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 74.00 and hourly closings for the continuation of the upward desire. In this case, 74.50 and 75.00 levels may come to the agenda. Support: 72.50 Resistance: 74.50
Oil prices started the week with a limited decline due to the resumption of operations at Libya’s largest production site after a 3-week hiatus. However, the disruption of shipments in the Red Sea and Israel’s rejection of the hostage swap offer are still causing tensions in the region. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 78.50 – 79.00 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, the 78.00 and 77.50 levels may be targeted. In possible recoveries, as long as the 78.50 – 79.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 79.00 and hourly closings for the continuation of the upward trend. In this case, the 79.50 and 80.00 levels may be on the agenda. As long as pricing remains below the 78.50 – 79.00 resistance in the upcoming period, the downward trend may be one step ahead. Support: 77.50 Resistance: 79.50
Last week, we followed the cautious statements made by the Fed members regarding the discount expectations. After the retail sales data announced well above expectations in the middle of the week, the Nasdaq index, which made a downward correction, rose under the leadership of Apple and Nvidia after the world's second most valuable chipmaker TSM announced an above-expected profit forecast for 2024. The Michigan consumer confidence announced on Friday supported this momentum and supported the Nasdaq index to close at a record level with a 1.7% increase. As long as the Nasdaq index is above the 17000 - 17100 region in the short term, positive expectations are at the forefront. In the continuation of the rise, the 17600 - 17700 levels can be followed as resistance. Support: 17100 - 17000 Resistance: 17600 - 17700
Last week, ECB President Lagarde made several statements at the Davos Summit, which caused the markets to reduce interest rates. While a horizontal negative trend dominated European stock markets throughout the week, President Lagarde's statements will be monitored this week in terms of the ECB interest rate decision and the messages she will give to the market after the decision. The ECB is expected to keep the interest rate constant at 4.5%. As long as the DAXEUR index moves within the 16526 - 16700 region with support from the 34-period average, the decision-making stage scenario is at the forefront. With the index breaking down the 16526 support, pullbacks to the 16400 - 16200 levels may come to the agenda again. In possible recoveries, pricing towards the 16800 - 16900 levels can be observed with the index closing above the 16700 resistance. Support: 16400 – 16200 Resistance: 16800 – 16900
The day before yesterday, both manufacturing and service PMI data in the US increased above expectations and entered the expansion zone. The rally in stock markets continued with strong balance sheets. Tesla balance sheet announced after the US markets closed decreased by 6% due to the decrease in gross profit margin and created pressure on the Nasdaq index. Today, US growth data and ECB interest rate decision can be followed in terms of its impact on index movements. Positive expectations are at the forefront as long as the Nasdaq index is above the 17400 - 17500 region in the short term. In the continuation of the rise, 17600 - 17700 levels can be followed as resistance. In possible corrections, negative expectations may come to the fore with the index breaking the 17400 support downwards. In this case, declines towards 17300 - 17200 levels can be followed again. Support: 17300 - 17200 Resistance: 17600 - 17700
Ahead of today's ECB interest rate decision, German manufacturing PMI data came in above expectations and remained in the contraction zone. The DAXEUR index increased by 1.5% with the decline in German bond yields. While the central bank is expected to keep interest rates unchanged at 4.5% in today's ECB interest rate decision, President Lagarde's speech is among the headlines to be followed along with US growth data due to its effects on the index. As long as the DAXEUR index moves above the 16726 - 16800 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17000 - 17100 level can be followed as resistance. In possible declines, the index can be expected to close below the 16726 - 16800 region for negative expectations. In this case, pullbacks towards the 16600 - 16475 levels can be observed. Support: 16700 – 16500 Resistance: 16900 – 17000
We think that Bitcoin has entered a period of stagnation for a while. We expect this stagnation to continue until the Fed Interest Rate Decision at the end of the month. While our previous analyses have completely come true, we expect sales to decrease and become more dynamic in GRAYSCALE from now on. BTC, which will probably wander in the 38000-42000 band until the end of the month, we predict that it will slowly rise by gaining its real momentum after this date. Support: 38000 Resistance: 42000
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, the upper point of the downtrend is important at 1.0850 - 1.0930, and the parity is trying to decide in the relevant region. Especially the negative course in the Dollar index strengthens the idea of changing the parity's trend. However, since the trend has not changed yet, it will be important to describe today as the decision phase. In terms of general strategy, while we care about the levels of 1.0820 and 1.0910, the expectation that the negative trend will continue below 1.0820 and the end of the negative trend above 1.0910 may occupy our agenda. Support: 1.0820 - 1.0755 Resistance: 1.0910 - 1.1015
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2664 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
USDJPY Pair While markets in Japan are trying to predict when to exit the negative interest rate policy, Tokyo core inflation reached its lowest level since March 2022 and became 1.6%. This is a development that may put pressure on the markets' expectations of exiting negative interest rates. While the 34-day average of 102.45 for the Classic Dollar Index and the 233-day average of 4.02 for the US 10-year bond interest rate are important, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. The USDJPY Pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 149.100, the idea of a New Ath may come to the fore. If there is a decrease, it is expected to reach 147.135. Support: 147.135 Resistance: 149.100
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.30 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 29.97 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.32, 30.41 and 30.50, and permanent movements above 30.58 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.60) are on the agenda. Support: 30.00 – 29.80 Resistance: 30.37 – 30.48
After the US 10-year Treasury bond interest approached 4.20%, it pulled back to 4.15%, and in the short term, ounce gold recorded an outlook that limited its retreats. When we technically evaluate the short-term ounce gold pricing, we are following the 2021-2030 region, which is currently supported by the 34 (2023) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, 2040 and 2052 levels may be on the agenda. In order for negative expectations to come to the fore, permanence below the 2012 level may be required. In possible declines, 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be monitored in order for the retreat trend to continue. Support: 2012-2003 Resistance: 2040-2052
Oil prices climbed to their highest levels in 2 months during the week, in addition to data showing that stocks in the US have been declining, along with the attack on Russia's oil export facility and the US-led partnership continuing its attacks on the Houthis. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 76.00 - 76.50 support level in the upcoming period, the upward trend may be one step ahead. In possible increases, 77.50 and 78.00 levels can be targeted. In possible decreases, as long as the 76.00 - 76.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 76.00 and hourly closings for the continuation of the downward desire. In this case, the 75.50 and 75.00 levels may come to the agenda. Support: 75.50 Resistance: 77.50
Oil prices climbed to their highest levels in 2 months during the week, in addition to data showing that stocks in the US have been declining, along with the attack on Russia's oil export facility and the US-led partnership continuing its attacks on the Houthis. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 81.50 - 82.00 support level in the upcoming period, the upward trend may be one step ahead. In possible increases, 82.50 and 83.00 levels can be targeted. In possible decreases, as long as the 81.50 - 82.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 80.50 Resistance: 82.50
The US economy grew by 3.3% above expectations the other day, increasing soft landing scenarios for the Fed. The total interest rate increase expected for this year in swap markets increased to 140 basis points. On the last trading day of the week, Asian stock markets opened negatively due to the decrease in interest in China's market support package, while US index futures started the day with sellers. Today, PCE data, one of the most important data of the week, will be followed on the economic calendar. We are following the 17400 - 17600 region in the short term for the Nasdaq index. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, 17400 - 17300 levels can be followed as support. For positive expectations, the 17600 resistance can be expected to be broken upwards. Exceeding the 17700 level can be expected to confirm positive expectations. Support: 17300 - 17200 Resistance: 17400 - 17600
The ECB left the policy rate unchanged at 4.5% as expected the day before, while the positive perception in the markets regarding the interest rate cut process increased the risk appetite in European stock markets. While European bond yields fell, the DAXEUR index managed to finish the day in positive territory despite the pullbacks at the end of the session with a premium. The PCE data to be announced in the US today can be followed in terms of its impact on index movements. As long as the DAXEUR index moves above the 16800 - 16900 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17000 - 17100 level can be followed as resistance. In possible declines, the index can be expected to be suppressed around the 17100 resistance and close below the 16800 - 16900 region for negative expectations. In this case, pullbacks towards the 16726 - 16600 levels can be observed. Support: 16726 – 16600 Resistance: 17000 – 17100
We think that Bitcoin has entered a period of stagnation for a while. Yesterday was a day when volumes decreased. BTC continued to move in the 40,000 band. Despite this, we watched the rise of altcoins. The positive development was the decrease in Grayscale sales. We expect this stagnation to continue until the Fed Interest Rate Decision at the end of the month. While our previous analyses are fully realized, we expect sales in GRAYSCALE to decrease and gain a more dynamic structure from now on. BTC, which will probably wander in the 38,000-42,000 band until the end of the month, we predict that it will slowly rise by catching its real momentum after this date. Support: 38,000 Resistance: 42,000
For EURUSD, the decisions of 2 important central banks (Fed and BoE) in the new week, PMI for the Services and Manufacturing sectors, Euro Zone CPI and US Non-Farm Employment will be the main macro headings we need to focus on. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0882) is important, although there are certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0820 – 1.0755 Resistance: 1.0910 – 1.1015
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2664 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
USDJPY Pair starts the week as markets in Japan try to predict when to exit the negative interest rate policy, while Tokyo core inflation reached its lowest level since March 2022 and became 1.6%. This is a development that may put pressure on the markets' expectations of exiting negative interest rates. While the 34-day average of 102.45 for the Classic Dollar Index and the 233-day average of 4.02 for the US 10-year bond interest rate are important, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. USDJPY Pair continues to price above the 55-day period. The parity, which started the day with an increase, is priced above its 200-day average. If the day closes above 149.100, the idea of a New Ath may come to the fore. If there is a decrease, it is expected to reach 147.135. Support: 147.135 Resistance: 149.100
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.33 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 29.97 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.33, 30.41 and 30.50, and permanent movements above 30.57 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.62) are on the agenda. Support: 30.00 – 29.80 Resistance: 30.38 – 30.60
On the first trading day of the week, ounce gold has recovered somewhat in the short term due to the pullback of the US 10-year Treasury bond yield to 4.13% and the increase in geopolitical risks in the Middle East. Technically speaking, we are following the 2021-2030 region, which is currently supported by the 34-day (2022) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In order for the negative expectation to come to the fore, permanence below the 2012 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be followed in order for the withdrawal trend to continue. Support: 2012-2003 Resistance: 2040-2052
Following the attacks carried out by groups said to be backed by Iran in Jordan and the Red Sea, oil prices started the week with an increase again. It was reported that 3 American soldiers lost their lives and 34 were injured in the drone attack in Jordan. An oil tanker was attacked in the Red Sea. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 77.50 - 78.00 support in the upcoming period, the upward outlook may be one step ahead. In possible increases, 79.00 and 79.50 levels can be targeted. In possible decreases, as long as the 77.50 - 78.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 and 76.50 levels may come to the agenda. Support: 77.50 Resistance: 79.50
Following the attacks carried out by groups said to be backed by Iran in Jordan and the Red Sea, oil prices started the week with an increase again. It was reported that 3 American soldiers lost their lives and 34 were injured in the drone attack in Jordan. An oil tanker was attacked in the Red Sea. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 82.50 - 83.00 support in the upcoming process, the upward view may be one step ahead. In possible increases, 84.00 and 84.50 levels can be targeted. In possible decreases, as long as the 82.50 - 83.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 82.50 and hourly closings for the continuation of the downward desire. In this case, the 82.00 and 81.50 levels may come to the agenda. Support: 82.50 Resistance: 84.50
Last week, the PMI, growth, durable goods orders, weekly unemployment claims data announced until the PCE data strengthened the expectations that the Fed could make a soft landing this year without putting the economy into recession. This week, the Fed interest rate decision and the statements of Fed Chair Powell after the decision stand out due to their noticeable effects on the stock markets. Microsoft, Apple, Amazon, Meta, Alphabet balance sheets are also among the important balance sheets expected for the Nasdaq index. We are monitoring the 17500 - 17600 region in the short term for the Nasdaq index. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, the 17400 - 17300 levels can be monitored as support. For positive expectations, the 17600 resistance can be broken upwards. Exceeding the 17700 level can be expected to confirm the positive expectation. In the continuation of the rise, the levels 17800 - 17900 can be followed as resistance. Support: 17400 - 17300 Resistance: 17500 - 17600
While the ECB did not change the policy rate last week, the Eurozone inflation to be announced this week is expected to increase from 2.9% to 3% on an annual basis. While German bond yields fell, the German DAXEUR index closed the week with an increase of nearly 2%. The German growth data to be announced on Tuesday and the German inflation data to be announced on Wednesday can be counted among the headlines to be followed for the DAXEUR index, as they are leading data. As long as it moves above the 16900 - 17000 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17100 - 17200 level can be followed as resistance. In possible declines, the index can be expected to be suppressed around the 17100 resistance and close below the 16900 - 17000 region for negative expectations. In this case, pullbacks towards the 16800 - 16726 levels can be observed. Support: 16726 – 16600 Resistance: 17000 – 17100
Bitcoin started to accelerate upwards after Wednesday of last week, the effect of the decrease in sales in GRAYSCALE was very high, especially before the Halving in April, we predict that Bitcoin, which is gaining strength, will rise even more. After the Fed Interest Rate Decision on Wednesday, Powell's Speech may take Bitcoin to 44000 in the short term, but it should not be forgotten that if the possible Hawk speaks prudently, it may enter a short selling process again. 38000 will be both a good place to buy for us and there is no event on the agenda that could reduce this figure even further. In the short term, 43200 will be our resistance and 41800 will be our support point. Support: 41800 Resistance: 43200
For EURUSD, we will focus on the German Gross Domestic Product data today at 12:00. (Fed and BoE), Euro Zone CPI and US Non-Farm Employment will be the macro headlines we need to focus on for the rest of the week. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0882) is important, although there are certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0800 – 1.0755 Resistance: 1.0890 – 1.0965
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2664 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2592 Resistance: 1.2782
USDJPY Pair The Bank of Japan maintained its extremely loose monetary policy last Tuesday, but signaled that the conditions for phasing out major stimulus have been met, indicating that it may soon end negative interest rates. The 34-day average for the Classic Dollar Index is 102.45, while the 233-day average for the US 10-year bond interest rate is 4.02. Although it is important, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. The USDJPY Pair continues to price above the 55-day period. The pair, which started the day with an increase, is pricing above its 200-day average. If the day closes above 148.100, a New ATH idea may come to the fore. If there is a decline, it is expected to reach 146.830. Support: 146.830 Resistance: 148.100
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.35 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.03 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.37, 30.44 and 30.51. Permanent movements above 30.63 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.67) are on the agenda. Support: 30.20 – 30.10 Resistance: 30.44 – 30.60
ONS Gold With the effect of the US 10-year Treasury bond yield falling below 4.05% and the increase in geopolitical risks in the Middle East, ounce gold has recorded some recovery in the short term. Technically speaking, we are following the 2021-2030 region, which is currently supported by the 34-day (2024) period exponential moving average. Permanent pricing above the 2033 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In order for the negative expectation to come to the fore, permanence below the 2012 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be followed in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052
Although oil prices are subject to uncertainty due to the US preparing to respond after the death of 3 soldiers, the decline experienced yesterday allowed a trend close to the trend limit. The course of European and US stock markets, Middle East developments and US data flow can be followed during the day. As long as pricing remains above the 76.50 support in the upcoming period, the upward outlook may be one step ahead. In possible increases, 77.50 and 78.00 levels can be targeted. In possible decreases, as long as the 76.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 76.50 and hourly closings for the continuation of the downward desire. In this case, the 76.00 and 75.50 levels may come to the agenda. Support: 76.00 Resistance: 78.00
Although oil prices are subject to uncertainty due to the US preparing to respond after the death of 3 soldiers, the decline experienced yesterday allowed a trend close to the trend limit. The course of European and US stock markets, Middle East developments and US data flow can be followed during the day. As long as the pricing remains above the 81.50 support in the upcoming period, the upward outlook may be one step ahead. In possible increases, 82.50 and 83.00 levels can be targeted. In possible decreases, as long as the 81.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 81.00 Resistance: 83.00
The Nasdaq index, supported by the decline in US ten-year bond yields the other day, rose by over 1% ahead of today's balance sheets of Alphabet and Microsoft. Conference Board Consumer Confidence and JOLTS data can be counted among the data to be followed in terms of the economic calendar during the day. We are following the 17600 - 17700 region for the Nasdaq index in the short term. As long as the index manages to hold above the relevant range, positive expectations are at the forefront. In the continuation of the rise, 17800 - 17900 levels can be followed as resistance. In possible suppressions below the 17800 resistance, 17600 - 17500 levels can be followed as support. For negative expectations, it may be necessary to see a close below the 17600 support. In this case, the 17500 level can be targeted on the downside. Support: 17500 - 17400 Resistance: 17700 - 17800
The past day saw a mixed trend in European stock markets. Due to both the Fed and UK interest rate decisions on the agenda and the geopolitical risk environment, the DAXEUR index closed yesterday in the negative zone. This week, the BoE and Fed interest rate decisions, as well as the German growth data to be announced on Tuesday and the German inflation data to be announced on Wednesday, are among the headlines to be followed for the DAXEUR index, as they are leading data. As long as the DAXEUR index continues to move above the 16900 - 17000 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17100 - 17200 level can be followed as resistance. In possible declines, the index can be expected to be suppressed around the 17100 resistance and close below the 16900 - 17000 region for negative expectations. In this case, pullbacks towards the 16800 - 16726 levels can be observed. Support: 16800 – 16726 Resistance: 17100 – 17200
Bitcoin has also exceeded the 43000 Band, after Wednesday last week it started to accelerate upwards, the effect of the decrease in sales in GRAYSCALE was very high. There was almost no sale yesterday. The biggest expectation for Bitcoin will be the Halving in April. We predict that Bitcoin, which has gained strength before this, will rise even more. After the Fed Interest Rate Decision on Wednesday, Powell's Speech may take Bitcoin to 45000 in the short term, but it should not be forgotten that if the possible Hawk speaks conservatively, it may enter a short sales period again. 38000 will be a good place to buy for us and there is no event on the agenda that could reduce this figure even further. In the short term, 43900 will be our resistance and 41800 will be our support point. Support: 41800 Resistance: 43900
The most critical agenda item of the week for EURUSD will be the results of the Fed meeting that will start this evening. Being within the critical threshold zones may cause EURUSD pairs to move depending on these reference indicators. When we evaluate the EURUSD pair in the short term, the 55-period exponential moving average (1.0870) is important. Despite certain stretches, the desire of the Dollar Index to remain in the positive zone has also caused the EURUSD pair to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the pair to be considered invalid. Support: 1.0800 – 1.0755 Resistance: 1.0890 – 1.0965
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2670 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2592 Resistance: 1.2782
USDJPY Parity In Japan, the fact that central bank members discussed the possibility of ending the negative interest rate policy in the last meeting pressured the index by pulling bond yields up. For the classic Dollar Index, the 34-day average is 102.45, while for the US 10-year bond interest rate, the 233-day average is 4.02, although it is important to remember that negative pressure continues as long as the reference indicators are not exceeded. The USDJPY Parity continues to price above the 55-day period. The parity, which started the day with an increase, is pricing above its 200-day average. If the day closes above 148.100, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 146.830. Support: 146.830 Resistance: 148.100
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.35 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.03 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.37, 30.44 and 30.51. Permanent movements above 30.63 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.67) are on the agenda. Support: 30.20 – 30.10 Resistance: 30.44 – 30.60
ONS Gold In the middle of the week; with the support of the US 10-year treasury bond interest rate falling towards 4.02%, ounce gold displayed an outlook that limited the pullbacks in the short term. Technically speaking, we are following the 2021-2030 region, which is currently supported by the 34-day (2027) period exponential moving average. Permanent pricing above the 2033 level may be needed for the positive expectation to be reinforced. In possible recoveries, 2040 and 2052 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2012 level may be required. In possible declines, 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be followed in order for the pullback trend to continue. Support: 2021-2012 Resistance: 2040-2052
Oil prices climbed above averages yesterday after a downtrend, supported by strong consumer confidence data in the US. The American Petroleum Institute's announcement of a 2.5 million barrel decrease in stocks could not prevent limited profit sales. During the day, the stock figures to be announced by the US Energy Information Administration and finally the Fed's monetary policy statement can be followed. As long as pricing remains at and above the 77.00 - 77.50 support in the upcoming process, the upward trend may be one step ahead. In possible increases, 78.00 and 78.50 levels can be targeted. In possible decreases, as long as the 77.50 - 77.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 77.00 and 4-hour closings for the continuation of the downward desire. In this case, the 76.50 and 76.00 levels may come to the agenda. Support: 76.50 Resistance: 78.50
Oil prices climbed above averages yesterday after a downtrend, supported by strong consumer confidence data in the US. The American Petroleum Institute's announcement of a 2.5 million barrel decrease in stocks could not prevent limited profit sales. The stock figures to be announced by the US Energy Information Administration and finally the Fed's monetary policy statement can be followed during the day. As long as pricing remains at and above the 81.50 - 82.00 support in the upcoming process, the upward trend may be one step ahead. In possible increases, 82.50 and 83.00 levels can be targeted. In possible decreases, as long as the 81.50 - 82.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 81.50 and 4-hour closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 81.50 Resistance: 83.00
The day we left behind, US stock markets broke their cautious stance by increasing the selling pressure towards the end of the session, both before the Fed interest rate decision to be announced today and the balance sheets of high-value technology companies. While the Nasdaq index lost nearly 1% of its value, the Nasdaq index futures contract started negatively in the middle of the week when we will be following the Fed interest rate decision. We are following the 17500 - 17600 region for the Nasdaq index in the short term. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, the 17300 - 17200 levels can be followed as support. For positive expectations, it may be necessary to see a closing above the 17400 resistance. In the continuation of the rise, the 17500 - 17600 levels can be followed as resistance. Persistence above the 17600 resistance can also be followed for confirmation of positive expectations. Support: 17300 - 17200 Resistance: 17400 - 17500
The European stock markets managed to maintain their upward gains in the past day. Today, markets will focus on the Fed interest rate decision and Chairman Powell's speech, while German inflation will be monitored before the decision. Inflation, which rose again in December, is expected to be suppressed in January. As long as the DAXEUR index continues to move above the 16900 - 17000 region with support from the 34-period average, positive expectations are at the forefront. In the continuation of the rise, the 17100 - 17200 level can be monitored as resistance. In possible declines, the index can be expected to be suppressed around the 17100 resistance and close below the 16900 - 17000 region for negative expectations. In this case, pullbacks towards the 16800 - 16726 levels can be monitored. Support: 16800 - 16726 Resistance: 17100 - 17200
Bitcoin continues to move at 43000 levels, today's POWELL Speech will create high volatility in the parity Grayscale There was almost no sale yesterday, this is good news, and the biggest expectation for Bitcoin will be the Halving in April. We predict that Bitcoin, which has gained strength before this, will rise even more. After the Fed Interest Rate Decision on Wednesday, Powell's Speech may take Bitcoin to 45000 in the short term, but it should not be forgotten that if the possible Hawk speaks prudently, it may enter a short sales process again. 38000 will be a good place to buy for us, and there is no event on the agenda that could reduce this figure even further. In the short term, 43900 will be our resistance and 41800 will be our support point. Support: 41800 Resistance: 43900
For EURUSD, we see that the Dollar Index has created a pricing reaction close to the 100-day average of 103.40, and therefore no sharp changes are observed in EURUSD and its parities with the Fed. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important. Despite certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0755 – 1.0690 Resistance: 1.0890 – 1.0965
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2670 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2592 Resistance: 1.2782
USDJPY Parity In Japan, the fact that central bank members discussed the possibility of ending the negative interest rate policy in the last meeting pressured the index by pulling bond yields up. For the classic Dollar Index, the 34-day average of 102.55 and for the US 10-year bond interest rate, the 233-day average of 4.04 is important, but it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. The USDJPY Parity continues to price above the 55-day period. The parity, which started the day with an increase, is pricing above its 200-day average. If the day closes above 147.800, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 145.980. Support: 145.980 Resistance: 148.100
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.36 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.03 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.37, 30.44 and 30.51, and permanent movements above 30.66 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.70) are on the agenda. Support: 30.20 – 30.10 Resistance: 30.44 – 30.60
ONS Gold In the Fed's monetary policy statement, the policy rate was kept constant and the possibility of a rate cut in March was reduced, and the US 10-year Treasury bond interest rate fell below 4% to 3.93%. Technically, we are following the 2030-2040 region, which is currently supported by the 34-day (2032) period exponential moving average. Permanent pricing above the 2052 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2052 and 2061 levels may come to the agenda. In order for the negative expectation to come to the fore, permanence below the 2012 level may be required. In possible declines, the 2021 and 2012 levels may be encountered. At this stage, the reaction of the 2012 level can be monitored in order for the withdrawal trend to continue. Support: 2030-2021 Resistance: 2052-2061
Oil prices started the new day with an increase after the sharp decline that occurred yesterday. Yesterday, the Fed's statement on the one hand, which weakened the possibility of a rate cut in March, and the US's announcement that progress was being made in the ceasefire talks between Israel and Hamas, on the other hand, were effective in the price pullback. As long as the pricing remains below the 76.50 - 77.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 75.50 and 75.00 levels may be targeted. Despite the declines, the price is still within the correction area. Therefore, the risk of an increase is still current. However, as long as possible recoveries are limited by the 76.50 - 77.00 resistance, a new downward potential may occur. Therefore, it may be necessary to see the course above 77.00 and 4-hour closings for the continuation of the upward desire. In this case, the 77.50 and 78.00 levels may come to the agenda. Support: 75.00 Resistance: 77.00
Oil prices started the new day with an increase after the sharp decline that occurred yesterday. Yesterday, the Fed's statement on the one hand, which weakened the possibility of a rate cut in March, and the US's announcement that progress was being made in the ceasefire talks between Israel and Hamas, on the other hand, were effective in the price pullback. As long as the pricing remains at and below the 81.00 - 81.50 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 80.50 and 80.00 levels may be targeted. Despite the declines, the price is still within the correction area. Therefore, the risk of an increase is still current. However, as long as possible recoveries are limited by the 81.00 - 81.50 resistance, a new downward potential may occur. Therefore, it may be necessary to see the course above 81.50 and 4-hour closings for the continuation of the upward desire. In this case, the 82.00 and 82.50 levels may come to the agenda. Support: 80.00 Resistance: 81.50
The day before, there was a decline led by technology due to Alphabet and Microsoft's balance sheets not satisfying the markets' expectations for artificial intelligence. While the Fed did not change interest rates, the sell-off in the indexes deepened after Chairman Powell openly stated that he did not expect the Fed to cut interest rates in March. Before the employment data to be announced tomorrow, the Nasdaq index opened the new day with a 0.4% premium. We are following the 17200 - 17300 region for the Nasdaq index in the short term. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, the 17100 - 17000 levels can be followed as support. For positive expectations, it may be necessary to see a close above the 17400 resistance. In the continuation of the rise, the 17500 - 17600 levels can be followed as resistance. Persistence above the 17600 resistance can also be followed for confirmation of positive expectations. Support: 17100 - 17000 Resistance: 17300 - 17400
The day before, European stock markets were negative, parallel to US stock markets, while the DAXEUR index ended the day in the 0.4% negative region. Eurozone inflation will be monitored today. Leading data is expected to indicate a slight decline in both headline and core inflation in January. We are monitoring the 16800 -16900 region with support from the DAXEUR index 34-period average. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the pressure under the 16900 resistance, the 16700 - 16600 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 16900 resistance. In this case, the 17000 level can be targeted upwards. Support: 16700 - 16600 Resistance: 16900 - 17000
After the Bitcoin POWELL Speech, it dropped the needle below 42000 and returned to the 42000 level. The sale preparations of BITCOIN CELSIUS, which is in the region close to the support point, for 30000 BTC were very effective in the sale. The biggest expectation for Bitcoin will be the Halving in April. We predict that Bitcoin, which has gained strength before this, will rise even more. After the Fed Interest Rate Decision on Wednesday, Powell's Speech may take Bitcoin to 45000 in the short term, but it should not be forgotten that if the possible Hawk speaks prudently, it may enter a short sales process again. 38000 will be a good place to buy for us and there is no event on the agenda that could reduce this figure even further. In the short term, 43200 will be our resistance and 41100 will be our support point. Support: 41100 Resistance: 43200
For EURUSD, we will follow the Non-Farm Employment data, which is one of the most important data of the month. If employment is lower than expected, the Dollar Index may decline as the Interest Rate Cuts will gain more power. This means an increase in the Parity. It is useful to be careful. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important, although there are certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this thought, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0755 - 1.0690 Resistance: 1.0930 - 1.0985
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, despite the recent declines, the 200-period exponential moving average (1.2675), which we explained as a reference indicator, maintains its importance, while the pair may want to continue its rise as long as it remains above the relevant average. With this in mind, it can create a movement area towards the barriers of 1.2782, 1.2825 and 1.2875. In particular, the 1.2782 level should be followed carefully to answer the question of whether it is a confirmation of the uptrend rally or a reaction sale. It should not be forgotten that permanent movements below the average are needed for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.2520 Resistance: 1.2782
USDJPY Pair Continues Step by Step to Favor Yen Movements. The Bank of Japan announced that it purchased 5.95 Trillion Yen worth of government bonds in January. This data was seen as the lowest bond purchase since June 2023. The USDJPY pair, which has not been able to pass the 148.40 resistance upwards for a while, has gradually declined with movements in favor of Yen. It fell to the 146.20 support with the Unemployment Claims data yesterday. The first intermediate resistance during the day is now the 147.50 level. The main resistance is the 148.40 level. The 148.20 level will be an important support in possible movements in favor of Yen. If the declines continue, the 200-day average will be the main support on a weekly basis. Support: 145,980 Resistance: 148,100
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.45 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.08 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.48, 30.54 and 30.62. Permanent movements above 30.69 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.77) are on the agenda. Support: 30.30 – 30.14 Resistance: 30.62 – 30.69
ONS Gold On the last trading day of the week; US 10-year treasury bond yields rebounded after falling towards 3.80%, When we technically evaluate short-term ounce gold pricing, we are following the 2030 - 2040 region, which is currently supported by the 34 (2037) period exponential moving average. As long as precious metal pricing is priced above the 2030 - 2040 region, the upward demand may continue. If upward movements continue, the 2061 and 2070 levels may come to the agenda. At this stage, the attitude of the 2061 level can be followed in order for the upward expectation to continue. In the alternative case, permanent pricing may be needed below the 2030 - 2040 region for the downward demand to become dominant. In such pullbacks, a movement area towards the 2021 and 2012 levels may occur. Support: 2040-2030 Resistance: 2061-2070
The claim that progress has been made in the Israel-Hamas ceasefire talks plays an active role in suppressing oil prices. While the Hamas side has given a positive signal for the ceasefire, no statement has yet been made by the Israeli side. OPEC has decided to extend the production cut until April 3. However, we can say that this is a decision that remains in the shadows. The course of the European and US stock markets can be followed during the day. As long as the pricing remains below the 74.50-75.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 73.50 and 73.00 levels can be targeted. As long as possible recoveries are limited by the 74.50-75.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 75.00 and 4-hour closings for the continuation of the upward desire. In this case, the 75.50 and 76.00 levels may come to the agenda. Support: 73.00 Resistance: 75.00
The claim that progress has been made in the Israel-Hamas ceasefire talks plays an active role in suppressing oil prices. While the Hamas side has given a positive signal for the ceasefire, no statement has yet been made by the Israeli side. OPEC has decided to extend the production cut until April 3. However, we can say that this is a decision that remains in the shadows. The course of the European and US stock markets can be followed during the day. As long as the pricing remains below the 79.50-80.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 78.50 and 78.00 levels can be targeted. As long as possible recoveries are limited to the 79.50-80.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 80.00 and 4-hour closings for the continuation of the upward desire. In this case, the 80.50 and 81.00 levels may come to the agenda. Support: 78.00 Resistance: 79.50
On the last trading day of the week; the US 10-year treasury bond yield, which fell towards 3.80% and then recovered, allowed the S&P500 index to limit its increases in the short term. The index, which started the day at 4954, is trading around the 4956 level while the analysis is being prepared. Average hourly earnings, unemployment rate, non-farm employment change and Michigan consumer sentiment can be monitored during the day due to their possible effects. We are monitoring the 17500 - 17600 region for the Nasdaq index in the short term. As long as the index is below the relevant range, negative expectations are at the forefront. In the continuation of the pullbacks, the 17400 - 17300 levels can be monitored as support. For positive expectations, it may be necessary to see a closing above the 17600 resistance. In the continuation of the rise, the 17700 - 17800 levels can be monitored as resistance. Persistence above the 17800 resistance can also be monitored for confirmation of positive expectations. Support: 17400 - 17300 Resistance: 17600 - 17700
Powell's hawkish statements regarding the March rate cut also had a negative impact on the European session. While the DAXEUR closed yesterday in the 2% negative region, today's non-farm payrolls data can be monitored due to its possible effects on the index. Balance sheet time may cause volatility in German stocks, it is useful to follow the balance sheets especially on the industrial side very carefully. Balance sheets in the automotive and heavy industry are very important, we are monitoring the DAXEUR index in the 16900 -17000 region with support from the 34-period average. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the pressure below the 17000 resistance, the 16900 - 16800 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17000 resistance. In this case, the 17100 level can be targeted upwards. Support: 16900 – 16800 Resistance: 17000 – 17100
In Bitcoin, especially yesterday, with Celsius breaking 30,000 Bitcoins into wallets and switching to the sales section, we had to see below 42,000 again, then with Binance and Bitfinex switching to the purchase side, Bitcoin, which provided a little recovery, we watched upward movements with the opening of the American Stock Exchange, and it came above 43,000 again. With the upward movement in COIN, which is Coinbase's share, purchases increased even more. In Spot ETF Purchases, Blackrock reached 66,200 units, Ark Shares reached 15,175 units, which is good news for us. We expect a wavy movement until April. We expect Bitcoin to rise to 43,200 for the Short Term. A pullback in the face of bad news. According to our estimates, it may reach 41,100. Support: 41,100 Resistance: 43,200
The Classic Dollar Index, which strengthened after the Non-Farm Employment data for EURUSD, posed a significant threat to the medium-term optimistic expectations for the EURUSD parity with its course above the upper region of the 102.70 - 103.40 compression zone. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important, and despite certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0755 - 1.0690 Resistance: 1.0855 - 1.0930
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2674) is important, and the parity has created a pricing behavior that has ended the positive thinking with its recent movements. With this thought, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the level of 1.2565 can further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2520 Resistance: 1.2782
USDJPY Pair Continues Step by Step to Favor Yen Movements. The Bank of Japan announced that it purchased 5.95 Trillion Yen worth of government bonds in January. This data was seen as the lowest bond purchase since June 2023. The USDJPY pair, which has not been able to pass the 148.40 resistance upwards for a while, has gradually declined with movements in favor of Yen. Today, we will be following the Services and ISM Purchasing Managers index. The first intermediate resistance during the day is now 149.210. The main resistance is 150.00. The 146.560 level will be an important support in possible movements in favor of Yen. If the declines continue, the 200-day average will be the main support on a weekly basis. Support: 146,560 Resistance: 149,210
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.49 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.12 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.53, 30.60 and 30.67. Permanent movements above 30.73 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.82) are on the agenda. Support: 30.30 – 30.14 Resistance: 30.62 – 30.69
On the first trading day of the week; the effect of the US 10-year treasury bond interest rising above 4% again left room for the ounce of gold to retreat in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2030 - 2040 region, which is currently supported by the 34 (2037) period exponential moving average. Permanent pricing above the 2040 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2052 and 2061 levels may come to the agenda. In possible declines, the 2021 and 2012 levels may be encountered. At this stage, the reaction of the trend line (2016) can be followed in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052
Oil futures followed a calm course in the US and UK over the weekend as attacks against the Houthis continued. Following the many attacks, the organization announced that there would be counterattacks. The course of European and US stock markets and developments in the Middle East will be monitored during the day. As long as prices remain at and below the 72.50 - 73.00 resistance level, a downward outlook may be at the forefront in the upcoming period. In possible declines, the 72.00 and 71.50 levels may be targeted. As long as possible recoveries are limited to the 72.50 - 73.00 resistance level, a new downward potential may occur. Therefore, it may be necessary to see the course above 73.00 and hourly closings for the continuation of the upward desire. In this case, the 73.50 and 74.00 levels may be on the agenda. As long as prices remain at and below the 72.50 - 73.00 resistance level, a downward outlook may be at the forefront in the upcoming period. Support: 71.50 Resistance: 73.50
Oil futures followed a calm course in the US and UK over the weekend as attacks against the Houthis continued. Following the many attacks, the organization announced that there would be counter-attacks. The course of European and US stock markets and developments in the Middle East will be monitored during the day. As long as prices remain at and below the 77.50-78.00 resistance level in the upcoming period, a downward trend may be at the forefront. In possible declines, the 77.00 and 76.50 levels may be targeted. As long as possible recoveries are limited to the 78.50-79.00 resistance level, new downward potential may occur. Therefore, it may be necessary to see a course above 79.00 and hourly closings for the continuation of the upward desire. In this case, the 80.50 and 81.00 levels may come to the agenda. Support: 76.50 Resistance: 79.00
Although the risk appetite in the stock markets decreased after the Fed left the target interest rate unchanged last week and the hawkish tone in Fed Chair Powell's statements, the balance sheets of five companies, especially the magnificent seven, ensured that the index closed the week positively. Although non-farm employment increased almost twice as much as expected on Friday, the positive effect created by the Meta balance sheet in particular led the company stocks to record the biggest intraday increase, paving the way for the index to close with a 1.7% increase. We are monitoring the 17500 - 17600 region in the short term for the Nasdaq index. As long as the index moves above the relevant range, positive expectations are at the forefront. In the continuation of the rise, the 17700 - 17800 levels can be monitored as resistance. If the pressure under the 17800 resistance, which has been working as an effective resistance recently, continues, the 17600 - 17500 levels can be monitored as current support levels. Support: 17500 - 17400 Resistance: 17700 - 17800
The last trading day of the week we left behind generally saw positive closings for European indices. While the EuroStoxx50 Index increased by 0.34%, the Dax Index managed to make a positive impression of 0.35%. This week, Eurozone PMI, German industrial production and German inflation will be monitored on the European side, while the statements of Fed members can be monitored throughout the week for the course of global risk appetite. We are monitoring the DAXEUR index in the 16900 -17000 region with support from the 34-period average. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the pressure under the 17000 resistance, the 16800 - 16700 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17000 resistance. In this case, the 17100 level can be targeted upwards. Support: 16800 - 16700 Resistance: 17000 - 17100
Bitcoin started the new week on a horizontal course. Bitcoin, which had very high volatility last week, had a calm start to the week. Now that its price is slowly settling down, the expectation is that the movements that will occur after the Halving time will be the event that started all previous Halving times Bitcoin Rallies. This time, the rally, which we think started earlier, may now take place piece by piece by the end of 2025. We are still waiting for ETF News for ETH in Altcoins. If such news comes here, we think that the ALTCOIN Rally will start. In the short term, we can consider the BTC 41100 region as a suitable region for buying and the 43800 region as a take profit point. Support: 41100 Resistance: 43800
For EURUSD, we observe that the short-term pressures on the EURUSD parity continue with the course of the Classic Dollar Index above the upper region of the 102.70 - 103.40 compression zone. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0855) is important, and despite certain stretches, the desire of the Dollar Index to remain in the positive region has also caused the EURUSD parity to gradually create a negative performance. With this in mind, it may want to decline towards the supports of 1.0805 and 1.0755. The level of 1.0755 is a negative expectation. In the event of a possible recovery, it should not be forgotten that permanent movements above the average (preferably daily closing) are needed for the current scenario regarding the parity to be considered invalid. Support: 1.0710 - 1.0660 Resistance: 1.0795 - 1.0855
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2667) is important, but the pair may want to continue its negative outlook under the relevant average. With this in mind, a decline towards the supports of 1.2520, 1.2480 and 1.2440 can be observed. In particular, permanent movements below the 1.2480 level can strengthen the current pressure even more. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2480 Resistance: 1.2667
USDJPY Pair Continues Step by Step to Favor Yen Movements. The Bank of Japan announced that it purchased 5.95 Trillion Yen worth of government bonds in January. This data was seen as the lowest bond purchase since June 2023. The USDJPY pair, which has not been able to pass the 148.40 resistance upwards for a while, exceeded this limit yesterday, and the pair gradually declined with movements in favor of Yen. The first intermediate resistance during the day is now 149.210. The main resistance is 150.00. The 146.560 level will be an important support in possible movements in favor of Yen. If the declines continue, the 200-day average will be the main support on a weekly basis. Support: 146,560 Resistance: 149,210
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.56 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the 30.20 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.60, 30.67 and 30.74. Permanent movements above 30.81 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.95) are on the agenda. Support: 30.40 – 30.24 Resistance: 30.67 – 30.74
Following the US ISM service PMI data exceeding expectations, the effect of the limited movement of the 10-year treasury bond interest rate above 4.10% again, ounce gold displayed relatively horizontal pricing in the short term. When we technically evaluate the short-term gold ounce pricing, we are following the 2030 level, which is currently supported by the 34 (2033) period exponential moving average. As long as precious metal pricing is traded below the 2030 level, negative expectations may come to the fore. If the downward trend continues, there may be a movement area towards the 2021 and 2012 levels. In the meantime, the trend line (2017) may draw an appearance that limits the pullback trend. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2021-2012 Resistance: 2040-2052
While the US and UK continue their attacks on the Houthis, the continuation of talks between Israel and Hamas that could provide a ceasefire continues to emerge as a potential reason for pressure. Following the recovery that took place yesterday, we followed the pricing that took place in a shallow area in the Asian session. The course of the European and US stock markets can be followed during the day. As long as the pricing remains at and below the 73.00 - 73.50 resistance in the upcoming period, a downward view may be at the forefront. In possible declines, the 72.50 and 72.00 levels can be targeted. As long as possible recoveries are limited to the 73.00 - 73.50 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 73.50 and hourly closings for the continuation of the upward desire. In this case, the 74.00 and 74.50 levels may come to the agenda. Support: 72.00 Resistance: 73.50
While the US and UK continue their attacks on the Houthis, the continuation of talks between Israel and Hamas that could provide a ceasefire continues to emerge as a potential reason for pressure. Following the recovery that took place yesterday, we followed the pricing that took place in a shallow area in the Asian session. The course of the European and US stock markets can be followed during the day. As long as the pricing remains at and below the 78.00 - 78.50 resistance in the upcoming period, a downward view may be at the forefront. In possible declines, the 77.50 and 77.00 levels can be targeted. As long as possible recoveries are limited to the 78.00 - 78.50 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 78.50 and hourly closings for the continuation of the upward desire. In this case, the 79.00 and 79.50 levels may come to the agenda. Support: 77.00 Resistance: 79.00
The above-expected increase in the US ISM services PMI data announced the other day has reduced the Fed's interest rate cut expectations for March to below twenty percent, while selling pressure is increasing in the US stock markets. The statement of the FOMC members this week can be followed for the course of the stock markets. We are following the 17500 - 17600 region in the short term for the Nasdaq index. As long as the index moves above the relevant range, positive expectations are at the forefront. In the continuation of the rise, the 17700 - 17800 levels can be followed as resistance. In the event that the pressure under the 17800 resistance, which has been working as an effective resistance recently, continues, the 17600 - 17500 levels can be followed as current support levels. In possible declines, negative expectations may come to the fore in closings below the 17500 support. In the continuation of the decline, the 17400 - 17300 levels can be followed as support. Support: 17600 - 17500 Resistance: 17700 - 17800
The day we left behind, parallel to the selling picture in the US stock markets, European stock markets also followed a selling trend. The DAXeur index showed limited negativity with 0.08%. This week, Euro zone PMI, German industrial production and German inflation will be monitored on the European side, while the statements of Fed members can be followed throughout the week for the course of global risk appetite. We are monitoring the DAXEUR index in the 16900 -17000 region with support from the 34-period average. As long as the index continues below the relevant region, negative expectations are at the forefront. In the continuation of the pressure under the 17000 resistance, 16800 - 16700 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17000 resistance. In this case, the 17100 level can be targeted upwards. Support: 16800 - 16700 Resistance: 17000 - 17100
Bitcoin ended the day horizontally yesterday. Bitcoin, which remained well below average in terms of volume, decreased its volatility considerably compared to last week. However, Bitcoin's price is now slowly starting to settle. The expectation is that the movements that will occur after the Halving period will be the event that started all previous Halving periods of Bitcoin Rallies. This time, the rally, which we think started earlier, may now take place piece by piece by the end of 2025. We are still waiting for ETF News for ETH in Altcoins. If such news comes here, we think that the ALTCOIN Rally will start. In the short term, we can consider the BTC 41100 region as a suitable region for buying and the 43800 region as a take profit point. Support: 41100 Resistance: 43800
For EURUSD, we observe that the EURUSD parity has entered a reaction process within a negative trend due to the Classic Dollar Index and the US 10-year bond interest rate giving back some of the recent gains. When we evaluate the EURUSD parity in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) is passing through the 1.0805 - 1.0850 region and the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the 1.0715 level may further strengthen the current pressure. Otherwise, a recovery towards the trend region can be observed. However, under this condition, a new pricing reaction towards the psychological 1.10 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although the 200-period exponential moving average (1.2663) is important, the pair may want to continue its negative outlook under the relevant average. With this in mind, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the 1.2520 level may further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2520 Resistance: 1.2663
Although the USDJPY pair rose in the Asian session on Wednesday, geopolitical tensions stemming from conflicts in the Middle East and ongoing concerns about slowing economic growth in China, as well as expectations that the Fed may not cut interest rates as much as expected, are negatively affecting the pair, coming on top of the Bank of Japan's tightening trend at the beginning of this month and providing some support to the safe haven JPY. USDJPY is priced above its 20-day moving average of 146.93. This situation draws a positive image in the monthly period. After trading at a peak of 148.68 in the last day's transactions, it completed the day at 146.17. On the other hand, the MACD line, one of the trend indicators, is below the signal line, in the positive zone. 149.210 can be considered as resistance, 145.490 as support. Support: 145.490 Resistance: 149.210
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.59 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.24 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.65, 30.73 and 30.80. Permanent movements above 30.85 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.95) are on the agenda. Support: 30.40 – 30.24 Resistance: 30.67 – 30.74
In the middle of the week; the limited movement of the US 10-year treasury bond yield after falling to around 4.08% allowed it to suppress the recovery of ounce gold in the short term. When we evaluate the short-term gold ounce pricing technically, we are following the 2030 level, which is currently supported by the 34 (2033) period exponential moving average. As long as precious metal pricing is traded below the 2030 level, negative expectations may come to the fore. If the downward trend continues, there may be a movement area towards the 2021 and 2012 levels. In the meantime, the trend line (2017) may draw an appearance that limits the pullback trend. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2021-2012 Resistance: 2040-2052
While the mutual attacks of the US and Houthi sides continue in the Middle East, there is a mixed and mutually applied view with the hope of a ceasefire in the Israel-Hamas war on one side and the data showing that the stocks in the US have increased, albeit limited, on the other. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 73.00 support in the upcoming period, the upward view may be in the foreground. In possible increases, the levels of 74.00 and 74.50 can be targeted. As long as possible decreases are limited by the 73.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 73.00 and hourly closings for the continuation of the downward desire. In this case, the levels of 72.50 and 72.00 may come to the agenda. Support: 72.50 Resistance: 74.50
While the mutual attacks of the US and Houthis continue in the Middle East, there is a mixed and mutually applied view with the hope of a ceasefire in the Israel-Hamas war on one side and the data showing that the stocks in the US have increased, albeit limited, on the other. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 78.50 support in the upcoming period, the upward view may be in the foreground. The levels of 79.00 and 79.50 can be targeted in possible increases. As long as the possible decreases are limited by the 78.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 78.50 and hourly closings for the continuation of the downward desire. In this case, the levels of 78.00 and 77.50 may come to the agenda. Support: 77.50 Resistance: 79.50
Following Fed Chairman Powell’s signals at the beginning of the week that the Fed would be cautious about reducing, FOMC member Mester’s statements in his speech the other day, “It would be a mistake to cut interest rates too early or too quickly without sufficient evidence that inflation will return to the 2% target in a sustainable manner, have led to a decline in risk appetite in stock markets. As long as the Nasdaq index remains within the 17500-17600 region, the decision-making stage scenario is at the forefront. For positive expectations, it may be necessary to see the index remain above the 17600 resistance. In the continuation of the rise, the 17700-17800 levels can be monitored as resistance. In the alternative scenario, negative expectations may come to the fore with the index falling below the 17500 support. In the continuation of the decline, the 17400-17300 levels can be monitored as support. Support: 17500-17400 Resistance: 17600-17700
The European indices were generally positive during the day. The German industrial production index movements to be announced today can be followed before the German inflation data to be announced on the last trading day of the week on the economic calendar. We are following the DAXEUR index in the 17000 -17100 region with support from the 34-period average. Positive expectations on the relevant region are prominent. In the continuation of the rise, 17200 - 17300 levels can be followed as resistance. In the alternative scenario, it can be expected that the index will fall below the 17000 support for negative expectations and the pullbacks will accelerate. In this case, the 16900-16700 support is strong support. Support: 16900 - 16700 Resistance: 17100 - 17200
Bitcoin has been experiencing very little price change like a stable coin since the beginning of the week. While it was playing 1500 - 3000 USD between the highest and lowest of the day on a normal day, we could not even see half of this figure yesterday. Bitcoin, which is well below the average in terms of volume, naturally has a very low volatility, but despite this, Bitcoin's price is now slowly starting to settle down. The movements that will occur after the Halving period have been the event that started all previous Bitcoin rallies in Halving periods. This time, we think that the rally, which we think started earlier, may now take place piece by piece by the end of 2025. We are still waiting for ETF News for ETH in Altcoins. If such news comes here, we think that the ALTCOIN Rally will start. In the short term, we can consider the BTC 41100 region as a suitable region for buying and the 43800 region as a take profit point. Support: 41100 Resistance: 43800
For EURUSD, we observe that the EURUSD parity has entered a reaction process within a negative trend due to the Classic Dollar Index and the US 10-year bond interest rate giving back some of the recent gains. When we evaluate the EURUSD parity in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) is passing through the 1.0805 - 1.0850 region and the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the 1.0715 level may further strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. However, under this condition, a new pricing reaction towards the psychological 1.10 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2660) is important, but the pair may want to continue its negative outlook under the relevant average. With this in mind, a decline towards the supports of 1.2615, 1.2565 and 1.2520 can be observed. In particular, permanent movements below the level of 1.2615 can further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2565 Resistance: 1.2695
The USDJPY pair struggled to sustain its gains and traded in a narrow range during the Asian session on Wednesday. The sluggish price action suggests indecision among market participants amid mixed fundamental cues and calls for some caution before taking positions on the direction of the next leg of the move. From a technical perspective, the failure to find acceptance above 148.80 this week has led to the formation of a bearish double top formation. However, oscillators on the daily chart – despite losing momentum – are still in positive territory, with some follow-up selling below the 100-day Simple Moving Average (SMA) anchored near the 147.60-147.55 region could drag the USD/JPY pair towards the psychological 147.00 level and a move towards the monthly low touched last week below 146.00. Support: 145.490 Resistance: 149.210
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.59 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.27 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.65, 30.73 and 30.80, and permanent movements above 30.88 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.95) are on the agenda. Support: 30.40 – 30.24 Resistance: 30.67 – 30.74
The limited movement of the US 10-year Treasury bond interest rate around 4.10% allowed for a relatively horizontal pricing of gold in the short term. When we technically evaluate the short-term pricing of gold, we are following the 2030 - 2040 region, which is currently supported by the 34 (2033) period exponential moving average. As long as precious metal prices are traded below the 2030 level, negative expectations may come to the fore. If the downward trend continues, there may be a movement area towards the 2021 and 2012 levels. In the meantime, the trend line (2017) may draw an appearance that limits the pullback trend. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2021-2012 Resistance: 2040-2052
Oil prices continue to prioritize Middle East developments. The Houthis continue to attack ships on the Red Sea route. The US Energy Information Administration's announcement of an increase of over 5 million barrels in stocks did not change this picture. The fact that headlines that will suppress the price are not seen at the moment does not mean that they will not be seen in the future. Therefore, it is normally useful to approach the potential for movement in both directions more carefully. As long as pricing remains at and above the 73.50 - 74.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, the 74.50 and 75.00 levels may be targeted. As long as possible decreases are limited to the 73.50 - 74.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 73.50 and hourly closings for the continuation of the downward desire. In this case, the 73.00 and 72.50 levels may come to the agenda. Support: 73.00 Resistance: 75.00
Oil prices continue to prioritize Middle East developments. The Houthis continued to attack ships on the Red Sea route. The US Energy Information Administration's announcement of an increase of over 5 million barrels in stocks did not change this picture. The fact that headlines that will suppress the price are not seen at the moment does not mean that they will not be seen in the future. As long as pricing remains above the 79.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 80.00 and 80.50 levels may be targeted. As long as possible decreases are limited by the 79.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 79.00 and hourly closings for the continuation of the downward desire. In this case, 78.50 and 78.00 levels may come to the agenda. Support: 78.50 Resistance: 80.50
Since the beginning of the week, we have been following the statements of FED members stating that they will not be too hasty in reducing interest rates. The rise in US stock markets continued under the leadership of technology. While the Nasdaq and S&P500 index rose to new record levels, mega capital companies such as Microsoft, Nvidia, and Meta supported this rise. It seems that the rise will continue with the effect of their balance sheets. Chip manufacturer ARM, which announced its balance sheet last night, recorded a rise of 40% after the session. We expect this to affect the Nasdaq parity today. As long as the Nasdaq index moves within the 17600 - 17800 region, positive expectations are at the forefront. In the continuation of the rise, the 17900 - 18000 levels can be followed as resistance. If the index, which is trading at record levels, cannot exceed the 17900 psychological level, the 17800 - 17700 levels can be followed as support. Support: 17700 - 17600 Resistance: 17800 - 17900
The previous day, Germany's December industrial production fell by -1.6% monthly, below expectations of -0.5% and recorded the biggest decline in the last 9 months. The DAXEUR index finished the day in the negative region of 0.6%, and started the new day with buyers. We are following the 16900 - 17000 region with support from the DAXEUR index's 34-period average. Positive expectations on the relevant region are prominent. In the continuation of the rise, 17100 - 17200 levels can be followed as resistance. In the alternative scenario, it can be expected that the index will fall below the 17000 support for negative expectations, and the pullbacks will accelerate. If it breaks this level down to the 16900 support first, a pullback to 16700 may be experienced. Support: 16900 - 16700 Resistance: 17100 - 17200
Bitcoin At last week’s FOMC meeting, interest rates are expected to be higher than expected at the FOMC in May. Then, from April to May, the market will benefit from the dual benefits of the BTC halving and monetary policy changes. Since February, the decline in Grayscale holdings has slowed. Although Grayscale will eventually be traded due to high fees, BTC ETF funds in general are still showing slow inflows. Technically, Bitcoin, which is trading close to its 30-day average, has been floating around 44,500, and the market has reacted positively to it. If it breaks the 45,000 daily resistance, we could see a move to 47,000. If the sell-off increases, the 43,100 support is the strongest support, and if this support is broken, there is a potential drop to 40,800. Support: 43,100 Resistance: 45,000
For EURUSD, we observed an increase in the pair as the Classic Dollar Index gave back some of the recent gains this week. When we evaluate the EURUSD pair in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) is passing through the 1.0805 - 1.0850 area and the pair may want to continue its negative outlook under the relevant area. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the 1.0715 level may further strengthen the current pressure. Otherwise, a recovery towards the trend area can be observed. However, under this condition, a new pricing reaction towards the psychological 1.10 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2660) is important, but the pair may want to continue its negative outlook under the relevant average. With this in mind, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the level of 1.2565 can further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2565 Resistance: 1.2695
The yen has been on the defensive earlier this year as soft Japanese data kept the Bank of Japan on hold and U.S. economic trends have shown some resilience. However, we expect slower U.S. growth, easing by the Federal Reserve, and lower U.S. bond yields, all of which should support Japan’s currency. From a technical perspective, the failure to find acceptance above 149.40 this week has created a bearish double top formation, while some follow-on selling below the 100-day Simple Moving Average (SMA), which is anchored near the 147.60-147.55 region, could drag the USD/JPY pair toward the psychological 147.00 level and a new monthly low touched last week below 146.00. Support: 147.600 Resistance: 150.110
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.67 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.31 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.73, 30.80 and 30.86, and permanent movements above 30.92 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.95) are on the agenda. Support: 30.50 – 30.31 Resistance: 30.80 – 30.92
On the last trading day of the week; the limited movement of the US 10-year treasury bond interest rate around 4.15% allowed the ounce of gold to be priced relatively horizontally in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2030 - 2040 region, which is currently supported by the 34 (2033) period exponential moving average. As long as precious metal prices are traded below the 2030 level, negative expectations may come to the fore. If the downward trend continues, a movement area may form towards the 2021 and 2012 levels. In the meantime, the trend line (2017) may draw an appearance that limits the pullback trend. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2021-2012 Resistance: 2040-2052
The Middle East agenda continues to be effective in oil prices. The decrease in hopes for a ceasefire with Natenyahu's statements that surrendering to Hamas' imaginary demands would invite more massacres rather than the release of hostages was effective in the increase of prices. US Secretary of State Blinken, on the other hand, made statements that he was still hopeful. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 75.50 - 76.00 support in the upcoming period, an upward view may be at the forefront. In possible increases, the 76.50 and 77.00 levels can be targeted. As long as possible decreases are limited to the 75.50 - 76.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the desire to decrease. In this case, the 75.00 and 74.50 levels may come to the agenda. Support: 75.00 Resistance: 77.00
The Middle East agenda continues to be effective in oil prices. The decrease in hopes for a ceasefire with Natenyahu's statements that surrendering to Hamas' imaginary demands would invite more massacres rather than the release of hostages was effective in the increase of prices. US Secretary of State Blinken, on the other hand, made statements that he is still hopeful. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 81.00 - 81.50 support in the upcoming period, an upward view may be at the forefront. In possible increases, the 82.00 and 82.50 levels can be targeted. As long as possible decreases are limited to the 81.00 - 81.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 81.00 and hourly closings for the continuation of the desire to decrease. In this case, the 80.50 and 80.00 levels may come to the agenda. Support: 80.50 Resistance: 82.50
While the applications for ABS unemployment benefits announced the day before were announced in line with expectations, the companies' balance sheets increased risk appetite in a week when there was no important economic calendar data. The growth in the field of artificial intelligence, especially in the balance sheet announced by Arm Holding, which was listed on Nasdaq in September, was welcomed positively by the market. While the company's shares closed the day with a 48% premium, the Nasdaq index managed to close 0.2% positively. It seems that it will continue to rise with strong balance sheets. As long as the Nasdaq index moves within the 17600 - 17800 region, positive expectations are at the forefront. In the continuation of the rise, the 17900 - 18000 levels can be followed as resistance. If the index, which is trading at record levels, cannot exceed the 17900 psychological level, the 17800 - 17700 levels can be followed as support. Support: 17700 - 17600 Resistance: 17800 - 17900
Despite the increase in German bond yields the day before, the DAXEUR index managed to close the day with a 0.25% premium. The course of the US and European stock markets and the German CPI data can be followed during the day for the index, which started the last trading day of the week with a sell-off. We are following the 16900 - 17000 region with support from the DAXEUR index 34-period average. Positive expectations on the relevant region are prominent. In the continuation of the rise, the 17100 - 17200 levels can be followed as resistance. In the alternative scenario, the index can be expected to accelerate the pullbacks by falling below the 17000 support for negative expectations. Support: 16900 - 16700 Resistance: 17100 - 17200
Bitcoin has been rising since the beginning of this week and finally broke the 46,000 band. After the ETF Approval was announced, there is a resistance of 49,000, and when it is overcome, we can now officially say that the BULL Market has started. From April to May, the market will benefit from the dual benefits of the BTC halving and monetary policy changes. Since February, the decrease in Grayscale assets has almost ended. Although Grayscale will eventually be traded due to high fees, BTC ETF funds in general are still showing a slow inflow. Technically, Bitcoin, which is close to its 30-day average, broke the 30-day average, which is around 44,500, upwards and passed 46,000. If it breaks the 47,000 resistance on a daily basis, we can see a 48,200 movement. If sales increase, the 45,200 support is the strongest support. Support: 45,200 Resistance: 47,000
We have left a calm week behind for EURUSD. We expect a more effective pricing behavior in the new week dynamics. The basis of this idea is the inflation data from the US for January. When we evaluate the EURUSD parity in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) is passing through the 1.0805 - 1.0850 region and the parity may want to continue its negative outlook under the relevant region. With this thought, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the 1.0715 level may further strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. However, under this condition, a new pricing reaction towards the psychological 1.10 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 1.2655 - 1.2670 region where the 200-period exponential moving average is located is important, but the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2605, 1.2565 and 1.2520 can be observed. In particular, permanent movements below the 1.2605 level may further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2565 Resistance: 1.2695
USDJPY Pair continues to maintain the rise it made last week in the New Week. The expectation that the Fed will ease its monetary policy and the decrease in US bond yields will support Japan's currency. From a technical perspective, the failure to find acceptance above the 149.40 level last week may cause a double top bearish formation to form. USDJPY Pair came very close to the 149.80 resistance. We will follow this resistance during the day. Our important support level to maintain the rise is 148.40. If the possible increases in the parity continue and approach 150, we can be careful against the possible intervention of the Bank of Japan. Support: 148,400 Resistance: 150,110
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is trading close to 30.69 as of the time of preparing the analysis on the last trading day of the week. When we evaluate the USDTRY exchange rate in the short term, the level of 30.35 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.75, 30.80 and 30.89, and permanent movements above 30.96 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.98) are on the agenda. Support: 30.50 – 30.31 Resistance: 30.80 – 30.92
On the first trading day of the week; with the support of the decline in the US 10-year Treasury bond interest from 4.19% to 4.17%, the ounce gold displayed an outlook that limited the declines in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2030 level, which is currently supported by the 34 (2030) period exponential moving average. As long as the precious metal is traded below the 2030 level, negative expectations may come to the fore. If the desire to decline continues, there may be a movement area towards the 2018 and 2006 levels. At this stage, the reaction of the 2021 level supported by the uptrend can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2030 level for the positive trend to come to the fore. In this case, the 2040 and 2052 levels may be encountered in possible increases. Support: 2018-2006 Resistance: 2030-2052
After the Iranian Foreign Minister gave a positive signal about the Israel-Hamas ceasefire, oil futures started the week with a decline, but we saw that most of the losses were recovered in a short time. While geopolitical risks have been pushing prices up recently, we are watching that the supply-demand balance still supports the potential for downward pressure. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 75.50-76.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 77.00 and 77.50 levels can be targeted. As long as possible decreases are limited to the 75.50-76.00 support level, new upside potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the downward desire. In this case, the 75.00 and 74.50 levels may come to the agenda. Support: 75.50 Resistance: 77.50
After the Iranian Foreign Minister gave a positive signal about the Israel-Hamas ceasefire, oil futures started the week with a decline, but we saw that most of the losses were recovered in a short time. While geopolitical risks have been pushing prices up recently, we are watching that the supply-demand balance still supports the potential for downward pressure. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 81.00-81.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, the 82.50 and 83.00 levels can be targeted. As long as possible decreases are limited to the 81.00-81.50 support level, new upside potential may occur. Therefore, it may be necessary to see the course below 81.00 and hourly closings for the continuation of the downward desire. In this case, the 80.50 and 80.00 levels may come to the agenda. Support: 81.00 Resistance: 82.50
The Nasdaq index increased by 1.2% on Friday, making its highest closing since November 2021. The Nasdaq index, which has increased by over 50% since the beginning of last year, has increased by more than 8% since the beginning of the current year. While data such as US inflation and retail sales will be monitored for index movements this week, today's FOMC member statements are among the headlines to be monitored along with the course of US stock markets. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, positive expectations are at the forefront as long as it moves within the 17900 - 18000 region. In the continuation of the rise, the 18100 - 18200 levels can be followed as resistance. In the event of possible profit sales in the index, which is trading at record levels, the 17900 - 17800 levels can be followed as support in the short term. Support: 17900 - 17800 Resistance: 18000 - 18100
Last week, European stock markets could not join the rise of US stock markets. German CPI data announced on Friday was announced in line with expectations. DAXEUR opened the first trading day of the week at 16950. The course of US and European stock markets can be followed during the day for the DAXEUR index, which started the day with a sell-off. We are following the 16900 - 17000 region with support from the 20-period exponential moving average of the DAXEUR index. As long as the index moves within the relevant region, we are following the decision-making stage scenario. For positive expectations in the index, it may be necessary to follow a persistence above the 17000 level. With the surpassing of the 17000 level, increases towards the 17100 level can be seen. In the alternative scenario, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 16900 – 16800 Resistance: 17100 – 17200
Bitcoin Bitcoin closed last week with a very good rise and then remained horizontal over the weekend. After the BTC ETF Approval, which exceeded the 48000 Band, was announced, the 49000 resistance it saw. When the last obstacle in front of it passed this resistance, we think that the way is open to 52000. From April to May, the market will benefit from the dual benefits of the BTC halving and monetary policy changes. Since February, the decrease in Grayscale assets is almost over, This Week, the CPI, retail sales, Fed speeches and balance sheets will determine the pricing of the market. Technically, Bitcoin, which is close to its 30-day average, broke the 30-day average, which is around 46,800, upwards and passed 48000. If it breaks the 49000 resistance on a daily basis, we can see a 52000 movement. If sales increase, the 46900 support is the strongest support. Support: 46900 Resistance: 49000
We have come to the most important day of the week for EURUSD, where CPI data from the US and UK, and growth data from the Euro Zone may have an impact on the Dollar Index and therefore the EURUSD parity. When we evaluate the EURUSD parity in the short term, the top point of the downtrend and also the indicator supporting the trend (55-period exponential moving average) 1.0805 - 1.0850 region maintains its importance, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the level of 1.0715 may further strengthen the current pressure. Otherwise, a recovery towards the trend region can be observed. Under this condition, a new pricing reaction towards the psychological level of 1.10 can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 1.2654 - 1.2670 region where the 200-period exponential moving average is located is important, but the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2605, 1.2565 and 1.2520 can be observed. In particular, permanent movements below the 1.2605 level may further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2565 Resistance: 1.2695
USDJPY Japanese Yen faces renewed selling pressure The Bank of Japan Governor Kazuo Ueda's comment that "even if we end negative interest rates, supportive financial conditions are likely to continue" was the latest comment by bank officials to reassure market participants that the end of negative interest rates will not herald a change in the bank's fundamental policy stance. In light of all this, we will monitor this resistance during the day. Our important support to maintain the rise is at 148.40. If the possible increases in the pair continue and approach 150, we may be wary of possible intervention by the Bank of Japan. Support: 148,400 Resistance: 150,110
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.72. When we evaluate the USDTRY exchange rate in the short term, the 30.35 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.76, 30.81 and 30.89 levels can be observed. Permanent movements above 31.01 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.02) are on the agenda. Support: 30.50 – 30.31 Resistance: 30.80 – 30.92
With the effect of the US 10-year Treasury bond interest approaching 4.20%, the ounce gold recorded an outlook that suppressed recoveries in the short term. US CPI data can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2021 - 2030 region, which is currently supported by the 34 (2030) period exponential moving average. As the precious metal moves below the 2021 - 2030 region, the desire for a downward trend may come to the fore. If the downward trend continues, the 2012 and 2003 levels may be encountered. In the alternative case, permanent pricing above the 2021 - 2030 region may be needed for the desire for an increase to become dominant. In such a case, the 2040 and 2052 levels may come to the fore in recoveries that may occur. Support: 2012-2003 Resistance: 2030-2052
Oil futures continue to move above averages with gradual increases, but they are following a calm attitude. While geopolitical risk remains high, US inflation data and the OPEC monthly report will be monitored today. As long as pricing remains at and above the 76.00-76.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 77.50 and 78.00 levels may be targeted. As long as possible decreases are limited to the 76.00-76.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 76.00 and hourly closings for the continuation of the downward desire. In this case, 75.50 and 75.00 levels may come to the agenda. Support: 76.00 Resistance: 78.00
Oil futures continue to move above averages with gradual increases, but they are calm. While geopolitical risk remains high, US inflation data and the OPEC monthly report will be monitored today. In the upcoming period, as long as pricing remains at and above the 81.00 - 81.50 support, an upward outlook may be at the forefront. In possible increases, 82.50 and 83.00 levels may be targeted. As long as possible declines are limited to the 81.00 - 81.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 81.00 and hourly closings for the continuation of the downward desire. In this case, 80.50 and 80.00 levels may come to the agenda. In the upcoming period, as long as pricing remains at and above the 81.00 - 81.50 support, an upward outlook may be at the forefront. Support: 81.00 Resistance: 82.50
calm course was observed in the stock markets yesterday before the inflation data to be announced today. NDXUSD, which managed to exceed the 18000 Band for the first time, ended the day at 17860 points with a 48 point decrease in the last hours of the session after the profit sales it took. While annual inflation is expected to decrease from 3.4% to 2.9% today, Nasdaq futures contract started the day with slight buyers. When we examine the short-term pricing behavior of Nasdaq index futures contract technically, positive expectations are at the forefront as long as it moves within the 17800 - 17900 region. In the index, which managed to operate the 20-period average level of 17900 as support in the declines yesterday, 18000 - 18100 levels can be followed as resistance in movements above this support. In the index, which is trading at record levels, in case of suppression under the 18100 resistance and possible profit sales, the 17800 - 17700 levels can be followed as support in the short term. Support: 17800 - 17700 Resistance: 18000 - 18100
The DAXEUR index was positive ahead of the US inflation data to be announced today. The DAXEUR index futures contract, which started the second trading day of the week with a sell-off, will be followed by Germany ZEW survey data and US January consumer inflation data. We are following the 16900 - 17000 region with support from the 20-period exponential moving average for the DAXEUR index. We are following the decision-making stage scenario as long as the index moves within the relevant region. For positive expectations in the index, it may be necessary to follow a persistence above the 17000 level. With the 17000 level being exceeded, increases towards the 17100 level may be seen. In the alternative scenario, for negative expectations, it is expected that the index will fall below the 16900 support and the pullbacks will accelerate. In this case, the 16800 level and then the 200-period average (16700) levels can be followed as support. Support: 16900 – 16800 Resistance: 17100 – 17200
Bitcoin continued its upward movement yesterday. BTC, which had a hard time overcoming 49000 as a strong support, exceeded the 50000 barrier after 2 years. Today, it focused on the TUFE data to come from the USA. If it continues to rise after the TUFE data to come, we think it will approach the 52000 resistance, which is the highest point in 3 years. Yesterday, a serious increase in ETF purchases made us think that the market supports confidence in Bitcoin a little more. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which is close to its 30-day average, broke the 30-day average, which is around 47,200, upwards and passed 50000. If it breaks the 50800 resistance on a daily basis, we can see a 52000 movement. If sales increase, 48900 support is the strongest support. Support: 48900 Resistance: 50800
Bitcoin spent the past week mostly selling, the most important reason for this was the support of sales by Blackrock. It is very normal for Bitcoin, which is expected to rise with an ETF Entry Amount exceeding 10 billion dollars, to be on the sell side. It would not be a surprise if these sales reach the 39000-38000 range, and a purchase entry can be made from here. If you want to buy its share, you can buy the COIN Share that is Coinbase's Share, and its purchase place can be in the 105-110 USD range. Support: 40700 Resistance: 43670
We left behind an important day for EURUSD, where we reached the results of CPI data from the US and Wages data from the UK. After the data, the increase in the Dollar Index and US 10-year bond interest rate drew attention. When we evaluate the EURUSD parity in the short term (55-period exponential moving average), the 1.0755 - 1.0805 region maintains its importance, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0655, 1.0620 and 1.0580 can be observed. In particular, the continuation of the course below the 1.0715 level may strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. Under this condition, a new pricing reaction towards the psychological 1.1000 level can be observed. Support: 1.0715 - 1.0665 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 1.2650 - 1.2670 region where the 200-period exponential moving average is located is important, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the 1.2565 level can strengthen the current pressure even more. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2565 Resistance: 1.2670
The USDJPY pair continued its upward trend in the Asian session on Tuesday, approaching the 151.000 level. The Japanese Yen has been weakening against the US Dollar (USD) amid market concerns over interest rate hikes following the Bank of Japan’s departure from its ultra-loose monetary policy stance. Recent statements by BOJ Vice Governor Shinichi Uchida suggest a reluctance to continue aggressive tightening even after abandoning negative interest rates. However, the Japanese Yen may be benefiting from its safe haven status amid rising tensions between Israel and Gaza. Our key support to maintain the rally is at 150.100. If the pair continues to rise and approaches 151.110, we may be wary of possible intervention by the Bank of Japan. Support: 150.100 Resistance: 151.110
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.72. When we evaluate the USDTRY exchange rate in the short term, the 30.35 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.76, 30.81 and 30.89 levels can be observed. Permanent movements above 31.02 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.05) are on the agenda. Support: 30.50 – 30.31 Resistance: 30.80 – 30.92
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, the upper point of the downtrend is important at 1.0890 - 1.0930, and the parity is trying to decide in the relevant region. Especially the negative course in the Dollar index strengthens the idea of changing the parity's trend. However, since the trend has not changed yet, it will be important to describe today as the decision phase. In terms of general strategy, while we care about the levels of 1.0850 and 1.0930, the expectation that the negative trend will continue below 1.0850 and the end of the negative trend above 1.0930 may occupy our agenda. Support: 1.0855 - 1.0755 Resistance: 1.0930 - 1.1045
With the effect of consumer inflation cooling down less than expected in the US, the 10-year Treasury bond interest rate exceeding 4.30% left room for pricing dominated by the desire to downgrade ounce gold in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2012 - 2021 region, which is currently supported by the 34 (2018) period exponential moving average. As long as the precious metal is traded below the 2012 - 2021 region, negative expectations may come to the fore. If the desire to downgrade continues, there may be a movement area towards the 1985 and 1977 levels. At this stage, the reaction of the 1973 - 1977 range can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2012 - 2021 region for the positive trend to come to the fore. In this case, the 2030 and 2040 levels may be encountered in possible increases. Support: 1985-1977 Resistance: 2012-2021
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2655 - 1.2690 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
Although the American Petroleum Institute's announcement of an 8.5 million barrel increase in stocks has caused some of the gains in oil futures to be returned, the overall upward outlook continues. Geopolitical risks are particularly at the forefront here. The course of European and US stock exchanges and the official stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 76.50 - 77.00 support in the upcoming period, the upward outlook may be at the forefront. In possible increases, 78.00 and 78.50 levels can be targeted. As long as possible decreases are limited to the 76.50 - 77.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 76.50 and hourly closings for the continuation of the downward desire. In this case, the 76.00 and 75.50 levels may come to the agenda. Support: 76.50 Resistance: 78.50
USDJPY Parity The Bank of Japan, BoJ, did not change its monetary policy in line with market expectations. While inflation estimates remain unchanged, the 2024 growth expectation was increased from 1% to 1.2%. While the 34-day average for the Classic Dollar Index is 102.45 and the 233-day average for the US 10-year bond interest rate is 4.02, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the parities may remain limited. The USDJPY Parity continues to price above the 55-day period. The parity, which started the day with an increase, is pricing above its 200-day average. If the day closes above 149.600, a New Ath idea may come to the agenda. If there is a decrease, it is expected to reach 147.635. Support: 147.635 Resistance: 149.600
Although the American Petroleum Institute's announcement of an 8.5 million barrel increase in stocks has caused some of the gains in oil futures to be returned, the overall upward outlook continues. Geopolitical risks are particularly at the forefront here. The course of European and US stock markets and the official stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 81.50 - 82.00 support in the upcoming period, the upward outlook may be at the forefront. In possible increases, the 83.00 and 83.50 levels can be targeted. As long as possible decreases are limited to the 81.50 - 82.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 81.50 Resistance: 83.50
USDTRY is currently trading close to 30.27 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.93 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.30, 30.37 and 30.44. Permanent movements above 30.53 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.49) are on the agenda. Support: 30.00 – 29.80 Resistance: 30.37 – 30.48
The US inflation data announced the day before last increased above expectations, causing the US indexes to retreat from record levels. In fact, this expected retreat was necessary for healthier growth. These corrections are a buying opportunity for every company producing artificial intelligence. While the selling pressure increased in construction and banking stocks, which are among the interest-sensitive sectors, the Nasdaq index ended the day with a decline of nearly 2% due to declines in mega-capital companies such as Tesla, Apple, and Microsoft with high market value. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, negative expectations are at the forefront as long as it is below the 17600 - 17700 region. Recoveries can be observed with the index breaking the 17700 resistance. For positive expectations, it may be necessary to see permanence above the 17800 - 17900 region. Support: 17500 - 17400 Resistance: 17700 - 17800
With the effect of the US 10-year Treasury bond yield falling below 4.10%, ounce gold has recorded some recovery in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2021 - 2030 region, which is currently supported by the 34 (2026) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In the meantime, the attitude of the 2040 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be monitored in order for the withdrawal trend to continue. Support: 2021-2012 Resistance: 2040-2052
For the DAXEUR index, the DAXEUR index, which has been on a horizontal negative course since the beginning of the week, ended the day in the negative region with the US inflation data announced above expectations the day before. We are following the 16800 - 16900 region with support from the 20-period exponential moving average for the DAXEUR index. We are following the decision stage scenario as long as the index moves within the relevant region. It may be necessary to follow the 16900 level for positive expectations in the index. Increases towards the 17000 level can be seen by exceeding the 16900 level. In the alternative scenario, it is expected that the declines will accelerate with the index falling below the 16800 support for negative expectations. In this case, the 16700 level and then the 200-period average (16600) levels can be followed as support. Support: 16800 - 16600 Resistance: 16900 - 17000
The new attacks by the US and the UK against the Houthis increased concerns about shipments in the Red Sea and was effective in the increase of oil prices again. The course of the European and US stock markets can be followed during the day. As long as the prices remain above the 74.00 - 74.50 support in the upcoming period, the upward view may be one step ahead. In possible increases, the 75.00 and 75.50 levels can be targeted. In possible decreases, as long as the 74.00 - 74.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 74.00 and hourly closings for the continuation of the downward desire. In this case, the 73.50 and 73.00 levels may be on the agenda. As long as the prices remain above the 74.00 - 74.50 support in the upcoming period, the upward view may be one step ahead. Support: 73.50 Resistance: 75.50
Bitcoin rose to 50360 yesterday, after the announced CPI data, after the decrease in Nasdaq and COIN stocks, the sales positions increased and sold almost 2000 dollars to 48380, then recovered BTC passed 49000. Today, it continues this movement. When the American Market opened yesterday, a serious sale was seen in ETF positions, and the purchases that came afterwards made us think that investors supported the confidence in Bitcoin. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which is close to its 30-day average, broke the 30-day average, which is around 47,200, upwards and passed 50000. If it breaks the 50800 resistance on a daily basis, we can see a 52000 movement. If sales increase, the 48900 support is the strongest support. Support: 48900 Resistance: 50800
The new attacks by the US and the UK against the Houthis increased concerns about shipments in the Red Sea and was effective in the increase of oil prices again. The course of the European and US stock markets can be followed during the day. As long as the prices remain above the 79.00 - 79.50 support in the upcoming period, the upward view may be one step ahead. In possible increases, the 80.50 and 81.00 levels can be targeted. In possible decreases, as long as the 79.00 - 79.50 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 79.00 and hourly closings for the continuation of the downward desire. In this case, the 78.50 and 78.00 levels may come to the agenda. As long as the prices remain above the 79.00 - 79.50 support in the upcoming period, the upward view may be one step ahead. Support: 79.00 Resistance: 81.00
US stock markets continued to break records, with Nasdaq closing the day with a 0.32% premium. This week, in terms of the economic calendar, US PMI data and PCE data, which is one of the data preferred by the Fed as an inflation indicator, stand out in terms of their possible effects on the index. In the balance sheet calendar, the last quarter balance sheets of important players in their sectors such as Tesla, Netflix, Intel for 2023 will be followed. As long as the Nasdaq index is above the 17200 - 17300 region in the short term, positive expectations are at the forefront. In the continuation of the rise, 17500 - 17600 levels can be followed as resistance. In possible corrections, negative expectations may come to the fore with the index breaking the 17200 support downwards. In this case, declines towards 17100 - 17000 levels can be observed again. Support: 17100 - 17000 Resistance: 17500 - 17600
In an environment where US stock markets broke records, European stock markets have not been able to display an effective performance since the beginning of the year. This week, the ECB interest rate decision and the statements of President Lagarde will be followed in terms of the messages she will give to the market after the decision. German PMI data can provide important data on how the markets will react to pricing at this stage. As long as the DAXEUR index moves within the 16600 - 16800 region with support from the 34-period average, the decision stage scenario is at the forefront. With the index breaking down the 16660 support, pullbacks towards the 16600 - 16400 levels may come to the agenda again. In possible recoveries, pricing towards the 16800 - 16900 levels can be observed with the index closing above the 16700 resistance. Support: 16600 - 16400 Resistance: 16800 - 16900
We think that Bitcoin has entered a period of stagnation for a while. We expect this stagnation to continue until mid-February. After seeing 48 thousand with ETF pricing, a correction of 40 thousand occurred. According to the chart, a second wave movement should come to the level of 38 thousand. We expect this to be not open-ended, but until mid-February in terms of time. If it does not reach the level of 38000 by this time, our expectation will be completely canceled and we will return to long. The first meeting of the FED (January 31) will be held during this process. There is a tension pricing after the last inflation data of the markets. Expectations have emerged depending on the interest rate cut taking place by investors. We think that it will prevent the Bitcoin side from moving upwards as it starts to take safe positions. Support: 38000 Resistance: 44000
The pricing behavior of the Classic Dollar Index for EURUSD, which is in line with the general data outlook and technical expectations, supports our negative view of EURUSD pairs. In this respect, as long as it remains above the 34 and 100-day averages (103.40), the DXY positive / parity negative scenario is at the forefront. When we evaluate the EURUSD pair in the short term (55-period exponential moving average), the 1.0755 - 1.0805 region maintains its importance, while the parity may want to continue its negative outlook under the relevant region. With this thought, a decline towards the supports of 1.0655, 1.0620 and 1.0580 can be observed. In particular, the continuation of the course below the 1.0715 level may strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. Under this condition, a new pricing reaction towards the psychological 1.1000 level can be observed. Support: 1.0715 – 1.0665 Resistance: 1.0805 – 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although 1.2645, where the 200-period exponential moving average is located, is important, the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2520, 1.2480 and 1.2440 can be observed. In particular, permanent movements below the level of 1.2520 can further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2520 Resistance: 1.2645
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, the upper point of the downtrend is important at 1.0890 - 1.0930, and the parity is trying to decide in the relevant region. Especially the negative course in the Dollar index strengthens the idea of changing the parity's trend. However, since the trend has not changed yet, it will be important to describe today as the decision phase. In terms of general strategy, while we care about the levels of 1.0850 and 1.0930, the expectation that the negative trend will continue below 1.0850 and the end of the negative trend above 1.0930 may occupy our agenda. Support: 1.0850 - 1.0755 Resistance: 1.0930 - 1.1045
The downward movement observed in the dollar index for the USDJPY pair is putting downward pressure on the pair. The December labor market report, which may have a significant impact on the future decisions of the American financial regulator, will be published in the United States on Thursday and Friday. The downward movement observed in the dollar index is putting downward pressure on the pair. The daily loss for the pair, which closed at 150.15 on the previous trading day, was 0.29%. The RSI indicator for the pair, which is above its 20-day moving average, is at 63.84, while its momentum is at 101.72. The 150.31 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 150.47, 150.79 and 150.96 may become important. In possible pullbacks, 149.99, 149.82 and 149.50 will be monitored as support levels. Support: 149,820 Resistance: 150,310
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2655 - 1.2690 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.75. When we evaluate the USDTRY exchange rate in the short term, the 30.43 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.81, 30.89 and 30.96 levels can be observed. Permanent movements above 31.05 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.08) are on the agenda. Support: 30.50 – 30.31 Resistance: 30.80 – 30.92
USDJPY Pair The increasing yield rates along with the sales in bonds in Japan are also causing interest expectations to increase. The 10-year bond yield increased by 11% to 0.71%. For the Classic Dollar Index, the 34-day average is 102.45, while for the US 10-year bond interest rate, the 233-day average is 4.02. Although it is important, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the parities may remain limited. The USDJPY Pair continues to price above the 55-day period. The parity, which started the day with an increase, is pricing above its 200-day average. If the day closes above 149.600, the idea of a New Ath may come to the agenda. If there is a decrease, it is expected to reach 147.135. Support: 147.135 Resistance: 149.600
With the support of the US 10-year Treasury bond interest rate falling by 4.30% to 4.23%, ounce gold has shown some recovery in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2003-2012 region, which is currently supported by the 34 (2010) period exponential moving average. As long as the precious metal is traded below the 2003-2012 region, negative expectations may come to the fore. If the downward trend continues, there may be a movement area towards the 1985 and 1977 levels. At this stage, the reaction of the 1973-1977 range can be monitored in terms of continuing downward pricing. In the alternative case, it may be necessary to see persistence above the 2003-2012 region for the positive trend to come to the fore. In this case, the 2021 and 2030 levels may be encountered in possible increases. Support: 1985-1977 Resistance: 2003-2012
USDTRY is currently trading close to 30.28 on a morning when developing country currencies diverge against the US Dollar. When we evaluate the USDTRY exchange rate in the short term, the 29.93 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.30, 30.37 and 30.44. Permanent movements above 30.55 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.53) are on the agenda. Support: 30.00 – 29.80 Resistance: 30.37 – 30.48
Oil futures fell sharply yesterday after the US Energy Information Administration announced a 12 million barrel increase in stocks, overshadowing all other headlines. Even Israel's decision not to send delegates to Cairo for ceasefire talks has been overshadowed by this picture. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as pricing remains below the 76.50 - 77.00 resistance in the upcoming process, a downward outlook may be at the forefront. In possible declines, 75.50 and 75.00 levels may be targeted. As long as possible recoveries are limited by the 76.50 - 77.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 77.00 and hourly closings for the continuation of the upward desire. In this case, 77.50 and 78.00 levels may come to the agenda. Support: 75.00 Resistance: 77.00
In the middle of the week; After the US 10-year Treasury bond yield rose to 4.15%, the effect of the limited movement around the 4.11% rate, ounce gold recorded limited pricing in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2021-2030 region, which is currently supported by the 34 (2026) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2040 and 2052 levels may come to the agenda. In the meantime, the attitude of the 2040 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2021 level may be required. In possible declines, the 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be monitored in order for the withdrawal trend to continue. Support: 2012-2003 Resistance: 2030-2040
Oil futures fell sharply yesterday after the US Energy Information Administration announced a 12 million barrel increase in stocks, overshadowing all other headlines. Even Israel's decision not to send delegates to Cairo for ceasefire talks has been overshadowed by this picture. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as pricing remains below the 81.50 - 82.00 resistance, a downward outlook may be at the forefront in the upcoming period. In possible declines, 80.50 and 80.00 levels may be targeted. As long as possible recoveries are limited by the 81.50 - 82.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 82.00 and hourly closings for the continuation of the upward desire. In this case, 82.50 and 83.00 levels may come to the agenda. Support: 80.50 Resistance: 82.00
Oil prices are following a calm course despite the American Petroleum Institute's announcement of a decrease of approximately 6.7 million barrels in stocks. Many headlines such as the high tension in the Middle East, the re-activation of the important production field Sharara in Libya, and the disruption of shipments in the Red Sea are causing an indecisive course. PMI data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain at and above the 73.50 - 74.00 support in the upcoming process, the upward trend may be one step ahead. In possible increases, the 74.50 and 75.00 levels can be targeted. In possible decreases, as long as the 73.50 - 74.00 support remains current, new upward potential may occur. may be necessary. In this case, the 73.00 and 72.50 levels may come to the agenda. Support: 73.50 Resistance: 75.50
After the inflation data announced on Tuesday, the selling pressure experienced in the indexes yesterday was short-lived. Nasdaq index, which showed a recovery reflex with reaction purchases, managed to complete the day with an increase of over 1%. Today, in the economic calendar, retail sales data on the US side and speeches by Atlanta Fed President Raphael Bostic and Fed President Christopher Waller will be followed. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, we follow the decision-making stage scenario as long as it moves within the 17800 - 17900 region. The pricing behavior of the index outside the relevant region will be monitored, and with the closing above the 17900 resistance, 18000 - 18100 levels can be targeted. In possible pullbacks, negative expectations may come to the fore with the index falling below the 17800 support. In declines, 17700 - 17600 levels can be followed as support. Support: 17700 - 17600 Resistance: 17900 - 18000
Oil prices are following a calm course despite the American Petroleum Institute's announcement of a decrease of approximately 6.7 million barrels in stocks. Many headlines such as the high tension in the Middle East, the re-activation of the important production field Sharara in Libya, and the disruption of shipments in the Red Sea are causing an indecisive course. PMI data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain at and above the 78.50 - 79.00 support in the upcoming process, the upward trend may be one step ahead. In possible increases, the 80.00 and 80.50 levels can be targeted. Therefore, it may be necessary to see the course below 78.50 and hourly closings for the continuation of the downward desire. In this case, the 78.00 and 77.50 levels may come to the agenda. Support: 79.00 Resistance: 80.50
For the DAXEUR index, the positive outlook was also dominant in European indices in parallel with the premium trend in US indices the day we left behind. Today, in the economic calendar, US retail sales, Christine Lagarde speech, Atlanta Fed President Raphael Bostic and Fed President Christopher Waller speeches will be among the headlines to follow. When we technically examine the short-term chart of the DAXEUR index, we are following the 17000 - 17100 region with support from the 20 - 89 period exponential moving average. For positive expectations in the index, it may be necessary to follow a persistence above the 17100 level. In the alternative scenario, for negative expectations, it is expected that the declines will accelerate with the index falling below the 17000 support. In this case, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 16900 - 16800 Resistance: 17100 - 17200
The previous day, a cautious course was dominant in US stock markets before the balance sheet announcements of major companies. Netflix announced 13 million subscriber growth above expectations in the fourth quarter. While the company's shares gained nearly 9%, Tesla will announce its fourth quarter balance sheet after the market close today. As long as the Nasdaq index remains above the 17400 - 17500 region in the short term, positive expectations are at the forefront. In the continuation of the rise, 17600 - 17700 levels can be followed as resistance. In possible corrections, negative expectations may come to the fore with the index breaking the 17400 support downwards. In this case, declines towards the 17300 - 17200 levels can be observed again. Support: 17300 - 17200 Resistance: 17600 - 17700
Bitcoin broke 52000 yesterday and rose to 52100, then fell to 51400 with the profit sales after the US Stock Market opened, then recovered and passed 51800. Today it continues its upward movement. It passed 52000 again. Yesterday, the purchases of $ 610 million in ETF positions and the fact that the total exceeded $ 5 billion made us think that investors support the confidence in Bitcoin. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which is close to its 30-day average, broke the 30-day average around 50,800 upwards and passed 51000. If it breaks the 52500 resistance on a daily basis, we can see a movement of 53800. If sales increase, the 50200 support is the strongest support. Support: 50800 Resistance: 53800
European stock markets were negative ahead of the ECB interest rate decision to be announced tomorrow. The DAXEUR index futures contract started the middle of the week at 16796. German and Eurozone PMI data to be announced today may increase volatility in European indices. As long as the DAXeur index moves within the 16726-16900 region with support from the 34-period average, the decision-making stage scenario is at the forefront. With the index breaking down the 16726 support, pullbacks to the 16600-16400 levels may be on the agenda again. In possible recoveries, pricing towards the 17000-17100 levels can be observed with the index closing above the 16900 resistance. The land-stage scenario is at the forefront within the 16726-16900 region. Support: 16600-16400 Resistance: 16800-16900
We think that Bitcoin has entered a period of stagnation for a while. We expect this stagnation to continue until mid-February. After seeing 48 thousand with ETF pricing, a correction of 40 thousand came. According to the chart, a second wave movement should come to the level of 38 thousand. We expect this to be not open-ended, but in time, until mid-February. If it does not reach the level of 38000 by this time, our expectation will be completely canceled and we will return to long. After our article, which was a point analysis yesterday, BTC, which saw 38550, reached 39700 again, and we expect another selling wave to come from here and this time to gain strength from 37900 and rise sharply. Support: 38000 Resistance: 44000
German banking giant Deutsche Bank has warned that the seven largest companies in the US have now become a macroeconomic phenomenon and that this group of stocks should be evaluated by considering their potential impact on all asset classes. A report published by Deutsche Bank drew attention to the size of the seven largest companies in the US, known as the Magnificent 7, in terms of market value, and stated that the impact of this group of companies has now reached the macroeconomic level and should be evaluated in this context, regardless of direction. The report stated that much of the strong performance observed in the market this year was due to a few large stocks, which is probably not new news for investors, but the extent to which these heavyweights have an impact on the S&P 500 Index deserves a deeper examination. It was even emphasized that the situation may have become a macroeconomic phenomenon at this point. The Magnificent 7, Apple, Alphabet, Amazon.com, Meta Platforms, Microsoft, Nvidia and Tesla, were the main forces that lifted the S&P 500 by more than 5 percent this year after finishing 2023 on a strong note. The investor frenzy in the field of artificial intelligence in particular helped technology companies that are heavily involved in artificial intelligence, such as chipmaker Nvidia and Meta, achieve double-digit percentage increases in just weeks. This concentration of stocks was last seen before the Great Depression. The bank noted that the market value of these stocks increased much faster than the other 493 companies in the S&P, causing the index to be extremely concentrated. On the other hand, according to Deutsche Bank Strategist Jim Reid, who said that we need to look back to the 1929 bubble to find a period when so few stocks had such a high weight in the broader market, the index is currently at its most concentrated in at least the last century. Reid cautions that stock market concentration at these levels is more than an anomaly and requires macroeconomic consideration, given how much the fate of these few companies affects overall sentiment. “There is little doubt that the performance of the Magnificent Seven stocks in recent months and even years has greatly influenced the macro environment. Without their dominance of the market, U.S. stocks and global sentiment would look very different. In turn, their future performance is likely to affect most global assets to some degree, perhaps even to a large extent,” the Deutsche Bank strategist wrote in a note on Tuesday. Total stock value could make up the world’s second-largest national stock exchange The bank notes that the combined market value of the Magnificent Seven could make up the world’s second-largest national stock exchange, twice the size of No. 4 Japan. In addition, Apple, Microsoft, the Saudi Arabian Stock Exchange and the U.K. Stock Exchange have very similar market caps. In addition, experts emphasize that if the Fed continues on the path of monetary policy expected by investors by significantly reducing interest rates this year, the weight of the Magnificent 7 could increase even more, which could make the stock group an even stronger focus. The increase may continue with the Fed's possible interest rate cut The bank emphasized that when bond yields fall, the tendency to turn to the stock market tends to be higher, and stated that the 10-year benchmark US bond yield rose to its highest level since the 2008-09 financial crisis as the Fed saw its peak in interest rate hikes, and is expected to fall as the US Federal Reserve cuts interest rates in the coming months. This situation could increase the market values of the Magnificent 7, which are growth-oriented and whose stock values are determined according to earnings expectations in the coming years, in terms of valuation. Low yields tend to increase the present value of future cash flows, and investors are already predicting that Nvidia's returns, for example, will outperform the broader market. Supportive and compelling factors In its report, Deutsche Bank identified a number of factors that support or challenge the continued growth of the Magnificent 7. The first group includes optimism that this group of stocks has global reach and high innovation power, that its earnings already surpass those of many major countries, that it has the backing of the US, and that artificial intelligence is still in its infancy. The second group includes pessimism about regulatory moves against “Big Tech” and public scrutiny of AI, geopolitical risks, and rapid technological change that could turn against the Magnificent Seven, who are valued as if they will always win. Reid emphasizes that regardless of one’s view on the subject, the macro impact of this group must be taken into account, saying, “Whether you think they continue to be an attractive investment vehicle or believe they are overvalued, one thing is for sure. You cannot ignore the impact of this group of stocks in any asset class.”
While adapting to the new short-term trend under the rising channel for EURUSD. When we evaluate the EURUSD parity in the short term, the upper point of the downtrend is important at 1.0850 - 1.0930, and the parity is trying to decide in the relevant region. Especially the negative course in the Dollar index strengthens the idea of changing the parity's trend. However, since the trend has not changed yet, it will be important to describe today as the decision phase. In terms of general strategy, while we care about the levels of 1.0850 and 1.0930, the expectation that the negative trend will continue below 1.0850 and the end of the negative trend above 1.0930 may occupy our agenda. Support: 1.0850 - 1.0755 Resistance: 1.0930 - 1.1045
Following the below-expected Retail & Core Retail Sales data for EURUSD in the US, we have followed the reaction of the recent trend movement for the Dollar Index and therefore for EURUSD. Today, we will follow the PPI and University of Michigan inflation expectation results from the US. When we evaluate the EURUSD parity in the short term (55-period exponential moving average), the 1.0755 – 1.0805 region maintains its importance, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0655, 1.0620 and 1.0580 can be observed. In particular, the continuation of the course below the 1.0715 level may strengthen the current pressure. Otherwise, a recovery towards the trend area can be observed. Under this condition, a new pricing reaction towards the psychological 1.1000 level can be observed. Support: 1.0715 – 1.0665 Resistance: 1.0805 – 1.0850
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34 and 200-period exponential moving averages (1.2664 - 1.2708 region), which we explained as reference indicators, are important, but the pair may want to continue its rise on the relevant averages. With this in mind, a movement area may form towards the 1.2730, 1.2782 and 1.2825 barriers. In particular, the 1.2782 level can also be followed to answer the question of whether it will confirm the current rise expectation. It should not be forgotten that permanent movements are needed below the averages in order for the perspective on the parity to shift to negative in a possible pullback. However, under this condition, the 1.2480 - 1.2520 region may occupy our agenda. Support: 1.25920 Resistance: 1.27820
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although 1.2640, where the 200-period exponential moving average is located, is important, the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the level of 1.2520 can strengthen the current pressure even more. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2520 Resistance: 1.2645
USDJPY Pair The increasing yield rates along with the sales in bonds in Japan are also causing interest expectations to increase. The 10-year bond yield increased by 11% to 0.71%. For the Classic Dollar Index, the 34-day average is 102.45, while for the US 10-year bond interest rate, the 233-day average is 4.02. Although it is important, it should not be forgotten that negative pressure continues as long as the reference indicators are not exceeded. This attitude may bring to the agenda the expectation that the possible reaction sale idea regarding the parities may remain limited. The USDJPY Pair continues to price above the 55-day period. The parity, which started the day with an increase, is pricing above its 200-day average. If the day closes above 149.600, the idea of a New Ath may come to the agenda. If there is a decrease, it is expected to reach 147.135. Support: 147.135 Resistance: 149.600
USDJPY Parity The Japanese economy contracted in the fourth quarter of 2023. Annual growth decreased by -0.4% and quarterly growth decreased by -0.1%. The inflation indicator decreased compared to the previous period on an annual basis and was announced as 3.8%. It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 150.27 on the previous trading day, was 0.21%. The RSI indicator for the parity, which is above its 20-day moving average, is at 63.77, while its momentum is at 102.11. The 150.16 level can be followed for intraday downward movements. If this level is broken, supports at 149.94, 149.62 and 149.41 may become important. In case of possible increases, resistance levels at 150.48, 150.69 and 151.01 will be monitored. Support: 149,620 Resistance: 150,690
Our main focus for USDTRY in domestic markets today will be on the TCMB Monetary Policy Decisions. The market expectation is that the weekly repo rate will increase by 250 basis points to 45.00 percent. When we evaluate the USDTRY exchange rate in the short term, the 29.93 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 30.30, 30.37 and 30.44. Permanent movements above 30.53 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (29.56) occupy the agenda. Support: 30.00 – 29.80 Resistance: 30.37 – 30.48
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.80. When we evaluate the USDTRY exchange rate in the short term, the 30.44 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 30.81, 30.89 and 30.97 can be observed. Permanent movements above 31.06 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.22) are on the agenda. Support: 30.60 – 30.44 Resistance: 30.89 – 30.97
After the US 10-year Treasury bond interest approached 4.20%, it pulled back to 4.15%, and in the short term, ounce gold recorded an outlook that limited its retreats. When we technically evaluate the short-term ounce gold pricing, we are following the 2021-2030 region, which is currently supported by the 34 (2023) period exponential moving average. Permanent pricing above the 2030 level may be needed for the positive expectation to be reinforced. In possible recoveries, 2040 and 2052 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2012 level may be required. In possible declines, 2012 and 2003 levels may be encountered. At this stage, the reaction of the 2003 level can be followed in order for the retreat trend to continue. Support: 2012-2003 Resistance: 2021-2030
The decline in crude oil stocks in the US, which was much higher than expected, by 9.2 million barrels, was effective in supporting oil prices. Two critical headlines, the European Central Bank monetary policy statement and US Q4 growth, will be monitored during the day. As long as pricing remains at and above the 74.50-75.00 support in the upcoming period, the upward outlook may be one step ahead. In possible increases, 76.00 and 76.50 levels may be targeted. In possible decreases, as long as the 74.50-75.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 74.50 and hourly closings for the continuation of the downward desire. In this case, the 74.00 and 73.50 levels may come to the agenda. Support: 74.50 Resistance: 76.50
The decline in crude oil stocks in the US, which was much higher than expected, by 9.2 million barrels, was effective in supporting oil prices. Two critical headlines, the European Central Bank monetary policy statement and US Q4 growth, will be monitored during the day. As long as pricing remains at and above the 79.50-80.00 support in the upcoming period, the upward outlook may be one step ahead. In possible increases, the 80.50 and 81.00 levels may be targeted. In possible decreases, as long as the 79.50-80.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 79.50 and hourly closings for the continuation of the downward desire. In this case, the 79.00 and 78.50 levels may come to the agenda. Support: 79.50 Resistance: 81.00
Following the retail sales data announced last day, the Nasdaq index ended the day with a 0.30% gain. While large-cap companies such as Microsoft, Nvidia, and Alphabet created selling pressure on the index yesterday, Tesla supported the index with 6.22% increases. The US PPI data will be followed on the economic calendar today, and both headline and core data are expected to increase on a monthly basis. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, positive expectations are at the forefront as long as it moves above the 17800 - 17900 region. In the continuation of the rise, 18000 - 18100 levels can be followed as resistance. In possible pullbacks, negative expectations can come to the fore with the index falling below the 17800 support. In declines, 17700 - 17600 levels can be followed as support. Support: 17800 - 17710 Resistance: 17950 - 18300
For DAXEUR The previous day, the DAXEUR index gained 0.6% in premium due to the decline in German 10-year bond yields. The DAXEUR index futures contract, which opened the last trading day of the week at 17136, is trading with buyers near 17100 while preparing the analysis. When we examine the short-term chart of the DAXEUR index technically, we are following the 17000 - 17100 region with support from the 20 - 89 period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. With the 17200 level being exceeded, increases towards 17300 can be seen. In the alternative scenario, it can be expected that the index will fall below the 17000 support for negative expectations and the pullbacks will accelerate. In this case, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 17000 – 16900 Resistance: 17200 – 17300
Bitcoin continues on its way at full speed by breaking 52500 yesterday. With the purchases that came with the opening of the American Stock Market, it rose to 52800 and then fell to 51300 with the subsequent sales, then BTC, which recovered again, closed the day above 52000. Continuing its upward movement today, BTC is currently moving at 52100 levels. The most important factor that shows that the upward movement can continue is the total purchase of 5,800 billion dollars in ETF positions, and the confidence in Bitcoin is getting stronger. In the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its average around 50,800, breaks the 53000 resistance on a daily basis, we can see a 53800 movement. If sales increase, the 51400 support is the strongest support. Support: 51400 Resistance: 53800
The new week for EURUSD will start horizontally today, and sharp movements are not expected due to the US Stocks and Agricultural Commodities being closed. When we evaluate the EURUSD parity in the short term, the downtrend upper point 1.0805 barrier maintains its importance, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. In particular, permanent movements below the level of 1.0755, where the 55-period exponential moving average is also located, may further strengthen the current pressure. Otherwise, a trend question can be observed. It should not be forgotten that permanent movements above the 1.0805 barrier are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the psychological level of 1.1000 can be observed under this condition. Support: 1.0755 – 1.0715 Resistance: 1.0805 – 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although the 200-period exponential moving average of 1.2640 is important, the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2605, 1.2565 and 1.2520 can be observed. In particular, permanent movements below the level of 1.2520 may further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the level of 1.2825 can be observed under this condition. Support: 1.2565 Resistance: 1.2655
USDJPY Parity was officially announced to have entered RECESSION after the data announced last week. It lost the title of the world's 3 largest economy to Germany, things are not going well for the Japanese Yen. The parity, which was called the Safe Haven of the Market for a long time, has now lost this title. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 150.00 on the previous trading day, was 0.17%. The RSI indicator for the parity, which is above its 20-day moving average, is at 61.68, while its momentum is at 102.51. The 150.03 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 150.17, 150.35 and 150.50 may become important. In possible pullbacks, 149.85, 149.70 and 149.52 will be followed as support levels. Support: 149,700 Resistance: 150,350
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.86. When we evaluate the USDTRY exchange rate in the short term, the 30.51 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.89, 30.97 and 31.05 levels can be observed. Permanent movements above 31.13 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.22) are on the agenda. Support: 30.60 – 30.44 Resistance: 30.97 – 31.05
On the first trading day of the week; the effect of the recovery of the US 10-year Treasury bond yield towards 4.30% allowed the suppression of gold ounce recoveries in the short term. When we technically evaluate the short-term gold ounce pricing, we are following the 2003 - 2012 region, which is currently supported by the 34 (2009) period exponential moving average. As long as the precious metal is traded above the 2003 - 2012 region, the upward trend may continue. If the positive pricing demand continues, the 2021 and 2030 levels may be encountered. In the alternative view, in order for the negative expectation to come to the fore, it may be necessary to see permanence below the 2003 - 2012 region. In this case, the 1993 and 1985 levels may come to the agenda. At this stage, the 1985 level may draw an outlook that limits the desire for decline. Support: 2012-2003 Resistance: 2030-2042
The fact that concerns stemming from global demand, especially China, started the week with an increase pushed the geopolitical risk theme back a step. However, prices have not yet covered the path that would support downward expectations. Israeli attacks and the ongoing attacks of the Houthis in the Red Sea are limiting the price decline. In the upcoming period, as long as pricing remains at and above the 77.00 - 77.50 support, the upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. As long as possible decreases are limited to the 77.00 - 77.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 77.00 and hourly closings for the continuation of the downward desire. In this case, 76.50 and 76.00 levels may come to the agenda. In the upcoming period, as long as pricing remains at and above the 77.00 - 77.50 support, the upward outlook may be at the forefront. Support: 77.00 Resistance: 78.50
The increase in global demand-related concerns, especially China, pushed the geopolitical risk theme back a step. However, prices have not yet covered the path that would support downward expectations. Israeli attacks and the Houthis' ongoing attacks in the Red Sea are limiting the price decline. As long as pricing remains at and above the 82.00 - 82.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 83.50 and 84.50 levels may be targeted. As long as possible decreases are limited to the 82.00 - 82.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.00 and hourly closings for the continuation of the downward desire. In this case, 81.50 and 81.00 levels may come to the agenda. Support: 82.00 Resistance: 83.50
After the CPI and PPI data, which increased above expectations last week, the Nasdaq index lost nearly 1% of its value, while the US stock market will be closed today due to US Presidents' Day. In stock exchanges where volume will be low, the FOMC meeting minutes to be published in the middle of this week and the Manufacturing and Services PMI data will be followed in terms of the economic calendar. After the Wednesday session, Nvidia's 2023/4.Q balance sheet is among the notable headlines of the week. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, negative expectations are at the forefront as long as it moves below the 17800 - 17900 region. In the continuation of the pullbacks, the 17700 - 17600 levels can be followed as support. For positive expectations, the index can be expected to move above the 17800 - 17900 region. With persistence above the relevant region, the 18000 - 18100 levels can be followed as resistance. Support: 17700 - 17600 Resistance: 17800 - 17900
The rise in European stock markets spread to the general public on the last trading day of the week we left behind. While the DAXEUR index closed with a 0.4% premium, this week's German, Eurozone and US PMI data, as well as FED and ECB monetary policy meeting minutes data are among the titles to be followed in terms of the economic calendar. When we examine the short-term chart of the DAXEUR index technically, we are following the 17000 - 17100 region with support from the 20 - 89 period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. With the 17200 level being exceeded, increases towards the 17300 level can be seen. In the alternative scenario, the index, which is under pressure under the 17200 resistance, can be expected to accelerate the pullbacks with the index falling below the 17000 support for negative expectations. In this case, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 17000 – 16900 Resistance: 17200 – 17300
Bitcoin broke the record of the last 3 years by reaching 52600 last week, then corrected from a place close to 50000 and came back to 51700. BTC, which started the week by continuing this upward movement, is currently moving at 52280 levels. The most important factor showing that the upward movement can continue is the confidence in Bitcoin, which is getting stronger with the total purchase of 6,230 billion dollars in ETF Positions. Since the American Stock Market is closed today, there will be no purchase. In the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 50,800, breaks the 53000 resistance on a daily basis, we can see a 53800 movement. If sales increase, the 51400 support is the strongest support. Support: 51400 Resistance: 53000
For EURUSD, the markets, which had a quiet day in the US due to President's Day, have critical importance in the new week's dynamics for the Fed and ECB past meetings, and PMI data for the Manufacturing and Services sectors. When we evaluate the EURUSD parity in the short term, the downtrend upper point 1.0805 barrier maintains its importance, but the parity may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.0755, 1.0715 and 1.0665 can be observed. It should not be forgotten that permanent movements above the 1.0805 barrier are needed for the 1.0755 level, which also includes the 55-period exponential moving average, to be considered invalid. However, a new pricing reaction towards the psychological 1.1000 level can be observed under this condition. Support: 1.0755 - 1.0715 Resistance: 1.0805 - 1.0850
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although 1.2636, where the 200-period exponential moving average is located, is important, the pair may want to continue its negative outlook under the relevant region. With this in mind, a decline towards the supports of 1.2565, 1.2520 and 1.2480 can be observed. In particular, permanent movements below the 1.2520 level may further strengthen the current pressure. Otherwise, a recovery towards the average can be observed. In such a recovery, it should not be forgotten that while the course under the indicator continues negatively, permanent movements above the averages are needed for the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2825 level can be observed under this condition. Support: 1.2520 Resistance: 1.2655
The USDJPY pair had risen above 150.00 for the first time since November. The weaker-than-expected real GDP will strengthen the Yen's determination to limit further depreciation and is unlikely to change interest rate hike expectations. The pair is seen to be on the rise due to the dollar's appreciation. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 150.32 on the previous trading day, was 0.12%. The RSI indicator for the pair, which is above its 20-day moving average, is at 63.75, while its momentum is at 101.36. The 150.27 level can be followed in intraday downward movements. If this level is broken, the supports at 150.17, 150.01 and 149.91 may become important. In possible increases, 150.42, 150.52 and 150.68 will be monitored as resistance levels. Support: 150,170 Resistance: 150,680
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.88. When we evaluate the USDTRY exchange rate in the short term, the 30.54 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 30.89, 30.97 and 31.05 levels can be observed. Permanent movements above 31.16 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.22) are on the agenda. Support: 30.60 – 30.44 Resistance: 30.97 – 31.05
Due to the limited movement of the US 10-year Treasury bond yield around 4.30%, ounce gold has recorded relatively horizontal movements in the short term. The precious metal, which opened the day at the 2017 level, is trading around the 2018 level while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2003 - 2012 region, which is currently supported by the 34 (2012) period exponential moving average. As long as the precious metal is trading above the 2003 - 2012 region, the upward trend may continue. If the positive pricing demand continues, the 2021 and 2030 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2003 - 2012 region for the negative expectation to come to the fore. In this case, the 1993 and 1985 levels may come to the agenda. At this stage, the 1985 level may draw an outlook that limits the downward demand. Support: 2012-2003 Resistance: 2030-2042
Oil prices continued to maintain their gains as the Houthis continued their attacks in the Red Sea. Although there was some loss due to concerns about weak demand at the beginning of the week, we saw that this was quickly compensated. The course of European and US stock markets can be followed during the day. As long as prices remain at and above the 77.50 - 78.00 support level, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels may be targeted. As long as possible decreases are limited to the 77.50 - 78.00 support level, new upward potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, 77.00 and 76.50 levels may be on the agenda. As long as prices remain at and above the 77.50 - 78.00 support level, an upward outlook may be at the forefront. Support: 77.50 Resistance: 79.00
Oil prices continued to maintain their gains as the Houthis continued their attacks in the Red Sea. Although there was some loss due to concerns about weak demand at the beginning of the week, we saw that this was quickly compensated. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 82.50 - 83.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 84.00 and 84.50 levels may be targeted. As long as possible decreases are limited to the 82.50 - 83.00 support level, new upward potential may occur. Therefore, it may be necessary to see the course below 82.50 and hourly closings for the continuation of the downward desire. In this case, the 82.00 and 81.50 levels may be on the agenda. As long as the prices remain at and above the 82.50 - 83.00 support level in the upcoming period, an upward outlook may be at the forefront. Support: 82.50 Resistance: 84.50
The US markets were closed last day due to US Presidents' Day. For this reason, a calm course with low volume was observed in US index futures. While the Nasdaq index is moving sideways, the FOMC meeting minutes to be followed tomorrow and the Manufacturing and Services PMI data to be announced for the rest of the week may be important for index movements in terms of the economic calendar. After the Wednesday session, Nvidia's 2023/4.Q balance sheet remains important among the week's notable headlines. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, negative expectations are at the forefront as long as it moves below the 17600 - 17700 region. In the continuation of the pullbacks, the 17500 - 17400 levels can be followed as support. For positive expectations, the index can be expected to move above the 17600 - 17700 region. With persistence above the relevant region, the 17800 - 17900 levels can be followed as resistance. Support: 17600 - 17500 Resistance: 17800 - 17900
The previous day, the German 10-year bond yield increased by 0.9 points to 2.41%, while the DAXEUR index completed the day in the negative region, albeit limited. This week, Germany, Eurozone and US PMI data, as well as the FED and ECB monetary policy meeting minutes are among the topics to be followed in terms of the economic calendar. When we examine the short-term chart of the DAXEUR index technically, we are following the 17000 - 17100 region with support from the 20 - 89 period exponential moving average. As long as the index moves within the relevant region, we are following the decision phase scenario. In the increases, increases towards the 17300 level can be seen with the 17200 level being exceeded. In the alternative scenario, in case of possible suppression under the 17200 resistance, the 16900 level and then the 200-period average (16800) levels can be followed as support. Support: 16900 – 16800 Resistance: 17100 – 17200
Bitcoin ended the day yesterday with shallow transactions between 52000-52400 with the average weekend volume since the American Stock Market was on holiday. BTC, which started the day horizontally again, is currently trading around 52000. The total purchase of $6,230 billion in ETF Positions last week is expected to continue today. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average of around 50,800, can see a movement of 53800 if it breaks the 53000 resistance on a daily basis, if sales increase, the 51400 support is the strongest support. Support: 51400 Resistance: 53000
The reaction sale observed in the Dollar Index on the second trading day of the week for EURUSD brought an increase in EURUSD and GBPUSD parities. The minutes from which we will reach the details of the past meetings of the Fed today are of critical importance. When we evaluate the EURUSD parity in the short term, it follows a profile that questions its negative trend as a result of recent movements. Although the levels of 1.0850 and 1.0755 are being followed at this stage, permanent movements outside the relevant levels are needed for clearer movements. In the continuation of the negative trend, permanent movements below 1.0755 and with this thought, the continuation of the pressure towards the level of 1.0665, In the end of the negative trend, permanent movements above 1.0850 and with this thought, a new pricing reaction towards the level of 1.1000 can be observed. Support: 1.0785 – 1.0755 Resistance: 1.0845 – 1.0890
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, it follows a profile that questions its negative trend as a result of recent movements. Although the levels of 1.2605 and 1.2670 are being followed at this stage, permanent movements outside the relevant levels are needed for clearer movements. In the continuation of the negative trend, permanent movements below 1.2605 and with this thought, the continuation of the pressure towards the level of 1.2480, In the end of the negative trend, permanent movements above 1.2670 and with this thought, a new pricing reaction towards the level of 1.2825 can be observed. Support: 1.2605 Resistance: 1.2670
The USDJPY pair had risen above 150.00 for the first time since November. The weaker-than-expected real GDP will strengthen the determination to limit further depreciation of the Yen and is unlikely to change interest rate hike expectations. The pair is seen to be on the rise due to the appreciation of the dollar. The downward movement observed in the dollar index is pressuring the pair downwards. The daily loss for the pair, which closed at 149.95 on the previous trading day, was 0.02%. The RSI indicator for the pair, which is above its 20-day moving average, is at 61.16, while its momentum is at 100.87. The 149.96 level can be followed for intraday upward movements. If this level is passed, resistance levels of 150.07, 150.20 and 150.31 may become important. In case of possible pullbacks, support levels of 149.84, 149.73 and 149.60 will be monitored. Support: 149,600 Resistance: 150,310
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 30.92. When we evaluate the USDTRY exchange rate in the short term, the level of 30.59 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 30.97, 31.05 and 31.13 can be observed. Permanent movements above 31.21 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.25) are on the agenda. Support: 30.60 – 30.44 Resistance: 30.97 – 31.05
In the middle of the week; with the effect of the US 10-year Treasury bond yield pulling back to 4.26%, the ounce gold recorded an outlook dominated by the desire to rise in the short term. The precious metal, which opened the day at the 2023 level, is trading around the 2030 level while the analysis is being prepared. The FOMC meeting minutes can be followed during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2012 - 2021 region, which is currently supported by the 34 (2016) period exponential moving average. As long as the precious metal is trading above the 2012 - 2021 region, the upward trend may continue. If the positive pricing desire continues, the 2040 and 2052 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2012 - 2021 region for the negative expectation to come to the fore. In this case, the 2003 and 1993 levels may come to the agenda. Support: 2021-2012 Resistance: 2040-2052
US crude oil futures have started to follow a calm course after yesterday's decline. However, caution should be exercised against the potential for increased activity ahead of the headlines intensifying in the US and the stock figures to come tomorrow. The course of European and US stock exchanges can be followed during the day. In the upcoming process, pricing and hourly closings outside the 77.00 - 77.50 region may clarify the search for direction. The desire to fall may come to the fore with the course and hourly closings below 77.00. In this case, the 76.50 and 76.00 levels can be targeted. In possible recoveries, the attitude of the 77.50 resistance can be followed. The breakdown of this resistance and hourly closings in the region may bring the 78.00 and 78.50 levels to the agenda. Support: 77.00 Resistance: 78.50
Brent oil futures have started to follow a calm course after yesterday's decline. However, caution should be exercised against the potential for increased activity ahead of the headlines intensifying in the US and the stock figures to come tomorrow. The course of European and US stock exchanges can be followed during the day. In the upcoming process, pricing and hourly closings outside the 82.00 - 82.65 region may clarify the search for direction. The desire to decline may come to the fore with the course and hourly closings below 82.00. In this case, the 81.50 and 81.00 levels can be targeted. In possible recoveries, the attitude of the 82.65 resistance can be followed. The breaking of this resistance and hourly closings in the region may bring the 83.00 and 83.50 levels to the agenda. Support: 81.00 Resistance: 83.50
While it will be monitored whether the Fed will receive signals that it may enter a soft landing this year in the FOMC meeting minutes to be followed today, yesterday the Nasdaq index closed negatively by nearly 1% due to the selling pressure in the company's shares being the catalyst for Nvidia's balance sheet. After today's minutes, Nvidia's balance sheet will continue to be among the effective titles in the index movements. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, as long as it moves below the 17500 - 17600 region, negative expectations are at the forefront. In the continuation of the pullbacks, the 17400 - 17300 levels can be followed as support. In the index, which finds support at the 200-period exponential moving average level of 17400, it can be expected to move above the 17600 - 17700 region for positive expectations. With persistence above the relevant region, the 17800 - 18000 levels can be followed as resistance. Support: 17480 - 17400 Resistance: 17600 - 17700
The day we left behind, the DAXEUR index managed to consolidate some of the declines towards the end of the session and completed the day close to flat. For the DAXEUR futures contract, this week, the German, Eurozone and US PMI data, as well as the FED and ECB monetary policy meeting minutes are among the titles to be followed in terms of the economic calendar. When we examine the short-term chart of the DAXEUR index technically, we are following the 17070 - 17150 region with support from the 20-period exponential moving average. For positive expectations, the index can be expected to close above the 17150 resistance. In increases, increases towards the 17300 level can be seen by exceeding the 17200 level. In the alternative scenario, in case of possible suppression under the 17200 resistance, the 16970 level of the index and the 200-period average (16900) levels can be followed as support for negative expectations. Support: 16900 – 16800 Resistance: 17100 – 17200
Bitcoin tried to break 53000 again after the American Stock Market reopened yesterday, but with the profit sales it took from 52985, it fell back to 52000 levels. After the Stock Market opened, sales accelerated and BTC fell to 50800, then recovered and closed the day at 52000. BTC, which started horizontally today, is currently around 51850. The total purchase of $ 6,230 billion in ETF positions last week is expected to continue today. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 50,800, breaks the 53000 resistance on a daily basis, we can see a 53800 movement. If sales increase, the 50800 support is the strongest support. Support: 50800 Resistance: 53000
We have entered a day where the most intense news of the week and therefore pricing behavior can be effective for EURUSD. Although the reaction sale observed in the Dollar Index brought an increase in EURUSD and GBPUSD parities, it is not enough. When we evaluate the EURUSD parity in the short term, it follows a profile that questions its negative trend as a result of recent movements. Although the levels of 1.0850 and 1.0755 are being followed at this stage, permanent movements outside the relevant levels are needed for clearer movements. In the continuation of the negative trend, permanent movements below 1.0755 and with this thought, the continuation of the pressure towards the level of 1.0665, In the end of the negative trend, permanent movements above 1.0850 and with this thought, a new pricing reaction towards the level of 1.1000 can be observed. Support: 1.0810 – 1.0755 Resistance: 1.0885 – 1.0930
The GBPUSD pair could not continue the new short-term trend under the rising channel and followed a scenario leading to a short-term trend change. Although the reaction sale observed in the Dollar Index brought an increase in EURUSD and GBPUSD pairs, it is not enough. When we evaluate the GBPUSD pair in the short term, it follows a profile that questions its negative trend as a result of recent movements. Although the levels of 1.2605 and 1.2670 are being followed at this stage, permanent movements outside the relevant levels are needed for clearer movements. In the continuation of the negative trend, permanent movements below 1.2605 and with this thought, the continuation of the pressure towards the level of 1.2480, In the end of the negative trend, permanent movements above 1.2670 and with this thought, a new pricing reaction towards the level of 1.2825 can be observed. Support: 1.2605 Resistance: 1.2670
The USDJPY pair extended its sideways consolidative price movement on Wednesday and remained limited in a one-week range against its American counterpart throughout the Asian session. Geopolitical risks stemming from conflicts in the Middle East and the extension of the Russia-Ukraine war continue to weigh on investor sentiment. This situation emerges as a significant factor supporting the safe-haven JPY. The pair, which closed at 150.33 on the previous trading day, gained 0.09% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 63.37, while its momentum is at 101.68. The 150.33 level can be followed for intraday downward movements. If this level is broken, supports at 150.20, 150.06 and 149.93 may become important. In case of possible increases, resistance levels at 150.46, 150.59 and 150.73 will be monitored. Support: 149,930 Resistance: 150,590
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.02. When we evaluate the USDTRY exchange rate in the short term, the 30.67 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.05, 31.13 and 31.20 levels can be observed. Permanent movements above 31.30 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.31) are on the agenda. Support: 30.80 – 30.67 Resistance: 31.13 – 31.20
Following the publication of the FOMC meeting minutes, the US 10-year Treasury bond yield has shown some recovery in the short term, due to the movement around the 4.30% rate. During the day, leading service and manufacturing PMIs, unemployment benefits applications and existing home sales can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2021 level, which is currently supported by the 34 (2019) period exponential moving average. As long as the precious metal is traded above the 2021 level, the upward trend may continue. If the positive pricing demand continues, the 2030 and 2040 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2021 level for the negative expectation to come to the fore. In this case, the 2012 and 2003 levels may come to the agenda. Support: 2021-2012 Resistance: 2040-2052
Despite the American Petroleum Institute's announcement of an increase of approximately 7.2 million barrels in stocks, oil futures continued their upward trend with the perception that the rise in stock indices would improve the demand outlook. Whether this situation, which gained momentum after the Nvidia balance sheet, will continue during the day is important. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration will be monitored during the day. As long as the pricing remains above the 77.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. In possible decreases, as long as the 77.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 level may come to the agenda. Support: 77.50 Resistance: 79.00
Despite the American Petroleum Institute's announcement of an increase of approximately 7.2 million barrels in stocks, oil futures continued their upward trend with the perception that the rise in stock indices would improve the demand outlook. Whether this situation, which gained momentum after the Nvidia balance sheet, will continue during the day is important. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration will be monitored during the day. As long as the pricing remains above the 82.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 83.50 and 84.00 levels may be targeted. In possible decreases, as long as the 82.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 82.50 and hourly closings for the continuation of the downward desire. In this case, the 82.00 level may come to the agenda. Support: 82.50 Resistance: 84.00
We followed the members' concerns about the interest rate cut in the FOMC meeting minutes published yesterday. While the Nasdaq index was negative by nearly 1% after the minutes on the day when the sales were widespread, the announced balance sheet of Nvidia stocks, whose balance sheet we were expecting after the session on the same day, came in stronger than expected and regained their losses in the post-closing transactions. The US leading PMI data will be followed in the economic calendar for the Nasdaq index today. When we technically examine the short-term pricing behavior of the Nasdaq index futures contract, the index, which found support at the 200-period exponential moving average level of 17400 in the recent declines, can be expected to remain above the 17800 resistance for positive expectations. In increases, recoveries can be observed towards the levels of 17900 - 18000. In possible declines, negative expectations can come to the fore with the index falling below 17700. In declines, declines can be observed towards the level of 17400. Support: 17700 - 17600 Resistance: 17800 - 17900
The DAXEUR index closed the day positively by 0.29%, while the DAXEUR index futures contract made a significant gain on the new day, opening at 17223. Germany, Eurozone and US PMI data and ECB meeting minutes are among the titles to be followed in terms of the economic calendar for the DAXEUR futures contract today. When we examine the short-term chart of the DAXEUR index technically, we are following the 17070 - 17150 region with support from the 20-period exponential moving average. For positive expectations, the index can be expected to close above the 17300 resistance. In increases, increases towards the 17400 level can be seen by exceeding the 17300 level. In the alternative scenario, in case of possible suppression under the 17300 resistance, the 17100 level of the index and the 200-period average (16900) levels can be followed as support for negative expectations. Support: 17100 – 16900 Resistance: 17300 – 17400
Bitcoin had an eventful day yesterday with both the FED Meeting minutes and NVDIA Balance Sheet, providing quite volatility. BTC, which fell to $ 50625 with the selling pressures during the day, gained upward momentum after the Meeting Tunnels were announced. After the NVDIA Balance Sheet was announced, it closed the day at $ 51950, the highest of the day. The total purchase of $ 1,100 billion in ETF Positions yesterday is expected to continue again today. In the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 50,800, can see a 53800 Movement if it breaks the 53000 resistance on a daily basis. If sales increase, the 50800 support is the strongest support. Support: 50800 Resistance: 53000
For EURUSD, we have followed a volatile process with macroeconomic indicators that we have been monitoring throughout the week, but where positive pricing reactions are at the forefront. When we evaluate the EURUSD parity in the short term, it follows a profile that has ended its negative trend as a result of recent movements. While the 1.0790 - 1.0805 region, where the 55-period exponential moving average is also located, is important, the parity may want to adapt to its new positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 1.0850, 1.0895 and 1.0930. In particular, permanent movements above 1.0855 may further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.0790 - 1.0805 region are needed. However, under this condition, a new pricing reaction can be observed towards the 1.0695 bottom point. Support: 1.0790 – 1.0755 Resistance: 1.0855 – 1.0930
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. Although the reaction sale observed in the Dollar Index brought an increase in EURUSD and GBPUSD pairs, it is not enough. When we evaluate the GBPUSD pair in the short term, it follows a profile that has ended its negative trend as a result of recent movements. Although the 1.2605 - 1.2635 region, where the 200-period exponential moving average is also located, is important, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. In particular, permanent movements above 1.2720 can further strengthen the current positive desire. Otherwise, it should not be forgotten that permanent movements below the 1.2605 - 1.2635 region are needed if it wants to return to its negative trend. Only under this condition can a new pricing reaction be observed towards the bottom point of 1.2520. Support: 1.2635 Resistance: 1.2720
USDJPY Pair Closed at 150,600 yesterday after the dollar index recovered after reaching the 150 limit. Geopolitical risks stemming from the conflicts in the Middle East and the extension of the Russia-Ukraine war continue to put pressure on investors' sentiment. This situation emerges as an important factor supporting the safe haven JPY. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 150.50 on the previous trading day, was 0.01%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 64.20, while its momentum is at 101.57. The 150.48 level can be followed for intraday downward movements. If this level is broken, supports at 150.39, 150.29 and 150.20 may become important. In possible increases, resistance levels at 150.58, 150.67 and 150.77 will be monitored. Support: 150,290 Resistance: 150,770
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.08. When we evaluate the USDTRY exchange rate in the short term, the 30.71 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.13, 31.20 and 31.29 levels can be observed. Permanent movements above 31.33 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.31) are on the agenda. Support: 30.80 – 30.67 Resistance: 31.13 – 31.20
Following the leading manufacturing and services PMI data from the US, the ounce of gold has shown limited recoveries in the short term due to the effect of the 10-year treasury bond yield moving around 4.33%. When we technically evaluate the short-term pricing of ounce gold, we are following the 2021 level, which is currently supported by the 34 (2021) period exponential moving average. As long as the precious metal suppresses the desire to retreat at the 2021 level, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2030 and 2040 levels. At this stage, the attitude of the 2030 level can be monitored in terms of the continuity of the upward expectation. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2021 level. In such a case, the 2012 and 2003 levels may be encountered in the possible declines. Support: 2012-2003 Resistance: 2030-2040
The US Energy Information Administration's announcement of a 3.5 million barrel increase in stocks, despite higher expectations of increases, has caused concerns about weak demand to be highlighted, causing a pullback in oil futures to be monitored. The course of European and US stock markets can be followed during the day. In the upcoming period, as long as pricing remains at and above the 77.50 - 78.00 support, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. In possible decreases, as long as the 77.50 - 78.00 support remains current, new upward potential may occur. Therefore, in order for the decline to continue, it may be necessary to see the course below 77.50 and hourly closings. In this case, the 77.00 and 76.50 levels may come to the fore. In the upcoming period, as long as pricing remains at and above the 77.50 - 78.00 support, an upward outlook may be at the forefront. Support: 77.00 Resistance: 79.00
The US Energy Information Administration's announcement of a 3.5 million barrel increase in stocks, despite higher expectations of increases, still highlighted concerns about weak demand, causing a pullback in oil futures to be monitored. The course of European and US stock markets can be followed during the day. In the upcoming process, as long as pricing remains at and above the 82.50 - 83.00 support, an upward outlook may be at the forefront. In possible increases, 83.50 and 84.00 levels may be targeted. In possible decreases, as long as the 82.50 - 83.00 support remains current, a new upward potential may occur. Therefore, in order for the decline to continue, it may be necessary to see the course below 82.50 and hourly closings. In this case, the 82.00 and 81.50 levels may be on the agenda. In the upcoming process, as long as pricing remains at and above the 82.50 - 83.00 support, an upward outlook may be at the forefront. Support: 82.50 Resistance: 84.00
The Nvidia wind blew in the stock markets supported by the strong labor, housing and manufacturing data announced in the US the other day. The productive artificial intelligence raw material producer pulled the technology index up with the record-breaking balance sheet it announced and the Nasdaq index gained close to 3%. The course of the US stock markets will be followed for index movements today before the PCE data to be announced next week. As long as the Nasdaq index futures contract, which was above the short-term averages in yesterday's US session, is above the 17900-18000 region, positive expectations are at the forefront. In increases, the 18100 - 18200 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the index falling below 17900. In decreases, decreases towards the 17800 level can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200
According to the PMI data released the other day, the weakness in manufacturing activity in the Eurozone continued. The premium trend in US stock markets also spread to European stock markets and the DAXEUR index gained nearly 2%. During the day, Germany growth and IFO business climate data can be followed for index movements. When we examine the short-term chart of the DAXEUR index technically, we follow 17400 with support from the 20-period exponential moving average. As long as the index moves above the relevant level, positive expectations are at the forefront. In increases, increases can be seen towards 17500 and then 17600. In the alternative scenario, in case of possible suppression under the 17500 resistance, it can be expected that the declines will accelerate with the index falling below the 17300 level for negative expectations. In this case, the 17250 level and then the 89-period average (17070) levels can be followed as support. Support: 17300 – 17070 Resistance: 17500 – 17600
Bitcoin had one of the calmest days of the week yesterday. BTC, stuck between the 51000-52000 band, closed the day right in the middle with the 51500 level. The purchase in ETF positions is still continuing, this is a very serious success, the total purchase of 660 million dollars yesterday is expected to continue again today. In the medium term (3 months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average of around 50,800, can see a 53800 movement if it breaks the 53000 resistance on a daily basis, if sales increase, the 50800 support is the strongest support. Support: 50800 Resistance: 53000
In a week where we will complete February for EURUSD, we expect a US-intensive news flow. The most important data of the week will be US Growth and the PCE Deflator, which the Fed closely follows, while the Euro Zone CPI and FOMC members' speeches will also be followed. When we evaluate the EURUSD parity in the short term, the 1.0805 region, where the 55-period exponential moving average is located, is important, and an increase towards 1.0850, 1.0895 and 1.0930 levels can be observed. In particular, permanent movements above 1.0850 can further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.0797 - 1.0805 region are needed if the parity wants to return to the negative trend it ended with this pressure. However, a new pricing reaction towards the 1.0695 bottom point can be observed under this condition. Support: 1.0790 – 1.0755 Resistance: 1.0855 – 1.0930
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. The reaction sale observed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the ending trend and the 200-period exponential moving average of 1.2638 are important, but the pair may want to adapt to its new positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. In particular, permanent movements above 1.2720 may further strengthen the current positive desire. It should not be forgotten that permanent movements below the 1.2638 region are needed if the pair wants to return to the negative trend it has ended. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2635 Resistance: 1.2720
USDJPY Pair Managed to Close Last Week Positive Again JPY, which the Central Bank of Japan did not intervene in, continues to lose value. The Stock Market in Japan, which breaks new records every day, is beginning to move away from the Safe Haven Perception by losing value in Japan. The daily loss for the pair, which closed at 150.45 on the previous trading day, was 0.03%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 63.73, while its momentum is at 100.77. The 150.43 level can be followed in intraday downward movements. In case of falling below this level, the supports of 150.31, 150.17 and 150.05 may become important. In possible increases, the resistance levels of 150.57, 150.70 and 150.83 will be monitored. Support: 150,050 Resistance: 150,770
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.10. When we evaluate the USDTRY exchange rate in the short term, the 30.74 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.13, 31.20 and 31.29 levels can be observed. Permanent movements above 31.37 may strengthen the upward trend. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.35) are on the agenda. Support: 30.80 – 30.67 Resistance: 31.13 – 31.20
On the first trading day of the week, the US 10-year Treasury bond yield displayed an outlook that suppressed ounce gold recoveries in the short term, due to the effect of limiting the declines around 4.23%. New home sales can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2021 - 2030 region, which is currently supported by the 34 (2024) period exponential moving average. As long as the precious metal suppresses the desire to retreat in the 2021 - 2030 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2040 and 2052 levels. In the alternative case, in order for the negative expectation to come to the fore, permanence may be required below the 2021 - 2030 region. In this case, the 2012 and 2003 levels may be encountered in the declines that may occur. Support: 2021-2003 Resistance: 2040-2052
Oil prices started the week with losses due to concerns about weak demand. Important data will be monitored in the US throughout the week. Inflation is at the top of the list. In addition, we will continue to follow the production and stock figures in the US and the Middle East agenda. In the upcoming period, as long as the prices remain at and below the 76.50 - 77.00 resistance, a downward outlook may be at the forefront. In possible declines, the 75.50 and 75.00 levels may be targeted. In possible recoveries, as long as the 76.50 - 77.00 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 77.00 and hourly closings for the continuation of the upward demand. In this case, the 77.50 and 78.00 levels may come to the agenda. In the upcoming period, as long as the prices remain at and below the 76.50 - 77.00 resistance, a downward outlook may be at the forefront. Support: 75.00 Resistance: 77.00
Oil prices started the week with losses due to concerns about weak demand. Important data will be monitored in the US throughout the week. Inflation is at the top of the list. In addition, we will continue to follow the production and stock figures in the US and the Middle East agenda. In the upcoming process, as long as the prices remain at and below the 81.00 - 81.50 resistance, a downward outlook may be at the forefront. In possible declines, the 80.00 and 79.50 levels may be targeted. In possible recoveries, as long as the 81.00 - 81.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 81.50 and hourly closings for the continuation of the upward demand. In this case, the 82.00 and 82.50 levels may be on the agenda. In the upcoming process, as long as the prices remain at and below the 81.00 - 81.50 resistance, a downward outlook may be at the forefront. Support: 79.50 Resistance: 82.50
The NDXUSD index, which started the week we left behind with selling pressure, managed to rise above the 20-day average again due to the impact of the balance sheet of chipmaker Nvidia, which announced a record profit above expectations. Important calendar data such as US growth, PCE, and ISM Manufacturing PMI will be followed for the NDXUSD index, which ended the last trading day of the week with a 0.28% loss of value. When we examine it technically, the index, which has been under pressure again under the 18100 resistance, where it has failed to maintain its permanence, continues to be positively expected as long as it moves above the 17800-17900 region. While the reaction of the index to the 18100 resistance is important in increases, permanence above this level can be followed to confirm the positive expectation. In possible decreases, negative expectations may come to the fore with the index falling below 17800. In decreases, the 17400-17500 region, which previously worked as support, can be followed as a control region. Support: 17800 - 17700 Resistance: 18000 - 18100
The DAXEUR index managed to carry its rise to the fifth week. For the index, which is moving above short and medium-term averages, this week, Eurozone and German inflation, as well as US PCE data, stand out among the data sets to be followed with importance for index movements. When we examine the short-term chart of the DAXEUR index technically, we follow 17300 with support from the 20-period exponential moving average. As long as the index moves above the relevant level, positive expectations are at the forefront. In increases, increases towards 17500 and then 17600 may be seen. In the alternative scenario, in case of possible suppression under the 17500 resistance, it is expected that the index will fall below the 17300-level for negative expectations, and the pullbacks will accelerate. In this case, declines towards 17150 with support from the 89-period average can be followed downwards. Support: 17300 - 17070 Resistance: 17500 - 17600
Bitcoin Managed to Close Last Week Almost as It Started As an Institution, We Still Have a Thought of a Retracement to 48000, The Most Important Reason for This, Since It Will React More According to the Situation of the American Stock Market Together with ETF, Especially the pullback in Nasdaq may play an important role in the fall of COIN Stock and ETFs, With the effect of this, a correction of approximately 7% is reasonable in our opinion, but in the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 51,200, breaks the 53000 resistance on a daily basis, we can see a movement of 53800, if sales increase, the 50800 support is the strongest support. Support: 50800 Resistance: 53000
We have left the first trading day of the week behind for EURUSD. The EURUSD parity was partly optimistic. The region where the Classic Dollar Index is located should be followed carefully together with the macroeconomic developments in the upcoming period. When we evaluate the EURUSD parity in the short term, the 55-period exponential moving average (1.0805) is important, and the parity may want to adapt to its new positive outlook in the relevant region. With this in mind, an increase towards the levels of 1.0855, 1.0895 and 1.0930 can be observed. Especially permanent movements above 1.0855 can further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.0805 region are needed for this pressure and the current scenario to be invalidated. However, a new pricing reaction towards the 1.0695 bottom point can be observed under this condition. Support: 1.0835 – 1.0805 Resistance: 1.0855 – 1.0895
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. The reaction sale observed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the ending trend and the 200-period exponential moving average (1.2640) are important, but the pair may want to adapt to its new positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 1.2720, 1.2775 and 1.2825. In particular, permanent movements above 1.2720 may further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.2640 region are needed for this pressure and the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2640 Resistance: 1.2720
The USDJPY pair continues to struggle to gain momentum and traded in a narrow trading range yesterday. The short-term trend remains bearish following expectations that the BOJ will postpone its policy tightening plan amid the recession in Japan. Apart from this, expectations that the Fed will keep interest rates high for a longer period act as a supportive factor for the USDJPY pair. The daily loss for the pair, which closed at 150.43 on the previous trading day, was 0.17%. The RSI indicator for the pair, which is above its 20-day moving average, is at 62.48, while its momentum is at 100.76. The 150.52 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 150.63, 150.84 and 150.95 may become important. In possible pullbacks, 150.31, 150.20 and 149.99 will be monitored as support levels. Support: 150,200 Resistance: 150,630
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.13. When we evaluate the USDTRY exchange rate in the short term, the level of 30.74 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 31.13, 31.20 and 31.29 can be observed. Permanent movements above 31.41 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.39) are on the agenda. Support: 30.80 – 30.67 Resistance: 31.20 – 31.29
The US 10-year Treasury bond yield has seen some recovery in the short term due to the decline from 4.30% to 4.27%. Durable goods orders, Conference Board consumer confidence and Richmond manufacturing index can be monitored during the day due to their possible effects. When we evaluate short-term gold ounce pricing technically, we are following the 2021-2030 region, which is currently supported by the 34 (2024) period exponential moving average. As long as the precious metal is traded above the 2021-2030 region, the upward trend may continue. If the positive pricing demand continues, the 2040 and 2052 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2021-2030 region for the negative expectation to come to the fore. In this case, the 2012 and 2003 levels may come to the fore. Support: 2021-2012 Resistance: 2040-2052
Oil prices, which rose with the news flow indicating that refineries' purchasing activities in the US and China increased, gave back some of their gains in the Asian session. We will watch the data flow on the US side begin to intensify during the day. In the country where consumer confidence will be announced, the stock figures to be announced by the American Petroleum Institute in the first hour of Wednesday will be monitored. As long as the pricing remains at and above the 77.00 - 77.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 78.00 and 78.50 levels may be targeted. In possible decreases, as long as the 77.00 - 77.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 77.00 and hourly closings for the continuation of the downward desire. In this case, the 76.50 and 76.00 levels may come to the agenda. Support: 76.50 Resistance: 78.50
Oil prices, which rose with the news flow indicating that refineries' purchasing activities in the US and China increased, gave back some of their gains in the Asian session. We will watch the data flow from the US side begin to intensify during the day. In the country where consumer confidence will be announced, the stock figures to be announced by the American Petroleum Institute in the first hour of Wednesday will be monitored. As long as the pricing remains at and above the 82.00 - 81.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 83.00 and 83.50 levels may be targeted. In possible decreases, as long as the 82.00 - 81.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 82.00 and hourly closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 81.50 Resistance: 83.50
The Nasdaq index, which closed horizontally negative the day before, started the new day with a seller. Important calendar data such as the Conference Board consumer confidence will be followed for the Nasdaq index during the day. When we examine the NDXUSD technically, the index, which was tested two weeks ago but failed to maintain its permanence above the 18100 resistance, continues to be under pressure again as long as it moves above the 17800-17900 region, positive expectations continue to be at the forefront. While the index's reaction to the 18100 resistance is important in increases, permanence above this level can be followed to confirm the positive expectation. As long as the 17900 support remains up-to-date, the expectation of an upward recovery continues, and in possible decreases, negative expectations may come to the fore with the index falling below 17800. In decreases, the 17400 - 17500 region, which previously worked as support, can be followed as a control region. Support: 17800 - 17700 Resistance: 18000 - 18100
The day before, the selling pressure in European stock markets was at the forefront, parallel to the US stock markets. While the DAXEUR index managed to complete the day horizontally positive, this week, especially the Eurozone and German inflation, the US PCE data stands out among the data sets to be followed with importance for index movements. When we examine the short-term chart of the DAXEUR index technically, we follow 17300 with support from the 20-period exponential moving average. As long as the index moves above the relevant level, positive expectations are at the forefront. In increases, increases towards 17500 and then 17600 can be seen. In the alternative scenario, in case of possible suppression under the 17500 resistance, it can be expected that the index will fall below the 17300-level for negative expectations, and the pullbacks will accelerate. In this case, declines towards 17150 with support from the 89-period average can be followed downwards. Support: 17300 - 17070 Resistance: 17500 - 17600
Bitcoin opened the week with a horizontal average. BTC, which started the week at 51800, recovered again with the American Opening despite selling $ 900 UP TO 50900 and returned to the 51500 level. The thing to note here is that ETF purchases have increased significantly. As a result, we last saw $ 57000 in 2021. We saw this morning when the Asian market opened. Now the target is $ 62000 and we will go towards new ATHs because in the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 51,200, breaks the 58000 resistance on a daily basis, we can see a 59800 movement. If sales increase, the 54800 support is the strongest support. Support: 58000 Resistance: 54800
On the second trading day of the week for EURUSD, we observed short-term pressure on the EURUSD parity as the Classic Dollar Index continued to remain above the 34 and 100-day exponential moving averages (103.50) that we base it on. When we evaluate technically, the 1.0800 - 1.0815 region, where the 55-period exponential moving average is also located, is important, and the parity may want to adapt to its positive outlook on the relevant region. With this in mind, an increase towards the levels of 1.0855, 1.0895 and 1.0930 can be observed. Especially permanent movements above 1.0855 can further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.0800 - 1.0815 region are needed for this pressure and the current scenario to be invalidated. However, a new pricing reaction towards the 1.0695 bottom point can be observed under this condition. Support: 1.0815 – 1.0800 Resistance: 1.0855 – 1.0895
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. The reaction sale to be followed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the bottom point of the uptrend and the 200-period exponential moving average, 1.2640, are important, but the pair may want to adapt to its positive outlook in the relevant region. With this thought, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. Especially permanent movements above 1.2720 may further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.2640 region are needed for this pressure and the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2640 Resistance: 1.2675
USDJPY The pair has been selling down after inflation surprised to the upside in Japan. With less than four weeks to go until the critical BoJ meeting, where one of the biggest US/Japanese policy differences is likely to ease, futures traders are stubbornly continuing to short the Yen. The pair is seen to be gaining ground due to the appreciation of the dollar. The upward movement observed in the dollar index is supporting the pair upwards. The pair, which closed at 150.63 on the previous trading day, is above its 20-day moving average, while the RSI indicator is at 64.14, while its momentum is at 100.87. The 150.55 level can be followed in intraday downward movements. If this level is broken, the supports at 150.46, 150.28 and 150.19 may become important. In possible increases, the resistance levels of 150.72, 150.81 and 150.99 will be monitored. Support: 150,280 Resistance: 150,720
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.16. When we evaluate the USDTRY exchange rate in the short term, the 30.83 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.20, 31.29 and 31.37 levels can be observed. Permanent movements above 31.45 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.42) are on the agenda. Support: 30.90 – 30.77 Resistance: 31.20 – 31.29
In the middle of the week; the ounce of gold faced some pressure in the short term due to the recovery of the US 10-year Treasury bond yield towards 4.30%. The growth rate and deflator can be monitored during the day due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2030 level, which is currently supported by the 34 (2027) period exponential moving average. As long as the precious metal is traded above the 2030 level, the upward trend may continue. If the positive pricing demand continues, the 2040 and 2052 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2030 level for the negative expectation to come to the fore. In this case, the 2021 and 2012 levels may come to the agenda. Support: 2021-2012 Resistance: 2040-2052
In addition to the second estimate for US Q4 growth during the day, the official stock figures to be announced by the US Energy Information Administration will be monitored. If the agency confirms the increase in stocks, this will be the fifth week in a row that stocks have increased. While the 78.50 - 79.00 region is being questioned with the increase, whether the summit attempt is successful or not will depend on the attitude of this region, and if the peak cannot be formed, pullbacks may also develop accordingly. As long as pricing remains above the 77.50 - 78.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels may be targeted. In possible decreases, as long as the 77.50 - 78.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 level may come to the agenda. Support: 77.50 Resistance: 79.50
Oil futures contracts started the week with limited profit sales after the gains they made since the beginning of the week with the expectation that OPEC+ will implement the production cut application in the second quarter. In addition to the second estimate for the US 4th quarter growth during the day, the official stock figures to be announced by the US Energy Information Administration will be followed. If the institution confirms the increase in stocks, this will be the fifth week in a row that stocks have increased. As long as the pricing remains at and above the 81.50 - 82.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, the 83.00 and 83.50 levels may be targeted. In possible decreases, as long as the 81.50 - 82.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 level may come to the agenda. Support: 81.50 Resistance: 83.50
For NDXUSD, risk appetite remained weak before the personal consumption expenditure data to be announced tomorrow, and the NDXUSD index ended the day with a 0.37% gain at 16035 points. US growth data to be announced during the day, and important calendar data such as PCE and ISM Manufacturing PMI will be followed for the rest of the week. When we technically examine the short-term pricing of the NDXUSD index futures contract, positive expectations continue to be at the forefront as long as it moves above the 17900-18000 region. While the index's reaction to the 18100 resistance is important in increases, persistence above this level can be followed to confirm positive expectations. As long as the 17900 support remains up-to-date, the expectation of an upward recovery continues, and in possible declines, negative expectations may come to the fore with the index falling below 17900. In declines, the 17800-17700 region, which previously worked as support, can be followed as a control zone. Support: 17800 - 17700 Resistance: 18000 - 18100
While European stock markets were mixed the other day, the DAXEUR index managed to close at a record level. The US growth data to be announced today, and the US PCE data, especially for the Eurozone and German inflation for the rest of the week, stand out among the data sets to be followed with importance for index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17400 -17500 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards the 17700 level and then towards the 17800 level can be seen. In the alternative scenario, in case of possible suppression around the 17600 resistance, it is expected that the index will fall below the 17400 level for negative expectations and the pullbacks will accelerate. In this case, declines towards the 17200 level with support from the 89-period average can be followed downwards. Support: 17500 – 17400 Resistance: 17700 – 17800
Bitcoin slowed down a bit after reaching the 57000 level with its attack yesterday. BTC, which rose to 57410 during the day, closed the day around 56900 by giving back some of its gains by following the Sell in the Index after the American Stock Market opened. BTC, which started the new day with a slight buyer, is moving around 57100. Our expectation is still in the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 51,200, breaks the 58000 resistance on a daily basis, we can see a 59800 movement. If sales increase, the 54800 support is the strongest support. Support: 58000 Resistance: 56200
On the third trading day of the week for EURUSD, although the Classic Dollar Index continued to remain above the 34 and 100-day exponential moving averages (103.50) that we base it on, EURUSD limited its declines with the pressure it created due to the developments that came during the day. When we evaluate the EURUSD parity in the short term, we see that the positive trend that started at the level of 1.0695 was broken with the recent movements, but it did not gain confirmation because no permanent reaction was observed below the level of 1.08. For this reason, with the critical developments during the day, we will reach the answer to the question of whether the parity will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the level of 1.0800 (in such a scenario, the bottom point of 1.0695 is on our agenda), and permanent movements above 1.0855 (in such a scenario, the peak point of 1.1145 is on our agenda) are needed to return to the trend it ended. Support: 1.0815 – 1.0800 Resistance: 1.0855 – 1.0895
The GBPUSD pair could not continue the new short-term trend under the rising channel and followed a scenario leading to a short-term trend change. The reaction sale to be followed in the Dollar Index may bring an increase in the GBPUSD pair. When we evaluate the GBPUSD pair in the short term, the 200-period exponential moving average (1.2640) is important, and the pair may want to continue its positive outlook in the relevant region where it left off. With this in mind, an increase can be observed towards the levels of 1.2720 and 1.2775, especially 1.2675. In particular, permanent movements above 1.2720 may further strengthen the current positive desire. Otherwise, pressure may occur towards the short-term indicator. It should not be forgotten that permanent movements below the 1.2640 region are needed for this pressure and the current scenario to be considered invalid. However, a new pricing reaction towards the 1.2520 bottom point can be observed under this condition. Support: 1.2640 Resistance: 1.2720
The USDJPY pair received good support from Japan's core CPI figure exceeding estimates and the BoJ's promise to end negative interest rates soon. However, this rise lacked strong upward momentum due to expectations that the recession in Japan could force the BoJ to postpone its plans to tighten monetary policy. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 149.82 on the previous trading day, was 0.57%. The RSI indicator for the pair, which is above its 20-day moving average, is at 55.35, while its momentum is at 99.36. The 150.08 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 150.46, 151.10 and 151.48 may become important. In possible pullbacks, 149.44, 149.06 and 148.42 will be monitored as support levels. Support: 149,440 Resistance: 150,080
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.21. When we evaluate the USDTRY exchange rate in the short term, the 30.87 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 31.29, 31.37 and 31.45. Permanent movements above 31.50 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.46) are on the agenda. Support: 31.00 – 30.87 Resistance: 31.37 – 31.45
Following the US growth rate falling below expectations at 3.2%, the ounce of gold has shown some recovery in the short term due to the decline in the 10-year Treasury bond yield to 4.27%. When we technically evaluate the short-term gold ounce pricing, we are following the 2030 level, which is currently supported by the 34 (2029) period exponential moving average. As long as the precious metal suppresses the desire to retreat at the 2030 level, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2040 and 2052 levels. In the meantime, the reaction of the falling trend line (2047) can be monitored in order for the positive expectation to continue. In the alternative case, in order for the negative expectation to come to the fore, permanence below the 2030 level may be required. In such a case, the 2021 and 2012 levels may be encountered in the possible declines. Support: 2021-2012 Resistance: 2040-2052
Oil prices retreated after an effective increase yesterday with the scenario of supply tightening. We observed a recovery effort in the Asian session. The expectation that OPEC+ will implement the production cut decision in the second quarter of the year seems to have formed the basis for this scenario. The course of European and US stock markets and the PCE inflation data to be announced in the US can be followed during the day. As long as the pricing remains above the 77.50 - 78.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels can be targeted. In possible decreases, as long as the 77.50 - 78.00 support remains current, a new increase potential may occur. Therefore, it may be necessary to see the course below 75.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 level may come to the agenda. Support: 77.50 Resistance: 79.50
Oil prices retreated after an effective increase yesterday with the scenario of supply tightening. We observed a recovery effort in the Asian session. The expectation that OPEC+ will implement the production cut decision in the second quarter of the year seems to have formed the basis for this scenario. The course of European and US stock markets and the PCE inflation data to be announced in the US can be followed during the day. As long as the pricing remains at and above the 81.50 - 82.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 82.50 and 83.00 levels can be targeted. In possible decreases, as long as the 81.50 - 82.00 support remains current, a new increase potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 81.00 Resistance: 83.00
For NDXUSD, the most important data of the current week, PCE, which will be announced today, US stock markets followed a negative course in a horizontal band yesterday. While the NDXUSD index lost 0.55% of its value, the monthly increase expectation in the PCE personal consumption expenditure data, which we will follow before the session opening, continued to be a factor that has been suppressing the indices since the beginning of the week. When we technically examine the short-term pricing of the NDXUSD index futures contract, the decision-making stage scenario is at the forefront as long as the index moves within the 17900-18000 region. While the index's reaction to the 18100 resistance is important in recoveries, persistence above this level can be followed for confirmation of positive expectations. Negative expectations may come to the fore with the downward break of the 17900 support. In declines, the 17400-17500 region, which previously worked as support, can be followed as a control region. Support: 17800 - 17700 Resistance: 18000 - 18100
The DAXEUR index managed to close positively by 0.25% the day before. The German inflation to be announced today, as well as the US PCE data, stand out among the data sets to be followed with importance for index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17500 -17600 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 17700 and then 17800 may be seen. In the alternative scenario, in case of possible suppression around the 17700 resistance, it is expected that the index will fall below the 17500 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17300 can be followed with support from the 89-period average. Support: 17500 - 17400 Resistance: 17700 - 17800
Bitcoin broke the 60,000 barrier for the first time since NOVEMBER 2021 yesterday and reached 64,000. In just 2 days, $ 1 billion worth of purchases came from stock market ETFs. Despite pushing the 64,000 level, Nasdaq was also affected by the decline and had difficulty breaking this level and ended the day with buyers around 60,000. The market, which revived with the opening of Asian markets in the morning, brought BTC back to 61,000. BTC, which started the new day with slight buyers, is moving around 62,900. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 54,500, breaks the 64,000 resistance on a daily basis, we can see a 65,500 movement if it breaks the 65,500 resistance if sales increase, the 60,000 support is the strongest support. Support: 60000 Resistance: 64000
On the fourth trading day of the week for EURUSD, the Classic Dollar Index continued its course above the 34 and 100-day exponential moving averages (103.50) that we base on, causing declines in EURUSD. When we evaluate the EURUSD parity in the short term, we see that the positive trend it started at 1.0695 was broken with the recent movements, but it did not gain confirmation because no permanent reaction was observed below the 1.0795 level. For this reason, with the critical developments during the day, we will reach the answer to the question of whether the parity will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the 1.0795 level are needed to adapt to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0855 are needed to return to the trend it ended (in such a scenario, the 1.1145 top point is on our agenda). Support: 1.0795 – 1.0735 Resistance: 1.0855 – 1.0895
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, we see that the positive trend it started at 1.2535 was broken with the recent movements, but it did not gain confirmation since no permanent reaction was observed below the 1.2605 level. For this reason, with the critical developments during the day, we will reach the answer to the question of whether the pair will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the 1.2605 level are needed for adaptation to the new negative outlook (in such a scenario, the 1.2520 bottom point is on our agenda), and permanent movements above 1.2675 are needed for returning to the trend it ended (in such a scenario, the 1.2825 peak point is on our agenda). Support: 1.2605 Resistance: 1.2675
USDJPY pair recovered its losses by falling to around 149,200 in the American session after the tightening statements of Bank of Japan board member Hajime Takata yesterday and. The daily gain for the pair, which closed at 150.39 on the previous trading day, was 0.32%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 59.61, while its momentum is at 99.87. The 150.24 level can be followed in intraday downward movements. In case of falling below this level, the supports of 150.06, 149.72 and 149.54 may become important. In possible increases, the resistance levels of 150.57, 150.75 and 151.08 will be monitored. Support: 149.720 Resistance: 150.750
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.30. When we evaluate the USDTRY exchange rate in the short term, the 30.95 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.33, 31.41 and 31.49 levels can be observed. Permanent movements above 31.57 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.51) are on the agenda. Support: 31.10 – 30.97 Resistance: 31.33 – 31.41
On the last trading day of the week, the first trading day of March; with the support of the decline in the US 10-year Treasury bond yield towards 4.24%, the ounce of gold showed pricing dominated by the desire to increase in the short term. During the day, ISM manufacturing PMI and manufacturing prices, Michigan consumer sentiment and FOMC member Waller's speech can be followed due to their possible effects. When we evaluate the short-term ounce of gold pricing technically, we are following the 2030 - 2040 region, which is currently supported by the 34 (2033) period exponential moving average. As long as the precious metal is traded above the 2030 - 2040 region, the upward trend may continue. If the positive pricing desire continues, the 2052 and 2061 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2030 - 2040 region for the negative expectation to come to the fore. In this case, the 2021 and 2012 levels may come to the agenda. Support: 2040-2030 Resistance: 2052-2061
Oil prices have attempted to recover from support areas after the decline that occurred yesterday. Throughout the week, we have been following the mutual effects of the weak demand outlook with the speculation that OPEC+ will extend the production cut decision to the second quarter. As long as the prices remain above the 78.00 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 79.00 and 79.50 levels may be targeted. In possible decreases, as long as the 78.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 78.00 and hourly closings for the continuation of the downward desire. In this case, the 77.50 level may come to the agenda. As long as the prices remain above the 78.00 support in the upcoming period, an upward outlook may be at the forefront. Support: 77.50 Resistance: 79.50
Oil prices have attempted to recover from support areas after the decline that occurred yesterday. Throughout the week, we have been following the mutual effects of the weak demand outlook and the speculation that OPEC+ will extend the production cut decision to the second quarter. As long as pricing remains above the 81.50 support, an upward outlook may be at the forefront in the upcoming process. In possible increases, 82.50 and 83.00 levels may be targeted. In possible decreases, as long as the 81.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and hourly closings for the continuation of the downward desire. In this case, the 81.00 level may come to the agenda. As long as pricing remains above the 81.50 support in the upcoming process, an upward outlook may be at the forefront. Support: 81.00 Resistance: 83.00
For NDXUSD, the expected PCE data, which has been effective in the horizontal negative course of US stock markets since the beginning of the week, was announced in line with expectations. The unemployment claims data announced afterwards also supported risk appetite by indicating that the employment market has cooled. While the Nasdaq index gained close to 1%, the index ended the fourth consecutive month with an increase. During the day, ISM manufacturing PMI data and Michigan Consumer Sentiment data can be followed. When we examine the short-term pricing of the Nasdaq index futures contract technically, the decision-making stage scenario is at the forefront as long as the index moves within the 17900-18000 region. In recoveries, the levels of 18200 - 18300 can be followed as resistance with persistence above 18100. Negative expectations can come to the fore with the breakdown of the 17900 support downward. In declines, the 17400 - 17500 region, which previously worked as support, can be followed as a control region. Support: 18000 - 17900 Resistance: 18200 - 18300
The German inflation announced the day before was below expectations. The DAXEUR index closed the day with a 0.25% increase at a record level. The Eurozone inflation data to be announced today can be followed for index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17600 -17700 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 17900 and then 18000 can be seen. In the alternative scenario, in case of possible suppression around the 17900 resistance, it can be expected that the index will fall below the 17700 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17300 can be followed with support from the 89-period average. Support: 17700 - 17600 Resistance: 17900 - 18000
Bitcoin continues at horizontal levels after the $ 64000 level it reached the other day after November 2021. Despite pushing 64000 again with the increase in Nasdaq after the PCE Data Announced yesterday, it could not break the 64000 barrier and closed the day close to the 61000 level due to the effect of profit sales. According to the official data announced yesterday, $ 6 billion of net BUY purchases came from Stock Exchange ETFs to date. BTC, which started the new day with a slight buyer, is moving around 61500. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 54,500, breaks the 63000 resistance on a daily basis, we can see a 64500 movement, if sales increase, the 60000 support is the strongest support. Support: 60000 Resistance: 63000
For EURUSD, the important data of the week will be the US Nonfarm Payrolls, Average Hourly Earnings, ISM Services PMI data and FOMC members' speeches, Fed Chair Powell's Presentation, ECB Monetary Policy Decisions & President Lagarde's Speech, and the UK Services PMI data. When we evaluate the EURUSD parity in the short term, although the positive trend it started at 1.0695 was broken with the recent movements, it could not gain confirmation because no permanent reaction was observed below 1.0795. As it could not gain, it brought the idea of entering the trend that ended with increases to the agenda. It should not be forgotten that permanent movements below 1.0795 are needed for adaptation to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0855 are needed for returning to the trend it ended (in such a scenario, the 1.1145 top point is on our agenda). Support: 1.0795 – 1.0735 Resistance: 1.0855 – 1.0895
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, although the positive trend it started at 1.2535 was broken with the recent movements, it could not gain confirmation because no permanent reaction was observed below the 1.2605 level. As it could not gain, it brought the idea of entering the trend that ended with increases to the agenda. In this respect, we are looking for the answer to the question of whether the pair will return to the trend it ended or adapt to the new negative outlook. It should not be forgotten that permanent movements below the 1.2605 level are needed for adaptation to the new negative outlook (in such a scenario, the 1.2520 bottom point is on our agenda), and permanent movements above 1.2675 are needed for returning to the trend it ended (in such a scenario, the 1.2825 peak point is on our agenda). Support: 1.2605 Resistance: 1.2675
The USD/JPY pair continues to recover from the low of 149.21 last Thursday. There is a possibility of retesting the high of last year around 152.00 as the USD/JPY continues to rise, recently breaking above both the 50-day average and the 200-day average. The pair, which had a brief pause last week, continues to rise since Thursday. If the high of last year around 152.00 is revisited, a larger uptrend towards the next projections at 154.50/155.00 is likely. The 149.84 level can be followed in intraday downward movements. In case of a decline below this level, the supports of 149.66 and 149.42 may become important. In possible increases, 150.37, 150.55 and 151.08 will be watched as resistance levels. Support: 149,840 Resistance: 150,550
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.41. When we evaluate the USDTRY exchange rate in the short term, the 31.02 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.45, 31.50 and 31.60 levels can be observed. Permanent movements above 31.65 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.55) are on the agenda. Support: 31.10 – 30.97 Resistance: 31.33 – 31.41
Following the data from the US on Friday, with the support of the US 10-year Treasury bond yield falling below 4.20%, ounce gold showed increases in the short term and then suppressed its upward movements. When we evaluate the short-term ounce gold pricing technically, we are following the 2052 - 2061 region, which is currently supported by the 13 (2061) and 34 (2045) period exponential moving averages. As long as the precious metal is traded above the 2052 - 2061 region, the upward trend may continue. If the positive pricing desire continues, the 2090 and 2100 levels may be encountered. At this stage, the attitude of the 2090 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, it may be necessary to see permanence below the 2052 - 2061 region in order for the negative expectation to come to the fore. In this case, the 2040 and 2030 levels may come to the agenda. Support: 2061-2052 Resistance: 2090-2100
OPEC+'s decision to extend the production cut until the end of June was effective in the rise of oil prices. US oil futures are moving close to their highest levels since November. At the same time, the disruptions regarding the ceasefire process for Gaza also supported this picture. US-focused headlines seem to be intense throughout the week. The course of European and US stock markets can be followed during the day. In the upcoming process, as long as the pricing remains above the 79.00 - 79.50 support, an upward outlook may be at the forefront. In possible increases, the 80.50 and 81.00 levels can be targeted. In possible decreases, as long as the 79.00 - 79.50 support remains current, a new rise potential may occur. Therefore, it may be necessary to see the course below 79.00 and hourly closings for the continuation of the downward desire. In this case, the 78.50 level may come to the agenda. Support: 79.00 Resistance: 80.50
OPEC+'s decision to extend the production cut until the end of June was effective in the increase in oil prices. Brent oil futures contracts are moving close to their highest levels since November. At the same time, the disruptions regarding the ceasefire process for Gaza also supported this picture. The US-focused headlines seem to be intense again throughout the week. The course of European and US stock markets can be followed during the day. As long as the pricing remains at and above the 83.00 - 83.50 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, the 84.00 and 84.50 levels can be targeted. In possible decreases, as long as the 83.00 - 83.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 83.00 and hourly closings for the continuation of the downward desire. In this case, the 82.50 level may come to the agenda. Support: 83.00 Resistance: 84.50
The Nasdaq index, which managed to end the past week with a value gain of nearly 2% for NDXUSD, started the first trading day of the new week positively. Non-farm payrolls and average hourly earnings data will be followed in the economic calendar this week. Again, Powell's speech to the congress before the employment data is also prominent among the headlines to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, positive expectations are at the forefront as long as the index moves within the 18000 - 18100 region. In increases, the 18400 - 18500 levels can be followed as resistance with persistence above 18300. Negative expectations can come to the fore with the breakdown of the 18000 support downward. In decreases, the 17800 - 17900 region, which previously worked as support, can be followed as a control region. Support: 18100 - 18000 Resistance: 18400 - 18500
While it was announced last week that both German and Eurozone inflation slowed down, the ECB interest rate decision to be announced this week does not expect the bank to change interest rates. Lagarde's statements will be closely monitored after the decision. When we examine the short-term chart of the DAXEUR index technically, we are following the 17600 -17700 region with support from the 20-period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. In increases, increases towards 17800 and then 17900 may be seen. In the alternative scenario, in possible suppression around the 17800 resistance, it is expected that the index will fall below the 17600 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17400 level with support from the 89-period average can be followed in the downward direction. Support: 17700 – 17600 Resistance: 17900 – 18000
Bitcoin closed last week with a new record, now completely in the Bull Market, BTC increased its rise to $ 64,000 and then closed the week at horizontal levels. BTC, which was traded at horizontal levels over the weekend, started the new week with a new record of $ 64,268. This week, Powell's speeches and Non-Farm Employment data from the US will be effective, if the data does not come negative and does not correct, we can see ATH, or $ 69,000, on the BTC side this week. Our expectation is still in the medium term (3 months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 54,500, breaks the 64,000 resistance again, we can see a 64,500 movement. If sales increase, the 62,000 support is the strongest support. Support: 62,000 Resistance: 64,000
For EURUSD, the important data of the week will be the US Nonfarm Payrolls, Average Hourly Earnings, ISM Services PMI data and FOMC members' speeches, Fed Chair Powell's Presentation, ECB Monetary Policy Decisions & President Lagarde's Speech, and the UK Services PMI data. When we evaluate the EURUSD parity in the short term, although the positive trend it started at 1.0695 was broken with the recent movements, it could not gain confirmation because no permanent reaction was observed below 1.0775. As it could not gain, it brought the idea of entering the trend that ended with increases to the agenda. It should not be forgotten that permanent movements below 1.0775 are needed for adaptation to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0875 are needed for returning to the trend it ended (in such a scenario, the 1.1145 top point is on our agenda). Support: 1.0815 – 1.0775 Resistance: 1.0875 – 1.0895
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, we observe that it has gone out of the 1.2605 - 1.2675 region and attracted attention with its positive pricing reaction. In this respect, the 200-period average (1.2645) is important, and the pair may want to continue its rise above the average. With this in mind, the 1.2825 peak occupies our agenda, while 1.2720 and 1.2775 were recorded as intermediate resistance points before the peak. It should not be forgotten that permanent movements below the average are needed for the positive expectation regarding the parity to end and for negative thinking to come to the fore again. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2645 - 1.2605 Resistance: 1.2720 - 1.2775
The USD/JPY pair extended gains for the second straight session, trading around 150.500 in the European session on Monday. The Japanese yen (JPY) faced challenges following comments made by Bank of Japan (BOJ) Governor Kazuo Ueda on Friday that cast doubt on the sustainability of Japanese inflation reaching its 2% target. With inflationary pressures easing rapidly, the BOJ is likely to postpone plans to tighten monetary policy. If last year’s highs near 152.00 are revisited, a broader uptrend toward the next projections at 154.50/155.00 is likely. Intraday downsides could be monitored at 150.370. If this level is broken, support levels of 150,110 and 149,840 may become important. In case of possible increases, resistance levels of 150,680, 150,910 and 151,280 will be monitored. Support: 150,370 - 150,110 Resistance: 150,680 - 150,910
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.60. When we evaluate the USDTRY exchange rate in the short term, the 31.20 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 31.60, 31.72 and 31.83. Permanent movements above 31.83 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.75) are on the agenda. Support: 31.40 – 31.27 Resistance: 31.72 – 31.83
Despite the US 10-year Treasury bond yield moving around 4.21%, in the short term, ounce gold has displayed pricing dominated by bullish demand. The precious metal, which opened the day at 2117, technically evaluates the short-term pricing of ounce gold, and we are following the 2080 - 2090 region, which is currently supported by the 13 (2089) period exponential moving average. As long as the precious metal suppresses the pullback demand in the 2080 - 2090 region, bullish demand may remain at the forefront. If the upward trend continues, a movement area may form towards the 2123 and 2137 levels. In the alternative case, in order for the negative expectation to come to the fore, permanence may be required below the 2080 - 2090 region. In this case, the 2070 and 2061 levels may be encountered in possible declines. In the meantime, the 2061 level, supported by the 34-period exponential moving average, may draw an appearance that limits the downward demand. Support: 2090-2080 Resistance: 2123-2137
Oil futures contracts suffered losses as expectations of weakness in the global economy, especially in China, overshadowed the OPEC+ cutback decision. Policymakers in China set a growth target of 5% for 2024. This does not match the picture so far. However, incentives and the areas they will be directed to will be important. The course of European and US stock markets and the service PMI data in the US can be followed during the day. As long as pricing remains below the 79.00 resistance in the upcoming process, the downward outlook may be one step ahead. In possible declines, 78.00 and 77.50 levels can be targeted. As long as possible recoveries are limited by the 79.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 79.00 and hourly closings for the continuation of the upward desire. In this case, 79.50 and 80.00 levels may come to the agenda. Support: 78.00 – 77.50 Resistance: 79.00 – 79.50
Oil futures contracts suffered losses as expectations of weakness in the global economy, especially in China, overshadowed the OPEC+ cutback decision. OPEC+ extended its production cutback policy until the end of June. Policymakers in China set the growth target for 2024 as 5%. This does not match the picture so far. However, incentives and the areas they will be directed to will be important. The course of European and US stock markets and the service PMI data in the US can be followed during the day. As long as pricing remains below the 83.00 resistance in the upcoming process, the downward outlook may be one step ahead. In possible declines, 82.00 and 81.50 levels can be targeted. As long as possible recoveries are limited by the 83.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 83.00 and hourly closings for the continuation of the upward desire. In this case, 83.50 and 84.00 levels may come to the agenda. Support: 82.00 – 81.50 Resistance: 83.00 – 83.50
The Nasdaq index, which closed horizontally negative on the first trading day of the week for NDXUSD, started the day with a seller before the IS Services PMI data to be announced today. After the Nasdaq and S&P500 indexes tested new record levels, investors' wait-and-see position limited the movement area. Powell's speech to the congress before the employment data on the economic calendar this week also stands out among the headlines to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, positive expectations are at the forefront as long as the index moves within the 18100 - 18200 region. In increases, the 18400 - 18500 levels can be followed as resistance with persistence above 18300. With the breakdown of the 18000 support downward, the 17800 - 17900 region, which previously worked as support in decreases, can be followed as a control region. Support: 18100 - 18000 Resistance: 18300 - 18400
The DAXEUR lost 0.11% of its value the day before. The ECB interest rate decision to be announced this week does not expect the bank to change interest rates. Lagarde's statements after the decision will be closely monitored for the DAXEUR index movements, which managed to complete the week in the positive region. When we examine the short-term chart of the DAXEUR index technically, we are monitoring the 17600 -17700 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 17800 and then 17900 may be seen. In the alternative scenario, in possible suppression around the 17800 resistance, it is expected that the index will fall below the 17600 level for negative expectations, and the pullbacks will accelerate. In this case, declines towards 17400 with support from the 89-period average can be monitored in the downward direction. Support: 17600 – 17500 Resistance: 17800 – 17900
Bitcoin continues to break new records. Yesterday it broke the difficult resistance level of $ 68000 and rose to $ 68686. It could not break the ATH record. When the American market opened, BTC, which rose above $ 67000 with the effect of increasing purchases, closed the day at $ 675000. BTC, which started the new day by rising to $ 68686, is currently $ 66,700. This week, Powell's speeches and Non-Farm Employment data will be effective from the American side. If the data is not negative and does not correct, we can see ATH, or $ 69000, on the BTC side this week. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 54,500, breaks the 66000 resistance again on a daily basis, we can see a 66500 movement. If sales increase, the 63500 support is the strongest support. Support: 65500 – 64100 Resistance: 69000 – 72000
We are in the middle of the week for EURUSD. The classic Dollar index continues a pricing reaction resembling the calm before the storm near the 34 and 100-day exponential moving averages (103.50) before critical macroeconomic developments. Although there was pressure on the index with the ISM Services PMI data that fell below expectations yesterday, the course above 103.50 continues. When we evaluate the EURUSD parity in the short term, although the positive trend it started at the level of 1.0695 was broken with the recent movements, it could not gain confirmation because a permanent reaction was not observed below the level of 1.0775. As it could not gain, it brought the idea of entering the trend that it ended with increases again to the agenda. It should not be forgotten that permanent movements below the level of 1.0775 are needed for adaptation to the new negative outlook (in such a scenario, the 1.0695 bottom point is on our agenda), and permanent movements above 1.0875 are needed for returning to the trend it ended (in such a scenario, the 1.1145 peak point is on our agenda). Support: 1.0815 – 1.0775 Resistance: 1.0875 – 1.0895
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. The classic dollar index continues a pricing reaction resembling the calm before the storm, close to the 34 and 100-day exponential moving averages (103.50) before critical macroeconomic developments. When we evaluate the GBPUSD pair in the short term, the 200-period average (1.2648) is important, but the pair may want to continue its rise above the average. With this in mind, the 1.2825 peak occupies our agenda, while 1.2720 and 1.2775 were recorded as intermediate resistance points before the peak. It should not be forgotten that permanent movements below the average are needed for the positive expectation regarding the parity to end and for negative thinking to come to the fore again. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2645 – 1.2605 Resistance: 1.2720 – 1.2775
The USD/JPY pair struggled to sustain its modest rise, which came with the CPI data. Uncertainty over the Bank of Japan's (BoJ) monetary policy tightening plan is preventing investors from taking aggressive upward positions. However, downward pressure has eased due to expectations that the BOJ will move away from its ultra-loose monetary policy. At the same time, speculations that the (BoJ) will intervene in the JPY are providing some support. If last year's highs around 152.00 are revisited, a larger uptrend towards the next projections at 154.50/155.00 is likely. In intraday downward movements, the 149.830 level can be monitored. If this level is broken, supports at 149.690 and 149.560 may become important. In possible increases, 150.100 and 150.380 will be monitored as resistance levels. . Support: 149.830 - 149.690 Resistance: 150.100 - 150.380
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.71. When we evaluate the USDTRY exchange rate in the short term, the 31.31 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.72, 31.80 and 31.88 levels can be observed. Permanent movements above 31.94 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.75) are on the agenda. Support: 31.50 – 31.37 Resistance: 31.80 – 31.88
Following the ISM service PMI data showing a greater cooling than expected, despite the US 10-year Treasury bond yield falling below 4.15%, the short-term gold ounce displayed an outlook that suppressed the desire to rise. During the day, ADP non-farm employment change, JOLTS job opportunities and Fed Chairman Powell's speech can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are monitoring the 2110 - 2118 region, which is currently supported by the 13 (2112) period exponential moving average. As long as the precious metal is traded above the 2110 - 2118 region, the upward trend may continue and the 2133 and 2144 levels may be encountered. In the meantime, the attitude of the 2144 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, it may be necessary to see permanence below the 2110 - 2118 region in order for the negative expectation to come to the fore. In this case, the 2100 and 2090 levels may come to the fore. Support: 2118-2110 Resistance: 2133-2144
Oil prices are following a calmer course after the OPEC+ decision to extend the cut and the movement created by the headlines of weakness in the global economy led by China. The American Petroleum Institute announced an increase of over 400 thousand barrels in stocks, creating some pressure on prices. Today, it will be watched whether the US Energy Information Administration will confirm this increase. As long as the pricing remains at and below the 78.50 - 79.00 resistance in the upcoming process, the downward outlook may be one step ahead. In possible declines, the 78.00 and 77.50 levels may be targeted. As long as possible recoveries are limited by the 78.50 - 79.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 79.00 and hourly closings for the continuation of the upward desire. In this case, the 79.50 and 80.00 levels may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.00 - 79.50
Oil prices are following a calmer course after the OPEC+ decision to extend the cut and the movement created by the headlines of weakness in the global economy led by China. The American Petroleum Institute announced an increase of over 400 thousand barrels in stocks, creating some pressure on prices. Today, it will be watched whether the US Energy Information Administration will confirm this increase. As long as the pricing remains at and below the 82.00 - 82.50 resistance in the upcoming period, the downward trend may be one step ahead. In possible declines, 81.50 and 81.00 levels can be targeted. As long as possible recoveries are limited by the 82.00 - 82.50 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 82.50 and hourly closings for the continuation of the upward desire. In this case, 83.00 and 83.50 levels may come to the agenda. Support: 82.00 - 81.50 Resistance: 83.00 - 83.50
The Nasdaq index futures contract, which ended the previous day with a decrease of nearly 2% for NDXUSD, found support at the 17800 level in yesterday's declines. Private sector employment to be announced today and Fed Chairman Powell's congressional presentation are among the titles to be followed for index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, as long as the index moves within the 18000 - 18100 region, negative expectations are at the forefront. The 17800 - 17900 region, which previously worked as support in declines, can be followed as a control region. For positive expectations, the index may need to maintain its persistence above the 18100 resistance. In this case, increases towards the 18200 - 18300 levels can be monitored. Support: 17900 - 17800 Resistance: 18000 - 18100
The DAXEUR index, which ended yesterday with a 0.10% decrease before the ECB interest rate decision to be announced tomorrow, started the week with buyers. In the ECB interest rate decision to be announced tomorrow, the bank is not expected to change interest rates. Lagarde's statements after the decision will be closely monitored for DAXEUR index movements, which managed to complete the week in the positive region. When we examine the short-term chart of the DAXEUR index technically, we are following the 17600 -17700 region with support from the 20-period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. In increases, increases towards 17800 and then 17900 may be seen. In the alternative scenario, it can be expected that the index will fall below the 17600- level for negative expectations in the possible suppression around the 17800 resistance and the pullbacks will accelerate. Support: 17600 – 17500 Resistance: 17800 – 17900
Yesterday, we finally saw the All-Time ATH for Bitcoin, that is, $69,000, then with the tremendous sale that followed, BTC fell by $10,000 and reached $59,000, devastating those who opened Futures Transactions, then recovered and closed the day at $63,000. BTC, which started the new day with an increase, is currently around $66,250. After the weekly close, questions about whether it will be 100K will begin to come. This week, Powell's speeches and Non-Farm Employment data from the US will be effective if the data is not negative and does not correct. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 54,500, breaks the 69,000 resistance again, we can see a 72,000 Movement if sales increase, the 65,500 support is the strongest support. Support: 65500 – 64100 Resistance: 69000 – 72000
Following the worse than expected results of retail sales data in the US, the 10-year Treasury bond yield was pulled down to 4.20% and then recovered to 4.25%, allowing for the suppression of gold ounce recoveries in the short term. When we technically evaluate short-term gold ounce pricing, we are following the 2003-2012 region, which is currently supported by the 34 (2008) period exponential moving average. As the precious metal forms within the 2003-2012 region, the decision-making scenario may be valid. Permanent pricing above the 2012 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2021 and 2030 levels may come to the agenda. In order for negative expectations to come to the fore, permanence below the 2003 level may be necessary. In possible declines, the 1993 and 1985 levels may be encountered. At this stage, the reaction of the 1985 level can be monitored in order to continue the pullback trend. Support: 1993-1985 Resistance: 2012-2023
Oil prices, which fell with increasing stocks in the US, showed a tendency to recover again by finding support from the high risk appetite in stock markets and geopolitical risks. Signals that OPEC+ is producing in line with the decision to cut also supported this picture. The supply outlook still has a strong outlook compared to the demand side. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 77.00 - 77.50 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, the 78.00 and 78.50 levels can be targeted. As long as possible decreases are limited to the 77.00 - 77.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 77.00 and hourly closings for the continuation of the downward desire. In this case, the 76.50 and 76.00 levels may come to the agenda. Support: 75.50 Resistance: 77.50
Oil prices, which fell with increasing stocks in the US, showed a tendency to recover again by finding support from the high risk appetite in stock markets and geopolitical risks. Signals that OPEC+ is producing in line with the decision to cut also supported this picture. The supply outlook still has a strong outlook compared to the demand side. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 82.00 - 82.50 support in the upcoming period, the upward view may be at the forefront. In possible increases, the 83.00 and 83.50 levels can be targeted. As long as possible decreases are limited to the 82.00 - 82.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 82.00 and hourly closings for the continuation of the downward desire. In this case, the 81.50 and 81.00 levels may come to the agenda. Support: 81.50 Resistance: 83.50
Last week, the European Central Bank did not change the policy rate, while President Lagarde pointed to June for a discount. The DAXEUR index closed the week with a 0.16% decrease and started the first trading day of the new week with a sell-off. When we examine the short-term chart of the DAXEUR index technically, we are following the 17800 -17900 region with support from the 20-period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. In increases, increases towards 18100 and then 18200 may be seen. In the alternative scenario, in possible suppression around the 18100 resistance, it is expected that the index will fall below the 17800 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17600 with support from the 89-period average can be followed downwards. Support: 17700 – 17600 Resistance: 17800 – 17900
Last week for Bitcoin, it finally renewed its new ATH, it exceeded the $ 70,000 threshold, of course, the money entering the stock market ETFs had a great effect on this, the net money entering exceeded approximately $ 8 billion. The inflation data to be announced this week is an important calendar data to be followed for index movements. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 68,000, breaks the 69,000 resistance again on a daily basis, we can see a 72,000 movement, if sales increase, the 66,500 support is the strongest support. Support: 66,500 - 64,200 Resistance: 69,000 - 72,000
We are on the most important day of the week for EURUSD. Today, we will reach the Consumer Price Index data result from the US. While the theme of weak Dollar and strong Euro continues before the critical CPI data, we observe that the reactions in the parity remain within the trend limits. When we evaluate the EURUSD parity in the short term, the lower point of the uptrend channel, the 1.0895 - 1.0930 region, is important, and the parity may want to continue its rise above the relevant region. With this in mind, movement towards the 1.1000 and 1.1045 barriers, especially 1.0965, may continue. In particular, permanent movements above the 1.0965 level may further strengthen the current upward trend, and with this confirmation, a new expectation towards the 1.1145 peak may occupy the agenda. Otherwise, pressure towards the 1.0895 support may be observed. It should not be forgotten that permanent movements are needed below the 1.0895 - 1.0930 region in such a pressure. However, under this condition, a new expectation towards the 1.0795 bottom point can be formed. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34-period average (1.2775) is important, and the pair may want to continue its rise on the relevant indicator. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the parity will give at 1.2875 is a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that while the average is the main support, permanent movements under the indicator are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2605 bottom point may occupy our agenda. Support: 1.2775 – 1.2763 Resistance: 1.2875 – 1.2930
The USD/JPY pair closed above 147.400 after recovering from losses for the fifth consecutive trading session on Monday. The pair fell to 146.700 on broader weakness in the US Dollar and rising expectations that the Bank of Japan (BOJ) will abandon its expansionary interest rate stance at its March monetary policy meeting. BOJ policymakers have indicated that a positive wage cycle that will keep inflation sustainably above the desired 2% target will continue for a significant period. Investors are hoping that the BOJ will lift Yield Curve Control (YCC) and move towards policy normalization. Technically, the 147.16 level can be followed for intraday downside movements. If this level is broken, supports at 146.89, 146.34 and 146.07 may become important. In case of possible increases, resistance levels at 147.70, 147.98 and 148.52 will be monitored. Support: 147.160 - 146.890 Resistance: 147.700 - 147.980
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.05. When we evaluate the USDTRY exchange rate in the short term, the 31.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.10, 32.20 and 32.30 levels can be observed. Permanent movements above 32.32 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.85) are on the agenda. Support: 31.88 – 31.62 Resistance: 32.20 – 32.30
With the effect of the recovery of the US 10-year Treasury bond yield towards 4.10%; ounce gold exhibited relatively horizontal movements in the short term. CPI data can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2168 - 2175 region, which is currently supported by the 13 (2174) period exponential moving average. As long as the precious metal limits the downward demand in the 2168 - 2175 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2185 and 2190 levels. In the meantime, the attitude of the 2185 level can be followed in terms of the continuity of the upward expectation. In the alternative view, permanent pricing below the 2168 - 2175 region may be needed for the downward trend to become dominant. In this case, movements towards the 2160 and 2150 levels can be followed. At this stage, the reaction of the 2150 level supported by the 34-period exponential moving average can be monitored for the continuation of the pullbacks. Support: 2168-2160 Resistance: 2185-2190
Oil futures contracts have taken a calm course after yesterday's volatility. US February inflation and OPEC monthly report are among the headlines to be followed during the day. While OPEC+'s decision to extend the production cut and geopolitical risks were effective in upward movements, the pressure was mostly on high non-OPEC production levels and weak global demand. Inflation data and OPEC monthly report will be followed during the day. As long as pricing remains at and above the 77.00 - 77.50 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. As long as possible decreases are limited to the 77.00 - 77.50 support, new uptrend potential may occur. Therefore, it may be necessary to see the course below 77.00 and 4-hour closings for the continuation of the downtrend. In this case, 76.50 and 76.00 levels may come to the agenda. Support: 77.50 – 77.00 Resistance: 78.50 – 78.90
Oil futures contracts have taken a calm course after yesterday's volatility. US February inflation and OPEC monthly report are among the headlines to be followed during the day. While OPEC+'s decision to extend the production cut and geopolitical risks were effective in upward movements, the pressure was mostly on high non-OPEC production levels and weak global demand. Inflation data and OPEC monthly report will be followed during the day. As long as pricing remains at and above the 81.50 - 82.00 support in the upcoming process, an upward outlook may be at the forefront. In possible increases, 83.00 and 83.50 levels may be targeted. As long as possible decreases are limited to the 81.50 - 82.00 support, new uptrend potential may occur. Therefore, it may be necessary to see the course below 81.50 and 4-hour closings for the continuation of the downtrend. In this case, 81.00 and 80.50 levels may come to the agenda. Support: 82.00 – 81.50 Resistance: 83.00 – 83.50
The NDXUSD had a session with weak news flow and low risk appetite ahead of today's US inflation data. In today's inflation data, the headline is expected to remain at 3.1% in line with the previous data, while core inflation is expected to decline from 3.9% to 3.7%. The data coming in below expectations may indicate that the rigidity in inflation has eased, leading to a pullback in expectations for discounts. This may also provide some relief for stock markets. When we technically examine the short-term pricing of the Nasdaq index futures contract, the 17900 - 18000 region will be monitored as a decision region. It may be necessary to see persistence above the 18000 level for positive expectations. In increases, 18100 - 18200 levels can be targeted. Alternatively, negative expectations will be at the forefront in the pricing behavior of the index below 17900. In the continuation of the decline, pullbacks towards the 17800 level can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200
We have left behind a day of weak risk appetite in European Indices. The DAXEUR index ended the day with a 0.8% decrease and started the new day positively. While the US inflation data is being followed globally today, the UK employment data also stands out as calendar data to be followed in terms of the course of the stock markets. When we examine the short-term chart of the DAXEUR index technically, we are following the 17900 - 18000 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 18200 and then 18300 may be seen. In the alternative scenario, it is expected that the index will fall below the 17900- level for negative expectations in the possible suppression around the 18200 resistance and the pullbacks will accelerate. In this case, declines towards the 17600 level can be followed. Support: 17700 – 17600 Resistance: 17900 – 18000
Bitcoin prices have seen the $70k level for the first time in history. As of yesterday, we are above $72k. There is an inflow of over $10 billion to BlackRock's spot Bitcoin ETF in a two-month period. Bitcoin ETF did not react negatively to these fundamental variable-based macro data and Fed expectations. We think that this week's CPI and next week's Fed meeting will affect Bitcoin prices again. If the sales we saw on Friday in US technology stocks continue, we may see a "correction" in Bitcoin prices "at some point". Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 68000, can see a 75000 Movement if it breaks the 73000 resistance again on a Daily basis, if sales increase, the 69500 support is the strongest support. Support: 69500 – 68200 Resistance: 73000 – 75000
We left behind the most important data of the week for EURUSD with the US Consumer Price Index. Although the EURUSD parity was suppressed after the inflation data above expectations, it followed a profile that continued its general trend appearances. When we evaluate the EURUSD parity in the short term, the 1.0895 region is important, and the parity may want to continue its rise above the relevant region. With this in mind, movement towards the 1.0930, 1.0965 and 1.1000 barriers may continue. In particular, permanent movements above the 1.0965 level may further strengthen the current upward trend, and with this confirmation, a new expectation towards the 1.1145 peak may occupy the agenda. Otherwise, pressure towards the 1.0895 support may be observed. In such a pressure, it should not be forgotten that permanent movements below the 1.0895 region are needed for our current scenario to be considered invalid. Only under this condition can a new expectation be formed towards the bottom point of 1.0795. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 34-period average (1.2775) is important, and the pair may want to continue its rise on the relevant indicator. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the parity will give at 1.2875 is a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that while the average is the main support, permanent movements under the indicator are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2605 may occupy our agenda. Support: 1.2775 – 1.2745 Resistance: 1.2825 – 1.2875
USD/JPY rose to 148.00 yesterday following the US CPI data. The pair rose as the Japanese Yen weakened after the Bank of Japan (BoJ) expressed its doubts about Japan's economic outlook. Finance Minister Shunichi Suzuki also made a separate statement, saying that Japan is not at a stage where it can declare victory against deflation. The comments of BOJ Governor Ueda and Japanese Finance Minister Suzuki reduced market expectations for the BOJ to exit negative interest rates. Technically, the 147.49 level can be monitored in intraday downward movements. If this level is broken, the supports of 147.28, 147.03 and 146.82 may become important. In possible increases, the 147.74, 147.94 and 148.20 will be monitored as resistance levels. Support: 147.280 - 147.030 Resistance: 147.740 - 147.940
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.09. When we evaluate the USDTRY exchange rate in the short term, the 31.73 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.10, 32.20 and 32.30 levels can be observed. Permanent movements above 32.37 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.93) are on the agenda. Support: 31.88 – 31.62 Resistance: 32.20 – 32.30
Following the annual increase in the CPI in the US to 3.2%, the 10-year treasury bond yield recovered to 4.15%, and the short-term gold ounce has shown some pullback. When we technically evaluate the short-term gold ounce pricing, we are following the 2150 - 2168 region, which is currently supported by the 13 (2165) and 34 (2152) period exponential moving averages. As the precious metal forms within the 2150 - 2168 region, the decision-making stage scenario may be valid. Permanent pricing above the 2168 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2175 and 2185 levels may come to the agenda. In the meantime, the attitude of the 2185 level can be monitored in order for the upward expectation to continue. Permanence below the 2150 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2144 and 2133 may be encountered. At this stage, the reaction of the level of 2144 can be monitored in order for the pullback trend to continue. Support: 2150-2144 Resistance: 2168-2175
In the OPEC monthly report, while Iraqi production exceeding the specified quota overshadowed the decision to extend the quota until the end of June, to a limited extent, the American Petroleum Institute's 5.5 million barrel decrease in stocks did not change this picture. The increase in inflation in the US also had an impact on this picture. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains at and above the 77.00 - 77.50 support in the upcoming process, an upward trend may be at the forefront. In possible increases, the 78.50 and 79.00 levels can be targeted. As long as possible decreases are limited to the 77.00 - 77.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 77.00 and 4-hour closings for the continuation of the downward desire. In this case, the 76.50 and 76.00 levels may come to the agenda. Support: 77.50 – 77.00 Resistance: 78.50 – 79.00
In the OPEC monthly report, while the fact that Iraqi production exceeded the specified quota overshadowed the decision to extend the quota until the end of June, to a limited extent, the American Petroleum Institute's 5.5 million barrel decrease in stocks did not change this picture. The increase in inflation in the US also had an impact on this picture. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains at and above the 81.50 - 82.00 support in the upcoming period, an upward trend may be at the forefront. In possible increases, the 83.00 and 83.50 levels can be targeted. As long as possible decreases are limited to the 81.50 - 82.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and 4-hour closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 82.00 – 81.50 Resistance: 83.00 – 83.50
The US inflation data announced for NDXUSD the day before, although slightly above expectations, showed that the disinflation process continues in the US. After the data, the Nasdaq index regained its losses since the beginning of the week, while semiconductor sector stocks rallied with the effect of company balance sheets showing that demand for the artificial intelligence sector has not cooled. Nvidia became the technology company that contributed the most to the index by gaining nearly 8% premium. When we technically examine the short-term pricing of the Nasdaq index futures contract, positive expectations are at the forefront as long as it moves above the 18200 - 18300 region. In increases, 18600 - 18700 levels can be targeted with the surpassing of the 18500 resistance. Alternatively, if the index cannot break the 18500 resistance, negative expectations will be at the forefront in possible decreases and pricing behavior below 18200. In the continuation of the decrease, pullbacks towards the 18100 level can be observed. Support: 18100 - 18000 Resistance: 18300 - 18400
The US February inflation announced the day before increased risk appetite in US stock markets, while the European side was also positively affected by the data. When we technically examine the short-term chart of the DAXEUR index, we are following the 18000 - 18100 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 18300 and then 18400 can be seen. In the alternative scenario, in case of possible suppression around the 18300 resistance, it is expected that the declines will accelerate with the index falling below the 18000 level for negative expectations. In this case, declines towards 17700 can be followed with support from the 89-period average. Support: 17900 - 17800 Resistance: 18000 - 18100
Bitcoin Continues to Break Its Own Record. Bitcoin prices saw $73,000 for the first time in history. As of yesterday, BTC, which came to $73,000 and fell to $69,000 with the sales from there, returned to $72,000. There is an inflow of over $10 billion to BlackRock's spot Bitcoin ETF in a two-month period. Bitcoin ETF did not react negatively to these fundamental variable-related macro data and Fed expectations. However, it is useful to be careful, we may see a "correction" in Bitcoin prices "at some point". Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 68,000, breaks the 73,000 resistance again on a daily basis, we may see a 75,000 movement, if sales increase, the 69,500 support is the strongest support. Support: 69500 – 68200 Resistance: 73000 – 75000
The natural gas futures contract in the US, which was suppressed by weather conditions, has experienced a limited recovery after testing the lowest levels since February 23. Despite the recent production cut decisions, the lack of a recovery in demand is pressuring prices. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and below the 1.740-1.76 resistance level in the upcoming period, a downward outlook may be at the forefront. In possible declines, 1.68 and 1.66 levels can be targeted. In possible recoveries, as long as the 1.74-1.76 resistance level remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.76 and 4-hour closings for the continuation of the upward demand. In this case, 1.78 and 1.81 levels may come to the agenda. Support: 1.68 - 1.66 Resistance: 1.74 - 1.76
Following the CPI data announced yesterday, the Dollar Index rose to 103,180, thus regaining the losses it had incurred last week. 10-Year Bond Yields rose to 4.13, helping the DXY to rise. In addition, US stock index futures increased by 0.2% to 0.6% in the early Asian session, indicating a positive change in the risk atmosphere. Technically, in the short term, the 200-Day Moving Average range of 102,810 - 102,640 stands out as a support area. If this range is dropped below, the 50-Day Moving Average may continue to retreat to 102,370. In increases, the 100-Day Moving Average levels of 103,120 and 103,360 can be followed as resistance points. Support: 102,810-102,640 Resistance: 103,120-103,360
We are in the fourth trading day of the week for EURUSD. Although the partial recovery in the Dollar Index has created pressure on EURUSD and GBPUSD pairs, neither the index nor the pairs have changed their current trend outlook. When we evaluate the EURUSD pair in the short term, the 1.0895 region maintains its importance, but the pair may want to continue its rise above the relevant region. With this in mind, movement towards the 1.1000 and 1.1045 barriers, especially 1.0965, may continue. In particular, permanent movements above the 1.0965 level may further strengthen the current upward trend, and with this confirmation, a new expectation towards the 1.1145 peak may occupy the agenda. Otherwise, pressure towards the 1.0895 support may be observed. In such a pressure, it should not be forgotten that permanent movements below the 1.0895 region are needed for our current scenario to be considered invalid. However, with this condition, a new expectation towards the 1.0795 bottom point may occur. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the uptrend bottom point and the 34-period average (1.2720 - 1.2775 region) are important, but the pair may want to continue its rise on the relevant indicator. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the parity will give at 1.2825 will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that while the average is the main support, permanent movements below the 1.2720 - 1.2775 region are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2605 bottom point may occupy our agenda. Support: 1.2775 – 1.2720 Resistance: 1.2825 – 1.2875
The Japanese Yen (JPY) strengthened slightly against its American counterpart during the Asian session on Wednesday, reversing some of its losses from the previous day to its lowest level of the week. The outcome of Japan’s spring wage talks shows that most firms have accepted unions’ demands for wage increases. This comes on the back of a report that the Bank of Japan (BoJ) is considering a rate hike in March, which has emerged as a significant factor providing good support for the JPY. Technically, the 147.81 level can be monitored for intraday downward movements. If this level is broken, supports at 147.65, 147.37 and 147.20 could become important. In possible increases, resistance levels at 148.09, 148.25 and 148.53 will be monitored. Support: 147,650 - 147,370 Resistance: 148,090 - 148,250
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.12. When we evaluate the USDTRY exchange rate in the short term, the 31.77 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.15, 32.23 and 32.32 levels can be observed. Permanent movements above 32.40 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.00) are on the agenda. Support: 31.98 – 31.72 Resistance: 32.23 – 32.32
With the effect of the increase in the US 10-year Treasury bond yield to 4.20%; it exhibited an outlook that suppressed the increases in ounce gold in the short term. When we evaluate the short-term pricing of ounce gold technically, we are following the 2160 - 2168 region, which is currently supported by the 13 (2168) and 34 (2157) period exponential moving averages. As long as the precious metal limits the downward demand in the 2160 - 2168 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2175 and 2185 levels. In the meantime, the attitude of the 2185 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, permanent pricing below the 2160 - 2168 region may be needed for the downward trend to become dominant. In this case, movements towards the 2150 and 2144 levels can be monitored. At this stage, the reaction of the 2144 level can be monitored in order to continue the pullback request. Support: 2157-2150 Resistance: 2175-2185
Following the US Energy Information Administration's announcement of a decrease in stocks, we observed that an upward trend in oil futures contracts came to the fore. During this process, the Middle East agenda, OPEC+'s extension of the production cut decision, and Ukraine's drone attack on its production facility in Russia continued to be among the headlines supporting the increase. The course of European and US stock exchanges can be followed during the day. In the upcoming process, as long as the pricing remains at and above the 78.50 - 79.00 support, an upward outlook may be at the forefront. In possible increases, the 80.00 and 80.50 levels can be targeted. As long as possible decreases are limited to the 78.50 - 79.00 support, new upward potential may occur. Therefore, it may be necessary to see the course below 78.50 and 4-hour closings for the continuation of the downward desire. In this case, the 78.00 and 77.50 levels may come to the agenda. Support: 79.00 - 78.50 Resistance: 80.00 - 80.50
Following the US Energy Information Administration's announcement of a decrease in stocks, we observed that an upward trend in oil futures contracts came to the fore. During this process, the Middle East agenda, OPEC+'s extension of the production cut decision, and Ukraine's drone attack on its production facility in Russia continued to be among the headlines supporting the increase. The course of European and US stock exchanges can be followed during the day. In the upcoming process, as long as pricing remains at and above the 83.00 - 83.50 support, an upward outlook may be at the forefront. In possible increases, 84.50 and 85.00 levels can be targeted. As long as possible decreases are limited to the 83.00 - 83.50 support, new upward potential may occur. Therefore, it may be necessary to see the course below 83.00 and 4-hour closings for the continuation of the downward desire. In this case, 82.50 and 82.00 levels may come to the agenda. Support: 83.50 - 83.00 Resistance: 84.50 - 85.00
On a calm day in terms of the economic calendar for NDXUSD, the decline in Tesla and Nvidia stocks in particular caused the indexes to trade, while the S&P lost 19% and the Nasdaq lost 0.54%. Before the Fed interest rate decision to be announced next week, the US PPI and retail sales data will be monitored today due to their impact on index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, positive expectations are at the forefront as long as it moves above the 18000 - 18100 region. In increases, with the 18300 resistance being overcome, 18400 - 18500 levels can be targeted. Alternatively, if the index cannot break the 18300 resistance, negative expectations will be at the forefront in possible decreases, in the pricing behavior it will make below 18000. In the continuation of the decrease, pullbacks towards the 17900 level can be observed. . Support: 18000 - 17900 Resistance: 18200 - 18300
The European indices were positive the other day. The German Dax Index, on the other hand, decoupled negatively from other European indices, albeit with a limited 0.02% loss of value. While the European region will be calm in terms of the economic calendar today, the US PPI data can be followed for the course of the stock markets. When we examine the short-term chart of the DAXEUR index technically, we are following the 18000 - 18100 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 18200 and then 18300 may be seen. In the alternative scenario, in case of possible suppression around the 18200 resistance, it is expected that the declines will accelerate with the index falling below the 18000 level for negative expectations. In this case, declines towards 17700 level with support from the 89-period average can be followed in the downward direction. Support: 17900 – 17800 Resistance: 18000 – 18100
Bitcoin Continues to Break Its Own Record Every Day. Bitcoin prices saw $73650 for the first time in history yesterday. BTC, which fell to $71000 with sales from this price, returned to $73200. BlackRock's spot Bitcoin ETF has over $10 billion inflow in a two-month period. Bitcoin ETF did not react negatively to these fundamental variable-based macro data and Fed expectations. However, it is useful to be careful, we may see a "correction" in Bitcoin prices "at some point". Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 69000, breaks the 74000 resistance again on a daily basis, we may see a 75000 movement, if sales increase, the 715500 support is the strongest support. Support: 71500 – 69800 Resistance: 74000 – 75000
The weak course of natural gas demand in the US due to weather conditions continues to play a leading role in the pressure on the natural gas futures contract. The possibility of this situation being reflected in the stock figures to be announced today was effective in reaching their lowest levels since February 20. The course of the European and US stock exchanges and stock figures can be followed during the day. As long as the pricing remains at and below the 1.68 - 1.71 resistance level in the upcoming period, a downward view may be at the forefront. In possible declines, 1.62 and 1.59 levels can be targeted. In possible recoveries, as long as the 1.68 - 1.71 resistance level remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 1.71 and 4-hour closings for the continuation of the upward demand. In this case, the 1.74 and 1.76 levels may come to the agenda. Support: 1.62 - 1.59 Resistance: 1.68 - 1.71
After the CPI Data on Tuesday, the Dollar Index rose to 103,180, but could not hold on there and retreated to 102,860 yesterday. The 10-year US yield remained stable at around 4.15%, helping the USD find demand. However, the risk-positive market atmosphere did not allow the currency to continue to gather strength. Technically, for the DXY, which started the day around 102,880, the 200-day moving average of 102,610 - 102,440 stands out as a support zone in the short term. If this range is dropped below, the 50-day moving average may continue to retreat to 102,370. In increases, the 100-day moving average of 103,120 and 103,360 levels can be followed as resistance points. Support: 102,610-102,440 Resistance: 103,120-103,360
03/14/2024 10:20 *Tesla's 4.5% drop was followed by a nearly 3% increase in crude oil prices... * The raw material side was quite active yesterday. WTI oil: After six weeks of increases, weekly crude oil inventories in the US decreased by 1.5 million barrels yesterday. On the geopolitical side, Ukraine's drone attack on Russian refineries (the largest of the refineries processes +300k crude oil per day) increased prices. WTI oil ended the day with a 2.8% premium. 3.1% premium Copper: Copper prices reached an 11-month high as Chinese producers went to capacity control. Yesterday, COMEX copper contracts and LME copper contracts (3-month maturity) ended trading with a 3.2% premium and 3.1% premium, respectively. Silver: As a reflection of the purchases in industrial metals starting with copper (Bloomberg Industrial Metals Index made a 1% premium yesterday), silver, which remained behind compared to gold prices, separated on the positive side yesterday. While silver ended the day with a 3.6% premium in the spot market, the gold/silver ratio tested below the 87 level, supporting the continuation of the rally in precious metals. Tesla's 4.5% decline with the Wells Fargo report caused a 0.8% decline in the Nasdaq 100 index. While S&P 500 ended the day with a 0.19% decline, the best three sectors were energy (due to the increase in oil prices), raw materials (the effect of copper and silver. Freeport-Mcmoran ended the day with a 7.5% premium yesterday) and infrastructure. Golden dragon index (Chinese companies traded in the US) ended the transactions with a 1% premium and CQQQ (BYF including Chinese technology companies) with a 0.8% premium. Demand in long-term US bond issues was not bad yesterday. We believe that we are nearing the end of the short-term rise in US 10-year yields. The S&P 500 index is in its longest period of “2%-free” trading since 2018… Another reason why we have a cautious stance in stock markets… Today, PPI and retail sales data will be announced at 15:30 GMT on the US side. After the session, there is the balance sheet of Adobe, an important name in the field of artificial intelligence. Bitcoin continues to trade above $73k…
It is the last trading day of the week for EURUSD. After the US PPI data yesterday, the positive pricing behavior in the Classic Dollar Index caused significant pressure on the EURUSD parity. When we evaluate the EURUSD parity in the short term, the 1.0860 - 1.0895 region maintains its importance, while the parity is in the decision phase regarding whether it will continue its uptrend in the relevant region. In an environment where the classic dollar index maintains its negative trend, it can be expected from the EURUSD parity to maintain its uptrend, but it is also important to follow the intraday pricing behavior. In this respect, while persistence above 1.0895 supports the positive trend, persistence below 1.0860 may bring the dominance of negative pricing behavior to our agenda with the idea that the trend has ended. For this reason, we can say that the parity is currently in the decision phase. In the continuation of the trend, a rally towards the 1.1000 level, and in the event of a trend change, pressure towards the 1.0695 bottom point may occupy our agenda. Support: 1.0860 – 1.0835 Resistance: 1.0895 – 1.0920
The GBPUSD pair could not continue the new short-term trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, it is observed that the pair is experiencing a decline due to the appreciation of the Dollar. The upward movement observed in the Dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 1.2738 on the previous trading day, was 0.12%. The RSI indicator for the pair, which is below its 20-day moving average, is at 53.24, while its momentum is at 100.61. The 1.2742 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2756, 1.2774 and 1.2787 may become important. In possible pullbacks, 1.2725, 1.2711 and 1.2693 will be monitored as support levels. Support: 1.2725 – 1.2711 Resistance: 1.2742 – 1.2756
USD/JPY pair rose to around 148.40 yesterday with the US Retail Sales data surprising downwards, PPI being announced above expectations in both headline and core figures, and Initial Jobless Claims in the US decreasing by 1,000 in the week. Yesterday's Data and Market Expectations will reduce expectations that the Federal Reserve (Fed) will cut interest rates in the June policy meeting. Technically, the 148.39 level can be followed in intraday upward movements. If this level is exceeded, the 148.55, 148.83 and 148.99 resistances may become important. In possible pullbacks, the 148.12, 147.95 and 147.68 support levels will be monitored. Support: 148.120 - 147.950 Resistance: 148.550 - 148.830
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.20. When we evaluate the USDTRY exchange rate in the short term, the 31.82 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.23, 32.32 and 32.40 levels can be observed. Permanent movements above 32.46 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.06) are on the agenda. Support: 31.98 – 31.72 Resistance: 32.32 – 32.40
Following the US PPI data, due to the effect of the 10-year treasury bond yield rising towards 4.30%; ounce gold displayed limited pricing in the short term. During the day, the Empire State manufacturing index, industrial production, Michigan consumer sentiment and inflation expectations can be monitored due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2150 - 2168 region, which is currently supported by the 13 (2165) and 34 (2159) period exponential moving average. In possible recoveries, 2175 and 2185 levels may come to the agenda. In the meantime, the attitude of the 2185 level can be monitored in order for the expectation of increase to continue. In order for the negative expectation to come to the fore, it may be necessary to remain below the 2150 level. In possible declines, 2144 and 2133 levels may be encountered. At this stage, the reaction of the 2144 level can be monitored in order for the withdrawal trend to continue. Support: 2157-2150 Resistance: 2175-2185
The International Energy Agency's assumption that OPEC+ will extend its production cut decision until the end of the year, along with the forecast that a supply deficit may occur this year, supports oil prices, while the Middle East and Ukraine - Russia agenda also contributed to this title. The course of European and US stock markets can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is dominant. WTI oil saw its highest level of 81.05 and its lowest level of 79.18 on the previous trading day. The 80.25 level can be followed in intraday downward movements. In case of falling below this level, the supports of 79.44, 78.37 and 77.57 may become important. In possible increases, the resistance levels of 81.31, 82.12 and 83.19 will be monitored. Support: 80.25 - 79.44 Resistance: 81.31 - 82.12
The International Energy Agency's assumption that OPEC+ will extend its production cut decision until the end of the year, along with the forecast that a supply deficit may occur this year, supports oil prices, while the Middle East and Ukraine - Russia agenda also contributed to this title. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 84.00 - 84.50 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, 86.00 and 86.50 levels can be targeted. In possible decreases, as long as the 84.00 - 84.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 84.00 and 4-hour closings for the continuation of the downward desire. In this case, 83.50 and 83.00 levels may come to the agenda. Support: 84.50 - 84.00 Resistance: 86.00 - 86.50
For NDXUSD, while the US PPI data showed an increase above expectations the day before, when evaluated together with the inflation data announced on Tuesday, it showed that cost pressure continues. Before the Fed interest rate decision to be announced next week, US industrial production will be monitored today due to its impact on the New York Fed manufacturing index and consumer confidence index index movements. When we examine the Nasdaq short-term pricing technically, we are monitoring the 17900 - 18000 region as the decision region. For positive expectations, it can be expected that the index will be persistent above the 18100 level again. In increases, with the 18100 resistance being overcome, 18200 - 18300 levels can be targeted. Alternatively, if the index cannot break the 18100 resistance, negative expectations will be at the forefront in possible decreases, in pricing behavior below 18000. In the continuation of the decrease, pullbacks towards the 17900 - 17800 level can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200
The European indexes showed a negative trend the other day with the US PPI data coming in above expectations. The German Dax Index ended the day with a 0.11% loss of value. When we examine the short-term chart of the DAXEUR index technically, we are following the 17900 - 18000 region with support from the 20-period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. In increases, increases towards 18100 and then 18200 can be seen. In the alternative scenario, in case of possible suppression around the 18100 resistance, it is expected that the index will fall below the 17900 level for negative expectations and the pullbacks will accelerate. In this case, declines towards 17700 can be followed with support from the 89-period average. Support: 17800 - 17700 Resistance: 18000 - 18100
Bitcoin Yesterday Morning After breaking a new record of $73777, there was saturation in the market. BTC, which entered a correction process with the sales after the US opening, returned to the $66900 level. There is an inflow of over $11.5 billion to BlackRock's spot Bitcoin ETF in a two-month period. Bitcoin ETF still did not react negatively to these fundamental variable-driven macro data and Fed expectations. However, it is useful to be careful. "At some point" we may see a "correction" in Bitcoin prices. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 69000 DOWN, breaks the 69000 resistance again, we can see a 72000 Movement. If sales increase, the 64500 support is the strongest support. Support: 69000 – 72000 Resistance: 64500 – 62100
Following the inventory figures announced yesterday in US natural gas futures, some ground was found for an increase. The increases that occurred up to 1,760 with the breaking of the 1,710 level are still in the correction area in terms of the decreases that started at $2. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and below the 1.76 - 1.78 resistance in the upcoming process, a downward view may be at the forefront. In possible decreases, 1.71 and 1.68 levels can be targeted. In possible recoveries, as long as the 1.76 - 1.78 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.78 and 4-hour closings for the continuation of the upward desire. In this case, 1.81 and 1.83 levels may come to the agenda. Support: 1.71 - 1.68 Resistance: 1.76 - 1.78
The Dollar Index rose to around 103.450 yesterday with the US Retail Sales data surprising to the downside, PPI being announced above expectations in both headline and core figures, and Initial Jobless Claims in the US decreasing by 1,000 per week. Yesterday's Data Will Reduce Expectations That the Federal Reserve (Fed) Will Cut Interest Rates at the Market's Expected June Policy Meeting. Technically, for the DXY, which started the day around 103.220, the 200-Day Moving Average range of 103.110 - 102.840 stands out as a support zone in the short term. If this range is dropped, the 50-Day Moving Average may continue to retreat to 102.470. In increases, the 100-Day Moving Average levels of 103.560 and 103.880 can be followed as resistance points. Support: 103,110-102,840 Resistance: 103,560-103,880
For EURUSD, global markets are facing intense central bank traffic before the start of the second quarter of the year. Banks such as the BoJ, RBA, SNB, TCMB, BoE and Fed will announce their roadmap for the upcoming period. When we evaluate the EURUSD parity in the short term, the 1.0860 - 1.0895 region maintains its importance, while the parity is in the decision phase regarding whether it will continue its uptrend in the relevant region. In an environment where the classic dollar index maintains its negative trend, it can be expected from the EURUSD parity to maintain its uptrend, but it is also important to follow the intraday pricing behavior. In this respect, while persistence above 1.0895 supports the positive trend, persistence below 1.0860 may bring the dominance of negative pricing behavior to our agenda with the idea that the trend has ended. For this reason, we can say that the parity is currently in the decision phase. In the continuation of the trend, a rally towards the 1.1000 level, and in the event of a trend change, pressure towards the 1.0695 bottom point may occupy our agenda. Support: 1.0860 – 1.0835 Resistance: 1.0895 – 1.0920
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the uptrend bottom point (1.2720) is important, but if the pair can continue to stay above the relevant region, it may want to continue its rise. With this in mind, the levels of 1.2775, 1.2825 and 1.2875 occupy our agenda, and the reaction the parity will give at the 34-day average level of 1.2775 should also be followed to answer the question of whether it will be a reaction sale or a trend rally. In the event of a possible reaction sale, it should not be forgotten that 1.2720 is the main support, but permanent movements below 1.2720 are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2605 may occupy our agenda. Support: 1.2720 – 1.2605 Resistance: 1.2775 – 1.2825
The USD/JPY parity extended its recovery from Thursday despite falling to 146.460 last week and increasing speculation that the Bank of Japan wants to end its negative interest rate policy at this week's policy meeting, closing above 148.900. We Will Be Watching Interest Rate Decisions from Both Japan and the US This Week, these two critical data will significantly increase weekly volumes and cause volatility. Technically, the 149.12 level can be followed in intraday upward movements. If this level is exceeded, the 149.33, 149.54 and 149.74 resistances may become important. In possible pullbacks, 148.91, 148.70 and 148.49 will be monitored as support levels. Support: 148,910 - 148,700 Resistance: 149,330 - 149,540
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.30. When we evaluate the USDTRY exchange rate in the short term, the 31.87 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 32.32, 32.40 and 32.51. Permanent movements above 32.51 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.10) are on the agenda. Support: 32.18 – 32.02 Resistance: 32.40 – 32.51
With the effect of the increase in the US 10-year Treasury bond yield to 4.30%; ounce gold has exhibited downward pricing in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2150 - 2160 region, which is currently supported by the 13 (2159) and 34 (2158) period exponential moving average. As long as the precious metal moves below the 2150 - 2160 region, downward expectations may remain at the forefront. If the desire to decline continues, the 2144 and 2133 levels may be encountered. In the meantime, the attitude of the 2144 level can be monitored in terms of the continuation of the pullback trend. In the alternative case, in order for the positive trend to come to the fore, permanence above the 2150 - 2160 region may be needed. In this case, a movement area towards the 2168 and 2175 levels may be formed. Support: 2150-2160 Resistance: 2144-2133
The International Energy Agency's forecast that there will be a supply deficit in oil in 2024, putting the high course of non-OPEC+ production into the background and assuming that OPEC+ implements its production cut decision by the end of the year, continues to support the rise. The course of the US stock markets can be followed throughout the day. As long as the pricing remains at and above the 80.00 - 80.50 support level in the upcoming period, the upward trend may be at the forefront. The 80.48 level can be followed in intraday downward movements. If this level is dropped below, the 80.07, 79.61 and 79.20 supports may become important. In possible increases, the 80.94, 81.35 and 81.81 resistance levels will be monitored. Support: 80.07 - 79.61 Resistance: 80.94 - 81.35
The International Energy Agency's forecast that there will be a supply deficit in oil in 2024, putting aside the high course of non-OPEC+ production and assuming that OPEC+ implements its production cut decision by the end of the year, continues to support the rise. The course of the US stock markets can be followed throughout the day. In general, an upward trend is seen. Brent oil saw a high of 85.11 and a low of 84.21 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.2% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 63.78, while its momentum is at 103.49. The 84.73 level can be followed in intraday downward movements. If this level is dropped, the supports at 84.34, 83.83 and 83.44 may become important. In possible increases, 85.24, 85.63 and 86.14 will be monitored as resistance levels. Support: 84.34 - 83.83 Resistance: 85.24 - 86.63
For NDXUSD, the Nasdaq index, which had a mixed course with the inflation data coming above expectations last week, found support at the 17800 level in the downward correction movement on the last trading day of the week. The Fed interest rate decision to be announced in the middle of the week and the US PMI data, especially the speech of Chairman Powell, are among the headlines to be followed this week due to their impact on index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we follow the 17900 - 18000 region as the decision region. As long as the index moves below the 18000 level, negative expectations are at the forefront. In declines, the 17860 - 17790 levels can be followed as support. Alternatively, for positive expectations, it can be expected that the index will be persistent above the 18000 level again. In increases, the 18100 - 18200 levels can be targeted with the surpassing of the 18000 resistance. Support: 17860 - 17790 Resistance: 18000 - 18100
The DAXEUR index futures contract, which started the first trading day of the week positively, is moving close to the 18000 level while the analysis is being prepared. This week, the interest rate decisions of the central banks of the USA, England and Switzerland, as well as the Eurozone PMI data, are among the topics to be followed due to their impact on index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17900 - 18000 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards the 18100 level and then towards the 18200 level can be seen. In the alternative scenario, in possible suppression around the 18100 resistance, it can be expected that the declines will accelerate with the index falling below the 18000 level for negative expectations. In this case, declines towards the 17800 level with support from the 89-period average can be followed in the downward direction. Support: 17900 – 17800 Resistance: 18100 – 18200
After Bitcoin Broke Its Own Record Last Week, a saturation occurred. BTC, which entered a correction process with the sales that came on Friday, spent the weekend selling and returned to the $64,500 level. Then, it recovered and started the new week above $68,000 again. The Interest Rate Decision from the US This Week Will Be the Biggest Decisive Data for BTC. It is Worth Paying Attention This Week We may see a "correction" between 62,000-59,000 in Bitcoin prices. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 69,000 DOWN, breaks the 69,000 resistance again on a daily basis, we may see a 72,000 movement. If sales increase, the 64,500 support is the strongest support. Support: 67000 – 64500 Resistance: 69000 – 72000
US natural gas futures have found support from the decline in stocks and have made a recovery. This recovery is being followed as a correction following the decline that started at $2. Therefore, the reaction of the upcoming resistance zones will be monitored for the continuation of the correction or new declines. In the upcoming process, as long as the prices remain at and above the 1.63 - 1.68 support, the upward outlook may be at the forefront. In possible increases, the 1.76 and 1.82 levels may be targeted. In possible pullbacks, as long as the 1.68 - 1.63 support remains current, new upside potential may occur. Therefore, for the continuation of the downward desire, it may be necessary to see the course below 1.63 and 4-hour closings. In this case, the 1.58 and 1.51 levels may come to the agenda. Support: 1.68 - 1.63 Resistance: 1.76 - 1.82
The Dollar Index Managed to Close Last Week with an Increase as the Fed should reiterate a relatively optimistic discourse on disinflation and indicate monetary easing in the future. This week, the interest rate decisions of the central banks in the US, UK and Japan and the leading PMI data from Germany, UK, the Eurozone and the US will be followed. Technically, for the DXY, which started the day around 103,440, the 200-day moving average of 103,110 - 102,840 stands out as the support area in the short term. If this range is dropped below, the 50-day moving average may continue to retreat to 102,470. In increases, the 100-day moving average levels of 103,560 and 103,880 can be followed as resistance points. Support: 103,110-102,840 Resistance: 103,560-103,880
After the BoJ decision to increase interest rates for EURUSD after a 17-year hiatus, the main focus of the markets will be on the Fed decisions that we will reach on Wednesday evening. When we evaluate the EURUSD parity in the short term, although the uptrend seems to have ended, we can say that the Classic Dollar Index has not yet confirmed the situation, therefore, the 1.0850 - 1.0895 region remains important for the parity, and it is important for it to move out of the band for clearer movements. Persistence above 1.0895 supports the positive trend, while persistence below 1.0850 may bring the dominance of negative pricing behavior to our agenda with the idea that the trend has ended. For this reason, we can say that the parity is currently in the decision phase. In the continuation of the trend, a rally towards the 1.1000 level, and in the event of a trend change, pressure towards the 1.0695 bottom point may occupy our agenda. Support: 1.0850 – 1.0835 Resistance: 1.0895 – 1.0920
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the trend intersection zone (1.2700) is important, but if the pair can continue to stay above the relevant zone, it may want to continue its rise. With this in mind, the levels of 1.2775, 1.2825 and 1.2875 occupy our agenda, and the reaction that the parity will give at the 34-day average level of 1.2775 should also be followed to answer the question of whether it will be a reaction sale or a trend rally. In the event of a possible reaction sale, it should not be forgotten that 1.2720 is the main support, but permanent movements below 1.2700 are needed for the pressure to invalidate our current scenario. Only under this condition, the bottom point of 1.2520 may occupy our agenda. Support: 1.2700 – 1.2655 Resistance: 1.2775 – 1.2825
USD/JPY pair Following the two-day monetary policy meeting announced today by the Bank of Japan, it decided to raise the interest rate by 10 basis points (bps) from -% to 0% for the first time since 2007. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 149.94 on the previous trading day, was 0.53%. The RSI indicator for the pair, which is above its 20-day moving average, is at 57.86, while its momentum is at 100.00. If We Examine It from the Technical Section, the 149.64 level can be followed for intraday downward movements. If this level is broken, supports at 149.33, 148.73 and 148.43 may become important. In case of possible increases, resistance levels at 150.54 and 151.14 will be monitored. Support: 149.940 - 149.640 Resistance: 150.540 - 151.140
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.33. When we evaluate the USDTRY exchange rate in the short term, the level of 31.97 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.43 and 32.51 can be observed. Permanent movements above 32.61 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.17) are on the agenda. Support: 32.18 – 32.02 Resistance: 32.43 – 32.51
With the effect of the easing of the US 10-year Treasury bond yield towards 4.31%; ounce gold has exhibited limited pricing in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2150 - 2168 region, which is currently supported by the 13 (2159) and 34 (2159) period exponential moving average. As the precious metal forms within the 2150 - 2168 region, the decision stage scenario may be valid. Permanent pricing above the 2168 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2175 and 2185 levels may come to the agenda. In the meantime, the attitude of the 2185 level can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2150 level may be required. In possible declines, the 2144 and 2133 levels may be encountered. At this stage, the reaction of the 2144 level can be monitored in order for the pullback trend to continue. Support: 2144-2133 Resistance: 2168-2175
Oil prices have strengthened their upward movement after Ukraine’s estimated refinery capacity of 600,000 to 900,000 barrels per day was disabled in the drone attacks against Russia. While OPEC+’s policy of cuts continues to support the rise, the stronger-than-expected course of industrial production in China also supported the picture. The course of European and US stock exchanges and the stock figures to be announced by the American Petroleum Institute can be followed during the day. WTI oil saw a high of 82.46 and a low of 80.55 on the previous trading day. The 81.73 level can be followed in intraday downward movements. In case of falling below this level, supports at 81.00, 79.81 and 79.08 may become important. In possible increases, resistance levels at 82.91, 83.65 and 84.83 will be monitored. Support: 81.73 – 81.00 Resistance: 82.46 – 82.91
With the drone attacks carried out by Ukraine against Russia, which rendered the country ineffective by approximately 600 thousand to 900 thousand barrels/day, oil prices have reinforced their upward movement. While the OPEC+ policy of cuts continues to support the rise, the stronger-than-expected course of industrial production in China also supported the picture. The stock figures to be announced by the American Petroleum Institute can be followed during the day. Brent oil saw a highest level of 86.62 and a lowest level of 84.82 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 1.78% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 68.68, while its momentum is at 105.64. The 85.93 level can be followed in intraday downward movements. In case of falling below this level, the supports of 85.25, 84.13 and 83.45 may become important. In possible increases, 87.05, 87.74 and 88.85 will be monitored as resistance levels. Support: 85.93 - 85.25 Resistance: 87.05 - 87.74
For NDXUSD While the markets focused on the Fed decision and Chairman Powell's statements the other day, US stocks rose. We followed the rise in the Nasdaq index, especially led by GOOGLE and Tesla. The Fed interest rate decision to be announced tomorrow and Chairman Powell's speech are among the headlines to be followed for the Nasdaq index futures contract, which opened negatively on the second trading day of the week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we follow the 18000 - 18100 region as the decision region. As long as the index is below the 18000 level, negative expectations are at the forefront. In declines, the 17860 - 17790 levels can be followed as support. Alternatively, for positive expectations, it can be expected that the index will be persistent above the 18000 level again. In increases, the 18110 resistance can be overcome and the 18240 - 18350 levels can be targeted. Support: 17860 - 17790 Resistance: 18000 - 18110
While the increase in German ten-year bond yields is suppressing the DAXEUR index, this week, the US central bank's interest rate decision, as well as Euro zone PMI data, are among the topics to be followed due to their impact on index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 17900 - 18000 region with support from the 20-period exponential moving average. The movements of the index outside the region will be monitored, and a closing above the 18000 resistance may be necessary for positive expectations. In recoveries, increases towards the 18100 level and then 18200 level can be seen. If the index is suppressed below the 18000 resistance and cannot receive support from the 17800 level, negative expectations may come to the fore. In this case, declines towards the 17700 level with support from the 89-period average can be followed in the downward direction. Support: 17800 - 17700 Resistance: 18000 - 18100
Bitcoin Yesterday, after a long break, there were sideways transactions, BTC, whose daily volatility decreased extremely, fell to $67170 after the US Opening and then recovered, but BTC, which suffered a big sell-off in the Asian sea, is now below $65000, the correction we have been waiting for is finally coming. The Interest Rate Decision from the US This Week Will Be the Biggest Decisive Data for BTC. It is Worth Paying Attention, we may see a "correction" between 62000-59000 in Bitcoin prices this week. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average of around 69000 DOWN, breaks the 67000 resistance again, we may see a 69000 Movement, if sales increase, the 63500 support is the strongest support. Support: 63500 – 61000 Resistance: 67000 – 69000
The weather forecasts for March 23-27 in the US supported heating demand expectations, which was effective in starting the week with an effective increase in natural gas prices. However, after the opening, we generally followed a course that turned into a band movement again. The high stock levels and the fact that a part of the Freeport LNG facility is still inactive are also effective in this. The course of the European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 1.68-1.63 support level in the upcoming process, an upward view may be at the forefront. In possible increases, 1.76 and 1.82 levels can be targeted. In possible decreases, as long as the 1.68-1.63 support level remains current, a new increase potential may occur. Therefore, it may be necessary to see the course below 1.65 and 4-hour closings for the continuation of the decrease demand. In this case, the 1.59 and 1.54 levels may come to the agenda. Support: 1.68-1.63 Resistance: 1.76-1.82
Dollar Index Started the Day with an Increase. The US Dollar (USD) Index ended a three-week losing streak as the benchmark 10-year US Treasury yield gained over 5% on a weekly basis, climbing to 4.3%. Technically, for the DXY, which started the day around 103,780 after the Bank of Japan (BoJ) and Reserve Bank of Australia (RBA) decisions announced today, the 200-day moving average of 103,110 - 102,840 range stands out as a support zone in the short term. If this range is dropped, the pullback to the 50-day moving average of 102,470 may continue. In increases, the 100-day moving average of 103,960 and 104,180 levels can be followed as resistance points. Support: 103,110-102,840 Resistance: 103,960-104,180
Some economists believe that the synchronized rate cuts by central banks in developed countries could be a factor supporting the dollar. According to Bloomberg and BIS data, 10 of the 11 major central banks in the world, including the Fed, are expected to cut rates in the second half of this year. This indicates the most intense synchronization in terms of rate cuts since 2008. When historical data is analyzed, the dollar gained more than 3 percent in value compared to developed country currencies in quarters where at least 80 percent of the central banks in question cut rates. The fact that the Fed's policy rate remained high among major developed country central banks also stands out as a factor supporting the dollar in this process. According to Mizuho Bank Strategist Vishnu Varathan, aggressive short positions taken against the dollar carry the risk of being “extremely wrong.” Varathan commented, “Interpreting the Fed's policy reversal as a definitive short position against the dollar is incredibly one-dimensional.” “Historically, the US and the Fed would have led this macro narrative, but now the US and the Fed are the last to ease,” said Frances Donald, chief economist at Manulife Investment Management. “It’s very hard for me to be pessimistic about the dollar because we see the Fed and the US having a level of economic resilience and exceptionalism that is far superior to their peers.”
Oil prices settled after two days of gains as U.S. crude inventories pointed to a decline and investors counted down the clock on the Federal Reserve’s interest-rate decision, which will shape the market. Brent crude was little changed above $87 a barrel after a 2.4 percent gain in the first two sessions of the week lifted the benchmark to its highest close since late October. U.S. crude was near $83. The American Petroleum Institute reported that U.S. crude inventories fell by 1.5 million barrels, according to people familiar with the figures. Gasoline stocks also narrowed. The U.S. Federal Reserve is expected to hold interest rates steady at its fifth straight meeting later Wednesday, but policymakers could give clues about when they are ready to ease. Jeff Currie of Carlyle Group LP said oil could rise above $70 to $90 a barrel if the Fed moves to cut rates in the coming months. Crude is up about 13 percent this year. The advance was supported by geopolitical risks, including supply cuts by OPEC+ and drone attacks on Russian refineries by Ukraine. Generally positive growth data from China earlier this week also led to gains.
We are on the most important day of the week and even the month for EURUSD. Today, the US Federal Reserve is expected to present a roadmap to market participants for the second quarter of the year. When we evaluate the EURUSD parity in the short term, although the uptrend seems to have ended, we observe that the Classic Dollar index has not yet confirmed the situation. For this reason, today, together with the Fed, we will reach the answer to the question of whether the parity has really ended its trend. In particular, as long as the current region of the ended trend (1.930) is not passed, adaptation to the new negative outlook and a return to the trend in a permanent movement above the relevant region may occupy our agenda. In the continuation of the trend, a rally towards the level of 1.1000 and in the event of a trend change, pressure towards the bottom point of 1.0695 may occupy our agenda. Support: 1.0850 – 1.0835 Resistance: 1.0895 – 1.0920
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the trend intersection zone (1.2700) is important, but if the pair can continue to stay above the relevant zone, it may want to continue its rise. With this in mind, the levels of 1.2740, 1.2775 and 1.2825 occupy our agenda, and the question of whether the reaction the parity will give at the 34-day average level of 1.2740 will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that 1.2700 is the main support, but permanent movements below 1.2700 are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2520 may occupy our agenda. Support: 1.2700 – 1.2655 Resistance: 1.2740 – 1.2775
The Japanese yen fell to its weakest levels in nearly two weeks yesterday, despite the Bank of Japan raising interest rates, losing value towards 151.666 per dollar. The reason for this is that at the end of the first paragraph of the decision text there is a sentence that says “financial conditions will continue to remain supportive”. The market interpreted this sentence as the BoJ “not entering a rate hike cycle” and the decisions taken at this meeting were understood as one-off “for now”. Analysts for the BoJ will use “data-based” progress much more in 2024. For now, the market is just waking up from its 17-year sleep. In technical terms, the 151.25 level can be followed in intraday downward movements. If this level is dropped below, the supports of 151.00, 150.53 and 150.29 may become important. In possible increases, the resistance levels of 151.72, 151.96 and 152.43 will be followed. . Support: 151,250 - 151,000 Resistance: 151,720 - 151,960
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.38. When we evaluate the USDTRY exchange rate in the short term, the 32.02 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.43, 32.51 and 32.60 levels can be observed. Permanent movements above 32.67 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.24) are on the agenda. Support: 32.18 – 32.02 Resistance: 32.43 – 32.51
With the effect of the easing of the US 10-year Treasury bond yield below 4.30%; ounce gold has shown limited recoveries in the short term. The Fed's monetary policy statement can be followed during the day due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2150 - 2168 region, which is currently supported by the 13 (2157) and 34 (2157) period exponential moving average. As the precious metal forms within the 2150 - 2168 region, the decision phase scenario may be valid. Permanent pricing above the 2168 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2175 and 2185 levels may come to the agenda. In the meantime, the attitude of the 2185 level can be monitored in order for the upward expectation to continue. Permanence below the 2150 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2144 and 2133 may be encountered. At this stage, the reaction of the level of 2144 can be monitored in order for the pullback trend to continue. Support: 2144-2133 Resistance: 2168-2175
The American Petroleum Institute's announcement that crude oil stocks decreased by 1.5 million barrels had a positive impact on futures prices. Attacks on refineries in Russia and the extension of the OPEC+ agreement affected the price. The stock figures to be announced by the US Energy Information Administration will be followed during the day. In the evening, we will be following the Fed's monetary policy statement. In the upcoming process, as long as pricing remains at and above the 81.50 - 82.00 support, an upward outlook may be at the forefront. In possible increases, 83.00 and 83.50 levels may be targeted. In possible decreases, as long as the 81.50 - 82.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 81.50 and 4-hour closings for the continuation of the downward desire. In this case, the 81.00 and 80.50 levels may come to the agenda. Support: 82.00 - 81.50 Resistance: 83.00 - 83.50
The American Petroleum Institute's announcement that crude oil stocks decreased by 1.5 million barrels had a positive impact on futures prices. Attacks on refineries in Russia and the extension of the OPEC+ agreement affected the price. The stock figures to be announced by the US Energy Information Administration will be followed during the day. In the evening, we will be following the Fed's monetary policy statement. In the upcoming process, as long as pricing remains at and above the 86.00 - 86.50 support, an upward outlook may be at the forefront. In possible increases, 87.50 and 88.00 levels may be targeted. In possible decreases, as long as the 86.00 - 86.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 86.00 and 4-hour closings for the continuation of the downward desire. In this case, the 85.50 and 85.00 levels may come to the agenda. Support: 86.50 - 86.00 Resistance: 87.50 - 88.00
For NDXUSD, while global markets closed the day we left behind horizontally positive, it is expected that the bank will not change the interest rate and will leave the interest rate unchanged for the fifth time in a row in the Fed interest rate decision to be announced today. The projections to be published after the decision and Chairman Powell's communication with the market may increase volatility in the Nasdaq index. When we technically examine the short-term pricing of the Nasdaq index futures contract, we follow the 18000 - 18100 region as the decision region. As long as the index is below the 18000 level, negative expectations are at the forefront. In declines, 17920 - 17790 levels can be followed as support. Alternatively, for positive expectations, it can be expected that the index will be persistent above the 18000 level again. In increases, 18240 - 18350 levels can be targeted with the surpassing of the 18110 resistance. Support: 17920 - 17790 Resistance: 18110 - 18240
In the middle of the week, European markets also focused on the interest rate decision that the Fed will announce today. While the DAXEUR index closed horizontally positive with the decline in German ten-year bond yields, the speech of ECB President Lagarde before the Fed decision today will also be effective. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18200, positive expectations are at the forefront. In recoveries, increases towards the 18300 level and then 18400 level can be seen. If the index is suppressed under the 18300 resistance and cannot receive support from the 18200 level, negative expectations may come to the fore. In this case, declines towards the 17900 level with support from the 89-period average can be followed downwards. Support: 17900 – 17800 Resistance: 18100 – 18200
Bitcoin Yesterday, as we warned last week, made the expected correction move, falling more than 7 percent to below $62,000 thousand with sharp outflows from the spot Bitcoin Exchange Traded Fund (ETF) and the postponement of interest rate cut expectations from the Fed. BTC, which made a slight recovery in the evening hours, closed the day at $63,000. BTC, which started the new day with sales again, is moving around $61,000, and we think there will be very high volatility in BTC today. Our expectation is still in the medium term (3 months), that it will benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average of around 64,000 DOWN, can see a 67,000 movement if it breaks the 64,000 resistance again on a daily basis, if sales increase, the 60,700 support is the strongest support. Support: 60700 – 58000 Resistance: 64000 – 67000
The continuation of relatively cold weather forecasts in the US supports natural gas futures. However, the recent lag in spot market prices is also a matter to be noted. The course of European and US stock markets and the Fed's monetary policy statement will be the headlines to be followed during the day. As long as pricing remains at and above the 1.71 - 1.68 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 1.78 and 1.82 levels may be targeted. In increases, the 1.82 resistance supported by the 200-period exponential moving average will be closely monitored due to its potential to suppress the increase. In possible decreases, as long as the 1.71 - 1.68 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 1.71 and 4-hour closings for the continuation of the downward desire. In this case, the 1.63 and 1.58 levels may come to the agenda. Support: 1.68 - 1.63 Resistance: 1.76 - 1.82
The Dollar Index is waiting for the FED Interest Rate Decision today. The Fed is expected to keep interest rates constant for the fifth time in a row at 5.25%-5.50%. Investors' expectations that the Fed may start lowering interest rates in June have begun to wane, while 10-year US bonds have experienced a moderate decline, but have maintained their strength as expectations that the Fed will lower interest rates in June have diminished. Technically, the 200-Day Moving Average of 103,640 - 103,260 is a support area in the short term. If this range is dropped, the 50-Day Moving Average may continue to retreat to 102,970. In increases, the 100-Day Moving Average of 104,110 and 104,280 levels can be followed as resistance points. Support: 103,640-103,260 Resistance: 104,110-104,280
We have left behind the critical US Central Bank Fed decisions for EURUSD. While the Classic Dollar Index was preparing to end its negative trend above the 34 and 100-day averages before the Fed, it headed into the trend with the Fed and may want to continue to stay below this region for a while. When we evaluate the EURUSD parity in the short term, there is an appearance of re-entering the uptrend. If the parity continues to stay above the 1.0895 - 1.0930 region today and tomorrow, the relevant positive thought can be viewed more warmly, and in such a confirmation case, the 1.1145 peak may occupy our agenda again. Otherwise, in the event that the parity re-prices below the 1.0895 - 1.0930 region, a new expectation can be followed towards the 1.0695 bottom point. Recent movements keep the idea of continuing the process in a positive direction one step ahead. Support: 1.0915 – 1.0895 Resistance: 1.0955 – 1.0980
The GBPUSD pair could not continue the short-term new trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the trend intersection zone (1.2700) and the 34-day average (1.2743) are important, but the pair may want to continue its rise above the relevant zone. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the parity will give at 1.2825 will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that 1.2700 is the main support, but permanent movements below 1.2700 are needed for the pressure to invalidate our current scenario. However, under this condition, the bottom point of 1.2520 may occupy our agenda. Support: 1.2743 – 1.2700 Resistance: 1.2825 – 1.2875
After the US Federal Reserve (Fed) kept its main reference rate at 5.5% as markets generally expected, the Japanese Yen fell sharply to 150.750, then recovered and closed at 151.260. According to the FOMC, US Gross Domestic Product (GDP) growth will be slightly higher than estimated through 2024, and year-end interest rates will likely be higher than previously expected. The USDJPY Parity, which started the new day at 150.900, can technically be followed at 150.990 in intraday upward movements. If this level is exceeded, resistances at 151.24, 151.80 and 152.28 may become important. In possible pullbacks, 150.19, 149.70 and 149.14 will be monitored as support levels. Support: 150,650 - 150,190 Resistance: 151,240 - 151,800
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.41. When we evaluate the USDTRY exchange rate in the short term, the 32.05 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.43, 32.51 and 32.60 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.29) are on the agenda. Support: 32.18 – 32.02 Resistance: 32.43 – 32.51
In the Fed monetary policy statement, after the policy rate was left unchanged, due to the effect of the 10-year Treasury bond yield being pulled back to 4.25%; in the short term, ounce gold displayed a record-breaking outlook (2222.5). Applications for unemployment benefits, Philadelphia Fed manufacturing index, leading service and manufacturing PMIs and existing home sales can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2168 - 2175 region. The upward trend may continue as the precious metal moves above the 2168 - 2175 region. If the upward movements continue, the 2212 and 2223 levels may be encountered. In the meantime, the attitude of the 2223 level, which represents the historical peak, can be monitored in terms of the continuation of the positive expectation. In the alternative outlook, it may be necessary to see permanence below the 2168 - 2175 region for the negative expectation to come to the fore. In this case, pullbacks towards the levels of 2160 and 2150 can be observed. Support: 2175-2168 Resistance: 2212-2223
The profit taking seen in oil futures yesterday was met with purchases again after the US Energy Information Administration announced a 2 million barrel decrease in stocks and the weakening dollar following the Fed statement. The course of European and US stock markets and PMI data can be followed during the day. In the upcoming process, pricing outside the 81.50 - 82.00 region and 4-hour closings can clarify the search for direction. The desire for an increase can come to the fore with the course above 82.00 and 4-hour closings. In this case, 82.50 and 83.00 levels can be targeted. In possible declines, the attitude of the 81.50 support can be followed. The breakdown of this support and 4-hour closings in the region can bring the 81.00 and 80.50 levels to our agenda. Support: 81.00 - 80.50 Resistance: 82.50 - 83.00
The profit taking seen in oil futures yesterday was met with purchases again after the US Energy Information Administration announced a 2 million barrel decrease in stocks and the weakening dollar following the Fed statement. The course of European and US stock markets and PMI data can be followed during the day. In the upcoming process, pricing outside the 86.00 - 86.50 region and 4-hour closings can clarify the search for direction. The desire for an increase can come to the fore with the course above 86.50 and 4-hour closings. In this case, 87.00 and 87.50 levels can be targeted. In possible declines, the attitude of the 86.00 support can be followed. The breakdown of this support and 4-hour closings in the region can bring the 85.50 and 85.00 levels to our agenda. Support: 86.00 - 85.50 Resistance: 87.00 - 87.50
The Fed interest rate decision, which has been expected since the beginning of the week, was announced for NDXUSD yesterday. The Fed kept the interest rate constant in line with market expectations. The Fed, which revised inflation and growth upwards, maintained a hawkish stance in projections while maintaining its 75 basis point cut estimate for this year. The upward revision in growth supported the US indices. The Nasdaq index increased by over 1%. Today, there are PMI data on the calendar, which will be followed for index movements as they are leading data. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18300 region. As long as the index is above the 18300 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18200 - 18100 levels can be followed as support. Support: 18200 – 18100 Resistance: 18400 – 18500
Following the Fed decision announced the other day, there was an increase in European stock markets in parallel with the positive trend in US stock markets. DAXEUR, which started the new day at 18447, can be followed during the day due to possible movements in the US and Euro zone PMI data on the index. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18100, positive expectations are at the forefront. In increases, increases towards the 18400 level can be seen with the 18300 resistance exceeded. If the index cannot receive support from the 18100 level, negative expectations may come to the fore. In this case, downward declining movements towards the 18000 level with support from the 89-period average can be followed. Support: 18100 - 18000 Resistance: 18300 - 18400
Bitcoin made a major correction yesterday and fell below $61,000 thousand dollars intraday. In the evening, after the US Federal Reserve (Fed) kept the main reference rate at 5.5% as the markets generally expected, BTC closed the day above $68,000 with a rapid increase. BTC, which started the new day with a slight seller, is moving around $67,300. We expect BTC, which we think will be volatile today, with a lot of data, is still in the medium term (3 months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 64,000 again, can see a 72,000 movement if it breaks the 69,000 resistance again on a daily basis. If sales increase, the 64,500 support is the strongest support. Support: 64,500 - 62,000 Resistance: 69,000 - 72,000
Natural gas futures, which have been concentrated in the 1.75-1.80 range, supported by weather forecasts since the beginning of the week, are moving close to the lower region of the band before today's inventory figures. PMI data and inventory data to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains at and above the 1.70-1.63 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 1.76 and 1.82 levels may be targeted. In possible decreases, as long as the 1.70-1.63 support level remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 1.70 and 4-hour closings for the continuation of the downward desire. In this case, 1.58 and 1.52 levels may come to the agenda. Support: 1.70-1.63 Resistance: 1.76-1.82
DXY Yesterday, after the US Federal Reserve (Fed) kept the main reference rate at 5.5% as the markets generally expected, DXY fell rapidly and lost value to 103,200, while US Treasury bond yields rose. The DXY Index started the new day with a slight seller. Eyes were drawn to the UK Interest Rate decision and Unemployment Benefits Applications from the US, Philadelphia Fed Manufacturing Index (Mar) and PMI Data. Technically, in the short term, the 200-Day Moving Average range of 103,180 - 102,860 draws attention as the support area. If this range is dropped below, the pullback to the 50-Day Moving Average level of 102,470 may continue. In increases, the 100-Day Moving Average levels of 103,450 and 103,880 can be followed as resistance points. Support: 103,180-102,860 Resistance: 103,450-103,880
For EURUSD, the negative PMI data observed on the European front on the fourth trading day of the week, and the optimistic data set on the US front caused the Classic Dollar Index to reverse the Fed move on Wednesday evening. In a process where we had to make statements that the negative trend ended / continues due to the fluctuations it created around the 34 and 100-day averages, we are observing that the index has moved out of the trend and returned to positive optimism in light of the recent movements. When we evaluate the EURUSD parity in the short term, it did not create a willing course to enter the uptrend. The parity, which is under pressure at the current trend area of 1.0930, is trying to adapt to the new negative outlook. In this respect, the pressure may continue as long as the parity remains below 1.0930. While the levels of 1.0825, 1.0795 and 1.0745 will occupy our agenda, the question of whether there will be a reaction purchase at 1.0795 or a new negative trend rally may also want to find an answer. Support: 1.0825 – 1.0795 Resistance: 1.0875 – 1.0930
The GBPUSD pair could not continue the new short-term trend under the uptrend channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, it did not create a willing course to enter the uptrend. The parity, which is under pressure at the 34-period exponential moving average level of 1.2724, is trying to adapt to the new negative outlook. In this respect, the parity may want to continue to be under pressure as long as it remains below 1.2724. The levels of 1.2605, 1.2565 and 1.2520 will occupy our agenda, as well as the question of whether there will be a reaction purchase at 1.2605 or a new negative trend rally may also want to find an answer. Support: 1.2605 – 1.2565 Resistance: 1.2680 – 1.2724
The Japanese Yen gained some upward momentum in the Asian session yesterday, recovering somewhat from its lowest level since November 2023. DXY rose and returned to 151.600 levels. Nevertheless, upbeat local data could provide good support for the JPY amid speculation that Japanese authorities may intervene to prevent further weakness in the local currency. This, along with the post-FOMC US Dollar (USD) selling trend, is putting heavy downward pressure on the USD/JPY pair. In intraday uptrends, the 151.63 level could be monitored. If this level is broken, resistances at 151.83, 152.07 and 152.28 could become important. In case of a pullback, 151.39, 151.18 and 150.94 will be monitored as support levels. Support: 151.390 - 150.180 Resistance: 151.830 - 152.070
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.15. When we evaluate the USDTRY exchange rate in the short term, the 31.84 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.23, 32.31 and 32.43 levels can be observed. Permanent movements above 32.49 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.33) are on the agenda. Support: 32.00 – 31.82 Resistance: 32.23 – 32.31
Although the US 10-year Treasury bond yield has fallen to 4.24%, gold recorded pricing dominated by the desire for a short-term ounce decline. Fed Chairman Powell's speech during the day can be followed due to its possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2168 - 2185 region, which is currently supported by the 13 (2178) and 34 (2170) period exponential moving average. Permanent pricing above the 2185 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2195 - 2200 range and 2212 levels may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the upward expectation to continue. In order for the negative expectation to come to the fore, permanence below the 2168 level may be required. In possible declines, the 2160 and 2150 levels may be encountered. At this stage, the reaction that the 2144-2150 range will show can be monitored in order for the pullback trend to continue. Support: 2160-2150 Resistance: 2195-2200
Following the short-term supportive effect of the decline in US stocks during the week, profit taking came to the fore in oil futures with the environment provided by the strengthening dollar. With the continuation of the decline in the Asian session, we saw that the course below the short-term averages was consolidated. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains below the 80.90 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 80.00 and 79.50 levels can be targeted. In possible recoveries, as long as the 80.90 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 80.90 and 4-hour closings for the continuation of the upward desire. In this case, 81.50 and 82.00 levels may come to the agenda. Support: 80.00 - 79.50 Resistance: 81.50 - 82.00
Following the short-term supportive effect of the decline in US stocks during the week, profit taking came to the fore in oil futures with the environment provided by the strengthening dollar. With the continuation of the decline in the Asian session, we saw that the course below the short-term averages was strengthened. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains below the 85.50 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 84.50 and 84.00 levels can be targeted. In possible recoveries, as long as the 85.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 85.50 and 4-hour closings for the continuation of the upward desire. In this case, 86.00 and 86.50 levels may come to the agenda. Support: 84.50 – 84.00 Resistance: 86.00 – 86.50
After the FOMC meeting held in the middle of the week, where the Fed did not change interest rates for NDXUSD, risk appetite in global markets increased a little more. While the Nasdaq index closed with a 0.20% premium yesterday, it started the day at 18364 on the futures side today. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18300 region. As long as the index is above the 18300 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18250 - 18130 Resistance: 18400 - 18500
The other day, after the interest rate decision of Switzerland, which was the first bank to take a loosening step among the global major central banks, European indices showed a positive trend. While the DAXEUR index gained 0.90%, today the IFO business climate data can be followed in terms of its impact on index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18200, positive expectations are at the forefront. In increases, increases towards the 18400 level can be seen with the 18300 resistance exceeded. If the index is suppressed under the 18300 resistance and cannot receive support from the 18000 level, negative expectations can come to the fore. In this case, downward deflections towards the 17800 level with support from the 89-period average can be followed. Support: 18100 – 18000 Resistance: 18300 – 18400
Bitcoin gave back some of the rise it experienced yesterday with the Fed Interest Rate Cut Expectations Remaining the Same. Its price, which exceeded $68,000, was pulled back to $64,500 during the day. The biggest share in this was the jump in the Selling pressure on ETFs for the 4th day in a row. Despite the fact that there is a great profit realization in the market, our expectation for BTC is still in the Medium Term (3 Months), that it will benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 64,000 again, can see a 72,000 movement if it breaks the 69,000 resistance again on a daily basis. If sales increase, the 64,500 support is the strongest support. Support: 64,500 - 62,000 Resistance: 69,000 - 72,000
Natural Gas prices traded quietly yesterday after some profit taking on Wednesday, with investors looking to take some profits from long positions taken over the past few weeks. With the combination of recent supply problems and delays in deliveries, European gas reserves are not seeing the expected rapid depletion, which is affecting the price. As long as pricing remains at and above the 1.70-1.63 support level, an upward trend may be at the forefront in the upcoming period. In possible increases, 1.76 and 1.82 levels may be targeted. In possible decreases, as long as the 1.70-1.63 support level remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 1.70 and 4-hour closings for the continuation of the downward desire. In this case, 1.58 and 1.52 levels may come to the agenda. Support: 1.70-1.63 Resistance: 1.76-1.82
DXY suffered major losses on Wednesday after reacting to US Fed Chairman Jerome Powell's statements on the policy outlook. USD struggled to find demand early on Thursday. (BoE) found support again after policy statements and US data releases, managed to climb above 104,000 and closed the day at 104,100. Fed Chairman Powell's Speech will be followed for DXY, which started the last day of the week with sellers. Technically, in the short term, the 200-Day Moving Average range of 103,780 - 103,450 stands out as a support area. If this range is dropped below, the 50-Day Moving Average may continue to retreat to 102,870. In increases, the 100-Day Moving Average levels of 104,450 and 104,880 can be followed as resistance points. Support: 103,780-103,450 Resistance: 104,450-104,880
For EURUSD, despite the volatile pricing behavior of the Classic Dollar Index last week, the fact that it ended the negative outlook by exceeding the reference indicators created pressure on the EURUSD parity. Whether this attitude will continue, the Growth and Inflation theme may be our main focus in the new week dynamics. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the EURUSD parity in the short term, the ending trend zone is under pressure below 1.0930. This attitude strengthens the possibility of a possible pullback to the bottom point of 1.0695. Permanent movements below the level of 1.0790 may confirm this attitude. Otherwise, the idea of a reaction purchase may occupy the agenda. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative below 1.0930. Support: 1.0790 – 1.0745 Resistance: 1.0835 – 1.0870
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. The Growth and Inflation theme may be our main focus. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the GBPUSD pair in the short term, the ending trend zone is under pressure under 1.2724. This attitude strengthens the possibility of a possible pullback towards the 1.2520 bottom. The continuation of the course under the 1.2625 level may confirm this attitude. Otherwise, the thought of a reaction purchase may occupy the agenda. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative under 1.2724. Support: 1.2585 – 1.2520 Resistance: 1.2625 – 1.2680
The Japanese Yen consolidated around 151.60 last week and is struggling to break above its November 2023 high of 151.91. The threat of foreign exchange intervention is providing support to the JPY. Japanese Finance Minister Shunichi Suzuki has warned again that he is ‘monitoring forex movements with a high sense of urgency’. Japan’s February CPI data suggests that the bar remains high for an aggressive BOJ tightening cycle. Intraday downtrends could see 151.26. If this level is broken, supports at 151.10, 150.89 and 150.72 could become important. In potential uptrends, resistance levels at 151.47, 151.64 and 151.85 will be monitored. Support: 151.110 - 150.890 Resistance: 151.470 - 151.640
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.98. When we evaluate the USDTRY exchange rate in the short term, the 31.75 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.15, 32.23 and 32.31 levels can be observed. Permanent movements above 32.43 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.37) are on the agenda. Support: 31.82 – 31.62 Resistance: 32.15 – 32.23
With the effect of limiting the declines of 4.2% in the US 10-year Treasury bond yield; ounce gold recorded an outlook that suppressed the increases in the short term. When we technically evaluate the short-term pricing of ounce gold, we are following the 2160 - 2175 region, which is currently supported by the 13 (2172) and 34 (2169) period exponential moving averages. As the precious metal forms within the 2160 - 2175 region, the decision stage scenario may be valid. Permanent pricing above the 2175 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2185 level and the 2195 - 2200 range may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the increase expectation to continue. Permanence below the 2160 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2150 and 2144 may be encountered. At this stage, the reaction that the 2144 - 2150 range will show can be monitored in order for the withdrawal trend to continue. Support: 2160-2150 Resistance: 2195-2200
Oil futures started the week on an uptrend. India’s announcement that it would not import from Russia’s state-run Sovcomflot PJSC refinery due to concerns about sanctions was closely followed. For the past few days, we have been discussing the continuation of OPEC+ cuts, Ukraine’s drone attacks on Russia, and the Middle East agenda. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 80.00 – 80.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, the 81.50 and 82.00 levels may be targeted. In possible decreases, as long as the 80.00 – 80.50 support level remains current, new uptrend potential may occur. Therefore, it may be necessary to see the course below 80.00 and 4-hour closings for the continuation of the downtrend. In this case, the 79.50 and 79.00 levels may be on the agenda. Support: 80.50 – 80.00 Resistance: 81.50 – 82.00
Oil futures started the week on an uptrend. India's announcement that it would not import from Russia's state-run Sovcomflot PJSC refinery due to concerns about sanctions was closely followed. Since the past few days, we have been talking about the continuation of OPEC+ cuts, Ukraine's drone attacks on Russia and the Middle East agenda. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 84.50 - 85.00 support level in the upcoming process, an upward trend may be at the forefront. In possible increases, 86.00 and 86.50 levels can be targeted. In possible decreases, as long as the 84.50 - 85.00 support level remains current, new uptrend potential may occur. Therefore, it may be necessary to see the course below 84.50 and 4-hour closings for the continuation of the downtrend. In this case, 84.00 and 83.50 levels may come to the agenda. Support: 85.00 – 84.50 Resistance: 86.00 – 86.50
The NDXUSD had risen after the FOMC meeting, which was perceived as more dovish than expected by the market last week. The stock market will be closed due to Good Friday being the last trading day of the week. On the same day, the US PCE data, which is the most critical data of the week, will be released. The data, which is one of the inflation indicators that the Fed pays most attention to and is expected to increase on a monthly basis, will be the primary headline to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18250 – 18130 Resistance: 18400 – 18500
DAXEUR, which carried its gains to the ninth consecutive week with the week we left behind, opened the first trading day of the new week at 18211. Eurozone data is not intensive in terms of the economic calendar this week, but the US PCE data to be announced on the last trading day of the week can be followed for index movements. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18100, positive expectations are at the forefront. In increases, increases towards the 18400 level can be seen with the surpassing of the 18300 resistance. If the index cannot receive support from the 18200 level, negative expectations may come to the fore. In this case, downward deflections towards the 18000 level with support from the 89-period average can be followed. Support: 18100 – 18000 Resistance: 18300 – 18400
Bitcoin left behind the most volatile week of the last 3 years. Last week, it saw a high of $ 73,300 and a low of $ 60,000. BTC, which recovered some of the losses over the weekend, closed at $ 67,000 yesterday. The most critical data of the week for BTC, which started the new week at $ 67,600, will be the US PCE data to be announced on Friday. Our expectation is still in the Medium Term (3 Months), that it will benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 64,000 again, breaks the 69,000 resistance on a daily basis, we can see a 72,000 movement. If sales increase, the 64,500 support is the strongest support. Support: 64,500 - 62,000 Resistance: 69,000 - 72,000
For NGCUSD, updates indicating that the weather will be warmer than previously expected in the US in the next two weeks have been effective in suppressing natural gas futures. In addition to the expectation that this will be reflected in natural gas stocks, the fact that gas flow from the Freeport LNG facility is not yet expected to be high also supports this picture. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains below the 1.72 resistance in the upcoming period, a downward view may be in the foreground. In possible declines, 1.66 and 1.61 levels can be targeted. In possible recoveries, as long as the 1.72 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.72 and 4-hour closings for the continuation of the upward desire. In this case, 1.78 and 1.83 levels may come to the agenda. Support: 1.66 - 1.61 Resistance: 1.72 - 1.78
DXY Closed Positive Weekly After 3 Weeks Last Week. Instead of heading towards the expected 102.00 level, it seems intent on retesting the February high of 105.00. Despite the focus on central bank expectations, broader dollar gains are slightly ahead of interest rate changes. Technically, in the short term, the 200-day moving average of 103.980 - 103.650 stands out as a support area. If this range is broken, the pullback to the 50-day moving average of 103.370 may continue. On the rise, the 100-day moving average of 104.650 and 105.080 levels can be followed as resistance points. Support: 103.980-103.650 Resistance: 104.650-105.080
03/25/2024 10:45 The highest weekly entry into gold ETFs since March 2023… Last week, with the effect of the Fed meeting, the S&P 500 achieved its best weekly return of the year. The index made a 2.3% premium on a weekly basis. When we look at the returns of stock indices on the US side since the beginning of the year, the “tech-intensive” Nasdaq 100 stands out. Although the equally weighted S&P 500 index and the Russell 2000 index, which also includes small-cap companies, started to close the gap with other indices as of the second half of March, they are still behind. The US 2023 4th Quarter final revision to be announced this week is especially important for these two indices. With the 2024 1st Quarter increase in the S&P 500, analysts are revising their 2024 target prices upwards. Most recently, Societe General updated its 2024 target to 5,500. The fact that the index is trading at record levels also revives IPOs that entered a “sleep period” with 2022. In March, Astra Labs and Reddit offerings in the US markets offered very good “first day” premiums to participants. On the other hand, stock sales by technology company founders and/or senior management began to increase. This side is a “risk factor” that needs to be followed closely. On Friday, the dollar index strengthened and precious metals experienced profit taking after the Atlanta Fed president shared his policy rate expectations for 2024. We maintain our view that the strengthening trend in the “dollar index” (2022-2024) will end in the long term after the BoJ made its first interest rate increase in 17 years and Powell held a press conference last week. In long-term thoughts in the dollar index, declines are no longer “buy”. Increases are “sell”. Today, the People's Bank of China made its daily Yuan fixing better than the market (in favor of the Yuan). Although gold and silver faced profit sales on Friday, the chart below is very important in terms of “precious metals”. There was a weekly inflow in gold ETFs after a long time. The ETF side was a negative point for gold this year. If ETFs start to get into the ball along with the Central Bank purchases, it may go to our 2024 target of $2,400 ounce earlier than we think. Maintaining the supports of $2,135 ounce for gold and $24.5 ounce for silver is important for the upward movement not to lose momentum. Leveraged funds are positioned in futures markets. Both gold and silver were in the highest “net long” position of the last year. The decline experienced on Friday indicates some “profit sales”. However, the trend has not changed… Another issue that caught my attention in March is the strong demand for corporate bonds. Inflows into corporate bonds in the US are experiencing their fastest month since 2020. The extra yield offered by both high yield and investment grade corporate bonds compared to treasuries is decreasing due to “high” demand… This week, the US Q4'23 growth data revision and PCE data are the highlights. Many global stock markets will be closed on Friday. We have started a 4-day trading week…
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. The Growth and Inflation theme may be our main focus. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the GBPUSD pair in the short term, the pressure under 1.2724 continues despite the recent recovery. This attitude strengthens the possibility of a possible pullback to the 1.2520 bottom. The continuation of the course under the 1.2620 level may confirm this attitude. Otherwise, the idea of reaction buying may occupy the agenda, and the recent increases are the most vivid example of this situation. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative under 1.2724. Support: 1.2620 – 1.2580 Resistance: 1.2665 – 1.2724
The USD/JPY pair is back within touching distance of multi-year highs just below 152.00. It gained value despite Japan’s currency chief Masato Kanda’s intervention speech fueling speculation that Japanese authorities are about to use market operations to support their currencies. The rise is causing confusion after the Bank of Japan’s (BoJ) historic decision to raise interest rates for the first time since 2007 at its policy meeting last Tuesday. The 151.36 level can be monitored in intraday downward movements. If this level is broken, supports at 151.26, 151.12 and 151.02 could become important. In possible increases, resistance levels at 151.49, 151.60 and 151.73 will be monitored. Support: 151,260 - 151,120 Resistance: 151,490 - 151,600
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.17. When we evaluate the USDTRY exchange rate in the short term, the 31.82 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.23, 32.31 and 32.43 levels can be observed. Permanent movements above 32.51 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.40) are on the agenda. Support: 32.02 – 31.82 Resistance: 32.31 – 32.43
Due to the limited movement of the US 10-year Treasury bond yield around 4.23%; ounce gold recorded relatively horizontal pricing in the short term. Durable goods orders, S&P housing price index, Conference Board consumer confidence and Richmond Fed manufacturing index can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2160 - 2175 region. Permanent pricing above the 2175 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2185 level and the 2195 - 2200 range may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the upward expectation to continue. Permanence below the 2160 level may be required for the negative expectation to come to the fore. In possible declines, the 2150 and 2144 levels may be encountered. At this stage, the reaction that the 2144-2150 range will show can be monitored in order for the pullback trend to continue. Support: 2160-2150 Resistance: 2195-2200
While oil prices are trying to maintain their gains with geopolitical risks, they are also supported by speculation that OPEC+ will not change its production cut policy. The organization is expected to meet next week. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 81.00 - 81.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 82.50 and 83.00 levels can be targeted. In possible decreases, as long as the 81.00 - 81.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 81.00 and 4-hour closings for the continuation of the downward desire. In this case, the 80.50 and 80.00 levels may come to the agenda. Support: 81.50 - 81.00 Resistance: 82.50 - 83.00
While oil prices are trying to maintain their gains with geopolitical risks, they are also supported by speculation that OPEC+ will not change its production cut policy. The organization is expected to meet next week. The course of European and US stock markets can be followed during the day. As long as pricing remains at and above the 86.00 - 85.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 87.50 and 87.00 levels can be targeted. In possible decreases, as long as the 85.00 - 85.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 85.00 and 4-hour closings for the continuation of the downward desire. In this case, 84.50 and 84.00 levels may come to the agenda. Support: 86.00 - 85.50 Resistance: 87.00 - 87.50
For NDXUSD, US stock markets completed the first trading day of the new week with a sell-off, while the Nasdaq index closed the day negative by 0.20%. The stock market will be closed due to Good Friday being the last trading day of the week. On the same day, the US PCE data, the most critical data of the week, will be released. The data, which is one of the inflation indicators that the Fed pays most attention to and is expected to increase on a monthly basis, will be the primary headline to be followed for index movements this week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18250 – 18130 Resistance: 18400 – 18500
In the week when there is no effective data flow for European markets, all eyes will be on the US PCE data for European stock markets. Since Friday is Good Friday, the European stock market will be closed, therefore, volatile movements can be observed in the indices due to the shallow market. When we examine the short-term chart of the DAXEUR index technically, we are following the 18100 - 18200 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18100, positive expectations are at the forefront. In increases, increases towards the 18400 level can be seen with the 18300 resistance exceeded. If the index cannot receive support from the 18200 level, negative expectations can come to the fore. In this case, downward deflections towards the 18000 level can be followed with support from the 89-period average. Support: 18100 - 18000 Resistance: 18300 - 18400
Bitcoin gained over 8% yesterday with the position turning positive again in ETFs and managed to rise to $71150 at the American close. Afterwards, BTC, which closed the day around $70700 with a certain profit sale, started the new day around $70300. The most critical data of the week in BTC will be the US PCE data to be announced on Friday. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 64000 again, can see a 72000 Movement if it breaks the 69000 resistance again on a daily basis, if sales increase, the 64500 support is the strongest support. Support: 69000 - 67000 Resistance: 72000 - 76000
The US natural gas futures contract for NGAS has been in a tight spot following the decline that occurred yesterday. The fact that the weather forecasts for the upcoming period are not yet supportive had an impact on yesterday's declines. The course of the European and US stock markets can be followed during the day. The course of the European and US stock markets can be followed during the day. As long as the pricing remains below the 1.72 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 1.66 and 1.61 levels can be targeted. In possible recoveries, as long as the 1.72 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 1.72 and 4-hour closings for the continuation of the upward desire. In this case, the levels of 1.78 and 1.83 may come to the agenda. Support: 1.66 - 1.61 Resistance: 1.72 - 1.78
DXY gave up some of its recent strong gains yesterday, closing the day at 104.220, and started the new day on a slight sell-off. DXY seems intent on retesting the February high of 105.00, as the Fed is not expected to cut interest rates by 75 basis points this year. Despite the focus on central bank expectations, broader dollar gains are slightly ahead of interest rate changes. Technically, the 200-day moving average of 103.980 - 103.650 is a support area in the short term. If this range is broken, the pullback to the 50-day moving average of 103.370 may continue. On increases, the 100-day moving average of 104.650 and 105.080 levels can be followed as resistance points. Support: 103,980-103,650 Resistance: 104,650-105,080
For EURUSD, the fact that the Classic Dollar Index ended its short-term pressure on the second trading day of the week has ensured that the trend-oriented thinking structure of EURUSD and GBPUSD pairs remains at the forefront. Although the area of movement is limited on both the index and the pairs side, it is important to follow the trend-oriented course. While the 34 and 100-day averages (103.35 area) maintain their importance on the DXY side in terms of how eager they are in the said trend expectation, the important macro-economic developments that we will follow in the remaining days of the week should be followed carefully. When we evaluate the EURUSD pair in the short term, the pressure below 1.0930 continues despite the recent recovery. This attitude strengthens the possibility of a possible pullback to the 1.0695 bottom point. Permanent movements below 1.0790 may confirm this attitude. Otherwise, the thought of reaction buying may occupy the agenda. Even if such a reaction occurs, it should not be forgotten that the short-term expectation is negative below 1.0930. Support: 1.0790 – 1.0745 Resistance: 1.0870 – 1.0930
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. The Growth and Inflation theme may be our main focus. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the GBPUSD pair in the short term, the pressure below 1.2724 continues. This attitude strengthens the possibility of a possible pullback to the 1.2520 bottom. The continuation of the course below 1.2620 may confirm this attitude. Otherwise, the idea of reaction buying may occupy the agenda, and the recent increases are the most vivid example of this situation. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative below 1.2724. Support: 1.2590 – 1.2520 Resistance: 1.2645 – 1.2724
The Classic Dollar Index, which has been struggling significantly for EURUSD recently and has seen a significant squeeze in EURUSD and GBPUSD pairs, has been under pressure below the 34 and 100-day exponential moving averages (103.50) as of yesterday, allowing the US Dollar to remain weak against developed and developing country currencies. When we evaluate the EURUSD pair in the short term, the 1.0860 level is important for the pair, which has strengthened its movements in the positive region together with the pressure on the DXY side, and the pair may want to continue its rise above the relevant region. With this in mind, movement towards the barriers of 1.0930, 1.0965 and 1.1000 may continue. Otherwise, pressure towards the 1.0860 support may be observed. In such a pressure, it should not be forgotten that permanent movements below the 1.0860 level are needed for our current scenario to be considered invalid. However, with this condition, a new expectation may arise towards the 1.0695 bottom point. Support: 1.0860 – 1.0835 Resistance: 1.0930 – 1.0965
The USD/JPY pair is back within touching distance of multi-year highs just below 152.00. It gained value despite Japan’s currency chief Masato Kanda’s intervention speech fueling speculation that Japanese authorities are about to use market operations to support their currencies. The rise is causing confusion after the Bank of Japan’s (BoJ) historic decision to raise interest rates for the first time since 2007 at its policy meeting last Tuesday. The 151.68 level can be monitored in intraday upward movements. If this level is broken, the 151.92, 152.21 and 152.44 resistances could become important. In possible pullbacks, the 151.40, 151.16 and 150.88 support levels will be monitored. Support: 151,400 - 151,160 Resistance: 151,920 - 152,210
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 1.2653 - 1.2675 region where the 200-period average is located is important, and the pair may want to continue its rise above the relevant region. With this in mind, the 1.2775 and 1.2825 levels occupy our agenda, and the question of whether the reaction the parity will give at the 1.2825 peak will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, it should not be forgotten that while the average is the main support, permanent movements below the 1.2653 - 1.2675 region are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2675 – 1.2653 Resistance: 1.2775 – 1.2825
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.22. When we evaluate the USDTRY exchange rate in the short term, the 31.86 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.23, 32.31 and 32.43 levels can be observed. Permanent movements above 32.51 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.44) are on the agenda. Support: 32.02 – 31.82 Resistance: 32.31 – 32.43
The USD/JPY pair fell sharply to 148.50 in Wednesday's London session. The Japanese Yen strengthened after Jiji News Agency reported that some members of the Bank of Japan's (BoJ) Monetary Policy Committee (MPC) would support an exit from the ultra-loose monetary policy stance at the March policy meeting, while the asset came under pressure. Meanwhile, the US Dollar is weakening amid rising market expectations that the Federal Reserve (Fed) will cut interest rates at the June policy meeting. Technically speaking. The 148.78 level can be monitored in intraday upward movements. If this level is broken, resistances at 149.15, 149.83 and 150.20 may become important. In possible pullbacks, support levels will be monitored at 148.11, 147.73 and 147.06. Support: 148,110 - 147,730 Resistance: 148,780 - 149,150
In the middle of the week; due to the limited movement of the US 10-year Treasury bond interest rate around 4.23%; ounce gold recorded relatively horizontal pricing in the short term. When we technically evaluate the short-term ounce gold pricing, we are following the 2168 - 2185 region, which is currently supported by the 13 (2176) and 34 (2173) period exponential moving average. As the precious metal forms within the 2168 - 2185 region, the decision stage scenario may be valid. Permanent pricing above the 2185 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2195 - 2200 range and the 2212 level may come to the agenda. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the upward expectation to continue. Permanence below the 2168 level may be required for the negative expectation to come to the fore. In possible declines, the levels of 2160 and 2150 may be encountered. At this stage, the reaction that the 2144 - 2150 range will show can be monitored in order for the withdrawal trend to continue. Support: 2160-2150 Resistance: 2195-2200
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.83. When we evaluate the USDTRY exchange rate in the short term, the 31.42 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.88, 31.96 and 32.06 levels can be observed. Permanent movements above 31.94 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.85) are on the agenda. Support: 31.56 – 31.42 Resistance: 31.88 – 31.96
While the American Petroleum Institute's announcement of a 9.3 million barrel increase in crude oil stocks put pressure on oil prices, we saw an attempt to slow this down in the Asian session. However, the course of European and US stock markets during the day and the stock figures to be announced by the US Energy Information Administration may be effective in determining whether this situation will continue. As long as pricing remains at and above the 80.50 - 81.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 81.50 and 82.00 levels may be targeted. In possible decreases, as long as the 80.50 - 81.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 80.50 and 4-hour closings for the continuation of the downward desire. In this case, the 80.00 and 79.50 levels may be on the agenda. Support: 80.50 - 80.00 Resistance: 81.50 - 82.00
Following the ADP non-farm payrolls change and JOLTS job opportunities data, the US 10-year Treasury bond yield has fallen to 4.11%, and in the short term, the ounce of gold has risen to an all-time high. The ECB monetary policy statement, unemployment benefit applications and Fed Chair Powell's speech can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2133 - 2144 region, which is currently supported by the 13 (2134) period exponential moving average. As long as the precious metal suppresses the pullback desire in the 2133 - 2144 region, the upward desire may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2160 and 2175 levels. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2133 - 2144 region. In this case, the possible declines may encounter the levels 2118 and 2110. Support: 2144-2133 Resistance: 2160-2175
While the American Petroleum Institute's announcement of a 9.3 million barrel increase in crude oil stocks put pressure on oil prices, we saw an attempt to slow this down in the Asian session. However, the course of European and US stock markets during the day and the stock figures to be announced by the US Energy Information Administration may be effective in determining whether this situation will continue. As long as pricing remains at and above the 84.50 - 85.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 85.50 and 86.00 levels may be targeted. In possible decreases, as long as the 84.50 - 85.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 84.50 and 4-hour closings for the continuation of the downward desire. In this case, the 84.00 and 83.50 levels may come to the fore. Support: 85.00 - 84.50 Resistance: 86.00 - 86.50
Oil futures contracts followed a calm course in the Asian session after encountering resistance again in the increases they made yesterday and then declined. While the Houthis' ongoing attacks in the Black Sea kept tensions high, the US Energy Information Administration's announcement of a 1.4 million barrel increase in stocks had created pressure. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 78.00 - 78.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 79.50 and 80.00 levels can be targeted. As long as possible decreases are limited to the 78.00 - 78.50 support level, new upside potential may occur. Therefore, it may be necessary to see the course below 78.00 and 4-hour closings for the continuation of the downward desire. In this case, the 77.50 and 77.00 levels may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00
For NDXUSD, the markets focused on the PCE data to be announced on Friday, when the stock market will be closed due to Good Friday. While risk appetite was limited before the data, the Nasdaq index could not maintain its intra-session gains and completed the day in the 0.42% negative region. While a monthly increase is expected in the US PCE data to be announced on Friday, the data, which is one of the inflation indicators that the Fed pays most attention to, will be the primary headline to be followed for index movements this week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18200 – 18110 Resistance: 18400 – 18500
Oil futures contracts followed a calm course in the Asian session after encountering resistance again in the increases they made yesterday and falling. While the Houthis' ongoing attacks in the Black Sea kept tensions high, the US Energy Information Administration's announcement of a 1.4 million barrel increase in stocks created pressure. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 82.00 - 82.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 83.50 and 84.00 levels can be targeted. As long as possible decreases are limited to the 82.00 - 82.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.00 and 4-hour closings for the continuation of the downward desire. In this case, the 81.50 and 81.00 levels may come to the agenda. Support: 82.50 - 82.00 Resistance: 83.50 - 84.00
The day we left behind was positive in European stock markets. This week, all eyes are on the US PCE data for European stock markets. DAXEUR started the new day at 18406. Since Friday is Good Friday, the European stock market will be closed, therefore, volatile movements can be observed in the indices due to the shallow market. When we examine the short-term chart of the DAXEUR index technically, we are following the 18300 - 18400 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18400, positive expectations are at the forefront. In increases, increases towards the 18600 level can be seen with the 18500 resistance being overcome. If the index is suppressed around the 18500 resistance and cannot receive support from the 18300 level, negative expectations can come to the fore. In this case, downward deflections towards the 18000 level with support from the 89-period average can be followed. Support: 18300 – 18200 Resistance: 18500 – 18600
For NDXUSD The signals that the US employment market is cooling supported the US indices the other day, while the Nasdaq index could not maintain its intraday gains. While Fed Chairman Powell used a similar tone in his statements, he emphasized that they are loyal to the inflation target and expect a decrease for this year. We will be following Chairman Powell's statements today. When we technically examine the short-term pricing of the Nasdaq index futures contract, negative expectations are at the forefront as long as the index is below the 17800 - 17900 region. The 17700 region, which previously worked as support in declines, can be followed as a control region. For positive expectations, the index may need to maintain its persistence above the 18000 resistance. In this case, increases towards the 18100 - 18200 levels can be observed. Support: 17900 - 17800 Resistance: 18000 - 18100
According to Bitcoin CoinShares data, last week there was a record outflow of $942 million from global crypto funds. Although it did not affect the price too much, it managed to rise to $71600 at the American close. Afterwards, BTC, which closed the day around $69400 with a certain profit sale, started the new day around $70000. The most critical data of the week in BTC will be the US PCE data to be announced on Friday. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 68000 again, can see a 72000 Movement if it breaks the 69000 resistance again on a daily basis. If sales increase, the 64500 support is the strongest support. Support: 69000 - 67000 Resistance: 72000 - 76000
The DAXEUR index, which has been tightening around the 20-period exponential moving average since the beginning of the week and has created a limited movement area, managed to end yesterday with a limited positivity of 0.10%. After the ECB interest rate decision to be announced today, Lagarde's statements will be closely monitored for the DAXEUR index movements that have adapted to a horizontal course. When we examine the short-term chart of the DAXEUR index technically, we are following the 17600 -17700 region with support from the 20-period exponential moving average. As long as the index moves above the relevant region, positive expectations are at the forefront. In increases, increases towards 17800 and then 17900 can be seen. In the alternative scenario, it can be expected that the index will fall below the 17600 -17500 level for negative expectations in the possible suppression around the 17800 resistance and the pullbacks will accelerate. Support: 17600 – 17500 Resistance: 17800 – 17900
For NGAS, it is trading higher on Tuesday after the attacks targeting both gas and oil storage facilities between Ukraine and Russia intensified over the weekend. Meanwhile, the understanding between the US and Israel in the Middle East is falling to a low level after the US refrained from vetoing the ceasefire agreement in the UN Security Council. While this situation increases tensions in both the Middle East and Ukraine, investors are pricing in the possibility of increased supply cuts. In the upcoming period, as long as the prices remain below the 1.72 resistance, a downward outlook may be at the forefront. In possible declines, 1.64 and 1.59 levels may be targeted. In possible recoveries, as long as the 1.72 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.72 and 4-hour closings for the continuation of the upward desire. In this case, 1.78 and 1.83 levels may come to the agenda. Support: 1.64 - 1.59 Resistance: 1.72 - 1.78
Bitcoin's All-Time ATH on Tuesday, In other words, we finally saw $69,000, then with the massive sale that followed, it fell $10,000 and came to $59,000 and recovered. BTC, which provided very high volatility yesterday, closed the day at $65,200. BTC, which started the new day with an increase, is currently trading around $65,850. Will It Be 100K After the Weekly Close? Powell's speeches and Non-Farm Employment data from the US will be effective this week, if the data is not negative and does not correct, why not. Our expectation is still in the Medium Term (3 Months), BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 61,000, breaks the 67,000 resistance again, we can see a 69,000 Movement, if sales increase, the 64,500 support is the strongest support. Support: 64500 – 63100 Resistance: 67000 – 69000
DXY continued its recent strong gains yesterday and closed the day at 104.320. DXY started the new day on a slight sell-off. DXY seems intent on retesting the February high of 105.00 as the Fed is not expected to cut interest rates by 75 basis points this year. Despite the focus on central bank expectations, broader dollar gains are slightly ahead of interest rate changes. Technically, the 200-day moving average of 103.980 - 103.650 stands out as a support area in the short term. If this range is broken, the pullback to the 50-day moving average of 103.370 may continue. On increases, the 100-day moving average of 104.650 and 105.080 levels can be followed as resistance points. Support: 103,980-103,650 Resistance: 104,650-105,080
The International Monetary Fund (IMF) reported that the volume of trade in the Suez Canal decreased by 50 percent annually in the first two months of the year. The IMF blog post reported that attacks in the Red Sea disrupted global trade. The post noted that global trade had been disrupted in the past few months due to disruptions in two critical shipping routes, and that attacks on ships passing through the Red Sea had reduced traffic in the Suez Canal, which is normally where about 15 percent of global maritime trade passes and is the shortest sea route between Asia and Europe. The post noted that some shipping companies were diverting their ships to the Cape of Good Hope, adding that this situation was increasing delivery times by an average of 10 days or more and was damaging to companies with limited stocks. The post noted that the volume of trade in the Suez Canal decreased by 50 percent in the first two months of the year compared to the same period last year, while it was estimated that the volume of trade in the Cape of Good Hope increased by 74 percent in the same period. Trade in the Panama Canal down 32 percent due to drought The article reported that the severe drought in the Panama Canal has forced authorities to impose restrictions that have significantly reduced daily ship passages since October of last year, slowing maritime trade at the key point through which approximately 5 percent of global maritime trade passes. The article noted that the volume of trade in the Panama Canal also fell by almost 32 percent compared to last year. The article noted that in the first two months of the year, there was a 6.7 percent decrease in voyages to 70 ports in Sub-Saharan Africa compared to last year, while in the European Union and the Middle East and Central Asia, there was a 5.3 percent decrease. The article noted that these declines likely reflect the temporary effects of longer shipping times. The IMF blog post warned that if these disruptions persist, they could pose temporary obstacles for some supply chains in the affected countries and could put upward pressure on inflation, in part due to higher shipping costs.
The fluctuating but calm course of the Classic Dollar Index has also kept the EURUSD parity calm. It is important to follow the course in line with the trend. While the 34 and 100-day averages (103.45 region) maintain their importance on the DXY side, the important macro-economic developments that we will follow in the remaining days of the week should be followed carefully. Today, US and UK Growth, US Unemployment Claims, and tomorrow, the US PCE Deflator data are the most important agenda items of the week, and both the index and the parities may follow a more active process with the relevant developments. When we evaluate the EURUSD parity in the short term, the pressure below 1.0930 continues. This attitude strengthens the possibility of a possible pullback to the bottom point of 1.0695. Permanent movements below 1.0790 may confirm this attitude. Otherwise, the idea of reaction buying may occupy the agenda, and the recent increases are the most vivid examples of this situation. Even if such a reaction occurs, it should not be forgotten that the short-term expectation is negative below 1.0930. Support: 1.0790 – 1.0745 Resistance: 1.0870 – 1.0930
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. The Growth and Inflation theme may be our main focus. Growth from the US, Canada and the UK, and the PCE Inflation from the US, which the Fed closely follows, were recorded as the most important calendar data of the week. When we evaluate the GBPUSD pair in the short term, the pressure under 1.2724 continues. This attitude strengthens the possibility of a possible pullback towards the 1.2520 bottom. In particular, the continuation of the course under the 34-period exponential moving average may confirm this attitude. Otherwise, the idea of reaction buying may occupy the agenda, and the recent increases are the most vivid example of this situation. It should not be forgotten that even if such a reaction occurs, the short-term expectation is negative under 1.2724. Support: 1.2590 - 1.2520 Resistance: 1.2645 - 1.2724
We are in the last trading day of an important week for EURUSD. The pricing behavior, which has caused the US Dollar to remain weak against developed and developing country currencies by being under pressure from the 34 and 100-day exponential moving averages (103.50) of the Classic Dollar Index, is at the forefront, and the desire to rise in the EURUSD parity is at the forefront. When we evaluate the EURUSD parity in the short term, the bottom point of the uptrend channel, 1.0895, is important, but the parity may want to continue its rise above the relevant region. With this in mind, movement may continue towards the barriers of 1.1000 and 1.1045, especially 1.0965. In particular, permanent movements above the 1.0965 level may further strengthen the current uptrend, and with this confirmation, a new expectation towards the 1.1145 peak may occupy the agenda. Otherwise, pressure towards the 1.0895 support may be observed. However, under this condition, a new expectation may occur towards the 1.0795 bottom point. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000
USD/JPY reached 152.00 yesterday morning, testing Japan's tolerance for foreign exchange intervention, then profit taking came, fell back to 151,000, then recovered a bit and closed the day at 151.250. JPY, which started the new day on a sell-off, is causing confusion after the Bank of Japan's (BoJ) historic decision to raise interest rates for the first time since 2007 at its policy meeting held last Tuesday. The 151.38 level can be followed in intraday upward movements. If this level is exceeded, the 151.51, 151.68 and 151.80 resistances may become important. In possible pullbacks, 151.21, 151.08 and 150.92 will be monitored as support levels. Support: 151,210 - 151,080 Resistance: 151,510 - 151,680
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the short-term GBPUSD pair, the 1.2720 level is important, but the pair may want to continue its rise above the relevant region. With this in mind, the levels of 1.2825, 1.2875 and 1.2930 occupy our agenda, and the question of whether the reaction the pair will give at the 1.2825 peak will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, the 1.2720 level is the main support, but it should not be forgotten that permanent movements below the 1.2720 region are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2520 bottom point may occupy our agenda. Support: 1.2775 – 1.2720 Resistance: 1.2825 – 1.2875
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.31. When we evaluate the USDTRY exchange rate in the short term, the 31.93 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 32.31, 32.43 and 32.51. Permanent movements above 32.51 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.48) are on the agenda. Support: 32.12 – 31.92 Resistance: 32.43 – 32.51
The USD/JPY pair fell below 148.00 in the European session on Thursday as expectations that the Bank of Japan (BoJ) will lift negative interest rates increased. Rising expectations that the BOJ will return to policy normalization due to the improved wage outlook strengthened the Japanese Yen. The Japanese administration and some BOJ policymakers say they expect a positive wage cycle that will keep inflation stable above the 2% target. Technically speaking, the 147.84 level can be monitored in intraday downward movements. If this level is broken, supports at 147.56, 147.25 and 146.97 may become important. In possible increases, the 148.16, 148.44 and 148.75 resistance levels will be monitored. Support: 147.560 - 147.250 Resistance: 148.160 - 148.440
With the support of the decline in the US 10-year Treasury bond yield towards 4.21%; ounce gold recorded upward pricing in the short term. During the day, growth rate and deflator, unemployment benefit applications, Chicago PMI, and Michigan consumer sentiment can be monitored due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2175 - 2185 region, which is currently supported by the 13 (2185) and 34 (2178) period exponential moving average. As long as the precious metal limits the downward demand in the 2175 - 2185 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2200 and 2212 levels. In the meantime, the attitude of the 2195 - 2200 range can be monitored in order for the upward expectation to continue. In the alternative view, in order for the downward trend to become dominant, permanent pricing below the 2175 - 2185 region may be needed. In this case, movements towards the 2168 and 2160 levels can be monitored. Support: 2185-2175 Resistance: 2200-2212
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.95. When we evaluate the USDTRY exchange rate in the short term, the 31.53 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.99, 32.07 and 32.17 levels can be observed. Permanent movements above 32.17 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.85) are on the agenda. Support: 31.88 – 31.62 Resistance: 32.07 – 32.17
The US Energy Information Administration's announcement of a 3.2 million barrel increase in stocks was supportive for oil futures compared to the American Petroleum Institute's announcement of a 9.3 million barrel increase. On the other hand, OPEC+'s extension of the production cut agreement was the most talked about topic for the positive performance in the first quarter. The course of European and US stock markets can be followed during the day. As long as the pricing remains at and above the 80.50 - 81.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 82.00 and 82.50 levels can be targeted. In possible decreases, as long as the 80.50 - 81.00 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 80.50 and 4-hour closings for the continuation of the downward desire. In this case, the 80.00 and 79.50 levels may be on the agenda. Support: 81.00 - 80.50 Resistance: 82.00 - 82.50
On the last trading day of the week, despite the US 10-year Treasury bond yield falling to 4.08%, ounce gold displayed relatively limited pricing in the short term. Unemployment rates, average hourly earnings and non-farm employment changes can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2144 - 2150 region, which is currently supported by the 13 (2147) period exponential moving average. As long as the precious metal suppresses the pullback desire in the 2144 - 2150 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2160 and 2175 levels. At this stage, the attitude of the 2160 level can be monitored in terms of the continuation of the upward expectation. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2144 - 2150 region. In such a case, the 2133 and 2118 levels may be encountered in possible declines. Support: 2144-2133 Resistance: 2160-2175
The US Energy Information Administration's announcement of a 3.2 million barrel increase in stocks was supportive for oil futures compared to the American Petroleum Institute's announcement of a 9.3 million barrel increase. On the other hand, the OPEC+ extension of the production cut agreement was the most talked about topic for the positive performance in the first quarter. The course of European and US stock markets can be followed during the day. As long as the pricing remains at and above the 84.50 - 85.00 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 86.00 and 86.50 levels can be targeted. In possible decreases, as long as the 84.50 - 85.00 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 84.50 and 4-hour closings for the continuation of the downward desire. In this case, the 84.00 and 83.50 levels may be on the agenda. Support: 85.00 - 84.50 Resistance: 86.00 - 86.50
Oil futures contracts showed an upward trend due to the disruption in the Keystone pipeline that provides oil flow from Canada to the US. During the week, OPEC+'s decision to extend the production cut and the high course of geopolitical risks supported oil prices. The course of European and US stock markets can be followed during the day. In the upcoming process, as long as the prices remain at and above the 78.50 - 79.00 support, an upward view may be at the forefront. In possible increases, 80.00 and 80.50 levels can be targeted. In possible decreases, as long as it is limited by the 78.50 - 79.00 support, new upside potential may occur. Therefore, it may be necessary to see the course below 78.50 and 4-hour closings for the continuation of the downward desire. In this case, the 78.00 and 77.50 levels may come to the agenda. Support: 79.00 - 78.50 Resistance: 80.00 - 80.50
For NDXUSD, the Nasdaq index futures contract started the last trading day of the week and the first quarter of the year negatively. The index managed to complete its horizontal negative course yesterday in the positive region with the purchases towards the end of the session. While the US markets will be closed tomorrow due to Good Friday, the most important data of the week, the PCE data, will be followed for the index's performance at the beginning of the week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18300 region. As long as the index is above the 18500 level, positive expectations are at the forefront. In increases, the 18400 - 18500 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18250 - 18130 levels can be followed as support. Support: 18200 – 18110 Resistance: 18400 – 18500
Oil futures contracts showed an upward trend due to the disruption in the Keystone pipeline that provides oil flow from Canada to the US. During the week, OPEC+'s decision to extend the production cut and the high course of geopolitical risks supported oil prices. The course of European and US stock markets can be followed during the day. In the upcoming process, as long as the prices remain at and above the 82.50 - 83.00 support, an upward view may be at the forefront. In possible increases, 84.00 and 84.50 levels can be targeted. In possible decreases, as long as it is limited by the 82.50 - 83.00 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.50 and 4-hour closings for the continuation of the downward desire. In this case, the 82.00 and 81.50 levels may come to the agenda. Support: 83.00 - 82.50 Resistance: 84.00 - 84.50
On the last trading day of the week and the first quarter of the year, the DAXEUR index continued its gains with the decline in German ten-year treasury yields. Since Friday is Good Friday, the European stock market will be closed, therefore, volatile movements can be observed in the indices due to the shallow market. When we examine the short-term chart of the DAXEUR index technically, we are following the 18400 - 18500 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18500, positive expectations are at the forefront. In increases, increases towards the 18700 level can be seen with the 18600 resistance being overcome. If the index is suppressed around the 18600 resistance and cannot receive support from the 18400 level, negative expectations can come to the fore. In this case, downward deflections towards the 18000 level with support from the 89-period average can be followed. Support: 18400 – 18300 Resistance: 18600 – 18700
For NDXUSD, a recovery was seen in stock markets ahead of the US employment report, with the signals given by the US and European central bank presidents that interest rate cuts could begin this year. The US employment data set, which is one of the important data of the week, will be followed with importance for the Nasdaq index, which closed with a premium of over 1.5%. When we examine the short-term pricing of the Nasdaq index futures contract technically, positive expectations are at the forefront as long as the index moves above the 18100 - 18200 region. In increases, 18300 - 18400 levels can be targeted. If the index, which is suppressed under the 18400 resistance, cannot exceed this level, 18200-18100 levels can be followed as support on the downside. Support: 18200 - 18100 Resistance: 18300 - 18400
According to Bitcoin, last week there was a record outflow of $942 million from global crypto funds, sales decreased this week. BTC, which rose to $71800 in the US opening, managed to close the day above $69000 despite falling to $68000 with the fall of Nasdaq. BTC started the new day around $70000. The most critical data of the week in BTC will be the Gross Domestic Product (GDP) (quarterly) (4th Quarter) to be announced today and the US PCE data to be announced on Friday. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 68000 again, we can see a 72000 Movement if it breaks the 69000 resistance again on a daily basis, if sales increase, the 64500 support is the strongest support. Support: 68000 – 67000 Resistance: 71000 – 73000
Ahead of the US employment report, the stock markets showed recovery with the signals given by the US and European central bank presidents that interest rate cuts could be started this year. The US employment data set to be announced today will be closely monitored due to its effects on the DAXEUR index. When we examine the short-term chart of the DAXEUR index technically, we are following the 17700 -17800 region with support from the 20-period exponential moving average. As long as the index is above the relevant region, positive expectations are at the forefront. In increases, increases towards the 18000 level and then towards the 18100 level can be seen. In the alternative scenario, in possible suppression around the 17900 resistance, it is expected that the declines will accelerate with the index falling below the 17700 level for negative expectations. In this case, decreases towards the 17500 level with support from the 89-period average can be followed in the downward direction. Support: 17800 – 17700 Resistance: 18000 – 18100
For NGAS, it is trading higher on Tuesday after the attacks targeting both gas and oil storage facilities between Ukraine and Russia intensified over the weekend. Meanwhile, the understanding between the US and Israel in the Middle East is falling to a low level after the US refrained from vetoing the ceasefire agreement in the UN Security Council. While this situation increases tensions in both the Middle East and Ukraine, investors are pricing in the possibility of increased supply cuts. In the upcoming process, as long as the prices remain below the 1.66 resistance, a downward outlook may be at the forefront. In possible declines, 1.58 and 1.52 levels may be targeted. In possible recoveries, as long as the 1.66 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.66 and 4-hour closings for the continuation of the upward desire. In this case, 1.72 and 1.78 levels may come to the agenda. Support: 1.58 - 1.52 Resistance: 1.66 - 1.72
After days of activity for Bitcoin, it was a relatively more horizontal day. The horizontal movement we call is a daily increase of 2%. Since there has been a lot of volatility lately, even this movement looks horizontal to us. Today on the Economic Calendar, the TDI Data, which is perhaps the most important data of the month, will come. There will be a lot of volatility. Be careful, we can suddenly pass 69000 and see it at 72000, or we can drop to 63000 and see 59000. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 61000, breaks the 68000 resistance again on a daily basis, we can see a 69000 movement. If sales increase, the 64500 support is the strongest support. Support: 64500 - 63100 Resistance: 68000 - 69000
DXY continued its recent strong gains yesterday and closed the day at 104,500. DXY started the new day on a slight sell-off. DXY seems intent on retesting the February high of 105.00 as the Fed is not expected to cut interest rates by 75 basis points this year. Despite the focus on central bank expectations, broader dollar gains are slightly ahead of interest rate changes. Technically, the 200-day moving average of 103.980 - 103.650 stands out as a support area in the short term. If this range is broken, the pullback to the 50-day moving average of 103.370 may continue. On increases, the 100-day moving average of 104.650 and 105.080 levels can be followed as resistance points. Support: 103,980-103,650 Resistance: 104,650-105,080
We have left an important week behind for EURUSD. With the course of the Classic Dollar Index below the 34 and 100-day exponential moving averages (103.50), the short-term outlook of the EURUSD parity has become clearer. When we evaluate the EURUSD parity in the short term, the bottom point of the uptrend channel, 1.0895, is important, but the parity may want to continue its rise above the relevant region. With this in mind, movement towards the barriers of 1.1000 and 1.1045, especially 1.0965, may continue. In particular, permanent movements above the level of 1.0965 may further strengthen the current upward trend, and with this confirmation, a new expectation towards the peak of 1.1145 may occupy the agenda. Otherwise, pressure towards the support of 1.0895 may be observed. In such a pressure, it should not be forgotten that permanent movements below the level of 1.0895 are needed for our current scenario to be considered invalid. However, a new expectation towards the bottom point of 1.0795 may occur under this condition. Support: 1.0895 – 1.0855 Resistance: 1.0965 – 1.1000
The GBPUSD pair could not continue the short-term new trend under the rising channel and followed a scenario leading to a short-term trend change. When we evaluate the GBPUSD pair in the short term, the 1.2763 - 1.2775 region, which also includes the 34-period average, is important, and the pair may want to continue its rise above the relevant region. With this in mind, the levels of 1.2875, 1.2930 and 1.2980 occupy our agenda, and the question of whether the reaction the parity will give at 1.2875 will be a reaction sale or a trend rally should also be followed. In the event of a possible reaction sale, the 1.2720 level is the main support, but it should not be forgotten that permanent movements below the 1.2763 - 1.2775 region are needed for the pressure to invalidate our current scenario. However, under this condition, the 1.2605 bottom point may occupy our agenda. Support: 1.2775 – 1.2763 Resistance: 1.2875 – 1.2930
For EURUSD, on the last business day of March, the US Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred inflation indicator, will be announced today while the markets are closed. Since the data will come while the markets are closed, we think that the short-term volatility will be high since the volume will be low. It is observed that the parity is declining due to the appreciation of the dollar. The upward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 1.0777 on the previous trading day, was 0.13%. The RSI indicator for the parity, which is below its 20-day moving average, is at 38.85, while its momentum is at 98.44. The 1.0782 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0790, 1.0804 and 1.0812 may become important. In case of possible pullbacks, 1.0768, 1.0760 and 1.0746 will be monitored as support levels. Support: 1.0768 – 1.0760 Resistance: 1.0790 – 1.0804
The USD/JPY pair continued to post losses for the fourth consecutive trading day on Friday. The pair fell sharply to 147.00 on strong expectations that the Bank of Japan (BoJ) will raise interest rates, which have been in negative territory for more than a decade. With the Gross Domestic Product (GDP) data released today, the JPY regained strength and the USD/JPY pair fell to 146.800. Technically, the 146.86 level can be followed in intraday downward movements. If this level is dropped below, the supports at 146.59, 146.27 and 146.00 may become important. In possible increases, 147.18, 147.45 and 147.77 will be watched as resistance levels. Support: 146,860 - 146,590 Resistance: 147,180 - 147,450
For GBPUSD, on the last business day of March, the US Personal Consumption Expenditures (PCE) Price Index, which is the Fed's preferred inflation indicator, will be announced today while the markets are closed. Since the data will come while the markets are closed, we think that the short-term volatility will be high since the volume will be low. It is observed that the parity is declining due to the appreciation of the dollar. The upward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 1.2623 on the previous trading day, was 0.00%. The RSI indicator for the parity, which is below its 20-day moving average, is at 42.15, while its momentum is at 98.63. The 1.2624 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2634, 1.2645 and 1.2654 may become important. In possible pullbacks, 1.2614, 1.2604 and 1.2594 will be followed as support levels. Support: 1.2604 – 1.2594 Resistance: 1.2645 – 1.2654
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.00. When we evaluate the USDTRY exchange rate in the short term, the 31.62 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 31.99, 32.10 and 32.20 levels can be observed. Permanent movements above 32.25 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (30.85) are on the agenda. Support: 31.88 – 31.62 Resistance: 32.10 – 32.20
The USD/JPY pair is trading sideways around 151.35. USD/JPY is near the upper end of its range near 152.00, which has been a key chart level since October 2022. The daily MACD seems anchored in the positive zone, indicating widespread upward momentum. The pair has been in a brief pause since last week; the lower end of this consolidation at 150.20 is the first support. Since there will not be much volume today, we may see sharp moves. The 151.32 level can be followed in intraday upward movements. If this level is broken, the 151.45, 151.63 and 151.76 resistances may become important. In possible pullbacks, 151.14, 151.01 and 150.83 will be watched as support levels. Support: 151,140 - 151,001 Resistance: 151,450 - 151,010
On the first trading day of the week, the limited movement of the 10-year Treasury bond yield around 4.06% after the US employment data indicated a cooling; allowed the ounce of gold to move relatively horizontally in the short term after declining from its all-time high (2195). When we evaluate the short-term ounce gold pricing technically, we are following the 2160 - 2168 region, which is currently supported by the 13 (2165) period exponential moving average. As long as the precious metal suppresses the desire to pull back in the 2160 - 2168 region, the desire to rise may remain at the forefront. If the upward trend continues, there may be a movement area towards the 2185 and 2190 levels. At this stage, the attitude of the 2190 level can be monitored in terms of the continuation of the upward expectation. In the alternative case, in order for the negative expectation to come to the fore, it may be necessary to remain below the 2160 - 2168 region. In this case, the possible declines may occur at the levels of 2150 and 2144. Support: 2168-2160 Resistance: 2185-2190
Although oil prices have recently tried to recover due to the OPEC+ decision to extend the cut and geopolitical risks, concerns about global demand have limited the increases. The new week started with limited suppression. In addition to the inflation data to be announced in the US tomorrow, the stock figures to be announced in the US and the OPEC monthly report are among the headlines to be followed this week. As long as the pricing remains at and below the 77.50 - 78.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 76.50 and 76.00 levels may be targeted. As long as possible recoveries are limited by the 77.50 - 78.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 78.00 and 4-hour closings for the continuation of the upward desire. In this case, the 78.50 and 79.00 levels may come to the agenda. Support: 77.00 - 76.50 Resistance: 78.00 - 78.50
Although oil prices have recently tried to recover due to the OPEC+ decision to extend the cut and geopolitical risks, concerns about global demand have limited the increases. The new week started with limited suppression. In addition to the inflation data to be announced in the US tomorrow, the stock figures to be announced in the US and the OPEC monthly report are among the headlines to be followed this week. As long as the pricing remains at and below the 82.00 - 82.50 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, the 81.00 and 80.50 levels may be targeted. As long as possible recoveries are limited by the 82.00 - 82.50 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 82.50 and 4-hour closings for the continuation of the upward desire. In this case, the 83.00 and 83.50 levels may come to the agenda. Support: 81.00 - 80.50 Resistance: 82.00 - 82.50
For NDXUSD, the Nasdaq index retreated from record levels and erased its weekly gains after the mixed signals given by the US employment data announced on the last trading day of the week we left behind. The inflation data to be announced this week is an important calendar data to be followed for index movements. While headline inflation is expected to remain at 3.1%, a decline is expected in core inflation. When we technically examine the short-term pricing of the Nasdaq index futures contract, the index will be followed as the decision area of 18000 - 18100. It may be necessary to see permanence above the 18100 level for positive expectations. In increases, 18200 - 18300 levels can be targeted. Alternatively, negative expectations will be at the forefront in the pricing behavior of the index below 18000. In the continuation of the decline, pullbacks towards the 17900 level can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200
Bitcoin On the last business day of March, the US Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation indicator, will be announced today while the markets are closed. The data coming while the markets are closed will cause high volatility for BTC, which is OPEN. Since American stocks are closed, trading in ETFs will not be possible today, which will cause us to see sharper movements. Our expectation is still in the Medium Term (3 Months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 68000 again, can see a 72000 Movement if it breaks the 69000 resistance again on a daily basis, if sales increase, the 64500 support is the strongest support. Support: 68000 - 67000 Resistance: 71000 - 73000
DXY On the last business day of March, the US Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation indicator, will be announced today while the markets are closed. Since the data will be released while the markets are closed, we think that the short-term volatility will be high since the volume will be low. Technically, in the short term, the 200-day moving average of 104,380 - 103,950 stands out as the support area. If this range is dropped below, the pullback to the 50-day moving average of 103,370 may continue. In the increases, the 100-day moving average of 104,850 and 105,080 levels can be followed as resistance points. Support: 104,380-103,950 Resistance: 104,850-105,080
For EURUSD In the new week that we started the second quarter of the year, we will examine the US-intensive data flow within the basic macro framework. Our main focus as calendar data is the Non-Farm Employment, Unemployment Rate and Average Hourly Earnings data on April 5. Other developments to be followed throughout the week are the ISM Manufacturing and Non-Manufacturing PMI from the US, JOLTS, FOMC members' speeches, CPI and Manufacturing PMI from the Eurozone and Germany, and Services PMI from the UK. European markets will be on holiday at the beginning of the week due to Easter. In terms of data, we will focus on the ISM Manufacturing PMI result from the US. The 1.0790 level can be followed in intraday upward movements. If this level is exceeded, the 1.0796, 1.0805 and 1.0811 resistances may become important. In case of possible pullbacks, 1.0781, 1.0775 and 1.0765 will be monitored as support levels. Support: 1.0775 – 1.0765 Resistance: 1.0796 – 1.0805
The upward movement observed in the Dollar index for GBPUSD is pressuring the parity downward. In the new week that we started the second quarter of the year, we will examine the US-intensive data flow within the basic macro framework. Our main focus as calendar data is the Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings data on April 5. The daily loss for the parity, which closed at 1.2630 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 43.15, while its momentum is at 99.03. The 1.2633 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2641, 1.2652 and 1.2660 may become important. In possible pullbacks, 1.2622, 1.2614 and 1.2594 will be monitored as support levels. Support: 1.2614 – 1.2594 Resistance: 1.2641 – 1.2652
The USD/JPY pair is trading sideways around 151.350. USD/JPY is near the upper end of its range near 152.00, which has been a key chart level since October 2022. The daily MACD seems anchored in the positive zone, indicating widespread upward momentum. The upward move observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 151.38 on the previous trading day, was 0.03%. The RSI indicator for the pair, which is above its 20-day moving average, is at 62.78, while its momentum is at 102.05. The 151.35 level can be followed in intraday downward movements. In case of a decline below this level, supports at 151.26, 151.15 and 151.06 may become important. In possible increases, 151.46, 151.55 and 151.66 will be monitored as resistance levels. Support: 151,140 - 151,001 Resistance: 151,450 - 151,010
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.42. When we evaluate the USDTRY exchange rate in the short term, the 32.04 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.51, 32.60 and 32.71 levels can be observed. Permanent movements above 32.71 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.58) are on the agenda. Support: 32.22 – 32.02 Resistance: 32.60 – 32.71
Following the 0.3% increase in the core PCE data in the US on a monthly basis, the ounce of gold renewed its record (2265) with the support of the 10-year Treasury bond yield falling below 4.20%. During the day, ISM manufacturing PMI and manufacturing prices can be monitored due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are monitoring the 2212 - 2223 region, which is currently supported by the 13 (2215) period exponential moving average. As long as the precious metal limits the downward demand in the 2212 - 2223 region, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 2265 and 2275 levels. In the alternative view, permanent pricing below the 2212 - 2223 region may be needed for the downward trend to become dominant. In this case, movements towards the 2200 and 2195 levels can be monitored. Support: 2223-2212 Resistance: 2265-2275
The PMI data released in China on Sunday reflected positively on the markets, with expansion in both the manufacturing and service sectors and the acceleration of expansion in the service sector. With this development, which also positively affected demand expectations, oil prices started the week with gains. The course of the US stock markets can be followed during the day. As long as the pricing remains at and above the 82.00 - 82.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, the 84.00 and 84.50 levels can be targeted. In possible decreases, as long as the 82.00 - 82.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 82.00 and 4-hour closings for the continuation of the downward desire. In this case, the 81.50 and 81.00 levels may come to the agenda. Support: 82.50 - 82.00 Resistance: 84.00 - 84.50
The PMI data announced in China on Sunday reflected positively on the markets, with expansion in both the manufacturing and service sectors and the acceleration of expansion in the service sector. With this development, which also positively affected demand expectations, oil prices started the week with gains. The course of the US stock markets can be followed during the day. As long as the pricing remains at and above the 86.00 - 86.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 88.00 and 88.50 levels may be targeted. In possible decreases, as long as the 86.00 - 86.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 86.00 and 4-hour closings for the continuation of the downward desire. In this case, the 85.50 and 85.00 levels may come to the agenda. Support: 86.50 - 86.00 Resistance: 88.00 - 88.50
The first trading day of the week and the second quarter of the year started positively with the Nasdaq index futures contract. The index managed to recover from Thursday's horizontal negative course with the purchases made today. ISM manufacturing PMI and manufacturing prices will be monitored today. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are monitoring the 18300 - 18400 region. The pricing of the index outside the region will be monitored, and in possible recoveries, positive expectations may come to the fore again with a persistence above the 18400 level. In increases, the 18500 - 18600 levels can be monitored as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18200 - 18100 levels can be monitored as support. Support: 18200 - 18110 Resistance: 18400 - 18500
Bitcoin Managed to Close March with an Increase Again. It has managed to increase every month since August. This month, despite seeing $ 59,000, it rose to $ 73,750. It closed its monthly close near the ATH level at around $ 71,000. It dropped to $ 69,000 with a sudden drop in the morning. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 68,000 again, breaks the 71,000 resistance again, we can see a 73,000 Movement. If sales increase, the 67,000 support is the strongest support. Support: 67000 – 65000 Resistance: 71000 – 73000
In the US, natural gas prices have lost almost 30% of their value since the beginning of the year, as the declines were supported by the weak demand for heating during the winter season. While the first quarter ended in this way, we will continue to follow the weather forecasts as well as stock and production figures this week. As long as the prices remain at and below the 1.68 - 1.74 resistance in the upcoming process, a downward outlook may be at the forefront. In possible declines, the 1.62 and 1.57 levels may be targeted. In order for the upward desire to continue, it may be necessary to see the course above 1.74 and daily closings. In this case, the 2 Dollar region may come to the agenda. While the potential for decline may continue until the 2 Dollar region, which is also a psychological barrier, is broken, persistence above this resistance may allow the correction area to expand and the 2,250 resistance to come to our agenda. Support: 1.62 - 1.57 Resistance: 1.68 - 1.74
DXY Managed to Complete March Stronger Than Expected The most important reason for it to remain above market expectations was that the FED still did not release hot money to the market and contrary to expectations, it may start interest rate cuts in June at the earliest, and it closed the month at 104.486. This week, the index will focus on TUFE from Germany and Europe, PMI, JOLTS, ADP from the US and Friday's Nonfarm Payrolls Data. Technically, in the short term, the 200-day moving average range of 104.380 - 103.950 draws attention as a support zone. If this range is dropped below, the 50-day moving average may continue to retreat to 103.370. In increases, the 100-day moving average levels of 104.850 and 105.080 can be followed as resistance points. Support: 104,380-103,950 Resistance: 104,850-105,080
For EURUSD On the first trading day of the week, we observed that the Classic Dollar Index continued its upward trend above the 34-day average, and the theme of strong Dollar, weak Euro and Sterling was at the forefront. The idea that the index will continue its positive reaction in both the short and medium term may cause the EURUSD and GBPUSD parity to exhibit a more willing profile in negative pricing behavior in the second quarter of the year. In this respect, important calendar data for this week and April in general should be carefully examined. In today's busy calendar, Manufacturing PMI and CPI from Germany, JOLTS data from the US and the speeches of FOMC members Bowman, Williams, Mester and Daly should be followed carefully. The 1.0737 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0744, 1.0755 and 1.0762 may become important. In possible pullbacks, 1.0726, 1.0718 and 1.0707 will be monitored as support levels. Support: 1.0718 – 1.0707 Resistance: 1.0744 – 1.0755
For GBPUSD On the first trading day of the week, we observed that the Classic Dollar Index continued its upward trend above the 34-day average, and the theme of strong Dollar, weak Euro and Sterling was at the forefront. The idea that the index will continue its positive reaction in both the short and medium term may cause the EURUSD and GBPUSD parity to exhibit a more willing profile in negative pricing behavior in the second quarter of the year. In today's busy calendar, Manufacturing PMI and CPI from Germany, JOLTS data from the US and the speeches of FOMC members Bowman, Williams, Mester and Daly should be followed carefully. The 1.2547 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2553, 1.2563 and 1.2569 may become important. In possible pullbacks, 1.2537, 1.2531 and 1.2521 will be monitored as support levels. Support: 1.2531 – 1.2521 Resistance: 1.2563 – 1.2569
The Japanese Yen continues to weaken due to the BoJ's cautious stance and risk mood. Intervention fears limit losses in the JPY Today, it continues to extend its horizontal consolidative price movement towards the European session. The cautious approach of the Bank of Japan (BoJ) and the uncertain outlook for future interest rate hikes, along with the risky mood, continue to weaken the safe haven JPY. The 151.67 level can be followed in intraday downward movements. In case of falling below this level, supports at 151.56, 151.39 and 151.28 may become important. In possible increases, 151.84, 151.95 and 152.12 will be watched as resistance levels. Support: 151.390 - 151.280 Resistance: 151.840 - 151.950
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 32.04 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.31, 32.43 and 32.51 levels can be observed. Permanent movements above 32.71 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.58) are on the agenda. Support: 32.12 – 32.02 Resistance: 32.43 – 32.51
Despite the US 10-year Treasury bond yield rising above 4.30%, ounce gold has shown some recovery. The precious metal opened the day at 2249. JOLTS job opportunities and FOMC member Mester's speech can be followed during the day due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2223 - 2235 region, which is currently supported by the 13 (2235) period exponential moving average. The upward trend may continue as the precious metal moves above the 2223 - 2235 region. If the upward movements continue, the 2260 and 2265 levels may be encountered. At this stage, the reaction to the 2260 - 2265 range can be monitored in terms of the continuation of the positive expectation. In the alternative view, it may be necessary to see permanence below the 2223 - 2235 region in order for the negative expectation to come to the fore. In this case, pullbacks towards the levels of 2212 and 2200 can be observed. Support: 2235-2223 Resistance: 2265-2275
Oil prices rose due to increased geopolitical risk and the killing of a senior military commander in an airstrike by Israel on the Iranian embassy in Syria, and Iran's announcement that it would respond decisively to the attack. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. In the upcoming process, as long as the prices remain at and above the 83.00 - 83.50 support, an upward outlook may be at the forefront. In possible increases, the 84.50 and 85.00 levels may be targeted. In possible decreases, as long as the 83.00 - 83.50 support remains current, a new uptrend may occur. Therefore, it may be necessary to see the course below 83.00 and 4-hour closings for the continuation of the downward desire. In this case, the 82.50 and 82.00 levels may come to the agenda. Support: 83.50 - 83.00 Resistance: 84.50 - 85.00
Oil prices rose due to increased geopolitical risk and the killing of a senior military commander in an airstrike by Israel on the Iranian embassy in Syria, and Iran's announcement that it would respond decisively to the attack. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. As long as pricing remains at and above the 87.00 - 87.50 support level, an upward outlook may be at the forefront in the upcoming period. In possible increases, 88.50 and 89.00 levels may be targeted. In possible decreases, as long as the 87.00 - 87.50 support level remains current, a new uptrend may occur. Therefore, it may be necessary to see the course below 87.00 and 4-hour closings for the continuation of the downward trend. In this case, the 86.50 and 86.00 levels may come to the fore. Support: 87.50 - 87.00 Resistance: 88.50 - 89.00
The Nasdaq index futures contract started the second trading day of the week with limited pullbacks. The index left its pullbacks on Monday to relatively limited pricing today. JOLTS job opportunities and FOMC member Mester's speech will be followed today. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 - 18400 region. The pricing of the index outside the region will be followed, and in possible recoveries, positive expectations may come to the fore again with a persistence above the 18400 level. In increases, the 18500 - 18600 levels can be followed as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18200 level. In decreases, the 18100 - 18000 levels can be followed as support. Support: 18100 - 18000 Resistance: 18400 - 18500
On the second trading day of the week, the DAXEUR index continued to be priced relatively horizontally with limited movements in Germany's ten-year treasury yields. Today, Germany's leading CPI, JOLTS job opportunities and FOMC member Mester's speech will be followed. When we examine the short-term chart of the DAXEUR index technically, we are following the 18400 - 18500 region with support from the 20-period exponential moving average. As long as the index receives support from the 20-period average at 18500, positive expectations are at the forefront. In increases, increases towards the 18700 level can be seen with the 18600 resistance exceeded. If the index is suppressed around the 18600 resistance and cannot receive support from the 18400 level, negative expectations may come to the fore. In this case, downward deflections towards the 18100 level with support from the 89-period average can be followed. Support: 18400 – 18300 Resistance: 18600 – 18700
Bitcoin spent the first day of April with a sell position and closed. BTC, which experienced a pullback to $ 68,000 during the day, recovered in the evening and managed to close the day at 69,800. BTC, which started the new day with a tremendous sale, is moving around $ 66,000. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to take place on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, Bitcoin, which broke its 7-day average around 68,000 again, can see a 70,000 Movement if it breaks the 68,000 resistance again on a daily basis. If sales increase, the 64,000 support is the strongest support. Support: 64,000 - 62,000 Resistance: 68,000 - 70,000
Last week, we saw that despite a decrease in natural gas stocks above expectations, the pressure on prices continued. Before the new stock data to be announced on Thursday, the expectation that heating demand may have increased towards the end of March and increased the melting in stocks and the estimates regarding lower production levels have supported the prices. In the upcoming process, as long as the prices remain at and below the 1.78 - 1.82 resistance, a downward outlook may be at the forefront. In possible declines, 1.70 and 1.64 levels may be targeted. In possible recoveries, as long as the 1.78 - 1.82 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 1.82 and 4-hour closings for the continuation of the upward demand. In this case, the 1.88 and 1.90 levels may come to the agenda. Support: 1.70 - 1.64 Resistance: 1.78 - 1.82
DXY yesterday, after the manufacturing industry Purchasing Managers Index (PMI) exceeded market expectations at 50.3 in March and in the uncertain environment ahead of the important US March Nonfarm Payrolls report to be announced on Friday, it broke the 105.00 band and closed the day close to this level. DXY, which started the new day with horizontal movement, will focus on the TUFE and JOLTS data from the US. Technically, in the short term, the 200-Day Moving Average range of 104,880-104,550 stands out as a support area. If this range is dropped below, the 50-Day Moving Average may continue to retreat to 103,970. In increases, the 100-Day Moving Average levels of 105,150-105,280 can be followed as resistance points. Support: 104,880-104,550 Resistance: 105,150-105,280
We are in the middle of the week for EURUSD. Although the Classic Dollar Index continues its upward trend above the 34-day average, the pressure it received at 104.85 yesterday caused a reaction purchase in EURUSD and GBPUSD pairs. Whether this reaction changes the expectation of a short-term negative outlook for the pairs, the macro-economic developments in the remaining days of the week should be followed carefully. Our main focus will be on Friday's Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. Today, the CPI from the Euro Zone, the ADP Non-Farm Employment Change from the US and the ISM Non-Manufacturing PMI data, as well as the speeches of Fed Chair Powell and FOMC members Bostic, Bowman, Barr and Goolsbee should be followed carefully. The 1.0774 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0767, 1.0759 and 1.0752 may become important. In possible increases, 1.0782, 1.0789 and 1.0797 will be monitored as resistance levels. Support: 1.0759 - 1.0752 Resistance: 1.0789 - 1.0797
We are in the middle of the week for GBPUSD. Although the Classic Dollar Index continues its upward trend above the 34-day average, the pressure it received at 104.85 yesterday caused a reaction purchase in EURUSD and GBPUSD pairs. Whether this reaction changes the expectation of a short-term negative outlook for the pairs, macro-economic developments in the remaining days of the week should be followed carefully. Our main focus will be on Friday's Non-Farm Payrolls data. Today, the CPI from the Euro Zone, the ADP Non-Farm Payrolls Change from the US and the ISM Non-Manufacturing PMI data as well as the speeches of Fed Chair Powell and FOMC members Bostic, Bowman, Barr, Goolsbee should be followed carefully. The 1.2577 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2569, 1.2560 and 1.2552 may become important. In possible increases, 1.2586, 1.2594 and 1.2603 will be monitored as resistance levels. Support: 1.2560 - 1.2552 Resistance: 1.2594 - 1.2603
The Japanese Yen (JPY) is trading negatively against its US counterpart for the third day in a row today. The Bank of Japan (BOJ) adopted a slightly tightening tone at the end of its March meeting. We remain skeptical that Japanese authorities will intervene in the markets to prevent further JPY weakness. This, along with the widespread cautious tone in global equity markets, is preventing bearish investors from taking aggressive positions around the safe-haven JPY and limiting the upward movement of the USD/JPY pair. The 151.56 level can be monitored for intraday downward movements. If this level is broken, supports at 151.47, 151.36 and 151.27 could become important. In case of possible increases, resistance levels at 151.67, 151.76 and 151.87 will be monitored. Support: 151.360 - 151.270 Resistance: 151.760 - 151.870
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.03. When we evaluate the USDTRY exchange rate in the short term, the 31.73 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.10, 32.22 and 32.33 levels can be observed. Permanent movements above 32.71 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.63) are on the agenda. Support: 31.92 – 31.81 Resistance: 32.22 – 32.33
Although the US 10-year Treasury yield rose above 4.35%, the escalation of geopolitical risks in the Middle East contributed to the safe-haven demand for gold per ounce, thus breaking a record (2287). During the day, ADP non-farm employment change, ISM service PMI and Fed Chairman Powell's speech can be monitored due to their possible effects. When we evaluate short-term gold per ounce pricing technically, we are monitoring the 2260 - 2265 region, which is currently supported by the 13 (2259) period exponential moving average. The upward trend may continue as the precious metal moves above the 2260 - 2265 region. If upward movements continue, the 2290 and 2300 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2260 - 2265 region for the negative expectation to stand out. In this case, pullbacks towards the 2245 and 2235 levels may be observed. Support: 2265-2260 Resistance: 2290-2300
Oil futures are trading near their highest levels since October, also due to the report showing that stocks in the US have declined ahead of today's OPEC talks. According to data released by the American Petroleum Institute, oil stocks have declined by 2.28 million barrels. In addition, whether the stock figures announced by the US Energy Information Administration confirm this decline will be monitored today. On the OPEC side, the current production cut policy is expected to be maintained. In the upcoming period, 85.50 and 86.00 levels can be targeted in possible increases. In possible decreases, as long as the 84.00 - 84.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 84.00 and hourly closings for the continuation of the downward desire. In this case, 83.50 and 83.00 levels may come to the agenda. Support: 84.50 - 84.00 Resistance: 85.50 - 86.00
Oil futures are trading near their highest levels since October, also due to the report showing that stocks in the US have declined ahead of today's OPEC talks. According to data released by the American Petroleum Institute, oil stocks have declined by 2.28 million barrels. In addition, whether the stock figures announced by the US Energy Information Administration confirm this decline will be monitored today. On the OPEC side, the current production cut policy is expected to be maintained. In the upcoming period, 89.50 and 90.00 levels can be targeted in possible increases. In possible decreases, as long as the 88.00 - 88.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 88.00 and hourly closings for the continuation of the downward desire. In this case, 87.50 and 87.00 levels may come to the agenda. Support: 88.50 - 88.00 Resistance: 89.50 - 90.00
The middle of the week, the Nasdaq index futures contract started with pullbacks. The index left its declines on Tuesday to relatively limited pricing today. Today, ADP nonfarm payrolls change, ISM services PMI and Fed Chairman Powell's speech will be followed. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18100 - 18200 region. As long as the index is under pressure in the 18100 - 18200 region, negative expectations may be at the forefront. In declines, pullbacks towards the 17900 level may be seen with the break of 18000. Positive expectations may come to the fore if the index exceeds the 18200 resistance. In this case, recoveries towards the 18300 level may be followed. Support: 18000 - 17900 Resistance: 18100 - 18200
In the middle of the week, the DAXEUR index saw some pressure due to upward movements in German ten-year treasury yields. Today, the Eurozone CPI, ADP non-farm payrolls change, ISM services PMI and Fed Chairman Powell's speech will be followed. When we examine the short-term chart of the DAXEUR index technically, we are following the 18300 - 18400 area with support from the 20-period exponential moving average. As long as the index is under pressure in the 20-period average 18300 - 18400 area, negative expectations may be at the forefront. In declines, pullbacks towards the 18100 level may be seen with a break of 18200. Positive expectations may come to the fore if the index breaks the 18300 resistance. In this case, recoveries towards the 18400 level may be followed. Support: 18200 - 18100 Resistance: 18300 - 18400
The rise in US 10-years for Bitcoin brought sales to the crypto market yesterday Bitcoin closed the day around $ 65,700 after falling below the $ 65,000 level. We are now following the 50-day moving average support at $ 62.7k. BlackRock's IBIT (BTC) fund received $ 165 million yesterday. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which has broken its 7-day average around 68,000 again, breaks the 68,000 resistance again, we can see a 70,000 Movement if it breaks the 68,000 resistance again on a daily basis, if sales increase, the 64,000 support is the strongest support. Support: 64000 – 62000 Resistance: 68000 – 70000
In the US, the expectation that demand will increase between April 6-10, with weather forecasts indicating temperatures below seasonal norms, supported the prices. However, the course below $2 continues and the potential for pressure to form in movements below this area seems more likely. Although the 1.76 - 1.78 area welcomes increases, it has brought the decision stage before us due to the accumulation in this area. In the upcoming process, pricing outside of 1.76 - 1.78 and 4-hour closings may clarify the search for direction. The desire for an increase may come to the fore with pricing above 1.78 and 4-hour closings. In this case, 1.82 and 1.88 levels can be targeted. In possible declines, the attitude of the 1.73 support can be followed. The breakdown of this support and 4-hour closings in the region may bring the 1.69 and 1.62 levels to our agenda. Support: 1.73 – 1.69 Resistance: 1.82 – 1.88
DXY pulled back a bit yesterday after the JOLTS data released in the US came in lower than expected. Markets will focus on the ADP Nonfarm Employment Change to be released today and the Nonfarm Employment data to be released on Friday. Unless there is a significant slowdown in US employment growth, the US Dollar is likely to continue trading stronger this week to reflect the risk that the Fed may lag behind European central banks in starting to cut interest rates. Technically, the 200-Day Moving Average range of 104.880-104.550 stands out as a support area in the short term. If this range is dropped, the pullback to the 50-Day Moving Average level of 103.970 may continue. On increases, the 100-Day Moving Average levels of 105.150-105.280 can be followed as resistance points. Support: 104,680-104,350 Resistance: 104,950-105,080
Despite the optimism in the ADP Private Sector Employment data for EURUSD, we observed pressure on the Classic Dollar index with the ISM Services PMI data result that remained below expectations in the US. We will be following the news flows today and tomorrow regarding how long DXY, which draws attention with the reaction thought it started from the 105 barrier, will continue its current reaction. The pressure on the index brought significant increases in the EURUSD parity and entered into trend questioning. Today's Unemployment Benefits Applications and FOMC members' speeches, tomorrow's Non-Farm Employment and Average Hourly Earnings data results should be followed carefully to answer the question of whether they will support the weak Euro - Sterling / strong Dollar theme. The 1.0841 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0835, 1.0826 and 1.0821 may become important. In possible increases, 1.0850, 1.0855 and 1.0864 will be monitored as resistance levels. Support: 1.0826 – 1.0821 Resistance: 1.0855 – 1.0864
For GBPUSD, despite the optimism in the ADP Private Sector Employment data, we observed pressure on the Classic Dollar index with the ISM Services PMI data result that remained below expectations in the US. We will be following the news flows today and tomorrow regarding how long DXY, which draws attention with the reaction thought it started from the 105 barrier, will continue its current reaction. The pressure on the index brought significant increases in the GBPUSD parity and entered into trend questioning. Today, Unemployment Benefits Applications and FOMC members' speeches, and tomorrow, Non-Farm Employment and Average Hourly Earnings data results should be followed. . The 1.2652 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2647, 1.2639 and 1.2634 may become important. In possible increases, 1.2660, 1.2665 and 1.2673 will be followed as resistance levels. Support: 1.2639 – 1.2634 Resistance: 1.2665 – 1.2673
The Japanese Yen fluctuated between moderate gains and small losses against the USD on Wednesday. The Bank of Japan (BoJ) announced on Wednesday that it will continue to buy Japanese Government Bonds (JGB) without changing its previous offer. Although the BOJ's dovish stance weakened the JPY, fears of intervention are limiting the downside trend. The decline in views on the Fed's interest rate cut in June will provide support to the Dollar and USD/JPY. The 151.65 level can be monitored in intraday downward movements. If it falls below this level, supports at 151.58, 151.47 and 151.39 may become important. In possible increases, 151.76, 151.84 and 151.95 will be monitored as resistance levels. Support: 151.360 - 151.270 Resistance: 151.760 - 151.870
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.93. When we evaluate the USDTRY exchange rate in the short term, the 31.63 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.00, 32.12 and 32.23 levels can be observed. Permanent movements above 32.33 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.63) are on the agenda. Support: 31.82 – 31.71 Resistance: 32.12 – 32.23
Despite the US 10-year Treasury bond yield rising to 4.37%, the ounce of gold (2304) broke a record with the support of Fed Chairman Powell's statements that interest rates may be cut this year. Applications for unemployment benefits and speeches by FOMC members Barkin and Mester can be followed during the day due to their possible effects. When we evaluate the short-term gold ounce pricing technically, we are following the 2275 - 2290 area, which is currently supported by the 13 (2279) period exponential moving average. As long as the precious metal limits the downward demand in the 2275 - 2290 area, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2300 and 2310 levels. In the alternative view, permanent pricing may be needed below the 2275 - 2290 area for the downward trend to become dominant. In this case, movements towards the 2265 and 2260 levels can be monitored. Support: 2290-2275 Resistance: 2300-2310
Oil futures followed a horizontal course in the Asian session. While OPEC did not make any changes to its production policy yesterday as expected, an increase of 3.2 million barrels was announced in US oil stocks. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 85.00 - 85.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 86.00 and 86.50 levels may be targeted. In possible decreases, as long as the 85.00 - 85.50 support level remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 85.00 and hourly closings for the continuation of the downward desire. In this case, 84.50 and 84.00 levels may be on the agenda. Support: 85.00 - 84.50 Resistance: 86.00 - 86.50
Oil futures followed a horizontal course in the Asian session. While OPEC did not make any changes to its production policy yesterday as expected, an increase of 3.2 million barrels was announced in US oil stocks. The course of European and US stock exchanges can be followed during the day. As long as pricing remains at and above the 89.00 - 89.50 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, 90.00 and 90.50 levels may be targeted. In possible decreases, as long as the 89.00 - 89.50 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 89.00 and hourly closings for the continuation of the downward desire. In this case, the 88.50 and 88.00 levels may be on the agenda. Support: 89.00 - 88.50 Resistance: 90.00 - 90.50
Following Fed Chairman Powell's speech, the Nasdaq index futures contract displayed an outlook that continued its recovery. The index left Wednesday's declines to upward pricing today. Today, unemployment benefits applications and FOMC members Barkin and Mester's speeches will be monitored. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are monitoring the 18100 - 18200 region. The pricing of the index outside the region will be monitored, and in possible recoveries, positive expectations may come to the fore again with a persistence above the 18200 level. In increases, the 18300 - 18400 levels can be monitored as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18100 level. In decreases, the 18000 - 17900 levels can be monitored as support. Support: 18100 - 18000 Resistance: 18300 - 18400
Following the decline in headline consumer inflation data in the Eurozone to 2.4% on an annual basis, the DAXEUR index has recovered somewhat with the downward movements in the German ten-year treasury yields. Today, unemployment benefit applications and speeches by FOMC members Barkin and Mester will be monitored. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 18300 - 18400 region. The pricing of the index outside the region will be monitored, and in possible recoveries, positive expectations may come to the fore again with a persistence above the 18400 level. In increases, the 18500 - 18600 levels can be monitored as resistance. Alternatively, for negative expectations, the index can be expected to fall below the 18300 level. In decreases, the 18200 - 18100 levels can be monitored as support. Support: 18200 - 18100 Resistance: 18400 - 18500
BlackRock's Bitcoin fund received another inflow yesterday. It was $150m. Spot market declines do not disrupt ETF inflows. There was a period in 2022 when ARKK experienced very strong sales and inflows to the fund continued. Afterwards, this fund increased by 80 percent, a detail that supports our idea that the rally will strengthen in the second half of the year for Bitcoin. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the Medium Term (3 Months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which has broken its 7-day average around 68,000, breaks the 68,000 resistance again, we can see a 70,000 Movement. If sales increase, the 64,000 support is the strongest support. Support: 64000 – 62000 Resistance: 68000 – 70000
With the support of the near-term weather forecasts and the weakness in production in the US, the natural gas futures contract tested the 1,900 resistance yesterday. However, after the resistance was seen here, a return was made to the compression area of 1,830-1,860. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. In the upcoming process, pricings that may occur outside of 1.76-1.78 and 4-hour closings may clarify the search for direction. The desire for an increase may come to the fore with pricings above 1.78 and 4-hour closings. In this case, 1.82 and 1.88 levels can be targeted. In possible declines, the attitude of the 1.73 support can be followed. The breakdown of this support and 4-hour closings that may occur in the region may bring the 1.69 and 1.62 levels to our agenda. Support: 1.73-1.69 Resistance: 1.82-1.88
The US Dollar Index (DXY) fell from its weekly peak of 105.10 on Wednesday following the slightly tightening comments of the Federal Reserve (Fed) policymakers. It fell for the third day in a row around 104.247. Today's attention for the DXY will be on the Unemployment Claims data to be released. According to the FedWatch tool, the probability of a rate cut by June, which was 70%, is currently priced at around 65%. Technically, in the short term, the 200-Day Moving Average range of 104.080-103.850 stands out as a support zone. If this range is dropped below, the pullback to the 50-Day Moving Average level of 103.570 may continue. On the rise, the 100-Day Moving Average levels of 104.450-104.880 can be followed as resistance points. Support: 104,080-103,850 Resistance: 104,450-104,880
We are on the last trading day of the week. The fact that the Classic Dollar Index limited its declines above the 34 and 100-day averages (103.50 - 103.65 area) that we base it on created pressure on EURUSD and GBPUSD pairs. Today can be described as the most important day of the week. We will reach the results of the Non-Farm Employment, Unemployment Rate and Average Hourly Earnings data from the US. On the one hand, we will examine the current changes in the employment market and on the other hand, whether wage increases will have an impact on inflation. In this respect, eyes are on the US data to see whether the strong Dollar / weak Euro and Sterling theme will continue its effect. The 1.0831 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0840, 1.0854 and 1.0862 may become important. In possible pullbacks, 1.0817, 1.0809 and 1.0795 will be monitored as support levels. Support: 1.0809 – 1.0795 Resistance: 1.0854 – 1.0862
We are on the last trading day of the week. The fact that the Classic Dollar Index limited its declines above the 34 and 100-day averages (103.50 - 103.65 area) that we base it on created pressure on EURUSD and GBPUSD pairs. Today can be described as the most important day of the week. We will reach the results of the Non-Farm Employment, Unemployment Rate and Average Hourly Earnings data from the US. On the one hand, we will examine the current changes in the employment market and on the other hand, whether wage increases will have an impact on inflation. In this respect, eyes are on the US data to see whether the strong Dollar / weak Euro and Sterling theme will continue to have an impact. The 1.2632 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2642, 1.2660 and 1.2670 may become important. In possible pullbacks, 1.2614, 1.2604 and 1.2586 will be monitored as support levels. Support: 1.2604 – 1.2586 Resistance: 1.2660 – 1.2670
The USD/JPY pair encountered a serious selling wave after yesterday evening hours. And closed the day close to its lowest point at around 151.310. Even if there is an increase in the pair, it may encounter sudden resistance around the recent high of 151.95 seen on Wednesday, which is in line with the highest level of March 151.97 and the psychological level of 152.00. Our general opinion is that the 151 level will be broken down in the pair, where we expect high volatility on the day of non-agricultural data. The 151.14 level can be followed in intraday downward movements. In case of falling below this level, the supports of 150.92, 150.60 and 150.38 may become important. In possible increases, 151.46, 151.68 and 152.00 will be monitored as resistance levels. Support: 150.920 - 150.600 Resistance: 151.460 - 151.680
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.88. When we evaluate the USDTRY exchange rate in the short term, the 31.63 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.00, 32.12 and 32.23 levels can be observed. Permanent movements above 32.33 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.63) are on the agenda. Support: 31.82 – 31.71 Resistance: 32.12 – 32.23
On the last trading day of the week; Although the US 10-year Treasury bond yield fell to 4.31%, ounce gold experienced a slight decline. Average hourly earnings, unemployment rate and non-farm employment changes can be monitored during the day due to their possible effects. Technically, we are monitoring the 2265 - 2290 region, which is currently supported by the 13 (2282) period exponential moving average. Permanent pricing above the 2290 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2300 and 2310 range may come to the agenda. In the meantime, the attitude of the 2300 level, which represents the historical peak, can be monitored in terms of the continuity of the upward desire. Permanence below the 2265 level may be required for the negative expectation to come to the fore. In possible declines, the 2260 and 2245 levels may be encountered. At this stage, the reaction of the 2260 level supported by the 34-period exponential moving average can be monitored in order for the pullback trend to continue. Support: 2260-2245 Resistance: 2300-2310
The oil futures contract made an effective increase yesterday evening as Iran increased its preparations for a potential response following Israel's attack on the Iranian consulate in Syria, causing concerns that a wider conflict area would emerge. The course of European and US stock markets and US employment data can be followed during the day. As long as pricing remains at and above the 86.00 - 86.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 87.50 and 88.00 levels can be targeted. In possible decreases, as long as the 86.00 - 86.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 86.00 and hourly closings for the continuation of the downward desire. In this case, the 85.50 and 85.00 levels may come to the agenda. Support: 86.00 - 85.50 Resistance: 87.50 - 88.00
The oil futures contract made an effective increase yesterday evening as Iran increased its preparations for a potential response following Israel's attack on the Iranian consulate in Syria, causing concerns that a wider conflict area would emerge. The course of European and US stock markets and US employment data can be followed during the day. As long as pricing remains at and above the 90.00 - 90.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 91.50 and 92.00 levels can be targeted. In possible decreases, as long as the 90.00 - 90.50 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 90.00 and hourly closings for the continuation of the downward desire. In this case, the 89.50 and 89.00 levels may be on the agenda. Support: 90.50 - 90.00 Resistance: 91.50 - 92.00
On the last trading day of the week, the Nasdaq index futures contract exhibited pricing dominated by a downward trend. The index left Thursday's declines to limited movements today. Average hourly earnings, unemployment rate and nonfarm payrolls change will be monitored today. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are monitoring the 17900 - 18000 region. As long as the index moves below the region, downward trend may come to the fore. If downward pricing continues, the 17800 and 177000 levels may be encountered. In the alternative case, permanent pricing above the 18000 - 18100 region may be needed for the upward trend to come to the fore. In this case, the 18200 and 18300 levels may come to the fore. Support: 17800 - 17700 Resistance: 18000 - 18100
On the last trading day of the week, despite the downward movements in German ten-year treasury yields, the DAXEUR index recorded pullbacks. Today, US average hourly earnings, unemployment rate and non-farm payrolls change will be monitored. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 18200 - 18300 area. As long as the index moves below the area, a downward demand may come to the fore. If downward pricing continues, the 18100 and 18000 levels may be encountered. In the alternative case, permanent pricing above the 18200 - 18300 area may be needed for the upward demand to come to the fore. In this case, the 18400 and 18500 levels may come to the fore. Support: 18100 - 18000 Resistance: 18300 - 18400
BlackRock's Bitcoin fund received money again yesterday. The money that has entered since the beginning of the week is $ 1,550 billion. The spot market was full of buyers all day and BTC reached the $ 69,000 resistance again. It is useful to be ready for high volatility on the last day of the week when the Non-Farm Employment Data is released. We can see both the $ 72,000 and $ 66,000 levels on the same day. The highly anticipated Bitcoin halving, which occurs every four years and reduces the speed of creation of new bitcoins by 50%, is expected to occur on April 16, 2024. Our expectation is still in the medium term (3 months), that BTC will benefit from the dual benefits of the halving and monetary policy changes. Technically, if Bitcoin, which has broken its 7-day average around 67000, breaks the 72000 resistance again, we can see a 75000 movement. If sales increase, 66000 support is the strongest support. Support: 66000 - 62000 Resistance: 72000 - 75000
With natural gas stocks in the US not recording the expected decline and the resistance of the 200-period exponential moving average, an effective pullback was followed in the futures contract. The course of European and US stock exchanges can be followed during the day. In the upcoming process, pricing outside of 1.66 - 1.72 and 4-hour closings can clarify the search for direction. The desire for an increase can come to the fore with pricing above 1.78 and 4-hour closings. In this case, 1.72 - 1.78 levels can be targeted. In possible declines, the attitude of the 1.66 support can be followed. The breakdown of this support and 4-hour closings in the region can bring the levels of 1.62 and 1.57 to our agenda. Support: 1.66 - 1.62 Resistance: 1.72 - 1.78
DXY continued to trade with losses for the third day in a row yesterday, trading around 104,200 during Asian trading hours. The dollar faced difficulties due to the slightly tightening tone surrounding the Federal Reserve's (Fed) interest rate trajectory. Today will be perhaps the most important data of the month for DXY, the Nonfarm Payrolls Data. According to the FedWatch tool, it is currently pricing the probability of a rate cut by June, which is 70%, as approximately 65%. Technically, in the short term, the 200-Day Moving Average range of 104,080-103,850 stands out as a support zone. If this range is broken, the pullback to the 50-Day Moving Average level of 103,570 may continue. On the rise, the 100-Day Moving Average levels of 104,450-104,880 can be followed as resistance points. Support: 104,080-103,850 Resistance: 104,450-104,880
05.04.2024 10:20 Geopolitical risks and Fed speeches determine pricing… Yesterday, with the news flows based on US-Israel and Israel-Iran, Brent oil prices closed above $90 for the first time since October 2023. Comment: As Geopolitical Risks Increase, it is almost certain that prices will exceed the $100 band. When it comes to October 2023, of course, what comes to mind is the beginning of moving away from “higher for longer” pricing. Kashkari’s statement yesterday that “there may not be a rate cut in 2024” is quite ambitious. Kashkari’s base scenario is two cuts and he has no voting rights in 2024. Mester, another member with voting rights, states that they are approaching the “confidence level required for a rate cut”. With the rise in oil prices, the increase in geopolitical risks and Kashkari’s speech, the S&P 500 experienced a solid sale “in the second half of the session”. The index closed the day 1.2% down. Even the energy sector closed in the red… On the other hand, demand for US Treasury bonds increased. Gold and silver saw some profit taking despite geopolitical developments since they started April strongly. … The dollar index closed in the red yesterday. The increase in geopolitical risks did not increase demand for the dollar. After the Kashkari speech, EURUSD fell to 1.0820 at 1.0880, but is still above last week’s close (1.0790). The BOJ chairman stated that there may be a rate hike in the second half of the year. Yen is positive & Nikkei 225 is negative. Today’s US TDI data is quite important. We will share the details after the data.
As we start a new week, our main focus will be on the US CPI on Wednesday, April 10, the ECB meeting on Thursday, April 11, and the UK Growth data on Friday, April 12. While the European Central Bank is not expected to change current interest rates at this meeting, we will be following whether we will receive a signal of a possible interest rate cut for June from ECB President Lagarde's speech. On the inflation front, despite the partial decrease in the Core CPI, the rigidity in the Headline CPI continues. In an environment where especially rental/housing costs are drawing attention, the possible impact of Brent Oil, which reached $91, on transportation and the negative impact it will provide on the inflation side should be followed carefully in terms of whether the data results will create additional pressure on the Fed. The 1.0833 level can be followed in intraday upward movements. If this level is exceeded, the 1.0843, 1.0855 and 1.0865 resistances may become important. In case of possible pullbacks, 1.0822, 1.0812 and 1.0801 will be monitored as support levels. Support: 1.0812 – 1.0801 Resistance: 1.0855 – 1.0865
As we start a new week, our main focus will be on the US CPI on Wednesday, April 10, the ECB meeting on Thursday, April 11, and the UK Growth data on Friday, April 12. While the European Central Bank is not expected to make any changes to current interest rates at this meeting, we will be following whether we will receive a signal from ECB President Lagarde in her speech about a possible interest rate cut for June. In an environment where especially rental/housing costs are drawing attention, the possible impact of Brent Oil, which has reached $91, on transportation and whether the negative impact it will provide on the inflation side will create additional pressure on the Fed should be followed carefully. The 1.2628 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2616, 1.2602 and 1.2590 may become important. In possible increases, 1.2642, 1.2654 and 1.2668 will be monitored as resistance levels. Support: 1.2602 – 1.2590 Resistance: 1.2654 – 1.2668
USD/JPY parity fell by over 1.50% last week to 150.80, its lowest level of the day, especially on Thursday after BoJ President Ueda's hawkish comments, and then managed to recover its losses on Friday and rise above 151.600 again with the prediction that BOJ will enter a gradual tightening process and Fed's easing cycle will be quieter than currently priced in. 151.73 level can be followed in intraday downward movements. In case of falling below this level, supports of 151.65, 151.51 and 151.43 may become important. In possible increases, 151.87, 151.94 and 152.08 will be watched as resistance levels. Support: 151.510 - 151.430 Resistance: 151.870 - 151.940
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 31.97. When we evaluate the USDTRY exchange rate in the short term, the 31.66 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.00, 32.12 and 32.23 levels can be observed. Permanent movements above 32.33 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.63) are on the agenda. Support: 31.82 – 31.71 Resistance: 32.12 – 32.23
On the first trading day of the week; despite the US 10-year Treasury bond yield rising to 4.42%, ounce gold renewed its record (2353). The precious metal, which opened the day at 2322, is trading around 2338 while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2300 - 2310 region, which is currently supported by the 13 (2306) period exponential moving average. As long as the precious metal limits the downward demand in the 2300 - 2310 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 2355 and 2370 levels. In the meantime, the attitude of the 2355 level can be monitored in terms of the continuation of the upward expectation. In the alternative view, permanent pricing below the 2300 - 2310 region may be needed for the downward trend to become dominant. In this case, movements towards the levels of 2290 and 2275 can be monitored. Support: 2310-2300 Resistance: 2355-2370
Israel's announcement to withdraw some of its military force from Gaza was effective in starting the week with a pullback of over 1% in oil prices. However, the Israeli Defense Minister's statement that this was a tactical withdrawal seems to have limited hopes that the war is nearing an end for now. On the other hand, the expectation that Iran will still respond to the attack on its consulate in Syria keeps the risk alive. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 86.00 - 86.50 resistance in the upcoming process, a downward view may be at the forefront. In possible declines, 85.00 and 84.50 levels can be targeted. In possible recoveries, as long as the 86.00 - 86.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 86.50 and hourly closings for the continuation of the upward desire. In this case, 87.00 and 87.50 levels may come to the agenda. Support: 85.00 – 84.50 Resistance: 86.00 – 86.50
Israel's announcement to withdraw some of its military force from Gaza was effective in starting the week with a pullback of over 1% in oil prices. However, the Israeli Defense Minister's statement that this was a tactical withdrawal seems to have limited hopes that the war is nearing an end for now. On the other hand, the expectation that Iran will still respond to the attack on its consulate in Syria keeps the risk alive. The course of European and US stock markets can be followed during the day. As long as pricing remains below the 90.00 - 90.50 resistance in the upcoming process, a downward view may be at the forefront. In possible declines, 89.00 and 88.50 levels can be targeted. In possible recoveries, as long as the 90.00 - 90.50 resistance remains current, a new downward potential may occur. Therefore, it may be necessary to see the course above 90.50 and hourly closings for the continuation of the upward desire. In this case, 91.00 and 91.50 levels may come to the agenda. Support: 89.00 – 88.50 Resistance: 90.00 – 90.50
After the employment data indicating tightness in the US labor markets at the close of the week, the Nasdaq index, which recovered by nearly 1%, is moving horizontally negative in the Asian session on the first trading day of the week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18000 - 18100 region. As long as the index moves below the region, negative expectations may come to the fore. If downward pricing continues, the 18000 and 17900 levels may be encountered. In the alternative case, permanent pricing above the 18000 - 18100 region may be needed for the upward demand to come to the fore. Under this condition, the 18200 and 18300 levels may come to the fore. Support: 18000 - 17900 Resistance: 18200 - 18300
The DAXEUR index, which lost 1.24% at the close of the week we left behind, is showing a limited negative trend in futures at the beginning of the week. The ECB interest rate decision to be announced this week for European markets and the subsequent statements by ECB President Lagarde are at the top of the calendar data to be followed for index movements. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18200 - 18300 region. As long as the index moves below the region, a downward trend may come to the fore. If downward pricing continues, the 18100 and 18000 levels may be encountered. In the alternative case, permanent pricing above the 18200 - 18300 region may be needed for the upward trend to come to the fore. In this case, the 18400 and 18500 levels may come to the fore. Support: 18100 - 18000 Resistance: 18300 - 18400
Last week, the BTCUSD parity, which experienced serious volatility, came back to the $ 70,000 band despite the serious sale in the spot market, especially after the $ 1.750 billion purchase from EFT, namely stock exchange funds, especially Blackrock. The Bitcoin halving, which is highly anticipated to occur every four years and reduces the speed of creation of new bitcoins by 50%, is expected to take place on April 16, 2024. Our expectation is still in the medium term (3 months), to benefit from the dual benefits of the BTC halving and monetary policy changes. Technically, if Bitcoin, which broke its 7-day average around 68,000 again, breaks the 72,000 resistance again on a daily basis, we can see a 75,000 movement. If sales increase, the 66,000 support is the strongest support. Support: 66,000 - 62,000 Resistance: 72,000 - 75,000
In the US, the natural gas futures contract was suppressed after the weak demand conditions created by the weather forecasts and the less than expected withdrawal in stocks confirmed this situation, and we saw a decrease of over 1% in the opening of the week. The course of the European and US stock markets can be followed during the day. In the upcoming process, pricings that may occur outside of 1.66 - 1.72 and 4-hour closings may clarify the search for direction. The desire for an increase may come to the fore with pricings above 1.78 and 4-hour closings. In this case, 1.72 - 1.78 levels can be targeted. In possible declines, the attitude of the 1.66 support can be followed. The breakdown of this support and 4-hour closings that may occur in the region may bring the levels of 1.62 and 1.57 to our agenda. Support: 1.66 - 1.62 Resistance: 1.72 - 1.78
DXY managed to stay extremely strong this week. Our basic view is that DXY increases are a selling opportunity. Since this week is the holiday week, our investors should not be complacent, we will be waiting for extremely important data. The US will have Wednesday inflation data, TUFE FOMC minutes, and the UFE EURO will have Thursday interest rate decision. Technically, in the short term, the 200-day moving average of 104,080-103,850 range stands out as a support area. If this range is dropped below, the 50-day moving average may continue to retreat to 103,570. In increases, the 100-day moving average of 104,450-104,880 levels can be followed as resistance points. Support: 104,080-103,850 Resistance: 104,450-104,880
We are on the most important day of the week. Today, global markets will focus on the March Headline and Core CPI data from the US and the FOMC meeting minutes, which include the details of the March meeting. When we evaluate the EURUSD parity in the short term, the trend line created by the negative outlook starting from the 1.0965 - 1.1000 region is currently passing through the 1.0860 - 1.0895 region. With this in mind, a decline towards the supports of 1.0820, 1.0780 and 1.0740 can be observed. In particular, permanent movements below the 1.0820 level can strengthen the current pressure. Otherwise, a recovery towards the trend zone can be observed. In this process, whether the Dollar Index remains above the reference zone can be monitored as a roadmap for whether the EURUSD parity will continue its negative trend. Since permanent movements above 1.0895 in particular will be read as a trend change, the psychological 1.1000 level can be evaluated as the target area in the new outlook. Support: 1.0820 – 1.0780 Resistance: 1.0860 – 1.0895
We are on the most important day of the week. Today, global markets will focus on the March Headline and Core CPI data from the US and the FOMC meeting minutes, which include details of the March meeting. When we evaluate the GBPUSD parity in the short term, we see that the negative trend that started in the 1.29 region is in the final stages according to recent movements. The macro indicators with high significance during the day are important for the answer to the question of whether the new positive expectation or the old negative trend is effective for the parity. In this process, the price reference levels can be monitored as 1.2635 and 1.2680. With permanent movements above 1.2680, the parity can change its trend and wink at the 1.2875 level or continue its trend appearance with permanent movements below 1.2635 and create a new rally towards the 1.2400 level. Support: 1.2635 – 1.2605 Resistance: 1.2680 – 1.2710
The most important day of the week for USDJPY will be today. The USDJPY Index, which started the week with a strong rise and fell back to the level of (151.950). The Bank of Japan's (BoJ) slightly tightening language and optimistic risk tone, indicating that the next interest rate hike will be a little further away, continue to weaken the safe haven JPY. In addition, softer local data showing that real wages in Japan fell for the 23rd consecutive month in February is pulling the JPY down for the second day in a row. . The 151.73 level can be followed in intraday downward movements. If this level is broken, the supports of 151.65, 151.51 and 151.43 may become important. In possible increases, 151.94, 152.08 and 152.30 will be watched as resistance levels. Support: 151,510 - 151,430 Resistance: 151,940 - 152,080
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 31.98 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.33, 32.43 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.83) are on the agenda. Support: 32.02 – 31.81 Resistance: 32.33 – 32.43
Despite the US 10-year Treasury bond yield falling to 4.35%, ounce gold recorded limited pricing. During the day, CPI, FOMC member Barkin's speech and FOMC meeting minutes can be monitored due to their possible effects. When we evaluate technically, we are monitoring the 2330 - 2340 region, which is currently supported by the 13 (2341) period exponential moving average. If the upward movements continue, the 2355 and 2365 levels may be encountered. At this stage, the reaction of the 2365 level, which represents the historical peak, can be monitored in order for the positive expectation to continue. In the alternative view, in order for the negative expectation to come to the fore, it may be necessary to see permanence below the 2330 - 2340 region. In this case, pullbacks towards the 2320 and 2310 levels can be observed. At this stage, the attitude of the 2310 level, which is supported by the 34-period exponential moving average, can be monitored in terms of the continuation of the downward expectation. Support: 2340-2330 Resistance: 2355-2365
While oil futures were suppressed after the American Petroleum Institute announced an increase of over 3 million barrels in stocks, we observed that the downward view formed by yesterday's decline was maintained in the Asian session. US inflation data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as pricing remains below the 85.50 - 86.00 resistance in the upcoming period, the downward view may be at the forefront. In possible declines, 85.00 and 84.50 levels can be targeted. In possible recoveries, as long as the 85.50 - 86.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 86.00 and hourly closings for the continuation of the upward desire. In this case, 86.50 and 87.00 levels may be on the agenda. Support: 85.00 - 84.50 Resistance: 85.50 - 86.00
While oil futures were suppressed after the American Petroleum Institute announced an increase of over 3 million barrels in stocks, we observed that the downward view formed by yesterday's decline was maintained in the Asian session. During the day, US inflation data and stock figures to be announced by the US Energy Information Administration can be followed. As long as pricing remains at and below the 89.50 - 90.00 resistance level in the upcoming period, the downward view may be at the forefront. In possible declines, 89.00 and 88.50 levels can be targeted. In possible recoveries, as long as the 89.50 - 90.00 resistance level remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 90.00 and hourly closings for the continuation of the upward desire. In this case, 90.50 and 91.00 levels may be on the agenda. Support: 89.00 - 88.50 Resistance: 90.50 - 91.00
The Nasdaq index, which managed to close the day with a 0.32% premium due to the decline in US bond yields the other day, made a positive opening in the middle of the week when the inflation data will be announced. Inflation has been resisting the weakening momentum in recent months. Therefore, employment data, which is at the forefront of the clues to be provided for inflation and growth, may become the focus of the next week. The FOMC meeting minutes to be published later in the day may also be counted among the developments that may have an impact on the June interest rate cut expectations. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18100-18200 region. As long as the index moves below the region, negative expectations may come to the fore. If the downward pricing continues, the 18050 and 17950 levels may be encountered. In the alternative case, permanent pricing above the 18100-18200 region may be needed for the upward demand to come to the fore. Under this condition, the 18250 and 18350 levels may come to the agenda. Support: 18050 – 17950 Resistance: 18250 – 18350
The losses deepened in European stock markets the other day, while the DAXEUR index lost 1.32% of its value. In the week when we will follow the ECB interest rate decision, the statements of ECB President Lagarde are at the top of the calendar data to be followed for index movements. Today, the US inflation data to be announced may have an impact on index movements. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18200 - 18300 region. As long as the index moves below the region, a downward trend may come to the fore. If downward pricing continues, the 18100 and 18000 levels may be encountered. In the alternative case, permanent pricing above the 18200 - 18300 region may be needed for the upward trend to come to the fore. In this case, the 18400 and 18500 levels may come to the fore. Support: 18100 - 18000 Resistance: 18300 - 18400
BTCUSD moved below $70,000 again with sales from America. If we are going to talk about the continuation of the increases, we will need to see the US inflation data today. It will be enough for Bitcoin to maintain the 6900K level for the revival period in altcoins. We will need to follow these levels carefully, if there is no contrary trend in the US data to come today, the markets will open up. We will talk about positive trends in altcoins again. Technically, if Bitcoin, which broke its 7-day average around 68,000, breaks the 72,000 resistance again on a daily basis, we can see a 75,000 movement, if sales increase, the 68,000 support is the strongest support. Support: 68,000 - 66,000 Resistance: 72,000 - 75,000
In the US, natural gas futures have shown an effort to recover, along with the US production, which is expected to decline due to the course close to the weakest prices in the last 3 years, and relatively strong demand. The course of the US stock markets and the US inflation data can be followed during the day. As long as the pricing remains at and above the 1,830-1,800 support in the upcoming period, an upward outlook may be at the forefront. In possible increases, the 1,890 and 1,920 levels can be targeted. In possible decreases, as long as the 1,830-1,800 support remains current, a new uptrend may occur. Therefore, it may be necessary to see the course below 1,830 and hourly closings for the continuation of the downward desire. In this case, the 1,810 and 1,785 levels may come to the agenda. Support: 1.83-1.80 Resistance: 1.89-1.92
Although DXY saw 104.450 intraday on Monday, it later experienced a pullback to 104.130 due to the selling pressure. Our basic view is that DXY increases are a selling opportunity. Since this week is the Holiday Week, our investors should not be complacent, we will be waiting for extremely important data. Today's Inflation Data from the US, TUFE FOMC Minutes, Tomorrow, UFE and EURO will come, and Thursday's Interest Rate Decision will come. Technically, in the short term, the 200-Day Moving Average range of 104.020-103.850 stands out as a support area. If this range is dropped below, the pullback to the 50-Day Moving Average level of 103.570 may continue. In increases, the 100-Day Moving Average levels of 104.250-104.680 can be followed as resistance points. Support: 104,020-103,850 Resistance: 104,250-104,680
In the new week dynamics, the Dollar Index's short-term reaction at 105.50 and the important economic developments of the week can be followed in terms of whether the Dollar Index will continue to be positive/the EURUSD and GBPUSD parities will continue to be negative (the reference area for the Classic Dollar Index is positive above the 34 and 100-day averages (103.65 - 104.05 area). When we evaluate the week of April 15 - 19 from a macro perspective, the Retail Sales from the US, the CPI data from the UK and the speeches of the BoE and Fed Presidents and FOMC members are the most important developments that can fundamentally affect the course of the index and parities. When we focus on today, the Core Retail Sales data from the US can be followed. The 1.0648 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0640, 1.0626 and 1.0617 may become important. In possible increases, 1.0662, 1.0671 and 1.0685 will be monitored as resistance levels. Support: 1.0640 – 1.0626 Resistance: 1.0662 – 1.0671
In the new week dynamics, the Dollar Index's short-term reaction at 105.50 and the important economic developments of the week can be followed in terms of whether the Dollar Index will continue to be positive / EURUSD and GBPUSD parities will continue to be negative (the reference area for the Classic Dollar Index is positive above the 34 and 100-day averages (103.65 - 104.05 area). When we evaluate the week of April 15 - 19 from a macro perspective, the Retail Sales from the US, the CPI data from the UK and the speeches of the BoE and Fed Presidents and FOMC members are the most important developments that can fundamentally affect the course of the index and parities. When we focus on today, the Core Retail Sales data from the US can be followed. The 1.2456 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.2446, 1.2431 and 1.2420 may become important. In possible increases, 1.2471, 1.2481 and 1.2496 will be monitored as resistance levels. Support: 1.2446 - 1.2431 Resistance: 1.2481 - 1.2496
The Japanese Yen (JPY) came under renewed selling pressure on the first day of the new week, falling to a decade-low against its US counterpart during the Asian session. The Bank of Japan (BoJ) has given little indication of when it will raise interest rates. In contrast, the US Federal Reserve (Fed) is expected to begin its rate-cutting cycle in September. This suggests that the wide interest rate gap between the US and Japan will continue for some time, which continues to weaken the safe-haven JPY. The 153.57 level can be monitored for intraday downtrends. If it falls below this level, supports at 153.29, 152.78 and 152.50 could become important. In potential uptrends, resistance levels at 154.09, 154.36 and 154.88 will be monitored. Support: 153.290 – 152.780 Resistance: 154.090 – 154.360
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.40. When we evaluate the USDTRY exchange rate in the short term, the 32.05 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.43, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.02 – 31.81 Resistance: 32.57 – 32.70
After the Iranian attack caused little damage to Israel and the US stated that it wanted to avoid a wider war in the Middle East, the ounce of gold recorded limited movements on the first trading day of the week. During the day, retail sales and the Empire State manufacturing index can be monitored due to their possible effects. When we evaluate technically, we are monitoring the 2340 - 2365 area, which is currently supported by the 13 (2361) and 34 (2343) period exponential moving averages. As the precious metal forms within the 2340 - 2365 area, the decision phase scenario may be valid. Permanent pricing above the 2365 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2375 and 2390 levels may come to the agenda. In order for the negative expectation to come to the fore, it may be necessary to remain below the 2340 level. In possible declines, the 2330 and 2320 levels may be encountered. At this stage, the reaction of the 2320 level can be monitored in order for the pullback trend to continue. Support: 2330 - 2320 Resistance: 2375 - 2390
Although Iran's launch of 300 missile and drone attacks on Israel over the weekend peaked the risk, the fact that this attack was announced in advance and most of it was prevented has reduced tensions somewhat. However, how Israel responds to this will be important. If the country follows the US advice, tensions may decrease. The course of US stock markets can be followed during the day with this agenda. Although the course is seen below the averages after the contract change, a loss of 0.3% is still seen on a daily basis. As long as the pricing remains at and above the 84.50 - 85.00 support in the upcoming period, an upward view may be at the forefront. In possible increases, the 85.50 and 86.00 levels can be targeted. In possible decreases, as long as the 84.50 - 85.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 84.50 and 4-hour closings for the continuation of the downward desire. In this case, the 84.00 and 83.50 levels may come to the agenda. Support: 85.00 – 84.50 Resistance: 86.00 – 86.50
Although Iran's 300 missile and drone attacks on Israel over the weekend increased the risk to its peak, the fact that this attack was announced in advance and most of it was prevented has reduced tensions somewhat. However, how Israel responds to this will be important. If the country follows the US advice, tensions may decrease. The course of the US stock markets can be followed during the day with this agenda. As long as the pricing remains at and above the 89.50 - 90.00 support level in the upcoming period, an upward trend may be at the forefront. In possible increases, the 90.50 and 91.00 levels may be targeted. In possible decreases, as long as the 89.50 - 90.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 89.50 and 4-hour closings for the continuation of the downward desire. In this case, the 89.00 and 88.50 levels may be on the agenda. Support: 90.00 - 89.50 Resistance: 90.50 - 91.00
The mild weather forecasts for April in the US are causing negative thoughts about demand to remain at the forefront. The increase seen in stocks last week also supported this thought. While a limited pullback is seen on the production side, the weather continues to be the driving force. The course of the European and US stock markets can be followed during the day. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18100 - 18200 region. The pricing of the index outside the region will be monitored, and permanent pricing above the 18100 - 18200 region may be needed for positive expectations in the index. Under this condition, the 18300 and 18400 levels may come to the fore. Negative expectations may come to the fore in pricing below the 18100 support. Support: 18100 - 18000 Resistance: 18300 - 18400
Last week, the ECB did not change the policy rate, while European markets closed the day with losses. While the DAXEUR index closed horizontally negative due to the continuation of the strong stance in long-term German bond yields. In Germany, March CPI decreased by 0.3% on a monthly basis and was announced as 2.2%. The first trading day of the week is also bullish with the support it receives from the 200-period exponential moving average. When we technically examine the short-term pricing of the DAXEUR index futures contract, we are following the 18000 - 18100 region. As long as the index moves below the region, negative expectations may come to the fore. If downward pricing continues, the 17900 and 17800 levels may be encountered. In the alternative case, permanent pricing above the 18100 - 18200 region may be needed for the upward demand to come to the fore. Under this condition, the 18300 and 18400 levels may come to the fore. Support: 17900 – 17800 Resistance: 18100 – 18200
BTCUSD Weekend left behind a nightmare-like period The only open market with the Iran Israel Bombing News fell to around $ 60,000 with major sales. Altcoins dropped by over 20%. BTC is now waiting for the Halving that will take place next week. We expect altcoins to move as well. Technically, Bitcoin, which broke its 7-day average of around 68,000, can see a 69,000 movement if it breaks the 67,000 resistance again on a daily basis. If sales increase, the 64,000 support is the strongest support. Support: 64,000 - 62,000 Resistance: 67,000 - 69,000
The mild weather forecasts for April in the US are causing negative thoughts about demand to remain at the forefront. The increase in stocks seen last week also supported this thought. While a limited pullback is seen on the production side, the weather continues to be the driving force. The course of the European and US stock markets can be followed during the day. As long as the prices remain below the 1.72 - 1.78 resistance in the upcoming period, a downward view may be at the forefront. In possible declines, 1.66 and 1.62 levels can be targeted. In possible recoveries, the attitude of the 1.72 - 1.78 resistance can be followed. The breaking of this resistance and 4-hour closings in the region may bring the 1.83 and 1.86 levels to our agenda. Support: 1.66 - 1.62 Resistance: 1.72 - 1.78
The US Dollar Index (DXY) rose above 106.00 for the first time this year, hitting a five-month high of 106.117. The DXY remains strong as the Fed can now keep interest rates on hold longer than other major central banks. The first level on the rise is 106.50, the high from November 10. Further up, the DXY could face resistance at 107.35, the high from October 3. On the downside, new support levels should be overcome and the Dollar Index could see itself hovering around the first significant psychological level of 105.50, briefly reverting below and above it. Further down, 104.60 should also act as support ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84, respectively. Support: 105,500-104,600 Resistance: 106,500-107,350
Following last week's CPI, the upward trend in the Classic Dollar Index and US 10-year bond interest rates continues with the Retail Sales data coming in above expectations yesterday. Especially in an environment where the Fed can make a maximum of 2 interest rate cuts by the end of the year and the first interest rate cut has almost been postponed to the September meeting, and where the ECB's June thinking remains at the forefront, the Dollar Index's stance above 105.50 keeps pressure on the EURUSD. Following yesterday's Retail Sales data, all eyes are on the messages that Fed Chair Powell and BoE Chair Bailey will give in light of the latest economic indicators, which may be important. The 1.0616 level can be monitored in intraday upward movements. If this level is exceeded, the 1.0626, 1.0640 and 1.0650 resistances may become important. In possible pullbacks, 1.0602, 1.0592 and 1.0577 will be monitored as support levels. Support: 1.0592 – 1.0577 Resistance: 1.0640 – 1.0650
Following last week's CPI, the upward trend in the Classic Dollar Index and US 10-year bond interest rates continues with the Retail Sales data coming in above expectations yesterday. Especially in an environment where the Fed can make a maximum of 2 interest rate cuts by the end of the year and the first interest rate cut has almost been postponed to the September meeting, and the ECB's June thinking remains at the forefront, the Dollar Index's stance above 105.50 keeps GBPUSD under pressure. Following yesterday's Retail Sales data, all eyes are on the messages that Fed Chair Powell and BoE Chair Bailey will give in light of the latest economic indicators, which may be important. The 1.2434 level can be monitored in intraday upward movements. If this level is exceeded, the resistances of 1.2448, 1.2465 and 1.2478 may become important. In possible pullbacks, 1.2418, 1.2404 and 1.2387 will be monitored as support levels. Support: 1.2404 – 1.2387 Resistance: 1.2465 – 1.2478
Japanese Finance Minister Shunichi Suzuki reiterated today that he is closely monitoring currency movements and will take all possible measures. The Bank of Japan (BoJ)-Federal Reserve (Fed) policy expectations have failed to provide any respite for the Japanese Yen (JPY), which has been under pressure. Meanwhile, the USD/JPY pair is trading near its lowest level in 34 years and remained stable above 154.340 during the Asian session on Tuesday. In intraday downtrends, the 154.29 level could be monitored. If this level is broken, supports at 154.16, 154.01 and 153.88 could become important. In potential uptrends, the 154.44, 154.57 and 154.72 resistance levels will be monitored. Support: 154.160 – 154.010 Resistance: 154.570 – 154.720
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.42. When we evaluate the USDTRY exchange rate in the short term, the 32.05 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 32.45, 32.57 and 32.70. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.02 – 31.81 Resistance: 32.57 – 32.70
Despite the US 10-year Treasury bond yield exceeding 4.6%, Israel's statements that it would escalate geopolitical risks in the Middle East allowed the ounce of gold to move upwards. During the day, construction permits and industrial production data as well as Fed Chair Powell's speech can be monitored due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are following the 2355 - 2365 region, which is currently supported by the 13 (2368) and 34 (2351) period exponential moving averages. As long as the precious metal moves above the 2355 - 2365 region, positive expectations may become dominant. If the upward trend continues, the 2390 and 2400 levels may come to the agenda. In the alternative case, in order for the negative expectation to come to the fore, permanence below the 2355 - 2365 region may be required. In this case, the 2340 and 2330 levels may be encountered. At this stage, the reaction of the 2330 level can be monitored in order for the pullback trend to continue. Support: 2365 - 2355 Resistance: 2390 - 2400
Following Iran’s first direct attack on Israel, Israel’s statements that it would respond to the attack increased oil prices again, while officials in the US and Europe made statements aimed at reducing tensions. The course of the European and US stock markets and developments in the Middle East can be followed during the day. In the upcoming process, pricing outside the 85.00 – 85.50 region and 4-hour closings can clarify the search for direction. The desire to fall may come to the fore with a course below 85.00 and 4-hour closings. In this case, 84.50 and 84.00 levels can be targeted. In possible recoveries, the attitude of the 85.50 resistance can be followed. The breakdown of this resistance and 4-hour closings in the region may bring the 86.00 and 86.50 levels to our agenda. Support: 85.50 – 85.00 Resistance: 86.50 – 87.00
Following Iran’s first direct attack on Israel, Israel’s statements that it would respond to the attack increased oil prices again, while officials in the US and Europe made statements aimed at reducing tensions. The course of European and US stock markets and Middle East developments can be followed during the day. As long as pricing remains at and above the 89.50 – 90.00 support level, an upward outlook may be at the forefront. In possible increases, the 91.00 and 91.50 levels may be targeted. In possible decreases, as long as the 89.50 – 90.00 support level remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 89.50 and 4-hour closings for the continuation of the downward desire. In this case, the 89.00 and 88.50 levels may be on the agenda. Support: 90.00 – 89.50 Resistance: 91.00 – 91.50
The expectations that the stubborn stance of inflation will continue after the retail sales data, which increased above expectations the day before, postponed the Fed's discount expectations. US indices increased their decline rate due to ongoing geopolitical risks and good economic data, and completed the day with a loss of nearly 2%. US industrial production data and Fed Chairman Powell's speech can be followed for index movements during the day. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17800 -17900 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17600 - 17500 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17800 level. If the 17700 level works as support, upward recoveries towards the 17800 - 17900 levels can be followed. Support: 17600 – 17500 Resistance: 17800 – 17900
The European stock markets, which lost value in parallel with the US markets the day before, started the second trading day of the week with sellers. The German Zew index, which will be announced today, is among the titles to be followed along with the statements of the members of various central banks. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17900 -18000 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17700 - 17600 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17900 level. If the 17800 level works as support, upward recoveries towards the 17900 - 18000 levels can be followed. Support: 17700 - 17600 Resistance: 17900 - 18000
BTCUSD, despite recovering on the first day of the week and reaching the $ 67,000 limit, entered a sales process again with the expectation that Israel would make a move against Iran and fell to around $ 62,000. Altcoins reacted more to this movement and recorded decreases of over 10%. BTC is now waiting for the halving that will take place in a few days. We expect altcoins to move as well. Technically, if Bitcoin, which broke its 7-day average of around 68,000, breaks the 64,000 resistance again on a daily basis, we can see a 66,000 movement. If sales increase, the 61,000 support is the strongest support. Support: 61,000 - 59,000 Resistance: 64,000 - 66,000
The natural gas futures contract continues to be under pressure due to mild weather forecasts for April and weakening export figures. The lowest levels in about a month were tested with the decline that occurred yesterday. The course of European and US stock markets can be followed during the day. As long as the pricing remains below the 1.66 - 1.72 resistance in the upcoming period, a downward view may be at the forefront. In possible declines, 1.60 - 1.56 levels can be targeted. In possible recoveries, the attitude of the 1.66 - 1.72 resistance can be followed. Breaking this resistance and 4-hour closings in the region may bring the 1.76 and 1.78 levels to our agenda. Support: 1.60 - 1.56 Resistance: 1.66 - 1.72
The US Dollar Index (DXY) remains above 106.00, hitting a five-month high of 106.386. The DXY remains strong as the Fed can now keep interest rates on hold longer than other major central banks. The first level on the rise is 106.500, the high from November 10. Further up, the DXY Index could face resistance at 107.35, the high from October 3. On the downside, new support levels should be overcome and the Dollar Index could see itself hovering around the first significant psychological level of 105.50, briefly reverting below and above it. Further down, 104.60 should also act as support ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84, respectively. Support: 105,500-104,600 Resistance: 106,500-107,350
The Classic Dollar Index is gradually continuing its upward trend that started last week with the US CPI data. When we reach the middle of the week, the UK and Eurozone CPI data and the speeches of ECB President Lagarde and BoE President Bailey can be followed regarding the macroeconomic developments that may affect the index and parity. Although the CPI data to come from the Eurozone will not create significant pressure on the index due to being final, the UK CPI data can be examined for the course of the index before the current talks on whether the BoE will postpone the interest rate cut after the Fed or whether the BoE will continue the interest rate cut tempo between the ECB and the Fed. The 1.0624 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0609, 1.0592 and 1.0577 may become important. In possible increases, 1.0641, 1.0656 and 1.0674 will be monitored as resistance levels. Support: 1.0592 – 1.0577 Resistance: 1.0641 – 1.0656
The Classic Dollar Index is gradually continuing its upward trend that started last week with the US CPI data. When we reach the middle of the week, the UK and Eurozone CPI data and the speeches of ECB President Lagarde and BoE President Bailey can be followed regarding the macroeconomic developments that may affect the index and parity. Although the CPI data to come from the Eurozone will not create significant pressure on the index due to being final, the UK CPI data can be examined for the course of the index before the current talks on whether the BoE will postpone the interest rate cut after the Fed or whether the BoE will continue the interest rate cut tempo between the ECB and the Fed. The 1.2431 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2440, 1.2450 and 1.2459 may become important. In possible pullbacks, 1.2421, 1.2412 and 1.2402 will be monitored as support levels. Support: 1.2412 – 1.2402 Resistance: 1.2450 – 1.2459
The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 154.63 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is above its 20-day moving average, is at 77.53, while its momentum is at 101.97. The 154.66 level can be followed in intraday upward movements. If this level is exceeded, the 154.72, 154.81 and 154.87 resistances may become important. In possible pullbacks, 154.57, 154.51 and 154.42 will be monitored as support levels. Support: 154.510 - 154.420 Resistance: 154,810 - 154.870
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.52. When we evaluate the USDTRY exchange rate in the short term, the 32.15 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.67 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.03) are on the agenda. Support: 32.42 – 32.21 Resistance: 32.67 – 32.80
With the effect of the increase in the US 10-year Treasury bond yield to 4.67%, ounce gold displayed limited pricing. The precious metal, which opened the day at 2382, is trading around 2380 while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2365 - 2375 region, which is currently supported by the 13 (2375) and 34 (2359) period exponential moving averages. As long as the precious metal moves above the 2365 - 2375 region, positive expectations may become dominant. If the upward trend continues, the 2390 and 2400 levels may come to the agenda. In the alternative case, in order for the negative expectation to come to the fore, permanence below the 2365 - 2355 region may be required. In this case, the 2345 and 2330 levels may be encountered. Support: 2365 - 2355 Resistance: 2390 - 2400
Fed Chairman Powell said on Tuesday that "restrictive policy will likely remain in place until inflation is sustainably directed toward 2%." This situation seems to have left room for some suppression of energy prices. In addition, uncertainty regarding geopolitical risks in the Middle East continues to prevail. The course of crude oil stocks and US stock markets can be monitored by the Energy Information Administration throughout the day. As long as pricing remains below the 85.00-85.50 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 84.00 and 83.50 levels can be targeted. In possible recoveries, as long as the 85.00-85.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 85.50 and 4-hour closings for the continuation of the upward desire. In this case, 86.00 and 86.50 levels may be on the agenda. Support: 84.00-83.50 Resistance: 85.00- 85.50
Fed Chairman Powell said on Tuesday that "restrictive policy will likely remain in place until inflation is sustainably directed toward 2%." This situation seems to have left room for some suppression of energy prices. In addition, uncertainty about geopolitical risks in the Middle East continues to prevail. The Energy Information Administration's crude oil inventories and the course of US stock markets can be monitored throughout the rest of the day. As long as pricing remains below the 90.00 resistance in the upcoming period, a downward outlook may be at the forefront. In possible declines, 89.00 and 88.50 levels can be targeted. In possible recoveries, as long as the 90.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 90.00 and 4-hour closings for the continuation of the upward desire. In this case, 90.50 and 91.00 levels may be on the agenda. Support: 89.00 - 88.50 Resistance: 90.00 - 90.50
With Powell saying that the confidence that the Fed is declining inflation as targeted may last longer than expected, expectations for a June interest rate cut have declined further, while US stock markets closed yesterday in negative territory. The Nasdaq index, which started positively in the middle of the week, albeit limitedly, can be followed during the day due to the course of the US stock markets and its effects on the Beige Book index. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17800 -17900 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17600 - 17500 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17800 level. If the 17700 level works as support, upward recoveries towards the 17800 - 17900 levels can be followed. Support: 17600 – 17500 Resistance: 17800 – 17900
The other day, ECB President Lagarde announced that the first interest rate cut is imminent unless there is a major surprise in inflation. The DAXEUR index closed yesterday with a 1.4% loss before the Eurozone inflation data to be announced today. Today, the course of the US and European stock markets and the Eurozone and UK inflation can be monitored due to their possible effects on index movements. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 17900 -18000 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17700 - 17600 levels can be monitored as support. For positive expectations, the index can be expected to remain above the 17900 level. If the 17800 level works as support, upward recoveries towards the 17900 - 18000 levels can be monitored. Support: 17700 - 17600 Resistance: 17900 - 18000
BTCUSD left behind a day with the highest volatility of recent times yesterday. BTC, which came to the Support and Resistance points many times, managed to stay at the Resistance point at the end of the day. BTC, which started the new day at the $ 64,000 threshold, is now waiting for the Halving, which will take place in a few days. We expect altcoins to move as well. Technically, Bitcoin, which broke its 7-day average of around 68,000, can see a 69,000 movement if it breaks the 66,000 resistance again on a daily basis. If sales increase, the 62,000 support is the strongest support. Support: 62,000 - 59,000 Resistance: 66,000 - 69,000
The natural gas futures contract continues to be under pressure with weak export sales and mild weather conditions for April. The fact that the price increases exceeding 7% on the European side are not reflected in the futures contracts really draws our attention. The course of the US stock markets can be followed later in the day. The lowest levels of approximately one month were tested with the decline that occurred yesterday. The course of the European and US stock markets can be followed during the day. As long as the pricing remains below the 1.66 - 1.72 resistance in the upcoming process, the downward view may be at the forefront. In possible declines, 1.60 - 1.56 levels can be targeted. In possible recoveries, the attitude of the 1.66 - 1.72 resistance can be followed. The breaking of this resistance and 4-hour closings in the region may bring the 1.76 and 1.78 levels to our agenda. Support: 1.60 - 1.56 Resistance: 1.66 - 1.72
The Classic Dollar Index continues its upward trend that started last week with the US CPI data gradually. It blinked at the 107 level tested in October 2023 above the 105.55 level. Since the Fed can now keep interest rates steady longer than other major central banks, the DXY remains strong. The first level in the continuation of the rise is 106,700, the high of November 10. Above, the DXY Index may encounter resistance at 107.35, the high of October 3. On the downside, new support levels must also be overcome and the Dollar Index may see itself hovering around the first important level, the psychological figure of 105.50, and briefly returning below and above. Further down, 104.60 should also act as support, ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84 respectively. Support: 105,500-104,600 Resistance: 106,700-107,350
The Classic Dollar Index, which was under pressure from the 106.25 level, caused EURUSD to create a reaction idea within the trend. Since the reaction pricing that occurred will be interpreted as a correction within the main trend, it should not be expected to create a change in asset outlooks. The scenario of the Classic Dollar Index, which winks at the 107 level tested in October 2023 on the 34 and 100-day averages (103.82 - 104.32 region), is still on our agenda. The 105.55 level can also be followed to answer the question of whether the reaction is complete or not. In terms of basic terms, today, the Unemployment Claims, Philadelphia Fed Manufacturing Index and Existing Home Sales data from the US and the speech of FOMC Members Bowman, Williams and Bostic can be followed. The 1.0675 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0669, 1.0658 and 1.0652 may become important. In possible increases, 1.0686, 1.0692 and 1.0703 will be monitored as resistance levels. Support: 1.0658 - 1.0652 Resistance: 1.0692 - 1.0703
The Classic Dollar Index, which was under pressure from the 106.25 level, caused GBPUSD to create a reaction idea within the trend. Since the reaction pricing that occurred will be interpreted as a correction within the main trend, it should not be expected to create a change in asset outlooks. The 107 level tested in October 2023 on the 34 and 100-day averages (103.82 - 104.32 region) of the Classic Dollar Index should be monitored. The 105.55 level can also be monitored to answer the question of whether the reaction is complete or continuing. In terms of basic terms, today's US Unemployment Benefits Applications, Philadelphia Fed Manufacturing Index and Existing Home Sales data and the speech of FOMC Members Bowman, Williams and Bostic can be followed. The 1.2463 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2454, 1.2438 and 1.2429 may become important. In possible increases, 1.2479, 1.2488 and 1.2504 will be monitored as resistance levels. Support: 1.2438 - 1.2429 Resistance: 1.2479 - 1.2488
Bank of Japan (BoJ) board member Asahi Noguchi said today that "the focus is now on how quickly the policy rate will be adjusted and at what level it will eventually stabilize." Following these mixed comments, the USD/JPY pair was trading near 154.20, losing 0.09% on a daily basis. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 154.29 on the previous trading day, was 0.06%. The RSI indicator for the pair, which is above its 20-day moving average, is at 72.83, while its momentum is at 101.80. The 154.22 level can be followed for intraday downward movements. If this level is broken, the supports at 154.03, 153.77 and 153.57 may become important. In case of possible increases, the resistance levels at 154.48, 154.67 and 154.93 will be monitored. Support: 154.030 – 153.770 Resistance: 154,480 – 154.670
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.42. When we evaluate the USDTRY exchange rate in the short term, the 32.05 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 32.45, 32.57 and 32.70. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.03) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.57 – 32.70
With the support of the US 10-year Treasury bond yield falling to 4.57%, ounce gold has shown some recovery. The precious metal, which opened the day at 2365, is trading around 2374 while the analysis is being prepared. Applications for unemployment benefits, the Philadelphia Fed manufacturing index and existing home sales can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are following the 2355 - 2375 region, which is currently supported by the 13 (2375) and 34 (2359) period exponential moving average. As the precious metal forms within the 2355 - 2375 region, the decision-making phase scenario may be valid. Permanent pricing above the 2375 level may be needed for the positive expectation to be reinforced. In possible recoveries, 2390 and 2400 levels may come to the agenda. In order for the negative expectation to come to the fore, it may be necessary to remain below the level of 2355. In possible declines, the levels of 2340 and 2330 may be encountered. Support: 2365 - 2355 Resistance: 2390 - 2400
Oil prices have been under pressure amid signs that U.S. oil supply remains strong and demand concerns are rising. Energy Information Administration data showed that U.S. crude oil inventories rose by 2.735 million barrels last week, for the fourth week in a row, exceeding market expectations for a 1.6 million barrel increase. The course of U.S. stock markets can be monitored throughout the day. As long as pricing remains below the 83.50-84.00 resistance, a downward trend may be at the forefront. In possible declines, the 82.00 and 81.50 levels may be targeted. In possible recoveries, as long as the 83.50-84.00 resistance remains current, there may be potential for new declines. Therefore, it may be necessary to see a course above 84.00 and 4-hour closings for the continuation of the upward desire. In this case, the 84.50 and 85.00 levels may be on the agenda. Support: 82.00-81.50 Resistance: 83.00-83.50
Oil prices have been under pressure amid signs that U.S. oil supply remains strong and demand concerns are rising. Energy Information Administration data showed that U.S. crude oil inventories rose by 2.735 million barrels last week, for the fourth week in a row, exceeding market expectations for a 1.6 million barrel increase. The course of U.S. stock markets can be monitored throughout the day. As long as pricing remains below the 88.50-89.00 resistance, a downward trend may be at the forefront. In possible declines, the 87.00 and 86.50 levels may be targeted. In possible recoveries, as long as the 88.50-89.00 resistance remains current, there may be potential for new declines. Therefore, it may be necessary to see a course above 89.00 and 4-hour closings for the continuation of the upward desire. In this case, the 89.50 and 90.00 levels may be on the agenda. Support: 87.00-86.50 Resistance: 88.00-88.50
While US stock markets experienced their longest decline since the beginning of the year, the Nasdaq index led the decline with a loss of over 1%. While the weakness in orders from semiconductor supplier ASML Holding and the loss of nearly 4% in Nvidia, which has high index weight, were the catalysts for the pullback in stock markets, the interest rate cuts postponed due to the stubborn course of US inflation are also among the main reasons for the decline in stock markets. When we technically examine the short-term pricing of the Nasdaq index futures contract, we follow the 17700 -17800 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17500 - 17400 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17700 level. If the 17600 level works as support, upward recoveries towards the 17700 - 17800 levels can be observed. Support: 17500 - 17400 Resistance: 17700 - 17800
The day we left behind, European stock markets were positive throughout the session, while Adidas's performance above expectations in the last quarter supported the rise in the DAX40 index. The DAXEUR index futures contract, which limited its declines with the support it received from the 18000 level, started the day with buyers at the 17993 level. When we technically examine the short-term pricing of the DAXEUR index, we are following the 17900 -18000 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17700 - 17600 levels can be followed as support. For positive expectations, the index can be expected to remain above the 17900 level. If the 17800 level works as support, recoveries can be observed upwards towards the 17900 - 18000 levels. Support: 17700 - 17600 Resistance: 17900 - 18000
BTCUSD Yesterday we are experiencing a week with the highest volatility of recent times. BTC, which broke the $ 60,000 band downwards and came to the Support and Resistance points many times, managed to stay at the Resistance point again at the end of the day. BTC, which started the new day above the $ 61,000 threshold, is now waiting for the Halving, which will take place at midnight on Saturday. We expect altcoins to move as well. Technically, if Bitcoin, which broke its 7-day average of around 68,000, breaks the 64,000 resistance again on a daily basis, we can see a 67,000 movement. If sales increase, the 60,000 support is the strongest support. Support: 60,000 - 57,000 Resistance: 64,000 - 67,000
The natural gas futures contract has recovered somewhat due to the forecasts that cool weather conditions may occur in two weeks. The course of the US stock markets can be followed throughout the day. As long as the prices move within the 1.72 - 1.76 region in the upcoming period, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If the increases continue and persistence is seen above the 1.76 resistance, the 1.78 and 1.82 levels may be encountered. If possible declines occur and permanent prices are formed below the 1.70 level, the 1.68 and 1.66 levels may come to the agenda. . Support: 1.68 - 1.66 Resistance: 1.76 - 1.78
The Classic Dollar Index, which is under pressure from the 106.25 level after a 1-week rise. The scenario of the Classic Dollar Index, which is tested on the 34 and 100-day averages (103.82 - 104.32 area) and winks at the 107 level tested in October 2023, is still on our agenda. The 105.55 level can also be followed for the answer to the question of whether the reaction is complete or not. In terms of fundamentals, today's US Unemployment Benefits Applications, Philadelphia Fed Manufacturing Index and Existing Home Sales data and the speech of FOMC Members Bowman, Williams and Bostic can be followed. During the day, 106.005, if the upward move continues, 106.117 resistance zones, if the sale continues as yesterday, 105.670 and 105.450 stand out as support points. Support: 105,670-105,450 Resistance: 106,005-106,117
In a week where the Classic Dollar Index wants to stay above 105.50 and the weak reaction / strong trend theme is at the forefront, we witness that the increases observed in EURUSD and GBPUSD pairs are evaluated as a transition from Euro and Sterling to US Dollar. While this attitude of the index keeps the expectation for the continuation of the pressure on the pairs in the foreground, the geopolitical risk theme and the ECB June, BoE August and Fed September interest rate cut theme support the current pressure. The relevant pressure may want to move to the decision phase again if the Classic Dollar Index reaches the relevant region in the scenario that winks at the 107 level tested in October 2023 above the 34 and 100-day averages (103.82 - 104.32 region). The 1.0634 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0615, 1.0592 and 1.0573 may become important. In possible increases, 1.0657, 1.0676 and 1.0699 will be monitored as resistance levels. Support: 1.0615 – 1.0592 Resistance: 1.0657 – 1.0676
In a week where the Classic Dollar Index wants to stay above 105.50 and the weak reaction / strong trend theme is at the forefront, we witness that the increases observed in EURUSD and GBPUSD pairs are evaluated as a transition from Euro and Sterling to US Dollar. While this attitude of the index keeps the expectation for the continuation of the pressure on the pairs in the foreground, the geopolitical risk theme and the ECB June, BoE August and Fed September interest rate cut theme support the current pressure. The relevant pressure may want to move to the decision phase again if the Classic Dollar Index reaches the relevant region in the scenario that winks at the 107 level tested in October 2023 above the 34 and 100-day averages (103.82 - 104.32 region). The 1.2418 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2394, 1.2365 and 1.2341 may become important. In possible increases, 1.2447, 1.2471 and 1.2500 will be monitored as resistance levels. Support: 1.2365 - 1.2341 Resistance: 1.2447 - 1.2471
According to the latest data released today, Japan's March Consumer Price Index (CPI) rose by 2.7% on an annual basis, compared to a 2.8% increase in February. Following the Japanese inflation data, the USD/JPY pair fell by 0.02% intraday to 154.61. The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 154.41 on the previous trading day, was 0.15%. The RSI indicator for the pair, which is above its 20-day moving average, is at 71.97, while its momentum is at 101.79. Intraday downward movements can be followed at 154.22. If this level is broken, supports at 153.78, 153.14 and 152.70 may become important. In case of possible increases, resistance levels will be monitored at 154.85, 155.30 and 155.93. Support: 153.780 – 153.140 Resistance: 154,850 – 155.300
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.60. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.77 – 32.80
On the last trading day of the week; after Israel responded to the attack carried out by Iran, the ounce of gold moved upwards and exhibited a slight pullback. The precious metal, which opened the day at 2378, is trading around the 2387 level while the analysis is being prepared. When we technically evaluate the short-term ounce gold pricing, we are following the 2365 - 2375 region, which is currently supported by the 13 (2382) and 34 (2371) period exponential moving averages. The upward trend may continue as the precious metal moves above the 2365 - 2375 region. If the upward movements continue, the 2390 and 2400 levels may be encountered. In the alternative view, it may be necessary to see permanence below the 2365 - 2375 region for the negative expectation to come to the fore. In this case, pullbacks towards the 2355 and 2340 levels may be observed. Support: 2375 - 2365 Resistance: 2390 - 2400
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.36. When we evaluate the USDTRY exchange rate in the short term, the 32.04 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.43, 32.51 and 32.62 levels can be observed. Permanent movements above 32.62 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.58) are on the agenda. Support: 32.12 – 31.92 Resistance: 32.43 – 32.51
Markets Will Be Closed Today Due to Good Friday In general, the ounce gold price has extended its recent gains on the expectation that inflation will decrease. Even the tightening comments do not seem to affect the precious metal. Just on Wednesday, Fed Chairman Christopher Waller emphasized that the latest economic data will require interest rate cuts to be delayed or reduced in size. Therefore, the market seems to be underestimating the risk that US interest rate cuts will be later and less significant. The US Personal Consumption Expenditures (PCE) Price Index, the Fed's preferred inflation indicator, will be released today when markets are closed. The rising gold price indicates that the market expects further declines in inflation and will support central banks' interest rate cut moves later this year. Safe haven demand also remains strong. We think that XAUUSD, which has left its $2200 target behind, will also reach its 2400 target. Support: 2185-2175 Resistance: 2200-2212
Today Markets Will Be Closed Because It Is Good Friday If we make a general assessment, it is seen that there is an upward trend in the Energy Section in general. Both WTI and Brent oil are in parallel with an upward trend. This trend seems to continue as long as the Israel Hamas and Ukraine Russia War continues. WTI oil saw a high of 82.90 and a low of 81.27 on the previous trading day. The 82.31 level can be followed in intraday downward movements. In case of falling below this level, the supports of 81.72, 80.68 and 80.10 may become important. In possible increases, 83.35, 83.94 and 84.97 will be followed as resistance levels. Support: 82.31 - 81.72 Resistance: 83.35 - 83.94
Today Markets Will Be Closed Because It Is Good Friday If we make a general assessment, it is seen that there is an upward trend in the Energy Section in general. Both WTI and Brent oil are parallel to each other. This trend seems to continue as long as the Israel-Hamas and Ukraine-Russia War continues. Brent oil, which followed a buying trend on the last trading day, gained 1.37% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 64.46, while its momentum is at 105.69. The 86.37 level can be followed in intraday downward movements. In case of falling below this level, the supports of 85.82, 84.86 and 84.31 may become important. In possible increases, the resistance levels of 87.33, 87.88 and 88.85 will be followed. Support: 86.37 - 85.82 Resistance: 87.33 - 87.88
Despite the Manufacturing PMI data in Europe that resulted below expectations, optimistic developments regarding the Service sector drew attention, while the PMI data regarding the Manufacturing sector in the US, in addition to its below-expected course, fell below the 50 threshold region and followed a negative course. Although it remained in the growth region above the 50 threshold level for the service sector, it provided a negative pricing in the Classic Dollar Index / positive pricing in EURUSD and GBPUSD parity with the below-expected result. When we come to the middle of the week, the results of the German IFO Business Climate Index and the US Core Durable Goods Orders data can be followed in the macroeconomic outlook. The 1.0707 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0715, 1.0723 and 1.0731 may become important. In possible pullbacks, 1.0699, 1.0691 and 1.0683 will be monitored as support levels. Support: 1.0699 – 1.0691 Resistance: 1.0715 – 1.0723
Despite the Manufacturing PMI data in Europe that resulted below expectations, optimistic developments regarding the service sector drew attention, while the PMI data regarding the manufacturing sector in the US, in addition to its below-expected course, fell below the 50 threshold region and followed a negative course. Although the service sector remained in the growth region above the 50 threshold level, it provided a negative pricing in the Classic Dollar Index / positive pricing in EURUSD and GBPUSD parity with the below-expected result. When we come to the middle of the week, the results of the German IFO Business Climate Index and the US Core Durable Goods Orders data can be followed in the macroeconomic outlook. The 1.2455 level can be followed in intraday downward movements. If this level is dropped below, the supports of 1.2444, 1.2432 and 1.2421 may become important. In possible increases, 1.2466, 1.2477 and 1.2489 will be monitored as resistance levels. Support: 1.2444 – 1.2432 Resistance: 1.2466 – 1.2477
The Japanese Yen (JPY) continues to slide against its US counterpart, trading near a decade-low during the Asian session on Wednesday. The Bank of Japan’s (BoJ) cautious approach to further policy normalization marks a major divergence from expectations that the US Federal Reserve (Fed) will delay cutting interest rates amid sticky inflation. The pair closed at 154.85 the previous trading day, marking a daily gain of 0.03%. The RSI indicator for the pair, which is above its 20-day moving average, is at 75.39, while its momentum is at 102.01. The 154.82 level can be monitored for intraday downside movements. If it falls below this level, supports at 154.76, 154.68 and 154.62 could become important. In case of possible increases, resistance levels at 154.90, 154.96 and 155.05 will be monitored. Support: 154,760 – 154,680 Resistance: 154,900 – 155,050
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.57. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.65 – 32.77
Following the US leading services and manufacturing PMI data falling short of expectations, the 10-year Treasury bond yield moving around 4.62% allowed the ounce of gold to move relatively limited. The precious metal, which opened the day at 2321, is trading around 2327 while the analysis is being prepared. Durable goods orders data can be followed during the day due to its possible effects. When we evaluate the short-term pricing of the ounce of gold technically, we can see upward momentum as long as it remains above 2,324.83. The daily gain for the ounce of gold, which closed at 2,328.51 on the previous trading day, was 0.29%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 57.53, while its momentum is at 99.55. The 2,324 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,319, 2,310 and 2,305.38 may become important. In possible increases, 2,333., 2,339. and 2,347 will be monitored as resistance levels. Support: 2319 - 2310 Resistance: 2333 - 2339
It is seen that oil futures contracts increased their gains since yesterday. In this, in addition to the announcement of a 3.2 million barrel decrease in stocks by the American Petroleum Institute, it is also seen that the decision to impose sanctions on Iran is being weighed. Middle East tensions and OPEC+ cuts are other factors supporting the increase in a broader sense. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains at and above the 82.50 - 83.00 support in the upcoming period, an upward trend may be at the forefront. On the WTI side, a downward trend parallel to Brent oil prevails. WTI oil saw a high of 83.27 and a low of 80.77 on the previous trading day. The 82.41 level can be followed in intraday downward movements. In case of falling below this level, the supports of 81.54, 79.90 and 79.04 may become important. In possible increases, 84.05, 84.92 and 86.56 will be monitored as resistance levels. Support: 81.54 - 79.90 Resistance: 84.05 - 84.92
It is seen that oil futures contracts increased their gains since yesterday. In this, in addition to the announcement of a 3.2 million barrel decrease in stocks by the American Petroleum Institute, it is also seen that the decision to impose sanctions on Iran is being weighed. Middle East tensions and OPEC+ cuts are other factors supporting the increase in a broader sense. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. Brent oil, which followed a buying course on the last trading day, gained 1.25% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 51.79, while its momentum is at 96.60. The 86.74 level can be followed in intraday downward movements. In case of falling below this level, the supports of 85.95, 84.44 and 83.65 may become important. In possible increases, 88.25, 89.04 and 90.55 will be monitored as resistance levels. Support: 85.95 – 84.44 Resistance: 88.25 – 89.04
The day we left behind, there were widespread increases led by optimistic expectations that mega-capital companies that will announce their balance sheets this week had a profitable quarter. The Nasdaq index ended the day with an increase of over 1.59%. Supported by the Manufacturing PMI data below expectations announced yesterday, the US growth and PCE data for the US stock markets are among the data to be followed throughout the week due to the economic calendar. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17400-17500 region. As long as the index is above the relevant region, it can be expected that the recoveries will continue. The 17700-17800 levels can be targeted in the increases. With the suppression that may occur around the 50-period exponential moving average 17700, the 17300-17200 levels can be followed as support in the closings below 17400. Support: 17500 – 17400 Resistance: 17700 – 17800
European indices also finished yesterday with a premium, parallel to the US markets. While German software company SAP supported the index with its above-expected balance sheet, DAX40 managed to finish the day in the 1.55% positive region. In a week where the Eurozone economic calendar is calm, the US PCE and growth data can be counted among the important calendar data to follow for index movements. When we examine the short-term pricing of the DAX40 index technically, we are following the 18100 - 18200 region. Positive expectations are at the forefront if the index continues to be priced above the relevant region. As long as the 89-period exponential moving average works as support in increases, 18400 - 18500 levels can be targeted. In possible pullbacks, declines towards 18000 - 17800 levels can be observed in closings below the 18100 - 18200 region. Support: 18100 - 18000 Resistance: 18300 - 18400
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, created pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which started to recover after the halving on Saturday, managed to enter the rising channel again. BTC, which broke the $ 66,000 resistance again this morning, will turn its direction upwards as long as there are no more geopolitical risks. For BTC, which we expect to challenge the $ 68,000 resistance during the day, $ 64,000 seems to be the strongest support. Support: 64,000 - 52,000 Resistance: 68,000 - 72,000
The natural gas futures contract showed a downtrend today after the increase it made yesterday. The fact that the flow has started at the Freeport LNG facility but is still below historical levels and more importantly, the weather forecasts do not support the demand outlook are the main reasons for the pressure. The course of the European and US stock markets can be followed during the day. As long as the prices move within the 1.82 - 1.86 region in the upcoming period, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If the increases continue and persistence is seen above the 1.86 resistance, the 1.89 and 1.92 levels may be encountered. If possible decreases occur and permanent prices are formed below the 1.79 level, the 1.74 and 1.69 levels may come to the agenda. Support: 1.86 - 1.89 Resistance: 1.79 - 1.74
Despite the Manufacturing PMI data in Europe that resulted below expectations, optimistic developments regarding the Service sector drew attention, while the PMI data regarding the Manufacturing sector in the US, in addition to its below-expected course, fell below the 50 threshold region and followed a negative course. Although the service sector remained in the growth region above the 50 threshold level, it caused a negative pricing in the Classic Dollar Index with the result below expectations. Although this reaction did not change the possible expectation towards the 107 level tested in October 2023 on the 34 and 100-day averages (103.96 - 104.63 region) in the Dollar index, it brought the scenario of continuing the reaction below 105.55 to the agenda in the short term. Intraday 105.350 and 105.050 support and 105.890 and 106.010 resistance points stand out before us. Support: 105,350-105,050 Resistance: 105,890-106,010
The partial decline in the Classic Dollar Index and the thought of reaction buying in EURUSD and GBPUSD pairs are occupying the agenda. The fact that high-level data will occupy our agenda in the last two trading days of the week is important for the answer to the question of how willing / unwilling the index and pairs are to react. While US Growth will be our main focus today and PCE Inflation tomorrow, the question of whether there will be a change on the Fed side in the order of interest rate cuts by the ECB (June), BoE (August) and Fed (September) is important for the course of the index and pairs. In addition to the US Growth data today, the Unemployment Benefits Applications and Pending Home Sales data for March, which we reach the result of every week, can also be followed. The 1.0705 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0699, 1.0688 and 1.0681 may become important. In possible increases, 1.0716, 1.0722 and 1.0733 will be monitored as resistance levels. Support: 1.0699 - 1.0688 Resistance: 1.0716 - 1.0722
The partial decline in the Classic Dollar Index and the thought of reaction buying in EURUSD and GBPUSD pairs are occupying the agenda. The fact that high-level data will occupy our agenda in the last two trading days of the week is important for the answer to the question of how willing / unwilling the index and pairs are to react. While US Growth will be our main focus today and PCE Inflation tomorrow, the question of whether there will be a change on the Fed side in the order of interest rate cuts by the ECB (June), BoE (August) and Fed (September) is important for the course of the index and pairs. In addition to the US Growth data today, the Unemployment Benefits Applications and Pending Home Sales data for March, which we reach the result of every week, can also be followed. The 1.2463 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2456, 1.2447 and 1.2441 may become important. In possible increases, 1.2472, 1.2478 and 1.2487 will be monitored as resistance levels. Support: 1.2447 – 1.2441 Resistance: 1.2472 – 1.2478
The Japanese Yen (JPY) continues to slide against its US counterpart, trading near a decade-low during the Asian session on Wednesday. The Bank of Japan’s (BoJ) cautious approach to further policy normalization marks a major divergence from expectations that the US Federal Reserve (Fed) will delay cutting interest rates amid sticky inflation. The pair closed at 155.51 the previous trading day, marking a daily gain of 0.10%. The RSI indicator for the pair, which is above its 20-day moving average, is at 78.63, while its momentum is at 102.47. In intraday downtrends, the 155.41 level can be monitored. If it falls below this level, supports at 155.30, 155.09 and 154.97 could become important. In possible increases, resistance levels at 155.62, 155.73 and 155.94 will be monitored. Support: 155,300 – 155,090 Resistance: 155,620 – 155,730
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.57. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.65 – 32.77
The US 10-year Treasury bond yield moving around 4.65% left room for a limited pullback in gold. The precious metal, which opened the day at 2315, is trading around 2312 while the analysis is being prepared. The growth rate and deflator, unemployment benefits applications and pending housing sales can be monitored during the day due to their possible effects. As long as it remains above 2,314, we can see upward momentum. The daily loss for gold, which closed at 2,315 on the previous trading day, was 0.03%. The upward movement observed in US bond yields is pressuring gold downward. The RSI indicator for gold, which is above its 20-day moving average, is at 55.13, while its momentum is at 98.43. The 2,314 level can be monitored in intraday downward movements. If this level is exceeded, the supports of 2,307, 2,299 and 2,292 may become important. In possible increases, 2,320, 2,330 and 2,338 will be monitored as resistance levels. Support: 2307 - 2299 Resistance: 2320 - 2330
Despite the US Energy Information Administration announcing a 6.4 million barrel decrease in stocks, oil futures contracts were content to follow a balanced course. The course of European and US stock markets and the US Q1 growth data can be followed during the day. A downward trend parallel to Brent oil prevails on the WTI side. WTI oil saw a high of 83.48 and a low of 82.27 on the previous trading day. The 82.79 level can be followed in intraday upward movements. If this level is exceeded, the 83.31, 84.00 and 84.52 resistances may become important. In possible pullbacks, the 82.10, 81.58 and 80.89 support levels will be monitored. .. Support: 82.10 – 81.58 Resistance: 83.31 – 84.00
Despite the US Energy Information Administration announcing a 6.4 million barrel decrease in stocks, oil futures contracts were content to follow a balanced course. The course of European and US stock markets and the US Q1 growth data can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a highest level of 87.74 and a lowest level of 86.71 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.43% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.74, while its momentum is at 96.59. The 87.18 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 87.65, 88.21 and 88.68 may become important. In possible pullbacks, 86.61, 86.15 and 85.58 will be monitored as support levels. Support: 86.61 – 86.15 Resistance: 87.65 – 88.21
While US stock markets were struggling to find direction the day before, the Nasdaq index closed 0.10% horizontally positive. Meta, which lost over 15% with its first quarter balance sheet announced after the US session, created pressure in today's openings. On the day we will follow the US growth data, the Nasdaq index futures contract is trending 1.5% negative in the Asian session. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17300-17400 region. The pricing behavior of the index outside the region will be followed. In closings above 17400, a new upward rally can be observed. In increases, 17500-17600 levels can be targeted. With the desire to decline coming to the fore in the possible suppression around the 50-period exponential moving average 17400, 17200-17100 levels can be followed as support in closings below 17300. Support: 17200 – 17100 Resistance: 17400 – 17500
European indices also finished yesterday with a premium, parallel to the US markets. While German software company SAP supported the index with its above-expected balance sheet, European indices completed yesterday horizontally negative, while the economic calendar for the Eurozone is relatively calm in the week, the US growth data to be announced today can be followed due to its effects on the index. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18000 - 18100 region. Positive expectations are at the forefront if the index continues to be priced above the relevant region. As long as the 89-period exponential moving average works as support in increases, 18200 - 18300 levels can be targeted. In possible pullbacks, declines towards 17800 - 17600 levels can be observed in closings below the 17900 - 18000 region. Support: 17900 - 17800 Resistance: 18100 - 18200
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, put pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which started to recover after the halving on Saturday, fell again yesterday and fell to below $ 64,000. For BTC, which started the day around $ 64,200, the biggest resistance level is 66,000 and the strongest support zone is 62,000. Support: 62,000 - 59,000 Resistance: 66,000 - 68,000
The natural gas futures contract experienced a significant loss in the middle of the week due to the expectation that heating demand would decline ahead of today's stock figures. On the other hand, the relatively weak flow to LNG facilities also supported this situation. The course of the US stock markets can be followed with stock figures during the day. As long as it moves within the 1.70 - 1.74 region, the decision-making phase scenario may be valid. 4-hour closings outside the region can be followed for direction. If the increases continue and persistence is seen above the 1.74 resistance, the 1.79 and 1.82 levels may be encountered. If possible declines occur and permanent pricing occurs below the 1.70 level, the 1.66 and 1.62 levels may come to the agenda. Support: 1.74 - 1.79 Resistance: 1.66 - 1.62
Despite the Manufacturing PMI data in Europe that resulted below expectations, optimistic developments regarding the Service sector drew attention, while the PMI data regarding the Manufacturing sector in the US, in addition to its below-expected course, fell below the 50 threshold region and followed a negative course. Although the service sector remained in the growth region above the 50 threshold level, it caused a negative pricing in the Classic Dollar Index with the result below expectations. Although this reaction did not change the possible expectation towards the 107 level tested in October 2023 on the 34 and 100-day averages (103.96 - 104.63 region) in the Dollar index, it brought the scenario of continuing the reaction below 105.55 to the agenda in the short term. Intraday 105.350 and 105.050 support and 105.890 and 106.010 resistance points stand out before us. Support: 105,350-105,050 Resistance: 105,890-106,010
We are on the most important day of the week. Before the Fed meeting on May 1, the markets will reach the result of the PCE Inflation data, which is a leading indicator for inflation and which the Fed also includes in its projections. Following the latest employment and especially inflation data, the markets are pricing the Fed to cut interest rates in September, and the answer to the question of whether this idea will be supported by the PCE data or revised is important in terms of the Dollar Index and therefore the short-term course of EURUSD and GBPUSD. The 1.0725 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0731, 1.0739 and 1.0745 may become important. In possible pullbacks, 1.0717, 1.0711 and 1.0703 will be monitored as support levels. Support: 1.0717 – 1.0711 Resistance: 1.0731 – 1.0739
We are on the most important day of the week. Before the Fed meeting on May 1, the markets will reach the result of the PCE Inflation data, which is a leading indicator for inflation and which the Fed also includes in its projections. Following the latest employment and especially inflation data, the markets are pricing the Fed to cut interest rates in September, and the answer to the question of whether this idea will be supported by the PCE data or revised is important in terms of the Dollar Index and therefore the short-term course of EURUSD and GBPUSD. The 1.2505 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2515, 1.2532 and 1.2543 may become important. In possible pullbacks, 1.2488, 1.2477 and 1.2461 will be followed as support levels. Support: 1.2488 – 1.2477 Resistance: 1.2515 – 1.2532
The Bank of Japan kept interest rates near zero this morning and issued new forecasts that predict inflation will remain near its 2% target over the next three years, signaling that it is ready to raise borrowing costs later this year. Japan’s Nikkei index also rose more than 1% after the announcement, while the yen fell to its lowest level in 34 years against the dollar after 156, as the decision undermined some key market expectations that the BOJ would raise interest rates. The 155.92 level could be monitored for intraday downtrends. If it falls below this level, supports at 155.67, 155.17 and 154.92 could become important. In case of possible increases, resistance levels at 156.42, 156.67 and 157.17 will be monitored. Support: 155.670 – 155.170 Resistance: 156.420 – 156.670
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.57. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.65 – 32.77
After the US economy grew by 1.6% in the first quarter according to the first reading, despite the 10-year Treasury bond yield moving around 4.7%, the ounce of gold has recovered somewhat. The precious metal, which opened the day at 2331, is trading around 2335 while the analysis is being prepared. The core PCE price index change and Michigan consumer sentiment data can be monitored during the day due to their possible effects. When we evaluate the short-term ounce gold pricing technically, we are monitoring the 2320 - 2340 region, which is currently supported by the 13 (2327) and 34 (2336) period exponential moving averages. Permanent pricing above the 2340 level may be needed for the positive expectation to be reinforced. In possible recoveries, the 2355 and 2365 levels may be on the agenda. Permanence below the 2320 level may be required for the negative expectation to come to the fore. In possible declines, levels 2310 and 2300 may be encountered. Support: 2320 - 2310 Resistance: 2355 - 2365
After the first quarter growth announced below expectations in the US yesterday, although the initial effect was a decline in oil futures, we later saw that recovery came to the fore and that it was heading towards gains before the PCE inflation to be announced today. Therefore, the course of the US stock markets and the PCE inflation data can be followed during the day. All averages were broken with the rise. If the 83.00 - 83.50 support and above is maintained during the day, the upward trend may continue. In possible increases, 84.50 and 85.00 levels can be targeted after the 84.00 resistance. In possible pullbacks, as long as the 83.00 - 83.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 83.00 and 4-hour closings for the continuation of the downward desire. In this case, 82.50 and 82.00 levels may come to the agenda. Support: 83.50 - 83.00 Resistance: 84.50 - 85.00
After the first quarter growth announced below expectations in the US yesterday, although the initial effect on oil futures was a decline, we later saw that recovery came to the fore and that it was heading towards gains before the PCE inflation to be announced today. Therefore, the course of the US stock markets and the PCE inflation data can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 88.03 and a low of 86.24 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.03% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 54.37, while its momentum is at 98.76. The 88.41 level can be followed in intraday downward movements. If this level is dropped, the supports of 87.80, 86.63 and 86.01 may become important. In possible increases, 89.59, 89.90 and 90.38 will be monitored as resistance levels. Support: 88.41 – 87.80 Resistance: 89.59 – 90.38
The day before, the Nasdaq index closed the day in the negative region of 06% after data indicating that growth in the US economy has slowed and inflation is persistent. While Microsoft and Alphabet, who announced their balance sheets after the US Senate, gained value after their financials that were appreciated by market investors, the Nasdaq index futures contract is moving 1.2% positive in the Asian session on the day we will follow the PCE deflator. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17500-17600 region. As long as the index moves above the region, positive expectations are at the forefront. In recoveries, 17800-17900 levels can be targeted in closings above 17700. With the suppression that may occur around the 50-period exponential moving average 17800, the 17400-17300 levels can be followed as support in closings below 17500. Support: 17500 – 17400 Resistance: 17700 – 17800
While European indices finished yesterday negative, the DAXEUR index lost nearly 1% of its value along with the GDP data indicating that the US economy is slowing. In a week where the economic calendar for the Eurozone is relatively calm, the US growth data to be announced today can be monitored due to its effects on the index. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 18100 - 18200 region. The pricing behavior of the index outside the relevant region will be monitored. It may be necessary to see a closing above the 18200 resistance for positive expectations. As long as the 89-period exponential moving average works as support in increases, the 18300 - 18400 levels can be targeted. In possible pullbacks, pullbacks towards the 18000 - 17800 levels can be monitored in closings below the 18100 - 18200 region. Support: 17900 - 17800 Resistance: 18100 - 18200
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, put pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which started to recover after the halving on Saturday, fell again yesterday and fell to below $ 64,000. For BTC, which started the day around $ 64,200, the biggest resistance level is 66,000 and the strongest support zone is 62,000. Support: 62,000 - 59,000 Resistance: 66,000 - 68,000
The natural gas futures contract experienced a significant loss in the middle of the week due to the expectation that heating demand would decline ahead of today's stock figures. On the other hand, the relatively weak flow to LNG facilities also supported this situation. The course of the US stock markets can be followed with stock figures during the day. As long as it moves within the 1.70 - 1.74 region, the decision-making phase scenario may be valid. 4-hour closings outside the region can be followed for direction. If the increases continue and persistence is seen above the 1.74 resistance, the 1.79 and 1.82 levels may be encountered. If possible declines occur and permanent pricing occurs below the 1.70 level, the 1.66 and 1.62 levels may come to the agenda. Support: 1.66 - 1.62 Resistance: 1.74 - 1.79
We are on the most important day of the week. Before the Fed meeting on May 1, the markets will reach the result of the PCE Inflation data, which is a leading indicator for inflation and which the Fed also includes in its projections. Following the latest employment and especially inflation data, the markets are pricing the Fed to cut interest rates in September, and the answer to the question of whether this idea will be supported by the PCE data or revised is important in terms of the course of the Dollar Index. While the classic Dollar Index keeps the reaction idea below the 105.50 - 105.60 region on the agenda before the critical data, optimism on the 34 and 100-day averages (104.00 - 104.73 region) and the expectation that the trend movement will continue to the 107 level tested in October 2023 continue. Intraday support at 105.350 and 105.050 and resistance at 105.890 and 106.010 are emerging. Support: 105,350-105,050 Resistance: 105,890-106,010
In terms of the timing of interest rate cuts by major central banks, it is expected that the ECB will take action in its June meeting, the BoE in its August meeting, and the Fed in its September meeting. In particular, the US Federal Reserve's postponement of the Fed's timing highlights the interest rate cuts of other major banks, while this situation is recorded as a development supporting positive optimism in the Classic Dollar Index, while the medium-term increases in EURUSD and GBPUSD parities are a development supporting the medium-term transition expectations from the Euro and Sterling to the US Dollar. In the new week's dynamics, whether the Fed will support the postponement of the interest rate cut, especially in light of recent developments, is important in order to interpret the course of the index and parities. In intraday downward movements, the 1.0716 level can be monitored. In the event of a drop below this level, the supports of 1.0702, 1.0678 and 1.0664 may become important. In possible increases, 1.0741, 1.0755 and 1.0779 will be monitored as resistance levels. Support: 1.0702 – 1.0678 Resistance: 1.0741 – 1.0755
In terms of the timing of interest rate cuts by major central banks, it is expected that the ECB will take action in the June meeting, the BoE in the August meeting, and the Fed in the September meeting. In particular, the US Federal Reserve Fed's postponement of the timing brings interest rate cuts by other major banks to the forefront, while this situation is a development that supports the medium-term increases in GBPUSD parities from the Euro and Sterling to the US Dollar. In the new week's dynamics, whether the Fed will support the postponement of the interest rate cut, especially in light of recent developments, is important in order to interpret the course of the index and parities. The 1.2523 level can be monitored in intraday downward movements. If this level is dropped below, the supports at 1.2506, 1.2474 and 1.2457 may become important. In possible increases, 1.2555, 1.2573 and 1.2604 will be monitored as resistance levels. Support: 1.2506 – 1.2474 Resistance: 1.2555 – 1.2573
The Japanese Yen (JPY) staged a solid intraday recovery against its US counterpart during the Asian session on Monday from its lowest level since October 1986, rising nearly 500 pips from levels below the psychological mark of 160.00. The sharp intraday rise can be attributed to some interventions by the Japanese authorities to support the local currency, although no official statement has been made so far. This, along with a modest US Dollar (USD) decline, is contributing to the sharp decline witnessed by the USD/JPY pair in the last hour. The 158.09 level can be followed in intraday uptrends. If this level is broken, resistances at 159.57, 161.65 and 163.13 could become important. In case of a pullback, support levels at 156.01, 154.53 and 152.45 will be monitored. Support: 156.010 – 154.530 Resistance: 158.090 – 159.570
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.33. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
Following the decrease in the risk perception towards the Middle East, the US 10-year Treasury bond yield increased to 4.70%, and the ounce of gold has retreated somewhat. The precious metal, which started the week at 2385, is trading around 2346 while the analysis is being prepared. In the coming week, the employment cost index, Conference Board consumer confidence, ISM manufacturing and services PMI data, Fed monetary policy statement and employment data can be monitored due to their possible effects. As long as it remains above 2,329, we can see upward momentum. The daily loss for the ounce of gold, which closed at 2,330 on the previous trading day, was 0.32%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 57.10, while its momentum is at 98.24. The 2,329 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,321, 2,312 and 2,304.54 may become important. In possible increases, 2,338, 2,346 and 2,355 will be monitored as resistance levels. Support: 2321 - 2312 Resistance: 2338 - 2346
Oil prices have started to show recovery efforts, especially since the middle of the week we left behind. The US Energy Information Administration's announcement of a 6.4 million barrel decrease in stocks was effective in this. There will be an intensive data flow in the US next week as well as a Fed monetary policy statement. On the other hand, we will be following the production - stock figures as every week. A downward trend parallel to Brent oil dominates on the WTI side. WTI oil saw a high of 84.17 and a low of 83.10 on the previous trading day. The 83.57 level can be followed in intraday upward movements. If this level is exceeded, the 84.04, 84.64 and 85.11 resistances may become important. In possible pullbacks, 82.97, 82.50 and 81.90 will be monitored as support levels. . Support: 82.97 - 82.50 Resistance: 84.04 - 84.64
Oil prices have started to show recovery efforts, especially since the middle of the week we left behind. The US Energy Information Administration's announcement of a 6.4 million barrel decrease in stocks was effective in this. There will be an intense data flow in the US next week as well as the Fed's monetary policy statement. On the other hand, we will be following the production - stock figures as every week. It is seen that there is a general downward trend. Brent oil saw a high of 88.59 and a low of 87.60 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.08% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 54.73, while its momentum is at 97.79. The 88.08 level can be followed in intraday upward movements. If this level is exceeded, the 88.56, 89.08 and 89.56 resistances may become important. In case of possible pullbacks, 87.57, 87.08 and 86.57 will be monitored as support levels. Support: 87.57 – 87.08 Resistance: 89.08 – 89.56
European stock markets were positive with strong purchases at the beginning of the week when geopolitical risks were postponed and calendar data for the Eurozone was sparse, but they experienced downward pressure in the middle of the week parallel to the US stock market. For the DAXEUR index, which gained close to 2% on a weekly basis, German and Eurozone inflation, Fed interest rate decision and Chairman Powell's statements are among the economic calendar data to be followed for index movements next week. We are following the 18000-18200 region for the DAXEUR index. The index may need to remain above the relevant region for positive expectations. In recoveries that may occur under this condition, the 18400-18640 levels can be followed as medium-term resistance levels. In possible pullbacks, the index breaking the 18000 support downwards and pullbacks from the 100-day EMA to the 17600 level can be monitored. Support: 18000-17600 Resistance: 18400-18640
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, put pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which recovered somewhat over the weekend, fell again on Monday and fell to below $ 62,000. For BTC, which started the day around $ 62,400, 66,000 is the biggest resistance level and 62,000 is the strongest support zone. Support: 62,000 - 59,000 Resistance: 66,000 - 68,000
The US natural gas futures contract tried to hold on above $2 after the maturity change, but could not maintain this. The most important factor in this was the confirmation of weak demand expectations with the increase above expectations in the stock figures published on Thursday. The weather forecasts and stock-production figures will continue to be monitored next week. As long as it moves within the 1.70 - 1.74 region, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If the increases continue and persistence is seen above the 1.74 resistance, the 1.79 and 1.82 levels may be encountered. In case of possible declines and permanent pricing below the 1.70 level, the 1.66 and 1.62 levels may come to the agenda. Support: 1.66 - 1.62 Resistance: 1.74 - 1.79
Last week, the US economy grew by 1.6%, below expectations of 2%2.5 growth. When the slowdown in the economy was accompanied by rigidity in inflation, the decline in expectations of a soft landing for the Fed created pressure on US stock markets. The US core PCE price index, announced on the last trading day of the week, increased by 0.3% monthly in March, in line with expectations, at the same rate as the previous month. This week, the Fed interest rate decision, Chairman Powell's statements after the decision, and the non-farm payrolls data set are among the headlines to be followed for index movements. Ahead of the highly significant calendar data, the Classic Dollar Index is following a profile that continues its upward trend appearance above the 34 and 100-day averages (current 104.03 - 104.73 region). . Intraday support at 105.350 and 105.050 and resistance at 105.890 and 106.010 are emerging. Support: 105,350-105,050 Resistance: 105,890-106,010
The Fed on Wednesday, the Non-Farm Employment data on Friday are the most important developments of the week in terms of interpreting the course of the Dollar Index, especially the EURUSD and GBPUSD parities. In theoretical terms, index optimism supports the short and medium term expectations of a transition from the Euro and Sterling to the US Dollar. When we focus on today, we will meet the German Growth, US Conference Board Consumer Confidence and Employment Cost Index data. The Classic Dollar Index, while keeping the optimism on the 34 and 100-day averages (104.05 - 104.80 region) and the expectation that the trend movement will continue to the level of 107 tested in October 2023 in the foreground, offers a weak tempo in reaction thinking with the desire to stay above the level of 105.50 in the short term. The 1.0711 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0719, 1.0734 and 1.0742 may become important. In case of possible pullbacks, 1.0696, 1.0687 and 1.0673 will be monitored as support levels. Support: 1.0687 – 1.0673 Resistance: 1.0719 – 1.0734
The Fed on Wednesday, the Non-Farm Employment data on Friday are the most important developments of the week in terms of interpreting the course of the Dollar Index, especially the EURUSD and GBPUSD pairs. In theoretical terms, index optimism supports the short and medium term expectations of a transition from the Euro and Sterling to the US Dollar. When we focus on today, we will meet the German Growth, US Conference Board Consumer Confidence and Employment Cost Index data. The Classic Dollar Index, while keeping the optimism on the 34 and 100-day averages and the expectation that the trend movement will continue to the level of 107 tested in October 2023 in the foreground, offers a weak tempo in reaction thinking with the desire to stay above the level of 105.50 in the short term. The level of 1.2551 can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2560, 1.2576 and 1.2585 may become important. In case of possible pullbacks, 1.2535, 1.2526 and 1.2510 will be monitored as support levels. Support: 1.2526 – 1.2510 Resistance: 1.2576 – 1.2585
Japanese Yen (JPY), When asked whether he entered the markets to support the Japanese Central Bank (BoJ) when deemed necessary, Japan's top foreign exchange diplomat Masato Kanda said he had no comments on foreign exchange intervention for now. It is observed that the pair is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 156.81 on the previous trading day, was 0.30%. The RSI indicator for the pair, which is above its 20-day moving average, is at 70.93, while its momentum is at 102.41. The 156.62 level can be followed in intraday downward movements. If this level is broken, the supports at 156.26, 155.70 and 155.34 may become important. In possible increases, the resistance levels of 157.18, 157.54 and 158.10 will be monitored. Support: 156.260 – 155.700 Resistance: 157.180 – 157.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.43. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
On the last trading day of April; Although the US 10-year Treasury bond interest rate did not fall to 4.61%, the ounce of gold recorded a slight pullback. The precious metal, which opened the day at 2333, is trading around 2327 while the analysis is being prepared. Employment cost index, Chicago PMI and Conference Board consumer confidence data can be monitored during the day due to their possible effects. As long as it remains below 2,329, we may see downward relaxations. The daily loss for the ounce of gold, which closed at 2,326 on the previous trading day, was 0.37%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 56.10, while its momentum is at 99.26. The 2,329 level can be monitored in intraday upward movements. If this level is exceeded, the 2,333, 2,339 and 2,343 resistances may become important. In case of possible pullbacks, 2,323, 2,320 and 2,313 will be monitored as support levels. Support: 2320 - 2313 Resistance: 2333 - 2339
Oil futures continued their downtrend amid speculation that more progress has been made on a possible ceasefire between Israel and Hamas. We will be following the course of European and US stock markets and the Middle East agenda during the day. Efforts to fall below the averages are being monitored. As long as price movements can hold below the 83.00 resistance, the downward trend may be one step ahead. In possible declines, 82.00 and 81.50 levels may be targeted. On the WTI side, a downtrend parallel to Brent oil prevails. WTI oil saw a high of 83.63 and a low of 82.18 on the previous trading day. In intraday upward movements, the 82.78 level may be followed. If this level is exceeded, the 83.37, 84.22 and 84.82 resistances may become important. In possible pullbacks, 81.92, 81.33 and 80.47 will be monitored as support levels. Support: 81.92 – 81.33 Resistance: 83.37 – 84.22
Oil futures continued their downtrend amid speculation that more progress has been made on a possible ceasefire between Israel and Hamas. We will be following the course of European and US stock markets as well as the Middle East agenda during the day. It seems that there is a general downtrend. Brent oil saw a high of 88.14 and a low of 86.89 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.92% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.95, while its momentum is at 97.26. The 87.42 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 87.96, 88.68 and 89.21 may become important. In case of possible pullbacks, 86.70, 86.17 and 85.45 will be monitored as support levels. Support: 86.17 – 85.45 Resistance: 87.96 – 88.68
The Nasdaq index, which has been under downward pressure throughout the current month, showed recovery in the last week of the month thanks to higher than expected corporate profits during the earnings season. The index, which managed to complete the first trading day of the week in the positive region, can be followed for index movements, especially the Fed interest rate decision to be announced tomorrow, and Amazon and AMD balance sheets, which are expected to announce their balance sheets after the US session close today. We are following the 17800-18000 region of the Nasdaq index. As long as the index is under pressure below the relevant region, it can be expected that the index will continue to decline. On the downside, the 17600-17500 levels can be followed as medium-term support levels. In recoveries that may be seen if the index receives support from the 17800-18000 region, the 18300-18700 levels can be followed as resistance. Support: 17600-17500 Resistance: 17900-18000
The mixed trend prevailed in European stock markets after German inflation, which rose for the first time since December, while the DAXEUR index ended the day with a 0.24% decrease. While Eurozone inflation and growth data regarding the regional economy will be monitored today, the Fed interest rate decision to be announced tomorrow is also among the headlines to be followed for index movements. When we examine the short-term pricing of the DAXEUR index technically, we are monitoring the 18100 - 18200 region. As long as it moves above the relevant region, positive expectations are at the forefront for the index. As long as the 89-period exponential moving average works as support in increases, 18300 - 18400 levels can be targeted. In the possible suppression below the 18300 level, which worked as resistance in previous pricings, negative expectations can come to the fore with the breakdown of the 18100 support. Under this condition, 18000 - 17900 levels can be monitored as support. Support: 18000 – 17900 Resistance: 18200 – 18300
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, put pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which recovered a little last night, fell again this morning and fell to $ 63,000. For BTC, which started the day around $ 63,400, the biggest resistance level is 66,000 and the strongest support zone is 62,000. Support: 62,000 - 59,000 Resistance: 66,000 - 68,000
US natural gas futures have highlighted the upward effort with the idea that the hot weather forecasts in the country will increase the demand for natural gas by electricity producers. With the increases that occurred yesterday, we are following the course above the averages. The course of European and US stock markets can be followed during the day. Since we are far from all averages, we will follow the support areas in the region for now. As long as the prices remain at and above the 1.80 - 1.76 support, the upward view may be one step ahead. In possible increases, 1.86 and 1.92 levels can be targeted. In decreases, as long as the 1.80 - 1.76 support remains current, new upward potential may occur. 4-hour closings below 1.76 may cause the correction area to expand and the averages to be questioned. Support: 1.80 - 1.76 Resistance: 1.86 - 1.92
The Fed on Wednesday and the Non-Farm Payrolls data on Friday are the most important developments of the week in terms of interpreting the course of the Dollar Index. In theoretical terms, index optimism supports the short- and medium-term expectations of a transition to the US Dollar. We will follow the developments both today and the rest of the week in terms of the extent to which the macro framework will support this. When we focus on today, we will meet the German Growth, US Conference Board Consumer Confidence and Employment Cost Index data. The Classic Dollar Index, while keeping the optimism above the 34 and 100-day averages (104.05 - 104.80 region) and the expectation that the trend movement will continue to the level of 107 tested in October 2023 in the foreground, offers a weak tempo in reaction thinking with the desire to stay above the level of 105.50 in the short term. Intraday 105.350 and 105.050 are the support points and 106.010 and 106.540 are the resistance points. Support: 105,350-105,050 Resistance: 106,010-106,540
We are on the most important day of the week. We will examine the decisions of the Federal Open Market Committee (FOMC) and the speech of Fed Chairman Powell. We will follow both the statement and the chairman's guidance in answering the question of how much change the rigidity in inflation will create in the bank's current expectations before the economic projections in June. The Dollar Index, and therefore the EURUSD and GBPUSD parities, may create significant pricing reactions in the current process. Before the critical Fed, the Classic Dollar Index follows a profile that continues the idea of a strong dollar, a weak Euro and Sterling, with optimism on the 34 and 100-day averages (104.14 - 104.94 region) and the expectation of reaching the 107 level tested in October 2023. The 1.0681 level can be followed in intraday upward movements. If this level is exceeded, the 1.0709, 1.0734 and 1.0742 resistances may become important. In case of possible pullbacks, 1.0646, 1.0627 and 1.0573 will be monitored as support levels. Support: 1.0646 – 1.0627 Resistance: 1.0681 – 1.0709
We are on the most important day of the week. We will examine the decisions of the Federal Open Market Committee (FOMC) and the speech of Fed Chairman Powell. We will follow both the statement and the chairman's guidance in answering the question of how much change the rigidity in inflation will create in the bank's current expectations before the economic projections in June. The Dollar Index, and therefore the EURUSD and GBPUSD parities, may create significant pricing reactions in the current process. Before the critical Fed, the Classic Dollar Index prioritizes the expectation of reaching the 107 level tested in October 2023 with optimism on the 34 and 100-day averages (104.14 - 104.94 region). The 1.2501 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2520, 1.2546 and 1.2565 may become important. In possible pullbacks, 1.2455, 1.2426 and 1.2390 will be monitored as support levels. Support: 1.2455 – 1.2426 Resistance: 1.2520 – 1.2546
Japanese Yen (JPY), When asked whether he entered the markets to support the Japanese Central Bank (BoJ) when deemed necessary, Japan's top foreign exchange diplomat Masato Kanda said he had no comments on foreign exchange intervention for now. It is observed that the pair is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 157.81 on the previous trading day, was 0.60%. The RSI indicator for the pair, which is above its 20-day moving average, is at 70.93, while its momentum is at 102.41. The 156.62 level can be followed in intraday downward movements. If this level is broken, the supports at 157.26, 156.70 and 156.34 may become important. In possible increases, the resistance levels of 158.18, 158.54 and 159.10 will be monitored. Support: 157.260 – 156.700 Resistance: 158.180 – 158.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.38. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
On the first trading day of May; With the effect of the US 10-year Treasury bond interest rate increasing to 4.67%, ounce gold recorded prices where the desire to decrease was at the forefront. The precious metal, which opened the day at 2286, is trading around 2287 while the analysis is being prepared. During the day, ADP non-farm employment change, ISM manufacturing PMI, JOLTS job opportunities data and Fed monetary policy statement can be followed due to their possible effects. As long as it remains below 2,295, we can see downward relaxations. The upward movement observed in US bond interest rates is pressuring ounce gold downward. While the RSI indicator for ounce gold, which is above its 20-day moving average, is at 56.10, its momentum is at 99.26. The 2,295 level can be followed in intraday upward movements. If this level is exceeded, 2,305, 2,319 and 2,333 resistances may become important. In case of possible pullbacks, 2,282, 2,2270 and 2,253 will be monitored as support levels. Support: 2295 - 2305 Resistance: 2282 - 2270
Oil futures contracts have been suppressed by speculation that progress has been made in the hostage swap talks in the Middle East, the possible hawkish Fed stance in the face of high inflation in the US, as well as the American Petroleum Institute's announcement of a 4.9 million barrel increase in stocks. The stock figures to be announced by the US Energy Information Administration and the Fed's monetary policy statement can be followed during the day. We are following pricing below the averages. A downward trend may be at the forefront under the 82.00 - 82.50 resistance, where the average density is. In possible declines, the 80.50 and 80.00 levels can be targeted. On the WTI side, a downward trend parallel to Brent oil prevails. In intraday upward movements, the 81.58 level can be followed. If this level is exceeded, the 82.37, 83.22 and 83.82 resistances may become important. In possible pullbacks, the 80.92, 80.33 and 79.47 support levels will be monitored. Support: 80.92 – 80.33 Resistance: 81.58 – 82.37
Oil futures contracts have been suppressed by speculation that progress has been made in the hostage swap talks in the Middle East, a possible hawkish Fed stance in the face of high inflation in the US, as well as the American Petroleum Institute's announcement of a 4.9 million barrel increase in stocks. The stock figures to be announced by the US Energy Information Administration and the Fed's monetary policy statement can be followed during the day. It is seen that there is a general downtrend. Brent oil, which followed a selling trend on the last trading day, lost 1.92% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.95, while its momentum is at 97.26. The 85.92 level can be followed in intraday upward movements. If this level is exceeded, the 86.16, 86.68 and 87.21 resistances may become important. In case of possible pullbacks, 85.70, 85.17 and 84.45 will be monitored as support levels. Support: 85.17 – 84.45 Resistance: 86.16 – 86.68
The increase in US labor costs and the decrease in consumer confidence that exceeded expectations the other day caused the Nasdaq index to lose 2% of its value. Amazon, which announced its balance sheet after the US session closed, increased by over 5% with strong sales in its cloud computing business, while ADP private sector employment, JOLTS job postings and ISM Manufacturing PMI data can be followed for index movements before the Fed interest rate decision today. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17400-17500 region. As long as the index is below the region, negative expectations are at the forefront. In declines, 17300-17200 levels can be followed as support. For positive expectations, the index can be expected to close above 17500. Under this condition, recoveries towards 17600-17700 levels can be followed. Support: 17300 – 17200 Resistance: 17500 – 17600
BTCUSD, Bitcoin fell 14 percent in April, recording its steepest monthly decline since the 16 percent loss in November 2022 when FTX crashed. After breaking the 60,000 band, BTC, which is trying to recover, fell to 59,000 levels again with the increase in sales in the Night ETF Report. BTC, which is currently moving at 59,800 levels, is facing FED Pressure Today. ALTCOINS, which are trying to enter an upward trend with ETH ETF News, have hit the bottom, so to speak. If MAY passes with sales like in previous years, a very difficult process will begin for both BTC and Altcoins. Currently, 59,000 appears as the strongest resistance. In increases that can be sustained above 61,300, BTC has a clear path to 66,000. Since there will be a lot of volatility today, we would like to warn our investors to be careful. Support: 62000 – 59000 Resistance: 66000 – 68000
The natural gas futures contract seems to be under pressure due to the problems in returning the Freeport facility to full capacity and the possible hawkish Fed agenda. The course of the US stock markets and the Fed monetary policy statement can be followed during the day. Since we are far from all averages, we will follow the support areas in the region for now. As long as the prices remain at and above the 1.70 - 1.66 support, the upward view may be one step ahead. In possible increases, the 1.76 and 1.82 levels can be targeted. In decreases, as long as the 1.70 - 1.66 support remains current, new upside potential may occur. 4-hour closings below 1.66 may cause the correction area to expand and the averages to be questioned. Support: 1.70 - 1.66 Resistance: 1.76 - 1.82
We are on the most important day of the week. We will examine the decisions of the Federal Open Market Committee (FOMC) and the speech of Fed Chairman Powell. We will follow both the statement and the chairman's guidance in answering the question of how much change the rigidity in inflation will create in the bank's current expectations before the economic projections in June. Before the critical Fed, the Classic Dollar Index keeps the expectation of reaching the 107 level tested in October 2023 with optimism on the 34 and 100-day averages (104.14 - 104.94 region). The whole week should be followed carefully to answer the question of whether the attitude of the index will be a reaction sale or a positive trend rally when it reaches / approaches the 107 level. Intraday 106,050 and 105,800 support and 106,610 and 106,940 resistance points stand out. Support: 106,050-105,800 Resistance: 106,610-106,940
We have left the most important development of the week (Fed) behind. The reaction of the Classic Dollar Index limited the declines in EURUSD. Despite the reaction (decline) observed on the index front, optimism continues on the 34 and 100-day averages (104.14 - 104.94 region). In this respect, the expectation of reaching the 107 level tested in October 2023, therefore, the idea of a strong dollar and a weak Euro and Sterling remains on the table. After the Fed, our main focus will be on Friday's Nonfarm Payrolls and Average Hourly Earnings data. Today, Manufacturing PMI from Germany and Unemployment Claims from the US may be on our radar. The 1.0715 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0708, 1.0700 and 1.0692 may become important. In possible increases, 1.0724, 1.0731 and 1.0740 will be monitored as resistance levels. Support: 1.0700 – 1.0692 Resistance: 1.0731 – 1.0740
We have left the most important development of the week (Fed) behind. The reaction of the Classic Dollar Index also limited the declines in GBPUSD. Despite the reaction (decline) observed on the index front, optimism continues on the 34 and 100-day averages (104.14 - 104.94 region). In this respect, the expectation of reaching the 107 level tested in October 2023, therefore, the idea of a strong dollar and a weak Euro and Sterling remains on the table. After the Fed, our main focus will be on Friday's Nonfarm Payrolls and Average Hourly Earnings data. Today, Manufacturing PMI from Germany and Unemployment Claims from the US may be on our radar. The 1.2530 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2519, 1.2504 and 1.2493 may become important. In possible increases, 1.2545, 1.2556 and 1.2570 will be monitored as resistance levels. Support: 1.2504 – 1.2493 Resistance: 1.2556 – 1.2570
Masato Kanda, Japan’s top foreign exchange diplomat who will instruct the BOJ to intervene if necessary, declined to confirm whether Japanese authorities had entered the foreign exchange (FX) market early Thursday after the yen strengthened sharply. Kanda added that they would release intervention data later this month. The USD/JPY pair was last seen trading at 155.67, up 0.68% on the day. The pair closed at 155.85 the previous trading day, up 0.86% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 58.17, while its momentum is at 100.74. The 155.45 level could be followed for downside movements during the day. If this level is broken, supports at 154.61, 153.38 and 152.54 may become important. In case of possible increases, resistance levels at 156.69, 157.52 and 158.76 will be monitored. Support: 154.610 - 154.380 Resistance: 156.690 - 157.520
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.38. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
Following the Fed's monetary policy statement, the ounce of gold showed some recovery with the support of the US 10-year Treasury bond interest rate falling to 4.62%. The precious metal, which opened the day at 2320, is trading around the 2320 level while the analysis is being prepared. Applications for unemployment benefits can be monitored during the day due to their possible effects. As long as it remains below the 2,321 level, we can see downward relaxations. The daily gain for the ounce of gold, which closed at 2,319 on the previous trading day, was 0.00%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 53.86, while its momentum is at 97.35. The 2,321 level can be followed in intraday upward movements. If this level is exceeded, the 2,325, 2,330 and 2,33 resistances may become important. In possible pullbacks, the 2,315, 2,312 and 2,306 support levels will be monitored. . Support: 2312 - 2306 Resistance: 2325 - 2330
Crude oil inventories in the US increased by 7.3 million barrels in the week ending April 26. The sharpest weekly increase since February highlighted concerns about weak demand, putting pressure on oil futures. In the Asian session, a very small portion of these losses were recovered. Speculation that progress had been made in the hostage swap talks between Israel and Hamas in recent days had also put pressure on them. The course of European and US stock markets can be followed during the day. On the WTI side, a downward trend parallel to Brent oil prevails. WTI oil saw a high of 81.25 and a low of 78.57 on the previous trading day. In intraday upward movements, the 79.57 level can be followed. If this level is exceeded, the resistances of 80.57, 82.25 and 83.25 may become important. In possible pullbacks, 77.89, 76.89 and 75.21 will be monitored as support levels. Support: 80.57 – 82.25 Resistance: 77.89 – 76.89
Crude oil inventories in the US increased by 7.3 million barrels in the week ending April 26. The sharpest weekly increase since February highlighted concerns about weak demand, putting pressure on oil futures. In the Asian session, a very small portion of these losses were recovered. Speculation that progress had been made in the hostage swap talks between Israel and Hamas in recent days had also put pressure on them. The course of European and US stock markets can be followed during the day. Brent oil saw a high of 85.76 and a low of 83.19 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 2.86% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 34.18, while its momentum is at 92.92. The 84.13 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 85.08, 86.71 and 87.66 may become important. In case of possible pullbacks, 82.50, 81.56 and 79.93 will be monitored as support levels. Support: 82.50 – 81.56 Resistance: 85.08 – 86.71
The day before, the Fed did not change interest rates, while Chairman Powell's lack of hawkishness as feared supported stock markets. The Nasdaq index, which had a premium of over 1% after the decision, gave back its gains at the end of the session. The employment data set to be announced tomorrow is the leading critical data to be followed for the Nasdaq index, which has been positive in the Asian session on the new day. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17400-17500 region. As long as the index is below the region, negative expectations are at the forefront. In declines, the 17300-17200 levels can be followed as support. For positive expectations, the index can be expected to close above the 17500 level. Under this condition, recoveries towards the 17600-17700 levels can be followed. Support: 17300 – 17200 Resistance: 17500 – 17600
The day before, European stock exchanges were closed due to World Workers' Day, and the Fed did not push interest rates to change the day after, and the DAXEUR futures contract was negative among the titles to be followed for index movements. OMI data belonging to Eurozone countries can be followed for index movements during the day. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17900 - 18000 region. As long as it is below the relevant region for the index, negative expectations are at the forefront. In the continuation of the pullbacks, the 17800 - 17700 levels can be followed as support. As long as the 89-period exponential moving average (18000) works as support in possible recoveries, the 18100 - 18200 levels can be targeted. In the possible suppression below the 18200 level, which worked as resistance in previous pricings, sags towards the 17900 support can be followed. Support: 17800 – 17700 Resistance: 18100 – 18200
BTCUSD, Bitcoin fell 14 percent in April, recording its steepest monthly decline since the 16 percent loss in November 2022 when FTX crashed. After breaking the 60,000 band, BTC, which is trying to recover, fell back to 56,000 levels with CZ's Prison News and the increase in sales in ETFs. BTC, which is currently moving at 57,500 levels, is still facing selling pressure. ALTCOINS, which are trying to enter an upward trend with ETH ETF News, have hit the bottom, so to speak. If MAY passes with sales like in previous years, a very difficult process will begin for both BTC and Altcoins. Currently, 59,000 is the strongest resistance. In increases that can be sustained above 61,300, BTC has a clear path to 66,000. Since there will be a lot of volatility today, we would like to warn our investors to be careful. Support: 56000 – 52000 Resistance: 59000 – 62000
Natural gas futures in the US showed an effort to recover in the Asian session after being suppressed by uncertainty about the flow of liquid natural gas and the relatively weak demand outlook. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. Since all averages are far from each other, we will follow the support areas in the region for now. As long as the prices remain at and above the 1.72 - 1.68 support, the upward trend may be one step ahead. In possible increases, 1.78 and 1.82 levels can be targeted. In decreases, as long as the 1.72 - 1.68 support remains current, new upside potential may occur. 4-hour closings below 1.68 may cause the correction area to expand and the averages to be questioned. Support: 1.72 - 1.68 Resistance: 1.78 - 1.82
We have left the most important development of the week (Fed) behind. The reaction of the Classic Dollar Index limited the declines in the pairs. Despite the reaction (decline) observed on the index front, optimism continues on the 34 and 100-day averages (104.14 - 104.94 region). In this respect, the expectation of reaching the 107 level tested in October 2023 and the idea of a strong dollar remains on the table. After the Fed, our main focus will be on Friday's Nonfarm Payrolls and Average Hourly Earnings data. Today, Manufacturing PMI from Germany and Unemployment Claims from the US may be on our radar. The 105,600 level can be followed in intraday downward movements. If this level is dropped, the 105,340 support may become important. In possible increases, 105,880 and 106,000 will be monitored as resistance levels. Support: 105,600-105,340 Resistance: 105,880-106,000
It is the last trading day of the week. All eyes will now be on the Nonfarm Payrolls and Average Hourly Earnings/Income data. Both the employment market and whether wage increases will create additional pressure on inflation are the fundamental developments that will be included in today's pricing area. While the losses in the Classic Dollar Index are noteworthy ahead of the critical US data, we observe that the relevant losses are approaching the 34- and 100-day averages (104.14 - 104.94 region) that support the positive trend. Despite the recent decline, the strong dollar sentiment continues due to the expectation that the index can reach the 107 level tested in October 2023. The 1.0732 level can be followed in intraday downward movements. If this level is dropped below, the supports of 1.0724, 1.0715 and 1.0707 may become important. In possible increases, 1.0741, 1.0749 and 1.0758 will be monitored as resistance levels. Support: 1.0724 – 1.0715 Resistance: 1.0749 – 1.0758
It is the last trading day of the week. All eyes will now be on the Nonfarm Payrolls and Average Hourly Earnings/Income data. Both the employment market and whether increases in wages will create additional pressure on inflation are the fundamental developments that will be included in today's pricing area. While the losses in the Classic Dollar Index are noteworthy ahead of the critical US data, we observe that the relevant losses are approaching the 34 and 100-day averages (104.14 - 104.94 region) that support the positive trend. Despite the recent decline, the strong dollar sentiment continues due to the expectation that the index can reach the 107 level tested in October 2023. The 1.2543 level can be followed in intraday downward movements. If this level is dropped below, the supports of 1.2528, 1.2506 and 1.2491 may become important. In possible increases, 1.2566, 1.2581 and 1.2603 will be monitored as resistance levels. Support: 1.2528 – 1.2506 Resistance: 1.2566 – 1.2581
The Japanese Yen (JPY) found buyers for the third consecutive day on Friday and the fourth in the previous five days, and climbed to its highest level in nearly three weeks against its American counterpart during the Asian session. Speculation that Japan’s financial authorities will intervene for the second time this week to support the local currency on Thursday emerged as a major factor supporting the JPY. Meanwhile, the US Dollar (USD) added to its post-FOMC losses, further contributing to the bearish tone surrounding the USD/JPY pair. The 153.17 level can be monitored for intraday upward movements. If this level is broken, resistances at 153.58, 154.21 and 154.62 could become important. In case of a possible pullback, 152.54, 152.13 and 151.50 will be monitored as support levels. Support: 152.540 – 152.130 Resistance: 153.580 – 154.210
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.38. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
On the last trading day of the week, the ounce of gold increased slightly due to the easing of the US 10-year Treasury bond yield towards 4.58%. The precious metal, which opened the day at 2303, is trading around the 2302 level while the analysis is being prepared. Average hourly earnings, unemployment rate, non-farm payrolls change and ISM services PMI can be monitored during the day due to their possible effects. As long as it remains above the 2,304 level, we can see upward accelerations. The daily gain for the ounce of gold, which closed at 2,305 on the previous trading day, was 0.10%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 51.19, while its momentum is at 97.65. The 2,304 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,301, 2,297 and 2,285 may become important. In possible increases, 2,308, 2,310 and 2,324 will be monitored as resistance levels. Support: 2297 - 2285 Resistance: 2310 - 2324
Oil prices, after falling to their lowest levels in about a month and a half due to the decline in Middle East risk and increasing stocks in the US, made a limited recovery attempt in the Asian session. News that Hamas prepared a plan for a temporary ceasefire and planned to send delegates to Egypt for this purpose was effective in this situation. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw its highest level of 79.60 and its lowest level of 78.15 on the previous trading day. The 78.85 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 79.56, 80.30 and 81.00 may become important. In possible pullbacks, 78.11, 77.40 and 76.66 will be monitored as support levels. Support: 78.11 – 77.40 Resistance: 79.56 – 80.30
Oil prices, after falling to their lowest levels in about a month and a half due to the decline in Middle East risk and increasing stocks in the US, made a limited recovery attempt in the Asian session. News that Hamas prepared a plan for a temporary ceasefire and planned to send delegates to Egypt for this purpose was effective in this situation. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 84.28 and a low of 82.93 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.17% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 35.04, while its momentum is at 93.51. The 83.60 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 84.27, 84.95 and 85.63 may become important. In case of possible pullbacks, 82.92, 82.25 and 81.57 will be monitored as support levels. Support: 82.92 – 82.25 Resistance: 84.27 – 84.95
The technology index, which was positive the day we left behind, was supported by Apple with its first quarter earnings report announced after the session. Apple, which increased by over 6% after the earnings report, announced the largest share buyback program in its history. We will follow the US employment data set on the last trading day of the week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17600-17700 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, 17700 - 17800 levels can be followed as resistance. In decreases, 17600 -17500 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17500 level. 17400 - 17300 levels can be followed as support. Support: 17600 - 17500 Resistance: 17700 - 17800
The day before, European stock markets were selling while the DAXEUR index closed 0.20% negative. The index, which started the day negatively before the US employment data to be announced today, continues its suppressed appearance below the 20 and 89-period exponential moving average. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17900 - 18000 region. As long as it moves below the relevant region, negative expectations are at the forefront. In the continuation of the pullbacks, the 17800 - 17700 levels can be followed as support. In possible recoveries, the 18100 - 18200 levels can be targeted as long as the 89-period exponential moving average (18000) works as support. In the possible suppression below the 18200 level, which worked as resistance in previous pricing, sags towards the 17900 support can be observed. Support: 17800 – 17700 Resistance: 18100 – 18200
BTCUSD, Finally, as of yesterday, we saw signs of recovery in BTC, we returned to the 59500 levels. BTC, which showed signs of recovery again with the purchases in the ETF that came yesterday, may start its journey to the 66000 band again if it maintains its upward position in the Non-Farm Employment Data today. Since Blackrock's selling position was higher for the first time, a correction of 7000 USD in 1 week showed once again how important the ETF is for Bitcoin. In fact, we better understood the reason why it is called the BTC ETF Bull. If it breaks the 60000 band during the day, the most important support level is $ 58000 in open pullbacks up to 62000, if the selling position continues from here, we may see a pullback to $ 56000. Support: 58000 - 56000 Resistance: 60000 - 62000
Following the data indicating that natural gas stocks in the US increased below expectations (increase of 59 billion cubic feet, expectation of 68 billion cubic feet), an upward trend was followed in futures contracts. In the Asian session, we saw that profit sales were at the forefront. We will follow the support areas in the region for now, as the course of the European and US stock exchanges can be followed during the day. As long as the prices remain at and above the 1.78 - 1.72 support, the upward view may be one step ahead. In possible increases, 1.88 and 1.92 levels can be targeted. In decreases, as long as the 1.78 - 1.72 support remains current, new upward potential may occur. 4-hour closings below 1.72 may cause the correction area to expand and the averages to be questioned. Support: 1.78 - 1.72 Resistance: 1.88 - 1.92
It is the last trading day of the week. All eyes will now be on the Nonfarm Payrolls and Average Hourly Earnings/Income data. Both the employment market and whether wage increases will create additional pressure on inflation are the main developments that will be included in today's pricing area. While the losses in the Classic Dollar Index are noteworthy ahead of the critical US data, we observe that the relevant losses are approaching the 34 and 100-day averages (104.14 - 104.94 region) that support the positive trend. Despite the recent decline, the strong dollar sentiment continues due to the expectation that the index can reach the 107 level tested in October 2023. The 105.100 level can be followed in intraday downward movements. If this level is dropped, the 104.840 support may become important. In possible increases, 105,380 and 105,650 will be monitored as resistance levels. Support: 105,100-104,840 Resistance: 105,380-105,650
On the agenda of the new week, after the Fed meeting on May 1, FOMC members will take the stage for guidance. In addition to the BoE and FOMC, UK Growth and Industrial Production, Germany and Eurozone Services PMI and US Unemployment Claims data can also be explained as developments to be followed. When we focus on today, we will reach the results of the purchasing managers index, or PMI data, for the services sector from Germany and the Eurozone. The daily gain for the parity, which closed at 1.0764 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is above its 20-day moving average, is at 53.77, while its momentum is at 101.14. The 1.0765 level can be followed in intraday upward movements. If this level is exceeded, the 1.0774, 1.0784 and 1.0793 resistances may become important. In case of possible pullbacks, 1.0755, 1.0746 and 1.0736 will be monitored as support levels. Support: 1.0755 – 1.0746 Resistance: 1.0774 – 1.0784
On the agenda of the new week, after the Fed meeting on May 1, FOMC members will take the stage for guidance. In addition to the BoE and FOMC, UK Growth and Industrial Production, Germany and Eurozone Services PMI and US Unemployment Claims data can also be explained as developments to be followed. When we focus on today, we will reach the results of the purchasing managers index, or PMI data, for the services sector from Germany and the Eurozone. The daily gain for the parity, which closed at 1.2547 on the previous trading day, was 0.00%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.37, while its momentum is at 100.89. The 1.2547 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2557, 1.2567 and 1.2576 may become important. In possible pullbacks, 1.2538, 1.2528 and 1.2519 will be followed as support levels. Support: 1.2528 – 1.2519 Resistance: 1.2557 – 1.2576
The Japanese Yen (JPY) had one of its best weeks in history against the US Dollar (USD) last week. Since last week, a series of (unconfirmed) interventions pushed the USD/JPY pair from around 160.00 to 153.00. The real question is how long these interventions will last and whether they will keep the USD/JPY trading at current levels or lower. The RSI indicator for the pair, which is below its 20-day moving average, is at 50.31, while its momentum is at 99.51. In intraday downward movements, the 153.58 level can be followed. In case of a breakdown below this level, supports at 153.14, 152.40 and 151.96 may become important. In possible increases, resistance levels at 154.32, 154.76 and 155.50 will be watched. Support: 153.140 – 152.400 Resistance: 154.320 – 154.760
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.36. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.55, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.55 – 32.77
On the first trading day of the week, the ounce of gold increased slightly due to the easing of the US 10-year Treasury bond interest rate towards 4.5%. The precious metal, which opened the day at 2302, is trading around 2309 while the analysis is being prepared. When we examine the XAUUSD Pair Technically, we can see upward momentum as long as it remains above 2,305.69. The daily gain for the ounce of gold, which closed at 2,309.75 on the previous trading day, was 0.30%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 51.98, while its momentum is at 97.11. The 2,305.69 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,295.97, 2,282.20 and 2,272.48 may become important. In possible increases, 2,319.47, 2,329.19 and 2,342.96 will be monitored as resistance levels. Support: 2295 - 2282 Resistance: 2319 - 2329
Oil futures contracts started the new week with a limited recovery. Despite this recovery, which occurred with Saudi Arabia increasing Asian sales prices and Hamas' rocket attack on Israel, the downward rally that occurred last week with the decrease in Middle East tensions continues to form a trend. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil prevails on the WTI side. WTI oil saw a high of 79.36 and a low of 77.76 on the previous trading day. The 78.60 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 78.84, 79.89 and 80.43 may become important. In possible pullbacks, 77.24, 76.71 and 75.65 will be monitored as support levels. Support: 77.24 - 76.71 Resistance: 78.84 - 79.89
Oil futures contracts started the new week with a limited recovery. Despite this recovery, which occurred with Saudi Arabia increasing Asian sales prices and Hamas' rocket attack on Israel, the downward rally that occurred last week with the decrease in Middle East tensions continues to form a trend. The course of European and US stock markets can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 84.21 and a low of 82.68 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 1.07% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 32.23, while its momentum is at 95.10. The 83.40 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.71, 84.73 and 85.25 may become important. In case of possible pullbacks, 82.18, 81.66 and 80.65 will be monitored as support levels. Support: 82.18 – 81.66 Resistance: 84.73 – 85.25
The Nasdaq index, which found support in the employment market indicating a cooling after the expected non-farm payroll increase last week and the Fed's September discount expectations in the stock markets, ended the last trading day of the week with an increase of nearly 2%. Today, the course of the US stock markets and the speech of FOMC Member Williams will be followed. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17800-17900 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18000 - 18100 levels can be followed as resistance. In decreases, the 17800 - 17700 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17700 level. In this case, the 17600 - 17500 levels can be followed as support. Support: 17800 – 17700 Resistance: 18000 – 18100
The DAXEUR index, which ended the past week with a loss of nearly 1%, continues its suppressive outlook around the 20 and 89-period exponential moving average. German industrial production data in the middle of the week and German Services PMI data today are among the headlines to be followed for index movements. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18100 - 18200 region. The pricing of the index outside the region will be followed and negative expectations may come to the fore in movements below the relevant region. In the continuation of the pullbacks, the 18000 - 17800 levels can be followed as support. In possible recoveries, the 18300 - 18400 levels can be targeted as long as the 89-period exponential moving average (18200) works as support in closing above the relevant region. In the possible suppression below the 18400 level, which worked as resistance in previous pricing, declines towards the 18100 support can be observed. Support: 17900 - 17800 Resistance: 18100 - 18200
BTCUSD, Last week, we finally saw signs of recovery, especially with the Non-Farm Employment Data. BTC also returned to the 64500 levels. Last week, especially with the purchases in the ETF on the Blackrock side, it entered the rising channel again. If BTC maintains its rising position this week, its journey to the 66000 band may begin again. Since Blackrock's first sell position was higher, a correction of 7000 USD in 1 week showed once again how important the ETF is for Bitcoin. In fact, we better understood the reason why it is called the BTC ETF Bull. If it breaks the 66000 band during the day, the most important support level is $62000, and if the sell position continues from here, we can see a pullback to $59000. Support: 62000 – 59000 Resistance: 66000 – 69000
Natural gas futures contracts had shown an upward trend last week, supported by the decline in production activities and the increase in temperature estimates. With the new week, profit sales came to the fore after the highest levels since January were tested. The course of the European and US stock markets can be followed during the day.. We will follow the support areas in the region for now as long as the prices remain at and above the 1.96 - 1.92 support. In possible increases, the 2.02 and 2.08 levels can be targeted. In decreases, as long as the 1.96 - 1.92 support remains current, new upward potential may occur. 4-hour closings below 1.92 may cause the correction area to expand and the averages to be questioned. Support: 1.96 - 1.92 Resistance: 2.02 - 2.08
The FOMC members will be on the agenda for the new week. The messages from the members will be our main focus. Apart from the BoE and FOMC, the UK Growth and Industrial Production, Germany and the Eurozone Services PMI and the US Unemployment Claims data can also be explained as developments to be followed. The Classic Dollar Index seems eager to stay above the 34 and 100-day averages (104.16 - 104.93 region) despite the recent declines as it starts a new week. This attitude keeps the expectation of reaching the 107 level tested in October 2023 on the table. As a whole, the news flows that may affect the markets throughout the week should be closely monitored to see if they can keep the index positive / parity negative thought in the foreground. The 105.100 level can be followed in intraday downward movements. If this level is dropped, the 104.840 support may become important. In possible increases, 105,380 and 105,650 will be monitored as resistance levels. Support: 105,100-104,840 Resistance: 105,380-105,650
We have left behind the first trading day of a week that is expected to be calm in terms of data, except for the messages to be given by the FOMC members and the speech of the Bank of England BoE Governor Bailey. We observe that the increases in the EURUSD and GBPUSD pairs have been limited and the Classic Dollar Index has created a calm pricing reaction around the 34-day average. Although theoretically, the desire to stay above the 34 and 100-day averages (104.16 - 104.93 region) for the index and the expectation of reaching the 107 level tested in October 2023 are on the table, we will follow the results of the economic indicators and the statements to be made by the central bank officials regarding whether this idea will be supported. The 1.0769 level can be followed in intraday upward movements. If this level is exceeded, the 1.0777, 1.0786 and 1.0794 resistances may become important. In case of possible pullbacks, 1.0760, 1.0752 and 1.0743 will be monitored as support levels. Support: 1.0752 – 1.0743 Resistance: 1.0777 – 1.0786
We have left behind the first trading day of a week that is expected to be calm in terms of data, except for the messages to be given by the FOMC members and the speech of the Bank of England BoE Governor Bailey. We observe that the increases in the EURUSD and GBPUSD pairs have been limited and the Classic Dollar Index has created a calm pricing reaction around the 34-day average. Although theoretically, the desire to stay above the 34 and 100-day averages (104.16 - 104.93 region) for the index and the expectation of reaching the 107 level tested in October 2023 are on the table, we will follow the results of economic indicators and the statements to be made by the central bank officials regarding whether this idea will be supported. The 1.2559 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2568, 1.2580 and 1.2589 may become important. In possible pullbacks, 1.2547, 1.2538 and 1.2526 will be monitored as support levels. Support: 1.2538 – 1.2526 Resistance: 1.2580 – 1.2589
For the Japanese Yen (JPY), Japan's top foreign exchange diplomat Masato Kanda, who will instruct the BoJ to intervene when deemed necessary, stated in his statement today that they are taking the necessary steps to cope with excessive market volatility. It is observed that the parity is experiencing an increase due to the appreciation of the Dollar. The upward movement observed in the Dollar index supports the parity upwards. The daily gain for the parity, which closed at 154.56 on the previous trading day, was 0.42%. The RSI indicator for the parity, which is above its 20-day moving average, is at 53.26, while its momentum is at 99.98. The 154.34 level can be followed in intraday downward movements. In case of falling below this level, the supports at 154.08, 153.61 and 153.35 may become important. In possible increases, 154.81, 155.06 and 155.54 will be monitored as resistance levels. Support: 154.080 – 153.610 Resistance: 154.810 – 155.060
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.26. When we evaluate the USDTRY exchange rate in the short term, the 32.12 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.67 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.45 – 32.67
With the effect of the US 10-year Treasury bond interest moving around the 4.48% rate, the ounce of gold recorded an appearance dominated by relatively horizontal pricing. The precious metal, which opened the day at 2324, is priced around the 2323 level while the analysis is being prepared. Technically, it is observed that the commodity is experiencing a decline due to the appreciation of the Dollar. As long as it remains below the 2.324 level, we can see downward relaxations. The daily loss for the ounce of gold, which closed at 2.323 on the previous trading day, was 0.03%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 54.42, while its momentum is at 97.11. The 2.324 level can be followed in intraday upward movements. If this level is exceeded, the 2.328, 2.334 and 2.339 resistances may become important. In case of possible pullbacks, 2,318, 2,314 and 2,308 will be monitored as support levels. Support: 2314 - 2308 Resistance: 2328 - 2334
The unanimous rejection of the ceasefire proposal accepted by Hamas by the Israeli war cabinet and the agreement to attack the city of Rafah have limited the downward movement of oil prices. The course of the European and US stock markets and developments in the Middle East can be followed during the day. As long as the prices remain below the 79.00 - 79.50 resistance supported by the 20-period exponential moving average during the day, a downward outlook may be at the forefront. In possible declines, the levels of 78.00 and 77.50 can be targeted. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 78.83 and a low of 77.72 on the previous trading day. The level of 78.34 can be followed in downward movements during the day. In case of falling below this level, the supports of 77.85, 77.23 and 76.74 may become important. In possible increases, 78.96, 79.45 and 80.07 will be monitored as resistance levels... Support: 78.34 - 77.85 Resistance: 78.96 - 79.45
The unanimous rejection of the ceasefire proposal accepted by Hamas by the Israeli war cabinet and the agreement to attack the city of Rafah have limited the downward movement of oil prices. The course of the European and US stock markets and the developments in the Middle East can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 83.65 and a low of 82.63 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.81% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 36.38, while its momentum is at 96.56. The 83.22 level can be followed in intraday downward movements. If this level is dropped, the supports of 82.78, 82.20 and 81.76 may become important. In possible increases, 83.81, 84.24 and 84.83 will be followed as resistance levels. Support: 82.78 – 82.20 Resistance: 83.81 – 84.24
At the beginning of the week, the Nasdaq index, which found support with the increase in September discount expectations for the Fed, ended the first trading day of the week with a 1.19% increase. Today, the course of the US stock markets and the speech of FOMC Member Kashkari will be followed. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17900-18000 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18100-18200 levels can be followed as resistance. In decreases, the 17900-17800 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17800 level. In this case, the 17700-17600 levels can be followed as support. Support: 17900-17800 Resistance: 18100-18200
While European stock markets were trading at a premium the previous day, the DAXEUR index is trading above the 20 and 89-period exponential moving average. German industrial production data for the index in the middle of the week, along with the course of US and European stock markets, are among the titles to be followed. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18200 - 18300 region. The pricing of the index outside the region will be monitored, and negative expectations may come to the fore in movements below the relevant region. In the continuation of the pullbacks, the 18100 - 18000 levels can be followed as support. In possible recoveries, the 18300 - 18400 levels can be targeted as long as the 89-period exponential moving average (18200) works as support in closings above the relevant region. In the possible suppression below the 18400 level, which worked as resistance in previous pricing, deflections towards the 18100 support can be observed. Support: 18100 – 18000 Resistance: 18300 – 18400
BTCUSD had reached 65,500 levels with the recovery it made last week. Although it fell back to 62,700 levels with the profit sales that came yesterday, it recovered with the effect of the NASDAQ increase at the US Opening and rose above 63,000 levels again. While we were preparing the analysis, BTC, which reached 63,600, is expecting a horizontal movement although there is no important news today. We think that it will continue this horizontal movement for a while. If it breaks the 66,000 band during the day, the most important support level is $62,000 in open pullbacks up to 69,000. If the sell position continues from here, we can see a pullback to $59,000. Support: 62,000 - 59,000 Resistance: 66,000 - 69,000
While the recent acceleration of the flow to the Freeport liquid natural gas facility and the positive impact of hot weather forecasts on the demand outlook positively affected the natural gas futures contract, we saw profit sales coming to the forefront in the Asian session. The course of the European and US stock markets can be followed during the day. As long as the prices remain at and above the 1.96 - 1.90 support supported by the 20-period exponential moving average, the upward view may be at the forefront. In possible increases, the 2.08 and 2.15 levels can be targeted. As long as possible decreases are limited to the 1.96 - 1.90 support, new upside potential may occur. Therefore, it may be necessary to see the course below 1.90 and 4-hour closings for the continuation of the downward desire. In this case, the 1.84 and 1.78 levels may come to the fore. Support: 1.96 - 1.90 Resistance: 2.08 - 2.15
We have left behind the first trading day of a week that is expected to be calm in terms of data, except for the messages to be given by FOMC members and the speech of Bank of England BoE Governor Bailey. We are also observing that the Classic Dollar Index has created a calm pricing reaction around the 34-day average. Although theoretically, the desire to stay above the 34 and 100-day averages (104.16 - 104.93 region) for the index and the expectation of reaching the 107 level tested in October 2023 are on the table, we will follow the results of economic indicators and the statements to be made by the central bank officials regarding whether this idea will be supported. The 105,100 level can be followed in intraday downward movements. If this level is dropped, the 104,840 support may become important. In possible increases, 105,380 and 105,650 will be monitored as resistance levels. Support: 105,100-104,840 Resistance: 105,380-105,650
In a week that is expected to be calm in terms of data, except for the speech of BoE Governor Bailey, which we will follow in order to understand the bank's future projections following the guidance of FOMC members and the decisions of the Bank of England, we observe that the Classic Dollar Index accepts the 34-day average as the bottom and keeps the expectation of reaching the 107 level tested in October 2023 on the table with its course above the 34 and 100-day averages (104.16 - 104.93 region). Therefore, EURUSD and GBPUSD parities are trying to create pricing behavior in the negative region by limiting their increases. We can follow the guidance of FOMC members in today's calendar. The 1.0746 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0753, 1.0766 and 1.0774 may become important. In possible pullbacks, 1.0733, 1.0725 and 1.0712 will be monitored as support levels. Support: 1.0725 – 1.0712 Resistance: 1.0753 – 1.0766
In a week that is expected to be calm in terms of data, except for the speech of BoE Governor Bailey, which we will follow in order to understand the bank's future projections following the guidance of FOMC members and the decisions of the Bank of England, we observe that the Classic Dollar Index accepts the 34-day average as the bottom and keeps the expectation of reaching the 107 level tested in October 2023 on the table with its course above the 34 and 100-day averages (104.16 - 104.93 region). Therefore, EURUSD and GBPUSD parities are trying to create pricing behavior in the negative region by limiting their increases. The 1.2496 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2509, 1.2533 and 1.2546 may become important. In possible pullbacks, 1.2473, 1.2460 and 1.2436 will be monitored as support levels. Support: 1.2460 – 1.2436 Resistance: 1.2509 – 1.2533
Japanese Yen (JPY), Japanese Finance Minister Shunichi Suzuki said in a statement today that rapid foreign exchange (FX) movements are undesirable. However, Suzuki refrained from commenting on whether the US accepts Japan's foreign exchange intervention, which shows us that volatility will continue for a while. The daily gain for the parity, which closed at 155.16 on the previous trading day, was 0.30%. The RSI indicator for the parity, which is above its 20-day moving average, is at 55.76, while its momentum is at 100.20. In intraday downward movements, the 154.97 level can be followed. If this level is broken, the supports at 154.67, 154.19 and 153.89 may become important. In case of possible increases, the resistance levels at 155.45, 155.75 and 156.23 will be monitored. Support: 154.970 – 154.670 Resistance: 155.450 – 155.750
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.26. When we evaluate the USDTRY exchange rate in the short term, the 32.12 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.67 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.45 – 32.67
In the middle of the week; the effect of the US 10-year Treasury bond interest moving around the 4.48% rate, the ounce of gold displayed a view that limited its declines. The precious metal, which opened the day at 2313, is priced around the 2317 level while the analysis is being prepared. We can see upward momentum as long as it remains above the 2,314 level. The daily gain for the ounce of gold, which closed at 2,318 on the previous trading day, was 0.18%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 53.28, while its momentum is at 99.61. The 2,314 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,310, 2,302 and 2,298 may become important. In possible increases, 2,322, 2,326 and 2,334 will be monitored as resistance levels. Support: 2310 - 2302 Resistance: 2322 - 2334
Oil futures contracts maintained their under-pressure outlook while evaluating stock figures and monitoring the Middle East agenda. While the American Petroleum Institute announced an increase of approximately 500 thousand barrels in stocks, the data to be announced by the US Energy Information Administration today will be monitored. On the other hand, Israel entered Rafah and the process is being closely monitored. As long as the pricing remains below the 78.50 - 79.00 resistance supported by the 13 and 20-period exponential moving averages during the day, a downward trend may be at the forefront. In possible declines, the 77.50 and 77.00 levels may be targeted. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 78.88 and a low of 77.39 on the previous trading day. The 78.12 level can be followed in intraday upward movements. If this level is exceeded, the 78.85, 79.61 and 80.34 resistances may become important. In case of possible pullbacks, 77.36, 76.63 and 75.87 will be monitored as support levels. Support: 77.36 – 76.63 Resistance: 78.85 – 79.61
Oil futures contracts maintained their under-pressure outlook while evaluating stock figures and monitoring the Middle East agenda. While the American Petroleum Institute announced an increase of approximately 500 thousand barrels in stocks, the data to be announced by the US Energy Information Administration today will be monitored. On the other hand, Israel entered Rafah and the process is being closely monitored. In general, a downward trend is seen. Brent oil saw a high of 83.70 and a low of 82.28 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.57% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 34.76, while its momentum is at 95.78. The 82.96 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.64, 84.37 and 85.05 may become important. In possible pullbacks, 82.22, 81.54 and 80.81 will be monitored as support levels. Support: 82.22 – 81.54 Resistance: 83.64 – 84.37
At the beginning of the week, the Nasdaq index, which found support with the increase in expectations for a September discount from the Fed, ended the second trading day of the week with a horizontal movement. The course of the US stock markets will be followed today. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17900-18000 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18100-18200 levels can be followed as resistance. In decreases, the 17900-17800 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17800 level. In this case, the 17700-17600 levels can be followed as support. Support: 17900-17800 Resistance: 18100-18200
While European stock markets were at a premium the day before, the DAXEUR index closed the day with a 1.49% increase. The German industrial production data to be announced for the index today is among the headlines to be followed along with the course of the US and European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18300 - 18400 region. As long as the index receives support from the 89-period exponential moving average (18400), positive expectations are at the forefront. In recoveries, 18600 - 18700 levels can be targeted. In possible declines, negative expectations can come to the fore with the index falling below the 18200 - 18300 region. In the continuation of the pullbacks, 18000 - 17800 levels can be followed as support. Support: 18300 - 18200 Resistance: 18600 - 18700
BTCUSD had reached 65,500 levels with the recovery it made last week. Although it has retreated to 62,000 levels with profit sales since Tuesday, it recovered with the effect of the NASDAQ increase and rose above 63,100 levels again. While we are preparing the analysis, BTC, which fell to 62,600, is expecting a horizontal movement today, although there is no important news, we think it will continue this horizontal movement for a while. If it breaks the 64,000 band during the day, the most important support level is $62,000 in open pullbacks up to 67,000, if the sell position continues from here, we can see a pullback to $59,000. Support: 62,000 - 59,000 Resistance: 64,000 - 67,000
US natural gas futures are moving close to their highest levels since January, with the outlook for weakening production and expectations for increasing demand. The course of European and US stock markets can be followed during the day. As long as prices remain above and above the 1.96-1.90 support supported by the 20-period exponential moving average, an upward outlook may be at the forefront. In possible increases, 2.08 and 2.15 levels may be targeted. As long as possible decreases are limited to the 1.96-1.90 support, new upside potential may occur. Therefore, it may be necessary to see the course below 1.90 and 4-hour closings for the continuation of the downward desire. In this case, 1.84 and 1.78 levels may come to the agenda. Support: 1.96-1.90 Resistance: 2.08-2.15
In a week that is expected to be calm in terms of data, except for the speech of BoE Governor Bailey, which we will follow in order to understand the bank's future projections following the guidance of FOMC members and the decisions of the Bank of England, we observe that the Classic Dollar Index accepts the 34-day average as the bottom and keeps the expectation of reaching the 107 level tested in October 2023 on the table with its course above the 34 and 100-day averages (104.16 - 104.93 region). In intraday downward movements, the 105.360 level can be followed. In case of falling below this level, the support of 105.110 may become important. In possible increases, 105.680 and 105.950 will be monitored as resistance levels. Support: 105.360-105.110 Resistance: 105.680-105.950
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year is the CPI data on Wednesday, May 15, the most important day of a quiet week is undoubtedly today. Although no change is expected, how the BoE, the Central Bank of England, will give clues on the next period's interest rate cut roadmap, especially the speech of President Bailey, can provide us with clues about the process. Apart from the BoE, the US Unemployment Claims that we follow every week and the speeches of the FOMC members that we have been following since the beginning of the week can be followed for the course of the Dollar Index and therefore the EURUSD and GBPUSD parities on today's radar. The 1.0747 level can be followed for intraday upward movements. If this level is exceeded, the resistances of 1.0753, 1.0760 and 1.0765 may become important. In possible pullbacks, 1.0740, 1.0735 and 1.0728 will be monitored as support levels. Support: 1.0740 – 1.0735 Resistance: 1.0753 – 1.0760
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year is the CPI data on Wednesday, May 15, the most important day of a quiet week is undoubtedly today. Although no change is expected, how the BoE, the Central Bank of England, will give clues on the next period's interest rate cut roadmap, especially the speech of President Bailey, can provide us with clues about the process. Apart from the BoE, the US Unemployment Claims that we follow every week and the speeches of the FOMC members that we have been following since the beginning of the week can be followed for the course of the Dollar Index and therefore the EURUSD and GBPUSD parities on today's radar. The 1.2493 level can be followed for intraday upward movements. If this level is exceeded, the resistances of 1.2499, 1.2508 and 1.2514 may become important. In possible pullbacks, 1.2484, 1.2478 and 1.2469 will be monitored as support levels. Support: 1.2484 – 1.2478 Resistance: 1.2499 – 1.2508
For the Japanese Yen (JPY), Japan's top foreign exchange diplomat Masato Kanda, who will instruct the BOJ to intervene if necessary, said on Thursday that he would take appropriate steps if necessary. However, he refrained from commenting on foreign exchange (FX) intervention, which shows us that volatility will continue for a while. The daily gain for the pair, which closed at 155.56 on the previous trading day, was 0.05%. The RSI indicator for the pair, which is above its 20-day moving average, is at 57.33, while its momentum is at 100.49. The 155.47 level can be followed in intraday downward movements. If this level is broken, the supports at 155.25, 154.94 and 154.72 may become important. In possible increases, the resistance levels of 155.78, 156.01 and 156.31 will be monitored. Support: 155,250 – 154,940 Resistance: 155,780 – 156,010
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.26. When we evaluate the USDTRY exchange rate in the short term, the 32.12 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.67 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.45 – 32.67
With the US 10-year Treasury bond yield rising above 4.50% again, ounce gold recorded an outlook dominated by horizontal pricing. The precious metal, which opened the day at 2307, is priced around 2316 while the analysis is being prepared. Applications for unemployment benefits can be monitored during the day due to their possible effects. As long as it remains above 2,312, we can see upward momentum. The daily gain for ounce gold, which closed at 2,314 on the previous trading day, was 0.24%. The RSI indicator for ounce gold, which is above its 20-day moving average, is at 52.52, while its momentum is at 99.68. The 2,312 level can be monitored in intraday downward movements. If this level is exceeded, supports at 2,310, 2,305 and 2,303 may become important. In possible increases, 2,319, 2,323 and 2,328 will be monitored as resistance levels. Support: 2310 - 2305 Resistance: 2319 - 2323
The oil futures contract started to recover after the US Energy Information Administration announced a 1.4 million barrel decrease in stocks, contributing to the testing of the highest levels since May 3 in the Asian session. While the Middle East developments are still being closely monitored, the course of European and US stock markets can be followed during the day. WTI oil saw a highest of 78.93 and a lowest of 76.71 levels on the previous trading day. The decline that started from the lower region of the downward channel ensured that the upper limit of the channel was broken with yesterday's increase. During the day, pricing continues in areas supported by 13 and 20-period exponential moving averages. The 78.18 level can be followed in intraday downward movements. In case of falling below this level, the supports of 77.42, 75.96 and 75.20 may become important. In possible increases, 79.64, 80.40 and 81.86 will be watched as resistance levels. . Support: 78.18 – 77.42 Resistance: 79.64 – 80.40
The oil futures contract started to recover after the US Energy Information Administration announced a 1.4 million barrel decrease in stocks, contributing to the testing of the highest levels since May 3 in the Asian session. While the Middle East developments are still being closely monitored, the course of European and US stock markets can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 83.59 and a low of 81.56 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.76% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 38.64, while its momentum is at 96.69. The 82.89 level can be followed in intraday downward movements. If this level is broken, the supports of 82.19, 80.86 and 80.16 may become important. In possible increases, 84.23, 84.93 and 86.26 will be monitored as resistance levels. Support: 82.89 – 82.19 Resistance: 84.23 – 84.93
With the recovery in US bond yields, the US indexes, which were mixed yesterday, started the new day horizontally negative. In a day that will be calm in terms of the economic calendar, the US unemployment benefit application data can be followed for index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17900-18000 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18100-18200 levels can be followed as resistance. In decreases, the 17900-17800 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17800 level. In this case, the 17700-17600 levels can be followed as support. Support: 17900-17800 Resistance: 18100-18200
While European stock markets were at a premium the day before, the DAXEUR index closed the day with a 0.37% increase. The course of the US and European stock markets and index movements can be followed for the index. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18300 - 18400 region. As long as the index receives support from the 89-period exponential moving average (18400), positive expectations are at the forefront. In recoveries, 18600 - 18700 levels can be targeted. In possible declines, negative expectations can come to the fore with the index falling below the 18200 - 18300 region. In the continuation of the pullbacks, 18000 - 17800 levels can be followed as support. Support: 18300 - 18200 Resistance: 18600 - 18700
BTCUSD had reached 65,500 levels with the recovery it made last week. Although it fell back to 61,000 yesterday with profit sales since Tuesday, it recovered and rose above 62,000 again with the effect of the NASDAQ increase. While we were preparing the analysis, BTC, which fell to 61,600, is expecting a horizontal movement today, although there is no important news, we think it will continue this horizontal movement for a while. If it breaks the 64,000 band during the day, the most important support level is $61,000 in open pullbacks up to 67,000, if the sell position continues from here, we can see a pullback to $59,000. Support: 61,000 - 59,000 Resistance: 64,000 - 67,000
Despite the rise created by the support provided by the decreasing production and weather forecasts in the country, the US natural gas futures contract approached the lowest levels of the week again with the prominence of profit taking. The course of the European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain at and above the 1.96 - 1.90 support supported by the 20-period exponential moving average, an upward outlook may be at the forefront. In possible increases, the 2.08 and 2.15 levels can be targeted. As long as possible decreases are limited by the 1.96 - 1.90 support, new upside potential may occur. Therefore, it may be necessary to see the course below 1.90 and 4-hour closings for the continuation of the downward desire. In this case, the 1.84 and 1.78 levels may come to the agenda. Support: 1.96 - 1.90 Resistance: 2.08 - 2.15
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, the Classic Dollar Index continues to accept the 34-day average as the bottom in a calm week and continues its course above the 34 and 100-day averages (104.25 - 104.98 region). This attitude keeps the expectation of reaching the 107 level tested in October 2023 on the table. Therefore, the possibility of creating pricing behavior in the negative region by limiting the increases of the EURUSD and GBPUSD parities is one step ahead. We will follow the basic macroeconomic developments to see if this idea will be supported. The 105.360 level can be followed in intraday downward movements. If this level is dropped, the 105.110 support may become important. In possible increases, 105,680 and 105,950 will be monitored as resistance levels. Support: 105,360-105,110 Resistance: 105,680-105,950
On the last trading day of the week; After Israel responded to Iran's attacks, crude oil prices recorded effective upward pricing. The course of the US stock markets can be followed throughout the day. As long as the pricing remains at and above the 83.00 - 83.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 84.00 and 84.50 levels may be targeted. In possible decreases, as long as the 83.00 - 83.50 support level remains current, new upward potential may occur. Therefore, for the continuation of the downward trend, it may be necessary to see the course below 83.00 and 4-hour closings. In this case, the 82.50 and 82.00 levels may be on the agenda. Support: 83.00 - 82.50 Resistance: 84.00 - 84.50
On the last trading day of the week; After Israel responded to Iran's attacks, crude oil prices recorded effective upward pricing. The course of the US stock markets can be followed throughout the day. As long as the pricing remains at and above the 88.00 - 88.50 support level in the upcoming period, an upward outlook may be at the forefront. In possible increases, 89.00 and 89.50 levels may be targeted. In possible decreases, as long as the 88.00 - 88.50 support level remains current, a new uptrend may occur. Therefore, in order for the decline to continue, it may be necessary to see the course below 88.00 and 4-hour closings. In this case, the 87.50 and 87.00 levels may be on the agenda. Support: 88.00 - 87.50 Resistance: 89.00 - 89.50
While US stock markets retreated after the Fed's expected interest rate cut expectations were postponed, the increasing geopolitical risk environment accelerated the decline in US indexes. The Nasdaq index, which fell for the fifth consecutive session the day before, is trending negatively by over 1% in the Asian session today following news that Israel launched an attack on Iran. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 17200-17300 region. As long as the index moves below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17100-17000 levels can be followed as support. For recoveries, the index can be expected to remain above the 17300 level. If the 17300 level works as support, recoveries can be observed upwards towards the 17400-17500 levels. Support: 17100 – 17000 Resistance: 17300 – 17400
The DAXEUR index futures, which managed to complete the previous day in the positive zone, showed a negative trend on the last trading day of the week due to increasing geopolitical risks. The course of the US and European stock markets and the course of geopolitical developments in the Middle East will be followed during the day for the DAXEUR index futures contract, which is trying to limit its declines around the 17800 level. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17600 - 17700 area. As long as the index moves below the area, negative expectations are at the forefront. If the downward movement continues, the 17500 - 17400 levels may be encountered. If the 17700 - 17800 area works as support based on the 20 and 200-period exponential moving averages, a new uptrend potential may occur in the index. Under these conditions, the 18000 and 18100 levels may come to the agenda. Support: 17500 – 17400 Resistance: 17700 – 17800
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, we are leaving behind a quiet week in terms of data before inflation. In particular, the Classic Dollar Index accepting the 34-day average as the bottom and continuing its course above the 34 and 100-day averages (104.25 - 104.98 region) brought the strong Dollar, weak Euro and Sterling theme to the fore before the CPI. For now, the Classic Dollar Index keeps the expectation of reaching the 107 level tested in 2023 on the 34 and 100-day averages on the table. Therefore, the possibility of EURUSD and GBPUSD parities limiting their increases and creating pricing behavior in the negative region is one step ahead. The 1.0779 level can be followed in intraday upward movements. If this level is exceeded, the 1.0785, 1.0795 and 1.0801 resistances may become important. In case of possible pullbacks, 1.0770, 1.0764 and 1.0755 will be monitored as support levels. Support: 1.0764 – 1.0755 Resistance: 1.0785 – 1.0795
BTCUSD saw the $59,000 level again in the morning hours with unconfirmed explosion news in Iran, Syria and Iraq. According to the news based on the statements of two US officials, Israel launched a missile attack on Iran. BTC, which has been waiting for how Israel will retaliate to Iran's missile and drone attacks with concerns about the spread of conflicts in the Middle East since the beginning of the week, started the last trading day of the week negatively in an environment of increasing geopolitical risk. BTC, which is currently at $62,000 again, is now waiting for the halving that will take place at midnight on Saturday. We expect altcoins to move as well. Technically, if Bitcoin, which has broken its 7-day average of around 68,000, breaks the 64,000 resistance again, we can see a 67,000 movement. If sales increase, the 60,000 support is the strongest support. Support: 60,000 - 57,000 Resistance: 64,000 - 67,000
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, we are leaving behind a quiet week in terms of data before inflation. In particular, the Classic Dollar Index, which accepted the 34-day average as the bottom and continued its course above the 34 and 100-day averages (104.25 - 104.98 region), brought the strong Dollar, weak Euro and Sterling theme to the fore before the CPI. For now, the Classic Dollar Index keeps on the table the expectation of reaching the 107 level tested in 2023 on the 34 and 100-day averages. The 1.2520 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2529, 1.2541 and 1.2550 may become important. In case of possible pullbacks, 1.2508, 1.2500 and 1.2487 will be monitored as support levels. Support: 1.2508 – 1.2500 Resistance: 1.2541 – 1.2550
The natural gas futures contract has seen some recovery due to the forecasts that cool weather conditions may occur in two weeks and after Israel responded to the Iranian attacks. The course of the US stock markets can be followed throughout the day. As long as the prices move within the 1.72 - 1.76 region in the upcoming period, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction. If the increases continue and persistence is seen above the 1.76 resistance, the 1.78 and 1.82 levels may be encountered. If possible declines occur and permanent prices are formed below the 1.70 level, the 1.68 and 1.66 levels may come to the agenda. Support: 1.68 - 1.66 Resistance: 1.76 - 1.78
For the Japanese Yen (JPY), Japanese Finance Minister Shunichi Suzuki said in a statement today that he will closely monitor the exchange rate movement and take the necessary measures regarding the exchange rate if necessary. This shows us that volatility will continue for a while. It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 155.72 on the previous trading day, was 0.16%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.05, while its momentum is at 100.24. The 155.49 level can be followed for intraday downward movements. If this level is broken, supports at 155.40, 155.08 and 154.89 may become important. In case of possible increases, resistance levels at 155.91, 156.10 and 156.42 will be monitored. Support: 155.400 – 155.080 Resistance: 155.910 – 156.100
In a week where the Classic Dollar Index wanted to stay above 105.50 and the weak reaction / strong trend theme was at the forefront, global risk indicators increased today with unconfirmed explosion news in Iran, Syria and Iraq. According to the news based on the statements of two US officials, Israel launched a missile attack on Iran. The Index, which has been waiting since the beginning of the week for how Israel will retaliate to Iran's missile and drone attacks with concerns about the spread of conflicts in the Middle East, started the last trading day of the week positively in an environment of increasing geopolitical risk. During the day, 106,430 stands out as the resistance zones if the upward move continues, 106,780 and 106,130 and 105,850 as support points if the sale continues as it did yesterday. Support: 106,130-105,850 Resistance: 106,430-106,780
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.28. When we evaluate the USDTRY exchange rate in the short term, the 32.12 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.67 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.81 Resistance: 32.45 – 32.67
On the last trading day of the week; the US 10-year Treasury bond interest rate fell below 4.50% again after the unemployment benefit application data, and the ounce of gold recorded a slight recovery. The precious metal, which opened the day at 2346, is priced around 2357 while the analysis is being prepared. Michigan consumer sentiment and inflation expectations can be monitored during the day due to their possible effects. We can see upward momentum as long as it remains above 2,351. The daily gain for the ounce of gold, which closed at 2,353 on the previous trading day, was 0.33%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.54, while its momentum is at 101.63. The 2,351 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,347, 2,341 and 2,336 may become important. In possible increases, 2,362, 2,368 and 2,374 will be monitored as resistance levels. Support: 2347 - 2341 Resistance: 2362 - 2368
The rise in oil futures contracts that started with the decline in stocks in the US is trying to continue. We will be following the course of European and US stock exchanges during the day. Following the upward break of the downward channel, the effort to hold on to short-term averages continues. As long as the pricing remains above the 78.50 - 79.00 support supported by the 13 and 20-period exponential moving averages during the day, the upward outlook may be at the forefront. In possible increases, 80.00 and 80.50 levels may be targeted. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 79.44 and a low of 78.57 on the previous trading day. The 79.07 level can be followed in intraday downward movements. In case of falling below this level, the supports of 78.70, 78.20 and 77.82 may become important. In possible increases, 79.94, 80.44 and 81.10 will be monitored as resistance levels. Support: 79.07 - 78.70 Resistance: 79.94 - 80.44
With the decline in stocks in the US, the rise in oil futures contracts is trying to continue. We will be following the course of European and US stock exchanges during the day. Brent oil saw a high of 84.05 and a low of 83.21 on the previous trading day. Following the upward break of the downward channel, the effort to hold on to short-term averages continues. As long as pricing remains at and above the 83.00 - 83.50 support supported by the 13 and 20-period exponential moving averages during the day, an upward outlook may be at the forefront. In possible increases, 85.00 and 85.50 levels may be targeted. As long as the 83.00 - 83.50 support remains current in pullbacks, new upside potential may occur. Therefore, it may be necessary to see the course below 83.00 and 4-hour closings for the continuation of the downward desire. In this case, 82.50 and 82.00 levels may come to the agenda. Support: 83.50 – 83.00 Resistance: 85.00 – 85.50
While the recovery in US indexes accelerated with the revival in expectations for a reduction in the Fed, the fact that the US unemployment benefit applications data announced yesterday came above expectations was the catalyst for the rise in the Nasdaq index. In a calm week in terms of the economic calendar, the Michigan Consumer Sentiment index movements to be announced today can be followed. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18000-18100 region. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18200-18300 levels can be followed as resistance. In decreases, the 18000-18100 levels can be followed as support. Negative expectations can come to the fore with the downward break of the 17900 level. In this case, the 17800-17700 levels can be followed as support. Support: 18000-18100 Resistance: 18200-18300
While European stock markets were at a premium the day before, the DAXEUR index completed the day with an increase of nearly 1%. The course of the US and European stock markets can be followed for the index. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. As long as the index receives support from the 20-period exponential moving average (18600), positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18600 - 18700 region. In the continuation of decreases, 18500 - 18400 levels can be followed as support. Support: 18600 - 18500 Resistance: 18900 - 19000
BTCUSD had reached 65,500 levels with the recovery it made this week. Although it fell back to 60,500 yesterday with profit sales since Tuesday, it recovered and rose above 63,000 again with the effect of the NASDAQ increase. While we were preparing the analysis, BTC, which was traded at 62,900, is expecting a horizontal movement today, although there is no important news, we think it will continue this horizontal movement for a while. If it breaks the 64,000 band during the day, the most important support level is $61,000 in open pullbacks up to 67,000, if the sell position continues from here, we can see a pullback to $59,000. Support: 61,000 - 59,000 Resistance: 64,000 - 67,000
This week, both the continuation of current geopolitical risks and expectations for central banks along with important economic indicators will be monitored. Before the official Fed meeting on May 1, the US Growth, Services PMI, PCE Inflation, Germany Manufacturing PMI, and the UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and EURUSD parity. The classical Dollar Index continues its scenario of blinking at the level of 107 tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with its desire to stay above 105.50. Whether the current scenario will continue this week is important for the EURUSD course. The 1.0663 level can be monitored in intraday downward movements. In case of falling below this level, the supports of 1.0655, 1.0643 and 1.0635 may become important. In possible increases, 1.0675, 1.0683 and 1.0695 will be monitored as resistance levels. Support: 1.0655 – 1.0643 Resistance: 1.0675 – 1.0683
US natural gas futures continued to rise, supported by low production outlook and warm weather forecasts. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.12 - 2.08 support supported by the 20-period exponential moving average, an upward outlook may be at the forefront. In possible increases, 2.21 and 2.28 levels can be targeted. As long as possible decreases are limited by the 2.12 - 2.08 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.08 and 4-hour closings for the continuation of the downward desire. In this case, 2.01 and 1.98 levels may come to the agenda. Support: 2.12 - 2.08 Resistance: 2.21 - 2.28
This week, both the continuation of current geopolitical risks and expectations for central banks along with important economic indicators will be monitored. Before the official Fed meeting on May 1, the US Growth, Services PMI, PCE Inflation, Germany Manufacturing PMI, and the UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and GBPUSD parity. The classical Dollar Index continues its scenario of blinking at the level of 107 tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with the desire to stay above 105.50. Whether the current scenario will continue this week is important for the course of the GBPUSD. The 1.2383 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2372, 1.2355 and 1.2344 may become important. In possible increases, 1.2400, 1.2411 and 1.2427 will be monitored as resistance levels. Support: 1.2355 - 1.2344 Resistance: 1.2411 - 1.2427
While our main focus before the June meeting where we can comment on the pace of the US Federal Reserve until the end of the year will be the CPI data on Wednesday, May 15, we are leaving behind a quiet week in terms of data before inflation. In particular, the fact that the Classic Dollar Index accepted the 34-day average as the bottom and continued its course above the 34 and 100-day averages (104.25 - 104.98 region) supported the strong Dollar stance before the CPI. For now, the Classic Dollar Index keeps on the table the expectation of reaching the 107 level tested in 2023 on the 34 and 100-day averages. The 105.360 level can be followed in intraday downward movements. If this level is dropped, the support of 105.110 may become important. In possible increases, 105,680 and 105,950 will be monitored as resistance levels. Support: 105,360-105,110 Resistance: 105,680-105,950
Bank of Japan (BOJ) Governor Kazuo Ueda said on Friday that if inflation continues to rise, the Japanese central bank will "most likely" raise interest rates and begin to reduce bond purchases in the future, although he is undecided on the timing. The pair, which closed at 154.71 on the previous trading day, gained 0.08% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 75.09, while its momentum is at 102.22. The 154.65 level can be followed in intraday downward movements. If this level is broken, supports at 154.56, 154.42 and 154.33 could become important. In possible increases, resistance levels at 154.79, 154.88 and 155.02 will be monitored. Support: 154,560 – 154,420 Resistance: 154,880 – 155,020
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.60. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.77 – 32.80
On the first trading day of the week; the ounce of gold exhibited a slight pullback due to the decrease in concerns about geopolitical risks and the US 10-year Treasury bond yield rising above 4.66%. The precious metal, which opened the day at 238a5, is trading around 2372 while the analysis is being prepared. When we evaluate the short-term pricing of the ounce of gold technically, we can see downward relaxations as long as it remains below 2,373.56. The daily loss for the ounce of gold, which closed at 2,369.85 on the previous trading day, was 0.94%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 66.97, while its momentum is at 103.44. The 2,373.56 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,384.91, 2,399.98 and 2,411.33 may become important. In case of possible pullbacks, 2,358.49, 2,347.14 and 2,332.07 will be monitored as support levels. Support: 2358 - 2347 Resistance: 2384 - 2399
Oil prices, which started the first quarter of the year with a steady increase, showed an effective pullback after the first few days of April. Although OPEC cuts are still seen as the driving force, the volatility that has increased with the recent tension in the Middle East is preventing a stable course for now. The US Senate approved a package that includes aid to Ukraine and Israel and potential sanctions on Iran's oil products. The course of European and US stock markets can be followed during the day. As long as the prices remain at and below the 82.00 - 82.50 resistance in the upcoming period, a downward trend may be at the forefront. An upward trend parallel to Brent oil dominates on the WTI side. WTI oil saw a high of 85.52 and a low of 81.11 on the previous trading day. The 82.90 level can be followed in intraday upward movements. If this level is exceeded, the 84.69, 87.31 and 89.11 resistances may become important. In case of possible pullbacks, 80.28, 78.49 and 75.87 will be monitored as support levels. Support: 80.28 – 78.49 Resistance: 84.69 – 87.31
Oil prices, which started the first quarter of the year with a steady increase, showed an effective pullback after the first few days of April. Although OPEC cuts are still seen as the driving force, the volatility that has increased with the increasing tension in the Middle East in the recent period is preventing the stable course for now. The US Senate approved a package that includes aid to Ukraine and Israel and potential sanctions on Iran's petroleum products. The course of European and US stock markets can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 89.99 and a low of 85.64 on the previous trading day. The daily gain for Brent oil, which followed a buying course on the last trading day, was 0.24%. The RSI indicator for the commodity, which is below its 20-day moving average, is at 46.72, while its momentum is at 96.94. The 87.39 level can be followed in intraday upward movements. If this level is exceeded, the 89.14, 91.74 and 93.49 resistances may become important. In case of possible pullbacks, 84.80, 83.05 and 80.46 will be monitored as support levels. Support: 84.80 – 83.05 Resistance: 87.39 – 89.14
The Nasdaq index, which completed every trading day of the week with a loss due to increasing geopolitical risk and decreasing Fed discount expectations last week, made a positive start to the week in which we will follow critical data from the US side with the optimism that Iran will not respond to Israel's retaliation. This week, we will follow important data such as US growth, PCE, PMI in terms of the economic calendar. Throughout the week, Tesla, Meta, Microsoft, Google balance sheets may be decisive in index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we follow the 17200-17300 region. As long as the index moves below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17100-17000 levels can be followed as support. For recoveries, the index can be expected to remain above the 17300 level. If the 17300 level works as support, recoveries can be followed upwards towards the 17400-17500 levels. Support: 17100 – 17000 Resistance: 17300 – 17400
The DAXEUR index futures contract, which has been volatile in parallel with the US stock markets due to the risky asset escape reflex caused by the Middle East tension that remained hot throughout the week, is among the headlines to be followed for index movements throughout the week. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17800 - 17900 region. As long as the index moves below the region, negative expectations are at the forefront. If the downward movement continues, the 17700 - 17600 levels may be encountered. If the 17900 - 18000 region works as support based on the 20 and 200-period exponential moving averages, a new uptrend may occur in the index. Under these conditions, the 18200 and 18300 levels may come to the agenda. Support: 17700 - 17600 Resistance: 17800 - 17900
The CPI data, which remained above expectations and continued its solid outlook, and the delay in the Fed interest rate cut had a significant impact on global market pricing behavior. The CPI data for April to come from the US in the middle of the week is expected to affect every financial asset from A to Z. The classical Dollar index continues its course above the 34-day average (104.25 - 104.98 region) by accepting the 34-day average as the bottom before the critical CPI data. This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. Therefore, the possibility of creating pricing behavior in the negative region by limiting the increases of EURUSD and GBPUSD parities is one step ahead. When we look at today, the FOMC member statements that we will follow throughout the week can be examined. The 1.0771 level can be followed in intraday upward movements. If this level is passed, resistance levels of 1.0776, 1.0782 and 1.0787 may become important. In case of possible pullbacks, support levels of 1.0765, 1.0760 and 1.0754 will be monitored. Support: 1.0765 - 1.0760 Resistance: 1.0782 - 1.0787
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, created pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which started to recover after the halving on Saturday, managed to enter the rising channel again. BTC, which broke the $ 66,000 resistance again this morning, will turn its direction upwards as long as there are no more geopolitical risks. For BTC, which we expect to challenge the $ 68,000 resistance during the day, $ 64,000 seems to be the strongest support. Support: 64,000 - 52,000 Resistance: 68,000 - 72,000
The CPI data, which remained above expectations and continued its solid outlook, and the delay in the Fed interest rate cut had a significant impact on global market pricing behavior. The CPI data for April to come from the US in the middle of the week is expected to affect every financial asset from A to Z. The classical Dollar index continues its course above the 34-day average (104.25 - 104.98 region) by accepting the 34-day average as the bottom before the critical CPI data. This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. Therefore, the possibility of creating pricing behavior in the negative region by limiting the increases of EURUSD and GBPUSD parities is one step ahead. When we look at today, the FOMC member statements that we will follow throughout the week can be examined. The 1.2534 level can be followed. If this level is broken, supports at 1.2518, 1.2511 and 1.2505 may become important. In possible increases, resistance levels at 1.2541, 1.2550 and 1.2564 will be monitored. Support: 1.2518 – 1.2511 Resistance: 1.2541 – 1.2550
The US natural gas futures contract had tried to recover its losses in the second half of last week, as stocks increased below expectations and flows to liquid natural gas facilities increased compared to the previous week. After the maturity change, we are following prices just below $2. The $2 region is a region we follow closely, especially for medium-term outlook and daily closings. The course of European and US stock markets can be followed during the day. As long as pricing moves within the 1.72 - 1.76 region in the upcoming period, the decision-making phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If increases continue and persistence is seen above the 1.76 resistance, 1.78 and 1.82 levels may be encountered. If possible declines occur and persistent pricing occurs below the 1.70 level, 1.68 and 1.66 levels may come to the agenda. Support: 1.68 - 1.66 Resistance: 1.76 - 1.78
The classic Dollar Index 34 and 100-day averages (103.90 – 104.32 area) continue to wink at the 107 level scenario, but also keep the weak reaction / strong trend theme in the foreground with the desire to stay above 105.50. Since the Fed can now keep interest rates steady for longer than other major central banks, DXY remains strong. The first level in the continuation of the rise is 106,700, the high of November 10. Above, the DXY Index may encounter resistance at 107.35, the high of October 3. On the downside, new support levels must be overcome and the Dollar Index may see itself hovering around the first important level, the psychological figure of 105.50, and briefly returning below and above. Further down, 104.60 should also act as support, ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84 respectively. Support: 105,500-104,600 Resistance: 106,700-107,350
This week is important for both whether current geopolitical risks will continue and how much expectations for central banks can be updated along with important economic indicators. Before the official Fed meeting on May 1, the US Growth, Services PMI, PCE Inflation, Germany Manufacturing PMI, and the UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and EURUSD parity. The classic Dollar Index continues its scenario of blinking at the 107 level tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with its desire to stay above 105.50. Whether the current scenario will continue this week is important for the EURUSD course. . The 1.0650 level can be followed in intraday downward movements. If this level is broken, supports at 1.0643, 1.0635 and 1.0615 may become important. In possible increases, resistance levels will be monitored at 1.0675, 1.0683 and 1.0695. Support: 1.0643 – 1.0635 Resistance: 1.0675 – 1.0683
This week is important for both whether current geopolitical risks will continue and how much expectations for central banks can be updated along with important economic indicators. Before the official Fed meeting on May 1, Growth, Services PMI, PCE Inflation data from the US and UK Services PMI data from the UK should be followed carefully for the course of the Dollar Index and GBPUSD parity. The classic Dollar Index continues its scenario of blinking at the level of 107 tested in October 2023 on the 34 and 100-day averages (103.90 - 104.32 region), while it also keeps the weak reaction / strong trend theme in the foreground with its desire to stay above 105.50. Whether the current scenario will continue this week is important for the course of the GBPUSD. The 1.2340 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2310, 1.2285 and 1.2244 may become important. In possible increases, 1.2355, 1.2381 and 1.2407 will be monitored as resistance levels. Support: 1.2310 - 1.2285 Resistance: 1.2355 - 1.2381
The Japanese Yen (JPY) rose against its US counterpart in the Asian session on Tuesday, recovering some of the losses it recorded the day before, falling to its lowest level in 34 years. Investors are on the alert due to speculation that Japanese authorities will intervene in the markets soon, which is seen as a major factor supporting the JPY. However, a meaningful appreciation movement still seems unlikely due to expectations that the interest rate gap between the US and Japan will remain wide. The 154.65 level can be monitored for intraday downward movements. If it falls below this level, supports at 154.56, 154.42 and 154.33 could become important. In possible increases, resistance levels at 154.79, 154.88 and 155.02 will be monitored. Support: 154.560 - 154.420 Resistance: 154.880 - 155.020
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.60. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.80 levels can be observed. Permanent movements above 32.80 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.13) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.77 – 32.80
Despite the easing of the US 10-year Treasury bond yield towards 4.61%, ounce gold exhibited pricing dominated by a desire to decline. The precious metal, which opened the day at 2328, is trading around the 2304 level while the analysis is being prepared. During the day, leading service and manufacturing PMIs, new home sales and the Richmond manufacturing index can be monitored due to their possible effects. When we evaluate short-term ounce gold pricing technically, we are monitoring the 2340 - 2355 region, which is currently supported by the 13 (2345) and 34 (2359) period exponential moving average. As long as the precious metal moves below the 2340 - 2355 region, downward expectations may remain at the forefront. If the desire to decline continues, the 2300 and 2290 levels may be encountered. In the alternative case, permanence above the 2340 - 2355 region may be needed for the positive trend to come to the fore. In this case, a movement area may occur towards the levels of 2365 and 2375. Support: 2300 - 2290 Resistance: 2340 - 2355
Oil futures contracts have been following a more stable course after the high tensions in the Middle East until last week, and have increased their gains to some extent. However, Israel's focus on Gaza is still keeping tensions high. This is one of the factors supporting the rise. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. In the upcoming process, pricing outside the 82.00 - 82.50 region and 4-hour closings can clarify the search for direction. The desire to fall can come to the fore with the course below 82.00 and 4-hour closings. In this case, 81.50 and 81.00 levels can be targeted. In possible recoveries, the attitude of the 82.50 resistance can be followed. The breakdown of this resistance and 4-hour closings in the region can bring the 83.00 and 83.50 levels to our agenda. Support: 81.50 - 81.00 Resistance: 83.00 - 83.50
Oil futures contracts have been following a more stable course after the high tensions in the Middle East until last week, and have increased their gains to some extent. However, Israel's focus on Gaza is still keeping tensions high. This is also one of the factors supporting the rise. The course of European and US stock exchanges and the data flow on the US side can be followed during the day. As long as the pricing remains at and below the 86.50 - 87.00 resistance in the upcoming period, a downward trend may be at the forefront. In possible declines, 86.00 and 85.50 levels can be targeted. As long as the 86.50 - 87.00 resistance remains current in possible recoveries, new downward potential may occur. Therefore, it may be necessary to see 4-hour closings above 87.00 for the continuation of the upward desire. In this case, 87.50 and 88.00 levels may be on the agenda. Support: 87.00 - 86.50 Resistance: 87.50 - 88.00
The optimistic expectation that mega-capital companies that will announce their balance sheets this week had a profitable quarter allowed the Nasdaq index to end yesterday with an increase of over 1%. During the week, Tesla, Meta, Microsoft, Google balance sheets may be decisive in the index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 17200-17300 region. As long as the index is below the relevant region, negative expectations are at the forefront. In the continuation of the decline, the 17100-17000 levels can be followed as support. For recoveries, the index can be expected to remain above the 17300 level. If the 17300 level works as support, recoveries can be followed upwards towards the 17400-17500 levels. Support: 17100-17000 Resistance: 17300-17400
The DAXEUR index futures contract, which has been volatile in parallel with the US stock markets due to the risky asset escape reflex caused by the Middle East tension that remained hot throughout the week, is among the headlines to be followed for index movements throughout the week. When we examine the short-term pricing of the DAXEUR index technically, we are following the 17900 - 18000 region. As long as the index moves below the region, negative expectations are at the forefront. If the downward movement continues, the 17900 - 17800 levels may be encountered. If the 18100 - 18200 region works as support based on the 20 and 200-period exponential moving averages, a new upward potential may occur in the index. Under these conditions, the 18400 and 18500 levels may come to the agenda. Support: 17900 - 17800 Resistance: 18100 - 18200
BTCUSD, Last week, in foreign markets, uncertainty about the timing of the Fed's interest rate cuts and geopolitical tensions in the Middle East, especially the mixed evaluations of the first institutional results, created pressure on the trend. Treasury yields fell with the malaise. BTC and Altcoins fell as market participants nervously followed the turmoil in the Middle East. BTC and Altcoins, which started to recover after the halving on Saturday, managed to enter the rising channel again. BTC, which broke the $ 66,000 resistance again this morning, will turn its direction upwards as long as there are no more geopolitical risks. For BTC, which we expect to challenge the $ 68,000 resistance during the day, $ 64,000 seems to be the strongest support. Support: 64,000 - 52,000 Resistance: 68,000 - 72,000
US natural gas futures highlighted an upward outlook due to concerns about increasing demand in the US and limited production. On the other hand, the reactivation of the Freeport LNG facility was also effective in this picture. The course of European and US stock markets can be followed during the day. . In the upcoming process, as long as the prices move within the 1.78 - 1.81 region, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. If the increases continue and persistence is seen above the 1.81 resistance, the 1.85 and 1.88 levels may be encountered. In case of possible declines and permanent pricing below the 1.74 level, the 1.68 and 1.66 levels may come to the agenda. Support: 1.74 - 1.68 Resistance: 1.81 - 1.85
The classic Dollar Index 34 and 100-day averages (103.90 – 104.32 area) continue to wink at the 107 level scenario, but also keep the weak reaction / strong trend theme in the foreground with the desire to stay above 105.50. Since the Fed can now keep interest rates steady for longer than other major central banks, DXY remains strong. The first level in the continuation of the rise is 106,700, the high of November 10. Above, the DXY Index may encounter resistance at 107.35, the high of October 3. On the downside, new support levels must be overcome and the Dollar Index may see itself hovering around the first important level, the psychological figure of 105.50, and briefly returning below and above. Further down, 104.60 should also act as support, ahead of the area where the 55-day and 200-day Simple Moving Averages are located at 103.97 and 103.84 respectively. Support: 105,500-104,600 Resistance: 106,700-107,350
Oil prices followed a calm course in the Asian session ahead of the OPEC report to be released today. The course of the European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed along with the report during the day. It is seen that there is a general downward trend. Brent oil saw a high of 83.59 and a low of 82.04 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.87% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 39.94, while its momentum is at 94.60. The 82.95 level can be followed in intraday downward movements. If this level is dropped, the supports at 82.31, 81.40 and 80.76 may become important. In possible increases, the resistance levels of 83.86, 84.50 and 85.41 will be monitored. Support: 82.31 – 81.40 Resistance: 83.86 – 84.50
On the first trading day of the week; despite the US 10-year bond yield falling to 4.49%, ounce gold displayed downward pricing. For the precious metal, which started the day at 2328 and was traded around 2317 while the analysis was being prepared; core ISM manufacturing PMI and manufacturing PMI prices can be monitored during the day due to their possible effects. The daily loss for ounce gold, which closed at 2,321 on the previous trading day, was 0.27%. The RSI indicator for ounce gold, which is below its 20-day moving average, is at 45.52, while its momentum is at 97.66. The 2,324 level can be monitored in intraday upward movements. If this level is exceeded, the 2,335 and 2,339 resistances may become important. In possible pullbacks, 2,313 and 2,306 will be monitored as support levels. Support: 2313 - 2306 Resistance: 2324 - 2335
The stock markets were calm the other day before the inflation data to be announced tomorrow. The US PPI data and Chairman Powell's statements will be followed for the Nasdaq index, which started the second trading day of the week with a sell-off. While the monthly PPI change is expected to be at the level of 0.3%, the monthly expectation for Core PPI is 0.2% and the annual expectation is 2.3%. The US inflation to be announced tomorrow is the most critical data to be followed for the course of the US stock markets this week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18100 -18200 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18300 - 18400 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the downward break of the 18100 level. In this case, the 18000 - 17900 levels can be followed as support. Support: 18100 – 18000 Resistance: 18300 – 18400
OPEC+ statements were effective in starting the week with losses in oil futures. The organization announced that production cuts will continue in the third quarter and that the cuts will be gradually lifted over the next 12 months. The course of European and US stock exchanges can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 78.45 and a low of 76.52 on the previous trading day. The 77.35 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 78.19, 79.28 and 80.12 may become important. In possible pullbacks, 76.26, 75.42 and 74.33 will be monitored as support levels. Support: 76.26 - 75.42 Resistance: 78.19 - 79.28
The day we left behind, while European stock markets were horizontally negative, the DAXEUR index did not finish the day negative by 0.16%. Today, Germany ZEW Economic Sentiment, US PPI data and Chairman Powell's statements, and tomorrow, US inflation data can be followed for index movements. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 region. As long as the index receives support from the 20-period exponential moving average (18700), positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In the continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18700 - 18600 Resistance: 18900 - 19000
OPEC+ statements were effective in oil futures starting the week with losses. The organization announced that production cuts will continue in the third quarter and that the cuts will be gradually lifted over the next 12 months. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 82.64 and a low of 80.72 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.66% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 39.65, while its momentum is at 98.38. The 81.57 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 82.41, 83.49 and 84.34 may become important. In possible pullbacks, 80.49, 79.65 and 78.57 will be monitored as support levels. Support: 80.49 – 79.65 Resistance: 81.57 – 82.41
BTCUSD, although it scared its investors by reaching the 60000 limit yesterday morning, later entered an uptrend during the day and exceeded the 63000 level, closing the day close to the 63450 level. BTC Analysis, which started the new day with sales, is trading at 62600 at the time we prepared. We think that BTC, which is waiting for the CPI Verşsşn, which all markets focus on, will provide volatility based on the data to come from the USA. Since there is no data that will affect BTC today, it may go up and down with a band of $ 2000. If it breaks the 64000 band during the day, the most important support level is $ 62000 in open pullbacks up to 66000, if the sell position continues from here, we may see a pullback to $ 59000. Support: 62000 - 59000 Resistance: 64000 - 66000
The PCE data released on the last trading day of the past week was announced in line with expectations. As the FOMC meeting approaches, the PMI data and employment data set to be released this week are among the most important data sets to be followed for the Nasdaq index, which completed the past week with a decline after five consecutive weeks of increases. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18600 -18700 region for the index. It may be necessary to see persistence above the 18700 level for positive expectations in the index. In this case, the 18900 - 1900 levels can be followed as resistance. In declines, the 18500 - 18400 levels can be followed as support. Support: 18500 - 18400 Resistance: 18700 - 18800
Although US natural gas futures were exposed to profit taking on Friday and indicated that this would continue at the opening of the week, the effort to compensate for the loss after the opening created a mixed picture. The decline in production was followed as a particularly effective headline in the increases. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2.18 - 2.11 support supported by the 20-period exponential moving average, the upward view may be at the forefront. In possible increases, the 2.28 and 2.35 levels can be targeted. As long as possible decreases are limited by the 2.18 - 2.11 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.11 and 4-hour closings for the continuation of the downward desire. In this case, the 2.08 and 2.02 levels may come to the agenda. Support: 2.18 - 2.11 Resistance: 2.28 - 2.35
The DAXEUR index, which had a negative performance last week, managed to complete the last month with an increase. While the market expects the bank to make a 25 basis point cut in the ECB interest rate decision to be announced this week, clues will be sought for the bank's next roadmap in President Lagarde's statements after the decision. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. The pricing of the index outside the region will be monitored. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. In increases, 18800 - 18900 levels can be targeted. As long as the index moves below the relevant region, negative expectations may come to the fore. In decreases, 18500 - 18400 can be monitored as support. Support: 18500 - 18400 Resistance: 18700 - 18800
As the countdown begins for the US CPI data, which is the main focus of global markets, we watched the Classic Dollar Index's effort to stay above the 34-day average on the first trading day of the week. When we return to today, the data on the employment market from the UK and the inflation (PPI) from the US and the Fed Chairman Powell's speech attract attention. Before today's data, the Classic Dollar Index continues its course above the 34-day averages (104.25 - 104.98 region), accepting the 34-day average as the bottom. This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. The 105.160 level can be followed in intraday downward movements. In case of falling below this level, the support of 105.010 may become important. In possible increases, 105,580 and 105,850 will be monitored as resistance levels. Support: 105,160-105,010 Resistance: 105,580-105,850
BTCUSD managed to stay strong with ETH ETF News and BLACKROCK ETF Purchases Last Week It is now possible to talk about a certain price for BTC, which is very close to the best ETF Purchase in history. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture seems almost 0% likely for BTC to reach the $ 100,000 band in the near future. On the technical side, after breaking the daily $ 70,000 band, the most important support level is $ 66,000. If the sell position continues from here, we can see a pullback to $ 64,000. Support: 66,000 - 64,000 Resistance: 70,000 - 72,000
The view that warm weather in the US will increase cooling demand was effective in starting the week with gains in natural gas futures. However, it will be important whether increased production will overshadow this. Production and stock figures will also be monitored during the week, along with weather forecasts. As long as prices remain above the 2.49-2.42 support supported by the 20- and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.59 and 2.65 levels can be targeted. In possible decreases, the attitude of the 2.49-2.42 support can be monitored. A break of this support and hourly closings in the region may bring the 2.35 and 2.29 levels to our agenda. Support: 2.49-2.42 Resistance: 2.59-2.65
The Classic Dollar Index continues its compression trend between 105.00 - 103.90. We are looking for an answer to the question of where the relevant band will end this week. Above 105 can be explained as positive trend confirmation, below 103.90 as a trend change. Recent movements prioritize the idea of recovery towards the 105 level. The 104,480 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104,360, 104,130 and 103,990 may become important. In possible increases, 104,880, 105,040 and 105,270 will be followed as resistance levels. Support: 104,480-104,360 Resistance: 104,880-105,040
The countdown has begun for the US CPI data, which is the main focus of global markets. The reference indicators Dollar Index and US Bond Interest Rates may follow a dynamic course with the CPI data. Therefore, significant changes may be seen in the instant reaction in the parities. The classic Dollar Index keeps the idea of a reaction below the 34-day average (104.98) on its agenda before the critical CPI data. Today, the relevant reactions are seeking an answer to the question of whether they will continue to the 100-day average (104.28) or whether the current trend will continue above the 34-day average. EURUSD and GBPUSD parities are following a course that supports the short-term declines in the index with a positive reaction. The 1.0822 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0814, 1.0805 and 1.0797 may become important. In possible increases, 1.0830, 1.0838 and 1.0846 will be monitored as resistance levels. Support: 1.0814 - 1.0805 Resistance: 1.0830 - 1.0838
The Classic Dollar Index, which drew attention with its negative pricing behavior after the US ISM Manufacturing PMI data that fell below expectations and increased the pace of contraction yesterday and took an important step in ending the upward trend view, should be followed carefully in order to answer the question of whether it is serious in its intention. The 105-day averages psychologically and the 34-day and 100-day averages (104.33 - 104.65 region) theoretically can now be explained as a significant resistance and a strong resistance in order to create pressure for the new appearance of the index. The 1.0910 level can be followed in intraday upward movements. If this level is exceeded, the 1.0917, 1.0926 and 1.0935 resistances may become important. In possible pullbacks, 1.0899, 1.0890 and 1.0881 will be followed as support levels. Support: 1.0899 – 1.0890 Resistance: 1.0917 – 1.0926
The countdown has begun for the US CPI data, which is the main focus of global markets. The reference indicators Dollar Index and US Bond Interest Rates may follow a dynamic course with the CPI data. Therefore, significant changes may be seen in the instant reaction in the parities. The classic Dollar Index keeps the idea of a reaction below the 34-day average (104.98) on its agenda before the critical CPI data. Today, the relevant reactions are seeking an answer to the question of whether they will continue to the 100-day average (104.28) or whether the current trend will continue above the 34-day average. EURUSD and GBPUSD parities are following a course that supports the short-term declines in the index with a positive reaction. The 1.2592 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2584, 1.2575 and 1.2567 may become important. In possible increases, 1.2601, 1.2609 and 1.2618 will be monitored as resistance levels. Support: 1.2584 - 1.2575 Resistance: 1.2601 - 1.2609
After the US ISM Manufacturing PMI data that fell below expectations yesterday and accelerated the contraction, the Classic Dollar Index, which attracted attention with its negative pricing behavior and took an important step in ending the upward trend view, is serious in its intention to answer the question of whether it will react to the news flows that we will follow throughout the week should be followed carefully. Psychologically, 105, theoretically 34 and 100-day averages (104.33 - 104.65 area) can now be explained as a significant resistance and a strong resistance in order to create pressure for the new appearance of the index. The 1.2808 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2798, 1.2785 and 1.2775 may become important. In possible increases, 1.2821, 1.2831 and 1.2844 will be followed as resistance levels. Support: 1.2798 – 1.2785 Resistance: 1.2821 – 1.2831
The USD/JPY pair is trading with gains for the fourth consecutive day around 156.55 during the Asian session today. The pair's rise is supported by speculation that the Federal Reserve (Fed) may keep interest rates high for longer due to high inflation. However, fears that Japanese authorities may intervene in the foreign exchange markets may limit the upward movement of the USD/JPY pair. The pair, which closed at 156.38 on the previous trading day, lost 0.02% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 60.79, while its momentum is at 100.03. The 156.42 level can be followed in intraday upward movements. If this level is broken, the resistances at 156.53, 156.67 and 156.78 may become important. In possible pullbacks, 156.27, 156.16 and 156.02 will be monitored as support levels. Support: 156.270 – 156.160 Resistance: 156.530 – 156.670
Referring to the draft of this year’s long-term roadmap signed by the Japanese government, the government warned that authorities should “be careful about the impact that a weak Yen could have on household purchasing power through higher import prices.” The pair, which closed at 156.30 on the previous trading day, gained 0.14% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 52.76, while its momentum is at 100.42. The 156.26 level can be monitored in intraday downward movements. If this level is broken, the supports at 156.03, 155.75 and 155.53 may become important. In possible increases, the resistance levels at 156.53, 156.76 and 157.04 will be monitored. Support: 156.030 – 155.750 Resistance: 156.530 – 156.760
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.27. When we evaluate the USDTRY exchange rate in the short term, the 32.02 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.18. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
Despite the US PPI data coming in higher than expected, the 10-year Treasury bond yield falling towards 4.44% left room for upward pricing of gold. For the precious metal, which started the day at 2356 and traded around 2359 while the analysis was being prepared; CPI, retail sales and Empire State manufacturing index can be followed during the day. As long as it remains above 2,358.19, we can see upward momentum. For the ounce of gold, which closed at 2,358.54 on the previous trading day, the daily gain was 0.02%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 58.77, while its momentum is at 100.99. The 2,358.19 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,355, 2,352 and 2,349 may become important. In possible increases, 2,361, 2,364 and 2,367 will be monitored as resistance levels. Support: 2352 - 2349 Resistance: 2361 - 2364
With the ISM manufacturing PMI data showing that it is moving in the contraction zone, after the US 10-year bond yield decreased to 4.41%, the ounce of gold exhibited limited pricing. For the precious metal, which started the day at 2351 and was traded around 2347 while the analysis was being prepared; core JOLTS job opportunities can be monitored during the day due to possible effects. The daily loss for the ounce of gold, which closed at 2,348.80 on the previous trading day, was 0.08%. The upward movement observed in the US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 50.87, while its momentum is at 97.27. The 2,343 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,338 and 2,334 may become important. In possible increases, 2,353 and 2,362 will be monitored as resistance levels. Support: 2343 - 2338 Resistance: 2353 - 2362
While oil futures recovered some of the losses incurred yesterday, the American Petroleum Institute's announcement of a 3.1 million barrel decrease in stocks supported this recovery. The course of European and US stock markets, US inflation data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the pricing remains at and below the 78.50 - 79.00 resistance supported by the 50-period exponential moving averages during the day, a downward outlook may be at the forefront. In possible declines, 77.50 and 77.00 levels can be targeted. In recoveries, as long as the 78.50 - 79.00 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see a course above 79.00 and 4-hour closings for the continuation of the upward desire. In this case, 79.50 and 80.00 levels may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00
OPEC+'s announcement that it will gradually reduce production cuts starting in October caused pressure on oil futures at the beginning of the week, while declines continued gradually in the Asian session. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 77.36 and a low of 73.92 on the previous trading day. The 75.08 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 76.25, 78.52 and 79.69 may become important. In possible pullbacks, 72.81, 71.64 and 69.37 will be monitored as support levels. Support: 72.81 - 71.64 Resistance: 75.08 - 76.25
While oil futures recovered some of the losses incurred yesterday, the American Petroleum Institute's announcement of a 3.1 million barrel decrease in stocks supported this recovery. The course of European and US stock markets, US inflation data and stock figures to be announced by the US Energy Information Administration can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 83.35 and a low of 81.88 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.89% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 37.21, while its momentum is at 93.68. The 82.57 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.27, 84.05 and 84.74 may become important. In case of possible pullbacks, 81.79, 81.10 and 80.31 will be monitored as support levels. Support: 81.79 – 81.10 Resistance: 83.27 – 84.05
OPEC+'s announcement that it will gradually reduce production cuts starting in October caused pressure on oil futures at the beginning of the week, while declines continued gradually in the Asian session. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 81.60 and a low of 78.08 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 3.97% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 30.26, while its momentum is at 93.93. The 79.27 level can be followed in intraday upward movements. If this level is exceeded, resistances at 80.45, 82.79 and 83.97 may become important. In possible pullbacks, 76.93, 75.75 and 73.41 will be monitored as support levels. Support: 76.93 – 75.75 Resistance: 79.27 – 80.45
The US PPI data showed an increase above expectations the other day. Despite this, there was a relaxation in some categories used in the calculation of the personal consumption expenditure price index in the PPI report. The Nasdaq index gained 0.75 yesterday before the inflation data to be announced today. The New York Empire State Manufacturing Index data, especially consumer inflation, is among the data to be followed for the index, which started the week horizontally positively. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18200 -18300 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18500 - 18600 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the downward break of the 18200 level. In this case, the 18100 - 18000 levels can be followed as support. Support: 18200 – 18100 Resistance: 18400 – 18500
While expectations of a Fed discount increased due to the slowdown in manufacturing activities the day before, the Nasdaq index managed to complete the day with a 0.56% increase. JOLTS open job positions data is among today's important data sets. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 -18700 region for the index. It may be necessary to see persistence above the 18700 level for positive expectations in the index. In this case, the 18900 - 1900 levels can be followed as resistance. In declines, the 18500 - 18400 levels can be followed as support. Support: 18500 - 18400 Resistance: 18700 - 18800
Despite the positive course in European stock markets the day before, the DAXEUR index, which was negatively differentiated from the indices of other European countries, did not complete the day with a negative 0.14%. Today, the US inflation data can be followed for index movements along with the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 region. As long as the index receives support from the 20-period exponential moving average (18700), positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In the continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18700 - 18600 Resistance: 18900 - 19000
While the European stock markets, which were positive the other day, are expecting the bank to make a 25 basis point cut in the ECB interest rate decision to be announced this week, clues will be sought for the bank's next roadmap in President Lagarde's statements after the decision. When we technically examine the short-term pricing of the DAXEUR index, we are following the 18500 - 18600 region. The pricing of the index outside the region will be monitored. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. In increases, 18700 - 18800 levels can be targeted. As long as the index moves below the relevant region, negative expectations may come to the fore. In decreases, 18400 - 18300 can be monitored as support. Support: 18400 - 18300 Resistance: 18700 - 18800
The most important day of the week has come for BTCUSD. We think that BTC will end its search for direction for a while with the TUFE Data to be announced today. BTC, which was stuck in the 61000-63000 band yesterday, is expected to have very high volatility with the data today. If it breaks the 64000 band during the day, the most important support level is $61000 in open pullbacks up to 66000. If the sell position continues from here, we can see a pullback to $58000. Support: 61000 - 58000 Resistance: 64000 - 66000
BTCUSD managed to stay strong with ETH ETF News and BLACKROCK ETF Purchases Last Week It is now possible to talk about a certain price for BTC, which is very close to the best ETF Purchase in history. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture seems almost 0% likely for BTC to reach the $ 100,000 band in the near future. On the technical side, after breaking the daily $ 70,000 band, the most important support level is $ 66,000. If the sell position continues from here, we can see a pullback to $ 64,000. Support: 66,000 - 64,000 Resistance: 70,000 - 72,000
The US natural gas futures contract has taken a horizontal course after the gradual increases provided by the production outlook and warm weather forecasts, which have declined due to low prices. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 2.18 - 2.11 support supported by the 20-period exponential moving average, an upward view may be at the forefront. In possible increases, the 2.28 and 2.35 levels can be targeted. As long as possible decreases are limited by the 2.18 - 2.11 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.11 and 4-hour closings for the continuation of the downward desire. In this case, the 2.08 and 2.02 levels may come to the agenda. Support: 2.18 - 2.11 Resistance: 2.28 - 2.35
Natural gas futures managed to maintain their gains as concerns that the increased cooling demand due to hot weather in the US would increase production eased somewhat. The course of European and US stock markets can be followed during the day. In addition to weather forecasts, production and inventory figures will also be followed during the week. As long as prices remain above the 2.55 - 2.49 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.64 and 2.69 levels can be targeted. In possible decreases, the attitude of the 2.55 - 2.49 support can be monitored. A break of this support and hourly closings in the region may bring the 2.45 and 2.39 levels to our agenda. Support: 2.55 - 2.49 Resistance: 2.64 - 2.69
The countdown has begun for the US CPI data, which is the main focus of global markets. The reference indicators Dollar Index and US Bond Interest Rates may follow a dynamic course with the CPI data. Therefore, significant changes may be seen in the instant reaction in DXY. The classic Dollar Index keeps the idea of a reaction below the 34-day average (104.98) on its agenda before the critical CPI data. Today, the relevant reactions are looking for an answer to the question of whether they will continue to the 100-day average (104.28) or whether the current trend will continue above the 34-day average. Although the general trend of the index is positive, the reaction it creates significantly affects the instant reactions of the parities. The 104.860 level can be followed in intraday downward movements. In case of falling below this level, the support of 104.610 may become important. In possible increases, 105,180 and 105,350 will be monitored as resistance levels. Support: 104,860-104,610 Resistance: 105,180-105,350
The Classic Dollar Index, which drew attention with its negative pricing behavior after the US ISM Manufacturing PMI data that fell below expectations and increased the pace of contraction yesterday and took an important step in ending the upward trend view, should be followed carefully in order to answer the question of whether it is serious in its intention. The reaction it will give to the news flows that we will follow throughout the week should be carefully monitored. Psychologically, 105, theoretically, 34 and 100-day averages (104.33 - 104.65 region) can now be explained as a significant resistance and a strong resistance in order to create pressure for the new appearance of the index. The 103.960 level can be followed in intraday downward movements. If this level is broken, the supports at 103,730 and 103,590 may become important. In case of possible increases, the resistance levels at 104,330 and 104,650 will be monitored. Support: 103,960-104,730 Resistance: 104,330-104,650
Today, Services PMI from the UK, ADP Private Sector Employment and ISM Services PMI from the US, ECB Interest Rate Decision and President Lagarde Speech tomorrow, and Nonfarm Payrolls and Average Hourly Earnings on Friday are important developments that global markets will follow closely. The critical developments that will start in the middle of the week and will be completed with the Fed on Wednesday, June 12, can be expected to have an impact on asset prices from A to Z. EUR/USD The daily gain for the parity that closed at 1.0880 on the previous trading day was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.86, while its momentum is at 100.20. The 1.0882 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 1.0886, 1.0892 and 1.0897 may become important. In case of possible pullbacks, 1.0876, 1.0871 and 1.0865 will be monitored as support levels. Support: 1.0871 – 1.0865 Resistance: 1.0882 – 1.0886
Today, the Services PMI from the UK, ADP Private Sector Employment and ISM Services PMI from the US, tomorrow's ECB Interest Rate Decision and President Lagarde Speech, and Friday's Nonfarm Payrolls and Average Hourly Earnings are important developments that global markets will follow closely. The critical developments that will start in the middle of the week and will be completed with the Fed on Wednesday, June 12, can be expected to have an impact on asset prices from A to Z. The 1.2773 level can be followed in intraday downward movements. If this level is dropped below, the supports of 1.2765, 1.2755 and 1.2747 may become important. In possible increases, the resistance levels of 1.2783, 1.2791 and 1.2801 will be monitored. Support: 1.2755 - 1.2747 Resistance: 1.2783 - 1.2791
In Japan, labor cash earnings increased by 2.1% on an annual basis in April, exceeding expectations of 1.7%, while cash earnings in the previous period were revised from 0.6% to 1.0%. The Bank of Japan (BoJ) is stubbornly continuing its extremely easy monetary policy as it fears a return to a disinflationary environment in the future. The faster-than-expected increase in labor cash earnings will put pressure on the BoJ to begin tapering its easy monetary policy stance, which has been devaluing the yen by 2024. The exchange rate difference between the yen and all other global currencies has caused the yen to struggle in general. In intraday downward movements, the 155.31 level can be monitored. If this level is broken, supports at 155.03, 154.52 and 154.23 may become important. In possible increases, 155.82, 156.10 and 156.62 will be monitored as resistance levels. Support: 155.310 – 155.030 Resistance: 155.820 – 156.100
In a morning when developing country currencies diverge against the US Dollar for RY, USDTRY is currently trading close to 32.58. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.65, 32.77 and 32.90 levels can be observed. Permanent movements above 32.90 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.65 – 32.77
We observe that the markets, which were alarmed by the March CPI data, have largely been relieved of their current fears with the April CPI data. Although a performance below the March figures was displayed on an annual basis, the results that were parallel to expectations ensure that the rigidity of inflation remains on the agenda. In this respect, we can focus more on the results of the PCE data, the Fed's inflation indicator, at the end of the month. For now, the idea that two interest rate cuts may be made in 2024 (CME FedWatch) continues. While the decrease in fears on the pricing side created significant pressure on the Dollar Index, the increases in the EURUSD and GBPUSD parities drew attention. The 1.0887 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0896, 1.0906 and 1.0915 may become important. In possible pullbacks, 1.0878, 1.0869 and 1.0859 will be monitored as support levels. Support: 1.0878 – 1.0869 Resistance: 1.0906 – 1.0915
With JOLTS job opportunities falling short of expectations, the US 10-year bond yield falling to 4.30% rates supported the recovery of the ounce of gold. For the precious metal, which started the day at 2327 and was traded around 2338 while the analysis was being prepared; ADP non-farm employment change and ISM services PMI can be followed during the day due to possible effects. The daily gain for the ounce of gold, which closed at 2,338 on the previous trading day, was 0.47%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.04, while its momentum is at 96.36. The 2,333.99 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,329.97, 2,321.93 and 2,317.91 may become important. In possible increases, 2,342.03, 2,346.05 and 2,354.08 will be monitored as resistance levels. Support: 2333 - 2329 Resistance: 2342 - 2346
We observe that markets that were caught in fear with the March CPI data have largely cleared up their current fears with the April CPI data. Although a performance below the March figures was displayed on an annual basis, the results that were parallel to expectations ensure that the rigidity issue in inflation occupies the agenda. In this respect, we can focus more on the results of the PCE data, the Fed's inflation indicator, at the end of the month. For now, the idea that 2 interest rate cuts may be made in 2024 (CME FedWatch) continues. While the decrease in fears on the pricing side created significant pressure on the Dollar Index, the increases in EURUSD and GBPUSD parities drew attention. The 1.2688 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2675, 1.2661 and 1.2648 may become important. In possible increases, 1.2702, 1.2715 and 1.2729 will be monitored as resistance levels. Support: 1.2675 – 1.2661 Resistance: 1.2702 – 1.2715
Oil futures followed a course that tried to balance after the American Petroleum Institute announced an increase of over 4 million barrels in stocks. We had watched losses come to the fore in the previous two days. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. A downward trend parallel to Brent oil also prevails on the WTI side. WTI oil saw a high of 74.03 and a low of 72.46 on the previous trading day. The 73.74 level can be followed in intraday upward movements. If this level is exceeded, the 74.68 and 75.32 resistances may become important. In possible pullbacks, the 72.17, 71.53 and 70.60 support levels will be monitored. Support: 72.17 – 71.53 Resistance: 73.74 – 74.68
The USD/JPY pair recovered some of its losses near 154.45 in the early Asian session on Thursday. Softer US CPI inflation data put some selling pressure on the US Dollar (USD). However, the major pair recovered modestly after weaker-than-expected Japanese Gross Domestic Product (GDP) in the first quarter of 2024. The daily loss for the pair, which closed at 153.99 the previous trading day, was 0.58%. The RSI indicator for the pair, which is below its 20-day moving average, is at 47.34, while its momentum is at 97.60. Intraday upside movements can be followed at 154.17. If this level is passed, resistance levels of 154.73, 155.47 and 156.04 may become important. In case of possible pullbacks, support levels of 153.42, 152.86 and 152.11 will be monitored. Support: 153.420 - 152.860 Resistance: 154.730 - 155.470
Oil futures followed a course that tried to balance after the American Petroleum Institute announced an increase of over 4 million barrels in stocks. We had watched losses come to the fore in the previous two days. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 78.17 and a low of 76.74 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 1.25% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 28.09, while its momentum is at 92.16. The 77.96 level can be followed in intraday upward movements. If this level is exceeded, the 78.78 and 79.39 resistances may become important. In possible pullbacks, 76.53, 75.92 and 75.10 will be followed as support levels. Support: 76.53 – 75.92 Resistance: 77.96 – 78.78
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.07. When we evaluate the USDTRY exchange rate in the short term, the 31.82 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.15, 32.27 and 32.40 levels can be observed. Permanent movements above 32.40 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 31.92 – 31.71 Resistance: 32.15 – 32.27
The JOLTS job openings data we left behind both declined on a monthly basis and was announced below expectations. After the data, the US 10-year bond yield tested the lowest level in about 2 months with 4.32%. Today, the ADP data, which will be followed with importance before the non-farm payrolls data to be announced on Friday on the economic calendar, will be followed. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 -18700 region for the index. It may be necessary to see persistence above the 18700 level for positive expectations in the index. In this case, the 18800 - 18900 levels can be followed as resistance. In declines, the 18500 - 18400 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
Following the cooling signs of the US CPI data, the 10-year Treasury bond yield fell below 4.32%, and the ounce of gold recorded an upward trend. For the precious metal, which started the day at 2384 and was traded around 2388 while the analysis was being prepared; unemployment benefit applications, construction permits, Philadelphia Fed manufacturing index and industrial production data can be followed during the day. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 63.70, while its momentum is at 104.61. The 2,391 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,397.18, 2,402.61 and 2,407.89 may become important. In possible pullbacks, 2,386.48, 2,381.20 and 2,375.77 will be monitored as support levels. Support: 2386 - 2381 Resistance: 2397 - 2402
While European stock markets are expecting the bank to make a 25 basis point cut in the ECB interest rate decision to be announced tomorrow, European stock markets were negative yesterday. While the Dax40 index lost more than 1%, clues will be sought for the bank's next roadmap in President Lagarde's statements after the decision tomorrow. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18500 - 18400 can be followed as support. Support: 18400 - 18300 Resistance: 18600 - 18700
According to the US Energy Information Administration; crude oil inventories decreased more than expected. Energy Information Administration data showed that US crude oil inventories decreased by 2.5 million barrels, exceeding expectations of a decrease of 400 thousand barrels. On the other hand, the cooling signs of US CPI data caused the Dollar Index to decline and both developments supported oil prices. The course of US stock markets and unemployment benefits applications can be followed in the rest of the day. As long as the prices move in the 78.00 - 79.00 region supported by the 20 and 50 period exponential moving averages, the decision phase scenario may be valid. 4-hour closings outside the region can be followed for direction search. In order for the positive trend to come to the fore, resistances of 79.50 and 80.00 may be encountered with a possible persistence above the 79.00 level. In order for the negative expectation to come to the fore, if persistent pricing is seen below the 78.00 level, the supports of 77.50 and 77.00 may come to the fore. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00
BTCUSD exceeded the $70,000 band again with the Incoming Purchases Yesterday. It managed to stay strong with the ETH ETF News and BLACKROCK ETF Purchases Last Week. It is now possible to talk about a certain price for BTC, which is very close to the best ETF Purchase in history. It does not seem possible for the market to be below the $56,000 bottom level, but it will not seem very possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $100,000 band will be close for BTC. On the technical side, after breaking the daily $72,000 band, the most important support level is $69,000 in open pullbacks up to $75,000, if the sell position continues from here, we can see a pullback to $66,000. Support: 69,000 - 66,000 Resistance: 72,000 - 75,000
According to the US Energy Information Administration; crude oil inventories decreased more than expected. Energy Information Administration data showed that US crude oil inventories decreased by 2.5 million barrels, exceeding expectations for a decrease of 400 thousand barrels. On the other hand, the cooling signs of the US CPI data caused the Dollar Index to decline and both developments supported oil prices. It is seen that there is a general downtrend. Brent oil saw a high of 82.79 and a low of 80.85 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.23% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 38.39, while its momentum is at 94.77. The 82.11 level can be followed in intraday downward movements. If this level is dropped, the supports of 81.42, 80.17 and 79.48 may become important. In possible increases, 83.36, 84.05 and 85.31 will be monitored as resistance levels. Support: 82.11 - 81.42 Resistance: 83.36 - 84.05
The eagerly awaited US inflation headline data the other day was announced in line with expectations on an annual basis, while monthly inflation fell to 0.3%, below market expectations of 0.4%. Core inflation fell from 3.8% to 3.6% on an annual basis, marking the lowest increase in the last three years. Markets expect the Fed to cut interest rates by a quarter point twice this year. Industrial production, unemployment benefit applications, and statements by FOMC members are among the headlines to be followed for index movements during the day. When we examine the short-term pricing of the Nasdaq index futures contract technically, we follow the 18600 -18700 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the downward break of the 18600 level. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800
The other day, US stock markets rallied after the US inflation data, while European stock markets followed a positive trend parallel to the US markets. While the DAXEUR index gained close to 1%, the statements of the FOMC members following the US inflation data today are among the titles to be followed for index movements along with the course of the European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18800 - 18900 region. As long as the index receives support from the relevant region supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 19000 - 19100 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18800 - 18900 region. In continuation of decreases, 18700 - 18600 levels can be followed as support. Support: 18700 – 18600 Resistance: 18900 – 19000
BTCUSD, The most important day of the week is behind us and the expected data has started an upward trend for BTC, which has been suppressed for the last 2 weeks, and has risen above the 66000 band again. We are watching that the markets, which were afraid with the March CPI data, have been significantly relieved of their current fears with the April CPI data. Although a performance below the March figures is exhibited on an annual basis, the results that are parallel to expectations keep the rigidity issue in inflation on the agenda. In this respect, we can focus more on the result of the PCE data, which is the Fed's inflation indicator, at the end of the month. If it breaks the 66000 band during the day, the most important support level is $64000 in open retreats up to 69000, if the sell position continues from here, we can see a retreat to $61000. Support: 64000 - 61000 Resistance: 66000 - 69000
Natural gas futures remain positive with optimism about demand and a declining production outlook. Weather forecasts indicate that higher than normal temperatures may be experienced in the coming days, which supports increased gas consumption to meet electricity demand for air conditioning. The course of the US stock markets and unemployment benefits can be monitored throughout the day. As long as pricing remains at and above the 2.26 - 2.21 region, an upward outlook may be at the forefront. In possible increases, 2.35 and 2.39 levels can be targeted. As long as possible declines are limited by the 2.26 - 2.21 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.290 and 4-hour closings for the continuation of the downward desire. In this case, 2.15 and 2.11 levels may come to the agenda. Support: 2.26 - 2.21 Resistance: 2.35 - 2.39
We observe that markets that were caught in fear with the March CPI data have largely cleared up their current fears with the April CPI data. Although a performance below the March figures was displayed on an annual basis, the results that were parallel to expectations ensure that the rigidity issue in inflation occupies the agenda. In this respect, we can focus more on the results of the PCE data, the Fed's inflation indicator, at the end of the month. While the decrease in fears on the pricing side creates significant pressure on the Dollar Index, we will pay attention to its performance in the remaining days of the week to see if it can put an end to the expectation of an increase below the 34 and 100-day averages (104.28 - 104.96). The 104.160 level can be followed in intraday downward movements. If this level is dropped, the support of 103.810 may become important. In possible increases, 104,480 and 104,750 will be monitored as resistance levels. Support: 104,160-103,810 Resistance: 104,480-104,750
We are leaving behind a week in which we have reached the answer to the question of whether inflation will continue to scare the markets in the US. After the employment and wages at the beginning of the month, we see that the markets are preparing to close a much happier week with the CPI data in the middle of the week. Although the Fed does not expect as many interest rate cuts (3) as in its March projections, the estimates that 2 cuts will take place by the end of the year can be explained as a process assessment reminiscent of the phrase “showing death and accepting malaria”. The daily loss for the parity, which closed at 1.0856 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is above its 20-day moving average, is at 61.88, while its momentum is at 101.32. The 1.0861 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 1.0869, 1.0881 and 1.0888 may become important. In case of possible pullbacks, 1.0849, 1.0842 and 1.0830 will be monitored as support levels. Support: 1.0849 – 1.0842 Resistance: 1.0881 – 1.0888
We are leaving behind a week in which we have reached the answer to the question of whether inflation will continue to scare the markets in the US. After the employment and wages at the beginning of the month, we see that the markets are preparing to close a much happier week with the CPI data in the middle of the week. Although the Fed does not expect as many interest rate cuts (3) as in its March projections, the estimates that 2 cuts will occur by the end of the year can be explained as a process assessment reminiscent of the idiom “showing death and accepting malaria”. The daily loss for the parity, which closed at 1.2656 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 60.43, while its momentum is at 101.02. The 1.2661 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 1.2672, 1.2687 and 1.2698 may become important. In case of possible pullbacks, 1.2646, 1.2635 and 1.2620 will be monitored as support levels. Support: 1.2646 – 1.2635 Resistance: 1.2672 – 1.2687
The USD/JPY pair is trading at 155.760 on Thursday, up a few tenths of a percent after weaker-than-expected Japanese growth data put pressure on the Japanese Yen (JPY). Japanese Gross Domestic Product (GDP) contracted by a deeper-than-expected 0.5 percent quarter-on-quarter in Q1, with experts expecting a 0.4 percent decline after a 0.0 percent change in the previous quarter. The pair, which closed at 155.81 the previous trading day, gained 0.27 percent on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.25, while its momentum is at 100.84. Intraday downward movements can be followed at 155.69. If this level is broken, supports at 155.45, 155.10 and 154.86 may become important. In case of possible increases, resistance levels will be monitored at 156.04, 156.28 and 156.64. Support: 155.450 - 155.100 Resistance: 156.040 - 156.280
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
On the last trading day of the week; the recovery of the US 10-year Treasury bond yield towards 4.37% allowed for relatively limited pricing of ounce gold. For the precious metal, which started the day at 2377 and traded around 2377 while preparing the analysis; FOMC member Waller's speech can be followed during the day. As long as it remains above 2,377.72, we can see upward momentum. The daily gain for ounce gold, which closed at 2,377.90 on the previous trading day, was 0.05%. The RSI indicator for ounce gold, which is above its 20-day moving average, is at 60.88, while its momentum is at 102.51. The 2,377 level can be followed for intraday downward movements. If this level is exceeded, the supports of 2,374, 2,370 and 2,367 may become important. In possible increases, 2,381, 2,384 and 2,388 will be monitored as resistance levels. Support: 2377 - 2374 Resistance: 2384 - 2388
With the recent decline in US crude oil stocks and the strengthening expectations that the Fed will cut interest rates this year, oil prices have shown some recovery. The course of US stock markets can be followed throughout the day. As long as prices move in the 78.50 - 79.00 region supported by the 20 and 50-period exponential moving average, the decision-making phase scenario may be valid. 4-hour closings outside the region can be followed for direction. In order for the positive trend to stand out, resistances at 79.50 and 80.00 may be encountered with a possible persistence above the 79.00 level. In case of persistent pricing below the 78.50 level for the negative expectation to stand out, supports at 78.00 and 77.50 may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00
With the recent decline in US crude oil inventories and the strengthening of expectations that the Fed will cut interest rates this year, oil prices have shown some recovery. The course of US stock markets can be followed throughout the day. . It is seen that there is a general downtrend. Brent oil saw a high of 83.47 and a low of 82.05 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.58% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 41.38, while its momentum is at 96.80. The 82.89 level can be followed in intraday downward movements. If this level is broken, the supports at 82.31, 81.47 and 80.89 may become important. In possible increases, 83.74, 84.32 and 85.16 will be monitored as resistance levels. Support: 82.89 – 82.31 Resistance: 83.74 – 84.32
After the US inflation data, the Nasdaq index exceeded the March peak of 18700 due to the effect of the increased risk appetite in the market, but could not make a daily close above the level due to the effect of the recovery in US bond yields. While the FOMC members whose statements we followed yesterday stated that they will not act hastily in terms of interest rate cuts, the economic calendar is calm in the US today. The statements of FOMC members Daly and Waller will be followed together with the course of the US stock markets for index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we follow the 18600 -18700 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the downward break of the 18600 level. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800
The DAXEUR index was negative in the European market the other day, losing 0.6% at the close. The final inflation data for the Eurozone will be followed on the last trading day of the week, which will be calm in terms of the economic calendar. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. As long as the index receives support from the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18800 - 18900 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18600 - 18700 region. In the continuation of decreases, 18500 - 18400 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
very active week for BTCUSD is behind us and the expected CPI data has started an upward trend for BTC, which has been suppressed for the last 2 weeks, and has caused it to break the 66000 band again. We are watching that the markets, which were afraid with the CPI data for March, have been significantly relieved of their current fears with the CPI data for April. This played an important role in the appreciation of risky assets, but let's not forget that the market is currently perceiving everything positively and pricing it. If a serious crisis occurs, it will take back in 1 hour what it gave in 1 week. It is always useful to be careful. If it breaks the 67000 band during the day, the most important support level is $64000 in open pullbacks up to 69000. If the sell position continues from here, we can see a pullback to $61000. Support: 64000 - 61000 Resistance: 67000 - 69000
Natural gas prices continue to rise due to expectations that both the stock data will increase less than expected and the warmer weather conditions until the end of May will increase air conditioning use and increase energy demand. The course of the US stock markets can be followed throughout the day. As long as the pricing remains in the 2.36 - 2.31 region and above, an upward outlook may be at the forefront. In possible increases, 2.45 and 2.49 levels can be targeted. As long as possible decreases are limited by the 2.36 - 2.31 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.31 and 4-hour closings for the continuation of the downward desire. In this case, 2.25 and 2.21 levels may come to the agenda. Support: 2.36 - 2.31 Resistance: 2.45 - 2.49
We are leaving behind a week in which we have reached the answer to the question of whether inflation will continue to scare the markets in the US. The Classic Dollar Index fell below the 34 and 100-day averages (104.28 - 104.86) that we base it on, but could not show a permanent reaction below the uptrend low point (103.90) for confirmation. This attitude could not support the continuation of the rises of the EURUSD and GBPUSD parities. In this respect, in answering the question of what kind of a road map should be formed in the parities in the new period, we need to follow the pricing behavior outside the 103.90 - 104.90 levels in the Dollar Index. It is currently struggling right in the middle of this region. The 104.360 level can be followed in intraday downward movements. In case of falling below this level, the support of 104.110 may become important. In possible increases, 104,780 and 104,950 will be monitored as resistance levels. Support: 104,360-104,110 Resistance: 104,780-104,950
We have started a new week. When we evaluate the week in general, the most followed developments of the week can be explained as the PMI data, which is the leading indicator of growth, as well as the speech of FOMC members (Bostic, Barr, Waller, Jefferson, Mester, Barkin, Williams), US Treasury Secretary, ECB President Lagarde and BoE President Bailey, and the minutes of the FOMC meeting on May 1. When we focus on today, the speech of FOMC members Bostic, Barr, Waller, Jefferson and Mester should be closely followed in terms of the course of the index and parities. The daily gain for the parity, which closed at 1.0881 on the previous trading day, was 0.10%. The RSI indicator for the parity, which is above its 20-day moving average, is at 65.00, while its momentum is at 101.45. The 1.0876 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0869, 1.0857 and 1.0850 may become important. In possible increases, 1.0888, 1.0895 and 1.0907 will be monitored as resistance levels. Support: 1.0869 – 1.0857 Resistance: 1.0888 – 1.0895
We have started a new week. When we evaluate the week in general, the most followed developments of the week can be explained as the PMI data, which is the leading indicator of growth, as well as the speech of FOMC members (Bostic, Barr, Waller, Jefferson, Mester, Barkin, Williams), US Treasury Secretary, ECB President Lagarde and BoE President Bailey, and the minutes of the FOMC meeting on May 1. When we focus on today, the speech of FOMC members Bostic, Barr, Waller, Jefferson and Mester should be followed closely in terms of the course of the index and parities. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 64.92, while its momentum is at 101.39. The 1.2705 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2698, 1.2687 and 1.2680 may become important. In possible increases, 1.2715, 1.2722 and 1.2733 will be monitored as resistance levels. Support: 1.2698 - 1.2687 Resistance: 1.2715 - 1.2722
The USD/JPY pair is on the verge of seeing major changes in corporate activity, according to findings from a survey conducted by the Bank of Japan (BoJ) to assess past monetary easing measures. The pair closed at 155.76 on the previous trading day, making a daily gain of 0.07%. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.07, while its momentum is at 101.40. The 155.75 level can be monitored in intraday downward movements. If this level is broken, supports at 155.57, 155.38 and 155.20 may become important. In possible increases, resistance levels at 155.94, 156.13 and 156.32 will be monitored. Support: 155.380 – 155.200 Resistance: 155.940 – 156.130
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
On the first trading day of the week; as the Fed's interest rate cut expectations gained strength, the ounce of gold broke a record. For the precious metal, which started the day at 2419 and traded around 2437 while the analysis was being prepared; the speeches of the FOMC members can be followed during the day. As long as it remains above 2,431.31, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,436.85 on the previous trading day, was 0.92%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 68.59, while its momentum is at 105.78. The 2,451 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,442, 2,437 and 2,432 may become important. In possible increases, 2,462, 2,467 and 2,472 will be monitored as resistance levels. Support: 2442 - 2437 Resistance: 2462 - 2467
Along with the developments over the weekend, oil prices continued their gradual rise. Yesterday, the Iranian President and Foreign Minister lost their lives in a helicopter crash. Ukraine's drone attacks on Russian oil refineries continue. On Saturday, an oil tanker heading to China was attacked by the Houthis. Therefore, we can say that the perception of geopolitical risk is high. The course of European and US stock markets can be followed during the day. As long as the pricing remains at and above the 78.50 - 79.00 support supported by the 13, 20 and 50-period exponential moving averages during the day, an upward trend may be at the forefront. In possible increases, the 80.00 and 80.50 levels can be targeted. In decreases, as long as the 78.50 - 79.00 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 78.50 and 4-hour closings for the continuation of the downward desire. In this case, the 78.00 and 77.50 levels may come to the agenda. Support: 79.00 – 78.50 Resistance: 80.00 – 80.50
Along with the developments over the weekend, oil prices continued their gradual rise. Yesterday, the Iranian President and Foreign Minister lost their lives in a helicopter crash. Ukraine's drone attacks on Russian oil refineries continue. On Saturday, an oil tanker heading to China was attacked by the Houthis. Therefore, we can say that the perception of geopolitical risk is high. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 83.79 and a low of 82.85 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.65% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 44.63, while its momentum is at 100.30. The 84.45 level can be followed in downward movements during the day. If this level is dropped, the supports of 83.89, 83.31 and 82.16 may become important. In possible increases, 84.55, 84.89 and 85.39 will be monitored as resistance levels. Support: 83.89 – 83.31 Resistance: 84.55 – 84.89
The US inflation data released last week revived expectations for a Fed rate cut. The Nasdaq index managed to complete four consecutive weeks in positive territory with a 2% increase on a weekly basis. The minutes of the last FOMC meeting, where the Fed did not change the interest rate and Chairman Powell closed the door to the possibility of a rate hike, will be followed. In the rest of the week, the US preliminary PMI data will be the economic calendar data to be followed for index movements, while we can say that the Nvidia balance sheet to be announced in the middle of the week is one of the important developments to be followed for index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18600 -18700 region for the index. As long as the index is above the region, positive expectations are at the forefront. In increases, the 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the breakdown of the 18600 level downwards. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800
The DAXEUR index, which had a horizontal negative trend last week, ended the week with a 0.18% decrease. This week, German and Eurozone PMI data, US PMI and FOMC meeting minutes are among the topics to be followed for the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. As long as the index receives support from the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18800 - 18900 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18600 - 18700 region. In the continuation of decreases, 18500 - 18400 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
very active week for BTCUSD has passed and it has managed to start the new week with an increase and broke the 67000 band. In this, the fact that last week's data, especially the TUFE data, was as expected, caused the upward trend to start for BTC, which has been suppressed for the last 2 weeks. But let's not forget that the market is currently perceiving everything positively and pricing it. If a serious crisis occurs, it will take back in 1 hour what it gave in 1 week. It is always useful to be careful. If it breaks the 69000 band during the day, the most important support level is $65000 in open pullbacks up to 72000, if the sell position continues from here, we can see a pullback to $62000. Support: 65000 - 62000 Resistance: 69000 - 72000
The US natural gas futures contract continues to rise with the view of increasing demand for liquid natural gas in addition to the currently declining production. In addition to consolidating its permanence above $2, prices have reached their highest levels since January. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2,538-2,570 support, an upward outlook may be at the forefront. In possible increases, 2,691 and 2,733 levels can be targeted. In possible decreases, the attitude of the 2,538-2,570 support can be followed. A break of this support and 4-hour closings in the region may bring the 2,491 and 2,450 levels to our agenda. Support: 2.57-2.53 Resistance: 2.69-2.73
The Classic Dollar Index has attracted attention with its negative pricing behavior in the recent process. The index's performance this week should be followed carefully in a process that allows us to question whether the positive trend appearance has ended by falling below the 34 and 100-day EMA. The general strategy can be explained as the confirmation of the uptrend with persistence above the 34-day average (104.85), and the end of the uptrend with persistence below the trend bottom point (103.90). The PMI data, primarily, as well as the speech of FOMC members (Bostic, Barr, Waller, Jefferson, Mester, Barkin, Williams), US Treasury Secretary, ECB President Lagarde and BoE President Bailey, and the minutes of the FOMC meeting on May 1 can be explained as the most followed developments of the week. The 104.260 level can be followed in intraday downward movements. In case of falling below this level, the support of 104.110 may become important. In possible increases, 104,780 and 104,950 will be monitored as resistance levels. Support: 104,260-104,110 Resistance: 104,780-104,950
We left the first trading day of the week behind with the statements of Fed officials. The statements that there is no evidence of an increase in interest rates (Daly), that inflation has not cooled down fast enough to lower interest rates (Jefferson) and that it has caused disappointment (Barr) can be explained as the summary statements of the officials. The traffic of conversations continues today. The statements of critical names such as US Treasury Secretary Yellen, ECB President Lagarde, BoE President Bailey, as well as officials such as Waller, Barkin, Williams and Bostic on the Fed side should be followed carefully. The daily loss for the parity, which closed at 1.0858 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 61.68, while its momentum is at 100.89. The 1.0857 level can be followed for intraday downward movements. If this level is broken, supports at 1.0851, 1.0845 and 1.0839 may become important. In possible increases, resistance levels will be monitored at 1.0864, 1.0870 and 1.0876. Support: 1.0851 – 1.0845 Resistance: 1.0870 – 1.0876
We left the first trading day of the week behind with the statements of Fed officials. The statements that there is no evidence of an increase in interest rates (Daly), that inflation has not cooled down fast enough to lower interest rates (Jefferson) and that it has caused disappointment (Barr) can be explained as the summary statements of the officials. The traffic of conversations continues today. The statements of critical names such as US Treasury Secretary Yellen, ECB President Lagarde, BoE President Bailey, and also officials such as Waller, Barkin, Williams and Bostic on the Fed side should be followed carefully. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 64.96, while its momentum is at 101.29. The 1.2706 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2699, 1.2689 and 1.2682 may become important. In possible increases, 1.2716, 1.2723 and 1.2733 will be monitored as resistance levels. Support: 1.2699 - 1.2689 Resistance: 1.2723 - 1.2733
The Japanese Yen (JPY) lost value for the fourth consecutive session on Tuesday, driven by the significant interest rate difference between Japan and the United States (US). This pressure on the JPY supported the USD/JPY pair. Market sentiment is emerging that the Bank of Japan (BoJ) may raise interest rates earlier than expected against the weak Japanese Yen. The daily gain for the pair, which closed at 156.46 on the previous trading day, was 0.13%. The RSI indicator for the pair, which is above its 20-day moving average, is at 59.34, while its momentum is at 102.28. Intraday downward movements can be followed at 156.40. If this level is broken, supports at 156.25, 156.04 and 155.89 may become important. In case of possible increases, resistance levels at 156.61, 156.76 and 156.97 will be monitored. Support: 156.250 – 156.040 Resistance: 156.610 – 156.760
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.20. When we evaluate the USDTRY exchange rate in the short term, the level of 31.92 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
The FOMC members' statements indicating a cautious stance led to the US 10-year bond yield rising above 4.45%, allowing the ounce of gold to see some pressure. For the precious metal, which started the day at 2426 and traded around 2414 while the analysis was being prepared; the speeches of US Treasury Secretary Yellen and FOMC member Waller can be followed during the day. The ounce of gold continues to move above the indicators we follow in the short term. As the precious metal limits the pullbacks in the 2400 - 2413 region, which we currently follow with indicators, the positive trend may continue. If upward pricing continues, a movement area may form towards the 2425 and 2431 resistances. The 2.417 level can be followed in intraday upward movements. If this level is exceeded, the 2,429.17, 2,444.42 and 2,455.76 resistances may become important. In case of possible pullbacks, 2,402.59, 2,391.24 and 2,376.00 will be monitored as support levels. Support: 2402 - 2391 Resistance: 2417 - 2429
Despite headlines that raised geopolitical risk perceptions over the weekend, oil futures contracts showed a downward trend. A weak demand outlook is making its impact felt ahead of the OPEC meeting to be held in early June. The course of European and US stock markets, Fed officials' speeches and the stock figures to be announced by the American Petroleum Institute can be followed during the day. The upward effort has once again been blocked by the 79.50 - 80.00 resistance. Therefore, for now, we will be following the effectiveness of this resistance instead of following the average. As long as pricing remains at and below the 79.50 - 80.00 resistance during the day, a downward view may be at the forefront. In possible declines, 78.50 and 78.00 levels can be targeted. In recoveries, as long as the 79.50 - 80.00 resistance remains current, new downward potential may occur. Therefore, for the continuation of the upward desire, it may be necessary to see the course above 80.00 and 4-hour closings. In this case, 80.50 and 81.00 levels may come to the agenda. Support: 78.00 – 77.50 Resistance: 79.50 – 80.00
Oil futures contracts showed a downward trend despite headlines that raised geopolitical risk perceptions over the weekend. The weak demand outlook is making its impact felt ahead of the OPEC meeting to be held in early June. The course of European and US stock markets, Fed officials' speeches and the stock figures to be announced by the American Petroleum Institute can be followed during the day. Brent oil, which followed a buying course on the last trading day, gained 0.58% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 41.38, while its momentum is at 96.80. The 82.89 level can be followed in intraday downward movements. If this level is dropped below, supports at 82.31, 81.47 and 80.89 may become important. In possible increases, resistance levels at 83.74, 84.32 and 85.16 will be monitored. Support: 82.89 - 82.31 Resistance: 83.74 - 84.32
While US stock markets are rising again due to the warming expectations of Fed interest rate cuts, Nasdaq managed to complete the day with a 0.65% increase before the expected Nvidia balance sheet. While the US leading PMI data will be the economic calendar data to be followed for index movements throughout the week, Nvidia balance sheet, which the market believes will determine the future direction of the index expected in the middle of the week, is among the important developments of the week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 -18700 region for the index. As long as the index is above the region, positive expectations are at the forefront. In increases, 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations may come to the fore with the downward break of the 18600 level. In this case, 18400 – 18300 levels can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800
While European stock markets were flat and positive the other day, the DAXEUR index closed the day in positive territory with a 0.35% increase. Throughout the week, German and Eurozone PMI data, US PMI and FOMC meeting minutes are among the titles to be followed for the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 region. As long as the index receives support from the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In the continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
BTCUSD, Bitcoin rose to $71,957 and Ethereum to $3,720 as investors bought up the cryptocurrency after a report that the SEC suddenly asked exchanges to update their regulatory filings to trade Ethereum ETFs (expectations that approval could come this week increased). Despite some profit taking in the morning hours, BTC still remains above the 71,000 band and the pair, which has the wind behind it, will now set new targets for breaking the 80,000 band. If it breaks the 72,000 band during the day, the most important support level is $70,000 in open pullbacks to 75,000, and if the sell position continues from here, we could see a pullback to $68,000. Support: 70,000 – 68,000 Resistance: 72,000 – 75,000
The US natural gas futures contract continued its upward trend after the increased cooling demand due to weather conditions and the decrease in production provided support. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2,650 - 2,591 support, an upward outlook may be at the forefront. In possible increases, the 2,775 and 2,820 levels can be targeted. In possible decreases, the attitude of the 2,650 - 2,691 support can be followed. A break of this support and hourly closings in the region may bring the 2,610 and 2,570 levels to our agenda. Support: 2.65 - 2.59 Resistance: 2.77 - 2.82
We left the first trading day of the week behind with the statements of Fed officials. The summary statements of the officials can be explained as the continuation of the upward risks regarding inflation (Mester), but no evidence of an increase in interest rates (Daly), inflation not cooling fast enough to lower interest rates (Jefferson) and disappointment (Barr). The Classic Dollar Index attracted attention with its negative pricing behavior last week. The general strategy can be explained as the confirmation of the uptrend with the persistence above the 34-day average (104.85), and the end of the uptrend with the persistence below the trend low (103.90). The 104,600 level can be followed in intraday downward movements. If this level is broken, the supports at 104,460, 104,210 and 103,890 may become important. In case of possible increases, the resistance levels at 104,780, 104,950 and 105,170 will be monitored. Support: 104,460-104,110 Resistance: 104,780-104,950
The FOMC meeting minutes, where we will reach the details of the Fed meeting on May 1, will be on our radar today. The Classic Dollar Index attracted attention with its negative pricing behavior last week. The performance of the index in this process is important in a process that allows us to question whether the positive trend appearance has ended by falling below the averages we base it on (34 and 100-day EMA). The general strategy can be explained as the confirmation of the uptrend with the persistence above the 34-day average (104.85), and the end of the uptrend with the persistence below the trend bottom point (103.90). The daily loss for the parity, which closed at 1.0855 on the previous trading day, was 0.00%. The RSI indicator for the parity, which is above its 20-day moving average, is at 61.11, while its momentum is at 100.79. The 1.0857 level can be followed in intraday upward movements. If this level is passed, resistance levels of 1.0862, 1.0869 and 1.0874 may become important. In case of possible pullbacks, support levels of 1.0850, 1.0845 and 1.0838 will be monitored. Support: 1.0850 - 1.0845 Resistance: 1.0862 - 1.0869
The FOMC meeting minutes, where we will access the details of the Fed meeting on May 1, will be on our radar today. The Classic Dollar Index attracted attention with its negative pricing behavior last week. The performance of the index in this process is important in a process that allows us to question whether the positive trend appearance has ended by falling below the averages we base it on (34 and 100-day EMA). The general strategy can be explained as the confirmation of the uptrend with persistence above the 34-day average (104.85), and the end of the uptrend with persistence below the trend bottom point (103.90). The RSI indicator for the exchange rate below the 20-day moving average is at 65.27, while its momentum is at 101.19. The 1.2713 level can be followed in intraday upward movements. If this level is exceeded, the 1.2722, 1.2732 and 1.2740 resistances may become important. In case of possible pullbacks, 1.2704, 1.2695 and 1.2685 will be monitored as support levels. Support: 1.2704 – 1.2695 Resistance: 1.2722 – 1.2732
The Japanese Yen (JPY) lost value for the fourth consecutive session on Tuesday, driven by the significant interest rate differential between Japan and the US (US). This pressure on the JPY supported the USD/JPY pair. Market sentiment suggests that the Bank of Japan (BoJ) may raise interest rates earlier than expected against the weak Japanese Yen. The pair, which closed at 156.31 on the previous trading day, gained 0.10% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 58.49, while its momentum is at 101.56. The 156.26 level can be followed in intraday downward movements. If this level is broken, supports at 156.17, 156.02 and 155.93 may become important. In possible increases, resistance levels at 156.40, 156.49 and 156.63 will be monitored. Support: 156.170 – 156.020 Resistance: 156.400 – 156.490
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.18. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
The fact that the Fed members continued to take a cautious stance in their statements and the US 10-year bond yield moved around the 4.42% rate allowed the ounce of gold to see some pressure. For the precious metal, which started the day at 2420 and traded around the 2415 level while the analysis was being prepared; current home sales and FOMC meeting minutes can be followed during the day. The daily loss for the ounce of gold, which closed at 2,416.12 on the previous trading day, was 0.2%. The upward movement observed in the US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 64.71, while its momentum is at 103.97. The 2,418.36 level can be followed in intraday upward movements. If this level is exceeded, the 2,424.33, 2,432.53 and 2,438.49 resistances may become important. In case of possible pullbacks, 2,410.16, 2,404.19 and 2,395.99 will be monitored as support levels. Support: 2410 - 2404 Resistance: 2424 - 2432
Oil futures contracts have been suppressed by the impact of the American Petroleum Institute's announcement of a 2.48 million barrel increase in stocks. The course of European and US stock exchanges and whether the official stock figures to be announced by the US Energy Information Administration will confirm this increase will be monitored during the day. The upward effort has once again been blocked by the 79.50 - 80.00 resistance. Therefore, for now, we will be monitoring the effectiveness of this resistance instead of following the average. As long as pricing remains at and below the 79.50 - 80.00 resistance during the day, a downward outlook may be at the forefront. In possible declines, 78.50 and 78.00 levels may be targeted. In recoveries, as long as the 79.50 - 80.00 resistance remains current, new downward potential may occur. Therefore, for the continuation of the upward desire, it may be necessary to see the course above 80.00 and 4-hour closings. In this case, 80.50 and 81.00 levels may come to the agenda. Support: 77.50 – 77.00 Resistance: 78.50 – 79.00
Oil futures contracts have been suppressed by the impact of the American Petroleum Institute's announcement of a 2.48 million barrel increase in stocks. The course of European and US stock markets and whether the official stock figures to be announced by the US Energy Information Administration will confirm this increase will be monitored during the day. It is seen that there is a general downtrend. Brent oil saw a high of 83.56 and a low of 81.96 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.26% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 38.85, while its momentum is at 99.68. The 82.65 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.34, 84.25 and 84.94 may become important. In possible pullbacks, 81.74, 81.05 and 80.14 will be monitored as support levels. Support: 81.74 – 81.05 Resistance: 83.34 – 84.25
Although the US indexes show signs of fatigue at record levels, the Nasdaq index managed to complete the day with a 0.22% increase before the expected Nvidia balance sheet. While the US PMI data will be the economic calendar data to be followed for index movements throughout the week, the Nvidia balance sheet, which is expected to be announced today and which the market believes will determine the future direction of the index, is among the important developments of the week. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 -18700 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18800 - 18900 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the downward break of the 18600 level. In this case, the 18400 - 18300 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
While European stock markets were negative the day before, the DAXEUR index closed the day horizontally negative with a 0.00% decrease. Throughout the week, German and Eurozone PMI data, US PMI and FOMC meeting minutes are among the topics to be followed for the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 region. As long as the index receives support from the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In the continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
BTCUSD, Bitcoin rose to $71,957 and Ethereum to $3,720 as investors bought up the cryptocurrency after a report that the SEC suddenly asked exchanges to update their regulatory filings to trade Ethereum ETFs (expectations that approval could come this week increased). Despite some profit taking, BTC still remains near the 70,000 band, and with the wind behind it, new targets will now be breaking the 80,000 band. If it breaks the 71,000 band during the day, the most important support level is $69,000 in open pullbacks to 73,000, and if the sell position continues from here, we could see a pullback to $67,000. Support: 69,000 – 67,000 Resistance: 71,000 – 73,000
Following its recent rally, the natural gas futures contract fell below averages with an effective profit taking. The bankruptcy filing of a contractor company operating in Golden Pass, one of the export facilities in the US, was effective in this. This development, which threatened optimism regarding exports, highlighted the idea that there may be abundant supply in the US again. The course of European and US stock exchanges can be followed during the day. As long as the prices remain at and above the 2.55 - 2.52 support, an upward outlook may be at the forefront. In possible increases, the 2.62 and 2.66 levels can be targeted. In possible decreases, the attitude of the 2.55 - 2.52 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.48 and 2.42 levels to our agenda. Support: 2.55 - 2.52 Resistance: 2.62 - 2.66
The FOMC meeting minutes, where we will access the details of the Fed meeting on May 1, will be on our radar today. The Classic Dollar Index attracted attention with its negative pricing behavior last week. The performance of the index in this process is important in a process that allows us to question whether the positive trend appearance has ended by falling below the averages we base it on (34 and 100-day EMA). The general strategy can be explained as the confirmation of the uptrend with persistence above the 34-day average (104.85), and the end of the uptrend with persistence below the trend bottom point (103.90). (Although it continues to stay above the 100-day average (104.27) in the first two trading days of the week, we have not yet seen confirmation on the upside.) The 104,600 level can be followed in intraday downward movements. If this level is broken, the supports at 104,460, 104,210 and 103,890 may become important. In case of possible increases, the resistance levels at 104,780, 104,950 and 105,170 will be monitored. Support: 104,460-104,110 Resistance: 104,780-104,950
The classic Dollar Index followed a profile that compensated for its losses this week by doing the exact opposite of the negative pricing behavior it had last week. The fluctuations in main indicator items such as Growth, Employment and especially Inflation provide instant revisions in expectations for banks. In light of recent developments, the Dollar Index accepted the bottom point of the uptrend (103.90) as the bottom and reached the 100-day average (104.80) and is trying to find confirmation for its current rise. This attitude limits and questions the rise of EURUSD and GBPUSD. Due to its closeness, the theoretical 100-day average / Psychologically 105 level is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The 1.0828 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0823, 1.0816 and 1.0811 may become important. In possible increases, 1.0835, 1.0840 and 1.0847 will be monitored as resistance levels. Support: 1.0823 - 1.0816 Resistance: 1.0835 - 1.0840
The Classic Dollar Index followed a profile that compensated for its losses this week by doing the exact opposite of the negative pricing behavior it had last week. The fluctuations in main indicator items such as Growth, Employment and especially Inflation provide instant revisions in expectations for banks. In light of recent developments, the Dollar Index accepted the bottom point of the uptrend (103.90) as the bottom and reached the 100-day average (104.80) and is trying to find confirmation for its current rise. This attitude limits and questions the rise of EURUSD and GBPUSD. Due to its closeness, the theoretical 100-day average / Psychologically 105 level is an area that should be followed carefully before the critical ECB and Fed meetings of the index. In case of falling below this level, the supports of 1.2719, 1.2709 and 1.2702 may become important. In possible increases, 1.2736, 1.2743 and 1.2753 will be monitored as resistance levels. Support: 1.2719 – 1.2709 Resistance: 1.2736 – 1.2743
Despite the Bank of Japan (BoJ) announcing on Thursday that it would not change the amount of Japanese government bonds (JGB) compared to the previous operation, the Japanese Yen (JPY) remains flat. More than a month ago, the BoJ reduced the amount of 5-10 year bonds it purchased in a planned operation. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.71 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is above its 20-day moving average, is at 60.17, while its momentum is at 101.31. In intraday upward movements, the 156.75 level can be followed. If this level is passed, resistance levels of 156.86, 157.01 and 157.11 may become important. In case of possible pullbacks, support levels of 156.60, 156.50 and 156.35 will be monitored. Support: 156.600 - 156.500 Resistance: 156.860 - 157.010
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.16. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
Although the US 10-year bond yield is moving around the 4.43% rate, the Fed members' relatively hawkish statements in their statements left room for the ounce of gold to be priced downward. For the precious metal, which started the day at 2380 and traded around the 2362 level while the analysis was being prepared; leading service and manufacturing PMIs and unemployment benefit applications can be followed during the day. . The upward movement observed in US bond yields is pressuring the ounce of gold downward. While the RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 55.18, its momentum is at 102.58. The 2,368 level can be followed in intraday upward movements. If this level is exceeded, the 2,372, 2,381 and 2,389 resistances may become important. In possible pullbacks, 2,358, 2,352 and 2,348 will be monitored as support levels. . Support: 2358 - 2352 Resistance: 2372 - 2381
The US Energy Information Administration's announcement of a 1.8 million barrel increase in stocks suppressed the recovery effort created by expectations of a decrease in stocks, pulling oil futures contracts down even further. The course of European and US stock exchanges can be followed during the day. A downward trend parallel to Brent oil prevails on the WTI side. WTI oil saw a high of 78.32 and a low of 77.19 on the previous trading day. The 77.56 level can be followed in intraday upward movements. If this level is exceeded, the 77.94, 78.70 and 79.08 resistances may become important. In possible pullbacks, the 76.81, 76.43 and 75.67 support levels will be monitored. Support: 76.43 - 75.67 Resistance: 77.94 - 78.70
The US Energy Information Administration's announcement of a 1.8 million barrel increase in stocks suppressed the recovery effort created by expectations of a decrease in stocks, pulling oil futures contracts down even further. The course of European and US stock exchanges can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 82.52 and a low of 81.44 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 1.2% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 35.01, while its momentum is at 97.69. The 81.80 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 82.16, 82.88 and 83.24 may become important. In case of possible pullbacks, 81.09, 80.72 and 80.01 will be monitored as support levels. Support: 81.09 – 80.72 Resistance: 82.16 – 82.88
After the FOMC meeting minutes, the Nasdaq index, which finished the day in the negative region with increasing question marks about the Fed's interest rate cut and timing, opened the new day with a positive opening of nearly 1% after the expected Nvidia balance sheet. The US leading PMI data to be announced today is among the economic calendar data to be followed for index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -18800 region for the index. As long as the index moves above the region, positive expectations are at the forefront. In increases, the 18900 - 19000 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the downward break of the 18800 level. In this case, the 18700 - 18600 levels can be followed as support. Support: 18800 - 18700 Resistance: 18900 - 19000
While European stock markets were negative the day before, the DAXEUR index closed the day horizontally negative with a 0.25% decrease. During the day, the PMI data for Germany and the Eurozone, as well as the US PMI and the course of European stock markets are among the titles to be followed. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. As long as the index moves above the relevant region supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18800 - 18900 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index moving below the 18600 - 18500 region. In decreases, 18400 - 18300 can be followed as support. Support: 18600 - 18500 Resistance: 18800 - 18900
BTCUSD, Bitcoin rose to $71,957 and Ethereum to $3,765 as investors bought the cryptocurrency after a report that the SEC suddenly asked exchanges to update their regulatory filings (approval is likely to come tonight) for Ethereum ETF trading. Despite some profit taking, BTC still remains near the 70,000 band and the pair, which has the wind behind it, will now aim to break the 80,000 band. If it breaks the 71,000 band during the day, the most important support level is $69,000 in open pullbacks to 73,000, and if the sell position continues from here, we could see a pullback to $67,000. Support: 69,000 – 67,000 Resistance: 71,000 – 73,000
After US natural gas futures were subject to profit sales, we saw that it quickly recovered its losses with the focus on summer demand and milder expectations in stocks. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 2.73 - 2.67 support supported by the 20 and 50-period exponential moving averages, the upward trend may be at the forefront. In possible increases, 2.82 and 2.85 levels can be targeted. In possible decreases, the attitude of the 2.73 - 2.67 support can be followed. A break of this support and hourly closings in the region may bring the 2.59 and 2.55 levels to our agenda. Support: 2.73 - 2.67 Resistance: 2.82 - 2.85
The classic Dollar Index followed a profile that compensated for its losses this week by doing the exact opposite of the negative pricing behavior it had last week. The fluctuations in main indicator items such as Growth, Employment and especially Inflation provide instant revisions in expectations for banks. In light of recent developments, the Dollar Index accepted the bottom point of the uptrend (103.90) as the bottom and reached the 100-day average (104.80) and is trying to find confirmation for its current rise. Theoretically, the 100-day average / Psychologically, the level of 105 is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The level of 104,600 can be followed in intraday downward movements. If this level is broken, the supports at 104,860, 104,510 and 104,190 may become important. In case of possible increases, the resistance levels at 105,000, 105,180 and 105,470 will be monitored. Support: 104,860-104,510 Resistance: 105,000-105,180
In an environment where the possibility of a rate cut at the June meeting of the European Central Bank ECB is almost certain, the swap market expectations, where the pricing area is shaped by the idea that the US Federal Reserve Fed's first rate cut will be made at its September meeting, may only have 1 rate cut for the rest of the year, have strengthened the movements exactly opposite to the negative pricing behavior of the Classic Dollar Index last week and created a positive momentum again by exceeding the indicators. This attitude limits the increases in EURUSD and GBPUSD, while also questioning their current short-term outlook. Due to its closeness, the current theoretical 100-day average (104.80) / Psychologically 105 level is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The 1.0814 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0822, 1.0834 and 1.0842 may become important. In case of possible pullbacks, 1.0802, 1.0794 and 1.0782 will be monitored as support levels. Support: 1.0794 – 1.0782 Resistance: 1.0822 – 1.0834
The swap market expectations, where the pricing area is shaped by the idea that the US Federal Reserve's first interest rate cut was made at the European Central Bank's June meeting, while the US Federal Reserve's first interest rate cut was made at the September meeting, may only make 1 interest rate cut for the rest of the year, ensured that the movements, which were exactly the opposite of the negative pricing behavior of the Classic Dollar Index last week, strengthened and created a positive momentum again by exceeding the indicators. This attitude limits the EURUSD and GBPUSD increases, while also questioning their current short-term outlook. Due to its closeness, the 100-day average (104.80) theoretically / 105 level psychologically is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The 1.2693 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2701, 1.2709 and 1.2716 may become important. In case of possible pullbacks, 1.2686, 1.2678 and 1.2670 will be monitored as support levels. Support: 1.2678 – 1.2670 Resistance: 1.2701 – 1.2709
Despite the Bank of Japan (BoJ) announcing on Thursday that it has not changed the amount of Japanese government bonds (JGB) compared to the previous operation, the Japanese Yen (JPY) remains flat. More than a month ago, the BoJ reduced the amount of 5-10 year bonds it purchased in a planned operation. It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upward. The daily gain for the parity, which closed at 157.09 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.17, while its momentum is at 101.03. The 157.04 level can be followed for intraday downward movements. If this level is broken, the supports at 156.94, 156.79 and 156.68 may become important. In case of possible increases, the resistance levels at 157.19, 157.30 and 157.45 will be monitored. Support: 156.940 – 156.790 Resistance: 157.190 – 157.300
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.21. When we evaluate the USDTRY exchange rate in the short term, the level of 31.92 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 may strengthen the upward thinking. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
Following the US leading manufacturing and services PMI results above expectations, the 10-year bond yield rose to 4.47%, leaving room for the ounce of gold to be priced downward. For the precious metal, which started the day at 2328 and traded around 2337 while the analysis was being prepared; durable goods orders, Michigan consumer sentiment and FOMC member Waller's speech can be followed during the day. As long as it remains above 2,333, we can see upward momentum. For the ounce of gold, which closed at 2,334 on the previous trading day, the daily gain was -0.23%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.22, while its momentum is at 101.09. The 2,333 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,328, 2,321 and 2,318 may become important. In possible increases, 2,341, 2,347 and 2,353 will be monitored as resistance levels. Support: 2328 - 2321 Resistance: 2341 - 2347
Oil futures were suppressed again with the weak demand outlook. The weak outlook in the US, especially during the driving season, is also effective in this. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil prevails on the WTI side. WTI oil saw a high of 78.54 and a low of 76.34 on the previous trading day. The 77.24 level can be followed in intraday upward movements. If this level is exceeded, the 78.14, 79.45 and 80.35 resistances may become important. In possible pullbacks, 75.94, 75.04 and 73.73 will be monitored as support levels. Support: 75.94 – 75.04 Resistance: 77.24 – 78.14
Oil futures were suppressed again with the weak outlook in demand. The weak outlook in the US, especially during the driving season, is also effective in this. The course of European and US stock markets can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 82.73 and a low of 80.73 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.31% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 34.09, while its momentum is at 97.95. The 81.55 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 82.37, 83.55 and 84.36 may become important. In possible pullbacks, 80.38, 79.56 and 78.39 will be monitored as support levels. Support: 80.38 – 79.56 Resistance: 82.37 – 83.55
Following the PMI data announced the day before, the Nasdaq index ended the day with a 0.39% loss of value. The probability that the Fed will cut interest rates in September has decreased to 53% (CME). This rate was at 65% during the week. With the increasing question marks regarding the timing of the Fed's interest rate cut, the Nasdaq index, which finished the day in the negative region, could not be saved by the NVDIA Balance Sheet. As we always say, a product cannot increase forever, corrections will definitely come. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18600 -18700 region for the index. The pricing of the index outside the region will be monitored. It may be necessary to see movement above the 18800 resistance for positive expectations. In increases, the 18900 - 19000 levels can be followed as resistance. In decreases, a pullback to 18500 can be seen if it falls below 18600. Support: 18600 – 18500 Resistance: 18700 – 18800
While the European stock markets were mixed the day before, the DAXEUR index completed the day horizontally positive. The course of the US and European stock markets can be followed for index movements during the day. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18500 - 18600 region. As long as the index moves above the relevant region supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 188700 - 18800 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index moving below the 186500 - 18400 region. In decreases, 18300 - 18200 can be followed as support. Support: 18500 - 18400 Resistance: 18700 - 18800
BTCUSD, After a report that the SEC suddenly asked exchanges that want to trade Ethereum ETFs to update their regulatory filings, ETF Approval came for ETH last night, just like BTC News After the market fell, a serious profit was realized With the depreciation of NASDAQ, BTC fell below the 67000 band again While Preparing the Analysis, BTC, which recovered up to 67400, If it breaks the 69000 band during the day, it will be 72000, and in open pullbacks, the most important support level is $66000, if the sell position continues from here, we can see a pullback to $64000. Support: 66000 - 64000 Resistance: 69000 - 72000
Although US natural gas futures have recovered after rising demand due to rising temperatures, we saw profit taking accelerate after the inventory data released yesterday. Despite the US Energy Information Administration announcing an increase in inventory below Friday's surveys, the sales drew attention. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2.63 - 2.57 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.72 and 2.75 levels can be targeted. In possible decreases, the attitude of the 2.63 - 2.57 support can be monitored. A break of this support and hourly closings in the region may bring the 2.49 and 2.45 levels to our agenda. Support: 2.63 - 2.57 Resistance: 2.72 - 2.75
The swap market expectations, where the pricing area was shaped by the idea that the US Federal Reserve's first interest rate cut was realized in the September meeting of the European Central Bank, while there may be only 1 interest rate cut in the rest of the year, ensured that the movements that were exactly the opposite of the negative pricing behavior of the Classic Dollar Index last week strengthened and created a positive momentum again by exceeding the indicators. Currently, theoretically, the 100-day average (104.80) / Psychologically, the level of 105 is an area that should be followed carefully before the critical ECB and Fed meetings of the index. The level of 104,600 can be followed in intraday downward movements. If this level is broken, the supports at 104,860, 104,510 and 104,190 may become important. In case of possible increases, the resistance levels at 105,180, 105,3100 and 105,470 will be monitored. Support: 104,860-104,510 Resistance: 105,180-105,310
CPI from Germany and the Eurozone, Growth from the US, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. Today is the Memorial Day holiday in the US, so a calmer start to the week may be observed. IFO Business Climate Index from Germany and FOMC Member Williams' speech from the US can be explained as intraday developments. 1.0848 level can be followed in intraday downward movements. In case of falling below this level, supports of 1.0843, 1.0838 and 1.0833 may become important. In possible increases, 1.0854, 1.0859 and 1.0864 will be watched as resistance levels. Support: 1.0843 - 1.0838 Resistance: 1.0854 - 1.0859
CPI from Germany and the Eurozone, Growth from the US, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. A calmer start to the week may be observed today due to the Memorial Day holiday in the US. IFO Business Climate Index from Germany and FOMC Member Williams' speech from the US can be explained as intraday developments. 1.2740 level can be followed in intraday downward movements. In case of falling below this level, supports of 1.2736, 1.2728 and 1.2724 may become important. In possible increases, 1.2748, 1.2752 and 1.2760 will be watched as resistance levels. Support: 1.2728 - 1.2724 Resistance: 1.2748 - 1.2752
Bank of Japan (BoJ) Vice President Shinichi Uchida said in a statement today that "we have broken the zero lower bound" to fix inflation expectations at 2%. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.77 on the previous trading day, was 0.14%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.90, while its momentum is at 100.83. The 156.79 level can be followed for intraday upward movements. If this level is passed, resistance levels of 156.92, 157.07 and 157.20 may become important. In case of possible pullbacks, support levels of 156.64, 156.51 and 156.36 will be monitored. Support: 156.640 - 156.510 Resistance: 156.920 - 157.070
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.21. When we evaluate the USDTRY exchange rate in the short term, the level of 31.92 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 may strengthen the upward thinking. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
On the first trading day of the week; the US 10-year bond yield moving around the 4.45% rate allowed the ounce of gold to move limitedly. The precious metal, which started the day at 2335, is trading around the 2342 level while the analysis is being prepared. The daily gain for the ounce of gold, which closed at 2,342.68 on the previous trading day, was 0.27%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.74, while its momentum is at 99.85. The 2,340.91 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,334.16, 2,325.64 and 2,318.88 may become important. In possible increases, the resistance levels of 2,349.43, 2,356.19 and 2,364.71 will be monitored. Support: 2334 - 2325 Resistance: 2349 - 2356
As the US begins the process of driving season, which is called the driving season and travel is intense, OPEC is expected to meet online on Sunday. Although oil futures started the week with a limited recovery effort, they still have not been able to make an effective recovery from the bottom with the weak demand-plenty supply view. WTI oil saw a high of 77.89 and a low of 76.04 on the previous trading day. The 77.18 level can be followed in intraday downward movements. If this level is dropped below, the supports of 76.46, 75.32 and 74.61 may become important. In possible increases, the resistance levels of 78.32, 79.03 and 80.18 will be monitored. Support: 77.18 - 76.46 Resistance: 78.32 - 79.03
As the process called the driving season in the US begins and travel intensifies, OPEC is expected to meet online on Sunday. Although oil futures started the week with a limited recovery effort, they still have not been able to make an effective recovery from the bottom with the weak demand-plenty supply view. Brent oil saw a high of 82.18 and a low of 80.46 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.86% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 38.93, while its momentum is at 98.05. The 81.51 level can be followed in intraday downward movements. If this level is broken, the supports of 80.84, 79.79 and 79.12 may become important. In possible increases, 82.57, 83.23 and 84.29 will be followed as resistance levels. Support: 81.51 – 80.84 Resistance: 82.57 – 83.23
The Nasdaq index has risen for five consecutive weeks this past week, making its longest-running rise since February. The US stock market will be closed today due to the US Memorial Day. Throughout the week, the US growth data, primarily the PCE data that the Fed follows as an inflation indicator, is among the most effective economic calendar data to follow for index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -18700 region for the index. The pricing of the index outside the region will be monitored. It may be necessary to see movement above the 18900 resistance for positive expectations. In increases, the 19000 - 19100 levels can be followed as resistance. In decreases, if it falls below 18700, a pullback to 18600 may be seen. Support: 18700 - 18600 Resistance: 18900 - 19000
While European stock markets completed the week we left behind with a horizontal negative, German inflation data to be announced in the middle of the week and Eurozone inflation data to be announced on the last trading day of the week may have an impact on the market's expectations for ECB interest rates, which are considered certain to be cut in June. The course of US and European stock markets and the German ifo business climate index can be followed for index movements during the day. The index is expected to rise from 89.4 points to 90 points in May. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18500 - 18600 region. As long as the index moves above the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18700 - 18800 levels can be targeted. In possible decreases, negative expectations may come to the fore with the index moving below the 18500 - 18400 region. In declines, 18300 – 18200 can be followed as support. Support: 18500 – 18400 Resistance: 18700 – 18800
BTCUSD, Last week, after a report that the SEC suddenly asked exchanges that wanted to trade Ethereum ETFs to update their regulatory filings, ETF Approval came for ETH, just like BTC News After the market fell, a serious profit was realized. Then, the market idled and closed the week close to the 69000 band. BTC, which started the new week again from these levels, if it breaks the 69000 band during the day, the most important support level is $ 66000 in open pullbacks up to 72000, if the sell position continues from here, we can see a pullback to $ 64000. Support: 66000 - 64000 Resistance: 69000 - 72000
US natural gas futures experienced an effective pullback last week with profit sales. Following the contract change, we are following a trend above $2.50. In addition to weather conditions, stock and production figures will be monitored throughout the week. As long as prices remain above the 2.53-2.47 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.62 and 2.65 levels may be targeted. In possible decreases, the attitude of the 2.53-2.47 support may be monitored. A break of this support and hourly closings in the region may bring the 2.49 and 2.45 levels to our agenda. Support: 2.53-2.47 Resistance: 2.62-2.65
For the Classic Dollar Index, a quieter start to the week can be observed today due to the Memorial Day holiday in the US. The IFO Business Climate Index from Germany and the speech of FOMC Member Williams from the US can be explained as intraday developments. It is trying to decide whether to continue the uptrend with its course between 105.00 - 103.90. The possible permanent movements of the index outside the relevant region in this process are also very important in order to interpret the short-term roadmap of the EURUSD and GBPUSD parity. Above 105.00 can be explained as positive trend continuity, below 103.90 as trend change. In intraday downward movements, the 104.600 level can be followed. If this level is broken, the support levels of 104,460, 104,310 and 104,090 may become important. In case of possible increases, the resistance levels of 104,980, 105,110 and 105,370 will be monitored. Support: 104,600-104,460 Resistance: 104,980-105,110
The decisions of the ECB on June 6, the Fed on June 12, and the BoE on June 20 are quite important in determining the roadmap of global markets in the summer period. The uncertainty that occurs especially on the Fed side creates different changes in asset pricing behaviors. Short-term risk management becomes much more important in such times. Important indicators will take place this week as we complete May before the critical dates. Among these indicators, CPI from Germany and the Eurozone, Growth from the US, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. Today, Conference Board (CB) Consumer Confidence and FOMC members' speeches can be explained as intraday developments. The 1.0869 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0857, 1.0835 and 1.0823 may become important. In possible increases, 1.0891, 1.0903 and 1.0925 will be monitored as resistance levels. Support: 1.0857 – 1.0835 Resistance: 1.0891 – 1.0903
The decisions of the ECB on June 6, the Fed on June 12 and the BoE on June 20 are quite important in determining the roadmap of global markets in the summer period. The uncertainty that has emerged especially on the Fed side creates different changes in asset pricing behaviors. CPI from Germany and the Eurozone, Growth from the USA, Conference Board (CB) Consumer Confidence, FOMC members / Fed officials' speeches and the Fed Inflation indicator PCE (Personal Consumption Expenditures / Spending) should be followed carefully. Today, Conference Board (CB) Consumer Confidence and FOMC members' speeches can be explained as intraday developments. The 1.2770 level can be followed in intraday downward movements. If this level is dropped below, the supports of 1.2761 and 1.2754 1.2730 may become important. In possible increases, 1.2786, 1.2793 and 1.2802 will be followed as resistance levels. Support: 1.2761 – 1.2754 Resistance: 1.2786 – 1.2793
Japanese Finance Minister Shunichi Suzuki said today that he is very concerned about the negative effects of the weakening Yen and will take all necessary measures regarding the currency. While the Japanese Yen (JPY) does not seem to be affected by these comments, the USD/JPY parity is last traded at 156.78, down 0.04% for the day. The downward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 156.70 on the previous trading day, was 0.11%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.24, while its momentum is at 100.61. The 156.84 level can be followed for intraday upward movements. If this level is passed, resistance levels of 156.89, 157.08 and 157.22 may become important. In case of possible pullbacks, support levels of 156.56, 156.43 and 156.23 will be monitored. Support: 156.560 - 156.430 Resistance: 156.890 - 157.080
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.16. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
The US 10-year bond yield rising above 4.46% allowed the ounce of gold to be suppressed. For the precious metal, which started the day at 2352 and was traded around 2352 while the analysis was being prepared; The Conference Board consumer confidence can be monitored during the day due to its possible effects. From a technical perspective, we can see downward relaxations as long as it remains below 2,352.42. For the ounce of gold, which closed at 2,351.55 on the previous trading day, the daily gain was 0.02%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 51.27, while its momentum is at 99.62. The 2,352.42 level can be monitored in intraday upward movements. If this level is exceeded, the 2,355.54, 2,359.54 and 2,362.66 resistances may become important. In case of possible pullbacks, 2,348.42, 2,345.30 and 2,341.30 will be monitored as support levels. Support: 2348 - 2345 Resistance: 2355 - 2359
With the increasing tension between Israel and Egypt, oil futures continued to rise and climbed above the averages. The course of European and US stock markets can be followed with the news flow that may come from the region during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 78.65 and a low of 77.59 on the previous trading day. The 78.26 level can be followed in intraday downward movements. In case of falling below this level, the supports of 77.87, 77.21 and 76.82 may become important. In possible increases, the resistance levels of 78.93, 79.31 and 79.98 will be monitored. Support: 77.87 – 77.21 Resistance: 78.93 – 79.31
With the increasing tension between Israel and Egypt, oil futures continued to rise and climbed above the averages. The course of European and US stock markets can be followed with the news flow that may come from the region during the day. It is seen that there is a general downward trend. Brent oil saw a high of 82.96 and a low of 81.87 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.18% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 44.96, while its momentum is at 98.75. The 82.57 level can be followed in intraday downward movements. If this level is dropped, the supports of 82.17, 81.48 and 81.08 may become important. In possible increases, 83.26, 83.66 and 84.36 will be monitored as resistance levels. Support: 82.17 – 81.48 Resistance: 83.26 – 83.66
While the stock market was closed due to the US Memorial Day, the Nasdaq index managed to gain over 1%. Throughout the week, the PCE data, which the Fed follows as an inflation indicator, and the US growth data are among the most effective economic calendar data to be followed for index movements. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18700 -18800 region for the index. The pricing of the index outside the region will be monitored. It may be necessary to see movement above the 18900 resistance for positive expectations. In increases, the 19000 - 19100 levels can be followed as resistance. In decreases, if it falls below 18700, a pullback to 18600 may be seen. Support: 18700 - 18600 Resistance: 18900 - 19000
The DAXEUR index completed the previous day with a 0.44% increase, while the German inflation data to be announced in the middle of the week and the Eurozone inflation data to be announced on the last trading day of the week may have an impact on the market's expectations for the ECB interest rate cut, which is considered certain to be made in June. The course of the US and European stock markets can be followed for index movements during the day. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18700 - 18800 region. As long as the index moves above the relevant region, which is also supported by the 20-period exponential moving average, positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations may come to the fore with the index moving below the 18700 - 18800 region. In decreases, 18600 - 18500 can be followed as support. Support: 18700 – 18600 Resistance: 18900 – 19000
BTCUSD, Yesterday, very interesting pricing occurred. Having a comfortable day due to the holiday of the markets, BTC reached the 71000 band again with the support of ETH ETF Approval, then made a sharp decline with the new day and broke the 68000 band downwards. After this $ 3000 loss within hours, the whales switched to an aggressive purchase, but it does not seem to have met the sales in Coinbase. If BTC breaks the 69000 band again during the day, this time up to 72000, the most important support level is $ 66000 in open pullbacks, if the selling position continues from here, we can see a pullback to $ 64000. Support: 66000 - 64000 Resistance: 69000 - 72000
US natural gas futures were subject to profit taking again after the increase they made yesterday. In general, the cooling demand and export demand in the US continue to be monitored due to weather conditions. The course of European and US stock markets can be followed during the day. In addition to weather conditions, stock and production figures will be monitored throughout the week. As long as the prices remain above the 2.47 - 2.42 support supported by the 20 and 50-period exponential moving averages, the upward view may be at the forefront. In possible increases, 2.59 and 2.65 levels can be targeted. In possible decreases, the attitude of the 2.47 - 2.42 support can be monitored. The breakdown of this support and hourly closings in the region may bring the 2.39 and 2.35 levels to our agenda. Support: 2.47 - 2.42 Resistance: 2.59 - 2.65
The Classic Dollar Index is trying to decide whether to continue its upward trend due to its course between 105.00 - 103.90 and its approach to the 103.90 level with the recent declines. The possible permanent movements of the index outside the relevant region in this process are also very important in order to interpret the short-term roadmap of the EURUSD and GBPUSD parity. Above 105.00, it can be explained as positive trend continuity, below 1039.90, it can be explained as trend change. Today, the Conference Board (CB) Consumer Confidence and FOMC members' speeches can be explained as intraday developments. The 104.280 level can be followed in intraday downward movements. If this level is broken, the support levels of 104,060, 103,810 and 103,590 may become important. In case of possible increases, the resistance levels of 104,680, 104,910 and 105,070 will be monitored. Support: 104,280-104,060 Resistance: 104,680-104,910
The Classic Dollar Index follows a profile that prevents the pairs from taking clear steps in their short-term outlook with its fluctuations between 105.00 and 103.90. We can say that it is necessary to be more careful in strategies for EURUSD and GBPUSD pairs against the possibility of the index breaking out of this region with the high-level macroeconomic indicators that we will follow in the remaining days of the week. Theoretically, above 105.00 can be explained as the continuation of the positive trend for the index, while below 1039.90 can be explained as a trend change. In today's calendar, German CPI, US Richmond Manufacturing Index and FOMC Member Williams' speech can be explained as intraday developments. The 1.0851 level can be followed in intraday upward movements. If this level is exceeded, the 1.0858, 1.0869 and 1.0876 resistances may become important. In case of possible pullbacks, 1.0840, 1.0833 and 1.0822 will be monitored as support levels. Support: 1.0840 – 1.0833 Resistance: 1.0858 – 1.0869
The Classic Dollar Index follows a profile that prevents the pairs from taking clear steps in their short-term outlook with its fluctuations between 105.00 and 103.90. We can say that it is necessary to be more careful in strategies for EURUSD and GBPUSD pairs against the possibility of the index breaking out of this region with the high-level macroeconomic indicators that we will follow in the remaining days of the week. Theoretically, above 105.00 can be explained as the continuation of the positive trend for the index, while below 1039.90 can be explained as a trend change. In today's calendar, German CPI, US Richmond Manufacturing Index and FOMC Member Williams' speech can be explained as intraday developments. The 1.2757 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2769, 1.2785 and 1.2796 may become important. In possible pullbacks, 1.2741, 1.2730 and 1.2713 will be followed as support levels. Support: 1.2741 – 1.2730 Resistance: 1.2769 – 1.2785
Bank of Japan (BoJ) board member Seiji Adachi stuck to his slightly tightening rhetoric in his speech today. The USD/JPY parity maintains its gains above 157.00 following these slightly tightening comments. The risk aversion sentiment in the markets is pulling the parity down. It is observed that the parity is experiencing an increase due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upward. The daily gain for the parity, which closed at 157.26 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.87, while its momentum is at 100.66. The 157.26 level can be followed for intraday upward movements. If this level is passed, resistance levels of 157.40, 157.55 and 157.70 may become important. In case of possible pullbacks, support levels of 157.11, 156.96 and 156.81 will be monitored. Support: 157.110 - 156.960 Resistance: 157.400 - 157.550
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.20. When we evaluate the USDTRY exchange rate in the short term, the level of 31.92 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
In the middle of the week; the US 10-year bond yield approaching 4.57% allowed the ounce of gold to suppress its increases. For the precious metal, which started the day at 2362 and was traded around 2357 during the analysis preparation; the Richmond manufacturing index can be followed during the day due to its possible effects. It is observed that the commodity is declining due to the appreciation of the dollar. We can see upward accelerations as long as it remains above 2,358. The ounce of gold closed at 2,358 on the previous trading day. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 52.35, while its momentum is at 100.94. The 2,354 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,350, 2,346 and 2,342 may become important. In possible increases, 2,362, 2,365 and 2,369 will be monitored as resistance levels. Support: 2350 - 2346 Resistance: 2362 - 2365
In addition to the tension between Israel and Egypt, another ship attack in the Red Sea increased geopolitical risk sensitivity and pulled oil futures contracts up. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. As long as the prices remain at and above the 79.00 - 79.50 support during the day, an upward trend may be at the forefront. In possible increases, 80.50 and 81.00 levels can be targeted. An upward trend dominates the WTI side. WTI oil saw a high of 80.08 and a low of 78.35 on the previous trading day. In intraday downward movements, the 79.50 level can be followed. In case of falling below this level, the 78.91, 77.76 and 77.18 supports may become important. In possible increases, 80.65, 81.23 and 82.38 will be monitored as resistance levels. Support: 79.50 - 78.91 Resistance: 80.65 - 81.23
In addition to the tension between Israel and Egypt, another ship attack in the Red Sea increased geopolitical risk sensitivity and pulled oil futures contracts up. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 84.42 and a low of 82.77 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.74% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 52.46, while its momentum is at 102.18. The 83.83 level can be followed in intraday downward movements. If this level is dropped, the supports of 83.24, 82.18 and 81.59 may become important. In possible increases, 84.90, 85.49 and 86.55 will be monitored as resistance levels. Support: 83.83 – 83.24 Resistance: 84.90 – 85.49
The Nasdaq index, which tested the intraday high of 1732 the day before, managed to complete the day with a 0.52% increase. Throughout the week, the PCE data, which the Fed follows as an inflation indicator, and the US growth data are among the most effective economic calendar data to be followed for index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -18800 region for the index. The pricing of the index outside the region will be monitored. It may be necessary to see movement above the 18900 resistance for positive expectations. In increases, the 19000 - 19100 levels can be followed as resistance. In decreases, if it falls below 18700, a pullback to 18600 can be seen. Support: 18700 - 18600 Resistance: 18900 - 19000
The DAXEUR index closed the day we left behind with a 0.52% decrease, while the German inflation to be announced today and the Eurozone inflation data to be announced on the last trading day of the week may have an impact on the market's expectations for ECB interest rates, which are considered certain to be cut in June. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18600 - 18700 region. For positive expectations, the index can be expected to move above the relevant region supported by the 20-period exponential moving average. In increases, 18700 - 18800 levels can be targeted. In possible decreases, the index moving below the 18600 - 18500 region may lead to negative expectations. In decreases, 18400 - 18300 can be followed as support. . Support: 18500 - 18400 Resistance: 18700 - 18800
BTCUSD, after reaching the 71000 band with the support of the ETF Decision Approval for ETH, broke the 68000 band down with the profit sales and after the 67000 levels, it switched to an aggressive purchase by the Whales and managed to rise towards the 68600 level again. Now it is completely waiting for the inflation data to come from the US on Friday. If BTC breaks the 69000 band again during the day, this time it will be up to 72000, and in case of open pullbacks, the most important support level is $66000, and if the selling position continues from here, we can see a pullback to $64000. Support: 66000 - 64000 Resistance: 69000 - 72000
US natural gas futures have once again brought the upward trend to the forefront with the positive trend regarding the demand outlook. The course of European and US stock markets can be followed during the day. In addition to weather conditions, stock and production figures will be monitored throughout the week. As long as the prices remain above the 2.57 - 2.52 support supported by the 20 and 50-period exponential moving averages, the upward trend may be at the forefront. In possible increases, 2.69 and 2.75 levels can be targeted. In possible decreases, the attitude of the 2.57 - 2.52 support can be monitored. The breakdown of this support and hourly closings in the region may bring the 2.49 and 2.45 levels to our agenda. Support: 2.57 - 2.52 Resistance: 2.69 - 2.75
The Classic Dollar Index follows a profile that prevents the parities from taking clear steps in their short-term outlook with its fluctuations between 105.00 and 103.90. There is a possibility that the index will break out of this region with the high-level macroeconomic indicators that we will follow in the remaining days of the week. Theoretically, above 105.00 can be explained as the continuation of the positive trend towards the index, while below 103.90 can be explained as a trend change. In today's calendar, German CPI, US Richmond Manufacturing Index and FOMC Member Williams' speech can be explained as intraday developments. The 104.480 level can be followed in intraday downward movements. If this level is broken, the supports at 104,260, 103,990 and 103,790 may become important. In case of possible increases, the resistance levels at 104,880, 105,040 and 105,270 will be monitored. Support: 104,480-104,260 Resistance: 104,880-105,040
Today, before the US Growth, tomorrow the US PCE Inflation and Euro Zone CPI data, the Classic Dollar Index has created an important pricing behavior that tries to exceed the upper region in the fluctuation between 105.00 - 103.90. While the confirmation thought in the positive trend view of the daily closing above the reference indicators 34 and 100-day averages is important, the answer to the question of whether the movements above the 105 level will be confirmed with the important macroeconomic indicators that we will reach the results of today and tomorrow is important. However, the current pricing strengthens the optimistic expectation for the index. EURUSD and GBPUSD parities are also under pressure against this demand in the index, and they are also focused on today in terms of changing their appearances with the course under the indicators we base them on. The 1.0798 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0805, 1.0816 and 1.0822 may become important. In case of possible pullbacks, 1.0787, 1.0781 and 1.0770 will be monitored as support levels. Support: 1.0781 – 1.0770 Resistance: 1.0805 – 1.0816
Today, before the US Growth, tomorrow the US PCE Inflation and Euro Zone CPI data, the Classic Dollar Index created an important pricing behavior trying to exceed the upper region in the fluctuation between 105.00 - 103.90. While the confirmation thought in the positive trend view of the daily closing above the reference indicators 34 and 100-day averages is important, the answer to the question of whether the movements above the 105 level will be confirmed with the important macroeconomic indicators that we will reach the results of today and tomorrow is important. EURUSD and GBPUSD parities are also under pressure against this demand in the index, and they are also focusing on today in terms of changing their appearances with the course under the indicators we base them on. . The 1.2697 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2705, 1.2718 and 1.2726 may become important. In possible pullbacks, 1.2683, 1.2675 and 1.2662 will be followed as support levels. Support: 1.2675 – 1.2662 Resistance: 1.2705 – 1.2718
Bank of Japan (BoJ) board member Seiji Adachi stuck to his slightly tightening rhetoric in his speech yesterday. The USD/JPY pair is struggling to maintain its gains above 157.00 after these slightly tightening comments. The risk aversion sentiment in the markets is pulling the pair down. The daily loss for the pair, which closed at 157.21 on the previous trading day, was 0.26%. The RSI indicator for the pair, which is above its 20-day moving average, is at 60.96, while its momentum is at 100.51. The 157.35 level can be followed for intraday upward movements. If this level is passed, resistance levels of 157.54, 157.87 and 158.06 may become important. In case of possible pullbacks, support levels of 156.84, 156.50 and 156.32 will be monitored. Support: 156.840 - 156.500 Resistance: 157.350 - 157.540
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.24. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
The US 10-year bond yield has risen above 4.60% since the beginning of May, leaving room for downward pricing in gold. For the precious metal, which started the day at 2337 and was traded around 2324 while the analysis was being prepared; the growth rate and deflator, unemployment benefit applications and pending housing sales can be monitored during the day due to their possible effects. The daily loss for the ounce of gold, which closed at 2,335.79 on the previous trading day, was 0.1%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.22, while its momentum is at 99.06. The 2,321 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,319, 2,312 and 2,307 may become important. In possible increases, 2,331, 2,336 and 2,342 will be monitored as resistance levels. Support: 2319 - 2312 Resistance: 2331 - 2336
Oil futures rose with the theme of geopolitical risk, then were subject to profit taking and retreated to the average area. The American Petroleum Institute's announcement of a decrease of over 6 million barrels in stocks seems to have only been effective in balancing this picture. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. A downward trend parallel to Brent oil also prevails on the WTI side. WTI oil saw a high of 80.41 and a low of 78.83 on the previous trading day. The 79.44 level can be followed in intraday upward movements. If this level is exceeded, the 80.06, 81.03 and 81.65 resistances may become important. In possible pullbacks, 78.48, 77.86 and 76.89 will be monitored as support levels. Support: 78.48 - 77.86 Resistance: 79.44 - 80.06
Oil futures rose with the theme of geopolitical risk, then were pulled back to the average area by being exposed to profit taking. The American Petroleum Institute's announcement of a decrease of over 6 million barrels in stocks seems to have only been effective in balancing this picture. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 84.69 and a low of 83.13 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.11% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 47.88, while its momentum is at 100.18. The 83.73 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 84.33, 85.29 and 85.89 may become important. In case of possible pullbacks, 82.77, 82.17 and 81.21 will be monitored as support levels. Support: 82.77 – 82.17 Resistance: 83.73 – 84.33
The Nasdaq index, which fell from peak levels due to the increase in US 10-year bond yields the day before, ended the day with a 0.58% decrease. The second reading of the US growth data to be announced during the day is among the most effective economic calendar data to be followed for index movements. In the first reading, it was estimated that the economy grew by 1.6% compared to the previous quarter, below expectations. In the second reading to be announced, this rate is expected to fall to 1.2%. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18600 - 18700 region for the index. As long as the index is below the region, negative expectations are at the forefront. In declines, the 18500 - 18400 levels can be followed as support. In possible increases, positive expectations can come to the fore with the 18700 resistance being overcome. In this case, the 18800 - 18900 levels can be followed as resistance. Support: 18500 – 18400 Resistance: 18700 – 18800
The previous day, the leading data on German consumer inflation increased by 0.1% in May compared to the previous month, while it increased by 2.4% compared to the same month of the previous year. While the DAX40 index finished the previous day with a 1.10% decrease, all eyes turned to the Eurozone inflation data to be announced on the last trading day of the week. When we technically examine the short-term pricing of the DAXEUR index, we are following the 18400 - 18500 region. For positive expectations, the index can be expected to move above the relevant region supported by the 20-period exponential moving average. In increases, the 18600 - 18700 levels can be targeted. In possible decreases, the index moving below the 18400 - 18300 region can lead to negative expectations. In decreases, the 18200 - 18100 can be followed as support. . Support: 18300 – 18200 Resistance: 18500 – 18600
BTCUSD, after reaching the 71000 band with the support of the ETF Decision Approval for ETH, broke the 68000 band down with the profit sales and after the 67000 levels, it switched to an aggressive purchase by the Whales and managed to rise towards the 68600 level again. Now it is completely waiting for the inflation data to come from the US on Friday. If BTC breaks the 69000 band again during the day, this time it will be up to 72000, and in case of open pullbacks, the most important support level is $66000, and if the selling position continues from here, we can see a pullback to $64000. Support: 66000 - 64000 Resistance: 69000 - 72000
US natural gas futures continued to sell profits along with the recovery in production and reinforced their course below averages. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. In addition to weather conditions, stock and production figures will be followed during these last 2 days. As long as the prices remain above the 2.42 - 2.37 support supported by the 20 and 50 period exponential moving averages, the upward view may be at the forefront. In possible increases, 2.49 and 2.55 levels can be targeted. In possible decreases, the attitude of the 2.42 - 2.37 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.35 and 2.29 levels to our agenda. Support: 2.42 - 2.37 Resistance: 2.49 - 2.55
Today, before the US Growth, tomorrow the US PCE Inflation and Euro Zone CPI data, the Classic Dollar Index created an important pricing behavior trying to exceed the upper region in the fluctuation between 105.00 - 103.90. While the confirmation thought in the positive trend view of the daily closing above the reference indicators 34 and 100-day averages is important, the answer to the question of whether the movements above the 105 level will be confirmed with the important macroeconomic indicators that we will reach the results of today and tomorrow is important. The 104.980 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104.760, 104.530 and 103.790 may become important. In possible increases, 105.280, 105.440 and 105.770 will be followed as resistance levels. Support: 104.980-104.760 Resistance: 105.280-105.440
For the Japanese Yen (JPY), Katsunobu Kato, a former cabinet secretary of Japan, said today that conditions are beginning to emerge for the central bank to normalize monetary policy in Japan and underlined the increasing political support for further interest rate hikes. This shows us that volatility will continue for a while. It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 155.79 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.34, while its momentum is at 100.11. The 155.77 level can be followed for intraday downward movements. If this level is broken, supports at 155.59, 155.38 and 155.20 may become important. In case of possible increases, resistance levels at 155.98, 156.16 and 156.37 will be monitored. Support: 155.590 – 155.380 Resistance: 155.980 – 156.160
We will reach the result of the US Federal Reserve Fed's inflation indicator PCE data today. The PCE inflation data, which will be followed closely as the most important development of the week, may create instant reactions in the Dollar Index, US Bond Interest Rate and therefore parity, commodity and stock market indices. The Classic Dollar Index is following a process that tries to exceed the upper region in the fluctuation between 105.00 - 103.90 before the data. Although the daily closing above the 34-day average supports the positive trend view, it has not been observed to be permanent above 105 yet. In this respect, it can answer the question of whether it can confirm a positive trend above 105 with the PCE data today or question a positive trend by approaching the 103.90 level. EURUSD and GBPUSD parities may also want to clarify their short-term outlooks even more depending on the movement in the index. The 1.0821 level can be followed in intraday upward movements. If this level is passed, resistance levels of 1.0831, 1.0847 and 1.0857 may become important. In case of possible pullbacks, support levels of 1.0806, 1.0796 and 1.0780 will be monitored. Support: 1.0806 - 1.0796 Resistance: 1.0831 - 1.0847
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.14. When we evaluate the USDTRY exchange rate in the short term, the 32.02 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.25, 32.37 and 32.50 levels can be observed. Permanent movements above 32.50 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.02 – 31.81 Resistance: 32.25 – 32.37
We will reach the result of the US Federal Reserve's PCE inflation indicator data today. The most important development of the week will be the PCE Inflation, which will be followed closely. The Classic Dollar Index is following a process that is trying to exceed the upper region in the fluctuation between 105.00 - 103.90 before the data. Although the daily closing above the 34-day average supports the positive trend view, it has not been observed to be permanent above 105 yet. In this respect, today's PCE data can answer the question of whether it will confirm the positive trend above 105 or question the positive trend by approaching the 103.90 level. EURUSD and GBPUSD pairs may also want to clarify their short-term outlooks further depending on the movement in the index. The 1.0821 level can be followed in intraday upward movements. The 1.2724 level can be followed in intraday upward movements. If this level is exceeded, the 1.2732, 1.2748 and 1.2756 resistances may become important. In case of possible pullbacks, 1.2708, 1.2700 and 1.2684 will be monitored as support levels. May want to further clarify their short-term outlook Support: 1.2708 – 1.2700 Resistance: 1.2732 – 1.2748
On the first trading day of the week; the ounce of gold has retreated somewhat due to the effect of the US 10-year Treasury bond interest moving around 4.50% again. The precious metal, which opened the day at 2360, is priced around 2355 while the analysis is being prepared. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. We can see downward relaxations as long as it remains below 2.357. The daily loss for the ounce of gold, which closed at 2.354 on the previous trading day, was 0.24%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.16, while its momentum is at 100.95. The 2.357 level can be followed in intraday upward movements. If this level is exceeded, the 2.361, 2.367 and 2.371 resistances may become important. In case of possible pullbacks, 2,351, 2,348 and 2,341 will be monitored as support levels. Support: 2348 - 2341 Resistance: 2357 - 2361
Inflation in Tokyo’s Consumer Price Index (CPI) rose to 2.2% in May from 1.8% on an annual basis. Tokyo’s May CPI inflation rebounded from a 26-month low of 1.8% in April The USD/JPY pair is trading with gains early in the Pacific market session on Friday, testing the 156.80 level after falling to an intraday low of 156.37. The pair, which closed at 156.73 the previous trading day, lost 0.06% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.97, while its momentum is at 101.19. Intraday upward movements can be followed at 156.78. If this level is passed, resistance levels of 156.98, 157.23 and 157.43 may become important. In case of possible pullbacks, support levels of 156.53, 156.32 and 156.08 will be monitored. Support: 156.530 - 156.320 Resistance: 156.980 - 157.230
After the inflation and credit statistics announced yesterday in China indicated that demand had not yet revived despite the measures taken in the country, oil futures contracts started the week with a decline. The course of European and US stock markets can be followed during the day. We are following the course below the averages again. As long as the pricing remains below the 78.00 - 78.50 resistance supported by the 13 and 20-period exponential moving averages during the day, a downward outlook may be at the forefront. In possible declines, 77.00 and 76.50 levels can be targeted. In recoveries, as long as the 78.00 - 78.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see the course above 78.50 and 4-hour closings for the continuation of the upward demand. In this case, 79.00 and 79.50 levels may come to the agenda Support: 77.00 - 76.50 Resistance: 79.00 - 79.50
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
After the inflation and credit statistics announced yesterday in China indicated that demand had not yet revived despite the measures taken in the country, oil futures contracts started the week with a decline. The course of European and US stock exchanges can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 84.26 and a low of 82.50 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.68% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 35.69, while its momentum is at 94.75. The 83.09 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.68, 84.85 and 85.44 may become important. In case of possible pullbacks, 81.92, 81.33 and 80.16 will be monitored as support levels. Support: 81.92 – 81.33 Resistance: 83.68 – 84.85
On the last trading day of the week; with the US 10-year bond yield falling below 4.55%, the ounce of gold drew an outlook that limited its declines. For the precious metal, which started the day at 2343 and was traded around 2341 while the analysis was being prepared; the core PCE price index change and the Chicago PMI can be followed during the day due to the possible effects. The daily loss for the ounce of gold, which closed at 2,342.68 on the previous trading day, was 0.02%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.51, while its momentum is at 98.19. The 2,340 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,337, 2,331 and 2,326 may become important. In possible increases, 2,347, 2,353 and 2,358 will be monitored as resistance levels. Support: 2337 - 2331 Resistance: 2347 - 2353
The past week was calm in terms of the economic calendar, while markets were somewhat relieved by the US unemployment benefit application data coming in above expectations. Semiconductor company TSMC's April revenue increased by 60% annually thanks to strong artificial intelligence demand, while Nvidia supported the index with a 1.2% increase. US inflation, which will be announced in the middle of the week, is the most critical data to follow for the course of US stock markets this week. When we examine the short-term pricing of the Nasdaq index futures contract technically, we are following the 18100 -18200 region for the index. As long as the index is above the region, positive expectations are at the forefront. In increases, the 18300 - 18400 levels can be followed as resistance. In possible decreases, negative expectations can come to the fore with the downward break of the 18100 level. In this case, the 18000 - 17900 levels can be followed as support. Support: 18100 – 18000 Resistance: 18300 – 18400
Oil prices, which rose in the first half of the week under the leadership of geopolitical risk perception, were subject to sales in the second half, which led to weekly losses. High supply - weak demand concerns were effective in this. The course of European and US stock markets and US PCE inflation data can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw its highest level of 79.19 and its lowest level of 77.49 on the previous trading day. The 78.13 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 78.76, 79.83 and 80.47 may become important. In possible pullbacks, 77.06, 76.43 and 75.36 will be monitored as support levels. Support: 77.06 - 76.43 Resistance: 78.13 - 78.76
Last week, European indices followed a positive course with the Eurozone services PMI data exceeding expectations. Siemens Energy supported the DAXEUR index with a 4% increase at the end of the week, while US inflation, which will be announced in the middle of the week, stands out as the most important calendar data to follow for the course of European stock markets. When we examine the short-term pricing of the DAXEUR index technically, we follow the 18700 - 18800 region. As long as the index receives support from the 20-period exponential moving average (18700), positive expectations are at the forefront. In increases, 18900 - 19000 levels can be targeted. In possible decreases, negative expectations can come to the fore with the index falling below the 18700 - 18800 region. In continuation of decreases, 18600 - 18500 levels can be followed as support. Support: 18700 – 18600 Resistance: 18900 – 19000
Oil prices, which rose in the first half of the week under the leadership of geopolitical risk perception, were subject to sales that headed towards weekly losses in the second half. High supply - weak demand concerns were effective in this. The course of European and US stock markets and US PCE inflation data can be followed during the day. In general, a downward trend is seen. Brent oil saw a highest level of 83.53 and a lowest level of 81.81 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 1.78% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 41.67, while its momentum is at 99.27. The 82.41 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 83.01, 84.13 and 84.73 may become important. In possible pullbacks, 81.28, 80.69 and 79.56 will be monitored as support levels. Support: 81.28 – 80.69 Resistance: 82.41 – 83.01
BTCUSD closed the week in the 61,800 band after the correction movement it made last week. BTC, which started the new week with sales, fell below the 61,000 band. The CPI data for April from the US in the middle of the week is expected to affect every financial asset from A to Z. BTC is expected to be affected by this. Although there is no important news in BTC today, we expect it to move horizontally. We think it will continue this horizontal movement until Wednesday. If it breaks the 63,000 band during the day, it will move up to 65,000, and in open pullbacks, the most important support level is $60,000, and if the sell position continues from here, we can see a pullback to $57,000. Support: 60,000 - 57,000 Resistance: 63,000 - 65,000
For the technology index, which finished the previous day with a decrease of over 1%, today we will follow the personal consumption expenditure data, which the Fed follows as an inflation indicator. Market expectations are that the data will increase by 0.3% on a monthly basis in April and the annual increase will be 2.7%. In other words, the PCE data continues to move above the target. When we technically examine the short-term pricing of the Nasdaq index futures contract, we follow the 18500 -18600 region for the index. As long as the index moves below the region, negative expectations are at the forefront. In declines, 18400 - 18300 levels can be followed as support. In possible increases, positive expectations can come to the fore with the 18600 resistance being exceeded. In this case, 18700 - 18800 levels can be followed as resistance. Support: 18400 - 18300 Resistance: 18600 - 18700
Although US natural gas futures were exposed to profit taking on Friday and indicated that this would continue at the opening of the week, the effort to compensate for the loss after the opening created a mixed picture. The decline in production was followed as a particularly effective headline in the increases. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 2.08 - 2.01 support supported by the 20-period exponential moving average, the upward view may be at the forefront. In possible increases, the 2.18 and 2.23 levels can be targeted. As long as possible decreases are limited by the 2.08 - 2.01 support, new upside potential may occur. Therefore, it may be necessary to see the course below 2.01 and 4-hour closings for the continuation of the downward desire. In this case, the 1.98 and 1.92 levels may come to the agenda. Support: 2.08 - 2.01 Resistance: 2.18 - 2.23
We will be following the regional inflation to be announced today for European stock markets, which completed the previous day in positive territory. Market expectations are that inflation may increase from 2.4% to 2.5%, while core inflation may maintain its level of 2.7% in the same period. When we examine the short-term pricing of the DAXEUR index technically, we are following the 18500 - 18600 region. For positive expectations, the index may be expected to move above the relevant region supported by the 20-period exponential moving average. In increases, 18600 - 18700 levels can be targeted. In possible decreases, negative expectations may come to the fore with the index moving below the 18400 - 18300 region. In decreases, 18200 - 18100 can be followed as support. Support: 18400 - 18300 Resistance: 18600 - 18700
The CPI data, which remained above expectations and continued its solid outlook, and the delay in the Fed interest rate cut had a significant impact on global market pricing behavior. The CPI data for April to come from the US in the middle of the week is expected to affect every financial asset from A to Z. The classic Dollar index accepts the 34-day average as the bottom before the critical CPI data and continues its course above the 34 and 100-day averages (104.25 - 104.98 region). This attitude keeps the expectation of reaching the 107 level tested on October 3, 2023 on the table. When we look at today, the FOMC member statements that we will follow throughout the week can be examined. The 105,160 level can be followed in intraday downward movements. In case of falling below this level, the 105,010 support may become important. In possible increases, 105,580 and 105,850 will be monitored as resistance levels. Support: 105,160-105,010 Resistance: 105,580-105,850
BTCUSD, after reaching the 71000 band with the support of the ETF Decision Approval for ETH, broke the 68000 band down with the profit sales and after the 67000 levels, it switched to an aggressive purchase by the Whales and managed to rise towards the 68600 level again. Now it has started to wait for the inflation data to come from the US today. If BTC breaks the 69000 band again during the day, this time it will be up to 72000, and in the case of open pullbacks, the most important support level is $66000. If the selling position continues from here, we can see a pullback to $64000. Support: 66000 - 64000 Resistance: 69000 - 72000
US natural gas futures continued to sell profits along with the recovery in production and reinforced their course below averages. The course of European and US stock markets can be followed during the day. We will be following weather conditions throughout the last day of this week. As long as the prices remain above the 2.32 - 2.27 support supported by the 20 and 50-period exponential moving averages, the upward view may be at the forefront. In possible increases, 2.39 and 2.45 levels can be targeted. In possible decreases, the attitude of the 2.32 - 2.27 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.25 and 2.19 levels to our agenda. Support: 2.32 - 2.27 Resistance: 2.39 - 2.45
We will reach the result of the US Federal Reserve's PCE inflation indicator data today. The PCE inflation data, which will be followed closely as the most important development of the week, may create instant reactions in the Dollar index. The Classic Dollar Index is following a process that tries to exceed the upper region in the fluctuation between 105.00 - 103.90 before the data. Although the daily closing above the 34-day average supports the positive trend view, it has not been observed to be permanent above 105 yet. In this respect, today's PCE data can answer the question of whether it will confirm a positive trend above 105 or question a positive trend by approaching the 103.90 level. The 104.780 level can be followed in intraday downward movements. If this level is broken, the support levels of 104,560, 104,330 and 103,990 may become important. In case of possible increases, the resistance levels of 105,080, 105,240 and 105,570 will be monitored. Support: 104,780-104,560 Resistance: 105,080-105,240
Oil is holding steady as investors await the OPEC report and inflation data. Oil extended gains as investors look for signs of whether supply cuts will be extended and U.S. inflation data that will shape expectations for monetary policy, ahead of OPEC’s market outlook. Brent traded above $83 a barrel after rising 0.7% on Monday, while U.S. crude approached $79. The cartel’s monthly deep dive comes about two weeks before members meet to decide policy, with refining cuts and timeframes narrowing, suggesting a slightly softer market. Meanwhile, U.S. producer price data is due late Tuesday and consumer data the next day will provide clues about whether the Fed has room to cut interest rates later in the year or whether cut expectations will be pushed back to 2025. Crude has been on a downtrend since April as the geopolitical risk premium triggered by tensions in the Middle East has largely evaporated. Still, prices have been holding high since the beginning of the year as OPEC and its allies have restricted flows, and the group is widely expected to extend restrictions into the second half. “We think OPEC+ will probably keep their current production plans unchanged and thus solidify the voluntary supply cuts,” said Vivek Dhar, an analyst at Commonwealth Bank of Australia. Against that backdrop, and with advanced economies expected to cut interest rates, Brent is expected to average $80 a barrel in the third quarter and $85 in the final three months, Dhar said.
On the first trading day of the week, we watched the Classic Dollar Index struggle to stay above its 34-day average. Recently, both the index and the parities (EURUSD and GBPUSD) have been in a certain fluctuation trend. Although there is no significant change in their medium-long term outlooks, short-term movements can create differences in instant reactions. In this respect, there is a data-driven course in short-term outlooks. At this stage, the US CPI data, which we will reach in the middle of the week, may cause sharp changes in the index and parities. We will follow the data result and the timing of the Fed rate cut condition in terms of whether this change will support the trend view. When we return to today, the employment market data from the UK and inflation (PPI) data from the US and the Fed Chair Powell speech attract attention. The 1.0789 level can be followed in intraday upward movements. If this level is exceeded, the 1.0794, 1.0801 and 1.0806 resistances may become important. In case of possible pullbacks, 1.0782, 1.0777 and 1.0770 will be monitored as support levels. Support: 1.0777 – 1.0770 Resistance: 1.0794 – 1.0801
On the first trading day of the week, we watched the Classic Dollar Index struggle to stay above its 34-day average. Recently, both the index and the parities (EURUSD and GBPUSD) have been in a certain fluctuation trend. Although there has been no significant change in their medium-long term outlooks, short-term movements can create differences in instant reactions. At this stage, the US CPI data, which we will reach in the middle of the week, may cause sharp changes in the index and parities. We will follow the data result and the Fed interest rate cut timing condition in terms of whether this change will support the trend view. When we return to today, the employment market data from the UK and inflation (PPI) data from the US and the Fed Chairman Powell speech attract attention. The 1.2557 level can be followed in intraday upward movements. If this level is exceeded, the 1.2562, 1.2568 and 1.2573 resistances may become important. In case of possible pullbacks, 1.2546, 1.2540 and 1.2532 will be monitored as support levels. Support: 1.2540 – 1.2532 Resistance: 1.2562 – 1.2568
For the Japanese Yen (JPY), the International Monetary Fund (IMF) stated on Tuesday that Japan's commitment to allow the Japanese Yen (JPY) to move flexibly will allow the Bank of Japan (BoJ) to focus on ensuring price stability. The pair is observed to be on the rise due to the dollar's appreciation. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 156.40 on the previous trading day, was 0.12%. The RSI indicator for the pair, which is above its 20-day moving average, is at 60.93, while its momentum is at 99.05. The 156.34 level can be followed in intraday downward movements. If this level is broken, the supports at 156.19, 155.97 and 155.82 may become important. In possible increases, the resistance levels of 156.56, 156.71 and 156.93 will be monitored. Support: 156.190 – 155.970 Resistance: 156.560 – 156.710
In the first week of June, we will meet critical data such as the monetary policy decisions of central banks such as the ECB and BoC, the Purchasing Managers Index (PMI) for the Services and Manufacturing sectors from China, the Eurozone, the UK and the US, ADP Private Sector and JOLTS employment developments, and finally Nonfarm Payrolls and Average Hourly Earnings. For this reason, we will have a quick start to a critical month for financial assets. When we focus on today, we will focus on the Purchasing Managers Index, or Manufacturing PMI, for the Manufacturing sector. The ISM Manufacturing PMI data that we will reach in the second half of the day from the US may have an impact on the Dollar Index and parities in the instant outlook. The 1.0849 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0847, 1.0839 and 1.0832 may become important. In possible increases, 1.0861, 1.0868 and 1.0875 will be monitored as resistance levels. Support: 1.0847 - 1.0839 Resistance: 1.0861 - 1.0868
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.23. When we evaluate the USDTRY exchange rate in the short term, the level of 32.02 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 32.35, 32.47 and 32.60 can be observed. Permanent movements above 32.60 may strengthen the upward thinking. Otherwise, pressure can be observed. In such a pressure, it should not be forgotten that as long as there is no new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
In the first week of June, we will meet critical data such as the monetary policy decisions of central banks such as the ECB and BoC, the Purchasing Managers Index (PMI) for the Services and Manufacturing sectors from China, the Eurozone, the UK and the US, ADP Private Sector and JOLTS employment developments, and finally Nonfarm Payrolls and Average Hourly Earnings. For this reason, we will have a quick start to a critical month for financial assets. When we focus on today, we will focus on the Purchasing Managers Index, or Manufacturing PMI, for the Manufacturing sector. The ISM Manufacturing PMI data, which we will reach in the second half of the day, may have an impact on the Dollar Index and parities in the instant outlook. The 1.2746 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2756 and 1.2776 may become important. In possible pullbacks, 1.2726 and 1.2716 will be monitored as support levels. Support: 1.2726 – 1.2716 Resistance: 1.2756 – 1.2776
The relatively horizontal movement of the US 10-year Treasury bond yield around 4.48% allowed the ounce of gold to recover somewhat. For the precious metal, which started the day at 2336 and traded around 2343 while the analysis was being prepared; PPI data and Fed Chair Powell's speech can be followed during the day. As long as it remains above 2,341.24, we can see upward momentum. For the ounce of gold, which closed at 2,344.00 on the previous trading day, the daily gain was 0.33%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 56.38, while its momentum is at 100.26. The 2,341.24 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,337.69, 2,331.38 and 2,327.84 may become important. In possible increases, 2,347.55, 2,351.09 and 2,357.40 will be monitored as resistance levels. Support: 2337 - 2331 Resistance: 2347 - 2351
Japanese Economy Minister Yoshitaka Shindo said today that the government will "continue its efforts to ensure that the primary balance reaches the surplus region in fiscal 2025." Shindo added, "Real economic growth of 1.3% in fiscal 2025 is not that unrealistic." The daily gain for the pair, which closed at 157.41 on the previous trading day, was 0.09%. The RSI indicator for the pair, which is above its 20-day moving average, is at 61.18, while its momentum is at 101.30. The 157.30 level can be followed for intraday downward movements. If this level is broken, supports at 157.12, 156.82 and 156.64 may become important. In case of possible increases, resistance levels at 157.59, 157.77 and 158.07 will be monitored. Support: 157.120 – 156.820 Resistance: 157.590 – 157.770
Oil prices followed a calm course in the Asian session ahead of the OPEC report to be released today. The course of the European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed along with the report during the day. As long as the pricing remains below the 79.00 - 79.50 resistance supported by the 50-period exponential moving averages during the day, a downward outlook may be at the forefront. In possible declines, 78.00 and 77.50 levels may be targeted. In recoveries, as long as the 79.00 - 79.50 resistance remains current, new downward potential may occur. Therefore, it may be necessary to see a course above 79.50 and 4-hour closings for the continuation of the upward demand. In this case, the 80.00 and 80.50 levels may come to the agenda. Support: 78.00 - 77.50 Resistance: 79.50 - 80.00
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.19. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.35, 32.47 and 32.60 levels can be observed. Permanent movements above 32.60 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.35 – 32.47
We have left behind a day in which we followed the final results of the manufacturing PMI data. We observed a recovery from the bottom indicating that the contraction rate has decreased in Germany and the Euro Zone, and the continuity in the contraction zone and the increase in the contraction rate in the US. In addition, the fact that Germany's annual CPI data remained below expectations at 2.2% can be explained as a development supporting the ECB interest rate cut tempo. The fact that the Dollar Index remained above the reference indicators with the daily news flow allowed the pressure on the EURUSD and GBPUSD pairs to continue. The daily loss for the pair, which closed at 1.0729 on the previous trading day, was 0.10%. The RSI indicator for the pair, which is below its 20-day moving average, is at 46.59, while its momentum is at 100.23. The 1.0738 level can be followed in intraday upward movements. If this level is exceeded, the 1.0747 and 1.0752 resistances may become important. In case of possible pullbacks, 1.0720 and 1.0711 will be monitored as support levels. Support: 1.0720 – 1.0711 Resistance: 1.0738 – 1.0747
We have left behind a day in which we followed the final results of the manufacturing PMI data. We observed a recovery from the bottom indicating that the contraction rate has decreased in Germany and the Euro Zone, and the continuity in the contraction zone and the increase in the contraction rate in the US. In addition, the fact that Germany's annual CPI data remained below expectations at 2.2% can be explained as a development supporting the ECB interest rate cut tempo. The fact that the Dollar Index remained above the reference indicators with the daily news flow allowed the pressure on the EURUSD and GBPUSD pairs to continue. The daily loss for the pair, which closed at 1.2633 on the previous trading day, was 0.13%. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 43.57, while its momentum is at 99.58. The 1.2649 level can be followed in intraday upward movements. If this level is exceeded, the 1.2664 and 1.2673 resistances may become important. In case of possible pullbacks, 1.2616 and 1.2601 will be monitored as support levels. Support: 1.2616 – 1.2601 Resistance: 1.2649 – 1.2664
The USD/JPY pair, with the increase it made this morning, exceeded the level of 161.700 and rose to its highest level in the last 10 years. We are following whether the Central Bank will intervene. In the meantime, the Bank of Japan still remains uncertain about when, how and whether it will cut its debt purchase program. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 161.72 on the previous trading day, was 0.17%. The RSI indicator for the pair, which is above its 20-day moving average, is at 77.11, while its momentum is at 102.74. The 161.50 level can be followed in intraday downward movements. If this level is dropped, the supports at 161.28 and 161.16 may become important. In possible increases, 161.97 and 162.19 will be followed as resistance levels. Support: 161,500 – 160,280 Resistance: 161,970 – 162,190
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.61. When we evaluate the USDTRY exchange rate in the short term, the 32.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.10 and 33.38, especially 32.98. Permanent movements above 33.38 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 32.98 – 33.10
Despite the ISM manufacturing PMI data showing a decline for the third consecutive month, the rise in 10-year bond yields allowed it to suppress the upward movements of the ounce of gold in the short term. For precious metal pricing, JOLTS job opportunities and Fed Chair Powell's speech can be followed during the day. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. We can see downward relaxations as long as it remains below the level of 2,329.05. The daily loss for the ounce of gold, which closed at 2,327.74 on the previous trading day, was 0.18%. The upward movement observed in US bond yields is suppressing the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.49, while its momentum is at 99.78. The 2,333 level can be followed for intraday upward movements. If this level is exceeded, the 2,338 and 2,342 resistances may become important. In case of possible pullbacks, 2,323 and 2,319 will be monitored as support levels. Support: 2323 - 2319 Resistance: 2333 - 2338
Oil futures maintained their upward trend due to rising tensions in the Middle East, concerns that hurricane season could affect production, and expectations that demand would increase during the July 4 holiday week. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. As long as prices remain at and above the 82.00-82.50 support, an upward outlook may be at the forefront. In possible increases, 84.00 and 84.50 levels may be targeted. As long as possible declines are limited to the 82.00-82.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.00 and hourly closings for the continuation of the downward desire. In this case, 81.50 and 81.00 levels may come to the agenda. Support: 82.50-82.00 Resistance: 84.00-84.50
Oil futures maintained their upward trend due to rising tensions in the Middle East, concerns that hurricane season could affect production, and expectations that demand would increase during the July 4 holiday week. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 86.71 and a low of 84.92 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.93% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 63.18, while its momentum is at 105.63. The 86.04 level can be followed in intraday downward movements. If this level is broken, supports at 85.38, 84.26, and 83.60 may become important. In possible increases, resistance levels at 87.16, 87.82, and 88.94 will be monitored. Support: 86.04 – 85.38 Resistance: 87.16 – 87.82
Despite the ISM manufacturing PMI data showing a decline for the third consecutive month, the rise in 10-year bond yields and NASDAQ100 recorded limited pullbacks. For index pricing; JOLTS job opportunities and Fed Chairman Powell's speech can be followed during the day. The NDXUSD index fluctuates within the region supported by the indicators we follow. When we evaluate technically, as long as the 21 (19590) period exponential moving average currently supports the 19640 - 19535 region, the positive trend may continue. If the upward trend continues, a movement area may form towards the 19830 and 19960 levels. In the alternative view, permanent pricing may be needed below the 19640 - 19535 region for the downward trend to become dominant. In this case, movements towards the 19450 and 19310 levels can be monitored. Support: 19640 – 19535 Resistance: 19830 – 19960
When we focus on this week, after starting with PMI on the Growth front, now Non-Farm Employment on the Employment front, Fed and ECB Meeting Minutes on the Central Bank front and Fed and ECB Presidents' speeches can be explained as our main focus. When we focus on today, ECB President Lagarde's speech from the Euro Zone, CPI and Manufacturing PMI from Germany, ISM Manufacturing PMI from the US can be followed due to possible price impact. When we evaluate technically, as long as the 21 (18174) period exponential moving average currently supports 18210 level, the positive trend can continue. If the upward demand continues, a movement area can be formed towards 18390 and 18460 levels. Support Levels are the range of 18210 - 18170. Support: 18210 - 18120 Resistance: 18390 - 18460
Bitcoin (BTC) recovered yesterday after experiencing a third consecutive week of decline and continues to rise today, currently hovering around $63,000. Last week's decline was due to the start of refunds to customers affected by the 2014 Mt. Gox cryptocurrency platform hack. Ten years after the company's collapse, 140,000 Bitcoins were seized from a hack that leaked 940,000 BTC. At the time of the bankruptcy, the value of one Bitcoin was $451, down from $61,300 today; the declines that caused fear of selling seem to have ended. On the technical side, after breaking the daily $64,300 band, the most important support level is $62,120, and if the sell position continues from here, we may see a pullback to $61,330. Support: 62,120 - 61,330 Resistance: 64,300 - 65,710
US natural gas futures continue to be under pressure from expectations of increased production and lower demand. Although the temperature did not significantly reduce the effect on demand, the weak flow to liquid natural gas facilities that provided increased production and exports in June seems to have affected this picture. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.32 - 2.26 support, an upward outlook may be at the forefront. In possible increases, 2.42 and 2.48 levels can be targeted. In possible decreases, the attitude of the 2.32 - 2.26 support can be monitored. A break of this support and hourly closings in the region may bring the 2.22 and 2.14 levels to our agenda. Support: 2.32 - 2.26 Resistance: 2.42 - 2.48
The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues to have a positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The 105.710 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.530 and 105.290 may become important. In possible increases, 106,030 and 106,250 will be monitored as resistance levels. Support: 105,710-105,530 Resistance: 106,030-106,250
US electric vehicle manufacturer Tesla's car deliveries fell by 4.8 percent annually in the second quarter of the year, but exceeded expectations. Tesla has released its vehicle production and delivery data for the second quarter of 2024. Accordingly, the company produced 410,831 vehicles in the second quarter of the year. The company produced 479,700 vehicles in the first quarter of 2023. The number of vehicles delivered by Tesla in the second quarter of this year decreased by 4.8 percent annually, to 443,956. Market expectations were for the company to deliver 439,000 vehicles during this period. Tesla delivered 466,140 vehicles in the same period last year. Tesla's car deliveries fell by 8.5 percent in the first quarter of the year, the first annual decrease since 2020. The company's shares gained nearly 10 percent after the production and delivery data was shared.
The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues its positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The daily loss for the parity, which closed at 1.0745 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 48.57, while its momentum is at 100.10. The 1.0754 level can be followed in intraday upward movements. If this level is exceeded, the 1.0763 and 1.0770 resistances may become important. In case of possible pullbacks, 1.0721 and 1.0708 will be monitored as support levels. Support: 1.0721 – 1.0708 Resistance: 1.0754 – 1.0763
The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues its positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The daily gain for the parity, which closed at 1.2688 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 50.75, while its momentum is at 99.87. The 1.2665 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2655 and 1.2642 may become important. In possible increases, 1.2698, 1.2708 and 1.2720 will be monitored as resistance levels. Support: 1.2665 – 1.2655 Resistance: 1.2698 – 1.2720
The USD/JPY pair, with the increase it made this morning, exceeded the level of 161.900 and rose to its highest level in the last 10 years. We are following whether the Central Bank will intervene. In the meantime, the Bank of Japan still remains uncertain about when, how and whether it will cut its borrowing program. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 161.72 on the previous trading day, was 0.17%. The RSI indicator for the pair, which is above its 20-day moving average, is at 77.06, while its momentum is at 102.52. The level of 161.62 can be followed in intraday downward movements. If this level is dropped, the supports at 161.49 and 161.26 may become important. In possible increases, 161.97 and 162.20 will be followed as resistance levels. Support: 161.620 – 161.490 Resistance: 161.970 – 162.200
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.53. When we evaluate the USDTRY exchange rate in the short term, the 32.53 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.88, 33.00 and 33.28 levels can be observed. Permanent movements above 33.28 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.88 – 33.00
Following the positive reflections of Fed Chair Powell's statements on inflation on the market, gold ounces have recovered somewhat in the short term. For precious metal pricing, ADP nonfarm payrolls change, unemployment benefit applications, ISM services PMI and FOMC meeting minutes can be followed during the day. We can see upward momentum as long as it remains above 2,331.62. The daily gain for gold ounce, which closed at 2,333.79 on the previous trading day, was 0.14%. The RSI indicator for gold ounce, which is above its 20-day moving average, is at 50.75, while its momentum is at 100.63. The 2,329 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,324 and 2,318 may become important. In possible increases, 2,338 and 2,343 will be monitored as resistance levels. Support: 2329 - 2324 Resistance: 2338 - 2343
The oil futures contract showed a tendency to retreat from the highest levels it has seen in more than two months yesterday. After the American Petroleum Institute announced a decrease of over 9 million barrels in stocks, this decline was balanced and the trend was maintained. The course of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is also dominant. WTI oil saw a high of 84.77 and a low of 83.26 on the previous trading day. The 83.89 level can be followed in intraday upward movements. If this level is exceeded, the 84.53 and 85.40 resistances may become important. In possible pullbacks, 82.39, 81.51 and 80.96 will be monitored as support levels. Support: 82.39 - 81.51 Resistance: 83.89 - 84.53
The oil futures contract showed a tendency to retreat from the highest levels it has seen in more than two months yesterday. After the American Petroleum Institute announced a decrease of over 9 million barrels in stocks, this decrease was balanced and the trend was maintained. The course of the European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 87.24 and a low of 86.00 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.13% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 62.52, while its momentum is at 105.04. The 87.54 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 88.08, 88.78 and 89.32 may become important. In case of possible pullbacks, 85.84, 85.30 and 84.60 will be monitored as support levels. Support: 85.84 – 85.30 Resistance: 87.54 – 88.08
Following the positive reflections of Fed Chairman Powell's statements on inflation on the market, NASDAQ100 recorded an outlook where the desire to rise is at the forefront. For index pricing; ADP non-farm employment change, unemployment benefit applications, ISM services PMI and FOMC meeting minutes can be followed during the day. When we evaluate technically, as long as the 21 (19590) period exponential moving average currently supports the 19940 - 19835 region, the positive trend may continue. If the desire to rise continues, a movement area may occur towards the 20130 and 20260 levels. In the alternative view, permanent pricing may be needed below the 1940 - 19835 region for the downward trend to become dominant. In this case, movements towards the 19750 and 19610 levels can be monitored. Support: 19940 – 19835 Resistance: 19830 – 19960
We are in the middle of the week. While the second round of French elections (July 7) is awaited in the European arena where political uncertainty occupies our agenda, the countdown has also begun for the UK elections (July 4). When we examine the index performances, the main indexes Dax40 and FTSE100 are on a negative course in terms of weekly performance, while the Euro Stoxx continues to remain in the positive zone. While the indexes on the Italian, French and Dutch sides remain optimistic, we observe that Spain has diverged here and created a major negative course. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18110 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18320 and 18410 levels. Support Levels are the 18110 – 18020 range. Support: 18110 – 18020 Resistance: 18320 – 18410
Bitcoin (BTC) had recovered this week after experiencing a third consecutive week of decline, but is currently trading around $60,800 with increased sales since yesterday. Bitcoin is still affected by the start of refunds to customers affected by the 2014 Mt. Gox cryptocurrency platform hack. Ten years after the company's collapse, 140,000 Bitcoins were seized from a hack that leaked 940,000 BTC. At the time of the bankruptcy, the value of one Bitcoin was $451, down from $61,300 today, and the declines that caused fear of selling seem to have ended. On the technical side, after breaking the daily $62,300 band, the most important support level is $60,020, and if the selling position continues from here, we may see a pullback to $59,330. Support: 60020 – 59330 Resistance: 62300 – 63710
US natural gas futures have been following a horizontal trend since yesterday, despite being under pressure due to the increasing production outlook. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 2.28 - 2.22 support, an upward trend may be at the forefront. In possible increases, 2.38 and 2.43 levels can be targeted. In possible decreases, the attitude of the 2.28 - 2.22 support can be followed. A break of this support and hourly closings in the region may bring the 2.16 and 2.11 levels to our agenda. Support: 2.28 - 2.22 Resistance: 2.38 - 2.43
The indicators we explained as references for the Classic Dollar Index, the 34 and 100-day exponential moving averages (104.56 - 104.99 region), maintain their importance, while the index continues to have a positive outlook on the relevant indicators. This attitude keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda, while persistence above the 105.75 level may strengthen this idea. Otherwise, pressure may occur again towards the indicators. It should not be forgotten that permanent movements below the averages are needed for our current scenario to be considered invalid. The 105.610 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.430 and 105.290 may become important. In possible increases, 106,030 and 106,250 will be monitored as resistance levels. Support: 105,610-105,430 Resistance: 106,030-106,250
We will complete the week. The main focus of global markets will be on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income data. These data are of critical importance in order to predict possible actions of the US Federal Reserve (Fed) regarding monetary policy. In addition, the instant effects of this news flow on asset prices are also on the main agenda of those who trade in financial markets, so their importance increases. For this reason, we should closely examine the results of critical US data. The daily gain for the parity, which closed at 1.0822 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.44, while its momentum is at 100.73. The 1.0813 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0803 and 1.0797 may become important. In possible increases, the resistance levels of 1.0835 and 1.0845 will be followed. Support: 1.0813 – 1.0803 Resistance: 1.0835 – 1.0845
We will complete the week. The main focus of global markets will be on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income data. These data are of critical importance in order to be able to predict possible actions of the US Federal Reserve (Fed) regarding monetary policy. In addition, the instant effects of this news flow on asset prices are also increasing in importance as they occupy the main agenda of those who trade in financial markets. For this reason, we should closely examine the results of critical US data. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.2772 on the previous trading day, was 0.10%. The RSI indicator for the parity, which is below its 20-day moving average, is at 60.17, while its momentum is at 100.42. The 1.2759 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.2746 and 1.2739 may become important. In possible increases, 1.2779, 1.2786 and 1.2799 will be monitored as resistance levels. Support: 1.2759 - 1.2746 Resistance: 1.2779 - 1.2786
USD/JPY pair, Japanese Finance Minister Shunichi Suzuki said that the weak yen increased import costs and affected the country's economy and prices. Suzuki reiterated that he would "carefully and closely monitor the stock and foreign exchange markets." The downward movement observed in the dollar index is pressuring the pair downward. The daily loss for the pair, which closed at 160.64 on the previous trading day, was 0.39%. The RSI indicator for the pair, which is above its 20-day moving average, is at 64.22, while its momentum is at 101.61. The 160.86 level can be followed in intraday upward movements. If this level is exceeded, the 161.18, 161.72 and 162.05 resistances may become important. In possible pullbacks, 160.32, 159.99 and 159.46 will be monitored as support levels. Support: 160.320 – 159.990 Resistance: 160.860 – 161.180
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.61. When we evaluate the USDTRY exchange rate in the short term, the 32.53 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.88, 33.00 and 33.28 levels can be observed. Permanent movements above 33.28 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.88 – 33.00
With the predictions of increased production in the US bringing high supply concerns to the forefront again, we followed an effective decline in natural gas futures yesterday. Some of these losses were recovered in the Asian session. The course of European and US stock markets can be followed during the day. In addition to weather forecasts, production and stock figures will also be followed during the week. As long as the prices remain at and above the 2.45 - 2.39 support supported by the 20 and 50-period exponential moving averages, the upward outlook may be at the forefront. In possible increases, the 2.54 and 2.59 levels can be targeted. In possible decreases, the attitude of the 2.45 - 2.39 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.35 and 2.29 levels to our agenda. Support: 2.45 - 2.39 Resistance: 2.54 - 2.59
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.61. When we evaluate the USDTRY exchange rate in the short term, the 32.53 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.88, 33.00 and 33.28 levels can be observed. Permanent movements above 33.28 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.88 – 33.00
The Classic Dollar Index, which gave important messages on Monday with its negative performance in terms of ending the positive trend view, should be followed carefully in order to answer the question of whether it is serious in its intention. Although we saw a partial recovery yesterday, the related rise is not strong enough to end the general negative perception. Psychologically, 105, theoretically, 34 and 100-day averages (104.33 - 104.65 region) can now be explained as strong reference areas in order to create significant resistance and pressure for the new appearance of the index. The 103.960 level can be followed in intraday downward movements. If this level is broken, the supports at 103,730 and 103,590 may become important. In case of possible increases, the resistance levels at 104,330 and 104,650 will be monitored. Support: 103,960-104,730 Resistance: 104,330-104,650
Following the shallow movements observed due to the market being closed due to the holiday in the US; the decline in 10-year Treasury yields continued, albeit limited, and supported the recovery of troy ounce gold in the short term. In terms of precious metal pricing, average hourly earnings, unemployment rate and non-farm employment change data can be monitored during the day. As long as it remains above the level of 2,361.09, we can see upward acceleration. The daily gain for troy ounce gold, which closed at 2,364.18 on the previous trading day, was 0.37%. The RSI indicator for troy ounce gold, which is above its 20-day moving average, is at 56.63, while its momentum is at 101.53. The level of 2,357 can be followed in intraday downward movements. If this level is exceeded, the supports of 2,350 and 2,347 may become important. In possible increases, 2,367, 2,371 and 2,378 will be monitored as resistance levels. Support: 2357 - 2350 Resistance: 2367 - 2371
Oil futures maintained their upward trend despite being subject to limited profit taking after yesterday's rise. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as the prices remain at and above the 82.50 - 83.00 support, the upward trend may be at the forefront. An upward trend parallel to Brent oil also dominates on the WTI side. WTI oil saw its highest level of 83.57 and its lowest level of 82.57 on the previous trading day. The 83.24 level can be followed in intraday downward movements. In case of falling below this level, the supports of 82.90, 82.23 and 81.89 may become important. In possible increases, the resistance levels of 83.91, 84.24 and 84.91 will be monitored. Support: 83.24 - 82.90 Resistance: 83.91 - 84.24
Oil futures maintained their upward trend despite being subject to limited profit taking following yesterday's rise. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as prices remain at and above the 82.50 - 83.00 support, the upward trend may be at the forefront. In general, an upward trend is seen. Brent oil saw a high of 87.32 and a low of 86.27 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.51% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 65.70, while its momentum is at 102.93. The 86.61 level can be followed in intraday downward movements. If this level is dropped, the supports of 85.92 and 85.56 may become important. In possible increases, 87.65, 88.01 and 88.69 will be monitored as resistance levels. Support: 86.61 – 85.92 Resistance: 87.65 – 88.01
Following the shallow movements observed due to the market being closed due to the holiday in the US, the decline in 10-year treasury yields continued, albeit limited, and NDXUSD recorded limited increases. In terms of index pricing, average hourly earnings, unemployment rate and non-farm employment change data can be monitored during the day. When we evaluate technically, as long as the 21 (19590) period exponential moving average currently supports the 20080 - 19985 region, the positive trend may continue. If the upward trend continues, a movement area may form towards the 20280 and 20360 levels. In the alternative view, permanent pricing may be needed below the 20080 - 19985 region for the downward trend to become dominant. In this case, movements towards the 19890 and 19760 levels can be monitored. Support: 20080 - 19985 Resistance: 20280 - 20360
Following the shallow movements observed due to the market being closed due to the holiday in the US, the decline in 10-year treasury yields continued, albeit limited, and NDXUSD recorded limited increases. In terms of index pricing, average hourly earnings, unemployment rate and non-farm employment change data can be monitored during the day. When we evaluate technically, as long as the 21 (19590) period exponential moving average currently supports the 20080 - 19985 region, the positive trend may continue. If the upward trend continues, a movement area may form towards the 20280 and 20360 levels. In the alternative view, permanent pricing may be needed below the 20080 - 19985 region for the downward trend to become dominant. In this case, movements towards the 19890 and 19760 levels can be monitored. Support: 20080 - 19985 Resistance: 20280 - 20360
Today, the ECB Interest Rate Decision and President Lagarde Speech, and Friday's Nonfarm Payrolls and Average Hourly Earnings are important developments that global markets will follow closely. On Wednesday, June 12, first the US CPI, then the FOMC Economic Projections and the Fed Chair Powell speech will complete an important process in the critical data calendar, and we can obtain important clues on the road map until the end of the year. The daily loss for the parity, which closed at 1.0869 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 57.03, while its momentum is at 100.10. The 1.0889 level can be followed in intraday upward movements. If this level is exceeded, the 1.0909 and 1.0926 resistances may become important. In possible pullbacks, 1.0852, 1.0835 and 1.0815 will be monitored as support levels. Support: 1.0852 – 1.0835 Resistance: 1.0909 – 1.0926
Today, the ECB Interest Rate Decision and President Lagarde Speech, and Friday's Nonfarm Payrolls and Average Hourly Earnings are important developments that global markets will follow closely. On Wednesday, June 12, first the US CPI, then the FOMC Economic Projections and the Fed Chair Powell speech will complete an important process in the critical data calendar, and we can obtain important clues on the road map until the end of the year. The daily gain for the parity, which closed at 1.2788 on the previous trading day, was 0.15%. The RSI indicator for the parity, which is below its 20-day moving average, is at 63.47, while its momentum is at 100.65. The 1.2780 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2764 and 1.2740 may become important. In possible increases, 1.2804, 1.2820 and 1.2844 will be monitored as resistance levels. Support: 1.2780 – 1.2764 Resistance: 1.2804 – 1.2820
In his statement this morning, Bank of Japan (BoJ) Governor Kazuo Ueda stated that inflation expectations are gradually increasing but have not yet reached 2%, adding that the Japanese central bank will act cautiously regarding interest rates in order to avoid major mistakes. It is observed that the parity is increasing due to the appreciation of the dollar. The daily gain for the parity, which closed at 156.12 on the previous trading day, was 0.80%. The RSI indicator for the parity, which is above its 20-day moving average, is at 51.66, while its momentum is at 99.91. The 155.12 level can be followed in intraday downward movements. If this level is dropped below, the supports at 154.82 and 153.43 may become important. In possible increases, 156.80, 157.48 and 158.48 will be monitored as resistance levels. Support: 155.120 – 154.820 Resistance: 156.800 – 157.480
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.21. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
With the support of the US 10-year bond yield falling to 4.30%, ounce gold found room for growth. For the precious metal, which started the day at 2356 and was traded around 2368 while the analysis was being prepared; the ECB monetary policy statement and unemployment benefit applications can be monitored during the day due to their possible effects. The daily gain for ounce gold, which closed at 2,355.26 on the previous trading day, was 1.21%. The RSI indicator for ounce gold, which is above its 20-day moving average, is at 52.13, while its momentum is at 97.07. The 2,346.20 level can be monitored in intraday downward movements. If this level is exceeded, supports at 2,335.01, 2,314.76 and 2,303.57 may become important. In possible increases, 2,377 and 2,397 will be monitored as resistance levels. Support: 2346 - 2314 Resistance: 2377 - 2397
Despite the pessimistic outlook on the issue of LEP, oil futures have made some recovery since yesterday evening. While the US Energy Information Administration announced a 1.2 million barrel increase in stocks, Saudi Arabia's lowering of sales prices to the Asian market supported concerns about demand. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 74.15 and a low of 72.74 on the previous trading day. The 73.68 level can be followed in intraday downward movements. In case of falling below this level, supports at 73.20, 72.27 and 71.80 may become important. In possible increases, resistance levels of 74.61, 75.08 and 76.02 will be monitored. Support: 73.68 - 73.20 Resistance: 74.61 - 75.08
Despite the pessimistic outlook on demand, oil futures have made some recovery since yesterday evening. While the US Energy Information Administration announced a 1.2 million barrel increase in stocks, Saudi Arabia's lowering of sales prices to the Asian market supported concerns about demand. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 78.48 and a low of 77.11 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 1.74% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 34.98, while its momentum is at 94.00. The 78.02 level can be followed in intraday downward movements. If this level is broken, supports at 77.56, 76.65 and 76.19 may become important. In possible increases, resistance levels at 78.94, 79.39 and 80.31 will be monitored. Support: 78.02 – 77.56 Resistance: 78.94 – 79.39
While global markets await tomorrow's nonfarm payrolls data, data released since the beginning of the week has indicated a cooling in the US labor market. While the US 10-year bond yield fell, the Nasdaq index rose 2% led by Nvidia, which reached a new record level yesterday. The ECB interest rate decision is on the economic calendar today. While Lagarde is expected to announce a 25 basis point interest rate cut, it remains unclear what policy the bank will follow in the following months. In this sense, today's press conference will be followed closely on the global front. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 - 18800 region for the index. As long as the index remains above the 18800 level, positive expectations are at the forefront. In increases, the 19100 - 19200 levels can be followed as resistance. In declines, 18900 – 18800 levels can be followed as support. Support: 18900 – 18800 Resistance: 19100 – 19200
European stock markets were positive yesterday as they were expecting the bank to make a 25 basis point cut in the ECB interest rate decision to be announced today. While the Dax40 index gained close to 1%, clues will be sought for the bank's next roadmap in President Lagarde's statements after the decision today. When we technically examine the short-term pricing of the DAXEUR index, we are following the 18600 - 18700 region. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18500 - 18400 can be followed as support. In increases, 18700 - 18800 levels can be followed as resistance points. Support: 18500 - 18400 Resistance: 18700 - 18800
BTCUSD exceeded the $70,000 band again with the Incoming Purchases Yesterday. It managed to stay strong with the ETH ETF News and BLACKROCK ETF Purchases Last Week. It is now possible to talk about a certain price for BTC, which is very close to the best ETF Purchase in history. It does not seem possible for the market to be below the $56,000 bottom level, but it will not seem very possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $100,000 band will be close for BTC. On the technical side, after breaking the daily $72,000 band, the most important support level is $69,000 in open pullbacks up to $75,000, if the sell position continues from here, we can see a pullback to $66,000. Support: 69,000 - 66,000 Resistance: 72,000 - 75,000
While the presentation that Fed Chair Powell will make first in the Senate and then in the House of Representatives and the Consumer Inflation data for June from the US are seen as the most important topics to be followed between Tuesday and Thursday, both the messages that the President will give and the latest developments in inflation should be followed carefully to answer the question of whether the Fed's 2nd interest rate cut is supported. The daily gain for the parity, which closed at 1.0829 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.32, while its momentum is at 101.26. The 1.0818 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0807 and 1.0798 may become important. In possible increases, 1.0838, 1.0847 and 1.0858 will be watched as resistance levels. Support: 1.0818 – 1.0807 Resistance: 1.0838 – 1.0847
US natural gas futures continued to maintain gains with the warm weather forecast for June. However, at least for now, a hesitant course is being followed regarding the new peak. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 2.55-2.49 support supported by the 20- and 50-period exponential moving averages, the upward trend may be at the forefront. In possible increases, the 2.64 and 2.69 levels can be targeted. In possible decreases, the attitude of the 2.55-2.49 support can be monitored. A break of this support and hourly closings in the region may bring the 2.45 and 2.39 levels to our agenda. Support: 2.55-2.49 Resistance: 2.64-2.69
While the presentation that Fed Chair Powell will make first in the Senate and then in the House of Representatives and the Consumer Inflation data for June from the US are seen as the most important topics to be followed between Tuesday and Thursday, both the messages that the President will give and the latest developments in inflation should be followed carefully to answer the question of whether the Fed's 2nd interest rate cut is supported. The daily gain for the parity that closed at 1.2806 on the previous trading day was 0.00%. The RSI indicator for the parity, which is below its 20-day moving average, is at 63.40, while its momentum is at 101.32. The 1.2817 level can be followed in intraday upward movements. If this level is exceeded, the 1.2827 and 1.2837 resistances may become important. In possible pullbacks, 1.2797, 1.2787 and 1.2777 will be monitored as support levels. Support: 1.2797 – 1.2787 Resistance: 1.2817 – 1.2827
Today, the ECB Interest Rate Decision and President Lagarde's Speech, Friday's Non-Farm Employment and Average Hourly Earnings are important developments that global markets will follow closely. The Classic Dollar Index continues its negative course under 105 psychologically, and theoretically under the 34 and 100-day averages (104.33 - 104.65 region). If this attitude is supported by the ECB today, TDI tomorrow, and the Fed next week, we can expect a bad scenario for DXY. Otherwise, fluctuations may be observed for a while. The 103.960 level can be followed in intraday downward movements. If this level is broken, the supports at 103,730 and 103,590 may become important. In case of possible increases, the resistance levels at 104,330 and 104,650 will be monitored. Support: 103,960-104,730 Resistance: 104,330-104,650
USD/JPY parity, Japanese Finance Minister Shunichi Suzuki said that the weak yen increased import costs and affected the country's economy and prices. Suzuki reiterated that he would "carefully and closely monitor the stock and foreign exchange markets." It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 161.00 on the previous trading day, was 0.13%. The RSI indicator for the parity, which is above its 20-day moving average, is at 67.09, while its momentum is at 100.81. The 160.77 level can be followed in intraday downward movements. If this level is dropped, the supports at 160.55 and 160.37 may become important. In possible increases, 161.18, 161.36 and 161.58 will be monitored as resistance levels. Support: 160,770 – 160,550 Resistance: 161,180 – 161,360
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.61. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.88, 33.00 and 33.28 levels can be observed. Permanent movements above 33.28 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.32 – 32.11 Resistance: 32.88 – 33.00
Gold and Silver Ounce followed a performance at the beginning of the week that tried to realize Friday's gains. The Dollar Index's effort to stay above 104.50, especially the fluctuation it created with the compatibility with the price of the US 10-year bond (first decrease then increase) caused precious metals to create a volatile course during the day. The limitation of recent declines on short-term indicators also supports the idea of the current upward desire. The daily gain for gold ounce, which closed at 2,366.97 on the previous trading day, was 0.33%. The RSI indicator for gold ounce, which is above its 20-day moving average, is at 55.28, while its momentum is at 101.99. The 2,360 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,354 and 2,350 may become important. In possible increases, 2,370, 2,374 and 2,381 will be followed as resistance levels. Support: 2360 - 2354 Resistance: 2370 - 2374
Oil futures continued to decline during the hurricane process that has lost its effect in the US, and continued its limited decline in the Asian session. The course of European and US stock markets, Fed Chairman Powell's presentation in the Senate and the stock figures to be announced by the American Petroleum Institute can be followed during the day. As long as the prices remain at and below the 82.50 - 83.00 resistance where the averages are concentrated, the downward trend may continue. In possible declines, 81.50 and 81.00 levels can be targeted. As long as possible recoveries are limited by the 82.50 - 83.00 resistance, new downward potential may occur. Therefore, it may be necessary to see the course above 83.00 and 4-hour closings for the continuation of the upward desire. In this case, 83.50 and 84.00 levels may come to the agenda. Support: 81.50 - 81.00 Resistance: 83.00 - 83.50
Oil futures continued to decline during the hurricane process that has lost its effect in the US, and continued its limited decline in the Asian session. The course of European and US stock markets, Fed Chairman Powell's presentation in the Senate and the stock figures to be announced by the American Petroleum Institute can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 86.42 and a low of 85.27 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.3% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 54.53, while its momentum is at 100.60. The 86.13 level can be followed in intraday upward movements. If this level is exceeded, the 86.85 and 87.29 resistances may become important. In possible pullbacks, 84.98, 84.54 and 83.82 will be monitored as support levels. Support: 84.98 – 84.54 Resistance: 86.13 – 86.85
US index futures maintained their positive trend ahead of Fed Chairman Powell's speech in the Senate today. The course of European stock markets and Powell's speech can be followed during the day. Powell's statements on inflation and interest rates may have an impact on risk appetite. Technically speaking, as long as the 21 (21190) period exponential moving average currently supports the 20280 - 20185 region, the positive trend may continue. If the upward trend continues, there may be movement towards the 20520 and 20610 levels. In the alternative view, permanent pricing may be needed below the 20380 - 20285 region for the downward trend to become dominant. In this case, movements towards the 20190 and 20060 levels can be monitored. Support: 20380 - 20285 Resistance: 20520 - 20610
Before the June 12 US CPI, FOMC Economic Projections and Fed Chairman Powell's speech, today's global markets are focusing on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income. While going through a critical process and following the interest rate cut step from the SNB, BoC and then the ECB, all eyes are on the strategy to be followed by the Fed. For this reason, the results of today's critical indicators should be followed carefully for instant pricing behavior before the June 12 Fed. . The 1.0888 level can be followed in intraday downward movements. Falling below this level may make the supports of 1.0881 and 1.0875 important. In possible increases, the resistance levels of 1.0900, 1.0906 and 1.0913 will be monitored. Support: 1.0888 - 1.0881 Resistance: 1.0900 - 1.0906
As we leave the first trading day of the week behind, we observe that the partial negative pricing spread across the European indices, especially the French (CAC40) index, exhibited more negative performance than the others. The fact that the President did not accept the resignation of the French Prime Minister to remain in office for a while is important for maintaining stability, but the uncertainty regarding the formation of the government will continue to be monitored in terms of the course of the indices. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports the 18410 level, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 18530 and 18610 levels. Support Levels are the 18410 - 18320 range. Support: 18410 - 18320 Resistance: 18530 - 18610
Before June 12 US CPI, FOMC Economic Projections and Fed Chair Powell's speech, today's global markets are focusing on Nonfarm Payrolls, Unemployment Rate and Average Hourly Earnings/Income. While going through a critical process and following the interest rate cut step from SNB, BoC and then ECB, all eyes are on the strategy to be followed by the Fed. For this reason, the results of today's critical indicators should be followed carefully for instant pricing behavior before June 12 Fed. The daily loss for the parity, which closed at 1.2789 on the previous trading day, was 0.00%. The RSI indicator for the parity, which is below its 20-day moving average, is at 63.56, while its momentum is at 100.57. The 1.2789 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 1.2796, 1.2802 and 1.2809 may become important. In case of possible pullbacks, 1.2776 and 1.2770 will be monitored as support levels. Support: 1.2776 – 1.2770 Resistance: 1.2796 – 1.2802
Bitcoin seems to have recovered from a sharp decline yesterday. It fell by more than 14% in the last week and is currently trading around $57,260 after recovering yesterday. As with last week's decline, the main reason is the start of refunds to customers who suffered losses in the hack of cryptocurrency platform Mt. Gox in 2014. More than 140,000 bitcoins were recovered from the total of 940,000 BTC hack. The redistribution of bitcoins to customers means major sales if creditors decide to take profits, since the value of one bitcoin was $451 at the time of the bankruptcy. On the technical side, after breaking the daily $58,710 band, the most important support level is $56,020, and if the sell position continues from here, we may see a pullback to $54,930. Support: 56020 – 54930 Resistance: 58710 – 59640
Japanese Finance Minister Shunichi Suzuki said in a statement today that he would take action against excessive currency volatility when necessary and evaluate the effectiveness of the intervention. The daily gain for the pair, which closed at 155.62 on the previous trading day, was 0.01%. The RSI indicator for the pair, which is below its 20-day moving average, is at 48.85, while its momentum is at 99.25. The 155.65 level can be followed in intraday upward movements. If this level is exceeded, the 155.91, 156.20 and 156.46 resistances may become important. In possible pullbacks, the 155.36, 155.10 and 154.81 support levels will be monitored. Support: 155.100 - 154.810 Resistance: 155.910 - 156.200
After starting the week with losses, U.S. natural gas futures recovered these losses and reached Friday's closing levels. The struggle continues between the strong course of U.S. production and the balanced demand outlook created by the expectation of rising temperatures. As long as prices remain above the 2.23 - 2.18 support, an upward outlook may be at the forefront. In possible increases, 2.32 and 2.37 levels may be targeted. In possible decreases, the attitude of the 2.23 - 2.18 support may be monitored. A break of this support and possible hourly closings in the region may bring the 2.11 and 2.04 levels to our agenda. Support: 2.23 - 2.18 Resistance: 2.32 - 2.37
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.27. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
Oil futures continued to rise while evaluating the possibility of OPEC+ lifting its decision to gradually reduce production. The course of European and US stock markets and the data flow on the US side can be followed during the day. As long as the pricing remains above the 74.50 - 75.00 support during the day, an upward trend may be at the forefront. In possible increases, 76.00 and 76.50 levels can be targeted. In possible decreases, as long as the 74.50 - 75.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 74.50 and hourly closings for the continuation of the downward desire. In this case, the 74.00 and 73.50 levels may come to the agenda. Support: 75.00 - 74.50 Resistance: 76.00 - 76.50
Oil futures continued to trend upwards while also evaluating the possibility of OPEC+ lifting its decision to gradually reduce production. The course of European and US stock markets and the data flow from the US can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 79.94 and a low of 78.29 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 1.69% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 41.01, while its momentum is at 96.81. The 79.34 level can be followed in intraday downward movements. If this level is broken, the supports of 78.75, 77.70 and 77.10 may become important. In possible increases, 80.40, 80.99 and 82.05 will be monitored as resistance levels. Support: 79.34 – 78.75 Resistance: 80.40 – 80.99
The Nasdaq index remained flat ahead of today's US nonfarm payrolls data. The unemployment claims data exceeded expectations and was announced as 229 thousand, above expectations of 220 thousand. While Nvidia lost more than 1% due to news that the US will open antitrust investigations against Microsoft and Nvidia due to their dominance in the field of artificial intelligence, today's employment data will be monitored due to Fed expectations and therefore its impact on index movements. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are monitoring the 18700 -18800 region for the index. As long as the index is above the 18800 level, positive expectations are at the forefront. In increases, the 19100 - 19200 levels can be monitored as resistance. In decreases, the 18900 - 18800 levels can be monitored as support. Support: 18900 - 18800 Resistance: 19100 - 19200
European stock markets showed a positive trend with the ECB lowering interest rates by 25 basis points in line with market expectations. While the DAXEUR index gained 0.4%, today's US non-farm payrolls data will be monitored for the pricing reflex of global stock markets. When we examine it as a whole, we are monitoring the 18600 - 18700 region. For positive expectations, the index can be expected to move above the relevant region supported by the 20 - 89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18500 - 18400 can be monitored as support. In increases, 18700 - 18800 levels can be monitored as resistance points. Support: 18500 - 18400 Resistance: 18700 - 18800
BTCUSD exceeded the $71,000 band again with the Incoming Purchases Yesterday. It managed to stay strong with the ETH ETF News and BLACKROCK ETF Purchases Last Week. It is now possible to talk about a certain price for BTC, which is very close to the best ETF Purchase in history. It does not seem possible for the market to be below the $56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $100,000 band will be close for BTC. On the technical side, after breaking the daily $73,000 band, the most important support level is $69,000 in open pullbacks up to $75,000. If the sell position continues from here, we can see a pullback to $66,000. Support: 69,000 - 66,000 Resistance: 73,000 - 75,000
US natural gas futures maintained their gains despite the milder weather forecasts, maintaining their course above averages. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 2.55-2.49 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.74 and 2.79 levels can be targeted. In possible decreases, the attitude of the 2.65-2.59 support can be followed. A break of this support and possible hourly closings in the region may bring the 2.55 and 2.49 levels to our agenda. Support: 2.65-2.59 Resistance: 2.74-2.79
The Classic Dollar Index continues its negative course below psychologically 105 and theoretically 34 and 100-day averages (104.33 - 104.65 area). Following the ECB Interest Rate Decision and President Lagarde's statements, the continuation of the course below current levels is important for EURUSD and GBPUSD positive pricing behavior. Today, we will follow the data results to see if the US data will support this idea. In the event of a result that will strengthen the index, whether it will be able to overcome the barriers should also be followed in order to shape short-term expectations. The 103.960 level can be followed in intraday downward movements. If this level is broken, the supports at 103,730 and 103,590 may become important. In case of possible increases, the resistance levels at 104,330 and 104,650 will be monitored. Support: 103,960-104,730 Resistance: 104,330-104,650
We are in the middle of the week. On the one hand, the question mark of the coalition regarding the post-election economic decisions in France and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chair Powell regarding the interest rate cut occupy our agenda. After the Senate speech, we will also follow Fed Chair Powell's presentation in the House of Representatives today, but our main focus will be on the CPI data to come from the US on Thursday. The daily gain for the parity, which closed at 1.0822 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is above its 20-day moving average, is at 57.02, while its momentum is at 100.80. The 1.0809 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0801 and 1.0794 may become important. In possible increases, 1.0826, 1.0831 and 1.0839 will be followed as resistance levels. Support: 1.0809 – 1.0801 Resistance: 1.0826 – 1.0831
We are in the middle of the week. On the one hand, the question mark of the coalition regarding the post-election economic decisions in France and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chair Powell regarding the interest rate cut occupy our agenda. After the Senate speech, we will also follow Fed Chair Powell's presentation in the House of Representatives today, but our main focus will be on the CPI data to come from the US on Thursday. The daily gain for the parity, which closed at 1.2794 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is below its 20-day moving average, is at 60.99, while its momentum is at 100.85. The 1.2786 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2778 and 1.2773 may become important. In possible increases, 1.2799, 1.2804 and 1.2812 will be followed as resistance levels. Support: 1.2786 – 1.2778 Resistance: 1.2799 – 1.2804
The USD/JPY pair, Japanese Finance Minister Shunichi Suzuki said on Tuesday, "It is important to maintain fiscal discipline to maintain confidence in long-term fiscal health." Japanese Finance Minister Shunichi Suzuki said the weak yen was increasing import costs and affecting the country's economy and prices. Suzuki reiterated that he would "watch the stock and foreign exchange markets carefully and closely." The pair, which closed at 161.42 on the previous trading day, gained 0.05% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 69.55, while its momentum is at 101.14. The 161.59 level can be followed in intraday upward movements. If this level is broken, the 161.75 and 161.92 resistances may become important. In possible pullbacks, the 161.26, 161.09 and 160.93 support levels will be monitored. Support: 161.260 - 161,090 Resistance: 161,590 – 161,750
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.86. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 32.98, 33.10 and 33.38. Permanent movements above 33.38 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 32.98 – 33.10
We are in the middle of the week. On the one hand, the question mark of the coalition regarding the post-election economic decisions in France and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chair Powell regarding the interest rate cut occupy our agenda. After the Senate speech, we will also follow Fed Chair Powell's presentation in the House of Representatives today, but our main focus will be on the CPI data to come from the US on Thursday. The daily gain for the ounce of gold, which closed at 2,367.61 on the previous trading day, was 0.17%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 55.44, while its momentum is at 101.42. Its level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,363, 2,359 and 2,356 may become important. In possible increases, 2,374 and 2,379 will be monitored as resistance levels. Support: 2363 - 2359 Resistance: 2374 - 2379
At the beginning of the new week, the Belgian Prime Minister resigned as the far-right came to the fore in the elections held by the 27-country European Union for the European Parliament, while French President Macron announced that he had dissolved the National Assembly and that early elections would be held in the country between June 30 and July 7. The positive outlook of the Dollar Index for the new week and the pressure on the Euro drew attention on the first trading day. Although we started a new week with activity, it should not be forgotten that the main focus of the markets is the Fed Interest Rate Decision in the middle of the week, the FOMC Economic Projections and Fed Chair Powell's speech. Although there is no high-level news on the calendar today, the news flow we will follow specifically for Europe after the European Parliament elections may be important on today's agenda. The 1.0761 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0775, 1.0796 and 1.0809 may become important. In case of possible pullbacks, 1.0740, 1.0727 and 1.0706 will be monitored as support levels. Support: 1.0740 – 1.0727 Resistance: 1.0761 – 1.0775
Following Fed Chairman Powell's cautious statements on interest rates yesterday, oil prices maintained their declines that they have highlighted since the beginning of the week. While the American Petroleum Institute announced a decrease of 1.9 million barrels in stocks, the stock figures to be announced by the US Energy Information Administration will be monitored today. As long as the prices remain at and below the 81.21 - 81.75 resistance, the downward trend may continue. On the WTI side, an upward trend parallel to Brent oil is also dominant. WTI oil saw a high of 81.88 and a low of 80.67 on the previous trading day. The 81.21 level can be followed in intraday upward movements. If this level is exceeded, the 81.75, 82.42 and 82.96 resistances may become important. In possible pullbacks, the 80.54, 80.00 and 79.33 support levels will be monitored. Support: 80.54 - 80.00 Resistance: 81.21 - 81.75
At the beginning of the new week, the Belgian Prime Minister resigned as the far-right came to the fore in the elections held by the 27-country European Union for the European Parliament, while French President Macron announced that he was dissolving the National Assembly. The positive start of the new week for the Dollar Index and the pressure on the Euro drew attention on the first trading day. Although we started a new week with activity, it should not be forgotten that the main focus of the markets is the Fed Interest Rate Decision in the middle of the week, FOMC Economic Projections and Fed Chair Powell's speech. The 1.2719 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.2729, 1.2741 and 1.2751 may become important. In possible pullbacks, 1.2707, 1.2697 and 1.2685 will be monitored as support levels. Support: 1.2707 - 1.2697 Resistance: 1.2719 - 1.2729
Following Fed Chairman Powell's cautious statements on interest rates yesterday, oil prices maintained their declines that they had highlighted since the beginning of the week. While the American Petroleum Institute announced a decrease of 1.9 million barrels in stocks, the stock figures to be announced by the US Energy Information Administration will be monitored today. It is seen that there is a general upward trend. Brent oil saw a high of 85.53 and a low of 84.20 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.96% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 50.37, while its momentum is at 100.31. The 85.34 level can be followed in intraday upward movements. If this level is exceeded, the 86.10 and 86.67 resistances may become important. In case of possible pullbacks, 84.02, 83.45 and 82.69 will be monitored as support levels. Support: 84.02 – 83.45 Resistance: 85.34 – 86.10
According to the data released by the Cabinet Office today, Japan's Gross Domestic Product (GDP) contracted by 0.5% in the first quarter (Q1) compared to the -0.5% expectation and the -0.5% previous value. The daily gain for the pair, which closed at 157.13 on the previous trading day, was 0.23%. The RSI indicator for the pair, which is above its 20-day moving average, is at 56.72, while its momentum is at 100.12. Intraday downward movements can be followed at 157.01. If this level is broken, the supports at 156.83, 156.54 and 156.36 may become important. In case of possible increases, the resistance levels at 157.31, 157.49 and 157.78 will be monitored. Support: 157.010 – 156.830 Resistance: 157.310 – 157.490
Fed Chair Powell's cautious statements have not yet been enough to move US indices away from record areas. Following Fed Chair Powell's presentation to the Financial Services Committee during the day, June inflation will be monitored tomorrow. Technically speaking, as long as the 21 (21190) period exponential moving average currently supports the 20280 - 20185 region, the positive trend may continue. If the upward trend continues, movement towards the 20520 and 20610 levels may occur. In the alternative view, permanent pricing may be needed below the 20380 - 20285 region for the downward trend to become dominant. In this case, movements towards the 20190 and 20060 levels can be monitored. Support: 20380 - 20285 Resistance: 20520 - 20610
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.34. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
We are in the middle of the week. On the one hand, the question mark of the coalition regarding the economic decisions taken after the elections in France and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chairman Powell regarding the interest rate cut occupy our agenda. After the Senate speech, we will also follow Fed Chairman Powell's presentation in the House of Representatives today, but our main focus will be on the CPI data to come from the US on Thursday. Technically speaking, as long as the 21 (18074) period exponential moving average currently supports the 18160 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18290 and 18350 levels. Support Levels are the 18160 - 18080 range. Support: 18160 - 18080 Resistance: 18290 - 18350
On the first trading day of the week; after the announcement of higher than expected non-farm payrolls data, the ounce of gold fell to the levels seen in early May due to the effect of the 10-year bond interest rate increasing to 4.45%. Starting the day at 2293 and trading around 2296 while the analysis was being prepared. The daily gain for the ounce of gold, which closed at 2294 on the previous trading day, was 0.02%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 42.57, while its momentum is at 98.53. The 2,300 level can be followed in intraday upward movements. If this level is exceeded, the 2,306 and 2,311 resistances may become important. In possible pullbacks, the 2,289, 2,284 and 2,278 support levels will be monitored. Support: 2289 - 2384 Resistance: 2300 - 2306
Bitcoin seems to have recovered from a sharp decline last week and Monday. It fell by more than 14% in the last week and is currently trading around $59,260 after recovering yesterday. The main reason for the decline last week is the start of refunds to customers who suffered losses in the hack of cryptocurrency platform Mt. Gox in 2014. More than 140,000 bitcoins were recovered from the total of 940,000 BTC hack. The redistribution of bitcoins to customers means major sales if creditors decide to take profits, since the value of one bitcoin was $451 at the time of the bankruptcy. On the technical side, after breaking the daily $59,990 band, there is an open pullback to $60,940, and the most important support level is $58,020. If the sell position continues from here, we may see a pullback to $56,930. Support: 58020 – 56930 Resistance: 59990 – 60940
While markets await the Fed statement to be made in the middle of the week, oil futures continued to remain within last week's band. The course of European and US stock exchanges can be followed during the day. Pricing outside the 75.00 - 75.50 region and hourly closings during the day can clarify the search for direction. Breaking the 76.00 resistance and hourly closings in the region can bring the 76.50 and 77.00 levels to our agenda. In declines, the attitude of the 75.00 support can be followed. Breaking this support and hourly closings in the region can contribute to targeting the 74.50 level. Support: 75.00 - 74.50 Resistance: 76.00 - 76.50
After starting the week with losses, U.S. natural gas futures recovered these losses and reached Friday's closing levels. The struggle continues between the strong course of U.S. production and the balanced demand outlook created by the expectation of rising temperatures. As long as prices remain above the 2.23-2.18 support, an upward outlook may be at the forefront. In possible increases, 2.32 and 2.37 levels may be targeted. In possible decreases, the attitude of the 2.23-2.18 support may be monitored. A break of this support and possible hourly closings in the region may bring the 2.11 and 2.04 levels to our agenda. Support: 2.23-2.18 Resistance: 2.32-2.37
While markets await the Fed statement to be made in the middle of the week, oil futures continued to remain within last week's band. The course of European and US stock exchanges can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 80.22 and a low of 79.22 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.55% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 39.70, while its momentum is at 97.45. The 79.99 level can be followed in intraday upward movements. If this level is exceeded, the 80.61 and 80.99 resistances may become important. In possible pullbacks, 78.98, 78.60 and 77.98 will be monitored as support levels. Support: 78.98 - 78.60 Resistance: 79.99 - 80.61
Before the critical US data, the Classic Dollar Index is questioning the uptrend. As of now, it is within the 34 and 100-day exponential moving averages (104.57 - 104.96 region) that we base on and has reached the bottom of the uptrend. Today, we will seek an answer to the question of whether the EURUSD and GBPUSD rise or the Dollar Index uptrend will be confirmed with the US data. In this respect, both the change after the data and the level at which it closed the week should be followed carefully in terms of the index & parity course. The 104.910 level can be followed in intraday downward movements. If this level is dropped below, the supports of 104.730 and 104.590 may become important. In possible increases, the resistance levels of 105.230 and 105.350 will be monitored. Support: 104.910-104.730 Resistance: 105.230-105.350
On the first trading day of the week; after the announcement of higher than expected non-farm payrolls data, the NASDAQ100 index recorded an outlook that suppressed its upward movements due to the effect of the 10-year bond yield increasing to 4.45%. It started the day at 19020 and is trading around 19041 while the analysis is being prepared. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -18800 region for the index. As long as the index is above 18800, positive expectations are at the forefront. In increases, 19100 - 19200 levels can be followed as resistance. In decreases, 18900 - 18800 levels can be followed as support. Support: 18900 - 18800 Resistance: 19100 - 19200
Although we are starting a new week with a buzz, it should not be forgotten that the main focus of the markets is the Fed Interest Rate Decision in the middle of the week, FOMC Economic Projections and Fed Chair Powell's speech. Although there is no high-level news on the calendar today, the news flow we will follow specifically for Europe after the European Parliament elections may be important on today's agenda. When we examine it as such, we are following the 18500 - 18600 region. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18400 - 18300 can be followed as support. In increases, 18600 - 18700 levels can be followed as resistance points. Support: 18400 - 18300 Resistance: 18600 - 18700
BTCUSD left the strong rise it experienced last week to profit sales close to the market close on Friday. Although it reached 72000 levels during the week, it approached 67000 levels on Friday. BTC, which recovered over the weekend, is trading at 69540 levels. It is now possible to talk about a certain price for BTC. It does not seem possible for the market to go below the $ 56000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture is that the probability of the $ 100,000 band being close in the near future for BTC is almost 0%. On the technical side, after breaking the daily $ 71000 band, the most important support level is $ 68000. If the selling position continues from here, we can see a pullback to $ 66000. Support: 68000 - 66000 Resistance: 71000 - 73000
US natural gas futures started the week on the rise with warm weather forecasts for the later periods of June. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 2.80 - 2.74 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.94 and 2.99 levels can be targeted. In possible decreases, the attitude of the 2.80 - 2.74 support can be followed. The breakdown of this support and possible hourly closings in the region may bring the 2.65 and 2.59 levels to our agenda. Support: 2.80 - 2.74 Resistance: 2.94 - 2.99
The rise that the Classic Dollar Index started on Friday and the related rise both entering into a positive trend that has ended and exceeding the 34 and 100-day averages (104.33 - 104.65 region) are noteworthy, but we will follow the 105.05 level to see if the relevant thought is sufficient for a new positive expectation. Permanent movements above 105.05 are confirmation of the positive outlook, and if it is pressured and forms permanent movements below 104.30, the expectation of adaptation to the new negative outlook may be at the forefront. The 104.960 level can be followed in intraday downward movements. If this level is broken, the supports at 104,730 and 104,590 may become important. In case of possible increases, the resistance levels at 105,330 and 105,650 will be monitored. Support: 104,960-104,730 Resistance: 105,330-105,650
Despite the nonfarm payrolls data coming in above expectations on Friday, with the slowdown in wage growth and the increase in unemployment, we observe that the probability of a Fed September rate cut is 68% on the CME FedWatch side, 70% after Fed Chair Powell's presentation in the Senate and 70% right now before the critical US CPI data. Although the Fed is making cautious statements, the markets are willing to make an additional rate cut, but this idea needs to be supported. Today, there is the US CPI data for June. The daily gain for the parity, which closed at 1.0836 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.86, while its momentum is at 101.15. The 1.0827 level can be followed in intraday downward movements. If this level is dropped, the 1.0818 and 1.0810 supports may become important. In possible increases, 1.0844, 1.0852 and 1.0861 will be monitored as resistance levels. Support: 1.0827 – 1.0818 Resistance: 1.0844 – 1.0852
Despite the nonfarm payrolls data coming in above expectations on Friday, with the slowdown in wage growth and the increase in unemployment, we observe that the probability of a September Fed rate cut is 68% on the CME FedWatch side, 70% after Fed Chair Powell's presentation in the Senate and 70% right now before the critical US CPI data. Although the Fed is making cautious statements, the markets are willing to make an additional rate cut, but this idea needs to be supported. Today, there is the June CPI data from the US. The daily gain for the parity, which closed at 1.2858 on the previous trading day, was 0.07%. The RSI indicator for the parity, which is below its 20-day moving average, is at 66.88, while its momentum is at 101.37. The 1.2849 level can be followed in intraday downward movements. If this level is dropped, the 1.2839 and 1.2831 supports may become important. In possible increases, 1.2867, 1.2875 and 1.2885 will be monitored as resistance levels. Support: 1.2849 - 1.2839 Resistance: 1.2867 - 1.2875
The USD/JPY pair, Japanese Finance Minister Shunichi Suzuki said on Tuesday, "It is important to maintain fiscal discipline to maintain confidence in long-term fiscal health." Japanese Finance Minister Shunichi Suzuki said the weak yen was increasing import costs and affecting the country's economy and prices. Suzuki reiterated that he would "watch the stock and foreign exchange markets carefully and closely." The pair, which closed at 161.67 the previous trading day, gained 0.01% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 70.88, while its momentum is at 101.23. In intraday downward movements, the 161.53 level can be followed. If this level is broken, the supports at 161.40 and 161.32 may become important. In possible increases, the resistance levels of 161.83 and 161.96 will be monitored. Support: 161.530 - 161,400 Resistance: 161.830 – 161.960
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.90. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.10 and 33.38, especially 32.98. Permanent movements above 33.38 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 32.98 – 33.10
The CPI for May, followed by the Fed Interest Rate Decision, FOMC Economic Projections and Fed Chair Powell's speech were announced as the most important developments of the week in the middle of the week, while the fact that the Classic Dollar Index did not react above 105.05 limited the declines in the EURUSD parity. On the other hand, despite the short-term declines in the GBPUSD, the absence of very sharp differences on the BoE front and the postponement of the interest rate cut timing together with the latest CPI data ensure that the Sterling remains strong. While it is expected that the critical developments in the middle of the week will affect most asset prices from A to Z, we can say that the second trading day of the week will be a calm data day except for the news flow regarding the UK employment market. The 1.0761 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0753 and 1.0747 may become important. In possible increases, 1.0774, 1.0780 and 1.0788 will be followed as resistance levels. Support: 1.0761 – 1.0753 Resistance: 1.0774 – 1.0780
The CPI for May, followed by the Fed Interest Rate Decision, FOMC Economic Projections and Fed Chair Powell's speech were announced as the most important developments of the week in the middle of the week, while the Classic Dollar Index did not react above 105.05, which limited the declines in the EURUSD parity. On the other hand, despite the short-term declines in the GBPUSD, the absence of very sharp differences on the BoE front and the postponement of the interest rate cut timing together with the latest CPI data ensure that the Sterling remains strong. While it is expected that the critical developments in the middle of the week will affect most asset prices from A to Z, we can say that the second trading day of the week will be a calm data day except for the news flow regarding the UK employment market. The 1.2722 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2708 and 1.2699 may become important. In possible increases, 1.2746, 1.2755 and 1.2769 will be followed as resistance levels. Support: 1.2722 – 1.2708 Resistance: 1.2746 – 1.2755
Japanese Finance Minister Shunichi Suzuki said on Tuesday that it was important to continue efforts to achieve fiscal health. The pair, which closed at 157.29 the previous trading day, gained 0.16% on the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 57.55, while its momentum is at 100.20. In intraday downward movements, the 157.05 level can be monitored. In the event of a drop below this level, the 156.81 and 156.66 supports may become important. In possible increases, the 157.44, 157.59 and 157.83 resistance levels will be monitored. Support: 157.050 - 156.810 Resistance: 157.440 - 157.590
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.34. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
With the effect of the US 10-year bond yield continuing to move around the 4.45% rate, the ounce of gold recorded an outlook that suppressed recoveries. The precious metal, which started the day at 2311, is trading around the 2299 level while the analysis is being prepared. The daily loss for the ounce of gold, which closed at 2,301.57 on the previous trading day, was 0.41%. The upward movement observed in the US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 44.03, while its momentum is at 98.51. The 2,304 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,309, 2,317 and 2,322 may become important. In possible pullbacks, 2,294, 2,290 and 2,282 will be monitored as support levels. Support: 2294 - 2290 Resistance: 2304 - 2309
Oil futures have given back some of their gains ahead of the OPEC monthly report to be released today. At the beginning of the week, the upward trend was followed by the optimism provided by the announcement that OPEC's decision to gradually lift the production cut was reversible. The Short-Term Energy Outlook (STEO) Report to be published by the US Energy Information Administration will also be followed today. As long as the pricing remains above the 76.50 - 77.00 support during the day, an upward outlook may be in the foreground. In possible increases, 78.00 and 78.50 levels may be targeted. In possible decreases, as long as the 76.50 - 77.00 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 76.50 and hourly closings for the continuation of the downward desire. In this case, the 76.00 and 75.50 levels may be on the agenda. Support: 77.00 - 76.50 Resistance: 78.00 - 78.50
Oil futures have given back some of their gains ahead of today's OPEC monthly report. At the beginning of the week, the uptrend was followed by optimism provided by OPEC's announcement that the decision to gradually lift the production cut was reversible. The Short-Term Energy Outlook (STEO) Report to be published by the US Energy Information Administration will also be followed today. Brent oil saw a high of 81.90 and a low of 79.34 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 3.19% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 49.69, while its momentum is at 100.87. The 81.05 level can be followed in intraday downward movements. If this level is broken, the supports at 80.19, 78.48 and 77.63 may become important. In possible increases, 82.75, 83.61 and 85.32 will be monitored as resistance levels. Support: 81.05 – 80.19 Resistance: 82.75 – 83.61
With the effect of the US 10-year bond interest continuing to move around the 4.45% rate, the NASDAQ100 index recorded an outlook that suppressed its upward movements. The index, which started the day at 19098, is trading around the 19087 level while the analysis is being prepared. The index, which started the day at 19040 and is trading around the 19060 level while the analysis is being prepared. When we technically examine the short-term pricing of the Nasdaq index futures contract, we are following the 18700 -18800 region for the index. As long as the index is above the 18800 level, positive expectations are at the forefront. In increases, the 19100 - 19200 levels can be followed as resistance. In decreases, the 18900 - 18800 levels can be followed as support. Support: 18900 - 18800 Resistance: 19100 - 19200
With the rise of the far-right in the European Parliament to the first party in France, Italy and Austria and the second party in Germany, along with the French President's (Macron) dissolution of parliament and the imminent early election, the European indices started the week negatively. The Dax40 carried the negative pricing reaction it exhibited during the day to the critical 18430 level and even fell below it a little, but since it did not create a permanent reaction, it created some signs of recovery. When we examine it technically, we are following the 18500 - 18600 region. For positive expectations, it can be expected that the index will move above the relevant region supported by the 20 -89 period exponential moving average. As long as the index moves below the relevant region, negative expectations are at the forefront. In declines, 18400 - 18300 can be followed as support. In increases, 18600 - 18700 levels can be followed as resistance points. Support: 18400 – 18300 Resistance: 18600 – 18700
BTCUSD could not prevent the selling wave that started in the evening after the recovery it made yesterday and slid down from the 70,000 band again and entered the 67,000 band. It is now possible to talk about a certain price for BTC. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $ 100,000 band will be close for BTC. On the technical side, after breaking the daily $ 70,000 band, the most important support level is $ 66,000 in open pullbacks up to $ 72,000, if the sell position continues from here, we can see a pullback up to $ 64,000. Support: 66,000 - 64,000 Resistance: 70,000 - 72,000
Following the profit sales seen yesterday, US natural gas futures showed an effort to recover above the 2.854 support and climbed above the averages again. At the beginning of the week, warm weather forecasts for the rest of June had been supportive for the price. As long as the prices remain above the 2.86 - 2.82 support supported by the 20 and 50-period exponential moving averages, an upward outlook may be at the forefront. In possible increases, 2.94 and 2.99 levels may be targeted. In possible decreases, the attitude of the 2.86 - 2.82 support may be monitored. A break of this support and hourly closings in the region may bring the 2.75 and 2.69 levels to our agenda. Support: 2.86 - 2.82 Resistance: 2.94 - 2.99
The Classic Dollar Index, despite the rise it started on Friday continuing on Monday, has not been able to remain above 105.05, and the 103.90 - 105.05 band that has been monitored for a while continues to occupy our agenda. The possibility of creating a reaction outside the band with the Fed is quite strong. For this reason, the level the index is at on Thursday morning after the Fed can be a reference for the answer to the question of whether 107 or 101.50 is on our agenda. The 104.960 level can be monitored in intraday downward movements. In case of falling below this level, the supports of 104.730 and 104.590 may become important. In possible increases, the resistance levels of 105.330 and 105.650 will be monitored. Support: 104.960-104.730 Resistance: 105.330-105.650
Fitch Ratings, an international credit rating agency, reported that French President Emmanuel Macron’s sudden election decision has increased uncertainty around the country’s path to fiscal consolidation and the prospects for further economic reforms. Fitch commented that the sudden election decision in France has increased uncertainty. In a statement made by Fitch, it was recalled that the president dissolved the National Assembly after the far-right National Rally Party (RN) received approximately 32 percent of the votes in the European Parliament (EP) elections, more than twice as many as Macron’s party Renaissance. The statement indicated that the snap decision would lead to early elections from June 30 to July 7, and that the election result would affect the scope of fiscal consolidation measures and increase difficulties in policy implementation. The statement emphasized that the sudden election call increased uncertainty about policy settings, and that “If no party wins an absolute majority, it is unclear what a possible coalition government would look like and how stable it would be.” It was pointed out that structural difficulties could hinder structural reforms It was stated that policy-making could become complicated if the president and prime minister were from opposing parties, and that it was unclear whether the RN’s strong performance in the EP elections would translate into a local legislative majority. However, it was noted in the statement that recent polls showed that the RN could emerge as the largest party, which could allow it to take a leading role in government for the first time. It was recalled in the statement that the RN did not present a detailed fiscal program, but advocated tax cuts and a more progressive tax system, and also called for measures to protect French companies from global competition. It was pointed out in the statement that political difficulties in the country could also hinder structural reforms.
We have entered the most critical day of June for global markets. While we will be following the US CPI data for May to see if the rigidity in inflation continues before the US session opens today, our main focus will undoubtedly be on the Fed Interest Rate Decision, FOMC Economic Projections and Fed Chairman Powell's speech. In particular, the interest rate outlook in the Dot Plot section and then the messages that Fed Chairman Powell will give regarding the interest rate policy in the upcoming period are expected to have an impact on most asset prices from A to Z. The daily loss for the parity, which closed at 1.0737 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 39.73, while its momentum is at 98.89. The 1.0744 level can be followed in intraday upward movements. If this level is exceeded, the 1.0750 and 1.0755 resistances may become important. In case of possible pullbacks, 1.0733, 1.0728 and 1.0722 will be monitored as support levels. Support: 1.0733 – 1.0728 Resistance: 1.0744 – 1.0750
We have entered the most critical day of June for global markets. Today, before the US session opens, we will follow the US CPI data for May to see if the rigidity in inflation continues, while our main focus will undoubtedly be on the Fed Interest Rate Decision, FOMC Economic Projections and Fed Chairman Powell's speech. In particular, the interest rate outlook in the Dot Plot section and then the messages that Fed Chairman Powell will give regarding the upcoming interest rate policy are expected to have an impact on most asset prices from A to Z. The daily loss for the parity, which closed at 1.2740 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 55.95, while its momentum is at 99.78. The 1.2733 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2725 and 1.2719 may become important. In possible increases, 1.2747, 1.2753 and 1.2761 will be monitored as resistance levels. Support: 1.2733 - 1.2725 Resistance: 1.2747 - 1.2753
It is observed that the parity is increasing due to the appreciation of the dollar. The upward movement observed in the dollar index supports the parity upward. The daily gain for the parity, which closed at 157.25 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is above its 20-day moving average, is at 57.38, while its momentum is at 100.24. The 157.19 level can be followed in intraday downward movements. In case of falling below this level, the supports at 157.11, 156.97 and 156.89 may become important. In possible increases, the resistance levels of 157.32, 157.40 and 157.54 will be monitored. Support: 157.110 - 156.970 Resistance: 157.320 - 157.400
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.34. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
In the middle of the week, despite the US 10-year bond yield falling towards 4.40%, ounce gold showed limited pricing. For the precious metal, which started the day at 2315 and was traded around 2313 while the analysis was being prepared; CPI data and Fed monetary policy statement can be followed during the day. For the ounce of gold, which closed at 2,313.63 on the previous trading day, the daily loss was 0.14%. The upward movement observed in US bond interest rates is pressuring ounce gold downward. While the RSI indicator for ounce gold, which is below its 20-day moving average, is at 45.85, its momentum is at 98.41. In intraday upward movements, the 2,317 level can be followed. If this level is exceeded, the 2,320 and 2,324 resistances may become important. In possible pullbacks, 2,310, 2,307 and 2,303 will be monitored as support levels. Support: 2310 - 2307 Resistance: 2317 - 2320
Oil futures maintained their upward outlook, supported by the American Petroleum Institute's announcement of a 2.4 million barrel decrease in stocks. As long as intraday prices remain above the 77.00 - 77.50 support, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. In possible decreases, as long as the 77.00 - 77.50 support remains current, new upside potential may occur. Therefore, it may be necessary to see the course below 77.00 and hourly closings for the continuation of the downward desire. In this case, 76.50 and 76.00 levels may come to the agenda. Support: 77.50 - 77.00 Resistance: 78.50 - 79.00
Oil futures maintained their upward trend, supported by the American Petroleum Institute's announcement of a 2.4 million barrel decrease in inventories. Brent oil saw a high of 82.15 and a low of 81.03 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.01% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 49.71, while its momentum is at 100.01. The 81.69 level can be followed in intraday downward movements. If this level is broken, supports at 81.24, 80.57 and 80.12 may become important. In possible increases, resistance levels at 82.82 and 83.48 will be monitored. Support: 81.69 - 81.24 Resistance: 82.82 - 83.48
In the middle of the week, the NASDAQ100 index reached new highs as the US 10-year bond yield fell to 4.40%. For the index, which started the day at 19239 and was priced around 19257 while the analysis was being prepared; CPI data and the Fed's monetary policy statement can be followed during the day. The NASDAQ100 index continues to move above the region supported by the indicators we follow. When we technically evaluate the short-term pricing of the index, as long as the 21 (19089) period exponential moving average currently supports the 19025 - 19100 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 19300 and 19400 levels. In the alternative view, permanent pricing below the 19025 - 19100 region may be needed for the downward trend to become dominant. Support: 19100 – 19025 Resistance: 19300 – 19400
We have entered the most critical day of June for global stock market indices. While we will be following the US CPI data for May to see if the rigidity in inflation continues before the US session opens today, our main focus is undoubtedly that the negative pricing reaction that the Fed Interest Rate Decision exhibited after reaching the peak of 19013 continues with the trend view and currently passes through the relevant trend area of 18765. In other words, even if the index rises to the relevant area, the outlook is still negative. However, the intermediate resistance area of 18575 is an important barrier to be followed in the short term in terms of whether we will see an increase towards the relevant area. A reaction purchase above 18575, and a downward break below 18575, especially below 18335, may mean the continuation of the trend rally. Support: 18335 – 18110 Resistance: 18575 – 18765
BTCUSD Monday After the recovery, it could not prevent the selling wave that started on Tuesday evening and slid down from the 70,000 band again and entered the 66,000 band. It is now possible to talk about a certain price for BTC. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $ 100,000 band will be close for BTC. On the technical side, after breaking the daily $ 70,000 band, the most important support level is $ 66,000 in open pullbacks up to $ 72,000, if the sell position continues from here, we can see a pullback to $ 64,000. Support: 66,000 - 64,000 Resistance: 70,000 - 72,000
US natural gas futures, despite being subject to profit taking after testing the 3.150 resistance, maintained their gains on a weekly basis. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.94-2.90 support, an upward outlook may be at the forefront. In possible increases, 3.125 and 3.150 levels can be targeted. In possible decreases, the attitude of the 2.94-2.90 support can be monitored. A break of this support and possible hourly closings in the region may bring the 2.86 and 2.82 levels to our agenda. Support: 2.94-2.90 Resistance: 3.12-3.15
Despite the rise that the Classic Dollar Index started on Friday, the 103.90 - 105.05 band that has been monitored for a while continues to occupy our agenda. The possibility of creating a reaction outside the band with the Fed is quite strong. For this reason, the level the index is at on Thursday morning after the Fed can be a reference for the answer to the question of whether 107 or 101.50 is on our agenda. The 104.960 level can be monitored in intraday downward movements. In case of falling below this level, the supports of 104.730 and 104.590 may become important. In possible increases, the 105.330 and 105.650 resistance levels will be monitored. Support: 104.960-104.730 Resistance: 105.330-105.650
The happiness observed in the markets with the below-expected US CPI data could not continue completely with the Fed decisions. In a process where we observe divergences among financial assets, although Fed Funds Futures pricing keeps the US Central Bank's idea of 2 interest rate cuts by the end of the year on the agenda together with the CPI, it was noteworthy that the FOMC Economic Projections revised the idea of 3 interest rate cuts by the end of the year to 1. However, despite this, the markets still insist on the idea of 2 interest rate cuts and especially the attitude in the US stock indices allows them to continue their movements with this idea. The 1.0813 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0823 and 1.0828 may become important. In possible pullbacks, 1.0799, 1.0794 and 1.0785 will be followed as support levels. . Support: 1.0799 – 1.0794 Resistance: 1.0813 – 1.0823
The happiness observed in the markets with the expected US CPI data could not continue completely with the Fed decisions. In a process where we observe divergences among financial assets, Fed Funds Futures pricings keep the US Central Bank's idea of 2 interest rate cuts by the end of the year on the agenda together with the CPI, but it was noteworthy that the FOMC Economic Projections revised the idea of 3 interest rate cuts for the end of the year to 1. However, despite this, the markets still insist on the idea of 2 interest rate cuts and especially the attitude in the US stock indices allows them to continue their movements with this idea. The daily loss for the parity, which closed at 1.2781 on the previous trading day, was 0.14%. The 1.2795 level can be followed in intraday upward movements. If this level is exceeded, the 1.2809 and 1.2817 resistances may become important. In possible pullbacks, 1.2765 and 1.2751 will be followed as support levels. Support: 1.2765 – 1.2751 Resistance: 1.2795 – 1.2809
The USD/JPY pair fell on Wednesday after the Fed's decision to keep interest rates unchanged, while the Fed officials showed a slight tightening trend as they revised the federal funds rate upwards. However, a colder than expected US inflation report put pressure on the Dollar after Fed Chair Jerome Powell's press conference. The pair was last seen trading at 157.16, down 0.55% for the day. The pair, which closed at 157.04 on the previous trading day, gained 0.22% for the day. The RSI indicator for the pair, which is above its 20-day moving average, is at 55.77, while its momentum is at 99.93. The 156.73 level can be followed in intraday downward movements. If this level is broken, the supports at 156.43 and 156.27 may become important. In possible increases, the resistance levels of 157.36 and 157.66 will be monitored. Support: 156.730 – 156.430 Resistance: 157.360 – 157.660
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.25. When we evaluate the USDTRY exchange rate in the short term, the 31.92 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.45, 32.57 and 32.70 levels can be observed. Permanent movements above 32.70 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.12 – 31.91 Resistance: 32.45 – 32.57
Following the US CPI's cooling than expected and the Fed's monetary policy statement; the recovery of the 10-year Treasury bond yield to 4.32% allowed the ounce of gold to be suppressed. For the precious metal, which started the day at 2324 and was traded around 2310 while the analysis was being prepared; PPI and unemployment benefit applications can be followed during the day. The daily loss for the ounce of gold, which closed at 2,311.18 on the previous trading day, was 0.59%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. While the RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 45.56, its momentum is at 97.86. The 2,318 level can be followed in intraday upward movements. If this level is exceeded, the 2,331 and 2,337 resistances may become important. In case of possible pullbacks, 2,304, 2,298 and 2,288 will be monitored as support levels. Support: 2304 - 2298 Resistance: 2318 - 2331
Although oil futures contracts declined yesterday after the US Energy Information Administration announced a 3.7 million barrel increase in stocks, the decline in question remained within the correction area after the gain experienced at the beginning of the week. The course of European and US stock exchanges can be followed during the day. As long as the pricing remains at and above the 77.50 - 78.00 support during the day, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels can be targeted. In possible decreases, as long as the 77.50 - 78.00 support remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 77.50 and hourly closings for the continuation of the downward desire. In this case, the 77.00 and 76.50 levels may come to the agenda. Support: 77.50 - 77.00 Resistance: 78.50 - 79.00
Although oil futures contracts declined yesterday after the US Energy Information Administration announced a 3.7 million barrel increase in stocks, the decline in question remained within the correction area after the gain experienced at the beginning of the week. The course of European and US stock exchanges can be followed during the day. Brent oil saw a highest level of 83.09 and a lowest level of 81.75 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.3% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 50.62, while its momentum is at 99.13. The 82.91 level can be followed in intraday upward movements. If this level is exceeded, the 83.67 and 84.25 resistances may become important. In possible pullbacks, 81.57, 80.99 and 80.22 will be monitored as support levels. Support: 81.57 - 80.99 Resistance: 82.91 - 83.67
Following the CPI in the US cooling down more than expected and the Fed's monetary policy statement; the 10-year treasury bond yield recovering to 4.32%, the NDX index reached new highs. For the index, which started the day at 19610 and was priced around 19590 while the analysis was being prepared; applications for PPI and unemployment benefits can be followed during the day. When we evaluate the short-term pricing of the NDX Index technically, as long as the 21 (19274) period exponential moving average currently supports the 19300 level, the positive trend can continue. If the upward demand continues, a movement area can be formed towards the 19700 and 19800 levels. Support Levels are the 19500 - 19400 range. Support: 19500 - 19400 Resistance: 19700 - 19800
Although the rise of far-right parties in the European Parliament and Macron's statement in favor of early elections in France put pressure on the index in the current environment of uncertainty, we observe that the index keeps the idea of reaction purchase in the main negative trend at the forefront by limiting its current declines to 18335. Since the relevant movement is a reaction, it is not possible to talk about a new increase yet. We will continue to follow the agenda items on whether the performance we will follow in the remaining days of the week will allow us to question the trend. FOR DAXEUR When we evaluate short-term pricing technically, as long as the 21 (19274) period exponential moving average currently supports the 18300 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18700 and 18800 levels. Support Levels are the 18500 - 18400 range. Support: 18500 - 18400 Resistance: 18700 - 18800
After BTCUSD came back to $70,000 level after the TUFE data yesterday, it was negatively affected by the FED interest rates announced in the evening and then the POWELL speeches and it had a $3000 sale and settled back around $67,000. It is now possible to talk about a certain price for BTC, it does not seem possible for the market to go below the $56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one, the current conjecture is almost 0% that the $100,000 band will be close for BTC. On the technical side, after breaking the daily $70,000 band, the most important support level is $66,000 in open pullbacks up to $72,000, if the sell position continues from here, we can see a pullback up to $64,000. Support: 66,000 - 64,000 Resistance: 70,000 - 72,000
While the US natural gas futures contract shows profit taking after the rising marathon caused by the expected heat wave in the country, this situation caused us to see prices below short-term averages. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 2.84 - 2.80 support, the upward view may be in the foreground. In possible increases, 3.02 and 3.08 levels can be targeted. In possible decreases, the attitude of the 2.84 - 2.80 support can be followed. The breakdown of this support and hourly closings in the region may bring the 2.76 and 2.72 levels to our agenda. Support: 2.84 - 2.80 Resistance: 3.02 - 3.08
The Classic Dollar Index, on the other hand, did not provide a clear view of direction with its fluctuations between 105.05 and 103.90 during the day. For this reason, the 103.90-105.05 band area continues to occupy our agenda. Especially on the EURUSD side, when we consider the 1.08 level as the control point, the 1.12 level as the upper band, and the 1.05 level as the lower band, permanent movements outside the band area we base on the index side can be followed in terms of which region it can move to... The 104,660 level can be followed in downward movements during the day. In case of falling below this level, the supports of 104,530 and 104,390 may become important. In possible increases, the 105,030 and 105,150 will be monitored as resistance levels. Support: 104,660-104,530 Resistance: 105,030-105,150
We have started a week where we will leave the second quarter of the year behind. In light of recent developments, the expectation of interest rate cuts in September and December meetings of the US Federal Reserve and European Central Bank ECB, and in August and December meetings of the BoE, are within the pricing area in the swap market. We will follow the macro-economic indicators and statements from central bank officials on the front of issues that will support or change this idea. The daily gain for the parity, which closed at 1.0694 on the previous trading day, was 0.00%. The RSI indicator for the parity, which is below its 20-day moving average, is at 39.13, while its momentum is at 98.19. The 1.0687 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0679 and 1.0675 may become important. In possible increases, 1.0703 and 1.0710 will be followed as resistance levels. Support: 1.0687 – 1.0679 Resistance: 1.0703 – 1.0710
We have started a week where we will leave the second quarter of the year behind. In light of recent developments, the expectation of interest rate cuts in September and December meetings of the US Federal Reserve and European Central Bank ECB, and in August and December meetings of the BoE, are within the pricing area in the swap market. We will follow the macro-economic indicators and statements from central bank officials on the front of issues that will support or change this idea. The daily gain for the parity, which closed at 1.2644 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 43.37, while its momentum is at 98.86. The 1.2635 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.2627 and 1.2621 may become important. In possible increases, 1.2655 and 1.2663 will be followed as resistance levels. Support: 1.2635 – 1.2627 Resistance: 1.2655 – 1.2663
The USD/JPY pair remained on the slightly buying side after Japanese Finance Minister Shunichi Suzuki said on Monday that "it is desirable for currencies to move in a stable manner reflecting the fundamentals." The daily gain for the pair, which closed at 159.71 on the previous trading day, was 0.01%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 69.48, while its momentum is at 102.64. 159. 88 can be followed in intraday upward movements. If this level is exceeded, the resistances of 160.05 and 160.18 may become important. In possible pullbacks, 159.58, 159.45 and 159.28 will be monitored as support levels. Support: 159.580 - 159.450 Resistance: 159.880 - 160.050
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.75. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 32.98, 33.10 and 33.38 levels can be observed. Permanent movements above 33.38 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 32.98 – 33.10
On the first trading day of the week; the limited movement of the US 10-year Treasury bond yield by 4.25% left room for the ounce of gold to limit its pullbacks. For the precious metal, which opened the day at 2023.80 and was priced around 2024.98 while the analysis was being prepared; FOMC member Waller's speech can be followed during the day. As long as it remains above 2,323.03, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,324.63 on the previous trading day, was 0.17%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.33, while its momentum is at 97.80. The 2,319 level can be followed in intraday downward movements. If this level is exceeded, the 2,314 and 2,310 supports may become important. In possible increases, 2,332 and 2,337 will be monitored as resistance levels. . Support: 2319 - 2314 Resistance: 2332 - 2337
While oil futures have been drawing attention with their rising marathon for a while, the losses seen since Friday have the potential to be limited for now with the increase in attacks on ships in the Red Sea from Yemen. The course of European and US stock exchanges can be followed during the day. As long as the prices remain at and above the 80.00 - 79.50 support during the day, an upward outlook may be at the forefront. In possible increases, the 81.00 and 81.50 levels can be targeted. In possible decreases, as long as the 80.00 - 79.50 support remains current, new upward potential may occur. Therefore, it may be necessary to see the course below 80.00 and 4-hour closings for the continuation of the downward desire. In this case, the 79.00 and 78.50 levels may come to the agenda. Support: 80.00 - 79.50 Resistance: 81.00 - 81.50
While oil futures have been drawing attention with their rising marathon for a while, the losses seen since Friday have the potential to be limited for now with the increase in attacks on ships in the Red Sea from Yemen. The course of European and US stock exchanges can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 85.39 and a low of 84.05 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.68% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 57.25, while its momentum is at 107.45. The 85.59 level can be followed in intraday upward movements. If this level is exceeded, the 86.13, 86.93 resistances may become important. In possible pullbacks, 84.78, 84.25 and 82.44 will be monitored as support levels. Support: 84.78 – 84.25 Resistance: 85.59 – 86.13
On the first trading day of the week; the limited movement of the US 10-year treasury bond yield at 4.25% allowed the NDXUSD index to be priced limited. For the Index, which started the day at 19710 and was priced around 19720 while the analysis was being prepared; FOMC member Waller's speech can be followed during the day. When we evaluate it technically, as long as the 21 (19790) period exponential moving average currently supports the 19610 - 19505 region, the positive trend may continue. If the upward trend continues, a movement area may form towards the 19880 and 19990 levels. In the alternative view, permanent pricing may be needed below the 19610 - 19505 region for the downward trend to become dominant. In this case, movements towards the 19450 and 19310 levels can be monitored. Support: 19610 – 19505 Resistance: 19880 – 19990
Although the DAXEUR index, which we have been monitoring with pressure up to 17965 levels due to the uncertainty themed on the European Parliament, has made a significant recovery from the relevant region, there has been no change in expectations regarding the main negative outlook. We will be following the current developments in the new period regarding whether France's exit from the European Union, which is similar to the Brexit situation experienced in England, will occupy our agenda with the Frexit theme. When we evaluate the short-term pricings for DAXEUR technically, as long as the 21 (18274) period exponential moving average currently supports the 18150 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18440 levels. Support Levels are the 18150 - 18070 range. Support: 18150 - 18070 Resistance: 18350 - 18440
After leaving a week full of sales for BTCUSD, we started the new week with sales. We can say that the purchases are still high in the BTC parity that came out of the Correction Movement. It is now possible to talk about a certain price for BTC, which was around $ 62,500 while the analysis was being prepared. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture is that the probability of the $ 100,000 band being close to $ 0 for BTC seems almost 0%. On the technical side, after breaking the daily $ 63,900 band, the most important support level is $ 60,500 in open pullbacks up to $ 65,630, if the sell position continues from here, we can see a pullback to $ 59,200. Support: 63,900 - 65,630 Resistance: 60,500 - 59,200
US natural gas futures experienced losses last week due to expectations that production would increase and tropical storm season would lower air temperatures. Limited gains were observed in the first transactions after the contract change in the new week. The course of European and US stock exchanges can be followed during the day. The course of European and US stock exchanges can be followed during the day. As long as the prices remain above the 2.62 - 2.58 support, the upward view may be in the foreground. In possible increases, 2.74 and 2.82 levels can be targeted. In possible decreases, the attitude of the 2.62 - 2.58 support can be followed. A break of this support and hourly closings in the region may bring the 2.52 and 2.44 levels to our agenda. Support: 2.62 - 2.58 Resistance: 2.74 - 2.82
After breaking free from the band movement between 105.05 - 103.90, the Classic Dollar Index continues its optimistic pricing reaction on the 34 and 100-day exponential moving averages (104.45 - 104.78 region). This idea keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda. EURUSD and GBPUSD parities are also following a suppressed process due to this attitude in the index. The 105.510 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.330 and 105.190 may become important. In possible increases, 105.930 and 106.150 will be monitored as resistance levels. Support: 105.510-105.330 Resistance: 105.930-106.150
Although the Fed shares the expectation of 1 interest rate cut by the end of the year within the Economic Projection, the fact that 8 members are positive about 2 cuts is currently occupying our agenda as an excuse for the markets to expect 2 interest rate cuts (September and December). While the inflation indicator on one hand and the changes in the employment market on the other hand clarify the timing of possible actions on the Fed side, the messages that the Fed officials will give regarding the process will also be followed carefully in terms of guiding the markets. The daily gain for the parity, which closed at 1.0737 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 45.33, while its momentum is at 99.40. The 1.0731 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0725 and 1.0720 may become important. In possible increases, 1.0747 and 1.0753 will be followed as resistance levels. Support: 1.0731 – 1.0725 Resistance: 1.0747 – 1.0753
Although the Fed shares the expectation of 1 interest rate cut by the end of the year within the Economic Projection, the fact that 8 members are positive about 2 cuts is currently occupying our agenda as an excuse for the markets to expect 2 interest rate cuts (September and December). While the inflation indicator on one hand and the changes in the employment market on the other hand clarify the timing of possible actions on the Fed side, the messages that the Fed officials will give regarding the process will also be followed carefully in terms of guiding the markets. The daily gain for the parity, which closed at 1.2691 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 49.29, while its momentum is at 99.76. The 1.2681 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.2670 and 1.2662 may become important. In possible increases, 1.2708 and 1.2719 will be followed as resistance levels. Support: 1.2681 – 1.2670 Resistance: 1.2708 – 1.2719
For the USD/JPY pair, Japanese Chief Cabinet Secretary Yoshimasa Hayashi stated yesterday that excessive foreign exchange (FX) volatility was an undesirable situation and said that he would closely monitor the exchange rate movements and take the necessary steps if necessary. After this statement, the YEN side gained some strength. The daily loss for the pair, which closed at 159.47 on the previous trading day, was 0.08%. The RSI indicator for the pair, which is above its 20-day moving average, is at 67.13, while its momentum is at 101.72. The 159.20 level can be followed in intraday downward movements. If this level is dropped below, the supports of 158.94 and 158.69 may become important. In possible increases, 159.72, 159.97 and 160.23 will be followed as resistance levels. Support: 159,200 – 158,690 Resistance: 159,720 – 159,970
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.92. When we evaluate the USDTRY exchange rate in the short term, the 32.22 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.10 and 33.38, especially 32.98. Permanent movements above 33.38 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 32.98 – 33.10
The decline in the US 10-year Treasury yield to 4.23% supported the ounce of gold to limit its declines. For the precious metal, which started the day at 2333 and was traded around 2329 while the analysis was being prepared; Conference Board consumer confidence and Richmond Fed manufacturing index can be followed during the day. As long as it remains below 2,328.00, we can see downward easing. The daily loss for the ounce of gold, which closed at 2,326.81 on the previous trading day, was 0.32%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. While the RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.69, its momentum is at 101.43. The 2,333 level can be followed in intraday upward movements. If this level is exceeded, the 2,339 and 2,344 resistances may become important. In case of possible pullbacks, 2,321, 2,316 and 2,310 will be monitored as support levels. Support: 2321 - 2316 Resistance: 2333 - 2339
In addition to the attacks on ships in the Red Sea from Yemen, Russia's accusation of the US after the missile attack on Crimea increased the perception of geopolitical risk and was effective in the continuation of oil price gains. The course of European and US stock markets can be followed during the day. The stock figures to be announced by the American Petroleum Institute will be monitored tonight. As long as the prices remain at and above the 80.50 - 81.00 support level during the day, an upward trend may be at the forefront. In possible increases, the 82.00 and 82.50 levels can be targeted. In possible decreases, as long as the 80.50 - 81.00 support level remains current, new increase potential may occur. Therefore, it may be necessary to see the course below 80.50 and 4-hour closings for the continuation of the downward desire. In this case, the 80.00 and 79.50 levels may be on the agenda. Support: 81.00 - 80.50 Resistance: 82.00 - 82.50
In addition to the attacks on ships in the Red Sea from Yemen, Russia's accusation of the US after the missile attack on Crimea increased the perception of geopolitical risk and was effective in the oil prices continuing their gains. The course of the European and US stock markets can be followed during the day. The stock figures to be announced by the American Petroleum Institute will be followed tonight. In general, an upward trend is seen. Brent oil saw a high of 86.32 and a low of 84.97 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 1.13% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 60.77, while its momentum is at 106.86. The 85.85 level can be followed in intraday downward movements. In case of falling below this level, the supports of 85.39, 84.50 and 84.04 may become important. In possible increases, 86.74, 87.21 and 88.10 will be monitored as resistance levels. Support: 85.85 - 85.39 Resistance: 86.74 - 87.21
The decline in the US 10-year treasury bond yield towards 4.23% supported the NDXUSD index to limit the decline demand. For the index, which started the day at 19516 and was priced around 19540 during the analysis preparation; Conference Board consumer confidence and Richmond Fed manufacturing index can be followed during the day. Technically speaking, as long as the 21 (19590) period exponential moving average currently supports the 19440 - 19335 region, the positive trend can continue. If the upward demand continues, a movement area can be formed towards the 19630 and 19760 levels. In the alternative view, permanent pricing may be needed below the 19440 - 19335 region for the downward trend to become dominant. In this case, movements towards the 19250 and 19110 levels can be monitored. Support: 19440 – 19335 Resistance: 19630 – 19760
Although the DAXEUR index, which we have been monitoring with pressure up to 17965 levels due to the uncertainty themed on the European Parliament, has made a significant recovery from the relevant region, there has been no change in expectations regarding the main negative outlook. We will be following the current developments in the new period regarding whether France's exit from the European Union, which is similar to the Brexit situation experienced in England, will occupy our agenda with the Frexit theme. When we evaluate the short-term pricings for DAXEUR technically, as long as the 21 (18274) period exponential moving average currently supports the 18150 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18440 levels. Support Levels are the 18150 - 18070 range. Support: 18150 - 18070 Resistance: 18350 - 18440
After leaving a week full of sales for BTCUSD, we started the new week with sales. After the pullback seen to the $ 58000 Band yesterday, BTC broke back to the $ 61600 level with the purchases made at night. It is now possible to talk about a certain price for BTC, which was around $ 61010 while the analysis was being prepared. It does not seem possible for the market to go below the $ 56000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture is that the probability of the $ 100,000 band being close to $ 0 for BTC seems almost 0%. On the technical side, after breaking the daily $ 62500 band, the most important support level is $ 59100 in open pullbacks up to $ 64230, if the selling position continues from here, we can see a pullback to $ 56630. Support: 59100 – 56630 Resistance: 62500 – 64200
U.S. natural gas futures saw some profit taking in the Asian session after consolidating gains as markets shifted focus from strong production levels to cooling demand. Demand is expected to increase due to warmer weather conditions, especially in the southern U.S. The course of European and U.S. stock markets can be monitored during the day. As long as prices remain above the 2.72-2.68 support, an upward trend may be at the forefront. In potential increases, 2.84 and 2.92 levels can be targeted. In potential decreases, the stance of the 2.72-2.68 support can be monitored. A break of this support and possible hourly closings in the region could bring the 2.62 and 2.54 levels to our agenda. Support: 2.72-2.68 Resistance: 2.84-2.92
The losses in the Classic Dollar Index on the first trading day of the week caused a positive pricing reaction for EURUSD and GBPUSD pairs. However, despite the losses in the index, the expectation of a positive outlook on the 34 and 100-day exponential moving averages (104.45 - 104.78 region) continues. This still keeps the idea of a possible journey towards the October 3, 2023 peak, the 107 peak, on the agenda. In the short-term outlook, persistence above 105.55 may also be a confirmation for the journey towards the relevant target. The 105.210 level can be followed in intraday downward movements. In case of falling below this level, the supports of 105.030 and 104.890 may become important. In possible increases, 105,630 and 105,850 will be monitored as resistance levels. Support: 105,210-105,030 Resistance: 105,630-105,850
Within the Economic Projection, the Fed shares the expectation of 1 interest rate cut by the end of the year, but the fact that 8 members are positive about 2 cuts is currently occupying our agenda as an excuse for the markets to expect 2 interest rate cuts (September and December). While the inflation indicator on one hand and the changes in the employment market on the other hand clarify the timing of possible actions on the Fed side, the messages that the Fed officials will give regarding the process will also be followed carefully in terms of guiding the markets. The daily loss for the parity, which closed at 1.0710 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 42.39, while its momentum is at 99.50. The 1.0696 level can be followed in intraday downward movements. If this level is dropped, the supports of 1.0682 and 1.0671 may become important. In possible increases, 1.0722, 1.0733 and 1.0747 will be followed as resistance levels. Support: 1.0696 – 1.0682 Resistance: 1.0722 – 1.0733
Although the Fed shares the expectation of 1 interest rate cut by the end of the year within the Economic Projection, the fact that 8 members are positive about 2 cuts is currently occupying our agenda as an excuse for the markets to expect 2 interest rate cuts (September and December). While the inflation indicator on one hand and the changes in the employment market on the other hand clarify the timing of possible actions on the Fed side, the messages that the Fed officials will give regarding the process will also be followed carefully in terms of guiding the markets. The daily gain for the parity that closed at 1.2691 on the previous trading day was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 48.52, while its momentum is at 99.64. The 1.2692 level can be followed in intraday upward movements. If this level is exceeded, the 1.2700 and 1.2706 resistances may become important. In possible pullbacks, 1.2678, 1.2672 and 1.2664 will be followed as support levels. Support: 1.2678 – 1.2672 Resistance: 1.2692 – 1.2700
For the USD/JPY pair, Japanese Chief Cabinet Secretary Yoshimasa Hayashi stated this morning that excessive foreign exchange (FX) volatility was an undesirable situation and said that he would closely monitor the exchange rate movements and take the necessary steps if necessary. After this statement, the YEN side gained some strength. The daily gain for the pair, which closed at 159.77 on the previous trading day, was 0.04%. The RSI indicator for the pair, which is above its 20-day moving average, is at 69.31, while its momentum is at 101.74. The 159.62 level can be followed in intraday downward movements. If this level is dropped, the 159.47 and 159.33 supports may become important. In possible increases, 159.91, 160.05 and 160.19 will be followed as resistance levels. Support: 159.620 – 159.470 Resistance: 159.910 – 160.050
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.97. When we evaluate the USDTRY exchange rate in the short term, the 32.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 33.08 – 33.20
The decline in the US 10-year Treasury yield towards 4.23% supported the ounce of gold to limit its declines. For the precious metal, which started the day at 2333 and was traded around 2329 while the analysis was being prepared; New Home Sales can be followed during the day. As long as it remains below 2,316.96, we can see downward relaxations. The daily loss for the ounce of gold, which closed at 2,316.47 on the previous trading day, was 0.13%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 46.94, while its momentum is at 100.23. The 2,323 level can be followed in intraday upward movements. If this level is exceeded, the 2,330 and 2,336 resistances may become important. In case of possible pullbacks, 2,310, 2,303 and 2,297 will be monitored as support levels. Support: 2310 - 2303 Resistance: 2323 - 2330
In addition to the attacks on ships in the Red Sea from Yemen, Russia's accusation of the US after the missile attack on Crimea increased the perception of geopolitical risk and was effective in the continuation of oil price gains. Crude Oil stock figures will be monitored during the day. An upward trend is dominant on the WTI side. WTI oil saw its highest level of 81.67 and its lowest level of 80.35 on the previous trading day. The 81.86 level can be monitored in intraday upward movements. If this level is exceeded, the resistances of 82.38, 83.18 and 32.70 may become important. In possible pullbacks, the support levels of 81.06, 80.54 and 79.74 will be monitored. Support: 81.06 - 80.54 Resistance: 81.86 - 82.38
In addition to the attacks on ships in the Red Sea from Yemen, Russia's accusation of the US after the missile attack on Crimea increased the perception of geopolitical risk and was effective in oil prices continuing their gains. Crude Oil stock figures will be monitored during the day. In general, an upward trend is seen. Brent oil saw a high of 85.38 and a low of 83.96 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.33% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 54.98, while its momentum is at 106.02. The 85.83 level can be followed in intraday upward movements. If this level is exceeded, the 86.33 and 86.95 resistances may become important. In possible pullbacks, 84.61, 84.08 and 83.19 will be monitored as support levels. Support: 84.61 – 84.08 Resistance: 85.83 – 86.33
The decline in the US 10-year treasury bond yield to 4.23%, and the rise of N and NVDIA above 6% again supported the rise of the NDXUSD index. For the Index, which started the day at 19716 and was priced around 19750 while the analysis was being prepared; New Home Sales can be followed during the day. When we evaluate technically, as long as the 21 (19590) period exponential moving average currently supports the 19640 - 19535 region, the positive trend can continue. If the upward trend continues, a movement area can be formed towards the 19830 and 19960 levels. In the alternative view, permanent pricing may be needed below the 19640 - 19535 region for the downward trend to become dominant. In this case, movements towards the 19450 and 19310 levels can be monitored. Support: 19640 – 19535 Resistance: 19830 – 19960
Although the DAXEUR index, which we have been monitoring with pressure up to 17965 levels due to the uncertainty themed on the European Parliament, has made a significant recovery from the relevant region, there has been no change in expectations regarding the main negative outlook. We will be following the current developments in the new period regarding whether France's exit from the European Union, which is similar to the Brexit situation experienced in England, will occupy our agenda with the Frexit theme. When we evaluate the short-term pricings for DAXEUR technically, as long as the 21 (18274) period exponential moving average currently supports the 18150 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18440 levels. Support Levels are the 18150 - 18070 range. Support: 18150 - 18070 Resistance: 18350 - 18440
After leaving a week full of sales for BTCUSD, we started the new week with sales. After the pullback seen to the $ 58385 band yesterday morning, BTC came back to the $ 62500 level by keeping up with the rise in Nasdaq. It is now possible to talk about a certain price for BTC, which was around $ 61650 while the analysis was being prepared. It does not seem very possible for the market to go below the $ 56000 bottom level, but it will not seem very possible to talk about a bull run like the previous one. The current conjecture seems almost 0% that the $ 100,000 band will be close for BTC. On the technical side, after breaking the daily $ 62500 band, the most important support level is $ 60600 in open pullbacks up to $ 64230, if the selling position continues from here, we can see a pullback to $ 59330. Support: 60600 – 59330 Resistance: 62500 – 64200
U.S. natural gas futures saw some profit taking in the Asian session after consolidating gains as markets shifted focus from strong production levels to cooling demand. Demand is expected to increase due to warmer weather conditions, especially in the southern U.S. The course of European and U.S. stock markets can be monitored during the day. As long as prices remain above the 2.66-2.60 support, an upward trend may be at the forefront. In possible increases, the 2.76 and 2.82 levels can be targeted. In possible decreases, the stance of the 2.66-2.60 support can be monitored. A break of this support and possible hourly closings in the region could bring the 2.52 and 2.44 levels to our agenda. Support: 2.66-2.60 Resistance: 2.76-2.82
On the first trading day of the week, the losses in the Classic Dollar Index caused a positive pricing reaction for the EURUSD and GBPUSD pairs. However, despite the losses in the index, the expectation of a positive outlook on the 34 and 100-day exponential moving averages (104.45 - 104.78 region) continues. This still keeps the idea of a possible journey towards the October 3, 2023 peak of 107 on the agenda. In the short-term outlook, persistence above 105.55 may also be a confirmation for the journey towards the relevant target. The 105.510 level can be followed in intraday downward movements. If this level is dropped, the supports of 105.230 and 104.890 may become important. In possible increases, 105,930 and 106,150 will be monitored as resistance levels. Support: 105,510-105,230 Resistance: 105,930-106,150
The Classic Dollar Index continues to remain in the optimistic region despite the losses it recorded at the beginning of the week. This attitude supports the continuation of the main negative outlook for EURUSD and GBPUSD pairs. With the Growth data from the US today and especially the PCE Inflation data tomorrow, the levels at which both the index and the pairs will close the week are important, and with the PCE data, where speculations about the Fed's interest rate cut will increase, an instant significant pricing change can be monitored. The daily gain for the pair, which closed at 1.0693 on the previous trading day, was 0.12%. The RSI indicator for the pair, which is below its 20-day moving average, is at 41.29, while its momentum is at 99.56. The 1.0682 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0670 and 1.0662 may become important. In possible increases, the resistance levels of 1.0708 and 1.0720 will be monitored. . Support: 1.0682 – 1.0670 Resistance: 1.0708 – 1.0720
The Classic Dollar Index continues to remain in the optimistic region despite the losses it recorded at the beginning of the week. This attitude supports the continuation of the main negative outlook for EURUSD and GBPUSD pairs. With the Growth data from the US today and especially the PCE Inflation data tomorrow, the levels at which both the index and the pairs will close the week are important, and with the PCE data, where speculations about a Fed rate cut will increase, an instant significant pricing change can be monitored. The daily gain for the pair, which closed at 1.2632 on the previous trading day, was 0.09%. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 43.19, while its momentum is at 99.15. The 1.2618 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.2603 and 1.2595 may become important. In possible increases, 1.2649 and 1.2664 will be monitored as resistance levels. Support: 1.2618 – 1.2603 Resistance: 1.2649 – 1.2664
The USD/JPY pair rose to its highest level in the last 10 years with the increase it made yesterday. We are following whether the Central Bank will intervene. In the meantime, the Bank of Japan still remains uncertain about when, how and whether it will cut its debt purchase program. The daily loss for the pair, which closed at 160.36 on the previous trading day, was 0.27%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 69.16, while its momentum is at 102.06. The 160.68 level can be followed in intraday upward movements. If this level is exceeded, the 160.99 and 161.18 resistances may become important. In possible pullbacks, 160.18, 159.99 and 159.68 will be monitored as support levels. Support: 160.180 - 159.990 Resistance: 160.680 - 160.990
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.81. When we evaluate the USDTRY exchange rate in the short term, the 32.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 33.08 – 33.20
Despite the US 10-year Treasury yield rising above 4.33%, the ounce of gold displayed a view that limited its declines. For the precious metal, which started the day at 2298 and was traded around 2299 while the analysis was being prepared; growth rate and deflator, unemployment benefit applications, durable goods orders and pending housing sales can be followed during the day. The daily gain for the ounce of gold, which closed at 2,299.70 on the previous trading day, was 0.07%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 44.30, while its momentum is at 99.26. The 2,292 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,288 and 2,2280 may become important. In possible increases, 2,304 and 2,309 will be monitored as resistance levels. Support: 2292 - 2288 Resistance: 2304 - 2309
Oil futures are stuck in the area where averages are concentrated with gradual declines. The US Energy Information Administration's announcement of a 3.6 million barrel increase in crude oil stocks was effective in this picture. The course of European and US stock exchanges and US growth data can be followed during the day. Pricing outside the 80.50 - 81.00 region and 4-hour closings during the day can clarify the search for direction. The desire for an increase can come to the fore with a course above 81.00 and 4-hour closings. In this case, 81.50 and 82.00 levels can be targeted. For the continuation of the declines, the attitude of the 80.50 support can be followed. The breakdown of this support and 4-hour closings that may occur in the region can bring the 80.00 and 79.50 levels to our agenda. Support: 80.00 - 79.50 Resistance: 81.50 - 82.00
Oil futures are stuck in the area where averages are concentrated with gradual declines. The US Energy Information Administration's announcement of a 3.6 million barrel increase in crude oil stocks was effective in this table. The course of European and US stock exchanges and US growth data can be followed during the day. In general, an upward trend is seen. Brent oil saw a high of 86.00 and a low of 84.70 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.31% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 56.02, while its momentum is at 103.06. The 84.37 level can be followed in intraday downward movements. If this level is dropped, the supports of 83.74, 83.08 and 82.45 may become important. In possible increases, 85.67 and 86.33 will be monitored as resistance levels. Support: 84.37 – 83.74 Resistance: 85.67 – 86.33
We have observed a selling midweek in global stock market indices. Although the Italian and Euro Stoxx indexes managed to remain positive on a weekly basis, we observe that other European indices continue to have a negative outlook. The Dax, on the other hand, continues to move in the midst of political uncertainty, in the buyer-seller struggle, remaining slightly below the initial level (-0.05%). The indicators we will follow on the macro front today and tomorrow are important for the answer to the question of whether the reaction processes in global stock market indices are complete or not. When we evaluate, as long as the 21 (18274) period exponential moving average currently supports the 18050 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18250 and 18340 levels. Support Levels are the 18050 - 17970 range. Support: 18050 - 19970 Resistance: 18250 - 18340
We started the new week with sales for BTCUSD. After a day of mostly sales on Monday, we saw a recovery on Tuesday. Yesterday, BTC, which was moving sideways, is again in a sales-heavy view this morning. Analysis: It is now possible to talk about a certain price for BTC, which was around $ 60,800 when it was prepared. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture is that the probability of the $ 100,000 band being close to $ 0 for BTC seems almost 0%. On the technical side, after breaking the daily $ 61,500 band, the most important support level is $ 59,600 in open pullbacks up to $ 63,230. If the sell position continues from here, we can see a pullback to $ 57,330. Support: 59,600 - 57,330 Resistance: 61,500 - 63,230
We started the new week with sales for BTCUSD. After a day of mostly sales on Monday, we saw a recovery on Tuesday. Yesterday, BTC, which was moving sideways, is again in a sales-heavy view this morning. Analysis: It is now possible to talk about a certain price for BTC, which was around $ 60,800 when it was prepared. It does not seem possible for the market to go below the $ 56,000 bottom level, but it will not seem possible to talk about a bull run like the previous one. The current conjecture is that the probability of the $ 100,000 band being close to $ 0 for BTC seems almost 0%. On the technical side, after breaking the daily $ 61,500 band, the most important support level is $ 59,600 in open pullbacks up to $ 63,230. If the sell position continues from here, we can see a pullback to $ 57,330. Support: 59,600 - 57,330 Resistance: 61,500 - 63,230
The US natural gas futures contract saw its lowest levels since the maturity change with the decrease it realized as of yesterday and achieved some recovery in the Asian session. Weaker demand and increased production expectations were also effective in the upcoming period for the continuation of the decrease. Therefore, the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 2.56 - 2.50 support, the upward view may be in the foreground. In possible increases, 2.66 and 2.72 levels can be targeted. In possible decreases, the attitude of the 2.56 - 2.50 support can be followed. The breaking of this support and hourly closings that may occur in the region may bring the 2.42 and 2.34 levels to our agenda. Support: 2.56 - 2.50 Resistance: 2.66 - 2.72
The Classic Dollar Index continues to remain in the optimistic zone despite the losses it recorded at the beginning of the week. With the Growth data from the US today and especially the PCE Inflation data tomorrow, the levels at which both the index and the parities will close the week are important, and with the PCE data, where speculations about the Fed's interest rate cut will increase, an instant significant pricing change can be monitored. From a technical perspective, the positive outlook expectation on the 34 and 100-day exponential moving averages (104.51 - 104.90 region) continues. This still keeps the idea of a possible journey towards the October 3, 2023 peak, the 107 peak on the agenda. The 105.610 level can be followed in intraday downward movements. If this level is dropped, the 105.330 and 104.990 supports may become important. In possible increases, 106,130 and 106,350 will be monitored as resistance levels. Support: 105.610-105,330 Resistance: 106,130-106,350
When we focus on this week, PMI on the Growth front, Non-Farm Employment on the Employment front, Fed and ECB Meeting Minutes on the Central Bank front and the speeches of Fed and ECB Presidents can be explained as our main focus. When we focus on today, ECB President Lagarde's speech from the Euro Zone, CPI and Manufacturing PMI from Germany, ISM Manufacturing PMI from the US can be followed due to possible price effects. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.0753 on the previous trading day, was 0.36%. The RSI indicator for the parity, which is above its 20-day moving average, is at 49.60, while its momentum is at 100.15. The 1.0737 level can be followed in intraday downward movements. If this level is dropped, the 1.0720 and 1.0708 supports may become important. In possible increases, 1.0778 and 1.0794 will be monitored as resistance levels. Support: 1.0737 – 1.0720 Resistance: 1.0778 – 1.0794
When we focus on this week, PMI on the Growth front, Nonfarm Payrolls on the Employment front, Fed and ECB Meeting Minutes on the Central Bank front and the speeches of Fed and ECB Presidents can be explained as our main focus. When we focus on today, ECB President Lagarde's speech from the Euro Zone, CPI and Manufacturing PMI from Germany, ISM Manufacturing PMI from the US can be followed due to possible price effects. The daily gain for the parity, which closed at 1.2655 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 46.30, while its momentum is at 99.17. The 1.2666 level can be followed in intraday upward movements. If this level is exceeded, the 1.2676 and 1.2686 resistances may become important. In possible pullbacks, 1.2645, 1.2635 and 1.2625 will be monitored as support levels. Support: 1.2645 – 1.2635 Resistance: 1.2666 – 1.2676
The USD/JPY pair, with the rise it made this morning, exceeded the 161 level and rose to its highest level in the last 10 years. We are following whether the Central Bank will intervene. In the meantime, the Bank of Japan still remains uncertain about when, how and whether it will cut its debt purchase program. The daily gain for the pair, which closed at 161.07 on the previous trading day, was 0.12%. The RSI indicator for the exchange rate, which is above its 20-day moving average, is at 74.60, while its momentum is at 102.57. The 160.81 level can be followed in intraday downward movements. If this level is dropped, the supports at 160.55 and 160.36 may become important. In possible increases, the resistance levels of 161.26, 161.45 and 161.71 will be monitored. Support: 160.810 – 160.550 Resistance: 161.260 – 161.450
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.66. When we evaluate the USDTRY exchange rate in the short term, the 32.52 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.52 – 32.31 Resistance: 33.08 – 33.20
On the first trading day of July; Despite the decline in the US 10-year Treasury bond and the Dollar Index, ounce gold showed some pullback. ISM manufacturing PMI and PMI prices can be followed for the precious metal during the day. As long as it remains below the 2,324 level, we can see downward relaxations. The daily loss for ounce gold, which closed at 2,323 on the previous trading day, was 0.16%. The RSI indicator for ounce gold, which is below its 20-day moving average, is at 48.64, while its momentum is at 100.83. The 2,324 level can be followed in intraday upward movements. If this level is exceeded, the 2,331 and 2,334 resistances may become important. In possible pullbacks, 2,317 and 2,313 will be monitored as support levels. Support: 2317 - 2313 Resistance: 2324 - 2331
Following the profit sales seen on Friday, oil futures have shown an effort to recover, on the one hand, due to the Caixin manufacturing PMI data showing the fastest expansion of manufacturing activity in China in the last three years, and on the other hand, due to the political risks intensifying in Europe. The course of European and US stock markets can be followed during the day. As long as prices remain at and above the 81.00-81.50 support, an upward trend may be at the forefront. In possible increases, 82.50 and 83.00 levels can be targeted. As long as possible decreases are limited to the 81.00-81.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 81.00 and hourly closings for the continuation of the downward desire. In this case, the 80.50 and 80.00 levels may be on the agenda. Support: 81.50-81.00 Resistance: 82.50-83.00
Following the profit taking seen on Friday, oil futures have attempted to recover on the one hand due to the Caixin manufacturing PMI data showing the fastest expansion of manufacturing activity in China in the last three years, and on the other hand due to the political risks intensifying in Europe. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 86.06 and a low of 84.44 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.44% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 57.21, while its momentum is at 103.30. The 86.12 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 86.80, 87.74 and 88.42 may become important. In possible pullbacks, 85.18, 84.49 and 83.55 will be monitored as support levels. Support: 85.18 – 84.49 Resistance: 86.80 – 87.74
On the first trading day of July; Despite the decline in the US 10-year treasury bond and the Dollar Index, NDXUSD recorded limited movements. For the index; ISM manufacturing PMI and PMI prices can be followed during the day. Technically speaking, as long as the 21 (19590) period exponential moving average currently supports the 19640 - 19535 region, the positive trend may continue. If the upward trend continues, a movement area may form towards the 19830 and 19960 levels. In the alternative view, permanent pricing may be needed below the 19640 - 19535 region for the downward trend to become dominant. In this case, movements towards the 19450 and 19310 levels can be followed. Support: 19640 - 19535 Resistance: 19830 - 19960
When we focus on this week, PMI on the Growth front, Non-Farm Employment on the Employment front, Fed and ECB Meeting Minutes on the Central Bank front and Fed and ECB Presidents' speeches can be explained as our main focus. When we focus on today, ECB President Lagarde's speech from the Euro Zone, CPI and Manufacturing PMI from Germany, ISM Manufacturing PMI from the US can be followed due to possible price impact. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports 18350 level, the positive trend can continue. If the upward demand continues, a movement area can be formed towards 18550 and 18640 levels. Support Levels are the range of 18350 - 18270. Support: 18350 - 18270 Resistance: 18550 - 18640
coin (BTC) is experiencing a third consecutive week of declines. The digital currency is down almost 3% and is currently trading around $61,300. This week’s decline is partly due to the start of refunds to customers affected by the 2014 Mt. Gox cryptocurrency platform hack. A decade after the company’s collapse, 140,000 Bitcoins were seized from a hack that leaked 940,000 BTC. At the time of the bankruptcy, the value of one Bitcoin was $451, down from $61,300 today. This suggests that there will be significant selling if creditors decide to take their profits, potentially sending BTC prices lower. On the technical side, after breaking the daily $64,300 band, there is a clear pullback to $65,710, while the most important support level is $62,120. If the sell position continues from here, we could see a pullback to $61,330. Support: 62120 – 61330 Resistance: 64300 – 65710
European Stock Indices started the week with optimistic pricing. In a process where England and Spain showed the least positive performance, Euro Stoxx50 showed the best movement among the indices with an increase of nearly 1.50 percent. DAXEUR is in second place on the list with 1.30 percent. Technically speaking, as long as the 21 (18074) period exponential moving average currently supports the 18350 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18520 and 18610 levels. Support Levels are the 18350 - 18270 range. Support: 18350 - 18270 Resistance: 18520 - 18610
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the reselling pressure of the stolen 850 thousand Bitcoins. BTC, which continued its rise over the weekend, managed to reach the $ 68600 level. BITCOIN, which started the new week with profit sales, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. BTC, which showed instant fluctuations around $ 66357, on the technical side, after breaking the daily $ 67590 band, the most important support level is $ 65520 in open retreats up to $ 68740, if the selling position continues from here, we can see a retreat to $ 63930. Support: 65520 - 63930 Resistance: 67590 - 68740
With the slow start of shipments from the Freeport liquid natural gas export facility in the US and rising temperature forecasts, natural gas futures continued their recovery trend. The course of European and US stock exchanges can be followed during the day. As long as prices remain above the 2.18 - 2.12 support, an upward outlook may be at the forefront. In possible increases, 2.28 - 2.35 levels can be targeted. In possible decreases, the attitude of the 2.18 - 2.12 support can be followed. A break of this support and hourly closings in the region may bring the 2.08 and 2.02 levels to our agenda. Support: 2.18 - 2.12 Resistance: 2.28 - 2.35
The Classic Dollar Index continues its course below the reference zone (the ending trend current zone and the 34 and 100-day exponential moving averages) of the 104.50 - 105.00 range. If the index continues to remain below the relevant zone, we can continue to talk about EURUSD and GBPUSD optimism. There was no enthusiasm on the first trading day regarding whether the reaction we saw last week will continue this week, we will continue to examine the course in the remaining days of the week, which is important in order to understand the short-term outlook of the parities. The 104.010 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.830 and 103.690 may become important. In possible increases, the resistance levels of 104.530 and 104.750 will be followed. Support: 104.010-103.830 Resistance: 104.530-104.750
As is known, the main agenda items of this week are recorded as US 2nd Quarter Growth, Fed's Inflation indicator PCE (Personal Consumption Expenditures), Germany Manufacturing PMI, US and UK Services PMI (Wednesday). In today's calendar, we will focus on the leading indicator of growth in the Services and Manufacturing sector, PMI data. The dollar index, and therefore EURUSD and GBPUSD, may increase intraday volatility with leading PMI data and take another stage in the short-term buyer-seller struggle. The daily loss for the parity, which closed at 1.0845 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.78, while its momentum is at 100.18. The 1.0854 level can be followed in intraday upward movements. If this level is exceeded, the 1.0864 and 1.0870 resistances may become important. In case of possible pullbacks, 1.0832 and 1.0823 will be monitored as support levels. Support: 1.0832 – 1.0823 Resistance: 1.0854 – 1.0864
As is known, the main agenda items of this week are recorded as US 2nd Quarter Growth, Fed's Inflation indicator PCE (Personal Consumption Expenditures), Germany Manufacturing PMI, US and UK Services PMI (Wednesday). In today's calendar, we will focus on the leading indicator of growth in the Services and Manufacturing sector, PMI data. The dollar index, and therefore EURUSD and GBPUSD, may increase intraday volatility with leading PMI data and take another stage in the short-term buyer-seller struggle. The daily loss for the parity, which closed at 1.2886 on the previous trading day, was 0.16%. The RSI indicator for the parity, which is below its 20-day moving average, is at 56.02, while its momentum is at 100.62. The 1.2906 level can be followed in intraday upward movements. If this level is exceeded, the 1.2925 and 1.2937 resistances may become important. In case of possible pullbacks, 1.2875, 1.2863 and 1.2844 will be monitored as support levels. Support: 1.2875 – 1.2863 Resistance: 1.2906 – 1.2925
USD/JPY is falling rapidly from its highs from early July. After peaking at 161.95 on July 3, it fell to 154.50 on the back of the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 154.15, it gave the chart a much more bearish outlook. The pair closed at 154.81 on the previous trading day, with a daily loss of 0.50%. The pair, which is below its 20-day moving average, has an RSI of 31.33, while its momentum is at 96.28. Intraday upside moves can be followed at 155.19. If this level is passed, resistance levels of 155.62, 156.42 and 156.85 may become important. In case of possible pullbacks, support levels of 154.38, 153.96 and 153.15 will be monitored. Support: 154.380 - 153.960 Resistance: 155.190 - 155.620
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.80. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.72 – 32.61 Resistance: 33.08 – 33.20
In the middle of the week; After the Richmond Fed manufacturing index and existing home sales data fell short of expectations, the US 10-year Treasury yield showed a decline. With the support of this situation, the ounce of gold recorded a slight recovery in the short term. For precious metal pricing, leading service and manufacturing PMIs and new home sales data can be monitored during the day. As long as it remains above the 2,412.90 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,415.21 on the previous trading day, was 0.24%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 56.46, while its momentum is at 102.37. The 2,407 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,399 and 2,394 may become important. In possible increases, 2,420, 2,426 and 2,433 will be monitored as resistance levels. Support: 2407 - 2399 Resistance: 2420 - 2426
Although the downward trend in oil was limited by the American Petroleum Institute's announcement of a 3.9 million barrel decrease in inventories, the overall subdued outlook is maintained with the weak demand outlook from China. If the decline is confirmed in the inventory data to be announced by the US Energy Information Administration today, this will indicate a decline for the third week in a row. In addition to the inventory data, leading manufacturing and service PMI data from Europe and the US can be monitored. On the WTI side, a downward trend parallel to Brent oil is also dominant. WTI oil saw a high of 79.51 and a low of 77.22 on the previous trading day. The 78.43 level can be followed in intraday upward movements. If this level is exceeded, the 79.11 and 80.21 resistances may become important. In possible pullbacks, 77.14, 76.44 and 73.86 will be monitored as support levels. Support: 77.14 - 76.44 Resistance: 78.43 - 79.11
Although the downward trend in oil was limited by the American Petroleum Institute's announcement of a 3.9 million barrel decrease in inventories, the overall depressed outlook is maintained with the weak demand outlook from China. If the decline is confirmed in the inventory data to be announced by the US Energy Information Administration today, this will indicate a decline for the third week in a row. In addition to the inventory data, leading manufacturing and services PMI data from Europe and the US can be monitored. In general, a downward trend is seen. Brent oil saw a high of 82.90 and a low of 80.79 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.98% daily. The 81.80 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 82.57 and 83.12 may become important. In possible pullbacks, 80.69, 79.88 and 79.17 will be monitored as support levels. Support: 80.69 – 79.88 Resistance: 81.80 – 82.57
In the middle of the week; Despite the decline in the US 10-year Treasury bond yield, the NDXUSD Index moved downward. Some results below expectations in Google and Tesla's balance sheets allowed the index to see some pressure. Tesla's automotive revenues declined and Alphabet's Youtube ad revenue remained below expectations. For index pricing, leading service and manufacturing PMIs and new home sales data can be monitored during the day. When we evaluate technically, as long as the downward demand is limited in the 19490 -19395 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 19720 and 19850 levels. In the alternative view, permanent pricing below the 19490 -19395 area may be needed for the downward trend to become dominant. In this case, movements towards the 19280 and 19160 levels can be monitored. Support: 19490 – 19395 Resistance: 19720 – 19850
We are in the middle of a week where the European indexes continue their optimistic performance. We see that the best performing index on a weekly basis is DAXEUR with a performance exceeding 2 percent. Today, we will reach the PMI data, the leading indicator of growth concerning Europe in general. Especially on the manufacturing side, although it is in the contraction zone, whether the Euro Zone and Germany, which are giving signals of return from the bottom, will support this idea this month should be followed carefully in terms of the index's short-term performance. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18350 level, the positive trend can continue. If the upward demand continues, a movement area towards the 18520 and 18610 levels can be formed. Support Levels are the 18350 - 18270 range. Support: 18350 - 18270 Resistance: 18520 - 18610
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the reselling pressure of the stolen 850 thousand Bitcoins. BTC, which continued its rise over the weekend, managed to reach the $ 68600 level. BITCOIN, which started the new week with profit sales, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. BTC, which showed instant fluctuations around $ 65757, on the technical side, after breaking the daily $ 66590 band, the most important support level is $ 64520 in open retreats up to $ 67740, if the selling position continues from here, we can see a retreat to $ 62930. Support: 64520 - 62930 Resistance: 66590 - 67740
US natural gas futures have been subject to profit taking again with high inventory and strong production levels. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.08 - 2.02 support, an upward outlook may be at the forefront. In possible increases, 2.18 - 2.25 levels can be targeted. In possible decreases, the attitude of the 2.08 - 2.02 support can be followed. A break of this support and possible hourly closings in the region may bring the 1.98 and 1.92 levels to our agenda. Support: 2.08 - 2.02 Resistance: 2.18 - 2.25
The Classic Dollar Index continues its course below the reference zone (the ending trend current zone and the 34 and 100-day exponential moving averages) of the 104.50 - 105.00 range. If the index continues to remain below the relevant zone, we can continue to talk about EURUSD and GBPUSD optimism. There was no enthusiasm in the first two trading days regarding whether the reaction we saw last week will continue this week, we will continue to examine the course in the remaining days of the week, which is important in order to understand the short-term outlook of the parities. The 104.110 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.930 and 103.690 may become important. In possible increases, the resistance levels of 104.530 and 104.750 will be followed. Support: 104.110-103.930 Resistance: 104.530-104.750
The most important macro development in the midweek was the Manufacturing PMI data, where the contraction rate of the Euro Zone and the locomotive country of Europe, Germany, increased, and the US, which continued its growth pace in the Service sector but returned to the contraction zone in the Manufacturing sector. Following yesterday's PMI data, we will carefully follow today's US 2nd Quarter Growth (First Reading) and ECB President Lagarde's speech, and tomorrow's Fed's Inflation indicator PCE (Personal Consumption Expenditure) data. The daily gain for the parity, which closed at 1.0841 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.11, while its momentum is at 100.26. The 1.0846 level can be followed in intraday upward movements. If this level is exceeded, the 1.0852 and 1.0858 resistances may become important. In case of possible pullbacks, 1.0835, 1.0829 and 1.0823 will be monitored as support levels. Support: 1.0835 – 1.0829 Resistance: 1.0846 – 1.0852
The most important macro development in the midweek was the Manufacturing PMI data, where the contraction rate of the Euro Zone and the locomotive country of Europe, Germany, increased, and the US, which continued its growth pace in the Service sector but returned to the contraction zone in the Manufacturing sector. Following yesterday's PMI data, we will carefully follow today's US 2nd Quarter Growth (First Reading) and ECB President Lagarde's speech, and tomorrow's Fed's Inflation indicator PCE (Personal Consumption Expenditure) data. The daily loss for the parity, which closed at 1.2889 on the previous trading day, was 0.16%. The RSI indicator for the parity, which is below its 20-day moving average, is at 56.17, while its momentum is at 100.80. The 1.2897 level can be followed in intraday upward movements. If this level is exceeded, the 1.2908 and 1.2927 resistances may become important. In case of possible pullbacks, 1.2878, 1.2867 and 1.2848 will be monitored as support levels. Support: 1.2878 – 1.2867 Resistance: 1.2897 – 1.2908
USD/JPY is falling rapidly from its highs from early July. After peaking at 161.95 on July 3, it fell to 154.50 on the back of the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 152.15, it gave the chart a much more bearish outlook. The pair closed at 152.51 on the previous trading day, with a daily loss of 0.89%. The pair, which is below its 20-day moving average, has an RSI of 25.09, while its momentum is at 94.53. Intraday upside moves can be followed at 153.58. If this level is passed, resistance levels of 154.64 and 155.32 may become important. In case of possible pullbacks, support levels of 151.84, 151.17 and 150.10 will be monitored. Support: 151.840 – 151,170 Resistance: 153.580 – 154.640
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.93. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.72 – 32.61 Resistance: 33.08 – 33.20
The ounce of gold remained under pressure ahead of both the rise in the US 10-year Treasury yield and the effective US data. With the pullback, the ounce of gold fell to its lowest levels in the last 2 weeks. For precious metal pricing, the leading growth rate and its deflator, unemployment benefit applications and durable goods orders can be monitored during the day. As long as it remains below the 2,381.40 level, we can see downward relaxation. The daily loss for the ounce of gold, which closed at 2,376.02 on the previous trading day, was 0.89%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 48.52, while its momentum is at 100.52. The 2381 level can be followed in intraday upward movements. If this level is exceeded, the 2,395 and 2,415.80 resistances may become important. In case of possible pullbacks, 2,361 and 2,347 will be monitored as support levels. Support: 2361 - 2347 Resistance: 2395 - 2415
Oil futures continued to be under pressure as concerns about Chinese demand overshadowed the three-week decline in US stocks. The course of European and US stock markets and US Q2 growth data can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 78.92 and a low of 77.73 on the previous trading day. The 78.30 level can be followed in intraday upward movements. If this level is exceeded, resistances at 78.86, 78.48 and 79.05 may become important. In possible pullbacks, support levels at 76.68, 76.11 and 75.49 will be monitored. Support: 76.68 – 76.11 Resistance: 78.30 – 78.86
Oil futures continued to be under pressure as concerns about Chinese demand overshadowed the three-week decline in US stocks. The course of European and US stock markets and US Q2 growth data can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 82.36 and a low of 81.17 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 0.01% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 34.79, while its momentum is at 94.49. The 81.74 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 82.32, 82.94 and 83.52 may become important. In case of possible pullbacks, 80.52, 79.95 and 79.23 will be monitored as support levels. Support: 80.52 – 79.95 Resistance: 81.74 – 82.32
NDXUSD fell to its lowest levels in the last 1.5 months due to the sharp sales in technology stocks. The relatively negative results in Tesla and Alphabet's balance sheets also put pressure on mega-cap technology stocks. For index pricing, the leading growth rate and deflator, unemployment benefit applications and durable goods orders can be monitored during the day. When we evaluate technically, as long as the downward demand is limited in the 18990 - 18895 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 19220 and 19350 levels. In the alternative view, permanent pricing may be needed below the 18990 - 18895 region for the downward trend to become dominant. In this case, movements towards the 18780 and 18660 levels can be monitored. Support: 18990 - 18895 Resistance: 19220 - 19350
While the realizations in the US front draw attention in global stock market indices, we observe that Europe cannot maintain its optimism. In particular, the fact that Germany's largest bank, Deutsche Bank, announced its first loss in four years in the second quarter draws attention, and we see that the weekly returns of European indices are decreasing. In a process where England and France are turning into negative territory, the German DAXEUR continues its optimism above 1 percent despite its recent losses. Technically speaking, as long as the 21 (18074) period exponential moving average currently supports the 18210 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18410 levels. Support Levels are the 18210 - 18140 range. Support: 18210 - 18140 Resistance: 18350 - 18410
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins, but BTC also got its share of the NDX Technology index's decline due to the failure of TESLA GOOGLE Balance Sheets to meet the expectations. BITCOIN, which was at the level of 64260 while the Analysis was being prepared, can remain strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. On the technical side, BTC broke the daily band of $ 65590, and in open retreats up to $ 66740, the most important support level is $ 63520, and if the selling position continues from here, we can see a retreat to $ 61930. Support: 63520 - 61930 Resistance: 65590 - 66740
Despite a gradual decline, US natural gas futures maintained their course in the 2.04-2.12 range. The course of US stock markets, US Q2 growth data and stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as prices remain above the 2.08-2.02 support, an upward outlook may be at the forefront. In possible increases, 2.18-2.25 levels can be targeted. In possible decreases, the attitude of the 2.08-2.02 support can be followed. A break of this support and hourly closings in the region may bring the 1.98 and 1.92 levels to our agenda. Support: 2.08-2.02 Resistance: 2.18-2.25
The Classic Dollar Index continues its course below the reference zone (the ending trend current zone and the 34 and 100-day exponential moving averages) of the 104.50 - 105.00 range. If the index continues to remain below the relevant zone, we can continue to talk about EURUSD and GBPUSD optimism. There was no enthusiasm in the first two trading days regarding whether the reaction we saw last week will continue this week, we will continue to examine the course in the remaining days of the week, which is important in order to understand the short-term outlook of the parities. The 104.110 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.930 and 103.690 may become important. In possible increases, the resistance levels of 104.530 and 104.750 will be followed. Support: 104.110-103.930 Resistance: 104.530-104.750
On the last trading day of the week, the US Central Bank Fed's PCE data, which we know as the inflation indicator, is expected to create an effective reaction on asset prices. The indicators are important for the answer to the question of whether they will put pressure on the Fed. While the desired progress in the growth rate and the decline in inflation increase the possibility of the Fed making another interest rate cut after September, it is important whether this idea will be supported by the PCE. In addition, the sensitivity of today's data increases for President Powell's messages. The daily gain for the parity, which closed at 1.0858 on the previous trading day, was 0.12%. The RSI indicator for the parity, which is above its 20-day moving average, is at 53.81, while its momentum is at 100.27. The 1.0847 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0836 and 1.0828 may become important. In possible increases, 1.0874 and 1.0885 will be followed as resistance levels. Support: 1.0847 – 1.0836 Resistance: 1.0874 – 1.0885
On the last trading day of the week, the PCE data, which we know as the inflation indicator of the US Central Bank Fed, is expected to create an effective reaction on asset prices. The indicators are important for the answer to the question of whether they will put pressure on the Fed. While the desired progress in the growth rate and the decline in inflation increase the possibility of the Fed making another interest rate cut after September, it is important whether this idea will be supported by the PCE. In addition, the sensitivity of today's data increases for President Powell's messages. The daily gain for the parity, which closed at 1.2866 on the previous trading day, was 0.12%. The RSI indicator for the parity, which is below its 20-day moving average, is at 53.11, while its momentum is at 100.13. The 1.2855 level can be followed in intraday downward movements. In case of falling below this level, the 1.2837 supports may become important. In possible increases, 1.2879 and 1.2891 will be followed as resistance levels. Support: 1.2855 – 1.2837 Resistance: 1.2879 – 1.2891
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, it fell to 154.50 on the Japanese Yen intervention. The break of the main trend line at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 152.15, it gave the chart a much more bearish outlook. The pair closed at 153.62 on the previous trading day, with a daily loss of 0.20%. The pair, which is below its 20-day moving average, has an RSI of 27.96, while its momentum is at 95.03. The 153.92 level can be followed for intraday upside. If this level is passed, resistance levels of 154.48 and 154.81 may become important. In case of possible pullbacks, support levels of 153.29, 152.96 and 152.53 will be monitored. Support: 153.290 – 152,960 Resistance: 153.920 – 154.480
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.08. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.18, 33.30 and 33.58. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.82 – 32.71 Resistance: 33.18 – 33.30
Despite the US economy growing by 2.8% in the second quarter of the year compared to the first reading, the slowdown in the GDP deflator towards 2.3% allowed the 10-year Treasury bond yield to move slightly. As a result of this situation, the ounce of gold has recovered somewhat. For precious metal pricing, the core PCE price index change and Michigan consumer sentiment can be monitored during the day. The daily gain for the ounce of gold, which closed at 2,370.76 on the previous trading day, was 0.26%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 47.76, while its momentum is at 99.98. The 2,364 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,357 and 2,352 may become important. In possible increases, the resistance levels of 2,381, 2,392 and 2,404 will be monitored. Support: 2364 - 2357 Resistance: 2381 - 2392
Oil futures tested their highest levels since Tuesday after data indicating growth above expectations in the US found support. The course of European and US stock markets and US PCE inflation data can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 79.13 and a low of 76.75 on the previous trading day. The 78.48 level can be followed in intraday downward movements. If this level is broken, supports at 77.90 and 77.12 may become important. In possible increases, resistance levels of 79.87, 80.69 and 81.25 will be monitored. Support: 78.48 - 77.90 Resistance: 79.87 - 80.69
Oil futures tested their highest levels since Tuesday after data indicating growth above expectations in the US found support. The course of European and US stock markets and US PCE inflation data can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 82.60 and a low of 80.32 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.06% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 40.22, while its momentum is at 96.42. The 81.82 level can be followed in intraday downward movements. If this level is broken, supports at 81.05, 80.55 and 79.78 may become important. In possible increases, resistance levels at 82.93, 83.70 and 84.60 will be monitored. Support: 81.82 – 81.05 Resistance: 82.93 – 83.70
The negative movement of mega-cap technology stocks such as Nvidia, Microsoft, AMD, Meta and Alphabet continued to put pressure on the NDXUSD Index. For index pricing, the core PCE price index change and Michigan consumer sentiment can be monitored during the day. When we evaluate technically, the positive trend can continue as long as the downward demand is limited in the 18890 - 18795 area. If the upward demand continues, a movement area can be formed towards the 19120 and 19250 levels. In the alternative view, permanent pricing may be needed below the 18890 - 18795 area for the downward trend to become dominant. In this case, movements towards the 18680 and 18560 levels can be monitored. Support: 18890 - 18795 Resistance: 19120 - 19250
We are on the last trading day of the week. While the US stock exchanges, which cannot get the support of the balance sheet in global markets and where we see significant declines in the main indexes, which are heavily weighted by technology companies, are quite busy on the agenda, the European front continues to price pressure, showing its discomfort with the general outlook. In this process, whether the benchmark indicator DAXEUR will be able to close the week optimistically, the pricing behavior between the US opening and European closing should be followed carefully, especially after the US PCE data. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18180 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18350 and 18410 levels. Support Levels are the 18180 - 18090 range. Support: 18180 - 18090 Resistance: 18350 - 18410
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins, but BTC also got its share, albeit a little, from the decline in the NDX Technology index due to the failure of the TESLA GOOGLE Balance Sheets to meet the expectations. BITCOIN, which was at the level of 66960 while the Analysis was being prepared, can remain strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. On the technical side, BTC, after breaking the daily band of $ 67590, is the most important support level at $ 65520 in open retreats up to $ 68740, if the selling position continues from here, we can see a retreat to $ 63930. Support: 65520 - 63930 Resistance: 67590 - 68740
In addition to the already high total inventory figures, US natural gas futures were under pressure due to the weekly inventory increase coming in above expectations. The course of European and US stock markets can be followed during the day. As long as prices remain above the 1.98 - 1.92 support, an upward trend may be at the forefront. In possible increases, 2.08 - 2.15 levels can be targeted. In possible decreases, the attitude of the 1.98 - 1.92 support can be monitored. A break of this support and possible hourly closings in the region could bring the 1.88 and 1.82 levels to our agenda. Support: 1.98 - 1.92 Resistance: 2.08 - 2.15
The Classic Dollar Index continues its course below the reference zone (the ending trend current zone and 34 and 100-day exponential moving averages) of 104.50 - 105.00 before the critical PCE data. Supporting this idea with the data is a driving force for positive expectations in EURUSD and GBPUSD, and the index reaching the reference zone may also cause the pairs to question the trend. The 104.110 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.930 and 103.690 may become important. In possible increases, the resistance levels of 104.530 and 104.750 will be followed. Support: 104.110-103.930 Resistance: 104.530-104.750
As we complete July as of the new week, a very busy calendar awaits us for global markets. In terms of macro indicators, our focus will be on Nonfarm Payrolls and Average Hourly Earnings from the US, CPI from the Euro Zone, and PMI from China, while the Fed, BoE, and BoJ can be explained as critical headings in the Central Bank theme. While no interest rate change is expected from the Fed in the Central Bank traffic, we will follow whether the Bank / Powell will give an interest rate cut signal for September in light of the latest indicators. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.0860 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is above its 20-day moving average, is at 54.18, while its momentum is at 99.92. The 1.0871 level can be followed in intraday upward movements. If this level is exceeded, the 1.0882 and 1.0892 resistances may become important. In case of possible pullbacks, 1.0840 and 1.0830 will be monitored as support levels. Support: 1.0840 – 1.0830 Resistance: 1.0871 – 1.0882
As we complete July as of the new week, a very busy calendar awaits us for global markets. In terms of macro indicators, our focus will be on Nonfarm Payrolls and Average Hourly Earnings from the US, CPI from the Euro Zone, and PMI from China, while the Fed, BoE, and BoJ can be explained as critical headings in the Central Bank theme. While no interest rate change is expected from the Fed in the Central Bank traffic, we will follow whether the Bank / Powell will give an interest rate cut signal for September in light of the latest indicators. The downward movement observed in the dollar index supports the parity upwards. The daily gain for the parity, which closed at 1.2877 on the previous trading day, was 0.08%. The RSI indicator for the parity, which is below its 20-day moving average, is at 54.37, while its momentum is at 99.71. The 1.2864 level can be followed in intraday downward movements. If this level is dropped, the 1.2850 and 1.2838 supports may become important. In possible increases, 1.2902 and 1.2916 will be monitored as resistance levels. Support: 1.2864 - 1.2850 Resistance: 1.2902 - 1.2916
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, it fell to 154.50 on the Japanese Yen intervention. The break of the main trend line at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 152.15, it gave the chart a much more bearish outlook. The pair closed at 153.62 on the previous trading day, with a daily loss of 0.20%. The pair, which is below its 20-day moving average, has an RSI of 27.96, while its momentum is at 95.03. The 153.92 level can be followed for intraday upside. If this level is passed, resistance levels of 154.48 and 154.81 may become important. In case of possible pullbacks, support levels of 153.29, 152.96 and 152.53 will be monitored. Support: 153.290 – 152,960 Resistance: 153.920 – 154.480
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.95. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.18, 33.30 and 33.58 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.82 – 32.71 Resistance: 33.18 – 33.30
The core PCE price index remained steady at 2.6% on an annual basis last Friday. On the other hand, rising geopolitical risks in the Middle East supported the demand for safe havens and contributed to the increases in the ounce gold price. As long as it remains below 2,395.19, we may see downward easing. The daily gain for the ounce of gold, which closed at 2,394.54 on the previous trading day, was 0.31%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 52.24, while its momentum is at 99.13. The 2,402 level can be followed in intraday upward movements. If this level is exceeded, the 2,410 and 2,417 resistances may become important. In possible pullbacks, the 2,387, 2,379 and 2,372 support levels will be monitored. Support: 2387 - 2379 Resistance: 2402 - 2410
Although oil futures started the week with a limited increase along with the Middle East agenda, we saw that pricing was balanced after the opening with the inclusion of ongoing concerns about Chinese demand. Following the attack on the Israeli-occupied Golan Heights, concerns that the conflict environment could expand have come to the fore again. The course of European and US stock markets can be followed during the day. On the WTI side, a downward trend parallel to Brent oil is dominant. WTI oil saw a high of 79.20 and a low of 76.82 on the previous trading day. The 78.72 level can be followed in intraday upward movements. If this level is exceeded, the 79.33 and 80.00 resistances may become important. In possible pullbacks, 77.55 and 76.88 will be monitored as support levels. Support: 77.55 – 76.88 Resistance: 78.72 – 79.33
Although oil futures started the week with a limited increase along with the Middle East agenda, we saw that pricing was balanced after the opening with the inclusion of ongoing concerns about Chinese demand. Following the attack on the Israeli-occupied Golan Heights, concerns that the conflict environment may expand have come to the fore again. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 82.70 and a low of 80.43 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 2.23% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 33.78, while its momentum is at 93.87. The 82.29 level can be followed in intraday upward movements. If this level is exceeded, the 83.15 and 83.91 resistances may become important. In possible pullbacks, 80.88 and 79.61 will be monitored as support levels. Support: 80.88 – 79.61 Resistance: 82.29 – 83.15
Last Friday, the core PCE price index remained stable at 2.6% on an annual basis. On the other hand, the US 10-year Treasury bond yield showed a decline towards 4.18%. As a result of this situation; NASDAQ100 Index showed some recovery before Microsoft, Apple, Amazon and Meta balance sheets. When we evaluate it technically, as long as it limits the downward demand in the 18990 - 18895 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 19220 and 19350 levels. In the alternative view, permanent pricing may be needed below the 18990 - 18895 area for the downward trend to become dominant. In this case, movements towards the 18780 and 18660 levels can be monitored. Support: 18990 - 18895 Resistance: 19220 - 19350
As we complete July as of the new week, a very busy calendar awaits us for global markets. If we open a separate heading on the financials front, in the new week dynamics, 171 companies in the SP500 index and 15 companies in the DAXEUR index will announce their results. When we look at companies in Europe, in addition to popular companies such as Adidas, HSBC, BMW, the results of companies such as Daimler (47%) and Volkswagen (42%), which are among the highest expected returns in 12-month analyst expectations, can be followed. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports the 18380 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18550 and 18610 levels. Support Levels are the 18380 - 18290 range. Support: 18380 – 18290 Resistance: 18550 – 18610
Bitcoin started to rise again last week and showed that it can leave all the bad scenarios behind. BTC, which has overcome the FUD threat that has been on it for many years, has taken another step to make its future brighter with TRUMP's statements. If it breaks the 70,000 band, it seems that we will not wait long for 100 thousand this time. BITCOIN, which is at the level of 69,760 while the analysis is being prepared, can stay strong, which shows us that it will not fall to those levels without a very important decline story to go below $ 50,000. On the technical side, BTC is the most important support level at $ 68,520 in open retreats up to $ 72,740 after breaking the daily $ 70,590 band. If the sell position continues from here, we can see a retreat to $ 66,930. Support: 68,520 - 66,930 Resistance: 70,590 - 72,740
US natural gas futures started the new week with a recovery effort after being suppressed by the increasing and historically high stock levels in the US. While this recovery effort is not enough to change the downward outlook for now, the course of European and US stock markets can be followed during the day. As long as the prices remain above the 1.98 - 1.92 support, the upward outlook may be at the forefront. In possible increases, 2.08 - 2.15 levels can be targeted. In possible decreases, the attitude of the 1.98 - 1.92 support can be followed. A break of this support and hourly closings in the region may bring the 1.88 and 1.82 levels to our agenda. Support: 1.98 - 1.92 Resistance: 2.08 - 2.15
Despite the recovery it exhibited before the important headlines, the Classic Dollar Index continues its course below the 104.43 - 105.00 range, which represents the 34 and 100-day averages, with the rising trend that has ended. If the index continues to remain below the relevant region, it may want to adapt to the new negative outlook and strengthen the pressure in case it falls below the last bottom of 103.25. This attitude may support EURUSD and GBPUSD optimism. In order for our current scenario to be considered invalid, a daily close above the reference region is needed. In intraday downward movements, the 104.110 level can be followed. In case of falling below this level, the supports of 103.930 and 103.690 may become important. In possible increases, the 104.530 and 104.750 will be monitored as resistance levels. Support: 104.110-103.930 Resistance: 104.530-104.750
We started the week with the theme of strong Dollar, weak Euro and Sterling. Although this theme brings short-term negative thinking to the agenda on the EURUSD and GBPUSD side, the Classic Dollar Index is not yet moving in the same thought. In the macro framework, our focus on indicators is Non-Farm Employment from the USA, CPI from the Euro Zone, and Fed, BoE and BoJ can be explained as critical headings in the Central Bank theme. Today, CPI from Germany and Conference Board (CB) Consumer Confidence and Job Openings and Labor Turnover Rate (JOLTS) data results from the USA can be followed. The daily gain for the parity, which closed at 1.0823 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is below its 20-day moving average, is at 48.04, while its momentum is at 99.23. The 1.0816 level can be followed in intraday downward movements. If this level is dropped, the 1.0808 and 1.0801 supports may become important. In possible increases, 1.0830 and 1.0838 will be monitored as resistance levels. Support: 1.0816 - 1.0808 Resistance: 1.0830 - 1.0838
We started the week with the theme of strong Dollar, weak Euro and Sterling. Although this theme brings short-term negative thinking to the agenda on the EURUSD and GBPUSD side, the Classic Dollar Index is not yet moving in the same direction. In the macro framework, our focus on indicators is Non-Farm Employment from the USA, CPI from the Euro Zone, and Fed, BoE and BoJ can be explained as critical headings in the Central Bank theme. Today, CPI from Germany and Conference Board (CB) Consumer Confidence and Job Openings and Labor Turnover Rate (JOLTS) data results from the USA can be followed. The daily loss for the parity, which closed at 1.2859 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 52.20, while its momentum is at 99.00. The 1.2847 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.2835 and 1.2825 may become important. In possible increases, 1.2869, 1.2879 and 1.2891 will be monitored as resistance levels. Support: 1.2847 - 1.2835 Resistance: 1.2869 - 1.2879
USD/JPY is falling rapidly from its highs from early July. After peaking at 161.95 on July 3, it fell to 154.50 on the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 152.15, it gave the chart a much more bearish outlook. The pair closed at 154.25 on the previous trading day, for a daily gain of 0.15%. The pair, which is below its 20-day moving average, has an RSI of 32.32, while its momentum is at 97.53. The intraday downside is likely to be followed at 154.04. If this level is broken, supports at 153.83, 153.41 and 153.20 may become important. In case of possible increases, resistance levels at 154.66 and 155.08 will be monitored. Support: 154.040 – 153.830 Resistance: 154.660 – 155.080
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.04. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.18, 33.30 and 33.58. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.82 – 32.71 Resistance: 33.18 – 33.30
While the Fed monetary policy statement is awaited, the US 10-year Treasury bond yield is moving limitedly around the 4.18% rate. This situation allows the ounce of gold to be priced in a limited area. For the precious metal, Conference Board consumer confidence and JOLTS job opportunities can be monitored during the day. As long as it remains above the 2,384.21 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,387.62 on the previous trading day, was 0.20%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 50.99, while its momentum is at 99.02. The 2,380 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,372 and 2,368 may become important. In possible increases, the resistance levels of 2,391, 2,395 and 2,403 will be monitored. Support: 2380 - 2372 Resistance: 2391 - 2395
Oil futures are testing their lowest levels since the first half of June due to the weakening demand outlook. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 77.24 and a low of 74.99 on the previous trading day. The 76.91 level can be followed in intraday upward movements. If this level is exceeded, the 77.84, 78.47 and 79.10 resistances may become important. In possible pullbacks, 75.59, 74.84 and 73.83 will be monitored as support levels. Support: 77.55 – 76.88 Resistance: 75.59 – 74.84
Oil futures are testing their lowest levels since the first half of June with a weakening demand outlook. The course of European and US stock markets and the inventory figures to be announced by the American Petroleum Institute can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 80.83 and a low of 78.63 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.82% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 31.82, while its momentum is at 92.95. The 80.52 level can be followed in intraday upward movements. If this level is exceeded, resistances at 81.40, 82.71 and 83.59 may become important. In possible pullbacks, 78.71, 77.82 and 77.01 will be monitored as support levels. Support: 78.71 – 77.82 Resistance: 80.52 – 81.40
While the Fed monetary policy statement is awaited, the US 10-year Treasury bond yield is moving limitedly around the 4.18% rate. This situation allowed the NDXUSD Index to pull back slightly. For the index, AMD and Microsoft balance sheets, Conference Board consumer confidence and JOLTS job opportunities data can be monitored during the day. When we evaluate technically, as long as the downward demand is limited in the 18990 - 18895 area, the positive trend may continue. If the upward demand continues, a movement area may occur towards the 19220 and 19350 levels. In the alternative view, permanent pricing may be needed below the 18990 - 18895 area for the downward trend to become dominant. In this case, movements towards the 18780 and 18660 levels can be monitored. Support: 18990 - 18895 Resistance: 19220 - 19350
Despite the nonfarm payrolls data coming in above expectations on Friday, with the slowdown in wage growth and the increase in unemployment, we observe that the probability of a September Fed rate cut is 68% on the CME FedWatch side, 70% after Fed Chair Powell's presentation in the Senate and 70% right now before the critical US CPI data. Although the Fed is making cautious statements, the markets are willing to make an additional rate cut, but this idea needs to be supported. Today, there is the June CPI data from the US. The daily gain for the ounce of gold, which closed at 2,381 on the previous trading day, was 0.45%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 58.06, while its momentum is at 102.69. The 2375 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,366 and 2,362 may become important. In possible increases, 2,386, 2,390 and 2,397 will be monitored as resistance levels. Support: 2375 - 2366 Resistance: 2386 - 2390
Global stock market indices started the new week under pressure. The pressure that started in Europe continued in the US and Asia. When we examine the course of European indices, the most pressured one is France with a loss of nearly 1 percent. Germany (DAXEUR) increased its decline to 0.53 percent, while we observe that the short-term decision stage scenario is revised negatively. We will follow the news flows to see if the relevant pressure will have an effect in the rest of the week. Today, the CPI from Germany and the Conference Board (CB) Consumer Confidence and Job Openings and Labor Turnover Rate (JOLTS) data results from the US can be followed. When we evaluate technically, as long as the 21 (18174) period exponential moving average currently supports the 18280 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18450 and 18510 levels. Support Levels are the 18280 - 18190 range. Support: 18280 – 18190 Resistance: 18450 – 18510
Oil futures showed a recovery trend with the Energy Information Administration report showing that demand for oil derivatives gained strength during the July 4 holiday in the US. Gasoline demand is at its highest level since the pandemic, according to the 4-week average. The institution, which announced a 3.4 million barrel decrease in stocks yesterday, also showed that stocks in Cushing, a futures delivery center, reached their lowest levels in about 2.5 months. The course of European and US stock markets and US June inflation data can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is also dominant. WTI oil saw a high of 82.85 and a low of 81.15 on the previous trading day. The 82.21 level can be followed in intraday downward movements. If this level is broken, the supports of 81.57 and 80.81 may become important. In possible increases, 83.26, 83.90 and 84.95 will be monitored as resistance levels. Support: 82.21 – 81.57 Resistance: 83.26 – 83.90
Bitcoin started to rise again last week and showed that it can leave all the bad scenarios behind. BTC, which has overcome the FUD threat that has been on it for many years, has taken another step to make its future brighter with TRUMP's statements. Despite breaking the 70,000 band, it fell below 67,000 with the profit sales. If it breaks 70,000 again, it seems that we will not wait long for 100 thousand this time. BITCOIN, which was at the level of 66,560 while the analysis was being prepared, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. On the technical side, BTC, after breaking the daily band of $ 67,590, the most important support level in open retreats is $ 65,520. If the selling position continues from here, we can see a retreat to $ 63,930. Support: 65520 – 63930 Resistance: 67590 – 68740
Oil futures showed a recovery trend with the Energy Information Administration report showing that demand for oil derivatives gained strength during the July 4 holiday in the US. Gasoline demand is at its highest level since the pandemic, according to the 4-week average. The institution, which announced a 3.4 million barrel decrease in stocks yesterday, also showed that stocks in Cushing, a futures delivery center, reached their lowest levels in about 2.5 months. The course of European and US stock markets and US June inflation data can be followed during the day. Brent oil, which followed a buying course on the last trading day, gained 0.43% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 52.10, while its momentum is at 99.61. The 85.10 level can be followed in intraday downward movements. If this level is broken, the supports at 84.58 and 83.92 may become important. In possible increases, the resistance levels of 86.57, 87.19 and 88.15 will be monitored. Support: 85.10 – 84.58 Resistance: 86.57 – 87.19
US natural gas futures are trading near their lowest levels since early May. High levels of inventories and production levels are seen as the main factors creating pressure. The course of European and US stock markets can be followed during the day. As long as prices remain above the 1.98-1.92 support, an upward outlook may be at the forefront. In possible increases, 2.08-2.15 levels can be targeted. In possible decreases, the attitude of the 1.98-1.92 support can be monitored. A break of this support and possible hourly closings in the region may bring the 1.88 and 1.82 levels to our agenda. Support: 1.98-1.92 Resistance: 2.08-2.15
The Nasdaq index reached new records despite Fed Chair Powell emphasizing the need for more data, as expectations for a September interest rate cut remained alive ahead of the June inflation data to be announced in the US today. The important data of the week, inflation, will be the title we will follow. Technically speaking, as long as the 21 (21190) period exponential moving average currently supports the 20580 - 20485 region, the positive trend may continue. If the upward trend continues, there may be movement towards the 20720 and 20810 levels. In the alternative view, permanent pricing may be needed below the 20580 - 20485 region for the downward trend to become dominant. In this case, movements towards the 20390 and 20260 levels can be monitored. Support: 20580 - 20485 Resistance: 20720 - 20810
With the ending uptrend we base on, the 104.50 - 105.00 range representing the 34 and 100-day averages maintains its importance, but the index has now started to see pressure from the 104.50 level. In this respect, the index may want to find an answer to the question of whether it will be able to adapt to the new negative outlook under the relevant reference zone as a whole week or whether it will confirm the negative discourse on parities by entering the positive trend it has ended. Today, the results of the CPI from Germany and the Conference Board (CB) Consumer Confidence and Job Openings and Turnover Rate (JOLTS) data from the US can be followed. The 104.410 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104.230 and 103.890 may become important. In possible increases, 104,830 and 104,950 will be monitored as resistance levels. Support: 104,410-104,230 Resistance: 104,830-104,950
We are on the most important day of the week. On the one hand, the question mark of the coalition regarding the economic decisions taken after the French elections and the consecutive warnings from credit rating agencies, and on the other hand, the cautious statements of Fed Chairman Powell regarding the interest rate cut occupy our agenda. Today, in terms of news, especially the US CPI data is being followed in terms of the course of the indexes before the closing, and the psychology of political tension will be followed carefully after the European session opens. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports the 18360 level, the positive trend may continue. If the upward demand continues, a movement area may be formed towards the 18490 and 18550 levels. Support Levels are the 18360 – 18280 range. Support: 18360 – 18280 Resistance: 18490 – 18550
Bitcoin experienced some profit taking yesterday after recovering from a sharp decline that occurred last week and Monday in 2 days. Today, BTC, which is trying to accelerate upwards again, has a current price of $57940. The main reason for last week's decline is the start of refunds to customers who suffered losses in the hack of cryptocurrency platform Mt. Gox in 2014. More than 140,000 bitcoins were recovered from the total hack of 940,000 BTC. If creditors decide to take profits, it means big sales, because the value of one bitcoin was $451 at the time of the bankruptcy. On the technical side, after breaking the daily $57020 band, the most important support level is $57020, and if the selling position continues from here, we can see a pullback to $55930. Support: 57020 – 55930 Resistance: 58990 – 59940
US natural gas futures remain under pressure with a strong production outlook despite warm weather forecasts. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as prices remain above the 2.23-2.18 support, an upward outlook may be at the forefront. In possible increases, 2.32 and 2.37 levels can be targeted. In possible decreases, the attitude of the 2.23-2.18 support can be followed. A break of this support and possible hourly closings in the region may bring the 2.11 and 2.04 levels to our agenda. Support: 2.23-2.18 Resistance: 2.32-2.37
While we insist on the Classic Dollar Index and are in the decision phase regarding whether it will continue its upward trend within the 104.50 - 105.00 region where the 34 and 100-day exponential moving averages are located, the US CPI data result should be followed carefully. In addition, the performance of the index in the remaining days of the week will be followed carefully for the roadmap of the parities. While permanent movements above the 105 level may confirm the upward trend of the index, permanent movements below 104.50 can be recorded as an important confirmation element for the rise of EURUSD and GBPUSD. The 104.810 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104.730 and 104.590 may become important. In possible increases, 105,130 and 105,250 will be monitored as resistance levels. Support: 104.810-104.730 Resistance: 105,130-105,250
The main focus of the markets will be on Fed Chair Powell's speech. The Fed is not expected to make any changes on the interest rate front at this meeting. In light of the latest indicators, we will be following Powell's guidance in answering the question of whether a rate cut will start in September and a projection will be presented that will end the year with 2 interest rate cuts rather than 1. Before Powell's speech, CPI from the Eurozone, ADP Private Sector Employment from the US and Pending Home Sales can be explained as other developments to be followed. The daily gain for the parity, which closed at 1.0824 on the previous trading day, was 0.07%. The RSI indicator for the parity, which is below its 20-day moving average, is at 48.31, while its momentum is at 99.34. The 1.0813 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0801 and 1.0792 may become important. In possible increases, 1.0833, 1.0843 and 1.0854 will be monitored as resistance levels. Support: 1.0813 – 1.0801 Resistance: 1.0833 – 1.0843
The main focus of the markets will be on Fed Chair Powell's speech. The Fed is not expected to make any changes on the interest rate front at this meeting. In light of the latest indicators, we will be following Powell's guidance in answering the question of whether a rate cut will start in September and a projection will be presented that will end the year with 2 interest rate cuts rather than 1. Before Powell's speech, CPI from the Eurozone, ADP Private Sector Employment from the US and Pending Home Sales can be explained as other developments to be followed. The daily gain for the parity, which closed at 1.2843 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is below its 20-day moving average, is at 50.19, while its momentum is at 99.04. The 1.2830 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.2816 and 1.2804 may become important. In possible increases, 1.2855, 1.2867 and 1.2881 will be monitored as resistance levels. Support: 1.2830 - 1.2816 Resistance: 1.2855 - 1.2867
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, it fell to 154.50 on the back of the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 152.15, it gave the chart a much more bearish outlook. The pair closed at 152.80 on the previous trading day, with a daily gain of 0.01%. The pair, which is below its 20-day moving average, has an RSI of 26.63, while its momentum is at 96.67. The intraday downside is likely to be followed at 152.37. If this level is broken, supports at 151.63, 150.47 and 149.33 may become important. In case of possible increases, resistance levels at 153.93, 155.07 and 156.23 will be monitored. Support: 152.370 – 151.630 Resistance: 153.930 – 155.070
The optimism of the US CPI data, which remained below expectations, strengthened the Fed's interest rate cut idea at the September meeting and the scenario of at least 2 increases in total by the end of the year. The decline in the Dollar Index and US Bond Interest Rates drew attention. The trend change in the index strengthened the EURUSD and GBPUSD increases even more, and thus the short-term discrepancy ended. In light of the recent movements, the weak Dollar and strong Euro and Sterling may continue to remain on our agenda. The daily gain for the parity, which closed at 1.0871 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.76, while its momentum is at 101.78. The 1.0863 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0855 and 1.0848 may become important. In possible increases, 1.0878, 1.0885 and 1.0893 will be monitored as resistance levels. Support: 1.0863 - 1.0855 Resistance: 1.0878 - 1.0885
For USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.10. When we evaluate the USDTRY exchange rate in the short term, the level of 32.69 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 33.18, 33.30 and 33.58 can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.82 – 32.71 Resistance: 33.18 – 33.30
The optimism of the US CPI data, which remained below expectations, strengthened the idea of a rate cut at the September meeting on the Fed's part and the scenario of at least 2 increases in total by the end of the year. The decline in the Dollar Index and US Bond Interest Rates drew attention. The trend change in the index strengthened the EURUSD and GBPUSD increases even more, and thus the short-term discrepancy ended. In light of the recent movements, the weak Dollar and strong Euro and Sterling may continue to remain on our agenda. The daily loss for the parity, which closed at 1.2911 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 70.34, while its momentum is at 102.30. The 1.2923 level can be followed in intraday upward movements. If this level is exceeded, the 1.2936 and 1.2946 resistances may become important. In case of possible pullbacks, 1.2900, 1.2890 and 1.2877 will be monitored as support levels. Support: 1.2900 – 1.2890 Resistance: 1.2923 – 1.2926
While the Fed's monetary policy is awaited in the middle of the week, the yield on the US 10-year Treasury bond fell below 4.15%. On the other hand, the perception of geopolitical risk in the Middle East increased with Israel's continued attacks in Lebanon, and this situation supported a slight recovery in the ounce of gold. For the precious metal, the ADP non-farm employment change, employment cost index, pending housing sales and the Fed monetary policy statement can be monitored during the day. The daily gain for the ounce of gold, which closed at 2,417 on the previous trading day, was 0.27%. The RSI indicator for the ounce of gold is at 56.36, while its momentum is at 99.80. The 2,413 level can be monitored in intraday downward movements. If this level is exceeded, the supports at 2,405 and 2,392 may become important. In possible increases, 2,428 and 2,438 will be monitored as resistance levels. Support: 2413 - 2405 Resistance: 2428 - 2438
The USD/JPY pair witnessed sharp fluctuations again in the early Asian session following the highly anticipated Japanese intervention in the foreign exchange market on Thursday, suggesting another intervention attempt. The USD/JPY pair was last seen trading around 159.10, up 0.25% on the day. The pair, which closed at 159.08 on the previous trading day, gained 0.16% on the day. The RSI indicator for the pair, which is below its 20-day moving average, is at 47.66, while its momentum is at 98.93. The 158.76 level can be followed in intraday downward movements. If this level is broken, the supports at 158.07 and 157.56 may become important. In possible increases, the resistance levels at 159.77, 160.47 and 161.48 will be monitored. Support: 158,760 – 158,070 Resistance: 159,770 – 160,470
According to the statement made by the Iranian Revolutionary Guard, the assassination of Hamas leader Haniyeh in Tehran and the American Petroleum Institute's announcement of a decrease of approximately 4.5 million barrels in stocks. Stocks have been falling continuously for 4 weeks. In general, there is a recovery supported by the perception of geopolitical risk. The course of European and US stock markets during the day, the official stock figures to be announced by the US Energy Information Administration, Middle East developments, and the Fed's monetary policy statement are among the headlines we will be following. A downward trend parallel to Brent oil also prevails on the WTI side. WTI oil saw a high of 77.52 and a low of 75.24 on the previous trading day. The 75.89 level can be followed in intraday downward movements. If this level is dropped below, the supports of 74.91 and 72.98 may become important. In possible increases, 77.53, 78.16 and 78.81 will be followed as resistance levels. Support: 75.89 – 74.91 Resistance: 77.53 – 78.16
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.96. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.62 – 32.41 Resistance: 33.08 – 33.20
According to the statement made by the Iranian Revolutionary Guard, the assassination of Hamas leader Haniyeh in Tehran and the American Petroleum Institute's announcement of a decrease of approximately 4.5 million barrels in stocks. Stocks have been falling continuously for 4 weeks. In general, there is a recovery supported by the perception of geopolitical risk. The course of European and US stock markets during the day, the official stock figures to be announced by the US Energy Information Administration, Middle East developments, and the Fed's monetary policy statement are among the headlines we will be following. Brent oil, which followed a selling course on the last trading day, lost 0.76% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 30.09, while its momentum is at 92.90. The 80.91 level can be followed in intraday upward movements. If this level is exceeded, the 81.74 and 82.34 resistances may become important. In case of possible pullbacks, 79.89, 79.28 and 78.66 will be monitored as support levels. Support: 79.89 – 79.28 Resistance: 80.91 – 81.74
The optimism of the US CPI data, which remained below expectations, strengthened the idea of a rate cut at the September meeting on the Fed's part and the scenario of at least 2 increases in total by the end of the year. The decreases in the Dollar Index and US Bond Interest Rates after the data provided a pricing reaction supporting positive optimism in the Gold and Silver Ounce. The daily loss for the gold ounce, which closed at 2,409.91 on the previous trading day, was 0.23%. The upward movement observed in the US bond interest rates is pressuring the gold ounce downward. The RSI indicator for the gold ounce, which is above its 20-day moving average, is at 61.86, while its momentum is at 104.86. The 2,415 level can be followed in intraday upward movements. If this level is exceeded, the 2,420 and 2,424 resistances may become important. In possible pullbacks, the 2,405, 2,401 and 2,395 will be monitored as support levels. Support: 2405 - 2401 Resistance: 2415 - 2420
While the Fed's monetary policy is expected in the middle of the week, Microsoft lost 2.7% as cloud segment results that fell short of expectations overshadowed better-than-expected profit and revenue results. AMD rose 7.6% with strong quarterly results, which supported Nvidia's 5% rise. Following this situation, the Index recovered and can be monitored during the day; ADP nonfarm employment change, employment cost index, pending housing sales and Fed monetary policy statement. When we evaluate technically, as long as the downward demand is limited in the 18990 - 18895 area, the positive trend may continue. If the upward demand continues, there may be movement towards the 19220 and 19350 levels. In the alternative view, permanent pricing may be needed below the 18990 - 18895 area for the downward trend to become dominant. In this case, movements towards the 18780 and 18660 levels can be monitored. Support: 18990 – 18895 Resistance: 19220 – 19350
Oil futures yesterday, after the inflation data, weakened the dollar and the International Energy Agency's prediction that global demand will increase, some of their losses. The course of European and US stock markets can be followed during the day. As long as the prices remain at and above the 82.00 - 82.50 support, the upward trend may continue. In possible increases, the 83.50 and 84.00 levels can be targeted. As long as possible pullbacks are limited to the 82.00 - 82.50 support, new upside potential may occur. Therefore, it may be necessary to see the course below 82.00 and 4-hour closings for the continuation of the downward desire. In this case, the 81.50 and 81.00 levels may come to the agenda. Support: 82.50 - 80.00 Resistance: 83.50 - 84.00
We are in the middle of the week and there is a mixed picture in Europe. While the main indices (DAXEUR and FTSE100) are performing negatively, we will continue to follow the financial results to see if they will support the medium-term optimism in the indices at a time when corporate financials continue to be announced in both Europe and the US. While all eyes are on Fed Chair Powell's statements after the BoJ decision today, CPI from the Eurozone, ADP Private Sector Employment from the US and Pending Home Sales can be explained as other developments to follow before the Fed. When we evaluate technically, as long as the 21 (18374) period exponential moving average currently supports 18480, the positive trend may continue. If the upward demand continues, a movement area may form towards 18650 and 18710 levels. Support Levels are between 18480 - 18390. Support: 18480 – 18390 Resistance: 18450 – 18510
Oil futures yesterday, after the inflation data, weakened the dollar and the International Energy Agency's prediction that global demand will increase, some of their losses. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 85.43 and a low of 84.19 on the previous trading day. Brent oil, which followed a buying course on the last trading day, gained 0.16% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 52.76, while its momentum is at 101.11. The 84.90 level can be followed in intraday downward movements. If this level is dropped below, the supports of 84.38 and 83.67 may become important. In possible increases, the resistance levels of 86.13 and 86.84 will be followed. Support: 84.90 - 84.38 Resistance: 86.13 - 86.84
Bitcoin started to rise again last week and showed that it can leave all the bad scenarios behind. BTC, which has overcome the FUD threat that has been on it for many years, has taken another step to make its future brighter with TRUMP's statements. Despite breaking the 70,000 band, it fell below 66,000 with the profit sales. It seems that we will not wait long for 100 thousand this time if it breaks 70,000 again. BITCOIN, which was at the level of 65,830 while the analysis was being prepared, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. On the technical side, BTC, after breaking the daily band of $ 66,590, the most important support level in open retreats is $ 64,520. If the sell position continues from here, we can see a retreat to $ 62,930. Support: 64520 – 62930 Resistance: 66590 – 67740
Following the data showing that inflation in the US continues to cool, the desire to switch to riskier assets has accelerated the exit from technology companies that have recently gained market weight, creating pressure on the indexes. According to CME data, the probability of the Fed cutting interest rates in September has exceeded 90%. Technically speaking, as long as the 21 (20090) period exponential moving average currently supports the 20150 - 20045 region, the positive trend may continue. If the upward desire continues, there may be a movement area towards the 20320 and 20410 levels. In the alternative view, permanent pricing may be needed below the 20150 - 20045 region for the downward trend to become dominant. In this case, movements towards the 19940 and 19860 levels can be monitored. Support: 20150 - 20045 Resistance: 20320 - 20410
Despite the high production levels, US natural gas futures have recovered in quantity, with cooling demand expected to increase with air temperatures and a relatively strong export outlook. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.04 - 1.99 support, an upward outlook may be at the forefront. In possible increases, 2.18 - 2.25 levels can be targeted. In possible decreases, the attitude of the 2.04 - 1.99 support can be monitored. A break of this support and possible hourly closings in the region may bring the 1.94 and 1.88 levels to our agenda. Support: 2.04 - 1.99 Resistance: 2.18 - 2.25
We are on the last trading day of the week. With the optimistic pricing reaction observed in European Indices yesterday, the possibility of European indices, except for the French index, closing the week positively has been strengthened. The best performance among the indices can be explained as the Netherlands with close to 1.70 percent, followed by Spain with 1.33 percent and Italy with 0.97 percent. While Dax40 keeps its movement area in the partially positive region due to the fluctuating pricing it has created this week (intense buyer-seller struggle), recent movements may allow the index to complete the week in a better region. Technically speaking, as long as the 21 (18374) period exponential moving average currently supports the 18460 level, the positive trend may continue. If the upward demand continues, a movement area towards the 18590 and 18650 levels may occur. Support Levels are the 18460 - 18380 range. Support: 18460 – 18380 Resistance: 18590 – 18650
Before the critical agenda items, the Classic Dollar Index continues its course below the 104.50 - 105.00 range, which represents the 34 and 100-day averages, with the ending uptrend we base it on. Although the recent recovery in particular has created a profile that questions the new negative outlook, the index currently supports the new negative outlook with its course under the indicators. This week, the reaction it will give in the 104.50 - 105.00 range may be a roadmap for the answer to the question of whether it will be 107 or 102. Today, the results of the CPI from Germany and the Conference Board (CB) Consumer Confidence and Job Openings and Turnover Rate (JOLTS) data from the US can be followed. The 104.210 level can be followed in intraday downward movements. In case of falling below this level, the supports of 104.030 and 103.690 may become important. In possible increases, 104,630 and 104,750 will be monitored as resistance levels. Support: 104,210-104,030 Resistance: 104,630-104,750
Bitcoin experienced some profit sales yesterday after recovering from a sharp decline that occurred last week and Monday in 2 days. Today, BTC, which is trying to accelerate upwards again, has a current price of $56,970. The main reason for last week's decline is the start of refunds to customers who suffered losses in the hack of cryptocurrency platform Mt. Gox in 2014. More than 140,000 bitcoins were recovered from the total hack of 940,000 BTC. If creditors decide to take profits, it means big sales, because the value of one bitcoin was $451 at the time of the bankruptcy. On the technical side, after breaking the daily $57,990 band, the most important support level is $56,020, and if the selling position continues from here, we can see a pullback to $54,930. Support: 56020 – 54930 Resistance: 57990 – 58940
The natural gas futures contract maintained its under-pressure outlook yesterday after the US Energy Information Administration announced a higher-than-expected increase in stocks. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.13-2.08 support, an upward outlook may be at the forefront. In possible increases, 2.27 and 2.32 levels can be targeted. In possible decreases, the attitude of the 2.13-2.08 support can be followed. A break of this support and hourly closings in the region may bring the 2.01 and 1.94 levels to our agenda. Support: 2.13-2.08 Resistance: 2.27-2.32
While we insist on the Classic Dollar Index and are in the decision phase regarding whether it will continue its upward trend within the 104.00 - 104.50 region where the 34 and 100-day exponential moving averages are located, the US CPI data result should be followed carefully. In addition, the index's performance on the last day of the week will be followed carefully for the roadmap of the parities. While permanent movements above the 104.40 level may confirm the index's upward trend, permanent movements below 104.40 can be recorded as an important confirmation element for the EURUSD and GBPUSD rise. The 104.210 level can be followed in intraday downward movements. In case of falling below this level, the 104.030 and 103.890 supports may become important. In possible increases, 104,630 and 104,850 will be monitored as resistance levels. Support: 104,210-104,030 Resistance: 104,630-104,850
We left the most important development of the week behind. The US Federal Reserve did not make any changes to the interest rate in line with market expectations, but opened the door to a September interest rate cut on the condition that the data is supportive on the guidance side. While the swap market continues to think about 3 interest rate cuts, the Fed continues to have question marks about going to such an enthusiastic series of cuts. After the Fed, the UK Central Bank BoE interest rate decision and President Bailey's speech will be on the agenda today, and tomorrow will be Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. The daily gain for the parity, which closed at 1.0832 on the previous trading day, was 0.06%. The RSI indicator for the parity, which is below its 20-day moving average, is at 49.82, while its momentum is at 99.39. The 1.0824 level can be followed in intraday downward movements. In case of falling below this level, the supports at 1.0815 and 1.0809 may become important. In possible increases, 1.0838, 1.0845 and 1.0853 will be monitored as resistance levels. Support: 1.0824 - 1.0815 Resistance: 1.0838 - 1.0845
We left the most important development of the week behind. The US Federal Reserve did not make any changes to the interest rate in line with market expectations, but opened the door to a September interest rate cut on the condition that the data is supportive on the guidance side. While the swap market continues to think about 3 interest rate cuts, the Fed continues to have question marks about going to such an enthusiastic series of cuts. After the Fed, the UK Central Bank BoE interest rate decision and President Bailey's speech will be on the agenda today, and tomorrow will be Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. The daily loss for the parity, which closed at 1.2853 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 51.38, while its momentum is at 99.07. The 1.2863 level can be followed in intraday upward movements. If this level is exceeded, the 1.2873 and 1.2881 resistances may become important. In case of possible pullbacks, 1.2837 and 1.2827 will be monitored as support levels. Support: 1.2837 – 1.2827 Resistance: 1.2863 – 1.2873
USD/JPY is falling rapidly from its highs from early July. After peaking at 161.95 on July 3, it fell to 154.50 on the Japanese Yen intervention. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July 149.15 low, it gave the chart a much more bearish outlook. The pair closed at 149.54 on the previous trading day, with a daily loss of 0.29%. The pair, which is below its 20-day moving average, has an RSI of 19.35, while its momentum is at 94.44. The 149.46 level can be followed for intraday downsides. If this level is broken, supports at 148.59, 147.64 and 146.77 may become important. In case of possible increases, resistance levels will be monitored at 150.41, 151.28 and 152.22. Support: 149.460 – 148.590 Resistance: 150.410 – 151.280
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.17. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.28, 33.40 and 33.68 levels can be observed. Permanent movements above 33.68 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.92 – 32.81 Resistance: 33.28 – 33.30
The Fed kept interest rates unchanged on Wednesday as expected, and argued that the slowdown in inflation and developments in the relatively weak labor market supported a less restrictive monetary policy, and indicated that a rate cut could be made in September. On the other hand, due to the escalation in geopolitical risks in the Middle East, the ounce of gold continued to rise. Unemployment claims and ISM manufacturing PMI data can be monitored for the precious metal during the day. As long as it remains below the 2,447.21 level, we may see downward easing. The daily loss for the ounce of gold, which closed at 2,445.81 on the previous trading day, was 0.06%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 60.57, while its momentum is at 99.07. The 2457 level can be followed in intraday upward movements. If this level is exceeded, the 2,468 and 2,478 resistances may become important. In case of possible pullbacks, 2,435 and 2,426 will be monitored as support levels. Support: 2435 - 2426 Resistance: 2457 - 2468
Following the US Consumer Inflation data, the willingness of the Fed to cut interest rates allowed the Classic Dollar Index to be suppressed and the positive trend to end. This attitude strengthened the optimism on the EURUSD and GBPUSD sides. During the week, following the ECB Interest Rate decision, President Lagarde, Fed Chairman Powell's speech at the Washington DC Economic Club, and the US Core Retail Sales and the CPI data from the Euro Zone and the UK can be explained as important indicators to be followed during the week. The daily gain for the parity, which closed at 1.0891 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 62.76, while its momentum is at 101.78. The 1.0883 level can be followed in intraday downward movements. In case of falling below this level, the supports of 1.0875 and 1.0868 may become important. In possible increases, 1.0908, 1.0915 and 1.0923 will be monitored as resistance levels. Support: 1.0883 - 1.0875 Resistance: 1.0908 - 1.0915
Oil futures have highlighted an upward trend following news that Iran has approved an attack on Israel after the killing of the Hamas leader on its soil. The idea that diplomacy will now be much more difficult to establish after this news of death is dominant. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 79.93 and a low of 76.75 on the previous trading day. The 78.44 level can be followed in intraday downward movements. In case of falling below this level, supports at 77.84, 76.66 and 75.56 may become important. In possible increases, resistance levels of 80.13, 81.22 and 83.41 will be monitored. Support: 78.44 – 77.84 Resistance: 80.13 – 81.22
Following the US Consumer Inflation data, the willingness of the Fed to cut interest rates allowed the Classic Dollar Index to be suppressed and the positive trend to end. This attitude strengthened the optimism on the EURUSD and GBPUSD sides. During the week, following the ECB Interest Rate decision, President Lagarde, Fed Chairman Powell's speech at the Washington DC Economic Club, US Core Retail Sales and CPI data from the Euro Zone and the UK can be explained as important indicators to be followed during the week. The daily loss for the parity, which closed at 1.2971 on the previous trading day, was 0.03%. While the RSI indicator for the parity, which is below its 20-day moving average, is at 70.34, its momentum is at 102.30. The 1.2993 level can be followed in intraday upward movements. If this level is exceeded, the 1.3006 and 1.3016 resistances may become important. In possible pullbacks, 1.2951, 1.2930 and 1.2905 will be followed as support levels. Support: 1.2951 – 1.2930 Resistance: 1.2993 – 1.3006
Oil futures highlighted an upward trend following news that Iran approved an attack on Israel after the killing of the Hamas leader on its soil. The idea that diplomacy will now be much more difficult to establish after this news of death is predominant. The course of European and US stock markets can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 81.43 and a low of 78.39 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 3.75% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 45.73, while its momentum is at 96.63. The 81.42 level can be followed in intraday downward movements. If this level is broken, supports at 80.40, 78.37 and 77.36 may become important. In possible increases, resistance levels at 83.45, 84.56 and 85.49 will be monitored. Support: 81.42 – 80.40 Resistance: 83.45 – 84.56
The USD/JPY pair witnessed sharp fluctuations again in the early Asian session following the highly anticipated Japanese intervention in the foreign exchange market on Thursday, suggesting another intervention attempt. The USD/JPY pair was last seen trading around 157.96, up 0.25% on the day. The pair, which closed at 157.68 on Friday, gained 0.16% on the day. The RSI indicator for the pair, which is below its 20-day moving average, is at 47.66, while its momentum is at 98.93. The 157.460 level can be followed in intraday downward movements. If this level is broken, supports at 157.170 and 156.960 may become important. In possible increases, resistance levels at 158.170, 158.470 and 158.980 will be monitored. Support: 157.460 – 157.170 Resistance: 158.170 – 158.470
The Fed indicated that an interest rate cut could occur in September. On the other hand, Meta was priced upwards due to a better-than-expected balance sheet and strong expectations for the future. In addition, the positive atmosphere in chip manufacturers continues after the AMD balance sheet. Following this situation, unemployment benefit applications and ISM manufacturing PMI data can be monitored during the day for the Index that recovered. When we evaluate technically, as long as the downward demand is limited in the 19440 - 19355 region, the positive trend can continue. If the upward demand continues, there may be a movement area towards the 19620 and 19750 levels. In the alternative view, permanent pricing may be needed below the 19440 - 19355 region for the downward trend to become dominant. In this case, movements towards the 19280 and 19160 levels can be monitored. Support: 19440 - 19355 Resistance: 19620 - 19750
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.96. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.62 – 32.41 Resistance: 33.08 – 33.20
We watched the stock market indices in Europe end July on an optimistic note. The main index DAXEUR completed the process with a positive performance of under 2 percent. We will follow the issue of whether global stock market indices will be able to rise from the ashes, leaving the losses they exhibited behind in the new month dynamics. After yesterday's Fed, today's agenda will include the Bank of England BoE interest rate decision and President Bailey's speech, and tomorrow's Non-Farm Employment, Average Hourly Earnings and Unemployment Rate data. In addition, as in the US, it is important to follow company financial results on the European front. When we evaluate technically, as long as the 21 (18374) period exponential moving average currently supports the 18440 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18610 and 18690 levels. Support Levels are the 18440 - 18390 range. Support: 18440 – 18390 Resistance: 18610 – 18690
The political risks caused by the attack on former US President and re-election candidate Donald Trump and the strengthening of the Dollar due to this situation left room for some pressure on the ounce of gold in the short term. In terms of precious metal pricing, the Empire State manufacturing index and Fed Chairman Powell's speech can be monitored during the day. The daily loss for the ounce of gold, which closed at 2,409.91 on the previous trading day, was 0.23%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 61.86, while its momentum is at 104.86. The 2,415 level can be followed in intraday upward movements. If this level is exceeded, the 2,420 and 2,424 resistances may become important. In possible pullbacks, 2,400, 2,395 and 2,388 will be monitored as support levels. Support: 2400 - 2395 Resistance: 2415 - 2420
Bitcoin started to rise again last week and showed that it can leave all the bad scenarios behind. BTC, which has overcome the FUD threat that has been on it for many years, has taken another step to make its future brighter with TRUMP's statements. Despite breaking the 70,000 band, it fell below 64,000 with the profit sales. It seems that we will not wait long for 100 thousand this time if it breaks 70,000 again. BITCOIN, which was at the level of 64,230 while the analysis was being prepared, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. On the technical side, BTC, after breaking the daily band of $ 65,590, the most important support level in open retreats is $ 63,520. If the sell position continues from here, we can see a retreat to $ 61,930. Support: 63520 – 61930 Resistance: 65590 – 66740
After the crude oil futures contract questioned the 81.50-81.00 support after the maturity change, it highlighted the recovery effort. At the same time, the attitude of this region, where the 200-period exponential moving average is located, will be monitored. The course of European and US stock exchanges can be monitored during the day. As long as the prices remain at and above the 81.50-81.00 support, the upward trend may continue. In possible increases, 83.00 and 83.50 levels can be targeted. As long as possible pullbacks are limited to the 81.50-81.00 support, new upside potential may occur. Therefore, it may be necessary to see the course below 81.50 and 4-hour closings for the continuation of the downward desire. In this case, the 80.50 and 80.00 levels may come to the agenda. Support: 81.50-81.00 Resistance: 83.00-83.50
US natural gas futures were subject to profit taking yesterday after being limited by the 2.110-2.140 resistance and maintained their downward outlook. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 1.98-1.92 support, the upward outlook may be in the foreground. In possible increases, 2.08-2.15 levels can be targeted. In possible decreases, the attitude of the 1.98-1.92 support can be followed. A break of this support and hourly closings in the region may bring the 1.84 and 1.78 levels to our agenda. Support: 1.98-1.92 Resistance: 2.08-2.15
Oil futures Last Week After the inflation data, the weakening dollar and the International Energy Agency's prediction that global demand will increase, some of their losses. The course of European and US stock markets can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 85.43 and a low of 84.19 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.26% daily. The RSI indicator for the commodity, which is above its 20-day moving average, is at 52.76, while its momentum is at 101.11. The 84.60 level can be followed in intraday downward movements. If this level is dropped below, the supports of 84.18 and 83.67 may become important. In possible increases, the resistance levels of 85.83 and 86.44 will be followed. Support: 84.60 - 84.18 Resistance: 85.83 - 86.44
The Classic Dollar Index continues its course below the 104.50 - 105.00 range, which represents the 34 and 100-day averages, with the ending uptrend we base it on. This attitude is a supportive development for the positive reaction of EURUSD and GBPUSD. In particular, pricing below 103.25 may further strengthen the relevant thought. Otherwise, a squeeze between 103.25 - 105.00 may be observed for a while. The 103.910 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.830 and 103.690 may become important. In possible increases, the resistance levels of 104.230 and 104.450 will be monitored. Support: 103.910-103.830 Resistance: 104.230-104.450
After the Trump assassination attempt in the US over the weekend, it was a matter of curiosity how US Futures would open. There is no negative situation in sight at the moment. Following the data showing that inflation continued to cool last week, the increase in the desire to switch to riskier assets accelerated the exit from technology companies that have recently gained market weight, creating pressure on the indices. When we evaluate technically, as long as the 21 (20090) period exponential moving average currently supports the 20290 - 20185 region, the positive trend may continue. If the upward desire continues, there may be a movement area towards the 20460 and 20610 levels. In the alternative view, permanent pricing may be needed below the 20290 - 20185 region for the downward trend to become dominant. In this case, movements towards the 20040 and 19860 levels can be monitored. Support: 20290 – 20185 Resistance: 20460 – 20610
It is the first trading day of the week. With the optimistic pricing reaction observed in European Indices last week, European indices except the French index closed the week positively. The best performance among the indices came from the Netherlands with close to 1.70 percent, while Spain with 1.33 percent and Italy with 0.97 percent can be explained as the following optimistic indices. While Dax40 kept its movement area in the partially positive region due to the fluctuating pricing it created this week (intense buyer-seller struggle), recent movements allowed the index to complete the week in a better region. When we evaluate technically, as long as the 21 (18374) period exponential moving average currently supports 18590, the positive trend may continue. If the upward demand continues, a movement area towards 18780 and 18850 levels may occur. Support Levels are between 18590 and 18480. Support: 18590 – 18480 Resistance: 18780 – 18850
Bitcoin managed to recover despite the fact that it was sweating last week. The purchases that came during the weekend helped it find more strength. It continues to rise by taking the fruits of this within the first business day of the week. The price, which climbed up to $ 62,770 at the time of preparation of the analysis, has taken back all the decline it made after the Hack Incident. On the technical side, after breaking the daily $ 63590 band, the most important support level is $ 62020 in open retreats up to $ 64740. If the sell position continues from here, we can see a retreat to $ 60930. Support: 62020 - 60930 Resistance: 63590 - 64740
The natural gas futures contract maintained its under-pressure outlook yesterday after the US Energy Information Administration announced a higher-than-expected increase in stocks. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.13-2.08 support, an upward outlook may be at the forefront. In possible increases, 2.27 and 2.32 levels can be targeted. In possible decreases, the attitude of the 2.13-2.08 support can be followed. A break of this support and hourly closings in the region may bring the 2.01 and 1.94 levels to our agenda. Support: 2.13-2.08 Resistance: 2.27-2.32
While we insist on the Classic Dollar Index and are in the decision phase regarding whether it will continue its upward trend within the 103.50 - 104.00 region where the 34 and 100-day exponential moving averages are located, the US CPI data result should be followed carefully. In addition, the index's performance on the first day of the week will be followed carefully for the roadmap of the parities. While permanent movements above the 104.10 level may confirm the index's upward trend, permanent movements below 104.10 can be recorded as an important confirmation element for the EURUSD and GBPUSD rise. The 104.010 level can be followed in intraday downward movements. In case of falling below this level, the 103.930 and 103.790 supports may become important. In possible increases, 104,330 and 104,550 will be monitored as resistance levels. Support: 104.010-103,930 Resistance: 104,330-104,550
The more than expected cooling of employment data in the US caused recession concerns to flare, while the 10-year Treasury bond yield remained under pressure. This situation allowed the pressure on the Dollar Index to continue, while EURUSD found room to move upwards. ISM services PMI can be monitored during the day. The daily gain for the pair, which closed at 1.0935 on the previous trading day, was 0.22%. The RSI indicator for the pair, which is above its 20-day moving average, is at 62.53, while its momentum is at 100.36. The 1.0912 level can be monitored in intraday downward movements. If this level is broken, the supports at 1.0889 and 1.0876 may become important. In possible increases, 1.0949, 1.0963 and 1.0986 will be monitored as resistance levels. Support: 1.0912 – 1.0889 Resistance: 1.0949 – 1.0963
The more than expected cooling of employment data in the US caused recession concerns to be fueled, while the 10-year Treasury bond yield remained under pressure. This situation allowed the pressure on the Dollar Index to continue, while EURUSD found room for upward movement. ISM services PMI can be monitored during the day. The daily loss for the parity, which closed at 1.2796 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is below its 20-day moving average, is at 46.22, while its momentum is at 98.85. The 1.2779 level can be monitored in intraday downward movements. If this level is broken, the supports at 1.2762 and 1.2747 may become important. In possible increases, 1.2811, 1.2826 and 1.2843 will be monitored as resistance levels. Support: 1.2779 – 1.2762 Resistance: 1.2811 – 1.2826
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, the breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when considered together with the more recent break below the July low of 149.15, it has given the chart a much more bearish outlook. The downward movement observed in the dollar index is pressuring the pair to the downside. The pair, which closed at 143.14 on the previous trading day, has a daily loss of 2.02%. The pair, which is below its 20-day moving average, has an RSI of 11.86, while its momentum is at 90.96. Intraday upside movements can be followed at 143.97. If this level is passed, resistance levels of 145.72, 148.29 and 150.04 may become important. In case of possible pullbacks, support levels of 141.39, 139.65 and 137.07 will be monitored. Support: 141.390 – 139,650 Resistance: 143.970 – 145.720
Gold is trading near record highs with expectations that the US Federal Reserve will cut interest rates three times this year. Gold started the day on the rise. The ounce price of gold, which climbed to $2,439 yesterday, is trading at $2,432 this morning, up 0.4 percent. Investors expect interest rates to be cut at least twice in 2024 as inflation slows in the US. Goldman Sachs stated in July that they saw a "strong case" for interest rate cuts, while the possibility of three interest rate cuts this year tested above 60 percent on Monday. Gold prices moved in a relatively narrow band until June, but rallied this month with expectations that the Fed would ease. In his speech yesterday, Fed Chairman Jerome Powell said that the latest data provided more confidence that inflation was moving towards the target. Gold prices have also found support from the purchases of central banks this year. Standard Chartered analyst Zhong Liang Han noted that gold will consolidate close to its previous record, but that there needs to be a "significant change" in Fed rate cut expectations for a new record. The expert said, "Currently, policy rate expectations are guiding prices, but if political uncertainties come back into play, this will also guide prices." Gram gold is also trading at 2,581 liras, up 0.4 percent this morning.
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.26. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.38, 33.50 and 33.78 levels can be observed. Permanent movements above 33.78 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.92 – 32.81 Resistance: 33.38 – 33.50
The more than expected cooling of employment data in the US caused recession concerns to be fueled, while the 10-year Treasury bond yield remained under pressure. On the other hand, as the geopolitical risk perception in the Middle East remained high, the ounce of gold continued to rise. For the precious metal, the ISM services PMI can be monitored during the day. As long as it remains above the level of 2,442.49, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,454.11 on the previous trading day, was 0.47%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 61.69, while its momentum is at 100.36. The 2,433.12 level can be monitored for intraday downward movements. If this level is exceeded, the supports at 2,426.15, 2,398.20 and 2,381.86 may become important. In possible increases, 2,470.44, 2,486.78 and 2,514.73 will be monitored as resistance levels. Support: 2433 - 2426 Resistance: 2470 - 2486
Fed Chairman Powell stated that the last 3 inflation data received in the 2nd quarter strengthened the scenario that it was moving towards the target and that expectations that the slowdown would continue gave confidence, but he reiterated that he should wait in the interest rate policy for more desire to be formed for the 2% target. While the speeches of Fed officials are on the calendars in general this week. When we look at today, the German ZEW Economic Sentiment from the Euro Zone and the Core Retail Sales data from the US can be followed. The upward movement observed in the Dollar index in the EURUSD Parity is pressuring the parity downward. The daily loss for the parity, which closed at 1.0893 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is above its 20-day moving average, is at 63.75, while its momentum is at 101.67. The 1.0901 level can be followed in intraday upward movements. If this level is exceeded, the 1.0909 and 1.0915 resistances may become important. In case of possible pullbacks, 1.0881 and 1.0873 will be monitored as support levels. Support: 1.0881 – 1.0873 Resistance: 1.0901 – 1.0909
Oil futures were under pressure last week due to weak US data that triggered concerns about a recession in the global economy. It was seen that the pressure continued due to the negative impact of the expectation of an Iranian attack on Israel on the economies rather than supply-side concerns. The course of European and US stock markets can be followed during the day. On the WTI side, a downward trend parallel to Brent oil is dominant. WTI oil saw a high of 76.73 and a low of 72.49 on the previous trading day. The 74.28 level can be followed in intraday upward movements. If this level is exceeded, the resistance levels of 76.08, 78.52 and 80.31 may become important. In possible pullbacks, the support levels of 71.84, 70.05 and 67.61 will be monitored. Support: 71.84 – 70.05 Resistance: 74.28 – 76.08
Fed Chairman Powell stated that the last 3 inflation data received in the 2nd quarter strengthened the scenario that it was moving towards the target and that expectations that the slowdown would continue gave confidence, but he reiterated that he should wait in the interest rate policy for more demand to be created for the 2% target. While the speeches of Fed officials are on the calendars in general this week. When we look at today, the German ZEW Economic Sentiment from the Euro Zone and the Core Retail Sales data from the US can be followed. The upward movement observed in the dollar index is pressuring the parity downward. The daily loss for the parity, which closed at 1.2963 on the previous trading day, was 0.04%. The RSI indicator for the exchange rate, which is below its 20-day moving average, is at 71.28, while its momentum is at 102.52. The 1.2972 level can be followed in intraday upward movements. If this level is exceeded, the 1.2980 and 1.2985 resistances may become important. In case of possible pullbacks, 1.2958 and 1.2945 will be monitored as support levels. Support: 1.2958 – 1.2945 Resistance: 1.2972 – 1.2980
Oil futures were under pressure last week due to weak US data that triggered concerns about a recession in the global economy. It was observed that the pressure continued due to the negative impact of the expectation of an Iranian attack on Israel on the economies rather than supply-side concerns. The course of European and US stock markets can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 80.31 and a low of 76.31 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 3.26% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 33.83, while its momentum is at 91.66. The 77.98 level can be followed for intraday upward movements. If this level is exceeded, the resistances of 79.66, 81.99 and 83.67 may become important. In case of possible pullbacks, 75.65, 73.98 and 71.65 will be monitored as support levels. Support: 75.65 – 73.98 Resistance: 77.98 – 79.66
The USD/JPY pair experienced heavy selling pressure against the US Dollar earlier today, with Japanese Chief Cabinet Secretary Yoshimasa Hayashi making some verbal interventions, stating that he believes the exchange rate should reflect fundamentals. The pair is seen to be on the rise due to the appreciation of the dollar. The upward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 158.68 on the previous trading day, was 0.39%. The RSI indicator for the pair, which is below its 20-day moving average, is at 46.23, while its momentum is at 98.63. The 158.46 level can be followed for intraday downward movements. If this level is broken, the support levels of 158.19 and 157.71 may become important. In case of possible increases, the resistance levels of 158.95, 159.22 and 159.70 will be monitored. Support: 158.460 – 158.190 Resistance: 158.950 – 159.220
The fact that employment data in the US has cooled more than expected has fueled concerns about a recession, while the 10-year Treasury bond yield remained under pressure. On the other hand, Warren Buffet selling nearly half of his Berkshire Hathaway and Apple shares has also allowed the pressure in the technology sector to increase. The NDXUSD Index remained under pressure due to this situation. Following this situation, the ISM services PMI can be monitored during the day for the Index that recovered. When we evaluate it technically, as long as it limits the downward demand in the 17240 - 17155 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17420 and 17550 levels. In the alternative view, permanent pricing may be needed below the 17240 - 17155 area for the downward trend to become dominant. In this case, movements towards the 17080 and 16960 levels can be monitored. Support: 17240 – 17155 Resistance: 17420 – 17550
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.00. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.08, 33.20 and 33.48 levels can be observed. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.62 – 32.41 Resistance: 33.08 – 33.20
The more than expected cooling of employment data in the US caused recession concerns to flare, while the 10-year Treasury yield remained under pressure. This situation affected the global indices to be suppressed, while the DAX40 also displayed pricing where pullbacks were at the forefront. Technically speaking, as long as the 21 (17074) period exponential moving average currently supports the 17140 level, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17310 and 17490 levels. Support Levels are the 17140 – 17010 range. Support: 17140 – 17010 Resistance: 17310 – 17490
Fed Chairman Powell stated on Monday that the latest inflation data provided confidence that it was declining towards the target and that the Fed would not wait for inflation to reach the 2% target to lower interest rates. These statements supported expectations that interest rates would be lowered and in the short term, ounces of gold gained strength from this situation. In terms of precious metal pricing, retail sales data can be monitored during the day. As long as it remains above the 2,426.18 level, we can see upward momentum. The daily gain for ounces of gold, which closed at 2,426.88 on the previous trading day, was 0.19%. The RSI indicator for ounces of gold, which is above its 20-day moving average, is at 64.55, while its momentum is at 104.31. The 2,426 level can be monitored for intraday downward movements. If this level is exceeded, the supports of 2,420, 2,414.68 and 2,409 may become important. In possible increases, 2,437 and 2,443 will be monitored as resistance levels. Support: 2426 - 2420 Resistance: 2437 - 2443
After Bitcoin overcame many FUD stories last week, profit sales came when the positive effect of the American elections on the crypto market was completed. In the new week, there is a hard sale due to the war danger caused by the IRAN HIZBULLAH ISRAEL Triangle. While the Analysis is being prepared, BITCOIN, which is at the level of 52630, can stay strong, which shows us that it may not go below $ 50000. On the technical side, after BTC broke the daily $ 53590 band, the most important support level is $ 51520 in open retreats up to $ 55740, if the selling position continues from here, we can see a retreat to $ 50030. Support: 51520 - 50030 Resistance: 53590 - 55740
Oil futures are showing an image stuck between the outlook for the Chinese economy and expectations for a Fed rate cut. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. As long as prices remain below the 81.00 - 80.50 supports, a downward view may be at the forefront. In possible declines, 80.00 and 79.50 levels can be targeted. As long as possible recoveries are limited to the 81.00 - 80.50 supports, new downward potential may occur. Therefore, for the continuation of the upward desire, it may be necessary to see the course above 81.50 and 4-hour closings. In this case, the 82.00 and 82.50 levels may come to the agenda. Support: 81.00 - 80.50 Resistance: 82.00 - 82.50
While US natural gas futures were suppressed last week after weather forecasts indicated cooler conditions, we see this pattern continuing with the opening of the new week. In addition to the effects of weather forecasts during the week, US stock and production figures will continue to be monitored. As long as prices remain above the 1.82 - 1.78 support, an upward trend may be at the forefront. In possible increases, 1.95 - 2.02 levels may be targeted. In possible decreases, the attitude of the 1.82 - 1.78 support may be monitored. A break of this support and possible hourly closings in the region may bring the 1.70 and 1.64 levels to our agenda. Support: 1.82 - 1.78 Resistance: 1.95 - 2.02
Oil futures are showing an image stuck between the outlook for the Chinese economy and expectations for a Fed rate cut. The course of European and US stock markets and the stock figures to be announced by the American Petroleum Institute can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 85.68 and a low of 84.87 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.26% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 48.36, while its momentum is at 98.87. The 85.27 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 85.67, 86.08 and 86.48 may become important. In possible pullbacks, 83.87, 83.46 and 83.06 will be monitored as support levels. Support: 83.87 – 83.46 Resistance: 85.27 – 85.67
The Classic Dollar Index continues its course below the indicators we base it on (103.85 - 104.50 region) before the critical US data. However, for clearer declines in the index, persistence below 103.25 is especially important. It should not be forgotten that permanent movements above the 105 level are needed for the current scenario to be considered invalid. The 102.610 level can be followed in intraday downward movements. In case of falling below this level, the supports of 102.430 and 102.190 may become important. In possible increases, the 102.930 and 103.150 resistance levels will be followed. Support: 102.610-102.430 Resistance: 102.930-103.150
Fed Chairman Powell stated on Monday that the latest inflation data gave confidence that it was declining towards the target and that the Fed would not wait for inflation to reach the 2% target to lower the interest rate. These statements supported the expectations that the interest rate would be lowered and supported the NDXUSD index to recover somewhat. In terms of index pricing, retail sales data can be monitored during the day. Technically, as long as it limits the downward demand in the 20390 - 20295 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 20490 and 20610 levels. In the alternative view, permanent pricing may be needed below the 20390 - 20295 area for the downward trend to become dominant. In this case, movements towards the 20140 and 19960 levels can be monitored. Support: 20390 - 20295 Resistance: 20490 - 20610
European indices started the week with a negative performance before the ECB Interest Rate Decision and President Lagarde's speech. After England and France, the election calendar will focus on whether Ursula von der Leyen will continue as EU Commission President. The voting is expected to start at 14:00 on July 18. When we focus on today, we will follow the German ZEW Economic Sentiment and US Core Retail Sales data. Technically, as long as the 21 (18374) period exponential moving average currently supports the 18490 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18680 and 18750 levels. Support Levels are the 18490 - 18380 range. Support: 18490 - 18380 Resistance: 18680 - 18750
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins this week, thus leaving behind this situation that has been a nightmare in the Coin Market for 10 years. With the entry of ETFs into our lives, BITCOIN can stand strong even in the biggest FUD Events, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. BTC, which showed instant fluctuations around $ 63,717, On the technical side, after breaking the daily $ 64,590 band, it is open to $ 65,740 in pullbacks, and the most important support level is $ 63,020. If the sell position continues from here, we can see a pullback to $ 61,930. Support: 63,020 - 61,930 Resistance: 64,590 - 65,740
US natural gas futures continued to be suppressed by weak demand compared to high production levels. The course of European and US stock markets can be followed during the day. As long as prices remain above the 2.03-1.98 support, an upward outlook may be at the forefront. In possible increases, 2.17 and 2.22 levels can be targeted. In possible decreases, the attitude of the 2.03-1.98 support can be monitored. A break of this support and possible hourly closings in the region may bring the 1.91 and 1.84 levels to our agenda. Support: 2.03-1.98 Resistance: 2.17-2.22
While we insist on the Classic Dollar Index and are in the decision phase regarding whether it will continue its upward trend within the 103.50 - 104.00 region where the 34 and 100-day exponential moving averages are located, the US CPI data result should be followed carefully. In addition, the index's performance on the first day of the week will be followed carefully for the roadmap of the parities. While permanent movements above the 104.10 level may confirm the index's upward trend, permanent movements below 104.10 can be recorded as an important confirmation element for the EURUSD and GBPUSD rise. The 104.110 level can be followed in intraday downward movements. In case of falling below this level, the 103.930 and 103.790 supports may become important. In possible increases, 104,430 and 104,650 will be monitored as resistance levels. Support: 104,110-103,930 Resistance: 104,430-104,650
In the US, recession fears have eased somewhat and markets have generally shown some relief. With recession concerns strengthening expectations of aggressive interest rate cuts by the Fed, the Euro, which has benefited from the weakening of the dollar, is trading at its highest levels in the last seven months. The daily loss for the pair, which closed at 1.0951 on the previous trading day, was 0.01%. The RSI indicator for the pair, which is above its 20-day moving average, is at 63.84, while its momentum is at 100.62. The 1.0963 level can be followed in intraday upward movements. If this level is exceeded, the 1.0974 and 1.0984 resistances may become important. In possible pullbacks, 1.0942, 1.0932 and 1.0921 will be monitored as support levels. Support: 1.0942 – 1.0932 Resistance: 1.0963 – 1.0974
In the US, recession fears have eased somewhat and markets have generally shown some relief. Although recession concerns have strengthened expectations of aggressive interest rate cuts by the Fed, expectations that the BoE may cut interest rates more quickly left room for the GBPUSD pair to decline. The daily loss for the pair, which closed at 1.2775 on the previous trading day, was 0.02%. The RSI indicator for the pair, which is below its 20-day moving average, is at 44.37, while its momentum is at 98.91. The 1.2798 level can be followed in intraday upward movements. If this level is exceeded, the 1.2821 and 1.2837 resistances may become important. In possible pullbacks, 1.2759, 1.2743 and 1.2720 will be monitored as support levels. Support: 1.2759 – 1.2743 Resistance: 1.2798 – 1.2821
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, the breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 149.15, it has given the chart a much more bearish outlook. The downward movement observed in the dollar index is pressuring the pair to the downside. The pair, which closed at 145.56 the previous trading day, has gained 0.96% on the day. The RSI indicator for the pair, which is below its 20-day moving average, is at 20.67, while its momentum is at 92.45. The 144.80 level can be followed for intraday downside movements. If this level is broken, support levels of 144.01, 142.46 and 141.28 may become important. In case of possible increases, resistance levels of 146.74, 147.92 and 149.48 will be monitored. Support: 144.880 – 144.010 Resistance: 146.740 – 147.920
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.34. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.58, 33.70 and 33.98 levels can be observed. Permanent movements above 33.98 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 33.12 – 32.91 Resistance: 33.58 – 33.70
After the recession concerns in the US eased somewhat, the markets showed some relief. The ounce gold price is holding above the 2400 level again today after declining on the first trading day of the week. In addition, the geopolitical risk perception remains high, supporting the demand for a safe haven. As long as it remains below the 2,410 level, we may see downward easing. The daily loss for the ounce of gold, which closed at 2,407.38 on the previous trading day, was 0.13%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 51.92, while its momentum is at 100.27. The 2,415 level can be followed in intraday upward movements. If this level is exceeded, the 2,423 and 2,429 resistances may become important. In case of possible pullbacks, 2,401, 2,396.25 and 2,387.96 will be monitored as support levels. Support: 2415 - 2423 Resistance: 2401 - 2396
Oil futures have shown an upward trend from the lowest levels seen since January-February due to the recovery efforts in stock markets. In addition to Asian indices and US stock exchanges that have shown an effort to recover after yesterday's sharp decline, the halt in production in Sharara, Libya's largest oil production field, due to internal conflicts, has also been effective in this picture. The course of European and US stock exchanges and the stock figures to be announced by the American Petroleum Institute can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 74.82 and a low of 72.18 on the previous trading day. The 73.84 level can be followed in intraday downward movements. If this level is dropped below, the supports at 71.85, 70.20 and 69.21 may become important. In possible increases, the resistance levels of 75.49, 76.48 and 77.13 will be monitored. Support: 73.84 – 72.85 Resistance: 75.49 – 76.48
Oil futures have shown an upward trend from the lowest levels seen since January-February due to the recovery efforts in stock markets. In addition to Asian indices and US stock exchanges that have shown an effort to recover after yesterday's sharp decline, the halt in production in Sharara, Libya's largest oil production field, due to internal conflicts, has also been effective in this picture. Brent oil saw a high of 77.30 and a low of 74.94 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.16% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 33.53, while its momentum is at 91.97. The 76.48 level can be followed in intraday downward movements. If this level is dropped, the supports of 75.66, 74.12 and 73.30 may become important. In possible increases, the resistance levels of 78.03, 78.85 and 80.39 will be monitored. Support: 76.48 – 75.66 Resistance: 78.03 – 78.85
We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US, and the Barkin and Waller speech from Fed officials on today's calendar. The daily gain for the parity, which closed at 1.0903 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is above its 20-day moving average, is at 65.01, while its momentum is at 101.51. The 1.0896 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0889 and 1.0883 may become important. In possible increases, the resistance levels of 1.0915 and 1.0922 will be followed. Support: 1.0896 – 1.0889 Resistance: 1.0915 – 1.0922
After the recession concerns in the US eased somewhat, the markets showed some relief. Nvidia, Tesla, Microsoft and Apple remained under pressure and became the leaders of the pullbacks in the technology sector. Following this situation, the NDXUSD Index showed some recovery. Technically, as long as the downward demand is limited in the 18140 - 18055 area, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18420 and 18550 levels. In the alternative view, permanent pricing may be needed below the 18140 - 18055 area for the downward trend to become dominant. In this case, movements towards the 18080 and 17960 levels can be monitored. Support: 18140 - 18055 Resistance: 18420 - 18550
We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US and the Barkin and Waller speech from Fed officials on today's calendar. The daily loss for the parity, which closed at 1.2968 on the previous trading day, was 0.04%. The RSI indicator for the parity, which is below its 20-day moving average, is at 71.53, while its momentum is at 102.52. The 1.2976 level can be followed in intraday upward movements. If this level is exceeded, the 1.2984 and 1.2988 resistances may become important. In possible pullbacks, 1.2959 and 1.2951 will be followed as support levels. Support: 1.2959 – 1.2951 Resistance: 1.2976 – 1.2984
The cooling down of employment data in the US than expected caused recession concerns to be fueled, while the 10-year Treasury bond yield remained under pressure. While this situation affected the suppression of global indices, markets showed some relief after recession concerns in the US eased somewhat. The DAX40 also tried to keep up with this to some extent. When we evaluate it technically, as long as the 21 (17174) period exponential moving average currently supports the 17340 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 17610 and 17790 levels. Support Levels are the 17340 – 17210 range. Support: 17340 – 17210 Resistance: 17610 – 17790
The USD/JPY pair experienced heavy selling pressure against the US Dollar earlier today, while Japanese Chief Cabinet Secretary Yoshimasa Hayashi made some verbal interventions, stating that he believes the exchange rate should reflect the fundamentals. The pair is seen to be on the rise due to the appreciation of the dollar. The downward movement observed in the dollar index is pressuring the pair downwards. The daily loss for the pair, which closed at 158.24 on the previous trading day, was 0.06%. The RSI indicator for the pair, which is below its 20-day moving average, is at 43.18, while its momentum is at 98.01. The 158.36 level can be followed in intraday upward movements. If this level is exceeded, the resistances at 158.50, 158.76 and 158.90 may become important. In possible pullbacks, 158.10, 157.96 and 157.70 will be monitored as support levels. Support: 158,100 – 157,960 Resistance: 158,360 – 158,500
Bitcoin experienced the highest volatility of recent times yesterday, BTC, which fell below $ 50,000 during the day, albeit in a short time frame, managed to rise more than 10% and rise above $ 55,000 after the markets showed some relief after the recession concerns in the US were somewhat reduced. In addition, geopolitical risk perception remains high, it is useful to be careful. BITCOIN, which was at the level of 55930 while the analysis was being prepared, can remain strong, which shows us that it may not go below $ 50,000. On the technical side, BTC, after breaking the daily $ 56590 band, is the most important support level at $ 53520 in open retreats up to $ 57740, if the sell position continues from here, we can see a retreat to $ 52030. Support: 53520 - 52030 Resistance: 56590 - 57740
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.06. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.18, 33.30 and 33.58 levels can be observed. Permanent movements above 33.58 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.82 – 32.61 Resistance: 33.18 – 33.30
Although US natural gas futures received support from the recovery effort of the selling wave seen in global markets on Monday, the downward outlook has been preserved for now due to the previous period's downward marathon. The course of European and US stock exchanges can be followed during the day. As long as the prices remain above the 1.82 - 1.78 support, the upward outlook may be in the foreground. In possible increases, 1.98 - 2.02 levels can be targeted. In possible decreases, the attitude of the 1.88 - 1.82 support can be followed. A break of this support and hourly closings in the region may bring the 1.78 and 1.69 levels to our agenda. Support: 1.88 - 1.82 Resistance: 1.98 - 2.02
With Fed Chair Powell stating that they will not wait for inflation to reach the 2% target to lower the Fed's interest rate, the market strengthened its expectations for a rate cut. With the support of this situation, the ounce of gold broke a record by exceeding the 2480 level. In terms of precious metal pricing, construction permits, industrial production and FOMC member Waller's speech can be monitored during the day. As long as it remains below the 2,471.69 level, we can see downward easing. The daily loss for the ounce of gold, which closed at 2,468.45 on the previous trading day, was 0.01%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 69.78, while its momentum is at 105.85. The 2,475 level can be followed in intraday upward movements. If this level is exceeded, the 2,481 and 2,489 resistances may become important. In case of possible pullbacks, 2,460, 2,453 and 2,442 will be monitored as support levels. Support: 2460 - 2453 Resistance: 2475 - 2481
The Classic Dollar Index continues its course below the indicators we base it on (103.85 - 104.50 region) before the critical US data. However, for clearer declines in the index, persistence below 103.25 is especially important. It should not be forgotten that permanent movements above the 105 level are needed for the current scenario to be considered invalid. The 102.710 level can be followed in intraday downward movements. In case of falling below this level, the supports of 102.630 and 102.390 may become important. In possible increases, the 103.030 and 103.150 resistance levels will be followed. Support: 102.710-102.630 Resistance: 103.030-103.150
Oil futures continued to be under pressure, especially with the outlook for weakness in Chinese imports, despite the American Petroleum Institute's announcement of a 4.4 million barrel decrease in inventories. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 81.94 and a low of 80.27 on the previous trading day. The 80.99 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 81.71, 82.66 and 83.38 may become important. In possible pullbacks, 80.05, 79.33 and 78.38 will be monitored as support levels. Support: 80.05 - 79.33 Resistance: 80.99 - 81.71
Oil futures continued to remain under pressure, especially with the outlook for weakness in Chinese imports, despite the American Petroleum Institute's announcement of a 4.4 million barrel decrease in inventories. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 85.26 and a low of 83.71 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.38% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 42.57, while its momentum is at 97.93. The 84.36 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 85.00, 85.90 and 86.55 may become important. In possible pullbacks, 82.46, 81.82 and 80.92 will be monitored as support levels. Support: 82.46 – 81.82 Resistance: 84.36 – 85.00
With Fed Chairman Powell stating that they will not wait for inflation to reach the 2% target to lower the Fed's interest rate, the market strengthened its interest rate cut expectations. With the support of this situation, it supported the NDXUSD index to limit its pullbacks. In terms of index pricing, construction permits, industrial production and FOMC member Waller's speech can be monitored during the day. When we evaluate technically, as long as it limits the downward demand in the 20290 - 20195 region, the positive trend can continue. If the upward demand continues, there may be a movement area towards the 20390 and 20510 levels. In the alternative view, permanent pricing may be needed below the 20290 - 20195 region for the downward trend to become dominant. In this case, movements towards the 20090 and 19960 levels can be monitored. Support: 20290 - 20195 Resistance: 20390 - 20510
European indices continue to perform negatively ahead of the ECB Interest Rate Decision and President Lagarde's speech. As we approach the middle of the week, the one that feels the most pressure among the indices is Euro Stoxx with a loss of nearly 2 percent, while the losses in the DAXEUR index have exceeded 1 percent. However, when we look at the European region indices on a monthly basis, it should not be ignored that they continue to move in the positive region despite this week's negative performance. When we evaluate technically, as long as the 21 (18374) period exponential moving average currently supports the 18490 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18680 and 18750 levels. Support Levels are the 18490 - 18380 range. Support: 18490 - 18380 Resistance: 18680 - 18750
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins this week, thus leaving this situation, which has been a nightmare in the Coin Market for 10 years, behind. With the entry of ETFs into our lives, BITCOIN can stand strong even in the biggest FUD Events, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. BTC, which showed instant fluctuations around $ 65,917, On the technical side, after breaking the daily $ 66,590 band, it is open to $ 67,740 in the future, the most important support level is $ 64,520. If the selling position continues from here, we can see a pullback to $ 62,930. Support: 64,520 - 62,930 Resistance: 66,590 - 67,740
While US natural gas futures continue to be under pressure with high production and inventory levels, they have been following a near-horizontal pricing since yesterday. The course of European and US stock exchanges can be followed during the day. As long as the prices remain above the 2.08 - 2.03 support, an upward outlook may be at the forefront. In possible increases, 2.21 and 2.27 levels can be targeted. In possible decreases, the attitude of the 2.08 - 2.03 support can be followed. A break of this support and hourly closings in the region may bring the 1.98 and 1.91 levels to our agenda. Support: 2.08 - 2.03 Resistance: 2.21 - 2.27
We are in the middle of the week. The classic Dollar Index is following a profile that is trying to adapt to the new negative outlook. Our main focus on the fundamental headlines will be the European Central Bank Interest Rate decision on Thursday and especially the messages to be given in President Lagarde's speech regarding the timing of the next interest rate cut. Before the ECB, we will follow the CPI data from the UK and the Eurozone, the Building Permits and Industrial Production data from the US, and the Barkin and Waller speech from Fed officials on today's calendar. The 104,010 level can be followed in intraday downward movements. If this level is dropped below, the supports of 103,830 and 103,690 may become important. In possible increases, the resistance levels of 104,430 and 104,650 will be followed. Support: 104,010-103,830 Resistance: 104,430-104,650
In the middle of the week, the upward movement of the US 10-year Treasury bond yield put pressure on the EURUSD pair. After the markets eased their recession concerns, the effect of the increase in the 10-year yield began to be felt. On the other hand, the Dollar Index is also putting pressure on it with the support of the recovery in the 10-year interest rate. It is observed that the parity is falling due to the appreciation of the dollar. The upward movement observed in the dollar index is putting downward pressure on the parity. The daily loss for the parity, which closed at 1.0915 on the previous trading day, was 0.15%. The RSI indicator for the parity, which is above its 20-day moving average, is at 58.24, while its momentum is at 100.22. The 1.0921 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 1.0931, 1.0946 and 1.0956 may become important. In case of possible pullbacks, 1.0895 and 1.0880 will be monitored as support levels. Support: 1.0895 – 1.0880 Resistance: 1.0921 – 1.0931
We are on the most important day of the week. The European Central Bank ECB will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the President's reaction to the September interest rate cut scenario, which is insisted on in the swap market, is important. The daily loss for the parity, which closed at 1.0934 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is above its 20-day moving average, is at 67.55, while its momentum is at 101.76. The 1.0941 level can be followed in intraday upward movements. If this level is exceeded, the 1.0947 and 1.0952 resistances may become important. In possible pullbacks, 1.0930, 1.0925 and 1.0919 will be followed as support levels. Support: 1.0930 – 1.0925 Resistance: 1.0941 – 1.0947
We are on the most important day of the week. The European Central Bank ECB will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the reaction of the President to the September interest rate cut scenario, which is insisted on in the swap market, is important. The daily loss for the parity, which closed at 1.3003 on the previous trading day, was 0.05%. The RSI indicator for the parity, which is below its 20-day moving average, is at 73.35, while its momentum is at 102.51. The 1.3012 level can be followed in intraday upward movements. If this level is exceeded, the 1.3022 and 1.3028 resistances may become important. In possible pullbacks, 1.2990 and 1.2980 will be followed as support levels. Support: 1.2990 – 1.2980 Resistance: 1.3012 – 1.3022
USD/JPY is falling sharply from its early July highs. After peaking at 161.95 on July 3, it fell more than five Japanese yen to 156.50 on July 17. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 157.15, it has given the chart a much more bearish outlook. The pair closed at 156.39 the previous trading day, bringing the daily gain to 0.14%. The pair, which is below its 20-day moving average, has an RSI of 34.95, while its momentum is at 96.87. The intraday downside is likely to be seen at 155.65. If this level is broken, the supports at 154.90 and 154.44 may become important. In case of possible increases, the resistance levels at 156.85, 157.32 and 158.06 will be monitored. Support: 155.650 – 154.900 Resistance: 156.850 – 157.320
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.09. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.18, 33.30 and 33.58 levels can be observed. Permanent movements above 33.58 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.82 – 32.61 Resistance: 33.18 – 33.30
In the short term, after the previous peak level was tested with profit sales, the ounce of gold recorded a slight recovery in the short term in an environment where the Fed's interest rate cut scenarios are strengthened. In terms of precious metal pricing, the ECB monetary policy statement and the Philadelphia Fed manufacturing index can be monitored during the day. As long as it remains above the 2,464.71 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,467.56 on the previous trading day, was 0.36%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 68.38, while its momentum is at 105.88. The 2,460 level can be followed in intraday downward movements. If this level is exceeded, the 2,453 and 2448 supports may become important. In possible increases, the 2,476 and 2483 will be monitored as resistance levels. Support: 2460 - 2453 Resistance: 2476 - 2483
Oil futures found support from data showing that crude oil stocks in the US continued to decline for the third week. The statement that the fires in Canada reduced the country's oil production by approximately 400 thousand barrels per day also supported this picture. The decline in the dollar index also contributed to this effect. The course of European and US stock exchanges can be followed during the day. On the WTI side, an upward trend parallel to Brent oil is dominant. WTI oil saw a high of 82.62 and a low of 80.44 on the previous trading day. The 80.88 level can be followed in intraday downward movements. In case of falling below this level, supports at 80.14, 78.69 and 77.95 may become important. In possible increases, resistance levels of 82.33, 83.07 and 84.51 will be monitored. Support: 80.88 - 80.14 Resistance: 82.33 - 83.07
Oil futures were supported by data showing that crude oil stocks in the US continued to decline for the third week. The statement that the fires in Canada reduced the country's oil production by approximately 400 thousand barrels per day also supported this picture. The decline in the dollar index also contributed to this effect. The course of European and US stock exchanges can be followed during the day. In general, a downward trend is seen. Brent oil saw a high of 85.41 and a low of 83.79 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 1.52% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 49.63, while its momentum is at 97.54. The 84.86 level can be followed in intraday downward movements. If this level is dropped, the supports of 84.31 and 83.69 may become important. In possible increases, 85.93, 86.48 and 87.55 will be monitored as resistance levels. . Support: 84.86 – 84.31 Resistance: 85.93 – 86.48
Under the threat of the Biden government to impose harsher sanctions on companies selling technology to China, semiconductor and chip manufacturers in particular have been under pressure. As a result of this situation, NASDAQ100 has recorded significant pullbacks. In terms of index pricing, the Philadelphia Fed manufacturing index can be monitored during the day. When we evaluate it technically, as long as it limits the downward demand in the 19790 -19695 region, the positive trend may continue. If the upward demand continues, a movement area may form towards the 19920 and 20050 levels. In the alternative view, permanent pricing may be needed below the 19790 -19695 region for the downward trend to become dominant. In this case, movements towards the 19580 and 19460 levels can be monitored. Support: 19790 - 19695 Resistance: 19920 - 20050
We are on the most important day of the week. The European Central Bank (ECB) will announce its interest rate decision today. The most important item of this meeting will be the speech of ECB President Lagarde rather than the interest rate decision. Because the answer to the question of when the second interest rate cut may be will be learned with the guidance of the President. While Lagarde gave important clues in previous meetings and prepared the markets for the next move, the reaction of the President to the September interest rate cut scenario, which is insisted on in the swap market, is important. When we evaluate technically, as long as the 21 (18274) period exponential moving average currently supports the 18390 level, the positive trend can continue. If the upward demand continues, a movement area towards the 18520 and 18610 levels can be formed. Support Levels are the 18390 - 18310 range. Support: 18390 - 18310 Resistance: 18520 - 18610
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the reselling pressure of the stolen 850 thousand Bitcoins this week, thus showing that it will not fall to those levels without a very important decline story to go down like a nightmare for 10 years. BTC, which showed instant fluctuations around $ 64817, On the technical side, after breaking the daily $ 65590 band, the most important support level is $ 63520 in open retreats up to $ 66740, if the selling position continues from here, we can see a retreat to $ 61930. Support: 63520 - 61930 Resistance: 65590 - 66740
U.S. natural gas futures continued their downward trend due to the lowering of air temperature forecasts and the inactivity of the Freeport liquid natural gas facilities due to Hurricane Beryl. The lowest levels since early May have been tested. The course of European and U.S. stock markets and the stock figures to be announced by the U.S. Energy Information Administration can be followed during the day. As long as prices remain above the 1.93-1.87 support, an upward outlook may be at the forefront. In possible increases, 2.05 and 2.12 levels can be targeted. In possible decreases, the attitude of the 1.93-1.87 support can be monitored. A break of this support and hourly closings in the region may bring the 1.82 and 1.76 levels to our agenda. Support: 1.93-1.87 Resistance: 2.05-2.12
The Classic Dollar Index is giving important reactions in terms of adaptation to the new negative outlook under the reference indicators (34 and 100-day exponential moving averages (104.50)) before the critical ECB meeting and is one step closer to the 102 target area. Although the index negative Parity positive thought is technically supported, we will focus on whether President Lagarde's messages will support the new trend. The 103.510 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.330 and 103.190 may become important. In possible increases, the 103.930 and 104.150 will be followed as resistance levels. Support: 103.510-103.330 Resistance: 103.930-104.150
We are leaving behind a week in which we tried to get messages about what the next move of important central banks such as the Fed, ECB and BoE will be in light of the latest developments. While 3 interest rate cuts for the Fed, 2 for the ECB and 1 for the BoE are within the pricing area in the swap market, Fed members are optimistic that they can increase the 1 interest rate cut to 2, although they are not as eager as the markets. Although the ECB is acting in line with the markets and does not give clear signals for September (data-driven follow-up), the possibilities are getting quite strong. On the BoE front, the CPI data provided a slight postponement of expectations. The daily loss for the parity, which closed at 1.0887 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.06, while its momentum is at 100.90. The 1.0903 level can be followed for intraday upward movements. If this level is passed, resistance levels of 1.0919 and 1.0927 may become important. In case of possible pullbacks, 1.0870 and 1.0854 will be monitored as support levels. Support: 1.0870 - 1.0854 Resistance: 1.0903 - 1.0919
We are leaving behind a week in which we tried to get messages about what the next move of important central banks such as the Fed, ECB and BoE will be in light of the latest developments. While 3 interest rate cuts for the Fed, 2 for the ECB and 1 for the BoE are within the pricing area in the swap market, Fed members are optimistic that they can increase the 1 interest rate cut to 2, although they are not as eager as the markets. Although the ECB is acting in line with the markets and does not give clear signals for September (data-driven follow-up), the possibilities are getting quite strong. On the BoE front, the CPI data provided a slight postponement of expectations. The daily loss for the parity, which closed at 1.2940 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 64.06, while its momentum is at 101.56. The 1.2960 level can be followed for intraday upward movements. If this level is passed, resistance levels of 1.2980 and 1.2993 may become important. In case of possible pullbacks, 1.2914 and 1.2894 will be monitored as support levels. Support: 1.2914 – 1.2894 Resistance: 1.2960 – 1.2980
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, it fell more than five Japanese yen to 156.50 on July 17. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 157.15, it has given the chart a much more bearish outlook. The pair closed at 157.45 the previous trading day, bringing the daily gain to 0.06%. The pair, which is below its 20-day moving average, has the RSI at 42.15, while its momentum is at 97.38. The 157.35 level is a good place to watch for intraday downsides. If this level is broken, supports at 157.17, 156.90 and 156.72 may become important. In case of possible increases, resistance levels at 157.81 and 158.09 will be monitored. Support: 157.350 – 157.170 Resistance: 156.810 – 158.090
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.11. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.18, 33.30 and 33.58. Permanent movements above 33.58 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.92 – 32.71 Resistance: 33.18 – 33.30
On the last trading day of the week; with the US 10-year Treasury bond yield rising above 4.20% again, the ounce of gold recorded an appearance that deepened its retreats. In terms of precious metal pricing; FOMC member Williams' speech can be followed during the day. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. We can see downward relaxations as long as it remains below the level of 2,430.69. The daily loss for the ounce of gold, which closed at 2,426.08 on the previous trading day, was 0.79%. The upward movement observed in US bond interest rates is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.17, while its momentum is at 102.97. The 2,430.69 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 2,440.75 and 2,455.43 may become important. In case of possible pullbacks, 2,416.02 and 2,405.96 will be monitored as support levels. Support: 2416 - 2405 Resistance: 2430 - 2440
Oil futures contracts had a very active process after the increase that occurred until yesterday morning hours, but it was suppressed and ended its upward outlook for now. Weak demand expectations regarding China still pose a question mark. The course of European and US stock exchanges can be followed during the day. An upward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw its highest level of 82.20 and its lowest level of 80.55 on the previous trading day. The 81.18 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 81.81, 82.82 and 83.45 may become important. In possible pullbacks, 80.17, 79.54 and 78.52 will be monitored as support levels. Support: 80.17 – 79.54 Resistance: 81.18 – 81.81
Oil futures contracts had a very active process after the rise that occurred until yesterday morning hours, but it was suppressed and ended its upward outlook for now. Weak demand expectations regarding China still pose a question mark. The course of European and US stock exchanges can be followed during the day. It is seen that there is a general downward trend. Brent oil saw a high of 85.95 and a low of 84.44 on the previous trading day. Brent oil, which followed a selling course on the last trading day, lost 0.5% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 47.53, while its momentum is at 97.18. The 85.11 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 85.79 and 86.29 may become important. In possible pullbacks, 84.28, 83.61 and 82.77 will be monitored as support levels. Support: 84.28 – 83.61 Resistance: 85.11 – 85.79
On the last trading day of the week; NDXUSD continued its downward trend as the US 10-year treasury bond yield rose above 4.20% again. In terms of index pricing, FOMC member Williams' speech can be followed during the day. When we evaluate technically, as long as the downward demand is limited in the 19690 -19595 area, the positive trend may continue. If the upward demand continues, a movement area may form towards the 19820 and 19550 levels. In the alternative view, permanent pricing may be needed below the 19690 -19595 area for the downward trend to become dominant. In this case, movements towards the 19480 and 19360 levels can be followed. Support: 19690 - 19595 Resistance: 19820 - 19950
This week, a pricing reaction was observed for global stock market indices where negative performances were effective. Although the Netherlands (0.05%) in Europe, DJ30 (1.68%) and Russel200 (2.16%) in the US, and Shanghai (0.11%) in China continued their course in the positive region, we can say that the general perception of this week's index was negative. While the Euro Stoxx was the most suppressed with a 3.50 percent loss, the main index DAXEUR increased its losses to over 2 percent. In an environment where losses approached 3 percent on a weekly basis on the technology index Nasdaq in the US and the Nikkei in Asia, it allows us to see that a general pressure on global indices is drawing attention. When we evaluate technically, as long as the 21 (18174) period exponential moving average currently supports the 18290 level, the positive trend can continue. If the upward trend continues, a movement area towards the levels of 18420 and 18510 may occur. Support Levels are the range of 18290 - 18210. Support: 18290 - 18210 Resistance: 18420 - 18510
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the re-selling pressure of the stolen 850 thousand Bitcoins this week, thus leaving behind this situation that has been a nightmare in the Coin Market for 10 years. With the entry of ETFs into our lives, BITCOIN can stand strong even in the biggest FUD events, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50,000. BTC, which showed instant fluctuations around $ 64217, on the technical side, after breaking the daily $ 65590 band, the most important support level is $ 63520 in open retreats, if the sell position continues from here, we can see a retreat to $ 61930. Support: 63520 - 61930 Resistance: 65590 - 66740
US natural gas futures have moved slightly away from the $2 support with the support they found from the lower-than-expected increase in stocks. The course of European and US stock exchanges can be followed during the day. As long as prices remain above the 2.00-1.95 support, an upward outlook may be at the forefront. In possible increases, 2.13-2.17 levels can be targeted. In possible decreases, the attitude of the 2.00-1.95 support can be followed. A break of this support and possible hourly closings in the region may bring the 1.88 and 1.82 levels to our agenda. Support: 2.00-1.95 Resistance: 2.13-2.17
The Classic Dollar Index is giving important reactions in terms of adaptation to the new negative outlook under the reference indicators (34 and 100-day exponential moving averages (104.50)) before the critical ECB meeting and is one step closer to the 102 target area. Although the index negative Parity positive thought is technically supported, we will focus on whether President Lagarde's messages will support the new trend. The 104.010 level can be followed in intraday downward movements. In case of falling below this level, the supports of 103.830 and 103.690 may become important. In possible increases, the 104.530 and 104.750 will be watched as resistance levels. Support: 104.010-103.830 Resistance: 104.530-104.750
We are trying to get messages about what the next move of important central banks such as the Fed, ECB and BoE will be in light of the latest developments. In the swap market, there are 3 interest rate cuts for the Fed, 2 for the ECB and 1 for the BoE within the pricing area. Although the Fed does not want to create such an enthusiastic series of cuts, it is monitoring optimistic macro developments that may increase the 1 interest rate cut to 2. While current expectations on the ECB front are progressing in harmony, the August 1 meeting on the BoE front is open to surprises and is a candidate to be an important meeting where we will also make sense of the upcoming messages. The daily loss for the parity, which closed at 1.0887 on the previous trading day, was 0.09%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.06, while its momentum is at 100.90. The 1.0903 level can be followed in intraday upward movements. If this level is exceeded, the 1.0919 and 1.0927 resistances may become important. In case of possible pullbacks, 1.0870 and 1.0854 will be monitored as support levels. Support: 1.0870 – 1.0854 Resistance: 1.0903 – 1.0919
We are trying to get messages about what the next move of important central banks such as the Fed, ECB and BoE will be in light of the latest developments. In the swap market, there are 3 interest rate cuts for the Fed, 2 for the ECB and 1 for the BoE within the pricing area. Although the Fed does not want to create such an enthusiastic series of cuts, it is following optimistic macro developments that may increase the 1 interest rate cut to 2. While current expectations on the ECB front are progressing in harmony, the August 1 meeting on the BoE front is open to surprises and is a candidate to be an important meeting where we will also make sense of the upcoming messages. The daily loss for the parity, which closed at 1.2905 on the previous trading day, was 0.03%. The RSI indicator for the parity, which is below its 20-day moving average, is at 64.06, while its momentum is at 101.56. The 1.2930 level can be followed in intraday upward movements. If this level is exceeded, the 1.2950 and 1.2963 resistances may become important. In case of possible pullbacks, 1.2899 and 1.2884 will be monitored as support levels. Support: 1.2899 – 1.2884 Resistance: 1.2930 – 1.2950
USD/JPY is falling sharply from its early July highs. After peaking at 161.95 on July 3, it fell more than five Japanese yen to 156.50 on July 17. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 157.15, it gave the chart a much more bearish outlook. The pair closed at 157.25 the previous trading day, for a daily gain of 0.06%. The pair, which is below its 20-day moving average, has the RSI at 42.15, while its momentum is at 97.38. The intraday downside is likely to be followed at 156.95. If this level is broken, supports at 156.77, 156.60 and 156.42 may become important. In case of possible increases, resistance levels at 157.31 and 157.89 will be monitored. Support: 156.950 – 156,770 Resistance: 157.310 – 157.890
For USDTRY, in a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.01. When we evaluate the USDTRY exchange rate in the short term, the level of 32.69 is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards the levels of 33.18, 33.30 and 33.58 can be observed. Permanent movements above 33.58 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (31.93) are on the agenda. Support: 32.92 – 32.71 Resistance: 33.18 – 33.30
On Sunday, US President Joe Biden announced that he would not be a candidate again and nominated Vice President Kamala Harris as the Democratic Party's candidate. On the first trading day of the week, this situation left room for limited gains in the ounce of gold. It is observed that the commodity is experiencing a decline due to the appreciation of the dollar. As long as it remains below the level of 2,400.69, we may see downward relaxation. The daily loss for the ounce of gold, which closed at 2,395.08 on the previous trading day, was 0.79%. The upward movement observed in US bond yields is pressuring the ounce of gold downward. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 59.17, while its momentum is at 102.97. The 2,410.69 level can be followed in intraday upward movements. If this level is exceeded, the 2,418.75 and 2,425.43 resistances may become important. In case of possible pullbacks, 2,400.69 and 2,395.96 will be monitored as support levels. Support: 2400 - 2405 Resistance: 2410 - 2395
Oil futures contracts started the new week with a recovery effort after the decline on Friday. While uncertainty increases with Biden's withdrawal from candidacy, the process of determining the Democratic candidate will be followed. Throughout the week, we will continue to follow production and inventory figures within the important data flow in the US. An upward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 81.20 and a low of 79.55 on the previous trading day. The 80.55 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 81.11, 81.82 and 82.45 may become important. In possible pullbacks, 79.47, 78.84 and 78.12 will be monitored as support levels. Support: 79.47 - 78.84 Resistance: 80.55 - 81.11
Oil futures contracts started the new week with a recovery effort after the decline that occurred on Friday. While uncertainty increases with Biden's withdrawal from candidacy, the process of determining the Democratic candidate will be followed. We will continue to follow production and inventory figures within the important data flow in the US throughout the week. Brent oil saw a high of 85.95 and a low of 83.04 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.5% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 47.53, while its momentum is at 97.18. The 83.81 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 84.49 and 85.29 may become important. In possible pullbacks, 82.78, 82.21 and 81.77 will be monitored as support levels. Support: 82.78 – 82.21 Resistance: 83.81 – 84.49
On Sunday, US President Joe Biden announced that he would not be a candidate again and nominated Vice President Kamala Harris as the Democratic Party's candidate. On the first trading day of the week, this left room for a limited increase in the NDXUSD Index. Technically speaking, as long as the downward trend is limited in the 19490 -19395 region, the positive trend may continue. If the upward trend continues, there may be a movement area towards the 19720 and 19850 levels. In the alternative view, permanent pricing may be needed below the 19490 -19395 region for the downward trend to become dominant. In this case, movements towards the 19280 and 19160 levels can be monitored. Support: 19490 - 19395 Resistance: 19720 - 19850
Although a volatile process was observed for the European Stock Indices in July, there are significant divergences between the indices. While the main indices DAXEUR FTSE100 and Euro Stoxx50 met July in the negative region, we observed a process in which optimistic pricing was formed for Italy, Spain, the Netherlands and France, which came out of the elections. The most striking performance came from Italy with an increase exceeding 3 percent. There are 8 trading days left to complete July and the reactions of the indices in the remaining time will be monitored. When we evaluate technically, as long as the 21 (18074) period exponential moving average currently supports the 18150 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 18320 and 18410 levels. Support Levels are between 18150 and 18070. Support: 18150 – 18070 Resistance: 18320 – 18410
Bitcoin erased all the losses it made last week due to the Mt. Gox Incident and the reselling pressure of the stolen 850 thousand Bitcoins. BTC, which continued its rise over the weekend, managed to reach the $ 68600 level. BITCOIN, which started the new week with profit sales, can stay strong, which shows us that it will not fall to those levels without a very important decline story in order to go below $ 50000. BTC, which showed instant fluctuations around $ 67657, is technically the most important support level is $ 66520 in open retreats up to $ 69740 after breaking the daily $ 68590 band. If the sell position continues from here, we can see a retreat to $ 64930. Support: 66520 - 64930 Resistance: 68590 - 69740
The US natural gas futures contract reached two important levels, 2.04 - 2.14, with the increase it made after the opening. While uncertainty increases with Biden's withdrawal from candidacy, the process of determining the Democratic candidate will be followed. We will continue to follow production and stock figures in the important data flow in the US throughout the week. As long as the prices remain above the 2.08 - 2.02 support, the upward view may be at the forefront. In possible increases, 2.18 - 2.25 levels can be targeted. In possible decreases, the attitude of the 2.08 - 2.02 support can be followed. The breakdown of this support and hourly closings in the region may bring the 1.98 and 1.92 levels to our agenda. Support: 2.08 - 2.02 Resistance: 2.18 - 2.25
The Classic Dollar Index started a new week below the reference zone (the ending trend current zone and the 34 and 100-day exponential moving averages) of the 104.50 - 105.00 range. If the index continues to stay below the relevant zone, we can continue to talk about EURUSD and GBPUSD optimism. Whether the reaction we saw last week will continue this week is important in order to follow the short-term reaction processes of the parities. The 104.010 level can be followed in intraday downward movements. If this level is dropped below, the supports of 103.830 and 103.690 may become important. In possible increases, the resistance levels of 104.530 and 104.750 will be monitored. Support: 104.010-103.830 Resistance: 104.530-104.750
The most important developments of this week are the US 2nd Quarter Growth (First Reading) on Thursday, and the Fed's Inflation indicator PCE, German Manufacturing PMI, US and UK Services PMI on Friday, while the markets carried 3 discounts to the pricing area for the Fed, the Fed itself shared its idea of 1 discount in its projections. In this respect, we will closely examine the news to come until the meeting time. If we return to today's calendar, the Second-Hand Home Sales data from the US can be followed. The daily gain for the parity, which closed at 1.0893 on the previous trading day, was 0.01%. The RSI indicator for the parity, which is above its 20-day moving average, is at 59.61, while its momentum is at 100.48. The 1.0898 level can be followed in intraday upward movements. If this level is exceeded, the 1.0904 and 1.0910 resistances may become important. In case of possible pullbacks, 1.0881 and 1.0875 will be monitored as support levels. Support: 1.0881 – 1.0875 Resistance: 1.0898 – 1.0904
The most important developments of this week are the US 2nd Quarter Growth (First Reading) on Thursday, and the Fed's Inflation indicator PCE, German Manufacturing PMI, US and UK Services PMI on Friday, while the markets carried 3 discounts to the pricing area for the Fed, the Fed itself shared its idea of 1 discount in its projections. In this respect, we will closely examine the news to come until the meeting time. If we return to today's calendar, the Second-Hand Home Sales data from the US can be followed. The daily loss for the parity, which closed at 1.2930 on the previous trading day, was 0.02%. The RSI indicator for the parity, which is below its 20-day moving average, is at 61.85, while its momentum is at 101.03. The 1.2936 level can be followed in intraday upward movements. If this level is exceeded, the 1.2942 and 1.2948 resistances may become important. In case of possible pullbacks, 1.2918 and 1.2902 will be monitored as support levels. Support: 1.2918 – 1.2902 Resistance: 1.2936 – 1.2942
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, it fell more than five Japanese yen to 156.50 on July 17. The breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when taken together with the more recent break below the July low of 157.15, it gave the chart a much more bearish outlook. The pair closed at 156.35 on the previous trading day, with a daily loss of 0.44%. The pair, which is below its 20-day moving average, has the RSI at 37.00, while its momentum is at 97.22. The intraday upside is likely to be followed at 156.90. If this level is passed, resistance levels of 157.45 and 157.80 may become important. In case of possible pullbacks, support levels of 156.00, 155.65 and 155.10 will be monitored. Support: 156,000 – 155,650 Resistance: 156,900 – 157,450
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 32.88. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.08, 33.20 and 33.48. Permanent movements above 33.48 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 32.72 – 32.61 Resistance: 33.08 – 33.20
The US 10-year Treasury yield fell to 4.22% after Vice President Harris was endorsed as the Democratic Party's candidate. With the support of this situation, the ounce of gold recorded a slight recovery in the short term. For precious metal pricing, existing home sales and Richmond Fed manufacturing index data can be followed during the day. The daily gain for the ounce of gold, which closed at 2,398.12 on the previous trading day, was 0.04%. The RSI indicator for the ounce of gold, which is above its 20-day moving average, is at 53.45, while its momentum is at 100.25. The 2,403 level can be followed in intraday upward movements. If this level is exceeded, the 2,412 and 2,421 resistances may become important. In possible pullbacks, 2,388, 2,381 and 2,374 will be monitored as support levels. Support: 2388 - 2381 Resistance: 2403 - 2412
Oil futures continued to be under pressure ahead of the stock figures to be announced by the American Petroleum Institute today due to weak Chinese demand. The course of European and US stock exchanges and stock data can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 80.97 and a low of 78.42 on the previous trading day. The 79.93 level can be followed in intraday upward movements. If this level is exceeded, the 80.72 and 81.47 resistances may become important. In possible pullbacks, 78.38, 77.63 and 76.83 will be monitored as support levels. Support: 78.38 – 77.63 Resistance: 79.93 – 80.72
Oil futures continued to be under pressure ahead of the stock figures to be announced by the American Petroleum Institute today due to weak Chinese demand. The course of European and US stock markets and stock data can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 83.33 and a low of 81.79 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 0.44% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 37.48, while its momentum is at 93.35. The 82.84 level can be followed in intraday upward movements. If this level is exceeded, the 83.57 and 84.12 resistances may become important. In possible pullbacks, 81.75, 81.00 and 80.21 will be monitored as support levels. Support: 81.75 – 81.00 Resistance: 82.84 – 83.57
Brent crude oil prices are fluctuating depending on the rising tensions between Israel and Iran and the trends of European and US stock exchanges. In particular, Israel's attacks on Beirut and the US's approach to Iran's strategic facilities are creating uncertainty in the markets. This situation ensures that oil prices remain above the support levels of 76.00 - 76.50, highlighting an upward trend. Additionally, the effects of the US's strong employment data on FED expectations and the positive atmosphere created by incentive measures in China have an indirect impact on oil prices. As for the technical outlook, in the 1-hour chart, Brent crude oil prices are trading at 77.30 dollars. For prices holding above the 76.00 - 76.50 support range, resistance levels of 78.00 and 78.50 can be targeted. In downward movements, a drop below the 76.00 level could pull prices to support levels of 75.50 and 75.00. The RSI indicator is at 67.11, showing a positive trend. There is a limited pullback of 0.02% compared to the previous day. However, it's possible to say that the overall trend is positive. Support:79 - 78.5 - 78 - Resistance:80 - 80.5 - 81 -
Brent petrol fiyatları, İsrail ile İran arasında artan gerilim ve Avrupa ile ABD borsalarının seyrine bağlı olarak dalgalı bir seyir izliyor. Özellikle İsrail’in Beyrut'a yönelik saldırıları ve İran'ın stratejik tesislerine karşı ABD’nin yaklaşımı piyasalarda belirsizlik yaratmakta. Bu durum, petrol fiyatlarının 76,00 - 76,50 destek seviyeleri üzerinde kalmasını sağlıyor ve yukarı yönlü bir görünümü ön plana çıkarıyor. Bununla birlikte, ABD’nin güçlü istihdam verilerinin FED beklentileri üzerindeki etkileri ve Çin’deki teşvik adımlarının yarattığı olumlu hava da petrol fiyatları üzerinde dolaylı bir etkide bulunuyor. Teknik görünüme geldiğimizde, 1 saatlik grafikte Brent petrol fiyatları 77.30 dolardan işlem görmekte. 76.00 - 76.50 destek aralığının üzerinde tutunan fiyatlar için 78.00 ve 78.50 direnç seviyeleri hedeflenebilir. Aşağı yönlü hareketlerde 76.00 seviyesinin altına düşüş, fiyatları 75.50 ve 75.00 destek seviyelerine çekebilir. RSI göstergesi 67.11 seviyesinde olup pozitif bir eğilim göstermekte. Önceki güne göre %0.02’lik sınırlı bir geri çekilme görülüyor. Ancak, genel trendin pozitif olduğunu söylemek mümkün. Destek:79 - 78.5 - 78 - Direnç:80 - 80.5 - 81 -
The EURUSD pair continues to move above the 200-period average of 1.0856. Considering the short-term negative outlook of the Dollar Index (DXY), if the pair remains above this average, increases towards the levels of 1.0947 and 1.1012 may be observed. In particular, permanent movements above the level of 1.1012 can be considered as an important signal for the continuation of the trend rally. Otherwise, correction movements towards the average may be observed. In order for the current scenario to be considered invalid, the Dollar Index must exhibit permanent movements above the determined indicator, in which case the June low of 1.0665 may come to the agenda.
WTI crude oil prices are trading within a narrow range under the influence of geopolitical tensions in the Middle East. The volatility has increased with the impact of the conflicts between Israel and Iran on the energy markets. Developments in the European and US markets are also expected to affect oil prices. As long as prices stay above the 72.00 – 72.50 support, a short-term upward outlook can be maintained, but drops below this level may bring lower levels into focus. The chart is being analyzed on the WTIUSD 1-hour time frame. The price is gaining upward momentum by moving above the EMA 50 (72.51). In downward movements, the EMA 100 (71.73) and EMA 200 (71.00) levels can be monitored as support. Resistance levels are highlighted at 74.50 and 75.00. The RSI indicator is at 65.85, showing a positive outlook. The change compared to the previous day is approximately 0.01%. The current price is at the 74.08 level. Support:75.5 - 75 - 74.5 - Resistance:76.5 - 77 - 77.5 -
WTI ham petrol fiyatları, Orta Doğu'daki jeopolitik gerilimlerin etkisi altında dar bir bantta işlem görüyor. İsrail ve İran arasındaki çatışmaların enerji piyasalarına yansımasıyla volatilite artmış durumda. Avrupa ve ABD piyasalarındaki gelişmelerin de petrol fiyatları üzerinde etkili olması bekleniyor. 72,00 – 72,50 desteği üzerinde kalındığı sürece kısa vadede yukarı yönlü bir görünüm korunabilir, ancak bu seviye altına düşüşler daha düşük seviyeleri gündeme getirebilir. Grafikte WTIUSD 1 saatlik zaman diliminde incelenmektedir. Fiyat, EMA 50'nin (72.51) üzerinde seyrederek yukarı yönlü ivme kazanıyor. Aşağı yönlü hareketlerde EMA 100 (71.73) ve EMA 200 (71.00) seviyeleri destek olarak izlenebilir. Direnç seviyeleri olarak 74,50 ve 75,00 ön plana çıkıyor. RSI göstergesi 65,85 seviyesinde ve pozitif bir görünüm sergiliyor. Bir önceki güne göre değişim yaklaşık %0,01 oranında. Güncel fiyat 74,08 seviyesindedir. Destek:75.5 - 75 - 74.5 - Direnç:76.5 - 77 - 77.5 -
The GBP/USD pair may maintain its positive outlook as long as it remains above the 55- and 89-period exponential moving averages in the 1.2780-1.2793 region. In this scenario, the pair may be expected to rise towards the 1.2900 and 1.2945 levels. In particular, persistent movements above 1.2900 will be an important signal for the continuation of the trend rally. However, in the event of a pullback, these averages may be monitored as short-term support. A persistent recovery in the Dollar Index will be required for the current scenario to deteriorate; otherwise, the August low of 1.2670 may come to the fore.
In recent times, gold finds support due to heightened geopolitical risk perception and strong safe haven demand. Although there is limited pressure on gold following the rise in the dollar index, factors such as IsraelIran tensions help the precious metal recover. Additionally, data from the U.S. regarding hourly earnings, unemployment rate, and non-farm payroll changes during the day could influence the metal's direction. In light of these uncertainties, gold investors are monitoring whether prices can hold in the 2640 - 2650 range; staying above this level could lead to a positive trend, while dropping below it might bring declines back into focus. From a technical perspective, the chart is in a 1-hour time frame. Gold is currently trading at the 2666 level. Support areas are being monitored at 2640 and 2630, while upward resistance levels are set at 2670 and 2680. The RSI indicator is at 66.66, showing a positive outlook. Today, it experienced a 0.11% loss compared to the previous close. These data indicate that gold is technically under upward pressure and may have the potential to surpass the 2670 level in the short term. Support:2640 - 2630 - 2620 - Resistance:2660 - 2670 - 2680 -
Ons altın, son dönemde jeopolitik risk algısının artması ve güvenli liman talebinin yüksek seyretmesi ile destek buluyor. Dolar endeksinde görülen yükselişin ardından ons altın üzerinde sınırlı bir baskı oluşsa da, İsrail-İran gerilimi gibi etmenler kıymetli metalin toparlanmasını sağlıyor. Ayrıca, gün içerisinde ABD’den gelecek saatlik kazançlar, işsizlik oranı ve tarım dışı istihdam değişimi verileri metalin yönü üzerinde etkili olabilir. Bu belirsizlikler ışığında, altın yatırımcıları fiyatların 2640 - 2650 bölgesinde tutunup tutunamayacağını takip ediyor; bu seviyenin üzerinde kalınması pozitif eğilim doğurabilirken, altına inilirse düşüşler yeniden gündeme gelebilir. Teknik açıdan incelendiğinde, grafik 1 saatlik zaman dilimindedir. Altın şu anda 2666 seviyesinden işlem görüyor. Destek bölgeleri 2640 ve 2630 olarak izleniyor, yukarı yönlü direniç seviyeleri ise 2670 ve 2680 olarak belirlenmiş. RSI göstergesi 66.66 seviyesinde ve pozitif bir görünüm sergiliyor. Bugün önceki kapanışına göre %0.11 oranında bir değer kaybı yaşadı. Bu veriler, altının teknik olarak yukarı yönlü baskı altında olduğunu ve kısa vadede 2670 seviyesi üzerine çıkma potansiyeline sahip olabileceğini gösteriyor. Destek:2640 - 2630 - 2620 - Direnç:2660 - 2670 - 2680 -
The USD/TRY exchange rate may maintain its positive outlook as long as it remains above the lower point of the uptrend channel at 33.13. In this case, the exchange rate may extend its rise towards the levels of 33.50, 33.62 and 33.74. In particular, persistent movements above the level of 33.62 may lead to further strengthening of the rise and progress towards the 33.84 – 33.95 region. However, in case of a downward break of the level of 33.38, the reaction sales may become stronger. The positive outlook will be maintained as long as it remains above the level of 33.13, however, if the uptrend channel ends, the current scenario may be considered invalid.
On a day when emerging market currencies are diverging against the US Dollar, the Turkish Lira displays relatively weak performance. In the short term, the USD/TRY pair maintains its desire to move upwards, sustaining a positive outlook throughout the day. The latest economic data from the US exceeding expectations has created a stable outlook in the markets, while optimism prevails in Asia. Stimulus measures from China and strong employment data in the US have supported market activity. However, uncertainty regarding the Fed's potential interest rate cut persists. On the 4-hour chart, USD/TRY is trading above the support level at 34.02. For upward movements, the levels of 34.31 and 34.37 stand out as resistance points. The RSI indicator is at 61.02, displaying a positive trend. The pair showed very little change from the previous day, recording a 0.01% decrease. The current price is hovering around the 34.27 level. Support:34.17 - 34.08 - 33.96 - Resistance:34.28 - 34.34 - 34.41-
USD/TRY paritesi, gelişmekte olan ülke para birimlerinin ABD Doları karşısında farklılaştığı bir günde, Türk Lirası görece zayıf performans sergiliyor. Parite, kısa vadede yukarı yönde hareket etme isteğini korurken, gün içerisinde pozitif görünümü devam ettiriyor. ABD'den gelen son ekonomik verilerin beklentilerin üzerinde gelmesi, piyasalarda istikrarlı bir görünüm oluştururken, Asya'da iyimserlik hakim. Çin'den gelen teşvik adımları ve ABD'deki güçlü istihdam verileri, piyasalardaki hareketliliği destekledi. Bununla birlikte, Fed'in olası faiz indirimi hakkındaki belirsizlik sürüyor. 4 saatlik grafikte USD/TRY, 34,02 seviyesindeki destek üzerinde işlem görüyor. Yukarı yönlü hareketlerde 34,31 ve 34,37 seviyeleri direnç noktaları olarak ön plana çıkıyor. RSI göstergesi 61,02 seviyesinde olup, pozitif bir eğilim sergiliyor. Parite, önceki güne göre çok az bir değişim göstererek %0,01 düşüş kaydetti. Güncel fiyat ise 34,27 seviyelerinde seyrediyor. Destek:34.17 - 34.08 - 33.96 - Direnç:34.28 - 34.34 - 34.41-
The ounce of gold may continue its upward trend as long as it remains above the 2440-2450 region. In this case, movements towards the 2470 and 2482 levels can be expected. In particular, the 2470 level will be critical for the continuation of positive expectations. Alternatively, if it falls below the 2440-2450 region, a negative outlook may emerge and pullbacks towards the 2431 and 2425 levels may be observed.
In terms of the GBP/USD pair, the impact of global developments has been observed following the U.S. employment data announced last week. Uncertainty over whether the Fed will continue its interest rate cut policy for the remainder of the year is among the main factors causing fluctuations in the pair. The positive outlook of the Dollar Index helps maintain the strength of the dollar, which could lead to continued pressure on GBP/USD. The impacts of upcoming Fed meetings and economic data from the U.S. and the UK should be carefully monitored. Technically, on the 4-hour chart, the GBP/USD pair is trading at the 1.3117 level. The levels of 1.3080 and 1.3030 have become important as support. In upward movements, the levels of 1.3220 and 1.3265 can be monitored as resistance. The RSI indicator is at the 34 level and shows a negative outlook. There has been a slight decrease of 0.01% in the pair compared to the previous day. Currently at the 1.3117 level, if the pair slips below the 1.3080 support, the downward pressure may further increase. Support:1.308 - 1.303 - 1.299 Resistance:1.3135 - 1.318 - 1.322 -
GBP/USD paritesi açısından küresel gelişmelerin etkisi geçen hafta açıklanan ABD istihdam verilerinin ardından gözlemleniyor. Fed'in yılın geri kalanında faiz indirimi politikasını sürdürüp sürdürmeyeceği konusundaki belirsizlik, paritenin dalgalanmasına neden olan ana faktörler arasında yer alıyor. Dolar Endeksi’ndeki pozitif görünüm, doların gücünü korumasını sağlarken, bu durum GBP/USD üzerindeki baskının devamına yol açabilir. Özellikle Fed’in yaklaşan toplantıları, ABD ve İngiltere’den gelecek ekonomik verilerin etkisi dikkatle izlenmelidir. Teknik olarak, 4 saatlik grafikte GBP/USD paritesi 1.3117 seviyesinden işlem görüyor. Destek olarak 1.3080 ve 1.3030 seviyeleri önem kazanmaktadır. Yukarı yönlü hareketlerde ise 1.3220 ve 1.3265 seviyeleri direnç olarak izlenebilir. RSI göstergesi 34 seviyesinde ve negatif bir görünüm sergiliyor. Önceki güne göre paritede %0.01 oranında hafif bir değer kaybı yaşanmış durumda. Halihazırda 1.3117 seviyesinde olan parite, 1.3080 desteğinin altına sarkarsa aşağı yönlü baskı daha da artabilir. Destek:1.308 - 1.303 - 1.299 - Direnç:1.3135 - 1.318 - 1.322 -
As long as prices remain above the 76.50 - 77.00 support, an upward outlook may be at the forefront and 78.00 and 78.50 levels may be targeted. As long as possible declines remain limited to the 76.50 - 77.00 support, new upside potential may occur. However, for declines to continue, a course below 76.50 and 4-hour closings are required, in which case the 76.00 and 75.50 levels may come to the fore.
The EURUSD pair is experiencing a volatile trend due to developments in China and the Middle East, as well as uncertainties regarding potential interest rate cuts in the US. Following the lack of expected stimulus announcements in China, markets have declined, while uncertainties about possible interest rate cuts in the US could increase pressure on the pair. Due to the situation of the Dollar Index, EURUSD's current pricing is approaching significant support levels, and macroeconomic developments may further shape this movement. From a technical analysis perspective, on the 4-hour chart, the EURUSD pair is trading at the 1.0987 level. The pair faces significant moving average resistances at 1.1040 and 1.1100 levels. Support levels to monitor are at 1.0940, 1.0905, and 1.0870. The RSI indicator stands at 36.29 and presents a negative outlook. In the pair, which shows a 0.03% decrease compared to the previous day, the current support and resistance levels are of critical importance. Support:1.094 - 1.0905 - 1.087 - Resistance:1.099 - 1.104 - 1.11 -
EURUSD paritesi, Çin ve Orta Doğu'daki gelişmelerin ve ABD'deki faiz indirim ihtimallerinin belirsizliği ile birlikte dalgalı bir seyir izliyor. Çin’de beklenen teşviklerin açıklanmaması sonrası piyasalar düşerken, ABD’de olası faiz indirimleri konusundaki belirsizlikler parite üzerindeki baskıyı artırabilir. Dolar Endeksi'ndeki durum nedeniyle, EURUSD'nin mevcut fiyatlaması önemli destek seviyelerine yaklaşıyor ve makro ekonomik gelişmeler bu hareketi daha fazla şekillendirebilir. Teknik analiz perspektifinden, 4 saatlik grafikte EURUSD paritesi 1,0987 seviyesinde işlem görmektedir. Parite, 1,1040 ve 1,1100 seviyelerinde ağır ortalama dirençleri ile karşı karşıya. Destek seviyeleri 1,0940, 1,0905 ve 1,0870 olarak izlenmelidir. RSI göstergesi 36.29 seviyesindedir ve negatif bir görünüm sergilemektedir. Önceki güne göre %0.03 düşüş gösteren paritede mevcut destek ve direnç seviyeleri kritik önem taşımaktadır. Destek:1.094 - 1.0905 - 1.087 - Direnç:1.099 - 1.104 - 1.11 -
As long as prices remain above the 80.50 - 81.00 support, the upward trend may continue and 82.00 and 82.50 levels may be targeted. As long as declines remain limited to the 80.50 - 81.00 support, new upside potential may occur. However, for declines to continue, the course below 80.50 and 4-hour closings should be monitored; in this case, 80.00 and 79.50 levels may come to the agenda.
US natural gas futures are trending downward due to the oversupply despite storage increasing less than expected. The trajectory of European and US stock markets can be a significant factor here. In downward movements, the 2.780 and 2.740 levels are monitored, while in potential recoveries, the 2.820- 2.850 resistance zone stands out. For the rise to continue, it may be necessary to stay above the 2.850 level. However, as long as there are no sustained movements above the 2.850 resistance, the potential for a downward trend is considered to continue. From a technical perspective on the chart, the NGCUSD pair is trading on a 1- hour time frame, with 2.705 and 2.711 levels standing out as potential resistance points. The 100-hour simple moving average is exerting pressure on the price. The RSI indicator is at 30.64 and is hovering near the oversold zone, which may increase the likelihood of a rebound in the short term. According to the last close, the pair has shown no change, with the current price at the 2.645 level. With this data, it is observed that the technical outlook of the pair is dominated by a sideways trend. Support:2.675 - 2.65 - 2.61 - Resistance:2.74 - 2.78 - 2.82 -
ABD doğal gaz vadelileri, stokların beklentinin altında artmasına rağmen arz fazlasının etkisiyle gerileme eğilimi gösteriyor. Avrupa ve ABD borsalarının seyri burada önemli bir etken olabilir. Aşağı yönlü hareketlerde 2,780 ve 2,740 seviyeleri izlenirken, olası toparlanmalarda 2,820–2,850 direnç bölgesi dikkat çekiyor. Yükselişin devamı için 2,850 seviyesinin üstünde kalıcı olunması gerekebilir. Ancak, 2,850 direncinin üzerinde kalıcı hareketler görülmediği sürece aşağı yönlü potansiyelin devam edebileceği değerlendiriliyor. Grafik üzerinde teknik açıdan değerlendirdiğimizde, NGCUSD paritesi 1 saatlik zaman diliminde işlem görmekte olup, 2.705 ve 2.711 seviyeleri izlenebilir direnç noktaları olarak öne çıkıyor. 100 saatlik basit hareketli ortalama, fiyatın üzerinde baskı yaratıyor. RSI göstergesi 30.64 seviyesinde ve aşırı satım bölgesine yakın seyrediyor, bu da kısa vadede bir tepki yükselişinin gerçekleşme olasılığını artırabilir. Son kapanışa göre parite %0 oranında değişim göstermemiş olup, güncel fiyatı 2.645 seviyesinde. Bu veriler eşliğinde, paritenin teknik görünümünde yatay bir seyrin hakim olduğu gözlemleniyor. Destek:2.675 - 2.65 - 2.61 - Direnç:2.74 - 2.78 - 2.82 -
As long as the NASDAQ100 index finds support in the 18670-18850 area, positive expectations may continue. In this scenario, the index may be expected to rise towards the 19155 and 19300 levels. Alternatively, permanent pricing should be seen below the 18670-18850 area for the declines to consolidate; in this case, pullbacks towards the 18525 and 18440 levels may be experienced.
The DAXEUR index stands out at the start of a week shaped by uncertainties in global markets regarding the US Federal Reserve's interest rate policies. Expectations of interest rate cuts in the Fed's meetings until the end of the year and the US CPI data are the main focus of the markets. Additionally, growth data from the UK and statements by Fed officials are among other developments that could potentially impact the index. Technically, recoveries are observed following recent declines, indicating a short-term struggle between buyers and sellers in price movements. In technical analysis, the DAXEUR index is trading between the support level of 19220 and the resistance level of 19350 in the daily time frame. The index rising above the 13 and 34-period moving averages indicates that buyers are gaining strength and a positive sentiment is prevailing. The RSI indicator is at the level of 58 and shows a positive outlook. The index, which showed a limited decline of 0.02% compared to the previous day, currently stands at the level of 19181. Staying permanently above the 19350 level supports the upward trend, while falling below the 19220 level could increase the potential for a decline. Support:19090 - 18995 - 18885 - Resistance:19245 - 19350 - 19465-
DAXEUR endeksi, küresel piyasaların ABD Merkez Bankası Fed’in faiz politikalarına yönelik belirsizliklerle şekillendiği bir hafta başlangıcında dikkat çekiyor. Fed’in yıl sonuna kadar yapacağı toplantılardaki faiz indirimi beklentileri ve ABD TÜFE verileri piyasaların odak noktasında bulunuyor. Ayrıca İngiltere'den gelecek büyüme verileri ve Fed yetkililerinin yapacağı açıklamalar da endeks üzerinde potansiyel etkili olabilecek diğer gelişmeler arasında. Teknik olarak son düşüşlerin ardından toparlanmalar görülmekte, bu da fiyat hareketlerinde alıcı ve satıcıların kısa vadeli mücadelesini işaret ediyor. Teknik analizde, günlük zaman diliminde DAXEUR endeksi, 19220 destek ve 19350 direnç seviyeleri arasında işlem görüyor. Endeksin 13 ve 34 periyotluk hareketli ortalamanın üzerine çıkması, alıcıların güç kazandığını ve pozitif bir havanın hakim olduğunu gösteriyor. RSI göstergesi 58 seviyesinde ve pozitif görünüm sergiliyor. Önceki güne göre %0.02’lik sınırlı düşüş gösteren endeksin güncel fiyatı ise 19181 seviyesinde bulunuyor. Endeksin 19350 seviyesinin üzerinde kalıcı olması yükseliş trendini desteklerken, 19220 seviyesinin altına sarkması düşüş potansiyelini artırabilir. Destek:19090 - 18995 - 18885 - Direnç:19245 - 19350 - 19465-
When we evaluate the Dax40 index in the short term, despite the recovery in the last process, it has not yet passed into the positive zone. Although the main indicator is the 18310 level, the index continues its negative expectation below the relevant reference zone. The 18000 region can be followed as an intermediate barrier in terms of whether the reaction purchase will continue due to the increases in the last process.
The NASDAQ100 index is in search of equilibrium in the markets as strong U.S. employment data presents a robust outlook and expectations for the Fed’s rate cut pace slow down. The employment data exceeding expectations slightly reduced uncertainty regarding the Fed’s interest rate policies, creating a stabilizing effect on the index. While unmet stimulus expectations following the holiday in China caused a decline in Asian markets, a limited impact is observed globally. Within this framework, the NASDAQ100 is demonstrating a stable outlook in the short term. On the hourly chart, the NASDAQ100 index appears to have fallen below the 50-day moving average at the 20092 level and is trying to hold above this level. At its current levels, the index is attempting to gain upward momentum by monitoring the 19990 and 19867 support regions. The initial resistance levels to note are 20250 and 20350. The RSI indicator is at 56.44, presenting a positive outlook and suggesting that the index may shift from a neutral trend to an upward movement. The current price of the index is determined at 19996.2, showing a 6.11% decrease compared to the previous day’s close. Support:20150 - 20000 - 19900- Resistance:20350 - 20500 - 20650 -
NASDAQ100 endeksi, ABD istihdam verilerinin güçlü görünüm sunması ve Fed’in faiz indirim hızına dair beklentilerin yavaşlaması ile piyasalarda bir denge arayışı içinde. İstihdam verilerinin beklentilerin üstünde çıkması, Fed’in faiz politikalarına dair belirsizliği bir miktar azaltarak endeks üzerinde dengeleyici etki yarattı. Çin’deki tatil sonrası teşvik beklentilerinin karşılanmamış olması Asya piyasalarında bir düşüş yaratırken, küresel düzeyde sınırlı da olsa bir etki gözleniyor. Bu çerçevede, NASDAQ100 kısa vadede istikrarlı bir görünüm sergiliyor. Saatlik grafik üzerinde NASDAQ100 endeksi, 20092 seviyesindeki 50 günlük hareketli ortalamanın altına inmiş gibi görünüyor ve bu seviyenin üzerine tutunmaya çalışıyor. Endeks bulunduğu seviyelerde, 19990 ve 19867 destek bölgelerini izleyerek, yukarı yönlü ivme kazanmayı deniyor. Direnç olarak ilk seviyeler ise 20250 ve 20350 olarak dikkat çekiyor. RSI göstergesi 56.44 seviyesinde, pozitif bir görünüm sunuyor ve endeksin nötr bir seyirden yukarı yönlü bir harekete yönelebileceğini gösteriyor. Endeksin güncel fiyatı 19996.2 olarak belirlenmiş durumda ve bir önceki gün kapanışına göre %6.11'lik bir düşüş göstermekte. Destek:20150 - 20000 - 19900 - Direnç:20350 - 20500 - 20650 -
As long as prices remain above the 2,110 - 2,140 support, an upward outlook may be at the forefront and 2,218 and 2,215 levels may be targeted. As long as declines are limited to the 2,110 - 2,140 support, new upside potential may continue. However, for declines to continue, the course below 2,110 and 4-hour closings should be monitored; in this case, 2,060 and 2,020 levels may come to the agenda.
Brent crude oil markets continue to fluctuate with the geopolitical tensions in the Middle East, alongside China's economic situation and uncertainties in the markets. The tension between Israel and Iran raises concerns about potential supply disruptions, while the disappointing expectations of incentives from China are putting pressure on oil prices. In the U.S., uncertainties regarding interest rate policies are leading to a decrease in global investor risk appetite. Monitoring the impact of developments in the Middle East on oil prices and especially the potential attack scenarios targeting Iran's oil fields may increase market volatility. In technical analysis, the chart shows a 1-hour time frame. For Brent crude oil prices, the levels of 78.00 and 78.50 are considered resistance, while the levels of 77.00 and 77.50 stand out as support zones. The RSI indicator is at 49.9, presenting a neutral outlook and indicating uncertainty about the market's next move. There is a slight decrease of 0.02% compared to the last closing. The current price is at the level of 77.48. Support:77 - 76.5 - 76 - Resistance:78 - 78.5 - 79 -
Brent petrol piyasaları, Orta Doğu’daki jeopolitik gerilimlerin yanında Çin'in ekonomik durumu ve piyasalardaki belirsizliklerle dalgalanmaya devam ediyor. İsrail ve İran arasındaki gerilim potansiyel arz kesintileri endişesini artırırken, Çin’den beklenen teşviklerin hayal kırıklığı yaratması petrol fiyatlarını baskılamakta. ABD’de ise faiz politikalarına ilişkin belirsizlikler global yatırımcı risk iştahında azalmaya neden oluyor. Orta Doğu'daki gelişmelerin petrol fiyatlarına etkisi ve özellikle İran’ın petrol sahalarına dönük olası saldırı senaryolarının izlenmesi, piyasalardaki oynaklığı artırabilir. Teknik analizde, grafik 1 saatlik zaman dilimini gösteriyor. Brent petrol fiyatları için 78,00 ve 78,50 seviyeleri direnç olarak kabul edilirken, 77,00 ve 77,50 seviyeleri ise destek bölgeleri olarak öne çıkıyor. RSI göstergesi ise 49,9 seviyesinde, nötr bir görünüm sergileyerek piyasanın bir sonraki hareketi konusunda belirsizliğe işaret ediyor. Son kapanışa göre %0,02’lik hafif bir düşüş söz konusu. Güncel fiyat 77,48 seviyesinde seyrediyor. Destek:77 - 76.5 - 76 - Direnç:78 - 78.5 - 79 -
WTI oil prices are moving under the influence of geopolitical tensions in the Middle East and developments in the Chinese economy. While the tensions between Israel and Iran continue to create upward pressure on oil prices, the lack of expected stimuli after the holiday in China has led to a decrease in global risk appetite. This situation caused losses in Asian markets like Japan's Nikkei and Hang Seng. On the U.S. side, uncertainties regarding interest rate cuts and employment data stand out as important factors that could influence the direction of the markets. All these developments continue to determine the course of oil prices. From a technical analysis perspective, when examining the WTI oil chart in the hourly time frame, prices continue to stay above the support levels of 73.50 - 74.00. In the continuation of upward movements, resistance levels of 74.50 and 75.00 can be monitored. The RSI indicator shows a neutral trend at level 51. The change compared to the previous day is at a level of 0.02%, and the current price is at 74.516. In the event of a closure below the support level, a pullback towards 73.00 and 72.50 levels can be observed. Support:73 - 72.5 - 72 - Resistance:74.5 - 75 - 75.5 -
WTI petrol fiyatları, Orta Doğu'daki jeopolitik gerilimler ve Çin ekonomisindeki gelişmelerin etkisi altında hareket ediyor. İsrail ve İran arasındaki gerilimler, petrol fiyatları üzerinde yukarı yönlü baskı oluşturmaya devam ederken, Çin'deki tatil sonrası beklenen teşviklerin gerçekleşmemesi, küresel risk iştahında azalmaya neden oldu. Bu durum, Japon Nikkei ve Hang Seng gibi Asya borsalarında kayıplara yol açtı. ABD tarafında ise, faiz indirimine dair belirsizlikler ile istihdam verileri piyasaların yönünü etkileyebilecek önemli unsurlar olarak öne çıkıyor. Tüm bu gelişmeler petrol fiyatlarının seyrini belirlemeye devam ediyor. Teknik analiz açısından, WTI petrol grafiği saatlik zaman diliminde incelendiğinde, fiyatlar 73.50 - 74.00 destek seviyeleri üzerinde kalmaya devam ediyor. Yukarı yönlü hareketlerin devamında, 74.50 ve 75.00 direnç seviyeleri izlenebilir. RSI göstergesi ise 51 seviyesinde, nötr bir eğilim gösteriyor. Önceki güne göre değişim %0.02 düzeyinde olup, fiyat güncel olarak 74.516 seviyesinde seyrediyor. Destek seviyesinin altında bir kapanışın gerçekleşmesi durumunda ise 73.00 ve 72.50 seviyelerine doğru bir geri çekilme gözlemlenebilir. Destek:73 - 72.5 - 72 - Direnç:74.5 - 75 - 75.5 -
After China's stimulus package did not fully meet market expectations, gold remained under some pressure. However, according to CME data, the possibility of a 25 basis point interest rate cut in November has increased, which has helped limit the pressure on gold. The FOMC meeting minutes should also be closely monitored in terms of pricing of the precious metal. In the short term, gold is trading below the area supported by the indicators we follow. As long as it remains below the 2630 - 2640 band we are currently monitoring, the downward trend can be expected to continue. If the downward movement continues, a pullback to the 2610 and 2600 levels may occur. In the meantime, the reaction to be seen in the 2590 - 2600 range will be critical in determining whether the declines will continue. Support:2610 - 2600 - 2590 - Resistance:2620 - 2630 - 2640 -
Çin'in açıkladığı teşvik paketinin piyasa beklentilerini tam olarak karşılamamasının ardından ons altın bir miktar baskı altında kaldı. Ancak CME verilerine göre Kasım ayında 25 baz puanlık faiz indirimi olasılığının güçlenmesi, ons altın üzerindeki baskının sınırlanmasına katkı sağladı. Değerli metalin fiyatlamaları açısından FOMC toplantı tutanakları da yakından izlenmeli. Kısa vadede ons altın, takip ettiğimiz göstergelerin desteklediği bölgenin altında seyrediyor. Şu anda izlediğimiz 2630 – 2640 bandının altında kaldığı sürece, düşüş eğiliminin devam etmesi beklenebilir. Aşağı yönlü hareketin sürmesi durumunda 2610 ve 2600 seviyelerine kadar geri çekilme yaşanabilir. Bu esnada, 2590 – 2600 aralığında görülecek tepki, düşüşlerin devam edip etmeyeceğini belirlemek açısından kritik olacaktır. Destek:2610 - 2600 - 2590 - Direnç:2620 - 2630 - 2640 -
The USD/Turkish Lira (USD/TRY) exchange rate stands out as emerging market currencies generally show weaker performance against the US Dollar. On the date of analysis, USD/TRY is trading at 34.26, recording a slight increase in value. The pair, influenced by global developments such as the lack of expected stimulus in China and the formation of interest rate cut expectations in the US, maintains its upward trend due to the weak performance of the Turkish Lira. In an environment where tensions in the Middle East also affect oil prices, USD/TRY may exhibit a volatile trend. In technical analysis, the 34.34 level stands out as a resistance area on the 4-hour chart of the pair, while the 34.06 level serves as significant support in downward movements. The RSI indicator displays a positive outlook at 61.02 and has shown a 0.01% change compared to the previous day. Currently, the pair is priced at the 34.26 level, and considering these technical levels, an increase in upward momentum may be observed, especially if the 34.41 resistance is permanently surpassed. Support:34.17 - 34.09 - 33.96 - Resistance:34.28 - 34.35 - 34.43-
ABD Doları/Türk Lirası (USD/TRY) paritesi, gelişmekte olan piyasa para birimlerinin genelde ABD Doları karşısında daha zayıf bir performans göstermesiyle dikkat çekiyor. Analiz tarihinde USD/TRY, 34,26 seviyesinde işlem görerek hafif bir değer artışı kaydediyor. Çin'de beklenen teşviklerin açıklanmaması ve ABD'de faiz indirimi beklentilerinin şekillenmesi gibi küresel gelişmelerin etkisi altında kalan parite, TL'nin zayıf performansı nedeniyle yükseliş eğilimini koruyor. Orta Doğu'daki gerilimlerin petrol fiyatlarını da etkilediği bir ortamda USD/TRY hareketli bir seyir izleyebilir. Teknik analizde, paritenin 4 saatlik grafiğinde 34,34 seviyesi direnç alanı olarak öne çıkarken, aşağı yönlü hareketlerde 34,06 seviyesi önemli bir destek görevi görüyor. RSI göstergesi 61,02 seviyesinde pozitif bir görünüm sergiliyor ve önceki güne göre yüzde 0,01’lik bir değişim göstermiş durumda. An itibarıyla parite 34,26 seviyesinde fiyatlanıyor ve bu teknik seviyeler dikkate alındığında, özellikle 34,41 direncinin kalıcı olarak aşılması durumunda yukarı yönlü ivmenin artabileceği izlenebilir. Destek:34.17 - 34.09 - 33.96 - Direnç:34.28 - 34.35 - 34.43-
The GBP/USD pair, influenced by global developments, is closely related to changes in the Dollar Index and expectations regarding the Fed's interest rate policy. The disappointment with the expected stimulus from China and the global markets' reaction to this situation are affecting the pair. Discussions on interest rate cuts in the U.S. continue to be an important factor for GBP/USD by causing fluctuations in the Dollar. In addition to global economic developments, geopolitical tensions in the Middle East also affect market sentiment, creating uncertainty about the direction of the pair. From a technical perspective, the GBP/USD pair, examined on the 4-hour chart, remains below the 100-period moving average in the 1.3220 region and is currently trading at the 1.3089 level. This indicates that the downward pressure on the pair continues. The 1.3080 level is a significant support point, and a break below it could lead to a retreat to the 1.3030 and 1.2990 levels. In upward movements, the first resistance area is monitored at the 1.3170 level, while the RSI indicator is at 35.94, close to the oversold zone, showing a negative outlook. This suggests further downside potential in the short term. The fact that the pair has declined by 0.02% compared to the previous day indicates that the current weakness trend is continuing. Support:1.308 - 1.303 - 1.299 - Resistance:1.3135 - 1.318 - 1.322 -
GBP/USD paritesi, ABD'den gelen güçlü istihdam verileri sonrası Fed'in faiz indirim beklentilerinin değişmesiyle baskı altında kalıyor. Fed'in faiz indirim beklentilerinin 25 baz puan düzeyine çekilmesi ve Çin ekonomisinde teşviklerin yetersiz kalması gibi faktörler piyasa üzerinde etkili oluyor. ABD'de yaklaşan enflasyon verileri, paritenin yönü üzerinde belirleyici olabilir. Dolar endeksindeki yeni pozitif eğilim, sterlin üzerinde baskı oluşturmaya devam edebilir. 4 saatlik grafikte, GBP/USD paritesi 1,3180 - 1,3220 seviyelerindeki 100 periyotluk ortalamaların altında işlem görüyor ve bu seviyelerin altındaki hareket devam ederse parite 1,3080, 1,3030 ve 1,2990 destek seviyelerine doğru gerileyebilir. RSI göstergesi 41,24 seviyesinde olup negatif bir görünüm sergiliyor. Günlük %0,01'lik hafif bir artış göstermektedir. Şu anki güncel fiyat ise 1,3091 seviyesinde seyrediyor. Destek:1.308 - 1.303 - 1.299 - Direnç:1.3135 - 1.318 - 1.322 -
The EUR/USD pair continues to find direction with expectations regarding the Fed's interest rate policy following the U.S. employment data. As the U.S. inflation data approaches, market participants are focused on these figures, as they will be one of the determinants of the Fed's interest rate cut policy. Expectations for the dollar are shaped by its movements above the 99.85 - 100.15 region on the dollar index. A positive trend in the index may continue to put pressure on the EUR/USD pair. However, for a strong negative outlook to develop, the dollar index needs to fall below the specified regions. From a technical analysis perspective, the EUR/USD is trading below the 144 and 233-period moving averages in the 1.1040 – 1.1100 region on the four-hour chart, indicating ongoing pressure on the pair. Therefore, it is possible for the pair to retrace towards the support levels of 1.0940, 1.0905, and 1.0870. In the case of an upward movement, if we stay above 1.1040, a recovery may be seen. The RSI indicator is at 38.99, showing a negative outlook. The pair is priced at 1.0976, showing a 0.10% decrease compared to the previous day. Support:1.094 - 1.0905 - 1.087 - Resistance:1.099 - 1.104 - 1.11 -
EUR/USD paritesi, ABD istihdam verilerinin ardından Fed’in faiz politikasına dair beklentilerle yön bulmaya devam ediyor. ABD enflasyon verilerinin yaklaşmasıyla piyasa oyuncuları bu verilere odaklanmış durumda, zira Fed’in faiz indirimi politikasının belirleyicilerinden biri olacak. Dolara yönelik beklentiler, dolar endeksinin 99,85 – 100,15 bölgesi üzerindeki hareketleriyle şekilleniyor. Endeksteki olumlu seyir, EUR/USD paritesinde baskı yaratmaya devam edebilir. Ancak güçlü bir şekilde negatif bir görünüm oluşması için dolar endeksinin belirtilen bölgelerin altına inmesi gerekmekte. Teknik analiz açısından, EUR/USD dört saatlik grafikte 1,1040 – 1,1100 bölgesinde yer alan 144 ve 233 periyotluk hareketli ortalamaların altında işlem görüyor, bu da paritede baskının sürdüğünü gösteriyor. Bu nedenle paritenin 1,0940, 1,0905 ve 1,0870 destek seviyelerine doğru geri çekilmesi olasıdır. Yukarı yönlü bir hareketlenmede ise 1,1040 ve üzerinde kalırsak toparlanma görülebilir. RSI göstergesi 38.99 seviyesinde olup negatif bir görünüm sergiliyor. Parite önceki güne göre %0.10 düşüş göstererek 1.0976 seviyelerinde fiyatlanmakta. Destek:1.094 - 1.0905 - 1.087 - Direnç:1.099 - 1.104 - 1.11 -
U.S. natural gas futures are showing a downward trend due to the approach of Hurricane Milton towards Florida. The adverse conditions that hurricanes can create on demand are putting pressure on natural gas prices. Throughout the day, the trajectory of European and U.S. stock exchanges may also influence pricing. Analysts indicate that as long as it stays below the 2.780 – 2.820 resistance levels, downward movements are more likely. If prices cannot surpass these resistance levels, lower levels such as 2.675 and 2.650 may be targeted. However, if recovery trends are observed, it may be possible to target the 2.850 and 2.880 levels if there are sustainable closures above 2.820. From a technical analysis perspective, the NGCUSD pair is being monitored on the 1-hour chart. After stalling at the 2.668 resistance level during the day, the pair is testing the supports at 2.638 and 2.600 levels. The RSI indicator is at 39, showing a negative outlook. The price, which has decreased by 0.12% compared to the previous day, is currently trading at around 2.590 levels. These technical indicators may suggest that the selling pressure on the pair could continue to have an impact. Support:2.61 - 2.58 - 2.54 - Resistance:2.675 - 2.71 - 2.74 -
ABD doğal gaz vadeli işlemleri, Florida’ya yaklaşan Milton kasırgasının etkisiyle gerileme eğilimi gösteriyor. Kasırgaların talep üzerinde oluşturabileceği olumsuz koşullar, doğal gaz fiyatları üzerinde baskı yaratıyor. Gün içerisinde Avrupa ve ABD borsalarının seyri de fiyatlamalar üzerinde etkili olabilir. Analistler, 2,780 – 2,820 direnç seviyelerinin altında kalındığı sürece aşağı yönlü hareketlerin daha olası olduğunu belirtiyor. Eğer fiyatlamalar bu direnç seviyelerini aşamazsa, 2,675 ve 2,650 gibi daha düşük seviyeler hedeflenebilir. Ancak toparlanma eğilimleri görülürse, 2,820'nin üzerinde sürdürülebilir kapanışların yaşanması durumunda 2,850 ve 2,880 seviyelerinin hedeflenmesi mümkün olabilir. Teknik analiz açısından, NGCUSD paritesi 1 saatlik grafikte izleniyor. Parite gün içerisinde 2,668 seviyesi direncinde takıldıktan sonra, 2,638 ve 2,600 seviyelerindeki destekleri test ediyor. RSI göstergesi 39 seviyesinde bulunarak negatif bir görünüm sergiliyor. Önceki güne göre %0.12 oranında bir azalış gösteren fiyat, güncel olarak 2,590 seviyelerinden işlem görüyor. Bu teknik göstergeler, paritede satış baskısının etkisini sürdürebileceğine işaret edebilir. Destek:2.61 - 2.58 - 2.54 - Direnç:2.675 - 2.71 - 2.74 -
The DAX40 index continues its downward trend despite the mixed outlook in European markets. Among European indices, the pressure on DAX40 is noticeable, unlike many other indices. This situation contrasts with the general trend of European stock markets, which are positive aside from Germany and the Netherlands. The index remaining below the 13 and 34- period averages suggests that the current weakness might persist. In this environment, attention is focused on the 19200-19250 range; it is considered that the downward pressure may continue until these levels are surpassed. Technically, the DAX40 index is observed on a 1-hour timeframe and is currently trading at the 18996 level. Resistance is at 19094 and 19108 levels, while support is at 18960, 18885, and 18780 levels. The 18885 level is prominent, and falling below it may lead to a deepening of the negative trend. The RSI indicator is at 34.92 and close to the oversold area, indicating a negative outlook in the market. Additionally, the index has depreciated by 0.14% compared to the previous day. Support:19350 - 19278 - 19195 - Resistance:19465 - 19545 - 19660-
DAX40 endeksi, Avrupa piyasalarındaki karışık görünüme rağmen düşüş eğilimini sürdürüyor. Avrupalı endeksler arasında, diğer birçok endeksin aksine, DAX40'taki baskı dikkat çekici. Bu durum, Almanya ve Hollanda dışında pozitif seyir gösteren Avrupa borsalarının genel eğilimine tezat oluşturuyor. Endeksin 13 ve 34 periyotluk ortalamaların altında seyrini sürdürmesi, mevcut zayıflığın devam edebileceğine işaret ediyor. Bu ortamda, dikkatler 19200-19250 bandına odaklanmış durumda; bu seviyeler aşılana kadar aşağı yönlü baskının devam edebileceği değerlendiriliyor. Teknik açıdan, DAX40 endeksi 1 saatlik zaman diliminde gözlemlenmekte olup, şu an 18996 seviyesinde işlem görmekte. Dirençler 19094 ve 19108 seviyelerinde, destekler ise 18960, 18885 ve 18780 seviyelerinde yer alıyor. 18885 seviyesi öne çıkarken, bu seviyenin altına inilmesi negatif trendin derinleşmesine neden olabilir. RSI göstergesi 34.92 seviyesinde ve aşırı satım bölgesine yakın seyrederek piyasada negatif bir görünüm sergiliyor. Ayrıca endeks, önceki güne kıyasla %0,14 değer kaybetmiş durumda. Destek:19350 - 19278 - 19195 - Direnç:19465 - 19545 - 19660 -
Expectations regarding the Fed's November statement strengthening the possibility of a slow rate cut continue to be one of the main factors affecting the NASDAQ100 index. The 10-year US Treasury yield remaining above 4% also supports this situation. While major tech companies like Apple, Microsoft, Google, Amazon, and Meta are recording declines, companies like Nvidia are showing a positive divergence. Speeches by FOMC members could be a significant factor in determining the direction of the index. Economic developments in China and the US, as well as the Fed's meeting minutes, remain important for the markets. Technically, the NASDAQ100 index has formed strong support between the 19800 and 19700 levels on the 1-hour chart. Overcoming the 20150 resistance in upward movements is crucial. Currently, the price is trading at the 19787 level. The RSI indicator is at 40.35 and exhibits a neutral outlook. There is a 0.12% decline compared to the previous day. Movement around the 19800 level is expected to be significant for determining direction. Support:20350 - 20250 - 20150- Resistance:20500 - 20650 - 20750 -
Fed’in Kasım ayı beyanatına yönelik beklentilerin yavaş faiz indirim ihtimalini güçlendirmesi, NASDAQ100 endeksini etkileyen ana faktörlerden biri olmaya devam ediyor. 10 yıllık ABD tahvil faizinin %4’ün üzerinde kalması da bu durumu destekliyor. Büyük teknoloji şirketleri arasında Apple, Microsoft, Google, Amazon ve Meta gerileme kaydederken, Nvidia gibi şirketler pozitif bir ayrışma gösteriyor. FOMC üyelerinin konuşmaları, endeksin yön tayininde önemli bir unsur olabilir. Çin ve ABD’deki ekonomik gelişmelerin yanı sıra Fed toplantı tutanakları da piyasalar için önemli olmaya devam ediyor. Teknik olarak NASDAQ100 endeksi 1 saatlik grafikte 19800 ve 19700 seviyeleri arasında güçlü bir destek oluşturmuş durumda. Yukarı yönlü hareketlerde 20150 direncinin aşılması önem arz ediyor. Mevcut durumda fiyat 19787 seviyesinde işlem görüyor. RSI göstergesi 40.35 seviyesinde ve nötr bir görünüm sergiliyor. Önceki güne göre %0.12'lik bir düşüş mevcut. 19800 civarındaki hareketin yön belirleyici olması beklenebilir. Destek:20350 - 20250 - 20150 Direnç:20500 - 20650 - 20750 -
Brent crude oil prices have largely preserved their gains from Middle Eastern risk factors, despite minor declines due to unmet expectations from China. The absence of further economic stimulus in China, in particular, has led to disappointment in the markets. This situation affects the economic outlook in China and other major economies, shaping expectations for oil prices. The impact of American employment data and the policies of the Central Bank on Brent crude is also being closely monitored. From a technical analysis perspective, Brent crude oil prices have been examined on the 1-hour chart timeframe. Prices are attempting to hold above the support zone of 78.50 – 79.00. In upward movements, the resistance levels of 80.00 and 80.50 should be watched. In downward movements, the 78.50 level stands out as a critical support, and if this level is broken, a pullback towards the levels of 78.00 and 77.50 may be observed. The RSI indicator is at 52, showing a neutral trend. The current price is at 79.42, with a minor decrease of 0.01% from the previous day. Support:76.5 - 76 - 75.5 - Resistance:77.5 - 78 - 78.5 -
Brent Petrol fiyatları, Çin'den gelen beklentilerin karşılanmaması ile oluşan küçük gerilemelere rağmen, Orta Doğu kaynaklı risklerle oluşan kazanımlarını büyük ölçüde korumuş durumda. Özellikle Çin'deki son ekonomik teşviklerin devamının gelmemesi, piyasalarda hayal kırıklığı yarattı. Bu durum, Çin ve diğer büyük ekonomilerdeki ekonomik görünümü etkileyerek petrol fiyatlarına yönelik beklentileri şekillendirmekte. Amerikan istihdam verileri ve Merkez Bankası politikalarının da Brent Petrol üzerindeki etkisi yakından izlenmekte. Teknik analiz açısından, Brent Petrol fiyatları 1 saatlik grafik zaman diliminde incelenmiştir. Fiyatlar, 78,50 – 79,00 destek bölgesinin üzerinde tutunmaya çalışıyor. Yukarı hareketlerde 80,00 ve 80,50 direnç seviyeleri takip edilmelidir. Aşağı yönlü hareketlerde ise, 78,50 seviyesi kritik bir destek olarak öne çıkıyor ve bu seviyenin kırılması durumunda 78,00 ve 77,50 seviyelerine doğru bir geri çekilme gözlemlenebilir. RSI göstergesi 52 seviyesinde olup, nötr bir eğilim sergiliyor. Mevcut fiyat 79,42 seviyesindedir ve bir önceki güne göre %0,01'lik küçük bir düşüş görülmektedir. Destek:76.5 - 76 - 75.5 - Direnç:77.5 - 78 - 78.5 -
In the EUR/USD pair, the 1.0856 – 1.0896 area, where the 200-period average is located, maintains its importance as a critical support area. As long as the pair remains above this area, the positive outlook may continue and upward movements towards the levels of 1.1012 and 1.1050 may be observed. In particular, permanent movements above the level of 1.1050 may be considered as an important signal that the trend rally will continue. However, if the pair cannot exceed this level, a pullback and reaction sales may occur towards the 1.0856 – 1.0896 area. In this case, the 200-period average may be monitored as short-term support. If the Dollar Index falls below this support area without a permanent strengthening, the low level of 1.0665 in June may come to the fore.
Oil prices are experiencing volatility due to unmet expectations regarding new incentives in China and risks stemming from the Middle East. Developments in the Chinese economy are increasing global growth concerns, bringing uncertainties regarding oil demand. European and U.S. stock markets are expected to be factors influencing oil prices during the day. Especially if pricing remains above the 75.00 – 75.50 support levels in the upcoming period, an upward trend could become more pronounced. According to technical analysis, the WTIUSD pair is being examined in a 1- hour time frame. According to the latest data, the price is at the 76.242 level. Resistance levels for the pair are being monitored at 75.573 and 77.789, while support levels are identified as 74.201 and 72.790. The RSI indicator is at 48.99, displaying a neutral outlook. There has been a slight decrease of 0.01% in the last 24 hours, with balancing in price dynamics drawing attention. Movements during the day may provide more information on how the aforementioned support and resistance levels will be tested. Support:73.5 - 73 - 72.5 - Resistance:74.5 - 75 - 75.5 -
Petrol fiyatları, Çin'deki yeni teşviklerle ilgili beklentilerin gerçekleşmemesi ve Orta Doğu kaynaklı risklerin etkisiyle dalgalı bir seyir izliyor. Çin ekonomisinde yaşanan gelişmeler küresel büyüme endişelerini artırırken, petrol talebine yönelik belirsizlikleri de beraberinde getiriyor. Avrupa ve ABD borsalarının ise gün içinde petrol fiyatları üzerinde etkili olabilecek faktörler arasında yer alması bekleniyor. Özellikle, önümüzdeki süreçte fiyatlamaların 75,00 – 75,50 destek seviyeleri üzerinde kalması durumunda yukarı yönlü bir eğilim daha belirgin hale gelebilir. Teknik analize göre, WTIUSD paritesi 1 saatlik zaman diliminde inceleniyor. Son verilere göre fiyat 76.242 seviyesindedir. Parite için 75.573, 77.789 direnç seviyeleri izlenirken, destek seviyeleri 74.201 ve 72.790 olarak belirleniyor. RSI göstergesi 48.99 seviyesinde ve nötr bir görünüm sergiliyor. Son 24 saatte %0.01 oranında küçük bir düşüş yaşanmış olup, fiyat dinamiklerindeki dengelenme dikkat çekiyor. Gün içindeki hareketler, yukarıda bahsedilen destek ve direnç seviyelerinin nasıl test edileceği hakkında daha fazla bilgi verebilir. Destek:73.5 - 73 - 72.5 - Direnç:74.5 - 75 - 75.5 -
The GBP/USD pair is continuing its permanent course above the 1.2790 – 1.2797 region, where the 55 and 89-period averages are located. This indicates that the pair may make upward movements towards the 1.2865 and 1.2900 levels. In particular, permanent movements above the 1.2865 level can be evaluated as an important signal that the trend rally will continue. If these levels cannot be exceeded, the pair may experience a reaction sale towards the averages. In such a pullback, the 1.2790 – 1.2797 region should be monitored as short-term support. However, a permanent strengthening in the Dollar Index is required for the current scenario to be considered invalid; otherwise, the August low of 1.2670 may come to the fore.
Expectations for the Fed's November statement continue to exert pressure on the price of gold due to the increasing likelihood of a slower rate cut scenario. CME data evaluates the possibility of a 25 basis point rate cut in November, while another possibility is no rate cut at all. High geopolitical risks serve as a balancing factor in the price of the precious metal. Gold investors may closely follow FOMC members' speeches and upcoming announcements in this uncertain environment. The XAUUSD pair is showing a narrow range between the 2640 – 2660 region on the hourly chart. Following this consolidation, the resistance levels are being tracked at 2670 and 2680 in upward movements, while support levels stand out at 2630 and 2620 in downward pressures. The RSI indicator is at 48, indicating a neutral outlook. Gold is trading at 2644.25, down by 0.05% compared to the previous day. Support:2610 - 2600 - 2590 - Resistance:2620 - 2630 - 2640 -
Fed’in Kasım ayı beyanatına yönelik beklentiler, daha yavaş faiz indirim senaryosunun ağırlık kazanması nedeniyle ons altın fiyatı üzerinde baskı yaratmaya devam ediyor. CME verileri, Kasım ayında 25 baz puanlık faiz indirimi ihtimalini değerlendirirken, diğer bir olasılık ise hiç faiz indirimi yapılmaması yönünde. Jeopolitik risklerin yüksek oluşu değerli metalin fiyatında bir denge unsuru oluşturuyor. Altın yatırımcıları, bu belirsiz ortamda FOMC üyelerinin konuşmalarını ve yapılacak açıklamaları yakından takip edebilir. XAUUSD paritesi saatlik grafikte 2640 – 2660 bölgesi arasında sıkışmış bir seyir izliyor. Bu sıkışmanın ardından yukarı yönlü hareketlerde 2670 ve 2680 seviyeleri direnç olarak takip ediliyor. Aşağı yönlü baskılarda ise 2630 ve 2620 seviyeleri destek olarak öne çıkıyor. RSI göstergesi 48 seviyesinde, nötr bir görünüm sergiliyor. Ons altın, bir önceki güne göre %0.05 değer kaybederek 2614.50 seviyesinden işlem görmekte. Destek:2610 - 2600 - 2590 - Direnç:2620 - 2630 - 2640 -
In the USD/TRY exchange rate, the 33.13 - 33.26 region, which is the lower point of the upward channel, stands out as a critical support area. As long as the exchange rate remains above this region, it can maintain its positive outlook and upward movements towards the 33.62, 33.74, and 33.82 levels can be seen. In particular, permanent movements above the 33.62 level can strengthen the upward desire and allow the exchange rate to approach the 33.90 - 34.00 region. However, if it falls below the 33.50 level, reaction sales may increase. In such a case, unless there is strong news flow based on TL, it is important for the exchange rate to remain above the 33.13 - 33.26 region in terms of continuing positive expectations. It should not be forgotten that the upward channel must end for the current scenario to be considered invalid.
The USD/TRY pair currently exhibits a relatively weak outlook among emerging market currencies. Factors such as the weakness of the Chinese economy in global markets and the U.S. interest rate policies put pressure on the Turkish Lira. At the same time, the strengthening of other currencies like the Peruvian Sol, along with the reduced expectations of an interest rate cut by the Fed in September, contribute to the weakness of the Turkish Lira against the Dollar. While Chinese economic stimulus packages remain insufficient, CPI data is expected to be released in the U.S. These global developments could influence the direction of the USD/TRY pair. The USD/TRY pair is trading near the 34.28 level on the 4-hour chart. Currently, the 34.08 level is monitored as a significant support point, while the levels of 34.28, 34.34, and 34.42 are followed as resistance in upward movements. The RSI indicator is at 56.51, showing a positive trend. It's observed that the pair has increased by 0.0017% compared to the previous day. The current price is seen as 34.25. Support:34.17 - 34.09 - 33.96 - Resistance:34.28 - 34.35 - 34.41 -
Following the consumer price index’s decline to 2.9% annually and increase of 0.2% monthly, expectations for a 25 basis point interest rate cut for September have increased. This has suppressed the price of the ounce of gold. Unemployment applications, retail sales and manufacturing data will be monitored during the day. The ounce of gold has risen above the area supported by indicators monitored in the short term. As long as pullbacks in the 2440-2450 area remain limited, the positive outlook may continue and increases towards the 2460 and 2470 levels may be seen. The 2470 level in particular should be monitored as an important resistance in terms of continuing positive expectations. Alternatively, if persistent pricing occurs below the 2440-2450 area, the ounce of gold may retreat to the 2431 and 2425 levels.
The GBP/USD pair remains under pressure following strong employment data from the US and a shift in expectations regarding the Fed's rate cuts. Factors such as the adjustment of Fed's rate cut expectations to 25 basis points and insufficient stimulus in the Chinese economy are influencing the market. Upcoming inflation data in the US could be decisive for the direction of the pair. The new positive trend in the dollar index may continue to exert pressure on the sterling. On the 4-hour chart, the GBP/USD pair is trading below the 100-period averages at the 1.3180 - 1.3220 levels, and if the movement below these levels continues, the pair could decline towards the support levels of 1.3080, 1.3030, and 1.2990. The RSI indicator is at 41.24, showing a negative outlook, with a slight daily increase of 0.01%. The current price is hovering at the 1.3091 level. Support:1.303 - 1.299 - 1.2945 - Resistance:1.308 - 1.3135 - 1.318
GBP/USD paritesi, ABD'den gelecek enflasyon verileri ve Federal Rezerv'in faiz politikalarına dair beklentilerle yön buluyor. ABD'de enflasyon oranının düşmesi beklenirken, çekirdek enflasyonun sabit kalacağı öngörülüyor. ABD Dolar Endeksi'nin pozitif bir eğilim göstermesi, GBP/USD paritesi üzerinde baskı oluşturabilir. Diğer taraftan, İngiltere'de çekirdek enflasyonun yüksek seyretmeye devam etmesi, faiz indirim stratejileri üzerinde etkili olabilir. ABD’nin yanı sıra İngiltere, Euro Bölgesi ve Almanya’da da çekirdek enflasyonun yüksek seyir izlediği gözlemleniyor. Bu durum, piyasalarda normalleşme hızına dair endişeleri artırarak paritenin hareketlerini etkileyebilir. Teknik açıdan GBP/USD paritesi 4 saatlik grafikte incelendiğinde, 1.3135 - 1.3180 bölgesindeki 100 periyotluk ortalamanın altında seyrettiği sürece baskı altında kalması beklenebilir. Aşağı yönlü hareketlerde 1.3030, 1.2990 ve 1.2945 seviyeleri destek olarak takip edilebilirken, yukarı yönlü bir toparlanma için 1.3135 direncinin üzerine kalıcı bir geçiş gereklidir. RSI göstergesi 36.86 seviyesinde, düşük momentumda nötr bir görünüm sergilemektedir. Önceki güne göre paritede %0,25'lik bir düşüş gözleniyor ve güncel fiyat 1.3067 seviyesinde işlem görmektedir. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.099 - 1.104 - 1.11 -
Oil futures have come under pressure due to data on rising oil stocks in the US, despite the ongoing Iran-Israel tensions. The course of European and US stock markets and the Middle East agenda can be monitored during the day. As long as oil prices remain below the 76.50-77.00 resistance zone, downward pressure may continue and prices may fall to the 75.50 and 75.00 levels. If possible recoveries remain limited to the 76.50-77.00 resistance, new downside potential may occur. For the continuation of the rise, a course above the 77.00 level and 4-hour closings should be seen. In this case, the 77.50 and 78.00 levels can be targeted.
The EURUSD pair is trying to find direction with the expected inflation data from the US and the Federal Reserve's interest rate policy expectations. While headline inflation in the US is expected to decrease on an annual basis, core inflation is anticipated to remain the same. During this process, the strengthening tendency of the US Dollar could increase the downward pressure on the EURUSD pair. The strong stance of the US Dollar Index continues to exert pressure on the EURUSD and other major market currencies. Technically, when the 4-hour chart is examined, the EURUSD pair is trading below the 1.0990 - 1.1040 region, indicating that the downward pressure might continue. There is potential for the pair to decline towards the support levels at 1.0940, 1.0905, and further to 1.0870. Among these levels, 1.0905 can be observed as a critical support. The RSI indicator is at the 27.40 level, in the oversold zone, displaying a negative outlook. While the daily change shows a decrease of 0.02%, the current price is around 1.0938. If a recovery is observed from these levels, attention can be paid to the resistance areas of 1.0990 - 1.1040. Support:1.0905 - 1.087 - 1.083 - Resistance:1.099 - 1.104 - 1.11
EURUSD paritesi, ABD'de beklenen enflasyon verileri ve Fed'in faiz politikası beklentileriyle yön bulmaya çalışıyor. ABD'de manşet enflasyonun yıllık bazda düşmesi beklenirken, çekirdek enflasyonun aynı kalması öngörülüyor. Bu süreçte ABD Doları'nın güçlenme eğilimi, EURUSD paritesinde aşağı yönlü baskıyı artırabilir. ABD Dolar Endeksi'nin güçlü duruşu, EURUSD ve diğer gelişmiş piyasa para birimleri üzerindeki baskıyı devam ettiriyor. Teknik olarak 4 saatlik grafik incelendiğinde, EURUSD paritesi 1,0990 - 1,1040 bölgesi altında seyrediyor ve bu durum, aşağı yönlü baskının sürebileceğini gösteriyor. Paritenin 1,0940, 1,0905 ve devamında 1,0870 destek seviyelerine doğru gerileme potansiyeli bulunmakta. Bu seviyelerde özellikle 1,0905 kritik bir destek olarak izlenebilir. RSI göstergesi 27.40 seviyesinde, aşırı satım bölgesinde yer alarak negatif bir görünüm sergiliyor. Günlük değişim %0.02'lik bir düşüşü işaret ederken, anlık fiyat 1.0938 seviyelerinde. Bu seviyelerden bir toparlanma görülürse, direnç olarak 1,0990 - 1,1040 bölgelerine dikkat edilebilir. Destek:1.0905 - 1.087 - 1.083 - Direnç:1.099 - 1.104 - 1.11 -
Oil futures have come under pressure as oil stocks in the US continue to rise, despite ongoing Iran-Israel tensions. The course of European and US stock markets and developments in the Middle East can be monitored during the day. As long as prices remain below the 80.50-81.00 resistance, the downside outlook may gain weight and declines towards the 79.50 and 79.00 levels may be seen. If recoveries remain limited to the 80.50-81.00 resistance, a new downside potential may emerge. For the continuation of the rise, a course above the 81.00 level and 4-hour closings are required, in which case the 81.50 and 82.00 levels can be targeted.
U.S. natural gas futures continue their downward trend due to the impact of Hurricane Milton. This decline stems from the potential negative effects of the hurricane, especially on demand. While developments related to the hurricane continue, the trajectory of European and U.S. stock markets may also influence pricing. Currently, as long as prices remain below the 2.780 – 2.820 resistance levels, a downward outlook may prevail. In potential declines, the 2.675 and 2.650 levels can be targeted. However, for a potential recovery, the continuation of the rise requires movement above 2.820 and the occurrence of 4-hour closes. Looking at the technical outlook, the NGC/USD pair traded on an hourly timeframe is below the 50-hour EMA at the level of 2.603, and it is also below longer-term averages. In downward movements, the first support is at 2.565, followed by the 2.550 level. In upward movements, the 2.603 and 2.662 resistance levels are noteworthy. The RSI indicator is at 44.46, showing a neutral outlook. It is trading at 2.551 with a 0.20% change during the day. Support:2.65 - 2.61 - 2.58 - Resistance:2.71 - 2.74 - 2.78 -
ABD doğal gaz vadeli işlemleri, Milton kasırgasının etkisiyle gerileme eğilimini sürdürüyor. Bu gerileme, kasırganın özellikle talep üzerinde yaratabileceği olumsuz etkilerden kaynaklanmakta. Kasırgayla ilgili gelişmeler devam ederken, Avrupa ve ABD borsalarının seyri de fiyatlamalar üzerinde etkili olabilir. Mevcut durumda fiyatlar, 2,780 – 2,820 direnç seviyeleri altında kaldığı sürece aşağı yönlü görünüm ön planda olabilir. Olası düşüşlerde 2,675 ve 2,650 seviyeleri hedeflenebilir. Ancak olası toparlanmalarda, yükselişin devamı için 2,820 üzerindeki seyri ve 4 saatlik kapanışların görülmesi gerekmektedir. Teknik görünüme baktığımızda, bir saatlik zaman diliminde işlem gören NGC/USD paritesi 2,603 seviyesindeki 50 saatlik EMA'nın altında seyrederken, daha uzun vadeli ortalamaların da altında bulunuyor. Aşağı yönlü hareketlerde ilk destek 2,565 seviyesinde, ardından 2,550 seviyesi takip edilebilir. Yukarı yönlü hareketlerde ise 2,603 ve 2,662 direnç seviyeleri dikkat çekiyor. RSI göstergesi 44,46 seviyesinde olup, nötr bir görünüm sergiliyor. Gün içinde %0,20'lik bir değişimle 2,569 seviyesinde işlem görüyor. Destek:2.65 - 2.61 - 2.58 - Direnç:2.71 - 2.74 - 2.78 -
After the consumer price index fell to 2.9% annually and increased by 0.2% monthly, expectations for a 25 basis point interest rate cut for September increased. Despite this, the NASDAQ100 index found some room to rise. Unemployment applications, retail sales and manufacturing data will be monitored for the index during the day. The NASDAQ100 index continued its positive trend by rising above the region supported by the monitored indicators. Technically, as long as it remains above the 18850 - 18975 region, the upward trend may continue and the 19300 and 19400 levels may be reached. Alternatively, if permanent pricing occurs below the 18850 - 18975 region, the index may retreat to the 18750 and 18670 levels.
Expectations regarding the Fed's future interest rate policies continue to influence the direction of the DAXEUR pair. After the employment data, the market's expectation that the Fed will cut rates by the end of the year is weak; however, all eyes are on the U.S. September inflation data to be announced on Thursday. It is observed that DAX40, fluctuating around the average, may not find a clear direction in the short term in light of the Fed's statements and the FOMC meeting minutes. In this environment of uncertainty, the markets need a movement outside the 19090-19350 range. Technically, in the hourly chart of DAXEUR, the 19090 level is seen as an important support, while the 19350 level is monitored as a key resistance. The RSI indicator stands at 54.84, showing a neutral outlook. There is a 0.17% increase compared to the previous day. The current price is at the 19214 level, and a confirmation of a new trend in pricing requires moving outside the band. Support:19298 - 19195 - 19090 - Resistance:19465 - 19545 - 19660
Fed'in gelecekteki faiz politikalarına yönelik beklentiler DAXEUR paritesinin yönünde etkili olmaya devam ediyor. İstihdam verileri sonrası, piyasanın Fed'in yılsonuna kadar faiz indirimine gideceği beklentisi zayıf, ancak gözler perşembe günü açıklanacak olan ABD Eylül ayı enflasyon verilerinde. Ortalama çevresinde dalgalanan DAX40'ın FED açıklamaları ve FOMC toplantı tutanakları ışığında kısa vadede net bir yön bulamayabileceği gözleniyor. Bu belirsizlik ortamında, piyasaların 19090-19350 bandının dışında bir harekete ihtiyacı var. Teknik olarak, DAXEUR saatlik grafiğinde 19090 seviyesi önemli bir destek, 19350 seviyesi ise kilit bir direnç konumunda izleniyor. RSI göstergesi ise 54.84 seviyesinde ve nötr bir görünüm sergiliyor. Önceki güne göre %0.17'lik bir artış kaydedilmiş durumda. Güncel fiyat 19094 seviyesinde seyrediyor ve fiyatlamada yeni bir trendin teyidi için bandın dışına çıkılması gerekmektedir. Destek:19298 - 19195 - 19090 - Direnç:19465 - 19545 - 19660-
The US natural gas futures contract tested the highest levels in nearly three weeks due to the effect of hot weather forecasts. The course of European and US stock markets and the stock data to be announced by the US Energy Information Administration will be monitored during the day. As long as prices remain above the 2,140-2,180 support, the upward trend may continue and the 2,250 and 2,290 levels may be targeted. If possible declines are limited to the 2,140-2,180 support, a new uptrend may occur. However, for the continuation of the downward trend, a course below the 2,140 level and 4-hour closings are required, in which case a pullback to the 2,110 and 2,060 levels may occur.
The NASDAQ100 index is in a recovery trend last week due to positive employment data and expectations of the Fed’s interest rate cuts. The rise, led notably by technology giants Nvidia, Apple, and Meta, positively impacts the index. The strengthening expectation of a 25 basis point rate cut by the Fed and its effect on risk appetite supported the rise of the NASDAQ100 index. Global markets can observe potential price changes by following the FOMC meeting minutes and inflation data. According to technical analysis, the NASDAQ100 index stands out with price movements around the 20037 level on the hourly chart. The 20000 – 20150 range is observed as support, while the 20350 and 20500 levels are seen as resistance. The RSI indicator is at 58.44, displaying a positive outlook. With a change of 0.03% compared to the previous day, the current index price is at the 20241 level. Support:20350 - 20250 - 20150 - Resistance:20500 - 20650 - 20750 -
NASDAQ100 endeksi, geçtiğimiz hafta pozitif istihdam verileri ve Fed’in faiz indirim beklentilerinin etkisiyle toparlama eğiliminde. Özellikle teknoloji devleri Nvidia, Apple ve Meta’nın yükselişe öncülük etmesi, endekse olumlu yansıyor. Fed’in 25 baz puanlık faiz indirim beklentisinin güçlenmesi ve risk iştahı üzerindeki etkisi, NASDAQ100 endeksinin yükselişini destekledi. Küresel piyasalarda FOMC toplantı tutanakları ve enflasyon verileri takip edilerek olası fiyat değişimleri gözlemlenebilir. Teknik analize göre NASDAQ100 endeksi saatlik grafikte, 20037 seviyesi civarındaki fiyat hareketleriyle göze çarpıyor. 20000 – 20150 bölgesi destek, 20350 ve 20500 seviyeleri ise direnç olarak izlenmektedir. RSI göstergesi 58.44 seviyesinde olup pozitif bir görünüm sergiliyor. Önceki güne göre %0.03'lük bir değişimle, güncel endeks fiyatı 20047 seviyesinde bulunmaktadır. Destek:20350 - 20250 - 20150 - Direnç:20500 - 20650 - 20750 -
Oil prices declined due to the disappointment over stimulus expectations in China and the American Petroleum Institute's announcement of increased inventories. Developments in the US Middle East policy and energy stocks are among other significant factors affecting oil prices. Rising bond yields and inflation data in the US could indirectly influence oil pricing. It is observed that downward movements could gain strength as long as the pricing remains below the 78.00 – 78.50 resistance levels. When the chart is examined on an hourly timeframe, prices are approaching the 77.00 and 76.50 support levels. In upward movements, monitoring the 78.00 and 78.50 resistance levels is important. The RSI indicator is at 45.72, showing a slightly positive market trend. A 0.52% increase in prices was recorded compared to the previous day. The current Brent oil price is around 78.799 USD. Support:78.5 - 78 - 77.5 - Resistance:79.5 - 80 - 80.5 -
Petrol fiyatları, Çin’de teşvik beklentilerinin boşa çıkması ve Amerikan Petrol Enstitüsü’nün stoklarda artış açıklamasıyla geriledi. ABD’nin Orta Doğu politikasındaki gelişmeler ve enerji stokları da petrol fiyatlarını etkileyen diğer önemli unsurlar arasında yer alıyor. ABD’deki tahvil faizlerinin yükselmesi ve enflasyon verileri ise petrol fiyatlamalarına dolaylı olarak etki edebilir. Fiyatlamaların 78,00 – 78,50 direnç seviyelerinin altında kaldığı sürece aşağı yönlü hareketlerin güç kazanabileceği gözlemleniyor. Grafik saatlik zaman diliminde incelendiğinde, fiyatlar 77,00 ve 76,50 destek seviyelerine yaklaşıyor. Yukarı yönlü hareketlerde ise 78,00 ve 78,50 direnç seviyelerinin izlenmesi önemli. RSI göstergesi 45,72 seviyesinde bulunuyor ve piyasa hafif pozitif bir eğilim gösteriyor. Bir önceki güne göre fiyatlarda %0,52'lik bir artış kaydedildi. Güncel Brent petrol fiyatı 77,64 USD seviyelerinde seyrediyor. Destek:78.5 - 78 - 77.5 - Direnç:79.5 - 80 - 80.5 -
WTI crude oil futures declined following the dashed stimulus expectations in China and the American Petroleum Institute's announcement of an 11 million barrel increase in inventories. Additionally, developments in the Middle East are among the focal points of the market. The postponement of a meeting between the Israeli Defense Minister and the US draws attention to geopolitical risks in the region. Apart from the performance of European and US stock markets, inventory figures and inflation data to be released by the US Energy Information Administration are important factors affecting oil prices. From a technical analysis perspective, the WTI price faces resistance at the 74.52 to 74.93 levels on the hourly chart, while potential declines could find support at the 73.16 and 72.50 levels. The RSI indicator is at 45 and displays a slightly positive outlook. A 0.56% decrease in the WTI price has been observed compared to the previous day. The current price is recorded at 75.868. Support:75 - 74.5 - 74 - Resistance:76 - 76.5 - 77-
WTI ham petrol vadeli işlemleri, Çin’de teşvik beklentilerinin boşa çıkması ve Amerikan Petrol Enstitüsü'nün stoklarda 11 milyon varillik bir artış açıklamasının ardından geriledi. Ayrıca, Orta Doğu'daki gelişmeler de piyasanın odağındaki konular arasında yer alıyor. İsrail Savunma Bakanı’nın ABD ile gerçekleştireceği görüşmenin ertelenmesi, bölgedeki jeopolitik risklere dair dikkat çekiyor. Avrupa ve ABD borsalarının seyrine ek olarak, ABD Enerji Bilgi Dairesi'nin açıklayacağı stok rakamları ve enflasyon verileri petrol fiyatlarını etkileyen önemli faktörler olarak takip edilebilir. Teknik analiz olarak, WTI fiyatı 1 saatlik grafikte, 74,52 ile 74,93 seviyelerinde dirençle karşılaşıyor, olası gerilemelerde ise 73,16 ve 72,50 seviyeleri destek olarak izlenebilir. RSI göstergesi 45 seviyesinde bulunuyor ve hafif pozitif bir görünüm sergiliyor. Önceki güne göre WTI fiyatında %0,56’lık bir düşüş gözlemlenmiştir. Güncel fiyat ise 74,452 olarak kaydedildi. Destek:75 - 74.5 - 74 - Direnç:76 - 76.5 - 77-
Although gold is under some pressure after China's stimulus package announcement fell short of expectations, this pressure seems somewhat limited due to the increased likelihood of a rate cut by the Fed in November. In an environment where core inflation in the U.S. remains high, the Fed's interest rate policy plays a critical role. On the other hand, recovery efforts in Asian markets and the rise in U.S. 10-year Treasury yields could affect gold prices. Technically, XAU/USD shows a slight recovery on the hourly chart from the 2633.84 support level. In upward movements, the 2640.99 level can be monitored as an important resistance. The RSI indicator is at 46.16 and has a neutral outlook. Compared to the previous day, gold has increased by 0.12% and is currently trading at 2644.64. In this situation, by following short-term developments, a clearer picture of price movements can be observed. Support:2640 - 2630 - 2620 - Resistance:2650 - 2660 - 2670 -
Ons altın, Çin’in açıkladığı teşvik paketinin beklentileri karşılamamasının ardından bir miktar baskı altında kalsa da, Fed'in Kasım ayında faiz indirimi ihtimalinin artmasıyla bu baskı bir nebze sınırlanmış görünüyor. ABD'deki çekirdek enflasyonun yüksek kaldığı bir ortamda Fed'in faiz politikası kritik rol oynuyor. Öte yandan, Asya piyasalarında toparlanma çabası ve ABD 10 yıllık tahvil faizlerindeki yükseliş altın fiyatlarını etkileyebilir. Teknik olarak, XAU/USD saatlik grafikte 2633.84 destek seviyesinden hafif toparlanma gösteriyor. Yukarı yönlü hareketlerde 2640.99 seviyesi önemli bir direnç olarak izlenebilir. RSI göstergesi 46.16 seviyesinde ve nötr bir görünüme sahip. Bir önceki güne göre ons altın %0.12 oranında artış göstererek şu an 2623.64 seviyesinden işlem görüyor. Bu durumda, kısa vadeli gelişmeler takip edilerek fiyat hareketlerine dair daha net bir tablo gözlemlenebilir. Destek:2640 - 2630 - 2620 - Direnç:2650 - 2660 - 2670 -
The USD/TRY pair is finding direction amid developments affecting the performance of emerging market currencies against the US Dollar in global markets. While the Thai Baht is recorded as the strongest and the Philippine Peso as the weakest currency, the Turkish Lira is also on the weaker side, with the pair currently trading at the 34.27 level. Expectations regarding inflation data and the Fed's interest rate policies in the US continue to influence the direction of the pair. In this process, local economic indicators and internal pressures on the Turkish Lira also play an important role. Technically, when we look at the four-hour chart, the pair is hovering near the 34.28 resistance, and monitoring the 34.35 and 34.43 resistance levels is crucial. In downward movements, the 34.09 and 33.88 levels can be followed as support. The RSI indicator is at the 56 level, and the market is exhibiting a positive trend. USD/TRY has shown a 0.007% change compared to the previous day, with the current price at the 34.27 level. Support:34.17 - 34.06 - 33.96 - Resistance:34.28 - 34.35 - 34.4 -
USD/TRY paritesi, global piyasalarda gelişen ülke para birimlerinin ABD Doları karşısındaki performansı etkileyen gelişmelerle yön buluyor. Tayland Bahtı en güçlü, Filipin Pesosu en zayıf para birimi olarak kaydedilirken, Türk Lirası da zayıf tarafta yer almakta ve parite şu anda 34,27 seviyesinde işlem görüyor. ABD'de enflasyon verisi ve Fed faiz politikalarına yönelik beklentiler, paritenin yönü üzerinde etkili olmayı sürdürüyor. Bu süreçte yerel ekonomik göstergeler ve TL üzerindeki iç baskılar da önemli bir rol oynuyor. Teknik olarak baktığımızda, dört saatlik grafikte parite 34,28 direncine yakın seyrediyor ve 34,35 ile 34,43 direnç seviyelerinin izlenmesi önem arz ediyor. Aşağı yönlü hareketlerde 34,09 ve 33,88 seviyeleri destek olarak takip edilebilir. RSI göstergesi 56 seviyesinde ve piyasa pozitif bir eğilim sergiliyor. USD/TRY, önceki güne göre yüzde 0,007 değişim göstermiş durumda ve güncel fiyat 34,25 seviyesindedir. Destek:34.17 - 34.06 - 33.96 - Direnç:34.28 - 34.35 - 34.4 -
The GBP/USD pair is finding direction with expectations regarding inflation data from the United States and the Federal Reserve's interest rate policies. While the inflation rate in the U.S. is expected to decrease, core inflation is projected to remain stable. A positive trend in the U.S. Dollar Index could pressure the GBP/USD pair. On the other hand, if core inflation in the UK continues to remain high, it may influence interest rate cut strategies. Besides the U.S., core inflation in the UK, Eurozone, and Germany is also observed to be staying high. This situation could increase concerns about the pace of normalization in the markets, affecting the movement of the pair. From a technical perspective, when examining the GBP/USD pair on the 4- hour chart, it is expected to remain under pressure as long as it stays below the 100-period average in the 1.3135 - 1.3180 area. In downward movements, levels of 1.3030, 1.2990, and 1.2945 can be monitored as support, while a sustained move above the 1.3135 resistance is necessary for an upward recovery. The RSI indicator is at 36.86, showing a neutral outlook with low momentum. Compared to the previous day, a 0.25% decrease is observed in the pair, and the current price is trading at the 1.3067 level. Support:1.303 - 1.299 - 1.2945 - Resistance:1.308 - 1.3135 - 1.318 -
GBP/USD paritesi, ABD ve Avrupa merkez bankalarının yaklaşan faiz indirim beklentileri ve ekonomik veri akışlarıyla yön buluyor. Fed'in faiz indirimlerine dair güçlü beklentiler piyasa gündemini oluştururken, Avrupa Merkez Bankası'nın da benzer bir adım atacağı öngörülüyor. İngiltere Merkez Bankası'nın da yıl sonuna kadar iki toplantıda 25 baz puanlık faiz indirimleri yapabileceği değerlendiriliyor. ABD'den gelen enflasyon ve ÜFE verileri paritenin mevcut baskısının sürmesine neden olabilir. Dolar endeksindeki pozitif hareketlerin devamı, GBP/USD üzerinde baskıyı artırabilir. Teknik açıdan 4 saatlik grafikte parite, 1.3180 bölgesindeki 100 periyotluk hareketli ortalamanın altında kalarak aşağı yönlü baskıyı sürdürüyor. Destek seviyeleri olarak 1.3030, 1.2990 ve 1.2945 izlenebilirken, 1.2990 seviyesinin önemi kritik. Yukarı yönlü toparlanmalarda ise ortalama seviyelerinin geçerliliği için kalıcı hareketlere ihtiyaç var. Mevcut durumda RSI indikatörü 36.43 seviyesinde ve nötr görünümdedir. Paritenin önceki güne göre %0.10 oranında gerilediği görülüyor ve güncel fiyat 1.3047 seviyesinde işlem görüyor. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.308 - 1.3135 - 1.318 -
EUR/USD paritesinde 200 periyotluk ortalamanın bulunduğu 1,0856 – 1,0896 bölgesi kritik bir öneme sahip. Parite bu bölge üzerinde kaldığı sürece pozitif görünümünü koruyabilir ve bu durumda 1,1012 ve 1,1050 seviyelerine doğru yükselişler beklenebilir. Özellikle 1,1012 seviyesinin üzerinde kalıcı hareketler, trendin devamlılığı için önemli bir sinyal olarak değerlendirilebilir. Ancak, paritenin bu seviyeyi aşamaması durumunda, 1,0856 – 1,0896 bölgesine doğru bir geri çekilme görülebilir. Bu durumda, bu bölge kısa vadeli destek olarak kabul edilebilir. Ancak senaryonun geçersiz sayılması için, Dolar Endeksinin kritik bir göstergenin üzerinde kalıcı hareketler yapması gereklidir; aksi takdirde, Haziran ayının dip noktası olan 1,0665 seviyesi gündeme gelebilir.
GBPUSD paritesinde kısa vadede 1,2802 bölgesindeki 55 ve 89 periyotluk ortalamaların üzerinde seyir devam ediyor. Bu durumda, 1,2900 ve 1,2945 seviyelerine doğru yükselişler beklenebilir. Özellikle 1,2865 üzerinde kalıcı hareketler, trendin devamı için önemli bir sinyal olarak değerlendirilebilir. Ancak, geri çekilmelerde ortalamalar destek olarak görülebilir ve Dolar Endeksi'nin kalıcı bir yükselişi olmadan bu senaryo geçersiz sayılmayacaktır. Bu durumda, 1,2670 seviyesi gündeme gelebilir.
ECB and Fed announcements will play an important role in determining the direction of EURUSD in the next period. From a technical analysis perspective, EURUSD is trading below the 144 and 233 period moving averages at the 1.1040 level on the 4-hour chart. This indicates that the downward pressure on the pair may continue. Support levels can be monitored at 1.0905, 1.0870, and 1.0830. The 1.0905 level should be particularly closely watched. The RSI indicator is at the 38.63 level, displaying a negative outlook. A slight decline of 0.05% was recorded compared to the previous day. The current price is at the 1.0935 level. Support:1.0905 - 1.087 - 1.083 - Resistance:1.094 - 1.099 - 1.104 -
ECB ve Fed açıklamaları, bir sonraki dönemde EURUSD'nin yönünü belirlemede önemli rol oynayacaktır. Teknik analiz açısından, EURUSD 4 saatlik grafikte 1,1040 seviyesindeki 144 ve 233 periyotluk hareketli ortalamaların altında işlem görüyor. Bu durum paritedeki aşağı yönlü baskının sürebileceğine işaret ediyor. Destek seviyeleri olarak 1,0905, 1,0870 ve 1,0830 izlenebilir. Özellikle 1,0905 seviyesi yakından takip edilmeli. RSI göstergesi 38.63 seviyesinde, negatif bir görünüm sergiliyor. Bir önceki güne göre %0.05’lik hafif bir düşüş kaydedildi. Güncel fiyat 1,0932 seviyesindedir. Destek:1.0905 - 1.087 - 1.083 - Direnç:1.094 - 1.099 - 1.104 -
USDTRY kurunda 33,38 seviyesi önemli bir destek noktası olup, kur bu seviyenin üzerinde kaldıkça pozitif görünümünü sürdürebilir. Bu durumda, 33,74, 33,82 ve 33,90 seviyelerine doğru bir yükseliş alanı oluşabilir. Özellikle 33,74 üzerindeki kalıcı hareketler, yükselişi daha da güçlendirerek 33,97 – 34,00 bölgesine ulaşmasını sağlayabilir. Ancak, 33,62 seviyesinin kırılması durumunda satış baskısı artabilir. TL bazlı güçlü haberler olmadıkça, 33,38 seviyesi üzerinde pozitif beklenti devam eder. Mevcut senaryonun geçersiz sayılması için 33,13 seviyesinin altında kalıcı hareketler gereklidir.
Ons altın, kısa vadede 2440-2450 bölgesinde tutunmaya devam ettikçe pozitif eğilim sürebilir ve yükseliş 2460-2470 seviyelerine ulaşabilir. Özellikle 2470 seviyesi, pozitif beklentinin devamı için kritik önemde. Alternatif olarak, 2440-2450 bölgesi altında kalıcı fiyatlamalar gerçekleşirse, düşüş eğilimi 2431 ve 2425 seviyelerine kadar sürebilir.
Fiyatlamalar 75,50 – 76,00 desteği üzerinde kaldığı sürece yukarı yönlü görünüm korunabilir ve 77,50 ile 78,00 seviyeleri hedeflenebilir. Düşüş durumunda, 75,50 – 76,00 desteği geçerliliğini koruduğu sürece yeni bir yükseliş potansiyeli oluşabilir. Ancak, 75,50 altındaki seyir ve 4 saatlik kapanışlar, 75,00 ve 74,50 seviyelerine düşüşü gündeme getirebilir.
U.S. natural gas futures remain under pressure due to Hurricane Milton, with market participants closely monitoring the inventory figures to be released by the U.S. Energy Information Administration. These two factors increase market uncertainties. Concerns raised by the hurricane could impact supply chains and the supply-demand balance. Staying below intermediate resistance levels indicates a weak market trend. As long as prices remain below the 2.675 – 2.710 resistance area, the downward trend may continue. In downward movements, the 2.610 and 2.580 levels could be targeted. From a technical standpoint, on the 1-hour chart, natural gas prices are moving at the 2.502 level. The chart is squeezed between the 2.552 support and 2.604 resistance levels. The RSI indicator is at 34.66, close to the oversold region, which might indicate a possible recovery. Compared to yesterday's close, prices have decreased by 0.32%. For short-term recoveries to strengthen, prices need to close above the 2.710 resistance. In this case, the levels of 2.740 and 2.780 could be monitored for upward potential. Support:2.54 - 2.505 - 2.475 - Resistance:2.61 - 2.65 - 2.675 -
ABD doğal gaz vadeli işlemleri, Milton Kasırgası'nın etkisiyle baskı altında kalmayı sürdürürken, ABD Enerji Bilgi Dairesi’nin açıklayacağı stok rakamları yakından takip ediliyor. Bu iki faktör, piyasa üzerindeki belirsizlikleri artırıyor. Kasırganın yarattığı endişeler, tedarik zincirlerini ve arz-talep dengesini etkileyebilir. Ara direnç seviyelerinin altında kalması, piyasanın zayıf bir seyir izlediğine işaret ediyor. Bu süreçte fiyatlar, 2,675 – 2,710 direnç bölgesinin altında kaldığı sürece düşüş eğilimini sürdürebilir. Aşağı yönlü hareketlerde ise 2,610 ve 2,580 seviyeleri hedeflenebilir. Teknik açıdan bakıldığında, 1 saatlik grafikte doğal gaz fiyatları 2,502 seviyesinde hareket ediyor. Grafik 2,552 destek ve 2,604 direnç seviyeleri arasında sıkışmış durumda. RSI göstergesi 34,66 seviyesinde olup, aşırı satım bölgesine yakın seyrediyor ve bu da olası bir toparlanmaya işaret edebilir. Önceki kapanışa göre fiyatlar %0,32 oranında düşüş gösterdi. Kısa vadeli toparlanmaların güçlenebilmesi için fiyatların 2,710 direncinin üzerinde kapanışlar gerçekleştirmesi gerekmekte. Bu durumda yukarı yönlü potansiyel için 2,740 ve 2,780 seviyeleri izlenebilir. Destek:2.54 - 2.505 - 2.475 - Direnç:2.61 - 2.65 - 2.675 -
Fiyatlamalar 79,50 – 80,00 desteği üzerinde kaldığı sürece yukarı yönlü görünüm korunabilir ve 81,50 ile 82,00 seviyeleri hedeflenebilir. Düşüşlerde, 79,50 – 80,00 desteği korunduğu sürece yeni bir yükseliş potansiyeli devam edebilir. Ancak, 79,50 altındaki seyir ve 4 saatlik kapanışlar, 79,00 ve 78,50 seviyelerine doğru bir geri çekilmeyi tetikleyebilir.
The DAX 40 index is following a positive trend within the framework of inflation and interest rate expectations in global markets. The anticipated declines in the US's core and headline inflation figures, particularly the tracking of core inflation calculated excluding energy and food, serve as an important indicator for the markets. The persistence of high core inflation in the Eurozone and Germany is also among the factors that could affect the index. Therefore, the pace of normalization and interest rate reduction strategies are being closely monitored. Technically, when the DAX 40 index is examined on the hourly chart, it appears to have managed to stay above the 19278 support and is heading towards the 19465 and 19545 resistance levels. In the chart, the RSI indicator is at the 60.89 level, displaying a slightly positive outlook. It is observed that the index has declined by 0.18% compared to the previous day. Its current price is around 19,248, and movements at these levels should be closely monitored. Support:19465 - 19350 - 19275 - Resistance:19545 - 19660 - 19755-
DAX 40 endeksi, küresel piyasalardaki enflasyon ve faiz beklentileri çerçevesinde pozitif bir seyir izliyor. ABD'nin çekirdek ve manşet enflasyon verilerindeki beklenen düşüşler, özellikle enerji ve gıda hariç hesaplanan çekirdek enflasyonun takibi, piyasalar için önemli bir gösterge niteliğinde. Avro Bölgesi ve Almanya'daki çekirdek enflasyonun yüksek seyirde kalması da endeks üzerinde etkili olabilecek faktörler arasında yer alıyor. Bu nedenle normalleşme hızı ve faiz indirim stratejileri yakından izleniyor. Teknik olarak, DAX 40 endeksi saatlik grafik üzerinde incelendiğinde 19278 desteğinin üzerinde kalmayı başarmış ve 19465 ile 19545 direnç seviyelerine yönelmiş görünüyor. Grafikte RSI göstergesi 60,89 seviyesinde olup, hafif pozitif bir görünüm sergiliyor. Endeksin önceki güne göre %0,18 oranında bir düşüş sergilediği gözlemleniyor. Güncel fiyatı 19,248 civarındadır ve bu seviyelerdeki hareketler dikkatle takip edilmelidir. Destek:19465 - 19350 - 19275 - Direnç:19545 - 19660 - 19755-
Perakende satışların beklentinin üzerinde artması, talebin güçlü seyrettiğini gösterirken, işsizlik başvurularının beklenti altında kalması işgücü piyasasındaki zayıflama endişelerini hafifletti. Bu durum durgunluk endişelerini azaltarak NASDAQ100 Endeksinin toparlanmasına destek verdi, özellikle Nvidia, Amazon, Meta ve Tesla gibi mega-cap teknoloji şirketleri yükselişe öncülük etti. Gün içinde Michigan Üniversitesi tüketici hissiyatı ve enflasyon beklenti verileri izlenecek. NASDAQ100 endeksi, 19155 – 19300 bölgesi üzerinde kaldıkça yükseliş eğilimini sürdürebilir ve 19700 ile 19800 seviyeleri hedeflenebilir. Ancak, 19155 – 19300 bölgesi altında kalıcı bir seyir, endekste 18975 ve 18850 seviyelerine geri çekilmeleri tetikleyebilir.
Following the release of the FOMC meeting minutes, the NASDAQ100 index is seeing increased buying activity. There is an upward movement led by major tech companies like Apple, Amazon, and Broadcom. However, the impact of news such as Alphabet’s potential monopoly lawsuit is also being monitored. CPI data may be significant for the index's pricing. Notably, the index being above the region supported by the 21 (20248) period exponential moving average could maintain the upward potential. In technical analysis, the hourly chart shows that the 20250 – 20350 range appears as an important support area. As long as it remains above this range, the resistance levels of 20500 and 20650 may be targeted. The 20500 level could play a significant role in this picture, as the failure to hold at this level might weaken the positive outlook. The RSI indicator is at 67.56, displaying a positive profile. With a slight decline of 0.06% compared to the previous day, the NASDAQ100 index is currently trading at 20259.7. Support:20350 - 20250 - 20150 - Resistance:20500 - 20650 - 20750 -
NASDAQ100 endeksi, FOMC toplantı tutanaklarının yayınlanması sonrası artan alım dikkat çekiyor. Apple, Amazon ve Broadcom gibi büyük teknoloji şirketlerinin öncülüğünde yukarı yönlü bir hareket söz konusu. Ancak, Alphabet’in potansiyel tekel davası gibi haberlerin etkisi de izleniyor. Bu endeksin fiyatlamaları üzerinde TÜFE verileri önem arz edebilir. Öne çıkan önemli bir nokta, 21 (20248) periyotluk üstel hareketli ortalamanın desteklediği bölgenin üzerinde olmasıdır. Endeksin bu bölgede kalması, yükseliş potansiyelinin devamını sağlayabilir. Teknik analizde saatlik grafikte, 20250 – 20350 aralığı önemli bir destek bölgesi olarak karşımıza çıkıyor. Üstünde kalındığı sürece 20500 ve 20650 direnç seviyeleri hedefte olabilir. 20500 seviyesi bu tabloda önemli bir rol oynayabilir, çünkü bu seviyenin tutunamaması durumunda pozitif beklenti zayıflayabilir. RSI göstergesi 67.56 seviyesinde, pozitif bir profil sergiliyor. Önceki güne göre %0.06’lık hafif bir gerileme yaşayan NASDAQ100 endeksi an itibarıyla 20259.7 seviyesinde işlem görüyor. Destek:20350 - 20250 - 20150 - Direnç:20500 - 20650 - 20750 -
Fiyatlamalar 2,140 – 2,180 desteği ve üzerinde kaldığı sürece yukarı yönlü görünüm ön planda olabilir. Gerçekleşebilecek yükselişlerde 2,250 ve 2,290 seviyeleri hedeflenebilir. Olası düşüşler 2,140 – 2,180 desteğiyle sınırlandığı sürece yeni yükseliş potansiyeli oluşabilir. Dolayısıyla düşüş isteğinin devamı için 2,140 altındaki seyri ve 4 saatlik kapanışları görmek gerekebilir. Bu durumda 2,110 ve 2,060 seviyeleri gündeme gelebilir.
Oil prices are showing recovery as tensions over Israel's potential attack on Iran continue and the U.S. Energy Information Administration announces the sharpest stock increase since April. Besides the trend in European and U.S. stock markets and developments in the Middle East, prices are expected to find direction with hourly closures outside the 76.50 – 77.50 range. In the upward scenario, if persistence is achieved above the 77.50 level, resistance levels such as 78.00 and 78.50 may come to the forefront. In the downward scenario, the 76.50 support is critical, and hourly closures below this level may bring 76.00 and 75.50 into focus. From a technical perspective, when analyzing price movements on the 1- hour chart, oil finds support between levels of 76.041 and 76.249, while 77.048 and 77.249 can be monitored as resistance. The RSI indicator stands at 49.76, displaying a neutral outlook. The price has registered a slight decline of 0.01% compared to the previous day and is currently trading at the 76.915 level. Support:77.5 - 77 - 76.5 - Resistance:78.5 - 79 - 79.5 -
Petrol fiyatları, İsrail'in olası İran saldırısına dair gerginliklerin sürmesi ve ABD Enerji Bilgi Dairesi'nin Nisan ayından bu yana en sert stok artışını açıklamasıyla toparlanma göstermektedir. Avrupa ve ABD borsalarının seyri ile Orta Doğu'daki gelişmelerin yanı sıra fiyatların 76,50 – 77,50 bandı dışında saatlik kapanışlarla yön bulması bekleniyor. Yükseliş senaryosunda 77,50 seviyesi üzerinde kalıcılık sağlanırsa 78,00 ve 78,50 direnç seviyeleri ön plana çıkabilir. Düşüş senaryosunda ise 76,50 desteği kritik olup, bu seviyenin altındaki saatlik kapanışlar 76,00 ve 75,50'yi gündeme getirebilir. Teknik açıdan, 1 saatlik grafikte fiyat hareketleri incelendiğinde petrol, 76,041 ve 76,249 seviyeleri arasında destek bulurken, 77,048 ve 77,249 ise direnç olarak izlenebilir. RSI göstergesi 49,76 seviyesinde bulunup, nötr bir görünüm sergiliyor. Fiyat önceki güne göre %0,01 oranında hafif bir gerileme kaydetmiş durumda ve güncel olarak 76,915 seviyesinden işlem görüyor. Destek:77.5 - 77 - 76.5 - Direnç:78.5 - 79 - 79.5 -
The oil market is experiencing volatility due to ongoing geopolitical risks in the Middle East and the increase in stocks reported by the U.S. Energy Information Administration. The potential for a conflict between Israel and Iran supports oil prices, while the increase in U.S. stocks could exert downward pressure. The trends of European and U.S. exchanges are also among the important factors that can affect oil prices. Pricing outside the range of 73.00 - 74.00, in particular, may clarify the market's search for direction. From a technical perspective, it is observed that WTIUSD is trading just below the 50, 100, and 200 hourly moving averages on the hourly chart, but close to these levels. The 74.10 level can be monitored as a significant resistance point, while the 73.27 level currently serves as support. The RSI indicator is at 52.92, presenting a neutral outlook. The change from the previous close is around -0.00%, and the current price is at 74.087 dollars. If the price rises above the 74.00 level, it could support continued upward movements, while a drop below the 73.00 support could accelerate declines. Support:73.5 - 73 - 72.5 - Resistance:74.5 - 75 - 75.5 -
Petrol piyasası, Orta Doğu'da devam eden jeopolitik riskler ve ABD Enerji Bilgi Dairesi'nin stoklarda bildirilen artışı nedeniyle hareketlilik gösteriyor. İsrail ve İran arasında olası bir çatışma ihtimali, petrol fiyatlarını desteklerken, ABD'deki stok artışı aşağı yönlü baskı oluşturabilir. Avrupa ve ABD borsalarının seyri de petrol fiyatlarını etkileyebilecek önemli unsurlar arasında yer alıyor. Özellikle 73,00 - 74,00 aralığı dışında olacak fiyatlamalar, piyasadaki yön arayışına netlik kazandırabilir. Teknik açıdan, WTIUSD'nin saatlik grafikte 74,10 seviyesi önemli bir direnç noktası olarak izlenebilirken, 73,27 seviyesi şu an için destek konumunda. RSI göstergesi 44.64 seviyesinde ve nötr bir görünüm sergiliyor. Bir önceki kapanışına göre değişim yüzde -0.00 civarında ve güncel fiyat 74.087 dolarda bulunuyor. Fiyatın 74,00 seviyesinin üzerine çıkması, yukarı yönlü hareketlerin devamını destekleyebilirken, 73,00 desteğinin altına inilmesi durumunda düşüşler hız kazanabilir. Destek:73.5 - 73 - 72.5 - Direnç:74.5 - 75 - 75.5 -
ABD’de bugün açıklanacak tarım dışı istihdam verisi öncesinde küresel piyasalar tedirgin bir seyir izlemekte. Özellikle Fed’in Eylül toplantısında faiz indirimine kesin gözüyle bakılırken, 25 baz puan mı yoksa 50 baz puan mı indirileceğine dair belirsizlik sürüyor. ABD’de Temmuz ayında zayıf gelen istihdam verileri piyasalarda resesyon endişelerini artırmıştı. EURUSD, bu gelişmelerin ışığında Fed’in vereceği kararlara odaklanmış durumda ve piyasa oyuncuları, bu verilerin euro üzerinde nasıl bir etki yaratacağını takip ediyor. EURUSD paritesi, 4 saatlik grafikte 1.1084 ve 1.104 seviyelerinde destek bulurken, 1.1145 ve 1.12 seviyeleri direnç olarak izleniyor. RSI göstergesi 66 seviyesinde olup, aşırı alım bölgesine yaklaştığını gösteriyor. Parite, önceki güne göre %0.03 oranında artış göstererek 1.11165 seviyesinde işlem görüyor.
Destek:1.1084 - 1.104 - 1.1009 Direnç:1.1145 - 1.12 - 1.125
Following the release of the FOMC meeting minutes, although the dollar index and the 10-year treasury yield rose, high geopolitical risks limited the declines in gold. As markets await the CPI data from the U.S., it should be noted that gold pricing could be affected by these figures. A bearish expectation might form as long as precious metal prices remain below the 2620 – 2630 levels. Meanwhile, the reaction of the 2590 – 2600 range will be important for the continuity of the declines. Technically, when XAUUSD is examined on the 1-hour chart, it can be seen that 2620 forms a resistance level. In downward movements, the 2610 and 2600 levels are monitored. The RSI indicator is at 63.6, showing a neutral outlook. On a daily basis, spot gold is trading at 2658.53, losing 0.03% in value. If the 2630 level is surpassed, the 2640 and 2650 levels may emerge as resistance. Support:2650 - 2640 - 2630 - Resistance:2660 - 2670 - 2680 -
FOMC toplantı tutanaklarının yayımlanması sonrası dolar endeksi ve 10 yıllık hazine tahvil getirisi yükselmiş olsa da, yüksek jeopolitik riskler ons altının düşüşlerini sınırlandırdı. Piyasalar, ABD'den gelecek olan TÜFE verilerini beklerken, altın fiyatlamalarının bu verilerden etkilenebileceği unutulmamalıdır. Kıymetli metal fiyatları, 2620 – 2630 seviyeleri altında kaldığı sürece düşüş yönünde bir beklenti oluşabilir. Bu esnada, özellikle 2590 – 2600 aralığının göstereceği tepki, düşüşlerin devamlılığı açısından önemli olacaktır. Teknik olarak, XAUUSD 1 saatlik grafikte incelendiğinde, 2620'nin bir direnç seviyesi oluşturduğu görülmekte. Aşağı yönlü hareketlerde 2610 ve 2600 seviyeleri takip ediliyor. RSI göstergesi 63.6 seviyesinde ve nötr bir görünüm sergiliyor. Günlük bazda ons altın %0.03 değer kaybederek, 2658.53 seviyesinde işlem görüyor. Eğer 2630 üzerinde seyrederse, 2640 ve 2650 seviyeleri direnç olarak gündeme gelebilir. Destek:2650 - 2640 - 2630 - Direnç:2660 - 2670 - 2680 -
ABD Merkez Bankası’nın Eylül ayındaki faiz indirimi kararı öncesinde piyasalarda bir belirsizlik hakim. Fed’in yıl sonuna kadar 100 baz puanlık bir faiz indirimi yapacağına dair beklentiler artarken, İngiltere tarafında ekonomik aktivitedeki yavaşlama da dikkat çekiyor. İngiltere Merkez Bankası’nın bu gelişmelere karşı vereceği tepki, GBPUSD paritesinin yönü açısından önemli olacak. Bugün ABD’den gelecek veriler, paritedeki oynaklığı artırabilir. GBPUSD paritesi, 4 saatlik grafikte 1.3134 ve 1.3096 seviyelerinde destek bulurken, 1.318 ve 1.323 seviyeleri direnç olarak izleniyor. RSI göstergesi 60 seviyesinde olup, yükseliş momentumunun devam ettiğini gösteriyor. Parite, önceki güne göre %0.01 oranında düşüş göstererek 1.31774 seviyesinde işlem görüyor. Destek:1.3134 - 1.3096 - 1.304 Direnç:1.318 - 1.323 - 1.328
The USD/TRY pair is relatively weak when compared to the performance of emerging market currencies against the US Dollar. The weakness of the Turkish Lira against the US Dollar persists, with USD/TRY currently trading near the 34.26 level. Global markets are closely monitoring the Producer Price Index data from the US and the Michigan consumer confidence index. In light of these data, expectations regarding the US interest rate policy may form, which could indirectly affect the USD/TRY pair. From a technical standpoint, the USD/TRY pair is trading at the 34.26 level on the four-hour chart. The level of 34.07 is observed as a significant support point for the pair. In upward movements, the levels of 34.28 and 34.35 have been identified as resistance. Permanent movements above the 34.41 level, the upper point of the Envelope indicator, may further strengthen the desire for an increase. The RSI indicator is at the 51.95 level, showing a neutral tendency. The percentage change from the previous day is notable at -0.02%. The current price is at the 34.22 level. Support:34.17 - 34.1 - 34.03 - Resistance:34.3 - 34.37 - 34.44 -
USD/TRY paritesi, gelişmekte olan ülke para birimlerinin ABD Doları karşısındaki performansına göre görece zayıf seyrediyor. Türk Lirası'nın ABD Doları karşısındaki zayıflığı devam etmekte olup, USD/TRY şu an 34,26 seviyesine yakın işlem görmekte. Küresel piyasalarda ABD'den gelecek ÜFE verisi ve Michigan tüketici güven endeksi dikkatle takip ediliyor. Bu verilerin ışığında, ABD'nin faiz politikasına dair beklentiler şekillenebilir ve bu da dolaylı yoldan USD/TRY paritesini etkileyebilir. Teknik açıdan, dört saatlik grafikte USD/TRY paritesi 34,26 seviyesinde işlem görüyor. Parite için 34,07 seviyesi önemli bir destek noktası olarak izlenmekte. Yukarı yönlü hareketlerde ise 34,28 ve 34,35 seviyeleri direnç olarak belirlenmiş durumda. Envelope göstergesinin üst noktası olan 34,41 seviyesinin üzerinde kalıcı hareketler, yükseliş isteğini daha da güçlendirebilir. RSI göstergesi 51,95 seviyesinde olup, nötr bir eğilim göstermekte. Önceki güne göre değişim yüzdesi ise -0,02% olarak dikkat çekiyor. Güncel fiyat 34,22 seviyesindedir. Destek:34.17 - 34.1 - 34.03 - Direnç:34.3 - 34.37 - 34.44 -
ABD tarım dışı istihdam verisi öncesinde gelişmekte olan ülke para birimleri karışık bir seyir izliyor. Türk Lirası, Fed’in faiz indirimi beklentileri ve küresel ekonomik belirsizliklerin etkisiyle baskı altında kalmaya devam ediyor. Bununla birlikte Fitch’in Türkiye’ye yönelik kredi notu değerlendirmesi de piyasalar tarafından yakından izleniyor. Türk Lirası, küresel risk iştahına bağlı olarak yön bulmaya çalışıyor. USDTRY paritesi, 4 saatlik grafikte 33.88 ve 33.8 seviyelerinde destek bulurken, 34.05 ve 34.13 seviyeleri direnç olarak izleniyor. RSI göstergesi 48 seviyesinde olup, nötr bölgede hareket ediyor. Parite, önceki güne göre %0.02 oranında artış göstererek 33.95813 seviyesinde işlem görüyor. Destek:33.88 - 33.8 - 33.71 Direnç:34.05 - 34.13 - 34.24
The GBP/USD pair is finding direction with the upcoming interest rate cut expectations and economic data flows from US and European central banks. While strong expectations for the Fed's rate cuts form the market agenda, the European Central Bank is also expected to take a similar step. It is considered that the Bank of England may conduct two 25 basis points rate cuts by the end of the year. Inflation and PPI data from the US could cause the current pressure on the pair to persist. Continued positive movements in the dollar index may increase the pressure on GBP/USD. From a technical perspective, the pair is maintaining downward pressure by staying below the 100-period moving average at the 1.3180 region on the 4- hour chart. Support levels can be tracked at 1.3030, 1.2990, and 1.2945, with 1.2990 being critically important. For upward recoveries, lasting movements are needed to validate average levels. Currently, the RSI indicator is at 36.43 and has a neutral outlook. It is observed that the pair declined by 0.10% compared to the previous day and the current price is trading at the 1.3047 level. Support:1.303 - 1.299 - 1.2945 - Resistance:1.308 - 1.3135 - 1.318 -
GBP/USD paritesi, ABD ve Avrupa merkez bankalarının yaklaşan faiz indirim beklentileri ve ekonomik veri akışlarıyla yön buluyor. Fed'in faiz indirimlerine dair güçlü beklentiler piyasa gündemini oluştururken, Avrupa Merkez Bankası'nın da benzer bir adım atacağı öngörülüyor. İngiltere Merkez Bankası'nın da yıl sonuna kadar iki toplantıda 25 baz puanlık faiz indirimleri yapabileceği değerlendiriliyor. ABD'den gelen enflasyon ve ÜFE verileri paritenin mevcut baskısının sürmesine neden olabilir. Dolar endeksindeki pozitif hareketlerin devamı, GBP/USD üzerinde baskıyı artırabilir. Teknik açıdan 4 saatlik grafikte parite, 1.3180 bölgesindeki 100 periyotluk hareketli ortalamanın altında kalarak aşağı yönlü baskıyı sürdürüyor. Destek seviyeleri olarak 1.3030, 1.2990 ve 1.2945 izlenebilirken, 1.2990 seviyesinin önemi kritik. Yukarı yönlü toparlanmalarda ise ortalama seviyelerinin geçerliliği için kalıcı hareketlere ihtiyaç var. Mevcut durumda RSI indikatörü 36.43 seviyesinde ve nötr görünümdedir. Paritenin önceki güne göre %0.10 oranında gerilediği görülüyor ve güncel fiyat 1.3047 seviyesinde işlem görüyor. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.308 - 1.3135 - 1.318 -
ABD tarım dışı istihdam verisi öncesinde ADP özel sektör istihdam verilerinin beklentinin oldukça altında kalması, Fed’in faiz indirimine daha yakın olduğunu düşündürmekte. Bu gelişmeler, ons altının güvenli liman olarak cazibesini artırıyor. Ancak, Fed’in faiz kararı netleşmeden önce piyasalardaki oynaklık sürebilir. Bugün açıklanacak istihdam verileri, altın fiyatları üzerinde belirleyici olacaktır. Ons altın, 4 saatlik grafikte 2510 ve 2500 seviyelerinde destek bulurken, 2520 ve 2525 seviyeleri direnç olarak izleniyor. RSI göstergesi 63 seviyesinde olup, yukarı yönlü hareketin sürdüğünü gösteriyor. Altın, önceki güne göre %0.19 oranında artış göstererek 2518.52 seviyesinde işlem görüyor. Destek:2510 - 2500 - 2490 Direnç:2520 - 2525 - 2530
For the EUR/USD pair, this week the markets' focal point will be the European Central Bank's (ECB) interest rate decision and President Lagarde's statements. Consumer Price Index data from the UK, retail sales in the US, and statements from Fed officials are also being closely monitored. Clues related to the expected 25 basis point rate cuts from the ECB and Fed in upcoming meetings could impact the pair. Additionally, movements in the dollar index can shape the trend of the EUR/USD pair. In this context, the dollar index's ability to stay above its 233-day moving average could support the dollar against the euro. From a technical standpoint, the EUR/USD pair is moving below the 144 and 233-period moving averages located at the 1.1040 level on the 4-hour chart. This indicates that the pair is under downward pressure. Support levels can be monitored at 1.0905, 1.0870, and 1.0830. In upward movements, these averages could form resistance. The RSI indicator is at 39, displaying a negative trend. The pair is exhibiting a flat trend compared to the previous day. The current price is trading at the 1.0923 level. Support:1.09 - 1.087 - 1.083 - Resistance:1.094 - 1.099 - 1.104 -
EUR/USD paritesi için bu hafta piyasaların odak noktası Avrupa Merkez Bankası'nın (ECB) faiz kararı ve Başkan Lagarde’ın açıklamaları olacak. İngiltere'den gelecek TÜFE verileri, ABD'deki perakende satışlar ve Fed yetkililerinden gelecek açıklamalar da dikkatle izleniyor. ECB ve Fed’in önümüzdeki toplantılarda beklenen 25 baz puanlık faiz indirimlerine ilişkin ipuçları, parite üzerinde etkili olabilir. Ayrıca, dolar endeksinin hareketleri de EUR/USD paritesinin seyrini şekillendirebilir. Bu kapsamda, dolar endeksinin 233 günlük hareketli ortalaması üzerinde kalmayı başarması, euro karşısında dolara destek verebilir. Teknik açıdan, EUR/USD paritesi 4 saatlik grafikte 1,1040 seviyesinde bulunun 144 ve 233 periyotluk hareketli ortalamaların altında hareket etmekte. Bu durum, paritenin aşağı yönlü baskı altında olduğunu gösteriyor. Aşağıda 1,0905, 1,0870 ve 1,0830 seviyeleri destek olarak izlenebilir. Yukarı yönlü hareketlerde ise bu ortalamalar direnç oluşturabilir. RSI göstergesi 39 seviyesinde, negatif bir eğilim sergiliyor. Paritede bir önceki güne göre yatay bir seyir gözlenmekte. Güncel fiyat 1,0923 seviyesinde seyrediyor. Destek:1.09 - 1.087 - 1.083 - Direnç:1.094 - 1.099 - 1.104 -
OPEC+’nın üretim artış kararını iki ay ertelemesine rağmen petrol fiyatları arz bolluğuna dair endişelerle baskı altında kalıyor. ABD ve Çin gibi büyük ekonomilerin yavaşlamaya ilişkin endişeleri, talep görünümünü zayıflatıyor. Bugün açıklanacak ABD istihdam verileri ve küresel büyüme beklentileri, petrol fiyatları üzerinde baskı yaratmaya devam edebilir. WTI ham petrol, 4 saatlik grafikte 68.5 ve 68 seviyelerinde destek bulurken, 69.5 ve 70 seviyeleri direnç olarak izleniyor. RSI göstergesi 30 seviyesinde olup, aşırı satım bölgesinde bulunduğunu gösteriyor. Petrol, önceki güne göre %0.26 oranında düşüş göstererek 69.517 seviyesinde işlem görüyor. Destek:68.5 - 68 - 67.5 Direnç:69.5 - 70 - 70.5
OPEC+’nın üretim planlarını ertelemesi, Brent petrol fiyatlarını desteklemeye yetmedi. Talep cephesindeki belirsizlikler ve küresel ekonomik büyümeye ilişkin endişeler petrol fiyatlarını aşağı çekerken, ABD’den gelecek istihdam verileri de piyasanın yönü açısından kritik olacak. Bugün piyasa, Avrupa ve ABD borsalarındaki genel görünümle birlikte petrol fiyatlarını takip ediyor. Brent petrol, 4 saatlik grafikte 72 ve 71.5 seviyelerinde destek bulurken, 73 ve 73.5 seviyeleri direnç olarak izleniyor. RSI göstergesi 33 seviyesinde olup, aşırı satım bölgesinde toparlanma sinyali veriyor. Petrol, önceki güne göre %0.03 oranında düşüş göstererek 72.505 seviyesinde işlem görüyor. Destek:72 - 71.5 - 71 Direnç:73 - 73.5 - 74
ABD’de tarım dışı istihdam verisi öncesi ADP verilerinin hayal kırıklığı yaratması, Nasdaq endeksinde satış baskısına yol açtı. Diğer yandan, ISM hizmet PMI verilerindeki toparlanma durgunluk endişelerini kısmen hafifletti. ABD tahvil faizlerinin düşüşüne rağmen Nasdaq üzerindeki baskı sürüyor. Bugün açıklanacak istihdam verileri ve Fed’in alacağı kararlar endeksin yönünü belirleyecek. NASDAQ100 endeksi, 4 saatlik grafikte 18850 ve 18750 seviyelerinde destek bulurken, 18975 ve 19155 seviyeleri direnç olarak izleniyor. RSI göstergesi 34 seviyesinde olup, hafif toparlanma sinyali veriyor. Endeks, önceki güne göre %0.08 oranında artış göstererek 18855.5 seviyesinde işlem görüyor. Destek:18850 - 18750 - 18670 Direnç:18975 - 19155 - 19300
Avrupa borsalarında ECB’nin yaklaşan toplantısı ve küresel durgunluk endişeleri öne çıkarken, DAX40 endeksi de küresel satış dalgasından etkileniyor. ABD’den gelecek istihdam verileri ve ECB’nin para politikası kararı öncesi belirsizlik devam ederken, piyasalar kısa vadeli toparlanma girişimlerini izliyor. DAX40 endeksi, 4 saatlik grafikte 18560 ve 18490 seviyelerinde destek bulurken, 18700 ve 18760 seviyeleri direnç olarak izleniyor. RSI göstergesi 41 seviyesinde olup, hafif yükseliş sinyali veriyor. Endeks, önceki güne göre %0.08 oranında düşüş göstererek 18594.2 seviyesinde işlem görüyor. Destek:18560 - 18490 - 18420 Direnç:18700 - 18760 - 18825
ABD doğal gaz vadeli işlemleri, stoklardaki artışın piyasa tahminlerinin oldukça altında kalması sonucu yükseliş gösterdi ve Ağustos ortalarından bu yana en yüksek seviyeleri test etti. Küresel enerji talebine dair belirsizlikler ve hava koşullarının getirdiği değişkenlik fiyatları desteklemeye devam ederken, Avrupa ve ABD borsalarındaki genel seyir de fiyatlamalar üzerinde etkili olacaktır. Doğal gaz vadeli işlemleri, 4 saatlik grafikte 2.09 ve 2.051 seviyelerinde destek bulurken, 2.18 ve 2.215 seviyeleri direnç olarak izleniyor. RSI göstergesi 64.32 seviyesinde olup, aşırı alım bölgesine yaklaştığını gösteriyor. Doğal gaz fiyatları, önceki güne göre değişim göstermeyerek 2.145 seviyesinde işlem görüyor. Destek:2.215 - 2.18 - 2.14 Direnç:2.29 - 2.335 - 2.38
Ahead of today's release of the U.S. non-farm payrolls data, global markets are experiencing a cautious mood. While a rate cut at the Fed's September meeting is almost certain, uncertainty remains whether the cut will be 25 or 50 basis points. The weak employment data from July in the U.S. had heightened recession fears in the markets. The EURUSD pair is focused on the Fed’s upcoming decisions, with market participants closely watching how these data might impact the euro. On the 4-hour chart, the EURUSD pair finds support at the 1.1084 and 1.104 levels, while resistance is noted at the 1.1145 and 1.12 levels. The RSI indicator is at 66.19, suggesting the pair is approaching overbought territory. The pair is trading at 1.11165, up by 0.03% from the previous day Support:1.1084 - 1.104 - 1.1009 Resistance:1.1145 - 1.12 - 1.125
In the NGCUSD pair, expectations of weakened natural gas demand following Hurricane Milton and developments in global markets are being monitored. While the performance of European and US stock exchanges is significant, staying below the 2.610 – 2.650 resistance levels could increase downward pressure. In potential declines, the 2.540 and 2.505 support levels could be targeted. In an upward recovery, surpassing the 2.610 – 2.650 resistance band will be crucial. However, unless stability is maintained in this area, new downward pressures may arise. When examining the chart in a 1-hour timeframe, it is traded at the 2.479 level. For upward movements, the 2.540 level and subsequently the 2.574 resistance levels should be monitored. If the downward trend continues, the 2.475 and 2.449 levels may provide support. The RSI indicator is at 35.75, displaying a negative outlook. There is a 0.16% decrease compared to the previous day. The current price is at the 2.468 level. Support:2.44 - 2.41 - 2.38 - Resistance:2.505 - 2.54 - 2.58 -
NGCUSD paritesinde Milton Kasırgası sonrası doğal gaz talebine yönelik zayıflama beklentileri ve küresel piyasalardaki gelişmeler izleniyor. Avrupa ve ABD borsalarındaki performans önem arz ederken, paritenin 2,610 – 2,650 direnç seviyeleri altında kalması, aşağı yönlü baskıyı artırabilir. Potansiyel düşüşlerde 2,540 ve 2,505 destek seviyeleri hedeflenebilir. Yukarı yönlü toparlanmada ise 2,610 – 2,650 direnç bandının aşılması önemli olacaktır. Ancak bu bölgede kalıcılık sağlanmadıkça yeni düşüş baskıları gündeme gelebilir. Grafik 1 saatlik zaman diliminde incelendiğinde, 2,479 seviyesinde işlem görüyor. Yukarı yönlü hareketler için 2,540 ve devamında 2,574 direnç seviyeleri izlenmeli. Düşüş eğilimi devam ederse, 2,475 ve 2,449 seviyeleri destek oluşturabilir. RSI göstergesi 35.75 seviyesinde olup, negatif bir görünüm sergiliyor. Önceki güne göre %0.16 oranında bir değer kaybı mevcut. Güncel fiyat ise 2.468 seviyesinde. Destek:2.44 - 2.41 - 2.38 - Direnç:2.505 - 2.54 - 2.58 -
Uncertainty dominates the markets ahead of the U.S. Federal Reserve's rate cut decision in September. Expectations for a 100-basis point rate cut by the end of the year are rising, while slowing economic activity in the UK is also in focus. The Bank of England's response to these developments will be crucial for the direction of the GBPUSD pair. Today’s U.S. data release could increase volatility in the pair. On the 4-hour chart, the GBPUSD pair finds support at 1.3134 and 1.3096, while resistance is seen at 1.318 and 1.323. The RSI indicator stands at 60.18, indicating the upward momentum is still in play. The pair is trading at 1.31774, down by 0.01% from the previous day Support:1.3134 - 1.3096 - 1.304 Resistance:1.318 - 1.323 - 1.328
The DAX 40 index will be in focus on global exchanges with the European Central Bank's (ECB) interest rate decision and President Lagarde's speech. Additionally, the UK's CPI, US retail sales, and statements from Fed officials will also be at the center of market attention. Expectations regarding the interest rate policies of the ECB and the Fed could be decisive in the short-term movements of stock indices. The DAX 40 index has started to exhibit an optimistic outlook by surpassing the band region and the upper limit of moving averages. The positive trend is likely to continue as long as the index remains above the 19195 - 19275 region. Technically, on the 1-hour chart, the index continues to move above the 19275 support level, and the nearest resistance levels can be watched at 19545, 19660, and 19755. The support levels are found at 19465, 19350, and 19275. The RSI indicator is at 65.06 and showing a positive outlook. Compared to yesterday's close, there was a 0.05% increase. The current price is at the 19570.8 level. Support:19660 - 19545 - 19465 - Resistance:19755 - 19850 - 19935 -
DAX 40 endeksi, küresel borsalarda Avrupa Merkez Bankası'nın (ECB) faiz kararı ve Başkan Lagarde'ın konuşmasıyla dikkat çekecek. Ayrıca İngiltere TÜFE, ABD perakende satışlar ve Fed yöneticilerinin açıklamaları da piyasaların odağında olacak. ECB ve Fed’in faiz politikalarına dair beklentiler borsa endekslerinin kısa vadeli hareketlerinde belirleyici olabilir. DAX40 endeksi, bant bölgesi ve hareketli ortalamaların üst sınırını aşarak iyimser bir görünüm sergilemeye başladı. Endeks 19195 - 19275 bölgesi üzerinde kaldığı sürece pozitif eğilimin devam etme ihtimali mevcut. Teknik olarak, 1 saatlik grafikte endeks 19275 destek seviyesinin üzerinde hareketini sürdürüyor ve en yakın direnç seviyeleri 19545, 19660 ve 19755 olarak izlenebilir. Destek seviyeleri ise 19465, 19350, ve 19275'te bulunuyor. RSI göstergesi 65.06 seviyesinde ve pozitif bir görünüm sergiliyor. Dünkü kapanış ile kıyaslandığında %0.05'lik bir artış yaşandı. Güncel fiyat 19570.8 seviyesinde. Destek:19660 - 19545 - 19465 - Direnç:19755 - 19850 - 19935 -
Emerging market currencies are showing mixed performance ahead of the U.S. non-farm payrolls data. The Turkish lira remains under pressure due to Fed rate cut expectations and global economic uncertainties. Meanwhile, Fitch’s credit rating evaluation for Turkey is being closely monitored by the markets. The lira is trying to find direction amid global risk sentiment. On the 4-hour chart, the USDTRY pair finds support at 33.88 and 33.8, while resistance is observed at 34.05 and 34.13. The RSI indicator is at 46.86, moving in neutral territory. The pair is trading at 33.95813, up by 0.02% from the previous day Support:33.88 - 33.8 - 33.71 Resistance:34.05 - 34.13 - 34.24
The NASDAQ100 index continues to remain under pressure despite positive developments in the banking sector due to Tesla's disappointing presentation and the recovery of U.S. 10-year Treasury yields. Earnings reports from banks such as JPMorgan and Wells Fargo exceeding expectations have added a positive atmosphere to the sector. However, the decline following Tesla's robotaxi presentation had a negative impact on the NASDAQ100. Statements from FOMC member Waller stand out as another important factor to be watched in index pricing. In the 1-hour NASDAQ100 chart, the index's persistence above the 20250 - 20350 support area is noteworthy. As long as it stays above this area, the upward trend seems likely to continue, and the resistance levels at 20500 to 20650 should be monitored. The RSI indicator is at 62, displaying a neutral outlook. A 0.08% increase compared to the previous day has been observed. The current price is at 20451, and if a breakout occurs below 20350, pullbacks towards the 20150 and 20000 levels may be experienced. Support:20500 - 20350 - 20250- Resistance:20650 - 20750 - 20900 -
NASDAQ100 endeksi, bankacılık sektöründeki pozitif gelişmelerin etkisine rağmen Tesla'nın hayal kırıklığı yaratan tanıtımı ve ABD 10 yıllık hazine tahvil getirilerinin toparlanması nedeniyle baskı altında kalmaya devam ediyor. JPMorgan ve Wells Fargo gibi bankaların beklenti üstü gelen bilançoları, sektöre olumlu bir hava kattı. Ancak Tesla'nın robotaksi tanıtımının sonrasında yaşanan düşüş, NASDAQ100 üzerinde olumsuz bir etki yarattı. FOMC üyesi Waller'ın açıklamaları, endeks fiyatlamaları üzerinde izlenmesi gereken bir başka önemli unsur olarak öne çıkıyor. 1 saatlik zaman dilimindeki NASDAQ100 grafiğinde, endeksin 20250 - 20350 destek bölgesi üzerinde kalıcılığı dikkat çekiyor. Bu bölge üzerinde kalındıkça yükselişin devam etmesi muhtemel görünüyor ve 20500 ile 20650 direnç seviyeleri izlenmeli. RSI göstergesi 62 seviyesinde ve nötr bir görünüm sergiliyor. Bir önceki güne göre %0.08'lik bir artış gözlemlendi. Güncel fiyat 20451 seviyesinde bulunuyor ve 20350 altında bir kırılma gerçekleşirse, 20150 ve 20000 seviyelerine doğru geri çekilmeler yaşanabilir. Destek:20500 - 20350 - 20250- Direnç:20650 - 20750 - 20900 -
With U.S. non-farm payrolls data approaching, the ADP private sector employment report came in significantly below expectations, suggesting the Fed may be closer to a rate cut. These developments have increased gold’s appeal as a safe haven. However, volatility may continue until the Fed’s decision is confirmed. Today's employment data will likely be key in determining the direction of gold prices. On the 4-hour chart, gold finds support at 2510 and 2500, while resistance is seen at 2520 and 2525. The RSI indicator stands at 61.88, indicating upward movement continues. Gold is trading at 2518.52, up by 0.19% from the previous day. Support:2510 - 2500 - 2490 Resistance:2520 - 2525 - 2530
The oil market starts the week with a complex beginning, fueled by geopolitical and economic news such as Israel's potential military moves against Iran and China's economic stimulus announcements. China's promise to support the real estate sector, without specifying the amount, caused fluctuations in Asian indices. In Europe, the ECB's interest rate decision and the possibility of a rate cut by the Fed in the US are closely watched by the markets. This situation causes oil prices to exhibit a downward trend as long as they remain below the resistance levels of $78.00-$78.50. However, the possible risks and uncertainties could exert pressure on oil prices, leading to a volatile path. In the hourly chart of the BRNUSD pair, while the support levels of 77.50 and 77.00 are monitored, upward movements might encounter resistance at levels of 78.50 and subsequently at 79.00. The RSI indicator, at level 22.61, presents a negative outlook, indicating that prices might fall further. Compared to the previous day, there is a decrease of 0.11%. The current price is trading at 74.38. As long as there are no hourly closings above 78.50, the downward expectations may gain weight. Support:74.5 - 74 - 73.5 - Resistance:75.5 - 76 - 76.5
Petrol piyasası, haftaya İsrail'in İran'a yönelik potansiyel askeri hamleleri ve Çin'in ekonomik teşvik açıklamaları gibi jeopolitik ve ekonomik haberlerle karmaşık bir başlangıç yapıyor. Çin’in, gayrimenkul sektörünü destekleme vaadi verip miktar belirtmemesi, Asya endekslerinde dalgalanmalara neden oldu. Avrupa'da ECB'nin faiz kararı ve ABD'de Fed'in faiz indirim olasılığı piyasalar tarafından izleniyor. Bu durum, petrol fiyatlarının 78,00-78,50 dolar direnç seviyeleri altında kaldıkça aşağı yönlü bir eğilim sergilemesine neden oluyor. Ancak olası risk ve belirsizliklerin petrol fiyatları üzerinde baskı yaratması, fiyatların değişken bir seyir izlemesine yol açabilir. BRNUSD paritesinin saatlik grafiğinde, 77,50 ve 77,00 destek seviyeleri izlenirken, yukarı yönlü hareketler 78,50 ve daha sonrasında 79,00 direnç seviyelerine takılabilir. RSI göstergesi 22.61 seviyesinde, negatif bir görünüm sergileyerek fiyatların daha da düşebileceğine işaret ediyor. Bir önceki gün ile kıyaslandığında %0.11 oranında bir düşüş görülüyor. Güncel fiyat ise 74.38 seviyesinde işlem görüyor. Fiyat hareketleri 78,50'un üzerinde saatlik kapanışlar yapmadıkça, aşağı yönlü beklentiler ağırlık kazanabilir. Destek:74.5 - 74 - 73.5 - Direnç:75.5 - 76 - 76.5
Despite OPEC+ delaying its production increase decision by two months, oil prices remain under pressure due to concerns over a supply glut. Slowing economies in major countries like the U.S. and China are weakening demand prospects. Today's U.S. jobs data and global growth expectations may continue to weigh on oil prices. On the 4-hour chart, WTI crude finds support at 68.5 and 68, while resistance is seen at 69.5 and 70. The RSI indicator is at 29.83, indicating oversold conditions. Oil is trading at 69.517, down by 0.26% from the previous day. Support:68.5 - 68 - 67.5 Resistance:69.5 - 70 - 70.5
WTI oil prices started the week with volatility influenced by developments in Asian markets and geopolitical risks. While China's new stimulus announcements had a limited impact on the markets, weak inflation data are increasing economic concerns. Investors are also monitoring the European Central Bank's monetary policy statements and the likelihood of interest rate cuts by the Fed. Oil prices are staying below the 74.00 - 74.50 dollar resistance levels, which may highlight downside risks in the market. It is noted that declines could target support levels at 73.50 and 73.00 dollars, while a possible break above 74.50 could create new upward potential. Technically, WTI oil prices are tracked on the 1-hour chart. The first resistance is at 74.50 dollars, followed by 75.00 and 75.50 dollar levels. Support levels are identified at 73.50, 73.00, and 72.50 dollars. The RSI indicator stands at 45.29, presenting a neutral outlook. WTI is trading at 71.13 dollars, a 0.16% decrease compared to the previous day. Current price conditions observe attempts for an upward recovery with provider support. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5 -
WTI petrol fiyatları, haftaya Asya piyasalarındaki gelişmelerin ve jeopolitik risklerin etkisiyle dalgalı bir başlangıç yaptı. Çin’in yeni teşvik açıklamaları piyasalarda sınırlı etki yaratırken, zayıf enflasyon verileri ekonomik endişeleri artırıyor. Yatırımcılar, Avrupa Merkez Bankası'nın para politikası açıklamaları ve Fed'in faiz indirim ihtimallerini de izliyor. Petrol fiyatları, 74,00 - 74,50 dolar direnç seviyelerinin altında kalırken, piyasada aşağı yönlü riskler öne çıkabilir. Düşüşlerin 73,50 ve 73,00 dolar destek seviyelerini hedefleyebileceği belirtilirken, 74,50 üzerindeki olası bir kırılım yeni yükseliş potansiyeli oluşturabilir. Teknik olarak, WTI petrol fiyatları 1 saatlik grafikte izleniyor. İlk direnç 74,50 dolarda, ardından 75,00 ve 75,50 dolar seviyeleri izlenebilir. Destek seviyeleri ise 73,50, 73,00 ve 72,50 dolar olarak beliriyor. RSI göstergesi 45.29 seviyesinde bulunuyor ve nötr bir görünüm sergiliyor. WTI, bir önceki güne göre %0,16 düşüşle 71,13 dolardan işlem görüyor. Mevcut fiyat koşulları, sağlayıcı desteğiyle yukarı yönlü toparlanma çabaları gözlemlenebilir durumda. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
The decision by OPEC+ to postpone production plans has not been enough to support Brent crude prices. Demand uncertainties and concerns over global economic growth are driving oil prices lower, with the U.S. jobs data being crucial for the market's direction. The market is closely monitoring oil prices along with the broader outlook in European and U.S. stock markets. On the 4-hour chart, Brent crude finds support at 72 and 71.5, while resistance is observed at 73 and 73.5. The RSI indicator stands at 32.13, signaling a recovery from oversold conditions. Oil is trading at 72.505, down by 0.03% from the previous day. Support:72 - 71.5 - 71 Resistance:73 - 73.5 - 74
Despite the U.S. PPI data cooling more than expected, the persistence of core data tightness supports the rise of the dollar. This situation puts pressure on gold prices, while geopolitical risks in the Middle East provide a supportive factor for gold. Statements from FOMC member Waller and expectations regarding central banks' interest rate policies could affect the direction of gold prices. The fact that gold is currently in significant resistance zones is being closely monitored by market players. Technically, spot gold is trading at the 2640.09 level on the 1-hour chart. The 2640 and 2630 levels stand out as support, while the 2660 and 2670 levels are monitored as resistance. There has been a -0.27% change compared to the previous day. Considering technical indicators, there is potential for gold prices to continue their upward movement. Support:2640 - 2630 - 2620 - Resistance:2650 - 2660 - 2670-
ABD ÜFE verisinin beklenenden daha fazla soğumasına rağmen çekirdek verideki katılığın sürmesi, dolardaki yükselişi destekliyor. Bu durum ons altın fiyatlarını baskı altına alırken, Orta Doğu’daki jeopolitik riskler altın için destekleyici bir faktör oluşturuyor. FOMC üyesi Waller’ın açıklamaları ve merkez bankalarının faiz politikalarına yönelik beklentiler, altın fiyatlarının yönü üzerinde etkili olabilir. Altının güncel durumda önemli direnç bölgelerinde bulunması, piyasa oyuncuları tarafından dikkatle izleniyor. Teknik olarak, 1 saatlik grafikte ons altın 2658,5 seviyesinde işlem görüyor. 2640 ve 2630 seviyeleri destek olarak öne çıkarken, 2660 ve 2670 seviyeleri direnç olarak izleniyor. RSI göstergesi 37.17 seviyesinde olup, olumlu bir eğilim göstermekte. Önceki güne göre -%0,27’lik bir değişim yaşanmış durumda. Teknik göstergeler değerlendirildiğinde, altın fiyatlarının yukarı yönlü hareketine devam etme potansiyeli bulunuyor. Destek:2640 - 2630 - 2620 - Direnç:2650 - 2660 - 2670-
The disappointing ADP data ahead of the U.S. non-farm payrolls report has led to selling pressure on the Nasdaq index. However, a rebound in ISM services PMI data has somewhat eased recession concerns. Despite falling U.S. bond yields, the Nasdaq remains under pressure. The upcoming employment data and the Fed’s decisions will determine the direction of the index. On the 4-hour chart, the NASDAQ100 finds support at 18850 and 18750, while resistance is noted at 18975 and 19155. The RSI indicator is at 35.07, suggesting a slight recovery. The index is trading at 18855.5, up by 0.08% from the previous day. Support:18850 - 18750 - 18670 Resistance:18975 - 19155 - 19300
The USD/TRY pair is influenced by global developments and the performance of emerging market currencies against the dollar. On a day when the Peruvian Sol showed strong performance and the Russian Ruble followed a weak trend, the Turkish Lira also stands on the negative side. Developments in China, where stimulus plans did not meet expectations, and the European Central Bank's upcoming interest rate decision could also have indirect effects on the pair. The Turkish Lira is trading at around 34.27 against the US dollar, and it may maintain its positive outlook as long as it stays above 34.10 in the short term. On the chart, support levels for the pair in the 4-hour timeframe are seen at 34.17, 34.10, and 34.03; while resistance levels are at 34.30, 34.37, and 34.44. Sustained movements above 34.44 may strengthen the upward trend. The RSI indicator is at the 59 level and presents a positive outlook. The USD/TRY pair has increased by 0.21% compared to the previous day, with the current price around 34.28. Support:34.23 - 34.16 - 34.09 - Resistance:34.3 - 34.37 - 34.44 -
USD/TRY paritesi, küresel gelişmeler ve gelişmekte olan ülkelerin para birimlerinin dolar karşısındaki performansıyla şekilleniyor. Peru Solu'nun güçlü bir performans gösterdiği, Rus Rublesi'nin ise zayıf seyir izlediği günde, Türk Lirası da negatif tarafta yer alıyor. Teşvik planlarının beklentileri karşılamadığı Çin'de yaşanan gelişmeler ve Avrupa Merkez Bankası'nın yaklaşan faiz kararı da parite üzerinde dolaylı etkilere neden olabiliyor. Türk Lirası, ABD doları karşısında 34,27 seviyelerinde işlem görmekte olup, kısa vadede 34,10 üzerinde kaldığı sürece pozitif görünümünü koruyabilir. Grafikte, 4 saatlik zaman diliminde parite için destek seviyesi 34,17, 34,10 ve 34,03 iken; direnç seviyeleri 34,30, 34,37 ve 34,44 olarak izleniyor. 34,44 üzerindeki kalıcı hareketler yükseliş eğilimini güçlendirebilir. RSI göstergesi 59 seviyesinde ve pozitif bir görünüme sahip. USD/TRY paritesi önceki güne göre %0,21 artış göstermiş olup, güncel fiyatı 34,28 civarındadır. Destek:34.23 - 34.16 - 34.09 - Direnç:34.3 - 34.37 - 34.44 -
With concerns over the upcoming ECB meeting and global recession fears dominating European stock markets, the DAX40 index is also impacted by the global sell-off. As uncertainty continues ahead of the U.S. jobs report and the ECB's monetary policy decision, markets are watching for short-term recovery attempts. On the 4-hour chart, the DAX40 finds support at 18560 and 18490, while resistance is observed at 18700 and 18760. The RSI indicator is at 41.42, signaling a slight upward trend. The index is trading at 18594.2, down by 0.08% from the previous day. Support:18560 - 18490 - 18420 Resistance:18700 - 18760 - 18825
U.S. natural gas futures rose after storage increases fell significantly short of market expectations, testing their highest levels since mid-August. Uncertainties surrounding global energy demand and weather-related fluctuations continue to support prices, while the general trend in European and U.S. stock markets will also influence pricing. On the 4-hour chart, natural gas futures find support at the 2.09 and 2.051 levels, while resistance is seen at 2.18 and 2.215 levels. The RSI indicator stands at 64.32, indicating that it is approaching overbought territory. Natural gas prices are trading flat at 2.145, showing no change from the previous day. Support:2.215 - 2.18 - 2.14 Resistance:2.29 - 2.335 - 2.38
Among the highlights of the week for the GBP/USD pair are the European Central Bank's interest rate decision and ECB President Lagarde's statements. Additionally, the CPI data from the UK, the Retail Sales data from the USA, and the announcements from Fed officials are factors that need to be considered. The anticipated interest rate cut decisions from both the ECB and the Fed could affect the course of the dollar index, providing clues on how the GBP/USD pair might move in the short term. The situation of the dollar index above the 233-day average may also pressurize the pair. From a technical analysis perspective, the GBP/USD pair is monitored on the 4-hour chart. As long as the pair trades below the 100-period moving average of 1.3180, the downward pressure may continue. This situation might bring potential declines towards the support levels of 1.3030, 1.2990, and 1.2945 into focus. In upward movements, the resistance levels of 1.3080 and 1.3135 should be watched. The RSI indicator is at the 43.80 level and presents a negative outlook, with a 0.2% change compared to the previous day. The current price stands at 1.3068. Support:1.303 - 1.299 - 1.2945 - Resistance:1.308 - 1.3135 - 1.318 -
Küresel piyasaların odaklandığı önemli gelişmeler arasında ECB faiz kararı ve İngiltere Tüketici Fiyat Endeksi dikkat çekiyor. İngiltere ekonomisine dair belirsizlikler ve ABD'den gelen perakende satışlar verileri GBP/USD paritesi üzerinde etkili olabilir. Dolar endeksinin 233 günlük ortalamanın üzerinde kalıcı olup olmaması paritedeki kısa vadeli hareketleri şekillendirebilir. İngiliz sterlini üzerinde baskı yaratan bu unsurlar, paritenin gidişatında belirleyici olmaya devam edecek gibi görünüyor. Teknik açıdan, GBP/USD paritesi 4 saatlik grafikte 1.3180 seviyesinin altında bir baskı yaşıyor. Mevcut fiyat 1.3040 seviyesinde seyrediyor. Destek seviyeleri olarak 1.3030, 1.2990 ve 1.2945 izlenirken, dirençler 1.3080, 1.3135 ve 1.3180 seviyelerinde bulunuyor. RSI göstergesi 41.76 seviyesinde olup, negatif bir görünüm sergiliyor. Önceki güne göre parite %0.04'lik hafif bir düşüş göstermiş durumda. Bu teknik veriler ışığında paritenin kısa vadede nasıl bir yön izleyeceği yatırımcılar tarafından yakından takip edilmeli. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.308 - 1.3135 - 1.318 -
ABD doğal gaz vadeli işlemleri, stok artışlarının beklentilerin altında kalmasının ardından geçtiğimiz hafta yükseliş eğilimini hızlandırdı. Ancak yeni haftanın başlamasıyla birlikte kar satışlarıyla karşılaştı. Avrupa ve ABD borsalarındaki gelişmeler doğal gaz fiyatları üzerinde etkili olmaya devam ediyor. Enerji piyasalarındaki talep endişeleri ve jeopolitik riskler de fiyatlarda dalgalanmaya neden olabilir. Ayrıca, Fed’in faiz kararları ve küresel ekonomik görünüm enerji piyasalarında belirsizlik yaratmayı sürdürüyor. Doğal gaz fiyatı, 4 saatlik grafikte 2.18 ve 2.14 seviyelerinde dirençle karşılaşırken, 2.1 seviyesi destek olarak izleniyor. RSI göstergesi 51.5 seviyesinde olup, piyasanın nötr bir görünümde olduğunu gösteriyor. Fiyat, önceki güne göre %0.10 oranında artış göstererek 2.097 seviyesinde işlem görüyor. Destek:2.1 - 2.06 - 2.02 Direnç:2.18 - 2.215 - 2.25
U.S. natural gas futures accelerated their upward trend last week after storage increases came in below expectations. However, with the start of the new week, they faced profit-taking. Developments in European and U.S. stock markets continue to affect natural gas prices. Concerns over energy market demand and geopolitical risks may also cause price fluctuations. Additionally, the Fed's interest rate decisions and the global economic outlook continue to create uncertainty in energy markets. On the 4-hour chart, natural gas prices are encountering resistance at the 2.18 and 2.14 levels, while the 2.1 level is being watched as support. The RSI indicator is at 51.5, indicating a neutral market outlook. The price is trading at 2.097, up by 0.10% compared to the previous day. Support:2.1- 2.06 - 2.02 Resistance:2.18 - 2.215 - 2.25
The EUR/USD pair is finding direction with interest rate decisions from the US and European Central Banks (Fed and ECB). Statements from Fed members indicate that the labor market in the US is healthy, and the pace of interest rate cuts should be considered carefully, while inflation is still above target. The ECB is also expected to make similar interest rate cuts in the remaining meetings of the year. During this process, it is assessed that if the Dollar Index becomes stable above its 233-day average, there may be more opportunities for recovery in the EUR/USD pair. From a technical analysis perspective, when examining the EUR/USD pair on a 4-hour chart, it is observed that the pair continues to move below the 1.0940 resistance. Support areas are found at 1.0870, 1.0830, and 1.0780 levels. The RSI indicator is at 32, showing a negative outlook close to the oversold zone. The current price of the pair, which has recorded a 0.02% decline in the last 24 hours, is observed at 1.0899. If a recovery is seen, resistance levels of 1.0990 and 1.1040 above 1.0940 can be monitored. Support:1.087 - 1.083 - 1.078 - Resistance:1.094 - 1.099 - 1.104 -
EUR/USD paritesi, ABD ve Avrupa Merkez Bankalarının (Fed ve ECB) faiz kararları ile yön buluyor. Fed üyelerinden gelen açıklamalar, ABD’de istihdam piyasasının sağlıklı olduğunu ve faiz indirim hızının dikkatle ele alınması gerektiğini belirtirken, enflasyonun halen hedefin üzerinde olduğuna işaret ediliyor. ECB’nin de yılın kalan toplantılarında benzer faiz indirimleri gerçekleştirmesi bekleniyor. Bu süreçte, EUR/USD paritesi klasik Dolar Endeksi'nin hareketlerinden etkilenerek, endeksin 233 günlük ortalama üzerinde kalıcı hale gelmesi durumunda paritede toparlanma fırsatlarının artabileceği değerlendiriliyor. Teknik analiz açısından EUR/USD paritesi 4 saatlik grafik üzerinde değerlendirildiğinde, paritenin 1.0940 direncinin altında hareket etmeye devam ettiği görülüyor. Destek bölgeleri 1.0870, 1.0830 ve 1.0780 seviyelerinde bulunuyor. RSI göstergesi 32 seviyesinde olup aşırı satım bölgesine yakın bir negatif görünüm sergiliyor. Son 24 saatte %0.02 düşüş kaydeden paritenin güncel fiyatı 1.0899 olarak gözlemlenmekte. Toparlanma görülürse 1.0940 üzerinde 1.0990 ve 1.1040 direnç seviyeleri takip edilebilir. Destek:1.087 - 1.083 - 1.078 - Direnç:1.094 - 1.099 - 1.104 -
Küresel ekonomik yavaşlama endişeleri ve Avrupa’daki belirsizlikler DAX40 endeksi üzerinde baskı yaratmaya devam ediyor. Özellikle Avrupa Merkez Bankası’nın (ECB) faiz kararları ve Almanya’daki zayıf ekonomik büyüme beklentileri endeksin hareketlerini şekillendiriyor. ECB’nin bu hafta gerçekleştireceği toplantıda faiz kararını açıklaması beklenirken, bu kararın Avrupa ekonomisinin geleceği üzerindeki etkileri piyasalar tarafından dikkatle izleniyor. Ayrıca, Çin'den gelen zayıf ekonomik veriler de küresel borsalarda düşüşlere neden oldu. DAX40 endeksi, 4 saatlik grafikte 18260 ve 18170 seviyelerinde destek bulurken, 18420 ve 18490 seviyeleri direnç olarak izleniyor. RSI göstergesi 35 seviyesinde olup, aşırı satış bölgesine yaklaştığını gösteriyor. Endeks, önceki güne göre %0.11 oranında artış göstererek 18351.9 seviyesinde işlem görüyor. Destek:18260 - 18170 - 18080 Direnç:18420 - 18490 - 18560
Global economic slowdown concerns and uncertainties in Europe continue to put pressure on the DAX40 index. In particular, the European Central Bank's (ECB) interest rate decisions and weak economic growth expectations in Germany are shaping the index's movements. The ECB is expected to announce its interest rate decision at this week’s meeting, and the impact of this decision on the future of the European economy is being closely watched by markets. Additionally, weak economic data from China have also led to declines in global stock markets. On the 4-hour chart, the DAX40 index finds support at 18260 and 18170 levels, while resistance is seen at 18420 and 18490 levels. The RSI indicator is at 35, indicating that the index is approaching oversold territory. The index is trading at 18351.9, up by 0.11% from the previous day. Support:18260 - 18170 - 18080 Resistance:18420 - 18490 - 18560
The EUR/USD pair is finding direction with interest rate decisions from the US and European Central Banks (Fed and ECB). Statements from Fed members indicate that the labor market in the US is healthy, and the pace of interest rate cuts should be considered carefully, while inflation is still above target. The ECB is also expected to make similar interest rate cuts in the remaining meetings of the year. During this process, it is assessed that if the Dollar Index becomes stable above its 233-day average, there may be more opportunities for recovery in the EUR/USD pair. From a technical analysis perspective, when examining the EUR/USD pair on a 4-hour chart, it is observed that the pair continues to move below the 1.0940 resistance. Support areas are found at 1.0870, 1.0830, and 1.0780 levels. The RSI indicator is at 32, showing a negative outlook close to the oversold zone. The current price of the pair, which has recorded a 0.02% decline in the last 24 hours, is observed at 1.0899. If a recovery is seen, resistance levels of 1.0990 and 1.1040 above 1.0940 can be monitored. Support:1.087 - 1.083 - 1.078 - Resistance:1.094 - 1.099 - 1.104 -
EUR/USD paritesi, ABD ve Avrupa Merkez Bankalarının (Fed ve ECB) faiz kararları ile yön buluyor. Fed üyelerinden gelen açıklamalar, ABD’de istihdam piyasasının sağlıklı olduğunu ve faiz indirim hızının dikkatle ele alınması gerektiğini belirtirken, enflasyonun halen hedefin üzerinde olduğuna işaret ediliyor. ECB’nin de yılın kalan toplantılarında benzer faiz indirimleri gerçekleştirmesi bekleniyor. Bu süreçte, EUR/USD paritesi klasik Dolar Endeksi'nin hareketlerinden etkilenerek, endeksin 233 günlük ortalama üzerinde kalıcı hale gelmesi durumunda paritede toparlanma fırsatlarının artabileceği değerlendiriliyor. Teknik analiz açısından EUR/USD paritesi 4 saatlik grafik üzerinde değerlendirildiğinde, paritenin 1.0940 direncinin altında hareket etmeye devam ettiği görülüyor. Destek bölgeleri 1.0870, 1.0830 ve 1.0780 seviyelerinde bulunuyor. RSI göstergesi 32 seviyesinde olup aşırı satım bölgesine yakın bir negatif görünüm sergiliyor. Son 24 saatte %0.02 düşüş kaydeden paritenin güncel fiyatı 1.0899 olarak gözlemlenmekte. Toparlanma görülürse 1.0940 üzerinde 1.0990 ve 1.1040 direnç seviyeleri takip edilebilir. Destek:1.087 - 1.083 - 1.078 - Direnç:1.094 - 1.099 - 1.104 -
ABD’de beklentinin altında kalan tarım dışı istihdam verileri ve istihdam piyasasındaki soğuma emareleri, NASDAQ100 endeksi üzerinde baskı yaratmaya devam ediyor. Piyasalarda Fed’in faiz indirimine gitme ihtimali yatırımcılar tarafından yakından izlenirken, ABD enflasyon verilerinin bu beklentiyi ne yönde etkileyeceği merakla bekleniyor. Ayrıca, küresel ekonomik yavaşlama endişeleri teknoloji sektörü hisseleri üzerinde baskı yaratıyor. Özellikle Asya'da başlayan satış dalgası ABD borsalarını da etkileyebilir. NASDAQ100 endeksi, 4 saatlik grafikte 18525 ve 18440 seviyelerinde destek bulurken, 18670 ve 18750 seviyeleri direnç olarak izleniyor. RSI göstergesi 32 seviyesinde olup, endeksin aşırı satış bölgesine yaklaştığını gösteriyor. Endeks, önceki güne göre %0.23 oranında artış göstererek 18525.2 seviyesinde işlem görüyor. Destek:18525 - 18440 - 18240 Direnç:18670 - 18750 - 18850
The lower-than-expected U.S. non-farm payroll data and signs of cooling in the labor market continue to pressure the NASDAQ100 index. Investors are closely watching the possibility of a Fed rate cut, and the upcoming U.S. inflation data is eagerly awaited to see how it will affect these expectations. Additionally, global economic slowdown concerns are putting pressure on tech stocks. The sell-off that started in Asia could also affect U.S. markets. On the 4-hour chart, the NASDAQ100 index finds support at 18525 and 18440 levels, while resistance is seen at 18670 and 18750 levels. The RSI indicator is at 33, indicating that the index is approaching oversold territory. The index is trading at 18525.2, up by 0.23% from the previous day. Support:18525 - 18440 - 18240 Resistance:18670 - 18750 - 18850
Brent petrol fiyatları, OPEC+'nın üretim artışlarını ertelemesi ve küresel ekonomik yavaşlama endişeleri nedeniyle baskı altında kalmaya devam ediyor. Özellikle Çin’den gelen zayıf ekonomik veriler, küresel petrol talebinin azalabileceği korkularını artırıyor. ABD stok verileri ve OPEC'in üretim kararları, Brent petrolün kısa vadeli yönünü belirleyecek önemli faktörler olarak öne çıkıyor. Ayrıca, ABD enflasyon verileri, Fed’in faiz kararları ve petrol talep görünümüne etki edebilir. Brent petrol, 4 saatlik grafikte 71.5 ve 71 seviyelerinde destek bulurken, 72.5 ve 73 seviyeleri direnç olarak izleniyor. RSI göstergesi 36 seviyesinde olup, piyasanın hafif bir satış eğiliminde olduğunu gösteriyor. Brent petrol, önceki güne göre %0.03 oranında düşüş göstererek 71.70 seviyesinde işlem görüyor. Destek:71.5 - 71 - 70.5 Direnç:72.5 - 73 - 73.5
The decision by OPEC+ to postpone production plans has not been enough to support Brent crude prices. Demand uncertainties and concerns over global economic growth are driving oil prices lower, with the U.S. jobs data being crucial for the market's direction. The market is closely monitoring oil prices along with the broader outlook in European and U.S. stock markets. On the 4-hour chart, Brent crude finds support at 72 and 71.5, while resistance is observed at 73 and 73.5. The RSI indicator stands at 36, signaling a recovery from oversold conditions. Oil is trading at 72.505, down by 0.03% from the previous day. Support:71.5 - 71 - 70.5 Resistance:72.5 - 73 - 73.5
Ham petrol fiyatları, küresel ekonomideki yavaşlama endişeleri ve OPEC+'nın üretim artırma kararlarını ertelemesiyle baskı altında kalmaya devam ediyor. ABD’deki artan petrol stokları ve küresel talep görünümü de petrol fiyatlarının toparlanmasını zorlaştırıyor. Bununla birlikte, Çin’den gelen zayıf büyüme verileri, küresel petrol talebine yönelik endişeleri artırırken, ABD enflasyon verileri ve stok raporları petrol piyasası için yakından izleniyor. Ham petrol, 4 saatlik grafikte 68 ve 67.5 seviyelerinde destek bulurken, 69 ve 69.5 seviyeleri direnç olarak izleniyor. RSI göstergesi 35 seviyesinde olup, piyasanın hafif bir satış eğiliminde olduğunu gösteriyor. Petrol, önceki güne göre %0.03 oranında artış göstererek 68.81 seviyesinde işlem görüyor. Destek:68 - 67.5 - 67 Direnç:69 - 69.5 - 70
Crude oil prices remain under pressure due to concerns about a global economic slowdown and OPEC+'s decision to delay production increases. Rising oil inventories in the U.S. and global demand outlook are also making it difficult for oil prices to recover. Moreover, weak growth data from China are raising concerns about global oil demand, while U.S. inflation data and inventory reports are closely watched for the oil market. On the 4-hour chart, WTI crude finds support at 68 and 67.5 levels, while resistance is seen at 69 and 69.5 levels. The RSI indicator is at 35, indicating a slight selling trend in the market. Oil is trading at 68.81, up by 0.03% from the previous day. Support:68 - 67.5 - 67 Resistance:69 - 69.5 - 70
TABD'den gelen zayıf istihdam verileri, güvenli liman olarak görülen ons altına olan talebi artırıyor. Piyasalar, ABD’den gelecek enflasyon verilerine ve Fed’in faiz kararlarına odaklanmış durumda. Özellikle ABD işsizlik oranının beklenenden yüksek açıklanması, yatırımcıları güvenli varlık olarak altına yönlendiriyor. Ayrıca, Çin ve Avrupa ekonomilerindeki yavaşlama sinyalleri küresel risk iştahını azaltarak altına olan talebi güçlendiriyor. Fed’in faiz indirimi beklentileri ve ABD dolarındaki zayıflama da altının yükselmesine katkıda bulunuyor. Ons altın, 4 saatlik grafikte 2490 ve 2482 seviyelerinde destek bulurken, 2510 ve 2520 seviyeleri direnç olarak izleniyor. RSI göstergesi 44 seviyesinde olup, piyasanın nötr bir eğilimde olduğunu gösteriyor. Altın, önceki güne göre %0.05 oranında artış göstererek 2498.92 seviyesinde işlem görüyor. Destek:2490 - 2482 - 2470 Direnç:2510 - 2520 - 2530
Weak employment data from the U.S. is increasing demand for gold as a safe haven. Markets are focused on U.S. inflation data and the Fed’s rate decisions. In particular, the higher-than-expected U.S. unemployment rate is driving investors toward gold as a safe asset. Additionally, signs of slowing in the Chinese and European economies are reducing global risk appetite, strengthening demand for gold. Expectations of a Fed rate cut and a weakening U.S. dollar are also contributing to the rise in gold prices. On the 4-hour chart, gold finds support at 2490 and 2482 levels, while resistance is seen at 2510 and 2520 levels. The RSI indicator is at 44, indicating a neutral market trend. Gold is trading at 2498.92, up by 0.05% from the previous day Support:2490 - 2482 - 2470 Resistance:2510 - 2520 - 2530
Türk Lirası, ABD Doları karşısında zayıf performans göstermeye devam ediyor. Küresel piyasalar, ABD’den gelen zayıf istihdam verileri ve Çin ekonomisindeki zayıflama işaretlerine odaklanmış durumda. Fitch’in Türkiye'nin kredi notunu “BB-” seviyesine yükseltmesi kısa vadeli olumlu bir etki yaratsa da, dolar karşısında Türk Lirası zayıf bir seyir izliyor. ABD’de açıklanacak enflasyon verileri ve Fed’in faiz indirimi beklentileri de piyasalarda oynaklığa neden olabilir. Ayrıca, Türkiye’nin yüksek enflasyon oranı ve yavaşlayan büyüme beklentileri de USD/TRY üzerindeki baskıyı artırabilir. USDTRY paritesi, 4 saatlik grafikte 33.97 ve 33.88 seviyelerinde destek bulurken, 34.05 ve 34.15 seviyeleri direnç olarak izleniyor. RSI göstergesi 46 seviyesinde olup, paritenin dengeli bir görünüm sergilediğini gösteriyor. Parite, önceki güne göre %0.00 oranında değişim göstermeyerek 33.99 seviyesinde işlem görüyor. Destek:33.97 - 33.88 - 33.88 Direnç:34.05 - 34.15 - 34.24
The Turkish lira continues to show weak performance against the U.S. dollar. Global markets are focused on weak U.S. employment data and signs of economic slowdown in China. Although Fitch’s upgrade of Turkey's credit rating to "BB-" had a short-term positive effect, the Turkish lira remains weak against the dollar. The upcoming U.S. inflation data and expectations of a Fed rate cut may also cause volatility in the markets. Additionally, Turkey’s high inflation and slowing growth expectations are adding pressure on the USD/TRY pair. On the 4-hour chart, the USDTRY pair finds support at 33.97 and 33.88 levels, while resistance is observed at 34.05 and 34.15 levels. The RSI indicator is at 46, indicating a balanced outlook for the pair. The pair is trading at 33.99, showing no change from the previous day. Support:33.97 - 33.88 - 33.88 Resistance:34.05 - 34.15 - 34.24
U.S. natural gas futures started the week with a decline due to expectations of weak demand following Hurricane Milton. The course of European and U.S. markets can also influence pricing. As long as prices remain below the resistance level of 2.610 - 2.650, a downward trend may dominate the market. In case of downward movements, the levels of 2.540 and 2.505 may be targeted, while in possible recoveries, breaching the 2.610 - 2.650 resistance zone might be necessary. To continue upward movements, it is expected to test above 2.650 and see it in hourly closes. The chart is in a 1-hour time frame, with levels of 2.54, 2.505, and 2.475 identified as support. Resistance levels appear to be 2.61, 2.65, and 2.675. The RSI indicator is at 33.41, indicating a negative trend. It has been observed to have increased by 0.12% compared to the previous day. The current price is 2.389. Support:2.44 - 2.41 - 2.38 - Resistance:2.505 - 2.54 - 2.58 -
ABD doğal gaz vadeli işlemleri, Milton Kasırgası sonrası talep zayıflığı beklentileriyle haftaya düşüşle başladı. Avrupa ve ABD borsalarının seyri de fiyatlamalar üzerinde etkili olabilir. Fiyatlamalar, 2,610 – 2,650 direnci ve altında kaldığı sürece piyasada aşağı yönlü bir görünüm baskın olabilir. Düşüş hareketlerinde 2,540 ve 2,505 seviyeleri hedeflenebilirken, olası toparlanmalarda 2,610 – 2,650 direnç bölgesinin aşılması gerekebilir. Yükselişlerin devamı için 2,650’nin üzerinin test edilmesi ve saatlik kapanışlarda görülmesi beklenebilir. Grafik 1 saatlik zaman diliminde olup, 2.54, 2.505 ve 2.475 seviyelerinin destek olarak izlenebileceği belirlenmiştir. Direnç seviyeleri ise 2.61, 2.65 ve 2.675 olarak gözükmektedir. RSI göstergesi 22 seviyesinde bulunup, negatif bir eğilime işaret etmektedir. Önceki güne göre %0.12 artış göstermiştir. Güncel fiyat 2.389'dir. Destek:2.44 - 2.41 - 2.38 - Direnç:2.505 - 2.54 - 2.58 -
ABD'deki tarım dışı istihdam verilerinin beklentilerin altında kalması, sterlin üzerinde etkili olmaya devam ediyor. Piyasalar, ABD ve İngiltere'den gelecek ekonomik verileri dikkatle takip ediyor. Özellikle İngiltere’den açıklanacak büyüme verileri ve ABD’den gelecek enflasyon verileri parite üzerinde belirleyici olacak. İngiltere Merkez Bankası’nın gelecekteki faiz politikaları hakkında alacağı kararlar da sterlinin yönünü etkileyebilir. Ayrıca, Fed’in 25 baz puanlık faiz indirimi ihtimali doları baskı altına alırken, küresel resesyon endişeleri sterlinin dalgalanmasına neden oluyor. GBPUSD paritesi, 4 saatlik grafikte 1.3103 ve 1.308 seviyelerinde destek bulurken, 1.3137 ve 1.318 seviyeleri direnç olarak izleniyor. RSI göstergesi 42 seviyesinde olup, piyasanın hafif bir satış eğiliminde olduğunu gösteriyor. Parite, önceki güne göre %0.00 oranında değişim göstermeyerek 1.3129 seviyesinde işlem görüyor. Destek:1.3103 - 1.308 - 1.304 Direnç:1.3137 - 1.318 - 1.322
The lower-than-expected non-farm payroll data from the U.S. continues to affect the pound. Markets are closely monitoring economic data from both the U.S. and the UK. In particular, growth data from the UK and inflation data from the U.S. will be key factors in the pair's movements. The Bank of England’s decisions on future interest rate policies will also influence the direction of the pound. Additionally, the possibility of a 25-basis point rate cut by the Fed puts pressure on the dollar, while global recession concerns cause volatility in the pound. On the 4-hour chart, the GBPUSD pair finds support at 1.3103 and 1.308 levels, while resistance is seen at 1.3137 and 1.318 levels. The RSI indicator is at 42, indicating a slight selling trend in the market. The pair is trading at 1.3129, showing no change from the previous day. Support:1.3103 - 1.308 - 1.304 Resistance:1.3137 - 1.318 - 1.322
The DAX 40 index continues to remain in the spotlight with the European Central Bank's interest rate decision and the upcoming speech by President Lagarde. At the same time, critical data from the UK and the US are among the important developments to be watched by investors. Announcements regarding the expected rate cuts from the ECB and Fed could create new valuations in global markets. The index is moving upward, surpassing the important resistance levels of the 19195 – 19275 range. This situation increases positive expectations related to the index. From a technical perspective, the DAX 40 index is moving above the 19545 resistance level on the 1-hour chart. In downward movements, the 19465, 19350, and 19275 levels can be monitored as support. The RSI indicator is at the 70 level, situated in the overbought zone and displaying a positive outlook. The DAX 40 is trading at 19570, with a slight change of 0.02% compared to the previous day. Support:20250 - 20150 - 20000 - Resistance:20500 - 20650 -20750 -
DAX 40 endeksi, Avrupa Merkez Bankası'nın faiz kararı ve Başkan Lagarde’ın yapacağı konuşma ile ön planda kalmaya devam ediyor. Aynı zamanda İngiltere ve ABD'den gelecek kritik veriler de yatırımcılar tarafından izlenecek önemli gelişmeler arasında. ECB ve Fed kanadında beklenen faiz indirimlerine yönelik açıklamalar, küresel piyasalarda yeni fiyatlamalar yaratabilir. Endeks, önemli direnç seviyeleri olan 19195 – 19275 bölgesini aşarak yukarı yönlü bir seyir izliyor. Bu durum endeksle ilgili pozitif beklentileri artırıyor. Teknik açıdan, 1 saatlik grafikte DAX 40 endeksi, 19545 direnç seviyesinin üzerinde hareket ediyor. Aşağı yönlü hareketlerde 19465, 19350 ve 19275 seviyeleri destek olarak izlenebilir. RSI göstergesi 70 seviyesinde, aşırı alım bölgesinde bulunuyor ve pozitif bir görünüm sergiliyor. DAX 40 önceki güne göre %0,02'lik ufak bir değişimle 19570 seviyesinde seyrediyor. Destek:20250 - 20150 - 20000 - Direnç:20500 - 20650 -20750 -
ABD’de beklentinin altında kalan tarım dışı istihdam verileri ve işsizlik oranlarındaki hafif artış, dolar üzerindeki baskıyı artırmaya devam ediyor. Küresel piyasalarda doların değer kaybı, Euro’nun güçlenmesine yol açabilir. Bununla birlikte, Avrupa Merkez Bankası’nın (ECB) faiz kararları da parite üzerinde büyük etki yaratıyor. ECB’nin faiz artışlarına devam edeceği beklentisi euroyu desteklerken, piyasa dikkatini bu hafta açıklanacak ABD enflasyon verilerine çevirmiş durumda. Bu veri, Fed’in gelecekteki faiz indirimleri konusundaki politikasını şekillendirebilir. Ayrıca, Avrupa'dan gelen zayıf ekonomik veriler Euro üzerindeki baskıyı artırabilir. EURUSD paritesi, 4 saatlik grafikte 1.104 ve 1.1013 seviyelerinde destek bulurken, 1.11 ve 1.1145 seviyeleri direnç olarak izleniyor. RSI göstergesi 44 seviyesinde olup, piyasanın nötr bir eğilimde olduğunu gösteriyor. Parite, önceki güne göre %0.04 oranında düşüş göstererek 1.1087 seviyesinde işlem görüyor. Destek:1.104 - 1.1013 - 1.099 Direnç:1.11 - 1.1145 - 1.12
U.S. non-farm payroll data falling below expectations and a slight increase in unemployment rates continue to put pressure on the dollar. The depreciation of the dollar in global markets could lead to the strengthening of the euro. Additionally, the European Central Bank's (ECB) interest rate decisions also have a significant impact on the pair. The expectation that the ECB will continue with rate hikes supports the euro, while the market's attention is focused on U.S. inflation data to be released this week. This data could shape the Fed's future rate cut policies. Moreover, weak economic data from Europe could put pressure on the euro. On the 4-hour chart, the EURUSD pair finds support at 1.104 and 1.1013 levels, while resistance is seen at 1.11 and 1.1145 levels. The RSI indicator is at 44, indicating a neutral market trend. The pair is trading at 1.1087, down by 0.04% from the previous day. Support:1.104 - 1.1013 - 1.099 Resistance:1.11 - 1.1145 - 1.12
The NASDAQ 100 index is under pressure despite the movements led by technology stocks in the U.S. and the favorable earnings results of financial giants like JPMorgan and Wells Fargo, due to disappointment in Tesla's robotaxi presentation and the recovery of U.S. 10-year treasury bond yields. One of the important developments that will influence the direction of the index in the short term is the speech to be delivered by FOMC member Waller. Additionally, movements above the strategic area supported by the 21-period exponential moving average at the 20356 level may indicate the continuation of the upward trend. As long as the NASDAQ 100 index maintains stability above 20350 on the 1- hour chart, upward movements targeting resistance levels at 20500 and 20650 can be expected. The RSI indicator, notable on the chart, is at a neutral 52.45 level. The index is observed trading at 20217, with a slight decrease of 0.06% compared to the previous day. Alternatively, shortcomings below the 20250 level could lead to pullbacks to the 20150 and 20000 support levels. Support:20250 - 20150 - 20000 - Resistance:20500 - 20650 -20750 -
NASDAQ 100 endeksi, ABD’deki teknoloji hisselerinin liderliğindeki hareketler ve JPMorgan ile Wells Fargo gibi finans devlerinin olumlu bilanço sonuçlarına rağmen, Tesla’nın robotaksi tanıtımındaki hayal kırıklığı ve ABD 10 yıllık hazine tahvil getirilerindeki toparlanma ile baskı altında kalmış durumda. Endeksin yönü üzerinde kısa vadede etkili olacak önemli gelişmeler arasında FOMC üyesi Waller'ın yapacağı konuşma yer alıyor. Ayrıca, 20356 seviyesindeki 21 periyotluk üstel hareketli ortalamanın desteklediği stratejik bölge üzerindeki hareketler yükseliş eğiliminin devamına işaret edebilir. NASDAQ 100 endeksi 1 saatlik grafikte 20350 üzerinde kalıcılık sağladıkça, yukarı yönlü hareketlerin 20500 ve 20650 direnç seviyeleri hedeflenebilir. Grafikte dikkat çeken RSI göstergesi 52.45 seviyesinde ve piyasada nötr bir görünüm sergiliyor. Endeksin önceki güne göre %0.06’lık hafif bir düşüşle 20217 seviyesinde işlem gördüğü görülüyor. Alternatif olarak, 20250 seviyesinin altında kalınması durumunda, 20150 ve 20000 destek seviyelerine geri çekilmeler gözlemlenebilir. Destek:20250 - 20150 - 20000 - Direnç:20500 - 20650 -20750 -
U.S. natural gas futures are showing a downward trend due to the expected hurricane in the Gulf of Mexico. The hurricane could disrupt shipments in the region and reduce demand due to potential power outages. This situation has raised concerns about an oversupply. Throughout the day, movements in European and U.S. stock markets, as well as inventory reports, may impact natural gas prices. Natural gas prices are trading at 2.044 on the 4-hour chart. On the downside, support levels at 2.1, 2.06, and 2.02 are being closely watched, while on the upside, resistance is noted at 2.18 and 2.215. The RSI indicator is at 35, indicating that prices are under downward pressure. Support:2.1 - 2.06 - 2.02 Resistance:2.18 - 2.215 - 2.25
ABD doğal gaz vadeli işlemleri, Meksika Körfezi'nde beklenen kasırga nedeniyle gerileme eğilimi gösteriyor. Kasırga, bölgedeki sevkiyatları aksatabileceği gibi, olası elektrik kesintileri ile birlikte talebi de düşürebilir. Bu durum arz fazlası endişelerini artırmış durumda. Gün içinde Avrupa ve ABD borsalarındaki hareketler ve stok raporları doğal gaz fiyatları üzerinde etkili olabilir. Doğal gaz fiyatları, 4 saatlik grafikte 2.044 seviyesinde işlem görüyor. Aşağıda 2.1, 2.06 ve 2.02 destek seviyeleri dikkatle izlenirken, yukarıda 2.18 ve 2.215 direnç seviyeleri takip ediliyor. RSI göstergesi 35 seviyesinde olup, fiyatların aşağı yönlü baskı altında olduğunu gösteriyor. Destek:2.1 - 2.06 - 2.02 Direnç:2.18 - 2.215 - 2.25
Oil prices started the week with a decline, focusing on tensions between Israel and Iran, expectations of stimulus from China, and the performance of European and US stock markets. Rumors of a potential Israeli military intervention in Iran are causing volatility in prices, while China's property sector support announcements and lack of consumption incentives create uncertainty. The ZEW Economic Sentiment index in Germany is on a downward trend, while UK unemployment data and wage increases point to inflation risks. Technically, when the BRNUSD pair is examined on the hourly chart, it continues to be stuck at the 78.50 resistance level. In downward movements, the 77.50 and 77.00 levels are monitored as support, respectively. The RSI indicator is at 38.25, showing a negative outlook, and prices have decreased by 0.18% compared to the previous day. The current price is at the 77.51 level. For an upward trend, hourly closes above 78.50 should be monitored. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Petrol fiyatları, haftaya düşüşle başlayarak İsrail ve İran arasındaki gerginlik, Çin'in teşvik beklentileri ve Avrupa ile ABD borsalarının seyrine odaklanıyor. İsrail'in İran'a potansiyel askeri müdahale söylentileri fiyatlarda oynaklığa neden olurken, Çin'in emlak sektörü destek açıklamaları ve tüketim teşvik eksikliği belirsizlik yaratıyor. Almanya'da ZEW Ekonomik Hissiyat endeksi düşüş eğilimindeyken, İngiltere işsizlik verileri ve ücret artışları enflasyon risklerine işaret ediyor. Teknik açıdan, BRNUSD paritesi saatlik grafikte incelendiğinde 78.50 direnç seviyesine takılmaya devam ediyor. Aşağı yönlü hareketlerde sırasıyla 77.50 ve 77.00 seviyeleri destek olarak izleniyor. RSI göstergesi 43.91 seviyesinde olup negatif bir görünüm sergiliyor ve fiyatlar önceki güne göre % 0.18 azalmış durumda. Güncel fiyat 74.23 seviyesinde. Yükseliş trendi için 78.50 üzerindeki saatlik kapanışlar takip edilmelidir. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76 -
European indices continue to trade cautiously ahead of the ECB interest rate decision and statements from President Lagarde this week. Weak economic data from Germany, combined with global growth concerns, are putting pressure on the DAX40 index. Additionally, U.S. inflation data will provide clues on whether the global markets are facing a recession or a moderate slowdown. These developments will be critical in determining the short-term direction of the DAX40. The DAX40 index is trading at 18446.9 on the 4-hour chart. Support is noted at 18350 and 18260, while resistance is observed at 18490 and 18560. The RSI indicator is at 49, indicating a neutral market outlook. Support:18350 - 18260 - 18170 Resistance:18490 - 18560 - 18620
Avrupa endeksleri, bu hafta açıklanacak olan ECB faiz kararı ve Başkan Lagarde’ın yapacağı açıklamalar öncesinde temkinli bir şekilde işlem görmeye devam ediyor. Almanya’nın ekonomik verilerindeki zayıflık, küresel büyüme endişeleriyle birleştiğinde DAX40 endeksi üzerinde baskı yaratıyor. Ayrıca ABD enflasyon verileri, küresel piyasalarda resesyon mu yoksa ılımlı bir yavaşlama eğiliminde mi olduğuna dair ipuçları sunacak. Bu gelişmeler, kısa vadede DAX40’ın seyrini belirlemede kritik öneme sahip. DAX40 endeksi, 4 saatlik grafikte 18446.9 seviyesinde işlem görüyor. Aşağıda 18350 ve 18260 destek seviyeleri izlenirken, yukarıda 18490 ve 18560 direnç seviyeleri takip ediliyor. RSI göstergesi 49 seviyesinde olup, piyasanın nötr bir görünüm sergilediğini gösteriyor. Destek:18350 - 18260 - 18170 Direnç:18490 - 18560 - 18620
U.S. indices are exhibiting a cautious outlook ahead of the inflation data to be released this week. Last week's lower-than-expected employment figures indicated a continued cooling in the U.S. economy. This has caused a volatile effect on the technology-heavy NASDAQ100 index. Major tech companies such as Nvidia, AMD, and Broadcom are showing signs of recovery, while the inflation data will be one of the key developments determining the market's overall outlook. Markets have calmed with expectations of a Fed rate cut, but volatility risks remain on the table. The NASDAQ100 index is trading at 18621.5 on the 4-hour chart. Support is noted at 18525 and 18440, while resistance is observed at 18670 and 18750. The RSI indicator is at 49 indicating a slight recovery attempt by the index. Support:18525 - 18440 - 18240 Resistance:18670 - 18750 - 18850
ABD endeksleri, özellikle enflasyon verisinin açıklanacağı bu hafta öncesinde temkinli bir görünüm sergiliyor. Geçen hafta açıklanan istihdam verilerinin beklentinin altında kalması, ABD ekonomisindeki soğumanın devam ettiğine işaret etmişti. Bu durum, teknoloji ağırlıklı NASDAQ100 endeksi üzerinde dalgalı bir etki yaratıyor. Nvidia, AMD ve Broadcom gibi büyük teknoloji şirketleri yukarı yönlü bir toparlanma çabası gösterirken, enflasyon verisi, piyasanın genel görünümünü belirleyecek kritik gelişmelerden biri olarak öne çıkıyor. Piyasalar, Fed'in faiz indirimi beklentisiyle sakinleşmiş durumda, ancak volatilite riskleri halen masada. NASDAQ100 endeksi, 4 saatlik grafikte 18621.5 seviyesinde işlem görüyor. Aşağıda 18525 ve 18440 destek seviyeleri izlenirken, yukarıda 18670 ve 18750 direnç seviyeleri takip ediliyor. RSI göstergesi 49 seviyesinde olup, endeksin hafif bir toparlanma çabasında olduğunu işaret ediyor. Destek:18525 - 18440 - 18240 Direnç:18670 - 18750 - 18850
Brent crude oil prices are trading in a balanced manner due to the hurricane threat in the Gulf of Mexico and global economic uncertainties. The recovery efforts in European and U.S. indices are providing support for Brent oil prices, while inventory data from the American Petroleum Institute will also have an impact on prices. Moreover, concerns about global demand and economic growth expectations may increase volatility in the oil market. Brent crude is trading at 71.51 on the 4-hour chart. Support is seen at 71 and 70.5, while resistance is observed at 72.5 and 73. The RSI indicator is at 46, indicating ongoing downward pressure in the market. Support:71 - 70.5 - 70 Resistance:72.5 - 73 - 73.5
Brent petrol fiyatları, Meksika Körfezi’nde beklenen kasırga tehdidi ve küresel ekonomik belirsizliklerle dengeli bir seyir izliyor. Avrupa ve ABD endekslerindeki toparlanma çabası Brent petrol fiyatlarını desteklerken, Amerikan Petrol Enstitüsü’nün açıklayacağı stok verileri de fiyatlar üzerinde etkili olabilir. Bununla birlikte, küresel talep endişeleri ve ekonomik büyüme beklentileri petrol piyasasında oynaklığı artırabilir. Brent petrol, 4 saatlik grafikte 71.51 seviyesinde işlem görüyor. Aşağıda 71 ve 70.5 seviyeleri destek olarak izlenirken, yukarıda 72.5 ve 73 direnç seviyeleri takip ediliyor. RSI göstergesi 46 seviyesinde olup, piyasada aşağı yönlü baskının sürdüğünü gösteriyor. Destek:71 - 70.5 - 70 Direnç:72.5 - 73 - 73.5
The oil markets continue to exhibit volatility due to hurricane threats expected in the Gulf of Mexico. Potential production disruptions caused by the hurricane and U.S. stock data to be released will be important factors influencing crude oil prices. The recovery in U.S. indices and the increase in global risk appetite could provide support for oil prices. However, global economic uncertainties continue to exert pressure on oil. WTI crude is trading at 68.85 on the 4-hour chart. Support is seen at 68 and 67.5, while resistance is observed at 69 and 69.5. The RSI indicator is at 48, indicating a continuing downward trend in the market. Support:68 - 67.5 - 67 Resistance:69 - 69.5 - 70
Petrol piyasaları, Meksika Körfezi'nde beklenen kasırga tehditleri nedeniyle volatil seyrini sürdürüyor. Kasırga etkisiyle üretimde yaşanabilecek olası kesintiler ve ABD'de açıklanacak stok verileri, ham petrol fiyatlarına yön verecek önemli faktörler arasında yer alıyor. ABD endekslerindeki toparlanma ve küresel risk iştahındaki artış da petrol fiyatlarına destek sağlayabilir. Ancak küresel ekonomik belirsizlikler petrol üzerinde baskı yaratmaya devam ediyor. Ham petrol fiyatları, 4 saatlik grafikte 68.85 seviyesinde işlem görüyor. 68 ve 67.5 seviyeleri destek olarak izlenirken, yukarıda 69 ve 69.5 direnç seviyeleri takip ediliyor. RSI göstergesi 48 seviyesinde olup, piyasada düşüş eğilimi devam ediyor. Destek:68 - 67.5 - 67 Direnç:69 - 69.5 - 70
Following weak employment data from the U.S., markets are now focused on inflation figures. The calm trend in U.S. 10-year Treasury yields is leading gold to trade sideways. Gold is moving within a narrow range due to expectations of a Fed rate cut, while inflation data will determine the short-term direction of the precious metal. Additionally, global growth concerns may increase demand for gold as a safe haven. Gold is trading at 2501.90 on the 4-hour chart. Support is seen at 2495 and 2490, while resistance is at 2510 and 2520. The RSI indicator is at 52, indicating a neutral market trend. Support:2495 - 2490 - 2482 Resistance:2510 - 2520 - 2530
ABD’de zayıf gelen istihdam verileri ardından piyasalar, enflasyon rakamlarına odaklanmış durumda. ABD 10 yıllık tahvil faizlerindeki sakin seyir, ons altının yatay bir şekilde işlem görmesine neden oluyor. Ons altın, Fed’in faiz indirimi beklentileriyle dar bir aralıkta hareket ederken, enflasyon verileri altının kısa vadeli yönünü belirleyici olacak. Ayrıca küresel büyüme endişeleri, güvenli liman olarak görülen altına olan talebi artırabilir. Ons altın, 4 saatlik grafikte 2501.90 seviyesinde işlem görüyor. Aşağıda 2495 ve 2490 destek seviyeleri izlenirken, yukarıda 2510 ve 2520 direnç seviyeleri dikkatle takip ediliyor. RSI göstergesi 52 seviyesinde olup, piyasanın nötr bir eğilimde olduğunu işaret ediyor. Destek:2495 - 2490 - 2482 Direnç:2510 - 2520 - 2530
While emerging market currencies continue to diverge against the U.S. dollar, the Turkish lira remains under pressure. Expectations of a 25-basis point rate cut by the Fed support cautious movements in the markets. Additionally, U.S. inflation data and presidential debates could have indirect effects on the Turkish lira. The U.S. dollar continues to stay strong in global markets, and the upward momentum in the USDTRY pair remains intact. The USDTRY pair is trading at 34.06 on the 4-hour chart. Support is noted at 34.05 and 33.97, while resistance is seen at 34.13 and 34.21. The RSI indicator is at 63, indicating that the pair is approaching overbought territory. Support:34.05 - 33.97 - 33.88 Resistance:34.13 - 34.21 - 34.28
Gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısında ayrışması devam ederken, Türk Lirası da baskı altında kalmaya devam ediyor. Fed’in 25 baz puan faiz indirimi beklentileri, piyasalardaki temkinli hareketi destekliyor. Bunun yanı sıra ABD’de açıklanacak enflasyon verileri ve başkanlık tartışmaları Türk Lirası üzerinde dolaylı etkiler yaratabilir. ABD doları, küresel piyasalarda güçlü kalmaya devam ediyor ve USDTRY paritesindeki yükseliş ivmesi korunuyor. USDTRY paritesi, 4 saatlik grafikte 34.06 seviyesinde işlem görüyor. 34.05 ve 33.97 seviyeleri destek olarak izlenirken, 34.13 ve 34.21 direnç seviyeleri takip ediliyor. RSI göstergesi 63 seviyesinde olup, paritenin aşırı alım bölgesine yaklaştığını işaret ediyor. Destek:34.05 - 33.97 - 33.88 Direnç:34.13 - 34.21 - 34.28
The GBPUSD pair is experiencing volatility ahead of the U.S. inflation data and employment figures from the UK to be released tomorrow. The general strength of the dollar continues to exert pressure on the British pound, while the Bank of England's policy decisions will also be key factors in determining the pair's direction. Furthermore, the U.S. presidential debates could increase political uncertainty and have short-term effects on the dollar. The GBPUSD pair is trading at 1.3061 on the 4-hour chart. Support is seen at 1.304 and 1.2995, while resistance is observed at 1.308 and 1.3125. The RSI indicator is at 39, close to the oversold region. Support:1.304 - 1.2995 - 1.2945 Resistance:1.308 - 1.3125 - 1.318
GBPUSD paritesi, yarın açıklanacak ABD enflasyon verileri ve İngiltere’den gelen istihdam verileriyle dalgalı bir seyir izliyor. Doların genel olarak güçlü seyri, İngiliz sterlini üzerinde baskı yaratmaya devam ederken, İngiltere Merkez Bankası’nın politika kararları da paritenin yönünü etkileyecek önemli faktörler arasında yer alıyor. Ayrıca ABD başkanlık tartışmaları, politik belirsizliğin artmasına neden olabilir ve bu da Dolar üzerinde kısa vadeli etkiler yaratabilir. GBPUSD paritesi, 4 saatlik grafikte 1.3061 seviyesinde işlem görüyor. Aşağıda 1.304 ve 1.2995 seviyeleri destek olarak izlenirken, yukarıda 1.308 ve 1.3125 direnç seviyeleri takip ediliyor. RSI göstergesi 39 seviyesinde olup, aşırı satım bölgesine yakın seyrediyor. Destek:1.304 - 1.2995 - 1.2945 Direnç:1.308 - 1.3125 - 1.318
In the Asian markets, a cautious trend is observed ahead of the U.S. inflation data to be released tomorrow, and pressure is being felt on the Euro/Dollar pair. After the weak U.S. employment data, inflation figures could provide key insights into whether the U.S. economy is heading towards a recession or a moderate slowdown. Additionally, the European Central Bank's (ECB) interest rate decision this week and statements from ECB President Lagarde will be decisive for the Euro. Meanwhile, the Dollar index continues its strong stance, maintaining pressure on the Euro. The EURUSD pair is trading at 1.1037. On the 4-hour chart, the pair finds support at the 1.1015 and 1.099 levels, while resistance is seen at 1.1075 and 1.11. The RSI indicator is at 39, indicating that it is approaching the oversold territory. Support:1.1015 - 1.099 - 1.094 Resistance:1.1075 - 1.11 - 1.1145
Asya piyasalarında yarın açıklanacak ABD enflasyon verisi öncesinde temkinli bir seyir izlenirken, Euro/Dolar paritesinde de baskı hissediliyor. ABD’nin zayıf gelen istihdam verileri ardından enflasyon rakamları, ABD ekonomisinin resesyon mu yoksa ılımlı bir yavaşlama yolunda olduğunu gösteren önemli ipuçları verebilir. Ayrıca Avrupa Merkez Bankası'nın bu hafta vereceği faiz kararı ve ECB Başkanı Lagarde’ın açıklamaları Euro üzerinde belirleyici olacak. Dolar endeksi ise güçlü duruşunu sürdürerek Euro üzerinde baskı kurmaya devam ediyor. EURUSD paritesi, 1.1037 seviyesinde işlem görüyor. 4 saatlik grafikte parite, 1.1015 ve 1.099 seviyelerinde destek bulurken, yukarıda 1.1075 ve 1.11 direnç seviyeleri izleniyor. RSI göstergesi 39 seviyesinde olup, aşırı satım bölgesine yaklaştığını gösteriyor. Destek:1.1015 - 1.099 - 1.094 Direnç:1.1075 - 1.11 - 1.1145
U.S. natural gas futures are affected by fundamental factors such as warm weather expectations and potential supply disruptions. Despite weakened demand due to power outages, the approaching hurricane and concerns about surplus supply balance this situation. While observing European and U.S. stock markets, factors like weather conditions and high temperatures continue to significantly impact pricing. Under current market conditions, it is essential to monitor the fluctuations in natural gas prices, with a focus on the 2.180 – 2.215 support levels holding, allowing for potential upward movements. In technical analysis, the NGCUSD pair is being observed on the 1-hour chart. Currently, the 2.215 and 2.180 levels are key supports, while the 2.250 and 2.290 levels are resistance points. The RSI indicator is at 60, presenting a positive outlook. The price is currently at 2.146, with a 0.09% change compared to the previous day. In this context, it is crucial to closely monitor the potential market shifts. Support:2.215 - 2.18 - 2.14 Resistance:2.25 - 2.29 - 2.335
ABD doğal gaz vadeli işlemleri, sıcak hava beklentileri ve potansiyel arz kesintileri gibi temel faktörlerden etkileniyor. Elektrik kesintileriyle talepte zayıflama görülse de, yaklaşan kasırganın arz fazlası oluşturma endişesini artırması bu durumu dengeliyor. Avrupa ve ABD borsaları izlenirken, hava durumu ve yüksek sıcaklıklar gibi faktörlerin halen fiyatlamalar üzerinde önemli etkileri bulunmaktadır. Mevcut piyasa koşullarında, doğal gaz fiyatlarındaki dalgalanmaların izlenmesi önem taşırken, gün içinde fiyatların 2,180 – 2,215 destek seviyeleri üzerinde kalmaya devam etmesi, olası yukarı yönlü hareketlerin ön planda tutulmasını sağlamaktadır. Teknik analizde, NGCUSD paritesi 1 saatlik grafikte izleniyor. Mevcut durumda, 2,215 ve 2,180 seviyeleri önemli destek, 2,250 ve 2,290 seviyeleri ise direnç olarak izlenmektedir. RSI göstergesi 60 seviyelerinde olup pozitif bir görünüm sergiliyor. Önceki güne göre %0.09'luk bir değişimle fiyat 2,146 seviyesinde bulunuyor. Destek:2.215 - 2.18 - 2.14 Direnç:2.25 - 2.29 - 2.335
DAX 40 index is trying to find direction this week through global economic headlines. Especially the U.S. presidential candidates' debate, the U.S. inflation data, and the ECB interest rate decision are key economic data points this week. These data could make the expectations regarding the Fed’s interest rate decisions more clear. The interest rate policies of central banks and potential volatility in the markets could increase the pressure on the index. Under the current economic conditions, especially the slowdown signals in the German economy are among the critical factors that investors should watch closely. Technically, when analyzed on the hourly chart, the DAX 40 index is at 18283 and moving below the 18420 - 18560 resistance zones. The index approaching the 18260 support level may target the 18170 and 18080 support levels in downward movements. The RSI indicator is currently at 40, presenting a negative outlook. The index has shown a 0.01% decrease compared to the previous day. For the index to gain momentum, stronger buying signals are needed. The current price is at 18283. Support:18260 - 18170 - 18080 Resistance:18350 - 18420 - 18560
DAX 40 endeksi, bu hafta küresel ekonomik gündem başlıkları ile yön bulmaya çalışıyor. Özellikle ABD'de gerçekleşen başkan adayları tartışması ile başlayan hafta, ABD enflasyon verisi ve ECB faiz kararı gibi önemli ekonomi verileri ile devam ediyor. Bu veriler, Fed’in faiz kararlarına dair beklentileri daha belirgin hale getirebilir. Endeks üzerinde Merkez Bankalarının faiz politikaları ve piyasalarda oluşabilecek volatilite baskıyı artırabilir. Mevcut ekonomik koşullarda, özellikle Alman ekonomisindeki yavaşlama sinyalleri yatırımcılar için dikkatle izlenmesi gereken unsurlar arasında. Teknik açıdan, DAX 40 saatlik grafik perspektifinde değerlendirildiğinde, endeks 18283 seviyelerinde ve 18420 - 18560 direnç bölgeleri altında hareket ediyor. 18260 desteğine yaklaşan endeks, aşağı yönlü hareketlerde 18170 ve 18080 destek seviyelerini hedefleyebilir. RSI göstergesi şu an 40 seviyesinde ve negatif bir görünüm sergiliyor. Bir önceki güne göre %0,01 düşüş gösteren endeksin ivme kazanması için daha güçlü alım sinyalleri gereklidir. Güncel fiyat 18283 seviyesinden işlem görüyor. Destek:18260 - 18170 - 18080 Direnç:18350 - 18420 - 18560
NASDAQ100 index is showing a cautious outlook before the upcoming U.S. inflation data, which is due before the Fed's statement. Despite the decline in U.S. 10-year Treasury yields, market participants are awaiting the inflation data results. The negative sentiment in Asian markets is also exerting downward pressure on U.S. index futures. Additionally, U.S. economic data falling short of expectations and increasing fears of recession have sparked further interest rate cut expectations in the markets. Technically, the NASDAQ100 index is trading at 18684 on the hourly chart. Support levels are being monitored at 18670, 18525, and 18440. In upward movements, 18850, 18975, and 19155 are resistance levels. The RSI indicator is at 47.77, presenting a neutral outlook. The index has mostly traded sideways, with a slight 0.08% decrease compared to the previous day. The current price is 18684. Support:18670 - 18525 - 18440 Resistance:18850 - 18975 - 19155
NASDAQ100 endeksi, Fed'in beyanatı öncesinde açıklanacak olan enflasyon verileri öncesinde temkinli bir görünüm sergiliyor. ABD 10 yıllık hazine tahvil faizlerinin gerilemesine karşın, piyasa katılımcıları enflasyon verilerinin sonuçlarını bekliyor. Asya borsalarında yaşanan olumsuz hava, ABD endeks vadeli işlemleri üzerinde de aşağı yönlü baskı yaratıyor. Bununla birlikte, ABD'de ekonomik verilerin beklentilerin altında kalması ve resesyon korkularının artması, piyasalarda daha fazla faiz indirimi beklentisini tetikliyor. Teknik olarak, NASDAQ100 endeksi saatlik grafikte 18684 seviyelerinde işlem görüyor. Endeks için 18670, 18525 ve 18440 seviyeleri destek olarak izleniyor. Yukarı yönlü hareketlerde ise 18850, 18975 ve 19155 seviyeleri direnç konumunda. RSI göstergesi 47.77 seviyesinde ve nötr bir görünüm sergiliyor. Çoğunlukla yatay bir seyir izleyen endeks, bir önceki güne göre %0.08 civarında bir düşüş yaşamış durumda. Mevcut durumda, fiyat 18684 seviyesinde bulunuyor. Destek:18670 - 18525 - 18440 Direnç:18850 - 18975 - 19155
Brent crude oil prices show a calm image due to the negative trend in Asian markets and the stagnation before the U.S. inflation data. Despite the American Petroleum Institute’s reports of a decline in stockpiles, a strong recovery has not been seen. The trend in Asian and U.S. markets, the U.S. Energy Information Administration’s stock figures, and the U.S. inflation data could affect Brent crude oil pricing. In the chart, on the hourly timeframe, Brent crude oil is observed trading at the current price of 69.33. In downward movements, 69.00 and 68.50 levels are significant supports. In upward momentum, the 70.00, 70.50, and 71.00 levels stand out as resistance points. The RSI indicator is at 36.80, presenting a negative outlook. Brent crude oil has decreased by 0.31% compared to the previous day, currently trading at 69.33. Support:69 - 68.5 - 68 Resistance:70 - 70.5 - 71
Brent petrol fiyatları, Asya borsalarındaki negatif yönlü seyir ve ABD enflasyon verisi öncesindeki durgunluk ile sakin bir görüntü sergiliyor. Piyasada, Amerikan Petrol Enstitüsü’nün stoklarda düşüş açıklamalarına rağmen güçlü bir toparlanma görülmemesi dikkat çekiyor. Asya ve ABD borsalarının seyri, ABD Enerji Bilgi Dairesi’nin açıklayacağı stok rakamları ve ABD enflasyon verisi Brent petrol fiyatlamaları üzerinde etkili olabilir. Grafikte, saatlik zaman diliminde Brent petrolün 69.33 seviyesindeki güncel fiyatıyla işlem gördüğü izleniyor. Aşağı yönlü hareketlerde 69.00 ve 68.50 seviyeleri destek olarak önem kazanıyor. Yukarı yönlü bir ivmede ise 70.00, 70.50 ve 71.00 seviyeleri direnç olarak öne çıkmakta. RSI göstergesi 36.80 seviyesinde ve negatif bir görünüm sergiliyor. Önceki güne göre %0.31 oranında bir düşüş yaşanmış durumda. Brent petrol fiyatı mevcut şartlarda 69.33 seviyesinde. Destek:69 - 68.5 - 68 Direnç:70 - 70.5 - 71
WTI crude oil prices are showing a calm trend during the Asian session due to global demand concerns. The American Petroleum Institute’s report of a drop in stockpiles does not seem to have affected the current situation. The bearish trend in Asian markets and uncertainty before the U.S. inflation data are noteworthy in energy markets. The U.S. Energy Information Administration’s upcoming stock reports could be decisive for price movements. As long as prices remain below the 67.00 – 67.50 resistance zone, downward risks could prevail. In potential downward movements, the 65.50 and 65.00 levels could act as critical support. Technically, when hourly charts are analyzed, WTI crude oil is seen trading near the 66.50-dollar support zone. Upward movements are being monitored at 67.00 and 67.50 levels as resistance. The RSI indicator is at 35, showing that the market presents a negative outlook, approaching the oversold zone. Prices have slightly decreased by 0.10% compared to the previous day, currently trading at 66.32 dollars. Support:65.5 - 65 - 64.5 Resistance:66.5 - 67 - 67.5
WTI petrol fiyatları, küresel talep endişesiyle Asya seansında sakin bir seyir izliyor. Amerikan Petrol Enstitüsü’nün stok verilerindeki düşüş açıklamaları da mevcut durumu etkilememiş görünüyor. Asya borsalarının satıcılı seyri ve ABD enflasyon verisi öncesi belirsizlik, enerji piyasalarında dikkat çekiyor. ABD Enerji Bilgi Dairesi’nin yayımlayacağı stok verileri, fiyat hareketlerinde belirleyici olabilir. 67,00 – 67,50 direnç bölgesi altında kalındığı sürece aşağı yönlü risklerin baskın olabileceği değerlendiriliyor. Aşağı yönlü olası hareketlerde 65,50 ve 65,00 seviyeleri kritik destekler olarak karşımıza çıkabilir. Teknik olarak, WTI petrolün saatlik grafikleri incelendiğinde, fiyatın 66.50 dolar destek bölgesine yakın işlem gördüğü görülmektedir. Yukarı yönlü hareketlerde 67.00 ve 67.50 seviyeleri direnç olarak takip edilmektedir. RSI göstergesi 35 seviyesinde ve aşırı satım bölgesine yakın seyrederek piyasanın negatif bir görünüm sergilediğini göstermektedir. Önceki güne göre %0.10 oranında hafif bir düşüş yaşayan fiyat, şu anda 66.32 dolar seviyesindedir. Destek:65.5 - 65 - 64.5 Direnç:66.5 - 67 - 67.5
Before the U.S. inflation data, gold prices found support from the decline in U.S. 10-year Treasury yields and the U.S. Dollar Index, showing a recovery. Expectations for a potential interest rate cut in the upcoming Fed meeting continue in the market. This situation could keep buying interest in precious metals alive. Weakness in Asian markets and global recession fears are also positively affecting the safe-haven demand for gold. On the hourly chart, gold is maintaining its upward momentum by staying above the 2500 support level. The first resistance level is being watched at 2523, while 2530 and 2540 resistance points could be monitored above this level. The RSI indicator is at 68, presenting a positive outlook, which indicates that the upward potential persists. Gold prices increased by 0.09% compared to the previous day and are currently trading at 2521.94. Support:2510 - 2500 - 2490 Resistance:2523 - 2530 - 2540
ABD'den gelecek olan enflasyon verileri öncesinde, ons altın fiyatı ABD 10 yıllık hazine tahvil getirilerindeki ve dolar endeksindeki düşüşten destek bularak toparlanma gösterdi. Piyasada genel olarak Fed’in gelecek toplantıda faiz indirimi yapacağına dair beklentiler devam ediyor. Bu durum, değerli metaller üzerindeki alım iştahını canlı tutabilir. Asya borsalarındaki zayıflık ve küresel piyasalarda resesyon korkuları da altının güvenli liman talebini olumlu etkiliyor. Saatlik zaman diliminde incelenen ons altın, 2500 destek seviyesinin üzerinde kalıcılık sağlayarak yükseliş ivmesini koruyor. İlk direnç seviyesi 2523 olarak izlenirken, bu seviyenin üzerinde 2530 ve 2540 direnç noktaları takip edilebilir. RSI göstergesi 68 seviyesinde olup pozitif bir görünüm sergiliyor, bu da yükseliş potansiyelinin sürdüğüne işaret ediyor. Önceki güne göre %0.09'luk bir artış kaydeden altın fiyatı şu anda 2521.94 seviyesinde işlem görüyor. Destek:2510 - 2500 - 2490 Direnç:2523 - 2530 - 2540
USD/TRY pair is influenced by the movements of emerging market currencies against the U.S. Dollar. The Turkish Lira is currently showing a weak outlook. The uncertainties regarding inflation and interest rate policies in developed economies are putting pressure on the Turkish Lira. Predicting the future of the exchange rate could become more challenging due to the impact of global economic data. According to the technical analysis on the 4-hour chart, the USD/TRY pair is currently trading at 34.04. The 34.05, 34.13, and 34.20 levels are being monitored as resistance points, while the 33.97 and 33.88 levels are notable as support in downward movements. The RSI indicator is at 56.01, presenting a positive outlook. The pair's 0.10% increase compared to the previous day suggests that upward movements might continue in the short term. The current price is around 34.04. Support:33.97 - 33.88 - 33.8 Resistance:34.05 - 34.13 - 34.2
USD/TRY paritesi, gelişmekte olan piyasalarda para birimlerinin ABD Doları karşısındaki hareketlerinden etkileniyor. Türk Lirası, şu anki konumuyla zayıf bir görünüm sergiliyor. Gelişmiş ülkelerin ekonomilerinde enflasyon ve faiz politikalarına ilişkin belirsizlikler Türk Lirası üzerinde baskı oluşturuyor. Global ekonomik verilerin etkisiyle kurun geleceğini tahmin etmek güçleşebilir. 4 saatlik grafik üzerinde yapılan teknik analize göre, USD/TRY paritesi şu an 34.04 seviyesinde işlem görmekte. 34.05, 34.13 ve 34.20 seviyeleri direnç noktaları olarak izlenirken, aşağı yönlü hareketlerde 33.97 ve 33.88 seviyeleri destek olarak dikkat çekmekte. RSI göstergesi 56.01 seviyesinde ve pozitif bir görünüm sergiliyor. Paritenin bir önceki güne göre %0.10 yükselmiş olması kısa vadede yukarı yönlü hareketlerin devam edebileceğini gösteriyor. Güncel fiyat 34.04 civarında seyrediyor. Destek:33.97 - 33.88 - 33.8 Direnç:34.05 - 34.13 - 34.2
GBP/USD pair is closely monitored ahead of important economic data such as the U.S. inflation data, the European Central Bank’s interest rate decision, and the statements of President Lagarde. The expectations regarding the Fed's interest rate cuts before the U.S. inflation data could be decisive for the pair's movements. The persistence of core inflation in particular could change the expectations for the Fed's interest rate policies. The negative trend observed in the classic U.S. Dollar Index is leading to a weakening dollar, so the situation of the sterling against the dollar should be carefully monitored. In technical analysis, the GBP/USD pair is analyzed on a 4-hour chart. The pair staying below the 1.3097 - 1.3115 range may indicate downward pressure. Downward movements are being monitored at 1.3080, 1.3040, and 1.2995 critical support levels. For upward movements, 1.3115, 1.3180, and 1.3220 resistance levels should be considered. The RSI indicator is at 49.84, presenting a neutral outlook. The pair has decreased by 0.04% compared to the previous day and is currently trading at 1.3107 Support:1.308 - 1.304 - 1.2995 Resistance:1.3115 - 1.318 - 1.322
GBP/USD paritesi ABD enflasyon verisi, Avrupa Merkez Bankası'nın faiz kararı ve Başkan Lagarde'ın açıklamaları gibi önemli ekonomik verilerin öncesinde dikkatle izleniyor. ABD'de enflasyon verileri öncesinde Fed'in faiz indirimlerine ilişkin beklentiler, paritenin hareketlerinde belirleyici olabilir. Özellikle enflasyonun çekirdek kısmındaki katılığın sürmesi, Fed'in faiz politikalarına yönelik beklentileri değişebilir. Klasik Dolar Endeksi'nde gözlenen negatif eğilim, doların zayıflamasına sebep olurken, paritede sterlinin dolara karşı durumunu dikkatle izlemek gerekiyor. Teknik analizde, GBP/USD paritesi 4 saatlik grafikte inceleniyor. 1.3097 - 1.3115 aralığındaki hareketin altında kalması paritenin aşağı yönlü baskı altında kalabileceğini gösteriyor. Aşağı yönlü hareketlerde 1.3080, 1.3040 ve 1.2995 kritik destek seviyeleri. Yukarı yönlü hareketlerde ise 1.3115, 1.3180 ve 1.3220 direnç seviyeleri göz önünde bulundurulmalı. RSI göstergesi 49.84 seviyesinde olup nötr bir görünüm sergiliyor. Parite bir önceki güne göre %0.04 gerileyerek şu anda 1.3107 seviyesinde işlem görüyor. Destek:1.308 - 1.304 - 1.2995 Direnç:1.3115 - 1.318 - 1.322
EUR/USD pair is focused on this week’s significant events such as the U.S. presidential candidates' debate, U.S. inflation data, and the European Central Bank's (ECB) interest rate decision. The expected inflation data from the U.S. will particularly influence the expectations regarding the Fed’s interest rate cut policy. The Euro is trying to stay above the 200-period moving average at the 1.1016 level, which presents a positive outlook for the Euro. While the U.S. Dollar index continues its weak trend, the Euro might be seeking a new peak. The chart has been analyzed on the 4-hour timeframe. EUR/USD pair is being monitored at the 1.1016 and 1.099 levels as support. For upward movements, the 1.1067 and 1.11 levels are being watched as resistance. The RSI indicator is at 47, presenting a neutral outlook. The pair is moving sideways with a change of approximately 0.02% compared to the previous day. The current price is observed at 1.1049 Support:1.1016 - 1.099 - 1.094 Resistance:1.1067 - 1.11 - 1.1145
EUR/USD paritesi, ABD Başkan adaylarının tartışması, ABD enflasyon verisi ve Avrupa Merkez Bankası'nın (ECB) faiz kararı gibi bu haftanın önemli olaylarına odaklanmış durumda. Piyasalarda ABD’den beklenen enflasyon verisi, özellikle Fed’in faiz indirim politikasına dair beklentileri etkileyecek. Euro, dolar karşısında genellikle 200 periyotluk ortalama olan 1,1016 seviyesinin üzerinde kalmaya çalışıyor ve bu durum, euro için olumlu bir görünüm sunuyor. Dolar endeksi zayıf seyrini sürdürürken, euro için yeni bir zirve arayışı sürüyor olabilir. Grafik, 4 saatlik zaman diliminde analiz edilmiştir. EUR/USD paritesi 1,1016 ve 1,099 seviyeleri destek olarak izlenmektedir. Yukarı yönlü hareketlerde ise 1,1067 ve 1,11 seviyeleri direnç olarak takip edilmelidir. RSI göstergesi 47 seviyesinde ve nötr bir görünüm sergiliyor. Paritenin önceki güne göre değişim oranı yaklaşık %0,02 ile yatay seyretmekte. Güncel fiyat ise 1,1049 olarak gözlemleniyor. Destek:1.1016 - 1.099 - 1.094 Direnç:1.1067 - 1.11 - 1.1145
While the US natural gas market is following a sideways trend under the influence of hurricane developments and seasonal demand, the performance of European and US markets will be significant in the coming period. The inventory data released by the US Energy Information Administration could also be decisive in the course of natural gas prices. Staying above the support levels of 2.215 – 2.250 for the natural gas price may support an upward movement. As long as it stays above these levels, 2.290 and 2.335 are seen as potential targets. However, in case of downward pressure, four-hour closings below the 2.215 level could bring the 2.180 and 2.140 levels back into focus. Technically analyzed, the NGCUSD pair is trading on the 1-hour chart. The price is fluctuating around the 2.191 level. In short-term movements, resistance at the 2.156 level and support at the 2.097 level should be monitored. The RSI indicator is at 57.85, displaying a positive outlook. It increased by 0.14% from the previous day with a small rise. The current price is at the 2.194 level, and the market is following an indecisive trend. Support:2.25 - 2.215 - 2.18 - Resistance:2.29 - 2.335 - 2.38 -
ABD doğal gaz piyasası, kasırga gelişmeleri ve mevsimsel talebin etkisi altında yatay bir seyir izlerken, önümüzdeki süreçte Avrupa ve ABD borsalarının performansı önemli olacak. ABD Enerji Bilgi Dairesi’nin açıkladığı stok verileri de doğal gaz fiyatlarının seyrinde belirleyici olabilir. Doğal gaz fiyatının 2,215 – 2,250 destek seviyeleri üzerinde kalması yukarı yönlü hareketi destekleyebilir. Bu seviyeler üzerinde kaldığı sürece, 2,290 ve 2,335 seviyeleri potansiyel hedefler olarak görülüyor. Ancak aşağı yönlü baskıda 2,215 seviyesinin altındaki 4 saatlik kapanışlar, 2,180 ve 2,140 seviyelerinin yeniden gündeme gelmesine neden olabilir. Teknik olarak incelendiğinde, NGCUSD paritesi 1 saatlik grafikte işlem görüyor. Fiyat, 2,191 seviyesinde seyrediyor. Kısa vadeli hareketlerde, 2,156 seviyesinde bulunan bir direnç ve 2,097 seviyesindeki destek alanı izlenmeli. RSI göstergesi 57,85 seviyesinde ve pozitif bir görünüm sergiliyor. Önceki güne göre küçük bir artışla %0,14 değer kazandı. Güncel fiyat 2,194 seviyesinde, piyasa kararsız bir seyir izliyor Destek:2.25 - 2.215 - 2.18 - Direnç:2.29 - 2.335 - 2.38 -
The DAX 40 index is showing strong performance following the CPI data released in the USA, alongside expectations for interest rate cuts. Interest rate decisions from the European Central Bank and messages from President Lagarde continue to influence the trajectory of European stock indices. In light of recent data, expected interest rate cuts from the ECB and US-based economic developments play a decisive role on the stock market. The technical chart shows that the DAX 40 index is trading on an hourly time frame. The index is stuck between the levels of 18420 and 18560, which stand out as significant support and resistance points. The RSI indicator is at the level of 65, exhibiting a positive outlook. The index, which recorded a 0.65% increase compared to the previous day, is currently trading at 18514.1. For the index to maintain its upward movement, it needs to surpass the 18560 resistance and hold firmly above this level. Support:18420 - 18350 - 18260 - Resistance:18560 - 18620 - 18700 -
DAX 40 endeksi, ABD'de açıklanan TÜFE verileri sonrası faiz indirimi beklentileriyle birlikte güçlü bir performans sergiliyor. Avrupa Merkez Bankası'ndan gelecek faiz kararları ve Başkan Lagarde'ın mesajları Avrupa borsa endekslerinin seyrini etkilemeye devam ediyor. Son veriler ışığında, ECB'den beklenen faiz indirimleri ve ABD merkezli ekonomik gelişmeler borsa üzerinde belirleyici bir rol oynuyor. Teknik grafikte, DAX 40 endeksinin bir saatlik zaman diliminde işlem gördüğü izleniyor. Endeks, 18420 ve 18560 seviyeleri arasında sıkışmış durumda ve bu bölgeler önemli destek ve direnç noktaları olarak öne çıkıyor. RSI göstergesi 65 seviyesinde, pozitif bir görünüm sergiliyor. Önceki güne göre %0.65'lik bir artış kaydeden endeks, şu anda 18514.1 seviyesinden işlem görüyor. Endeksin yukarı yönlü hareketini sürdürebilmesi için 18560 direncini aşarak kalıcı bir şekilde tutunması gerekmekte. Destek:18420 - 18350 - 18260 - Direnç:18560 - 18620 - 18700 -
The NASDAQ100 index is currently active against the backdrop of inflation data from the US and potential interest rate cut expectations. While headline inflation occurred in line with expectations, the core inflation being slightly above led to an upward movement in the market index. Tech giants like Nvidia, AMD, and Apple are seen leading this rise. Upcoming data such as the Producer Price Index (PPI) and initial jobless claims from the US could impact the index's course. From a technical perspective, the NASDAQ100 index is being monitored on the 1-hour chart. The index continues to stay above the support zone of 18850 – 19155. In upward movements, the levels of 19400 and 19500 are watched as resistance. The RSI indicator is at 74.62, showing a positive trend. On a daily basis, there is a slight increase of 0.04% in the index. The current price is trading at the level of 19296. Support:19155 - 18850 - 18750 - Resistance:19400 - 19500 - 19600 -
NASDAQ100 endeksi, son dönemde ABD'den gelen enflasyon verileri ve potansiyel faiz indirim beklentileri çerçevesinde hareketleniyor. Manşet enflasyon beklentilere paralel gerçekleşirken, çekirdek enflasyonun bir adım üzerinde sonuçlanması, piyasalarda endeksin yukarı yönlü hareketine katkı sağladı. Nvidia, AMD, Apple gibi teknoloji devlerinin bu yükselişe öncülük ettiği görülüyor. ABD'de açıklanacak olan ÜFE ve işsizlik haklarından yararlanma başvuruları gibi veriler ise endeksin seyri üzerinde etkili olabilir. Teknik açıdan, NASDAQ100 endeksi 1 saatlik grafikte izleniyor. Endeks, 18850 – 19155 destek bölgesi üzerinde kalmaya devam ediyor. Yukarı yönlü hareketlerde 19400 ve 19500 seviyeleri direnç olarak izlenmekte. RSI göstergesi 74.62 seviyesinde, pozitif bir eğilim sergiliyor. Günlük bazda ise endekste %0.04 oranında hafif bir artış mevcut. Güncel fiyat 19296 seviyesinde işlem görüyor. Destek:19155 - 18850 - 18750 - Direnç:19400 - 19500 - 19600 -
Brent crude prices are being affected by disruptions in oil production in Louisiana caused by Hurricane Francine. The cessation of daily production by as much as 670,000 barrels is leading to efforts for a price recovery in oil. Additionally, markets are closely monitoring the volatility in European and U.S. exchanges. In particular, price movements and four-hour closures that could occur between the levels of 70.50 – 71.50 may play a critical role in determining the direction of the price. The upward trend could strengthen with movements above 71.50, while declines could accelerate with movements below 70.50. From a technical analysis perspective, the oil price is being examined on the hourly chart. Currently, it is hovering above 70.50 and trading around 71.34. The 70.50 level is being monitored as support, while the 71.50 level is observed as resistance. The 50-day exponential moving average is at 70.507, and the price is attempting to rise above this level. The RSI indicator is at 60.53, presenting a positive outlook. It has shown a 0.16% increase compared to the previous day. The current price of Brent crude is at the 70.934 level. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5 -
Brent petrol fiyatları, Francine Kasırgası’nın Louisiana’daki petrol üretiminde yarattığı aksaklıklardan etkileniyor. Bölgede günlük üretimin 670 bin varil kadar durması, petrol fiyatlarında toparlanma çabasını beraberinde getiriyor. Ayrıca, piyasalar Avrupa ve ABD borsalarındaki hareketliliği de yakından izliyor. Özellikle 70,50 – 71,50 seviyeleri arasında gerçekleşebilecek fiyat hareketleri ve 4 saatlik kapanışlar, fiyat yönünün belirlenmesinde kritik rol oynayabilir. Yükseliş trendi, 71,50'nin üzerindeki hareketlerle güçlenebilirken, düşüşler ise 70,50'nin altındaki seyirlerle hız kazanabilir. Teknik analiz açısından, petrol fiyatı 1 saatlik grafikte inceleniyor. Mevcut durumda 70,50'nin üzerinde seyrediyor ve 71,34 civarında işlem görüyor. 70,50 seviyesi destek, 71,50 seviyesi ise direnç olarak izleniyor. 50 günlük üstel hareketli ortalama 70,507 seviyesinde ve fiyat bu seviyenin üzerine çıkmaya çalışıyor. RSI göstergesi 60,53 seviyesinde olup pozitif bir görünüm sergiliyor. Önceki güne göre %0,16 artış gösterdi. Brent petrolün güncel fiyatı ise 70,934 seviyesinde bulunuyor. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
With the impact of Hurricane Francine in Louisiana, WTI crude oil futures are showing some recovery efforts. While daily oil production losses of 670,000 barrels in the region put pressure on prices, markets are focused on the trajectory of the European and US stock exchanges. Technically, movements outside the 67.00 – 68.00 dollar range for oil could be decisive in determining direction, while an upward trend is expected to become more pronounced with a move above 68.00 dollars and four-hour closures. In this scenario, the levels of 68.50 and 69.00 dollars could be among potential targets. From a technical analysis perspective, when examining WTI crude oil based on hourly chart data, it is observed that the price movement is testing the 50- hour EMA near the level of 67.587 dollars as support. In upward movements, resistance levels of 68.303 (100-hour EMA) and 69.872 (200-hour EMA) should be considered. The RSI indicator is at the 59.34 level, presenting a positive outlook. The oil price is trading at 67.89 dollars, a 0.14% decrease compared to yesterday's close. Support:67 - 66.5 - 66 - Resistance:68 - 68.5 - 69 -
Francine Kasırgası’nın Louisiana’daki etkisiyle WTI petrol vadeli işlemleri bir miktar toparlanma çabası gösteriyor. Bölgede günlük petrol üretiminde yaşanan 670 bin varillik kayıplar fiyatlar üzerinde baskı yaratırken, piyasalarda gözler Avrupa ve ABD borsalarının seyrinde. Teknik açıdan, petrolün 67,00 – 68,00 dolar bölgesi dışında yapacağı hareketler, yön tayininde belirleyici olabilirken, yükselişin 68,00 dolar üzerindeki seyir ve 4 saatlik kapanışlarla daha belirgin hale gelmesi bekleniyor. Bu senaryoda 68,50 ve 69,00 dolar seviyeleri potansiyel hedefler arasında yer alabilir. Teknik analiz açısından, WTI petrol 1 saatlik grafik verilerine göre incelendiğinde, fiyat hareketinin 67.587 dolar seviyesi yakınındaki 50 saatlik EMA'yı destek olarak test ettiği görülüyor. Yukarı yönlü hareketlerde 68.303 (100 saatlik EMA) ve 69.872 (200 saatlik EMA) direnç seviyeleri dikkate alınmalı. RSI göstergesi 59.34 seviyesinde olup, pozitif bir görünüm sergiliyor. Petrol fiyatı, dünkü kapanışına göre %0.14’lük bir düşüşle 67.89 dolar seviyesinde işlem görüyor. Destek:67 - 66.5 - 66 - Direnç:68 - 68.5 - 69 -
With inflation data in the US aligning with expectations, interest rate cut expectations have strengthened. This situation has somewhat limited the upward potential of gold, triggering an effort to preserve the precious metal's gains. The upcoming ECB interest rate decisions and PPI data from the US could influence the direction of the gold market. Gold remaining in the current 2500 – 2510 range increases the potential for maintaining an upward trend. In a downside scenario, a retreat towards 2490 and then 2482 levels is possible. Within the framework of technical analysis, the XAU/USD pair is being examined on an hourly time frame. The pair is testing the 2520 and 2510 levels before encountering resistance at 2523. In downward movements, the 2502 and 2482 levels are monitored as support. The RSI indicator is at 56.92, displaying a positive outlook. The pair has shown a 0.04% increase during the day, currently trading at 2517.87. Support:2510 - 2500 - 2490 - Resistance:2520 - 2523 - 2530 -
ABD'de açıklanan enflasyon verilerinin beklentilere paralel gelmesiyle birlikte, faiz indirimi beklentileri güçlendi. Bu durum, ons altının yükselme potansiyelini bir miktar sınırlandırarak, değerli metalin kazançlarını koruma çabasını tetikledi. ECB'nin yaklaşan faiz kararları ve ABD'den gelecek ÜFE verileri, altın piyasasının yönünde etkili olabilir. Altının mevcut 2500 – 2510 bölgesinde kalması, yukarı yönde bir eğilimi devam ettirme potansiyelini artırıyor. Aşağı yönlü bir senaryoda 2490 ve ardından 2482 seviyelerine doğru bir çekilme mümkündür. Teknik analiz çerçevesinde XAU/USD paritesi 1 saatlik zaman diliminde incelenmektedir. Parite, 2523 seviyesindeki dirençle karşılaşmadan önce 2520 ve 2510 seviyelerini test ediyor. Aşağı yönlü hareketlerde ise 2502 ve 2482 seviyeleri destek olarak izleniyor. RSI göstergesi 56.92 seviyesinde olup, pozitif bir görünüm sergilemektedir. Parite gün içinde %0.04'lük bir yükseliş göstererek güncel olarak 2517.87 seviyesinden işlem görmektedir. Destek:2510 - 2500 - 2490 - Direnç:2520 - 2523 - 2530 -
The USD/TRY pair continues to seek direction based on developments in global markets. Although the inflation data from the U.S. creates uncertainty about the Fed's future interest rate policy, the neutral stance of the Turkish Lira against international currencies is keeping the pair stable for now. Expectations of an upcoming interest rate cut by the ECB and the positive trend in Asian markets are also being closely monitored by the markets. The general expectation is that global developments will have a limited impact on the Turkish Lira. Technically, the USD/TRY pair is trading at the 33.80 support level on the 4- hour chart, showing an upward tendency toward the resistance levels of 33.92 and 34.00. The RSI indicator is at 40.88, presenting a neutral outlook. With a 0.00% change recorded in the last day, the current price is measured at 33.97. It can be stated that attention should be paid to the movement of the pair within these price levels. Support:33.88 - 33.8 - 33.71 - Resistance:34.05 - 34.12 - 34.17 -
USD/TRY paritesi, küresel piyasalardaki gelişmelere bağlı olarak yön arayışını sürdürüyor. ABD'den gelen enflasyon verileri sonrası Fed'in gelecekteki faiz politikası belirsizlik yaratsa da Türk Lirası'nın uluslararası para birimleri karşısındaki nötr duruşu, pariteyi şimdilik stabil tutuyor. ECB'nin yaklaşan faiz indirimi beklentileri ve Asya piyasalarındaki pozitif seyir de piyasalarda yakından izleniyor. Genel beklenti, küresel gelişmelerin Türk Lirası üzerinde sınırlı etkide bulunacağı yönünde. Teknik olarak, USD/TRY paritesi 4 saatlik grafikte 33,80 destek seviyesinden işlem görerek yukarı yönlü hareketlerde 33,92 ve 34,00 direnç seviyelerine doğru bir eğilim gösteriyor. RSI göstergesi 40,88 seviyesinde ve nötr bir görünüm sergiliyor. Son bir gün içerisinde yüzde 0,00 değişim kaydedilen paritede, güncel fiyat 33,97 olarak ölçülüyor. Bu fiyat seviyeleri arasında paritenin hareketine dikkat edilmesi gerektiği söylenebilir. Destek:33.88 - 33.8 - 33.71 - Direnç:34.05 - 34.12 - 34.17 -
The GBP/USD pair is under the influence of the stubbornness in core inflation and the recovery trend in the Dollar Index as the CPI data from the US aligned with expectations. While expectations for a rate cut in the US are strengthening, speculation that the ECB might take a similar step is creating volatility in the pairs. The recovery shown by the Dollar Index from the 100.35 level is placing short-term pressure on GBP/USD. The medium-term negative trend is noted to be supported at the 102.00 level. From a technical perspective, the GBP/USD pair is positioned at 1.3013 on the 4- hour chart. Levels of 1.3048 and 1.3103 are monitored as resistance, while 1.3010 emerges as a support area. The RSI indicator is at 40.48, displaying a negative outlook. The pair is trading with a slight drop compared to the previous day. The pressure on the current levels may push towards the 1.2900 support, but maintaining below the 1.3030 level indicates that this pressure could continue. Support:1.303 - 1.299 - 1.2945 - Resistance:1.3091 - 1.3135 - 1.318 -
GBP/USD paritesi, ABD'den gelen TÜFE verilerinin beklentilere uygun gerçekleşmesiyle birlikte, çekirdek enflasyondaki katılık ve Dolar Endeksi'ndeki toparlanma eğiliminin etkisi altında. ABD'de faiz indirimi beklentileri kuvvetlenirken, ECB'nin de benzer bir adım atacağına dair spekülasyonlar, paritelerde volatilite yaratıyor. Dolar Endeksi'nin 100,35 seviyesinden gösterdiği toparlanma, GBP/USD üzerinde kısa vadeli baskı oluşturuyor. Orta vadeli negatif trendin ise 102,00 seviyesi ile desteklendiği belirtiliyor. Teknik açıdan bakıldığında, GBP/USD paritesi 4 saatlik grafikte 1,3013 seviyesinde bulunuyor. 1,3048 ve 1,3103 seviyeleri direnç olarak izlenirken, 1,3010 seviyesi destek bölgesi olarak ön plana çıkıyor. RSI göstergesi 40,48 seviyesinde ve negatif bir görünüm sergiliyor. Parite, önceki güne göre küçük bir düşüşle işlem görüyor. Mevcut seviyelerdeki baskı 1,2900 desteğine doğru sürebilir, ancak 1,3030 seviyesinin altında kalıcılık bu baskının devam edebileceğini işaret ediyor. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.3091 - 1.3135 - 1.318 -
The EUR/USD pair continues to shape in line with the interest rate decision expectations of the US and European Central Banks. In the US, as annual inflation data falls in line with expectations, the high level of Core CPI has increased the expectations for a rate cut by the Fed. The European Central Bank is expected to cut rates by 25 basis points. These developments are critically important in determining the short-term course of the pair. A partial recovery in the Dollar Index poses a pressure factor on the EUR/USD. In technical analysis, it is observed that the EUR/USD pair has dropped below the 55 and 200-period moving averages in the 1.1017 to 1.1057 zone on the 4- hour chart. This indicates a negative outlook for the pair. Testing the 1.1017 support level could signal a continuation of the downward movement. On upward movements, the 1.1055 and 1.1069 levels are monitored as resistance. The RSI indicator is at 39.51, exhibiting a negative outlook. On a daily basis, there is a 0.01% change in the pair, and the current price is at 1.1017. Support:1.099 - 1.094 - 1.09 Resistance:1.1057 - 1.11 - 1.1145
EUR/USD paritesi, ABD ve Avrupa Merkez Bankaları'nın faiz kararı beklentileri doğrultusunda şekillenmeye devam ediyor. ABD'de beklenti doğrultusunda yıllık enflasyon verileri düşerken, Çekirdek TÜFE’nin yüksek kalması nedeniyle bu durum Fed'in faiz indirimine yönelik beklentileri artırdı. Avrupa Merkez Bankası'nın ise 25 baz puanlık faiz indirimi yapması bekleniyor. Bu gelişmeler, paritenin kısa vadeli seyrini belirlemede kritik önem taşıyor. Dolar Endeksi'ndeki kısmi toparlanma ise EUR/USD üzerinde baskı unsuru oluşturuyor. Teknik analizde, EUR/USD paritesinin 4 saatlik grafikte 1.1017 ile 1.1057 bölgesindeki 55 ve 200 periyotluk hareketli ortalamaların altına sarktığı gözlemleniyor. Bu durum, paritede negatif bir görüntünün oluştuğuna işaret ediyor. Paritenin 1.1017 destek seviyesini test etmesi, aşağı yönlü hareketin devam edebileceğinin sinyali olabilir. Yukarı yönlü hareketlerde ise 1.1055 ve 1.1069 seviyeleri direnç olarak takip ediliyor. RSI göstergesi 39.51 seviyesinde olup negatif bir görünüm sergiliyor. Günlük bazda paritede %0.01 değişim görülmekte ve güncel fiyat 1.1017 seviyesindedir. Destek:1.099 - 1.094 - 1.09 - Direnç:1.1057 - 1.11 - 1.1145
U.S. natural gas futures are attempting to maintain their gains following a lower-than-expected inventory increase announced by the U.S. Energy Information Administration and the threat of a hurricane in the Gulf of Mexico. These developments are affecting market pricing due to their impact on supply constraints and demand expectations. Developments in European and U.S. markets during the day could also influence prices. In the chart, trading is observed on a 1-hour time frame. The 2.290 level is a significant support position for natural gas prices. On the upside, the 2.380 and 2.410 levels can be monitored as resistance. The RSI indicator is at 66, showing a positive outlook. The change compared to the previous day indicates an undecided situation at 0.00%. The current price is trading at the 2.289 level. Support:2.335 - 2.29 - 2.25 - Resistance:2.38 - 2.41 - 2.44 - ABD doğal gaz vadeli işlemleri, ABD Enerji Bilgi Dairesi’nin stoklarda beklenenin altında artış açıklaması sonrasında ve Meksika Körfezi’ndeki kasırga tehdidi nedeniyle kazanımlarını korumaya çalışıyor. Bu gelişmeler, piyasada arz kısıtları ve talep beklentileri üzerindeki etkileri dolayısıyla fiyatlamaları etkiliyor. Gün içinde Avrupa ve ABD borsalarındaki gelişmeler de fiyatlar üzerinde etkili olabilir. Grafikte 1 saatlik zaman diliminde işlem görüldüğü gözüküyor. Doğal gaz fiyatları için 2,290 seviyesi önemli bir destek konumunda bulunuyor. Yukarı yönde sırasıyla 2,380 ve 2,410 seviyeleri direnç olarak izlenebilir. RSI göstergesi 66 seviyesinde ve pozitif bir görünüm sergiliyor. Önceki güne göre değişim ise %0,00 ile kararsız bir durumu işaret ediyor. Güncel fiyat 2,289 seviyesinde işlem görüyor. Destek:2.335 - 2.29 - 2.25 - Direnç:2.38 - 2.41 - 2.44 -
DAXEUR is completing the week under the shadow of critical developments in global markets. While an optimistic weekly performance is observed on the US and European fronts, attention is turning more towards pricing behavior ahead of next week's Fed meeting. In this context, the Industrial Production data from the Eurozone and the Michigan Consumer Sentiment data from the US may determine the trend of the markets' sideways movement. The DAX 40 index is preparing to close the week with a positive performance of over 1%. Technically, the 18490 – 18560 region is being monitored as a significant threshold, and if sustained movements are seen above the 18620 level, the 19013 level may be back on the agenda. On the 1-hour chart, the DAX 40 index continues to fluctuate between the 18490 and 18620 levels. The levels of 18449 and 18432 are significant as support. The RSI indicator is at the 57.67 level and shows a neutral outlook. The index experienced a depreciation of 0.05% compared to the previous day. The current price is hovering at the 18585.7 level. If the horizontal resistance is not overcome, a pullback may occur. Support:18560 - 18490 - 18420 - Resistance:18620 - 18700 - 18760
DAXEUR, küresel piyasalarda kritik gelişmelerin gölgesinde haftayı tamamlıyor. ABD ve Avrupa cephesinde iyimser bir haftalık performans gözlenmekle birlikte, gözler gelecek haftaki Fed toplantısıyla daha fazla fiyatlama davranışına çevrilmiş durumda. Bu bağlamda, Euro Bölgesinden gelen Sanayi Üretimi ve ABD'den gelen Michigan Tüketici Hissiyatı verileri, piyasalardaki yatay seyrin eğilimini belirleyebilir. DAX 40 endeksi ise haftayı %1'in üzerinde pozitif performansla kapatmaya hazırlanıyor. Teknik açıdan, 18490 – 18560 bölgesi önemli bir eşik olarak izlenirken, 18620 seviyesinin üzerinde kalıcı hareketler görülmesi durumunda 19013 seviyesi tekrar gündeme gelebilir. 1 saatlik grafik üzerinde, DAX 40 endeksi 18490 ve 18620 seviyeleri arasında dalgalanma göstermeye devam ediyor. Destek olarak 18449 ve 18432 seviyeleri önemli. RSI göstergesi 57.67 seviyesinde bulunmakta ve nötr bir görünüm sergiliyor. Endeks bir önceki güne göre %0.05 oranında değer kaybı yaşadı. Güncel fiyat 18585.7 seviyesinde seyretmekte. Yatay direncin aşılamaması durumunda, bir geri çekilme yaşanabilir. Destek:18560 - 18490 - 18420 - Direnç:18620 - 18700 - 18760
Brent crude oil's gains throughout the week are noteworthy as the hurricane in the Gulf of Mexico threatens production. While the Asian session is currently flat, the trend in European and US markets can be monitored throughout the day. As long as prices remain above the 71.00 – 71.50 support levels, the upward outlook may remain strong. In the event of a possible rise, the resistance levels of 73.00 and 73.50 can be targeted. However, if the price falls below the 71.00 level and closes below this region on a 4-hour basis, there could be a potential pullback to the levels of 70.50 and 70.00. On the chart, in the 1-hour time frame, Brent crude oil continues its upward trend with a positive outlook. The 71.87 support level and the 72.65 and 73.17 resistance levels can be monitored. The RSI indicator is at 61.89, indicating a neutral trend in the market. Brent crude oil has shown a change of 0.01% compared to the previous day and is currently trading at 71.98 dollars. Support:71.5 - 71 - 70.5 - Resistance:73 - 73.5 - 74 -
Brent petrolde Meksika Körfezi'ndeki kasırganın üretimi tehdit etmesi sonucu hafta boyunca kazanımların artması dikkat çekiyor. Asya seansı şu an yatay seyrederken, Avrupa ve ABD borsalarının seyri gün içinde izlenebilir. Fiyatlamalar 71,00 – 71,50 destek seviyeleri üzerinde kaldığı sürece yukarı yönlü görünüm güçlü kalabilir. Olası yükseliş durumunda 73,00 ve 73,50 direnç seviyeleri hedeflenebilir. Ancak fiyat 71,00 seviyesinin altına iner ve bu bölgedeki 4 saatlik kapanışlar gerçekleşirse, 70,50 ve 70,00 seviyelerine doğru geri çekilme potansiyeli oluşabilir. Grafikte 1 saatlik zaman diliminde Brent petrol, pozitif bir görünümle yükseliş trendini sürdürüyor. 71,87 destek seviyesi, 72,65 ve 73,17 direnç seviyeleri olarak izlenebilir. RSI göstergesi 61,89 seviyesinde yer almakta olup, piyasada nötr bir eğilim mevcuttur. Brent petrol, bir önceki güne göre %0,01 oranında değişiklik göstermiş durumdadır ve güncel olarak 71,98 dolar seviyesinden işlem görüyor. Destek:71.5 - 71 - 70.5 - Direnç:73 - 73.5 - 74 -
The NASDAQ 100 index finds support despite the U.S. Producer Price Index (PPI) data coming slightly above expectations, due to downward revisions of previous data and the 10-year treasury yield dropping to 3.65%. These developments pave the way for recoveries in the S&P 500 index, with major tech companies like Nvidia, Broadcom, Meta, Amazon, and Alphabet playing a leading role in the index's recovery. Throughout the day, data such as the University of Michigan consumer sentiment and the 12-month inflation expectation could also influence the index's direction. The NASDAQ 100 index is trading above the region supported by the indicated technical indicators, and the general trend is upward. Technically, on the 1-hour chart, the NASDAQ 100 is trading above the 19155 – 19300 support zone. Remaining above these levels could allow prices to move toward the 19500 and 19600 resistance levels. In a downside scenario, if the index falls below this critical support zone, a decline toward the 18975 and 18850 support levels may be observed. The RSI indicator is at 66.87, showing positive momentum. The daily change percentage remains stable around 0.01%. The current price is at the 19428 dollar level. Support:19155 - 18850 - 18750 - Resistance:19400 - 19500 - 19600
NASDAQ 100 endeksi, ABD'deki Üretici Fiyat Endeksi (ÜFE) verilerinin beklentilerin hafif üstünde gelmesine rağmen, önceki verilere yapılan aşağı yönlü revizyonlar ve 10 yıllık hazine getirisinin %3,65'e düşmesiyle destek buluyor. Bu gelişmeler, S&P 500 endeksinde toparlanmaların önünü açarken, endeksin toparlanmasında Nvidia, Broadcom, Meta, Amazon ve Alphabet gibi büyük teknoloji şirketleri öncü rol oynadı. Gün içerisinde Michigan Üniversitesi tüketici hissiyatı ve 12 aylık enflasyon beklentisi gibi veriler de endeksin yönü üzerinde etkili olabilir. NASDAQ 100 endeksi belirtilen teknik göstergelerin desteklediği bölge üzerinde işlem görüyor ve genel eğilim yukarı yönlü. Teknik açıdan, NASDAQ 100 1 saatlik grafikte 19155 – 19300 destek bölgesi üzerinde işlem görüyor. Bu seviyelerin üzerinde kalıcılık, fiyatların 19500 ve 19600 direnç seviyelerine doğru hareket etmesine imkan sağlayabilir. Düşüş senaryosunda, endeksin bu kritik destek bölgesinin altına inmesi durumunda 18975 ve 18850 destek seviyelerine doğru bir gerileme gözlenebilir. RSI göstergesi 66.87 seviyesinde olup pozitif bir ivme sergiliyor. Günlük değişim yüzdesi de %0.01 civarında sabit kalmış durumda. Güncel fiyat ise 19428 dolar seviyesinde bulunuyor. Destek:19155 - 18850 - 18750 - Direnç:19400 - 19500 - 19600
Oil prices increased their gains throughout the week due to a hurricane threatening production in the Gulf of Mexico. While Asian trading remained flat, the trajectory of European and US markets could be significant. In the upcoming period, as long as pricing remains above the 68.00 – 68.50 support, the upward trend could be strong. In this case, the levels of 70.00 and 70.50 could be monitored as targets. However, for declines to continue, four-hour closures below the 68.00 level are necessary, in which case the levels of 67.50 and 67.00 might come into play. When examining the WTIUSD pair on an hourly chart, it is observed that prices are facing resistance at the 70.00 level. In upward movements, the pair aims to close above this level. In downward movements, the 68.53 area provides significant support. The RSI indicator is at 64 and presents a positive outlook, indicating that the upward movement might continue. Compared to the previous day, there has been a 0.20% decrease, and the current price stands at 69.57. Support:68.5 - 68 - 67.5 - Resistance:70 - 70.5 - 71 -
Petrol fiyatları, Meksika Körfezi'nde üretimi tehdit eden kasırga nedeniyle hafta boyunca kazanımlarını artırdı. Asya seansında yatay seyir devam ederken, Avrupa ve ABD borsalarının seyri önemli olabilir. Önümüzdeki dönemde, fiyatlama 68,00 – 68,50 desteği üzerinde kaldığı sürece yukarı yönlü eğilim kuvvetli olabilir. Bu durumda 70,00 ve 70,50 seviyeleri hedef olarak izlenebilir. Ancak düşüşlerin devamı için 68,00 seviyesinin altında 4 saatlik kapanışlar gerekmekte ve bu durumda 67,50 ve 67,00 seviyeleri gündeme gelebilir. WTIUSD paritesi bir saatlik grafikte incelendiğinde, fiyatların 70,00 seviyesinde dirençle karşılaştığı görülüyor. Parite, yukarı yönlü hareketlerde bu seviyenin üzerinde kapanış yapmayı hedefliyor. Aşağı yönlü hareketlerde ise 68,53 bölgesi önemli bir destek sağlıyor. RSI göstergesi 64 seviyesinde ve pozitif bir görünümde, bu da yukarı yönlü hareketin devam edebileceğine işaret ediyor. Önceki güne göre %0,20 oranında bir düşüş gözlemlenmiştir ve güncel fiyat 69,57 seviyesinde bulunuyor. Destek:68.5 - 68 - 67.5 - Direnç:70 - 70.5 - 71 -
Following the ECB's monetary policy statement, a 25-basis-point rate cut occurred, leading to a weakening of the Dollar index. Despite the producer price index (PPI) data being announced above expectations, the downward revision of previous data deepened the losses in the Dollar index. In this context, spot gold recorded a new record level around 2570. Throughout the day, the University of Michigan consumer sentiment and 12-month inflation expectations could influence the movement in precious metals. Spot gold is trading above the levels supported by short-term indicators. On the hourly chart, gold is observed to be trading at the 2560.59 level, maintaining its course above the 2530 – 2540 region. In upward movements, the resistance levels of 2570 and 2580 are important. In potential pullbacks, the 2520 and 2510 support levels can be monitored. The RSI indicator is at the 78.12 level, showing a positive outlook in the overbought zone. There has been a 0.08% increase compared to the previous day. The current price is at 2560.59, indicating that the positive momentum is still effective. Support:2560 - 2550 - 2540 - Resistance:2570 - 2580 - 2590 -
ECB'nin para politikası beyanatı sonrası 25 baz puanlık bir faiz indirimi gerçekleşti ve bu durum Dolar endeksinde zayıflamaya neden oldu. ÜFE verilerinin beklentilerin üstünde açıklanmasına rağmen, önceki verilere yapılan aşağı yönlü revizyon, Dolar endeksindeki kaybı derinleştirdi. Bu bağlamda, ons altın yeni bir rekor seviyeyi 2570 civarında kaydetti. Gün içinde Michigan Üniversitesi tüketici hissiyatı ve 12 aylık enflasyon beklentisi değerli metal hareketliliğini etkileyebilir. Ons altın, kısa vadeli izlenen göstergelerin desteklediği seviyelerin üzerinde işlem görüyor. Saatlik grafikte, altının 2560.59 seviyesinde işlem gördüğü ve 2530 – 2540 bölgesi üzerinde seyrini sürdürdüğü izlenmektedir. Yukarı yönlü hareketlerde 2570 ve 2580 direnç seviyeleri önemlidir. Olası geri çekilmelerde ise 2520 ve 2510 destek seviyeleri takip edilebilir. RSI göstergesi 78.12 seviyesinde ve aşırı alım bölgesinde pozitif bir görünüm sergiliyor. Önceki güne göre %0.08'lik bir artış yaşanmıştır. Güncel fiyat ise 2560.59 seviyesindedir, bu da pozitif momentumun hala etkili olduğunu göstermektedir. Destek:2560 - 2550 - 2540 - Direnç:2570 - 2580 - 2590 -
The USD/TRY pair is shaped by the movements of currencies from developing countries against the US Dollar. As uncertainty regarding the Turkish economy and pressure on the Turkish Lira continue, the USD/TRY pair is trading at 33.93 today. While the Chilean Peso exhibits a low performance, the value gain of the Peruvian Sol draws attention, and the weak position of the Turkish Lira persists. As long as USD/TRY stays above the 33.80 level, it can maintain its positive outlook and potentially expand its movement towards the resistance levels of 33.97 and 34.12. When examining the USD/TRY pair on a 4-hour chart, the 33.80 level is observed as support, and 33.97 as resistance. Other resistance levels are identified as 34.05 and 34.12. The RSI indicator is at 45 and shows a neutral trend. The pair's change in the last 24 hours has been recorded as a positive 0.25%. The current price is at the 33.93 level. Support:33.88 - 33.8 - 33.71 - Resistance:33.97 - 34.05 - 34.12 -
USD/TRY paritesi, gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısındaki hareketleriyle şekilleniyor. Türkiye ekonomisine dair belirsizlik ve TL üzerindeki baskı devam ederken, USD/TRY paritesi gün itibariyle 33,93 seviyesinde işlem görüyor. Düşük performans gösteren Şili Pesosuna karşı Peru Solu'ndaki değer kazanımı dikkat çekerken, TL'nin zayıf konumu devam ediyor. USD/TRY 33,80 seviyesi üzerinde kaldığı müddetçe pozitif görünümünü koruyabilir ve 33,97 ile 34,12 direnç seviyelerine doğru hareket alanını genişletebilir. Grafik üzerinde USD/TRY paritesi 4 saatlik zaman diliminde incelendiğinde, 33,80 seviyesi destek, 33,97 seviyesi ise direnç olarak izleniyor. Diğer direnç seviyeleri 34,05 ve 34,12 olarak belirlenmiştir. RSI göstergesi 45 seviyesinde ve nötr bir eğilim sergilemekte. Paritenin son 24 saatlik değişimi pozitif yönde %0,25 olarak kaydedilmiştir. Güncel fiyat 33,93 seviyesinde bulunmaktadır. Destek:33.88 - 33.8 - 33.71 - Direnç:33.97 - 34.05 - 34.12 -
The GBP/USD pair is finishing the week, leaving behind the debate between Harris and Trump, U.S. CPI data, and the European Central Bank's interest rate decisions. The Fed meeting, closely watched by the world, will be a significant turning point next week. While a 25 basis point rate cut is anticipated at this meeting, there is debate as to whether a further cut will occur towards the end of the year. Industrial production data from the Eurozone and the U.S. Michigan Consumer Sentiment data are among the day's monitored figures. From a technical analysis perspective, when the GBP/USD is examined on a 4-hour chart, it is trading at the 1.3144 level. The pair has potential for upward movement towards the 1.3265 level. The levels of 1.3092 and 1.303 stand out as key support zones to watch. The RSI indicator is at 62.14 and maintains a positive outlook, showing an increase of around 0.2% compared to the previous day. These levels will be critical in evaluating upward momentum for the pair. Support:1.3092 - 1.303 - 1.299 - Resistance:1.318 - 1.322 - 1.3265 -
GBP/USD paritesi, Harris ve Trump arasındaki tartışma, ABD TÜFE verileri ve Avrupa Merkez Bankası'nın faiz kararlarını geride bırakarak haftayı tamamlamaktadır. Dünyanın dikkatle izlediği Fed toplantısı önümüzdeki hafta önemli bir dönüm noktası olacak. Bu toplantıda 25 baz puan faiz indirimi beklentisi öne çıkarken, daha fazla bir indirimin yıl sonuna doğru gerçekleşip gerçekleşmeyeceği tartışılmaktadır. Euro Bölgesi'nden gelen sanayi üretimi ve ABD'den Michigan Tüketici Hissiyatı verisi, günün takip edilen verileri arasında yer alıyor. Teknik analiz açısından GBP/USD, 4 saatlik grafikte incelendiğinde, 1.3144 seviyesinde işlem görüyor. Parite, yukarı yönlü hareketlerde 1.3265 seviyesine doğru potansiyel bir hareket alanına sahiptir. 1.3092 ve 1.3003 seviyeleri izlenmesi gereken destek bölgeleri olarak öne çıkıyor. RSI göstergesi 62.14 seviyesinde ve pozitif bir görünüme sahiptir. Önceki güne göre yüzde 0.2 civarında bir artış göstermektedir. Bu seviyeler, parite için yukarı yönlü momentumu değerlendirme açısından kritik olacaktır. Destek:1.3092 - 1.303 - 1.299 - Direnç:1.318 - 1.322 - 1.3265 -
The EURUSD pair has shifted the market's attention to the Fed meeting on September 18, after recent significant developments such as the HarrisTrump TV debate, US CPI, and ECB interest rate decisions. While a 25 basis point rate cut is expected at this meeting, speculations about a possible 50 basis point cut continue. Interest rate decisions, economic projections, and Fed Chairman Powell's messages will be critical for global market pricing next week. On the other hand, Eurozone industrial production and US Michigan Consumer Sentiment data may also affect the pair's short-term movement. Technically, examining the 4-hour chart, the EURUSD pair is priced at the 10805 level. The pair is trying to test the resistance area at the 1.1057 level, while 1.099 and 1.094 levels are monitored as support in downward movements. The RSI indicator is at 62.95, showing a positive trend. However, the -0.01% change compared to the previous day indicates a slight pause in the short term. The current price is moving close to the support and resistance levels of the technical indicators, and these levels observed in the charts need to be monitored for the pair's future movements. Support:1.099 - 1.094 - 1.09 - Resistance:1.1057 - 1.11 - 1.1145 -
EURUSD paritesi, son dönemde Harris – Trump TV tartışması, ABD TÜFE ve ECB faiz kararları gibi önemli gelişmeleri geride bırakarak piyasaların dikkatini 18 Eylül’deki Fed toplantısına çevirmiş durumda. Bu toplantıda 25 baz puanlık faiz indirimi beklenirken, toplantıdan çıkacak olası 50 baz puanlık indirim konusunda spekülasyonlar da sürüyor. Faiz kararları, ekonomik projeksiyonlar ve Fed Başkanı Powell’ın mesajları önümüzdeki hafta küresel piyasalardaki fiyatlamalar için kritik olacak. Diğer yandan Euro Bölgesi sanayi üretimi ve ABD Michigan Tüketici Hissiyatı verileri de paritenin kısa vadeli hareketine etki edebilir. Teknik olarak 4 saatlik grafik incelendiğinde, EURUSD paritesi 1,0805 seviyesinde fiyatlanıyor. Parite, 1,1057 seviyesindeki direnç bölgesini test etmeye çalışırken, aşağı yönlü hareketlerde 1,099 ve 1,094 seviyeleri destek olarak izleniyor. RSI göstergesi 62.95 seviyesinde olup pozitif bir eğilim sergiliyor. Ancak önceki güne göre değişim yüzde -0.01, bu da paritenin kısa vadede hafif bir duraksama yaşadığını gösteriyor. Güncel fiyat, teknik göstergelerin destek ve direnç seviyelerine yakın seyrediyor ve grafiklerde gözlemlenen bu seviyeler parçanın gelecekteki hareketleri için takip edilmeyi gerektiriyor. Destek:1.099 - 1.094 - 1.09 - Direnç:1.1057 - 1.11 - 1.1145 -
Natural gas futures in the US began the new week with a decline following last week's upward trend. Market participants may focus on the course of European and US stocks. As long as price movements remain above the 2.215 – 2.250 support level, the upward outlook can be maintained. However, in a potential downturn scenario, movements below this support level and fourhour closures could bring the 2.180 and 2.140 levels into focus. Positive economic signals from the US and the decline in 10-year bond yields could influence the direction of the market. In the hourly time frame for NGCUSD, it is observed that the price has pulled back from the 2.233 resistance level. The first support levels in downward movements can be tracked as 2.206 and 2.154. The RSI indicator is at the level of 33.38, nearing the oversold zone, which may indicate a potential short-term recovery. There is a 0.18% decline compared to the previous day. The current price is at the level of 2.206. Support:2.25 - 2.18 - 2.14 - Resistance:2.29 - 2.335 - 2.38 -
ABD doğal gaz vadeli işlemleri, geçtiğimiz haftaki yükseliş trendinin ardından yeni haftaya düşüşle başladı. Piyasa katılımcıları, Avrupa ve ABD borsalarının seyrine odaklanabilir. Fiyat hareketlerinin 2,215 – 2,250 destek seviyesi üzerinde kaldığı sürece, yukarı yönlü görünüm korunabilir. Ancak olası bir düşüş senaryosunda bu destek seviyesinin altındaki seyir ve dört saatlik kapanışlar, 2,180 ve 2,140 seviyelerini gündeme getirebilir. ABD tarafından gelen pozitif ekonomik sinyaller ve 10 yıllık tahvil getirilerindeki düşüş, piyasanın yönü üzerinde etkili olabilecektir. NGCUSD için saatlik zaman diliminde, fiyatın 2,233 direnç seviyesinden geri çekildiği görülüyor. Aşağı yönlü hareketlerde ilk destek seviyeleri 2,206 ve 2,154 olarak izlenebilir. RSI göstergesi 33,38 seviyesinde, aşırı satım bölgesine yaklaşmış olması kısa vadede bir toparlanma olasılığına işaret edebilir. Bir önceki güne göre %0,18 oranında bir düşüş mevcut. Güncel fiyat 2,206 seviyesindedir. Destek:2.25 - 2.18 - 2.14 - Direnç:2.29 - 2.335 - 2.38 -
In the DAX/EUR pair, the focus this week is on important economic data to be released and the decisions to be made by major central banks. Global markets are shaping their strategies around expectations of an interest rate cut from the U.S. Federal Reserve, in particular. Leading up to the Fed meeting, there is a notable discussion in the market concerning the possibility of a rate cut, and whether a step with a strong stance will be taken in this direction is awaited with great curiosity. Additionally, decisions from other major central banks such as the BoE and BoJ are also being closely monitored. Technically, on the hourly chart, the DAX/EUR pair is trading above the 50 and 100-period moving averages, indicating potential for an upward trend. The 19033 level stands out as a significant resistance point, and movements above this level could lead to following the 19125 level. In downward movements, the 18554 and 18551 levels are observed as support. The RSI indicator is at level 62, presenting a slightly positive outlook. The price of the pair is at 18717, a 0.07% decrease compared to the previous day. Support:18825 - 18760 - 18620 - Resistance:18950 - 19033 - 19125 -
DAX/EUR paritesinde dikkatler, bu hafta açıklanacak önemli ekonomik verilerde ve majör merkez bankalarının alacağı kararlarında. Küresel piyasalar, özellikle ABD Merkez Bankası Fed'den gelecek faiz indirimi beklentileriyle stratejilerini şekillendiriyor. Fed'in toplantısı öncesinde, faiz indirimi olasılığı piyasada belirgin bir şekilde tartışılıyor ve güçlü bir tutum ile bu yönde bir adım atılıp atılmayacağı büyük bir merak konusu olarak bekleniyor. Ayrıca, diğer büyük merkez bankalarından BoE ve BoJ kararları da yakından izleniyor. Teknik olarak saatlik grafikte DAX/EUR paritesi, 50 ve 100 periyotluk hareketli ortalamaların üzerinde seyrederken, bu durum yükseliş potansiyeline işaret ediyor. 19033 seviyesi önemli bir direnç noktası olarak öne çıkıyor ve bu seviyenin üzerindeki hareketlerde 19125 seviyesi takip edilebilir. Aşağı yönlü hareketlerde ise 18554 ve 18551 seviyeleri destek olarak gözlemleniyor. RSI göstergesi 62 seviyesinde olup, hafif pozitif bir görünüm sergiliyor. Paritede fiyat, bir önceki güne göre %0,07’lik bir düşüşle 18717 seviyesindedir. Destek:18825 - 18760 - 18620 - Direnç:18950 - 19033 - 19125
The NASDAQ100 index started last week with strength, driven by expectations of the Fed's interest rate policy and the decline in the US 10-year bond yield. According to CME data, the likelihood of a 50 basis point rate cut is increasing. This situation is boosting interest in the tech-heavy NASDAQ100 index. At the same time, signs of weakness in China's economy could affect risk appetite across global markets. This week, besides the Fed, decisions by central banks in Japan and the UK are among important developments to watch. According to the technical outlook on the chart, the NASDAQ100 index is being analyzed on an hourly timeframe. The index is moving above the support of the 21-period exponential moving average at 19367. Current support areas are at levels 19206 and 19121, while resistance levels are around 19500 and 19800. The RSI indicator is at 59.12, indicating a positive market outlook. The index has been observed to have fallen by approximately 0.05% compared to the previous day. The NASDAQ100 index, trading at 19501 at the moment, is maintaining a short-term upward trend. Support:19600 - 19500 - 19155 - Resistance:19800 - 19900 -20000 -
NASDAQ100 endeksi, Fed’in faiz politikası beklentileriyle ve ABD 10 yıllık tahvil getirisindeki düşüşle geçen hafta güç kazanarak başladı. CME verilerine göre, 50 baz puanlık faiz indirimi olasılığı artış gösteriyor. Bu durum, teknoloji ağırlıklı NASDAQ100 endeksine olan ilgiyi artırıyor. Aynı zamanda, özellikle Çin ekonomisindeki zayıflık belirtileri, global piyasa genelindeki risk iştahını etkileyebilir. Bu hafta Fed'in yanı sıra, Japonya ve İngiltere'de de merkez bankalarının kararları izlenecek önemli gelişmeler arasında yer alıyor. Grafikteki teknik görünüme göre, NASDAQ100 endeksi 1 saatlik zaman diliminde inceleniyor. Endeks 19367'daki 21 periyotluk üstel hareketli ortalamanın desteğinin üzerinde hareket ediyor. Mevcut destek bölgeleri 19206 ve 19121 seviyelerinde yer alırken, direnç seviyeleri ise 19500 ve 19800 civarında bulunuyor. RSI göstergesi 59.12 seviyesinde ve piyasanın pozitif bir görünüm sergilediğini gösteriyor. Önceki güne göre endeksin yaklaşık %0.05 gerilediği gözlemleniyor. Anlık olarak 19501 seviyesinden işlem gören NASDAQ100 endeksinde kısa vadeli yükseliş eğilimi sürüyor. Destek:19600 - 19500 - 19155 - Direnç:19800 - 19900 - 20000 -
Crude oil futures started the new week with a slight pullback after last week's rally. This situation is due to weak demand expectations despite production issues in Libya. Particularly, weaknesses in the Chinese economy are exerting pressure on the demand side. In the upcoming period, if oil prices remain below the 72.00 – 72.50 resistance, it could increase the downward pressure. In this context, retracements in pricing may see declines down to the 71.00 and 70.50 levels. From a technical analysis perspective, Brent crude oil is trading near the 71.46 support level after testing the 72.48 resistance level on the hourly chart. The RSI indicator stands at 39.31, displaying a negative outlook, indicating that the current downward movement might continue. The price has retreated by 0.04% compared to the previous day. The current price is trading at the 71.461 level. Support:71 - 70.5 - 70 - Resistance:72 - 72.5 - 73 -
Petrol vadeli işlemleri, geçtiğimiz hafta yaşanan yükselişin ardından yeni haftaya hafif bir geri çekilme ile başladı. Bu durum, Libya'daki üretim sorunlarına rağmen zayıf talep beklentilerinden kaynaklanıyor. Özellikle Çin ekonomisine dair zayıflıklar, talep tarafında baskı yaratmakta. Önümüzdeki dönemde, petrol fiyatlarının 72,00 – 72,50 direnci altında kalması, aşağı yönlü baskının artmasına neden olabilir. Bu bağlamda, fiyatlamalarda oluşabilecek gerilemelerde 71,00 ve 70,50 seviyelerine kadar düşüşler takip edilebilir. Teknik analiz açısından Brent Ham Petrol, saatlik grafikte 72,48 direnç seviyesini test etmesinin ardından 71,46 destek seviyesine yakın bir bölgede işlem görüyor. RSI göstergesi 39,31 seviyesinde, negatif bir görünüm sergiliyor, bu da mevcut aşağı yönlü hareketin devam edebileceğine işaret ediyor. Fiyat, önceki güne göre %0,04 oranında gerilemiş bulunmakta. Güncel fiyat ise 71,461 seviyesinde işlem görüyor. Destek:71 - 70.5 - 70 - Direnç:72 - 72.5 - 73 -
WTI crude oil started the new week with a decline after ending the previous week on an upward trend, despite production issues in Libya, due to weak demand expectations. While signals of a slowdown in the Chinese economy create a negative orientation in the markets, the course of European and U.S. stock markets is closely monitored. As long as pricing stays below the resistance levels of 68.50 – 69.00, it is anticipated that oil prices may continue to remain under downward pressure. In possible declines, levels of 67.50 and 67.00 may be considered, whereas in recovery movements, closures above 69.00 will be important. The chart is on an hourly time frame, and oil prices are trading at the 68.70 level. In the current price trend, levels of 69.62 and 69.85 can be monitored as resistance points. In the continuation of the downward trend, support levels of 68.55 and 67.95 can be targeted. The RSI indicator is at 40.58 and the market exhibits a slightly negative trend. In the current scenario, WTI crude oil showed nearly a flat change compared to the previous day, recording a 0.05% decline. Support:67.5 - 67 - 66.5 - Resistance:68.5 - 69 - 69.5 -
WTI ham petrol, geçtiğimiz haftayı yükselişle tamamlamasının ardından yeni haftaya Libya'daki üretim sorunlarına rağmen talep beklentilerinin zayıflığı nedeniyle düşüşle başladı. Çin ekonomisindeki yavaşlama sinyalleri, piyasalarda negatif bir yönelim yaratırken, Avrupa ve ABD borsalarının seyri yakından takip ediliyor. Fiyatlamaların 68,50 – 69,00 direnç seviyelerinin altında kaldığı sürece, petrol fiyatlarının aşağı yönlü baskı altında kalmayı sürdürebileceği öngörülüyor. Olası düşüşlerde 67,50 ve 67,00 seviyeleri dikkate alınabilirken, toparlanma hareketlerinde 69,00’nin üzerindeki kapanışlar önemli olacak. Grafik saatlik zaman diliminde olup, petrol fiyatları 68,70 seviyesinden işlem görüyor. Fiyatın mevcut seyrinde 69,62 ve 69,85 seviyeleri direnç noktası olarak izlenebilir. Aşağı yönlü seyrin devamında ise 68,55 ve 67,95 destek seviyeleri hedeflenebilir. RSI göstergesi 40,58 seviyesinde ve piyasa hafif negatif bir eğilim sergiliyor. Mevcut tabloda, WTI ham petrol önceki güne göre neredeyse yatay bir değişim göstererek %0,05 düşüş kaydetti. Destek:67.5 - 67 - 66.5 - Direnç:67.5 - 67 - 66.5 -
Gold is showing a strong upward movement based on expectations regarding the Fed's interest rate policy. The likelihood of a 50 basis point rate cut by the Fed strengthening, the weakening of the dollar index, and the decline in US 10-year bond yields support the rise of the precious metal. Despite the weakness in the Chinese economy creating mixed movement in the Asian markets, gold can be preferred as a safe haven. During the day, the NY Fed Empire State manufacturing index is expected to have an impact on gold prices. Technically, on the hourly chart, gold is holding above the 2560 – 2570 support zone. As long as it remains above this area, rises towards the 2590 and 2600 resistance levels are possible. The RSI indicator is at 77.70, showing a positive outlook near the overbought zone. In the last 24 hours, gold increased by 0.10% to reach the level of 2588.51. Based on the current price movement, in the event of a possible reversal from the 2560 – 2570 band, the 2550 and 2540 levels can be monitored. Support:2580 - 2570 - 2560 - Resistance:2590 - 2600 - 2610 -
Ons altın, Fed'in faiz politikasına dair beklentilerle güçlü bir yukarı hareket sergiliyor. Fed'in 50 baz puanlık faiz indirimi ihtimalinin güçlenmesi, dolar endeksinin zayıflaması ve ABD 10 yıllık tahvil getirilerinin gerilemesi değerli metalin yükselişini destekliyor. Çin ekonomisindeki zayıflığın Asya piyasalarında karışık bir seyir yaratmasına rağmen, altın güvenli liman olarak tercih edilebilir. Gün içerisinde NY Fed Empire State imalat endeksinin altın fiyatları üzerinde etkili olması beklenebilir. Teknik açıdan saatlik grafikte ons altın 2560 – 2570 destek bölgesi üzerinde tutunmuş durumda. Bu bölgenin üzerinde kalındıkça, 2590 ve 2600 direnç seviyelerine doğru yükselişler mümkün olabilir. RSI göstergesi 77.70 seviyesinde olup aşırı alım bölgesinde pozitife yakın bir görünüm sergiliyor. Son 24 saatte ons altın %0.10 artışla 2588.51 seviyesine ulaşmış durumda. Güncel fiyat hareketine göre, 2560 – 2570 bandından olası bir geri dönüşte 2550 ve 2540 seviyeleri izlenebilir. Destek:2580 - 2570 - 2560 - Direnç:2590 - 2600 - 2610 -
The USD/TRY pair is undergoing a period where the Turkish Lira is showing weakness against other emerging market currencies, as seen in global markets. Among emerging market currencies, the Turkish Lira is performing poorly against the US Dollar. Expectations of an upcoming interest rate cut by the Fed are intensifying the mixed course in the markets, thereby increasing pressure on the TL. It is believed that unless there is strong TL-based news flow, a short-term positive outlook can be maintained for USD/TRY. Technically, USD/TRY is trading near the 33.92 level on the 4-hour chart. The initial support level is the 33.71 – 33.80 range, while resistance levels are set at 33.98 and 34.08. If intraday upward movements surpass the 34.08 level, a rise towards the upper channel point in the 34.42 – 34.52 range can be observed. The RSI indicator is at 49.27 and presents a neutral condition. Compared to the previous day, the USD/TRY pair has shown a 0.00% change. The current price is observed to be 33.96. Support:33.88 - 33.8 - 33.71 - Resistance:33.98 - 34.08 - 34.17 -
USD/TRY paritesi, küresel piyasalarda olduğu gibi Türk Lirası'nın diğer gelişmekte olan ülke para birimleri karşısında zayıflık gösterdiği bir süreçten geçiyor. Gelişmekte olan ülkelerin para birimleri arasında Türk Lirası, ABD Doları karşısında zayıf bir performans sergiliyor. Fed'in yaklaşan faiz indirimine dair beklentilerin piyasalardaki karışık seyrini daha da yoğunlaştırması TL üzerindeki baskıyı artırıyor. TL bazlı güçlü bir haber akışı olmadığı sürece, USD/TRY'de kısa vadeli pozitif görünümün korunabileceği düşünülüyor. Teknik olarak, USD/TRY 4 saatlik grafikte 33,92 seviyesine yakın işlem görüyor. İlk destek seviyesi 33,71 – 33,80 bölgesi iken, direnç seviyeleri 33,98 ve 34,08 olarak belirlenmiş durumda. Gün içi yukarı yönlü hareketlerde 34,08 seviyesinin üzerine çıkılması halinde, 34,42 – 34,52 aralığındaki kanal üst noktasına doğru yükselişin devam edebileceği gözlemlenebilir. RSI göstergesi 49,27 seviyesinde ve nötr bir durum arz ediyor. Önceki güne göre USD/TRY paritesi %0,00 değişim göstermiş durumda. Güncel fiyat ise 33,96 olarak gözlemleniyor. Destek:33.88 - 33.8 - 33.71 - Direnç:33.98 - 34.08 - 34.17 -
The GBPUSD pair started a new week focusing on global economic indicators and central bank decisions. A possible interest rate cut from the US Federal Reserve and the trend in the Dollar Index could significantly affect GBPUSD's short-term movements. The pressure on the Dollar Index has contributed to the pair displaying a positive outlook by rising above the 55 and 89 period averages. If the index falls below the 100.35 level, it is expected that GBPUSD's positive course will continue. Technically, when examining GBPUSD on the 4-hour chart, it is observed that the pair is trading above the moving averages located in the 1.3098 - 1.3109 region. In upward movements, the 1.3180 resistance can be watched as a critical level. If this level is surpassed, it may move towards the 1.3265 peak. In downward movements, the 1.3098 and 1.3050 levels appear as support. The RSI indicator is at 62.53, showing a positive trend. Today, there was a 0.11% increase in the pair, and the current price is at the 1.3154 level. Support:1.3135 - 1.3098 - 1.308 - Resistance:1.318 - 1.322 - 1.3265 - GBPUSD paritesi, yeni bir haftaya küresel ekonomik göstergeler ve merkez bankası kararlarına odaklanarak başladı. ABD Merkez Bankası'ndan gelecek olası faiz indirimi ve Dolar Endeksi'ndeki eğilim, GBPUSD'nin kısa vadeli hareketlerini önemli ölçüde etkileyebilir. Dolar Endeksi üzerindeki baskı, paritenin 55 ve 89 periyotluk ortalamaların üzerine çıkarak pozitif bir görünüm sergilemesine katkı sağladı. Endeksin 100,35 seviyesinin altına düşmesi durumunda, GBPUSD'nin bu olumlu seyrinin devam etmesi beklenebilir. Teknik olarak, GBPUSD 4 saatlik grafikte incelendiğinde, paritenin 1,3098 - 1,3109 bölgesinde bulunan hareketli ortalamaların üzerinde işlem gördüğü görülüyor. Yukarı yönlü hareketlerde 1,3180 direnci kritik bir seviye olarak izlenebilir. Bu seviyenin aşılması durumunda 1,3265 zirvesine doğru hareket edebilir. Aşağı yönlü hareketlerde ise 1,3098 ve 1,3050 seviyeleri destek olarak karşımıza çıkıyor. RSI göstergesi 62,53 seviyesinde bulunuyor ve pozitif bir eğilim gösteriyor. Bugün için paritede %0.11'lik bir artış yaşandı ve güncel fiyat 1,3154 seviyesinde bulunuyor. Destek:1.3135 - 1.3098 - 1.308 - Direnç:1.318 - 1.322 - 1.3265 -
The EUR/USD pair draws attention with expectations regarding the Fed's interest rate policy. This week, economic data from the US and the Fed's interest rate decision could influence the direction of the pair. The Dollar Index (DXY) not falling below the 100.35 support level may create pressure on EUR/USD. However, the pair maintains the potential to move towards the 1.12 and 1.1275 levels by staying above the 55 and 200 period moving averages. Especially surpassing the 1.1100 level could further strengthen upward expectations. On the 4-hour chart, the pair is testing the 1.1064 resistance level, with the 1.1016 and 1.1023 levels below being monitored as support. The RSI indicator is at 63, showing a positive outlook. The EUR/USD pair is priced at 1.1096, showing a 0.00% change compared to the previous day. Movements above this level may bring new resistance tests. Support:1.1064 - 1.1022 - 1.099 - Resistance:1.11 - 1.115 - 1.12 - EUR/USD paritesi, Fed'in faiz politikasına yönelik beklentiler ile dikkat çekiyor. Bu hafta ABD'den gelecek ekonomik veriler ve Fed'in faiz kararı, paritenin yönünü etkileyebilir. Dolar Endeksi'nin (DXY) 100,35 destek seviyesinin altına düşmemesi, EUR/USD üzerinde baskı yaratabilir. Ancak, parite, 55 ve 200 periyotluk hareketli ortalamaların üzerinde kalarak 1,12 ve 1,1275 seviyelerine doğru hareket etme potansiyelini koruyor. Özellikle 1,1100 seviyesinin aşılması, yukarı yönlü beklentileri daha da güçlendirebilir. 4 saatlik grafikte, parite 1,1064 direnç seviyesini test ediyor ve altındaki 1,1016 ve 1,1023 seviyeleri destek olarak izleniyor. RSI göstergesi 63 seviyesinde olup, pozitif bir görünüm sergiliyor. EUR/USD paritesi, önceki güne göre %0,00 değişim göstermeyerek 1,1096 seviyesinde fiyatlanıyor. Bu seviyenin üzerindeki hareketler, yeni direnç testlerini beraberinde getirebilir. Destek:1.1064 - 1.1022 - 1.099 - Direnç:1.11 - 1.115 - 1.12 -
The NGC/USD pair is trading at its highest levels in nearly two months due to disruptions in production caused by the hurricane. Developments in European and US markets can closely affect the price movements of the pair. As long as current pricing remains above the 2.290 – 2.335 support levels, the upward trend is expected to continue. In upward movements, the 2.410 and 2.440 resistance levels can be targeted. However, if declines begin, closings below 2.290 could signal deeper pullbacks; in this case, the 2.250 and 2.215 levels should be monitored. When examining the chart, NGC/USD is trading on an hourly timeframe with the current price at the 2.338 level. The 2.290 and 2.278 levels appear as the nearest support zones, while the resistance levels are at 2.339 and 2.378. The RSI indicator is at 66.25, showing a positive trend. Compared to the previous day, the price change is positive with an increase of 0.19%. Within this analysis framework, the likelihood of upward movements taking precedence on a daily basis can be considered. Support:2.335 - 2.29 - 2.25 - Resistance:2.41 - 2.44 - 2.475 -
NGC/USD paritesi, kasırga nedeni ile üretimde yaşanan kesintilerin etkisiyle yaklaşık iki ayın en yüksek seviyelerinde işlem görüyor. Avrupa ve ABD borsalarındaki gelişmeler paritenin fiyat hareketlerini yakından etkileyebilir. Mevcut durumda fiyatlamalar 2,290 – 2,335 destek seviyeleri üzerinde kaldığı sürece, yukarı yönlü görünümün devam etmesi beklenebilir. Yukarı yönlü hareketlerde 2,410 ve 2,440 direnç seviyeleri hedeflenebilir. Ancak düşüşler başladığında 2,290 altındaki kapanışlar daha derin geri çekilmelerin habercisi olabilir; bu durumda 2,250 ve 2,215 seviyeleri izlenmelidir. Grafik incelendiğinde, NGC/USD saatlik zaman diliminde işlem görmekte ve mevcut fiyat 2,338 seviyesindedir. 2,290 ve 2,278 seviyeleri en yakın destek bölgeleri olarak gözükürken, direnç olarak 2,339 ve 2,378 seviyeleri bulunmaktadır. RSI göstergesi 66,25 seviyesinde ve pozitif bir eğilim göstermektedir. Önceki güne göre fiyat değişimi %0,19 artışla pozitif yöndedir. Bu analiz çerçevesinde, günlük bazda yukarı yönlü hareketlerin ön planda olması olasılığı değerlendirilebilir. Destek:2.335 - 2.29 - 2.25 - Direnç:2.41 - 2.44 - 2.475 -
The DAX 40 index continues to remain a significant focal point in a week where central bank decisions are closely watched. Uncertainties regarding the Fed's interest rate cut policy and particularly the ZEW Economic Sentiment data from Germany are drawing the attention of the markets. Signals of economic recovery in Europe are supporting the upward movement of the DAX 40. Uncertainties in the global economy and changes in central banks' monetary policies may cause fluctuations in the index. In the 1-hour chart time frame, while DAX 40 moves between the 18700 and 18760 levels, it is important to consider the critical support zone at 18593, where the 50-period EMA is located. Resistance levels at 18930, 19033, and 19125 are being monitored upward. The RSI indicator is at 56.90 and shows a slightly positive outlook. It is trading at 18707 with a change of 0.04% compared to the previous day. Support:18825 - 18760 - 18700 - Resistance:18930 - 19033 - 19125
DAX 40 endeksi, merkez bankası kararlarının takip edildiği bir haftada önemli bir odak noktası olarak kalmaya devam ediyor. Fed'in faiz indirimi politikası hakkındaki belirsizlikler ve özellikle Almanya'dan gelecek ZEW Ekonomik Hissiyat verisi, piyasaların dikkatini çekiyor. Avrupa cephesinde yaşanan ekonomik iyileşme sinyalleri, DAX 40'ın yukarı yönlü hareketine destek sağlıyor. Küresel ekonomideki belirsizlikler ve merkez bankalarının para politikalarındaki değişiklikler, endeksin dalgalanmalarına neden olabilir. 1 saatlik grafik zaman diliminde DAX 40, 18700 ve 18760 seviyeleri arasında hareket ederken, 50 periyotluk EMA'nın bulunduğu 18593 kritik destek bölgesini göz önünde bulundurmak önemli. Yukarı yönde 18930, 19033 ve 19125 direnç seviyeleri izleniyor. RSI göstergesi 56.90 seviyesinde ve hafif pozitif bir görünüm sergiliyor. Önceki güne göre %0.04'lük bir değişim ile 18707 seviyesinde işlem görüyor. Destek:18825 - 18760 - 18700 - Direnç:18930 - 19033 - 19125-
The NASDAQ100 index shows limited pricing with the anticipated interest rate cut in the Fed's statement tomorrow. While the index finds support with the decline in the 10-year treasury bond yields, retail sales data will be significant during the day. Meanwhile, a mixed trend is prominent in Asian markets, influenced by the weakness in the Chinese economy. Additionally, this week, central bank decisions from England, Japan, and some other countries will also be closely monitored along with the Fed's. From a technical analysis perspective, when the chart is examined on a 1- hour time frame, it is observed that as long as the index is trading above the 19400 - 19500 region, it maintains a positive outlook. If the index continues its upward momentum, resistance levels at 19700 and 19800 can be monitored. The RSI indicator is at 51.53 and shows a neutral stance. There is a slight increase of 0.05% compared to the previous day. The current price is determined as 19428.5. If the index falls below the 19400 level, it may create a movement area towards the support levels of 19300 and 19155. Support:19600 - 19500 - 19155 - Resistance:19700 - 19800 - 19900-
NASDAQ100 endeksi, Fed’in yarınki beyanatında beklenen faiz indirimi etkisiyle sınırlı fiyatlanma gösteriyor. Endeks, 10 yıllık hazine tahvil getirilerinin gerilemesiyle destek bulurken, perakende satışlar verileri gün içerisinde önemli olacak. Bununla birlikte, Asya piyasalarında Çin ekonomisindeki zayıflığın etkisiyle karışık bir seyir öne çıkıyor. Ayrıca, bu hafta Fed'in yanı sıra İngiltere, Japonya ve diğer bazı ülkelerin merkez bankası kararları da dikkatle izlenecek. Teknik analiz açısından, grafik 1 saatlik zaman diliminde incelendiğinde endeksin 19400 - 19500 bölgesi üzerinde işlem gördüğü sürece pozitif görünüm sergilediği gözlemleniyor. Endeksin yükseliş isteğini sürdürmesi durumunda 19700 ve 19800 direnç seviyeleri takip edilebilir. RSI göstergesi 51.53 seviyesinde ve nötr bir görünümde. Önceki güne göre %0,05'lik hafif bir artış mevcut. Güncel fiyat ise 19428.5 olarak belirlenmiş durumda. Endeksin 19400 seviyesinin altına düşmesi, 19300 ve 19155 destek seviyelerine doğru bir hareket alanı yaratabilir. Destek:19600 - 19500 - 19155 - Direnç:19700 - 19800 - 19900
Brent crude is having difficulty determining a clear direction ahead of the Fed's announcement tomorrow. While weak demand concerns continue to exert their influence on the markets, the trajectory of U.S. and European stock exchanges and the American Petroleum Institute's inventory figures will be critical for the next state of oil prices. In light of all these developments, as long as oil prices manage to stay above the support levels of 72.00 to 72.50, the upward outlook can be maintained. In the event of possible increases, the levels of 73.50 and 74.00 dollars can be considered. However, if the pressure to decline increases, a close below the 72.00 dollar level may be necessary, which would bring the levels of 71.50 and 71.00 into play. On the chart, Brent crude operations are being monitored on a 1-hour timeframe. Currently, support is being maintained in the 72.00 to 72.50 support zone, with the 73.50 level coming to the forefront as resistance. Among technical indicators, RSI is at the 61 level and presents a positive outlook. The price may find support here and move upwards. According to the latest trading data, the price of Brent crude is trading at around 72.57 dollars, showing a slight increase of 0.01% compared to the previous day. Support:72.5 - 72 - 71.5 - Resistance:73.5 - 74 - 74.5 - Brent petrol, Fed'in yarın gerçekleştireceği beyanat öncesinde net bir yön belirlemekte zorluk yaşıyor. Piyasalarda zayıf talep endişesi etkisini sürdürmeye devam ederken, Amerika ve Avrupa borsalarının seyri ve Amerikan Petrol Enstitüsü’nün stok rakamları petrol fiyatlarının sonraki durumu için kritik olacak. Tüm bu gelişmelerin ışığında, petrol fiyatları 72,00 – 72,50 destek seviyeleri üzerinde kalmayı başardığı sürece yukarı yönlü görünüm korunabilir. Olası yükselişlerde ise 73,50 ve 74,00 dolar seviyeleri göz önünde bulundurulabilir. Ancak, düşüş baskısının artması halinde 72,00 dolar seviyesinin altında kapanış gerçekleşmesi gerekebilir ve bu durum 71,50 ve 71,00 seviyelerini potaya sokacaktır. Grafik üzerinde, Brent petrol işlemleri 1 saatlik zaman diliminde izleniyor. Mevcut durumda, 72,00 – 72,50 destek bölgesinde tutunma sağlanırken, direnç olarak 73,50 seviyesi ön plana çıkıyor. Teknik göstergelerden RSI, 61 seviyesinde bulunuyor ve pozitif bir görünüm sergiliyor. Fiyat, buradan destek bulup yukarıya yönlenebilir. Son işlem verilerine göre Brent petrol fiyatı, bir önceki güne göre %0,01’lik hafif bir artışla 72,57 dolar seviyelerinde işlem görmekte. Destek:72.5 - 72 - 71.5 - Direnç:73.5 - 74 - 74.5 -
Crude oil futures are struggling to find direction ahead of the Fed statement. Concerns over weak demand and the trajectory of European and US stock markets continue to affect the markets. Stock data to be announced by the American Petroleum Institute could influence the direction of oil prices. In the coming period, prices have the potential to move upward while maintaining the support levels of 68.50 – 69.00. For the continuation of the downward movement, prices need to stay below 68.50 and have 4-hour closures; in such a scenario, the levels of 68.00 and 67.50 may come into focus. On the 1-hour chart, WTIUSD price faces resistance around 70.00 and 70.50, while the 69.00 and 68.00 levels can be monitored as support. The RSI indicator is at 64, showing a positive trend, indicating the potential for an upward movement in oil prices. The price has recorded a 0.02% increase compared to the previous day's close, currently standing at 70.514. Support:69 - 68.5 - 68 - Resistance:70 - 70.5 - 71 -
Petrol vadeli işlemleri, Fed beyanatı öncesinde yön bulmakta zorluk çekiyor. Zayıf talep endişeleri ve Avrupa ile ABD borsalarının seyri, piyasalarda etkisini sürdürüyor. Amerikan Petrol Enstitüsü'nün açıklayacağı stok verileri, petrol fiyatlarının seyrinde etkili olabilir. Önümüzdeki süreçte fiyatlar, 68,50 – 69,00 destek seviyeleri korunarak yukarı yönlü hareket etme potansiyelini sürdürüyor. Düşüş hareketlerinin devamı için ise 68,50 altında seyirlerin ve 4 saatlik kapanışların gerçekleşmesi gerekmekte; böylesi bir durumda 68,00 ve 67,50 seviyeleri gündeme gelebilir. 1 saatlik grafikte, WTIUSD fiyatı 70,00 ve 70,50 yakınlarında dirençle karşılaşırken, 69,000 ve 68,00 seviyeleri destek olarak izlenebilir. RSI göstergesi 64 seviyesinde, pozitif bir eğilim sergilemekte, bu durum petrol fiyatları için yukarı yönlü bir hareketin sürdürülebileceğine işaret ediyor. Fiyat, önceki gün kapanışına göre %0.02 oranında artış kaydederek şu anda 70.514 seviyesinde bulunuyor. Destek:69 - 68.5 - 68 - Direnç:70 - 70.5 - 71 -
This week, with uncertainties surrounding the Fed's interest rate policies, spot gold is drawing attention by limiting its rise. The limited decline in the dollar index and the U.S. 10-year Treasury yield could put pressure on spot gold. Moreover, economic data continuing to fall short of expectations may negatively affect gold's desire to appreciate. In this context, retail sales data, in particular, will be an important indicator for the short-term direction of spot gold. Technically, in the 1-hour time frame, spot gold is trading below the resistance levels of 2573 and 2589. The support areas should be monitored at 2560 and 2550. The RSI indicator is at level 40 and exhibits a negative outlook. A decrease of 0.09% compared to the previous day is observed on the chart. The current price is observed as 2574.58, and it can be said that the downward pressure continues. Support:2570 - 2560 - 2550 - Resistance:2580 - 2590 - 2600 -
Ons altın, Fed’in faiz politikalarına dair belirsizliklerin yoğun olduğu bu hafta, yükselişini sınırlandırarak dikkat çekiyor. Dolar endeksinde ve ABD 10 yıllık tahvil getirisindeki gerilemenin sınırlanması, ons altının üzerinde baskı oluşturabilir. Ayrıca, ekonomik verilerin beklenenin altında kalmaya devam etmesi, altının değer kazanma isteğini olumsuz etkileyebilir. Bu bağlamda, özellikle perakende satış verileri, ons altının kısa vadeli yönü konusunda önemli bir gösterge olacaktır. Teknik olarak, 1 saatlik zaman diliminde ons altın 2573 ve 2589 direnç seviyeleri altında işlem görüyor. Destek bölgeleri 2560 ve 2550 olarak izlenmeli. RSI göstergesi 40 seviyesinde ve negatif bir görünüm sergiliyor. Grafik üzerinde bir önceki güne göre yüzde 0.09'luk bir düşüş söz konusu. Mevcut fiyat ise 2574.58 olarak gözlemleniyor ve aşağı yönlü bir baskının devam ettiği söylenebilir. Destek:2570 - 2560 - 2550 - Direnç:2580 - 2590 - 2600 -
The USD/TRY pair shows that the Turkish Lira is in a relatively positive region on a day when the performances of emerging market currencies against the US Dollar vary. Currently trading near the 33.99 level, key economic data and news flows could influence its direction. In Asian markets, especially the weaknesses in China's economy and expectations of interest rate cuts on the US side are at the forefront of the current news focus. Turkey's economic situation and potential decisions from the CBRT will also be closely monitored and will be decisive on the pair's direction. From a technical perspective, when examining the USD/TRY pair on the 4- hour chart timeframe, the resistance levels at 34.07, 34.14, and 34.22 are of critical importance in upward movements. In the current outlook, the 33.80 level is observed as an important support. The RSI indicator is at 53.04, displaying a neutral trend. The pair shows a 0.01% increase compared to the previous day. The current price is hovering at the 33.99 level, which supports the positive outlook in the short term. Support:33.88 - 33.8 - 33.71 - Resistance:34.07 - 34.14 - 34.22 -
USD/TRY paritesi, gelişmekte olan ülke para birimlerinin ABD Doları karşısındaki performanslarının farklılık gösterdiği bir günde Türk Lirası’nın nispeten pozitif bir bölgede yer aldığı görülüyor. Hali hazırda 33,99 seviyesinin yakınında işlem gören kurda, önemli ekonomik veriler ve haber akışları yönü üzerinde etkili olabilir. Asya piyasalarında, özellikle Çin ekonomisindeki zayıflıklar ve ABD tarafındaki faiz indirim beklentileri mevcut haber akışının odağında yer alıyor. Türkiye'nin ekonomik durumu ve TCMB'nin olası kararları da yakından takip edilecek ve paritenin yönü üzerinde belirleyici olacaktır. Teknik açıdan bakıldığında, USD/TRY paritesi 4 saatlik grafik zaman diliminde incelendiğinde, yukarı yönlü hareketlerde 34,07, 34,14 ve 34,22 direnç seviyeleri kritik önem taşımakta. Mevcut görünümde, 33,80 seviyesi ise önemli bir destek olarak izleniyor. RSI göstergesi 53,04 seviyesinde ve nötr bir eğilim sergiliyor. Parite, bir önceki güne göre yüzde 0,01'lik bir artış göstermekte. Güncel fiyat 33,99 seviyesinde seyrediyor ve bu durum kısa vadede pozitif görünümü destekler nitelikte. Destek:33.88 - 33.8 - 33.71 - Direnç:34.07 - 34.14 - 34.22 -
The GBP/USD pair is focused on the upcoming Fed meeting and the anticipated rate cut decisions. The movements of the pair are closely monitoring the Fed's interest rate decisions and U.S. economic data. Particularly significant data such as core retail sales and industrial production might impact pricing. The dollar index is at critical support levels ahead of the Fed decisions, which has the potential to influence market reactions in the pair. In the 4-hour time frame, the GBP/USD pair is trading at the 1.3202 level, with the overall outlook being upward. In the upward movement of the pair, the levels of 1.3265 and 1.3640 can be monitored as resistance. In potential pullbacks, the moving averages in the 1.3111 - 1.3128 region act as support. The RSI indicator is at 67.36, showing a positive trend, which may indicate that the appetite for buying continues. The daily change is up by 0.22 percent. The current price is around the 1.3202 level. Support:1.318 - 1.3135 - 1.308 - Resistance:1.322 - 1.3265 - 1.3315
GBP/USD paritesi, önümüzdeki Fed toplantısı ve beklenen faiz indirimi kararlarına odaklanmış durumda. Paritenin hareketleri, Fed'in faiz oranları konusundaki kararlarını ve ABD ekonomik verilerini yakından izliyor. Özellikle çekirdek perakende satışlar ve sanayi üretimi gibi önemli veriler fiyatlamada etkili olabilir. Dolar endeksi ise, Fed kararları öncesi kritik destek seviyelerinde bulunuyor ve bu durum, paritedeki piyasa tepkilerini etkileme potansiyeline sahip. 4 saatlik zaman diliminde GBP/USD paritesi, 1.3202 seviyesinde işlem görmekte ve genel görünüm yukarı yönlü. Paritenin yukarı yönlü hareketinde 1.3265 ve 1.3640 seviyeleri direnç olarak izlenebilir. Olası geri çekilmelerde ise 1.3111 - 1.3128 bölgesinde bulunan hareketli ortalamalar destek görevi görüyor. RSI göstergesi 67.36 seviyesinde ve pozitif bir eğilim sergiliyor, bu da alım yönündeki iştahın devam ettiğine işaret edebilir. Günlük değişim yüzde 0.22 oranında yukarı yönlü. Güncel fiyat ise 1.3202 seviyelerinde. Destek:1.318 - 1.3135 - 1.308 - Direnç:1.322 - 1.3265 - 1.3315 -
As the decisions of the US Federal Reserve (Fed) approach, attention in the EUR/USD pair focuses on potential moves regarding interest rates and possible changes in economic projections. As the likelihood of a rate cut increases at the Fed meeting on September 18, this could particularly affect the upward movements of EUR/USD. Core Retail Sales and Industrial Production data from the US could also influence the direction of the pair. In the Eurozone, Germany's ZEW Economic Sentiment will be closely monitored. The reaction of the pair seems important based on the movement of the Dollar Index. Technically, EUR/USD is trading at 1.1127 on the 4-hour chart. The pair is moving above the 55 and 200-period moving averages, forming resistance near the 1.1150 level. The support levels currently observed are 1.1108 and 1.1050. If the pair surpasses the 1.1150 resistance in upward movements, it could create a movement area towards the 1.12 level. The RSI indicator is at 66.75, offering a positive outlook. With a change of 0.01% compared to the previous day, it remains neutral, and the support and resistance areas to watch are of critical importance in this process. Support:1.11 - 1.1076 - 1.1029 - Resistance:1.115 - 1.12 - 1.125 -
ABD Merkez Bankası (Fed) kararlarının yaklaşması ile EUR/USD paritesinde dikkatler, faize dair olası hamleler ve ekonomik projeksiyonlarda yapılabilecek değişikliklerde. 18 Eylül Fed toplantısında faiz indirimi ihtimali artarken, bu durum özellikle EUR/USD’nin yukarı yönlü hareketlerini etkileyebilir. ABD'den gelecek Çekirdek Perakende Satışlar ve Sanayi Üretimi verileri de paritenin yönünü etkileyebilir. Euro Bölgesi'nde Almanya ZEW Ekonomik Hissiyat’ı yakından takip edilecek. Dolar Endeksi’nin seyrine göre paritenin tepkisi önemli olacak gibi görünüyor. Teknik açıdan EUR/USD, 4 saatlik grafikte 1,1127 seviyesinde işlem görüyor. Parite, 55 ve 200 periyotluk hareketli ortalamaların üzerinde seyrederek 1,1150 seviyesine yakın direnç oluşturmakta. Anlık olarak üzerinde bulunduğu destek seviyeleri 1,1108 ve 1,1050 olarak izleniyor. Paritenin yukarı yönlü hareketlerde 1,1150 direncini aşması, 1,12 seviyesine doğru bir hareket alanı oluşturabilir. RSI göstergesi 66,75 seviyesinde ve pozitif bir görünüm sunuyor. Önceki güne göre değişim %0,01 ile nötral kalmış durumda, izlenecek destek ve direnç bölgeleri bu süreçte kritik öneme sahip. Destek:1.11 - 1.1076 - 1.1029 - Direnç:1.115 - 1.12 - 1.125 -
The NGC/USD pair faced profit-taking after testing the highest levels since July in U.S. natural gas futures. The pair is in search of direction due to volatility in global markets. The course of European and U.S. stock markets, the Fed's monetary policy statement, and economic data indicate determining factors in pricing. If the Fed changes interest rates in line with expectations, how markets will react will play a significant role. During this process, the markets are monitoring the 2.290 level as support and the 2.335 level as resistance. In technical analysis, the NGC/USD pair has been examined on the hourly chart. In downward movements, the 2.266 and 2.207 levels are monitored as support. In upward movements, the 2.286 and 2.335 levels should be followed as resistance. The RSI indicator is at the level of 43.51, showing a neutral trend. There is a -0.09% change in the pair compared to the previous day. The current price is at the level of 2.276. Support:2.29 - 2.25 - 2.215 - Resistance:2.335 - 2.38 - 2.41 -
NGC/USD paritesi, ABD'deki doğal gaz vadeli işlemleri Temmuz ayından bu yana en yüksek seviyeleri test ettikten sonra kar satışlarıyla karşılaştı. Global piyasalarda volatilitenin etkisiyle parite yön arayışında. Avrupa ve ABD borsalarının seyri, Fed para politikası beyanatı ve ekonomi verileri, fiyatlamalarda belirleyici faktörlere işaret ediyor. Fed'in beklentiler dahilinde faizlerde değişikliğe gitmesi halinde piyasaların nasıl tepki vereceği önemli bir role sahip olacak. Bu süreçte piyasalar 2,290 seviyelerini destek olarak, 2,335 seviyelerini ise direnç olarak takip ediyor. Teknik analizde, NGC/USD paritesi saatlik grafikte incelemeye alınmıştır. Aşağı yönlü hareketlerde 2,266 ve 2,207 seviyeleri destek olarak izleniyor. Yukarı yönlü hareketlerde ise 2,286 ve 2,335 direnç seviyeleri takip edilmelidir. RSI göstergesi 43.51 seviyesinde ve nötr bir eğilim sergiliyor. Paritede önceki güne göre yüzde -0,09'luk bir değişim bulunmaktadır. Güncel fiyat ise 2,276 seviyesindedir. Destek:2.29 - 2.25 - 2.215 - Direnç:2.335 - 2.38 - 2.41 -
The DAX 40 index is exhibiting a volatile trend due to uncertainties regarding Fed decisions and developments in European markets. Expectations regarding the pace of the Fed's interest rate cuts, in particular, have given the index upward momentum. However, the general state of the European economy and especially signs of economic slowdown in Germany are putting pressure on the DAX. Investors are closely following Federal Reserve Chairman Powell's statements and especially revisions to inflation and growth projections, indicating that current uncertainties may persist in the upcoming period. From a technical analysis perspective, the hourly chart shows the DAX 40 index moving between the levels of 18800 and 18785. These levels should be monitored as an important support zone. In downward movements, the 200- period average at the level of 18603 stands out as a significant support. In upward movements, the level of 19033 could be a critical resistance point, with levels of 19125 and 19200 to be monitored above this threshold. The RSI indicator is at the 48 level, showing a neutral outlook, which indicates that the market is indecisive. It is observed that the index has shown a 0.00% change during the day and is currently at the level of 18705.6. Support:18785 - 18700 - 18620 - Resistance:18910 - 19033 - 19125
DAX 40 endeksi, Fed kararlarına ilişkin belirsizlik ve Avrupa piyasalarında yaşanan gelişmeler nedeniyle volatil bir seyir izliyor. Özellikle Fed'in faiz indirim hızına dair beklentiler, endeksin yukarı yönlü ivme kazanmasını sağladı. Ancak, Avrupa ekonomisinin genel durumu ve özellikle Almanya'daki ekonomik yavaşlama sinyalleri, DAX üzerinde baskı oluşturuyor. Yatırımcıların Fed Başkanı Powell'ın açıklamalarını ve özellikle enflasyon ile büyüme projeksiyonlarına yönelik revizyonları dikkatle takip ediyor olması, mevcut belirsizliklerin önümüzdeki süreçte de devam edebileceğinin bir göstergesi. Teknik analiz açısından incelendiğinde, saatlik zaman diliminde izlenen grafikte DAX 40 endeksi 18800 ve 18785 seviyeleri arasında hareket ediyor. Bu seviyeler önemli destek bölgesi olarak izlenmeli. Aşağı yönlü hareketlerde 18603 seviyesinde bulunan 200 periyodluk ortalama önemli bir destek olarak öne çıkıyor. Yukarı yönlü hareketlerde ise 19033 seviyesi kritik bir direnç noktası olabilir, bu seviyenin üzerinde 19125 ve 19200 seviyeleri izlenebilir. RSI göstergesi 48 seviyesinde olup nötr bir görünüm sergiliyor, bu da piyasanın kararsız olduğuna işaret ediyor. Endeksin gün içinde %0,00'lık bir değişim gösterdiği ve güncel olarak 18705,6 seviyesinde bulunduğu gözlemleniyor. Destek:18785 - 18700 - 18620 - Direnç:18910 - 19033 - 19125 -
The NASDAQ100 index is trading within a narrow range in anticipation of the Fed’s monetary policy statement. It is believed that the Fed’s decision to cut interest rates could have a significant impact on the markets, as there is no clear consensus among investors on how substantial this cut will be. Discussions about the potential rate cut also bring recession concerns, making the Fed’s messages and future projections critical for the performance of the NASDAQ100. In this context, as long as the index maintains stable pricing above the 19500 – 19600 range, supported by the 21-period exponential moving average, its potential to rise may continue. From a technical analysis perspective, the NASDAQ100 index is trading above the 19340 support level on the hourly chart. In upward movements, the 19500 and 19600 levels can be monitored as resistance. The RSI indicator is at the 46 level, showing a neutral trend, indicating indecision in the market. The index has decreased by 0.9% compared to the previous day. The current price is hovering around 19425, and price movements should be closely monitored from this point. Support:19600 - 19500 - 19155 - Resistance:19700 - 19800 - 19900
NASDAQ100 endeksi, Fed’in para politikası beyanatı beklentileriyle dar bir fiyatlama aralığında işlem görüyor. Fed’in faiz indirimi kararının piyasalar üzerinde büyük etkisi olabileceği düşünülüyor çünkü yatırımcılar arasında bu indirimin ne kadar büyük olacağına dair net bir görüş birliği yok. Potansiyel faiz indirimiyle ilgili tartışmalar resesyon endişelerini de beraberinde getiriyor. Dolayısıyla, Fed’in mesajları ve gelecekteki projeksiyonları NASDAQ100'ün performansı açısından kritik olacaktır. Bu bağlamda, 21 periyotluk üstel hareketli ortalamanın desteklediği 19500 – 19600 bölgesinin üstünde kalıcı fiyatlamalar korunduğu sürece endeksin yükselme potansiyeli devam edebilir. Teknik analiz açısından değerlendirdiğimizde, NASDAQ100 endeksi saatlik grafikte 19340 destek seviyesinin üzerinde işlem görüyor. Yukarı yönlü hareketlerde 19500 ve 19600 seviyeleri direnç olarak izlenebilir. RSI göstergesi 46 seviyesinde, nötr bir eğilim sergiliyor, bu da piyasada kararsızlığa işaret ediyor. Endeksin önceki güne kıyasla %0.9 oranında bir azalış gösterdiği görülüyor. Güncel fiyat 19425 civarında seyrediyor ve bu noktadan hareketle fiyat hareketleri dikkatle izlenmeli. Destek:19600 - 19500 - 19155 - Direnç:19700 - 19800 - 19900 -
In Brent crude oil prices, a volatile trend continues due to Fed rate cut expectations and increasing geopolitical tensions. The selling pressure that emerged after the American Petroleum Institute's announcement of an increase in stocks also affects prices. In the upcoming period, stock and other economic data to be announced by the US Energy Information Administration will be closely monitored. While the market focuses on the possibilities of 25 and 50 basis point rate cuts, inflation and growth data are also critically important. Additionally, inflation data in the UK and developments in the housing sector in the US are among the issues to be watched closely. Technically, when Brent crude is examined on an hourly chart, it is trying to find support near the level of $72.43. Resistance levels can be monitored at $72.49, followed by $73.00. Support zones are located at $72.12 and $71.50 levels. The RSI indicator is at 47 and shows a neutral outlook. It is trading at $72.60 with a decrease of 0.96% compared to the previous day. Brent crude is expected to continue its movement between these support and resistance levels. Support:73 - 72.5 - 72 - Resistance:74 - 74.5 - 75 -
Brent petrol fiyatlarında, Fed faiz indirim beklentileri ve artan jeopolitik gerginlikler nedeniyle dalgalı seyrin devam ettiği gözleniyor. Amerikan Petrol Enstitüsü'nün stoklarda artış açıklaması sonrası oluşan satış baskısı da fiyatlar üzerinde etkili oluyor. Önümüzdeki süreçte ABD Enerji Bilgi Dairesi’nin açıklayacağı stok ve diğer ekonomik veriler yakından takip edilecek. Piyasada 25 ve 50 baz puanlık faiz indirimi ihtimalleri üzerinde durulurken, enflasyon ve büyüme verileri de kritik önem taşıyor. Ayrıca İngiltere'de enflasyon verileri ve ABD' de konut sektörüne dair gelişmeler de dikkatle izlenecek konular arasında bulunuyor. Teknik olarak, Brent petrol saatlik grafik üzerinde incelendiğinde, 72,43 dolar seviyesi yakınlarında destek bulmaya çalışıyor. Direnç seviyeleri 72,49 dolar ve ardından 73,00 dolar olarak takip edilebilir. Destek bölgeleri ise 72,12 dolar ve 71,50 dolar seviyelerinde bulunuyor. RSI göstergesi ise 47 seviyesinde ve nötr bir görünüm sergiliyor. Önceki güne göre %0,96 düşüş ile 72,60 dolar seviyesinde işlem görmekte. Brent petrolün bu destek ve direnç seviyeleri arasında hareketini sürdürmesi beklenebilir. Destek:73 - 72.5 - 72 - Direnç:74 - 74.5 - 75 -
WTI crude oil prices faced profit-taking following their previous rise due to expectations of a Fed rate cut and geopolitical risks, as the American Petroleum Institute announced an increase in stocks. This situation has turned investors' attention to the stock figures to be announced by the U.S. Energy Information Administration and the Fed's monetary policy statement. It is observed that the 69.00 - 69.50 support zone plays an important role in pricing. If this support zone is maintained, it's anticipated that short-term upward expectations may strengthen. In the chart, we see that WTI prices are above the 69.84 support level on the hourly timeframe but encounter resistance toward the 70.50 resistance level. In sudden drops, the 69.00 and 68.50 levels can be monitored as support. The RSI indicator is at the 46.89 level, indicating a neutral but downward pressure. It is trading at 70.54 with a daily decrease of 0.13%. These indicators suggest that the selling pressure may continue, highlighting the importance of staying above the 69.50-70.00 region Support:69 - 68.5 - 68 - Resistance:70 - 70.5 - 71 -
WTI ham petrol fiyatları, Fed’in faiz indirimi beklentileri ve jeopolitik risklerin etkisiyle önceki yükselişinin ardından Amerikan Petrol Enstitüsü’nün stok artışı açıklamasıyla kâr satışlarına maruz kaldı. Bu durum, yatırımcıların dikkatini ABD Enerji Bilgi Dairesi'nin açıklayacağı stok rakamlarına ve Fed para politikası beyanatına çevirdi. Fiyatlamalarda 69,00 - 69,50 destek bölgesinin önemli bir rol oynadığı gözleniyor. Eğer bu destek bölgesi korunursa, kısa vadeli yükseliş yönlü beklentilerin güçlenebileceği öngörülüyor. Grafikte, saatlik zaman diliminde WTI fiyatlarının 69.84 destek seviyesi üzerinde olduğunu, ancak 70.50 direnç seviyesine doğru dirençle karşılaştığını görüyoruz. Ani düşüşlerde 69.00 ve 68.50 seviyeleri destek olarak izlenebilir. RSI göstergesi 46.89 seviyesinde olup, nötr ancak aşağı yönlü baskıyı işaret ediyor. Günlük bazda %0.13 düşüşle 70.54 seviyesinde işlem görüyor. Bu göstergeler, satış baskısının devam edebileceğine işaret ederken, 69.50-70.00 bölgesinin üzerinde kalmanın önemine dikkat çekiyor. Destek:69 - 68.5 - 68 - Direnç:70 - 70.5 - 71 -
The ounce price of gold is experiencing a fluctuating trend under the influence of uncertainties related to the Fed's interest rate cut decision. While markets expect the Fed to make a 50 basis point interest rate cut, benchmark areas such as the 10-year bond yields and the dollar index are also following a calm trend. This situation leads to a limited range of movement in the pricing of gold. The Fed's monetary policy statement and the statements of Fed Chairman Powell can play a significant role in the precious metal's search for direction. On the chart, it is observed that the ounce price of gold shows limited increases supported by the 2560 level on the hourly time frame. While the 2580 and 2590 resistances come to the forefront in upward movements, in potential pullbacks, the 2560, 2550, and 2540 support levels can be monitored. The RSI indicator presents a negative outlook at the 40 level, with a 0.09% decrease compared to the previous day. The current price is trading at the 2573.11 level. Support:2570 - 2560 - 2550 - Resistance:2580 - 2590 - 2600 -
Ons altın, Fed’in faiz indirimi kararına ilişkin belirsizliklerin etkisi altında dalgalı bir seyir izliyor. Piyasalar, Fed’in 50 baz puanlık faiz indirimi yapmasını beklerken 10 yıllık tahvil faizleri ve dolar endeksi gibi gösterge niteliğinde alanlar da sakin bir seyir izliyor. Bu durum, ons altının fiyatlamalarında sınırlı bir hareket alanı oluşmasına yol açıyor. Fed’in para politikası beyanatı ve Fed Başkanı Powell’ın açıklamaları, değerli metalin yön arayışında belirgin rol oynayabilir. Grafikte, ons altının 1 saatlik zaman diliminde 2560 seviyesinden aldığı destekle sınırlı yükselişler gösterdiği gözlemleniyor. Yukarı yönlü hareketlerde 2580 ve 2590 dirençleri ön plana çıkarken, olası geri çekilmelerde ise 2560, 2550 ve 2540 destek seviyeleri izlenebilir. RSI göstergesi 40 seviyesinde negatif bir görünüm sunarken, önceki güne göre %0.09’luk bir düşüş yaşanmış durumda. Güncel fiyat ise 2573.11 seviyesinden işlem görmekte. Destek:2570 - 2560 - 2550 - Direnç:2580 - 2590 - 2600 -
While the Turkish Lira is displaying a positive performance among emerging market currencies, developments in overseas markets and expectations regarding the Fed's interest rate decision are influencing the USD/TRY exchange rate. Uncertainties about the Fed's interest rate cuts continue to capture investors' attention, a similar scenario that previously directed the markets. Additionally, inflation data from the UK is also among the other significant agenda items. According to technical analysis, the USD/TRY pair has been following a volatile trend on the 4-hour chart recently. The pair is currently trading at around 34.05. In upward movements, the 34.10 and 34.20 levels can be considered resistance regions. On the downside, the 33.99, 33.91, and 33.76 levels are monitored as support. The RSI indicator is at the 63.87 level, displaying a positive outlook. Compared to the previous day's close, the pair has increased by 0.03%. The current price indicates that the USD/TRY pair is moving close to its resistance levels. Support:33.95 - 33.86 - 33.8 - Resistance:34.1 - 34.2 - 34.27
Türk Lirası, gelişmekte olan ülke para birimleri arasında olumlu bir performans sergilerken, USD/TRY paritesi üzerinde yurt dışı piyasalarındaki gelişmeler ve Fed'in faiz kararına dair beklentiler etkili oluyor. Fed'in faiz indirimi konusundaki belirsizlikler yatırımcıların dikkatlerini üzerinde tutarken, benzer bir senaryo daha önceki dönemlerde de piyasalara yön vermişti. Ayrıca İngiltere'deki enflasyon verileri de diğer önemli gündem maddeleri arasında yer alıyor. Teknik analize göre, USD/TRY paritesi 4 saatlik grafikte son dönemlerde dalgalı bir seyir izliyor. Parite an itibarıyla 34.05 seviyelerinden işlem görüyor. Yukarı yönlü hareketlerde 34.10 ve 34.20 seviyeleri direnç bölgeleri olarak dikkate alınabilir. Aşağı yönde ise 33.99, 33.91 ve 33.76 seviyeleri destek olarak izleniyor. RSI göstergesi 63.87 seviyesinde olup, pozitif bir görünüm sergiliyor. Önceki gün kapanışına göre paritede %0.03 oranında bir artış gözlenmekte. Güncel fiyat, USD/TRY paritesinin direnç seviyelerine yakın hareket ettiğini gösteriyor. Destek:33.95 - 33.86 - 33.8 - Direnç:34.1 - 34.2 - 34.27 -
The GBP/USD pair is continuing its search for direction within the framework of significant economic factors such as the U.S. Federal Reserve's decisions and inflation data in the UK. There is curiosity about how the Fed's expected interest rate cuts will impact the dollar in the short term. While there is a high demand expectation for a possible 50 basis point rate cut, uncertainty persists. In the UK, a moderate slowdown in inflation, along with projections for growth and the employment market, might create fluctuations in the value of the pound. Therefore, the GBP/USD pair is trying to find direction under the influence of these dynamics. Technically, the GBP/USD pair is moving above the 55 and 89-period moving averages fluctuating between the levels of 1.3120 – 1.3138 on the 4-hour chart. Staying above these levels appears critical for the continuation of the rise, with resistance at the 1.3265 level. Support is at the 1.3048 level. The RSI indicator for the pair is currently at 50.44, showing a neutral outlook. The change in the pair in the last 24 hours was recorded as a 0.0015% decrease. The current GBP/USD price is trading at the 1.3159 level. Support:1.312 - 1.308 - 1.303 - Resistance:1.318 - 1.322 - 1.3265
GBP/USD paritesi, ABD Merkez Bankası Fed kararları ve İngiltere'de enflasyon verileri gibi önemli ekonomik faktörler çerçevesinde yön arayışını sürdürüyor. Fed'in faiz indirimi beklentilerinin piyasalarda kısa vadede dolar üzerinde nasıl bir etki yaratacağı merak konusu. Olası bir 50 baz puan faiz indirimine dair talep beklentisi yüksek olmasına rağmen, belirsizlik devam ediyor. İngiltere'de ise enflasyonun ılımlı yavaşlama göstermesi, büyüme ve istihdam piyasasına dair projeksiyonlarla birlikte sterlinin değerinde dalgalanmalar yaratabilir. Dolayısıyla, GBP/USD paritesi bu dinamiklerin etkisiyle yön bulmaya çalışıyor. Teknik olarak, GBP/USD paritesi 4 saatlik grafikte 1,3120 – 1,3138 seviyeleri arasında seyreden 55 ve 89 periyotluk hareketli ortalamaların üzerinde hareket ediyor. Bu seviyelerin üzerinde kalıcılık sağlanması, yükselişin devamı için kritik gözüküyor ve direnci ise 1,3265 seviyesinde bulunuyor. Destek ise 1,3048 seviyesinde. Paritede RSI göstergesi şu an 50,44 seviyesinde ve nötr bir görünüm sergiliyor. Paritenin son 24 saatteki değişimi ise %0.0015 düşüş olarak kaydedildi. Güncel GBP/USD fiyatı 1,3159 seviyesinden işlem görüyor. Destek:1.312 - 1.308 - 1.303 - Direnç:1.318 - 1.322 - 1.3265 -
The EUR/USD pair is being closely monitored ahead of today's Federal Reserve meeting in the United States. Investors are facing uncertainty between two options regarding the Fed's interest rate cut: will it be reduced by 25 basis points or 50 basis points? Developments in global markets, as well as the Fed's interest rate policy, along with revisions in economic projections in parameters like inflation, growth, and unemployment, will influence the pair's trajectory. The dollar index is at a decision point at the level of 100.35, indicating uncertainty about the direction of the EUR/USD pair. It is seen in the 4-hour chart that the EUR/USD pair is trying to stay above the 1.1150 level. If it surpasses this level, it could gain positive momentum and rise towards the 1.12 level in upward movements. Support levels are monitored at 1.1082 and 1.1035 levels. The RSI indicator is at 57.87, showing a neutral outlook. There is a 0.01% decrease compared to the previous day, with the current price continuing at 1.1119. In this scenario, whether the resistance level at 1.1150, where investor interest is concentrated, will be broken or not will be important in the short-term flow. Support:1.11 - 1.1085 - 1.034 - Resistance:1.115 - 1.12 - 1.125 -
EUR/USD paritesi, bugün gerçekleşecek olan ABD Merkez Bankası Fed toplantısı öncesinde dikkatle izleniyor. Fed'in faiz indirimine yönelik olarak yatırımcılar iki seçenek arasında bir belirsizlik yaşıyor: 25 baz puan mı, yoksa 50 baz puan mı indirilecek? Küresel piyasalardaki gelişmeler ve Fed'in faiz politikası kadar ekonomik projeksiyonları, enflasyon, büyüme ve işsizlik gibi parametrelerdeki revizyonlar da paritenin seyrinde etkili olacak. Dolar endeksi ise 100,35 seviyesinde karar aşamasında olup bu durum, EUR/USD paritesinin yönüne dair belirsizliğe işaret ediyor. EUR/USD paritesinin 4 saatlik grafikte 1,1150 seviyesinin üzerinde kalmaya çalıştığı görülüyor. Bu seviyeyi aşması durumunda pozitif bir momentum kazanabilir ve yukarı yönlü hareketlerde 1,12 seviyesine doğru çıkış yapabilir. Destek bölgeleri ise 1,1082 ve 1,1035 seviyeleri olarak izleniyor. RSI göstergesi 57,87 seviyesinde ve nötr bir görünüm sergiliyor. Paritede önceki güne göre %0,01'lik bir düşüş söz konusu ve güncel fiyatı 1,1119 olarak devam ediyor. Bu tabloda, yatırımcı ilgisinin yoğunlaştığı 1,1150 direnç seviyesinin kırılıp kırılmaması kısa vadeli akışta önemli olacak. Destek:1.11 - 1.1085 - 1.034 - Direnç:1.115 - 1.12 - 1.125 -
U.S. natural gas futures exhibit a volatile pricing trend dependent on the trends of European and U.S. stock exchanges and the inventory figures provided by the U.S. Energy Information Administration. Natural gas prices fluctuate between the 2.275 – 2.300 region, and a four-hour closure outside this band could provide a clearer outlook on the price direction. For market participants, the key bearish signal is if the levels fall below 2.275 and achieve four-hour closings, in which case the levels of 2.250 and 2.215 may be targeted. On the other hand, recoveries, particularly if the 2.300 resistance is broken, could bring the levels of 2.335 and 2.380 back into focus. From a technical analysis perspective, the hourly chart has been used for the NGCUSD pair. In the pair, the 2.2770 and 2.3000 levels stand out as a shortterm resistance region, while the 2.2500 and 2.2180 levels should be monitored as short-term support. The RSI indicator indicates a neutral outlook at the 43.63 level. A slight decrease of 0.04% compared to the previous day was observed on the chart. The current price is trading at the 2.251 level. In this context, whether the specified critical down and up levels have been broken should be monitored for a clearer result regarding the general direction of the pair. Support:2.275 - 2.25 - 2.215 - Resistance:2.3 - 2.335 - 2.38 -
ABD doğal gaz vadeli işlemleri, Avrupa ve ABD borsalarının seyri ile ABD Enerji Bilgi Dairesi tarafından verilen stok rakamlarına bağlı olarak dalgalı bir fiyatlama eğilimi sergilemekte. Doğal gaz fiyatları, 2,275 – 2,300 bölgesi arasında hareket etmekte ve bu bandın dışındaki 4 saatlik kapanışlar, fiyatın yönü konusunda daha net bir görünüm sağlayabilir. Piyasa katılımcıları için önemli olan düşüş sinyali, 2,275 seviyesinin altında seyirlerin ve 4 saatlik kapanışların gerçekleştirilmesidir, bu durumda 2,250 ve 2,215 seviyeleri hedeflenebilir. Öte yandan toparlanmalar, özellikle 2,300 direncinin kırılması durumunda 2,335 ve 2,380 seviyelerini yeniden gündeme getirebilir. Teknik analiz açısından NGCUSD paritesi için saatlik grafik kullanılmıştır. Paritede 2.2770 ve 2.3000 seviyeleri kısa vadeli direnç bölgesi olarak öne çıkarken, 2.2500 ve 2.2180 seviyeleri kısa vadeli destek olarak izlenmelidir. RSI göstergesi ise 43.63 seviyesinde nötr bir görünümü işaret etmektedir. Grafik üzerinde bir önceki güne göre %0.04 oranında hafif bir gerileme görüldü. Güncel fiyat, 2.251 seviyesinde işlem görmektedir. Bu bağlamda paritenin genel yönü hakkında daha net bir sonuç için belirtilen kritik aşağı ve yukarı seviyelerin kırılıp kırılmadığı takip edilmelidir. Destek:2.275 - 2.25 - 2.215 - Direnç:2.3 - 2.335 - 2.38 -
The DAX 40 index maintains its positive momentum following the ECB and Fed decisions, while investors are now focused on signals emerging from the BoE and BoJ meetings. Both banks are expected to keep interest rates unchanged, and their messages for the upcoming period will be closely monitored. The Fed's rate cut following the ECB has created a positive atmosphere in the markets and suggested that the DAX 40 is maintaining its strength technically. From a technical analysis perspective, the DAX 40 index is seen moving towards the 18920 resistance on the 1-hour chart. On downward movements, the levels of 18860, 18637, and 18520 are monitored as support. The RSI indicator is at the level of 62, displaying a positive outlook. Compared to the previous day, the index shows a small change on the horizontal axis. The current price is hovering around the 18890 level. Support:19000 - 18920 - 18860 - Resistance:19100 - 19200 - 19300
DAX 40 endeksi, ECB ve Fed kararlarının ardından pozitif ivmesini korurken, yatırımcılar şimdi BoE ve BoJ toplantılarından çıkacak sinyallere odaklanmış durumda. Her iki bankanın da faiz oranlarını değiştirmemesi beklenirken, gelecek dönem için verecekleri mesajlar yakından izlenecek. ECB'nin ardından Fed’in faiz indirimine gitmesi piyasalarda olumlu bir hava yaratmış ve DAX 40’ın teknik anlamda gücünü koruduğu izlenimi verilmiştir. Teknik analiz açısından, 1 saatlik grafik üzerinde DAX 40 endeksinin 18920 direncine doğru hareket ettiği görülmekte. Aşağı yönlü hareketlerde ise 18860, 18637 ve 18520 seviyeleri destek olarak izleniyor. RSI göstergesi 62 seviyesinde ve pozitif bir görünüm sergiliyor. Önceki güne göre endekste yatay eksende küçük bir değişim gerçekleşti. Güncel fiyat 18890 seviyelerinde seyrediyor. Destek:19000 - 18920 - 18860 - Direnç:19100 - 19200 - 19300 -
The NASDAQ100 index is following a balanced trajectory due to the Fed's hawkish stance on economic projections and cautious approach to interest rate cuts. While the 50 basis point interest rate reduction has a positive impact on expectations that the economy will stabilize, the presence of factors exerting pressure on the index is noteworthy. Despite the positive mood in Asian indexes and gains in U.S. index futures supporting Nasdaq's desire to rise, uncertainties in the market persist. In the upcoming period, data such as unemployment benefit claims and the Philadelphia Fed manufacturing index are likely to affect the index. In technical analysis, NASDAQ100 maintains stability above the 19600 – 19700 region on the 1-hour chart. Support levels are highlighted at 19291.4 and 19401.7, while resistance levels are at 19620.6 and 19755.1. The RSI indicator is at 63.22, exhibiting a positive outlook, which may indicate the index's upward potential continues. The last recorded price is 19620.6, experiencing a 0.02% decrease compared to the previous day. The index's movements may continue to fluctuate between the defined regions in the short term. Support:19800 - 19700 - 19600 - Resistance:19900 - 20000 -20150 -
NASDAQ100 endeksi, Fed’in ekonomik projeksiyonlarına yönelik şahin tutumu ve faiz indirimleri üzerindeki temkinli duruşuyla dengelenmiş bir seyir izliyor. 50 baz puanlık faiz indirimi, ekonominin düzene gireceği beklentisinde olumlu bir etki yaratırken, endeks üzerinde baskı yaratan faktörlerin de varlığı dikkat çekiyor. Asya endekslerindeki olumlu hava ve ABD endeks vadelilerindeki kazançlar, Nasdaq’ın yükseliş arzusunu desteklemesine rağmen, piyasa genelindeki belirsizlikler devam ediyor. İlerleyen süreçte işsizlik haklarından yararlanma başvuruları ve Philadelphia Fed imalat endeksi gibi verilerin endeks üzerinde etki yaratması muhtemel. Teknik analizde, NASDAQ100 1 saatlik grafikte 19600 – 19700 bölgesi üzerinde kalıcılık gösteriyor. Destek seviyeleri olarak 19291.4 ve 19401.7, direnç seviyeleri olarak ise 19620.6 ve 19755.1 öne çıkıyor. RSI göstergesi 63.22 seviyesinde, pozitif bir görünüm sergiliyor, bu da endeksin yükselme potansiyelinin sürdüğünü işaret edebilir. Son fiyat 19620.6 olarak kaydedilmiştir ve bir önceki güne göre %0.02’lik bir düşüş yaşanmıştır. Endeksin hareketleri, kısa vadede belirlenen bölgeler arasında dalgalanmaya devam edebilir. Destek:19800 - 19700 - 19600 - Direnç:19900 - 20000 - 20150 -
Crude oil futures continue to follow a mixed trend due to uncertainty about demand following the Fed's interest rate cut decision. While the Fed's rate cut is expected to have a positive impact on economic growth, no momentum has yet been seen in the oil markets that could establish a clear direction. Movements in European and U.S. stock markets may influence the direction of oil prices. As long as pricing stays above the 72.50 – 73.00 support range, the potential for an upward movement may remain prominent, with targets at 74.00 and 74.50 levels. However, for a continuation of the downtrend, trading below 72.50 and four-hour closures would need to be seen. In this case, support levels at 72.00 and 71.50 could come into focus. In the chart, it is observed that on an hourly timeframe, Brent crude continues to trade above the 72.50 - 73.00 support levels. In upward movements, the 74.00 and 74.50 levels can be monitored. The RSI indicator is at 58.94, presenting a neutral outlook. This indicates the possibility of movement in either direction in the short term. Compared to the previous day, Brent crude oil price is at 73.166 dollars with a 0.08% decrease. Support:73 - 72.5 - 72 - Resistance:74 - 74.5 - 75 -
Petrol vadeli işlemleri, Fed’in faiz indirim kararı sonrası talep konusunda oluşan belirsizlikle karışık bir seyir izlemeye devam ediyor. Fed'in faiz indiriminin ekonomik büyümeye olumlu yansıması beklenirken, petrol piyasalarında henüz belirgin bir yön oluşturabilecek bir ivme görülmedi. Avrupa ve ABD borsalarındaki hareketler, petrol fiyatlarının yönü üzerinde etkili olabilir. Fiyatlamalar 72,50 – 73,00 destek aralığı üzerinde kaldığı sürece yukarı yönlü bir hareket potansiyeli ön planda kalabilirken, 74,00 ve 74,50 seviyeleri hedeflenebilir. Ancak düşüş isteğinin devamı, 72,50 seviyesinin altındaki seyrin ve 4 saatlik kapanışların görülmesiyle mümkün olabilir. Bu durumda, 72,00 ve 71,50 destek seviyeleri gündemde olabilir. Grafikte, saatlik zaman diliminde Brent petrolün 72,50 - 73,00 destek seviyeleri üzerinde işlem görmeye devam ettiği gözlemleniyor. Yukarı yönlü hareketlerde 74,00 ve 74,50 seviyeleri izlenebilir. RSI göstergesi 58,94 seviyesinde olup nötr bir görünüm sergiliyor. Bu durum kısa vadede her iki yönde de hareket alanına işaret edebilir. Önceki güne göre %0,08 düşüş ile Brent petrol fiyatı, 73,166 dolar seviyesinde bulunuyor. Destek:73 - 72.5 - 72 - Direnç:74 - 74.5 - 75 -
WTI crude oil prices continue to fluctuate with demand uncertainty following the Fed's rate cuts. Developments in European and US markets could be decisive for oil prices. As long as prices remain above the support levels of 68.50 – 69.00, an upward outlook may be possible. However, if these support levels are breached, it is considered that the potential for a decline could increase. From a technical perspective, the WTIUSD chart is on a 1-hour time frame. The 70.00 level stands out as significant support, while 70.50 and 71.00 levels can be monitored as resistance in upward movements. The RSI indicator is at the 59.22 level, showing a slightly positive outlook. With a 0.05% change compared to the previous day, the current price is at the 71.065 level. In light of these data, close monitoring of support and resistance areas may be necessary to determine direction in the short term. Support:69.5 - 69 - 68.5 - Resistance:70.5 - 71 - 71.5
WTI ham petrol fiyatları, Fed’in faiz indirimleri sonrası talep belirsizliği ile dalgalı bir seyir izlemeye devam ediyor. Avrupa ve ABD piyasalarındaki gelişmeler, petrol fiyatları üzerinde belirleyici olabilir. Fiyatlamalar 68,50 – 69,00 destek seviyelerinin üzerinde kaldığı sürece, yukarı yönlü bir görünüm mümkün olabilir. Ancak bu destek seviyelerinin altına inilmesi durumunda, düşüş potansiyelinin artabileceği değerlendiriliyor. Teknik açıdan bakıldığında, WTIUSD grafiği 1 saatlik zaman dilimindedir. 70,00 seviyesi önemli bir destek olarak öne çıkarken, yukarı hareketlerde 70,50 ve 71,00 seviyeleri direnç olarak izlenebilir. RSI göstergesi 59,22 seviyesinde bulunarak hafif pozitif bir görünüm sergiliyor. Önceki güne göre yüzde 0,05’lik bir değişimle güncel fiyat 71,065 seviyesinde. Bu veriler ışığında, kısa vadede yön belirlemek için destek ve direnç bölgelerinin yakın takibi gerekli olabilir. Destek:69.5 - 69 - 68.5 - Direnç:70.5 - 71 - 71.5 -
The price of gold per ounce continues to attract investors' interest following the Fed's 50 basis point rate cut. The rate cut led to a recovery in the Dollar index and 10-year Treasury yields, putting pressure on the precious metal. Particularly, Fed Chair Powell's statements indicating there won't be a rush to cut rates created a hawkish perception in the market, making it difficult for gold to rise. The Bank of England’s upcoming monetary policy statement and unemployment benefits claims are seen as important developments that could affect gold's price movements in the coming period. Technically, XAU/USD is being monitored on the 1-hour chart. The price is trading at the 2564 level, with upward resistance levels highlighted at 2580 and 2590. The downward support levels are 2550 and 2540. The RSI indicator has a neutral outlook at 51.49. There is a 0.16% increase in prices compared to the previous day. The current price of 2564 is at a point creating short-term uncertainty Support:2550 - 2540 - 2530 - Resistance:2570 - 2580 - 2590 -
Ons altın fiyatları, Fed'in 50 baz puanlık faiz indirimi sonrasında yatırımcıların ilgisini çekmeye devam ediyor. Faiz indirimi, Dolar endeksinde ve 10 yıllık hazine tahvili getirilerinde bir toparlanma yaşanmasına neden oldu ve bu durum değerli metali baskı altına aldı. Özellikle Fed Başkanı Powell'ın faiz indiriminde acele edilmeyeceği yönündeki açıklamaları, piyasada şahin bir algı yarattı ve altının yükselmesini zorlaştırdı. BoE’den gelecek para politikası beyanatı ve işsizlik haklarından yararlanma başvuruları, ons altın için önümüzdeki süreçte fiyat hareketlerini etkileyebilecek önemli gelişmeler olarak görülüyor. Teknik olarak incelendiğinde, XAU/USD 1 saatlik grafikte izleniyor. Fiyat 2564 seviyesinden işlem görüyor ve yukarı yönlü direnç seviyeleri 2580 ve 2590 olarak öne çıkıyor. Aşağı yönlü destek seviyeleri ise 2550 ve 2540 seviyeleri. RSI göstergesi 51.49 seviyesinde nötr bir görünüme sahip. Önceki güne göre fiyatlarda %0.16'lık bir artış görülüyor. Güncel fiyat olan 2564 seviyesi, kısa vadede belirsizlik yaratan bir noktada yer alıyor. Destek:2550 - 2540 - 2530 - Direnç:2570 - 2580 - 2590 -
The USD/TRY pair is trading based on expectations regarding the interest rate policy of the Central Bank of the Republic of Turkey (CBRT). After the CBRT raised the one-week repo rate to 50% in March 2024, it has been implementing a tight monetary policy. While interest rates are expected to remain unchanged, it is noted that the markets will closely watch the possible steps the CBRT may take in the future regarding interest rate cuts. This situation is among the significant factors affecting the general course of the exchange rate. When examining the 4-hour chart of USD/TRY, it is observed that the pair continues to test the resistance level of 34.04. Key support levels can be monitored at 33.97 and 33.88. The RSI indicator is at 52.42, presenting a neutral outlook. The change in the pair compared to the previous day has been 0.00%. The current price is trading at the level of 34.03. Support:33.95 - 33.88 - 33.8 - Resistance:34.12 - 34.22 - 34.3 -
USD/TRY paritesi, Türkiye Cumhuriyet Merkez Bankası'nın (TCMB) faiz politikasına yönelik beklentilerle işlem görüyor. TCMB, 1 hafta vadeli repo faiz oranını Mart 2024’te %50 seviyesine çıkardıktan sonra sıkı para politikası uyguluyor. Faiz oranlarının sabit kalması beklense de, TCMB'nin faiz indirimi konusunda gelecekte atması muhtemel adımların piyasalar tarafından dikkatle izleneceği belirtiliyor. Bu durum, kurun genel seyrini etkileyen önemli faktörler arasında yer alıyor. USD/TRY'nin 4 saatlik grafiği incelendiğinde, paritenin 34.04 direnç seviyesini test etmeye devam ettiği görülüyor. Önemli destek seviyeleri 33.97 ve 33.88 olarak izlenebilir. RSI göstergesi 52.42 seviyesinde olup, nötr bir görünüm sergiliyor. Paritenin bir önceki güne göre değişimi %0,00 seviyesinde gerçekleşmiştir. Güncel fiyat 34.03 seviyesinde işlem görüyor. Destek:33.95 - 33.88 - 33.8 - Direnç:34.12 - 34.22 - 34.3 -
The GBP/USD pair is experiencing a volatile course due to the Fed's interest rate cuts and optimistic expectations regarding the U.S. economy. This indicates that the pair is influenced by macroeconomic factors and is closely related to the direction of the Dollar Index. While the Fed's rate cut causes an increase in the pair, these gains have been given back following subsequent statements. Expectations for an interest rate cut by the Bank of England in upcoming meetings should be monitored carefully. The positive sentiment observed in external markets creates uncertainty for the pair ahead of the BoE meeting. Technically, the GBP/USD is monitored on a 4-hour chart and is currently trading at the 1.3157 level. The pair is displaying a positive outlook by being above the 55 and 89 period moving averages (1.3130 and 1.3150). The RSI indicator is at 59.53 and on a positive trend. Compared to the previous day, there has been an increase of approximately 0.0122%. In upward movements of the pair, the 1.3265 and 1.3640 resistance levels can be observed, while in downward movements, the 1.3130 and 1.3067 support levels can be monitored. Support:1.315 - 1.313 - 1.308 - Resistance:1.322 - 1.3265 - 1.3315
GBP/USD paritesi, Fed'in faiz indirimleri ve ABD ekonomisine dair iyimser beklentilerle dalgalı bir seyir izliyor. Bu durum, paritenin makroekonomik açıdan etkiler altında olduğunu ve özellikle Dolar Endeksi'nin yönüyle yakından ilişkili olduğunu gösteriyor. Fed'in faiz düşüşü, paritenin artış göstermesine sebep olurken, ardından gelen açıklamalarla bu kazançlar geri verilmiş durumda. İngiltere Merkez Bankası'nın önümüzdeki toplantılar için faiz indirimi beklentisi ise dikkatle izlenmeli. Dış piyasalarda gözlenen pozitif hava, BoE'nin toplantısı öncesinde parite üzerinde belirsizlik yaratıyor. Teknik olarak, GBP/USD 4 saatlik grafikte izleniyor ve şu anda 1,3157 seviyesinde işlem görüyor. Parite, 55 ve 89 periyotluk hareketli ortalamaların (1,3130 ve 1,3150) üzerinde bulunarak pozitif bir görünüm sergiliyor. RSI göstergesi ise 59,53 seviyesinde ve pozitif bir eğilimde bulunuyor. Önceki güne göre değişim %~0,0122 oranında artış göstermiş. Paritenin yukarı yönlü hareketlerinde 1,3265 ve 1,3640 direnç seviyeleri, aşağı yönlü hareketlerde ise 1,3130 ve 1,3067 destek seviyeleri izlenebilir. Destek:1.315 - 1.313 - 1.308 - Direnç:1.322 - 1.3265 - 1.3315 -
The EUR/USD pair has been drawing attention recently due to fluctuations in the Dollar Index following the 50 basis point rate cut by the U.S. Federal Reserve. After Fed Chairman Powell's speech, the dollar recouped its losses, and the EUR/USD pair also gave back its gains during this process. Economic data and central bank guidance from Europe and the UK may affect the short-term direction of the pair. In this environment, the EUR/USD pair will continue to be closely monitored in the markets. In technical analysis, in the 4-hour chart, the EUR/USD pair continues to trade above the 55 and 200 period moving averages. The pair may test resistance levels at 1.1150 and 1.1200 during upward movements. In downward movements, support levels at 1.1040 and 1.1090 become important. The RSI indicator, at 56.94, presents a neutral outlook. The EUR/USD pair is trading at 1.1120, marking a 0.08% change from the previous day. Support:1.109 - 1.104 - 1.099 - Resistance:1.115 - 1.12 - 1.124 -
EUR/USD paritesi, son dönemde ABD Merkez Bankası Fed'in 50 baz puanlık faiz indirimi sonrası Dolar Endeksi'ndeki dalgalanmalarla dikkat çekiyor. Fed Başkanı Powell'ın konuşması sonrası dolar kayıplarını telafi ederken, EUR/USD paritesi de bu süreçte kazançlarını geri verdi. Avrupa ve İngiltere'den gelecek ekonomik veriler ve merkez bankalarının yönlendirmeleri paritenin kısa vadeli yönü üzerinde etkili olabilir. Bu ortamda EUR/USD paritesi, piyasalarda yakından izlenmeye devam edecektir. Teknik analizde, 4 saatlik grafikte, EUR/USD paritesi 55 ve 200 periyotluk hareketli ortalamaların üzerinde işlem görmeye devam ediyor. Parite, yukarı yönlü hareketlerde 1,1150 ve 1,1200 direnç seviyelerini test edebilir. Aşağı yönlü hareketlerde ise 1,1040 ve 1,1090 destek seviyeleri önem kazanıyor. RSI göstergesi 56.94 seviyesinde, nötr bir görünüm sergiliyor. EUR/USD paritesi, önceki güne göre %0.08'lik bir değişim kaydederek 1.1120 seviyesinde seyrediyor. Destek:1.109 - 1.104 - 1.099 - Direnç:1.115 - 1.12 - 1.124 -
In the US natural gas market, a recovery is observed due to expectations of rising temperatures despite the pressure from a larger-than-expected increase in inventories. Pricing managed to stay above the 2.275-2.300 support levels, in line with the trend of European and US exchanges. This situation maintains the upward outlook, with potential targets at the 2.380 and 2.410 levels in case of further increases. However, for tracking developments that could lead to deeper declines, breaking the 2.275 level and having 4-hour closings below this level could be an important indicator. Looking at the chart in the hourly time frame, natural gas prices are trying to hold at current levels. The price at the 2.315 level is above the 2.280 and 2.232 support levels, with the 2.380 level monitored as resistance. The RSI indicator is at 60.85 and shows a positive trend. This may imply that the upward momentum in the markets could continue. The current price is at the 2.315 level, showing a limited increase compared to the previous day. Support:2.335 - 2.3 - 2.275 - Resistance:2.38 - 2.41 - 2.44 -
ABD doğal gaz piyasasında, stoklarda beklenenden fazla artışın yarattığı baskıya karşın hava sıcaklıklarının yükseleceği beklentileri nedeniyle bir toparlanma gözlemleniyor. Fiyatlamalar, Avrupa ve ABD borsalarının seyrine paralel olarak 2,275-2,300 destek seviyelerinin üzerinde kalmayı başardı. Bu durum, yukarı yönlü görünümün devamını sağlarken, olası yükselişlerde 2,380 ve 2,410 seviyelerinin hedeflenebileceği belirtiliyor. Ancak, düşüşlerin daha dip seviyelere inmesine neden olabilecek gelişmelerin takip edilebilmesi için, 2,275 seviyesinin kırılarak 4 saatlik kapanışların bu seviyenin altında gerçekleşmesi önemli bir gösterge olabilir. Grafiğe saatlik zaman diliminde bakıldığında, doğal gaz fiyatları mevcut seviyelerde tutunmaya çalışıyor. 2,315 seviyesindeki fiyat, 2,280 ve 2,232 destek seviyelerinin üzerindeyken, direnç olarak 2,380 seviyesi izleniyor. RSI göstergesi 60,85 seviyesinde ve pozitif bir eğilim sergiliyor. Bu durum, piyasalarda yukarı yönlü ivmenin devam edebileceğini ima edebilir. Mevcut fiyat 2,315 seviyesinde seyrediyor, önceki güne göre sınırlı bir artış görülüyor. Destek:2.335 - 2.3 - 2.275 - Direnç:2.38 - 2.41 - 2.44 -
The DAX 40 index experienced a volatile course this week in line with the monetary policy decisions and expectations of central banks in global markets, while European stock indices are generally preparing for an optimistic weekly close. It is noteworthy that, along with the indices of France and Spain, the DAX 40 showed a 1.60% increase. After reaching a new peak at the level of 19224, the index experienced partial pullbacks. The upcoming period will be quite data-driven, and this situation may create speculative effects on stock indices. From a technical analysis perspective, the DAX 40 index, examined on a 1- hour timeframe, maintains the importance of the 18965 – 19040 region, and it may continue its upward trend above these levels. Currently trading at around 18919, if the upward momentum continues, resistance levels at 19225, 19300, and 19395 can be monitored. The RSI indicator is at the level of 48.66, showing a neutral trend. It is noteworthy that the index fell by 0.08% compared to the previous day, while persistent movements below the 18965 – 19040 region could lead to reaction formations. Support:19040 - 18965 - 18885 - Resistance:19225 - 19300 - 19395
DAX 40 endeksi, bu hafta küresel piyasalarda merkez bankalarının para politikası kararları ve beklentileri doğrultusunda dalgalı bir seyir izlerken, Avrupa borsa endeksleri genel olarak iyimser bir hafta kapanışı yapmaya hazırlanıyor. Avrupa'da Fransa ve İspanya’nın endeksleriyle beraber DAX 40’ın da %1,60 oranında yükseliş göstermesi dikkat çekiyor. Endeks, 19224 seviyesinde yeni bir zirve gördükten sonra kısmi geri çekilmelere maruz kaldı. Önümüzdeki süreç oldukça veri odaklı olacak ve bu durum, borsa endeksleri üzerinde spekülatif etkiler yaratabilir. Teknik analiz açısından, 1 saatlik zaman diliminde incelenen DAX 40 endeksi, 18965 – 19040 bölgesi önemini koruyarak, bu seviyelerin üzerinde yükseliş eğilimini sürdürebilir. Şu an 18919 seviyelerinde işlem gören endekste yukarı yönlü ivmenin devam etmesi durumunda, 19225, 19300 ve 19395 direnç seviyeleri takip edilebilir. RSI göstergesi 48,66 seviyesinde ve nötr bir eğilim gösteriyor. Endeksin önceki güne göre %0,08 gerilemesi dikkat çekerken, 18965 – 19040 bölgesinin altındaki kalıcı hareketler tepki oluşumlarına öncülük edebilir. Destek:19040 - 18965 - 18885 - Direnç:19225 - 19300 - 19395
The NASDAQ 100 continues its rise following the Fed's 50 basis points rate cut. The index gained upward momentum with a recovery led by U.S. technology stocks. The strong performance of mega-cap tech firms like Nvidia, Tesla, Apple, Meta, and AMD contributed to the overall positive trend of the index. Markets are following FOMC member Harker's speech today. Signals of easing in the U.S. labor market create a positive atmosphere in Asian indices, while U.S. index futures are experiencing a slight pullback. The chart is shown in a 1-hour time frame. The index is trading above the 19800 – 19900 support zone during the day. It is supported by the 21-period exponential moving average around the 19838 level. In upward movements, the 20150 and 20250 levels are monitored as resistance. The RSI indicator is at 57.51, exhibiting a positive outlook, indicating that the rise may continue. However, a partial loss of 0.08% compared to the previous day has been observed. The NASDAQ 100 is trading at the level of 19803. Support:20000 - 19900 - 19800 Resistance:20150 - 20250 -20350 -
NASDAQ 100, Fed’in 50 baz puanlık faiz indirimi sonrasında yükselişini sürdürüyor. ABD teknoloji hisse senetlerinin başını çektiği bir toparlanma ile endeks yukarı yönlü ivme kazandı. Özellikle Nvidia, Tesla, Apple, Meta ve AMD gibi mega-cap teknoloji firmalarının güçlü performans göstermesi, endeksin genel pozitif seyrine katkıda bulundu. Piyasalar bugün FOMC üyesi Harker’ın konuşmasını takip ediyor. ABD iş gücü piyasasındaki yumuşama sinyalleri, Asya endekslerinde olumlu bir hava yaratırken, ABD endeks vadelileri ise hafif bir geri çekilme içinde. Grafik 1 saatlik zaman diliminde gösterilmektedir. Endeks, gün içerisinde 19800 – 19900 destek bölgesi üzerinde işlem görüyor. 19838 seviyesi civarındaki 21 periyotluk üstel hareketli ortalama tarafından desteklenmekte. Yukarı yönlü hareketlerde 20150 ve 20250 seviyeleri direnç olarak izleniyor. RSI göstergesi 57.51 ile pozitif bir görünümdedir, bu da yükselişin devam edebileceğine işaret ediyor. Ancak önceki güne göre %0.08'lik kısmi bir değer kaybı gözlenmiştir. NASDAQ 100, 19803 seviyesinde işlem görmektedir. Destek:20000 - 19900 - 19800 Direnç:20150 - 20250 - 20350 -
Brent crude oil is showing a strong pricing trend with the Federal Reserve’s 50 basis point interest rate cut and increasing risks in the Middle East. As oil approaches its fastest weekly rise since April, maintaining the support levels of 73.00 – 73.50 is important for the continuation of upward potential. In international markets, the positive trend in Asian indexes is noteworthy, which could indirectly support oil. Technically, Brent crude prices are examined on an hourly chart. While the support level at 73.31 is monitored, 75.50 and 76.00 are tracked as upward resistance levels. The RSI indicator is at 55.71, indicating a positive outlook. On a daily basis, the price has decreased by 0.09% to 73.87. As long as it stays above the current support zones, there is a possibility for oil prices to continue their upward trend. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Brent petrol, Fed’in gerçekleştirdiği 50 baz puanlık faiz indirimi ve Orta Doğu’daki artan risklerle birlikte güçlü bir fiyatlama eğilimi gösteriyor. Haftalık bazda Nisan ayından bu yana en hızlı yükselişini gerçekleştirmeye yaklaşan petrolün fiyatlamasında, 73,00 – 73,50 destek seviyelerinin korunması, yukarı yönlü potansiyelin devamı açısından önem taşıyor. Uluslararası piyasalarda ise Asya endekslerindeki pozitif seyir dikkat çekiyor, bu da petrol üzerinde dolaylı bir destek unsuru olabilir. Teknik açıdan, Brent petrol fiyatları saatlik grafikte inceleniyor. 73,31 seviyesindeki destek noktası izlenirken, yukarı yönlü direnç seviyeleri olarak 75,50 ve 76,00 takip ediliyor. RSI göstergesi 55,71 seviyesinde olup, pozitif bir görünüme işaret ediyor. Günlük bazda fiyatı %0,09 gerileyerek 73,87 seviyesinde yer alıyor. Mevcut destek bölgelerinin üzerinde kalındıkça, petrol fiyatlarının yukarı yönlü seyrini sürdürme ihtimali bulunuyor. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76
The WTIUSD pair is on an upward trend due to the Fed's 50 basis point interest rate cut and rising risks in the Middle East. In global markets, the positive trend in Asian indices and the potential impacts of economic indicators in the U.S. are being monitored. Particularly, the Bank of Japan's decision to make no changes and developments in U.S. employment data may influence the course of oil prices. Uncertainties regarding the Fed's next interest rate move are noteworthy in the markets. Technically, WTIUSD is trading on the hourly chart and is currently at the 71.959 level. In upward movements, the resistance levels of 71.50 and 72.00 may be tested. In downward movements, the support levels of 70.78 and 70.44 can be monitored. The RSI indicator is at the 56.24 level, and the market presents a positive outlook. The percentage change compared to the previous day is -0.08%. Pricing continues to move between the specified support and resistance areas. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5
WTIUSD paritesi, Fed'in gerçekleştirdiği 50 baz puanlık faiz indirimi ve Orta Doğu'da artan risklerin etkisiyle yükseliş eğiliminde. Küresel piyasalarda Asya endekslerindeki pozitif seyir ve ABD'deki ekonomik göstergelerin olası etkileri takip ediliyor. Özellikle Japonya Merkez Bankası'nın değişiklik yapmaması ve ABD istihdam verilerindeki gelişmeler, petrol fiyatlarının seyrinde etkili olabilir. Piyasalarda Fed’in bir sonraki faiz adımına dair belirsizlikler ise dikkat çekiyor. Teknik olarak, WTIUSD bir saatlik grafikte işlem görmekte olup, şu an 71.959 seviyelerinde bulunuyor. Yukarı yönlü hareketlerde 71.50 ve 72.00 direnç seviyeleri test edilebilir. Aşağı yönlü hareketlerde ise 70.78 ve 70.44 destek seviyeleri izlenebilir. RSI göstergesi 56.24 seviyesinde ve piyasa pozitif bir görünüm sergiliyor. Önceki güne göre değişim yüzdesi -0.08% düzeyinde gerçekleşmiştir. Fiyatlamalar, belirtilen destek ve direnç bölgeleri arasında hareketini sürdürmeye devam ediyor. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
Gold continues to gain value due to the increase in global geopolitical risks and the weakening of the dollar index following statements from the Fed, BoE, and BoJ. The escalation of tensions by Israel on the Lebanese border particularly raises geopolitical risk perception, supporting the rise in precious metals. In the short term, Harker's FOMC speech might influence movements in gold prices. Remaining above the 2570 – 2580 support level, which is closely monitored, maintains the upward trend. Otherwise, movements towards the 2560 and 2550 levels might be observed. In the 1-hour timeframe, the XAU/USD price is trading above the 2580.41 resistance level and is at 2592.65. Support levels are being monitored at 2573.24 and 2558.03. The RSI indicator is at 61.64, showing a positive outlook. Compared to the previous day, the price has changed by 0.04%. Gold maintains its upward trend from a technical perspective and has the potential to reach the 2600 resistance level. Support:2580 - 2570 - 2560 - Resistance:2600 - 2610 - 2620 -
Ons altın, küresel anlamda jeopolitik risklerin artması ve Fed, BoE ve BoJ beyanatlarının ardından dolar endeksindeki zayıflama sonucu değer kazanmaya devam ediyor. Özellikle İsrail’in Lübnan sınırında gerilimi artırması, jeopolitik risk algısını yükseltirken, değerli metalde yükselişi destekliyor. Kısa vadede Harker’ın FOMC konuşması altındaki hareketleri etkileyebilir. Ons altının takip edildiği seviye olan 2570 – 2580 destek bölgesinin üzerinde kalmaya devam etmesi, yukarı yönlü eğilimi koruyor. Aksi durumda 2560 ve 2550 seviyelerine yönelimler gözlenebilir. 1 saatlik zaman diliminde XAU/USD fiyatı 2580.41 direnç seviyesini aşarak işlem görüyor ve 2592.65 seviyesinde bulunuyor. Destek olarak 2573.24 ve 2558.03 seviyeleri izleniyor. RSI göstergesi 61.64 seviyesinde, pozitif bir görünüm sergiliyor. Önceki güne göre fiyat yüzde 0.04 oranında değişmiş durumda. Ons altın, teknik açıdan yukarı yönlü eğilimini sürdürüyor ve 2600 direncine doğru potansiyel taşıyor. Destek:2580 - 2570 - 2560- Direnç:2600 - 2610 - 2620 -
Despite the divergence of emerging market currencies against the US Dollar, the USD/TRY pair continues its weak trend. Following the Fed's interest rate decision, the perception in the markets that the US labor market is showing moderate slowdown is putting pressure on the dollar. This situation supports the pair trading at the 34.08 level. Geopolitical and economic uncertainties are limiting the strength of the Turkish Lira. In technical analysis, the first support levels observed in the 4-hour chart time frame are 33.96 and 33.80, while the resistance levels are 34.12 and 34.22. The RSI indicator is at 56, showing a positive trend. The USD/TRY pair is at 34.07, with a slight increase of 0.0087% compared to the previous day. Especially breaking above the 34.22 resistance could support upward movements of the pair. Support:33.96 - 33.88 - 33.8 - Resistance:34.12 - 34.22 - 34.3 -
USD/TRY paritesi, gelişmekte olan ülke para birimlerinin ABD Doları karşısındaki farklılaşmasına rağmen, Türk Lirası'nın zayıf seyrini sürdürüyor. Fed'in faiz kararı sonrası, piyasalarda ABD'deki istihdam piyasasının ılımlı bir yavaşlama gösterdiği yönündeki algı, dolar üzerinde baskı yaratuyor. Bu durum, paritenin 34,08 seviyesinde işlem görmesini destekliyor. Jeopolitik ve ekonomik belirsizlikler, Türk Lirası'nın gücünü sınırlandırıyor. Teknik analizde, 4 saatlik grafik zaman diliminde görülen ilk destek seviyeleri 33,96 ve 33,80, direnç seviyeleri ise 34,12 ve 34,22 olarak izleniyor. RSI göstergesi 56 seviyesinde, pozitif bir eğilim sergiliyor. USD/TRY paritesi, önceki güne kıyasla %0,0087'lik hafif bir yükselişle 34,07 seviyesinde bulunuyor. Özellikle 34,22 direncinin üzerine çıkılması, paritenin yukarı hareketlerini destekleyebilir. Destek:33.96 - 33.88 - 33.8 - Direnç:34.12 - 34.22 - 34.3 -
The GBP/USD pair is finding direction lately through major central banks' monetary policy announcements and economic data. Interest rate policies of banks such as the Fed, BoE, and BoJ play a decisive role for global markets, while the dollar index is trading between the range of 102.00 - 101.48, indicating a short-term bearish trend in the US currency. Retail sales data from the UK and BoE communications could have an impact on the pound. In light of global developments, we are in a period where market participants are closely watching the next steps of central banks. From a technical perspective, the chart is on a 4-hour timeframe. The GBP/USD pair is rising towards the 1.3315 resistance, and moves above this level could support further upward potential. In downward movements, the levels of 1.3140 and 1.3070 should be monitored as support. The RSI indicator is at 65, showing a positive outlook, which suggests the potential for price increases. The pair changed by 0.02% compared to the previous day, and the current price is at the 1.3289 level. Support:1.3265 - 1.322 - 1.318 - Resistance:1.3315 - 1.3355 - 1.34 -
GBP/USD paritesi, son dönemde büyük merkez bankalarının para politikaları açıklamaları ve ekonomik verilerle yön buluyor. Fed, BoE ve BoJ gibi bankaların faiz politikaları, küresel piyasalar için belirleyici rol oynarken, dolar endeksi 102,00 - 101,48 aralığında seyrediyor, bu da ABD para biriminde kısa vadeli düşüş eğilimini gösteriyor. İngiltere'den gelecek perakende satış verileri ve BoE iletişimleri ise sterlin üzerinde etkili olabilir. Küresel gelişmeler ışığında, piyasa katılımcılarının merkez bankalarının bir sonraki adımlarını dikkatle izledikleri bir dönemdeyiz. Teknik açıdan bakıldığında, grafik 4 saatlik zaman dilimindedir. GBP/USD paritesi, 1,3315 direncine doğru yükselmekte olup, bu seviyenin üzerindeki hareketler daha fazla yukarı yönlü potansiyeli destekleyebilir. Aşağı yönlü hareketlerde ise 1,3140 ve 1,3070 seviyeleri destek olarak izlenmelidir. RSI göstergesi 65 seviyesinde ve pozitif bir görüntü sergiliyor, bu da fiyatların yükselme potansiyeline işaret ediyor. Parite, önceki güne göre %0,02 oranında değişti ve mevcut fiyat 1,3289 seviyesinde bulunuyor. Destek:1.3265 - 1.322 - 1.318 - Direnç:1.3315 - 1.3355 - 1.34 -
The EUR/USD pair continues towards the end of the week with limited volatility during a period when more information is being obtained about the roadmap of major central banks. As central banks like the Fed, ECB, BoE, and BoJ conclude their monetary policies, uncertainty regarding the next steps diminishes in the markets, making the impact of data on the economic calendar significant. The dollar index, on the other hand, remains in a longterm negative trend, maintaining its low levels. This could potentially create an advantage for the euro. In technical analysis, the pair is trading at the 1.1106 level on the 4-hour chart. Moving towards the 1.1150 resistance level, surpassing this level could provide new upward momentum towards the 1.1200 barrier. In potential pullbacks, the 1.1106 and 1.1089 support levels should be monitored. The RSI indicator is at 60.22, showing a positive outlook. According to yesterday's price movement, the pair has shown a 0.02% decrease. Currently, the pair is observed to be trading at the 1.1106 level. Support:1.115 - 1.11 - 1.104 - Resistance:1.12 - 1.124 - 1.1275 -
EUR/USD paritesi, haftanın sonlarına doğru volatilitesi sınırlı kalarak, majör merkez bankalarının yol haritasına dair daha fazla bilginin edinildiği bir dönemde devam ediyor. Fed, ECB, BoE ve BoJ gibi merkez bankalarının para politikalarını tamamlamasıyla birlikte, piyasalarda bir sonraki adımlara dair belirsizlik azalırken, ekonomik takvimdeki verilerin etkisi önemli hale geliyor. Dolar endeksi ise uzun vadeli bir negatif trend içerisinde kalarak, düşük seviyelerini korumaya devam ediyor. Bu durum, euro üzerinde potansiyel bir avantaj oluşturabilir. Teknik analizde, parite 4 saatlik grafikte 1,1106 seviyesinde işlem görüyor. 1,1150 direnç seviyesine doğru bir hareket izlerken, bu seviyenin aşılması 1,1200 bariyerine doğru yeni bir yükseliş ivmesi sağlayabilir. Olası geri çekilmelerde, 1,1106 ve 1,1089 destek seviyeleri takip edilmeli. RSI göstergesi 60.22 seviyesinde olup, pozitif bir görünüm sergiliyor. Dünkü fiyat hareketine göre parite %0,02 düşüş göstermiş durumda. Güncel durumda paritenin 1,1106 seviyesinden işlem gördüğü gözlemleniyor. Destek:1.115 - 1.11 - 1.104 - Direnç:1.12 - 1.124 - 1.1275 -
The NGCUSD pair is trying to find balance depending on the course of global markets. US natural gas futures contracts are influenced by changes in central banks' monetary policies and global economic sentiments. Particularly the performance of US and European stock exchanges has the potential to drive energy demand and affect natural gas pricing. Geopolitical developments in the Middle East can also create fluctuations in energy markets. In technical analysis, it is observed that the pair is still in an upward trend on the 1-hour chart. The support level at 2.710 plays an important role. In the event of continued upward movements, the resistance levels of 2.780 and 2.820 can be monitored, while closures at 2.710 and below during declines may trigger new drops. Since the RSI indicator is at the level of 70.28, it is in the overbought zone, which indicates that selling pressure may increase. The 0% change in the last 24 hours shows that the price has maintained its situation, and it is currently at the level of 2.453. Support:2.71 - 2.675 - 2.65 - Resistance:2.78 - 2.82 - 2.85 -
NGCUSD paritesi, küresel piyasaların seyrine bağlı olarak denge bulmaya çalışıyor. ABD doğal gaz vadeli işlem kontratları, merkez bankalarının para politikalarındaki değişiklikler ve küresel ekonomik duyarlılıklar tarafından etkileniyor. Özellikle ABD ve Avrupa borsalarının performansı, enerji talebini yönlendirebilecek potansiyele sahip ve doğal gaz fiyatlamalarını etkileyebilir. Orta Doğu'daki jeopolitik gelişmeler de enerji piyasalarında dalgalanmalar yaratabiliyor. Teknik analizde, 1 saatlik grafikte, paritenin halen bir yükseliş eğiliminde olduğu gözlemleniyor. 2.710 seviyesindeki destek önemli bir rol oynuyor. Yukarı yönlü hareketlerin devamı durumunda, 2.780 ve 2.820 direnç seviyeleri izlenebilirken, düşüşlerde 2.710 ve altındaki kapanışlar yeni düşüşleri tetikleyebilir. RSI göstergesi 70.28 seviyesinde olduğu için aşırı alım bölgesinde, bu durum satış baskısının artabileceğine işaret ediyor. Son 24 saatteki %0'lık değişim, fiyatın durumunu koruduğunu gösteriyor ve fiyat şu anda 2.453 düzeyinde bulunuyor. Destek:2.71 - 2.675 - 2.65 - Direnç:2.78 - 2.82 - 2.85 -
The DAXEUR pair is focusing on PMI data for the manufacturing and services sectors in the new week following the decisions of major central banks. This week, growth and PCE inflation data from the US, along with speeches by Fed Chair Powell and ECB President Lagarde, will be in investors' focus. Statements from Fed members and the outcome of the PCE data could also create volatility in the markets. Tensions in the Middle East are causing oil prices to rise, while expectations of economic stimulus in China are reflecting positively on Asian indices. Technically speaking, on the hourly chart, the DAX 40 index is trading above the shorter-term EMA 50 and stands at 18807 levels. While 18885 is monitored as the initial support level, 19100 is an important resistance level to watch. The RSI indicator is at 47.47, showing a neutral trend. DAXEUR, which experienced a 0.05% drop compared to yesterday, needs to maintain stability at the determined support or resistance levels for a sudden movement. The current price is hovering at the 18807 level. Support:18885 - 18780 - 18700 - Resistance:19100 - 19225 - 19300
DAXEUR paritesi, majör merkez bankalarının kararlarının ardından başlayan yeni haftada imalat ve hizmet sektörüne yönelik PMI verilerine odaklanıyor. Bu hafta ABD'den gelecek büyüme ve PCE enflasyon verileri ile Fed Başkanı Powell ve ECB Başkanı Lagarde'ın konuşmaları yatırımcıların dikkatinde olacak. Fed üyelerinin yapacağı açıklamalar ve PCE verisi sonucu da piyasalar üzerinde hareketlilik yaratabilir. Orta Doğu'daki gerilim, petrol fiyatlarının yükselmesine neden olurken, Çin'deki ekonomik canlandırma beklentileri ise Asya endekslerine pozitif yansımaktadır. Teknik olarak incelendiğinde, saatlik grafikte DAX 40 endeksi, daha kısa vadeli EMA 50'nin üzerinde işlem görüyor ve 18807 seviyelerinde bulunuyor. 18885 ilk destek seviyesi olarak izlenirken, 19100 ise takip edilmesi gereken önemli direnç seviyesidir. RSI göstergesi 47.47 seviyesinde olup nötr bir eğilim gösteriyor. Düne göre %0.05'lik bir düşüş yaşayan DAXEUR'un ani bir hareket için belirlenen destek veya direnç seviyelerinde kalıcılık göstermesi önemli olacaktır. Güncel fiyat 18807 seviyesinde seyretmektedir. Destek:18885 - 18780 - 18700 - Direnç:19100 - 19225 - 19300 -
The NASDAQ100 index is drawing investors' attention ahead of the expected PMI data in the USA. As developments following the Fed's interest rate cut affect the markets, the expectation of expansionary measures for the Chinese economy is seen to have a positive reflection on Asian markets. Despite geopolitical tensions in the Middle East, it is emphasized that US index futures have started the week positively. In this context, the NASDAQ100 index is displaying a strong upward trend, particularly despite the recovery in the 10-year bond yield. Technically, the NASDAQ100 index is trading above the 19900 – 20000 support zone on the hourly chart. As long as it remains above this area, the upward trend could potentially target resistance levels of 20250 and 20350. The RSI indicator is at 60.71, showing a positive outlook. The current price of the index, which experienced a 0.09% drop compared to the previous day, is at 19886. In light of this data, it is notable that monitoring the index's support and resistance levels remains necessary. Support:20000 - 19900 - 19800- Resistance:20250 - 20350 -20500 -
NASDAQ100 endeksi, ABD'de beklenen PMI verileri öncesinde yatırımcıların dikkatini çekiyor. Fed'in faiz indirimi sonrasındaki gelişmeler piyasaları etkilerken, Çin ekonomisine yönelik genişleyici önlemler beklentisinin Asya piyasalarına olumlu yansıdığı görülüyor. Orta Doğu’daki jeopolitik gerginliklere rağmen, ABD endeks vadelilerinin haftaya pozitif başladığı vurgulanıyor. Bu çerçevede, NASDAQ100 endeksi, özellikle 10 yıllık tahvil faizindeki toparlanmaya rağmen sert bir yükseliş trendi sergiliyor. Teknik olarak, NASDAQ100 endeksi saatlik grafikte 19900 – 20000 destek bölgesinin üzerinde işlem görüyor. Bu bölgenin üzerinde kalındığı sürece yükseliş eğilimi potansiyel olarak 20250 ve 20350 direnç seviyelerini hedefleyebilir. RSI göstergesi 60.71 seviyesinde, pozitif bir görünüm sergiliyor. Bir önceki güne göre %0.09'luk bir düşüş yaşamış olan endeksin güncel fiyatı 19886'da bulunuyor. Bu veriler ışığında, endeksin destek ve direnç seviyelerinin izlenmeye devam edilmesi gerekliliği dikkat çekiyor. Destek:20000 - 19900 - 19800 - Direnç:20250 - 20350 - 20500 -
Brent crude oil futures continue their upward movement due to geopolitical tensions and expectations of expansionary steps from China. Increasing tensions in the Middle East and the positive mood in Asian markets, especially the expectation of expansion measures in the Chinese economy, are supporting Brent crude oil prices. While the results of PMI data in the US and Eurozone remain the focus of markets, the impact of these data on economies is being closely monitored. In technical analysis, Brent crude is trading at around 74.30 on the hourly chart. The 73.00 - 73.50 range is being monitored as support, while 75.50 and 76.00 serve as resistance levels in upward movements. The RSI indicator is at 59.35, showing a slightly positive trend. There is a 0.06% decrease compared to the previous day. The overall outlook is positive as long as the price remains above support levels. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Brent petrol vadeli işlemleri, jeopolitik gerilimler ve Çin'den gelen genişleyici adım beklentileriyle yukarı yönlü hareketini sürdürüyor. Orta Doğu'daki artan gerginlikler ve Asya piyasalarındaki pozitif hava, özellikle Çin ekonomisinde genişleme önlemleri beklentisi, Brent petrol fiyatlarına destek sağlıyor. ABD ve Euro Bölgesi'nde PMI verilerinin sonuçları piyasaların odağında kalırken, bu verilerin ekonomiler üzerindeki etkisi yakından izleniyor. Teknik analizde, Brent petrol bir saatlik grafikte 74.30 seviyelerinde işlem görüyor. 73.00 - 73.50 bandı destek olarak izlenirken, yukarı yönlü hareketlerde 75.50 ve 76.00 direnç seviyeleri mevcut. RSI göstergesi 59.35 seviyesinde olup, hafif pozitif bir eğilim sergiliyor. Önceki güne göre %0.06 oranında bir düşüş mevcut. Genel görünüm, fiyatın destek seviyelerinin üzerinde kaldığı sürece pozitif eğilim gösteriyor. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76 -
WTI crude oil prices continue to remain in an upward trend due to geopolitical tensions and expectations of expansionary measures in China. The increasing tensions in the Middle East and China's expansionary measures to stimulate the economy stand out as the main factors supporting prices. While the PMI data expected from the U.S. and Europe could be decisive in the markets, investors will observe whether the economic data will be positive during this process. Additionally, uncertainties in the Fed's interest rate policies and the measures taken by China seem to have an impact on prices. In the WTIUSD chart analysis, on the 1-hour time frame, the 72.00 level appears as resistance and the 70.50 level as support. The RSI indicator is at 59.30, exhibiting a positive trend. On a daily basis, WTI crude oil prices are trading at 72.47, down 0.06% compared to the previous day. Overall, while pricing maintains an upward outlook, it can be considered that if the 72.00 resistance is exceeded, the 72.50 level might be tested. Support:71 - 70.5 - 70 - Resistance:72 - 72.5 - 73 -
WTI ham petrol fiyatları, jeopolitik gerilimler ve Çin’de genişleyici önlemler beklentileriyle yükseliş eğiliminde kalmaya devam ediyor. Orta Doğu'daki artan gerilim ve Çin’in ekonomiyi canlandırma amacıyla aldığı genişleyici tedbirler, fiyatları destekleyen ana etmenler olarak öne çıkıyor. ABD ve Avrupa’dan beklenen PMI verileri de piyasalarda yön belirleyici olabilirken, yatırımcılar bu süreçte ekonomik verilerin olumlu olup olmayacağını gözlemleyecek. Ayrıca, Fed'in faiz politikalarındaki belirsizliklerin yanı sıra Çin’in aldığı önlemlerin de fiyatlar üzerinde etkili olduğu görülüyor. WTIUSD grafik analizinde 1 saatlik zaman diliminde 72,00 seviyesinin direnç, 70,50 seviyesinin ise destek olarak öne çıktığı görülüyor. RSI göstergesi 59,30 seviyesinde olup, pozitif bir eğilim sergilemekte. Günlük bazda WTI ham petrol fiyatları, önceki güne göre %0,06 düşüşle 72,47 seviyesinde seyrediyor. Genel olarak fiyatlamalar yukarı yönlü görünümünü korurken, 72,00 direncinin aşılması halinde 72,50 seviyesinin test edilebileceği değerlendirilebilir. Destek:71 - 70.5 - 70 - Direnç:72 - 72.5 - 73 -
Gold is experiencing a strong positive trend as geopolitical tensions in the Middle East increase safe haven demand. The conflicts between Israel and Lebanon contribute to gold trading at high levels, while preliminary services and manufacturing PMI data to be announced during the day will be closely monitored by investors. Gold is trying to maintain its upward trend by holding within the 2600 – 2610 range, but unless it stays above this region and breaks above the 2630 level, new peak attempts may remain limited. According to the alternative scenario, closures below the mentioned support region could lead the price to move towards the 2580 levels. According to the chart analysis, XAU/USD is trading on an hourly timeframe. Priced at the current level of 2628.75, gold may view the 2630 and 2640 levels as resistance in its upward movement. In downward movements, the 2600 and 2590 levels will be followed as support. The RSI indicator is at the level of 69.48 and shows a positive trend, indicating that the price is approaching the overbought area. With a decrease of roughly 0.03% compared to the previous day, gold has the potential to continue its positive trend from these levels. Support:2620 - 2610 - 2600 - Resistance:2630 - 2640 - 2650-
Ons altın, Orta Doğu’da artan jeopolitik gerilimlerin güvenli liman talebini artırmasıyla güçlü pozitif bir seyir izliyor. İsrail ile Lübnan arasındaki çatışmalar ons altının yüksek seviyelerde işlem görmesine katkı sağlarken, gün içinde açıklanacak olan öncü hizmet ve imalat PMI verileri yatırımcılar tarafından yakından izlenecek. Altın, 2600 – 2610 aralığında tutunarak yukarı yönlü eğilimini korumaya çalışırken, bu bölgenin üstünde kalmadıkça 2630 seviyesi yukarı kırılmadıkça yeni zirve denemeleri sınırlı kalabilir. Alternatif senaryoya göre ise, belirtilen destek bölgesi altındaki kapanışlar, fiyatın 2580 seviyelerine yönelmesine yol açabilir. Grafik analizine göre, XAU/USD 1 saatlik zaman diliminde işlem görmekte. Mevcut 2628.75 seviyesinde fiyatlanan altın, yukarı yönlü hareketinde 2630 ve 2640 seviyelerini direnç olarak izleyebilir. Aşağı yönlü hareketlerde ise 2600 ve 2590 seviyeleri destek olarak takip edilecektir. RSI göstergesi 69.48 seviyesinde ve pozitif bir eğilim sergiliyor, bu da fiyatın aşırı alım bölgesine yaklaştığını gösteriyor. Bir önceki güne göre yaklaşık %0.03’lük bir düşüş yaşayan ons altın, bu seviyelerden pozitif eğilimini devam ettirme potansiyeline sahip olabilir. Destek:2620 - 2610 - 2600 - Direnç:2630 - 2640 - 2650 -
The USD/TRY pair draws attention due to divergences in emerging markets and the weak status of the Turkish Lira against the US Dollar. Global factors and Turkey-specific economic dynamics play a significant role in influencing the exchange rate. Changes in the US interest rate policies, reactive behaviors, and geopolitical developments may guide its direction. The optimism of China's economy, the Fed's interest rate cuts, and developments in global markets could affect the performance of the Turkish Lira. When a 4-hour time frame is considered on the USD/TRY chart, the pair is trading close to the 34.09 level. The 33.91 level is an important support zone, and downward movements may encounter buyers at this level. In upward movements, the levels of 34.12, 34.18, and 34.26 stand out as resistance. The RSI indicator is at the 55.93 level and moves in a neutral position, indicating no clear trend direction in the market. The pair shows a 0.01% decline on a daily basis, with its current price at the 34.08 level. Support:34.03 - 33.96 - 33.91 - Resistance:34.12 - 34.18 - 34.26 -
USD/TRY paritesi, gelişmekte olan piyasalardaki farklılaşmalar ve Türk Lirası'nın ABD Doları karşısındaki zayıf durumu ile dikkat çekiyor. Küresel faktörler ve Türkiye'ye özgü ekonomik dinamikler, kur üzerinde önemli bir rol oynamakta. ABD'nin faiz politikalarındaki değişiklikler ile tepkisel davranışlar ve jeopolitik gelişmeler üzerinden yön bulabilir. Çin ekonomisinin iyimserliği, Fed'in faiz indirimi ve global piyasalardaki gelişmeler Türk Lirası'nın performansını etkileyebilecektir. USD/TRY grafiğinde 4 saatlik zaman dilimi ele alındığında, parite 34,09 seviyesine yakın işlem görüyor. 33,91 önemli bir destek bölgesi olup, aşağı yönlü hareketler bu seviyede alıcılarla karşılaşabilir. Yukarı yönlü hareketlerde ise 34,12, 34,18 ve 34,26 seviyeleri direnç olarak öne çıkıyor. RSI göstergesi 55,93 seviyesinde ve nötr bir pozisyonda hareket ediyor, bu da piyasada belirgin bir yön eğiliminin olmadığını gösteriyor. Günlük bazda yüzde 0,01'lik bir düşüş gösteren paritenin güncel fiyatı 34,08 seviyelerinde. Destek:34.03 - 33.96 - 33.91 - Direnç:34.12 - 34.18 - 34.26 -
This week, the focus of global markets on the GBPUSD pair will be on the economic data coming from the US and the Eurozone, as well as statements from central bank officials. Particularly, the growth and PCE inflation data from the US could be decisive for the dollar. Moreover, statements from Fed officials may lead to a search for new directions in the markets. The Classic Dollar Index remaining below the 102.00 – 101.48 range indicates that the negative pressure on the dollar persists. This situation could support the upward movement of the GBPUSD pair. Especially, the 55 and 89-period averages in the 1.3180 – 1.3220 range remain significant. From a technical analysis perspective, on the 4-hour chart, it is observed that the pair is testing the 1.3320 resistance, which is crucial to determine whether this level will result in reactive selling or a trend rally. The 1.3360 and 1.3400 barriers should also be monitored for upward movements. In case of a downward movement, the 1.3180 level acts as a support. The RSI indicator is at 66.71, presenting a positive outlook. The pair is trading at the 1.3317 level with a 0.00% change during the day. In light of these data, the short-term positive trend in the GBPUSD pair may continue. Support:1.3265 - 1.322 - 1.318 - Resistance:1.332 - 1.336 - 1.34 -
GBPUSD paritesi, bu hafta küresel piyasaların gözü, ABD ve Euro Bölgesi'nden gelecek ekonomik veriler ve merkez bankası yetkililerinin açıklamalarında olacak. Özellikle ABD'den gelecek büyüme ve PCE enflasyon verileri dolar üzerinde belirleyici olabilir. Ayrıca, Fed yetkililerinin yapacakları açıklamalar piyasalarda yeni yön arayışlarına sebep olabilir. Klasik Dolar Endeksi’nin 102,00 – 101,48 bölgesi altında seyretmesi, dolardaki negatif baskının sürdüğüne işaret ediyor. Bu durum, GBPUSD paritesinin yukarı yönlü hareketini destekleyici nitelikte olabilir. Özellikle 1,3180 – 1,3220 bölgesindeki 55 ve 89 periyotluk ortalamalar önemini koruyor. Teknik analiz açısından 4 saatlik grafikte, paritenin 1,3320 direncini test ettiği gözlemleniyor ve bu seviye tepkisel satışlar mı yoksa trend rallisi mi oluşturtacağını belirlemek için kritik öneme sahip. Yukarı hareketlerde 1,3360 ve 1,3400 bariyerleri de izlenmeli. Aşağı yönlü hareket halinde ise 1,3180 seviyesi destek olarak karşımıza çıkıyor. RSI göstergesi 66,71 seviyesinde bulunarak, pozitif bir görünüm sunuyor. Parite gün içerisinde %0,00'lik bir değişimle 1,3317 seviyesinden işlem görmekte. Bu veriler ışığında GBPUSD paritesinde kısa vadeli pozitif eğilim devam edebilir. Destek:1.3265 - 1.322 - 1.318 - Direnç:1.332 - 1.336 - 1.34 -
The EUR/USD pair is starting the new week with significant economic data and speeches in focus following the decisions of major central banks. PMI data, US growth and PCE inflation data, speeches by the Fed and ECB presidents as well as many Fed officials, can be decisive on the Dollar and Euro. These high-importance developments, which will be monitored throughout the week, may increase volatility in the currency markets. The Dollar Index continuing its negative trend below the 102.00 – 101.48 range could also affect the EUR/USD pair. On the chart, the EUR/USD pair continues to remain above the 55 and 200- period moving averages and is close to testing the 1.12 resistance. Observed on a 4-hour time frame, the pair gained strength over the averages in the 1.1040 - 1.1100 range. If this trend continues, there may be a room for an upward move toward 1.1275 following a peak of 1.12. Support levels are being tracked at 1.1100 and 1.1040. The RSI indicator shows a slightly positive outlook at 58.92. The pair has changed by 0.01% compared to the previous day and is currently trading at 1.1165. Support:1.115 - 1.11 - 1.104 - Resistance:1.12 - 1.124 - 1.1275 -
EUR/USD paritesi, majör merkez bankalarının kararlarının ardından yeni haftaya önemli ekonomik verilerin ve konuşmaların odağında başlıyor. PMI verileri, ABD'de büyüme ve PCE enflasyon verileri, Fed ve ECB başkanlarının yanı sıra birçok Fed yetkilisinin konuşmaları, Dolar ve Euro üzerinde belirleyici olabilir. Hafta boyunca izlenecek bu yüksek öneme sahip gelişmeler, döviz piyasalarında hareketliliği artırabilir. Dolar Endeksi'nin 102,00 – 101,48 bölgesi altında negatif seyrini sürdürmesi de, EUR/USD paritesi üzerinde etkili olabilir. Grafikte, EUR/USD paritesi 55 ve 200 periyotluk hareketli ortalamaların üzerinde kalmayı sürdürüyor ve 1,12 direncini test etmeye yakın. 4 saatlik zaman diliminde izlenen parite, 1,1040 - 1,1100 bölgesindeki ortalamaların üzerinden güç kazandı. Bu eğilim devam ederse, 1,12 zirvesi ardından 1,1275 seviyesine doğru yükseliş alanı oluşabilir. Destek seviyeleri olarak 1,1100 ve 1,1040 izleniyor. RSI göstergesi 58,92 ile hafif pozitif bir görünüm sergiliyor. Parite önceki güne göre %0,01 oranında değişim göstermiş ve güncel olarak 1,1165 seviyesinden işlem görüyor. Destek:1.115 - 1.11 - 1.104 - Direnç:1.12 - 1.124 - 1.1275 -
U.S. natural gas prices continue to rise with forecasts predicting potential disruptions in production in the Gulf of Mexico. This development could be closely linked with movements in the European and U.S. stock markets. As long as prices remain above the 2.780 – 2.820 support levels, the upward outlook may be valid, targeting levels of 2.910 and 2.940. However, if prices fall below the 2.780 level, a pullback toward the 2.740 and 2.710 levels may occur. Technically, NGCUSD is examined on the hourly chart. The pair is trading above the EMA 50 level of 2.484, and the RSI indicator is at 73.84, indicating overbought conditions, presenting a positive outlook. Compared to the previous day's closing, the price change has occurred in a positive direction. The current price is at 2.624, and the upward momentum may seem to continue. Support:2.85 - 2.82 - 2.78 - Resistance:2.88 - 2.91 - 2.94
ABD doğal gaz fiyatları, Meksika Körfezi'nde üretimin yeniden etkilenebileceğine dair tahminlerle birlikte yükselişini sürdürüyor. Bu gelişme, özellikle Avrupa ve ABD borsalarındaki hareketlerle de yakından ilişkili olabilir. Fiyatlar 2,780 – 2,820 destek seviyelerinin üzerinde kaldığı sürece yukarı yönlü görünüm geçerli olabilir ve 2,910 ile 2,940 seviyeleri hedeflenebilir. Ancak, fiyatların 2,780 seviyesinin altına düşmesi durumunda 2,740 ve 2,710 seviyelerine doğru bir geri çekilme yaşanabilir. Teknik açıdan, NGCUSD saatlik grafikte inceleniyor. Parite, 2,484 olan EMA 50 seviyesi üzerinde seyrediyor ve RSI göstergesi 73,84 ile aşırı alım bölgesine işaret ederek pozitif bir görünüm sergiliyor. Önceki günkü kapanışa göre fiyat değişimi pozitif yönde gerçekleşmiş. Mevcut fiyat 2,624 seviyesinde olup, yukarı yönlü ivme devam edebilir gibi görünüyor. Destek:2.85 - 2.82 - 2.78 - Direnç:2.88 - 2.91 - 2.94 -
The DAX 40 index is experiencing a volatile trend influenced by macro data from global and European markets. The PMI data from the US and Europe falling below expectations is placing pressure on the index, while comments from Fed officials on monetary policy and employment are drawing attention. The German IFO Business Climate Index and forthcoming statements from FOMC members could be decisive for the direction of the index. The fact that the PMI data for the services sector remains in the 50 reference area indicates that there is no significant loss of momentum in the European economy. In technical analysis, the index shows an upward trend on the hourly chart. A sustained move above the 19100 resistance level may bring the 19225 peak and 19395 trend target region into focus. In downward movements, the 18885 support level holds critical importance. The RSI indicator is at 69.46, displaying a positive outlook. The index is currently trading at 18978, representing a 0.13% increase compared to the previous day. Support:18980 - 18885 - 18780 - Resistance:19100 - 19225 - 19300-
DAX 40 endeksi, küresel ve Avrupa pazarlarından gelen makro verilerle dalgalı bir seyir izliyor. ABD ve Avrupa'daki PMI verilerinin beklenti altında kalması, endeks üzerinde baskı yaratırken, Fed yetkililerinin para politikası ve istihdama yönelik yorumları dikkat çekiyor. Alman IFO İş İklimi Endeksi ve FOMC üyelerinden gelecek açıklamalar, endeksin yönü üzerinde belirleyici olabilir. Özellikle hizmet sektörü PMI verilerinin 50 referans bölgesinde seyretmesi, Avrupa ekonomisinde belirgin bir ivme kaybı olmadığını gösteriyor. Teknik analizde, endeks bir saatlik grafikte yükseliş yönlü bir seyir izliyor. 19100 direnç seviyesi üzerinde kalıcı bir hareketin 19225 zirvesi ve 19395 trend hedef bölgesini gündeme getirme ihtimali bulunuyor. Aşağı yönlü hareketlerde 18885 destek seviyesi kritik bir önem taşıyor. RSI göstergesi 69.46 seviyesinde olup pozitif bir görünüm sergiliyor. Endeks, önceki güne göre %0.13 artış göstererek şu an 18978 seviyesinde işlem görüyor. Destek:18980 - 18885 - 18780 - Direnç:19100 - 19225 - 19300
The NASDAQ 100 index is making recovery efforts with statements from FOMC member Bostic and improvements in economic indicators. Bostic, highlighting the rapid cooling of inflation and the labor market, stated that monetary policy could normalize sooner. While these developments offer positive elements for the index, data to be monitored intraday includes the Conference Board consumer confidence and the Richmond manufacturing index. Additionally, the stimulus decisions from China's Central Bank have increased optimism in Asian markets. Technically, the NASDAQ 100 is being monitored on the hourly chart. As long as the index continues to trade above the 19900 – 20000 range, the positive trend may be maintained. In upward movements, the levels of 20150 and 20250 come to the forefront as resistance. In the event of a downward movement, if it falls below 19900, the levels of 19800 and 19700 could serve as support. The RSI indicator is at 56, indicating a positive trend. There is a 0.07% increase compared to the previous day, and currently, the index is trading at the 19864 level. Support:20000 - 19900 - 19800 Resistance:20150 - 20250 -20350
NASDAQ 100 endeksi, FOMC üyesi Bostic'in açıklamaları ve ekonomik göstergelerdeki iyileşmeler ile birlikte toparlanma çabasında. Enflasyon ve işgücü piyasasının hızlı soğumasına dikkat çeken Bostic, para politikasının daha erken normalleşebileceğini belirtti. Bu gelişmeler, endeks için pozitif unsurlar sunarken, gün içi takip edilecek veriler arasında Conference Board tüketici güveni ve Richmond imalat endeksi bulunuyor. Ayrıca Çin Merkez Bankası’nın teşvik kararları da Asya piyasalarında iyimserliği artırdı. Teknik açıdan, NASDAQ 100 saatlik grafikte izleniyor. Endeks, 19900 – 20000 bölgesi üzerinde işlem görmeye devam ettikçe pozitif eğilim korunabilir. Yukarı yönlü hareketlerde 20150 ve 20250 seviyeleri direnç olarak öne çıkıyor. Aşağı yönlü harekette ise 19900 altına düşüş halinde 19800 ve 19700 seviyeleri destek konumunda olabilir. RSI göstergesi 56 seviyesinde olup, pozitif bir eğilim sergiliyor. Önceki güne göre %0.07 oranında bir yükseliş mevcut ve güncel olarak endeks 19864 seviyesinde işlem görüyor. Destek:20000 - 19900 - 19800 Direnç:20150 - 20250 - 20350 -
Brent crude oil prices are in search of stabilization amidst high geopolitical risks. Despite profit-taking, this risk perception limits losses. The daily performance of European and US stock markets and the stock data to be announced by the American Petroleum Institute will be closely monitored. Due to pricing within the support levels of 73.00 – 73.50, an upward movement is expected to continue. Levels of 74.50 and 75.00 stand out as potential targets. Brent crude is trading at 73.67 on the hourly chart. Currently, the resistance level is monitored at 73.951 and support at 73.132. The RSI indicator is at 55 and shows a positive outlook. A 0.02% increase has been recorded compared to the previous day. The search for direction in oil prices could become clearer with the traversal of technical levels and resistance levels, as indicated by the short-term stability and indicators. Support:73.5 - 73 - 72.5 - Resistance:74.5 - 75 - 75.5 -
Brent petrol fiyatları, jeopolitik risklerin yüksek seyretmesiyle birlikte stabilizasyon arayışı içerisinde. Kar satışlarına rağmen, bu risk algısı kayıpların sınırlı kalmasını sağlıyor. Avrupa ve ABD borsalarının günlük seyri ile Amerikan Petrol Enstitüsü’nün açıklayacağı stok verileri yakından izlenecektir. 73,00 – 73,50 destek seviyeleri dahilindeki fiyatlamalar nedeniyle yukarı yönlü hareketin devam etmesi bekleniyor. 74,50 ve 75,00 seviyeleri ise potansiyel hedefler olarak öne çıkmakta. Brent petrol, saatlik grafikte 73,67 seviyesinde işlem görüyor. Mevcut durumda 73,951 direnç ve 73,132 destek seviyeleri olarak izleniyor. RSI göstergesi 55 seviyesinde ve pozitif görünüm sergiliyor. Önceki güne göre %0,02’lik bir artış kaydedilmiş durumda. Petrol fiyatlarının yön arayışı, teknik seviyeler ve göstergelerin de belirttiği gibi kısa vadeli istikrar ve direnç seviyelerinin aşılması ile netleşebilir. Destek:73.5 - 73 - 72.5 - Direnç:74.5 - 75 - 75.5 -
WTI crude oil prices find support with the risk perception created by geopolitical tensions, which limits profit-taking. Developments such as the trends in European and US stock markets and the stock figures to be announced by the American Petroleum Institute are among the factors that can affect oil prices. It is believed that upward movements may continue as long as it stays above the 70.00 – 70.50 support. In potential rises, the 71.50 and 72.00 levels can be considered, while movements below 70.00 in declines may bring about new selling pressure. In this scenario, the 69.50 and 69.00 levels can be monitored. On the chart, WTI crude oil prices are seen testing the 72.00 resistance level on an hourly timeframe. In downward movements, the 71.44 and 70.98 levels can be monitored as support. The RSI indicator is at 55.48, displaying a positive outlook. WTI price is trading at 72.06 with a +0.03% change compared to the previous day Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5 -
WTI petrol fiyatları, jeopolitik gerilimlerin yarattığı risk algısıyla destek bulurken, bu durum kar satışlarını sınırlıyor. Avrupa ve ABD borsalarının seyri ile Amerikan Petrol Enstitüsü'nün açıklayacağı stok rakamları, petrol fiyatları üzerinde etkili olabilecek gelişmeler arasında yer alıyor. 70,00 – 70,50 desteği üzerinde kalındığı sürece yukarı yönlü hareketlerin devam edebileceği düşünülüyor. Potansiyel yükselişlerde 71,50 ve 72,00 seviyeleri dikkate alınabilirken, düşüşlerde 70,00 altındaki hareketler yeni satış baskısını beraberinde getirebilir. Bu senaryoda 69,50 ve 69,00 seviyeleri izlenebilir. Grafikte 1 saatlik zaman diliminde WTI petrol fiyatlarının 72,00 direnç seviyesini test ettiği görülüyor. Aşağı yönlü hareketlerde 71,44 ve 70,98 seviyeleri destek olarak izlenebilir. RSI göstergesi 55,48 seviyesinde olup, pozitif bir görünüm sergiliyor. WTI fiyatı bir önceki güne göre +%0.03 değişimle 72,06 seviyesinde işlem görüyor. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
The statements from FOMC member Bostic suggest that the normalization process of monetary policy could be accelerated, as indications show that inflation and labor markets are cooling faster than expected. Rising geopolitical risks in the Middle East are supporting safe-haven demand, leading to an appreciation in gold. During the day, the Conference Board consumer confidence and Richmond manufacturing index could be influential in the movement of spot gold. The precious metal might maintain its upward trend as long as it stays above the 2610 – 2620 range. In potential upward movements, resistance levels at 2640 and 2650 can be monitored. However, if it falls below the 2610 – 2620 levels, pullbacks toward the 2600 and 2590 levels can be expected. According to the technical analysis, the XAU/USD pair is being analyzed on a 1-hour chart time frame. Gold prices are trading above the 2618.74 level. In upward movements, the levels of 2640 and 2650 can be monitored as resistance, while in downward movements, the levels of 2610 and 2600 can be followed as support. The RSI indicator is at 70.31, indicating it is near the overbought zone and displaying a positive outlook. There has been a 0.84% increase in price compared to the previous day. The current price is at 2638.98, with a 0.03% increase. Support:2630 - 2620 - 2610 - Resistance:2640 - 2650 - 2660-
FOMC üyesi Bostic'in açıklamaları, enflasyon ve işgücü piyasalarının beklenenden daha hızlı soğuduğuna işaret ederken, para politikasının normalleşme sürecinin öne çekilebileceğini düşündürüyor. Orta Doğu'da yükselen jeopolitik riskler, güvenli liman talebini destekliyor ve altının değer kazanmasına yol açıyor. Gün içerisinde Conference Board tüketici güveni ve Richmond imalat endeksi ons altının hareketinde etkili olabilir. Kıymetli metal, 2610 – 2620 bölgesinin üzerinde kaldığı sürece yükseliş eğilimini sürdürebilir. Olası yukarı yönlü hareketlerde 2640 ve 2650 direnç seviyeleri takip edilebilir. Ancak, 2610 – 2620 seviyeleri altına inilirse, 2600 ve 2590 seviyelerine doğru geri çekilmeler beklenebilir. Teknik analize göre, XAU/USD paritesi 1 saatlik grafik zaman diliminde inceleniyor. Altın fiyatları, 2618.74 seviyesi üzerinde işlem görüyor. Yukarı yönlü hareketlerde 2640 ve 2650 seviyeleri direnç olarak izlenebilirken, aşağı yönlü hareketlerde 2610 ve 2600 seviyeleri destek olarak takip edilebilir. RSI göstergesi 70.31 seviyesinde bulunarak, aşırı alım bölgesine yakın ve pozitif bir görünüm sergiliyor. Önceki güne göre %0.84 oranında fiyat artışı meydana gelmiş durumda. Güncel fiyat %0.03 artış ile 2638.98 seviyesindedir. Destek:2630 - 2620 - 2610 - Direnç:2640 - 2650 - 2660 -
The USD/TRY pair is attracting attention with the movements of developing countries' currencies against the US Dollar. Recently, while the Malaysian Ringgit has gained strength against the dollar, the Turkish Lira and the Peruvian Sol continue to display weak trends. The relatively weak performance of the Turkish Lira is shaped by developments in global markets. The Chinese Central Bank's stimulus decisions have positively affected Asian indices. At the same time, statements from FED officials concerning tightening policies are decisive for the direction of the dollar. In light of these developments, the USD/TRY is trading close to the 34.15 level. When examining the USD/TRY rate on a 4-hour time frame on the chart, it can be noted that the 33.96 level is an important support point. As long as the rate remains above this level, it may move towards resistance zones at 34.21, 34.30, and 34.37. The upper point of the Envelope indicator is at 34.30, and if it surpasses this level, an increase up to 34.64 and 34.70 levels can be observed. The RSI indicator is at 61.05, indicating a positive trend. There is a 0.02% change in the rate compared to the previous day. The current price is at the 34.13 level. Support:34.03 - 33.96 - 33.91 - Resistance:34.21 - 34.3 - 34.37 -
USD/TRY paritesi, gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısındaki hareketleriyle dikkat çekiyor. Son dönemde Malezya Ringgiti dolar karşısında güç kazanırken, Türk Lirası ve Peru Solu zayıf seyrini sürdürüyor. Türk Lirası'nın nispeten zayıf performansı, küresel piyasalardaki gelişmelere bağlı olarak şekilleniyor. Çin Merkez Bankası'nın teşvik kararları Asya endekslerine olumlu yansıdı. Aynı zamanda, FED yetkililerinin sıkım politikalarıyla ilgilenen açıklamaları, doların yönü üzerinde belirleyici oluyor. Bu gelişmeler ışığında USD/TRY 34,15 seviyesine yakın bir seyir izliyor. Grafikte USD/TRY kuru 4 saatlik zaman diliminde incelendiğinde, 33,96 seviyesinin önemli bir destek noktası olduğuna dikkat çekilebilir. Kur bu seviye üzerinde kaldıkça 34,21, 34,30 ve 34,37 direnç bölgelerine doğru hareket edebilir. Envelope göstergesinin üst noktası 34,30 seviyesinde, bu seviyenin üzerine çıkılması durumunda ise 34,64 ve 34,70 seviyelerine kadar yükseliş gözlenebilir. RSI göstergesi 61,05 seviyesinde olup pozitif bir eğilime işaret ediyor. Kurun önceki güne göre hareketinde yüzde 0,02'lik bir değişim gözleniyor. Güncel fiyat 34,13 seviyesinde bulunmaktadır. Destek:34.03 - 33.96 - 33.91 - Direnç:34.21 - 34.3 - 34.37 -
The GBP/USD pair started the week seeking direction from statements by Fed officials in the U.S. and PMI data. Differing views among Fed officials on interest rate policy are creating uncertainty in the markets, and there is an optimistic pricing observed in the GBP/USD pair. Meanwhile, the fact that the UK's growth rate remains above 50, despite PMI data falling short of expectations, provides support for the Sterling. On the 4-hour chart, the GBP/USD pair continues to stay above the 55 and 89-period moving averages. The current price is trading at the 1.3357 level; if a sustained movement above the 1.3360 resistance occurs, the upward move is likely to continue towards the 1.3400 and 1.3445 levels. In potential pullbacks, it will be important to watch the 1.3180 and 1.3220 levels as support. The RSI indicator is at 67.93, showing a positive outlook. Since July, the pair has shown a strong upward trend. The slight change of 0.0006% compared to yesterday's closing may indicate that caution is needed in the short term. Support:1.332 - 1.3265 - 1.322 - Resistance:1.336 - 1.34 - 1.3445 -
GBP/USD paritesi, haftaya ABD'den gelen Fed yetkililerinin açıklamaları ve PMI verileriyle yön arayışında başladı. Fed yetkilileri arasında faiz politikası konusunda farklı görüşlerin olması, piyasalarda belirsizlik yaratıyor ve GBP/USD paritesine dair iyimser bir fiyatlama gözlemleniyor. Aynı zamanda İngiltere'nin, PMI verilerinde beklenti altında kalsa da büyüme temposunu 50'nin üzerinde sürdürüyor olması Sterlin'e destek sağlıyor. 4 saatlik grafikte GBP/USD paritesi, 55 ve 89 periyotluk ortalamaların üzerinde kalmaya devam ediyor. Güncel fiyat 1.3357 seviyesinde işlem görüyor, 1.3360 direncinin üzerinde kalıcı bir hareket oluşursa yukarı yönlü hareketin 1.3400 ve 1.3445 seviyelerine devam etmesi muhtemel görünüyor. Olası geri çekilmelerde ise 1.3180 ve 1.3220 seviyelerini destek olarak izlemek önemli olacak. RSI göstergesi 67.93 seviyesinde ve pozitif bir görünüm sergiliyor. Temmuz ayından bu yana parite güçlü bir yükseliş eğilimi gösteriyor. Dünkü kapanışa göre %0.0006 oranında az bir değişim göstermiş olması, kısa vadede dikkatli olunması gerektiğini işaret edebilir. Destek:1.332 - 1.3265 - 1.322 - Direnç:1.336 - 1.34 - 1.3445 -
The EURUSD pair continues to find direction with the economic data from the US and statements from Federal Reserve officials. Fed officials are drawing attention to the weakening employment data concerning upcoming interest rate decisions. The PMI figures falling short of expectations indicate weakness in the economy, yet the dollar index continues to hover at low levels. Therefore, it's projected that the dollar may be adversely affected in the short term. The fact that data from Europe does not exert significant pressure on the euro, a rival to the dollar, supports the relative stability of the EURUSD pair. In technical analysis, when the EURUSD pair is examined on the 4-hour chart, it can be seen that the price is at the level of 1.1117. At the current levels, the regions of 1.1057 and 1.1098 can be monitored as support, while the region of 1.1177 can be followed as resistance in upward movements. The RSI indicator is at the level of 47 and presents a neutral outlook, with no change compared to the previous day at a rate of 0.01%. The current price of the pair is 1.1117. Support:1.11 - 1.104 - 1.099 - Resistance:1.115 - 1.12 - 1.124 -
EURUSD paritesi, ABD'den gelen ekonomik veriler ve Fed yetkililerinin açıklamalarıyla yön bulmaya devam ediyor. Fed yetkilileri, yaklaşan faiz kararlarına dair zayıflayan istihdam verilerine dikkat çekmekte. PMI verilerinin beklentilerin altında kalması ise ekonomideki güçsüzlüğe işaret ediyor, buna karşın dolar endeksi düşük seviyelerde seyrini sürdürüyor. Dolayısıyla piyasalarda, kısa vadede doların olumsuz etkilenebileceği öngörülüyor. Avrupa'dan gelen verilerin de dolara rakip euro üzerinde belirgin bir baskı yapmaması, EURUSD paritesinin nispeten istikrarlı kalmasına destek veriyor. Teknik analizde, EURUSD paritesi 4 saatlik grafikte incelendiğinde, fiyatın 1,1117 seviyesinde olduğu görülüyor. Mevcut seviyelerde 1,1057 ve 1,1098 bölgeleri destek olarak izlenebilirken, yukarı yönlü hareketlerde 1,1177 bölgesi direnç olarak takip edilebilir. RSI göstergesi 47 seviyesinde ve nötr bir görünüm sergiliyor, bir önceki güne göre %0,01 oranında bir değişim bulunmuyor. Paritenin mevcut fiyatı 1,1117'dir Destek:1.11 - 1.104 - 1.099 - Resistance:1.115 - 1.12 - 1.124 -
U.S. natural gas futures showed a limited recovery attempt during the Asian session following profit-taking sales. The stimulus measures announced by China provided support to commodity markets and emerging market currencies. However, U.S. 10-year bond yields and the weak dollar index stand out as other important factors that could affect natural gas prices. The trajectory of European and U.S. stock markets should be considered as potentially decisive in pricing. In technical analysis, when the NGCUSD pair is examined on the 1-hour chart, the levels of 2.740 and 2.780 stand out as support. In upward movements, the resistance levels of 2.850 and 2.880 can be monitored. The RSI indicator is at the level of 54, displaying a neutral outlook. A change of 0.04% compared to the previous day is observed. The current trading price is at the level of 2.586. Support:2.78 - 2.74 - 2.71 Resistance:2.85 - 2.88 - 2.91 -
ABD doğal gaz vadeli işlemleri, kar satışlarının ardından Asya seansında sınırlı bir toparlanma çabası gösterdi. Çin tarafından açıklanan teşvik önlemleri, emtia piyasalarına ve gelişen ülke para birimlerine destek sağladı. Bununla birlikte, ABD 10 yıllık tahvil faizleri ve zayıf dolar endeksi, doğal gaz fiyatlarını etkileyebilecek diğer önemli unsurlar olarak öne çıkıyor. Avrupa ve ABD borsalarının seyrinin, fiyatlama üzerinde belirleyici olabileceği göz önünde bulundurulmalı. Teknik analizde, NGCUSD paritesi 1 saatlik grafikte incelendiğinde 2.740 ve 2.780 seviyeleri destek olarak göze çarpıyor. Yukarı yönlü hareketlerde ise 2.850 ve 2.880 direnç seviyeleri izlenebilir. RSI göstergesi 54 seviyesinde olup nötr bir görünüm sergiliyor. Önceki güne göre yüzde 0.04 oranında bir değişim gözleniyor. Güncel işlem fiyatı ise 2.586 seviyesinde bulunuyor. Destek:2.78 - 2.74 - 2.71 - Direnç:2.85 - 2.88 - 2.91
DAXEUR is under pressure due to fluctuations in global markets and economic uncertainties. Negative economic data from Germany, particularly the decline in the IFO business climate index and the contraction in the manufacturing sector, are heightening recession concerns in Europe. On the other hand, weak economic indicators from the U.S. are also causing a cautious stance in the markets. Uncertainties regarding the Fed's interest rate policy are also influencing the DAX index. In this context, how the European Central Bank will move with an interest rate cut at its October meeting is a matter of curiosity. From a technical perspective, the DAX40 index is examined on a 1-hour chart, with the 18,885 level being monitored as support and the 19,225 level as resistance. The RSI indicator is at 39.27, displaying a view close to the oversold region. The index is trading at 18,919.4, with a 0.09% decline compared to the previous day. The current price is recorded as 18,919.4. While the range movement continues between these levels, more distinct movements are sought outside these levels for sustainability Support:19040 - 18885 - 18780 Resistance:19225 - 19300 - 19395
DAXEUR, küresel piyasalarda yaşanan dalgalanmalar ve ekonomik belirsizliklerle baskı altında kalıyor. Almanya'dan gelen olumsuz ekonomik veriler, özellikle IFO iş iklimi endeksindeki düşüş ve imalat sektörü daralması, Avrupa'daki resesyon endişelerini artırıyor. Diğer yandan, ABD'den gelen zayıf ekonomik göstergeler de piyasalarda temkinli bir duruş sergilenmesine neden oluyor. Fed'in faiz politikası konusundaki belirsizlikler de DAX endeksine yön veriyor. Bu kapsamda, Avrupa Merkez Bankası'nın Ekim ayındaki toplantısında faiz indirimi ile nasıl bir adım atacağı merak konusu. Teknik açıdan bakıldığında, DAX40 endeksi 1 saatlik grafikte inceleniyor ve 18885 seviyesi destek, 19225 seviyesi ise direnç olarak takip ediliyor. RSI göstergesi 39.27 seviyesinde, aşırı satım bölgesine yakın bir görünüm sergiliyor. Endeks, bir önceki güne göre %0.09 düşüşle 18919.4 seviyesinde işlem görüyor. Güncel fiyat 18919.4 olarak kaydedildi. Bu seviyeler arasında bant hareketi devam ederken, daha belirgin hareketler için bu seviyelerin dışında kalıcılıklar aranıyor. Destek:19040 - 18885 - 18780 Direnç:19225 - 19300 - 19395
The NASDAQ 100 index is finding direction in light of a sharper-than-expected dip in U.S. consumer confidence and China's stimulus announcements. The rise of Chinese firms and leadership from chip manufacturers are having a positive impact on the NASDAQ 100 index. The suppression of 10-year bond yields and a weakening dollar in the U.S. are also contributing directly to the index. Support from Chinese optimism for emerging market currencies is positively affecting the overall market sentiment. From a technical perspective, the NASDAQ 100 index is trading above the 20000 support level on the hourly timeframe. The initial resistance levels are set at 20150 and 20250. The RSI indicator is at 49.85, showing a neutral outlook. The index has seen a 0.02% change compared to the previous day. With a current price of 19903.1, maintaining above the 20000 level is crucial for the index to retain its upward potential. Support:20000 - 19900 - 19800 Resistance:20150 - 20250 - 20350
NASDAQ 100 endeksi, ABD tüketici güveninin beklenenden fazla düşmesi ve Çin'in teşvik açıklamaları ışığında yön buluyor. Çinli firmaların yükseliş göstermesi ve çip üreticilerinin öncülüğü, NASDAQ 100 endeksinde pozitif bir etki yaratıyor. ABD'de 10 yıllık tahvil faizlerinin baskılanması ve dolardaki zayıflama da endekse doğrudan katkı sağlıyor. Gelişmekte olan ülke para birimlerine Çin optimizminin yarattığı destek de piyasanın genel havasını olumlu etkiliyor. Teknik açıdan bakıldığında, NASDAQ 100 endeksi 1 saatlik zaman diliminde 20000 destek seviyesinin üzerinde işlem görüyor. İlk direnç seviyeleri 20150 ve 20250 olarak belirlenmiş durumda. RSI göstergesi 49.85 seviyesinde olup, nötr bir görünüm sergiliyor. Endeks, bir önceki güne göre %0.02 oranında bir değişim göstermiş. Güncel fiyatı 19903.1 olan endeksin yukarı yönlü potansiyelini koruyabilmesi için 20000 seviyesi üzerinde kalıcılık önem taşıyor. Destek:20000 - 19900 - 19800 Direnç:20150 - 20250 - 20350
The American Petroleum Institute's announcement of a 4.3 million barrel decline in inventories limited profit-taking in oil futures and eased downward pressure. However, the course of European and US stock markets could also affect oil prices. The increase in commodity demand, alongside China's stimulus measures, could positively impact oil prices. However, caution should be exercised due to the decline in the US consumer confidence index and economic uncertainties. In technical analysis, on the hourly chart, oil prices are maintaining their position around 74.00. The range of 73.50 - 74.00 is monitored as a support zone, while in potential upward movements, resistance levels of 75.00 and 75.50 should be followed. The RSI indicator stands at 50, showing a neutral outlook. On a daily basis, the price change is at -0.02%. The current price is observed to be 74.25. Support:73.5 - 73 - 72.5 Resistance:75 - 75.5 - 76
Amerikan Petrol Enstitüsü’nün stoklarda 4,3 milyon varil düşüş açıklaması, petrol vadeli işlemlerinde kar satışlarını sınırladı ve aşağı yönlü baskıyı hafifletti. Bununla birlikte, Avrupa ve ABD borsalarının seyri de petrol fiyatları üzerinde etkili olabilir. Çinin teşvik önlemleriyle birlikte emtia talebindeki artış, petrol fiyatlarını olumlu yönde etkileyebilir. Ancak, ABD'deki tüketici güven endeksinin düşmesi ve ekonomik belirsizlikler nedeniyle dikkatli olunmalı. Teknik analizde saatlik grafikte petrol fiyatları, 74,00 çevresindeki seyrini sürdürüyor. 73,50 - 74,00 aralığı destek bölgesi olarak izlenirken, olası yukarı yönlü hareketlerde 75,00 ve 75,50 direnç seviyeleri takip edilmeli. RSI göstergesi 50 seviyesinde, nötr bir görünümde. Günlük bazda fiyat değişimi ise % -0,02 oranında. Güncel fiyatın 74,25 olduğu gözlemleniyor. Destek:73.5 - 73 - 72.5 Direnç:75 - 75.5 - 76
According to U.S. oil inventory data, there was a decrease of 4.3 million barrels, which limited the declines. Movements in European and U.S. stock markets can affect oil prices. Positive stimulus measures from China are another factor positively reflecting on commodity demand. China's reduction in the medium-term lending rate supported developed country currencies and increased optimism about global economic growth. In the U.S., the sharp downward movement in the consumer confidence index is attracting attention in the markets. Technically, when the WTIUSD chart is examined on an hourly time frame, investors are closely watching the resistance at $71.27 and the support at $71.19. The RSI indicator is at 46.22, currently showing a neutral trend. Compared to the previous close, the price showed a decline of 0.03%. The current price is trading at $72.13. Support:71 - 70.5 - 70 Resistance:72 - 72.5 - 73
ABD petrol stok verilerine göre, stoklarda 4,3 milyon varil azalma oldu ve bu durum düşüşleri sınırladı. Avrupa ve ABD borsalarındaki hareketler petrol fiyatları üzerinde etkili olabilir. Çin'den gelen pozitif teşvik önlemleri de emtia talebine olumlu yansıyan bir diğer faktör. Çin'in, orta vadeli kredi faiz oranında yaptığı indirim, gelişmiş ülke para birimlerini desteklerken, küresel ekonomik büyümeye dair iyimserliği artırdı. ABD'de ise tüketici güven endeksindeki sert aşağı yönlü hareket piyasalarda dikkat çekiyor. Teknik olarak, WTIUSD grafiği saatlik zaman diliminde incelendiğinde, yatırımcılar 71.27 dolar seviyesindeki direnç ve 71.19 dolar seviyesindeki desteği yakından takip ediyor. RSI göstergesi 46.22 seviyesinde bulunuyor ve şu anda nötr bir eğilim sergiliyor. Dün kapanışa göre fiyat yüzde 0.03 gerileme gösterdi. Güncel fiyat 72.13 dolar seviyesinden işlem görüyor. Destek:71 - 70.5 - 70 Direnç:72 - 72.5 - 73
The unexpected drop in the Conference Board consumer confidence index weakened the dollar index. Additionally, increasing geopolitical risks in the Middle East have led to a rise in safe-haven demand, causing an increase in the value of spot gold. This situation also allows the precious metal to trade above levels supported by short-term indicators. Meanwhile, stimulus measures and interest rate cuts in China are creating a positive perception in global markets, while the weak consumer confidence index in the U.S. is heightening speculation over the Fed's interest rate decision. Technically, the chart is analyzed on a 1-hour timeframe. As long as movement continues above the 2630-2640 area, the upward trend may persist; in this case, the 2670 and 2680 resistance levels can be targeted. Breaking the 2670 resistance could be critically important for maintaining a positive outlook. On downward movements, closures below the 2630-2640 support area could lead to retracements to the 2620 and 2610 levels. The RSI indicator is at 59, showing a positive trend. The current price is 2657.87, showing a slight decrease compared to the previous day. Support:2650 - 2640 - 2630 Resistance:2670 - 2680 - 2690
Conference Board tüketici güven endeksinin beklenenden fazla düşmesi dolar endeksini zayıflattı. Bunun yanında Orta Doğu'da artan jeopolitik riskler güvenli liman talebini artırarak ons altının değer kazanmasına yol açtı. Ayrıca bu durum, kıymetli metalin kısa vadede izlenen göstergelerin desteklediği seviyeler üzerinde işlem görmesine olanak tanıyor. Çin'deki teşvik önlemleri ve faiz indirimleri de global piyasalarda olumlu algı oluştururken, ABD'deki zayıf tüketici güven endeksi Fed'in faiz kararı üzerindeki spekülasyonları artırıyor. Teknik olarak, grafik 1 saatlik zaman diliminde incelenmektedir. 2630-2640 bölgesi üzerinde hareketlilik sürdüğü sürece yukarı yönlü ilerleyiş devam edebilir; bu durumda 2670 ve 2680 direnç seviyeleri hedeflenebilir. 2670 direncinin kırılması, pozitif görünümün sürdürülmesi açısından kritik önemde olabilir. Aşağı yönlü hareketlerde ise 2630-2640 destek bölgesinin altındaki kapanışlar 2620 ve 2610 seviyelerine geri çekilmeleri beraberinde getirebilir. RSI göstergesi 59 seviyesinde olup, pozitif bir eğilim göstermektedir. Güncel fiyat 2657.87 seviyesindedir ve önceki güne kıyasla hafif bir düşüş göstermektedir. Destek:2650 - 2640 - 2630 Direnç:2670 - 2680 - 2690
The Turkish Lira is showing weak performance compared to other emerging market currencies against the US Dollar amidst global market uncertainties. In contrast to currencies with strong performances like the Malaysian Ringgit, USD/TRY is exhibiting a weak outlook with a rate of 0.07%. The positive atmosphere in Asian markets and China's stimulus measures provide support to emerging market currencies. However, considering that USD/TRY is trading at the 34.13 level, it can still be said that the Turkish Lira remains fragile. In the chart, USD/TRY is observed in a 4-hour time frame. For the pair, the 33.96 level is the nearest support, and breaking this level could trigger corrective sales. In upward movements, the 34.17 level stands out as the first resistance point, followed by levels 34.24 and 34.30. The RSI indicator is at the 57.20 level, exhibiting a neutral outlook. Compared to the previous day, there is a slight upward change of 0.12% in the movement range. The current price is at the 34.13 level. Support:34.03 - 33.96 - 33.91 Resistance:34.17 - 34.24 - 34.3
Türk Lirası, küresel piyasalardaki belirsizlikler ve ABD Doları karşısında diğer gelişmekte olan ülke para birimlerine göre zayıf bir performans sergiliyor. Malezya Ringgiti gibi güçlü performans gösteren para birimlerine karşın USD/TRY, yüzde 0,07 ile zayıf bir görünümde. Asya piyasalarındaki olumlu hava ve Çin’in teşvik önlemleri gelişen ülke para birimlerine destek sağlıyor. Ancak USD/TRY’nin 34,13 seviyesinde işlem gördüğü göz önüne alındığında, Türk Lirası'nın hâlâ kırılgan olduğu söylenebilir. Grafikte USD/TRY, 4 saatlik zaman diliminde izleniyor. Parite için 33,96 seviyesi en yakın destek, bu seviyenin kırılması tepki satışları başlatabilir. Yukarı yönlü hareketlerde ise 34,17 ilk direnç noktası olarak ön plana çıkıyor, ardından 34,24 ve 34,30 seviyeleri izlenebilir. RSI göstergesi 57,20 seviyesinde ve nötr bir görünüm sergiliyor. Bir önceki güne göre hareket alanında yüzde 0,12'lik hafif bir yukarı yönlü değişim mevcut. Güncel fiyat 34,13 seviyesinde bulunuyor. Destek:34.03 - 33.96 - 33.91 Direnç:34.17 - 34.24 - 34.3
The GBP/USD pair is moving within the framework of current data from the U.S. economy and expectations of the Fed's interest rate policy. The significant drop in the consumer confidence index and the slowdown in the housing price index in the U.S. indicate weakness in the dollar. The negative movement of the dollar index below the 34-period average reduces the pressure on GBP/USD. The positive reflection of China's stimulus measures on Asian markets, particularly with rises in commodities and emerging market currencies, may have an indirect positive effect on the pair. Technically, GBP/USD is trading at 1.3414 in the 4-hour chart. The pair continues to stay above the 55 and 89-period moving averages at 1.3220 and 1.3265 levels. If the annual resistance level of 1.3445 is tested, the upward movement may continue up to 1.3500 and 1.3550 levels. The RSI indicator, at 71.90, presents a positive outlook. The pair, which fluctuated with a 0.003% decrease compared to the previous day, seems to be continuing its current short-term upward trend. Support:1.34 - 1.336 - 1.332 Resistance:1.3445 - 1.35 - 1.355
GBP/USD paritesi, ABD ekonomisi cephesinden gelen güncel veriler ve Fed’in faiz politikası beklentileri çerçevesinde hareket ediyor. ABD'de tüketici güven endeksindeki büyük düşüş ve konut fiyat endeksinde yavaşlama, dolardaki zayıflığı işaret ediyor. Dolar endeksinin 34 periyotluk ortalama altında negatif seyri, GBP/USD üzerindeki baskıyı azaltmakta. Çin'deki teşvik önlemlerinin Asya piyasalarına olumlu yansıması, özellikle emtia ve gelişen ülke para birimlerinde yükselişlerle dikkat çekerken, pariteye dolaylı olarak pozitif etki yapabilir. Teknik açıdan, GBP/USD 4 saatlik grafikte son işlemlerini 1,3414 seviyesinde gerçekleştirmekte. Parite 1,3220 ve 1,3265 seviyelerindeki 55 ve 89 periyotluk hareketli ortalamalarının üzerinde kalmaya devam ediyor. 1,3445 yıllık direnç seviyesinin test edilmesi halinde, yukarı yönlü hareketin 1,3500 ve 1,3550 seviyelerine kadar sürmesi olası. RSI göstergesi 71,90 seviyesinde, pozitif bir görünüm sergiliyor. Bir önceki güne göre %0,003'lük bir azalışla dalgalanan paritede, mevcut kısa vadeli yükseliş trendi devam ediyor gibi görünmektedir. Destek:1.34 - 1.336 - 1.332 Direnç:1.3445 - 1.35 - 1.355
The EUR/USD pair is shaped by significant economic data from the US and Europe, along with central bank policies. In the US, a significant drop in consumer confidence and a slowdown in housing prices are creating economic uncertainties. Statements highlighting that the Fed should be cautious regarding interest rate cuts, considering inflation risks, are drawing attention. On the European front, the decline in Germany's IFO business climate index and contraction in the manufacturing sector are increasing recession concerns. The ECB's future guidance on interest rate cut policies could affect the pair's movement. In the later days of the week, US growth and PCE inflation data, along with speeches by central bank governors, will be closely monitored. From a technical perspective, the EUR/USD pair is trading at the 1.1193 level on the 4-hour chart. In upward movements, the resistance levels of 1.1200 and 1.1275 are observed, while in downward movements, the levels of 1.1113 and 1.1107 can be followed as support. The RSI indicator is at the level of 63.54 and shows a positive outlook. The pair has increased by 0.02% compared to the previous day. Support:1.115 - 1.11 - 1.104 Resistance:1.12 - 1.124 - 1.1275
EUR/USD paritesi, ABD ve Avrupa'daki önemli ekonomik veriler ve merkez bankalarının politikaları doğrultusunda şekilleniyor. ABD’de tüketici güveninde görülen büyük düşüş ve konut fiyatlarındaki yavaşlama ekonomik belirsizlikler yaratıyor. Fed'in enflasyondaki riskleri dikkate alarak faiz indirimi konusunda temkinli olması gerektiği yönündeki açıklamalar dikkat çekiyor. Avrupa cephesinde, Almanya'da IFO iş iklimi endeksindeki gerileme ve imalat sektöründeki daralma resesyon endişelerini artırıyor. ECB'nin faiz indirimi politikaları ile ilgili gelecek dönemde yapacağı yönlendirmeler, paritenin hareketini etkileyebilir. Haftanın ilerleyen günlerinde ABD büyüme ve PCE enflasyon verileri ile birlikte merkez bankası başkanlarının konuşmaları yakından izlenecek. Teknik açıdan bakıldığında, 4 saatlik grafikte EUR/USD paritesi, 1.1193 seviyesinde işlem görüyor. Yukarı yönlü hareketlerde 1.1200 ve 1.1275 direnç seviyeleri izleniyor. Aşağı yönlü hareketlerde ise 1.1113 ve 1.1107 seviyeleri destek olarak takip edilebilir. RSI göstergesi 63.54 seviyesinde bulunuyor ve pozitif bir görünüm sergiliyor. Parite önceki güne göre yüzde 0.02 oranında artış göstermiş durumda. Destek:1.115 - 1.11 - 1.104 Direnç:1.12 - 1.124 - 1.1275
Crude oil futures are trending positively due to expectations of a demand rebound and potential production cuts. The market, particularly focused on hurricane forecasts, is trying to maintain its gains by moving close to the $3 region. The course of European and U.S. stock markets and the inventory figures to be announced by the U.S. Energy Information Administration could be closely monitored. As long as prices remain above the 2.780 – 2.820 support, an upward outlook may prevail. In upward movements, the levels of 2.880 and 2.910 can be targeted, while any downward movements should carefully watch hourly closures below 2.780. When the NGCUSD pair is examined on an hourly chart, it is moving close to the 2.576 resistance level, with 2.519 and 2.424 levels being monitored as support. The RSI indicator is at a level of 53.41, displaying a neutral appearance. The pair has experienced a 0.42% decrease compared to the previous day. The current price is at the 2.602 level. The present outlook indicates that the price is attempting to surpass the 2.576 resistance, but a sustained movement above this level is needed to establish a significant upward trend. Support:2.82 - 2.78 - 2.74 - Resistance:2.88 - 2.91 - 2.94 -
Petrol vadeli işlemleri, talepte canlanma beklentilerinin ve olası üretim kesintilerinin etkisi ile olumlu bir seyir izliyor. Özellikle kasırga tahminleri üzerine odaklanan piyasa, 3 dolar bölgesine yakın hareket ederek kazanımlarını korumaya çalışıyor. Avrupa ve ABD borsalarının seyri, ABD Enerji Bilgi Dairesi’nin açıklayacağı stok rakamları ön planda takip edilebilir. Fiyatlamalar 2,780 – 2,820 desteği üzerinde kaldığı sürece yukarı yönlü görünüm söz konusu olabilir. Yükselişlerde 2,880 ve 2,910 seviyeleri hedef olarak belirlenebilirken, olası düşüş hareketlerinde 2,780 altındaki saatlik kapanışlar dikkatle izlenmeli. NGCUSD paritesi saatlik grafikte incelendiğinde, 2,576 direnç seviyesine yakın hareket ediyor ve 2,519 ile 2,424 seviyeleri destek olarak izleniyor. RSI göstergesi 53,41 seviyesinde olup, nötr bir görünüm sergiliyor. Parite, bir gün öncesine göre %0,42 düşüş yaşamış durumda. Güncel fiyat 2,602 seviyesindedir. Mevcut görünüm, fiyatın 2,576 direncini aşmaya çalıştığını ancak belirgin bir yükseliş trendine girebilmesi için bu seviyenin üzerinde kalıcı bir hareketin görülmesi gerektiğini gösteriyor. Destek:2.82 - 2.78 - 2.74 - Direnç:2.88 - 2.91 - 2.94 -
The DAXEUR pair is being monitored alongside a very busy schedule of data and speeches by important financial authorities. Critical economic data such as core durable goods orders and U.S. unemployment figures may cause fluctuations in the markets. Statements from the Federal Reserve and the European Central Bank presidents could determine the direction of uncertainties regarding interest rate policies in the coming periods. While the ECB has taken a more aggressive stance compared to the Fed, recession concerns also occupy the agenda in Europe. Technically, the DAX40 index is trading above the 19070 support level on the 1-hour chart. The 19225 resistance is being tested, and surpassing this level could provide positive momentum. The RSI indicator is at 69.44, indicating it is close to the overbought zone and reflects a positive outlook. The index shows a 0.15% increase over the past 24 hours, with the current price observed at 19040.2. The index is expected to fluctuate between 18885 and 19225 for a while. Support:19070 - 18995 - 18885 Resistance:19225 - 19300 - 19395
DAXEUR paritesi, günün oldukça yoğun bir veri takvimi ve önemli finansal yetkililerin konuşmaları eşliğinde izleniyor. Çekirdek dayanıklı mal siparişleri ve ABD işsizlik verileri gibi kritik ekonomik veriler, piyasalarda dalgalanmalara neden olabilir. Federal Reserve ve Avrupa Merkez Bankası başkanlarından gelecek açıklamalar ise ilerleyen dönemlerde faiz politikaları üzerindeki belirsizliklerin yönünü belirleyebilir. ECB, Fed'in aksine daha agresif bir duruş sergilemişken, resesyon endişeleri Avrupa'da da gündemi meşgul ediyor. Teknik açıdan, 1 saatlik grafikte DAX40 endeksi 19070 seviyesindeki destek noktasının üzerinde seyrediyor. 19225 direnci ise test ediliyor ve bu seviyenin aşılması pozitif bir ivme sağlayabilir. RSI göstergesi 69.44 seviyesinde, bu da aşırı alım bölgesine yakın olduğunu ve pozitif bir görünümü yansıttığını gösteriyor. Son 24 saatlik dilimde %0.15'lik bir yükseliş sergileyen endeksin mevcut fiyatı 19040.2 olarak izleniyor. Endeksin bir süre daha 18885 - 19225 arasında dalgalanması beklenebilir. Destek:19070 - 18995 - 18885 - Direnç:9225 - 19300 - 19395
The NASDAQ100 index continues to show a positive trend ahead of growth rates and Fed Chair Powell's speech. The strong performance of semiconductor stocks such as Nvidia, AMD, and Intel contributes to the index outperforming other market components. The impact of economic indicators and central bank policies on the index is being monitored closely. In particular, the growth rate, durable goods orders, and unemployment claims to be announced in the US may be decisive factors in market pricing. In such an environment, as long as the NASDAQ100 index stays above the 20150 – 20250 region, the positive trend may continue. Technically, the NASDAQ100 index is moving between the 20150 – 20250 levels on the hourly chart. Above these regions, resistance levels of 20500 and 20650 may come into focus. On the downside, if the 20150 – 20250 range is broken, the 20000 and 19900 levels may serve as support. The RSI indicator is at 79.33, indicating overbought territory, which shows that the upward trend remains strong. The index is at 20174.9, a decrease of 0.08% compared to the previous day. It is important to follow these technical levels in the coming hours. Support:20250 - 20150 - 20000 Resistance:20500 - 20650 - 20750 -
NASDAQ100 endeksi, büyüme oranları ve Fed Başkanı Powell’ın konuşması öncesinde olumlu bir seyir izlemeye devam ediyor. Çip üreticileri; Nvidia, AMD ve Intel gibi hisselerin güçlü performansı, endeksin diğer piyasa bileşenlerinden daha iyi bir performans göstermesine katkıda bulunuyor. Ekonomik göstergelerin ve merkez bankası politikalarının endeks üzerindeki etkisi dikkatle izleniyor. Özellikle, ABD’de açıklanacak büyüme oranı, dayanıklı mal siparişleri ve işsizlik haklarından yararlanma başvuruları, piyasa fiyatlamalarında belirleyici unsurlar olabilir. Böyle bir ortamda, NASDAQ100 endeksi 20150 – 20250 bölgesi üzerinde kaldığı sürece, pozitif eğilim sürdürülmeye devam edebilir. Teknik olarak, NASDAQ100 endeksinin saatlik grafiğinde 20150 – 20250 seviyeleri arasında hareket sürüyor. Bu bölgelerin üzerinde, 20500 ve 20650 direnç seviyeleri gündeme gelebilir. Aşağı yönde ise, 20150 – 20250 aralığının kırılması durumunda, 20000 ve 19900 seviyeleri destek oluşturabilir. RSI göstergesi 79.33 seviyesinde yer alıyor ve aşırı alım bölgesine işaret ediyor, bu da yükseliş eğiliminin gücünü koruduğunu gösteriyor. Endeks, önceki güne göre %0.08 düşüşle 20174.9 seviyesinde bulunuyor. İlerleyen saatlerde, bu teknik seviyelerin takip edilmesi önemlidir. Destek:20250 - 20150 - 20000 - Direnç:20500 - 20650 - 20750 -
Brent crude prices are declining due to increased expectations that political developments in Libya will normalize oil production shortly, combined with the recovery of the dollar. Even the U.S. Energy Information Administration's announcement of a 4.5 million barrel decrease in inventories couldn't prevent this fall. Movements in European and U.S. stock markets and U.S. growth data might influence pricing. Resistance levels for Brent crude are at 73.50 - 74.00, and as long as it remains below these levels, downward pressures are expected to continue. In the event of a possible recovery, closures above 74.00 may bring new targets into focus. According to the technical analysis, a 1-hour time frame was used on the chart. Currently, Brent crude prices are trading in a range where 72.50 and 72.00 levels can be seen as support. Prices may test lower levels before returning to the 74.00 level. The RSI indicator is currently at 27.40, indicating entry into the oversold zone and displaying a negative outlook. There has been a 0.29% decrease compared to the previous day, with the current price at 72.179 Support:72.5 - 72 - 71.5 - Resistance:73.5 - 74 - 74.5 -
Brent petrol fiyatları, Libya'daki siyasi gelişmelerin petrol üretiminin kısa sürede normale döneceği beklentisini artırması ve dolardaki toparlanmanın etkisiyle geriliyor. ABD Enerji Bilgi Dairesi'nin stoklarda 4,5 milyon varil azaldığını açıklaması bile bu düşüşe engel olamadı. Avrupa ve ABD borsalarının hareketleri ile ABD büyüme verileri fiyatlamalar üzerinde etkili olabilir. Brent petrolün önündeki direnç seviyeleri 73,50 - 74,00 olup bu seviyelerin altında kaldığı sürece aşağı yönlü baskıların devam edebileceği düşünülüyor. Olası toparlanmada ise 74,00 üzerindeki kapanışlar yeni hedefleri gündeme getirebilir. Teknik analize göre grafikte, 1 saatlik zaman dilimi kullanılmış. Mevcut durumda, Brent petrol fiyatları 72,50 ve 72,00 seviyelerinin destek olarak izlenebileceği bir aralıkta işlem görüyor. Fiyatlar 74,00 seviyesine geri dönmeden önce daha düşük seviyeleri test edebilir. RSI göstergesi şu anda 27,40 seviyesinde olup aşırı satım bölgesine girildiğini ve negatif bir görünüm sergilediğini gösteriyor. Önceki güne göre %0,29'luk bir düşüş yaşanmış durumda ve güncel fiyat 72,179 seviyesinde bulunuyor. Destek:72.5 - 72 - 71.5 - Direnç:73.5 - 74 - 74.5 -
The WTIUSD pair experienced a decline due to expectations that oil production in Libya will return to normal following the agreement on the central bank and the recovery in the dollar. The announcement by the U.S. Energy Information Administration of a 4.5 million barrel decrease in stocks could not halt this decline. The trends in European and U.S. markets and U.S. growth data are being closely monitored. As long as pricing stays below the 70.00 – 70.50 resistance, the downward outlook may continue. In possible declines, the levels of 69.00 and 68.50 can be targeted, while in the event of recovery, closures above 70.50 may indicate potential for new rises. In technical analysis, on the 1-hour chart, WTI prices are trading near the 69.70 support level. In upward movements, the resistance zones of 71.00 and 71.50 should be monitored. The RSI indicator is at 27.73, signaling an oversold zone and presenting a negative outlook. Compared to the previous day, the price has dropped by 0.20%. The current price is at the level of 69.816. Support:69 - 68.5 - 68 - Resistance:70 - 70.5 - 71 -
WTIUSD paritesi, Libya'da merkezi banka konusundaki anlaşmanın ardından petrol üretiminin normale döneceği beklentisi ve dolardaki toparlanmanın etkisiyle düşüş yaşadı. ABD Enerji Bilgi Dairesi’nin stoklarda 4,5 milyon varil gerileme açıklaması bu düşüşü durduramadı. Avrupa ve ABD borsalarının seyri ile ABD büyüme verisi yakından takip edilmektedir. Fiyatlamalar 70,00 – 70,50 direncinin altında kaldığı sürece aşağı yönlü görünüm devam edebilir. Olası düşüşlerde 69,00 ve 68,50 seviyeleri hedeflenebilirken, toparlanma olasılığında 70,50 üzerindeki kapanışlar yeni yükseliş potansiyeline işaret edebilir. Teknik analizde, 1 saatlik grafikte WTI fiyatları 69.70 destek seviyesi yakınında işlem görüyor. Yukarı yönlü hareketlerde 71.00 ve 71.50 direnç bölgeleri izlenmelidir. RSI göstergesi 27.73 seviyesinde bulunmakta ve aşırı satım bölgesine işaret ederek negatif bir görünüm sunmaktadır. Önceki güne göre fiyat %0.20 düşüş göstermiştir. Mevcut fiyat 69.816 seviyesinde seyrediyor. Destek:69 - 68.5 - 68 - Direnç:70 - 70.5 - 71 -
In the middle of the week, the upward movement of the US 10-year Treasury bond yield put pressure on the GBPUSD pair. After the markets eased their recession concerns, the effect of the increase in the 10-year yield began to be felt. On the other hand, the Dollar Index is also putting pressure on it with the support of the recovery in the 10-year interest rate. The daily gain for the pair, which closed at 1.2717 on the previous trading day, was 0.20%. The RSI indicator for the currency, which is below its 20-day moving average, is at 40.68, while its momentum is at 98.33. The 1.2692 level can be followed in intraday downward movements. If this level is broken, the supports at 1.2668 and 1.2654 may become important. In possible increases, 1.2730, 1.2744 and 1.2768 will be monitored as resistance levels. Support: 1.2692 – 1.2668 Resistance: 1.2730 – 1.2744
While the ounce of gold is trading within a limited price range ahead of U.S. growth data and Fed Chairman Powell's speech, geopolitical risks in the Middle East continue to boost safe-haven demand. Global economic data and statements from Fed officials could have immediate impacts on gold pricing. Today, particularly the U.S. data on durable goods orders and unemployment claims should be closely monitored. In the short term, the support zone between 2640 – 2650 could be a significant threshold in gold pricing. In technical analysis, in the 1-hour chart, the ounce of gold continues to challenge the resistance zone at the 2650.61 level. In downward movements, the levels of 2643.72 and 2634.70 can be watched as support. The RSI indicator is at the 57.19 level and shows a positive outlook, having increased by 1.69% compared to the previous day. The current price is recorded at 2662.31. Support:2650 - 2640 - 2630 - Resistance:2670 - 2680 - 2690 -
Ons altın, ABD büyüme verileri ve Fed Başkanı Powell’ın konuşması öncesinde sınırlı bir fiyat aralığında işlem görürken, Orta Doğu’daki jeopolitik riskler güvenli liman talebini artırmaya devam ediyor. Küresel ekonomik veriler ve Fed yetkililerinin açıklamaları, altın fiyatlamaları üzerinde anlık etkilere neden olabilir. Bugün özellikle ABD’de açıklanacak dayanıklı mal siparişleri ve işsizlik başvuruları verileri dikkatle takip edilmeli. Altın fiyatlamasında kısa vadede 2640 – 2650 destek bölgesi önemli bir eşik olabilir. Teknik analizde, 1 saatlik grafikte ons altın 2650.61 seviyesinde bulunan direnç bölgesini zorlamaya devam ediyor. Aşağı yönlü hareketlerde sırasıyla 2643.72 ve 2634.70 seviyeleri destek olarak izlenebilir. RSI göstergesi 57.19 seviyesinde olup pozitif bir görünüm sergiliyor. Önceki güne göre yüzde 1.69’luk bir artış göstermiş durumda. Güncel fiyat ise 2662.31 olarak kaydedilmiştir. Destek:2650 - 2640 - 2630 - Direnç:2670 - 2680 - 2690 -
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, the breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when considered together with the more recent break below the July low of 149.15, it gave the chart a much more bearish outlook. The pair closed at 147.66 on the previous trading day, resulting in a 2.31% daily gain. The pair, which is below its 20-day moving average, has momentum at 94.03, while the RSI indicator is at 31.36. The intraday downtrend could be monitored at 146.63. If it falls below this level, supports at 145.35, 143.04 and 141.76 could become important. In case of possible increases, resistance levels at 148.94, 150.22 and 152.53 could be monitored. Support: 146.630 – 145.350 Resistance: 148.940 – 150.220
The USD/TRY pair stands out in a context where currencies of developing countries worldwide show varying performances against the US Dollar. Currently, the Turkish Lira is showing a weakness of 0.04%, placing it at the lower ranks of the list. Global economic developments and the reflections of relationships between the US and Turkey cause significant fluctuations in the Turkish Lira. In particular, US economic indicators and the Fed's monetary policies are among the main factors affecting the value of the TL. Measures from China to support the economy and the general trend of global markets also shape the effects on the TL. According to the technical analysis, the USD/TRY pair is tracked at the 33.96 level as an important support on the 4-hour chart. The pair is currently trading close to the 34.15 level, and persistence above this level may support the continuation of the upward movement. Resistance levels to be observed in upward movements can be determined as 34.17, 34.25, and 34.31. The RSI indicator is at the 54.95 level, indicating a neutral trend. Price movements in the pair may reach the next resistance levels or test the current support. The current price is 34.1325, showing a 0.08% change compared to the previous day. Support:34.09 - 34.02 - 33.96 - Resistance:34.17 - 34.25 - 34.31 -
USD/TRY paritesi, dünya genelinde gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısında farklı performanslar sergilediği bir ortamda öne çıkıyor. Türk Lirası, şu an itibarıyla yüzde 0,04'lük bir zayıflık göstererek listenin alt sıralarında yer alıyor. Küresel ölçekte ekonomik gelişmeler ve ABD ile Türkiye arasındaki ilişkilerin yansımaları Türk Lirası'nın üzerinde önemli dalgalanmalara yol açıyor. Özellikle ABD'nin ekonomik göstergeleri ve Fed'in para politikaları, TL'nin değerini etkileyen başlıca unsurlar arasında bulunuyor. Çin'den gelen ekonomiyi destekleyici önlemler ve küresel piyasaların genel eğilimi de TL üzerindeki etkileri şekillendiriyor. Teknik analize göre USD/TRY paritesi 4 saatlik grafikte, 33,96 seviyesi önemli bir destek olarak izleniyor. Parite mevcut durumda 34,15 seviyesine yakın işlem görüyor ve bu seviye üzerindeki kalıcılıklar yukarı yönlü hareketin devamını destekleyebilir. Yukarı yönlü hareketlerde izlenecek direnç seviyeleri 34,17, 34,25 ve 34,31 olarak belirlenebilir. RSI göstergesi 54,95 seviyesinde olup, nötr bir seyir izliyor. Paritede fiyat hareketleri sonraki direnç seviyelerine ulaşabilir ya da mevcut desteği test edebilir. Mevcut fiyat 34,1325 olup, bir önceki güne göre yüzde 0,08’lik bir değişim göstermiştir. Destek:34.09 - 34.02 - 33.96 - Direnç:34.17 - 34.25 - 34.31 -
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.49. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase can be observed towards the levels of 33.58, 33.70 and 33.98. Permanent movements above 33.98 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 33.12 – 32.91 Resistance: 33.58 – 33.70
The GBP/USD pair may have a volatile day with the anticipated economic data from the US and the central banks' interest rate guidance. Key marketwatch items from the US side include Core Durable Goods Orders, Unemployment Claims, and 2nd Quarter Growth data. Additionally, speeches by Fed and ECB officials are critically important for future interest rate expectations. During this period, while the Dollar Index continues its weak trend, the GBP/USD pair may be under upward pressure. Within the framework of technical analysis on the 4-hour chart, the 100- period moving average at the 1.3220 level serves as a significant support for the GBP/USD pair, and the price continues to hold above this level. In upward movements, the 1.3360 resistance can be monitored as the first target. It is observed that the pair could rise to the 1.3445 resistance. The RSI indicator is at level 53, showing a neutral outlook. The pair experienced a slight decline of -0.07% compared to the previous trading day, and the current price is at the 1.3337 level. In the ensuing hours, announcements from the Dollar Index and the Fed may influence the direction of the pair. Support:1.3315 - 1.3265 - 1.322 - Resistance:1.336 - 1.34 - 1.3445 -
GBP/USD paritesi, ABD'de beklenen ekonomik veriler ve merkez bankalarının faiz kararlarına dair yönlendirmelerle hareketli bir gün geçirebilir. ABD cephesinden gelecek olan Çekirdek Dayanıklı Mal Siparişleri, İşsizlik Başvuruları ve 2. Çeyrek Büyüme verileri piyasa tarafından dikkatle izlenecek. Aynı zamanda Fed ve ECB yetkililerinin yapacağı konuşmalar, önümüzdeki döneme ilişkin faiz beklentileri açısından kritik önem taşıyor. Bu sürede, Dolar Endeksi’nin zayıf seyri devam ederken, GBP/USD paritesi yukarı yönlü baskı altında kalabilir. Teknik analiz çerçevesinde 4 saatlik grafikte, GBP/USD paritesinde 1.3220 seviyesindeki 100 periyotluk ortalama önemli bir destek oluşturuyor ve fiyat bu seviyenin üzerinde tutunmaya devam ediyor. Yukarı yönlü hareketlerde ise 1.3360 direnci ilk hedef olarak izlenebilir. Paritenin 1.3445 direncine kadar yükselebileceği gözlemlenebilir. RSI göstergesi 53 seviyesinde ve nötr bir görünüm sergiliyor. Parite, önceki işlem gününe göre %-0.07’lik hafif bir düşüş yaşarken, güncel fiyatı 1.3337 seviyesindedir. İlerleyen saatlerde Dolar Endeksi ve Fed’den gelecek açıklamalar paritenin yönü üzerinde etkili olabilir. Destek:1.3315 - 1.3265 - 1.322 - Direnç:1.336 - 1.34 - 1.3445 -
In the middle of the week, the upward movement of the US 10-year Treasury bond yield put pressure on the ounce gold price. After the markets eased their recession concerns, the effect of the increase in the 10-year yield began to be felt. On the other hand, the geopolitical risk perception towards the Middle East remains high, but there is no different development yet. As long as it remains above the 2,388.47 level, we can see upward momentum. The daily gain for the ounce of gold, which closed at 2,392.56 on the previous trading day, was 0.10%. The RSI indicator for the ounce of gold, which is below its 20-day moving average, is at 49.06, while its momentum is at 99.81. The 2,388.47 level can be followed in intraday downward movements. If this level is exceeded, the supports at 2,383.21, 2,373.86 and 2,368.61 may become important. In possible increases, 2,403.08 and 2,412.43 will be monitored as resistance levels. Support: 2388 - 2373 Resistance: 2403 - 2412
The EUR/USD pair is finding direction this week through economic data from the US and the Eurozone, as well as speeches from key central bank officials. Core Durable Goods Orders and the US's second-quarter growth data could significantly impact the pair. Statements from the Fed and ECB presidents may shape expectations regarding interest rate policies. The dollar index has been trying to recover from low levels recently but remains under pressure. Simultaneously, the Euro seems to have gained slight value by benefiting from negative indicators in the US economy. On the chart, the EUR/USD pair is being monitored on a 4-hour timeframe. Under current conditions, the levels of 1.1112 and 1.1069 can be observed as support in downward movements, while the levels of 1.1145 and 1.1153 may act as resistance in upward movements. The RSI indicator is at the 50 level, showing a neutral stance, meaning the pair exhibits a balanced trend. Compared to the previous day, there has been a 0.05% decrease in the pair. The current price is at the 1.1147 level. This situation could indicate that the pair may follow a volatile course in the short term. Support:1.11 - 1.104 - 1.099 - Resistance:1.115 - 1.12 - 1.124 -
EUR/USD paritesi, bu hafta ABD ve Euro bölgesinden gelecek ekonomik verilerle ve önemli merkez bankası yetkililerinin yapacağı konuşmalarla yön buluyor. Çekirdek Dayanıklı Mal Siparişleri ve ABD'nin ikinci çeyrek büyüme verisi parite üzerinde önemli etkilere sahip olabilir. Fed ve ECB başkanlarının açıklamaları faiz politikalarına dair beklentileri şekillendirebilir. Dolar endeksi son dönemde düşük seviyelerde toparlamaya çalışıyor ancak hala baskı altında. Aynı anda, Euro’nun da ABD ekonomisindeki olumsuz göstergelerden faydalanarak bir miktar değer kazandığı gözlemlenebilir. Grafikte, EUR/USD paritesi 4 saatlik zaman diliminde izleniyor. Mevcut koşullarda 1.1112 ve 1.1069 seviyeleri, aşağı yönlü hareketlerde destek olarak izlenebilirken, yukarı yönlü hareketlerde 1.1145 ve 1.1153 seviyeleri direnç bölgeleri olabilir. RSI göstergesi 50 seviyesinde ve nötr bir görünüm sergiliyor, yani paritede dengeli bir seyir mevcut. Önceki güne göre paritede %0.05’lik bir düşüş yaşandı. Güncel fiyat 1.1147 seviyesinde bulunuyor. Bu durum, paritenin kısa vadede dalgalı bir seyir izleyebileceğini gösterebilir. Destek:1.11 - 1.104 - 1.099 - Direnç:1.115 - 1.12 - 1.124 -
Despite the recovery trend in the Asian session, oil futures maintained their downward trend with yesterday's decline. The American Petroleum Institute announced a 180 thousand barrel increase in stocks yesterday. Today, the stock figures to be announced by the US Energy Information Administration will be followed. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 74.03 and a low of 71.71 on the previous trading day. The 74.05 level can be followed in intraday upward movements. If this level is exceeded, the 74.96, 75.95 and 77.07 resistances may become important. In possible pullbacks, the 72.45, 71.42 and 70.13 support levels will be monitored. Support: 72.45 – 71.42 Resistance: 74.05 – 74.96
Natural gas futures have experienced profit-taking after maintaining gains following hurricane reports. Developments in European and US markets, as well as changes in the Fed's interest rate policy, could also influence pricing. In the current market conditions, remaining below the 2.740 – 2.780 resistance levels suggests that downward movements may continue. If the downward pressure persists, the levels of 2.675 and 2.650 could be targeted. However, in the event of a possible recovery, it's important for a strong upward movement to have closures above 2.780. From a technical analysis perspective, natural gas prices are being monitored on the 1-hour chart. If the price can stay above the 2.550 support level, it may signal an upward movement; however, it is currently close to the initial support zone at 2.448, with resistance at the 2.550 level. The RSI indicator is at 30.46, displaying a negative outlook. This indicates an oversold situation, hinting at a potential for recovery in the short term. The daily change shows a 0.04% decrease, with the current price at the 2.495 level. Support:2.675 - 2.65 - 2.61 - Resistance:2.74 - 2.78 - 2.82-
Doğal gaz vadeli işlemleri, kasırga haberleri sonrası elde edilen kazanımları koruduktan sonra kar satışlarına uğramış durumda. Avrupa ve ABD borsalarındaki gelişmelerin yanı sıra Fed'in faiz politikasındaki değişiklikler de fiyatlamalarda etkili olabilir. Şu anki piyasa koşullarında, fiyatın 2,740 – 2,780 direnç seviyeleri altında kalması, aşağı yönlü hareketlerin devam edebileceği anlamına geliyor. Aşağı yönlü baskının devam etmesi halinde 2,675 ve 2,650 seviyeleri hedeflenebilir. Ancak olası bir toparlanmada yukarı yönlü güçlü bir hareket için 2,780'in üzerinde kapanışların görülmesi önem arz ediyor. Teknik analiz açısından, doğal gaz fiyatları 1 saatlik grafikte izleniyor. Fiyat, 2,550 destek seviyesinin üzerinde kalabilirse yukarı yönlü bir hareketin sinyali olabilir, ancak şu anda 2,448 seviyesindeki ilk destek bölgesine yakın ve direnç 2,550 seviyesinde. RSI göstergesi 30,46 seviyesinde olup, negatif bir görünüm sergiliyor. Bu da aşırı satım bölgesine işaret ediyor ve kısa vadede bir toparlanma potansiyeli olabileceğine dair ipucu veriyor. Günlük değişim %0,04 düşüşle mevcut fiyat 2,495 seviyesinde bulunuyor. Destek:2.675 - 2.65 - 2.61 - Direnç:2.74 - 2.78 - 2.82-
Despite the recovery trend in the Asian session, oil futures maintained their downward trend with yesterday's decline. The American Petroleum Institute announced a 180 thousand barrel increase in stocks yesterday. Today, the stock figures to be announced by the US Energy Information Administration will be followed. It is seen that there is a general downward trend. Brent oil saw a high of 77.70 and a low of 75.49 on the previous trading day. Brent oil, which followed a selling trend on the last trading day, lost 1.25% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 31.27, while its momentum is at 93.14. The 77.98 level can be followed in intraday upward movements. If this level is exceeded, the resistances of 78.46, 79.68 and 80.67 may become important. In case of possible pullbacks, 75.25, 74.27 and 73.05 will be monitored as support levels. Support: 75.25 – 74.27 Resistance: 77.98 – 78.46
Today, when the US Federal Reserve's closely monitored PCE data, an important inflation indicator, is to be released, an increase in market volatility is expected. The Fed's interest rate policies are being watched closely by investors, especially ahead of meetings following the elections. On the European Central Bank (ECB) side, following recent economic data, the possibility of a rate cut is on the agenda for the October meeting. The DAX 40 index is affected by these macroeconomic developments in Europe and the US, and these effects are creating a wide impact on global markets. On the daily chart, the DAX 40 index holds the support levels of 19100 and 18895. In upward movements, efforts are being made to surpass the resistance at 19300, but the price has not yet maintained stability at this level. The RSI indicator is at 63.16, indicating a positive trend. The DAX 40 index, which observed a 0.15% decrease compared to the previous day, is currently trading at 19292.7. This situation indicates that the market is in a neutral state in the short term. Support:19395 - 19280 - 19125 - Resistance:19460 - 19575 - 19660-
ABD Merkez Bankası Fed'in enflasyon göstergesi olarak önem verdiği PCE verisinin açıklanacağı bugün, piyasalarda volatilite artışı bekleniyor. Fed’in faiz politikaları, özellikle seçim sonrası gelecek toplantılar öncesinde yatırımcılar tarafından dikkatle izleniyor. Avrupa Merkez Bankası (ECB) tarafında ise, yakın dönem ekonomik verilerin ardından Ekim toplantısında faiz indirimi ihtimali gündemde. DAX 40 endeksi, Avrupa ve ABD'deki bu makroekonomik gelişmelerden etkileniyor ve bu etkiler küresel piyasalarda geniş bir etki yaratıyor. Günlük grafikte DAX 40 endeksi, 19100 ve 18895 destek seviyelerini koruyor. Yukarı yönlü hareketlerde 19300 direnci aşılmaya çalışılıyor, ancak fiyat bu seviyede henüz kalıcılık sağlayamıyor. RSI göstergesi 63.16 seviyesinde ve pozitif bir eğilime işaret ediyor. Bir önceki güne göre %0.15'lik bir düşüş gözlemlenen DAX 40 endeksi, an itibarıyla 19292.7 seviyesinde işlem görüyor. Bu durum, kısa vadede piyasanın nötr bir durumda olduğunu gösteriyor. Destek:19395 - 19280 - 19125 - Direnç:19460 - 19575 - 19660-
Super Micro Computer fell more than 13% with its lower-than-expected earnings results, putting pressure on other chipmakers such as Nvidia and AMD. Airbnb also fell by about 17% with its lower-than-expected financial results. Despite this situation, the NDXUSD index showed some recovery in the short term as recession concerns eased somewhat. When we evaluate it technically, as long as the downward demand is limited in the 18140 - 18055 area, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 18420 and 18550 levels. In the alternative view, permanent pricing may be needed below the 18140 - 18055 area for the downward trend to become dominant. In this case, movements towards the 18080 and 17960 levels can be monitored. Support: 18140 - 18055 Resistance: 18420 - 18550
The NASDAQ 100 index continues its upward trend amid expectations regarding Fed Chairman Powell's speech and growth rates. Notably, technology stocks, particularly chip manufacturers, are driving the index higher, with core PCE price index and Michigan consumer sentiment playing an important role in the index's pricing. The 2nd quarter growth in the U.S. rising by 3% in line with estimates and the low level of unemployment benefit claims create an optimistic atmosphere. Following the Fed's rate cut, the still tight pricing conditions might influence future monetary policy decisions. According to the hourly chart, the NASDAQ 100 index is currently trading at the level of 20096. Additionally, the 20150 - 20250 range stands out as a significant support zone in the short term. Resistance levels can be observed at 20500 and 20650. The RSI indicator is at 48.93, showing a neutral outlook. The index's decline of 0.15% following yesterday's close is noteworthy. Overall, if the index remains above the 20150 - 20250 support band, upward price movements are likely to continue. Support:20250 - 20150 - 20000 Resistance:20500 - 20650 - 20750
NASDAQ 100 endeksi, Fed Başkanı Powell’ın konuşması ve büyüme oranlarına yönelik beklentilerle yükseliş eğilimini sürdürmeye devam ediyor. Özellikle çip üreticileri başta olmak üzere teknoloji hisseleri endeksi yukarı taşırken, endeks fiyatlamalarında çekirdek PCE fiyat endeksi ve Michigan tüketici hissiyatı önemli rol oynuyor. ABD’deki 2. çeyrek büyümesinin tahminlere paralel olarak %3 artması ve işsizlik haklarından yararlanma başvurularının düşük seyretmesi iyimser bir hava yaratmakta. Fed’in faiz indirimi sonrası halen sıkı olan fiyat koşulları, ileriye yönelik para politikası kararlarında etkili olabilir. Saatlik grafiğe göre, NASDAQ 100 endeksi şu an 20096 seviyesinde işlem görüyor. Ayrıca, 20150 - 20250 bandı kısa vadede önemli bir destek bölgesi olarak öne çıkıyor. Direnç seviyeleri ise 20500 ve 20650 olarak izlenebilir. RSI göstergesi ise 48.93 seviyesinde bulunuyor ve nötr bir görünüm sergiliyor. Endeksin dünkü kapanışı sonrası %0.15’lik bir düşüş göstermesi dikkat çekmekte. Genel görünümde, endeksin 20150 - 20250 destek bandının üzerinde kalması durumunda yukarı yönlü fiyat hareketlerinin devam etmesi olası görünüyor. Destek:20250 - 20150 - 20000 Direnç:20500 - 20650 - 20750
Although the latest financial reports announced in the technology sector in the US were below expectations, indices such as SPXUSD and NDXUSD showed an increase. Here, the fact that stagnation concerns were somewhat reduced contributed to the situation. It can be said that the DAXEUR index also kept pace with global stock indices. When we evaluate technically, as long as the 21 (17174) period exponential moving average currently supports the 17340 level, the positive trend may continue. If the upward demand continues, a movement area may form towards the 17610 and 17790 levels. Support Levels are the 17340 - 17210 range. Support: 17340 - 17210 Resistance: 17610 - 17790
Brent crude oil prices continue to be pressured by news of Saudi Arabia's production increase and speculations about the potential rise in Libya's production. The trends in European and US stock markets could influence pricing in the upcoming period. If prices remain below the 72.00 - 72.50 resistance, a downward outlook could prevail, with the potential to decline to the levels of 70.50 and 70.00. However, overcoming the 72.00 - 72.50 resistance zone in recovery attempts will be critical to preventing a new drop potential. In technical analysis, Brent crude is trading on the 1-hour chart and is moving below the 72.50 level. For the current price at 70.71, the 70.50 level will be monitored as support, while 72.00 and 72.50 levels will be watched as resistance. The RSI indicator is at 37, showing a negative outlook. It is observed that Brent crude has declined by 0.17% compared to the previous day. The current price is trading at 70.72 dollars. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5-
Brent petrol fiyatları, Suudi Arabistan’ın üretim artışına yönelik haberler ve Libya’daki üretimin yeniden artabileceğine dair spekülasyonlarla baskı altında kalmaya devam ediyor. Avrupa ve ABD borsalarının seyri, önümüzdeki dönemde fiyatlamalar üzerinde etkili olabilir. Fiyatların 72,00 – 72,50 direnci altında kalması halinde aşağı yönlü bir görünüm baskın olabilir ve bu durumda 70,50 ile 70,00 seviyelerine kadar gerileme potansiyeli bulunabilir. Ancak, toparlanma girişimlerinde 72,00 – 72,50 direnç bölgesinin aşılması, yeni bir düşüş potansiyelini önlemek adına kritik olacaktır. Teknik analizde, Brent petrol 1 saatlik grafikte işlem görmekte ve 72,50 seviyesinin altında hareket etmektedir. Şu anda 70,71 seviyesinde bulunan fiyat için 70,50 seviyesi destek, 72,00 ve 72,50 seviyeleri direnç olarak izlenecektir. RSI göstergesi 37 seviyesinde olup, negatif bir görünüm sergilemektedir. Brent petrolün önceki güne göre %0,17 oranında gerilediği gözlenmektedir. Güncel fiyat ise 70,72 dolar seviyesinde işlem görmektedir. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
After experiencing the highest volatility of recent times on Monday (BTC, which fell below $ 50,000, albeit in a small time interval during the day), after the recession concerns in the US were somewhat reduced, the markets showed some relief and managed to rise above $ 57,000 by more than 10% yesterday and this morning. In addition, the geopolitical risk perception remains high, it is useful to be careful. BITCOIN, which was at the level of 56,780 while the Analysis was being prepared, can remain strong, which shows us that it may not go below $ 50,000. On the technical side, BTC, after breaking the daily $ 57,990 band, is the most important support level at $ 55,520, and if the sell position continues from here, we can see a pullback to $ 53,030. Support: 55,520 - 53,030 Resistance: 57,990 - 59,740
WTI crude oil prices remain under pressure due to Saudi Arabia's production increase commitment and speculation about production in Libya. It is noted that developments in European and US markets will also be monitored. It is evaluated that as long as prices remain between 68.50 – 69.00 levels, the downward trend may remain in the foreground. It is stated that downward movements may continue to 67.00 and 66.50 levels, and in case of possible recoveries, closing prices above the 69.00 level should be monitored. In technical analysis, based on the price movements observed in the 1-hour chart timeframe, the 67.00 level has been determined as support. Resistance is observed at the 68.50 and 69.00 levels. The RSI indicator is at 38.49 and currently shows a negative outlook. Compared to the previous day, the price has decreased by 0.43% and is currently trading at 68.147. Support:67 - 66.5 - 66 - Resistance:68 - 68.5 - 69 -
WTI ham petrol fiyatları, Suudi Arabistan'ın üretim artışı taahhüdü ve Libya'daki üretim spekülasyonları nedeniyle baskı altında kalıyor. Avrupa ve ABD borsalarındaki gelişmelerin de takip edileceği belirtiliyor. Fiyatlamalar 68,50 – 69,00 seviyeleri arasında olduğu sürece düşüş trendinin ön planda kalabileceği değerlendiriliyor. Aşağı yönlü hareketlerin 67,00 ve 66,50 seviyelerine kadar sürebileceği, olası toparlanmalarda ise 69,00 seviyesi üzerindeki kapanışların izlenmesi gerektiği ifade ediliyor. Teknik analizde, 1 saatlik grafik zaman diliminde izlenen fiyat hareketlerine göre, 67,00 seviyesi destek olarak belirlenmiş durumda. Direnç ise 68,50 ve 69,00 seviyelerinde gözleniyor. RSI göstergesi 38,49 seviyesinde ve şu an negatif bir görünüm sergiliyor. Bir önceki güne göre fiyat %0,43 düşmüş durumda ve güncel olarak 68,147 seviyesinden işlem görüyor. Destek:67 - 66.5 - 66 - Direnç:68 - 68.5 - 69 -
While the US Energy Information Administration raised its 2024 natural gas price forecast due to production restrictions and increasing electricity production demand, the price was seen to recover somewhat as weather forecasts in the US pointed to warm conditions. The course of European and US stock markets can be followed during the day. As long as the prices remain above the 1.92 - 1.88 support, an upward outlook may be at the forefront. In possible increases, 2.08 - 2.12 levels can be targeted. In possible decreases, the attitude of the 1.92 - 1.88 support can be followed. The breakdown of this support and hourly closings in the region may bring the 1.82 and 1.76 levels to our agenda. Support: 1.92 - 1.88 Resistance: 2.08 - 2.12
Gold is under pressure due to the rise in the Dollar index and U.S. 10-year Treasury yields following positive growth data from the U.S. economy and low unemployment claims. Although geopolitical risks in the Middle East attempt to support prices, the precious metal still feels this pressure. Significant indicators such as the core PCE price index change and Michigan consumer sentiment on the U.S. front may influence the pricing of gold. As long as gold manages to hold at the 2660 support level, it can maintain an advantageous potential for a rise. From a technical perspective, when examined on a 1-hour time frame, the XAU/USD pair is moving between the 2660 support and 2680-2690 resistance levels. The RSI indicator is at 45, indicating a neutral trend in the market. Having experienced a daily decrease of 0.24%, gold is currently trading at the 2664.04 level. Prices are following a horizontal course, waiting for a new catalyst to establish a clear trend. Support:2660 - 2650 - 2640 - Resistance:2680 - 2690 - 2700 -
Ons altın, ABD ekonomisinden gelen olumlu büyüme verileri ve düşük işsizlik başvuruları sonrasında Dolar endeksi ve ABD 10 yıllık tahvil getirilerinin yükselmesiyle baskılanıyor. Orta Doğu’daki jeopolitik riskler fiyatları desteklemeye çalışsa da, değerli metal hâlâ bu baskıyı hissediyor. ABD Cephesi'nde çekirdek PCE fiyat endeksi değişimi ve Michigan tüketici hissiyatı gibi önemli göstergeler, ons altın üzerindeki fiyatlamalara etki edebilir. Altın, 2660 destek seviyesinde tutunmayı başardığı sürece, avantajlı bir yükseliş potansiyelini sürdürebilir. Teknik açıdan, XAU/USD paritesi 1 saatlik zaman diliminde incelendiğinde, 2660 destek ve 2680-2690 direnç seviyeleri arasında hareket gözleniyor. RSI göstergesi 45 seviyesinde olup, piyasada nötr bir eğilim hakim. Günlük bazda %0.24 oranında bir düşüş yaşayan ons altın, an itibarıyla 2664.04 seviyesinden işlem görmekte. Yatay bir seyir izleyen fiyatlar, belirgin bir trend oluşturacak yeni bir katalizör bekliyor. Destek:2660 - 2650 - 2640 - Direnç:2680 - 2690 - 2700 -
The Classic Dollar Index continues its course below the indicators we base it on (103.85 - 104.50 region) before the critical US data. However, for clearer declines in the index, persistence below 103.25 is especially important. It should not be forgotten that permanent movements above the 105 level are needed for the current scenario to be considered invalid. The 102.910 level can be followed in intraday downward movements. In case of falling below this level, the supports of 102.730 and 102.590 may become important. In possible increases, 103.530 and 103.750 will be followed as resistance levels. Support: 102.910-102.730 Resistance: 103.530-103.750
The USD/TRY pair is drawing attention as currencies of developing countries generally show a weak trend against the US Dollar. The Turkish Lira exhibits a similar negative trend when compared to the Malaysian Ringgit and South African Rand. Economic data from the US, particularly unemployment claims and growth figures, could influence the FED's interest rate policy. Upcoming data releases such as PCE inflation and the Michigan Consumer Sentiment are thought to potentially increase pressure on fiscal policy. According to the chart, the USD/TRY pair is being monitored in the 4-hour time frame. It is testing the 34.17 resistance level, with 34.25 and 34.32 resistance points above this level. In downward movements, 34.04 and 33.88 are watched as critical support levels. The RSI indicator is at 58.76, signaling a positive outlook. The change from the previous day remains limited at 0.02%. Lastly, USD/TRY is trading at the level of 34.17. Support:34.09 - 34.02 - 33.96 - Resistance:34.17 - 34.25 - 34.31 -
USD/TRY paritesi, gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısında genel olarak zayıf bir seyir izlemesiyle birlikte dikkat çekiyor. Türk Lirası, Malezya Ringgiti ve Güney Afrika Randı ile kıyaslandığında benzer bir negatif eğilim gösteriyor. ABD'den gelen ekonomik veriler, özellikle işsizlik haklarından yararlanma başvuruları ve büyüme rakamları FED'in faiz politikası üzerinde etkili olabilir. PCE enflasyonu ve Michigan Tüketici Hissiyatı gibi önümüzdeki veri açıklamalarının, mali politika üzerindeki baskıyı artırabileceği düşünülüyor. Grafiğe göre USD/TRY paritesi 4 saatlik zaman diliminde izlenmekte. 34.17 direnç seviyesini test ediyor ve bu seviyenin üzerinde 34.25 ve 34.32 direnç noktaları bulunuyor. Aşağı yönlü hareketlerde ise 34.04 ve 33.88 kritik destek seviyeleri olarak izleniyor. RSI göstergesi 58.76 seviyesinde olup pozitif bir görünüme işaret ediyor. Bir önceki güne göre değişim yüzde 0.02 seviyesinde sınırlı kalmış durumda. Son olarak, USD/TRY 34.17 düzeyinden işlem görüyor. Destek:34.09 - 34.02 - 33.96 - Direnç:34.17 - 34.25 - 34.31 -
The GBP/USD pair is moving with the expectations of the US Federal Reserve's PCE inflation data. This data is closely monitored as it could influence the Fed's interest rate policy. The downward trend of the Dollar Index may support the GBP/USD pair upwards. However, it should be considered that short-term volatility may occur with statements from the Fed in the event of potential scenario changes. The GBP/USD pair is trading above the EMA 50 and 100 averages (1.3220 - 1.3265 region) on the 4-hour chart. The first resistance is at the 1.3400 level, followed closely by the 1.3445 and 1.3500 levels. The support areas are at 1.3243 and 1.3143 levels. The RSI indicator is at 55.73 and shows a neutral trend. The GBP/USD pair is trading at 1.3381, a 0.04% decrease compared to the previous day. Support:1.336 - 1.331 - 1.3265 - Resistance:1.34 - 1.3445 - 1.35 -
GBP/USD paritesi, ABD Merkez Bankası Fed’in PCE enflasyon verisi beklentileri ile hareket ediyor. Bu veri, Fed’in faiz politikası üzerinde etkili olabileceğinden dikkatle izlenmekte. Dolar Endeksi’nin düşüş eğilimi, GBP/USD paritesini yukarı yönlü destekleyebilir. Ancak olası senaryo değişikliklerinde Fed’den gelecek açıklamalar ile kısa vadede volatilite oluşabileceği göz önünde bulundurulmalıdır. GBP/USD paritesi, 4 saatlik grafikte EMA 50 ve 100 ortalamalarının (1.3220 – 1.3265 bölgesi) üzerinde seyrediyor. İlk direnç 1.3400 seviyesinde, sonrasında 1.3445 ve 1.3500 seviyeleri dikkatle izlenmeli. Destek bölgeleri ise 1.3243 ve 1.3143 seviyeleridir. RSI göstergesi 55.73 seviyesinde ve nötr bir eğilim sergiliyor. GBP/USD paritesi, önceki güne göre %0.04 oranında düşüşle 1.3381 seviyesinden işlem görüyor. Destek:1.336 - 1.331 - 1.3265 - Direnç:1.34 - 1.3445 - 1.35 -
The EUR/USD pair continues to fluctuate under the influence of potential interest rate decisions by the European Central Bank and U.S. data. The potential impact of the U.S. PCE inflation data on markets is being closely monitored. On the European side, recession fears and interest rate cut expectations are on the agenda. The ongoing weak trend in the Dollar Index emerges as a factor that could support the Euro. When examining the EUR/USD pair on a 4-hour time frame on the chart, it is observed that it is testing the 1.1165 resistance. In downward movements, levels of 1.1118 and 1.1100 can be monitored as support. The RSI indicator is at 52, displaying a neutral stance. Compared to the previous day, the pair experienced a decline of 0.03%. The current price is trading at around the 1.1167 level. Support:1.115 - 1.11 - 1.104- Resistance:1.12 - 1.124 - 1.1275 -
EUR/USD paritesi, Avrupa Merkez Bankası'nın olası faiz kararları ve ABD verilerinin etkisi altında dalgalanmaya devam ediyor. ABD'deki PCE enflasyon verisinin piyasalar üzerindeki potansiyel etkisi dikkatle izleniyor. Avrupa tarafında ise resesyon korkusu ile faiz indirimi beklentileri gündemde. Dolar Endeksi'nde devam eden zayıf seyir de, Euro'yu destekleyebilecek bir unsur olarak öne çıkıyor. Grafik üzerinde EUR/USD paritesi 4 saatlik zaman diliminde incelendiğinde, 1.1165 direncini test ettiği görülüyor. Aşağı yönlü hareketlerde 1.1118 ve 1.1100 seviyeleri destek olarak izlenebilir. RSI göstergesi 52 seviyesinde olup nötr bir görünüm sergiliyor. Önceki güne göre parite %0.03 oranında bir düşüş yaşadı. Güncel fiyat ise 1.1167 seviyelerinde işlem görüyor. Destek:1.115 - 1.11 - 1.104 - Direnç:1.12 - 1.124 - 1.1275 -
DAXEUR - Enflasyon beklentilerinin gerilemesi ile pozitif teknik görünümün devam ettiği Almanya Borsa Endeksi DAX için geri çekilmelerin kısıtlı kaldığı görülmektedir. Euro Bölgesi faiz indirim politikası yükselişleri desteklediği gibi, beklentiler faiz indirimine yönelik olmasından dolayı da DAX Endeksi'nde yukarı yönlü hareketlerin devamı beklenmektedir. Temel ve teknik pozitif olduğundan dolayı net alım yönünde kalınmasının uygun olduğu ve trend devam ettiği sürece satış yönünde pozisyonların değerlendirilmesinin riskli olduğu görülmektedir.
Destek: 19188 - 19095 Direnç: 19467 - 19560
U.S. natural gas futures are under the influence of global macroeconomic factors such as economic developments in China and slowdowns in European inflation. Structural steps taken by China for mortgage debts provide some relief in the real estate market, while leadership changes in Japan seem to create selling pressure on the markets. Additionally, U.S. 10- year bond yields and the dollar index remain stable, and U.S. markets have not yet been significantly affected by global developments. In parallel with this process, price movements in U.S. natural gas futures may naturally remain in harmony with these global developments. From a technical analysis perspective, the NGCUSD pair is showing a recovery trend on the hourly chart. As prices currently move at the 2.680 level, resistance levels of 2.910 and 2.940 should be closely monitored in upward movements. In potential declines, the 2.780 – 2.820 support zone is critical. The RSI indicator is at 70.26, showing a positive trend in the overbought zone. Compared to the previous day, the pair has seen a 0.19% increase. The current price is trading at 2.680. Support:2.85 - 2.82 - 2.78 Resistance:2.91 - 2.94 - 2.97
ABD doğal gaz vadeli sözleşmesi, Çin'deki ekonomik gelişmeler ve Avrupa enflasyonundaki yavaşlamalar gibi global makroekonomik faktörlerin etkisi altında. Çin'in mortgage borçları için yapısal adımlar atması, gayrimenkul piyasasında biraz rahatlama sağlarken, Japonya'nın liderlik değişikliğinin piyasalar üzerinde satış baskısı oluşturduğu görülüyor. Bunların yanında, ABD 10 yıllık tahvil faizleri ve dolar endeksi sabit seyrediyor ve ABD piyasalarının henüz global gelişmelerden önemli şekilde etkilenmediği dikkat çekiyor. Bu sürece paralel olarak, ABD doğal gaz vadeli işlemlerinde fiyat hareketleri doğal olarak bu global gelişmelerle uyum içinde kalabilir. Teknik analiz açısından, NGCUSD paritesi saatlik grafikte bir toparlanma eğilimi sergilemekte. Fiyatlar an itibarıyla 2.680 seviyesinde hareket ederken, yukarı yönlü hareketlerde 2.910 ve 2.940 direnç seviyeleri yakından izlenmeli. Olası düşüşlerde ise 2.780 – 2.820 destek bölgesi önem arz ediyor. RSI göstergesi 70.26 seviyesindedir ve piyasa aşırı alım bölgesinde pozitif bir eğilim göstermektedir. Önceki güne göre paritede %0.19'luk bir artış gözlemlenmekte. Güncel fiyat 2.680 olarak işlem görüyor. Destek:2.85 - 2.82 - 2.78 Direnç:2.91 - 2.94 - 2.97
Various macroeconomic data from China, Japan, and Europe, along with uncertainties regarding central banks' interest rate policies, may affect the performance of the DAX 40 index. In China, PMI data exceeding expectations, political developments in Japan, and the downward trend of inflation in Germany are among the factors to be closely monitored in the markets. It is expected that the policies to be followed by the ECB and the Fed in their upcoming meetings will be decisive on stock indices. Today, Germany's CPI data and the speeches by ECB and Fed officials could have direct effects on the DAX 40. In technical analysis, the DAX 40 index is trading in the hourly chart view. Resistance levels are identified at 19660 and 19755, while in downward movements, the 19460 and 19358 levels are monitored as support. The RSI indicator is at 63 and shows a positive trend. As of today, the RSI indicator of DAX 40 has recorded a 0.11% decrease. Currently, the index is trading at the 19454 level. Support:19575 - 19460 - 19358 Resistance:19660 - 19755 - 19838
Çin, Japonya ve Avrupa'dan gelen çeşitli makroekonomik veriler ve merkez bankalarının faiz politikalarına yönelik belirsizlikler, DAX 40 endeksinin performansını etkileyebilir. Çin'de PMI verilerinin beklentiyi aşması, öte yandan Japonya'daki siyasi gelişmeler ve Almanya'da enflasyonun düşüş trendi, piyasalarda dikkatle takip edilmesi gereken unsurlar arasında yer alıyor. Özellikle, ECB ve Fed'in önümüzdeki toplantılarında izleyecekleri politikaların borsa endeksleri üzerinde belirleyici olacağı öngörülüyor. Bugün Almanya TÜFE verisi ile ECB ve Fed yetkililerinin konuşmaları, DAX 40 üzerinde doğrudan etkiler yaratabilir. Teknik analizde DAX 40 endeksi, saatlik grafik görünümünde işlem görmekte. Endeks, 19660 ve 19755 noktaları direnç seviyeleri olarak belirlenirken, aşağı yönlü hareketlerde 19460 ve 19358 seviyeleri destek olarak izleniyor. RSI göstergesi 63 düzeyinde bulunuyor ve pozitif bir eğilim sergiliyor. Bugün itibariyle DAX 40'ın RSI göstergesi 0,11% düşüş kaydetmiştir. Güncel olarak, endeks 19454 seviyesinden işlem görüyor. Destek:19575 - 19460 - 19358 Direnç:19660 - 19755 - 19838
The NASDAQ100 index is experiencing limited pricing due to the resilient nature of the annual data, despite the core PCE price index coming in below expectations. The decline in the US 10-year bond yield also supports this situation. Data to watch closely today includes the Chicago PMI and the speech by Fed Chair Powell. While steps taken towards the real estate sector positively impact the China and Hong Kong indices, political developments in Japan unexpectedly affecting the winner are keeping the indices under pressure. According to technical analysis, on the 1-hour chart, the NASDAQ100 index is in a breakout phase between the levels of 20150 and 20350 in upward pricing. The index is currently trading at 19977, with the RSI indicator at 41.96, presenting a negative outlook. Support levels are seen at 19800 and 19900, while resistance levels are at 20049 and 19995 in upward movements. Currently, there has been a 0.03% decline compared to the previous day. Support:20150 - 20000 - 19900 Resistance:20350 - 20500 - 20650
NASDAQ100 endeksi, çekirdek PCE fiyat endeksinin beklentilerden düşük gelmesine rağmen yıllık verilerin dirençli seyrini sürdürmesi nedeniyle sınırlı bir fiyatlama yaşamaktadır. ABD 10 yıllık tahvil faizinde yaşanan gerileme de bu durumu desteklemektedir. Bugün içinde dikkatle izlenmesi gereken veriler Chicago PMI ve Fed Başkanı Powell’ın konuşması olacaktır. Çin ve Hong Kong endekslerinde gayrimenkul sektörüne yönelik atılan adımların olumlu etkisi gözlenirken, Japonya’da siyasi gelişmelerin kazananı sürpriz biçimde etkilemesi endeksleri baskı altında tutuyor. Teknik analize göre, 1 saatlik grafikte NASDAQ100 endeksi, yukarı yönlü fiyatlamalarda 20150 ve 20350 seviyeleri arasında bir kırılma aşamasındadır. Endeks şu an 19977 seviyelerinde işlem görmekte ve RSI göstergesi 41.96 seviyesinde olup, negatif bir görünüm sergilemektedir. Destek bölgeleri olarak 19800 ve 19900 seviyeleri izlenirken, yukarı yönlü hareketlerde 20049 ve 19995 direnç seviyeleri bulunuyor. Mevcut durumda, önceki güne göre %0.03'lük bir düşüş yaşanmıştır. Destek:20150 - 20000 - 19900 Direnç:20350 - 20500 - 20650
Brent crude started the week quietly, focusing on geopolitical developments surrounding Iran's potential responses following Hezbollah leader Nasrallah's visit. While the course of European and US stock markets could guide the markets, a downward trend may be expected as long as the potential price movements remain below the resistance levels of 72.00 – 72.50. In possible declines, the levels of 71.50 and 71.00 can be targeted, while closings above the 72.00 – 72.50 band can be considered a sign of potential recoveries. Measures taken towards China's real estate sector and the neutral start in America could also influence pricing. Technically, when analyzing Brent crude on the 1-hour chart, the 72.50 resistance level forms an important threshold, and if this level is exceeded, the levels of 73.00 and 73.50 can be monitored. Currently, the levels of 71.45 and 71.00 can be watched as support. The RSI indicator is at 61.79, showing a positive trend. With a 0.45% increase compared to the previous day, the current price of Brent crude is 72.35. This situation may require a cautious approach unless a resistance breakout occurs. Support:71.5 - 71 - 70.5 Resistance:72.5 - 73 - 73.5
Brent petrol, Hizbullah lideri Nasrallah’ın seyahati sonrası İran’ın potansiyel tepkileri çevresinde izlenen jeopolitik gelişmelere odaklanarak haftaya sakin bir başlangıç yaptı. Avrupa ve ABD borsalarının seyri piyasalara yön verebilirken, potansiyel fiyat hareketlerinde 72,00 – 72,50 direnç seviyeleri altında kalındığı sürece aşağı yönlü bir eğilim beklenebilir. 71,50 ve 71,00 seviyeleri olası düşüşlerde hedeflenebilirken, 72,00 – 72,50 bandının üzerindeki kapanışlar, olası toparlanmaların bir işareti olarak değerlendirilebilir. Çin’in gayrimenkul sektörüne yönelik atılan adımlar ve Amerika’daki nötr başlangıç da fiyatlamalarda etkili olabilir. Teknik olarak, 1 saatlik grafikte Brent petrol analizi yapıldığında, 72,50 direnç seviyesi önemli bir eşik oluştururken, bu seviyenin aşılması halinde 73,00 ve 73,50 seviyeleri takip edilebilir. Mevcut durumda ise 71,45 ve 71,00 seviyeleri destek olarak izlenebilir. RSI göstergesi 61,79 seviyesinde olup, pozitif bir eğilim göstermektedir. Bir önceki güne göre %0,45 artışla Brent petrolün güncel fiyatı 72,35 seviyesindedir. Bu durum, direnç kırılımı gerçekleşmediği sürece ihtiyatlı bir yaklaşımı gerektirebilir. Destek:71.5 - 71 - 70.5 Direnç:72.5 - 73 - 73.5
The oil market started the week cautiously due to geopolitical developments in the Middle East. Iran and other market dynamics play a significant role in pricing. While the trends of European and US exchanges are being monitored throughout the day, economic reforms in China are having a positive impact on Asian markets. In addition, political developments in Japan and the stable course of US bond yields create uncertainty in the global economic outlook. The decrease in inflation rates in Germany has the potential to affect the European Central Bank's policy actions. Technically, the WTIUSD pair is trading at the 69.19 level on the 1-hour chart. In upward movements, the resistance levels 69.50 and 70.00 should be monitored. In downward movements, the levels 68.50 and 68.00 can be followed as support. The RSI indicator is at the level of 58, showing a positive trend. On the other hand, the price has increased by 0.45% compared to the previous day. Support:68 - 67.5 - 67 - Resistance:69 - 69.5 - 70 -
Petrol piyasası, Orta Doğu’daki jeopolitik gelişmelerin etkisiyle haftaya temkinli bir başlangıç yaptı. İran ve diğer piyasa dinamikleri, fiyatlamalarda önemli rol oynuyor. Avrupa ve ABD borsalarının seyri gün içinde izlenirken, Çin'de yapılan ekonomik reformlar Asya piyasalarına olumlu yansıyor. Bunun yanında, Japonya'daki siyasi gelişmeler ve ABD tahvil faizlerinin durağan seyri, küresel ekonomik görünümde belirsizlik yaratıyor. Almanya'daki enflasyon oranlarının düşmesi ise Avrupa Merkez Bankası'nın politika adımlarını etkileyebilecek potansiyelde. Teknik olarak, WTIUSD paritesi 1 saatlik grafikte 69.19 seviyesinden işlem görüyor. Yukarı yönlü hareketlerde 69.50 ve 70.00 direnç seviyeleri takip edilmelidir. Aşağı yönlü hareketlerde ise 68.50 ve 68.00 seviyeleri destek olarak izlenebilir. RSI göstergesi 58 seviyesinde olup, pozitif bir eğilim sergiliyor. Diğer yandan, fiyat önceki güne göre %0.45’lik bir artış göstermiştir. Destek:68 - 67.5 - 67 - Direnç:69 - 69.5 - 70 -
The decline in the US 10-year Treasury bond yield has shown an upward pricing in the EURUSD pair. After the markets eased their recession concerns, the 10-year yield has fallen back to 3.90%. On the other hand, the Dollar Index is also paving the way for increases in the EURUSD pair. The downward movement observed in the dollar index supports the pair upwards. The daily gain for the pair, which closed at 1.0933 on the previous trading day, was 0.09%. The RSI indicator for the pair, which is above its 20-day moving average, is at 60.58, while its momentum is at 100.73. The 1.0922 level can be followed in intraday downward movements. If this level is dropped, the supports at 1.0911 and 1.0904 may become important. In possible increases, 1.0947 and 1.0958 will be monitored as resistance levels. . Support: 1.0922 – 1.0911 Resistance: 1.0947 – 1.0958
Despite the core PCE price index falling below monthly expectations, gold is under relative pressure due to the limited decline in the Dollar index and U.S. 10-year bond yields, as it maintains a stable annual trend. The Chicago PMI and Fed Chair Powell's speech may cause fluctuations in the precious metal. While trading decisively in the 2640-2660 range, the existing consolidation may continue unless a more permanent movement occurs above the 2660 level. For a positive scenario, it will be important to monitor the 2670 and 2680 levels. On the hourly chart, gold is trading at 2651.57. The price continues to remain within the 2640 support and 2660 resistance range. The RSI indicator is showing a neutral outlook at 49.63. A 0.11% increase was recorded compared to the previous day. The current price movement does not technically provide a clear signal for an upward or downward direction. It is crucial to carefully monitor the determined support and resistance levels for movements by the end of the day. Support:2640 - 2630 - 2620 - Resistance:2660 - 2670 - 2680 -
Ons altın, çekirdek PCE fiyat endeksinin aylık beklentilerin altında kalmasına rağmen yıllık bazda katı seyrini sürdürmesi ile Dolar endeksi ve ABD 10 yıllık tahvil faizlerindeki sınırlı gerilemeye rağmen nispi bir baskı altında bulunuyor. Chicago PMI ve Fed Başkanı Powell’ın konuşması, değerli metal üzerinde dalgalanmalara neden olabilir. Kıymetli metal, 2640-2660 aralığında karar aşamasında seyrederken, 2660 seviyesinin üzerinde daha kalıcı bir hareket oluşmadığı sürece mevcut sıkışıklık devam edebilir. Pozitif bir senaryo için 2670 ve 2680 seviyelerini izlemek önemli olacaktır. Saatlik grafikte, ons altın 2651.57 seviyesinde işlem görüyor. Fiyat, 2640 destek ve 2660 direnç aralığında kalmaya devam ediyor. RSI göstergesi 49.63 seviyesinde nötr bir görünüm sergiliyor. Bir önceki güne göre %0.11’lik bir yükseliş kaydedildi. Mevcut fiyat hareketi, teknik olarak yukarı ya da aşağı yönlü belirgin bir sinyal vermiyor. Gün sonunda hareketlenmeler için belirlenen destek ve direnç seviyelerinin dikkatle izlenmesi önem arz ediyor. Destek:2640 - 2630 - 2620 - Direnç:2660 - 2670 - 2680 -
The decline in the US 10-year Treasury bond yield limited the declines in the GBPUSD pair. After the markets eased their recession concerns, the 10-year yield fell back to 3.90%. On the other hand, the Dollar Index is also paving the way for increases in the GBPUSD pair. The daily loss for the pair, which closed at 1.2679 on the previous trading day, was 0.10%. The RSI indicator for the pair, which is below its 20-day moving average, is at 36.89, while its momentum is at 98.23. The 1.2704 level can be followed in intraday upward movements. If this level is exceeded, the 1.2712 and 1.2724 resistances may become important. In possible pullbacks, 1.2672, 1.2666 and 1.2653 will be monitored as support levels. . Support: 1.2672 – 1.2666 Resistance: 1.2704 – 1.2712
The USD/TRY pair is trading under the influence of the divergence of emerging market currencies against the US Dollar and global economic developments. While the Turkish Lira is in a neutral position, incentives in the Chinese economy and political developments in Japan are shaping global forex markets. At the start of the week, the upward trend observed in Chinese indices and the selling pressure in Japan are noteworthy, while economic data from the US and Germany also guide the markets. When examining the 4-hour chart, the USD/TRY pair is trading close to the level of 34.17. Technically, the levels of 34.19, 34.25, and 34.32 are monitored as resistance. The level of 33.96, which is the lower point of the Envelope indicator, stands out as an important support level. The RSI indicator is at the level of 55.20 and shows a neutral outlook. The change in the pair compared to the previous day was positive at 0.09%. The current price is at the level of 34.17. Support:34.09 - 34.02 - 33.96 Resistance:34.19 - 34.25 - 34.32
USD/TRY paritesi, gelişmekte olan piyasaların para birimlerinin ABD Doları karşısındaki ayrışımları ve küresel ekonomik gelişmelerin etkisi altında işlem görüyor. Türk Lirası nötr bir konumda bulunurken, Çin ekonomisindeki teşvikler ve Japonya'daki siyasi gelişmeler küresel döviz piyasalarını şekillendiriyor. Haftanın başında Çin endekslerinde görülen yükseliş eğilimi ve Japonya'daki satış baskısı dikkat çekerken, ABD ve Almanya'dan gelen ekonomik veriler de piyasalara yön veriyor. 4 saatlik grafik incelendiğinde, USD/TRY paritesi 34,17 seviyesine yakın işlem görüyor. Teknik olarak, 34,19, 34,25 ve 34,32 seviyeleri direnç olarak izleniyor. Envelope göstergesi alt noktası olan 33,96 seviyesi önemli bir destek seviyesi olarak dikkat çekiyor. RSI göstergesi 55,20 seviyesinde ve nötr bir görünüm sergiliyor. Paritenin önceki güne göre değişimi yüzde 0,09 seviyesinde pozitif olarak gerçekleşti. Güncel fiyat 34,17 seviyesinde bulunuyor. Destek:34.09 - 34.02 - 33.96 Direnç:34.19 - 34.25 - 34.32
USD/JPY is falling rapidly from its early July highs. After peaking at 161.95 on July 3, the breakout of the main trendline at 158.45 on July 13 was a game-changer for the pair, and when considered together with the more recent break below the July low of 149.15, it has given the chart a much more bearish outlook. The downward movement observed in the dollar index is pressuring the pair to the downside. The pair, which closed at 145.77 on the previous trading day, has a daily loss of 0.64%. The pair, which is below its 20-day moving average, has the RSI indicator at 25.40, while its momentum is at 93.68. Intraday upside movements can be followed at 146.46. If this level is passed, resistance levels of 147.16 and 147.54 may become important. In case of possible pullbacks, support levels of 145.39, 145.02 and 144.32 will be monitored. Support: 145.390 – 145,020 Resistance: 146.460 – 147.160
The GBP/USD pair continues to find direction amidst uncertainties about the general economic situation in the market and future economic policies of central banks. The upcoming meetings of the ECB, BoJ, Fed, and BoE in October and November could be decisive for the pair's movements. Critical data such as Germany's CPI, the UK growth figures, and key economic indicators from the US will also influence the trajectory of the GBP/USD pair. Moreover, speeches by Fed Chair Powell and ECB President Lagarde are among the factors that could have an instant impact on the pair in the coming days. From a technical analysis perspective, when the GBP/USD pair is evaluated on the 4-hour chart, it is trading above the 34-period moving average at the level of 1.3351. If the pair continues its upward movement, resistance levels at 1.3400, 1.3440, and 1.3475 can be monitored. In case of downward movements, levels of 1.3258 and 1.3160 appear as support. The RSI indicator is at 55.29, displaying a neutral outlook. The pair shows a minimal change of 0.02% compared to the previous day, trading at the 1.3387 level. Support:1.3351 - 1.331 - 1.3265 - Resistance:1.34 - 1.344 - 1.3475 -
GBP/USD paritesi, piyasadaki genel ekonomik durum ve merkez bankalarının gelecekteki ekonomik politikalarına dair belirsizliklerle yön bulmaya devam ediyor. Özellikle Ekim ve Kasım aylarında gerçekleştirilecek olan ECB, BoJ, Fed ve BoE toplantıları, paritenin hareketlerinde belirleyici olabilir. Almanya TÜFE, İngiltere büyüme verisi ve ABD'den gelecek önemli ekonomik göstergeler de GBP/USD paritesinin seyrini etkileyecek kritik veriler arasında. Ayrıca Fed Başkanı Powell ve ECB Başkanı Lagarde'ın konuşmaları, önümüzdeki günlerde parite üzerinde anlık etki yapabilecek unsurlar arasında yer alıyor. Teknik analiz açısından GBP/USD paritesi 4 saatlik grafikte değerlendirildiğinde, 1.3351 seviyesindeki 34 periyotluk ortalama üzerinde seyrediyor. Paritenin yükselişini sürdürmesi durumunda 1.3400, 1.3440 ve 1.3475 direnç seviyeleri izlenebilir. Aşağı yönlü hareketlerde ise 1.3258 ve 1.3160 seviyeleri destek olarak karşımıza çıkıyor. RSI göstergesi 55.29 seviyesinde olup nötr bir görünüm sergiliyor. Parite önceki güne göre %0.02 oranında minimal bir değişim göstererek 1.3387 seviyesinden işlem görüyor. Destek:1.3351 - 1.331 - 1.3265 - Direnç:1.34 - 1.344 - 1.3475 -
USDTRY In a morning when developing country currencies diverge against the US Dollar, USDTRY is currently trading close to 33.50. When we evaluate the USDTRY exchange rate in the short term, the 32.69 level is important, but the exchange rate may want to continue its positive outlook in the relevant region. With this in mind, an increase towards 33.58, 33.70 and 33.98 levels can be observed. Permanent movements above 33.98 may strengthen the upward trend. Otherwise, pressure may be observed. In such a pressure, it should not be forgotten that unless there is a new development that will strengthen the TL side, the declines may remain limited, and even if the declines continue, trend-oriented expectations above the 233-period exponential moving average (32.43) are on the agenda. Support: 33.32 – 33.21 Resistance: 33.58 – 33.70
Uncertainties regarding the ECB's monetary policy and significant economic data from the US continue to shape the search for direction in the EUR/USD pair. This week, important data such as Germany's CPI, US JOLTS, and NonFarm Payrolls could affect the pair's course, with speeches by Fed and ECB Presidents also being closely monitored. The negative trend of the Dollar Index below the 34-period average may provide some support for the Euro. Economic measures taken in China and slowing inflation rates in Europe are also affecting the overall market sentiment. On the 4-hour chart, the EUR/USD pair is priced at the 1.1161 level. The 1.1100 and 1.1123 levels can be monitored as support, and the 1.1200 and 1.1240 levels as resistance for the pair. The RSI indicator is at 52.46 with a neutral outlook, indicating the possibility of a horizontal trend for the pair. The change from the previous day is at the level of 0.05%. The current technical structure of the pair may support the expectation of a horizontal trend in the short term, but the sudden impacts of economic data should also be taken into account. Support:1.115 - 1.11 - 1.104 - Resistance:1.12 - 1.124 - 1.1275 -
ECB’nin para politikasına dair belirsizlikler ve ABD’den gelecek önemli ekonomik veriler, EUR/USD paritesinde yön arayışını sürdürüyor. Bu hafta Almanya TÜFE, ABD JOLTS ve Tarım Dışı İstihdam gibi önemli veriler paritenin seyrini etkileyebilecekken, Fed ve ECB Başkanı konuşmaları da dikkatle izlenmelidir. Dolar endeksinin 34 periyotluk ortalama altında negatif seyri, Euro üzerinde bir miktar destek oluşturabilir. Çin’de alınan ekonomik tedbirler ve Avrupa’daki yavaşlayan enflasyon oranları da genel piyasa havasını etkilemekte. 4 saatlik grafikte EUR/USD paritesi 1.1161 seviyesinde fiyatlanmakta. Parite için 1.1100 ve 1.1123 seviyeleri destek, 1.1200 ve 1.1240 seviyeleri direnç olarak izlenebilir. RSI göstergesi 52.46 seviyesinde ve nötr bir görünümde, paritenin yatay bir seyir izleme olasılığına işaret ediyor. Önceki güne göre değişim %0.05 seviyesinde. Paritenin mevcut teknik yapısı, kısa vadede yatay seyir beklentisini destekleyebilir ancak ekonomik verilerin ani etkileri de göz önünde bulundurulmalıdır. Destek:1.115 - 1.11 - 1.104 - Direnç:1.12 - 1.124 - 1.1275 -
The US 10-year Treasury bond yield has turned back towards 3.90%. This situation left some room for recovery after the declines in ounce gold. While following precious metal pricing; unemployment benefits applications can be followed during the day. As long as it remains above the 2,384.00 level, we can see upward momentum. The daily gain for ounce gold, which closed at 2,385.05 on the previous trading day, was 0.08%. The RSI indicator for ounce gold, which is below its 20-day moving average, is at 47.66, while its momentum is at 98.98. The 2,384 level can be followed in intraday downward movements. If this level is exceeded, the supports of 2,379 and 2,372 may become important. In possible increases, 2,398 and 2,406 will be monitored as resistance levels. . Support: 2384 - 2379 Resistance: 2398 - 2406
U.S. natural gas futures are maintaining their prices due to the hurricane agenda, but power outages are having a limiting effect on demand. Movements in the European and U.S. markets can also be monitored throughout the day. If natural gas prices remain above the 2.820 – 2.850 support levels, this may support an upward outlook. In such a scenario, levels of 2.940 and 2.970 can be targeted, while a downward trend may become more apparent with four-hour closures below the 2.820 level, leading to a pullback towards the 2.780 and 2.740 regions. In technical analysis based on hourly charts, natural gas prices are moving between 2.706 and 2.751. The latest price levels are above the previously determined level of 2.661, showing resistance relative to this level. In downward movements, support can be monitored around 2.615. The RSI indicator is at 63.88, showing a positive trend. This may indicate that prices could continue to move upward. The daily percentage change is recorded at 0.18%, with the current price at 2.712. Support:2.88 - 2.85 - 2.82 - Resistance:2.94 - 2.97 - 3 -
ABD doğal gaz vadeli işlemleri, kasırga gündemi nedeniyle fiyatlarını koruyor, ancak elektrik kesintileri nedeniyle talep üzerinde sınırlayıcı etkiler de gözleniyor. Gün boyunca Avrupa ve ABD borsalarındaki hareketler de takip edilebilir. Doğal gaz fiyatlarının 2,820 – 2,850 destek seviyelerinin üzerinde kalması yukarı yönlü bir görünümü destekleyebilir. Böyle bir senaryoda 2,940 ve 2,970 seviyeleri hedeflenebilirken, düşüş eğilimi 2,820 seviyesinin altında dört saatlik kapanışlarla daha belirgin hale gelebilir ve bu durumda 2,780 ve 2,740 bölgesine doğru geri çekilme yaşanabilir. Saatlik grafikler üzerinden yapılan teknik analizde, doğal gaz fiyatları 2,706 ile 2,751 arasında hareket ediyor. Son fiyat seviyeleri yukarıda belirlenen 2,661 seviyesi üzerinde olup, bu seviyeye göre direnç göstermektedir. Aşağı yönlü hareketlerde radar 2,615 civarında bir destek izlenebilir. RSI göstergesi 63.88 seviyesinde olup pozitif bir eğilim sergiliyor. Bu durum, fiyatların yukarı yönlü hareket etmeye devam edebileceğine işaret edebilir. Günlük değişim yüzdesi %0.18 olarak gerçekleşmiş olup, güncel fiyat ise 2,712 seviyesindedir. Destek:2.88 - 2.85 - 2.82 - Direnç:2.94 - 2.97 - 3 -
Oil futures consolidated their gains with the support provided by the US Energy Information Administration's announcement of a 3.7 million barrel decrease in stocks, as well as the Iran-Israel tension. The course of European and US stock markets can be followed during the day. A downward trend parallel to Brent oil is also dominant on the WTI side. WTI oil saw a high of 75.04 and a low of 71.99 on the previous trading day. The 74.90 level can be followed in intraday downward movements. In case of falling below this level, supports at 73.77, 71.86 and 69.72 may become important. In possible increases, resistance levels of 76.81, 77.95 and 78.86 will be monitored. Support: 74.90 - 73.77 Resistance: 76.81 - 77.95
The DAX 40 index is in a strengthening trend in light of the European Central Bank's (ECB) inflation targets and President Lagarde's positive comments, while the inflation rate in Germany drawing attention as it falls to 1.60%. Positive expectations regarding the ECB's interest rate decision allow for a less dovish stance in the markets, while the Fed's data-driven interest rate policy creates uncertainty in the global economy. Meanwhile, new macroeconomic data may guide the index's future movements. Technically, the DAX 40 index is trading near the 19323.9 support level in the 1- hour time frame. The resistance levels are noted as 19474.2 and 19575, respectively. The RSI indicator is at 51.90, showing a neutral trend. With the index experiencing a 0.06% decrease compared to the previous day, the current price is at 19398.3, and the overall positive outlook is maintained. Support:19460 - 19358 - 19225 - Resistance:19575 - 19660 - 19755-
DAX 40 endeksi, Avrupa Merkez Bankası'nın (ECB) enflasyon hedefleri ve Başkan Lagarde'ın olumlu yorumları ışığında güçlenme eğilimindeyken, Almanya'da enflasyonun 1.60% seviyesine gerilemesi dikkat çekiyor. ECB'nin faiz kararına dair olumlu beklentiler, piyasalarda daha az güvercin bir duruşa olanak sağlarken, Fed'in veri odaklı faiz politikası sürdürmesi küresel ekonomide belirsizlik oluşturuyor. Öte yandan, yeni makro ekonomik veriler endeksin gelecekteki hareketine yön verebilir. Teknik olarak DAX 40 endeksi 1 saatlik zaman diliminde 19323.9 destek seviyesinin yakınında işlem görüyor. Direnç seviyeleri ise sırasıyla 19474.2 ve 19575 olarak öne çıkıyor. RSI göstergesi 51.90 seviyesinde olup nötr bir eğilim sergiliyor. Önceki güne göre %0.06'lık bir düşüş yaşayan endeksin güncel fiyatı 19398.3 seviyesinde seyrederken, genel pozitif görünüm korunuyor Destek:19460 - 19358 - 19225 - Direnç:9575 - 19660 - 19755 -
Oil futures consolidated their gains with the support provided by the US Energy Information Administration's announcement of a 3.7 million barrel decrease in stocks, as well as the Iran-Israel tensions. The course of European and US stock markets can be followed during the day. It is seen that there is a general downtrend. Brent oil saw a high of 78.62 and a low of 75.80 on the previous trading day. Brent oil, which followed a buying trend on the last trading day, gained 2.66% daily. The RSI indicator for the commodity, which is below its 20-day moving average, is at 40.37, while its momentum is at 96.05. The 78.56 level can be followed in intraday downward movements. If this level is broken, the supports of 77.51, 76.74 and 75.69 may become important. In possible increases, 79.83, 80.98 and 82.14 will be monitored as resistance levels. Support: 78.56 – 77.51 Resistance: 79.83 – 80.98
The NASDAQ 100 index is shaping up under the influence of economic data alongside Fed Chair Powell's statements on interest rates. Powell's remarks that further rate cuts would be in 25 basis point steps following a 50 basis point reduction are limiting expectations for a rapid market recovery. Additionally, key data such as the ISM manufacturing PMI and JOLTS job openings from the U.S. are being closely monitored. For the index to show a positive short-term trend, a sustainable move above the 20350 level is necessary. Technically, when the NASDAQ 100 index is examined on the hourly chart, it is trading at the 20029 level. Support levels are tracked at 20000 and 19900, while resistance levels stand out at 20500 and 20650. The RSI indicator is at 50.82, presenting a neutral outlook. The index experienced a 0.06% decline compared to the previous day. In the current situation, the movement in the 20150 to 20350 range may indicate a decision phase. Support:20150 - 20000 - 19900 - Resistance:20350 - 20500 - 20650 -
NASDAQ 100 endeksi, Fed Başkanı Powell'ın faiz oranlarına yönelik açıklamalarıyla birlikte, ekonomik verilerin etkisi altında şekilleniyor. Powell'ın 50 baz puanlık faiz indiriminden sonra daha fazla indirimin 25 baz puanlık adımlarla olacağına yönelik açıklamaları, piyasada hızlı toparlanma beklentilerini sınırlıyor. Bunun yanı sıra, ABD'den gelecek olan ISM imalat PMI ve JOLTS iş ilanları gibi temel veriler yakından izleniyor. Endeksin kısa vadede pozitif bir trend göstermesi için 20350 seviyesinin üzerinde sürdürülebilir bir hareket gerekli. Teknik olarak, NASDAQ 100 endeksi saatlik grafikte incelendiğinde, 20029 seviyesinden işlem görüyor. Destek seviyeleri olarak 20000 ve 19900 izlenirken, direnç seviyeleri 20500 ve 20650 olarak öne çıkıyor. RSI göstergesi 50.82 seviyesinde ve nötr bir görünüm sergiliyor. Endeks, önceki güne göre yüzde 0.06'lık bir düşüş yaşadı. Güncel durumda, 20150 ile 20350 bölgesindeki hareketlilik karar aşamasını işaret edebilir. Destek:20150 - 20000 - 19900 - Direnç:20350 - 20500 - 20650 -
Pressure continues on mega-cap technology stocks such as Nvidia and Tesla. Additionally, Airbnb lost over 13% after its earnings results fell short of expectations. Super Micro Computer fell over 20% due to margins falling short of expectations. While this picture creates pressure, on the other hand, the decline in the US 10-year treasury bond yield supported the limitation of declines in the NDXUSD index. When we evaluate it technically, as long as it limits the downward demand in the 17740 - 17655 region, the positive trend may continue. If the upward demand continues, there may be a movement area towards the 17920 and 18050 levels. In the alternative view, permanent pricing may be needed below the 17740 - 17655 region for the downward trend to become dominant. In this case, movements towards the 17580 and 17460 levels can be monitored. Support: 17740 – 17655 Resistance: 17920 – 18050
Brent crude oil is exhibiting a horizontal trend despite increasing geopolitical tensions in the Middle East, balanced by the rise in production in Libya. In the markets, current developments in the Middle East and significant stock market movements stand out as noteworthy elements. Under the current conditions, it is considered that trends in US and European markets might also affect oil prices. On the 1-hour chart, Brent crude oil can find support around the levels of 71.50 and 71.00, while testing resistance levels at 72.00 and 72.50 above. The RSI indicator is at 49.76, exhibiting a neutral trend. Technically, the price, which recorded a 0.08% decrease compared to the previous day, is currently trading at 71.70. For the potential of an upward movement, 4-hour closings above the 72.50 level are important. Support:71.5 - 71 - 70.5 - Resistance:72.5 - 73 - 73.5 -
Brent ham petrol, Orta Doğu'daki artan jeopolitik gerilimlere rağmen, Libya'daki üretimde yaşanan artışın dengeleyici etkisiyle yatay bir seyir izliyor. Piyasalarda Orta Doğu'daki mevcut gelişmeler ve büyük borsa hareketleri izlenmeye değer unsurlar olarak öne çıkıyor. Mevcut koşullarda ABD borsaları ve Avrupa piyasalarındaki eğilimlerin de petrol fiyatlarını etkileyebileceği düşünülüyor. 1 saatlik grafik üzerinden Brent ham petrol, 71.50 ve 71.00 seviyeleri yakınlarında destek bulabilirken, yukarıda 72.00 ve 72.50 direnç seviyelerini test ediyor. RSI göstergesi 49.76 seviyesinde ve nötr bir eğilim sergiliyor. Teknik olarak, önceki güne göre yüzde 0.08'lik bir düşüş kaydeden fiyat, şu an 71.70 seviyesinde işlem görüyor. Yükseliş potansiyeli için 72.50 seviyesinin üzerinde 4 saatlik kapanışlar önem taşıyor. Destek:71.5 - 71 - 70.5 - Direnç:72.5 - 73 - 73.5 -
In the US, the pressure continues on mega-cap technology stocks such as Nvidia and Tesla. In addition, the fact that Airbnb and Super Micro Computer's balance sheet results were below expectations increased this pressure. In addition to this picture, while the declines in the US indices are limited, this situation seems to have spread to the DAXEUR index. When we evaluate technically, as long as the 21 (17174) period exponential moving average currently supports the 17340 level, the positive trend can continue. If the upward demand continues, a movement area can be formed towards the 17610 and 17790 levels. Support Levels are the 17340 - 17210 range. Support: 17340 - 17210 Resistance: 17610 - 17790
WTI crude oil prices are fluctuating due to increasing tensions in the Middle East, while the production increase in Libya is balancing this movement. Global markets are particularly watching the direction of European and US stock exchanges. As long as oil pricing remains below the resistance of 68.50
WTI ham petrol fiyatları, Orta Doğu'da artan tansiyonun etkisiyle dalgalı bir seyir izlerken, Libya'daki üretim artışı bu hareketi dengelemekte. Küresel piyasaların gözü, özellikle Avrupa ve ABD borsalarının ilerleyeceği yön üzerinde olacak. Petrol fiyatlamaları, 68,50 - 69,00 direnci altında kaldıkça aşağı yönlü baskının devam ettiğine işaret ediyor. Bu durumda, fiyatlar 67,50 ve 67,00 seviyelerine kadar geri çekilebilir. Ancak fiyatların 69,00 seviyesinin üzerine çıkması durumunda, yukarı yönlü hareketlerde 69,50 ve 70,00 dirençleri gündeme gelebilir. Saatlik grafik analizine göre, WTIUSD 68,50 düzeyinde işlem görüyor. Fiyat 68,00 seviyesi üzerinde tutunmaya çalışıyor. Yukarı yönlü hareketler için 69,00 ve 69,92 direnç bölgeleri önem arz ederken, aşağı yönlü hareketlerde ise 68,00 ve 67,50 bölgeleri destek işlevi görebilir. RSI göstergesi 47 seviyesinde ve nötr bir görünüm sergiliyor. Son 24 saatteki fiyat değişimi negatif yönde %0,59 olarak kaydedildi. Şu anki fiyat seviyesi 68,47 olarak görülmekte. Destek:68 - 67.5 - 67 - Direnç:68.5 - 69 - 69.5 -
After experiencing the highest volatility of recent times on Monday (BTC, which fell below $ 50,000, albeit for a short period during the day), after the recession concerns in the US were somewhat reduced, the markets showed some relief and managed to rise more than 10% in the remaining days and rise above $ 57,000. In addition, the geopolitical risk perception remains high, it is useful to be careful. BITCOIN, which was at the level of 56,950 while the Analysis was being prepared, can remain strong, which shows us that it may not go below $ 50,000. On the technical side, BTC, after breaking the daily $ 57,990 band, is the most important support level at $ 55,520, and if the sell position continues from here, we can see a pullback to $ 53,030. Support: 55,520 - 53,030 Resistance: 57,990 - 59,740
Statements by the Chairman of the US Federal Reserve (Fed), Jerome Powell, regarding interest rate cuts are putting pressure on gold prices. However, the expansion of the war in the Middle East is limiting the retracement of the precious metal and providing support to its pricing. Gold may find direction with data like the ISM manufacturing PMI and JOLTS job openings to be released during the day. For gold moving in the 2630 – 2650 range, a sustained price above the 2650 level can be considered a positive development. In this case, levels of 2660 and 2670 could be targeted. A drop below the 2630 level may increase the downward trend, bringing 2620 and 2610 levels into focus. Technically, the XAU/USD chart includes indicators on the hourly time frame. The 2631 level is an important support point, while 2647 and 2655 resistance levels can be monitored for upward movements. The RSI indicator is at 51, showing a neutral outlook. Spot gold, showing a limited change of 0.13% compared to the previous day, is trading at 2643.80. In this context, it is observed that gold is exhibiting an uncertain trend and is in search of direction. Support:2630 - 2620 - 2610 - Resistance:2650 - 2660 - 2670 -
ABD Merkez Bankası (Fed) Başkanı Jerome Powell'ın faiz indirimi ile ilgili açıklamaları ons altın üzerinde baskı yaratıyor. Ancak Orta Doğu'daki savaşın genişlemesi, değerli metalin geri çekilmesini sınırlayarak fiyatlamalara destek sağlıyor. Altın, gün içinde yayınlanacak ISM imalat PMI ve JOLTS iş imkanları gibi verilerle yön bulabilir. 2630 – 2650 bölgesinde hareket eden altın için 2650 seviyesinin üzerinde kalıcı fiyatlamalar olumlu gelişmeler olarak değerlendirilebilir. Bu durumda 2660 ve 2670 seviyeleri hedeflenebilir. 2630 seviyesinin altına inilmesi ise düşüş eğilimini artırabilir ve 2620 ile 2610 seviyeleri gündeme gelebilir. Teknik olarak, XAU/USD grafiği saatlik zaman diliminde göstergeleri içeriyor. 2631 seviyesi önemli bir destek noktası iken, yukarı yönlü hareketlerde 2647 ve 2655 direnç seviyeleri izlenebilir. RSI göstergesi 51 seviyesinde olup nötr bir görünüm sergiliyor. Önceki güne göre %0.13’lük sınırlı bir değişim gösteren ons altın, 2643.80 seviyesinden işlem görüyor. Bu bağlamda, altının kararsız bir seyir sergilediği ve yön arayışı içerisinde olduğu gözlemleniyor. Destek:2630 - 2620 - 2610 - Direnç:2650 - 2660 - 2670 -
The US natural gas futures contract climbed above low-period averages this week, creating a limited rally with the expectation that production and storage activities will decrease seasonally. The course of European and US stock markets and the stock figures to be announced by the US Energy Information Administration can be followed during the day. As long as the prices remain above the 1.98 - 1.92 support, the upward view may be in the foreground. In possible increases, 2.16 - 2.22 levels can be targeted. In possible decreases, the attitude of the 1.98 - 1.92 support can be followed. A break of this support and hourly closings in the region may bring the 1.86 and 1.78 levels to our agenda. Support: 1.98 - 1.92 Resistance: 2.16 - 2.22
The USD/TRY pair is influenced by the calm markets among emerging market currencies due to the holiday in China. While employment data from the US and the decline in inflation rates in Europe impact overall market perceptions, it is observed that the position of the Turkish Lira remains neutral. In particular, it is thought that news from the US might have an indirect effect on the USD. In the 4-hour chart, the level of 34.02 stands out as a critical support point for the USD/TRY pair. In upward movements, the first resistance is the 34.20 level, followed by the 34.25 and 34.35 levels. The RSI indicator is at the level of 55.84, displaying a positive trend. A 0.12% increase has been observed in the USD/TRY pair compared to the previous day, and the current price is at the level of 34.17. Support:34.09 - 34.02 - 33.96 - Resistance:34.2 - 34.25 - 34.35 -
USD/TRY paritesi, gelişen piyasa para birimleri arasında Çin'deki tatil nedeniyle sakin seyreden piyasalardan etkileniyor. ABD'den gelen istihdam verileri ve Avrupa'daki enflasyon oranlarındaki gerileme, genel piyasa algıları üzerinde etkili olurken, Türk Lirası'nın konumunun nötr kaldığı gözlemleniyor. Özellikle, ABD'den gelen haberlerin USD üzerinde dolaylı bir etkisi olabileceği düşünülüyor. 4 saatlik grafikte USD/TRY paritesi için 34.02 seviyesi kritik bir destek noktası olarak öne çıkıyor. Yukarı yönlü hareketlerde ilk direnç 34.20 seviyesi, ardından ise 34.25 ve 34.35 seviyeleri izlenmeli. RSI göstergesi 55.84 seviyesinde olup pozitif bir eğilim sergiliyor. USD/TRY paritesinde önceki güne göre %0.12'lik bir artış gözlemlenmiştir ve güncel fiyat 34.17 seviyesindedir. Destek:34.09 - 34.02 - 33.96 - Direnç:34.2 - 34.25 - 34.35 -
The Classic Dollar Index continues its course below the indicators we base it on (103.85 - 104.50 region) before the critical US data. However, for clearer declines in the index, persistence below 103.25 is especially important. It should not be forgotten that permanent movements above the 105 level are needed for the current scenario to be considered invalid. The 102,810 level can be followed in intraday downward movements. In case of falling below this level, the supports of 102,630 and 102,590 may become important. In possible increases, the 103,330 and 103,550 will be followed as resistance levels. Support: 102,810-102,630 Resistance: 103,330-103,550
The GBP/USD pair continues to be influenced by global market developments, with factors such as the European Central Bank's (ECB) inflation expectations and Fed Chair Powell's monetary policy statements affecting the pair. The weak performance of the Dollar Index and the easing of inflation in the European region can also trigger short-term movements in the pair. It is observed that economic data from the US plays an important role in altering the course of the pair in the short term. In the four-hour chart, the GBP/USD pair is trading above the 50-period moving average at the 1.3310 level, showing an upward trend. In its upward movements, the resistance levels of 1.3400 and 1.3440 could be significant, and the 1.3475 level should be considered as the upper resistance. In downward movements, the levels of 1.3377 and 1.3341 should be monitored as support. The RSI indicator is at the 51.19 level, presenting a neutral outlook. The intraday price of the pair is at 1.3377, showing a decrease of approximately 0.01% compared to the previous day. Support:1.336 - 1.331 - 1.3265 - Resistance:1.34 - 1.344 - 1.3475 -
GBP/USD paritesi, küresel piyasalardaki gelişmelerin etkisi altında kalmaya devam ederken, Avrupa Merkez Bankası'nın (ECB) enflasyon beklentileri ve Fed Başkanı Powell'ın para politikası açıklamaları gibi faktörler parite üzerinde etkili oluyor. Dolar Endeksi'nin zayıf seyretmesi ve Avrupa bölgesindeki enflasyonun gevşemesi de parite üzerinde kısa vadeli hareketlerin tetikleyicisi olabilir. ABD'den gelen ekonomik verilerin kısa vadede paritenin seyrini değiştiren önemli bir rol oynadığı gözlenmekte. Dört saatlik grafikte GBP/USD paritesi, 1.3310 seviyesinde bulunan 50 periyotluk hareketli ortalama üzerinde işlem görerek yukarı yönlü bir seyir izliyor. Paritenin yukarı yönlü hareketlerinde 1.3400 ve 1.3440 direnç seviyeleri önemli olabilir, ayrıca, 1.3475 düzeyi ise üst direnç olarak dikkate alınmalı. Aşağı yönlü hareketlerde ise 1.3377 ve 1.3341 seviyeleri destek olarak izlenmelidir. RSI göstergesi 51.19 seviyesinde, nötr bir görünüm sergiliyor. Paritenin gün içindeki fiyatı 1.3377 seviyesinde bulunuyor, önceki güne göre yaklaşık %0.01'lik bir düşüş göstermekte. Destek:1.336 - 1.331 - 1.3265 - Direnç:1.34 - 1.344 - 1.3475 -
The EURUSD pair is trying to find support with statements from European Central Bank President Lagarde showing a more positive approach to fighting inflation. The decline of inflation in Germany to 1.60% may have a significant impact on the ECB's upcoming interest rate decision. Meanwhile, in the US, Fed Chairman Powell's emphasis on the gradual decrease of interest rates is creating a slight recovery effect on the Dollar index. Data from the Manufacturing sector PMI and CPI from Europe, as well as ISM Manufacturing PMI and JOLTS Job Openings from the US, may also affect the pair's movements. In technical analysis, EURUSD is trading close to the 1.1150 resistance level on the 4-hour chart. Support levels to watch are 1.1100 and 1.1084. The RSI indicator is at 46.68, showing a neutral outlook. The pair has exhibited a minimal change of 0.01% compared to the previous day. The current price is hovering around 1.1131. Support:1.11 - 1.104 - 1.099 - Resistance:1.115 - 1.12 - 1.124 -
EURUSD paritesi, Avrupa Merkez Bankası Başkanı Lagarde’ın enflasyonla mücadelede daha olumlu bir yaklaşım sergilediği açıklamalar ile birlikte destek bulmaya çalışıyor. Almanya’da enflasyonun %1.60’a gerilemesi, ECB’nin yaklaşan faiz kararı üzerinde önemli bir etki yaratabilir. Bu arada, ABD’de Fed Başkanı Powell, faiz oranlarının kademeli düşüşüne vurgu yaparken, Dolar endeksi üzerinde hafif bir toparlanma etkisi yaratıyor. Avrupa’dan gelecek olan İmalat sektörü PMI ve TÜFE verileri ile birlikte ABD’den ISM İmalat PMI ve JOLTS İş İlanları verileri de paritenin hareketlerini etkileyebilir. Teknik analizde, EURUSD 4 saatlik grafikte 1.1150 direnç seviyesine yakın işlem görüyor. Destek noktaları olarak 1.1100 ve 1.1084 seviyeleri izlenmelidir. RSI göstergesi 46.68 seviyesinde ve nötr bir görünüm sergiliyor. Parite, önceki güne göre %0.01 oranında minimal bir değişim göstermiştir. Güncel fiyat 1.1131 civarında seyretmektedir. Destek.:1.11 - 1.104 - 1.099 - Direnç:1.115 - 1.12 - 1.124 -
US natural gas futures are exhibiting a complex trajectory influenced by the hurricane agenda and the course of European and US stock markets. Power outages caused by the hurricane create a limiting effect on demand while also helping prices find equilibrium. If prices continue to stay above the 2.820 – 2.850 support levels, an upward outlook could be possible. Under these conditions, potential increases could target the 2.940 and 2.970 resistance levels. However, in a downturn scenario, closures below the 2.820 level could bring the 2.780 and 2.740 levels into focus. From a technical analysis perspective, when examining the NGCUSD chart on the 1-hour time frame, prices are hovering around the 2.786 levels. The support levels being watched are 2.686 and 2.564. Above, 2.705 draws attention as a resistance region. The RSI indicator is at 52.49, showing a neutral outlook. The price has changed by 0.04% compared to the previous day. The current price is moving at the 2.706 level. Support:2.85 - 2.82 - 2.78 - Resistance:2.94 - 2.97 - 3 -
ABD doğal gaz vadeli işlemleri, kasırga gündemi ve Avrupa ile ABD borsalarının seyrine bağlı olarak karmaşık bir seyir izliyor. Kasırga kaynaklı elektrik kesintileri, talep üzerinde sınırlayıcı bir etki oluştururken, fiyatların denge bulmasına da yardımcı oluyor. Fiyatlar 2,820 – 2,850 destek seviyeleri üzerinde kalmaya devam ederse, yukarı yönlü bir görünüm söz konusu olabilir. Bu şartlar altında, olası yükselişlerde 2,940 ve 2,970 direnç seviyeleri hedeflenebilir. Ancak düşüş senaryosunda ise 2,820 seviyesinin altındaki kapanışlar, 2,780 ve 2,740 seviyelerini gündeme getirebilir. Teknik analiz açısından, NGCUSD grafik 1 saatlik zaman diliminde incelendiğinde; fiyat 2,786 seviyelerinde seyrediyor. Destek bölgeleri olarak 2,686 ve 2,564 seviyeleri izleniyor. Yukarıda, 2,705 direnç bölgesi olarak dikkat çekiyor. RSI göstergesi 52,49 seviyesinde olup nötr bir görünüm sergiliyor. Fiyat bir önceki güne göre %0,04’lük bir değişim gösterdi. Mevcut fiyat 2,706 seviyesinde hareket ediyor. Destek:2.85 - 2.82 - 2.78 - Direnç:2.94 - 2.97 - 3 -
The decline in US 10-year Treasury yields and the weakening of the Dollar Index supported an upward movement in the EUR/USD pair. The pair is showing a positive outlook by staying above the 200-period moving average of 1.0850. This situation increases the expectation of an increase to 1.0945 and 1.0985 in the short term. However, for this scenario to be considered invalid, the pair needs to fall below 1.0850 and exhibit a permanent movement below this level. In this case, the 1.0825 level may come to the fore as an important support. Support: 1.09 – 1.087 Resistance: 1.0945 – 1.1015
The DAX 40 index continues to be affected by economic uncertainties in the Eurozone and Germany, as well as adverse dynamics in global PMI data. A potential interest rate cut by the ECB is seen as a measure against the economic slowdown in the region. Additionally, global geopolitical risks and economic data coming from the US also influence the trajectory of the index. When looking at the chart analysis, the DAX 40 is observed on the hourly time frame. The index is positioned near the 19350 support level. In upward movements, 19460 and 19660 levels are noted as resistance. The RSI indicator is at 39, signaling towards the oversold zone. Consequently, the market is exhibiting a negative outlook. The index, which experienced a 1.6% drop compared to the previous day, currently stands at the 19211 level. Support:19360 - 19280 - 19220 - Resistance:19460 - 19520 - 19580 -
DAX 40 endeksi, Euro Bölgesi ve Almanya’daki ekonomik belirsizlikler ile küresel PMI verilerindeki olumsuz dinamiklerden etkilenmeye devam ediyor. ECB’nin muhtemel faiz indirimi, bölgedeki ekonomik yavaşlamaya karşı alınabilecek bir önlem olarak görülüyor. Buna ek olarak, global jeopolitik riskler ve ABD’den gelen ekonomik veriler de endeksin seyri üzerinde etkili oluyor. Grafik analizine bakıldığında, DAX 40 saatlik zaman diliminde izleniyor. Endeks, 19350 destek seviyesine yakın bir konumda seyrediyor. Yukarı yönlü hareketlerde 19460 ve 19660 seviyeleri direnç olarak dikkat çekiyor. RSI göstergesi 39 seviyesinde olup, aşırı satım bölgesine doğru sinyaller veriyor. Dolayısıyla, piyasa negatif bir görünüm sergiliyor. Bir önceki güne göre %1.6 oranında düşüş yaşayan endeksin güncel fiyatı 19211 seviyesinde. Destek:19360 - 19280 - 19220 - Direnç:19460 - 19520 - 19580-
The decline in US 10-year Treasury yields limited the declines in the GBP/USD pair. The pair is trading below the 377-period exponential moving average of 1.2755. This increases the possibility of the pair falling towards 1.2675 and 1.2635. However, if the pair rises above 1.2755, 1.2788 could be tested. Unless there is a sustained move above this level, further pullbacks are possible. Support: 1.2675 – 1.2636 Resistance: 1.271 – 1.2755
The increasing geopolitical risks in the Middle East and Iran's missile attacks on Israel have adversely affected the NASDAQ100, while the JOLTS data from the US reporting a higher-than-expected number of job openings increased the pressure on the index. The ADP non-farm employment data could be a key factor to watch throughout the day. The NASDAQ100 index is trading in the 19900 – 20150 range, supported by technical indicators. Sustained pricing above the 20150 level is important for a positive movement to gain strength. On the hourly chart, we can monitor the NDXUSD levels of 19940 and 19873 as resistance, and the levels of 19694 and 19800 as support. The RSI indicator is at 35.72, exhibiting a negative outlook. The index, which experienced a 0.16% decrease compared to the previous day, has a current price of 19694. For a negative outlook, sustained trading below 19900 is crucial; otherwise, a recovery at the resistance levels may be observed. Support:19900 - 19800 - 19700 - Resistance:20150 - 20250 - 20350 -
Orta Doğu’daki artan jeopolitik riskler ve İran’ın İsrail’e gerçekleştirdiği füze saldırıları, NASDAQ100 üzerinde olumsuz bir etki yaratırken, ABD’den gelen JOLTS verisinin beklentilerin üzerinde açık iş sayısı bildirmesi endeks üzerindeki baskıyı artırdı. ADP tarım dışı istihdam verileri gün içerisinde dikkatle takip edilmesi gereken bir unsur olabilir. NASDAQ100 endeksi teknik göstergelerin desteklediği 19900 – 20150 bölgesinde işlem görüyor. Pozitif yönlü bir hareketin güç kazanabilmesi için 20150 seviyesinin üzerinde kalıcı fiyatlamalar önem arz ediyor. Saatlik grafikte, NDXUSD 19940 ve 19873 seviyelerini direnç, 19694 ve 19800 seviyelerini destek bölgesi olarak izleyebiliriz. RSI göstergesi 35.72 düzeyinde olup negatif bir görünüm sergiliyor. Bir önceki güne göre %0.16 düşüş yaşayan endeksin güncel fiyatı 19694 olarak belirlenmiştir. Negatif yönlü beklenti için 19900 altında kalıcılık önemlidir, aksi takdirde direnç seviyelerinde toparlanma gözlemlenebilir. Destek:19900 - 19800 - 19700 - Direnç:20150 - 20250 - 20350-
On a day when developing country currencies showed limited change against the US Dollar, the Brazilian Real stood out as the strongest and the Korean Won as the weakest. The Turkish Lira also showed limited strength, with the USD/TRY exchange rate trading around 33.50. In the short term, the 33.01 – 33.08 region is seen as an important support area for the USD/TRY exchange rate. As long as the exchange rate remains above this region, it may continue to rise towards the levels of 33.53, 33.60 and 33.68. In particular, permanent movements above the 33.60 level may strengthen the upward trend. Otherwise, reaction sales may be seen. However, as long as there is no strong news flow based on TL, the general expectation will remain positive. In order for this scenario to be considered invalid, it must fall below the 33.01 – 33.08 region and exhibit a permanent movement. Support: 33.45 – 33.38 Resistance: 33.53 – 33.60
Brent crude oil prices are showing an upward trend due to geopolitical tensions in the Middle East. The tension between Israel and Iran is leading to an increase in oil prices, ignoring the American Petroleum Institute's report of a 1.46 million barrel decrease in stockpiles. The upcoming U.S. Energy Information Administration inventory figures and global market trends may influence pricing. For now, persistence above the support levels of 73.00 – 73.50 supports the upward outlook. In upward movements, resistance levels at 75.00 and 75.50 can be monitored. The chart is in the hourly time frame, and the Brent crude oil price is currently at 74.51. It is observed that there is an ongoing effort for prices to hold above the 74.00 support. Possible resistance points are at 75.00 and 75.50 levels. Support zones are monitored at 73.48 and 72.49. The RSI indicator is at 65, displaying a positive outlook. There has been a 0.69% decrease compared to the previous close. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Brent petrol fiyatları, Orta Doğu’daki jeopolitik gerginlikler nedeniyle yükseliş eğilimindedir. İsrail ve İran arasındaki gerilim, petrol fiyatlarının artmasına yol açarken, bu durum Amerikan Petrol Enstitüsü’nün stoklardaki 1,46 milyon varil düşüşünü göz ardı etmektedir. Yakın zamanda açıklanacak ABD Enerji Bilgi Dairesi stok rakamları ve küresel borsa eğilimleri fiyatlamalar üzerinde etkili olabilir. Şu an için 73,00 – 73,50 destek seviyeleri üzerindeki kalıcılık, yukarı yönlü görünümü destekliyor. Yukarı doğru ilerlemelerde ise 75,00 ve 75,50 direnç seviyeleri izlenebilir. Grafik saatlik zaman dilimindedir ve Brent petrol fiyatı şu anda 74,51 seviyesindedir. Mevcut durumda fiyatların 74,00 desteği üzerinde tutunma çabasının devam ettiği görülüyor. Olası direnç noktaları ise 75,00 ve 75,50 seviyeleridir. Destek bölgeleri 73,48 ve 72,49 olarak izlenmektedir. RSI göstergesi 65 seviyesinde olup pozitif bir görünüm sergilemektedir. Önceki kapanışa göre yüzde 0,69 oranında bir düşüş yaşanmıştır. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76 -
The US 10-year Treasury bond yield heading towards 3.90% has created a possibility of recovery after declines in gold. In the short term, as long as the ounce of gold remains above the 2400-2413 area, the expectation of an increase continues. In this case, a movement area towards the 2425 and 2431 levels may occur. However, in order for the ounce of gold to show a downward trend, permanent pricing below the 2400-2413 area is required. In case of a decline below the 2413 level, there may be a pullback towards the 2390 and 2375 levels. Support: 2390 - 2375 Resistance: 2400 - 2413
Geopolitical tensions in the Middle East, especially the conflicts between Iran and Israel, are causing fluctuations in oil prices. Events such as Israel's ground operation in Lebanon and Iran's ballistic missile attack on Israel have created an upward trend in the oil market. Additionally, the American Petroleum Institute's announcement of a decrease in stocks has also supported this rise. However, investors are also paying attention to the stock figures that will be announced by the U.S. Energy Information Administration. In the upcoming period, pricing above the 69.50-70.00 support levels can contribute to the continuation of the upward potential. On the chart, when WTI Crude Oil is examined on an hourly timeframe, it is trading above the 69.50 support level. Increases can be followed with resistance levels of 71.50 and 72.00. The RSI indicator is at 63.75, showing a positive outlook. Compared to the previous day, a minor change of 0.13% is observed. The current price is at 71.52, and technical indicators suggest that the upward trend may continue. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5 -
Orta Doğu'da yaşanan jeopolitik gerilimler, özellikle İran ve İsrail arasındaki çatışmalar, petrol fiyatlarında dalgalanmalara neden oluyor. İsrail’in Lübnan’a yönelik kara harekatı ve İran’ın İsrail’e balistik füze saldırısı gibi olaylar, petrol piyasasında yükseliş eğilimi yarattı. Ayrıca Amerikan Petrol Enstitüsü’nün stoklarda düşüş açıklaması da bu yükselişi desteklemiş durumda. Ancak, yatırımcılar ABD Enerji Bilgi Dairesi’nin açıklayacağı stok rakamlarına da dikkat ediyor. Önümüzdeki süreçte 69,50-70,00 destek seviyelerinin üzerindeki fiyatlamalar, yükseliş yönlü potansiyelin sürmesine katkıda bulunabilir. Grafikte ise WTI Crude Oil, 1 saatlik zaman diliminde incelendiğinde, 69,50 destek seviyesi üzerinde işlem görüyor. Yükselişlerde 71,50 ve 72,00 seviyeleri direnç olarak izlenebilir. RSI göstergesi 63,75 seviyesinde, pozitif bir görünüm sergiliyor. Önceki güne göre ise %0,13'lük küçük bir değişim gözlemleniyor. Güncel fiyat ise 71,52 seviyesinde bulunuyor ve teknik göstergeler yukarı yönlü eğilimin devam edebileceğini işaret ediyor. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
Oil futures extended gains after the US Energy Information Administration announced a 3.7 million barrel drop in inventories and the impact of IranIsrael tensions. As long as prices remain above the 74.50-75.00 support, an upside outlook may be at the forefront and 76.00 and 76.50 levels may be targeted. As long as possible declines remain limited to the 74.50-75.00 support, a new upside potential may occur. However, for declines to continue, a course below the 74.50 support and 4-hour closings are required. In this case, the 74.00 and 73.50 levels may be on the agenda. Support: 75-74.50 Resistance: 76-76.5
The increasing geopolitical risks in the Middle East, following Iran's missile attacks on Israel, have positively impacted gold prices by boosting demand for safe havens. Meanwhile, the dollar index gained value, exerting pressure on gold, after the JOLTS report revealed more job openings than expected. The U.S. ADP private sector employment data, to be released later in the day, could create new volatility in the markets and has the potential to influence gold's movements. On the hourly chart, gold is trading between the 2640 and 2650 resistance zones; the 2630 and 2620 levels stand out as support. The RSI indicator is at 40.30, approaching the oversold zone and showing a negative outlook. The gold price is at 2645.90, a 0.31% decrease from the previous day. Support:2650 - 2640 - 2630 - Resistance:2660 - 2670 - 2680 -
Orta Doğu’da artan jeopolitik riskler, İran’ın İsrail’e füze saldırıları sonrasında güvenli liman talebini artırarak ons altın üzerinde olumlu bir etki yarattı. Dolar endeksi ise JOLTS verisinin beklenenden fazla açık iş sayısı bildirmesiyle değer kazanarak altın üzerinde baskı oluşturdu. Gün içinde açıklanacak olan ABD ADP özel sektör istihdam verileri, piyasalarda yeni volatilite yaratabilir ve altının hareketini etkileme potansiyeline sahip. Saatlik grafikte ons altın 2640 ve 2650 direnç bölgeleri arasında işlem görüyor; 2630 ve 2620 seviyeleri ise destek olarak öne çıkıyor. RSI göstergesi 40.30 seviyesinde, aşırı satım bölgesine yaklaşıyor ve negatif bir görünüm sergiliyor. Altının fiyatı, önceki güne göre %0.31 düşüşle 2645.90 seviyesinde bulunuyor. Destek:2650 - 2640 - 2630 - Direnç:2660 - 2670 - 2680 -
Oil futures extended gains on the back of the US Energy Information Administration’s 3.7 million barrel draw in inventories and the IranIsrael tensions. As long as prices remain above the 77.50-78.00 support zone, the uptrend may continue and 79.00 and 79.50 levels may be targeted. As long as possible declines remain limited to the 77.50-78.00 support, there may be potential for a new rise. However, for the downtrend to continue, it needs to fall below 77.50 and see 4-hour closes below this level. In this case, 77.00 and 76.50 levels may be on the agenda. Support: 78-77.50 Resistance: 79-79.50
The USD/TRY pair is trading in a market where currencies of emerging countries generally display a horizontal performance against the dollar. The Turkish Lira has started the day with a stronger performance compared to other emerging market currencies. Geopolitical tensions in the Middle East and US economic data continue to attract the attention of market participants. The US private sector employment data falling below expectations may affect overall market sentiment. Technically, when the 4-hour chart is examined, it is observed that the pair has recovered by taking strength from the 34.02 support level. In upward movements, the resistance levels of 34.20 and 34.25 should be monitored. A significant resistance is at the level of 34.36. The RSI indicator is at the level of 55.89, showing a positive trend. There is a change of 0.07% on a daily basis. The current price of the pair is at the level of 34.18. Support:34.09 - 34.02 - 33.96 - Resistance:34.2 - 34.25 - 34.36 -
USD/TRY paritesi, gelişmekte olan ülkelerin para birimlerinin genel anlamda dolara karşı yatay bir performans gösterdiği bir piyasada işlem görmektedir. Türk Lirası, diğer gelişen piyasa para birimlerine göre daha güçlü bir performans sergileyerek güne başlamıştır. Ortadoğu'da devam eden jeopolitik gerilimler ve ABD ekonomik verileri, piyasa katılımcılarının dikkatini çekmeye devam etmektedir. ABD özel sektör istihdam verisinin beklentilerin altında kalması, genel piyasa duyarlılığını etkileyebilir. Teknik olarak 4 saatlik grafik incelendiğinde, paritenin 34.02 destek seviyesinden güç alarak toparlandığı görülüyor. Yukarı yönlü hareketlerde 34.20 ve 34.25 direnç seviyeleri izlenmelidir. Önemli bir direnç ise 34.36 seviyesindedir. RSI göstergesi 55.89 seviyesinde olup, pozitif bir eğilim sergilemektedir. Günlük bazda %0.07 oranında bir değişim mevcuttur. Paritenin güncel fiyatı şu anda 34.18 seviyesindedir. Destek:34.09 - 34.02 - 33.96 - Direnç:34.2 - 34.25 - 34.36 -
Better-than-expected jobless claims data eased fears of a recession, and the NASDAQ100 index continued its recovery. Mega-cap tech stocks, particularly Nvidia, Meta, and Tesla, led the recovery with strong gains. Technically, the NASDAQ100 index could remain bullish as it caps its declines in the 18240-18440 area. In this case, the index has the potential to rise towards the 18670 and 18750 levels. Alternatively, the index needs to trade persistently below the 18240-18440 area for the downtrend to strengthen. In this scenario, a pullback towards the 18050 and 17950 levels could be experienced. Support: 18440-18240 Resistance: 18670-18750
The GBP/USD pair is moving amid weak economic data in the Eurozone and expectations of an upcoming rate cut by the ECB. There is significant pressure on the pair due to the partial slowdown observed in the UK economy and the weaker-than-expected ISM Manufacturing PMI data from the US. The continuation of the Dollar Index below a critical technical area continues to determine the movement range of GBP/USD. Employment data from the US and statements from the Fed will remain decisive for the market. From a technical perspective, as examined on the 4-hour charts, the GBP/USD pair is approaching the support area at the 1.3279 level, with 1.3360 and 1.3440 levels standing out as resistance. The RSI indicator is at 36.83, approaching the oversold region, which may indicate potential for a shortterm recovery in the pair. The current price of the pair is 1.3279, exhibiting almost a flat trend with the values recorded yesterday. Support:1.3265 - 1.322 - 1.318 - Resistance:1.331 - 1.336 - 1.34 -
GBP/USD paritesi, Euro Bölgesi’ndeki zayıf ekonomik veriler ve ECB'nin yaklaşan faiz indirimi beklentileri eşliğinde hareket ediyor. İngiltere ekonomisinde gözlenen kısmi yavaşlama ve ABD’den gelen beklenenden zayıf ISM İmalat PMI verisi eşliğinde parite üzerinde etkili bir basınç söz konusu. Dolar Endeksi’nin kritik bir teknik bölgenin altında kalması, GBP/USD’nin hareket alanını belirlemeye devam ediyor. ABD’den gelecek olan istihdam verileri ve Fed'in açıklamaları piyasa üzerinde belirleyici olmaya devam edecektir. Teknik açıdan incelendiğinde, 4 saatlik grafiklerde GBP/USD paritesi 1.3279 seviyesindeki destek bölgesine yaklaşırken, 1.3360 ve 1.3440 seviyeleri direnç olarak öne çıkıyor. RSI göstergesi 36.83 seviyesinde olup aşırı satım bölgesine yaklaşmakta, bu durum paritede kısa vadeli bir toparlanma potansiyeline işaret edebilir. Paritenin güncel fiyatı ise 1.3279 seviyesinde, dün kaydedilen değerlerle neredeyse yatay bir seyir izlemektedir. Destek:1.3265 - 1.322 - 1.318 - Direnç:1.331 - 1.336 - 1.34 -
The strengthening of mega-cap technology stocks such as Nvidia and Tesla in the US and the better-than-expected unemployment benefit application data easing fears of an economic recession also supported the DAX40 index upwards. When we examine the DAX40 index in the short term, it is seen that the index has recovered above the 17125 bottom point after yesterday's negative pricing. The 17965 level stands out as an important reference point in the index's movements. As long as it remains below the 17965 level, declines towards the 17710 and 17605 levels may be experienced. Alternatively, a recovery or reaction purchases towards the 17965 region may be seen. However, it should not be forgotten that even if such a recovery occurs, the main trend remains negative below the 17965 region. Support: 17710 - 17605 Resistance: 17820 - 17965
The decline observed in the CPI data from Germany and the Eurozone, along with negative PMI data, has increased expectations for a rate cut by the ECB. On the U.S. side, the contraction in ISM Manufacturing PMI data and the JOLTS data exceeding expectations make it important to monitor economic data, while geopolitical risks continue to guide the markets. In this context, the short-term negative trend of the Dollar Index is considered significant for the continuation of upward movements in the EURUSD and GBPUSD pairs. The EURUSD pair is trying to stay above the 233-period average with its current downward trend. In technical analysis, the EURUSD pair is being examined on a 4-hour chart. The pair is currently at the 1.1060 level, with the 1.1082 level acting as resistance and the 1.1050 level as a support region. The RSI indicator is at 35.21 and shows a negative outlook. There is a 0.33% decrease compared to the previous day. In light of this information, it is important to monitor the price movements in the pair in accordance with the possible support and resistance regions. Support:1.104 - 1.099 - 1.094 - Resistance:1.11 - 1.115 - 1.12 -
Almanya ve Euro Bölgesi'nde TÜFE verilerinde gözlenen gerileme ve olumsuz PMI verileri, ECB'nin faiz indirimi beklentisini artırdı. ABD tarafında ise ISM İmalat PMI verisinin daralması ve JOLTS verisinin beklenti üzerinde gelmesi, ekonomik verilerin izlenmesini önemli kılarken, jeopolitik riskler ise piyasalara yön vermeye devam ediyor. Bu bağlamda Dolar Endeksi'nin kısa vadede negatif seyri, EURUSD ve GBPUSD paritelerindeki yükselişlerin devamı için önemli bulunuyor. EURUSD paritesi, mevcut düşüş eğilimi ile 233 periyotluk ortalamanın üzerinde kalmaya çalışıyor. Teknik analizde, EURUSD paritesi 4 saatlik grafikte inceleniyor. Parite şu anda 1.1060 seviyesinde olup, 1.1082 seviyesi direnç, 1.1050 seviyesi ise destek bölgesi olarak izleniyor. RSI göstergesi 35.21 seviyesinde ve negatif bir görünüm sergiliyor. Bir önceki güne göre %0.33 oranında bir düşüş söz konusu. Bu bilgiler ışığında, paritedeki fiyat hareketlerinin olası destek ve direnç bölgeleri doğrultusunda izlenmesi önemlidir. Destek:1.104 - 1.099 - 1.094 Direnç:1.11 - 1.115 - 1.12 -
U.S. natural gas futures continued to trend higher, supported by warmer temperatures and lower-than-expected inventories. As long as prices remain above the 2,060-2,110 support zone, the upward trend may continue and 2,180 and 2,215 levels may be targeted. As long as possible declines remain limited to the 2,060-2,110 support zone, there may be potential for a new uptrend. However, in order for declines to continue, a drop below 2,060 and 4-hour closings below this level are required. In this case, 2,020 and 1,980 levels may be on the agenda. Support: 2.11-2.06 Resistance: 2.18-2.215
The NGCUSD parity is trying to maintain its prices in U.S. natural gas futures amidst disruptions in production and expectations of a revival in demand. The trends of European and U.S. stock markets, along with inventory figures to be announced by the U.S. Energy Information Administration, will play a significant role in determining the direction of the parity. As long as prices remain above the support levels of 2.850 - 2.880, the upward outlook is expected to continue. However, if it dips below the 2.850 level and if 4-hour closures are observed below this level, the 2.820 and 2.780 levels might be considered. From a technical perspective, the NGCUSD parity is evaluated on an hourly chart. The parity continues to trade above the 2.717 support level. Increases are monitored with 2.732 and 2.742 levels as the main resistance points. The RSI indicator is at 50.47, displaying a neutral outlook. In the last day, the price recorded a slight decline of 0.29%. The current price is around the 2.732 level. Support:2.88 - 2.85 - 2.82 - Resistance:2.94 - 2.97 - 3 -
NGCUSD paritesi, ABD doğal gaz vadeli işlemlerinde, üretimde yaşanan aksaklıklar ve talepteki canlanma beklentisi ile fiyatlarını korumaya çalışıyor. Avrupa ve ABD borsalarının seyri ile birlikte ABD Enerji Bilgi Dairesi'nin açıklayacağı stok rakamları, paritenin yönünü belirlemede önemli rol oynayacak. Fiyatlar 2,850 - 2,880 destek seviyeleri üzerinde kaldıkça yukarı yönlü görünümün devam etmesi beklenebilir. Ancak 2,850 seviyesinin altına sarkılması durumunda düşüş eğiliminin devamı ve 4 saatlik kapanışların bu seviyenin altında görülmesi halinde 2,820 ve 2,780 seviyeleri dikkate alınabilir. Teknik açıdan incelendiğinde, NGCUSD paritesi saatlik grafik üzerinde değerlendiriliyor. Parite, 2,717 destek seviyesinin üzerinde işlem görmeye devam ediyor. Yükselişlerde 2,732 ve 2,742 seviyeleri ana direnç noktaları olarak takip ediliyor. RSI göstergesi 50,47 seviyesinde olup, nötr bir görünüm sergiliyor. Son bir günde fiyat %0,29 oranında hafif bir düşüş kaydetti. Güncel fiyatı ise 2,732 seviyesi civarındadır. Destek:2.88 - 2.85 - 2.82 - Direnç:2.94 - 2.97 - 3 -
The DAXEUR pair continues to be affected by the negative sentiment in global markets recently. Increasing geopolitical risks in the Middle East are negatively impacting the direction of the DAX by increasing volatility in global indices. Stimulus measures implemented by China and economic uncertainties in Europe are keeping the index's performance on a fluctuating path. It seems that the DAX needs to cope with signs of economic slowdown in Germany and uncertainty regarding the European Central Bank's interest rate decisions. From a technical perspective, when examining the DAX 40 chart on an hourly timeframe, it is trading around the 19060.5 levels. The index is closely watching the 19210 and 19320 levels as resistance, while testing the 18995 and 19115 levels as support. The RSI indicator is at 36.54, presenting a negative outlook. The DAX's 0.05% increase compared to the previous day indicates a minimal recovery effort in the markets. Support:19175 - 19075 - 18995 - Resistance:19350 - 19475 - 19565-
DAXEUR paritesi, son dönemde küresel piyasalardaki olumsuz havanın etkisi altında kalmaya devam ediyor. Ortadoğu'da artan jeopolitik riskler, küresel endekslerdeki volatiliteyi artırarak DAX'ın yönünü olumsuz etkiliyor. Çin'in uyguladığı teşvikler ve Avrupa'daki ekonomik belirsizlikler endeksin performansını dalgalı bir seyirde tutuyor. DAX'ın Almanya'daki ekonomik yavaşlama sinyalleri ve Avrupa Merkez Bankası'nın faiz kararına dair belirsizliklerle başa çıkması gerektiği görülüyor. Teknik açıdan, DAX 40 grafiği saatlik zaman diliminde incelendiğinde 19060.5 seviyelerinde işlem görmekte. Endeks direnç olarak 19210 ve 19320 seviyelerini dikkatle izlerken, destek olarak 18995 ve 19115 seviyelerini test ediyor. RSI göstergesi ise 36.54 seviyesinde olup negatif bir görünüm sergilemekte. DAX'ın önceki güne göre %0.05 artış göstermesi piyasalarda minimal bir toparlanma çabasına işaret ediyor. Destek:19175 - 19075 - 18995 - Direnç:19350 - 19475 - 19565
The NASDAQ100 index is under pressure as ADP private sector employment data from the US exceeds expectations and 10-year bond yields rise. This situation strengthens expectations of a possible interest rate reduction by the Fed in November. Meanwhile, geopolitical developments and economic fluctuations in China are causing volatility in the markets. Unemployment benefit claims and ISM services PMI data to be released today may trigger a new pricing movement on the index. Uncertainties in global markets continue to increase pressure on the NASDAQ100. Technically, the NASDAQ100 index is trading between the 19900 – 20150 support-resistance zone on the 1-hour chart. If it can maintain above the 20150 level, a positive trend may strengthen, but if it falls below the 19900 level, 19800 and 19700 levels can be monitored as important supports in downward movements. The RSI indicator is at 45.7 and presents a neutral outlook. The index has decreased by 0.08% compared to the previous day, with the current price at 19759.0. Support:19900 - 19800 - 19700 - Resistance:20150 - 20250 - 20350 -
NASDAQ100 endeksi, ABD'den gelen ADP özel sektör istihdam verilerinin beklentileri aşması ve 10 yıllık tahvil faizlerinin yükselmesiyle baskı altında. Bu durum, Fed'in Kasım ayında yapabileceği muhtemel bir faiz indirimine olan beklentileri güçlendiriyor. Aynı zamanda, jeopolitik gelişmeler ve Çin'deki ekonomik dalgalanmalar, piyasalarda dalgalanmalara neden oluyor. Bugün açıklanacak olan işsizlik haklarından yararlanma başvuruları ve ISM hizmet PMI verileri, endeks üzerinde yeni bir fiyatlama hareketi yaratabilir. Küresel piyasalardaki belirsizlikler, NASDAQ100 üzerinde baskıyı artırmaya devam ediyor. Teknik olarak, NASDAQ100 endeksi 1 saatlik grafikte 19900 – 20150 destekdirenç bölgesi arasında işlem görüyor. 20150 seviyesinin üzerinde kalıcılık sağlanabilirse pozitif bir yönelim güçlenebilir, ancak 19900 seviyesinin altına gerilemesi durumunda aşağı yönlü hareketlerde 19800 ve 19700 seviyeleri önemli destekler olarak izlenebilir. RSI göstergesi 45.7 seviyesinde ve nötr bir görünüm sergiliyor. Endeks, bir önceki güne göre %0,08 oranında gerilemiş durumda ve şu anki fiyatı 19759.0 seviyesinde. Destek:19900 - 19800 - 19700 - Direnç:20150 - 20250 - 20350 -
Crude oil futures rebounded due to high risk levels in the Middle East. The trend in European and US stock markets could affect the future direction of oil prices. Currently, pricing above the 73.50 - 74.00 support levels supports an upward outlook. In potential uptrends, the levels of 75.00 and 75.50 can be targeted. However, closings below 73.50 could indicate the continuation of the decline, bringing 73.00 and 72.50 levels into focus. When the chart is analyzed on a 1-hour timeframe, Brent crude is tracking the 73.79 support level, with resistance levels at 74.73 and 74.98 in upward movements. The RSI indicator is at 55, displaying a neutral trend. There was a 0.21% decline compared to the previous day. The current price is recorded as 74.729. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Petrol vadeli işlemleri, Orta Doğu'daki yüksek risk seviyeleri nedeniyle toparlanma gösterdi. Avrupa ve ABD borsalarındaki seyir, petrol fiyatlarının gelecekteki yönüne etki edebilir. Şu an için 73,50 - 74,00 destek seviyelerinin üzerindeki fiyatlamalar, yukarı yönlü bir görünümü destekliyor. Olası yükselişlerde 75,00 ve 75,50 seviyeleri hedeflenebilir. Ancak 73,50 altındaki kapanışlar, düşüşün devamı anlamına gelebilir ve bu durumda 73,00 ve 72,50 seviyeleri gündeme gelebilir. Grafik, 1 saatlik zaman diliminde incelendiğinde, Brent petrol 73,79 destek seviyesini izlerken, yukarı yönlü hareketlerde 74,73 ve 74,98 direnç seviyeleri bulunuyor. RSI göstergesi 55 seviyesinde ve nötr bir eğilim sergiliyor. Önceki güne göre %0,21'lik bir düşüş yaşandı. Güncel fiyat ise 74,729 olarak kaydedildi. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76 -
As oil markets show recovery due to ongoing high tensions in the Middle East, the trends of European and US stock exchanges are being closely monitored. Losses in China due to stimulus measures and OPEC's announcements of no changes in production quotas are also increasing volatility in the oil market. Strong employment data from the US and the strengthening of the dollar may continue to pose a barrier to the recovery of oil prices. The chart analyzes WTI oil prices in a 1-hour time frame. As prices move between the levels of 70.28 and 71.50, the range of 69.50 – 70.00 maintains its importance as a support zone. In upward movements, the levels of 71.50 and 72.00 may form resistance. The RSI indicator is at 54.85 and shows a positive outlook. The chart indicates a 0.22% increase compared to the previous close. The current price is seen as 71.644. Support:70.5 - 70 - 69.5 - Resistance:71.5 - 72 - 72.5 -
Petrol piyasaları, Orta Doğu'da devam eden yüksek gerilim nedeniyle toparlanma gösterirken, Avrupa ve ABD borsalarının seyri yakından izleniyor. Çin'de teşvik adımlarının etkisiyle yaşanan kayıplar ve OPEC'in üretim kotasında değişiklik yapmayacağı açıklamaları da petrol piyasasında volatiliteyi artırıyor. ABD'den gelen güçlü istihdam verileri ve doların güçlenmesi ise petrol fiyatlarındaki toparlanmanın önünde engel oluşturmaya devam edebilir. Grafikte WTI petrol fiyatı 1 saatlik zaman diliminde inceleniyor. Fiyat, 70.28 ve 71.50 seviyeleri arasında hareket ederken, 69.50 – 70.00 bandı destek bölgesi olarak önemini koruyor. Yukarı yönlü hareketlerde 71.50 ve 72.00 seviyeleri direnç oluşturabilir. RSI göstergesi 54.85 seviyesinde ve pozitif bir görünüm sergiliyor. Grafik, önceki kapanışa göre %0.22 artış göstermekte. Güncel fiyat 71.644 olarak görülüyor. Destek:70.5 - 70 - 69.5 - Direnç:71.5 - 72 - 72.5 -
The increase in geopolitical risks in the Middle East continues to support gold prices, while strong U.S. employment data exerts pressure on gold prices. Although the appreciation of the dollar index limits the upward movement of gold prices, investors' search for a safe haven keeps gold strong. Later today, U.S. unemployment benefit claims and ISM services PMI data may create volatility in the gold markets. In technical analysis, XAU/USD is analyzed on the 1-hour chart. Support and resistance zones are located at the 2640-2650 and 2660-2670 levels, respectively. However, the current outlook places it above the 2652.0 price level. The RSI indicator is at a neutral state at 47.27. There is a 0.06% decline compared to the previous day's close. The current price is at the level of 2653.33. Support:2650 - 2640 - 2630 - Resistance:2660 - 2670 - 2680 -
Orta Doğu'daki jeopolitik risklerin artması, ons altın fiyatlarını desteklemeye devam ederken, güçlü ABD istihdam verileri altın fiyatları üzerinde baskı yaratıyor. Dolar endeksinin değer kazanması, altın fiyatlarının yukarı yönlü hareketini sınırlasa da yatırımcıların güvenli liman arayışları altını güçlü tutmaya devam ediyor. İlerleyen saatlerde ABD işsizlik haklarından yararlanma başvuruları ve ISM hizmet PMI verileri altın piyasalarında hareketlilik yaratabilir. Teknik analizde, XAU/USD 1 saatlik grafikte analiz edilmiştir. Destek ve direnç bölgeleri sırasıyla 2640-2650 ve 2660-2670 seviyelerinde yer alıyor. Ancak mevcut görünümde 2652,0 fiyat seviyesinin üzerinde bulunuyor. RSI göstergesi 47,27 seviyesinde nötr bir seyir izliyor. Bir önceki günün kapanışına göre %0,06 oranında bir gerileme söz konusu. Güncel fiyat ise 2653,33 seviyesinde bulunuyor. Destek:2650 - 2640 - 2630 - Direnç:2660 - 2670 - 2680 -
As the USD/TRY pair continues to be affected by fluctuations in global markets, the weak performance of the Turkish Lira is noteworthy. Strong performance of U.S. economic data and the ongoing strengthening of the dollar create upward pressure on the pair. Despite the domestic decline in inflation, the Central Bank of Turkey's tight monetary policy and the overall weakness of the Turkish Lira continue to support upward movements in the exchange rate. In the technical analysis conducted on the chart, the USD/TRY pair is monitored on a 4-hour time frame. Current levels are trading around 34.22, with the support level at 34.04 maintaining its importance. In upward movements, resistance levels at 34.25 and 34.31 can be tested. The RSI indicator is at 57.86, showing a positive trend. There is a limited increase of about 0.01% compared to the previous day in the USD/TRY pair, but surpassing the current resistance levels is critically important for the continuation of the upward trend. Support:34.17 - 34.1 - 34.04 - Resistance:34.25 - 34.31 - 34.38 -
USD/TRY paritesi, küresel piyasalardaki dalgalanmalardan etkilenmeye devam ederken, Türk Lirası'nın zayıf performansı dikkat çekmektedir. ABD ekonomik verilerinin güçlü bir seyir izlemesi ve dolarda süregelen güçlenme, parite üzerinde yukarı yönlü baskı yaratıyor. Yurt içinde enflasyon düşüş eğilimi göstermesine rağmen, TCMB'nin sıkı para politikası ve Türk Lirası üzerindeki genel zayıflık, döviz kurundaki yukarı yönlü hareketleri desteklemeye devam ediyor. Grafik üzerinde yapılan teknik analizde, USD/TRY paritesi 4 saatlik zaman diliminde izleniyor. Mevcut seviyeler 34.22 civarında işlem görürken, 34.04 seviyesindeki destek önemini koruyor. Yukarı yönlü hareketlerde 34.25 ve 34.31 tarafından test edilebilecek direnç seviyeleri bulunuyor. RSI göstergesi 57.86 seviyesinde olup pozitif bir eğilim sergiliyor. USD/TRY paritesinde bir önceki güne göre %0.01 gibi sınırlı bir artış gözlemleniyor fakat yükseliş trendinin devamı için mevcut direnç seviyelerinin aşılması kritik önem taşımaktadır. Destek:34.17 - 34.1 - 34.04 - Direnç:34.25 - 34.31 - 34.38 -
The GBP/USD pair continues to remain under pressure due to strong employment data from the US and the rising Dollar Index. The positive trend of the US Dollar against other developed country currencies creates a negative effect on the pound. Macroeconomic data and geopolitical risks are causing the pair to move within a narrow range, with developments in the Dollar Index being particularly decisive for GBP/USD. The focus in the markets has shifted to the upcoming ISM Services PMI and employment data from the US. From a technical perspective, the GBP/USD pair is trading at the 1.3187 level on the 4-hour chart. In intraday movements, the 1.3135 level can be observed as important support, while 1.3275 and 1.3310 levels can be considered resistance. The pair's RSI indicator is at the 27.66 level and is in the oversold area, which may indicate a potential short-term recovery. However, the pair has experienced a 0.47% decrease on a daily basis. With this outlook, the pair is likely to fluctuate between support and resistance levels. Support:1.322 - 1.318 - 1.3135 - Resistance:1.3265 - 1.331 - 1.336 -
GBP/USD paritesi, ABD'den gelen güçlü istihdam verileri ve yükselen Dolar Endeksi'nin etkisiyle baskı altında kalmaya devam ediyor. ABD Doları’nın diğer gelişmiş ülke para birimlerine karşı pozitif bir seyir izlemesi, sterlin üzerinde negatif bir etki yaratmakta. Makroekonomik veriler ve jeopolitik riskler, paritenin dar bir bantta hareket etmesine neden olurken, özellikle Dolar Endeksindeki gelişmeler GBP/USD üzerinde belirleyici oluyor. Piyasalarda odak, ABD'den gelecek olan ISM Hizmet PMI ve istihdam verilerine çevrilmiş durumda. Teknik görünüme baktığımızda, GBP/USD paritesi 4 saatlik grafikte 1.3187 seviyesinde işlem görüyor. Gün içi hareketlerde 1.3135 seviyesi önemli bir destek, 1.3275 ve 1.3310 seviyeleri ise direnç olarak izlenebilir. Paritenin RSI göstergesi ise 27.66 seviyesinde olup, aşırı satım bölgesinde bulunuyor, bu da kısa vadede potansiyel bir toparlanabileceğine işaret edebilir. Ancak parite günlüğe göre %0.47 oranında düşüş yaşamıştır. Bu görünümle, paritenin destek ve direnç seviyeleri arasında dalgalı bir seyir izlemesi muhtemel görünüyor. Destek:1.322 - 1.318 - 1.3135 - Direnç:1.3265 - 1.331 - 1.336 -
The EURUSD pair continues to remain under pressure due to the strengthening of the US dollar against other developed country currencies. The increase in the dollar index is particularly supported by strong US economic data and employment expectations. While service PMI data in the European region are also being closely monitored, the Euro remains weak against the current strong stance of the dollar. Geopolitical risks in global markets and non-farm payroll data coming from the US are among other factors being closely watched by the market. In technical analysis, the pair has fallen below the 200-day moving average at the 1.1084 level on the 4-hour timeframe. In this situation, the levels of 1.1110 and 1.1135 can be monitored as resistance, while the levels of 1.1000 and 1.0940 can be considered as support in downward movements. The RSI indicator is at the level of 30.88, indicating the oversold zone, which may suggest a short-term recovery possibility. The pair is trading at 1.10278, a 0.04% decrease compared to yesterday's close. Support:1.099 - 1.094 - 1.09 Resistance:1.11 - 1.115 - 1.12 -
EURUSD paritesi, ABD dolarının diğer gelişmiş ülke para birimlerine karşı güç kazanmasının etkisiyle baskı altında kalmaya devam ediyor. Dolar endeksinde yaşanan artış, özellikle ABD'nin güçlü ekonomik verileri ve istihdam beklentileriyle destekleniyor. Avrupa bölgesinde hizmet PMI verileri de dikkatle takip edilirken, doların mevcut güçlü duruşu karşısında Euro zayıf kalıyor. Küresel piyasalarda jeopolitik riskler ve ABD'den gelecek tarım dışı istihdam verileri, piyasanın dikkatle izlediği diğer unsurlar arasında yer alıyor. Teknik analizde, 4 saatlik zaman diliminde parite 1.1084 seviyesindeki 200 günlük hareketli ortalamanın altına gerilemiş durumda. Bu durumda, 1.1110 ve 1.1135 seviyeleri direnç olarak izlenirken, aşağı yönlü hareketlerde 1.1000 ve 1.0940 seviyeleri destek olarak değerlendirilebilir. RSI göstergesi 30.88 seviyesinde ve aşırı satım bölgesine işaret ediyor, bu da kısa vadede bir toparlanma olasılığına işaret edebilir. Parite, dünkü kapanışa göre %0.04 düşüşle 1.10278 seviyesinde işlem görüyor. Destek:1.099 - 1.094 - 1.09 - Direnç:1.11 - 1.115 - 1.12 -
US natural gas futures are experiencing price gains due to a lower-thanexpected increase in stocks and forecasts of strong future demand. Natural gas prices, which followed a calmer trend during the Asian session, may also track the direction of European and US markets throughout the day. As long as the pricing stays above the 2.880 – 2.910 support levels, an upward outlook can be maintained. In case the upward movement continues, the 3.000 and 3.040 levels can be targeted. In a potential downturn scenario, closings below 2.880 might indicate the continuation of the downtrend, in which case the 2.850 and 2.820 levels might come into focus. In the hourly chart view of natural gas prices, it is observed that trading is around the 2.785 level. Short-term resistance levels are observed as 2.786 and 2.800, while 2.749, 2.712, and 2.664 levels can be monitored as support. The RSI indicator is at the 59.91 level, showing a slightly positive outlook. A calm movement is being observed with a small decrease of 0.001% compared to the previous day. The current price is at the 2.785 level. Support:2.91 - 2.88 - 2.85 - Resistance:3 - 3.04 - 3.07 -
ABD doğal gaz vadeli işlemleri, stoklarda beklenenin altında bir artış ve gelecekteki güçlü talep beklentileri nedeniyle fiyat kazançları yaşıyor. Asya seansında daha sakin bir seyir izleyen doğal gaz fiyatları, gün içinde Avrupa ve ABD borsalarının yönünü de takip edebilir. Fiyatlamalar 2,880 – 2,910 destek seviyeleri üzerinde kaldığı sürece, yukarı yönlü bir görünüm korunabilir. Yükselişlerin devamı durumunda 3,000 ve 3,040 seviyeleri hedeflenebilir. Olası düşüş senaryosunda ise, 2,880 altındaki kapanışlar, düşüş trendinin devamı için bir işaret olabilir ve bu durumda 2,850 ve 2,820 seviyeleri gündeme gelebilir. Doğal gaz fiyatlarının saatlik grafik görünümünde, mevcut seviyelerde 2,785 civarında işlem gördüğü görülüyor. Kısa vadeli direnç seviyeleri 2,786 ve 2,800 olarak gözlemlenirken; 2,749, 2,712 ve 2,664 seviyeleri destek olarak izlenebilir. RSI göstergesi 59,91 seviyesinde olup, hafif pozitif bir görünüm sergiliyor. Önceki güne göre %0,001'lik küçük bir gerileme ile sakin bir hareket izleniyor. Güncel fiyat, an itibarıyla 2,785 seviyesinde bulunuyor. Destek:2.91 - 2.88 - 2.85 - Direnç:3 - 3.04 - 3.07 -
The DAX 40 index is under pressure in the last quarter of the year due to the impact of global geopolitical risks. Developments in the Middle East, in particular, are causing negative reactions in the markets, directing attention towards U.S. non-farm payroll data to be released today. Apart from differences in the Chinese stock market, broader losses are observed in the Italian and French indices in Europe. Expectations regarding the U.S. interest rate policy could be reshaped by the picture formed by the data to be announced. From a technical perspective, the hourly time frame is used in the DAX 40 chart. The movement at the 19013 level allows for resistance to be monitored at the 19146.2 and 19285 levels. In downward movements, the levels of 19090 and 18885 should be watched as supports. The RSI indicator is at 43.81, showing a neutral trend. Compared to the previous day, the movement is supported by a 0.03% decrease. The current price is around the 19013.8 level Support:19090 - 18995 - 18885 - Resistance:19285 - 19350 - 19465-
DAX 40 endeksi, yılın son çeyreğinde küresel jeopolitik risklerin etkisiyle baskı altında bir seyir izliyor. Özellikle Orta Doğu'daki gelişmeler, piyasaların olumsuz bir reaksiyon göstermesine neden olurken, piyasanın dikkatini bugün açıklanacak ABD tarım dışı istihdam verilerine yöneltti. Çin borsasındaki farklılaşma dışında Avrupa'da İtalya ve Fransa endekslerinde daha geniş kayıplar gözlemleniyor. ABD'nin faiz politikasına dair beklentiler, açıklanacak verilerin oluşturacağı tabloya göre yeniden şekillenebilir. Teknik açıdan, DAX 40 grafiğinde saatlik zaman dilimi kullanılıyor. Endeksin 19013 seviyesindeki hareketi direnç olarak 19146,2 ve 19285 seviyelerini izlenebilir kılıyor. Aşağı yönlü hareketlerde ise 19090 ve 18885 seviyeleri destek olarak takip edilmelidir. RSI göstergesi 43,81 seviyesinde ve nötr bir eğilim sergiliyor. Önceki güne göre hareket yüzde 0,03 oranında düşüşle destekleniyor. Güncel fiyat ise 19013,8 seviyelerinde seyrediyor. Destek:19090 - 18995 - 18885 - Direnç:19285 - 19350 - 19465-
The NASDAQ 100 index is affected by the macroeconomic dynamics stemming from the ISM services PMI data in the US surpassing expectations and the rise in US 10-year bond yields. It is observed that the expectations for a cut in the Fed's November statement are gaining strength on the side of a 25 basis point reduction. For intraday pricing, average hourly earnings, unemployment rate, and non-farm payroll change data may hold importance. Additionally, geopolitical developments in the global market are monitored as they can create volatility. In technical analysis, the NASDAQ 100 index is tracked on a 1-hour chart. Currently, the index is trading between the 19800 support and 19980 resistance levels. The RSI indicator is at 53, presenting a neutral outlook. Compared to the previous day, there has been a 0.04% decrease in the index. The current price is determined as 19820. It should be noted that these levels can fluctuate based on geopolitical and economic data. Support:19900 - 19800 - 19700 - Resistance:20150 - 20250 - 20350 -
NASDAQ 100 endeksi, ABD'de açıklanan ISM hizmet PMI verisinin beklentilerin üzerinde gelmesi ve ABD 10 yıllık tahvil faizlerinin artışıyla oluşan makroekonomik dinamiklerden etkileniyor. Fed'in Kasım ayı beyanatına yönelik indirim beklentilerinin 25 baz puanlık bir tarafta güç kazandığı gözlemleniyor. Gün içerisindeki fiyatlamalar için, ortalama saatlik kazançlar, işsizlik oranı ve tarım dışı istihdam değişimi verileri önem arz edebilir. Ayrıca, küresel piyasada yaşanan jeopolitik gelişmelerin de volatilite yaratabileceği izleniyor. Teknik analizde, NASDAQ 100 endeksi 1 saatlik grafikte izleniyor. Mevcut durumda endeks 19800 destek ve 19980 direnç seviyeleri arasında işlem görüyor. RSI göstergesi 53 seviyesinde ve nötr bir görünüm sergiliyor. Bir gün öncesine göre endekste %0.04 oranında düşüş gerçekleşmiş. Güncel fiyat 19820 olarak belirleniyor. Bu seviyelerin jeopolitik ve ekonomik verilere bağlı olarak hareket edebileceği unutulmamalıdır. Destek:19900 - 19800 - 19700 - Direnç:20150 - 20250 - 20350 -
Brent crude oil has been exhibiting a volatile trend in recent days due to geopolitical tensions in the Middle East. The heightened tensions between Israel and Iran are raising risk perceptions in the market, affecting oil prices. Particularly, the U.S.'s political maneuvers regarding developments in the region and Israel's military activities are key factors determining the direction of prices. On the other hand, the labor market data to be announced in the U.S. is closely watched by market participants and has the potential to indirectly influence oil pricing. The chart has been analyzed on an hourly timeframe. The first support level observed on the chart is set at 75.50, while a significant resistance level is positioned at 78.00. Currently, the RSI indicator is at 67.11, showing a positive outlook. The percentage change from the previous day has been calculated as -0.02. The current price has been recorded as 77.31. In light of this data, it is assessed that the Brent crude oil market tends to trade potentially at higher levels. Support:77 - 76.5 - 76 - Resistance:78 - 78.5 - 79 -
Brent petrol, Orta Doğu'daki jeopolitik gerilimlerin etkisiyle son günlerde dalgalı bir seyir izliyor. İsrail ile İran arasındaki gerilimlerin artması, piyasada risk algısını yükselterek petrol fiyatlarını etkiliyor. Özellikle ABD'nin bölgedeki gelişmelere yönelik politik hamleleri ve İsrail'in askeri hareketlilikleri, fiyatların yönünü belirleyici unsur olmaktadır. Diğer taraftan, ABD'de açıklanacak olan iş gücü piyasası verileri de piyasa aktörleri tarafından yakından izlenmekte, dolayısıyla petrol fiyatlamalarını dolaylı yoldan etkileyebilecek potansiyele sahiptir. Grafik, 1 saatlik zaman diliminde analiz edilmiş. Grafikte izlenen ilk destek seviyesi 75.50 olarak belirlenirken, önemli bir direnç seviyesi ise 78.00 seviyesinde yer alıyor. An itibarıyla RSI göstergesi 67.11 seviyesinde bulunuyor ve pozitif bir görünüm sergiliyor. Bir önceki güne göre değişim yüzdesi ise -0.02 olarak hesaplanmış. Güncel fiyat 77.31 olarak kaydedildi. Bu veriler ışığında, Brent petrol piyasasının potansiyel olarak üst seviyelerde işlem yapma eğiliminde olduğu değerlendirilmekte. Destek:77 - 76.5 - 76 - Direnç:78 - 78.5 - 79 -
WTI Crude Oil prices are exhibiting a volatile trend due to geopolitical tensions in the Middle East. The tension between Israel and Iran contributes to the upward movement of oil prices. Israel's attacks on Lebanon and potential attacks on Iran increase market anxiety. Employment data to be announced in the US may have indirect effects on oil pricing. If oil remains above the support levels of 72.00 – 72.50 during this period, the upward trend may be maintained. Additionally, potential changes in US interest rate policies could create economic pressure on oil. In technical analysis, WTIUSD is currently trading at the 74.08 level on the hourly chart. There is significant support at the 72.51 level, and potential resistance areas at the 74.50 and 75.00 levels. The RSI indicator is at 65.85, indicating positive momentum in the market. There has been a minimal change of 0.02% compared to the previous day. While maintaining the critical support level of 72.51 is important, the 74.50 and 75.00 levels are the resistance points to watch. Support:73 - 72.5 - 72 - Resistance:74 - 74.5 - 75 -
WTI Crude Oil fiyatları, Orta Doğu'daki jeopolitik gerilimler nedeniyle dalgalı bir seyir izliyor. İsrail ve İran arasındaki gerginlik, petrol fiyatlarının yukarı yönlü hareketine katkı sağlıyor. İsrail'in Lübnan'a saldırıları ve İran'a yönelik potansiyel saldırılar, piyasalarda tedirginliği artırıyor. ABD'de açıklanacak olan istihdam verileri ise petrol fiyatlamaları üzerinde dolaylı etkiler yaratabilir. Bu süreçte petrolün 72,00 – 72,50 destek seviyeleri üzerinde kalması durumunda, yukarı yönlü eğilim korunabilir. Ayrıca ABD'nin faiz politikalarındaki olası değişiklikler, petrol üzerinde ekonomik baskı oluşturabilir. Teknik analizde, WTIUSD saatlik grafikte şu an 74,08 seviyesinden işlem görüyor. 72,51 seviyesinde önemli bir destek, 74,50 ve 75,00 seviyelerinde ise potansiyel direnç alanları bulunuyor. RSI göstergesi 65,85 seviyesinde, bu da piyasada pozitif bir momentum olduğunu gösteriyor. Önceki güne göre %0,02’lik minimal bir değişim göstermiştir. 72,51 kritik destek seviyesinin korunması önem arz ederken, 74,50 ve 75,00 seviyeleri ise dikkat edilmesi gereken direnç noktalarıdır. Destek:73 - 72.5 - 72 - Direnç:74 - 74.5 - 75 -
Despite the strengthening dollar index due to positive economic data in the US, gold finds support from geopolitical risks. The increasing tension between Israel and Iran heightens the demand for gold as a safe haven. As markets focus on the US labor data to be released during the day, this situation may also affect the course of gold. While the positive result of the ISM services PMI data strengthens the dollar, it may create pressure on gold. On the hourly chart, gold is moving near the downward trend line at the 2663 level. It maintains a positive outlook as long as it stays above the 2640-2650 support zone. Resistance levels are monitored at 2670 and 2680. The RSI indicator is at the 66 level and trending positively. Gold, up by 0.11% compared to the previous day, is currently trading at 2666.87 Support:2660 - 2650 - 2640 - Resistance:2670 - 2680 - 2690 -
Ons altın, ABD'deki pozitif ekonomik verilerin etkisiyle güçlenen dolar endeksine rağmen, jeopolitik riskler ile destek buluyor. İsrail ve İran arasındaki gerilimin artması, altının güvenli liman talebini artırıyor. Piyasalar, gün içinde açıklanacak olan ABD işgücü verilerine odaklanırken, bu durum ons altının seyrini de etkileyebilir. ISM hizmet PMI verisinin olumlu sonuçlanması doları güçlendirirken, altın üzerinde baskı yaratabilir. Saatlik grafikte, altın 2663 seviyesindeki düşen trend çizgisi yakınlarında hareket ediyor. 2640-2650 destek bölgesi üzerinde kaldıkça pozitif görünüme sahip. Direnç seviyeleri 2670 ve 2680 olarak izleniyor. RSI göstergesi 66 seviyesinde ve pozitif eğilimde. Bir önceki güne göre %0.11 oranında yükselen altın, şu an 2666.87 seviyesinde işlem görüyor. Destek:2660 - 2650 - 2640 - Direnç:2670 - 2680 - 2690 -
The USD/TRY pair is showing a weak trend among the performances of emerging market currencies against the US Dollar. The Turkish Lira has depreciated by 0.26% against the US Dollar, with the pair trading near the 34.23 level. Employment data will be released in the US, which may create volatility in the dollar. Additionally, the market is also monitoring the impacts of geopolitical developments in the Middle East. In the 4-hour timeframe, 34.02 support is observed as an important level for the USD/TRY pair. In upward movements, the resistance levels at 34.25, 34.31, and 34.37 should be considered. The RSI indicator is at 57.44, showing a positive trend. The pair, which closed the previous day with a 0.01% increase, currently has a price of 34.22. Support:34.17 - 34.1 - 34.04 - Resistance:34.25 - 34.31 - 34.37 -
USD/TRY paritesi, gelişmekte olan ülkelerin para birimlerinin ABD Doları karşısındaki performansları arasında zayıf bir eğilim göstermektedir. Türk Lirası, ABD Doları karşısında yüzde 0,26 değer kaybetmiş ve parite 34,23 seviyesine yakın işlem görmektedir. ABD'deki istihdam verileri açıklanacak olup, bu durum dolarda volatilite yaratabilir. Ayrıca, Orta Doğu'daki jeopolitik gelişmelerin piyasa üzerindeki etkileri de takip edilmektedir. 4 saatlik zaman diliminde USD/TRY paritesi için 34,02 desteği önemli bir seviye olarak gözlemleniyor. Yukarı hareketlerde 34,25, 34,31 ve 34,37 direnç seviyeleri dikkate alınmalıdır. RSI göstergesi 57,44 seviyesindedir ve pozitif bir eğilim göstermektedir. Bir önceki günü yüzde 0,01 artışla kapatan paritenin güncel fiyatı 34,22'dir. Destek:34.17 - 34.1 - 34.04 - Direnç:34.25 - 34.31 - 34.37 -
The EURUSD pair continues to move above the 200-period average of 1.0856. Considering the short-term negative outlook of the Dollar Index (DXY), if the pair remains above this average, increases towards the levels of 1.0947 and 1.1012 may be observed. In particular, permanent movements above the level of 1.1012 can be considered as an important signal for the continuation of the trend rally. Otherwise, correction movements towards the average may be observed. In order for the current scenario to be considered invalid, the Dollar Index must exhibit permanent movements above the determined indicator, in which case the June low of 1.0665 may come to the agenda.
The GBP/USD pair continues to be under pressure due to the strength of the Dollar, influenced by data from the US and geopolitical risks. The pressure on the Sterling has increased with bold statements from Bank of England (BoE) Governor Bailey regarding interest rate cuts. These developments have led the pair to drop below the 34 and 100-period moving averages located in the 1.3265 region. Expectations regarding BoE's interest rate policy and US data will be decisive for the pair's direction. When the 4-hour chart is examined, the GBP/USD pair continues its downward movement. Levels of 1.3179 and 1.3259 are being monitored as resistance, while levels of 1.3125 and 1.3100 can be observed as support during declines. The RSI indicator is at 28.23, close to the oversold region, which could strengthen the possibility of a short-term recovery. The intraday change of the pair is currently -0.04%. The current price is at the 1.3128 level. Support:1.308 - 1.303 - 1.299 - Resistance:1.318 - 1.322 - 1.3265 -
GBP/USD paritesi, ABD'den gelen verilerin ve jeopolitik risklerin etkisiyle Dolar'ın güçlü kalması nedeniyle baskı altında kalmaya devam ediyor. İngiltere Merkez Bankası (BoE) Başkanı Bailey'in faiz indirimi konusundaki cesur açıklamalarıyla birlikte Sterlin üzerindeki baskı artmış durumda. Bu gelişmeler, paritenin 1,3265 bölgesinde bulunan 34 ve 100 periyotluk hareketli ortalamaların altına inmesine neden oldu. BoE'nin faiz politikasına yönelik beklentiler ve ABD verileri, paritenin yönü üzerinde belirleyici olacaktır. 4 saatlik grafik incelendiğinde, GBP/USD paritesi aşağı yönlü hareketini sürdürüyor. 1,3179 ve 1,3259 seviyeleri direnç olarak izlenirken, düşüşlerde ise 1,3125 ve 1,3100 seviyeleri destek olarak takip edilebilir. RSI göstergesi 28,23 seviyesinde olup, aşırı satım bölgesine yakın seyrediyor, bu da kısa vadede bir toparlanma olasılığını güçlendirebilir. Paritenin gün içi değişimi ise -%0,04 olarak gerçekleşmiş durumda. Güncel fiyat 1,3128 seviyesinde. Destek:1.308 - 1.303 - 1.299 - Direnç:1.318 - 1.322 - 1.3265 -
The GBPUSD pair is in the decision phase as it moves between the 55 and 89 period exponential moving averages (1.2766 – 1.2786). Persistent movements outside these averages are required to determine a clear direction. When this condition is met, 1.2900 or 1.2670 levels can be targeted. Especially the negative performance of the Dollar Index can end the divergence between the pair and the index. Therefore, today's economic calendar data should be closely monitored.
The EUR/USD pair is moving under the influence of economic data from the US and Europe ahead of the Fed meeting scheduled for November 7. Geopolitical risks and data related to the US employment market play an important role in keeping the US Dollar strong. While the expectations of a possible ECB rate cut are strengthened by weak economic indicators, the probability of a rate cut by the BoE is also on the agenda. Therefore, the NonFarm Payrolls, Unemployment Rate, and Average Hourly Earnings data to be announced today are of critical importance in determining the market direction. On the 4-hour chart, the EUR/USD pair has fallen below the 34 and 144-period moving averages at the 1.1100 level. This indicates that the pair is showing a negative outlook in the short term. Downward, the 1.0940 level can be tracked as a support point, while in upward movements, 1.1106 and 1.1112 levels stand out as resistance. The RSI indicator is at the 33.25 level, showing a negative trend close to the oversold zone. The pair is trading at 1.1027, experiencing a 0.01% decline compared to the previous day. Support:1.099 - 1.094 - 1.09 - Resistance:1.104 - 1.11 - 1.115 -
EUR/USD paritesi, 7 Kasım'da gerçekleşecek olan Fed toplantısı öncesinde ABD ve Avrupa'dan gelen ekonomik verilerin etkisi altında hareket ediyor. ABD Doları'nın güçlü kalmasında jeopolitik riskler ve ABD'de istihdam piyasasına dair veriler önemli rol oynuyor. ECB'nin olası faiz indirimi beklentileri zayıf ekonomik göstergelerle güçlenirken, BoE’nin faiz indirimi ihtimali de gündemde. Dolayısıyla, bugün açıklanacak Tarım Dışı İstihdam, İşsizlik Oranı ve Ortalama Saatlik Gelirler verileri, piyasaların yönünü belirlemede kritik öneme sahip. 4 saatlik grafikte, EUR/USD paritesi 1.1100 seviyesindeki 34 ve 144 periyotluk hareketli ortalamaların altına düşmüş durumda. Bu durum, paritenin kısa vadede negatif bir görünüm sergilediğine işaret ediyor. Aşağıda, 1.0940 seviyesi destek noktası olarak izlenebilirken, yukarı hareketlerde 1.1106 ve 1.1112 seviyeleri direnç olarak öne çıkıyor. RSI göstergesi 33.25 seviyesinde olup, aşırı satım bölgesine yakın negatif bir eğilim gösteriyor. Parite, önceki güne göre %0.01 düşüş yaşayarak 1.1027 seviyesinde işlem görüyor. Destek:1.099 - 1.094 - 1.09 - Direnç:1.104 - 1.11 - 1.115 -
The USDTRY exchange rate can maintain its positive outlook as long as it remains above the 33.13 level, which is the lower point of the rising channel. In this scenario, the exchange rate has the potential to rise towards the 33.50, 33.62 and 33.74 levels. In particular, permanent movements above the 33.62 level can strengthen the rise and approach the upper point of the channel. However, if it falls below the 33.13 level, reaction sales can be seen. In such a pullback, the expectation will still remain positive as long as there is no strong news flow based on TL. The invalidation of the scenario depends on the end of the rising channel.
U.S. natural gas futures continue to rise as stock increases fall short of expectations and demand expectations grow. The positive trend in Asian markets is also noteworthy in the new week. Following strong U.S. employment data last week, uncertainty regarding the Fed's interest rate cuts continues, while the U.S. dollar shows a limited decline. With these developments, natural gas prices may see new movements with the opening of European and U.S. markets. The NGCUSD pair is trending upward, staying above the 2.880 - 2.910 support level on the 1-hour chart. If this region is maintained, resistance levels at 3.000 and 3.040 could be targeted in upward movements. The pair is trading at the 2.785 level, with the RSI indicator at 59.91 showing a neutral outlook. The change from the previous day is 0.001%, which is quite limited. Falling below 2.880 during the day could bring lower levels into focus. Support:2.78 - 2.74 - 2.71 - Resistance:2.82 - 2.85 - 2.88 -
ABD doğal gaz vadeli işlemleri, stok artışlarının tahminleri karşılamaması ve artan talep beklentileri ile yükselmeye devam ediyor. Yeni haftada Asya piyasalarının pozitif seyri de dikkat çekiyor. Geçtiğimiz hafta gelen güçlü ABD istihdam verileri ardından Fed'in faiz indirimi konusundaki belirsizlik sürerken, ABD dolarında sınırlı düşüş gözleniyor. Bu gelişmelerle birlikte, doğal gaz fiyatları Avrupa ve ABD piyasalarının açılışıyla birlikte yeni hareketler yapabilir. NGCUSD paritesi, 1 saatlik grafikte, 2,880 – 2,910 destek seviyesi üzerinde kalarak yukarı yönlü bir seyir izliyor. Bu bölge üzerinde kalıcılık sağlanırsa, yukarı yönlü hareketlerde 3,000 ve 3,040 direnç seviyeleri hedeflenebilir. Parite 2,785 seviyesinde işlem görürken, RSI göstergesi 59,91 seviyesinde ve nötr görünüm sergiliyor. Önceki güne göre değişim %0,001 oranında, yani oldukça sınırlı. Günün devamında 2,880 altına sarkmalar, daha düşük seviyelerin test edilmesini gündeme getirebilir. Destek:2.78 - 2.74 - 2.71 - Direnç:2.82 - 2.85 - 2.88 -
As long as the ounce of gold remains above the 2440-2450 region, the upward trend may continue and it may move towards the 2470 and 2482 levels. The 2470 level in particular plays a critical role in terms of continuing positive expectations. However, if it remains below the 2440-2450 region, negative expectations may come to the fore and pullbacks towards the 2431 and 2425 levels may be observed.
The DAXEUR pair is on a downward trend amid geopolitical risks in the Middle East affecting global stock indices and economic losses in Europe. With the impact of current developments in global markets, the DAX 40 index remains under pressure like other major European indices, while uncertainties over employment data from the US and the Fed's interest rate policies also shape market pricing. In this process, the support provided by China creates a positive divergence in the region, yet it fails to alleviate the selling pressure on Europe's leading economies. In the one-hour time frame, the DAX40 index is trading at the 19013.8 level. Resistance levels are observed at 19146 and 19285, while support zones are noted at 19007 and 18885. The RSI indicator shows a negative outlook at the 43.81 level. The index, reflecting a limited change of 0.03% compared to the previous day, is moving sideways with low volatility. Support:19220 - 19090 - 18995 - Resistance:19350 - 19465 - 19565-
DAXEUR paritesi, küresel borsa endeksleri üzerinde etki yaratan Ortadoğu’daki jeopolitik riskler ve Avrupa’daki ekonomik kayıplarla birlikte düşüş eğiliminde. Küresel piyasalarda mevcut gelişmelerin etkisiyle DAX 40 endeksi, diğer ana Avrupa endeksleri gibi baskı altında kalırken, ABD’den gelen istihdam verileri ve Fed’in faiz politikaları üzerindeki belirsizlikler de piyasa fiyatlamalarını şekillendiriyor. Bu süreçte, Çin’in piyasaya sağladığı destekler, bölgedeki pozitif ayrışmayı sağlarken, Avrupa’nın önde gelen ekonomileri üzerindeki satış baskısını hafifletememekte. Grafikte bir saatlik zaman diliminde analiz edilen DAX40 endeksi, 19013.8 seviyesinde işlem görüyor. 19146 ve 19285 direnç seviyeleri izlenirken, 19007 ve 18885 seviyeleri destek bölgeleri olarak dikkat çekiyor. RSI göstergesi 43.81 seviyesinde negatif bir görünüm sergiliyor. Önceki güne göre yüzde 0.03’lük sınırlı bir değişim gösteren endeks, düşük volatilite ile birlikte yatay bir seyir izliyor. Support:19220 - 19090 - 18995 - Resistance:19350 - 19465 - 19565-
As long as the prices remain at and above the 76.50 - 77.00 support, an upward outlook may be at the forefront. In possible increases, 78.50 and 79.00 levels may be targeted. As long as possible decreases are limited to the 76.50 - 77.00 support, new uptrend potential may occur. Therefore, for the continuation of the downtrend, it may be necessary to see the course below 76.50 and 4-hour closings. In this case, 76.00 and 75.50 levels may come to the agenda.
NDXUSD is attracting attention with limited pricing due to the strong services PMI data announced in the US. The rise in US bond yields and the expectation of a 25 basis point rate cut from the Fed increase the pressure on the Nasdaq100 index. While the positive atmosphere in global markets leads to more optimism, especially in Asian markets, the rate cut expectations remained limited following the employment data released in the US. However, the course of US economic data and bond yields will be decisive for the index's future movements. From a technical perspective, NDXUSD is being examined on a 1-hour chart. Currently trading in the 19900–20150 support zone, if the Nasdaq100 index cannot sustain below 19900, upward movements may target resistance levels at 20250 and 20350. Support levels are listed as 19800 and 19700 below 19900. The RSI indicator is at level 53, exhibiting a neutral outlook. It is trading at 19820, showing a 0.04% decrease compared to yesterday's close. Support:20000 - 19900 - 198004- Resistance:20250 - 20350 - 20500 -
NDXUSD, ABD’de açıklanan güçlü hizmet PMI verileriyle sınırlı fiyatlama yaparak dikkat çekiyor. ABD tahvil faizlerinin yükselmesi ve Fed’in faiz indirimi beklentilerinin 25 baz puan üzerinde yoğunlaşması Nasdaq100 endeksinin üzerindeki baskıyı artırıyor. Küresel piyasalardaki olumlu hava, özellikle Asya piyasalarında daha fazla iyimserliğe neden olurken, ABD’de açıklanan istihdam verilerinin ardından faiz indirimi beklentileri sınırlı kaldı. Bununla birlikte, ABD ekonomik verileri ve tahvil getirilerinin seyri, endeksin gelecekteki hareketleri üzerinde belirleyici olacak. Teknik açıdan, NDXUSD 1 saatlik grafikte inceleniyor. Şu an 19900 – 20150 destek bölgesinde işlem görmekte olan Nasdaq100 endeksi, 19900 altında kalıcılık sağlayamazsa, yukarı yönlü hareketler 20250 ve 20350 direnç seviyelerini hedefleyebilir. Destek seviyeleri ise 19900 altında 19800 ve 19700 olarak sıralanıyor. RSI göstergesi 53 seviyesinde, nötr bir görünüm sergiliyor. Dünkü kapanışa göre %0,04 düşüş göstererek 19820 seviyesinde işlem görüyor. Destek:20000 - 19900 - 19800 - Direnç:20250 - 20350 - 20500-
As long as the prices remain at and above the 80.50 - 81.00 support, an upward outlook may be at the forefront. In possible increases, 82.00 and 82.50 levels may be targeted. As long as possible decreases are limited to the 80.50 - 81.00 support, new uptrend potential may occur. Therefore, for the continuation of the downtrend, it may be necessary to see the course below 80.50 and 4-hour closings. In this case, 80.00 and 79.50 levels may come to the agenda.
Brent crude oil prices are fluctuating based on the increasing tension between Israel and Iran and the trends in European and US stock markets. Particularly, Israel's attacks on Beirut and the US approach towards Iran's strategic facilities are creating uncertainty in the markets. This situation keeps oil prices above the 76.00 - 76.50 support levels and highlights an upward trend. Additionally, the impact of strong US employment data on FED expectations and the positive atmosphere created by stimulus measures in China indirectly affect oil prices. In terms of technical outlook, on the 1-hour chart, Brent crude oil prices are trading at $77.30. For prices maintaining above the 76.00 - 76.50 support range, the targets can be the 78.00 and 78.50 resistance levels. In downward movements, a fall below the 76.00 level could pull prices back to the 75.50 and 75.00 support levels. The RSI indicator is at 67.11, showing a positive trend. A limited decline of 0.02% is observed compared to the previous day. However, it is possible to say that the general trend is positive. Support:77.5 - 77 - 76.5 - Resistance:78 - 78.5 - 79 -
Brent petrol fiyatları, İsrail ile İran arasında artan gerilim ve Avrupa ile ABD borsalarının seyrine bağlı olarak dalgalı bir seyir izliyor. Özellikle İsrail’in Beyrut'a yönelik saldırıları ve İran'ın stratejik tesislerine karşı ABD’nin yaklaşımı piyasalarda belirsizlik yaratmakta. Bu durum, petrol fiyatlarının 76,00 - 76,50 destek seviyeleri üzerinde kalmasını sağlıyor ve yukarı yönlü bir görünümü ön plana çıkarıyor. Bununla birlikte, ABD’nin güçlü istihdam verilerinin FED beklentileri üzerindeki etkileri ve Çin’deki teşvik adımlarının yarattığı olumlu hava da petrol fiyatları üzerinde dolaylı bir etkide bulunuyor. Teknik görünüme geldiğimizde, 1 saatlik grafikte Brent petrol fiyatları 77.30 dolardan işlem görmekte. 76.00 - 76.50 destek aralığının üzerinde tutunan fiyatlar için 78.00 ve 78.50 direnç seviyeleri hedeflenebilir. Aşağı yönlü hareketlerde 76.00 seviyesinin altına düşüş, fiyatları 75.50 ve 75.00 destek seviyelerine çekebilir. RSI göstergesi 67.11 seviyesinde olup pozitif bir eğilim göstermekte. Önceki güne göre %0.02’lik sınırlı bir geri çekilme görülüyor. Ancak, genel trendin pozitif olduğunu söylemek mümkün. Destek:77.5 - 77 - 76.5 - Direnç:78 - 78.5 - 79 -
As long as the NASDAQ100 index limits its declines in the 18440-18525 region, positive expectations may continue and the index may rise towards the 18750 and 18850 levels. However, if permanent pricing occurs below the 18440-18525 region, the downward trend may strengthen and the index may retreat to the 18240 and 18050 levels. In this case, the 18240 level should be monitored as a critical support point for the continuation of the decline.
WTI crude oil prices are trading in a narrow range under the influence of geopolitical tensions in the Middle East. Volatility has increased with the reflection of the conflicts between Israel and Iran on the energy markets. Developments in European and US markets are also expected to impact oil prices. As long as prices remain above the 72.00 – 72.50 support, a shortterm upward outlook may be maintained, but drops below this level could bring lower levels into focus. In the chart, WTIUSD is being analyzed on the 1-hour timeframe. The price is gaining upward momentum by moving above the EMA 50 (72.51). In downward movements, the EMA 100 (71.73) and EMA 200 (71.00) levels can be monitored as support. Resistance levels stand out as 74.50 and 75.00. The RSI indicator is at 65.85, displaying a positive outlook. The change compared to the previous day is approximately 0.01%. The current price is at the 74.08 level. Support:73.5 - 73 - 72.5 - Resistance:74.5 - 75 - 75.5 -
WTI ham petrol fiyatları, Orta Doğu'daki jeopolitik gerilimlerin etkisi altında dar bir bantta işlem görüyor. İsrail ve İran arasındaki çatışmaların enerji piyasalarına yansımasıyla volatilite artmış durumda. Avrupa ve ABD piyasalarındaki gelişmelerin de petrol fiyatları üzerinde etkili olması bekleniyor. 72,00 – 72,50 desteği üzerinde kalındığı sürece kısa vadede yukarı yönlü bir görünüm korunabilir, ancak bu seviye altına düşüşler daha düşük seviyeleri gündeme getirebilir. Grafikte WTIUSD 1 saatlik zaman diliminde incelenmektedir. Fiyat, EMA 50'nin (72.51) üzerinde seyrederek yukarı yönlü ivme kazanıyor. Aşağı yönlü hareketlerde EMA 100 (71.73) ve EMA 200 (71.00) seviyeleri destek olarak izlenebilir. Direnç seviyeleri olarak 74,50 ve 75,00 ön plana çıkıyor. RSI göstergesi 65,85 seviyesinde ve pozitif bir görünüm sergiliyor. Bir önceki güne göre değişim yaklaşık %0,01 oranında. Güncel fiyat 74,08 seviyesindedir. Destek:73.5 - 73 - 72.5 - Direnç:74.5 - 75 - 75.5 -
Ahead of the US CPI data, according to CME FedWatch data, the possibility of a 100 basis point rate cut by the end of the year is being priced in. The probability of a 25 basis point rate cut in September stands out with 50.5%. The latest employment data has increased the pressure on the Fed to cut interest rates, and the CPI data may be decisive in determining whether this pressure will continue. The CPI data can have significant effects on indicators such as the Dollar Index, US Treasury Bond Rates and the VIX, which can lead to sudden and volatile changes in financial markets. The ZEW Economic Sentiment from Germany and the Producer Price Index (PPI) from the US are also important data to follow today. Although the European indices started the week with some optimism, the Dax40 index has not yet moved into positive territory. The main indicator of the index is the 18310 level, and as long as it remains below this level, the negative outlook continues. However, whether the reaction purchases will continue with the recent increases can be monitored through the intermediate resistance level in the 17985 – 18082 region.
In recent times, gold prices have found support due to increased geopolitical risk perception and a strong demand for safe haven assets. Although there is a limited pressure on gold following the rise in the dollar index, factors like the Israel-Iran tension are helping the precious metal recover. Additionally, U.S. data on hourly earnings, unemployment rate, and non-farm payroll changes expected during the day could influence the metal's direction. In light of these uncertainties, gold investors are monitoring whether prices can hold in the 2640 - 2650 range; staying above this level could lead to a positive trend, while going below could bring declines back into focus. Technically, the chart is on a 1-hour timeframe. Gold is currently trading at the 2666 level. Support areas are monitored at 2640 and 2630, and upward resistance levels are identified at 2670 and 2680. The RSI indicator is at 66.66, showing a positive outlook. Today, it has seen a 0.11% decrease compared to the previous close. These data suggest that gold is under upward technical pressure and has the potential to rise above the 2670 level in the short term. Support:2640 - 2630 - 2620 - Resistance:2660 - 2670 - 2680-
Ons altın, son dönemde jeopolitik risk algısının artması ve güvenli liman talebinin yüksek seyretmesi ile destek buluyor. Dolar endeksinde görülen yükselişin ardından ons altın üzerinde sınırlı bir baskı oluşsa da, İsrail-İran gerilimi gibi etmenler kıymetli metalin toparlanmasını sağlıyor. Ayrıca, gün içerisinde ABD’den gelecek saatlik kazançlar, işsizlik oranı ve tarım dışı istihdam değişimi verileri metalin yönü üzerinde etkili olabilir. Bu belirsizlikler ışığında, altın yatırımcıları fiyatların 2640 - 2650 bölgesinde tutunup tutunamayacağını takip ediyor; bu seviyenin üzerinde kalınması pozitif eğilim doğurabilirken, altına inilirse düşüşler yeniden gündeme gelebilir. Teknik açıdan incelendiğinde, grafik 1 saatlik zaman dilimindedir. Altın şu anda 2666 seviyesinden işlem görüyor. Destek bölgeleri 2640 ve 2630 olarak izleniyor, yukarı yönlü direniç seviyeleri ise 2670 ve 2680 olarak belirlenmiş. RSI göstergesi 66.66 seviyesinde ve pozitif bir görünüm sergiliyor. Bugün önceki kapanışına göre %0.11 oranında bir değer kaybı yaşadı. Bu veriler, altının teknik olarak yukarı yönlü baskı altında olduğunu ve kısa vadede 2670 seviyesi üzerine çıkma potansiyeline sahip olabileceğini gösteriyor. Destek:2640 - 2630 - 2620 - Direnç:2660 - 2670 - 2680-
On a day when emerging market currencies are diverging against the US Dollar, the Turkish Lira is showing relatively weak performance. While the USD/TRY pair maintains its desire to move upward in the short term, it continues to exhibit a positive outlook throughout the day. The latest economic data from the US exceeding expectations has created a stable outlook in the markets, with optimism prevailing in Asia. Stimulus measures from China and strong employment data in the US have supported market activity. However, uncertainty about the Fed's potential interest rate cuts persists. In the 4-hour chart, USD/TRY is trading above the support level of 34.02. In upward movements, the levels of 34.31 and 34.37 stand out as resistance points. The RSI indicator is at 61.02, displaying a positive trend. The pair showed very little change compared to the previous day, recording a decrease of 0.01%. The current price is hovering around 34.27. Support:34.17 - 34.06 - 33.96 - Resistance:34.28 - 34.34 - 34.41-
USD/TRY paritesi, gelişmekte olan ülke para birimlerinin ABD Doları karşısında farklılaştığı bir günde, Türk Lirası görece zayıf performans sergiliyor. Parite, kısa vadede yukarı yönde hareket etme isteğini korurken, gün içerisinde pozitif görünümü devam ettiriyor. ABD'den gelen son ekonomik verilerin beklentilerin üzerinde gelmesi, piyasalarda istikrarlı bir görünüm oluştururken, Asya'da iyimserlik hakim. Çin'den gelen teşvik adımları ve ABD'deki güçlü istihdam verileri, piyasalardaki hareketliliği destekledi. Bununla birlikte, Fed'in olası faiz indirimi hakkındaki belirsizlik sürüyor. 4 saatlik grafikte USD/TRY, 34,02 seviyesindeki destek üzerinde işlem görüyor. Yukarı yönlü hareketlerde 34,31 ve 34,37 seviyeleri direnç noktaları olarak ön plana çıkıyor. RSI göstergesi 61,02 seviyesinde olup, pozitif bir eğilim sergiliyor. Parite, önceki güne göre çok az bir değişim göstererek %0,01 düşüş kaydetti. Güncel fiyat ise 34,27 seviyelerinde seyrediyor. Destek:34.17 - 34.06 - 33.96 - Direnç:34.28 - 34.34 - 34.41-
In terms of the GBP/USD pair, the impact of global developments has been observed following the U.S. employment data announced last week. Uncertainty about whether the Fed will continue its interest rate cut policy for the rest of the year remains one of the main factors causing fluctuations in the pair. The positive outlook in the Dollar Index helps maintain the dollar's strength, which could lead to continued pressure on GBP/USD. The effects of upcoming Fed meetings and economic data from the U.S. and UK should be monitored carefully. Technically, on the 4-hour chart, the GBP/USD pair is trading at the level of 1.3117. The 1.3080 and 1.3030 levels are gaining importance as support. In upward movements, the 1.3220 and 1.3265 levels can be observed as resistance. The RSI indicator is at 34, showing a negative outlook. Compared to the previous day, there has been a slight depreciation of 0.01% in the pair. Currently at the 1.3117 level, if the pair falls below the 1.3080 support, downward pressure may increase further. Support:1.308 - 1.303 - 1.299 - Resistance:1.3135 - 1.318 - 1.322 -
GBP/USD paritesi açısından küresel gelişmelerin etkisi geçen hafta açıklanan ABD istihdam verilerinin ardından gözlemleniyor. Fed'in yılın geri kalanında faiz indirimi politikasını sürdürüp sürdürmeyeceği konusundaki belirsizlik, paritenin dalgalanmasına neden olan ana faktörler arasında yer alıyor. Dolar Endeksi’ndeki pozitif görünüm, doların gücünü korumasını sağlarken, bu durum GBP/USD üzerindeki baskının devamına yol açabilir. Özellikle Fed’in yaklaşan toplantıları, ABD ve İngiltere’den gelecek ekonomik verilerin etkisi dikkatle izlenmelidir. Teknik olarak, 4 saatlik grafikte GBP/USD paritesi 1.3117 seviyesinden işlem görüyor. Destek olarak 1.3080 ve 1.3030 seviyeleri önem kazanmaktadır. Yukarı yönlü hareketlerde ise 1.3220 ve 1.3265 seviyeleri direnç olarak izlenebilir. RSI göstergesi 34 seviyesinde ve negatif bir görünüm sergiliyor. Önceki güne göre paritede %0.01 oranında hafif bir değer kaybı yaşanmış durumda. Halihazırda 1.3117 seviyesinde olan parite, 1.3080 desteğinin altına sarkarsa aşağı yönlü baskı daha da artabilir. Destek:1.308 - 1.303 - 1.299 - Direnç:1.3135 - 1.318 - 1.322 -
The EUR/USD pair is finding direction under the influence of the U.S. Federal Reserve's interest rate policies and economic data coming from the U.S. While uncertainties regarding the Fed's interest rate cuts persist, the U.S. CPI data to be announced this week and the UK growth figures could be decisive in the pair's course. Attempts by the Dollar Index to shift from a negative trend to a positive outlook continue to exert pressure on the EUR/USD. Technically, on the 4-hour chart, the EUR/USD pair is trading below the moving averages in the 1.1040 – 1.1100 range. The current price is at the 1.0957 level. As the pair continues its downward pressure, the support levels of 1.0940, 1.0905, and 1.0870 may be monitored. The RSI indicator is at the 26.36 level and is close to the oversold zone, displaying a negative outlook. The pair showed a 0.03% change compared to the previous day. In case of recovery, it should be noted that sustainability above the averages must be achieved initially. Support:1.094 - 1.0905 - 1.087 - Resistance:1.099 - 1.104 - 1.11 -
EUR/USD paritesi, ABD Merkez Bankası Fed’in faiz politikaları ve ABD’den gelen ekonomik verilerin etkisi altında yön buluyor. Fed’in faiz indirimine yönelik belirsizlikler devam ederken, bu hafta açıklanacak ABD TÜFE verisi ile İngiltere büyüme rakamları paritenin seyrinde belirleyici olabilir. Dolar Endeksi’nin negatif trendden pozitif görünüme geçme girişimleri de EUR/USD üzerinde baskı kurmaya devam ediyor. Teknik olarak, 4 saatlik grafikte EUR/USD paritesi, 1.1040 – 1.1100 bölgesindeki hareketli ortalamaların altında işlem görüyor. Mevcut fiyat 1.0957 seviyesinde bulunuyor. Parite, aşağı yönlü baskıya devam ederken 1.0940, 1.0905 ve 1.0870 destek seviyeleri izlenebilir. RSI göstergesi 26.36 seviyesinde ve aşırı satım bölgesine yakın, negatif bir görünüm sergiliyor. Parite önceki güne göre %0.03’lük bir değişim gösterdi. Toparlanma durumunda ise öncelikle ortalamaların tekrar üzerinde kalıcılık sağlanması gerektiği unutulmamalıdır. Destek:1.094 - 1.0905 - 1.087 - Direnç:1.099 - 1.104 - 1.11 -
U.S. natural gas futures continue to rise as inventory increases do not meet forecasts and demand expectations grow. The positive trend in Asian markets is also noteworthy this new week. While the uncertainty regarding a Fed rate cut persists following strong U.S. employment data last week, there is a limited decline in the U.S. dollar. With these developments, natural gas prices may see new movements with the opening of European and U.S. markets. The NGCUSD pair is maintaining an upward trend on the 1-hour chart by staying above the 2.880 – 2.910 support level. If it remains stable above this area, the resistance levels of 3.000 and 3.040 may be targeted in upward movements. The pair is trading at the 2.785 level, and the RSI indicator shows a neutral outlook at 59.91. The change compared to the previous day is a minimal 0.001%, indicating a very limited range. Any dips below 2.880 throughout the day could bring lower levels into focus for testing. Support:2.71 - 2.675 - 2.65 - Resistance:2.78 - 2.82 - 2.85 -
ABD doğal gaz vadeli işlemleri, stok artışlarının tahminleri karşılamaması ve artan talep beklentileri ile yükselmeye devam ediyor. Yeni haftada Asya piyasalarının pozitif seyri de dikkat çekiyor. Geçtiğimiz hafta gelen güçlü ABD istihdam verileri ardından Fed'in faiz indirimi konusundaki belirsizlik sürerken, ABD dolarında sınırlı düşüş gözleniyor. Bu gelişmelerle birlikte, doğal gaz fiyatları Avrupa ve ABD piyasalarının açılışıyla birlikte yeni hareketler yapabilir. NGCUSD paritesi, 1 saatlik grafikte, 2,880 – 2,910 destek seviyesi üzerinde kalarak yukarı yönlü bir seyir izliyor. Bu bölge üzerinde kalıcılık sağlanırsa, yukarı yönlü hareketlerde 3,000 ve 3,040 direnç seviyeleri hedeflenebilir. Parite 2,785 seviyesinde işlem görürken, RSI göstergesi 59,91 seviyesinde ve nötr görünüm sergiliyor. Önceki güne göre değişim %0,001 oranında, yani oldukça sınırlı. Günün devamında 2,880 altına sarkmalar, daha düşük seviyelerin test edilmesini gündeme getirebilir. Destek:2.71 - 2.675 - 2.65 - Direnç:2.78 - 2.82 - 2.85 -
The DAXEUR pair is on a downward trend due to geopolitical risks in the Middle East and economic losses in Europe, impacting global stock indices. As a result of current developments in global markets, the DAX 40 index, like other major European indices, is under pressure, while uncertainties over employment data from the US and the Fed's interest rate policies are also shaping market pricing. During this period, the support provided by China to the market is leading to positive differentiation in the region but is unable to alleviate the selling pressure on Europe's leading economies. The DAX40 index, analyzed on an hourly timeframe, is trading at the level of 19013.8. Resistance levels at 19146 and 19285 are being monitored, while 19007 and 18885 are noted as support zones. The RSI indicator displays a negative outlook at the level of 43.81. The index shows a limited change of 0.03% compared to the previous day, following a horizontal trend with low volatility. Support:18995 - 18885 - 18780 - Resistance:19250 - 19350 - 19465-
DAXEUR paritesi, küresel borsa endeksleri üzerinde etki yaratan Ortadoğu’daki jeopolitik riskler ve Avrupa’daki ekonomik kayıplarla birlikte düşüş eğiliminde. Küresel piyasalarda mevcut gelişmelerin etkisiyle DAX 40 endeksi, diğer ana Avrupa endeksleri gibi baskı altında kalırken, ABD’den gelen istihdam verileri ve Fed’in faiz politikaları üzerindeki belirsizlikler de piyasa fiyatlamalarını şekillendiriyor. Bu süreçte, Çin’in piyasaya sağladığı destekler, bölgedeki pozitif ayrışmayı sağlarken, Avrupa’nın önde gelen ekonomileri üzerindeki satış baskısını hafifletememekte. Grafikte bir saatlik zaman diliminde analiz edilen DAX40 endeksi, 19013.8 seviyesinde işlem görüyor. 19146 ve 19285 direnç seviyeleri izlenirken, 19007 ve 18885 seviyeleri destek bölgeleri olarak dikkat çekiyor. RSI göstergesi 43.81 seviyesinde negatif bir görünüm sergiliyor. Önceki güne göre yüzde 0.03’lük sınırlı bir değişim gösteren endeks, düşük volatilite ile birlikte yatay bir seyir izliyor. Destek:18995 - 18885 - 18780 - Direnç:19250 - 19350 - 19465-
NDXUSD is attracting attention with limited pricing following the strong services PMI data released in the US. The rise in US bond yields and the concentration of Fed rate cut expectations above 25 basis points increase the pressure on the Nasdaq100 index. The positive atmosphere in global markets leads to more optimism, especially in Asian markets, while rate cut expectations remained limited after the employment data released in the US. However, US economic data and the course of bond yields will be decisive on the future movements of the index. Technically, NDXUSD is being analyzed on the 1-hour chart. Currently trading in the 19900 – 20150 support zone, if the Nasdaq100 index fails to maintain stability below 19900, upward movements could target the 20250 and 20350 resistance levels. The support levels are listed as 19800 and 19700 below 19900. The RSI indicator shows a neutral outlook at 53. It is trading at 19820, showing a 0.04% decrease compared to yesterday's close. Support:19900 - 19800 - 19700 - Resistance:20150 - 20250 - 20350 -
NDXUSD, ABD’de açıklanan güçlü hizmet PMI verileriyle sınırlı fiyatlama yaparak dikkat çekiyor. ABD tahvil faizlerinin yükselmesi ve Fed’in faiz indirimi beklentilerinin 25 baz puan üzerinde yoğunlaşması Nasdaq100 endeksinin üzerindeki baskıyı artırıyor. Küresel piyasalardaki olumlu hava, özellikle Asya piyasalarında daha fazla iyimserliğe neden olurken, ABD’de açıklanan istihdam verilerinin ardından faiz indirimi beklentileri sınırlı kaldı. Bununla birlikte, ABD ekonomik verileri ve tahvil getirilerinin seyri, endeksin gelecekteki hareketleri üzerinde belirleyici olacak. Teknik açıdan, NDXUSD 1 saatlik grafikte inceleniyor. Şu an 19900 – 20150 destek bölgesinde işlem görmekte olan Nasdaq100 endeksi, 19900 altında kalıcılık sağlayamazsa, yukarı yönlü hareketler 20250 ve 20350 direnç seviyelerini hedefleyebilir. Destek seviyeleri ise 19900 altında 19800 ve 19700 olarak sıralanıyor. RSI göstergesi 53 seviyesinde, nötr bir görünüm sergiliyor. Dünkü kapanışa göre %0,04 düşüş göstererek 19820 seviyesinde işlem görüyor. Destek:19900 - 19800 - 19700 - Direnç:20150 - 20250 - 20350 -
WTI oil prices started the week with a decline, influenced by potential Israeli strikes on Iran and China's uncertain stimulus announcements regarding the real estate sector. The trend of European and US stock markets is significant in terms of the direction of oil prices. Prices remaining below the 74.00 – 74.50 resistance supports a downward outlook, with 73.50 and 73.00 levels as potential targets in case of declines. In possible recoveries, if stability above 74.50 is not achieved, the potential for a new downturn may continue. Evaluated on the hourly time frame on the chart, crude oil prices are trading below the 74.50 level. The resistance levels of 74.50, 75.00, and 75.50 are monitored above, while the support levels of 73.50, 73.00, and 72.50 are followed below. The RSI indicator is displaying a negative outlook at the 44 level, and there has been a 0.21% decrease in prices compared to the previous day. The current price is trading at the 70.89 level. Support:69.5 - 69 - 68.5 - Resistance:71 - 71.5 - 72 -
WTI petrol fiyatları haftaya düşüşle başladı, İsrail’in İran’a potansiyel saldırısı ve Çin’in emlak sektörüyle ilgili belirsiz teşvik açıklamaları piyasaları etkiliyor. Avrupa ve ABD borsalarının seyri, petrol fiyatlarının yönü açısından önem arz ediyor. Fiyatlamaların 74,00 – 74,50 direnci altında kalması, aşağı yönlü görünümü desteklerken; 73,50 ve 73,00 seviyeleri olası düşüşlerde hedeflenebilir. Olası toparlanmalarda ise 74,50 üzerinde kalıcılık sağlanmadıkça yeni düşüş potansiyeli devam edebilir. Grafikte saatlik zaman diliminde değerlendirilen ham petrol fiyatları, 74,50 seviyesi altında seyrediyor. Yukarıda 74,50, 75,00 ve 75,50 direnç seviyeleri izlenirken, aşağıda 73,50, 73,00 ve 72,50 destek seviyeleri takip ediliyor. RSI göstergesi 44 seviyesinde negatif bir görünüm sergiliyor ve bir önceki güne göre fiyatlarda %0,21’lik bir düşüş gerçekleşmiş durumda. Güncel fiyat ise 70.89 seviyesinden işlem görüyor. Destek:69.5 - 69 - 68.5 - Direnç:71 - 71.5 - 72 -
In the United States, while the PPI data cooled, the firmness in the core data led to the strengthening of the Dollar index, putting pressure on the rise of gold. On the other hand, increasing geopolitical risks in the Middle East provided support for gold prices. The market dynamics can be monitored again with the speech of FOMC member Waller. The short-term outlook for gold is maintaining an upward trend, fluctuating above the 2630 – 2640 region. The levels 2660 and 2670 are emerging as resistance points to be watched for continued upward movement. However, if gold remains below the 2630 – 2640 region, it could highlight a negative situation, leading to pullbacks to the 2620 and 2610 levels. From a technical analysis perspective, in the 1-hour chart, gold prices are trending upward. Support levels are being monitored at 2650, 2640, and 2630. Resistance levels are determined to be 2660, 2670, and 2680. The RSI indicator is at 67.59, showing a positive trend. Compared to the previous day, gold has seen a 0.02% increase, with the current price around 2663.47. Support:2660 - 2650 - 2640 - Resistance:2670 - 2680 - 2690 -
ABD'de ÜFE verisinin soğumasına rağmen çekirdek verideki katılık, Dolar endeksinin güçlenmesine yol açarken, ons altının yükselişlerini baskıladı. Diğer yandan, Orta Doğu'daki jeopolitik risklerin artması altının fiyatlarına destek sağladı. FOMC üyesi Waller'ın konuşmasıyla birlikte piyasa dinamikleri tekrar izlenebilir. Ons altının kısa vadeli görünümü, 2630 – 2640 bölgesi üzerinde dalgalanarak yükseliş eğilimini sürdürüyor. 2660 ve 2670 seviyeleri yükselişin devamında izlenecek direnç noktaları olarak ön plana çıkıyor. Ancak, ons altının 2630 – 2640 bölgesi altına kalıcılığı, negatif bir durumun öne çıkmasına neden olabilir, bu da 2620 ve 2610 seviyelerine geri çekilmeleri getirebilir. Teknik analiz perspektifinden, 1 saatlik grafikte ons altın fiyatları yukarı yönlü bir seyir izlemektedir. Destek seviyeleri 2650, 2640 ve 2630 seviyelerinde takip ediliyor. Direnç seviyeleri ise 2660, 2670 ve 2680 olarak belirlenmiş durumda. RSI göstergesi 67.59 seviyesinde olup pozitif bir eğilim sergiliyor. Önceki güne göre %0.02 artış gösteren ons altının güncel fiyatı 2663.47 civarındadır. Destek:2660 - 2650 - 2640 - Direnç:2670 - 2680 - 2690 -
The USD/TRY pair is being monitored as a reflection of the performance of emerging market currencies against the US Dollar throughout the day. While the Turkish Lira presents a weak outlook, the USD/TRY rate is trading close to the 34.27 level. Mixed conditions in Asian and European markets and economic data create indirect effects on the pair, while the pressure on the TL is observed to persist. When examining the 4-hour chart, the USD/TRY pair is trying to stay above the 34.17 support, and resistance levels at 34.30 and 34.37 can be monitored during upward movements. The RSI indicator is at 52, showing a neutral trend. There has been a slight increase of 0.03% in the pair over the last 24 hours. The current price is at the 34.26 level. Support:34.16 - 34.06 - 33.96 - Resistance:34.3 - 34.37 - 34.41 -
USD/TRY paritesi, gün boyu gelişmekte olan ülke para birimlerinin ABD Doları karşısında sergilediği performansın bir yansıması olarak izleniyor. Türk Lirası, zayıf bir görünüm sergilerken USD/TRY kuru 34,27 seviyesine yakın işlem görüyor. Asya ve Avrupa piyasalarındaki karışık görünüm ve ekonomik veriler parite üzerinde dolaylı etkiler yaratırken, TL üzerindeki baskının sürdüğü gözlemleniyor. 4 saatlik grafik incelendiğinde, USD/TRY paritesi 34,17 desteği üzerinde kalmaya çalışıyor ve yukarı yönlü hareketlerde 34,30 ile 34,37 seviyeleri direnç olarak izlenebilir. RSI göstergesi 42 seviyesinde bulunmakta ve nötr bir eğilim göstermektedir. Son 24 saatte paritede %0,03'lük hafif bir artış gözlemlenmiştir. Güncel fiyat 34,26 seviyesindedir. Destek:34.16 - 34.06 - 33.96 - Direnç:34.3 - 34.37 - 34.41 -
Among the significant developments that global markets are focusing on are the ECB interest rate decision and the UK Consumer Price Index. Uncertainties regarding the UK economy and retail sales data from the US may impact the GBP/USD pair. Whether the dollar index remains above the 233-day average could shape short-term movements in the pair. These factors, which exert pressure on the British pound, seem likely to continue to be decisive in the pair's trajectory. From a technical perspective, the GBP/USD pair is experiencing pressure below the 1.3180 level on the 4-hour chart. The current price is moving around the 1.3040 level. Support levels are at 1.3030, 1.2990, and 1.2945, while resistances are found at 1.3080, 1.3135, and 1.3180 levels. The RSI indicator is at 41.76, presenting a negative outlook. The pair showed a slight decrease of 0.04% compared to the previous day. In light of this technical data, how the pair will trend in the short term should be closely monitored by investors. Support:1.303 - 1.299 - 1.2945 - Resistance:1.308 - 1.3135 - 1.318 -
ABD ve ECB'deki para politikası hareketleri, swap piyasası fiyatlamasıyla ön planda kalmaya devam ederken, bu durum GBPUSD paritesinin genel eğilimini etkiliyor. ECB'nin yaklaşan faiz indirimine yönelik beklentiler, özellikle ECB Başkanı Lagarde'dan gelecek olası yönlendirmelerle birlikte piyasanın odağında. İngiltere'de takip edilen TÜFE verileri ve Euro Bölgesi'nden gelecek Lagarde konuşmasının forex piyasalarında dalgalanmalara yol açabileceği unutulmamalı. Amerikan Doları'nın güçlenme çabalarına rağmen, 233 günlük ortalama üzerinde tutunamadığı sürece parite üzerindeki etkisi sınırlı kalabilir. 4 saatlik grafikte GBPUSD paritesi 100 periyotluk hareketli ortalamanın altında, 1.3135 direnci yakınlarında işlem görüyor. 1.3030, 1.2990 ve 1.2945 seviyeleri destek olarak izlenebilirken, yukarı yönlü hareketlerde 1.308, 1.3135 ve 1.318 direnç seviyeleri önemli. RSI göstergesi 54 seviyesinde ve piyasa nötr bir görünüm sergiliyor. Günlük değişim %0.002 oranında minimal bir düşüş gösterirken, güncel fiyat 1.3079 seviyesinde. Paritenin yukarı yönlü bir hareketlenme başlatması için 1.3135 üzerinde kalıcı bir hareket görmemiz gerekebilir. Ancak, baskının devam etmesi durumunda daha düşük destek seviyelerine doğru hareketler izlenebilir. Destek:1.303 - 1.299 - 1.2945 - Direnç:1.308 - 1.3135 - 1.318 -
The EURUSD pair is trying to find direction with expectations regarding the interest rate policies of the Fed and ECB. The ECB is expected to cut rates by 25 basis points at its meeting on Thursday. President Lagarde's statements could provide important signals regarding the ECB’s future monetary policy roadmap. In this context, a scenario where pressure on the Euro could increase and the Dollar could gain strength might be considered. Particularly, the UK’s CPI data and statements from ECB officials should also be closely monitored. From a technical analysis perspective, the EURUSD pair is weak below the 1.094 resistance level on the 4-hour chart. In downward movements, the levels of 1.087, 1.083, and 1.078 can be monitored as important support areas. The RSI indicator is at the level of 36, exhibiting a negative outlook. With no change from the previous day, the pair is currently at the level of 1.0889. An upward pressure might increase with a potential move above 1.094, but it is considered that the negative outlook could be maintained unless the strong resistance at the level of 1.1042 is breached. Support:1.087 - 1.083 - 1.078 - Resistance:1.094 - 1.099 - 1.104 -
EURUSD paritesi, Fed ve ECB'nin faiz politikalarına dair beklentilerle yön bulmaya çalışıyor. ECB'nin Perşembe günü gerçekleştireceği toplantıda 25 baz puan faiz indirimine gitmesi bekleniyor. Başkan Lagarde’ın açıklamaları, ECB’nin gelecekteki para politikası yol haritasına dair önemli sinyaller verebilir. Bu bağlamda, Euro üzerindeki baskının artabileceği, Doların güç kazanabileceği bir senaryo düşünülebilir. Özellikle İngiltere'nin TÜFE verileri ve ECB yetkililerinin yapacağı açıklamalar da dikkatle takip edilmelidir. Teknik analiz açısından EURUSD paritesi 4 saatlik grafikte, 1.094 direnç seviyesi altında zayıf seyrediyor. Aşağı yönlü hareketlerde sırasıyla 1.087, 1.083 ve 1.078 seviyeleri destek olarak önemli bölgeler olarak izlenebilir. RSI göstergesi 36 seviyesinde, negatif bir görünüm sergiliyor. Önceki güne göre yüzde 0.00 değişiklikle, parite şu anda 1.0889 seviyesinde bulunmaktadır. 1.094 üzerindeki olası bir hareketle yukarı yönlü baskı artabilir ancak 1.1042 seviyesindeki güçlü direnç aşılmadıkça negatif görünümün korunabileceği düşünülüyor. Destek:1.087 - 1.083 - 1.078 - Direnç:1.094 - 1.099 - 1.104 -
U.S. natural gas futures remain under pressure due to forecasts that the Milton Hurricane in Florida, which caused power outages, is weakening demand, and expectations of mild weather conditions will have a similar effect. Additionally, the performance of the European and U.S. markets could also influence the markets. As long as the pricing remains below the resistance zone of 2.505 – 2.540, a downward trend may continue. Specifically, the levels of 2.440 and 2.410 could be targets for downward movements. When analyzed on a 1-hour timeframe chart, the price is significantly below the 50-period moving average at the 2.447 level. If the downward movement continues, the support levels of 2.33 and 2.3 may be of importance, while resistance points of 2.38 and 2.41 should be monitored in upward recoveries. In the relevant timeframe, the natural gas price stands at 2.390 USD, which is a lower level compared to the previous day. Support:2.33 - 2.3 - 2.275 - Resistance:2.38 - 2.41 - 2.44 -
ABD doğal gaz vadeli işlemleri, Florida’da gerçekleşen Milton Kasırgası’nın elektrik kesintilerine yol açarak talebi zayıflatması ve beklenen ılıman hava koşullarının da benzer bir etki yaratacağı öngörüleriyle baskı altında kalmaya devam ediyor. Buna ek olarak, Avrupa ve ABD borsalarının seyri de piyasalarda etkili olabilir. Fiyatlamalar, 2,505 – 2,540 direnç bölgesinin altında kaldığı sürece aşağı yönlü bir eğilim devam edebilir. Özellikle 2,440 ve 2,410 seviyeleri aşağı yönlü hareketlerin hedefleri olabilir. Grafik, 1 saatlik zaman diliminde incelendiğinde, fiyat 2.447 seviyesindeki 50 periyotluk hareketli ortalamanın oldukça altında seyrediyor. Aşağı yönlü hareket devam ederse 2.33 ve 2.3 destek seviyeleri önem arz edebilirken, yukarı yönlü toparlanmalarda 2.38 ve 2.41 direnç noktaları izlenmelidir. İlgili zaman diliminde, doğal gaz fiyatı 2.390 USD seviyesindedir, bu da önceki güne göre düşük bir seviyedir. Destek:2.33 - 2.3 - 2.275 - Direnç:2.38 - 2.41 - 2.44 -
The DAX 40 index is influenced by developments stemming from China and the Middle East, which the global markets are focusing on. Expectations of an interest rate cut by the European Central Bank and statements from Fed officials provide clues about the direction of monetary policies, and the index is observed to be on a positive trajectory in this context. In an environment where inflation still remains above the target, new peaks are being tested, and investors are carefully monitoring market trends. According to the technical outlook, the DAX 40 index continues its recent movements on the hourly chart. The index has significant support at the 19,660 level, and as long as it does not drop below this level, a positive outlook can be maintained, followed by the 19,545 and 19,465 levels. In upward movements, the 19,755 and 19,850 resistance levels are monitored. The RSI indicator is at 68.28, supporting the positive trend. The current price of the DAX 40 is at the 19592 level. Support:19545 - 19465 - 19350 - Resistance:19660 - 19755 - 19850-
DAX 40 endeksi, küresel piyasaların odaklandığı Çin ve Orta Doğu kaynaklı gelişmelerin etkisi altında kalıyor. Avrupa Merkez Bankası'nın faiz indirimi beklentileri ve Fed yetkililerinin açıklamaları, para politikalarının yönüne dair ipuçları sağlarken, endeksin bu kapsamda olumlu bir seyir izlediği gözlemleniyor. Enflasyonun hala hedefin üzerinde seyrettiği ortamda, yeni zirveler test ediliyor ve yatırımcılar dikkatlice piyasa trendlerini izliyor. Teknik görünüme göre, DAX 40 endeksi saatlik grafikte son hareketlerini sürdürmektedir. Endeksin 19660 seviyesinde önemli bir desteği bulunuyor ve bu seviyenin altına sarkılmadığı sürece pozitif görünüm korunabilir, sonrasında 19545 ve 19465 seviyeleri öne çıkıyor. Yükselişlerde ise 19755 ve 19850 direnç seviyeleri izleniyor. RSI indikatörü 43 seviyesinde. Güncel fiyat olarak DAX 40, 19592 seviyesinde bulunuyor. Destek:19545 - 19465 - 19350 - Direnç:19660 - 19755 - 19850-
The NASDAQ100 index is showing a positive trend, approaching peak levels due to the positive impact of earnings season and the rise in technology sector stocks. Nvidia's strong performance contributes to this rise in the index. Among the factors determining the direction of the index is the Empire State manufacturing index. In the daily trading range, the index's persistence above the 20350 – 20500 support zone could support the continuation of the upward trend. However, if the index falls below this zone, pullbacks towards the 20250 and 20150 levels may occur. In technical analysis, support for NASDAQ100 on the hourly chart is observed at the levels of 20500, 20350, and 20250. Resistance levels in upward movements are determined as 20650, 20750, and 20900, respectively. The RSI indicator is at 62, indicating a positive trend. The index, which experienced a 0.01% decline compared to the previous day, has a current price level of 20450. Based on these evaluations, it can be said that staying within the identified support zones is crucial for NASDAQ100 to maintain its upward momentum. Support:20250 - 20150 - 20000- Resistance:20500 - 20650 - 20750 -
NASDAQ100 endeksi, bilanço sezonunun olumlu etkisi ve teknoloji sektörü hisselerinin yükselişiyle zirve seviyelere yaklaşarak olumlu bir seyir izliyor. Nvidia'nın güçlü performansı, endeksin bu yükselişine katkı sağlıyor. Genel olarak, endeksin yönünü belirleyen faktörler arasında Empire State imalat endeksi de bulunmakta. Günlük işlem aralığında, endeksin 20350 – 20500 destek bölgesinin üzerinde kalıcılığı, yükseliş trendinin devamını destekleyebilir. Ancak endeksin bu bölgenin altına inmesi durumunda, 20250 ve 20150 seviyelerine doğru geri çekilmeler görülebilir. Teknik analizde NASDAQ100 için saatlik grafikte destek 20500, 20350 ve 20250 seviyelerinde izleniyor. Yukarı yönlü hareketlerde direnç seviyeleri sırasıyla 20650, 20750 ve 20900 olarak belirlenmiş durumda. RSI göstergesi 62 seviyesinde olup pozitif bir eğilim sergiliyor. Önceki güne göre yüzde 0.01'lik bir düşüş yaşayan endeksin, güncel fiyatı 20450 seviyesinde. Bu değerlendirmelerle, NASDAQ100'ün yükseliş eğilimini sürdürebilmesi için belirlenen destek bölgelerinde kalıcılığın önem taşıdığı söylenebilir. Destek:20250 - 20150 - 20000- Direnç:20500 - 20650 - 20750 -
Brent crude is under pressure due to claims of Israel's military operations against Iran and the expectation of a decline in OPEC's demand forecasts. While news flows from the Middle East continue to create volatility in the oil markets, fluctuations in European and US stock exchanges are also being observed. The effects on technology stocks in the US have also reflected in the Asian session. This situation, particularly along with the US export restrictions and Trump's statements on import tariffs, could negatively affect future demand expectations. On the policy front, tomorrow's European Central Bank monetary policy statement will be noteworthy. Technically, Brent crude is testing the 74.50 support on the hourly chart. In the continuation of the downward movement, levels of 74.00 and 73.50 may be monitored. As long as it remains below the 76.00 – 76.50 resistance zone, the short-term outlook may remain weak. The RSI indicator is at 49 in the neutral region. The price change compared to the previous day shows a 0.60% decline, trading at 74.11. Support:74 - 73.5 - 73 - Resistance: 76 - 76.5 - 77 -
Brent petrolü, İsrail'in İran'a yönelik askeri operasyon iddiaları ve OPEC'in talep tahminlerindeki düşüş beklentisi ile baskı altında. Orta Doğu'dan gelen haber akışları, petrol piyasalarında volatilite yaratmaya devam ederken, Avrupa ve ABD borsalarındaki dalgalanmalar da gözlemleniyor. ABD'de teknoloji hisselerindeki etkiler Asya seansına da yansımış durumda. Bu durum, özellikle ABD'nin ihracat sınırlamaları ve Trump'ın ithalat tarifeleri konusundaki açıklamaları ile gelecekteki talep beklentilerini olumsuz etkileyebilir. Politika cephesinde ise, yarınki Avrupa Merkez Bankası para politikası beyanatı dikkat çekici olacak. Teknik olarak, Brent petrolü saatlik grafikte 74,50 desteğini test ediyor. Aşağı yönlü hareketin devamında 74,00 ve 73,50 seviyeleri izlenebilir. 76,00 – 76,50 direnç bölgesi altında kalındıkça, kısa vadeli görünüm zayıf seyretmeye devam edebilir. RSI göstergesi 49 seviyesinde ve aşırı satım bölgesinde bulunuyor, bu da nötr bir görünüm sergilediğini gösteriyor. Bir önceki güne göre fiyat değişimi %0.60 düşüşle 74,11 seviyesinden işlem görüyor. Destek:74 - 73.5 - 73 - Direnç: 76 - 76.5 - 77 -
WTI oil prices remain under pressure due to news about possible Israeli military strikes on Iran and OPEC's reductions in demand forecasts for 2023 and 2024. Movements in European and US stock markets have the potential to affect oil prices. Possible recoveries could limit new downside potential if prices remain above 72.50 and show hourly closes. However, as long as the resistance at 72.00 – 72.50 cannot be surpassed, the downward pressure may continue. From a technical analysis perspective, the WTI oil price is testing the 71.5 support level on the 1-hour chart. In the continuation of the downward movement, the 70.50 and 70.00 levels may be monitored as support. In upward movements, the 72.00 and 72.50 resistance levels are significant. The RSI indicator is at 48, showing a neutral outlook. Compared to the previous day, the oil price has declined by 0.43% and is currently at 70.63. Support:70.5 - 70 - 69.5 - Resistance:72.0 - 72.5 - 73 -
WTI petrol fiyatları, İsrail’in İran’a yönelik olası askeri saldırıları ile ilgili haberler ve OPEC'in 2023 ve 2024 için talep tahminlerini düşürmesiyle baskı altında kalmaya devam ediyor. Avrupa ve ABD borsalarındaki hareketler, petrol fiyatlarını etkileme potansiyeline sahip. Olası toparlanmalar, fiyatların 72,50 üzerindeki seyri ve saatlik kapanışlarını görmesine bağlı olarak yeni düşüş potansiyelini sınırlayabilir. Ancak, şu anda 72,00 – 72,50 direnci aşılamadığı sürece aşağı yönlü baskı devam edebilir. Teknik analiz açısından, 1 saatlik grafikte WTI petrol fiyatı 71,5 desteğini test ediyor. Aşağı yönlü hareketin devamında 70,50 ve 70,00 seviyeleri destek olarak izlenebilir. Yukarı yönlü hareketlerde 72,00 ve 72,50 direnç seviyeleri önemli. RSI göstergesi 48 seviyesinde olup nötr bir görünüm sergiliyor. Önceki güne göre %0,43 düşüş gösteren petrol fiyatı şu an 70.63 seviyesinde bulunuyor. Destek:70.5 - 70 - 69.5 - Direnç:72.0 - 72.5 - 73 -
Despite the geopolitical risk perception being heightened by tensions in the Middle East and the China-Taiwan strain, spot gold remained under the pressure of the rising dollar index. This situation has led to a decrease in investors' inclination towards the precious metal. On the other hand, economic data such as the Empire State manufacturing index could be among the key indicators affecting the pricing of spot gold. From a technical standpoint, when examining the XAUUSD chart on a 1-hour timeframe, the price, which moves near the levels of EMA 50 and EMA 200, is testing the support around the 2640 levels in the short term. The RSI indicator at level 61 indicates that it is approaching the overbought zone. Compared to the previous day, the price has decreased by 0.35% and is trading at 2681.56. In this context, if the downward movements continue, the levels of 2670 and 2660 can be monitored as significant support points, while recoveries may target the resistance levels of 2685, 2690, and 2700. Support:2670 - 2660 - 2650 - Resistance:2685 - 2690 - 2700 -
Orta Doğu’daki gerilimler ve Çin-Tayvan arasındaki gerginliklerin jeopolitik risk algısını artırmasına rağmen, ons altın dolar endeksindeki yükselişin baskısı altında kaldı. Bu durum, yatırımcıların değerli metale olan yöneliminin azalmasına neden oldu. Öte yandan, Empire State imalat endeksi gibi ekonomik veriler, ons altının fiyatlamalarını etkileyecek önemli göstergeler arasında yer alabilir. Teknik açıdan incelendiğinde, 1 saatlik zaman dilimindeki XAUUSD grafiğinde EMA 50 ve EMA 200 seviyelerinin yakınında hareket eden fiyat, kısa vadede 2640 seviyelerindeki desteği test ediyor. RSI göstergesi 61 seviyesinde olup, aşırı alım bölgesine yaklaştığını işaret ediyor. XAUUSD 2681 seviyesinden işlem görmekte. Bu bağlamda, aşağı yönlü hareketlerin devam etmesi durumunda 2670 ve 2660 seviyeleri önemli destek noktaları olarak izlenebilir, toparlanmalarda ise 2685, 2690 ve 2700 direnç seviyeleri hedeflenebilir. Destek:2670 - 2660 - 2650 - Direnç:2685 - 2690 - 2700 -
The USD/TRY pair is influenced by the performance of emerging market currencies against the US Dollar in the morning hours. It is noteworthy that the Turkish Lira remains in a weak position, especially when compared to the Thai Baht and the Russian Ruble. In the early hours of the day, the Turkish Lira is trading with a depreciation of 0.04%. The exchange rate is currently hovering around the 34.27 levels. Within the framework of the Envelope indicator, the rate tends to maintain its positive outlook as long as it stays above the 34.09 level. Under this condition, it may find room to move towards the resistance levels of 34.30, 34.37, and 34.44. Moreover, sustained movements above 34.44 could lead to further levels. Technically, USD/TRY is being examined on a 4-hour chart. The levels of 34.23, 34.16, and 34.09 are monitored as support areas, while the resistance levels are determined as 34.30, 34.37, and 34.44, respectively. The RSI indicator is at 42 and shows a slightly negative outlook. There is a 0.01% decline in the pair compared to the previous day. The current price continues to trade at the 34.19 level. Support:34.16 - 34.09 - 34.02 - Resistance:34.23 - 34.3 - 34.37 -
USD/TRY paritesi, sabah saatlerinde gelişmekte olan ülke para birimlerinin ABD Doları karşısındaki performanslarından etkileniyor. Özellikle Taylor Bahtı ve Rus Rublesi ile kıyaslandığında Türk Lirası'nın zayıf konumda kaldığı dikkat çekiyor. Türk Lirası, günün ilk saatlerinde yüzde 0,04'lük değer kaybıyla işlem görmekte. Kur, hali hazırda 34,27 seviyelerine yakın seyrediyor. Envelop göstergesi çerçevesinde kur, 34,09 seviyesinin üzerinde kaldığı sürece olumlu görünümünü sürdürme eğiliminde. Bu koşulda, 34,30, 34,37 ve 34,44 direnç seviyelerine doğru hareket alanı bulabilir. Bununla birlikte, 34,44 üzerindeki kalıcı hareketler daha ileri seviyelere taşınabilir. Teknik olarak, USD/TRY 4 saatlik grafikte inceleniyor. 34,23, 34,16 ve 34,09 seviyeleri destek alanları olarak izlenirken, direnç seviyeleri sırasıyla 34,30, 34,37 ve 34,44 olarak belirlenmiş durumda. RSI göstergesi 42 seviyesinde ve hafif negatif bir görünüm sergiliyor. Önceki güne göre paritede yüzde 0,01'lik düşüş görülmekte. Güncel fiyat 34,22 seviyesinde işlem görmeye devam ediyor. Destek:34.16 - 34.09 - 34.02 - Direnç:34.23 - 34.3 - 34.37 -
While monetary policy movements in the US and ECB remain at the forefront with swap market pricing, this situation affects the general trend of the GBPUSD pair. Expectations for the upcoming rate cut by the ECB, especially with potential guidance from ECB President Lagarde, are the focus of the market. It should be noted that the CPI data monitored in the UK and Lagarde's speech from the Eurozone could cause fluctuations in the forex markets. Despite the US Dollar's efforts to strengthen, its impact on the pair may remain limited as long as it fails to hold above the 233-day average. In the 4-hour chart, the GBPUSD pair is trading below the 100-period moving average, near the 1.3135 resistance. While 1.3030, 1.2990, and 1.2945 levels can be monitored as support, the resistance levels of 1.308, 1.3135, and 1.318 are important in upward movements. The RSI indicator is at 54, showing a neutral market outlook. The daily change shows a minimal decrease of 0.002%, with the current price at 1.3079. We may need to see a sustained move above 1.3135 to initiate an upward movement in the pair. However, if the pressure persists, movements towards lower support levels may be observed. Support:1.294 - 1.2865 - 1.282 - Resistance:1.303 - 1.308 - 1.3135 -
GBP/USD paritesi, İngiltere'de manşet TÜFE verisinin %1,7'ye gerilemesinin ardından BoE’nin faiz indirimi beklentileriyle baskı altında kalmaya devam ediyor. İngiltere'nin makroekonomik verileri, enflasyon düşüşü ve dolardaki güçlenme eğilimi parite üzerindeki negatif görüşü pekiştiriyor. Ek olarak, ECB’nin faiz indirim kararları ve Lagarde'ın konuşmaları, dolar endeksi üzerindeki etkileriyle GBP/USD paritesini doğrudan etkileyebilir. Genel anlamda, hem Fed hem de ECB tarafındaki belirsizliklerin paritenin görünümü üzerinde önemli bir etkisi bulunmaktadır. Teknik analiz açısından, GBP/USD paritesi 4 saatlik grafikte, 1.2940 ve 1.2900 destek seviyelerine doğru gerileyebilir. 1.3030, 1.3080 ve 1.3135 seviyeleri ise direnç olarak izlenebilir. RSI göstergesi 34 seviyesinde olup negatif bir görünümde seyrediyor. Bir önceki güne göre %0.0026'lık hafif bir düşüş ile 1.2987 seviyesinden işlem görüyor. Paritenin mevcut durumda EMA 50, EMA 100 ve EMA 200'ün altında olması, düşüş eğiliminin devam edebileceğini gösterebilir. Destek:1.294 - 1.2865 - 1.282 - Direnç:1.303 - 1.308 - 1.3135 -
The EUR/USD pair is moving with the policy expectations of the European Central Bank (ECB) and the Federal Reserve (Fed). The plans of both banks to cut interest rates are influencing market pricing. Particularly, the statements that ECB President Lagarde is expected to make regarding today's interest rate cut could have significant effects on the Euro. The positive outlook on the dollar index and the ECB's interest rate policy lead to a continued weak trend in the EUR/USD pair. On the 4-hour chart, the EUR/USD pair is observed to be following the 1.083 and 1.078 support levels. In upward movements, the 1.087 and 1.09 resistance levels are being monitored. The RSI indicator is at level 28, indicating an oversold region and presenting a negative outlook. The pair's current price is at 1.0853. In light of these data, it can be said that the pressure on the EUR/USD pair continues and the recovery effort may remain limited. Support:1.083 - 1.078 - 1.0735 - Resistance:1.087 - 1.09 - 1.094 -
EUR/USD paritesi, Avrupa Merkez Bankası (ECB) ve Federal Rezerv (Fed) politika beklentileriyle hareket ediyor. Her iki bankanın da faiz indirimine gitmeyi planlaması piyasa fiyatlamalarında etkili oluyor. Özellikle ECB'nin bugün gerçekleştireceği faiz indirimine dair Başkan Lagarde'ın yapacağı açıklamalar, Euro üzerinde önemli etkiler yaratabilir. Dolar endeksi üzerindeki pozitif görünüm ve ECB'nin faiz politikası, EUR/USD paritesinde zayıf seyrin devam etmesine yol açıyor. Grafikte 4 saatlik zaman diliminde EUR/USD paritesinin 1.083 ve 1.078 destek seviyelerini izlediği gözlemleniyor. Yukarı yönlü hareketlerde ise 1.087 ve 1.09 direnç seviyeleri takip edilmekte. RSI göstergesi 28 seviyesinde, aşırı satım bölgesine işaret ederek negatif bir görünüm sergiliyor. Paritenin güncel fiyatı 1.0853 seviyesinde bulunuyor. Bu veriler ışığında, EUR/USD paritesinde baskının sürdüğü ve toparlanma çabasının sınırlı kalabileceği söylenebilir. Destek:1.083 - 1.078 - 1.0735 - Direnç:1.087 - 1.09 - 1.094 -
U.S. natural gas futures are under pressure from weak demand due to power outages and the impact of hot weather following Hurricane Milton. The European Central Bank's interest rate cut and strong retail sales data announced in the U.S. also stirred market activity. While the Asian indices show mixed trends, the rising yields of U.S. 10-year bonds continue to support the dollar. Under these conditions, the selling pressure on the NGC/USD pair is supported by various factors. In the chart, the NGC/USD pair is monitored on an hourly timeframe. The levels of 2.33, 2.3, and 2.275 are notable support zones, while resistances are positioned at 2.355, 2.38, and 2.41. The RSI indicator stands at 43.99, displaying a negative outlook. In light of this data, a picture emerges where the downward trend continues, but recovery efforts should not be overlooked. Support:2.33 - 2.3 - 2.275 - Resistance:2.355 - 2.38 - 2.41 -
ABD doğal gaz vadeli işlemleri, Milton Kasırgası sonrası görülen elektrik kesintileri ve sıcak hava etkisiyle talep tarafındaki zayıflığın baskısı altında kalmış durumda. Avrupa Merkez Bankası'nın faiz indirimi ve ABD'de açıklanan güçlü perakende satış verileri de piyasalarda hareketlilik yarattı. Asya endekslerinde karışık seyir sürerken, ABD 10 yıllık tahvil getirilerinin yükselmesi doları desteklemeye devam ediyor. Bu koşullar altında, NGC/USD paritesinde satış baskısı farklı faktörler tarafından destekleniyor. Grafikte NGC/USD paritesi saatlik zaman diliminde izlenmekte. 2.33, 2.3 ve 2.275 seviyeleri önemli destek bölgeleri olarak dikkat çekerken, dirençler 2.355, 2.38 ve 2.41 seviyelerinde konumlanmış durumda. RSI göstergesi ise 43.99 seviyesinde olup negatif bir görünüm sergiliyor. Bu veriler ışığında, düşüş eğiliminin sürdüğü fakat toparlanma çabalarının da göz ardı edilmemesi gerektiği bir tablo ortaya çıkıyor. Destek:2.33 - 2.3 - 2.275 - Direnç:2.355 - 2.38 - 2.41 -
DAXEUR is moving with cautious optimism amid developments in global markets. The European Central Bank’s decision to cut interest rates and strong retail sales data from the US are supporting an upward movement in the dollar index. This situation is also having a positive impact on the DAX index. The mixed performance of global markets, especially in Asia and the US, does not exert significant pressure on DAXEUR. However, upcoming economic data from the UK and the US, along with statements from Fed officials, could be decisive for determining the direction of DAXEUR in the future. From a technical standpoint, DAXEUR is currently at the level of 19,555, showing a 0.17% increase compared to the previous day's close. The chart is on a 4-hour timeframe. Rally situations are concentrating at the 19,660 resistance level, and further upward movement may lead to testing the 19,755 and 19,850 levels. Conversely, the support levels of 19,545, 19,465, and 19,350 should be monitored. The RSI indicator is at the 49.92 level, indicating a neutral perspective. This suggests that prices could move in a balanced manner and potentially follow a sideways trend within the current price channel. Support:19545 - 19465 - 19350 - Resistance:19660 - 19755 - 19850 -
DAXEUR, küresel piyasalardaki gelişmelerle birlikte temkinli bir iyimserlik içinde hareket ediyor. Avrupa Merkez Bankası'nın faiz indirim kararı ve ABD'den gelen güçlü perakende satış verileri, dolar endeksinde yukarı yönlü hareketi desteklemekte. Bu durum, DAX endeksinde de pozitif bir etki yaratıyor. Dünya genelinde özellikle Asya ve ABD piyasalarının karışık seyretmesi, DAXEUR üzerinde önemli bir baskı oluşturmuyor. Ancak, İngiltere ve ABD'den açıklanacak olan ekonomik verilerin yanı sıra Fed yetkililerinin açıklamaları, önümüzdeki süreçte DAXEUR üzerinde yön belirleyici olabilir. Teknik açıdan bakıldığında, DAXEUR şu an 19,555 seviyesinde bulunuyor ve önceki gün kapanışına göre %0,17'lik bir artış göstermekte. Grafik, 4 saatlik zaman dilimindedir. Ralli durumları, 19660 direnç seviyesinde yoğunlaşırken, daha fazla yükseliş durumunda 19755 ve 19850 seviyelerinin test edilmesi olası. Aksi yönde, 19545, 19465 ve 19350 destek seviyeleri izlenmelidir. RSI göstergesi 49.92 seviyesinde yer alarak nötr bir görünüme işaret ediyor. Bu, fiyatların dengeli bir şekilde hareket edebileceğini ve potansiyel olarak şu anki fiyat kanalında yatay bir seyir izleyebileceğini gösteriyor. Destek:19545 - 19465 - 19350- Direnç:19660 - 19755 - 19850-
The NASDAQ 100 index rose with support from the technology sector following the better-than-expected earnings of Netflix and TSMC. However, the increase in 10-year treasury yields after retail sales data in the US surpassed expectations limited the upward movement in the index. The European Central Bank's decision to cut interest rates and the rise in US retail sales led to a gain in the dollar's value in the markets, resulting in a mixed picture across global indices. Additionally, the construction permits data scheduled for release today, along with the speeches from FOMC member Waller, may lead to market volatility. Technically, the NASDAQ 100 index is at a decision stage moving between 20250-20500 on the daily chart. To maintain its positive outlook, a sustained move above the 20500 resistance may be necessary. In upward movements, the resistance levels at 20650 and 20750 should be closely watched. However, if the 20250 support is breached, a pullback towards 20150 and 20000 levels may occur. Among the technical indicators, the RSI is showing a neutral outlook at the 48.72 level, reflecting market uncertainties. The current price stands at 20231.5, indicating a 0.77% decline compared to the previous day. Support:20250 - 20150 - 20000 - Resistance:20500 - 20650 - 20750 -
NASDAQ 100 endeksi, Netflix ve TSMC'nin beklentiler üzerinde gelen bilançolarının ardından teknoloji sektöründen aldığı destekle yükselirken, ABD'de beklenenden iyi sonuçlanan perakende satışlar verisinin ardından 10 yıllık hazine tahvil faizlerindeki artışlar, endekste yukarı yönlü hareketin sınırlanmasına neden oldu. Avrupa Merkez Bankası'nın faiz indirim kararı ve ABD'nin perakende satışlardaki artışları, piyasalarda doların değer kazanmasına, dolayısıyla küresel endekslerde karışık bir tabloya sebep oldu. Ayrıca, gün içerisinde açıklanacak inşaat izinleri verileri ve FOMC üyesi Waller’ın konuşmaları, piyasalarda volatiliteye yol açabilir. Teknik açıdan NASDAQ 100 endeksi, günlük grafikte 20250-20500 arasında karar aşamasında hareket ediyor. Endeksin pozitif görünümünü sürdürebilmesi için 20500 direncinin üzerinde kalıcı bir hareket gerekebilir. Yukarı yönlü hareketlerde 20650 ve 20750 direnç seviyeleri dikkatle izlenmelidir. Ancak, 20250 desteğinin altına inildiğinde 20150 ve 20000 seviyelerine doğru bir geri çekilme görülebilir. Teknik göstergelerden RSI, 48.72 seviyesinde nötr görünüm sergiliyor ve piyasadaki belirsizlikleri yansıtıyor. Anlık fiyat 20231.5 seviyesinde, önceki güne göre 0.77% düşüş göstermektedir. Destek:20250 - 20150 - 20000 - Direnç:20500 - 20650 - 20750 -
Crude oil futures have been trading flat in recent days due to potential risks related to supply in the Middle East not yet materializing and weakness in demand expectations. The dollar strengthened following the European Central Bank's interest rate cut and strong retail sales data from the U.S. While no changes are expected in U.S. interest rates, leading data for future meetings are being watched closely. In Asian markets, a mixed outlook prevails. The Japanese Nikkei index remains stable, while increases in the Hang Seng and Shanghai indices stand out. From a technical analysis perspective, the BRN/USD pair is trading at the 74.31 level on the hourly timeframe, showing a 5.92% increase compared to the previous day. The levels of 74.00 and 73.50 are being monitored as support, while resistance levels of 75.00, 75.50, and 76.00 should be followed. The RSI indicator is at the 55.47 level, presenting a positive outlook, which could strengthen the potential for upward movements. However, if there are no closes above the 75.00 resistance, a new potential for decline could emerge. Support:74 - 73.5 - 73 - Resistance:75 - 75.5 - 76 -
Petrol vadeli işlemleri, Orta Doğu'daki arzla ilgili potansiyel risklerin henüz gerçekleşmemesi ve talep beklentilerindeki zayıflık sebebiyle son günlerde yatay bir seyir izliyor. Avrupa Merkez Bankası'nın faiz indirmesi ve ABD'den gelen güçlü perakende satış verileri sonrası dolar güçlendi. ABD faiz oranlarında değişiklik beklenmese de ileriye dönük toplantılar için öncü veriler dikkatle takip ediliyor. Asya piyasalarında ise karışık bir görünüm hakim. Japon Nikkei endeksi sabit seyrederken, Hang Seng ve Shanghai endekslerindeki artış dikkat çekiyor. Teknik analiz açısından, BRN/USD paritesi saatlik zaman diliminde 74.31 seviyesinde işlem görüyor ve bir önceki güne kıyasla %5.92 artış göstermiş. Paritede 74.00 ve 73.50 seviyeleri destek olarak izlenirken, 75.00, 75.50 ve 76.00 direnç seviyeleri takip edilmeli. RSI göstergesi 55.47 seviyesinde ve pozitif bir görünüm sergiliyor, bu da yukarı yönlü hareketlerin potansiyelini güçlendirebilir. Ancak 75.00 direncinin üzerinde kapanışlar olmazsa, yeni bir düşüş potansiyeli ortaya çıkabilir. Destek:74 - 73.5 - 73 - Direnç:75 - 75.5 - 76 -
Oil prices continue to fluctuate due to concerns about supply from the Middle East not yet coming into play and weakness in global demand expectations. Additionally, the European Central Bank's interest rate cut and better-than-expected retail sales in the US have strengthened the dollar index, which could affect oil price movements. The mixed trend in Asian markets and changes in US 10-year bond yields may indirectly impact the trajectory of WTI. Technically, when the WTIUSD chart is examined on an hourly timeframe, it is observed that the price faces resistance at the 70.5 level. The current price is at 70.737, showing a 0.89% increase compared to the previous day's price. As long as it stays above the 70 level, the upward trend is expected to continue. In downward movements, the levels of 70, 69.5, and 69 can be monitored as short-term support points. The RSI indicator is at 58, displaying a positive outlook, indicating a slight increase in buying appetite. However, for a stronger rise, it may be important to see closings above the 71 level. Support:70 - 69.5 - 69 - Resistance:70.5 - 71 - 71.5 -
Petrol fiyatları, Orta Doğu'daki arz endişelerinin henüz devreye girmemesi ve küresel talep beklentilerindeki zayıflık nedeniyle dalgalı bir seyir izlemeye devam ediyor. Buna ek olarak, Avrupa Merkez Bankası'nın faiz indirimi ve ABD'de perakende satışların beklenenden iyi gelmesi, dolar endeksinin güç kazanmasına neden oldu ve bu durum, petrol fiyatlarının hareketlerini etkileyebilecek bir gelişmeydi. Asya borsalarının karışık seyri ve ABD 10 yıllık tahvil faizlerindeki değişimler, WTI'nin seyrine dolaylı etki edebilir. Teknik olarak WTIUSD grafiği saatlik zaman diliminde incelendiğinde, fiyatın 70.5 seviyesindeki dirençle karşılaştığı görülüyor. Anlık fiyat 70.737'de olup, önceki günün fiyatına göre %0.89 artış göstermiş durumda. 70 seviyesinin üzerinde kaldığı sürece, alıcılı seyrin devam edebileceği düşünülüyor. Aşağı yönlü hareketlerde 70, 69.5 ve 69 seviyeleri kısa vadeli destek noktaları olarak izlenebilir. RSI göstergesi 58 seviyesinde ve pozitif bir görünüm sergiliyor, bu da alım iştahının bir miktar arttığına işaret ediyor. Ancak, daha güçlü bir yükseliş için 71 seviyesinin üzerinde kapanışların görülmesi önem taşıyabilir. Destek:70 - 69.5 - 69 - Direnç:70.5 - 71 - 71.5 -
Gold has gained value as the Dollar index restricts its upward trend and the European Central Bank's interest rate cut decision. The upward pressure on gold prices in the markets is increasing due to Israel's attack on Hamas leader Yahya Sinvar and expectations of a Fed interest rate cut in November. In addition to these developments, the speeches by FOMC member Waller during the day could also be decisive in the price movements of the precious metal. Technically, it appears that gold is limiting its downward trend in the 2680 - 2690 range. As long as it stays above this range, the positive outlook is likely to continue. On the chart, short-term indicators supporting upward movement in prices may target the resistance levels of 2710 and 2720. Gold prices are currently at the 2711.40 level, showing a 2.50% increase compared to the previous day. While the 2700 and 2690 levels are monitored as support, the resistance levels of 2720 and 2730 could be significant if the upward movement continues. The RSI indicator is at 76, indicating an overbought zone and confirming that the market is progressing positively. However, in the event of a possible pullback, attention should be paid to the 2680 - 2690 range; a sustained break below these levels could open the way for lower targets. Support:2700 - 2690 - 2685 - Resistance:2710 - 2720 - 2730 -
Ons altın, Dolar endeksinin yükseliş eğilimini sınırlandırması ve Avrupa Merkez Bankası'nın faiz indirim kararıyla birlikte değer kazandı. İsrail'in Hamas lideri Yahya Sinvar'a gerçekleştirdiği saldırı ve Fed’in Kasım ayında faiz indirimine yönelik beklentilerin etkisiyle, piyasalarda altın fiyatları üzerindeki yukarı yönlü baskı artıyor. Bu gelişmelerin yanında, FOMC üyesi Waller'ın gün içindeki konuşmaları da değerli metalin fiyat hareketlerinde belirleyici olabilir. Teknik olarak, altının 2680 - 2690 bölgesinde düşüş eğilimini sınırladığı görülüyor. Bu bölgenin üzerinde kalındığı sürece pozitif görünümün sürmesi muhtemel. Grafikte, fiyatların yukarı yönlü hareketi destekleyen kısa vadeli göstergeler, 2710 ve 2720 direnç seviyelerini hedefleyebilir. Altın fiyatları şu anda 2711.40 seviyesinde bulunuyor ve önceki güne göre %2.50 artış göstermiş durumda. 2700 ve 2690 seviyeleri destek olarak izlenirken, yukarı yönlü hareketin devam etmesi durumunda 2720 ve 2730 direnç seviyeleri önemli olabilir. RSI göstergesi ise 76 seviyesinde, bu da aşırı alım bölgesine işaret edip, piyasanın olumlu yönde ilerlediğini doğruluyor. Ancak, olası bir geri çekilmede 2680 - 2690 aralığına dikkat edilmesi, bu seviyelerin altında kalıcı bir kırılmanın daha aşağı hedeflerin önünü açabileceğini gösteriyor. Destek:2700 - 2690 - 2685 - Direnç:2710 - 2720 - 2730 -
The Turkish Lira is among the currencies that are weak against the US Dollar among emerging market countries. The European Central Bank's decision to cut interest rates and the strong retail sales data from the US have supported the dollar's appreciation. A mixed outlook prevails in Asian markets. These developments continue to exert pressure on the Turkish Lira. The USD/TRY pair is trading near the 34.20 level, and the strong trend of the dollar index is creating a negative pressure on the TL. Technically, the USD/TRY pair is trading just above the 34.16 support on the 4- hour chart. In upward movements, the levels of 34.23, 34.30, and 34.34 should be monitored as resistance. The RSI indicator is at 48, displaying a neutral outlook. The pair has increased by 0.12% compared to the previous day. Support levels are at 34.16, 34.09, and 34.02, and breaking below these levels could deepen the corrective selling. However, if the exchange rate surpasses the aforementioned resistance levels, the upward momentum could strengthen. Support:34.16 - 34.09 - 34.02 - Resistance:34.23 - 34.3 - 34.34 -
Türk Lirası, gelişmekte olan ülkeler arasında ABD Doları karşısında zayıf seyreden para birimleri arasında yer alıyor. Avrupa Merkez Bankası'nın faiz indirim kararı ve ABD'deki perakende satışların güçlü gelmesi, dolar üzerindeki değer artışını destekledi. Asya piyasalarında ise karışık bir görünüm hakim. Bu gelişmeler Türk Lirası üzerinde baskı yaratmaya devam ediyor. USD/TRY paritesi 34,20 seviyesine yakın işlem görüyor ve dolar endeksinin güçlü seyri TL üzerinde negatif bir baskı oluşturuyor. Teknik olarak, USD/TRY paritesi 4 saatlik grafikte 34,16 desteğinin hemen üzerinde işlem görüyor. Yukarı yönlü hareketlerde 34,23, 34,30 ve 34,34 seviyeleri direnç olarak izlenmeli. RSI göstergesi 48 seviyesinde ve nötr bir görünüm sergiliyor. Parite, önceki güne göre %0,12 oranında artmış durumda. Destek seviyeleri 34,16, 34,09 ve 34,02 olup, bu seviyelerin aşağı yönlü kırılması durumunda tepki satışları derinleşebilir. Ancak, kur yukarıda belirtilen direnç seviyelerini aşarsa, yükseliş ivmesi güç kazanabilir. Destek:34.16 - 34.09 - 34.02 - Direnç:34.23 - 34.3 - 34.34 -
The GBP/USD pair continues to be pressured due to the increase in the dollar index following the interest rate adjustments by the European Central Bank and positive retail sales data from the US. The dollar index showcases a positive outlook above the 34-day average while moving above the 233-day average, creating negative effects on many pairs including GBP/USD. Upcoming retail sales data from the UK and building permits data from the US could influence the pair's trajectory. Additionally, interest rate moves in the upcoming BOE and Fed meetings may steer pricing in the swap markets. Technically, the GBP/USD pair is currently trading at the 1.3019 level, which is 0.23% above yesterday's closing price of 1.2989. The pair may encounter resistance at the 1.303 and 1.308 levels, while downward movements should watch the 1.298, 1.294, and 1.29 levels for support. The RSI indicator is at 46.47, indicating a neutral market outlook. The market direction should be closely monitored to see whether the pair will test the mentioned support levels or break above the resistance levels. Support:1.298 - 1.294 - 1.29 - Resistance:1.303 - 1.308 - 1.3135 -
GBP/USD paritesi, Avrupa Merkez Bankası'nın yaptığı faiz düzenlemeleri ve ABD'den gelen olumlu perakende satışlar verisi sonrası dolar endeksindeki artışla baskı altında kalmaya devam ediyor. Dolar endeksi, 34 günlük ortalama üzerinde pozitif görünüm sergilerken, 233 günlük ortalama üzerinde hareket ederek GBP/USD dahil olmak üzere birçok parite üzerinde negatif etkiler yaratıyor. İngiltere'den gelecek perakende satışlar ve ABD'den inşaat izinleri verileri paritenin seyrini etkileyebilir. Ayrıca, BOE ve Fed'in ilerleyen toplantılarında faiz hareketleri swap piyasasındaki fiyatlamaları yönlendirebilir. Teknik olarak, GBP/USD paritesi şu an 1.3019 seviyesinden işlem görüyor ve dünkü kapanış fiyatı olan 1.2989’dan %0.23 yukarıda. Parite, 1.303 ve 1.308 seviyelerinde dirençle karşılaşabilir, aşağı yönlü hareketlerde ise 1.298, 1.294 ve 1.29 seviyeleri destek olarak izlenmekte. RSI göstergesi 46.47 seviyesinde bulunuyor, bu da nötr bir piyasa görünümüne işaret ediyor. Paritenin, belirttiğimiz destek seviyelerini test edip etmeyeceği veya direnç seviyelerinin üzerine çıkıp çıkmayacağı, piyasaların yönünü belirlemek adına yakından izlenmelidir. Destek:1.298 - 1.294 - 1.29 - Direnç:1.303 - 1.308 - 1.3135 -
While the ECB's interest rate decision aligned with market expectations, President Lagarde's data-driven messages are drawing attention. During this process, positive retail sales data from the U.S. contributes to the strengthening of the dollar index, exerting pressure on the EURUSD and GBPUSD pairs. Data from the UK and U.S. economies and statements from Fed officials could trigger new pricing in the markets. The dollar index continues its positive trajectory above the 34-day average, maintaining its negative pressure on the pairs. From a technical perspective on the EURUSD pair, the 1.0888-1.0900 range forms a significant resistance area. As long as the pair remains below this level, weakness and a strong trend theme may continue. On the downside, 1.0828, 1.0780, and 1.0735 levels should be monitored as support. The RSI indicator is at 32.33 and is trending near the oversold territory. The current price is 1.0831, showing a 0.28% decline from the previous day. In case of a recovery, the 34-period average poses a significant barrier, while the main negative outlook remains below the 1.0992-1.1006 levels. Support:1.0828 - 1.078 - 1.0735 - Resistance:1.087 - 1.09 - 1.094 -
The EUR/USD pair continues to remain under pressure as the Dollar Index gains strength. The Dollar Index trading above the 34-day average and surpassing the 233-day average increases demand for the dollar, maintaining downward pressure on the euro. In the Asian markets, while the Japanese Nikkei index is losing value, the Chinese indices are diverging positively, reflecting the varied impacts of economic policies in the region. This situation indicates the ongoing uncertainties in global markets, and investors are awaiting clearer signals regarding the Fed’s interest rate policy.
From a technical standpoint, the EUR/USD pair is testing the support level at 1.0780. Below this level, supports at 1.0735 and 1.0690 can be monitored. The RSI indicator is at the 40 level and is showing a negative trend, indicating that the weakness in the pair may continue. In upward movements, the levels of 1.0828, 1.087, and 1.0900 can be followed as resistance. The pair has shown a decline of 0.07% compared to the previous day's closing.
The GBP/USD pair continues to remain under downward pressure, influenced by the strengthening trend observed in the dollar index. The dollar index holding above the 233-day average leads to the maintenance of the pair's downward trend. Particularly, expectations that the Fed may move slowly on interest rates and the mixed trend in Asian indices create a cautious atmosphere in the markets. Positive economic developments in China could have partial effects on the overall market.
From a technical perspective, the GBP/USD pair may test the support levels of 1.298, 1.294, and 1.29. In upward movements, resistance levels of 1.303, 1.308, and 1.3135 should be monitored. The RSI indicator is currently at the level of 45, displaying a negative outlook. The chart shows a decrease of 0.15% compared to the previous day. It is important for the pair to break through the identified resistance levels to gain upward momentum.
The USD/TRY pair is showing a weak trend among emerging market currencies, currently trading at 34.22. While a mixed outlook prevails in the Asian indices in global markets, Chinese markets are showing a positive divergence. There is a cautious atmosphere in the markets due to uncertainties regarding the Fed's interest rate policy and the impact of stimuli in China. The relative weakness of the Turkish Lira against global developments increases upward pressure on the USD/TRY pair.
Technically speaking, the USD/TRY pair continues to trade above the support levels of 34.16, 34.09, and 34.06. In upward movements, the resistance levels of 34.23, 34.30, and 34.35 can be monitored. The RSI indicator is showing a positive trend, signaling an upward movement. The pair has increased by 0.05% compared to its previous closing. It is important to note that if the pair manages to maintain sustainable movements above 34.40, the upward momentum could strengthen. Otherwise, pullbacks towards support levels might be observed.
The EUR/USD pair is being shaped by expectations that the BoE and the Fed could each cut rates by a total of half a point in their remaining meetings of the year, alongside speculations that the ECB might go for a quarter-point rate cut. In the new week, speeches by BoE and ECB presidents, as well as Fed officials, will be monitored along with PMI data and housing statistics from the US. Additionally, the movement of the Dollar Index above its 233-day average is increasing downward pressure on the pair.
From a technical perspective, the EUR/USD pair is trading below the 34-period average in the 1.0870 - 1.0900 range. This indicates a tendency for the pair to maintain its weak response and strong trend theme. In downward movements, the 1.0828, 1.0780, and 1.0735 levels are being watched as support. The RSI indicator is at 45 and showing a negative outlook. It has been observed that the pair has seen a 0.07% decline compared to the previous day. In the event of a potential recovery, the 1.087 and 1.090 levels could be considered as resistance.
The increase in geopolitical risks in the Middle East is supporting gold prices with safe-haven demand. However, rises in the Dollar Index have caused gold to pull back slightly from record levels. After reaching record levels above 2740, gold is trading around 2730. Key developments that could influence market direction include a speech by FOMC member Harker and the Richmond Fed manufacturing index.
Technically, gold is positioned at 2732 and trading above the 2730 support level. In downward movements, the 2720 and 2710 levels can be monitored as support. In upward movements, the resistance levels are at 2740 and 2750. The RSI indicator is at 55, showing a neutral outlook. In the last 24 hours, a 0.48% increase in prices has been observed. Sustaining above 2730 could support an upward trend.
The GBP/USD pair remains under pressure due to the expectations of a half-point rate cut by the BoE and Fed by the end of the year, and a quarter-point rate cut expectation by the ECB. In particular, the Dollar Index surpassing the 34-day average and staying above the 233-day average is creating downward pressure on the pair. This week, speeches from BoE, ECB, and Fed officials, preliminary PMI data for the manufacturing and service sectors, and US housing statistics will be closely monitored. The Classic Dollar Index's movement towards the 104.50 – 105.00 region could sustain the downward pressure on GBP/USD.
The chart shows the GBP/USD pair's movement in the daily time frame. Despite testing the resistance at the 1.303 level, the pair is trading below this level. In case of downward movements, the support levels of 1.298 and 1.294 can be monitored. The RSI indicator is at the 48 level, showing a neutral outlook, which indicates that the current pressure on the pair could continue. A 0.07% decline is observed in the pair compared to the previous day. Movements below the 1.298 support would be critical for the continuation of the downtrend in the current situation.
WTI oil prices are trying to find direction under the influence of interest rate cuts in China and geopolitical risks, while the weak demand outlook causes this effect to remain limited. The mixed course in Asian markets, especially the positive divergence in Chinese indices, is attracting attention in global markets. Factors such as uncertainty in the Fed's interest rate policies and the upcoming elections in the US lead to cautious movements in the oil markets. The intra-day performance of European and US stock markets could be a determining factor in the short-term trend of oil prices.
Technically, WTI oil prices are hovering near the 70.50 resistance. Hourly closings above this level could lead the prices to move towards the 71.00 and 71.50 levels. In downward movements, the 69.50 level is critical, and hourly closings below this level could lead to testing of the 69.00 and 68.50 support levels. The RSI indicator is in the neutral zone, showing an indecisive appearance in the market, with a slight decrease of 0.04% compared to the previous day.
The USD/TRY exchange rate is trading near the 34.27 level due to the Turkish Lira's continued weakness, despite the volatile performance of emerging market currencies. The interest rate cut decision by the People's Bank of China has had mixed effects on Asian markets, and the political tensions in the Middle East are creating uncertainty in the markets, affecting global risk appetite. In such a context, the relatively weak stance of the Turkish Lira against the US Dollar may support the upward trend in the USD/TRY rate.
From a technical standpoint, the USD/TRY pair finds support at the levels of 34.23, 34.16, and 34.09, while resistance levels of 34.30, 34.35, and 34.40 may be observed on upward movements. The graph indicates that the pair is being monitored on an hourly timeframe. The RSI indicator is at the 60 level, displaying a positive trend, which may support the upward movement of the pair. A 0.17% increase is observed today compared to the previous day. If the pair surpasses the indicated resistance levels, the upward movement is expected to continue.
The oil market is trying to find direction under the influence of interest rate cuts in China and geopolitical risks, but the weak demand outlook limits these effects. The trajectory of European and US markets could be decisive for the direction of oil prices. Notably, if intra-day pricing breaks outside the $73.50 – $74.50 range and hourly closings occur at these levels, it could add clarity to the market's search for direction. If the downward trend is dominant, levels of $73.00 and $72.50 could be targeted, while in a potential recovery, breaking the $74.50 resistance would be an important indicator.
From a technical perspective, when examining the BRN/USD chart on an hourly timeframe, it is trading near the $73.50 support level. In upward movements, the $74.50 resistance level can be monitored, and hourly closings above this level could bring $75.00 and $75.50 levels into focus. The RSI indicator is at level 48, showing a neutral outlook. There is a 0.07% increase in prices compared to yesterday's close. This situation indicates that the market is in search of direction but the overall trend has not yet become clear.
The increasing geopolitical tensions in the Middle East, especially the conflicts between Israel and Hezbollah, continue to support gold on ounce by boosting safe-haven demand. Developments over the weekend have caused the perception of geopolitical risk to remain high, and the pressure on the Dollar Index's rise has paved the way for gold on ounce to reach new highs. The decision by the People's Bank of China to cut interest rates and the mixed trend in Asian markets are leading to uncertainties in global markets, and the upcoming elections in the United States are also considered to possibly impact gold prices.
Technically, gold on ounce recorded a new high by trading above the 2730 level. The chart's outlook suggests that the positive trend may continue as long as it stays above the 2700-2710 support zone. Resistance levels of 2740 and 2750 can be monitored in upward movements. The RSI indicator is at the 60 level and shows a positive outlook. An increase of 0.17% compared to the previous day is observed. For the downward trend to become dominant, persistent pricing below the 2700-2710 support zone should be observed, in which case pullbacks towards the 2690 and 2685 levels may be followed.
The NASDAQ100 index is striving for recovery with the rise in technology sector stocks. However, the yield on the 10-year treasury bonds exceeding 4.2% is exerting pressure on this recovery. Increasing geopolitical risks in the Middle East and uncertainties regarding the U.S. presidential elections are also keeping the risk perception high. Today, the speech by FOMC member Harker and the Richmond Fed manufacturing index could influence the direction of the index. These factors are causing investors to remain cautious.
Technically, the NASDAQ100 is trading in the 20250 - 20500 range and can be said to be at a decision-making stage within this range. The 20500 level stands out as a critical resistance point, and it seems difficult to gain a positive outlook unless this level is sustained. In upward movements, the 20650 and 20750 resistance levels should be monitored. However, if it remains below the 20250 level, a negative trend can be expected, and the support levels of 20150 and 20000 could become significant. The RSI indicator stands at 48, indicating a neutral trend. The index experienced a 0.34% loss compared to the previous day.
The increasing geopolitical tensions in the Middle East and fluctuations in U.S. and European stock markets are influential in determining the direction of oil prices. Rising tensions between Israel and Hezbollah and speculations regarding Iran contribute to uncertainty in the oil markets. The interest rate cuts by the People's Bank of China aim to alleviate concerns about global economic growth. In light of these developments, geopolitical risks are expected to continue affecting oil prices in the short term.
Technically examining the WTI/USD chart on an hourly timeframe, it is trading below the resistance zone of 69.00-69.50. In downward movements, the 69.00 and 68.50 levels can be monitored as support. On the upside, the range of 70.50-71.00 is seen as an important resistance area. The RSI indicator is at level 52 and is moving in a neutral stance. The pair's 0.31% increase compared to the previous day may indicate that the market is in a short-term recovery effort. However, a clear change in direction requires breaking the resistances mentioned above.
The DAX 40 index is displaying a sentiment influenced by the negative start in global markets and the mixed performance in Asian markets. The continuation of stimulus measures and interest rate cuts in China are distinguishing the Chinese indices positively, indirectly affecting the DAX. Across Europe, there is a perception of pressure due to economic uncertainties and signals from the Fed regarding a slowdown in interest rates. Statements by Kansas City Fed President Schmid are also among the factors shaping market expectations regarding central bank policies.
From a technical perspective, the DAX 40 index is attempting to surpass the 19720 resistance level on the daily chart, while the levels of 19610 and 19545 are being monitored as support. In the upward movement of the index, the resistance levels of 19850 and 19975 can be targeted. The RSI indicator is at 54, with the market continuing to present a neutral outlook. Compared to the previous day, the index has shown an increase of 0.21%. Maintaining support levels might be important for sustaining upward momentum.
Rising geopolitical tensions and uncertainties in the Middle East are keeping oil prices under pressure. Conflicts between Israel and Lebanon and potential Iranian interventions are creating concerns in the markets. Meanwhile, interest rate cuts by the People's Bank of China and uncertainties regarding the US and Chinese economies are causing fluctuations in global markets. While these developments lead to a volatile course in oil prices, the reactions of European and US stock markets should be closely monitored.
Technically, the BRN/USD pair is testing its support at the 73.00 level. If the downward movements continue, the 72.50 level may emerge as the next support. In upward recoveries, the 73.50 and 74.00 levels should be followed as resistance. The RSI indicator is at 41 and shows a negative outlook. The downward trend in the pair has decreased by 0.41% compared to the previous day. Hourly closings above 74.00 could trigger the continuation of upward movements.
U.S. natural gas futures are showing an upward trend due to expectations that cold weather conditions as winter approaches will increase heating demand and declines in production. Normal weather conditions are expected until the beginning of November, but forecasts predict a drop in temperatures in the coming weeks. This strengthens expectations for an increase in natural gas demand. During this period, if prices remain above the 2.750 – 2.780 support levels, upward movements may continue.
On the chart, the NGCUSD pair is trading below the 2.85 resistance level. In downward movements, the 2.78 and 2.75 levels can be monitored as support. The RSI indicator is at 40, displaying a negative outlook, indicating that the pair is following a weak trend. Moving with a 0.82% decline compared to the previous day, the pair may find direction from the reactions it receives at the support zones to recover from current levels.
The NASDAQ100 index is in a recovery trend as the impact of earnings reports exceeding expectations and increases in 10-year treasury bond yields diminish. However, rising geopolitical risks in the Middle East and the upcoming U.S. presidential elections are heightening investors' risk perception. Rate cuts by the People's Bank of China and the mixed performance in Asian markets also influence global market dynamics. These developments could cause the NASDAQ100 index to fluctuate amidst strategic decision-making phases.
Technically, the NASDAQ100 index is trading in the 20250 – 20500 support-resistance range on the chart. It can be said that the index is at a decision point in this area, supported by the 21 and 89-period exponential moving averages. The RSI indicator is at the 45 level, exhibiting a neutral outlook. In upward movements, if the 20500 resistance is surpassed, the levels of 20650 and 20750 may be targeted. In downward movements, breaking the 20250 level could bring the 20150 and 20000 levels into focus. The index has shown a 0.12% decrease compared to the previous day.
The DAX 40 index closely monitors developments in European and global markets. The European Central Bank's expectation of a quarter-point interest rate cut, and the possibility of rate cuts by the BoE and the Fed by the end of the year, could have a positive impact on the index. Positive performances in other indices such as DJ30 in Italy and the US are also helping the DAX 40 to display a positive outlook. This week, speeches by Fed officials and housing data coming from the US could lead to new movements in the markets.
From a technical perspective, the DAX 40 index is trading above the 13-period average at the level of 19710, indicating that the upward momentum continues. In upward movements, the levels of 19850 and 19975 can be monitored as resistance. In the event of downward pressure, the levels of 19605 and 19545 appear as support areas. The RSI indicator is at the level of 55 and exhibits a positive trend. The index has experienced a decline of 0.20% compared to the previous day, indicating short-term fluctuations.
U.S. natural gas futures are influenced by negative sentiment regarding November demand expectations due to warm weather forecasts. Price movements concentrated around the 2.750 level indicate the market's concerns over natural gas demand. Mixed trends in Asian markets and global developments such as the Chinese Central Bank's interest rate cut could have indirect effects on natural gas markets. Geopolitical tensions in the Middle East and the U.S. election process are also factors that could lead to market fluctuations.
In the four-hour timeframe chart, it is observed that the NGCUSD pair is trying to trade above the 2.720 and 2.700 support levels. Maintaining stability above these levels could be important for the continuation of upward movements. Potential upswings could target resistance levels at 2.780 and 2.820. However, if the pair falls below the 2.700 support, the levels of 2.675 and 2.650 may come into focus. The RSI indicator is at 48, showing a neutral outlook. A decline of 0.32% compared to the previous day is noted.
The EUR/USD pair continues to remain under pressure due to the optimistic pricing behavior seen in the Dollar Index. The preliminary Manufacturing and Services PMI data to be announced today may significantly impact the pair's direction. The Dollar Index's movement above the 233-day average creates a perception of a strong dollar, exerting negative pressure on the EUR/USD. Additionally, the potential rate cuts by the Fed and the BoE are closely monitored in the market. Global uncertainties and the election process in the US are also among the factors that could increase fluctuations in the pair.
From a technical perspective, the EUR/USD pair is trading below the 1.083 resistance level. In downward movements, support levels at 1.078, 1.0735, and 1.069 can be observed. The RSI indicator is at 49, displaying a neutral outlook. If the pair slips below the 1.078 level, the downward trend may accelerate. In upward movements, resistance levels at 1.083, 1.087, and 1.09 will be tracked. There is a 0.08% decline compared to the previous day, indicating that the pair maintains a weak outlook.
The GBP/USD pair continues to be influenced by the positive trend in the dollar index. Particularly, upcoming PMI data from the U.S. and the forthcoming BoE and Fed meetings are among the main factors that could affect the pair. The dollar's tendency to remain strong increases the downward pressure on GBP/USD. For this situation to maintain its effect, it is important for the dollar index to stay above its 233-day average. On the other hand, the expectation that BoE and Fed may cut interest rates by the end of the year is also closely monitored by the markets.
Technically, the GBP/USD pair is trading below the 34 and 55-period exponential moving averages in the 1.2980 - 1.3030 range on the daily chart. This trend may cause the pair to remain under pressure, and levels of 1.2900 and 1.2865 can be observed as support. Movements above the 1.2900 support could indicate rebound buying or continuation of the trend. If the downward pressure continues, the 1.2820 level may be considered as another support point on the agenda. The RSI indicator is at 49, showing a neutral outlook. For upward movements in the GBP/USD pair to gain strength, it is necessary to maintain above the resistance levels of 1.298 and 1.303. Compared to the previous day's close, the pair has lost 0.05% in value.
The USD/TRY pair is attracting attention due to increasing uncertainties in global markets. While election uncertainty in the US and uncertainties regarding the Chinese economy exert pressure on the markets, limited pullbacks in the Dollar index are also influencing USD/TRY. The Turkish Lira, on the other hand, is relatively showing strong performance among emerging market currencies. The CBRT's interest rate decisions and the inflation trend are among the key factors determining the course of the TL.
From a technical perspective, the pair is trading near the resistance level of 34.30. In upward movements, the levels of 34.36 and 34.44 are being monitored as resistance. In downward movements, the levels of 34.22, 34.16, and 34.07 are being followed as support. The RSI indicator is at the level of 54, presenting a slightly positive outlook in the market. Transactions continue with a 0.02% decline compared to the previous day. If USD/TRY surpasses resistance levels, the positive outlook may strengthen.
Despite the high tension in the Middle East, the strong performance of the dollar index is putting pressure on the spot gold prices. Spot gold has recently pulled back from the level of 2760 to trade around 2725. Upcoming unemployment claims and PMI data from the US could cause volatility in the markets. In the short term, the precious metal is fluctuating between the 2710 – 2730 range. Continued trading within this range indicates that investors are in a decision-making phase. Sustained movements above the 2730 level could reinforce a positive outlook, while staying below the 2710 level might bring a negative scenario to the forefront.
From a technical perspective, it is observed that spot gold retreated again after approaching the 2730 resistance on the 4-hour chart. The levels of 2710, 2700, and 2690 are monitored as support, while the levels of 2730, 2740, and 2750 are watched as resistance in upward movements. The RSI indicator is at the 55 level and showing a positive trend. With a 0.43% increase compared to the previous day, the fact that spot gold remains above the 55-period exponential moving average could enhance the potential for upward movement. However, the stance at the 2700 level could play a critical role in the continuation of declines.
The EUR/USD pair continues to face pressure under the influence of positive pricing behavior in the Dollar Index. The upcoming presidential elections in the U.S. and the possibility of a strong Dollar against a weak Euro are occupying the market's agenda. Additionally, while the BoE and the Fed are expected to cut interest rates in upcoming meetings, it is suggested that the ECB may also implement a quarter-point cut. Notably, the preliminary Manufacturing and Services PMI data to be released tomorrow could be significant for the direction of the pairs.
From a technical perspective, the EUR/USD pair is trading at the 1.08043 level. The pair may find support at levels 1.078, 1.0735, and 1.069, while 1.0828, 1.087, and 1.09 are being monitored as resistance levels during upward movements. The RSI indicator is at level 47, indicating a neutral market outlook. The pair has recorded a 0.05% decline compared to the previous day. In the short term, weak response and strong trend may continue; however, a movement above the 34-period average could be a sign of recovery.
Oil prices have started to rise due to the geopolitical developments in the Middle East. Israel's attacks on Lebanon are causing increased supply concerns in the oil market. The stock increase data released by the U.S. Energy Information Administration had only a short-term effect on the markets. On the other hand, the volatility in the U.S. and European stock markets may play a significant role in determining the direction of oil prices. The ongoing election uncertainties in the U.S. and tensions in the Middle East are causing investors to adopt a cautious stance.
Technically, the WTI/USD pair is trading just above the 72.00 resistance on the 4-hour chart. In the continuation of upward movements, the 72.50 and 73.00 levels can be monitored as resistance. In downward movements, the 71.00, 70.50, and 70.00 levels stand out as support. The RSI indicator is at the 60 level, displaying a positive outlook. A value increase of 0.83% compared to the previous day is observed.
The GBP/USD pair continues to remain under pressure due to the optimistic pricing behaviors in the Dollar Index. It is anticipated that the pressure on the pair may persist ahead of the preliminary Manufacturing and Services PMI data set to be released this week. Expectations of rate cuts in the last two meetings of the year from both the BoE and the Fed are also creating pressure on the pair. Scenarios in which the U.S. Presidential elections and Trump's policies could strengthen the dollar may be decisive in the markets during this period. Additionally, speeches by ECB President Lagarde and BoE Governor Bailey will also be closely watched by market participants.
From a technical perspective, the GBP/USD pair is moving below the 1.303 resistance level on the 1-hour chart. In the downward movements, the 1.298, 1.294, and 1.29 levels can be monitored as support. If an upward movement begins, the levels of 1.303, 1.308, and 1.3135 will be tracked as resistance. The RSI indicator is at 47, indicating a neutral outlook. The pair shows a slight change of 0.04% compared to the previous day. Overall, if the pair declines toward the 1.298 support level, it may be considered to remain under further pressure.
Oil prices are on an upward trend due to geopolitical tensions in the Middle East, while Israel's attacks on Lebanon are causing concern in the markets. The data on stock increases announced by the U.S. Energy Information Administration had a limited impact on oil yesterday. In global markets, uncertainty over the U.S. elections and ambiguities about the Chinese economy continue to dampen risk appetite. In light of these developments, it is anticipated that oil prices may also be shaped by the course of the European and U.S. stock markets.
Technically, the BRNUSD pair is trading around the 75 levels, with 75 and 74.50 levels being monitored as support. In upward movements, 76.50, 77, and 77.50 levels stand out as resistance. If the prices hold at these support levels on the chart, it could pave the way for a renewed upward momentum. The RSI indicator is at the 50 level, presenting a neutral outlook, indicating that price movements struggle to form a distinct trend. The pair has gained 0.84% from the previous day, which may indicate a short-term upward potential.
The USD/TRY pair is trading in an environment where the currencies of emerging markets are showing varied performances against the US Dollar. While the Malaysian Ringgit stands out as the weakest and the Chilean Peso as the strongest currency, the Turkish Lira is exhibiting a neutral performance. The USD/TRY pair is currently positioned near the level of 34.25. In the short term, the pair may tend to maintain its positive outlook as long as it stays above the 34.07 region.
From a technical perspective, the pair may find support at levels of 34.22, 34.16, and 34.07. In upward movements, the levels of 34.30, 34.35, and 34.41 can be monitored as resistance. The RSI indicator is hovering at the 60 level, and the market is showing an upward trend. A 0.03% decrease is observed in the pair compared to the previous day. A sustained move above the 34.41 level in USD/TRY could contribute to the strengthening of the upward movement.
While the NASDAQ100 index remains under pressure due to the rising yields of the US 10-year bonds, Tesla’s better-than-expected financial results have somewhat alleviated this pressure. The jobless claims to be announced today, along with preliminary service and manufacturing PMI data, could influence the direction of the index. Global uncertainties, particularly the US election uncertainty, ambiguities in the Chinese economy, and developments in the Middle East, are prompting a cautious approach in the markets.
From a technical analysis perspective, the NASDAQ100 index is trading within the 20250 - 20500 support and resistance range. A sustained pricing above 20500 could strengthen positive expectations. In upward movements, the resistance levels of 20650 and 20750 can be monitored. For a negative scenario, it will be important if it falls below the 20250 support, which could bring the 20150 and 20000 levels into focus. The RSI indicator is at 56 and shows a positive trend, indicating a possibility for recovery. However, fluctuations and uncertainties in the markets should be taken into account.
The ongoing conflicts in Gaza and Lebanon in the Middle East are increasing geopolitical risks in the region, bolstering the safe-haven demand for gold. At the same time, the upcoming US presidential elections are also supporting this demand. China's interest rate cut has also supported gold prices, helping to refresh the record at the 2750 level. During the day, the existing home sales data could influence gold pricing.
From a technical perspective, the gold ounce chart is being examined in the daily time frame. As long as it stays above the 2730 - 2740 support zone, the positive trend may be maintained. In upward movements, there is a field of movement towards the 2750 and 2760 resistance levels. The RSI indicator is in the positive zone, indicating that the rise could continue. A 0.05% increase is observed compared to the previous day. If the price falls below the 2730 - 2740 zone, a pullback towards the 2720 and 2710 levels may occur.
The DAXEUR index is under the influence of the negative performance observed in global indices. Significant losses in Asia and a widespread suppression process in Europe are leading to declines of nearly 1.50% in the DAX40 index. Especially globally increasing uncertainties and signals of economic slowdown are putting pressure on the index, prompting investors to be cautious. For DAX to maintain its positive trend, it must stay above the 19450-19535 levels, which are the 55 and 89-period moving averages. However, a drop below these levels could increase the likelihood of the index retreating to the 18995-19090 support zone.
From a technical perspective, the DAXEUR chart is analyzed in the hourly time frame. The index can find support at 19350, 19275, and 19195 levels, while resistance levels stand out at 19535, 19630, and 19720. The RSI indicator is at 53, presenting a neutral outlook, which indicates an indecisive trend in the market. The index's 0.12% increase compared to the previous day signals a short-term recovery effort that might attract the attention of investors. However, the sustainability of this recovery will depend on developments in global markets and the course of local economic data.
WTI crude oil prices continue to move upward despite the American Petroleum Institute's announcement of a 1.6 million barrel increase in inventories, driven by the Israel-Iran tension. The visit of U.S. Secretary of State Blinken to Israel and ceasefire efforts are being monitored as a balancing factor in the market. Throughout the day, the course of the U.S. stock markets, developments in the Middle East, and inventory figures to be announced by the U.S. Energy Information Administration may influence pricing. As the upward trend in the market continues, the potential for an increase stands out as long as it stays above the 70.50 – 71.00 support zone.
Technically, WTI crude is trading at the $72 level on the 4-hour chart. Resistance zones are located at 72.00, 72.50, and 73.00 levels. If prices surpass these resistance levels, the rise may continue. On the other hand, in potential pullbacks, the 71.00, 70.50, and 70.00 levels are being monitored as support. The RSI indicator is at the 60 level, showing a positive trend. Being up by 0.44% compared to the previous day suggests that the short-term positive outlook may continue.
U.S. natural gas futures are exhibiting significant price movement due to upcoming inventory data and weather forecasts. Natural gas prices may be influenced by developments on U.S. and European exchanges and the inventory figures to be released by the U.S. Energy Information Administration. If inventory data comes in below expectations, it could create upward pressure on prices. Meanwhile, election uncertainty in the U.S. and concerns about the Chinese economy are also being closely monitored in the market.
Technically, the NGCUSD pair has found strong support at the 2.91 and 2.88 levels on the daily chart. Resistance levels at 3.00 and 3.04 are being monitored in upward movements. The RSI indicator is at 45, displaying a neutral stance. The pair has increased by 0.51% compared to the previous day, continuing its upward trend. In this scenario, as long as it remains above the 2.91 level, upward movements are expected to be in the foreground. However, if it dips below the 2.88 support, levels of 2.85 may come into focus.
Despite the increase in inventories announced by the American Petroleum Institute, oil prices continue to trend upward due to political tensions in the Middle East, particularly the rising tension between Israel and Iran. U.S. Secretary of State Blinken's ceasefire efforts and the stock figures to be released by the U.S. Energy Information Administration may be decisive in the direction of the market. The performance of U.S. stock markets and developments in the Middle East are also among the significant factors that could affect oil pricing.
From a technical perspective, we can say that the 75.5 and 75 levels function as support on the 4-hour chart for crude oil. In upward movements, the 76.5 and 77 levels are being monitored as resistance. The RSI indicator is at 52, indicating a neutral market outlook. Currently, oil prices are trading with a 0.64% decrease. If the support levels are maintained, further upward movements can be expected, whereas if the price falls below the 75 level, the 74.5 and 74 levels may come into focus.
The NASDAQ100 index pulled back slightly after its recent rises, with the effort to hold above the 4.20% level of 10-year treasury bond yields putting pressure on the index. Existing home sales data from the US could impact index pricing. Markets are closely watching how these data could shape the index's movements. Overall, it is noted that the NASDAQ100 is trading in an area supported by current technical indicators.
On the chart, when examining the NASDAQ100 index on a 4-hour timeframe, the effort to hold above the 20350-20500 support zone is noteworthy. As long as this zone is maintained, upward movements could target resistance levels of 20650 and 20750. The RSI indicator displays a neutral appearance at the 47 level. It is observed that the index had a slight pullback of 0.02% compared to the previous day. If the downward trend increases, pricing below the 20350 support could pave the way for a movement towards the 20250 and 20150 levels.
The DAXEUR pair continues to be affected by the general negative trend in global stock markets. Losses in Asian markets and the pressure felt across European indices are impacting DAX's pricing. In Germany, the lack of a significant change in the economic outlook is not creating strong downward pressure on the DAX. However, general economic uncertainties in Europe and volatility in global markets continue to play a limiting role in DAX's upward movements.
In the technical outlook, the DAX 40 index is trying to find support between the levels of 19545 - 19445 - 19350 on the 4-hour chart. For potential upward movements, resistance levels at 19630, 19720, and 19800 should be closely monitored. The RSI indicator is at the 60 level and shows a slightly positive trend. The intraday pricing shows a slight increase of 0.03 percent. These technical data may indicate a short-term recovery process for the index, but for a sustained upward movement, a reduction in uncertainties in global markets will be important.
U.S. natural gas futures continue to find direction amid fluctuations in weather conditions. Despite the expected temperature increases at the beginning of November, the anticipated cooling in the following week and the expected decline in production are supporting prices. Fluctuations in the natural gas market may be observed depending on the performance of U.S. and European stock markets. In this process, keeping natural gas prices above the support levels of 2.820 – 2.850 may support an upward trend.
Technically, the NGCUSD pair is examined on the hourly timeframe in the current chart. The pair points to resistance levels of 2.91 and 2.94 in upward movements, with the target being the 2.97 level if these levels are surpassed. In downward movements, support levels of 2.85, 2.82, and 2.78 should be monitored. The RSI indicator is currently at the 40 level, displaying a negative outlook. Compared to the previous day, the pair experienced a 0.18% decrease.
The EUR/USD pair continues to remain under pressure due to the strong performance of the US Dollar Index and uncertainties regarding the European economy. The fact that the Dollar Index is staying above its 233-day average is leading to increased demand for the dollar and continued downward pressure on the pair. The uncertainties in the interest rate policies of the European Central Bank and other major central banks are also creating additional pressure on the Euro. PMI data and potential economic developments from the US could be decisive for the direction of the pair.
Technically, the EUR/USD pair continues to trade below the 1.0830 resistance level. It is likely to retreat towards the support levels of 1.0780, 1.0735, and 1.0690. If the downward movement continues, the 1.0780 level can be followed as a critical support. If the pair shows a recovery from this level, a move above the 1.0830 level could support a rise towards the 1.0870 and 1.0900 resistances. The RSI indicator is below the 50 level and is showing a negative trend, which can be considered an indicator of ongoing weakness in the pair. The daily change in the pair is approximately -0.04%.
The GBPUSD pair continues to remain under pressure with the positive trend in the Dollar Index. The preliminary Manufacturing and Services PMI data to be released today could create significant volatility in the markets. Expected interest rate cuts from the BoE and the Fed in the remaining meetings of the year are among other factors that could influence the pair. The US Presidential elections and potential policies of Trump could also support the scenario of strengthening the Dollar. This situation might cause the downward pressure on the GBPUSD pair to persist.
Technically, on the daily chart, the GBPUSD pair is trading below the 34 and 55 period exponential moving averages (1.2980 - 1.3030). This situation might cause the pair to maintain its downward trend. For the pair, the levels of 1.294 - 1.290 - 1.2865 should be monitored as support. The 1.2900 level is a critical point in terms of potential recovery buying or the continuation of the trend. Resistance levels are set at 1.298 - 1.303 - 1.308. The RSI indicator is at the 40 level and exhibits a negative outlook. The pair has experienced a decline of 0.09% compared to the previous day.
The USD/TRY pair demonstrates a relatively strong performance against the US Dollar on a day when emerging market currencies generally exhibit robust performance. The Turkish Lira is positioned among the strong currencies with a 0.04% appreciation. Factors such as the retreat in U.S. bond yields and uncertainties in the elections in Japan in global markets may affect the movement scope of the USD/TRY pair. Additionally, economic data such as U.S. durable goods orders and the Michigan Consumer Sentiment could be decisive for the direction of the pair.
Technically, the USD/TRY pair is trading just above the 34.27 level. The first resistance level to watch on the daily chart is set at 34.30, while upward movements could follow 34.37 and 34.44 levels. In downward movements, the 34.22, 34.16, and 34.07 levels are monitored as support. The RSI indicator is at 40, presenting a negative outlook. The pair shows a 0.19% decline compared to the previous day, while downward risks remain in the overall technical outlook.
Despite the ongoing tensions in the Middle East, the strengthening of the Dollar index continues to impact the ounce gold. After renewing its record at the 2760 level, gold retreated to the 2725 level due to selling pressure and may find direction with upcoming unemployment claims and preliminary service and manufacturing PMI data from the US. Gold remains in a decision phase between the 2710 - 2730 levels in its pricing. If it sustains above the 2730 level, positive expectations may strengthen, whereas persistence below 2710 could highlight negative expectations.
Technically, the XAUUSD pair is trading at the 2725 level on 4-hour charts. In the upward movements of the pair, the resistance levels of 2740 and 2750 should be closely monitored. In downward movements, the support levels of 2710, 2700, and 2690 are important. The RSI indicator is at the 46 level and displays a neutral trend. Compared to the previous day, a 0.32% decrease is observed, indicating that the market is under pressure. The 2700 level, supported by the 55-period exponential moving average, could be critical for the continuation of declines.
Oil prices are gaining upward momentum with the increase in geopolitical tensions in the Middle East. Israel’s attacks on Lebanon are raising concerns about supply in the market, leading to a rise in prices. The stock increase data released by the U.S. Energy Information Administration seems to have lost impact in the short term. Movements in European and U.S. stock markets are attracting investors' attention, while developments in global markets and declines in U.S. bond yields may cause fluctuations in oil prices. Particularly, changes in U.S. durable goods orders and Michigan consumer sentiment indicators are being closely monitored in the markets.
Looking at the WTIUSD chart, we see that prices are holding above the 70.50 – 71.00 support zone. As long as these levels are maintained, the resistance levels of 71.50 and 72.00 can be targeted for further rises. On the 4-hour chart, the RSI indicator is at 45 and shows a negative trend. This may indicate that the market is under some selling pressure. If the price falls below the 70.50 support, the levels of 70.00 and 69.50 may come into question. Compared to the previous day, prices have decreased by 0.03%.
Brent crude oil prices start the day on an upward trend, drawing attention despite the rising tensions between Israel and Lebanon and the U.S. Energy Information Administration's report of an inventory increase. Particularly, Israel's attacks on Lebanon heighten geopolitical risks in the Middle East, exerting upward pressure on oil prices. Economic data such as durable goods orders and Michigan consumer sentiment in the U.S. are also monitored for their impact on the market. It should be noted that the trend of European and U.S. stocks could influence intraday price movements.
Technically, Brent crude oil prices are moving near the 74.00 support level on the 4-hour chart. In upward movements, the levels of 75.00 and 75.50 can be monitored as resistance. In possible pullbacks, the levels of 74.00 and 73.50 gain importance as support. The RSI indicator is at 42, presenting a negative outlook, indicating that the selling pressure could continue for a while. There is a decrease of -0.113% compared to the previous day, which maintains the weak course of the prices.
Although the NASDAQ100 index remains under pressure due to the rise in 10-year treasury yields, Tesla's better-than-expected financial results ease this pressure. In the economic calendar, unemployment claims and preliminary services and manufacturing PMI data will be in the spotlight. Potential changes in US durable goods orders and Michigan Consumer Sentiment data will also attract investors' attention. In the Eurozone, the impact of Germany's IFO Business Climate Index on future economic expectations is being monitored. In Japan, political developments and the decisions made by the Central Bank on interest rates may also affect Asian markets.
Technically, the NASDAQ100 index is trading in the 20250 - 20500 support zone. On the 4-hour chart, the support of the 21 (20403) and 89 (20335) period exponential moving averages is noteworthy. Unless a sustained move above the 20500 level is achieved, it seems difficult for the positive trend to strengthen. On the upside, resistance levels at 20650 and 20750 can be observed. In downward movements, if there is stability below 20250, support levels at 20150 and 20000 may come into play. The RSI indicator is at 41 and shows a negative outlook. The index has experienced a decline of 0.7% compared to the previous day.
The DAXEUR pair is following the general downward trend in global stock indices. Losses in indices especially in Asia and the US are putting pressure on European markets. Germany's main index, the DAX40, is down nearly 1.50% under this pressure. While global economic uncertainties and signs of economic stagnation in Europe are affecting the index, investors are focusing their attention on the elections in Japan and US economic data.
Technically, the DAXEUR pair is trying to stay above the 19465 support level. In upward movements on the chart, the levels of 19540, 19630, and 19720 can be monitored as resistance. The RSI indicator is around the 50 levels and shows a neutral trend. In intraday movements, the pair has seen a decrease of 0.40%. If it remains below the 19465 level, 19350 and 19275 levels can be followed as new support areas.
U.S. natural gas futures are drawing attention due to the favorable impact of upcoming stock data and weather conditions. The stock figures to be released today by the U.S. Energy Information Administration could have a significant impact on the markets. Stock market movements in the U.S. and Europe may also influence natural gas pricing. Additionally, the decline in U.S. bond yields and political developments in Japan are affecting global market dynamics. Economic indicators such as the Michigan Consumer Sentiment and the German IFO Business Climate Index continue to play a role in determining investors' risk appetite.
In the chart, when examining the NGCUSD pair on a daily time frame, levels of 2.97, 2.94, and 2.91 stand out as support, while levels of 3.04, 3.07, and 3.1 can be monitored as resistance. It is observed that the pair has increased by 1.20% compared to the previous day. The RSI indicator is at the level of 65 and presents a positive outlook, indicating that the upward trend might continue. However, it should be noted that maintaining levels above 2.91 is necessary in the short term.
The EUR/USD pair continues to remain under pressure due to optimism in the dollar index. This week's preliminary Manufacturing and Services PMI data could have a significant impact on the pair's direction. Moreover, the expectation that the Fed and ECB might resort to interest rate cuts for the remainder of the year is being closely monitored by the markets. As the US elections approach, it is predicted that Trump's return to the scene could increase demand for the dollar. The classic dollar index staying above the 233-day average stands out as a factor supporting the dollar's appreciation.
Technically, the EUR/USD pair is trading close to the 1.078 support level. If this level is broken, a pullback to the 1.0735 and 1.0690 support levels could occur. In upward movements, the 1.083 resistance level is the first significant barrier. If the pair tests above this level, the 1.087 and 1.090 resistance levels could be targeted. The RSI indicator is at the 34 level and shows a negative trend, indicating a weak market outlook. The pair has experienced a 0.11% decline compared to the previous day.
The GBP/USD pair remains under pressure due to the optimistic sentiment in the Dollar Index. The preliminary Manufacturing and Services PMI data to be released today are important in terms of their potential impact on the pair. Upcoming central bank meetings, particularly the rate cut possibilities from the BoE and Fed, are among the factors that could influence the direction of the pair. Additionally, the U.S. Presidential election and the effects of Trump's policies on the Dollar are closely monitored topics in the markets. The Dollar Index remaining above the 103.25 level suggests that the selling pressure on GBP/USD could continue.
From a technical perspective, the GBP/USD pair is trading below the 34 and 55 period exponential moving averages located between 1.298 and 1.303 levels on the 4-hour chart. This situation causes the pair to remain under pressure. In downward movements, the support levels at 1.294, 1.290, and 1.2865 can be monitored. Especially the 1.2900 level emerges as a critical zone for the continuation of the trend or a potential recovery. In upward movements, the resistance levels of 1.298, 1.303, and 1.308 can be followed. The RSI indicator on the 4-hour chart is at 45, presenting a neutral outlook. It is observed that the pair has shown a 0.12% decline compared to the previous day.
The USD/TRY pair has managed to remain relatively strong in an environment where the currencies of emerging markets are performing well against the US Dollar. The weakening of the Yen following elections in Japan and the positive sentiment in Asian markets are increasing regional risk appetite. However, geopolitical developments, such as tensions between Israel and Iran, are having a limited impact on oil prices, while economic data from the US and the Eurozone are being closely monitored. The Turkish Lira is maintaining a relatively stable course in the shadow of these global developments.
Technically, the USD/TRY pair is trading near the level of 34.27. On the 4-hour chart, it is seen that the pair may find support at the levels of 34.22, 34.16, and 34.07. For upward movements, the resistance levels to be monitored are 34.30, 34.37, and 34.44. The RSI indicator is at 51, presenting a neutral outlook. The pair has increased by 0.01% compared to the previous day and continues its oscillation between the current technical levels. A sustained move above the 34.44 level could be critical for the continuation of the upward trend.
The high tension in the Middle East continues to play a decisive role in the pricing of gold, while the rise in the Dollar index creates pressure on the precious metal. Following recent record updates near the 2760 level, gold has retreated to 2725 due to the wave of sales. The US unemployment claims and preliminary services and manufacturing PMI data to be announced today could be important for gold's direction. Persistent pricing above the 2730 resistance level could strengthen the positive outlook for gold fluctuating between 2710 and 2730. On the other hand, falling below the 2710 level could highlight a negative trend.
From a technical perspective, gold is trading at 2736 on the daily chart. In the chart, 2730, 2720, and 2710 levels stand out as support, while 2740, 2750, and 2760 levels are resistance. The RSI indicator is at 44, showing a slightly negative outlook. There is a 0.37% drop compared to the previous day's close. Unless staying below the 2710 level is sustained, upward recoveries may be observed. However, the stance of the 2700 level, supported by the 55-period exponential moving average, is crucial for the continuity of downward movements.
WTI oil prices are shaped by developments in the Middle East and U.S. energy stock data. The tension between Israel and Lebanon supports the upward movement of oil prices, while the U.S. Energy Information Administration's news of stock increases seems to have limited this effect to yesterday. The weakening of the Yen following elections in Japan and the positive trend in Asian markets also impact the general economic outlook. Employment data to be announced this week in the U.S. and inflation data in the European zone are also being closely followed in the markets.
Technically, WTI oil prices are trading at the 68.777 level on the daily chart. Currently, it is expected that the price may find support at the levels of 68, 67.5, and 67, while potential upward movements are monitored at the resistance levels of 69, 69.5, and 70. The RSI indicator shows a negative outlook with a 4.61% decline, indicating that selling pressure may continue in the short term. Staying above support levels could be important for possible recovery moves.
Oil futures began with an upward trend due to rising geopolitical tensions in the Middle East. Israel's attacks on Lebanon are exerting upward pressure on oil prices, while the U.S. Energy Information Administration's stock increase data has lost its impact. The positive atmosphere in Asian markets is becoming evident with the post-election weakening of the Yen in Japan and the rise in the Nikkei index. The course of U.S. and European stock markets could be decisive for the direction of oil prices. Employment data in the U.S. and inflation data in Europe are among the topics closely monitored in the markets.
In the chart, the BRN/USD pair is trading below the 72.5 resistance level on the daily time frame. In upward movements for the pair, the levels of 72.5, 73, and 73.5 can be watched as resistance. In downward movements, the levels of 71.5, 71, and 70.5 stand out as support points. The RSI indicator is at level 30, presenting an appearance close to the oversold region. Compared to the previous day, the price has shown a decrease of 4.28%. This situation may indicate a potential for price recovery in the short term, although the downward trend continues.
The NASDAQ100 index continues to be under pressure due to the rising 10-year treasury bond yield. However, Tesla's better-than-expected financial results have somewhat limited this pressure. Applications for unemployment benefits and preliminary service and manufacturing PMI data during the day could determine the index's direction. The positive trend in Asian markets and the weakening of the yen in Japan might affect global economic expectations. Economic data from the US and the Eurozone could also create new pricing movements in the markets.
In technical analysis, the NASDAQ100 index is trading in the 20250 - 20500 support zone. For the index observed on a 4-hour time frame on the chart, the RSI indicator is at the 45 level, presenting a neutral outlook. In upward movements, if permanence above the 20500 level is achieved, 20680 and 20750 resistance levels may be targeted. In downward movements, falling below the 20250 level could bring the 20150 and 20000 support zones into focus. The index is down by 0.75% compared to the previous day.
DAXEUR is under the influence of the overall negative trend in global stock markets. Losses in Japan and Tokyo stock exchanges in Asia, the Russel 2000 index in the US, and the selling pressure spreading among European stock markets also negatively impact the DAX40 index. Germany's main index, DAX40, faced a decline of approximately 1.50% this week. For the index to maintain its positive trend, it is crucial to stay above the 19450 – 19535 levels, which are the 55 and 89 period moving averages. However, if it stays below these levels, the index risks retracting to the 18995 – 19090 support zone by changing the current trend.
On the daily chart, DAXEUR finds support at the 19540, 19470, and 19350 levels, while it may encounter resistance at the 19630, 19720, and 19800 levels. The RSI indicator is at the 45 level, displaying a negative outlook. The index is trading at the 19602 level with a 0.43% increase compared to the previous day. The chart indicates that momentum is weak as it approaches resistance levels. Therefore, the current technical indicators suggest that the downward risks may persist in the short term.
The NGCUSD pair has moved a step closer to $3, supported by weather forecasts ahead of the U.S. natural gas futures storage figures to be announced today. The general trend of European and U.S. markets and the storage figures to be released by the U.S. Energy Information Administration could be decisive for the pair's direction. In Asian markets, the weakening of the Yen following the election results in Japan provides exchange rate support for the export-focused economy, while intensive employment data in the U.S. seems to play an influential role. Additionally, developments in the Middle East and uncertainties in global markets may also indirectly affect natural gas prices.
From a technical analysis perspective, the NGCUSD pair is being monitored on the 4-hour time frame on the current chart. Levels of 2.97, 2.94, and 2.91 are highlighted as support, while levels of 3.04, 3.07, and 3.10 are monitored as resistance. The RSI indicator is at 45, showing a negative trend. The pair is down by 0.89% compared to the previous day. In this case, closures below 2.91 may increase selling pressure, while upward movements may require the breaching of the 3.04 resistance.
The EURUSD pair continues to remain under pressure due to the positive price movements observed in the dollar index. Today’s Manufacturing and Services PMI data could influence the course of the pair. Additionally, the upcoming US elections and expectations of a Fed rate cut are also in focus for the markets. The strong dollar continues to exert downward pressure on the EURUSD pair. While the ECB is expected to cut rates for the rest of the year, the scenario of a weak euro and a strong dollar remains on the agenda.
Technically, the EURUSD pair is trading below the 34-period average at the 1.0830 level, supporting the weak response/strong trend theme. In the pair’s downward movement, the supports at 1.0780, 1.0735, and 1.0690 can be observed as significant levels. Particularly, the 1.0780 level may play a critical role in terms of corrective buying or trend rally. In potential recoveries, the 1.0830 level should be monitored as short-term resistance, and if it sustains above this level, there is potential for the movement to extend to the 1.0940 – 1.0990 region. The RSI indicator is at the 50 level, exhibiting a neutral outlook. The pair seems to have experienced only a slight depreciation compared to the previous day.
The GBP/USD pair continues to remain under pressure due to the optimistic sentiment in the dollar index and expectations of interest rate cuts. The Manufacturing and Services PMI data to be released today could support the strengthening of the dollar, and this situation might continue the downward trend in the GBP/USD pair. While expectations of interest rate cuts in the upcoming meetings of the BoE and Fed are closely monitored by the markets, it is also evaluated that the US elections could have an impact on the markets. The dollar index staying above the 233-day average stands out as one of the main factors increasing the downward pressure on the pair.
From a technical perspective, the GBP/USD pair continues to trade below the moving averages in the 1.298 - 1.303 region. On the daily chart, the 1.294 and 1.29 levels are monitored as the initial support points, while further down, the 1.2865 support is noteworthy. In upward movements, the 1.298 and 1.303 resistance levels should be watched. The RSI indicator is at the 44 level and shows a negative trend, indicating that the downward movement in the pair may continue. The pair, which experienced a 0.04% decline compared to the previous day, requires a sustained recovery above the moving averages for the current trend to change.
The USD/TRY pair is exhibiting a mixed outlook due to significant economic data in global markets and uncertainties ahead of the U.S. elections. During a period when the currencies of developing countries generally show a strong performance against the dollar, the Turkish Lira is also displaying a relatively strong stance. As attention focuses on U.S. consumer confidence and job openings data, expectations regarding the Federal Reserve's monetary policy statement and the uncertainties of the upcoming elections continue to influence the markets.
Technically, the USD/TRY pair is trading close to the 34.27 level. While the levels of 34.22, 34.16, and 34.07 can be monitored as support, 34.30, 34.37, and 34.44 are being followed as resistance levels in upward movements. The RSI indicator is showing a neutral outlook at the 48 level. The pair is exhibiting a cautious trend with a slight pullback of 0.01% compared to the previous day. Sustaining above 34.09 could be important for the continuation of the positive outlook.
Despite the high tension in the Middle East, the strong performance of the Dollar index is exerting pressure on gold. Following records recorded close to the 2760 level, gold has retreated to the 2725 level with selling pressures. Today, the unemployment claims and PMI data announced in the US could influence the direction of the precious metal. In the medium term, gold trading in the 2710-2730 range signifies a critical decision point for investors. Staying above the 2730 level could support upward expectations, while pricing below 2710 could strengthen downward expectations.
From a technical perspective, gold is at the 2750 level on the 4-hour chart, which is monitored as short-term resistance. In the continuation of the rise, the levels of 2760, 2770, and 2780 can be watched as resistance. On downward movements, the levels of 2740, 2730, and 2710 are support levels. The reaction purchases coming from the 2725 level are noteworthy, while the RSI indicator is exhibiting a negative outlook at the 43 level. This indicates that the market is still under selling pressure. A 0.34% increase compared to the previous day is observed, which may point to a partial recovery attempt.
The oil market is experiencing volatility due to Israel's attacks on Lebanon and the increase in stock data released by the U.S. Energy Information Administration. Uncertainties in global markets, data on consumer confidence and job postings in the U.S., the Fed's monetary policy, and upcoming elections continue to influence the general direction of the market. In this context, the performance of U.S. and European stock markets is important in determining the direction of oil prices.
When the WTIUSD chart is examined in the 4-hour time frame, it is observed that the price moves within the 67.00-68.00 range. Currently, the 67.00 level is noted as support, while the 68.00 level is monitored as resistance. The RSI indicator is at 40, presenting a negative outlook. The price has decreased by 1.03% compared to the previous trading day. If the price breaks the 67.00 support, the levels of 66.50 and 66.00 may come into play. However, breaking the 68.00 resistance is important for an upward movement.
Oil prices are fluctuating due to geopolitical tensions in the Middle East and the stock data released by the U.S. Energy Information Administration. The conflicts between Israel and Lebanon are increasing uncertainty in the oil market, while the high stock data announced in the U.S. negatively impact demand expectations. In light of these developments, investors are closely monitoring the trajectory of the European and U.S. stock markets. Additionally, the upcoming Fed meeting and the elections could have significant impacts on the markets, alongside data on U.S. consumer confidence and job vacancies.
From a technical standpoint, the BRNUSD pair is currently trading at the 70.872 level. In the 4-hour chart, the 70.5 support level plays an important role, and if this level is breached, the 70 and 69.5 support levels may come into focus. In upward movements, the 71.5, 72, and 72.5 levels can be monitored as resistance. The RSI indicator is showing a negative trend at the 40 level, indicating that the selling pressure might continue. Compared to the previous day, there is a 0.84% decrease. In this context, it can be said that ongoing uncertainties are affecting oil prices in their search for direction.
The NASDAQ100 index continues to remain under pressure from rising 10-year treasury bond yields. Although Tesla's financial results, which exceeded expectations, have somewhat alleviated the pressure on the index, investors are closely monitoring the unemployment claims and preliminary services and manufacturing PMI data to be announced today. Approaching elections in the U.S. and expectations regarding the Fed's monetary policy are also among the factors determining market direction. Despite a mixed outlook in Asian markets, U.S. index futures are following a cautious path.
Technically, the NASDAQ100 index is trading in the 20250 – 20500 range. On the 4-hour chart, the index remaining consistently above the 20500 level could be significant for the continuation of upward movements. In this case, resistance levels at 20680 and 20750 may be targeted. In a downward move, the 20250 level is monitored as a critical support. If the index falls below this level, support levels at 20150 and 20000 could come into play. The RSI indicator is at 54 and displaying a positive trend, indicating that upward movements may be further supported. The index has gained 0.02% compared to the previous day.
Global stock indices are generally exhibiting negative performance this week. In Asia, Japan and Tokyo indices have experienced losses exceeding 2%, while the Russel 2000 index in the US is under similar pressure. In European markets, a sell-off pressure is observed across various country indices, including Germany. Notably, the DAX 40 index has drawn attention with a decline of around 1.50%. This situation has become more prominent due to global economic uncertainties and speculations regarding the upcoming US elections and the Fed's monetary policy.
Technically, the DAX 40 index is trading between the 19450 – 19535 levels, which are the 55 and 89 period moving averages. For upward movements, the first resistance levels to watch are set at 19720, 19800, and 19875. In the case of downward movements, the support levels are 19558, 19486, and 19350, respectively. The RSI indicator is in the neutral zone, with a 0.07% increase in the index compared to the previous day. Whether the index sustains movements above or below these moving averages could be significant in determining the trend direction.
NGCUSD is in search of direction ahead of the release of stock figures, along with data on consumer confidence and job openings in the US, as well as the impact of weather forecasts. Markets are focused on the upcoming US elections and the Fed's monetary policy statement. A mixed trend is observed in Asian indices, which further increases uncertainty regarding natural gas prices. The strengthening trend in the dollar might pressure natural gas prices, while developments in the energy sector and demand expectations influenced by weather conditions are affecting valuations.
Technically, on the NGCUSD chart in the 4-hour time frame, the resistance levels of 2.88 – 2.91 stand out. In downward movements, the support levels of 2.78, 2.75, and 2.72 can be monitored. The RSI indicator is at level 45, showing a negative trend. This may indicate short-term pressure on prices. A slight decline is observed compared to yesterday's close, and the price is trading at the level of 2.285. In this context, whether the price remains above the 2.78 support could be decisive in determining direction.
The EURUSD pair remains under pressure with the ongoing optimistic pricing in the Dollar Index. The preliminary Manufacturing and Services PMI data to be announced today could play a significant role in the pair's trajectory. The Dollar Index remaining above the 103.25 level supports the downward pressure on the pair. Additionally, expected rate cuts by the BoE and Fed by the end of the year, alongside uncertainties regarding the U.S. presidential elections, are also influential in the markets. Within this context, the Euro is observed to be weak.
From a technical perspective, the EURUSD pair is trading below the 1.0830 level, where the 34-period average is found, indicating a tendency for the pair to give weak reactions. In downward movements, the support levels of 1.0780, 1.0735, and 1.0690 are significant. Particularly, the 1.0780 level could provide clues as to whether the pair will see a corrective move or a trend rally. In upward movements, a move above the 1.0830 level suggests that the pair could recover to the 1.0940 – 1.0990 range, yet the overall outlook remains negative. The RSI indicator is at 42 and shows a negative outlook. The pair has decreased by 0.03% compared to the previous day.
The GBP/USD pair continues to remain under pressure with the positive trend in the Dollar Index. The forthcoming Manufacturing and Services PMI data to be announced in the UK and the US may influence the market's direction. On the central banks' side, the possibility of interest rate cuts by the Bank of England (BoE) and the Federal Reserve (Fed) in the remaining meetings of the year is being considered. However, it is thought that the US elections and potential policies of Trump could further strengthen the dollar. If the Dollar Index continues to trade above the 233-day moving average, the pressure on GBP/USD may persist.
Technically, the GBP/USD pair is trading near the 1.2985 support level on the 4-hour chart. If the pair falls below this level, it may decline towards the 1.294 and 1.29 support levels. On upward movements, the 1.303, 1.308, and 1.3135 levels can be monitored as resistance. The RSI indicator is at level 38 and exhibits a negative outlook. The pair has depreciated by 0.13% compared to the previous day. Technical indicators suggest that the pair remains under pressure and may continue its downward trend.
The Turkish Lira is displaying a relatively strong performance among the currencies of emerging markets. Although the USD/TRY pair is weaker compared to stronger currencies like the Peruvian Sol, it is ahead of the South African Rand. The pair is currently trading near the level of 34.27. During this period, when a mixed trend prevails in global markets, the uncertainties in Asian markets and the impacts of corporate earnings in the US are being monitored closely. Additionally, the influence of uncertainties regarding the US elections on gold prices is also being watched closely.
When looking at the technical outlook of the USD/TRY pair, the level of 34.09 stands out as an important support point. As long as the pair stays above this support, it can continue to exhibit a positive outlook. In upward movements, resistance levels at 34.30 and 34.37 should be monitored. Especially sustained movements above the level of 34.44 can contribute to strengthening the upward trend. The RSI indicator is showing a neutral trend, indicating that the market is currently searching for a clear direction. The pair has shown a slight increase of 0.01% compared to the previous day.
Despite rising tensions in the Middle East, the rise of the Dollar index caused the spot price of gold to depreciate. After refreshing a record near the 2760 level, gold retreated to the 2725 level with incoming sales. Global economic data and unemployment benefit claims in the U.S. could influence gold pricing today. Additionally, uncertainties regarding the U.S. elections and support plans for China's economy are among the factors affecting the overall market trend.
Looking at the chart, spot gold is trading at the 2782.16 level and has shown a 0.28% increase intraday. The 2700 level, supported by the 55-period exponential moving average, is being monitored as a significant support point. In the current situation, resistance levels are identified as 2790, 2800, and 2810, while support levels can be monitored at 2770, 2760, and 2750. The RSI indicator is showing a positive outlook, and sustained pricing above the 2790 level can be monitored for the continuation of upward movements.
WTI crude oil prices continue their upward movement due to the tension between Israel and Lebanon. While the stock increase data announced by the U.S. Energy Information Administration has a limited impact on the markets, geopolitical tensions appear to have a more dominant effect on oil pricing. The performance of European and U.S. stock markets during the day could also be decisive for oil prices. Additionally, the positive atmosphere seen in U.S. stock markets following Alphabet's better-than-expected earnings forecasts could be considered an indicator that may increase oil demand.
Technically, as long as WTIUSD remains above the 70.50 – 71.00 support zone on the 4-hour chart, it can continue its upward movement. Currently, prices hovering near the 68.00 support level may target the 68.50 and 69.00 resistance levels in upward movements. The RSI indicator shows a neutral outlook at the 50 level, indicating no significant directional trend in prices. An increase of 0.34% compared to the previous day is observed, and technical indicators suggest that the upward potential might continue. However, in case of potential declines, the 67.00, 66.50, and 66.00 levels should be monitored as support.
Crude oil futures gained upward momentum throughout the day despite heightened tensions in the Middle East, as the impact of the U.S. Energy Information Administration's inventory increase data remained limited. The tension on the Israel-Lebanon line created a bullish sentiment in the markets, while the performance of U.S. and European stocks is closely watched. Factors such as the earnings reports of technology giants in the U.S. and the upcoming elections could be decisive for market participants. The mixed outlook in Asia supports the fluctuating trend of global markets.
Analyzing the 4-hour timeframe on the chart, BRNUSD is observed to be trading near the 71.5 resistance level. In potential upward movements, the levels of 72 and 72.5 could be targeted. In downward movements, the support levels of 70.5, 70, and 69.5 should be monitored. The RSI indicator is at the 55 level, displaying a positive outlook. Prices, which increased by 0.40% compared to the previous day, indicate that the upward movement might continue. However, a strong support break and sustained closures may be necessary for a long-term uptrend.
While the NASDAQ100 index remains under pressure due to rising 10-year treasury bond yields, Tesla's financial results exceeding expectations are alleviating this pressure. During the day, unemployment claims and preliminary services and manufacturing PMI data could impact the index. While company profits led by the technology sector support the markets, uncertainties regarding the US elections and mixed trends in Asian markets are among other factors affecting the index.
From a technical perspective, when the NASDAQ100 index is examined on the 4-hour chart, a positive outlook may form if there are sustainable pricings above the 20500 level. In upward movements, resistance levels of 20680 and 20800 may come into focus. In downward movements, the support levels of 20500 and 20350 are monitored. The RSI indicator is at 55, showing a positive trend. The index has increased by 0.08% compared to the previous day. In light of this data, the market is exhibiting an indecisive course and continues its search for direction.
A generally negative trend prevails in global stock indices this week. Selling pressures are observed in many major economic regions from Asia to Europe. Losses in Japan's stock markets have exceeded 2%, while the Russel 2000 index in the U.S. is showing a similar decline. On the European front, the pressure on Germany's main index DAX 40 has approached 1.50%, bringing the index to a decision stage. This uncertainty in global markets is prompting investors to be cautious and may play a significant role in the future course of the index.
The DAX 40 index is moving in the 19450 – 19535 range, where the 55 and 89-period moving averages are located. If it can stay above these levels, the continuation of the positive trend and a movement towards the 19800 resistance level can be expected. If the downward pressure continues, the possibility of the index retreating to the 18995 – 19090 support area may arise. The RSI indicator is at 56.5, exhibiting a slightly negative outlook. In technical analysis, these levels followed by the index and the trend of the RSI indicator carry important signals for investors.
U.S. natural gas futures are continuing to approach $3, bolstered by positive weather forecasts before the inventory figures to be announced today. The general trend in European and U.S. markets, along with the inventory figures to be released by the U.S. Energy Information Administration, stand among the significant factors influencing pricing. After Alphabet's earnings forecasts exceeded expectations, the positive sentiment reflected in the markets is supporting U.S. stocks, yet Asian markets continue their mixed trend. Ongoing uncertainties in the Chinese economy and developments related to the U.S. elections may also have an impact on the markets.
From a technical standpoint, the NGCUSD pair is trading close to the 2.91 resistance level, and if this level is surpassed, the levels of 2.94 and 2.97 could be monitored. In downward movements, the levels of 2.85, 2.82, and 2.78 are important supports. The RSI indicator is at 53, indicating a neutral market outlook. A 0.26% increase is observed compared to the previous day. When analyzed on a 4-hour chart, it is important for the pair to remain above the 2.91 resistance to sustain its upward movement. However, potential retracements leading to closures below the 2.85 support level may increase selling pressure.
The EUR/USD pair continues to remain under pressure due to the optimistic pricing behavior of the Dollar Index and the European Central Bank's monetary policy expectations. Preliminary Manufacturing and Services PMI data, which are among the key developments of the week, might exert additional pressure on the pair. While the possibilities of rate cuts in the remaining Federal Reserve and Bank of England meetings of the year influence the EUR/USD, U.S. elections and Trump's policies are also significant focal points for the markets. The decline in inflation figures in the Eurozone supports ECB’s rate cut expectations and creates adverse effects on the pair.
Technically, the EUR/USD pair is trading below the 34-period average at the 1.0830 level, which may indicate the continuation of the weak reaction/strong trend theme. The levels of 1.0780, 1.0735, and 1.0690 are monitored as support for the pair. In upward movements, the levels of 1.087, 1.090, and 1.094 should be followed as resistance. The RSI indicator is at 47, showing a neutral outlook. The pair has experienced a 0.07% decline compared to the previous day. Technical indicators suggest that the pair may continue to exhibit a weak trajectory.
The GBP/USD pair continues to remain under pressure due to optimistic pricing in the Dollar Index. In particular, the preliminary Manufacturing and Services PMI data from the US and Europe could be decisive in the pair's short-term movements. On the central bank front, the expectation of a half-point rate cut from the BoE and the Fed by the end of the year is being debated among market players. On the other hand, the Dollar Index exhibiting a positive outlook above the 103.25 level contributes to the downward pressure on the GBP/USD pair.
From a technical perspective, when the GBP/USD pair is analyzed on the 1-hour chart, it is observed that the pair remains below the 34 and 55 period exponential moving averages (1.2980 - 1.3030). This suggests that the pair could pull back towards the 1.2900 and 1.2865 support levels. The RSI indicator is at 47, displaying a neutral trend. The pair has experienced a 0.10% decline compared to the previous day. In case of upward movements, the resistance levels to watch are 1.2985, 1.303, and 1.308. It should be considered that the pair needs to make sustained movements above the moving averages to recover.
USD/TRY pair is experiencing a day where emerging market currencies generally gain strength against the US Dollar. The Turkish Lira, with a 0.04% appreciation, is on the positive side, while the pair is currently trading near the 34.27 level. As the effects of US economic data and upcoming elections impact the dollar in global markets, the relatively stable status of the TL in Turkey is noteworthy. This situation could help the pair exhibit a positive outlook in the short term.
Technically, the USD/TRY pair is watching the 34.22, 34.16, and 34.07 levels as support. In upward movements, the resistance levels of 34.30, 34.37, and 34.45 should be monitored. On the chart, the pair shows a decrease of 0.07%. The RSI indicator stands at the 60 level and presents a positive outlook. At current levels, as indicated by the support and resistance zones and the RSI indicator, the pair's movements may contain upward potential in the short term. However, market movements and news flow could affect this situation.
Despite increasing tensions in the Middle East, the rise in the Dollar index is preventing the value of ounce gold from increasing. Recently, ounce gold rose to the level of 2760, but has retreated to the levels of 2725 due to selling pressure. Today, unemployment claims and PMI data to be announced in the US could impact the direction of ounce gold. Currently, ounce gold is fluctuating in the range of 2710 – 2730; a sustained move above 2730 may support a positive outlook. Otherwise, breaking the 2710 level could lead to further retreat in ounce gold.
Technically, ounce gold is trading at 2785.51 on the 4-hour chart. In upward movements, the levels of 2790, 2800, and 2810 can be monitored as resistance, while in possible pullbacks, the levels of 2780, 2770, and 2760 can be followed as support. The RSI indicator is at 48 and the market is showing a neutral trend. A drop of 0.06% compared to the previous day indicates that prices may continue to fluctuate in the short term.
WTI oil prices are showing a slight increase due to Israel's attacks on Lebanon. However, the rise in oil inventories announced by the U.S. Energy Information Administration is creating limited pressure on the market. Continuing uncertainties in global markets and movements in U.S. and European stock exchanges may influence the direction of oil prices. In addition, the PCE inflation in the U.S. and the upcoming elections stand out as determining factors in the course of oil prices.
In the technical outlook, while WTI oil prices move towards the resistance of 69.5 in the daily chart, the range of 68.5 – 68 is monitored as a support level. The RSI indicator is at 48, indicating a neutral trend. If prices surpass the 69.5 resistance, 70 and 70.5 levels could be seen as new targets. In downward movements, the level of 68 can be followed as an important support point. WTI, trading with a limited decrease of 0.03% compared to the previous day, is moving within a narrow band.
Oil futures are experiencing fluctuations influenced by geopolitical tensions in the Middle East. The continuation of Israel's attacks on Lebanon is exerting upward pressure on the oil market. However, the increase in stockpiles announced by the U.S. Energy Information Administration (EIA) is seen as a factor alleviating supply concerns. The trajectories of European and U.S. stock markets are among other important factors that could influence the direction of oil prices. As long as the prices remain above the support levels of 74.50 - 75.00, upward movements are expected to remain prominent.
Technically, when examining the BRN/USD chart on a 4-hour timeframe, it is observed that the price is trading at the 72.568 level. In upward movements, resistance levels of 73, 73.5, and 74 should be monitored. In downward movements, support levels of 72, 71.5, and 71 can be watched. The RSI indicator is at the 53 level, displaying a neutral outlook. The pair has shown a decline of 0.11% compared to the previous day. This indicates that prices are following a balanced course and the market is in search of a clear direction.
Although the NASDAQ100 index remains under pressure due to the rise in 10-year U.S. treasury bond yields, Tesla's earnings report, which exceeded expectations, somewhat alleviated this pressure. Throughout the day, claims for unemployment benefits and preliminary services and manufacturing PMI data can be closely monitored. In the U.S., the persistent nature of core inflation indicators is giving support to the dollar. While this situation could create pressure on the NASDAQ100 index, PCE inflation and non-farm employment data might be determining factors for the markets.
When examining the NASDAQ100 index on a 4-hour time frame chart, it is noted to be trading between the levels of 20250 – 20500. The levels of 20350, 20250, and 20150 are monitored as support zones, while 20500, 20680, and 20800 levels stand out as resistance zones. The RSI indicator is at the level of 45, showing a negative outlook. Compared to the previous day, the index has experienced a decrease of 0.52%. In light of this data, it can be said that the index is at a decision stage based on its technical outlook.
The DAXEUR pair is under downward pressure as global stock indices generally show negative performance on the fourth trading day of the week. Declines in chip sector stocks in Asian markets and losses experienced by the U.S. small-cap index Russell 2000 are also impacting the DAX. The selling pressure observed across Europe in Spain, Italy, France, the United Kingdom, and Germany has caused the DAX40 index to drop by around 1.50%. This pressure can be attributed to global economic uncertainties and concerns regarding the upcoming U.S. elections.
From a technical perspective, the DAXEUR pair may find support at levels 19195, 19090, and 18995, while upward movements could face resistance at levels 19350, 19485, and 19630. On the daily chart, we observe that the pair is squeezed between the 55 and 89-period moving averages. The RSI indicator is at level 44, exhibiting a negative outlook. The pair, trading with a 0.37% decline compared to the previous day, may face further selling pressure as it approaches the support levels. Possible rebound purchases from these levels will be critical in determining the pair's direction.
U.S. natural gas futures are on an upward trend, supported by upcoming inventory data and weather forecasts. Movements in European and U.S. markets, as well as inventory figures to be announced by the U.S. Energy Information Administration, could be decisive in pricing direction. In global markets, there's a mixed outlook due to pressure in the chip sector in Asia and the impact of economic data in the U.S. Especially significant economic indicators to be announced in the U.S. may cause fluctuations in the markets.
Technically, in the daily NGCUSD chart, the levels of 2.78, 2.75, and 2.72 can be monitored as support. In upward movements, the levels of 2.85, 2.88, and 2.91 stand out as resistance. The RSI indicator is at the 50 level, showing a neutral outlook. It is observed that the pair is following a slightly positive trend with a 0.61% rise compared to the previous day. Current price movements and technical indicators suggest that the pair might test certain resistance levels; however, a stronger momentum could be gained if a breakout occurs.
The EUR/USD pair continues to be under pressure on the fourth trading day of the week due to optimistic pricing behavior in the Dollar Index. The preliminary Manufacturing and Services PMI data to be announced today could have a significant impact on the pair. Furthermore, it is expected that the BoE and the Fed will cut interest rates by a total of half a point over the remaining two meetings of the year, while the ECB is expected to cut by a quarter point. These developments could create a scenario favorable to the dollar and unfavorable to the euro. The Dollar Index's movement above its 233-day average is causing continued downward pressure on the EUR/USD pair.
From a technical analysis perspective, the EUR/USD pair is trading at the 1.087 support level. The pair could decline towards the 1.083 and 1.078 levels. In upward movements, the resistance levels of 1.090, 1.094, and 1.099 should be monitored. The RSI indicator is below the 50 level and shows a negative trend. The pair has been observed to lose 0.10% in value compared to the previous day. Price movements below the 1.083 level may indicate that the downtrend in the pair will continue.
The GBPUSD pair continues to remain under pressure due to the strong trend in the Dollar Index. The release of PMI data in the US and the expectations of interest rate cuts by central banks may lead to an increase in demand for the dollar. This is highlighted as one of the main factors increasing the downward pressure on the GBPUSD pair. Additionally, the reemergence of Trump among the US presidential candidates and the scenario of further strengthening of the dollar could maintain the weak trend in the pair.
From a technical analysis perspective, the GBPUSD pair is trading below the exponential moving averages at the 1.2980 and 1.3030 levels. The pair's continued movement below these levels is significant for the persistence of downward pressure. While the 1.2900 and 1.2865 levels are monitored as support, the 1.2820 level should be followed as an important bottom point. In upward movements, the 1.2940, 1.2985, and 1.3030 levels can be considered as resistance. The RSI indicator is in a negative trend, having dropped below the 40 level. The pair shows a decline of 0.09% compared to the previous day, indicating that the weakness may persist.
The USD/TRY pair stands out with a slightly strong performance of the Turkish Lira on a day when the currencies of emerging countries are generally maintaining their strength. While weak technology company earnings in the U.S. and increasing risks in the Middle East cause fluctuations in global markets, positive data from China have strengthened some Asian indexes. The upcoming non-farm payrolls data in the U.S. and the expectation of a rate cut by the Fed may have a significant impact on the dollar.
In the chart, the USD/TRY pair is trading between the support levels of 34.33 and 34.22, with resistance levels of 34.37 and 34.45 being monitored during upward movements. The pair is trading near the 34.27 level on the 4-hour chart. The RSI indicator is at 57, showing a positive outlook. It has increased by 0.19% compared to the previous day. For the continuation of the upward trend in the pair, breaking the 34.37 resistance is crucial. However, a sustained move below the 34.33 support could bring potential reaction selling into focus.
Despite the rising tensions in the Middle East, the increase in the dollar index has put pressure on gold. In particular, upcoming unemployment claims and preliminary PMI data from the U.S. may be decisive for gold pricing. With the dollar maintaining its strength, spot gold pulled back to the 2725 level after hitting a new record of 2760, driven by selling waves. In this process, gold fluctuating between 2710-2730 levels indicates it is at a critical decision point in the short term.
From a technical perspective, the XAU/USD pair is observed on a 4-hour time frame on the chart. Levels 2740, 2730, and 2720 stand out as important support areas, while upward movements might target resistance levels at 2760, 2770, and 2780. The RSI indicator, showing a slightly positive outlook, is at level 55. The pair has increased by 0.33% compared to the previous day. Sustaining above the 2730 level is important for the sustainability of the positive trend. However, if it falls below the 2710 level, further declines can be expected.
WTI oil prices are on an upward trend amid increased tensions in the Middle East and the impact of Israel's attacks on Lebanon. However, the data released by the U.S. Energy Information Administration indicating a rise of 5.5 million barrels in inventories had a limited effect on yesterday's pricing. Factors such as fluctuations in Asian markets, financial reports of U.S. technology companies, and non-farm employment data are also impacting global market movements. Particularly, the tension between Iran and Israel contributes to the upward movement in oil prices.
Technically, WTI oil prices are managing to stay above the support levels of 70.50 – 71.00. In upward movements during the day, the resistance levels of 71.00, 71.50, and 72.00 can be monitored. The RSI indicator is at the 48 level, presenting a neutral outlook. There has been a 0.13% increase compared to the previous day. In the event of possible pullbacks, the support levels of 70.00 and 69.50 can be observed. If prices fall below 70.50, the downward trend may strengthen.
Oil prices continue to rise due to increasing geopolitical tensions in the Middle East. Israel's attacks on Lebanon and Iran's planned attacks on Israel are heightening risk perception in the region, putting upward pressure on oil prices. At the same time, the impact of the stock increase data announced by the U.S. Energy Information Administration has remained limited. In addition to the trajectory of global markets, upcoming non-farm employment data from the US and Fed expectations will also influence pricing.
Technically, the BRNUSD pair continues to test the resistance level of 74.50. In upward movements, the levels of 75.00 and 75.50 can be monitored as resistance. In potential downward movements, the levels of 73.50, 73.00, and 72.50 can be followed as support. The RSI indicator is at the level of 45, indicating a neutral market outlook. It is observed that the pair has increased by 0.22% compared to the previous day. Under these conditions, the direction in which pricing will develop will continue to be determined by the fundamental dynamics of the market.
The NASDAQ100 index remains under pressure due to rising 10-year treasury bond yields, though this pressure was partially alleviated by Tesla's earnings report that exceeded expectations. In terms of price movements within the day, unemployment claims and preliminary services and manufacturing PMIs are critically important. Weakness in the financial reports of US technology companies is also exerting pressure on Asian indices, while a positive divergence was experienced thanks to China's Caixin manufacturing PMI data. The non-farm employment data in the US and expectations regarding the Fed's interest rate decision can also have a significant impact on the markets.
Technically, the NASDAQ100 index is trading near the 20000 support level on the daily chart. In upward movements, resistance levels at 20150 and 20350 can be observed. If the index shows a sustained move above the 20500 level, a positive outlook may develop. In downward movements, support levels at 19900 and 19800 can be monitored. The RSI indicator stands at 47, presenting a neutral appearance. The index has shown an increase of 0.48% compared to the previous day.
The DAXEUR pair is trading under general pressure in global markets. Declines in US and Asian stocks are also impacting European indices. In particular, the approximately 1.50% drop in Germany's DAX 40 index is worrying investors. This decline is being considered in conjunction with the general uncertainty in European stock markets. Additionally, global economic data and especially the US non-farm payrolls data could lead to new price movements in the markets.
Technically, DAXEUR is approaching support zones at the 19090 and 18995 levels on the daily chart. If it stays below these levels, there is a likelihood of a pullback towards the 18885 level. In upward movements, resistance levels at 19275, 19350, and 19435 can be monitored. The RSI indicator is currently at 45, presenting a neutral outlook. The pair has experienced a 0.05% decrease compared to the previous day, indicating a noticeable selling pressure in the market.
The NGC/USD pair is moving towards 3 dollars, supported by weather forecasts, ahead of upcoming U.S. natural gas futures inventory data. The performance of European and U.S. markets, along with the inventory numbers to be announced by the U.S. Energy Information Administration, could be decisive for the direction of the pair. Particularly, the upward outlook can be maintained as long as it stays above the 2.880 – 2.910 support levels. However, in a potential downside scenario, closures below the 2.880 level should be monitored. In this case, the 2.850 and 2.820 levels might come into focus.
Technically, on the daily chart, the pair is moving toward the 2.75 resistance level, with 2.675, 2.65, and 2.61 levels being monitored as support. The RSI indicator is at 30, exhibiting a negative trend, indicating that it is in the oversold region and the likelihood of a short-term recovery is low. In the last 24 hours, the pair has increased by 1.33%, yet it suggests that caution is needed in the overall outlook.
The EUR/USD pair continues to remain under pressure due to optimism in the Dollar Index. The preliminary Manufacturing and Services PMI data to be released today will be significant in terms of their impact on the pair. On the other hand, the upcoming US Presidential elections and developments regarding central banks' interest rate policies could also lead to volatility in the markets. The ECB is expected to make a quarter-point rate cut by the end of the year, while the BoE and Fed are projected to make a combined half-point cut in the remaining two meetings of the year. Additionally, a strong dollar and weak euro scenario could be strengthened by Trump's possible tariff policies.
Technically, the EUR/USD pair is trading near the support level of 1.086. The pair could be experiencing a pullback with the 1.083 and 1.078 levels being monitored as support. In upward movements, the levels of 1.09, 1.094, and 1.099 can be monitored as resistance. The RSI indicator is at 44, showing a negative trend. The pair has recorded a 0.02% decline compared to the previous day. The pair remaining below the 34-period average of 1.0830 indicates that the weak response and strong trend theme may continue.
The GBP/USD pair remains under pressure due to the positive pricing behavior in the Dollar Index. There is still uncertainty about the direction of the pair ahead of the release of Manufacturing and Services PMI data. The likelihood of interest rate cuts in the remaining meetings of the BoE and Fed are among other fundamental factors affecting the pair. The presidential elections in the US and Trump's policies are also causing the dollar to strengthen. Especially the index staying above the 103.25 level continues to exert downward pressure on the GBP/USD and EUR/USD pairs.
Technically, the GBP/USD pair is trading below the resistance levels of 1.298 and 1.303 on the 4-hour chart. These levels could form significant resistance points in the pair's upward movements. On the downside, the 1.294 and 1.290 support levels are being monitored. The RSI indicator is at 44 and shows a negative outlook. The pair recorded a decline of 0.04% compared to the previous day. Staying above the 1.2900 support could increase the short-term recovery potential of the pair, but if the current pressure persists, the 1.2865 support may be tested.
The USD/TRY pair is showing a limited strengthening despite the resilient stance observed against the dollar across emerging markets. The Turkish Lira has appreciated by 0.04% against the US Dollar, but the pair is still trading close to the 34.27 level. The positive sentiment in Asian markets has created cautious optimism in the markets ahead of the US elections. However, the upcoming US election and expectations of a Fed rate cut are creating uncertainty in the markets. Since these uncertainties have the potential to increase demand for the dollar, the pressure on the Turkish Lira may persist.
Technically, the USD/TRY pair continues its upward movement. When examining the 4-hour time frame chart, the 34.30 level is monitored as support, while 34.37 and 34.43 levels are resistance in upward movements. The RSI indicator is at 54, exhibiting a positive trend. The pair has shown a slight change of 0.02% compared to the previous day. Current technical indicators suggest that the upward trend in the pair may continue. However, if a sustained move below the 34.30 support is observed, it should be considered that selling pressure may increase.
Despite the tension in the Middle East, the rise in the dollar index continues to pressure gold. Sales from the record level of 2760 have caused gold to retreat to the 2725 level. Unemployment claims and preliminary service and manufacturing PMI data to be announced in the US could affect gold pricing. During this process, the 2710-2730 range is being monitored as a critical threshold. Holding above the 2730 level could provide a positive outlook in the short term, while staying below this level could lead to a negative trend.
From a technical analysis standpoint, gold is testing the 2730 resistance on the 4-hour chart. If a sustained move above this level is achieved, the 2750 and 2760 resistance levels could be targeted. In downward movements, the 2720 and 2710 support levels become significant. The RSI indicator is at 52, exhibiting a neutral outlook. Compared to the previous day, the price has increased by 0.04%, but this increase is limited and should be monitored carefully. If the level drops below 2700, the potential for a deeper pullback should be considered.
WTI oil prices are rising due to Israel's attacks on Lebanon. The increasing stock data announced by the U.S. Energy Information Administration has eased the pressure on oil, and the trends of European and U.S. exchanges are being closely monitored. In the U.S., the uncertainty of the election process and the upcoming interest rate announcements by the Fed are being carefully followed in the markets. Although the positive trend in Asian indices increases risk appetite in global markets, the outcome of the U.S. elections and their potential effects may also influence oil pricing.
Technically, while WTI oil prices are at the level of 71, resistance levels of 72 and 72.5 can be monitored for upward movements. In downward movements, support levels of 71, 70.5, and 70 are being tracked. The RSI indicator is at 71 and shows a negative outlook. A decline of 0.30% has been observed compared to the previous day, and overcoming the 72 resistance is important for the prices to gain upward momentum.
Despite the rising tensions between Israel and Lebanon, oil prices have been subjected to only a limited impact, owing to the increase in stocks reported by the U.S. Energy Information Administration. Developments in the Middle East create uncertainty in oil markets, while the direction of European and U.S. stock exchanges could influence pricing trends. In particular, the U.S. elections and subsequent Fed interest rate decisions may cause fluctuations in the markets. During this period, oil prices finding support at the 74.50 – 75.00 levels could indicate the continuation of upward movements.
From a technical analysis perspective, BRNUSD continues to remain above the 74.50 - 75.00 support zone on the 4-hour chart. In upward movements, the 75.50, 76.00, and 76.50 levels can be monitored as resistance. The RSI indicator is at the 45 level, indicating a neutral outlook. However, a 0.26% decline in prices might create slight pressure in the short term. In the event of a downside break, the 74.00 and 73.50 levels could come into play as support.
The NASDAQ100 index is under pressure due to the rise in U.S. 10-year bond yields, while Tesla's earnings report, which exceeded expectations, is attempting to limit this pressure. The general positive trend in Asian markets ahead of the U.S. elections and positive service data from China may also influence the direction of the index. The uncertainty surrounding the upcoming U.S. elections and the subsequent Fed meeting could cause fluctuations in the markets. Unemployment claims and preliminary services and manufacturing PMI data are among other factors that may influence index pricing in the short term.
Technically, the NASDAQ100 index is moving close to the primary support level of 20000. In upward movements, resistance levels of 20150, 20350, and 20500 can be monitored. In downward movements, support levels of 19900 and 19800 can be observed. The RSI indicator is at 48, showing a neutral trend. The index appears to have lost 0.03% of its value during the day. Technical indicators and current support-resistance ranges will be decisive for the direction of pricing.
The DAXEUR pair continues to remain under pressure on the fourth trading day of the week due to the overall negative performance in global stock indices. Losses in Asian and American markets have also affected European indices, impacting the DAX40. The economic uncertainties in Germany and general stagnation expectations in international markets are increasing the selling pressure on the index. It is noted that the index shows a tight trend between the 55 and 89-period moving averages, and if it remains above these levels, there is a possibility of recovering towards the 19800 peak.
In technical analysis, the support levels observed on the 4-hour chart for the DAX40 index have been determined as 19195, 19090, and 18995. If these levels are breached, the downward pressure may increase. For upward movements, resistance levels are monitored at 19275, 19350, and 19435. The RSI indicator is currently at the 54 level, presenting a neutral outlook. The index has shown a 0.09% increase compared to the previous day, suggesting the market is in a search for direction. The movements of the index between support and resistance levels today may be decisive for the short-term direction.
U.S. natural gas futures are attempting to move towards $3, bolstered by supportive weather forecasts. Markets are focused on the stock figures to be released by the U.S. Energy Information Administration. Additionally, the trajectory of European and U.S. stock markets may also influence natural gas pricing. As long as prices remain above the 2.880 – 2.910 support levels during the day, the upward trend may continue. However, falling below these levels could indicate a new downward trend.
In the daily timeframe chart, the NGCUSD pair finds support at 2.75, 2.72, and 2.675, while upward movements are resisted at 2.82, 2.85, and 2.88 levels. The RSI indicator is slightly positive, positioned above the 50 level. The pair's 1.36% increase compared to the previous day shows that buyers maintain control in the short term. However, surpassing the 2.88 resistance level could enhance the upward potential.
The EUR/USD pair continues to be under pressure due to positive price movements in the dollar index and the uncertainties created by the upcoming PMI data. The expectation that the European Central Bank will cut interest rates by the end of the year is causing the euro to remain weak, while the U.S. presidential elections and the Fed's interest rate decision are also closely watched by the markets. In particular, the dollar index staying above the 103.25 level strengthens the dollar and contributes to the continuation of the downward pressure on the EUR/USD pair.
Technically, the EUR/USD pair is trading below the 34-period moving average in the 1.0830 region, with 1.0780, 1.0735, and 1.0690 levels being monitored as support in downward movements. In upward recoveries, 1.090, 1.094, and 1.099 levels can be watched as resistance points. The RSI indicator is currently neutral at the 50 level. It is observed that the pair has gained 0.58% in value during the day, but the overall outlook still maintains a negative trend.
The GBP/USD pair continues to remain under pressure due to the strong outlook of the Dollar Index and the general demand for the dollar in the markets. With the preliminary Manufacturing and Services PMI data to be announced today, it appears that there may be more pressure on the pair. The rate cut expectations from both the BoE and the Fed also create a bidirectional effect. Particularly, the uncertainty before the U.S. elections and the additional risks that Trump's policies might create could support the downward movement of the pair.
Technically, the GBP/USD pair is trading below the 34 and 55 period exponential moving averages (1.2980 - 1.3030) on the 1-hour chart. This suggests that downward pressure might continue. The 1.294 and 1.29 levels are monitored as support, and if these levels are broken, a pullback towards the 1.2865 support can be observed. In upward movements, the 1.303 and 1.308 resistance levels should be followed closely. The RSI indicator is at the 47 level, showing a neutral outlook. The pair has experienced a 0.55% decline compared to the previous day.
The USD/TRY pair may experience fluctuations influenced by critical developments such as the US elections and the upcoming Fed interest rate decision. During a period when the dollar index is weakened by pre-election uncertainties, the Turkish Lira's efforts to remain strong are noteworthy. The inflation rate in Turkey for October coming out above expectations is putting pressure on the TL, but it is observed that the TL is relatively performing more strongly among emerging market currencies. Uncertainties in global markets could also lead to fluctuations in the USD/TRY pair.
From a technical perspective, the USD/TRY pair is trading close to the 34.30 level. The 34.30, 34.22, and 34.16 levels can be monitored as support. In upward movements of the pair, resistance levels of 34.37, 34.43, and 34.49 are significant. The RSI indicator is at the 46 level, exhibiting a neutral outlook. The pair is trading with a 0.018% decrease compared to the previous day. If it falls below the 34.30 support level, movements in favor of the TL may accelerate; however, if it maintains above this level, upward attempts may continue.
Despite the high tension in the Middle East, the rise of the Dollar index continues to exert pressure on ounce gold. After record pricing near the 2760 level, selling pressure led the precious metal to decline to the 2725 level. Markets will closely follow today’s US data on unemployment claims and preliminary service and manufacturing PMI figures. Maintaining stability above the 2730 level is highlighted as an important criterion for sustaining a positive outlook, whereas movements below this level could increase negative expectations.
When examining the 4-hour chart for ounce gold, the price is observed to fluctuate between the 2710 and 2730 levels. A sustained move above 2730 could allow the price to aim for the 2740 and 2750 resistance levels. Otherwise, slipping below 2710 could bring the 2700 and 2690 support levels into focus. The RSI indicator is at 68, exhibiting a positive trend, indicating that the current recovery efforts may maintain their strength. There is a decrease of 0.11% compared to the previous day, and the 2700 level, supported by the 55-period exponential moving average, can be monitored as a critical support region in downward movements of the price.
Oil prices have started to rise due to Israel's attacks on Lebanon. While the U.S. Energy Information Administration's stock increase data has a short-term effect, uncertainties regarding the U.S. elections and Fed decisions are causing a cautious stance in the market. Fluctuations in the dollar index and U.S. bond yields can also impact oil prices.
WTIUSD is displaying an upward trend on the four-hour charts. The pair is trying to test the 71 resistance level while continuing to stay above the 70.50 level. The RSI indicator is at 60 and shows a positive outlook. Price movements exhibit an upward change of 1.89%. In downward movements, the 70, 69.5, and 69 support levels can be monitored. The 71.5 and 72 resistance levels can be targeted in upward movements.
The oil market started the day with an increase as Israel's continued attacks on Lebanon and the U.S. Energy Information Administration's stock increase data had limited impact yesterday. Uncertainties before the U.S. elections and the upcoming Fed interest rate decision could affect oil pricing. Additionally, the performance of European and U.S. stock markets will be closely monitored throughout the day. In the market, as long as pricing remains above the 74.50 – 75.00 support, an upward outlook might dominate.
From a technical perspective, when the BRNUSD chart is examined in the short-term timeframe, it is likely for prices to test the resistance levels of 74.5, 75, and 75.5. In downward movements, the levels of 73.5, 73, and 72.5 are monitored as support. The RSI indicator exhibits an upward momentum with a positive trend, indicating that buyers dominate the market. The change in the chart indicates a 1.99% increase compared to the previous day.
The NASDAQ100 index is currently influenced by developments such as political uncertainties in the US and the upcoming Fed interest rate decision. Uncertainty in pre-election polls and Trump's rising momentum are causing indecision in the markets, leading to fluctuations in the dollar index and bond yields. Tesla's financial results, which exceeded expectations, have slightly eased this pressure. In global markets, while Japan is closed for a holiday, the Hang Seng and Shanghai indices showed slight increases. US 10-year bond yields are trading at 4.31%.
From a technical perspective, the NASDAQ100 index is in a decision phase, trading between the levels of 20250 and 20500. Persistent pricing above the 20500 level could strengthen the positive outlook, and, in this case, resistance levels of 20650 and 20750 could be tested. Additionally, the upper region of the trend channel at the 20580 level should be monitored as a threshold for the continuation of the rise. On the other hand, movements below the 20250 support could create a negative outlook, potentially leading to pullbacks towards the support levels of 20150 and 20000. The RSI indicator is currently at 57, reflecting a positive outlook in the market. The index has shown a 0.29% increase compared to the previous day.
The DAX 40 index continues to be influenced by the negative performance observed across global stock indices on the fourth trading day of the week. While there is a general pressure in the European markets, the DAX 40 index in Germany is also affected by this trend. The index, experiencing a loss of around 1.50%, has reached a decision point due to uncertainties in global markets and the developments preceding elections in the USA. To maintain its long-term positive trend, the index needs to stay above current averages.
Technically speaking, on the daily chart, the DAX 40 index can find support at the 19,275, 19,195, and 19,090 levels, while upward movements are tracked at the resistance levels of 19,435, 19,530, and 19,630. The RSI indicator is at 44, indicating a negative market outlook. The index has registered a decrease of 0.75% compared to the previous day's closing. This suggests the index may remain under further selling pressure and requires careful monitoring.
U.S. natural gas futures are tending to approach the $3 level ahead of the positive impact of weather forecasts and today's impending inventory data release. In addition to the trends in European and U.S. markets, the inventory figures to be announced by the U.S. Energy Information Administration are also important for pricing. As long as natural gas prices remain above the 2.880 - 2.910 support levels, the upward trend may be maintained. However, given market dynamics, global factors such as election uncertainty and the FED's interest rate policy should also be considered.
When examining the NGC/USD pair on a daily chart, the price is attempting to recover from the 2.54 support level. In upward movements, the resistance levels of 2.61, 2.65, and 2.675 can be monitored. The RSI indicator is at the 50 level, presenting a neutral outlook. The pair's slight 0.19% rise compared to the previous day's closing indicates that buyers are cautiously present in the market. However, in potential pullbacks, the levels of 2.505 and 2.475 can be considered as new support areas.
The EUR/USD pair continues to be under pressure with the optimism in the Dollar Index. In particular, expectations regarding the results of the presidential elections in the US and scenarios related to Trump's potential re-election are strengthening the Dollar. While markets closely follow the preliminary Manufacturing and Services PMI data, the pair is expected to show a negative trend if the positive trend in the Dollar Index continues following the release of these data. Additionally, expectations about the ECB's interest rate decisions are also putting pressure on the Euro.
From a technical perspective, the EUR/USD pair is hovering near the 1.0735 support level. The 1.0705 and 1.0675 levels stand out as additional support points to be monitored further down. For upward movements, the resistance levels of 1.08, 1.087, and 1.094 should be watched. The RSI indicator is at 38, depicting a negative outlook. The pair shows a decline of approximately 1.53% compared to the previous day, indicating that the selling pressure persists. In this context, tracking price movements within the framework of support and resistance levels will be crucial for assessing potential trend changes.
The GBP/USD pair continues to remain under pressure due to the strong course of the dollar index and the political developments in the US. The global strengthening of the dollar increases the downward pressures on the GBP/USD pair. The preliminary Manufacturing and Services PMI data to be announced this week may enhance market volatility. Expectations of interest rate cuts at the upcoming meetings of the BoE and the Fed may also affect the pair. In particular, the US presidential election results and the market reactions to Trump's policies will be decisive in the direction of the pair's movement.
From a technical perspective, the GBP/USD pair is moving below the 34 and 55-period exponential moving averages on the daily chart. This indicates that the pair maintains its downward trend. If the pair drops below the 1.2890 level, the probability of a retracement towards the 1.286 and 1.282 support levels may increase. In upward movements, the 1.294 and 1.298 resistance levels should be monitored. The RSI indicator is around the 40 levels, exhibiting a negative outlook. The pair's 1.10% decrease compared to the previous day indicates a significant selling pressure in the markets.
The USD/TRY pair is being shaped by the uncertainty created by the U.S. election results and the growth-oriented policies of the Trump administration. The U.S. dollar index has shown strong performance, reaching its highest levels since July. This situation affects the risk perception in global markets and creates pressure on emerging market currencies. However, the Turkish Lira exhibits a stronger stance compared to other currencies, limiting the fluctuations in the USD/TRY pair.
When analyzing the USD/TRY pair in a 4-hour timeframe on the chart, the 34.30 level emerges as strong support. In upward movements, the resistance levels of 34.37 and 34.43 should be monitored. If the pair surpasses these resistance levels, it may move towards the 34.48 level. The RSI indicator is at 52, showing a neutral outlook. There has been a slight decrease of 0.04% compared to the previous day, indicating that the market is moving sideways.
Despite ongoing geopolitical tensions in the Middle East, gold is pressured by the rising dollar index. The precious metal dropped to the 2725 level after testing the 2760 level due to subsequent selling. The U.S. unemployment claims and preliminary service and manufacturing PMI data to be announced today could affect gold pricing. Projections showing Trump gaining prominence in the U.S. elections increase upward pressure on the dollar, causing gold to encounter resistance.
Technically, gold fluctuates between 2710 and 2730 levels and is in a decision-making phase in this region. The current chart observes price action in a 4-hour timeframe, indicating resistance levels at 2750 and 2760 in upward movements. In downward movements, 2730, 2720, and 2710 support levels are monitored. The RSI indicator is at the 45 level, showing a slight negative trend. A decrease of 0.18% compared to the previous day is observed. Especially if there is a sustained move below the 2710 level, further declines may be noted.
Oil prices are on an upward trend despite increasing tensions between Israel and Lebanon and the U.S. Energy Information Administration’s stock increase data. Expectations created by the vote counting process in the U.S. and Trump's pro-growth policies are also influencing the markets. The strengthening of the dollar and the rise in U.S. bond yields may indirectly affect oil pricing. However, current geopolitical tensions and uncertainties regarding the U.S. election results will be decisive for the direction of oil prices in the short term.
From a technical perspective, the WTIUSD chart is being examined on a 4-hour time frame. The pair is continuing its upward movement, gaining strength from the 71.00 support level. Levels of 72.00 and 72.50 should be monitored as resistance points if the upward movement persists. The RSI indicator stands at 46, indicating a neutral outlook. This suggests that the market has not determined a clear direction. In downward movements, levels of 70.50 and 70.00 should be monitored as supports. A decline of 1.72% compared to the previous day is observed.
Oil prices are on an upward trend due to tensions between Israel and Lebanon. Data from the U.S. Energy Information Administration indicating an increase in stocks had a limited impact the previous day. As the course of U.S. and European markets is closely monitored, prices remaining above the 74.50 – 75.00 support levels could sustain the upward outlook. In potential rises, levels of 76.50 and 77.00 can be targeted, while movements below the 74.50 level in possible declines may indicate a more pronounced downward trend.
From a technical perspective, the chart is monitored on a four-hour timeframe. Oil prices are tracking support levels at 74.00, 73.50, and 73.00. In upward movements, resistance levels at 75.50, 76.00, and 76.50 are significant. The RSI indicator shows a negative outlook at level 40. Prices have decreased by 1.69% compared to the previous day, which may indicate that the downward trend could continue. However, maintaining the 74.00 level could keep the short-term recovery potential alive.
The NASDAQ100 index remains under pressure due to the rise in U.S. 10-year treasury bond yields. However, Tesla's financial results, which exceeded expectations, have partially eased this pressure on the index. Unemployment claims and preliminary services and manufacturing PMI data in the U.S. could be decisive for the direction of the index. The ongoing vote counting and projections in the U.S. create a significant impact on the markets. The rise in the U.S. dollar index and the increase in bond yields have heightened market volatility. The growth-oriented policies of the Trump administration are perceived positively for companies but also bring inflation concerns.
Technically, NASDAQ100 is trading in the support range of 20500 - 20350. In upward movements, resistance levels of 20680 and 20800 can be monitored. Sustaining above the 20500 level could create a positive momentum. The RSI indicator is at the 60 level, displaying a positive outlook. The index, which increased by 1.09% compared to the previous day, needs to surpass resistance levels to maintain its positive trend. If it falls below the 20250 level, the 20150 support level may come into focus.
The DAX 40 index is facing a decline of around 1.50%, influenced by the overall negative sentiment in global markets. This situation could represent a critical threshold for the positive trend the index has maintained for a long time. The general downward trend in Asian and European stocks, along with losses in small-cap indexes in the US, is putting pressure on the DAX 40. Notably, the losses in Japan and the US are significant. Currently, the DAX 40 is trading between the 55-day and 89-day moving averages, at levels of 19450 and 19535. Movements above these levels could help preserve the positive trend, while a contrary scenario poses a risk of falling to the support zone of 19090-18995.
From a technical analysis perspective, the DAX 40 index is currently trading at 19199 and is being monitored on a daily chart. The levels of 19195, 19090, and 18995 are tracked as support, while the levels of 19350, 19435, and 19530 are monitored as resistance. The RSI indicator is at 44, indicating a negative trend. The index, which lost 0.68% compared to the previous day, may continue to remain under pressure. To clarify the medium-term outlook, the index's sustained movements between the identified support and resistance levels are important.
U.S. natural gas futures, nearing the $3 mark, are being supported by weather forecasts ahead of stock data to be released today. The figures to be announced by the U.S. Energy Information Administration, along with the trend of U.S. and European stock exchanges, could determine the direction of pricing. For the market's upward movement to continue, it is important for prices to remain above the 2.880 – 2.910 support. In potential rises, the levels of 3.000 and 3.040 could be targeted, while in a decline scenario, if prices fall below 2.880, the levels of 2.850 and 2.820 could come into play.
From a technical perspective, when examining the NGCUSD pair on a daily chart, levels of 2.65, 2.61, and 2.58 can be watched as support, while resistance levels stand out at 2.7, 2.72, and 2.755. The RSI indicator presents a neutral outlook, not providing a clear signal about the market's direction. The pair has shown an increase of 1.028% compared to the previous day, indicating that an upward movement may dominate. However, if the price surpasses the specified resistance levels, it could gain stronger upward momentum.
The EUR/USD pair continues to be under pressure due to the optimistic atmosphere in the dollar index and the weak Euro. The preliminary Manufacturing and Services PMI figures to be released today could influence the direction of the pair. Expectations that the BoE and the Fed will resort to rate cuts by the end of the year, while the ECB is anticipated to close the year with a more limited cut, are among the developments being closely monitored by the markets. Additionally, the possibility of the dollar strengthening with the approach of the U.S. Presidential elections and the Trump effect should not be overlooked.
Technically, the EUR/USD pair is trading below the 34-period moving average at the 1.0830 level. This level can be considered as short-term resistance for the pair. Downward movements are being observed at support levels 1.077, 1.0735, and 1.0705. The RSI indicator stands at the 40 mark, displaying a negative outlook. The pair has decreased by 0.17% compared to the previous day. In the current situation, it seems likely that the pair will test the support point at the 1.0770 level.
On the fourth trading day of the week, the GBP/USD pair continues to remain under pressure due to optimistic pricing behaviors in the Dollar Index. Particularly with the release of preliminary Manufacturing and Services PMI data, the positive scenario for the index and the negative scenario for the pair could be supported. On the central banks' front, while a half-point rate cut is expected for both the BoE and the Fed for the remainder of the year, the ECB is anticipated to conclude the year with a quarter-point cut. The movement of the Dollar Index above its 233-day average supports downward pressure on GBP/USD and EUR/USD pairs.
From a technical perspective, the GBP/USD pair remains below the 34 and 55 period exponential moving averages (1.2980 - 1.3030 region). In this case, it's possible for the pair to decline towards the 1.2900 and 1.2865 support levels. For the current scenario to be considered invalid, the pair needs to demonstrate a sustained move above these averages. If the pair recovers, the 1.298 - 1.303 - 1.308 resistance levels should be monitored. The RSI indicator is at the 50 level, displaying a neutral appearance, and shows a 0.14% decline compared to the previous day.
The USD/TRY exchange rate is trading in an environment where emerging market currencies are generally exhibiting a strong performance against the US Dollar. The Turkish Lira has appreciated by 0.04%, causing the USD/TRY rate to remain close to the level of 34.27. In global markets, the fluctuating trend in the US and Asian indices and the negative divergence of China and Hong Kong are noteworthy, while the increase in the Michigan Consumer Confidence Index from the US could also affect the overall outlook of the dollar. In Turkey, the inflation report presentation by the CBRT President and inflation expectations might have an impact on the Turkish Lira.
Technically, the USD/TRY pair maintains its positive outlook in the short term by staying above the level of 34.09. In upward movements, resistance levels at 34.30, 34.36, and 34.44 can be observed. Particularly, sustained movements above the 34.44 level could strengthen the upward potential. In downward movements, support levels of 34.3, 34.22, and 34.16 should be monitored. The RSI indicator is at the 60 level and shows a positive trend. The pair shows a change of 0.31% compared to the previous day.
Despite the high tensions in the Middle East, the rise of the Dollar index has increased the pressure on gold. Gold fell to $2725 after rising to $2760 with sales. Today's unemployment claims and PMI data from the US may impact gold pricing. Additionally, the price movement within the $2710-$2730 range indicates that investors are in a decision-making phase. Sustained price movements above $2730 can strengthen positive expectations, while movements below $2710 might bring negative scenarios to the forefront.
The XAU/USD pair is trading at a position supported by the 55-period exponential moving average at $2700 on the 4-hour chart. On the downside, the support levels of $2690, $2685, and $2680 stand out, while upward movements are watched at resistance levels of $2710, $2720, and $2730. The RSI indicator is at the 40 level, close to the oversold region, displaying a negative outlook. Spot gold, which showed a 0.40% decrease compared to the previous day, presents a technically weak appearance.
WTI crude oil prices started to rise following increased tensions between Israel and Lebanon. The rise in oil prices, driven by Israel's attacks on Lebanon, is drawing attention amidst the cautious trend in global markets. The report by the U.S. Energy Information Administration on stock increases has lost its impact. The trend in European and U.S. stock markets could support the upward movement of oil prices. Current geopolitical developments and stock performance may keep prices above the 70.50 – 71.00 support level.
Technically, WTI crude oil prices are trading at the 72.00 level on the daily chart and are exhibiting an upward trend. In upward movements, the resistance levels of 72.50 and 73.00 can be monitored. In potential downward movements, the levels of 71.50, 71.00, and 70.50 stand out as support. The RSI indicator is at level 58 and shows a slightly positive outlook. Compared to yesterday's closing, prices have seen a decline of 0.07%. As long as prices do not fall below the 70.50 level, the upward potential can be maintained.
Oil futures continue their upward momentum driven by geopolitical tensions in the Middle East. The rising tension between Israel and Lebanon triggers supply concerns in the markets, while the impact of the increase seen in the U.S. Energy Information Administration's stock data remains limited. In addition to the cautious atmosphere in global markets, the performance of U.S. and European stock markets could also be decisive in oil pricing. In the current situation, as long as prices remain above the 74.50 – 75.00 support region, the upward trend may be maintained. However, in the event of potential declines, closings below this support level could trigger downward movements.
Looking at the technical outlook, the BRN/USD pair is monitored on the 4-hour chart. The levels of 75.5 and 76 stand out as resistance, and if prices surpass these levels, there may be potential for movement towards the 76.5 level. In downward movements, the levels of 74.5 and 74 should be followed as important support zones. The RSI indicator presents a neutral appearance at the 50 level, but the fluctuation of prices around the 75 level indicates an indecisive trend in the market. The pair's depreciation by 0.08% compared to the previous day may indicate short-term uncertainties.
The NASDAQ100 index remains under the influence of the rise in the US 10-year Treasury bond yield, but Tesla's earnings report exceeding expectations somewhat alleviates this pressure. The unemployment claims and PMI data to be released today could play a significant role in index pricing. The cautious rise observed in Asian markets and the negative divergence of the China and Hong Kong indices indicate that concerns over Trump's trade policies are growing in global markets. The Michigan consumer confidence index in the US is also among the monitored data.
From a technical analysis perspective, the NASDAQ100 is observed at the current price level of 21141. When evaluated on a 4-hour time frame, the levels of 21200, 21100, and 21000 stand out as support; the levels of 21300, 21400, and 21500 are seen as resistance. The intraday movement of the pair shows an increase of 0.16%. The RSI indicator is at 55, exhibiting a neutral trend. If the index remains consistently above the 21200 level, it could support a positive outlook, while the 21000 level can be monitored as critical support in downward movements.
DAXEUR continues to remain under pressure due to the overall negative performance in global stock indices. The losses in Asian and US markets have notably spread to European markets as well. Germany's DAX 40 index has experienced a decline of nearly 1.50%, attributed to the current economic uncertainties and the risk-averse tendency of investors. Uncertainty in the economic outlook across Europe increases the selling pressure on the index. During this period, to maintain a positive trend, the index needs to stay above significant technical levels.
From a technical analysis perspective, the DAXEUR chart is examined on a 1-hour timeframe. The index may find support at levels of 19435, 19350, and 19275, whereas resistance levels of 19530, 19630, and 19720 should be monitored for upward movements. The RSI indicator is currently at 51, showing a neutral outlook, indicating a balance in the market at present. The index has experienced a decrease of 0.06% compared to the previous day. Technically, it is moving between the 55 and 89-period moving averages, and whether it can maintain its course above these averages may provide a clearer idea about the short-term direction.
U.S. natural gas futures are approaching $3, driven by weather forecasts. Stock figures to be released today may influence the direction of prices. The performance of European and U.S. markets is also among key factors to watch. Stock data to be released by the U.S. Energy Information Administration may shape market movements. The cautious progress of global markets and the negative divergence in Chinese markets should also be carefully monitored. The rise in the University of Michigan’s consumer confidence index and the CBRT's inflation report could have short-term impacts on the markets.
Technically, when examining the NGCUSD pair on a 4-hour chart, it appears that it may find support between 2.675 and 2.63 levels. In upward movements, 2.73 - 2.8 levels can be followed as resistance. The RSI indicator is at level 60, displaying a positive outlook, which may support the potential for upward movement. The pair gained 0.78% in value in the last trading day. However, a decline below 2.880 could bring further downside potential into question.
The EUR/USD pair continues to remain under pressure due to optimism in the dollar index and strong demand against the dollar. The preliminary Manufacturing and Services PMI data to be released during the day may influence the direction of the pair. On the other hand, the expectations that the BoE and Fed could make a total of a half-point rate cut in the remaining period of the year, while the ECB could conclude the year with a quarter-point cut, are also being priced into the markets. These developments may support the continuation of a negative scenario for the EUR/USD pair.
From a technical perspective, the EUR/USD pair is trading near the 1.0705 support level. As long as the pair continues to stay below the 34-period average at the 1.0830 level, it may maintain the weak reaction and strong trend theme. In downward movements, the 1.0675 and 1.0638 support levels can be followed. In upward movements, the resistance levels of 1.077 and 1.08 should be monitored. The RSI indicator is at the level of 48, presenting a neutral outlook. A 0.12% decline compared to the previous day is observed in the pair.
The GBPUSD pair continues to remain under pressure due to the positive outlook of the Dollar Index and the dynamics in global markets. Particularly, the monetary policy statements from the U.S. and the upcoming presidential elections contribute to the dollar's strong performance, while the expectations of interest rate cuts in the UK are weakening the sterling. Today's PMI data could be decisive for the pair's short-term direction. Future central bank meetings and potential interest rate cuts are also among the key factors that will influence the pair's trajectory.
Technically, the GBPUSD pair is trading below the 34 and 55 period exponential moving averages in the 1.2980 - 1.3030 region. This indicates a continued downward pressure for the pair. While 1.2900 and 1.2865 levels are being monitored as support, in cases of potential recovery, 1.294, 1.298, and 1.303 may be tracked as resistance levels. The RSI indicator is at 49, indicating a neutral outlook. The pair is showing a 0.36% loss compared to the previous day. In this situation, it should be noted that if the 1.2900 level is broken, the pair could decline to the 1.2820 level.
In an environment where emerging market currencies generally maintain their strength against the US Dollar, the Turkish Lira is showing a relatively positive performance. In the post-Trump era in the United States, there is an expectation that interest rates will be reduced at a slower pace due to the Federal Reserve's interest rate cut decisions and uncertainties in the global economy. This situation may put pressure on the US Dollar. For Turkey, the existing economic conditions and global developments continue to shape the performance of the Turkish Lira.
Technically, when examining the USD/TRY pair on the daily chart, the levels of 34.16 and 34.09 stand out as support regions, while resistance levels are observed at 34.22 and 34.30. The pair is currently trading at the 34.18 level, and the RSI indicator shows a neutral outlook at 46. In the last 24 hours, the pair has shown a limited change of 0.018%. As long as support levels are maintained, upward movements in the pair can be observed, but surpassing the resistance levels could increase the momentum of the rise.
Despite the tensions in the Middle East, the strong performance of the US Dollar Index is putting pressure on gold prices. After testing the 2760 level, gold has retreated to 2725. Today's unemployment claims and PMI data from the US could affect the pricing of precious metals. The fluctuation of gold within the 2710 - 2730 range suggests it is at a decision-making point. For an upward movement to continue, stable pricing above the 2730 level is crucial. Otherwise, if stability is maintained below the 2710 level, the downward pressure may increase.
Technically, gold can find support at 2650, 2640, and 2630 levels on the 4-hour chart. In upward movements, resistance levels are monitored at 2660, 2670, and 2680. The RSI indicator is at 47, indicating a neutral outlook. Gold prices, which have decreased by 0.03% compared to the previous day, continue to trade sideways in the short term. However, the 55-period exponential moving average's 2700 support is significant in potential pullbacks.
WTI oil prices are rising due to geopolitical tensions fueled by Israel's ongoing attacks on Lebanon. Although the U.S. Energy Information Administration recently reported an increase in inventories, which created a short-term pressure on oil prices, the market seems to have absorbed this development. Additionally, volatility in European and U.S. stock markets may influence oil prices. During this process, prices remaining above the support level of 70.50-71.00 dollars could support an upward trend. However, if prices fall below these levels, further decline potential may come into play.
Technically, WTIUSD is trading at the 72.240 level on the 4-hour chart. The first resistance level is observed at 72.50, with higher levels of 73.00 and 73.50 drawing attention. In downward movements, the 71.50, 71.00 and 70.50 levels should be monitored as support. The RSI indicator is at 60 and shows a positive outlook, indicating that the upward movement may continue. With a 0.21% increase compared to the previous day, the market has an upward momentum.
In the oil market, the tension between Israel and Lebanon is causing an upward trend in prices. This situation contributes to the market's upward movement despite the stock increase data announced by the U.S. Energy Information Administration. The trend of the European and U.S. stock exchanges may also influence oil prices. The mixed picture in Asian markets post-Trump creates uncertainty in global markets, while monetary policy statements from the U.S. and U.K. central banks are being closely monitored.
Technically, when examining price movements on the BRN/USD chart in a 4-hour time frame, the levels of 71.5, 71, and 70.5 are monitored as support. For upward movements, the resistance levels of 72.5, 73, and 73.5 are significant. The RSI indicator is around the 60 level, presenting a positive outlook. Prices have increased by 0.29% compared to the previous day, and the upward trend may continue. However, if the price falls below the 74.5 level, the potential for a decline may strengthen.
While the NASDAQ100 index is under pressure from the rise in U.S. Treasury yields, Tesla's positive financial results seem to have somewhat alleviated this pressure. Unemployment claims and PMI data from the U.S. could influence the short-term direction of the index. Additionally, there is an ongoing period of uncertainty in global markets due to Trump's post-election policies and the trade dynamics between the U.S. and China. The Fed's interest rate policy and the Bank of England's interest rate statements are also on investors' radar.
From a technical perspective, when the NASDAQ100 index is examined in a 30-minute time frame, the levels of 20900, 20800, and 20680 stand out as support levels. Resistance levels are determined as 21000, 21100, and 21200. The RSI indicator is at level 55 and presents a neutral outlook. The index has shown a slight increase of 0.08% compared to the previous day. The current pricing situation within the trend channel will be closely monitored for the continuity of the rise or a possible pullback.
The DAXEUR pair is under the influence of the negative performance seen in global stock indices. Declines in Asian and U.S. markets are also putting pressure on indices in Europe. The approximately 1.50% decrease in Germany's DAX 40 index creates a market environment that's reaching a decision point. Global economic uncertainties and regional concerns may reduce investors' risk appetite, which could increase the selling pressure on DAXEUR.
From a technical analysis perspective, DAXEUR is moving on the 4-hour chart. The pair is testing 19195, 19275, and 19350 levels as resistance, while downward movements are monitored at support levels of 18995, 18885, and 18780. The RSI indicator is at the 45 level, showing a negative outlook, indicating a slightly bearish market trend. Compared to the previous day, there's a slight decrease of -0.02%. In this situation, careful monitoring of the support and resistance levels might be important.
U.S. natural gas futures continue their upward trend, supported by weather forecasts and ahead of the inventory figures to be released today. Inventory data to be announced by the U.S. Energy Information Administration and the general trend of European and U.S. stock markets may impact the direction of the pair. Additionally, U.S. and U.K. monetary policy decisions on a global scale, along with uncertainties caused by potential policies from Trump, are also significant factors in the natural gas market.
Technically, the NGCUSD pair is trading at the 2.36 level, recording a 1.72% increase. On the daily chart, 2.7, 2.675, and 2.65 levels are monitored as support for the pair, while 2.76, 2.8, and 2.82 levels can be followed as resistance. The RSI indicator currently displays a positive outlook, supporting the potential for a rise in the pair. Based on these indicators, the upward trend is expected to continue as long as price movements remain above the 2.7 support levels.
The EUR/USD pair is closely monitored this week due to statements by senior officials from the US and European central banks. The strong start of the Dollar Index is a reflection of the US macroeconomic data and the increasing expectations regarding Fed policy. This is causing the dollar to gain strength against developed country currencies. Economic data to be released in the UK and the Eurozone, along with Fed officials' statements, could shape the pair's future movements.
Technically, the EUR/USD pair is trading at the 1.0642 level. In its downward movements, the levels of 1.0638, 1.0600, and 1.0560 can be observed as support. In upward movements, the resistance levels of 1.0675, 1.0705, and 1.0735 should be considered. The RSI indicator is at the 45 level and exhibits a slightly negative trend. The pair shows a 0.13% decrease compared to the previous day, indicating a weak outlook in the short term.
The GBP/USD pair is influenced by the strong performance of the US Dollar and developments in global markets. The strengthening of the Dollar Index ahead of important inflation data and speeches by Fed officials from the US is increasing pressure on the Sterling. In the UK, developments in employment and wages are being closely monitored. The effects of US President Trump's policies and the Fed's stance on rate cuts are keeping the Dollar strong against developed country currencies. This week, economic data from the UK and the Eurozone could also have an impact on the direction of the pair.
Technically, the GBP/USD pair is trying to stay above the 1.2820 support level on the 1-hour chart. However, in the case of downward pressure, the levels of 1.2780 and 1.2745 can be watched as support. In upward movements, the resistance levels of 1.2860, 1.2900, and 1.2940 should be monitored. The RSI indicator is at the 45 level, presenting a negative outlook. The pair has depreciated by 0.23% compared to the previous day, and the current price movements are indicating short-term weakness signals. The negative outlook may continue as long as it remains below the 1.2940 level, the control point of the 34 and 55 period exponential moving averages.
The USD/TRY exchange rate is moving in line with the weak outlook of emerging market currencies against the US Dollar. The Turkish Lira, with a 0.09% loss, is among the currencies showing weak performance. In global markets, Asian indices are declining, while the economic expectations of the US and the impact of Trump's policies continue. Particularly negative expectations regarding the Chinese economy affect global markets and oil prices. In Turkey, the weak performance of the TL remains noteworthy.
On the chart, the USD/TRY exchange rate finds short-term support at the levels of 34.29, 34.22, and 34.16, while upward movements encounter resistance at 34.39, 34.45, and 34.51 levels. The Envelope indicator is marked in purple, and as long as the exchange rate stays above 34.16, a positive outlook can be expected. The RSI indicator is at the 60 level, indicating a positive outlook. The rate has increased by 0.12% compared to the previous day and continues to test short-term resistance levels.
Economic expectations that emerged following Trump's election victory continue to exert pressure on gold. Concerns that Trump's possible import tariffs and expansionary fiscal policies could increase inflation are strengthening expectations that the Fed's easing steps might be delayed. This situation leads to an appreciation of the dollar, causing gold to remain in a downtrend. During the day, speeches by FOMC members might cause new volatility in the markets.
From a technical perspective, while the levels of 2610 and 2600 are observed as support on the ounce gold chart, resistance levels at 2620, 2630, and 2640 draw attention in upward movements. According to the current price movement, gold tends to retreat towards the identified support levels. The RSI indicator is at the level of 37 and presents a negative outlook. This situation indicates that the precious metal might remain under selling pressure in the short term. On the other hand, unless there are sustained pricings above the 2640 resistance, the likelihood of a positive movement starting seems limited.
WTIUSD continues to remain under pressure with expectations of weak demand due to economic uncertainty and slowing inflation in China. While China's debt restructuring package did not meet expectations, declines in Asian indices and positive sentiment in the U.S. are influencing the direction of oil prices. Natural gas production cuts in the U.S. have not yet made a positive contribution to oil prices. Negative impacts on global trade, particularly China's situation, continue to exert pressure on oil prices.
In technical analysis, the WTIUSD chart is being examined on a daily time frame. Prices are currently hovering near the support levels of 67.5 and 67.0. In downward movements, these levels can be monitored as main targets. In potential upward recoveries, the resistance levels of 68.5 and 69.0 are of critical importance. The RSI indicator is at 47, showing a neutral outlook. Oil prices, experiencing a 0.62% decline on a daily basis, indicate that the downward pressure persists in the short term.
Brent crude oil prices continue to trend downward due to concerns that demand will remain weak, given the insufficient perception of the debt restructuring package announced in China and the slow pace of inflation. The decline observed in Asian markets and the strengthening of the US Dollar can have negative impacts on global trade. Negative expectations regarding the Chinese economy, in particular, are putting pressure on oil demand. However, disruptions in natural gas production in the US due to hurricanes did not lead to a recovery in oil prices.
Technically, Brent crude oil prices are trading at the level of 71.50. On the daily chart, upward movements can face resistance at the levels of 72.00 and 72.50, while downward movements can find support at the levels of 71.00 and 70.50. The RSI indicator is at 41 and shows a negative outlook. Brent, which is down by 0.47% compared to the previous day, may continue to be affected by weak demand and global economic conditions.
The NASDAQ100 index has caught a positive momentum with expectations of Trump's possible return and tax cuts. Particularly, Tesla's 9% increase in value, alongside the rise in Bitcoin, has brought notable attention to Coinbase and MicroStrategy stocks, which rose by 19.8% and 25.7%, respectively. However, the declines observed in mega-cap technology companies such as Nvidia, Microsoft, and Apple indicate that the market is showing a mixed trend. The statements from FOMC members could be significant throughout the day and may lead to market fluctuations.
Technically, the NASDAQ100 index is trading above the 21000 - 21100 support zone, and as long as it remains above this level, the upward trend could be maintained. In upward movements, the 21300 and 21400 resistance levels can be monitored, and the 21300 level holds critical importance for the continuation of the positive trend. In downward movements, if the zone below 21000 - 21100 is breached, pullbacks to the 20900 and 20800 support levels might be observed. The RSI indicator currently presents a neutral outlook and has experienced a slight decline of 0.03% compared to the previous day.
DAXEUR experienced a divergence in pricing performance among European indices with the negative outlook in Europe's economic activity and political tension from the past week. It is focused on recovering losses with a positive start to the new week. Inflation data from the US and speeches by central bank presidents may be decisive for the markets. Data such as employment and wage figures from the UK, as well as the Germany ZEW Economic Sentiment from the Eurozone, will also be closely monitored.
Technically, DAXEUR is attempting to move towards resistance levels by overcoming the 19350 – 19435 region. The resistance levels of 19530, 19630, and 19720 can be observed in upward movements. On the support side, the levels of 19350, 19275, and 19195 are important. The RSI indicator for DAXEUR is at level 54 and shows a neutral outlook. The index has shown a 0.63% decline compared to the previous day. If it maintains its course above average levels, the upward tendency may strengthen. However, if it falls below these levels, lower levels may come into focus again.
U.S. natural gas futures started the week strong as Hurricane Rafael significantly impacted natural gas production in the Gulf of Mexico. This rise due to the hurricane led to a temporary calm in price movements in the markets. However, the trajectory of European and U.S. stock exchanges may create new movements in prices. The decline in Asian indices and the uncertainties in the markets due to Trump effects could also impact energy markets.
According to the current chart data, when the NGC/USD pair is analyzed on the daily chart, it is observed that the price is at the level of 2.647. In upward movements, the price could potentially rise toward the resistance levels of 2.94, 2.97, and 3.00. In downward movements, the support levels of 2.88, 2.85, and 2.82 may be monitored. The RSI indicator is at level 40 and is showing a negative trend, which could indicate that the downward pressure may continue. Prices have decreased by 0.11% compared to the previous day, indicating that the downward pressure continues to persist in the market.
The EUR/USD pair will witness several significant economic data releases and central bank official speeches that markets will focus on at the beginning of this week. The CPI data from the US and Germany, as well as the core retail sales data from the US, could influence the direction of the pair. Additionally, speeches from the Fed, ECB, and BoE presidents, along with statements from Fed members, will be closely monitored events. The Classic Dollar Index maintains its upward trend by staying above support levels. This situation may cause the EUR/USD pair to be under downward pressure in the short term.
From a technical perspective, the EUR/USD pair is trading around the 1.0712 level. The 1.0675, 1.0638, and 1.0600 support levels are crucial for its downward movements. In terms of upward movements, the 1.0735, 1.077, and 1.080 resistance levels can be monitored. The RSI indicator is below the 30 level, showing a negative outlook and indicating an oversold region. This increases the possibility of a short-term recovery in the pair. However, strong upward momentum is necessary to change the general trend. The pair has shown a decrease of 0.05% compared to the previous day.
The GBP/USD pair seems to have started the week under the influence of global economic data and speeches by central bank officials. Important data flows from the US, Germany, Japan, the UK, and the Eurozone could lead to market volatility. In particular, core retail sales and inflation data from the US, along with speeches by Fed officials, could create movement in the dollar index. The dollar index maintains its upward expectation with support at the 103.25 level. This situation may also have an impact on the GBP/USD pair.
From a technical perspective, the GBP/USD pair is trading close to the 1.294 resistance level on the daily chart. In upward movements of the pair, the 1.298 and 1.303 resistance levels can be monitored, while in downward movements, the 1.29, 1.286, and 1.282 support levels will be followed. It is observed that the pair is fluctuating around moving averages and the RSI indicator is showing a neutral outlook just below the 50 level. The pair's continued stay within the current narrow band indicates it has not defined a clear direction in short-term movements. There is a minor decline of 0.08% compared to the previous day.
In an environment where currencies of emerging markets are weak against the US Dollar, the USD/TRY parity continues to show a relatively strong position for the Turkish Lira compared to other currencies. While the weakness of the Chinese Yuan and the strength of the Mexican Peso draw market attention, the TL gains 0.07%, painting a positive picture. In Asian markets, the pressure caused by Chinese inflation data falling below expectations and Beijing's inadequate stimulus measures are monitored closely in global markets. On the US side, inflation data to be released this week and speeches by Fed officials may lead to new pricing movements in the markets.
Technically, USD/TRY is trading near the 34.36 level. On the chart, the levels of 34.3, 34.22, and 34.16 are monitored as support, while the levels of 34.39, 34.45, and 34.51 stand out as resistance in upward movements. The parity can display positive momentum as long as it remains above the 34.16 level. The RSI indicator is in a neutral state, indicating an indecisive market condition. The 0.07% increase compared to the previous day suggests that possible resistance areas could be tested during the day. However, unless there is significant TL-based news flow, the parity is expected to continue to trend within a narrow range.
Following the US presidential election and the Fed's November statement, the expectation that the Fed will keep rates unchanged in December, along with the continuing rise of the Dollar Index, is putting pressure on gold prices. Additionally, the failure of China's announced stimulus measures to create the expected impact is another factor increasing this pressure on gold. Weekly pressure starting in Asia and upcoming inflation data to be announced in the US are being closely monitored by global markets.
Technically, spot gold is trading below the 2690 – 2710 resistance zone in the short term, and if the downward movements continue, the support levels of 2660 and 2650 could come into focus. On the daily timeframe of the chart, the RSI indicator at the 40 level presents a negative outlook. Prices that have fallen by 0.61% compared to the previous day may continue to follow a downtrend unless a sustained movement above the 2690 – 2710 levels occurs. In the event of a recovery above the 2690 resistance, the 2680 and 2690 levels may be monitored as initial resistances.
WTI crude oil prices began the week with a decline due to faster-than-expected cooling of inflation in China and Beijing's unsatisfactory stimulus measures. These developments raise concerns about a potential weakening of the Chinese economy, negatively impacting oil demand. Additionally, the rise in the US dollar index and the increase in US 10-year Treasury yields are putting pressure on oil prices. This week, US inflation data and speeches by Fed Chair Powell could be decisive in determining market direction.
From a technical perspective, WTI prices are trading below the resistance levels of 70.00 – 70.50, and as long as they remain below these levels, the downward trend may continue. In downward movements, support levels of 69.50, followed by 69.00 and 68.50, can be monitored. In potential upward recoveries, a sustained move above the 70.00 – 70.50 resistance region could target resistance levels of 71.00 and 71.50. On the daily chart, the RSI indicator is at 40, displaying a negative outlook. WTI prices have decreased by 0.71% compared to the previous day.
Oil prices are declining due to inflation cooling faster than expected in China and Beijing's stimulus measures failing to satisfy the markets. This pressure, which started in the Asian markets, is causing negative sentiment regarding oil demand to increase. Monitoring the performance of European stock exchanges during the day could influence the direction of prices. Inflation data to be released in the U.S. is being closely watched as a significant indicator for the Fed's interest rate policy.
On the chart, oil prices are observed at the level of 73.387. When analyzing the price movements in the daily time frame, it is seen that upward movements may encounter resistance at 75 and 75.5 levels. Downward movements might target support levels at 74, 73.5, and 73. The RSI indicator is below 50, showing a negative trend, and the market has lost 0.53%. If prices remain below the 74.00 – 74.50 resistance, the downward outlook is expected to continue.
The NASDAQ100 index continues its rise following Trump's re-election in the US presidential election and the Fed's 25 basis point rate cut. During this period, Tesla stands out with an increase of nearly 30%, while Nvidia and Amazon also displayed strong performances. The observed decline in 10-year treasury bond yields supports the upward movement of the index. Additionally, the markets are closely watching the US inflation data to be released this week and speeches by Fed Chair Powell.
From a technical perspective, the NASDAQ100 index is trading at the level of 21,180. The 21,000-21,100 range stands out as a significant support area, and as long as it remains above these levels, the upward trend may continue. In upward movements, the resistance levels of 21,300 and 21,400 can be monitored. The RSI indicator is showing a positive outlook at the 65 level. An increase of 0.31% compared to the previous day is observed. If the index falls below the 21,000-21,100 range, it may signal a negative reversal, and pullbacks to the levels of 20,900 and 20,800 could occur.
The DAXEUR pair is preparing to be influenced by significant economic data and speeches by central bank officials during the week of November 11-15. While the CPI data from the US and Germany will be closely monitored in global markets, growth data from Japan, the UK, and the Eurozone could also be determining factors for the economic outlook. Additionally, statements from the Fed and ECB presidents, as well as various Fed members, could influence the market direction. In light of these developments, the DAXEUR pair may fluctuate under the influence of global economic data and central bank policies.
From a technical perspective, although the DAX40 index tends to form a bottom pattern in the 18995 – 19090 range, this reversal has not been confirmed with a sustained move above the 19350 – 19435 levels. In this context, a negative expectation could arise below the 18995 level, while a positive expectation might form above the 19435 level. Movements in the 19350 – 19435 range could be critical for short-term direction determination. The RSI indicator is showing a neutral trend, with a 0.30% increase compared to the previous day. Support levels are monitored at 19275, 19195, and 19090, while resistance levels can be followed at 19435, 19530, and 19630.
U.S. natural gas futures began the new week with a gain of over 5% following last week's pressure. Although there is no clear news flow regarding this rise, updates on weather forecasts are expected to be monitored throughout the day. In global markets, inflation data from China and the U.S. are being closely watched. These developments may also lead to volatility in the natural gas market. Additionally, the U.S. 10-year bond yield rising to 4.35% and statements from Fed officials may cause fluctuations in the markets.
From a technical perspective, the NGCUSD pair is currently being examined in a 4-hour timeframe. The pair has slipped below the 2.8 support level, retreating to as low as 2.52. On upward movements, 2.85 and 2.88 levels can be monitored as resistance. If downward movements continue, 2.76 and 2.7 support levels could play an important role. The RSI indicator is below the 30 level, displaying a negative outlook. Although there is a daily increase of 9.36%, it points to levels that need careful attention in terms of the overall market outlook.
The EUR/USD pair has drawn investors' attention to the US inflation data to be announced today. While no changes are expected in the core indicators of October's inflation data, a slight increase is anticipated in headline inflation. These data can shape the expectations for the Federal Reserve's (Fed) interest rate policy at the December meeting. In particular, market expectations regarding Fed's interest rate cuts and statements from Fed officials that may follow the inflation data can influence the pair. Additionally, the recent strong trend of the Dollar Index is also affecting the pair's movements.
Technically, the EUR/USD pair is trading in a region close to the 1.0600 support level on the daily chart. A persistent movement below this level could signal a continuation of the downward trend in the pair. In its upward movements, the levels of 1.0638, 1.0675, and 1.0705 can be monitored as resistance. The RSI indicator is at 44, showing a negative trend. The pair has depreciated by 0.09% compared to the previous day, and the current technical outlook indicates that the downward pressure might continue.
The GBP/USD pair is focused on inflation data coming from the US in global markets. While headline inflation is expected to increase, no change is expected in core inflation. This situation could affect expectations regarding the Fed's interest rate cut policies. The Dollar Index hovering at critical levels could shape the movements of the GBP/USD pair following this data.
From a technical analysis perspective, the GBP/USD pair is trading at 1.2740 levels. The pair may encounter buying reactions when approaching the 1.2710 support level. However, unless the 1.2780 and 1.2820 resistance levels are surpassed, the pair has the potential to move downwards. The RSI indicator is at 47, exhibiting a neutral outlook. A 0.04% decrease compared to the previous day is observed in the pair.
The USD/TRY pair is experiencing a volatile trend influenced by notable developments in global markets. Uncertainties regarding trade policies under the Trump administration in the US and the expectation that the Fed might slow its pace of interest rate cuts are negatively affecting risk appetite. During this process, the weak performance of many emerging market currencies against the dollar has supported the Turkish Lira in remaining relatively strong against the dollar. Additionally, expectations regarding the inflation data for October to be released in the US are highlighted as one of the factors the markets are closely monitoring.
Technically, the USD/TRY pair is testing the 34.39 resistance level on the hourly chart, and if sustainability is achieved above this level, movement towards the 34.45 and 34.53 levels could be observed. In downward movements, the levels of 34.29, 34.22, and 34.16 are monitored as support. The RSI indicator is at 61, showing a positive outlook. The pair has recorded a 0.14% increase compared to the previous day, indicating a tendency to maintain the current momentum.
The EURUSD pair is attracting attention as the Dollar Index maintains a positive trend, reaching the October 2023 peak of 107. It is noted that significant economic data from the US and changes in Fed's interest rate cut expectations could lead to volatility in the market. Particularly, growth data from the UK and core retail sales data from the US are the focus of the market today. Fed Chair Powell's statement that they will not rush into rate cuts is being closely watched in the markets.
Technically, the EURUSD pair is trading above the 1.0525 support. If the pair remains below this level, a decline towards the October 2023 low of 1.045 could be observed. In upward movements, resistance levels at 1.056 and 1.0595 are being monitored. The RSI indicator is at 35, indicating a negative outlook. This suggests that the downward pressure on the pair may continue. The pair has recorded a 0.11% decrease compared to the previous day.
The dollar index in the U.S. has stalled at a certain level ahead of the release of the Consumer Price Index (CPI) data. This situation creates a supportive effect for gold, which has retreated to its lowest levels in the last two months. While U.S. inflation data may lead to new price movements in the markets, in Asian markets, the selling pressure is prominent due to the potential impacts of Trump's policies. The expectation that the FED's rate cut pace might slow down provides the dollar index with a position close to the highest levels since the beginning of May.
From a technical perspective, gold is currently trading below the resistance zone of 2620 – 2630. Levels of 2600 and 2590 are followed as support. The RSI indicator is around 51, presenting a neutral market outlook. A 0.27% increase is observed compared to the previous day's close. It can be said that upward movements might remain limited unless there are sustained moves above the 2620 – 2630 region. If the 2630 level is exceeded, resistance levels of 2640 and 2650 could be targeted.
The GBPUSD pair saw buying reactions as the Dollar Index approached the October 2023 peak of 107. Ahead of the Fed meeting scheduled for December 18, key economic indicators such as the PCE Deflator data to be announced on November 27, Non-Farm Employment data to be published on December 6, and the November CPI data to be announced on December 11 could shape Fed expectations. Currently, the probability of a quarter-point rate cut by the Fed in the December meeting is assessed at 59%. Today, Growth data from the UK and Core Retail Sales data from the US will be closely monitored.
Technically, the GBPUSD pair is exhibiting a negative trend below the 34 and 55-period exponential moving averages (1.2780 – 1.2820). If it falls below the 1.2600 level, pressure is expected to continue towards the 1.2445 level. However, if a recovery movement occurs, it might rise above the 1.2720 level, but it should be noted that the 34 and 55-period exponential moving averages form strong resistance levels. The RSI indicator is at a 45 level, showing a slightly negative outlook. The pair has decreased by 0.068% compared to the previous day. Support levels are observed at 1.2645, 1.26, and 1.256; resistance levels are noted at 1.272, 1.278, and 1.282.
WTI oil prices continue to be under pressure due to demand concerns following the reduction of demand expectations in OPEC's monthly report. Negative expectations regarding the Chinese economy and forecasts of increases in non-OPEC production are among other factors that increase market pressure. In this context, the performance of European and US stock markets may be an important indicator for oil pricing. In potential recoveries, surpassing the 68.50 - 69.00 resistance levels is crucial.
In the chart, when examining WTIUSD prices on an hourly timeframe, the price moves below the 68.50 - 69.00 resistance levels. In downward movements, the 67.50 and 67.00 support levels can be monitored. The RSI indicator is at 48, indicating a neutral market trend. A 0.37% increase is observed compared to the previous day. Hourly closures above 69.00 could lead to targeting the 69.50 and 70.00 levels.
The USD/TRY pair draws attention as the Turkish Lira continues to remain weak despite emerging market currencies appearing strong against the dollar in global markets. The Argentine Peso stands out as the strongest currency, while the Turkish Lira is positioned at the weaker end of the list with a 0.10% depreciation. The U.S. retail sales exceeding expectations and Fed Chair Powell's statement about not rushing into interest rate cuts also ease the global pressure on the dollar. However, a trend change in USD/TRY is not expected unless there is specific news flow regarding Turkey's economic outlook and the TL.
From a technical perspective, the USD/TRY chart may continue to display a positive outlook as long as it stays above the 34.16-34.22 range in the short term. In upward movements, the first resistance is at the 34.39 level, followed by potential targets at 34.45 and 34.54. Surpassing the 34.54 resistance might strengthen the current trend. In downward movements, 34.29, 34.22, and 34.16 levels are monitored as support. The RSI indicator is at the 60 level, indicating a slightly positive market trend. There is a noticeable 0.18% increase in the pair compared to the previous day.
Brent crude oil prices continue to be under pressure with the reduction in demand expectations in OPEC's monthly report. Negative expectations regarding the Chinese economy and predictions of increased production outside of OPEC are also among the factors supporting this situation. Trade tensions between the US and China and the US interest rate policy further increase uncertainty in the markets. These developments negatively impact Brent oil prices, and movements in European and US stock exchanges can be closely monitored during the day.
From a technical perspective, Brent crude oil prices are exhibiting a downward trend on the hourly chart. As long as prices remain below the 72.50 – 73.00 resistance zone, the downward pressure may continue. In this case, the levels of 71.50 and 71.00 can be monitored as support. In potential recoveries, the 72.50 – 73.00 resistance zone remains an important level. The RSI indicator is at the 40 level, indicating a negative outlook. There was a 0.40% decrease compared to the previous day, signaling a technically weak market condition.
Fed Chairman Powell's statements have reduced expectations for a rate cut, leading to a flat trend in the gold ounce prices. The limited rise in the Dollar Index supports gold, but market participants are focusing on the retail sales and NY Fed Empire State manufacturing index that will be announced today. These data may influence the direction of gold prices.
Technically, gold ounce continues to move below the 2560 - 2580 region. The trend below these levels strengthens the possibility of a pullback towards the 2560 and 2550 support levels. The RSI indicator shows a neutral outlook at the 50 level. For upward movements to strengthen, prices need to move above the 2570 - 2580 resistance region, then test the 2590 and 2600 levels. A slight increase of 0.04% is observed compared to the previous day.
The NASDAQ100 index is showing limited pricing ahead of the US CPI data. The limitation of the rise in 10-year bond yields reduces risk, while strong financial results from companies like Spotify contribute positively to the index. However, the ongoing uncertainties regarding Trump's foreign trade policies and the Fed's interest rate cuts lead to a cautious approach in the markets. These uncertainties in overseas markets cause the NASDAQ100 to stall after reaching record levels.
When the NASDAQ100 index is examined on a daily timeframe in the chart, the 21100 - 21200 area stands out as an important decision point. Staying above this level is of critical importance for a positive outlook. In upward movements, resistance levels of 21300 and 21400 can be monitored. The RSI indicator is at the 50 level, showing a neutral trend. The fact that a daily decrease of 0.25% has been recorded indicates that the index is still seeking direction. If the 21100 level is breached, it seems likely that the 21000 and 20900 support levels will be tested.
WTI crude oil prices continue to remain under pressure due to speculations of a surplus expected next year. The trends of European and US stock markets can be monitored throughout the day. During this period, as long as oil prices stay below the resistance level of 68.50 - 69.00, a downward trend may remain in focus. Statements by Fed Chair Powell indicating that there will be no rush to lower interest rates and the strong retail sales outlook in China are also being watched closely in the markets.
Technically, WTI crude oil prices are monitored on the 1-hour chart and are trading below the resistance level of 68.50 - 69.00. If downward movements continue, the support levels of 67.50 and 67.00 might be targeted. The RSI indicator is at 44, indicating a negative trend. Prices have fallen by 0.86% compared to the previous day. If a recovery occurs above the level of 69.00, the resistance levels of 69.50 and 70.00 may come into focus.
The DAXEUR pair is showing a downward trend, affected by negative pricing in global stock markets. Losses approaching 5% in Hong Kong and declines exceeding 1.50% in the French index in Europe have led the DAX40 to approach a weekly loss of 1%. Upcoming October CPI data from the U.S. and expectations for the Fed's December meeting could play a critical role in determining the market's direction. The expectation of rising inflation in the U.S. necessitates careful monitoring of possible changes in the Fed's interest rate policies.
Technically, the DAX40 is at a decision juncture in the 18995 – 19090 range. If it moves below this critical area, the selling pressure may increase, strengthening the likelihood of targeting the 18885 and 18780 support levels. In upward movements, the 19195, 19275, and 19350 resistance levels will be significant. The RSI indicator is at level 40, generally displaying a negative outlook. With a 0.21% decrease compared to yesterday's close, movements at the current levels should be closely monitored.
Crude oil futures are trending sideways as they remain under pressure due to speculation of an anticipated surplus supply for next year. Developments in the European and US stock markets can be monitored throughout the day. The decline in the dollar index and recovery efforts in Asian markets have a limited impact on oil prices. While retail sales data in the US exceeded expectations, Fed Chairman Powell's statements indicating no rush to cut interest rates are also being closely watched by the markets.
In the BRNUSD chart, the 71.50 and 71.00 levels are monitored as support, while the 72.50 - 73.00 range stands out as an important resistance zone. On the hourly chart, upward movements might encounter potential resistance at the 73.50 and 74.00 levels. The RSI indicator is at 40, exhibiting a negative outlook. The pair has recorded a decline of 0.64% compared to the previous day, indicating that the downward pressure is continuing. It's important to note that unless hourly closes are seen above the 73.00 level, the downward trend might persist.
U.S. natural gas futures recorded an increase due to Hurricane Rafael's expectation to reduce daily production, but this rise remained limited by profit-taking. Forecasts that temperatures in the U.S. will remain above seasonal norms are sparking concerns that natural gas demand may decrease and inventories might increase. In this context, it is noteworthy that prices retain their weekly gains. Developments in the U.S. economy and the impacts of Trump’s policies are also closely monitored in the markets.
The NGCUSD pair is attempting to remain above the 2.88 level. In upward movements, the 2.91 resistance level stands out as a significant threshold. If it stays above this level, the 2.95 and 2.975 resistance levels could be targeted, respectively. On the other hand, in the event of possible pullbacks, the 2.88 support level is being monitored. Hourly closures below the 2.88 level could bring the 2.85 and 2.82 levels into focus. The RSI indicator is at the 45 level, indicating a generally neutral market outlook. The pair has decreased by 0.15% compared to the previous day.
Fed Chair Powell's indication that they will not rush into cutting interest rates continues to exert pressure on the NASDAQ100 index. Additionally, the rise in the 10-year bond yield is another factor increasing the selling pressure on the index. Economic data such as retail sales and the NY Fed Empire State manufacturing index can also influence the market's direction. Particularly in the US, retail sales exceeding expectations provide a positive signal regarding consumption trends.
Technically, the NASDAQ100 index is trading below the 21000-21100 resistance zone. As long as it remains below this zone, downward pressure on the index is expected to continue. In this case, the levels of 20900 and 20800 are prominent as support. The 20800 level is supported by the 89-period exponential moving average, and price movements below this level could be significant for the continuation of the decline. On the other hand, if the index rises above the 21100 level, a recovery towards the 21200 and 21250 levels may be observed. The RSI indicator is at 45, showing a neutral trend. The index is trading with a 0.28% decline compared to the previous day.
The DAX 40 index is being influenced by the Asian markets, which are exhibiting a negative outlook despite weaker-than-expected stimuli in China. The decline in the Russell 2000 index in the U.S. and mixed movements in Europe were enough for the DAX to remain in the positive zone with a limited rise. Growth data from the UK and Core Retail Sales data from the U.S. could have an impact on the markets. Particularly as statements from Fed members are being followed, the effect of these developments on the DAX will continue to be monitored.
From a technical perspective, the DAX 40 index finds support at levels of 19195, 19090, and 18995 on a 4-hour timeframe. It is likely to test resistance levels at 19350, 19435, and 19530. The RSI indicator is at 45, exhibiting a neutral outlook. The index has experienced a 0.24% decline compared to the previous day. For the rise to continue, movements above the 19350 level should be monitored, otherwise a pullback towards the support levels at 19090 and below should not be disregarded.
U.S. natural gas futures continue to remain under pressure as stocks are about 6% above the seasonal average. This situation is limiting the upward movement of prices, despite the expected cold wave by the end of November. The course of European and U.S. markets could influence natural gas pricing. Recovery efforts in Asian markets and retail sales data from the U.S. are also being closely monitored in international markets. Fed Chair Powell's statement that there will be no rush to cut rates may lead market participants to reassess their inflation expectations.
From a technical perspective, the NGCUSD pair is trading below the 2.77 resistance level on the daily chart. In downward movements, the 2.73 and 2.7 support levels could be significant. In the event of an upward recovery, the 2.8 and 2.82 resistance levels should be watched. The RSI indicator is at the 45 level, indicating a neutral market outlook. The pair has declined by 0.79% compared to the previous day, which may indicate that the selling pressure continues.
The EUR/USD pair has become a focal point following U.S. inflation data aligning with market expectations. The slight uptick in headline inflation has increased the possibility of a rate cut by the Fed at its December meeting. However, the rigidity in core inflation persists due to the stickiness in the services sector. The rise in the Dollar Index is creating pressure on the EUR/USD, while statements from FED and ECB officials could also have significant impacts on the pair. Market participants continue to closely monitor the decisions the Fed will make in upcoming meetings.
From a technical perspective, the EUR/USD pair continues to trade below the 34-period average of 1.0675, maintaining the weak reaction-strong trend theme. In downward movements, the 1.0525, 1.0485, and 1.0450 levels can be monitored as support. In the case of an upward recovery, the resistance levels of 1.0560, 1.0595, and 1.0638 should be followed. The RSI indicator for the pair is at the 40 level, and a slight negative trend is observed in the market. The pair has depreciated by 0.22% compared to the previous day.
The GBP/USD pair exhibits a volatile trend as the October inflation data from the US aligns with market expectations. Notably, despite a slight increase in headline inflation, the rigidity in core inflation stands out. This situation supports expectations for a rate cut at the Fed's December meeting. However, economic indicators to be announced in the upcoming period, such as the PCE Deflator, Nonfarm Payrolls, and November CPI data, may affect Fed expectations and market volatility. Today's focus points include US PPI data and remarks from the Fed and ECB presidents.
From a technical perspective, the GBP/USD pair is trading below the 1.2820 – 1.2860 region, which corresponds to the 34 and 55-period exponential moving averages. If the pair falls below the August 6, 2024 low of 1.2670, the pressure towards the 1.2600 level is expected to continue. In an upward recovery, movements above the 1.2715 resistance level may be seen; however, if the overall negative trend persists, the selling pressure at these levels will remain significant. The RSI indicator is at the 40 level, showing a negative outlook, and the pair has declined by 0.19% compared to the previous day. Support levels are monitored at 1.267, 1.263, and 1.260, while resistance levels are at 1.2715, 1.278, and 1.282.
The USD/TRY pair is moving in line with the strengthening of the US dollar in global markets. The mixed trend in Asian markets and US inflation data aligning with expectations increase the likelihood of a rate hike by the Fed at the December meeting. This situation supports the rise in the dollar index. Although the Turkish Lira shows a strong outlook compared to other emerging market currencies, it generally remains weak.
Technically, the USD/TRY pair is trading near the 34.34 level. For the pair, the 34.29, 34.22, and 34.16 levels are being monitored as support points, while the 34.39, 34.45, and 34.52 levels are being followed as resistance levels. The RSI indicator shows a neutral trend and the pair may tend to consolidate between 34.52 – 34.16 for a while. The pair, which has not shown much change compared to the previous day, may continue its upward movement by maintaining above the 34.52 resistance if it remains in a positive trend. However, in the absence of significant TL-based news flow, no significant change in the current trend is expected.
The increase of consumer inflation to 2.6% in the US causes the dollar index to appreciate, increasing pressure on gold. Despite the rising expectation of a 25 basis point interest rate cut by the Fed in December, the strengthening of the dollar leads to a depreciation in gold. While the effects of Trump's policies continue, the PPI, unemployment claims, and the speech by Fed Chair Powell to be announced during the day have the potential to impact market movements.
In the short term, spot gold is trading below the 2590 - 2600 resistance area. From a technical perspective, the pullback may continue down to the support levels of 2560 and 2550. The RSI indicator is at 30, indicating that the market is approaching an oversold area, presenting a negative outlook. There was a 0.68% decline compared to the previous day. Unless a sustained movement above the 2590 - 2600 area occurs, the expectation of a decline may persist. However, if this area is surpassed, the resistance levels of 2610 and 2620 may be targeted.
The oil market continues to be under pressure with the weak demand outlook and the American Petroleum Institute's statements on stock decreases. While mixed trends are observed in Asian markets, the U.S. inflation data announced in line with market expectations attracted attention. The dollar index continues its rise, reaching the highest levels of the year, while the increase in U.S. 10-year Treasury yields is among the factors being closely monitored by the markets. As the likelihood of the Fed raising interest rates in December strengthens, investors will continue to monitor the progress of European and U.S. stock markets during the day.
WTIUSD prices continue to move below the resistance levels of 68.50 – 69.00. In the chart, these levels observed in the hourly timeframe stand out as a significant barrier for the price, while downward movements may target the support levels of 67.50 and 67.00. The RSI indicator is at the level of 42, presenting a negative outlook. There has been a 0.12% drop compared to the previous day. In the event of possible recoveries, closures above the 68.50 – 69.00 resistance should be monitored, and in this case, the levels of 69.50 and 70.00 may come into play.
Crude oil futures continue to be under pressure due to the weak demand outlook. The American Petroleum Institute's announcement of a 780,000-barrel decrease in stockpiles failed to change this negative sentiment in the markets. While a mixed trend is observed in Asia, the U.S. inflation figures aligning with expectations and the increased likelihood of a Fed rate hike supported the dollar index upwardly. This situation could create additional pressure on oil prices.
Technically, the BRNUSD pair may retreat towards the support levels of 71.50 and 71.00. If the price remains below the resistance levels of 72.50 - 73.00, the downward trend may continue. The RSI indicator is at the 71 level, while the market generally exhibits a neutral outlook. Despite observing a 0.08% increase compared to yesterday's closing, short-term recovery movements are noted; however, it would be challenging to speak of a stronger upward potential unless hourly closings above 73.00 occur.
The NASDAQ100 index is experiencing slight fluctuations due to the announcement of expected inflation rates in the US and the subsequent rise in 10-year bond yields. Although the increase in inflation to 2.6% annually has raised expectations for a rate cut by the Fed in December, its impact on the index remains limited. Considering the complex effects of Trump's policies on the markets, the index is expected to find direction based on PPI data, unemployment claims, and statements by Fed Chairman Powell during the day.
From a technical perspective, the NASDAQ100 index is trading above the 21100 – 21250 support zone. If it can maintain above the 21250 level in the short term, the index may target the 21300 and 21400 resistance levels. The RSI indicator is at the 40 level, displaying a negative outlook, which may indicate that the current downward pressure on the index could continue. In case of downward movements, if it sustainably stays below the 21100 level, the 21000 and 20900 support levels may be tested. The index has shown a decline of 0.19% compared to the previous day.
The DAXEUR pair is exhibiting a volatile trend on the fourth trading day of the week, influenced by negative pricing reactions in global markets. While there are losses exceeding 5% in Hong Kong, the notable drops near 1.70% in France are drawing attention in Europe. Signals of contraction in Germany's economic outlook and Trump's tariffs are among the significant factors creating pressure on European stock markets. Political developments in Europe, along with upcoming PPI data from the US and speeches by Fed Chair Powell and ECB President Lagarde, could increase the pressure on the index.
Technically, the DAXEUR index has been trading in the 18995 - 19090 range for a long time. This range, remaining below the 55 and 89-period moving averages (19350 - 19435), indicates a short-term decision phase. If the index considers this range as a bottom, an upward movement towards the averages may be observed. However, if it falls below this range, the potential for deepening sales and a decline towards the 18215 level could come into play. The RSI indicator is showing a neutral trend at the 45 level. The index has lost 0.12% in value compared to the previous day.
U.S. natural gas futures faced profit-taking after showing some upward movement due to expected cold weather in late November. The performance of European and U.S. stock markets and the inventory figures to be released by the U.S. Energy Information Administration could impact pricing. Inflation in the U.S. aligning with market expectations and the rise in the Dollar index may play a significant role in the course of natural gas prices. Additionally, the increase in headline inflation and the possibility of a Fed rate cut in December are other factors shaping the markets.
From a chart perspective, when examining NGCUSD parity on the daily timeframe, the 2.91 level emerges as a critical support. If hourly closures occur below this level, declines to 2.88 and 2.85 levels may be experienced. In upward movements, the 2.975 and 3.01 resistance levels may be targeted. The RSI indicator is at 42, portraying a negative outlook. A slight decline of 0.07% compared to the previous day has been observed. The 2.91 – 2.95 range can be monitored as the key level of the day.
The EURUSD pair shows a positive reaction as the Classic Dollar Index experiences pressure near its October 2023 peak levels. The pullback of the index has had a positive impact on the pair. However, the potential for the index to maintain its upward trend could change depending on weekly macroeconomic developments. If the index can maintain above the 107 level, this could increase the likelihood of moving towards its November 2022 level of 109.25. This process creates a situation that should be closely monitored in the EURUSD pair.
From a technical perspective, the EURUSD pair is trading below the 1.0560 level on the 1-hour chart, indicating a weak trend. The initial support levels for the pair are highlighted as 1.056, 1.0525, and 1.049, while the resistance levels are monitored at 1.06, 1.0638, and 1.0675. The RSI indicator is at the 45 level, suggesting a slightly negative market outlook. The pair shows a decrease of 0.12% compared to the previous day. In this context, if pricing below 1.0560 continues, the downward trend may be maintained, but in case of recovery efforts, it is crucial to closely follow the resistance levels.
The GBP/USD pair gained value amid the pressure following the approach of the Classic Dollar Index to its October 2023 peak. This pullback in the Dollar Index created a positive reaction, especially in pairs like GBP/USD and EUR/USD. While the 34 and 233-day moving averages of the Dollar Index support the primary trend's upward movement, macro developments during the week may be decisive in determining how long this reaction in the index will last. However, if the Dollar Index rises above the 107 level, the possibility of targeting the 109.25 level from November 2022 should not be ignored.
From a technical outlook perspective, it is observed that GBP/USD continues to remain below the 34 and 55-period exponential moving averages in the 1.2720-1.2780 region. This indicates a negative trend for the pair. If the downward movement strengthens, slipping below the 1.2600 level could mean further pressure towards the 1.2445 level. The current price is trading at the 1.2670 level, and the RSI indicator shows a negative outlook at the 42 level. The pair recorded a 0.06% decline compared to the previous day. The support levels are monitored at 1.2645, 1.26, and 1.256, while resistance levels can be tracked at 1.272, 1.278, and 1.286.
The USD/TRY pair is experiencing a day where emerging market currencies are showing varied performances against the US Dollar. The Turkish Lira, alongside the Polish Zloty, exhibits a weak outlook, drawing attention with a 0.12% depreciation. In global markets, the positive trend in Asian stocks and the decline in US bond yields, along with weakness in the dollar index, contribute to the volatile course of the USD/TRY pair. The increase in geopolitical risks and news of US support for Ukraine also heighten uncertainties in the markets.
On the chart, the USD/TRY pair is trading around the 34.59 level. Technically, the 34.36 - 34.39 region stands out as an important support level. As long as the pair stays above this region, it may move towards 34.63 resistance, followed by 34.70 and 34.78 levels. The RSI indicator is at the 40 level and shows a negative trend. The daily change has occurred at a rate of 0.40%. If the price breaks the 34.36 support, further pullback may be observed.
The increase in geopolitical risks and the decline in the US Dollar Index contribute to the appreciation of ounce gold by boosting safe-haven demand for gold. The Biden administration's support for Ukraine and the escalation of tensions with Russia are heightening risk perception in the markets. The recovery in Asian indexes and the decline in US bond yields support the weakening of the dollar, allowing gold to appreciate. In this process, developments in global markets and the course of geopolitical risks will continue to be decisive in the direction of gold prices.
Technically, ounce gold is trading at the 2623 level on the 4-hour chart, with resistance levels standing out at 2630, 2633, and 2640 in upward movements. In downward movements, support levels at 2620, 2610, and 2600 can be monitored. The RSI indicator shows a positive trend at the 61 level. Gold prices increased by 0.43% compared to the previous day. Movements in the 2620 – 2610 range could play a key role in determining the continuation of the general trend. Notably, 4-hour closings below 2600 could lead to increased downward pressure.
WTI oil prices are exhibiting a calmer trend following the previous day's rise due to increased geopolitical risks. The United States' support for Ukraine and the rising tensions in the region are among the determining factors in oil pricing. In a global market environment where Asian indices are trending positively, U.S. interest rate policy and fluctuations in bond yields continue to impact the oil market. The weakening of the dollar index also stands out as a supportive factor for oil prices.
In the chart, when examining WTI oil prices on an hourly timeframe, it is trading close to the 69.00 resistance level. In upward movements, the levels of 69.50 and 70.00 can be observed as resistance. In downward relaxations, the levels of 68.50 and 68.00 stand out as support. The RSI indicator is at the 60 level, showing a positive trend. A 0.13% rise in prices is observed compared to the previous day. This technical outlook may indicate that the upward potential of the prices is maintained.
Crude oil futures are showing a more stable trend after rising due to increased geopolitical risks. The U.S.'s support for Ukraine in using long-range weapons against Russia has heightened tensions in the region. This situation is affecting oil prices and creating uncertainty in the market. On the other hand, the positive trend in Asian stock markets and the decline in U.S. bond yields are providing partial optimism in global markets. However, political developments in the U.S. and uncertainties over the Fed's interest rate policy may increase market volatility.
Technically, the BRN/USD pair is trading at the 73.00 level. On the daily chart, support levels are observed at 73.00, 72.50, and 72.00, while resistance levels are set at 74.00, 74.50, and 75.00. The RSI indicator is displaying a neutral outlook around the 50 level, indicating that the pair may trend sideways. The pair, which showed a 0.29% increase compared to the previous day, has the potential to fluctuate between the identified support and resistance levels. As long as the pair maintains its movement above 72.50, upward movements could be observed.
The NASDAQ100 index is showing a recovery trend due to the limited declines in the U.S. 10-year bond yield. The decrease in bond yields creates a favorable environment, especially for technology companies. The financial results of major companies like Walmart and Nvidia may play a significant role in the index's performance. Additionally, reports that the Trump administration may ease regulations for autonomous vehicles have increased interest in the technology sector. However, the rise in global geopolitical risks and uncertainties regarding the Fed's interest rate policy are factors investors need to be mindful of.
From a technical perspective, the NASDAQ100 index is trading in the 20680 - 20785 range on the 4-hour chart. This area can be considered a decision phase in the short term. Sustaining above the 20785 level is necessary for the continuation of the upward trend. Should this occur, movements toward the 20820 and 20900 resistance levels can be observed. In downward movements, the 20680 level is a critical support position, and if there close below this level for a 4-hour period, the 20605 and 20500 support levels may come into focus. The RSI indicator maintains a neutral course. The index has increased by 0.21% compared to the previous day.
Contrary to the optimistic start in the US, a mixed picture is observed in Europe. In a setting where Spain, the UK, and France show positive performance, while Italy, the Netherlands, and Germany exhibit a negative trend, the DAX 40 index is trading slightly below its breakeven point with a 0.11% decline. The general uncertainty in European markets, especially with increasing pressures in Italy, is also felt on the DAX 40. This situation indicates that new surges in the market have not yet been confirmed.
From a technical perspective, the DAX 40 is trying to maintain its stability above the support zone of 18995 - 19090. However, establishing sustained movements above the 19350 resistance level seems challenging for confirming the upward trend. The RSI indicator is at level 68, showing a positive trend. In this framework, the levels of 19350, 19435, and 19530 can be monitored as resistance, while in downward movements, 19275, 19195, and 19090 levels are positioned as supports. The index has recorded an increase of 0.36%, indicating a slight recovery trend for now.
The US natural gas futures contract showed a recovery with expectations of cold weather, even though it started the week with a loss. The prices are under upward pressure due to expectations of increased heating demand. However, stock levels being 6% above seasonal averages may continue to exert pressure on prices. In global markets, the decline in bond yields and the weakening of the dollar index from the US have limited impact on natural gas pricing.
When analyzing the NGCUSD pair on the hourly timeframe chart, it is trying to hold above the 3.125 - 3.150 support level, which is of critical importance. In upward movements, the levels of 3.185 and 3.215 can be observed as resistance. The RSI indicator is at level 41, showing a negative outlook. There has been an increase of 1.228% compared to the previous day. This data indicates that the pair may continue its movements above the support level in the short term. However, hourly closings below the 3.125 level could trigger a downward trend.
This week, the EUR/USD pair is focused on significant developments such as Manufacturing and Services PMI data from the Eurozone, CPI data from Canada and the UK, China's credit interest rate decisions, and NVIDIA's financial results. On the US front, speeches by Chicago Fed President Goolsbee and ECB President Lagarde might also be noteworthy. The posture of the Dollar Index at the 107 level is a critical factor that could affect movements in the pair. The status of the index, which reached the peak of October 2023, may put pressure on the EUR/USD pair.
From a technical perspective, the EUR/USD pair may continue to remain weak as long as it fails to surpass the 34-day moving average at the 1.0595 level. The pair is currently trading just above the support at the 1.0525 level. The support levels at 1.0525 and 1.049 may strengthen the probability of maintaining the downward trend of the pair. In upward movements, resistance levels at 1.056 and 1.0595 should be monitored. The RSI indicator is at level 45, presenting a negative outlook. This suggests that the pair might remain under downward pressure. The pair, which showed a decrease of 0.06% compared to the previous day, may exhibit volatile movements in the short term.
The GBP/USD pair is in a search for direction in the new week, focusing on Manufacturing and Services PMI data alongside the CPI figures from the Eurozone and the UK. The dollar index surpassing the 105.10 level and reaching the October 2023 peak is putting pressure on the Sterling. Uncertainty in Japan's interest rate policies and the possibility of US rates remaining at high levels are among the factors affecting the pair in global markets. In light of these developments, the market continues to assess the likelihood of the Fed making a 25 basis point cut in December.
From a technical perspective, while the GBP/USD pair hovers below the 1.2600 level on the daily chart, the negative trend continues below the 34 and 55 period exponential moving averages, located between the 1.2720 and 1.2780 levels. Support levels at 1.2600, 1.2560, and 1.2520 are monitored in downward movements. In the event of potential upward movements, resistance levels at 1.2645, 1.2720, and 1.2780 can be observed. The RSI indicator is at the 40 level and exhibits a negative trend. The pair shows a decline of 0.11% compared to the previous day.
On a day when the currencies of developing countries are generally exhibiting weak performance against the US Dollar, the Turkish Lira is observed to be among the weakest. In global markets, uncertainties regarding the interest rate policy of the Bank of Japan and expectations of possible rate cuts in the US are attracting attention. The weakness of the Turkish Lira, along with other weak currencies like the Argentine Peso, is causing it to struggle in maintaining resilience against the dollar.
From a technical standpoint, the USD/TRY pair is trading at the level of 34.46, with 34.45, 34.39, and 34.29 levels being monitored as support. In upward movements, resistance levels of 34.52, 34.60, and 37.69 are significant. While the pair tries to stay above the support level, the RSI indicator is at 60, presenting a positive outlook. This situation suggests a potential signal for an upward movement of the pair, although a 0.08% decline was recorded compared to the previous day. According to the Envelope indicator, the 34.60 resistance is highlighted as an important barrier.
Despite the rise in the US Dollar Index, gold has shown some recovery due to increasing geopolitical risks. President Biden's support of long-range missiles to Ukraine has contributed to gold's appreciation by boosting safe-haven demand. Additionally, Fed Chair Powell's statement that interest rates may remain high has indirectly created a positive effect on gold by suppressing expectations for rate cuts.
Technically, on the 4-hour chart, gold is in a decision phase between the 2580 – 2600 levels. Its current price is at the 2585 level. If it can sustain above this level, the price could move towards the 2610 and 2620 resistance levels. However, if 4-hour closes occur below the 2580 level, the 2570 and 2560 support levels may come into focus. The RSI indicator is at 40 and indicates a negative trend. On a daily basis, the price continues with a 0.94% decline.
WTI crude oil prices are trying to recover amid supply concerns following Russia's airstrikes on Ukraine. However, efforts by the West to persuade Ukraine to reach an agreement with Russia and weak expectations regarding global demand, particularly from China, are causing oil prices to remain weak. While significant developments are awaited in global markets, the performance of European and US stock exchanges will continue to be closely monitored throughout the day. Last week, Fed Chairman Powell's announcement that interest rates may remain high for a longer period exerted pressure on the markets.
From a technical perspective, when examining the WTIUSD chart on an hourly time frame, the resistance levels of 67.5-68.0 are seen as important. As long as the pair stays below these levels, the downward trend may continue. The RSI indicator is at level 42, indicating a negative outlook. In the event of possible declines in prices, the support levels of 66.5 and 66.0 can be monitored. Despite showing a 0.16% increase compared to the previous day, further rises require closures above the 68.0 level, in which case the 68.5 resistance could come into focus.
Although oil prices showed a recovery trend due to supply concerns following Russia's airstrikes on Ukraine, efforts by the West to reach a settlement over Ukraine and weak expectations for global demand caused prices to remain in a declining trend. Particularly, weak expectations regarding the Chinese economy negatively impact oil demand. The performance of European and US stock markets is among the factors that could influence intra-day movements in the oil markets.
Charts indicate that the BRN/USD pair is trading below the 71.50 - 72.00 resistance level and is on a downward trend. As long as it remains below these levels, 71.00 and 70.50 levels can be monitored as support. The RSI indicator is at the 40 level, displaying a negative outlook in the market. Compared to the previous day, there is a 0.34% decline, indicating that the weakness in prices persists. In the event of potential recovery movements, hourly closings above the 72.00 level could be important for the continuation of an upward movement.
The EUR/USD pair reacted positively following a pullback in the index after the Classic Dollar Index approached its October 2023 peak. Today, attention is focused on inflation data from the UK as well as statements from ECB President Lagarde and Fed officials. The Dollar Index's movement in the 103.25 - 103.90 range supports a positive outlook, but maintaining levels above 107 could indicate higher levels.
The pair is currently trading near the 1.0600 resistance level on the 1-hour chart. In downward movements, the 1.056 and 1.0525 levels can be monitored as support. The RSI indicator is at 46, showing a neutral trend. The pair recorded a 0.07% decline compared to the previous day. In this context, if the price surpasses the 1.0600 level, resistance levels of 1.0638 and 1.0675 can be targeted.
The NASDAQ100 index is experiencing volatility due to statements from Fed Chair Jerome Powell and movements in the US 10-year treasury bond yields. Powell's approach to not rushing to lower interest rates creates pressure in the market, while expected financial results from Nvidia and developments regarding the artificial intelligence trend could impact the technology sector. Asian markets started the week with mixed appearances, and the uncertainty surrounding interest rates from Japan also draws attention. In the US, index futures are showing a positive trend, and the dollar index is showing some recovery.
Technically, the NASDAQ100 index is trading below the 20800 – 20900 region. This area is supported by the 21 and 89-period exponential moving averages, indicating a negative outlook for the index. In downward movements, the 20500 and 20350 levels serve as support positions. The 233-period exponential moving average at the 20500 level should be monitored as an important support level. If the index maintains above the 20800 – 20900 region, a move toward the 21000 and 21100 resistance levels could be observed. The RSI indicator currently shows a neutral outlook, and the index is seen rising by 0.69%.
The GBP/USD pair found support as the Classic Dollar Index approached the 107 level and pulled back from there. Inflation data to be announced from the UK and messages from ECB President Lagarde and Fed officials may have an impact on the pair. The anticipated increase in the UK's inflation data could pressure the Bank of England's monetary policy. These developments could be decisive for the direction of the GBP/USD pair.
Technically, the GBP/USD pair continues to trade below the resistance levels in the 1.2700 and 1.2745 region on the 1-hour chart. It's notable that the pair is moving between the 1.2645 - 1.26 support levels. The RSI indicator is showing a neutral trend at the 47 level. It has been observed that the pair changed by 0.02% during the day. If the downward pressure continues, the pair could retreat to the 1.256 level. For a positive recovery, movements above 1.2700 should be monitored.
Important Manufacturing and Services PMI data for the Eurozone, as well as CPI figures from Canada and the UK, are among the key developments that markets will closely watch. Additionally, credit interest rates from China and NVIDIA's financial results will be carefully followed. Although today is a quiet day in terms of data, speeches by Chicago Fed President Goolsbee and ECB President Lagarde will be monitored by investors. These developments could particularly affect European and US indices and increase market volatility.
When the DAX40 index is examined technically, efforts to remain above the 18995–19090 region are notable. For the index to continue its upward trend, it is important to sustain movements above the 19350 level. Surpassing this level could make targeting the 19800 peak possible. However, if the index remains below this level, a pullback towards the 18995–19090 support zone might be observed. The RSI indicator is at 60, showing a positive outlook. The index has gained 0.36% in value compared to the previous day.
The USD/TRY pair is trading on a neutral line amid the performance of emerging market currencies against the US Dollar. The Turkish Lira presents a balanced outlook compared to other currencies. Limited bond yield increases in the US and restricted gains in the dollar do not seem to have had a significant impact on the Turkish Lira. Calmness observed in Asian markets and inflation expectations in the UK are drawing attention in international markets. However, geopolitical risks are creating some tension in the markets, especially with their impact on gold prices.
When looking at the price movement on the chart, the USD/TRY pair is monitoring support levels at 34.45, 34.39, and 34.33 in the short term. On upward movements, resistance levels of 34.52, 34.57, and 34.63 stand out. The pair is currently trading at the 34.52545 level, indicating a 0.22% increase compared to the previous day. The RSI indicator has a positive outlook, which may support the upward movement of the price. According to the Envelope indicator, if the price surpasses the 34.67 level, the upward movement could become stronger. However, a tendency to squeeze may persist below this level.
US natural gas futures continue to remain under pressure due to the increase in stocks; however, the approach of winter months with colder weather and expectations of a production decline are creating a balanced view in the market. Monitoring the trends of European and US stock exchanges could impact natural gas prices. The mixed trend observed in Japanese and Asian markets along with US interest rate policy expectations are creating uncertainty in global markets. The US dollar's intraday depreciation and subsequent recovery can indirectly influence natural gas prices.
The NGCUSD parity is technically trading within the 3.150 - 3.215 range. If the parity falls below the 3.150 level, the support levels of 3.125 and 3.100 could be targeted. Conversely, the 3.215 resistance may play an important role in recovery movements. Closures above this level may lead the parity to test the resistance levels of 3.260 and 3.295. The RSI indicator can be considered for a clearer evaluation of the market's technical outlook. However, the 5.97% rise during the day is noteworthy, indicating that one should remain vigilant about price movements in the short term.
The escalation of tensions between Ukraine and Russia is raising the perception of geopolitical risk, thereby increasing demand for safe havens. Concerns about potential responses from Russia are supporting the rise in gold prices. Although Russia has made a negative statement about nuclear war, the overall perception of risk remains at high levels. This situation leads investors to prefer gold as a safe haven, contributing to the upward trend in prices.
In the short term, spot gold is trading above the 2620-2630 range, which is an important resistance area. From a technical perspective, the 2640 and 2650 levels are being monitored as significant resistance points. The RSI indicator is at the 60 level, displaying a positive outlook that suggests upward movements may continue. A 0.22% increase compared to the previous day indicates that buyers still have influence over the market. However, closures below the 2620 level on a 4-hour basis could strengthen expectations of a decline and bring the 2610 and 2600 support levels into focus.
Despite the rising tensions between Ukraine and Russia, oil prices are trending sideways, influenced by inventory increases reported by the American Petroleum Institute. The trends in European and US markets, along with stock data to be announced by the US Energy Information Administration, will be important in determining the short-term direction of oil. In a period where Asian markets are relatively calm and US 10-year Treasury yields have reached 4.40% with a limited increase, the dollar index is also showing a limited rise. Amid geopolitical risks and increased volatility, oil prices continue to exhibit a relatively calm trend.
On the WTIUSD chart, prices are trading at 69.354. In technical analysis, as long as prices remain above the 68.50 - 69.00 support level, the upward outlook may be more prominent. In possible upward movements, the 69.50 and 70.00 resistance levels can be monitored. In downward movements, trends below 68.50 should be observed, and potential closings below this level could bring the 68.00 and 67.50 levels into focus. On the daily chart, the RSI indicator is at the 50 level and shows a neutral trend. Prices have shown a decline of approximately 0.11% compared to the previous day.
Brent oil prices are trying to stabilize amidst the tension between Ukraine and Russia, and the American Petroleum Institute's announcement of a 4.8 million barrel increase in inventories. The cautious stance in global markets also influences oil. While Asian indexes are following a calm trend, the limited rise in U.S. 10-year bond yields and the increase in the dollar index are noteworthy. The trends in European and U.S. stock markets and the inventory figures to be announced by the U.S. Energy Information Administration could be decisive in oil pricing.
Technically, Brent oil prices are trading in the 72.50 - 73.00 support range on 4-hour charts. As long as this level is maintained, upward movements are expected to continue. Resistance levels to monitor for upward movements are 73.50 and 74.00. The RSI indicator shows a neutral outlook at the 51 level. Trading with a 0.09% increase compared to the previous day, if oil cannot maintain support at 72.50, the levels of 72.00 and 71.50 could come into play.
The NASDAQ100 index continues its positive movement ahead of Nvidia's financial results. The artificial intelligence trend and developments in the technology sector are expected to impact Nvidia's performance. Although Ukraine's actions elevated geopolitical risks following Biden's approval of the ATAMCS missiles, statements from Russian Foreign Minister Lavrov suggesting there would be no nuclear war have reduced the impact of these risks. U.S. 10-year bond yields and the dollar index registered limited gains, and cautious pricing is observed in the markets.
Technically, the NASDAQ100 index continues to remain in the support zone of 20680 – 20785. As long as it stays above this level, the resistance levels of 20900 and 21000 can be monitored. The index is being analyzed on a 4-hour chart, with the RSI indicator level at 57, showing a positive trend. The index rose by 0.21% compared to yesterday's close. A close below the 20680 level could trigger a pullback to the support levels of 20500 and 20375. The 20500 level is crucial in determining whether declines will continue.
On global markets, general confusion is distinctly felt, especially in the European and Asian markets, while optimism continues on the US stock exchanges. In Europe, Italy's economic pressures and the relatively positive economic performance of the UK stand out. The German DAX 40 index is noted for losses approaching 1%. Geopolitical risks and factors such as US interest rate policies lead to a cautious stance in the markets.
Technically, the DAX 40 index is moving in a critical range between 18995 and 19090. Maintaining above this level is important for the continuation of the upward trend. However, the resistance zones between 19275 and 19350 need to be surpassed, in which case the 19800 levels could be targeted. Otherwise, the index risks pulling back to the 18995 - 19090 support levels. The RSI indicator is at 58 in the chart, showing a positive trend, and the index is up by 0.31% compared to the previous day.
U.S. natural gas futures find support from forecasts that expected weather conditions in the country will boost demand and an improving export outlook. However, it was observed that profit-taking became effective following yesterday's gains. During the day, the performance of European and U.S. markets, as well as geopolitical risks and fluctuations in the U.S. 10-year bond yield, are considered to have an effect on the NGCUSD pair. While anticipated changes in interest rates in China did not occur, the limited rise in the U.S. dollar index also draws attention in the markets.
Technically, the NGCUSD pair is trying to stay above the support levels of 3.15 and 3.125. As long as it remains above these levels, the upward trend may continue. In upward movements, the levels of 3.215 and 3.26 can be monitored as resistance. The RSI indicator is at the 51 level, showing a neutral outlook. It is noteworthy that the pair has increased by 0.39% compared to the previous day. In possible declines, hourly closures below the 3.125 support could bring the levels of 3.1 and 3.070 to the forefront.
The EURUSD pair reacted positively with the weakening dollar after the Classic Dollar Index approached its October 2023 peak. The macroeconomic data coming from the US could determine the Dollar Index's persistence at the 107 level. According to the technical outlook of the index, the current positive trend continues, and a possible move towards the 109.25 level might remain on the agenda. On the European side, the impact of economic data on the pair will continue to be monitored.
From a technical perspective, the EURUSD pair is trading below the 34 and 55 period averages located at the 1.0580 - 1.0610 levels. A drop below the 1.0525 support might trigger a move towards the 1.0450 level. However, a recovery above the 1.058 level could support an upward movement. The RSI indicator stands at 43, presenting a negative outlook. The pair has shown a change of 0.05% compared to the previous day.
The upcoming data from the US, including Unemployment Claims, the Philadelphia Fed Manufacturing Index, and Home Sales, could lead to volatility in the GBP/USD pair. The levels close to the peak seen in the Dollar Index continue to affect the pair's movements. Despite the dollar's strong trend, if the GBP/USD pair continues to stay below the 34-day average, the effects of new data regarding the US economy should be closely monitored. The ongoing interest rates and geopolitical risk factors in the US may also be decisive for the pair.
When examining the GBP/USD pair on the 1-hour chart, the levels of 1.2685 and 1.2725 stand out as resistance, while 1.26, 1.256, and 1.252 are observed as support. The pair has slightly declined, with a decrease of 0.013%, at the level of 1.26514. The RSI indicator provides a neutral signal, and there is very little change compared to yesterday's close, which may indicate that the pair is searching for direction in the short term.
The USD/TRY exchange rate is displaying a weak outlook, paralleling the movements of emerging market currencies against the US Dollar. The Turkish Lira has depreciated by 0.08%, with uncertainties regarding the CBRT's interest rate decision exerting pressure on the exchange rate. In international markets, particularly the downturn of US and Asian stock exchanges and the increase in geopolitical risks are also boosting demand for the Dollar. After yesterday's rise, the Dollar index is showing a calm trajectory, which is among the fundamental factors affecting the USD/TRY exchange rate.
In technical analysis, the USD/TRY pair is trading near the 34.48 level. In short-term movements, the levels of 34.39 and 34.30 are monitored as support. In upward movements, the resistance levels to watch are 34.51 and 34.57. The level of 34.65 stands out as a stronger resistance point. The RSI indicator is at 60, showing a positive trend. The pair has increased by 0.17% compared to yesterday’s close. Persistence above 34.30 may support the pair's upward momentum, while closures below this level may increase short-term pressure.
With the increase in geopolitical risks, gold prices continue their upward trend. Ukraine's attacks on Russia and the U.S. vetoing the ceasefire in Gaza are increasing tensions in the region, supporting the safe-haven demand for gold. Additionally, U.S. unemployment claims are being monitored by the market. Such developments cause investors to turn to safe assets like gold.
From a technical perspective, gold is trading at the 2657 level on the 4-hour chart. As long as it remains above the 2630-2640 support zone, the positive trend continues. In upward movements, resistance levels of 2660 and 2670 can be monitored. On the downside, closures below the 2630 level may bring the 2620 and 2610 support levels into focus. The RSI indicator shows a positive trend, indicating that the rise may continue from the current levels. An increase of 0.27% is observed compared to the previous day.
WTI crude oil prices remain under pressure despite rising geopolitical risks due to U.S. inventory data releases. Ukraine's missile attacks on Russia and Russia's threat of using nuclear weapons increase the uncertainty in oil prices. However, the U.S. Energy Information Administration's announcement of a 500,000-barrel increase in stocks raises concerns about oversupply, pulling prices down. In this scenario, developments in European and U.S. stock markets may be expected to affect oil prices.
According to chart data, WTI oil is trading in the 68.50 - 69.00 support zone. In upward movements, the levels of 69.50 and 70.00 are monitored as resistance, and if these levels are exceeded, the 70.50 level can be targeted. In case of possible declines, hourly closings below the level of 68.50 may bring up support levels of 68.00 and 67.50. The RSI indicator is at the level of 40, exhibiting a negative outlook. There is a 0.40% decrease compared to the previous day.
Crude oil futures experienced a limited decline despite rising geopolitical risks due to the increase in U.S. inventories. Developments such as Ukraine's long-range missile attacks on Russia and Russia reserving the right to use nuclear weapons increased geopolitical risk perception. Nonetheless, the U.S. Energy Information Administration's announcement of an increase of about 500,000 barrels in inventories pressured the prices. The trajectory of European and U.S. stock markets is among other factors that could impact oil pricing throughout the day.
From a technical perspective, as long as the BRNUSD pair maintains above the 72.50 - 73.00 support levels, it may show an upward trend. In potential rises, the 73.50 and 74.00 resistance levels can be targeted. However, if the downward trend continues, closures below the 72.50 level should be closely monitored. In this case, the 72.00 and 71.50 levels may come into play as supports. The RSI indicator stands at the 50 level, presenting a neutral outlook and not indicating a clear direction in price movements. It is observed that the pair ended the day with a 0.11% decline.
Despite Nvidia's results surpassing market expectations, the NASDAQ100 index continues to be under pressure due to the stagnant outlook in the markets. Data regarding US unemployment benefit claims will be closely monitored today. Additionally, increasing geopolitical risks, particularly the tension between Ukraine and Russia, are heightening uncertainties for the markets. US 10-year bond yields remain at the level of 4.40%. The decline observed in global markets, especially in Asian stock exchanges, is also putting pressure on the NASDAQ100.
From a technical perspective, the NASDAQ100 index is trading within the 20680 – 20785 support zone. The decision phase scenario within this zone remains valid. Persistent movements above the 20785 level may allow for the strengthening of upward momentum, and resistance levels at 20900 and 21000 could be tested. In the case of downward movements, if it remains persistently below the 20680 level, the 20500 and 20375 support levels may be targeted. The RSI indicator is displaying a neutral outlook, and it is observed that the index shows a negative change of 0.27%.
The DAX40 index is moving in line with the mixed trend in European and Asian stock markets and the optimism observed in US stock indices. In Europe, Italy's economic pressure and the UK's efforts to remain positive stand out as the only positive change within the overall negative outlook, while the DAX40 index experiences losses slightly exceeding 1%. Geopolitical risks and economic data from the US and Europe are among the subjects carefully monitored by the market. These factors are influential on the general direction of the index.
From a technical perspective, the DAX40 index is at a decision point near the long-term monitored support level of 18995 – 19090. Maintaining this level is important for the continuation of the upward trend. However, confirmation of the rise requires sustained movements above the resistance zone of 19275 – 19350, located at the 55 and 89-period moving averages. The RSI indicator is displaying a neutral outlook around 50. The index has shown a slight increase of 0.14% during the day. If it pulls below the 18995 level, there is a risk of a retreat towards the 18885 and 18780 support levels.
U.S. natural gas futures gained significant value due to cold weather forecasts for the end of November. The expectation of temperatures below seasonal norms increases natural gas demand, exerting upward pressure on prices. The course of European and U.S. markets, along with the inventory data to be released by the U.S. Energy Information Administration, are among the factors to be closely monitored in the markets. Global geopolitical developments, such as geopolitical risks and U.S.-China relations, also create fluctuations in energy markets.
From a technical perspective, the NGCUSD pair is trading above the 3.33 - 3.37 support levels on the daily chart. As long as it remains above these levels, upward movements are expected to continue. In upward movements, 3.44, 3.50, and 3.535 resistance levels can be observed. The RSI indicator is at 49, showing a neutral outlook. A rise of 1.93% compared to the previous day is noteworthy in the pair. In case of possible pullbacks, the 3.4 and 3.37 support levels should be monitored; if hourly closings are seen below the 3.33 level, the potential for a decline may increase.
The EUR/USD pair may be influenced this week by significant economic data, including CPI figures from Germany and the Eurozone, third-quarter growth data from the US, and the Fed's inflation indicator, the PCE data. Additionally, the FOMC meeting minutes will be in the spotlight for investors. It should also be noted that markets will be closed due to the Thanksgiving holiday in the US. The Dollar Index reaching the 107.65 level is forming an important reference point in the forex markets, and movements at this level may influence the direction of the EUR/USD pair.
Technically, the EUR/USD pair is moving close to the resistance level of 1.052. In downward movements, the levels of 1.0438, 1.039, and 1.036 can be monitored as support. While the pair heads towards the 1.0438 support, upward reactions can follow resistance levels of 1.052, 1.056, and 1.060. The RSI indicator is at 47, indicating a neutral outlook. A pullback of 0.59% is observed in intraday movements.
The GBP/USD pair may be influenced by significant economic indicators this week, such as the FOMC meeting minutes to be released, the CPI data from the Eurozone, and the U.S. third-quarter growth figures. The IFO Business Climate Index from Germany could also impact the pair's trend. Additionally, close attention should be paid to how the Classical Dollar Index moves at the 107.65 level. Volatility may increase due to decreased liquidity on days when markets are closed for Thanksgiving in the U.S.
Technically, the GBP/USD pair is exhibiting a negative trend below the 34 and 55 period exponential moving averages located in the 1.2630 – 1.2670 range. In downward movements, the support levels of 1.256, 1.252, and 1.2485 should be closely monitored. The RSI indicator shows a slightly negative outlook. The pair has experienced a 0.49% drop compared to the previous day. In the event of an upward recovery, the resistance levels of 1.26, 1.266, and 1.27 may be tested. However, it should be noted that the main trend of the pair remains negative.
The USD/TRY pair fluctuates due to global developments. A general strengthening trend is observed in emerging market currencies with the positive trend in Asian markets and the positive news coming from the US. However, the Turkish Lira is struggling to benefit from this positive atmosphere and is showing a weaker performance compared to other currencies. Most of the interest is focused on global economic developments and the interest rate policies of major central banks. Specifically, the upcoming PCE inflation and growth data from the US and the Eurozone inflation data could determine the short-term movements of the pair.
Technically, the USD/TRY pair is fluctuating around the level of 34.46. In the 4-hour chart, the levels of 34.39, 34.33, and 34.22 can be observed as support, while the levels of 34.58, 34.67, and 34.74 are monitored as resistance. The RSI indicator is at level 48, indicating a neutral outlook. The pair shows weak performance with a 0.24% decline in the current price action. As long as it remains above the 34.33 level, which is the lower point of the Envelope indicator, upward movements are expected to continue. However, if the level of 34.67 is surpassed, the likelihood of the current trend strengthening may increase.
The nomination of Scott Bessent by President Trump for the Treasury Department has put pressure on the Dollar Index, while gold has been affected by these developments. Bessent is expected to take a more measured approach regarding tax cuts and tariffs, and it is thought that he will act with the aim of ensuring financial stability in the markets. In light of these developments, Asian markets have started the week optimistically, and the rise in US index futures is noteworthy. However, global risk factors such as the Russia-Ukraine tension and major central banks' interest rate policies continue to closely impact the markets.
Technically, gold is currently fluctuating in the 2660 – 2680 range, which forms a critical decision phase. For the upward scenario to be effective, there should be stability above the 2680 level, and in this case, movements towards the 2685 and 2690 resistance levels might be expected. On the other hand, for the downward trend to strengthen, 4-hour closings below the 2660 level might be necessary. In this scenario, the 2650 and 2640 support levels may be brought to attention. The RSI indicator is at 46, displaying a negative outlook, indicating that prices are weak. The change compared to the previous day is notable with a decrease of 1.70%.
The escalation of tension between Russia and Ukraine has driven oil prices to their highest levels seen in over two weeks. This situation raises concerns in the markets regarding the balance of oil demand and supply. Despite the general upward trend observed in overseas markets, particularly in Asian and US indices, Trump's appointment of Scott Bessent to the Treasury Department and its potential effects are being closely monitored. Additionally, economic indicators such as inflation figures in the Eurozone, PCE inflation in the US, and growth data are forming the focal point for markets in line with major central banks' interest rate policies.
WTIUSD continues to be priced above the support levels of 70.00 – 70.50 during the day. Maintaining these levels could be an important indicator for the continuation of the upward movements. In upward movements, resistance levels of 71.50 and 72.00 can be monitored. In the event of a downward movement, hourly closes below the 70.00 level could lead prices to pull back towards the 69.50 and 69.00 support levels. The RSI indicator is at the 45 level, showing a neutral stance. A decline of -0.37% is observed compared to the previous day.
The BRNUSD pair started the week with limited profit-taking after testing the highest levels in the past two weeks, influenced by the tension between Russia and Ukraine. While an overall optimistic atmosphere prevails in the Asian markets, the rise in the Japanese Nikkei index and the selling pressure in the Chinese mainland indices are noteworthy. In the US, PCE inflation, growth data, and the FOMC meeting minutes are among the key data to be watched this week. Additionally, the Russia-Ukraine tension and major central banks' interest rate policies are being monitored in the markets.
Technically speaking, the BRNUSD pair holding above the 74.00 support level on the hourly chart could be an important indicator for the continuation of the upward movement. In upward movements, the 75.00 and 75.50 levels can be watched as resistance. The pair is trading at the 74.125 level, and the RSI indicator at 47 suggests a neutral trend. In potential downturns, closures below the 73.50 support could introduce a pullback towards the 73.00 and 72.50 levels. The pair exhibits a 0.47% decline compared to the previous day.
The nomination of Scott Bessent for the Treasury Department by U.S. President Donald Trump has led to positive pricing in the NASDAQ100 index. Bessent is expected to adopt a more measured approach to tariffs and customs duties with Trump. Additionally, the weakening of U.S. 10-year bond yields is increasing risk appetite in the markets, contributing to the index's upward movement. Optimistic sentiment prevails in Asian markets as well, while economic data from the U.S. and the Eurozone and the FOMC meeting minutes are being closely monitored.
From a technical analysis perspective, the NASDAQ100 index is trading above the 21-period exponential moving average at the 20802 level on the 4-hour chart. Staying above the 20785 – 20900 support zone could create a space for an upward move. In this case, the 21000 and 21100 resistance levels may be observed. However, in a potential downside scenario, the 20680 and 20500 support levels could be significant. The RSI indicator is at 57 and showing a positive outlook, indicating that the current upward trend might continue. The index supports this trend by gaining 0.48% compared to the previous day.
The DAXEUR pair is shaped by a busy data calendar on the global economic agenda in the new week. The FOMC meeting minutes, Germany and Eurozone CPI data, along with Q3 growth and Fed inflation indicator PCE from the U.S., are among the key factors that could influence the pair's course. Additionally, limited but important data such as Germany's IFO Business Climate Index are also on investors' radars. The Thanksgiving holiday in the U.S. may cause a decrease in trading volumes in the markets. Developments such as the optimistic atmosphere in Asian markets and Trump nominating Scott Bessent for the Treasury Department could impact the trajectory of global markets.
From a technical perspective, the DAX40 index is demonstrating an upward momentum by moving above the 19275 level. The 18995 – 19090 area stands out as a critical zone that has been closely monitored and has supported the rise since October. The index maintaining a sustained movement above this level increases the potential for the move towards the 19800 peak to continue. However, the 19530 level may determine whether this rise will continue or if there will be a pullback towards the averages. The RSI indicator is at 71.5, showing a positive outlook. The index, with a 0.37% increase compared to yesterday’s closing level, continues on a strong momentum.
U.S. natural gas futures started the new week with an increase due to cold weather forecasts, rising exports, and geopolitical risks. Although expectations of increased production might push prices down, trends in the European and U.S. markets and the possibility of increased natural gas demand are driving prices upward. Additionally, the Russia-Ukraine tension and the focus on major central banks' interest rate policies are notable factors in the markets.
The technical outlook on the chart shows that natural gas prices have declined below the 3.44 level. In this case, the 3.40 and 3.37 levels can be monitored as support. For upward movements, the 3.58 and 3.63 levels are tracked as resistance points. The RSI indicator is rising with a positive trend, indicating that the upward potential may continue. Prices showed an 8.68% increase compared to the previous day, maintaining an upward momentum.
In global markets, the manufacturing and services PMI data from Europe and the US are attracting investors' attention. While the manufacturing sector in the Eurozone continues to signal contraction, the services sector is showing limited growth. On the US side, PMI data indicate a contraction in manufacturing and a growth trend in the services sector. Additionally, the increase in geopolitical risks and the dollar index approaching its highest levels in a year continue to exert pressure on the EURUSD pair.
On the daily chart, the EURUSD pair is moving closer to the 1.045 support level. In downward movements, the levels of 1.0405 and 1.036 can be monitored as support, while upward reactions should watch the resistance levels of 1.049, 1.0525, and 1.056. The RSI indicator is at 48, presenting a neutral appearance. The pair has declined by 0.08% compared to the previous day. A fall below the 1.045 level could increase the negative trend of the price movement.
The GBP/USD pair is following a volatile trend in light of global market developments. The Dollar Index reaching its October 2023 peak, PMI data from the US and Europe, and geopolitical risks are influencing the pair. While data on the UK's manufacturing and service sectors provide important clues about economic activity, on the US side, Fed policies and economic indicators are among the factors determining the pair's direction. Particularly, the strong stance of the Dollar Index puts pressure on GBP/USD, and the results of PMI data might increase this pressure.
From a technical standpoint, the GBP/USD pair continues its movement below the 34 and 55-period exponential moving averages in the 1.2660 - 1.2700 range. If the downward movements continue in the pair, which is currently at 1.2572, the support levels of 1.2560, 1.2520, and 1.2485 can be monitored consecutively. In case of an upward recovery, the resistance levels of 1.2600, 1.2660, and 1.2700 will be prominent. The RSI indicator is at the neutral level of 48. The change in the pair shows a 0.14% decrease compared to the previous day.
The Turkish Lira continues to show weak performance among emerging market currencies. Particularly diverging negatively alongside currencies like the Philippine Peso and Peruvian Sol, the TL stands out with a 0.11% loss against the USD. In addition to the mixed trend in Asian markets, the increase in geopolitical risks and the expectation that interest rates in the US may remain high for a long time are also boosting demand for the dollar. Under these conditions, the USD/TRY pair is trading at the 34.51 level, and the weak outlook of the TL is leading to upward pressure on the pair.
Technically, the USD/TRY pair may continue its upward movements by staying above the 34.31 support. It is likely to target the 34.57 and 34.66 resistance levels. In particular, maintaining stability above the 34.66 level could further strengthen the current trend. Otherwise, the pair may show a tendency to consolidate between the 34.31 and 34.66 levels. The RSI indicator is displaying a positive outlook at the 59 level. A 0.16% increase in the USD/TRY pair is observed compared to the previous day.
In a period when geopolitical risks are high, the tension between Ukraine and Russia is supporting gold prices in an upward direction. Especially, Russia’s firing of an intercontinental ballistic missile has increased the demand for safe-haven assets in the markets, contributing to the appreciation of gold. Global economic data and upcoming PMI figures from the US and Europe could also impact developments in the gold market.
Technically, gold is following an upward trend on the 4-hour chart. The levels of 2680, 2670, and 2660 are identified as significant support areas, with the price trading at 2686.93. The resistance levels of 2693 and 2700 are crucial for upward movements, while the RSI indicator is at 65, displaying a positive outlook. An increase of 0.66% compared to the previous day is observed. Based on this data, the upward trend may continue as long as the price does not fall below the 2660 level.
WTI oil prices continue to rise under the influence of geopolitical risks. The increasing tension between Ukraine and Russia has escalated, especially with Russia's intercontinental ballistic missile attack. This situation increases uncertainty in energy markets, exerting upward pressure on oil prices. Additionally, speculations that OPEC+ might delay the decision to ease production cuts in December also support oil prices. Developments in European and US stock markets may influence the direction of oil prices.
Technically, WTI oil prices are moving just above the 70.00 level on the daily chart. The 70.00 and 69.50 levels are monitored as support, while the 71.00 and 71.50 levels are followed as resistance in upward movements. The RSI indicator is at the 55 level, displaying a positive outlook. The price has increased by 0.24% compared to the previous day. This technical outlook indicates that if prices remain above the support levels, the potential for an upward trend may be maintained.
Oil futures continue their rise due to the increasing geopolitical tensions between Ukraine and Russia. Recently, Russia's intercontinental ballistic missile attack on Ukraine heightened risk perception in the markets, influencing oil prices upwards. Additionally, the expectation that OPEC+ may delay the easing of production restrictions at its meeting in early December also supports prices. In light of these developments, movements in the European and US stock markets could also impact oil prices.
Technically, the BRN/USD pair continues to hold above the 73.50 – 74.00 support levels. In upward movements, the resistance levels of 75.00 and 75.50 could be monitored. In case of potential declines, movements below 73.50 could bring the levels of 73.00 and 72.50 into focus. The RSI indicator is close to the 50 level, exhibiting a neutral outlook. The pair has risen by 0.08% on a daily basis, indicating that upward potential still exists.
The NASDAQ100 index is experiencing a calm trajectory as movements in the technology sector are limited following Nvidia's financial results, and the 10-year bond yield remains elevated. While interest in cyclical stocks is expected to increase, the index maintains its composure. Leading service and manufacturing PMI data can be monitored throughout the day. The mixed trend in Asian markets and rising geopolitical risks are affecting gold and the dollar. Meanwhile, PMI data in the US and Europe may provide significant insights into economic activity.
Technically, the NASDAQ100 index is trading above the 20680 – 20785 area, supported by the 21-period exponential moving average on the 4-hour time frame. As long as it remains above this area, the index has the possibility of testing resistance levels at 20900 and 21000. However, for a bearish expectation, the index might need to dip below the 20680 – 20785 support zone and close below it on a 4-hour basis. In this scenario, a pullback towards the 20500 and 20375 levels could come into play. The RSI indicator is at level 52, presenting a neutral market outlook. The index has increased by 0.013% compared to the previous day.
The DAX 40 index is following a negative trend with limited weekly changes under the influence of overall global market uncertainty and economic indicators. Despite the optimism observed in U.S. stock markets, the pressure seen in European markets is affecting the DAX's performance. Particularly, upcoming PMI data from Germany and the Eurozone are among the main figures the market is focusing on. The general negative outlook in Europe, excluding the UK, may exert pressure on the index.
Technically, the DAX 40 index is trying to find support at the levels of 19195, 19090, and 18995. Resistance levels are noted at 19350, 19435, and 19530. The RSI indicator is at the level of 56, showing a neutral market outlook. It is crucial for the index to sustain movements above the 19350 resistance level to continue its upward trend. However, a close below the 19195 level could create pressure towards lower levels. The index has recorded a 0.02% decline compared to the previous day.
U.S. natural gas futures showed limited correction movements as they attempted to sustain their gains amid cold weather forecasts and an unexpected drop in inventories. It is noted that the performance of European and U.S. stock markets could impact natural gas pricing. Increasing geopolitical risks in the U.S. and statements by Fed Chair Powell regarding interest rate policy are causing uncertainty in the markets. Particularly, the PMI data to be released in the U.S. and the UK could provide insights into the future of economic activity.
When examining the NGCUSD pair on the daily chart, prices are observed to be trading below the 3.5 - 3.535 support zone. As long as it remains below this level, downward pressure may be felt. In upward movements, the 3.63 and 3.68 levels can be monitored as resistance. The RSI indicator is at 42, indicating a negative outlook. There was a 0.09% decline compared to the previous day. If sustainability above the 3.5 level cannot be achieved, the 3.44 and 3.4 support levels may come into focus.
The EUR/USD pair is trading within a narrower range due to the Thanksgiving holiday in the US, while positive statements aiming to end the conflict between Israel and Lebanon are drawing attention. Ceasefire news will be monitored in today's meetings. It is expected to be a busy day for US data, with the Conference Board Consumer Confidence and FOMC meeting minutes standing out. The pressure on the dollar index, influenced by Trump's plans for additional tariffs on China, Mexico, and Canada, affected Asian markets and may indirectly impact the pair.
Technically, the EUR/USD pair is moving below the resistance levels of 1.051 and 1.056, while support levels of 1.0445, 1.039, and 1.036 are being monitored. The current price of the pair is around 1.04799, showing a decrease of 0.15% during the day. The RSI indicator is currently in a neutral stance, indicating the market's effort to determine direction. It can be considered that a new downward wave could be triggered if the pair falls below the 1.039 level. However, breaking through the 1.051 and 1.056 levels during recovery movements will be crucial for the continuation of the upward trend.
The GBP/USD pair started the week with limited trading volume due to the Thanksgiving holiday in the US. While markets are focusing on ceasefire talks between Israel and Lebanon, the busy data schedule in the US is also being closely monitored. In particular, the CB Consumer Confidence and FOMC Meeting Minutes data could affect the course of the dollar. The recent rise in the Dollar Index is increasing pressure on the GBP/USD and continues the weakening trend in the sterling.
Technically, the GBP/USD pair is tracking negatively below the 34 and 55-period exponential moving averages (1.2607 - 1.2650 range). The pair is declining towards the 1.2520 support level, and if it breaks below this level, the 1.2485 and 1.2445 levels may be monitored. On upward movements, the 1.2607 and 1.2650 resistance levels are important. The RSI indicator is at level 40, presenting a negative outlook in the market. The pair is weak, having depreciated by 0.12% compared to the previous day.
The Turkish Lira is demonstrating weak performance among emerging market currencies, struggling to stay downwards in the USD/TRY pair. Increasing uncertainties in global markets, especially Trump's tariffs on China, Mexico, and Canada, along with geopolitical tensions, are exerting pressure on the markets. While consumer confidence reports in the US draw a positive picture, expectations regarding the Fed's interest rate policy also keep the market's attention. In this context, it is notable that the Turkish Lira exhibits a weaker outlook compared to other emerging market currencies.
Technically, the USD/TRY pair is trading at the 34.605 level, with the 34.63 resistance level standing out. In upward movements of the pair, resistance levels of 34.68 and 34.74 can be monitored. In the event of a downward movement, support levels of 34.5, 34.39, and 34.3 can be followed. The RSI indicator is at the 58 level, presenting a positive outlook, indicating that upward movements may continue. There is a 0.20% increase recorded compared to yesterday's close in the pair.
News of ceasefire talks between Israel and Hezbollah are reducing safe haven demand for gold, creating downward pressure, while the additional tariffs planned by the Trump administration on Mexico, Canada, and China are strengthening the dollar. These developments are causing gold prices to decline. Additionally, the Conference Board's consumer confidence data and the FOMC meeting minutes, set to be released during the day, could impact markets and lead to fluctuations in gold prices.
Technically, as long as spot gold remains below the 2650 – 2660 area on the 4-hour chart, the downward pressure may persist. In downward movements, the 2620 and 2610 levels are being monitored as support. In the event of an upward movement, the resistance levels of 2630, 2640, and 2650 may gain importance. The RSI indicator is at 36, hovering near the oversold zone, which could indicate a potential short-term recovery. There is a 0.24% decline compared to the previous day.
WTI oil prices have declined with news of possible ceasefire negotiations between Israel and Hezbollah. The statement by the U.S. Ambassador to Israel suggesting that an agreement may soon be reached and the uncertainty on the Hezbollah side have caused some fluctuations in oil prices. However, after yesterday's decline, it has been observed that oil prices have somewhat recovered today. In addition to these developments, markets are closely monitoring the FOMC meeting minutes and changes in the U.S. consumer confidence index.
On the chart, it is seen that the downward trend continues as long as oil prices remain below the 69.50 - 70.00 resistance level. Prices may target the 68.50 and 68.00 support levels. In potential recoveries, the 69.50 - 70.00 resistance levels remain important, while hourly closures above 70.00 are necessary for the continuation of the upward movement. In this case, the levels of 70.50 and 71.00 may come into play. According to technical indicators, the RSI indicator is at the 55 level and shows a neutral trend. It is observed that prices have increased by 0.28% compared to the previous day.
Oil prices had retreated following reports about ceasefire talks between Israel and Hezbollah. Although the US Ambassador to Israel noted that the ceasefire could take place within a few days, the situation on the Hezbollah side is more uncertain. After these developments, a slight recovery was observed in oil prices. However, US President Trump's plan to impose additional tariffs on China, Mexico, and Canada caused a decline in Asian markets and created an uncertain atmosphere in global markets.
Technically, the BRNUSD pair is trading at the 72.575 level. The price staying below the 73.00-73.50 resistance level supports a downward outlook. In case of possible declines, the 72.00 and 71.50 support levels may be monitored. In upward movements, the 73.00 and 73.50 levels should be watched as resistance. The RSI indicator is at the 40 level, displaying a negative outlook, indicating a weak market. Compared to the previous day, there is a 0.11% decrease in prices, suggesting limited price movement.
The NASDAQ100 index exhibits a limited pricing trend following President Trump's announcement of plans to impose additional tariffs on imports from China, Mexico, and Canada. These developments have led to declines in Asian markets, while American index futures maintain a calm course. Throughout the day, the Conference Board consumer confidence and FOMC meeting minutes should be closely monitored, as they could have potential impacts on the index.
From a technical analysis perspective, the NASDAQ100 index is trading at around 20813 on the 4-hour chart, with prices above the 21-period exponential moving average at the 20802 level. The range of 20785 – 20900 is monitored as a critical decision area. If the index sustains above the 20900 level, the upward movement may proceed towards the resistance levels of 21000 and 21100. On downward movements, 4-hour closings below the 20785 level indicate that the decline could continue towards support levels of 20680 and 20500. The RSI indicator is at 51 and presents a neutral outlook. A slight decline of 0.02% compared to the previous day is also observed.
Due to the Thanksgiving holiday in the USA, markets operated with limited trading hours. Statements regarding the cessation of conflicts between Israel and Lebanon drew attention, while the USA's busy data schedule is also being monitored. Notably, significant data such as the Conference Board (CB) Consumer Confidence and FOMC Meeting Minutes could create new pricing in the markets. Furthermore, Trump's planned additional tariffs have caused declines in Asian markets.
The DAX 40 index made a positive start to the week and is trying to stay above the 18995 – 19090 bottom region. On the chart, the 19275 and 19530 levels should be observed as significant resistance points. The RSI indicator is at the 53 level, presenting a neutral outlook. Despite a 0.55% decrease compared to the previous day, as long as it remains above the 19275 level, upward movements are possible. However, if it stays below this level, a pullback towards the support levels of 19195 and 19090 may be observed.
U.S. natural gas futures started the week with a rise due to cold weather forecasts, but profit-taking sales have come to the forefront subsequently. Declines in Asian markets and Trump's additional customs tariff plans increase uncertainty in the markets. A higher than expected U.S. consumer confidence index could boost demand for the dollar. The FOMC meeting minutes will be critical for the markets and could impact the exchange rate.
From a technical perspective, the NGCUSD pair is trading near the support zones at the 3.370 and 3.330 levels on the daily chart. Resistance levels to watch for upward movements are identified as 3.500, 3.535, and 3.580. The RSI indicator is currently at 52, showing a neutral outlook. A 0.52% increase has been recorded in the last 24 hours, and it can be said that as long as the pricing remains below the 3.500 resistance, the downward pressure may continue. However, closures above 3.500 could trigger recovery movements.
In the US, ahead of the Thanksgiving holiday, attention will be on the PCE, the Fed's preferred inflation indicator, and the third-quarter growth data. These data can particularly influence the direction of the US dollar. The EUR/USD pair may fluctuate in the short term based on this data. Additionally, other economic data from the US and global political developments can also affect the pair. Movements in the dollar index can be crucial in determining the general trend of the EUR/USD pair.
The EUR/USD pair is trading below the 34 and 55-period moving averages, located in the 1.0500 – 1.0555 range. This indicates that the pair may show a weak reaction and a strong trend tendency. On the daily timeframe, the 1.0445 level is observed as the first significant support point, and if this level is breached, pullbacks towards the 1.0390 and 1.0360 levels might occur. If the pair fails to find support at these levels, it may open discussions around the 1 Euro = 1 Dollar level. The RSI indicator is currently around 40 and presents a negative outlook, indicating that the selling pressure might continue. Compared to the previous day, a 0.09% decrease in the pair is observed.
The GBP/USD pair is moving in a period where the market is focused on intense data flow ahead of the Thanksgiving holiday in the United States. Key data such as PCE inflation and third-quarter growth figures, as well as durable goods orders and initial jobless claims, are being monitored on the U.S. economic calendar. The impact of these data on the Fed's monetary policy could particularly shape interest rate decision expectations. Additionally, it appears that uncertainties originating from Asia and geopolitical developments in global markets might have indirect effects on the pair.
Technically speaking, the GBP/USD pair is exhibiting a negative trend below the area of 1.2595 – 1.2635, which corresponds to the 34 and 55-period exponential moving averages. This situation raises the possibility of the pair retreating toward the support levels of 1.2520, notably, followed by 1.2485 and 1.2445. Especially, sustained movements below the 1.2520 level seem to create pressure toward the 1.2445 level. The RSI indicator is currently at neutral levels, indicating that the pair is moving directionlessly. The current pricing shows a slight decrease by 0.02% compared to the previous day.
The USD/TRY pair is trying to find direction amid general weakness trends in emerging markets. While the Malaysian Ringgit gains strength, the Turkish Lira ranks among the weakest currencies along with the Mexican Peso. As global markets closely monitor the PCE inflation and growth data from the US, the mixed outlook in overseas markets is putting pressure on the Turkish Lira. Particularly, the economic data from the US and global developments may continue to impact USD/TRY.
From a technical perspective, the USD/TRY pair is trading near the 34.65 level. It may find support at the 34.63, 34.5, and 34.39 levels, while upward movements are watched at the resistance levels of 34.73, 34.8, and 34.9. Consolidation may continue in the 34.50-34.80 range, but staying above 34.80 could strengthen upward movements. The RSI indicator is at the 54 level, showing a neutral market outlook. Intra-day movements of the pair appear to be limited by a 0.03% drop.
According to the FOMC meeting minutes, members are confident in the reduction of inflation and the resilience of the labor market. The members' cautious stance against rate cuts supports the expectation of a 25 basis point rate cut for December, while gold continues its recovery trend. Throughout the day, growth rate, unemployment claims, and core PCE price index changes can be monitored. While Asian markets exhibit a mixed trend, data flow from the U.S. could impact gold pricing.
Technically, gold is still priced below the 2640 - 2650 range, indicating that the downward pressure may continue. The current support levels are monitored at 2630 and 2620. To see an upward movement, 4-hour closings above the 2640 - 2650 range might be required, targeting the 2660 resistance in such a case. The RSI indicator is at the 45 level, presenting a negative outlook. There is a 0.40% decrease compared to the previous day.
Oil prices are trending downwards due to the ceasefire facilitated by the US between Israel and Hezbollah and the possibility of OPEC+ delaying its production increase plan at the meeting on December 1st. The American Petroleum Institute's announcement of a nearly 6 million barrel decline in inventories had a limiting effect on the declines during the Asian session. The trends in European and US stock markets may be significant for oil pricing.
WTIUSD is being monitored in an hourly time frame. The price is trading around 68.755, marking a 0.17% decline compared to the previous day. In downward movements, the levels of 68.5, 68, and 67.5 can be monitored as support, while upward movements may face resistance at 69.5, 70, and 70.5 levels. The RSI indicator is at 45, exhibiting a neutral market outlook. Closures above 69.5 may be necessary for an upward trend.
Oil prices are tending to decline amid reports of a 60-day ceasefire brokered between Israel and Hezbollah and the possibility of OPEC+ postponing its production increase plan. The American Petroleum Institute's announcement of a significant reduction in inventories limited declines during the Asian session. In the markets, data related to PCE inflation, growth, and durable goods orders from the US is closely watched. This suggests that oil prices may vary throughout the day based on the trends of European and US exchanges.
In technical analysis, BRNUSD is trading below the resistance zone of 72.50-73.00. If it stays below these levels, there is potential for the price to retreat towards the support levels of 72.00 and 71.50. Oil, trading at the level of 72.435, has depreciated by 0.08% compared to the previous day. The RSI indicator is at level 48 and presents a neutral outlook. In potential recoveries, closing prices above 73.00 could bring the resistance levels of 73.50 and 74.00 into focus.
The FOMC meeting minutes reveal that members have confidence in the reduction of inflation and the strength of the labor market, while exhibiting a cautious approach toward interest rate cuts. This situation supports the expectation of a 25 basis point rate cut in December and contributes to the limited upward movements of the NASDAQ100. The Conference Board consumer confidence data during the day and the FOMC meeting minutes can be monitored as important data that may create potential volatility in the markets.
From a technical standpoint, the NASDAQ100 index is trading above the 20785 – 20900 zone supported by the 21-period exponential moving average at the 20802 level on the 4-hour chart. Sustenance above this zone is important for the continuation of the upward trend. In upward movements, the 21000 and 21100 levels may present resistance. The RSI indicator is at the 50 level, indicating a neutral outlook. The index has declined by 0.11% compared to the previous day. In case of breaks below the 20785 – 20900 zone, the 20680 and 20500 levels can stand out as support.
In the US, the Fed's PCE inflation indicator and third-quarter growth data, which are the focus before the Thanksgiving holiday, may cause pricing movements in the markets. Additionally, data such as Durable Goods Orders and Unemployment Claims are also being closely watched. Ceasefire talks between Israel and Lebanon and other US-sourced news flows may increase volatility in the markets. While Asian markets are mixed, the effects of US data may also be felt in European stock exchanges.
The DAX40 index is trading at 19341, maintaining its support at the 19275 level. On the daily chart, resistance levels at 19435 and 19530 are in the foreground. The range between 18995-19090 is being monitored as an important bottom region. The index continues its effort to stay above the 55 and 89-period averages. The RSI indicator is close to the 50 level and exhibits a neutral appearance. It shows a 0.06% decline compared to the previous day, indicating that the market is still in uncertainty and horizontal movement may continue.
U.S. natural gas futures, which initially rose due to cold weather forecasts, have returned to an unstable course following profit-taking. The performance of the European and U.S. stock markets and the inventory figures to be announced by the U.S. Energy Information Administration may play a significant role. While Asian markets are following a mixed course, key data such as PCE inflation and growth to be announced in the U.S. could be decisive regarding the direction of the markets. Ceasefire news between Israel and Hezbollah has also created a general stagnation in the markets.
Technically, the NGCUSD pair continues its fluctuation in the 3.400 – 3.465 range on the hourly chart. In downward movements, the levels of 3.4, 3.37, and 3.33 can be monitored as support, while in a possible upward recovery, resistance levels of 3.465, 3.5, and 3.535 should be followed carefully. The RSI indicator is displaying a negative outlook at the level of 34. The pair experienced a decline of 1.98% compared to the previous day and remains far from giving a clear signal regarding the trend's direction.
The EUR/USD pair is moving with low trading volume due to the Thanksgiving holiday in the United States. U.S. economic data, particularly growth and PCE inflation figures, were the focus of the markets. U.S. growth came in at 2.8% as the second reading, aligned with expectations. Inflation data also came in parallel to market expectations, while uncertainty about whether the Fed will opt for a rate cut in its December meeting remains. This situation is putting pressure on the dollar's value and providing partial support to the EUR/USD pair.
Technically, the EUR/USD pair is supported by reaction purchases above the 34 and 55-period moving averages in the 1.0518 – 1.0539 range. If the pair holds above these levels, it can be said that the upward movements may continue to the resistance levels of 1.0600, 1.0640, and 1.0675. The RSI indicator is at 47, presenting a neutral outlook. The pair shows a 0.19% decrease compared to the previous day. If it falls below the 1.0518 support, the 1.0445 and 1.0390 support levels could be monitored. The main outlook remains negative as long as the pair stays below the 233-period moving average level of 1.0735.
With the conclusion of data releases and the onset of the Thanksgiving holiday in the US, a calm atmosphere prevails in the markets. The US PCE inflation data and 3rd quarter growth figures came in line with expectations. There is a notable slight annual increase on the PCE front, yet the uncertainty persists regarding whether the Fed will cut rates in December. Consequently, a partial rise is observed in the GBPUSD pair due to the weakness of the dollar. While tranquility is expected in the markets due to the holiday in the US, the Fed's next steps and dollar movements will be important for the pair.
Technically, the GBPUSD pair continues its movement with reaction purchases above the 1.2614 - 1.2640 region, which are the 34 and 55-period moving averages. The resistance levels of 1.2715, 1.2770, and 1.2820 are crucial in upward movements. Although the pair fell by 0.15% yesterday, the RSI indicator is at a neutral level. If the pair manages to hold above the averages, an increase up to the resistance levels may be observed. However, due to the main trend remaining below the 233-period average, the overall outlook continues to be negative. In downward movements, the 1.2614 support level is critically important.
When looking at the performance of emerging market currencies against the US Dollar, the USD/TRY pair stands out due to the weak trend of the Turkish Lira. Despite the mixed trends in global markets, the pair is shaped by the new sanctions imposed by the US on China and expectations regarding the Fed's interest rate policies. The recent decline in the dollar index might have put some pressure on USD/TRY. However, unless there is significant domestic news flow, no major change is expected in the overall direction of the pair.
In technical analysis, USD/TRY is trading at the 34.64 level. Levels of 34.56, 34.47, and 34.39 are monitored as support, while 34.66 is the initial resistance level. If this level is breached, movement towards the resistance levels of 34.74 and 34.81 might be observed. The RSI indicator is at the 60 level and presents a positive outlook. Considering that the pair registered a 0.02% decline compared to yesterday's close, it seems likely that it will maintain its current optimism and test the resistance levels.
Although it was observed that the PCE and core PCE price indexes in the US rose in line with expectations, according to CME data, the possibility of a 25 basis point interest rate cut at the December meeting has gained strength. On the other hand, the signing of a ceasefire agreement between Israel and Hezbollah weakened the perception of geopolitical risk, putting pressure on gold. The dollar index remains at low levels, which could contribute to the continued pressure on gold.
From a technical perspective, it is observed that gold is trading below the 2640 - 2650 resistance zone in the short term. As long as it remains below these levels, the downward pressure is likely to continue. In the event of potential declines, the 2620 and 2610 levels can be monitored as support. For upward movements to gain strength, it may be necessary to have 4-hour closings above the 2640 - 2650 region. In this case, a movement range towards the 2660 and 2670 resistance levels could form. The RSI indicator, on the other hand, shows a negative trend.
WTI oil prices continue to remain under pressure following the ceasefire agreement between Israel and Lebanon. However, the tough statements by Israeli Prime Minister Netanyahu and the possibility of postponing the production increase decision at the OPEC+ meeting make it difficult for prices to reach new lows. The trends in European and U.S. stock markets may also impact oil pricing during the day. Additionally, mixed trends in Asian markets and potential new U.S. sanctions on China could have indirect effects on oil.
From a technical analysis perspective, the 69.00 – 69.50 levels are monitored as a significant resistance zone for WTI oil. Staying below these resistance zones may support downward movements, targeting 68.00 and 67.50 levels. In the event of a possible recovery, hourly closings above the 69.00 – 69.50 resistance levels could bring the 70.00 and 70.50 levels into consideration. The current RSI indicator is at 55 and exhibits a neutral outlook, indicating that prices are in a struggle to find direction. On a daily basis, prices are trading with a 0.23% decline.
Oil futures continue to remain under pressure following the cease-fire agreement between Israel and Lebanon. However, stern statements from Israeli Prime Minister Netanyahu despite the cease-fire seem to prevent prices from making new lows. Expectations that the production increase decision might be postponed ahead of the OPEC+ meeting also exert pressure on oil prices. The trajectory of European and US stock markets during the day will be crucial. Factors like potential US sanctions against China and PCE inflation could also influence global market dynamics.
From a technical standpoint, as long as Brent oil prices remain below the 72.50-73.00 resistance zone, downward pressure may persist. In this case, the levels of 71.50 and 71.00 could be monitored as support. In case of potential recoveries, the 72.50-73.00 resistance zone still holds importance, and unless hourly closures above this level are observed, new downward potential may remain on the agenda. The RSI indicator shows a neutral outlook. A change of 0.10% is observed at the current price level.
The NASDAQ100 index continues to search for direction as the PCE and core PCE price indices rise in line with expectations on an annual basis. The index limits its gains with the decline in the 10-year treasury bond yield, while 1% declines in major technology companies such as Nvidia, Meta, and Microsoft increase pressure on the index. Mixed trends in Asian markets and the U.S.'s consideration of new sanctions on China are also among the significant factors affecting NASDAQ100's movements.
Technically, the NASDAQ100 index is fluctuating in the 20785 – 20900 range, which serves as a crucial decision phase. For the index to show an upward trend, it needs to maintain permanence above the 20900 level. In this case, movements towards the 21000 and 21100 resistance levels may be observed. On the other hand, if the index makes a 4-hour close below the 20785 level, testing the support levels of 20680 and 20500 may come into question. The RSI indicator is at the 50 level, presenting a neutral outlook, indicating that the index's search for direction continues.
The DAXEUR pair draws attention with the mixed course in global markets and positive movements in the US markets. While the indices in Germany and the UK in Europe manage to stay on the positive side, Italy and Hong Kong remain under more pressure. In Asian markets, a mixed trend is observed due to news regarding US-China tensions. Inflation data in Germany are rising in line with ECB's expectations, which increases uncertainties about the overall state of the regional economy. Meanwhile, expectations of a rate cut by the Fed are weakening the dollar, and DAXEUR is affected by these developments.
From a technical perspective, the DAXEUR index is making an effort to stay above the 19275 support level. If the movement on the chart continues above the 55 and 89-period averages, a gradual rise towards the 19800 peak could occur with the breaking of the 19530 resistance level. The RSI indicator shows a neutral appearance at the 50 level, while the index's 0.36% increase compared to the previous day indicates a positive trend. However, if the averages are breached on the downside, there is the potential for a pullback toward the 19090 support area.
US natural gas futures continue their downward movement despite a limited decline in inventories, amid expectations of mild weather conditions. The direction of the European and US stock markets is among the elements closely monitored by the markets. The weakening of the dollar index and the expectations of a Federal Reserve rate cut are also significant factors influencing market dynamics. During this period, natural gas prices are moving influenced by the general atmosphere.
When the chart is examined on an hourly timeframe, it is observed that the NGCUSD pair is trading below the 3.215 and 3.260 resistance levels. In the continuation of the downward movement, the 3.15 and 3.125 levels can be monitored as support. The RSI indicator is at the 48 level, exhibiting a neutral tendency. Although the pair recorded a 0.85% rise compared to the previous day, the overall outlook remains in negative territory. If prices exceed the 3.295 resistance due to adverse weather conditions, the 3.330 and 3.370 levels may come into play.
The EUR/USD pair is experiencing fluctuations due to anticipated announcements regarding central banks' monetary policies and developments ahead of U.S. employment data. Particularly, data such as Germany's Manufacturing PMI and U.S. ISM Manufacturing PMI could be decisive for the exchange rate. The rise of the dollar index puts pressure on the pair and negatively affects the value of the Euro. The economic data to be released this week and messages from central bank officials could be critical for the direction of the pair.
From a technical perspective, the EUR/USD pair is trading below the 1.0545 resistance level on the daily chart, and as long as it remains below this level, the negative outlook may continue. If the pair falls below the 1.0495 support, it may increase the likelihood of a pullback towards the 1.0445 and 1.039 levels. In upward movements, the resistance levels to watch are 1.06 and 1.064. The RSI indicator is at the 40 level, showing a negative trend. The pair has experienced a 0.54% decline compared to the previous day.
The GBP/USD pair may find direction this week based on the significant economic data to be released and messages from central banks. In particular, policy decisions from the Fed and ECB, employment data from the U.S., and PMI data could be decisive for the pair. The dollar index started the day with an upward move following Trump's warning about the creation of a new currency within BRICS. Signals from the Bank of Japan's governor about interest rate hikes are putting pressure on the Yen. Positive PMI data from China are supporting Asian markets, which could also have a reflection on all forex markets.
From a technical perspective, the GBP/USD pair is trying to maintain its stability above the 1.2655 level. As long as it holds above this level observed on the 1-hour chart, upward movements could continue towards resistance levels of 1.2715, 1.2770, and 1.2820. However, the overall outlook remains negative as long as the 1.2820 resistance is not surpassed. The RSI indicator is at 45, presenting a neutral view. A 0.39% decline is observed compared to the previous day. If the pair dips below 1.2655, support levels of 1.2610 and 1.2565 may be monitored.
The US Dollar started the week strongly, influenced by Trump's statements regarding BRICS countries and the positive sentiment in Asian markets. The Turkish Lira's weak performance compared to the currencies of other developing countries is noteworthy. The USD/TRY pair traded close to the 34.71 level during the day. The global appreciation of the dollar and the weak course of the Turkish Lira are increasing the upward pressure on the pair. In particular, manufacturing data from the US and Europe may influence the pair's trend.
From a technical perspective, the USD/TRY pair may find support at the 34.66, 34.56, and 34.51 levels. In upward movements, the 34.78, 34.86, and 34.94 levels are monitored as resistance. The RSI indicator is at the 60 level, indicating a positive trend in the market. The pair rose approximately 0.04% compared to the previous day. It is possible for the exchange rate to show a tendency to consolidate between 34.46 and 34.86; however, persistence above 34.86 could lead to strengthened pricing.
The Dollar Index rose following President Trump's threat of a 100% tariff on BRICS countries, putting pressure on gold prices. In light of these developments, the markets are closely monitoring the US ISM manufacturing PMI and speeches by FOMC member Waller. The strengthening dollar could create pressure on gold prices, potentially leading to short-term losses.
From a technical standpoint, gold may find support at the 2620 and 2610 levels, while resistance levels are tracked at 2630, 2640, and 2650 during upward movements. When examining the 4-hour chart, the RSI indicator is at the 40 level, displaying a negative outlook. This situation increases the likelihood of gold moving downward. Furthermore, the fact that prices have decreased by 1.05% compared to the previous day indicates that the downward trend may continue.
WTI oil prices continue under pressure on the first trading day of the week ahead of the OPEC+ meeting. China's faster-than-expected expansion in manufacturing activity helped limit losses in oil during the Asian session. However, uncertainties regarding OPEC+'s production policies and upcoming manufacturing data from the US and Europe lead to a cautious stance in oil markets. Additionally, the strengthening of the dollar following Trump's threats against the new currency initiatives of BRICS members could have negative effects on oil prices.
Technically, the WTI price is trading near the support level of 68.00. The levels of 68.00 and 67.50 can be monitored as support in downward movements. In upward movements, levels of 69.00 and 69.50 stand out as resistance. The RSI indicator is close to the 40 level, displaying a negative outlook. A 0.41% decline in prices compared to the previous day has been observed. This outlook indicates that downward pressure may continue if prices remain below the resistance of 69.50.
The oil market continues to remain under pressure at the beginning of the week as it focuses on the OPEC+ meeting. The faster-than-expected expansion in China's manufacturing activity had some effect in limiting oil losses. However, economic data from Asia and the anticipated ISM Manufacturing PMI results in the US might influence the direction of oil prices. Trump's statements regarding BRICS and the interest rate policies of the Bank of Japan are also being closely monitored in the markets. The strengthening dollar index might negatively affect oil prices.
From a technical perspective, prices in the BRNUSD chart are moving below the 72.50 – 73.00 resistance region. This situation may cause the downward pressure to continue. While 71.50 and 71.00 levels can be monitored as support during declines, the 72.50 – 73.00 resistance remains significant in possible recoveries. The RSI indicator is at the 42 level, presenting a negative outlook. There has been a 0.28% decline compared to the previous day. If prices make hourly closings above the 73.00 level, the 73.50 and 74.00 levels may come into play.
The NASDAQ 100 index continues to remain under pressure due to the rise in the U.S. 10-year treasury bond yields. The limited movements seen in the S&P 500 index also support this situation. One of the key developments of the week, the ISM manufacturing PMI data, and talks by FOMC member Waller could create a new wave of pricing in the markets. The positive start of the Asian markets to the week and stronger-than-expected manufacturing activities in China could increase global risk appetite.
From a technical analysis perspective, the NASDAQ 100 is trying to gain strength above the 20900 – 20785 support zone. Staying above these levels increases the potential to test the 21000 and 21100 resistance levels. The RSI indicator is at level 52, showing a neutral outlook. With a 0.03% decrease compared to the previous day, it is critically important for the index to maintain lasting movements above the 21000 level for the upward movements to continue. Otherwise, with the activation of the negative scenario, the levels of 20680 and 20500 may come into focus.
The DAXEUR pair experienced a volatile period in November due to the U.S. Presidential elections and the policy influences of the new president. In December, the steps to be taken by central banks and their future projections, along with economic data and PMI indicators from the U.S. and the Eurozone, will be critically important. In particular, PMI data from Germany and the U.S. will be closely watched by the markets. Decisions by central banks and U.S. employment data could be decisive on the overall direction of the index.
From a technical standpoint, the DAXEUR pair presents a positive outlook above the 55 and 89-period averages at the 19390 level. Sustaining above this level could support a rise towards the 19800 and 19900 resistance levels. The RSI indicator is at 47, showing a neutral stance. The pair dropped by 0.24% compared to the previous day. The levels of 19630 and 19530 can be monitored as support. Sustaining above the 19800 level could potentially trigger a move towards the 20100 level. However, a sudden news flow in the market could affect this technical structure.
The NGC/USD natural gas pair came under pressure last week due to mild weather conditions and increased production expectations and started the new week with a loss of about 5%. The performance of the US and European stock markets is among the key factors that could influence natural gas pricing. The strengthening of the US dollar and developments in global markets could also impact natural gas prices. As the Caixin manufacturing PMI data exceeded expectations and signaled an expansion in the Chinese economy, this supports the dollar, which could indirectly affect energy prices.
From a technical standpoint, movements in the NGC/USD chart are tracked in the hourly timeframe. The pair could encounter resistance at the 3.215 - 3.26 - 3.295 levels, while the 3.15 - 3.125 - 3.1 levels can be followed as support. The RSI indicator, exhibiting a negative outlook close to the oversold region, indicates that the selling pressure might continue. For the pair, which recorded a 5.53% decline compared to the previous day, sustained movements above the 3.295 resistance might be necessary to show signs of recovery in the short term.
The EUR/USD pair remains under pressure due to the strong performance of the Dollar and the expectations of future interest rate cuts by the European Central Bank (ECB). Economic data from the U.S. and political developments support the upward movement of the Dollar index, while the increase in inflation in Europe further raises the likelihood of the ECB going for a rate cut. Expectations that the Bank of England (BoE) may adopt a less aggressive interest rate policy are causing the Sterling to depreciate less compared to the Euro.
From a technical perspective, the EUR/USD pair is attempting to hold above the level of 1.0530, which corresponds to the 34 and 55 period moving averages. If the pair manages to stay above this level, it may recover towards resistance levels of 1.0600, 1.0640, and 1.0675. Meanwhile, the RSI indicator is exhibiting a neutral stance at the 49 level and has recorded a decrease of 0.16% compared to the previous day. In downward movements, support levels of 1.0530, 1.0495, and 1.0445 are crucial. It should be noted that the main trend remains negative below the 233 period moving average level of 1.0705.
The GBP/USD pair continues to remain under pressure from the strong dollar as it experiences the effects of the US presidential elections. With the rise in the Dollar Index, a 1.45% decline is observed in the GBP/USD pair in November. Differences between the European Central Bank's (ECB) interest rate policies and the Bank of England's (BoE) interest rate strategies lead to the Sterling losing less value compared to the Euro. The expectation that the ECB will implement more interest rate cuts contributes to the Sterling remaining relatively more resilient against the dollar.
From a technical perspective, the GBP/USD pair is trying to hold above the 1.2648 support level. In its upward movements, the resistance levels of 1.2715, 1.277, and 1.282 become significant. The RSI indicator is at neutral levels, and the pair's technical outlook is balanced. Below the 1.2648 support level, the levels of 1.261 and 1.2565 can be monitored sequentially. On the daily chart, the pair is observed to have risen by 0.18% compared to the previous day. This could be an important signal for the continuation of the upward movement.
The Turkish Lira is displaying a weak outlook on a morning when currencies of developing countries generally exhibit strong performance. The TL's depreciation against the dollar is causing the USD/TRY pair to be traded at the 34.69 level. Factors such as China's optimism in global markets and inflation expectations in the Eurozone are affecting the overall market sentiment. Specifically, in Turkey, the third-quarter growth data is being closely monitored, which might influence the economic outlook.
Technically, the USD/TRY pair continues to stay above the 34.47 support level in the short term. This situation might support the pair's upward movement and create a space for it to move toward the resistance levels of 34.74, 34.82, and 34.90. The RSI indicator on the chart is at the 55 level, showing a positive trend. The pair has experienced a change of 0.24% compared to the previous day. If the price can maintain a position above the 34.82 level, the upward trend may strengthen further. Otherwise, it is likely that the pair may show a tendency to consolidate between 34.47 and 34.82 for a while.
Putin's harsh statements regarding Ukraine have increased geopolitical risk perception, causing the value of gold to rise. Additionally, the decline in the Dollar Index is also supporting the rise of gold. Geopolitical tensions increase investors' search for safe havens, laying the groundwork for the rise of gold.
From a technical analysis perspective, in the 4-hour chart, gold is trading above the 2640 – 2650 support zone. As long as it stays above these levels, the positive trend is expected to continue. In upward movements, the 2663 and 2670 resistance levels may play a significant role. The RSI indicator is at level 65, exhibiting a positive trend. A decrease of 0.94% is observed compared to the previous day's close, but the overall positive outlook is maintained.
WTI crude oil prices are trading in a narrow range due to reduced trading volumes because of the Thanksgiving holiday in the US and limited new developments. The market remains in cautious anticipation following the Israel-Hezbollah ceasefire, and the postponement of the OPEC+ meeting increases uncertainty. The trends in European and US stock markets should be closely monitored, especially in terms of oil trading. Additionally, positive developments regarding consumption growth in China create partial optimism in Asian markets, while inflation expectations in the Eurozone continue to be watched.
From a technical standpoint, when the WTIUSD chart is examined on an hourly timeframe, prices are trading at around 68.945 levels. The 68.50 and 68.00 levels are monitored as nearby support levels. For upward movements, the 69.50, 70.00, and 70.50 resistance levels should be observed. The RSI indicator is at the 50 level and presents a neutral outlook. There is a 0.13% increase in prices compared to the previous day. If the price remains below the 69.00-69.50 resistance, downward pressure may increase; however, hourly closures above this resistance level could support upward movements.
The BRN/USD pair is moving within a narrow range with low trading volume and weak new information flow due to the Thanksgiving holiday in the United States. Following the ceasefire between Israel and Hezbollah, the postponement of the OPEC+ meeting to December 5 is being monitored by the markets. It is noted that the trajectory of European and US stock markets may also influence oil prices. Additionally, developments in Asian markets and Eurozone inflation data are contributing to the overall market atmosphere.
From a technical perspective, BRN/USD maintains its movement below the resistance level of 72.50 - 73.00. As long as it stays below this region, downward pressure may continue, with 72.00 and 71.50 levels being monitored as support in the event of declines. In potential upward movements, hourly closings above the 73.00 level should be watched, and in this case, the 73.50 and 74.00 levels may come into focus. On the chart, the RSI indicator is at level 55, showing a neutral outlook. The pair has shown a 0.17% increase compared to the previous day.
NDXUSD is showing a limited recovery thanks to declining 10-year bond yields during a period when US markets are closed due to the Thanksgiving holiday. The holiday in the US creates low trading volume in the markets, while the declining bond yields provided support to the tech-heavy NASDAQ100 index. While the policy makers' steps in China to boost consumption are welcomed positively in Asian markets, inflation expectations in Europe and the ECB's subsequent interest rate policies may influence market movements.
Technically, NDXUSD is trading above the 20785 – 20900 support region on the 4-hour chart. As long as it maintains above these levels, the upward momentum can be sustained and the resistance levels of 21000 and 21100 can be targeted. The RSI indicator is at 57 and exhibits a positive outlook. On the other hand, if a 4-hour close occurs below this support area, the index could face a downward trend, bringing the support levels of 20680 and 20500 into focus. The index shows a 0.12% increase compared to the previous day.
The DAX 40 index is exhibiting a mixed trend in Europe and Asia despite positive reactions from the U.S. stock markets ahead of the U.S. presidential elections and Thanksgiving holiday. While the Russell index in the U.S. shows the best performance with over a 10% optimism, indices in Germany and the UK are showing a more moderate increase of 2%. Rising inflation trends in the Eurozone could put pressure on the ECB's interest rate policies. Attempts to boost consumer power in China are having a positive impact on the Shanghai index, while the Nikkei index in Japan paints a complex picture depending on the inflation trend.
From a technical perspective, the DAX 40 index may find support at levels 19390, 19275, and 19195, with resistance points at 19530, 19630, and 19720. As long as the index continues to stay above the averages, it may move towards the 19800 peak. Currently, the RSI indicator is at level 48, showing a neutral outlook. A fluctuating trend is observed in the index with a 0.11% decrease compared to the previous day. It is important for the index to maintain the 19275 support; otherwise, downward pressures may increase.
U.S. natural gas futures are settling into a calm pattern following a low-volume rise during the Thanksgiving holiday. The direction of European and U.S. markets could influence natural gas pricing. In the Asian market, consumption growth in China and inflation developments in Japan are being monitored, while inflation data in the Eurozone draws attention. These developments may provide clues about price movements in global energy markets.
The NGCUSD pair is fluctuating between the 3.260 – 3.330 range on the 4-hour chart. As long as it remains below the 3.260 support, the downward trend may continue, targeting the 3.215 and 3.185 levels. In upward movements, if the 3.330 resistance is exceeded, the 3.370 and 3.400 levels may come into focus. The RSI indicator is at 42, suggesting the market is in a neutral to slightly negative trend. The pair, which showed a 0.32% increase compared to the previous day, appears open to short-term fluctuations.
The EUR/USD pair continues its volatile course during a period when markets are anticipating the US ISM Services PMI and ADP Private Sector Employment data. Statements from the heads of major central banks such as the Fed, ECB, and BoE may also have an impact on the pair. The strong trend of the dollar index is causing the EUR/USD pair to exhibit a weak trend. Economic data to be released this week and statements from central bank officials could be decisive for the short-term direction of the pair.
Technically, the EUR/USD pair is trading below the 1.053 resistance level. In downward movements, levels of 1.0485, 1.0445, and 1.039 are watched as support. The RSI indicator is at level 38 and shows a negative trend. The pair showed a 0.07% decline compared to the previous day. This situation may indicate that the pair could continue its weak trend in the short term. However, possible movements above 1.053 could bring along a recovery potential towards levels 1.0565 and 1.0600.
The focus of global markets will be the ADP Private Sector Employment data and ISM Services PMI data to be announced in the US. These data are important for their impact on the Fed's interest rate policy. Especially if the US ISM Services PMI data surpass expectations, it could create a strengthening potential for the dollar. On the other hand, political developments in South Korea stand out as a factor of uncertainty in Asian markets. The positive trend in US index futures could indirectly affect the GBP/USD pair.
Looking at the technical outlook of the GBP/USD pair, we see that the price is fluctuating around the moving averages at the 1.2665 level. The main trend of the pair continues to remain negative below the 233-period moving averages at the 1.2820 level. Persistence below the 1.2610 level could create a movement area towards the 1.2485 level for the downtrend. The RSI indicator is currently in a neutral trend, waiting for the market to find direction. A slight decrease of 0.14% compared to the previous day is observed. Support levels can be tracked as 1.261, 1.2565, and 1.2525, while resistance levels can be monitored at 1.2715, 1.277, and 1.282.
The USD/TRY pair is trading in an environment where the currencies of developing countries exhibit varied performances against the US Dollar. The Turkish Lira shows a weak trend with a 0.04% decrease, while the USD/TRY pair is trading near the 34.75 level. Global developments in Asia and upcoming economic data from the US are among the fundamental factors that can influence the pair. In particular, private sector employment and services PMI data to be announced in the US could be significant for the direction of the dollar.
From a technical perspective, the USD/TRY pair may find support at the 34.66 and 34.56 levels, while upward movements may see resistance at the 34.78 and 34.86 levels. The pair is currently trading at the 34.7386 level, indicating a 0.08% decrease compared to the previous day. The RSI indicator is at 48, presenting a neutral outlook. The current technical outlook suggests that the pair could fluctuate within the 34.56 – 34.91 range, and the support-resistance levels within this range should be closely monitored.
The ounce of gold is being limited in valuation due to the increased demand for the Dollar Index following the JOLTS job openings data, which surpassed expectations. However, political uncertainties in South Korea and geopolitical tensions in the Middle East continue to support safe-haven demand. During the day, the ADP private sector employment data from the U.S., ISM services PMI, and a speech by Fed Chairman Powell hold critical importance for the direction of the markets. Expectations regarding U.S. economic data could lead to fluctuations in gold prices.
From a technical analysis perspective, it is observed that the ounce of gold is fluctuating between the 2630 – 2650 levels on the 4-hour chart. The price movements in this region indicate that the decision phase continues. For the uptrend to persist, sustained movements above the 2650 level should be observed; in this case, upward moves towards the 2660 and 2663 resistance levels might occur. On the other hand, 4-hour closings below the 2630 support could increase selling pressure and bring the 2620 and 2610 support levels into focus. The RSI indicator is at 60, presenting a positive outlook, with an increase of approximately 0.17% compared to the previous day.
The WTIUSD pair demonstrated an upward trend with the possibility of delaying the production increase plan in the OPEC+ meeting and U.S. sanctions on Iranian oil. The American Petroleum Institute’s announcement of a 1.2 million barrel increase in inventories draws attention as a factor that could pressure prices. Additionally, inventory data to be released by the U.S. Energy Information Administration could also impact pricing. Private sector employment and service sector data from the U.S. to be announced during the day may also guide pricing.
Technically, the WTIUSD pair is trading above the 69.00 – 69.50 support levels on the daily chart. In upward movements, the 70.50 and 71.00 resistance levels should be monitored. In downward movements, closings below the 69.00 level could bring the 68.50 and 68.00 levels into focus. The RSI indicator is at 52, showing a neutral outlook. Compared to the previous day, the pair has risen by 0.43%. In light of these technical details, it can be observed that if prices remain above the 69.00 support, the upward potential could be preserved.
Oil prices gained positive momentum as the OPEC+ meeting delayed the plan for production increase and the U.S. decided to impose sanctions on companies involved in the trade of Iranian oil. These developments led to an increase in oil prices and a reduction in market pressure. Following the American Petroleum Institute's announcement of a 1.2 million barrel increase in inventories, market participants are closely monitoring the stock data to be released by the U.S. Energy Information Administration. In this context, an upward trend in oil prices can be observed in the short term.
In technical analysis, the BRN/USD pair is trading at the level of 73.655. The levels of 73.00 and 72.50 are monitored as support, while 74.00 and 74.50 stand out as resistance. The RSI indicator, positioned at the level of 60, presents a positive outlook. A gain of 0.33% was observed with yesterday's increase. This situation indicates the possibility of a continued upward movement, while movements below the level of 72.50 could bring the potential for a decline into focus.
The NASDAQ100 index continues to reach new highs, despite the rise in 10-year bond yields, following the increase in the U.S. JOLTS job openings data. Investors are closely watching the ADP non-farm employment change, ISM services PMI data, and the speech by Fed Chair Powell, all scheduled to be released today. These developments could be decisive for the short-term trajectory of the index. In Asian markets, a cautious trend is observed in South Korea due to the declared martial law, while U.S. index futures show a positive trend.
Technically, the NASDAQ100 index is trading above the 21-period exponential moving average on the 4-hour chart. Limiting declines within the 21100 – 21200 range is important for maintaining the positive trend. Sustained movement above the 21300 level in upward moves could lead to testing of the 21400 and 21500 resistance levels. To confirm a downward trend, 4-hour closes below the 21100 level are required; in this case, the 21000 and 20900 support levels could come into focus. The RSI indicator appears neutral at 47.8, and it is observed that the index has risen by 0.22%.
As global markets make a positive start to December, Asian and European stocks are showing an optimistic stance. The rise in German and Spanish indices is particularly noteworthy. The DAX 40 index, influenced by this positive atmosphere, is attempting to revise its peak levels upward. Today, the focus of the markets is on data related to the service sector and speeches by the heads of major central banks. These developments may affect the movement of the DAX and other European indices.
From a technical perspective, the DAX 40 index is exhibiting a strong trend above the 19925 level. In upward movements, resistance levels of 20125, 20200, and 20280 can be observed. Sustaining above the 20125 level, in particular, could push the index towards the 20450 Fibonacci level. In downward movements, the 19925 support may play an important role. The RSI indicator is showing a positive outlook at the 60 level, and the index is up by 0.10% compared to the previous day. If it falls below the 19925 level, a broader correction movement may be observed, but it should be remembered that the main trend is positive.
U.S. natural gas futures remain under pressure due to production levels nearing record highs in December and moderate weather conditions. This situation causes natural gas prices to move downward. Developments in European and U.S. markets may also have an impact on the markets. Particularly in the U.S., changes in private sector employment and service sector data are among the other factors that could affect natural gas pricing. Additionally, the speech by Fed Chair Powell could shape market perceptions.
Technically, natural gas prices are trading below the resistance levels of 3.07 – 3.10, and as long as these resistance levels are not surpassed, the downward pressure may continue. Currently, the price is at 2.943, showing a daily decrease of 0.07%. Potential declines may watch the 3.01 and 2.975 support levels. The RSI indicator shows a negative outlook and is trading near the oversold zone. This situation could be a warning sign that prices may fall further. On the other hand, in possible recoveries, it is difficult to talk about a new upward trend unless the resistance levels of 3.07 – 3.10 are surpassed.
The EUR/USD pair started the week with PMI data related to the manufacturing sector. The Caixin data indicating that China's economic growth rate is increasing, the ISM data suggesting a reduced contraction rate in the US, and the PMI data indicating an increased contraction rate in Europe, all continue the optimism of the Dollar index over the benchmark. Especially Germany's weak economic outlook may bring forward discussions of a rate cut in the European Central Bank's December meeting. The JOLTS data from the US and speeches from Fed official Goolsbee may affect the dollar's position against the Euro.
From a technical perspective, the EUR/USD pair is trading at the 1.0445 support level. In upward movements, the resistance levels of 1.0495 and 1.0535 should be monitored. In downward movements, the support levels of 1.0445, 1.039, and 1.036 can be observed. The RSI indicator is at level 42, indicating that the market is trending negatively. The pair has decreased by 0.09% compared to the previous day. The current technical outlook suggests that the negative trend below the 233-period average may continue.
The GBP/USD pair began the week with PMI data related to the manufacturing sector. It was observed that economic growth in China has gained momentum, while the contraction rate in the US has decreased. The increased contraction rate in Germany and France, important economies in Europe, may heighten uncertainties regarding the European Central Bank's decision on rate cuts. The robust performance of the dollar index continues to exert pressure on the GBP/USD pair. Economic data from the US and statements from Fed officials could influence the direction of the pair.
From a technical standpoint, the GBP/USD pair is trading below the 1.266 resistance level on the daily chart. In downward movements, the pair may find support at the 1.261, 1.2565, and 1.2525 levels. In upward movements, the 1.266, 1.2715, and 1.277 levels can be monitored as resistance. The RSI indicator is at the 44 level, presenting a neutral outlook in the market. The pair has recorded a decrease of approximately 0.06% compared to the previous day. The current outlook suggests that if the GBP/USD pair remains below the 1.261 support level, the downtrend may continue.
The USD/TRY pair is showing a weak trend today among emerging market currencies. The Taiwanese Dollar is the weakest currency with a 0.28% decrease, while the Turkish Lira is also on the weaker side of the list with a 0.10% loss in value. The inflation data for November, set to be announced later in the day, will affect the timing of a potential interest rate cut by the Central Bank of the Republic of Turkey (CBRT). While the annual inflation is expected to decrease to 46.72%, there is a monthly inflation expectation of 2.00%. These figures are anticipated to influence the trend of the USD/TRY pair and shape expectations around a potential interest rate cut.
In technical analysis, the USD/TRY pair is trading just above the support level of 34.66. In downward movements, levels of 34.56 and 34.54 are being monitored as support. In upward movements, resistance levels of 34.78, 34.84, and 34.89 become significant. The RSI indicator is at 60 and shows a positive outlook. The pair increased by 0.11% compared to the previous day. Which direction the compression between 34.54 and 34.89 will break could be decisive for the short-term direction of the pair.
US President Trump's threat to impose a 100% tariff on BRICS countries caused the Dollar Index to rise and pressure on gold prices. In the US, the ISM manufacturing PMI data and FOMC member Waller's speech may be monitored by the markets. The strengthening of the dollar makes it difficult for gold to appreciate. While Asian indices are trading positively with expectations that the US's stance towards China will be more moderate, a calm trend is observed in US index futures.
In the chart, spot gold is being monitored on a 4-hour time frame and is priced just above the 2630 support level. In upward movements, the resistance levels of 2650, 2660, and 2663 should be watched carefully. If the downward pressure continues, the support levels of 2620 and 2610 may come into focus. The RSI indicator is at 42, and there is a slightly negative outlook in the market. There has been a 0.46% decrease compared to the previous day.
WTI crude oil prices are striving for equilibrium as the possibility of a delay in the production increase plan at the OPEC+ meeting and manufacturing activity in China coming in better than expected come into play. Political uncertainties in the Middle East and the tension between Israel and Hezbollah are also among the factors affecting the pricing. The performance of U.S. and European stock markets is among the important economic indicators that can be tracked throughout the day.
Technically, WTI crude oil prices continue to show a downward trend. As long as prices remain below the 68.50-69.00 resistance level, the levels of 67.50 and 67.00 can be followed as support in declines. If a recovery is observed, hourly closings above the 69.00 level may bring the 69.50 and 70.00 resistance levels into focus. The RSI indicator is at the 60 level and displays a positive trend. A 0.35% positive change is observed in daily price terms.
Crude oil futures are attempting to find balance amid factors such as the possibility of deferring the production increase plan at the OPEC+ meeting and manufacturing activity in China being better than expected. In the Middle East, political uncertainty in Syria and Israel's commitment to a ceasefire with Hezbollah are also causing turmoil in the region. Among external factors, the moderate nature of the U.S. restriction plans against China and the calm trend in U.S. index futures are elements affecting the oil markets.
On the chart, Brent crude oil prices are moving within the 72.5 - 73.0 resistance zones. The levels of 71.5 and 71.0 stand out as important support points. The RSI indicator is at the 55 level, displaying a positive outlook, which indicates the potential for prices to move upwards. A 0.29% increase compared to the previous day was observed. If prices demonstrate a sustained movement above the 72.5 - 73.0 resistance zone, the level of 73.5 may come into play.
The NASDAQ100 index is following a positive trend, driven by the rate cut tendencies of FOMC members and particularly by mega-cap technology companies. FOMC member Waller's inclination to support a rate cut and Williams' more neutral stance have strengthened market expectations for a rate cut in December. This has helped the S&P500 Index reach record levels. The performances of prominent technology giants are contributing positively to the index, while significant data such as the JOLTS report is being closely monitored.
Technically, the NASDAQ100 index is maintaining its positive trend in the 4-hour timeframe by trading above 21100. The RSI indicator is at 55, presenting a slightly positive outlook. While the index has the potential to test the resistance levels of 21250 and 21300, the support levels at 21100 and 21000 become crucial in downward movements. On a daily basis, the index recorded a 0.12% increase, and closures below the 21000 level could create a negative outlook.
The DAXEUR pair started the week under pressure from the negative PMI data in Europe's manufacturing sector. With Germany's pivotal role, the increased pace of contraction in the Eurozone keeps discussions of a rate cut by the European Central Bank alive for the December meeting. Despite the negative data, European stock markets made an optimistic start, and the DAX40 index rose by more than 1.50%. Data from the US economy and statements from Fed officials will continue to be monitored in the markets.
From a technical analysis perspective, the DAXEUR index is hovering near the 19900 support level and is testing the 20000 resistance level. If the index can sustain movements above the 20095 level, the uptrend is expected to continue and reach levels of 20185. The RSI indicator is at the 50 level, presenting a neutral outlook. There was a 0.018% decline compared to the previous day's close, reflecting indecision in the index. If sustained movements are seen below the support levels, the 19800 and 19630 levels may be monitored.
U.S. natural gas futures lost value at the start of the week with the forecast that moderate weather expected in mid-December would reduce heating demand. This situation did not change the downward outlook despite limited recovery efforts. The pressure on natural gas prices can continue to be monitored along with the trends in European and U.S. markets. Additionally, U.S. economic data and statements from Fed officials remain important determinants for the markets.
When examining the NGC/USD pair on a daily timeframe on the chart, it is observed that prices are trading below the support levels of 3.185 and 3.150. Upward movements remain limited, with resistance levels seen at 3.260, 3.295, and 3.33. The RSI indicator is at the level of 40 and exhibits a negative outlook. The pair shows a decline of 0.29% compared to the previous day. It can be said that prices need to make hourly closures above the 3.260 resistance in order to initiate an upward movement.
The EUR/USD pair is trying to find direction with economic data coming from the US and the Eurozone. In the US, the private sector employment data falling short of expectations is increasing expectations for a Fed rate cut, while in the Eurozone, PMI data related to the services sector remaining in the contraction zone is noteworthy. Particularly, Germany's increasing contraction rate and the generally negative outlook of the Eurozone are putting pressure on the euro. At the same time, expectations that the US Federal Reserve might cut rates in the forthcoming period could create some weakening on the dollar.
From a technical perspective, the EUR/USD pair is trading near the 1.0485 support level. In upward movements, the 1.0545 and 1.0600 resistance levels can be observed. If the pair remains below the 1.0485 level, there is potential for a pullback towards the 1.044 and 1.039 levels. The RSI indicator is at the 42 level, showing a negative outlook. The pair is down by 0.18% compared to the previous day and is generally on a weak trend. It is likely that the congestion between 1.0485 and 1.0600 will continue, yet the overall outlook remains negative.
The GBP/USD pair is trying to find direction mid-week with PMI data related to the service sectors of the UK and the US, as well as US private sector employment data. Despite the increase in the UK's growth rate, a slowdown in growth was observed in the US side through ISM data. The ADP Private Sector Employment data falling below expectations strengthened the anticipation that the Fed might cut rates by the end of the year. However, market players have not yet given a major reaction, with the focus now on tomorrow's US employment data.
From a technical perspective, the GBP/USD pair is attempting to stay above the 34 and 55 period moving averages at the 1.2665 level. As the pair tests the 1.2720 interim resistance, a potential move towards the 1.2820 main resistance level exists if it holds above this level. On the other hand, it can be said that for downward movements to gain momentum, the 1.2610 support needs to be broken. The RSI indicator is in a neutral state and does not provide a definite signal about the pair's direction. The pair has depreciated by 0.13% compared to the previous day.
The USD/TRY pair is moving based on the performance of emerging market currencies against the US Dollar. The Turkish Lira, with a 0.05% weakening, ranks among the weaker currencies of the day. The USD/TRY pair is currently trading at the level of 34.74. While mixed trends are observed in the Asian markets, data from the US and statements from Fed Chair Powell are causing a cautious stance in global markets.
In technical analysis, the USD/TRY pair is being monitored on hourly charts. The 34.66 level stands out as the initial support, while the 34.56 and 34.46 levels are other support points. In upward movements, the 34.78 resistance plays a significant role, and if this level is surpassed, the 34.84 and 34.91 resistance levels can be considered. The RSI indicator is at the 50 level, showing a neutral outlook. The pair has experienced a slight pullback with a 0.05% change compared to the previous day.
The ADP non-farm employment and ISM service PMI data from the US falling short of expectations, combined with Fed Chair Powell's call for a cautious stance, has caused spot gold to remain in a limited pricing trend. Despite emphasis on the resilience of the US economy, investors are now focusing their attention on unemployment claims. This data could be decisive for gold's short-term movements.
From a technical perspective, spot gold is fluctuating in the 2630 – 2650 range on the 4-hour chart, indicating a decision phase at these levels. If it can maintain above the 2650 level, there is potential for the price to move towards the 2660 and 2663 resistance levels. On the other hand, should it close below the 2630 level, the 2620 and 2610 support levels may be tested. The RSI indicator is at the 61 level, showing a positive trend with a 0.08% increase compared to the previous day.
WTI crude oil prices are maintaining a calm trend ahead of the OPEC+ meetings. The expectation that OPEC+ will delay its production increase for another three months contributes to balanced pricing in the market. However, the decline in commercial oil inventories and the increase in production in the U.S. are sending mixed signals on the supply side. In the U.S., falling inventories typically support prices, while rising production can exert downward pressure. Developments in Asian markets and statements from Fed Chair Powell could also have indirect effects on the oil market.
Technically, according to the price movement observed on the 4-hour time frame chart of WTI crude oil, the 69.00 – 69.50 resistance zone remains significant. As long as prices remain below this level, the downward pressure may continue, and prices may test the support levels of 68.00 and 67.50. The RSI indicator is at the 40 level and shows a negative outlook, indicating that the selling pressure could persist. A slight decline of 0.06% compared to yesterday's close has been observed. To sustain the rally, persistent movements and closures above the 69.50 level should be observed.
Oil prices are showing a calm trend ahead of today's OPEC+ meetings. Expectations that OPEC+ will postpone the production increase continue to influence the markets. Despite the decrease in commercial oil stocks in the U.S., the increase in production is noteworthy. Additionally, mixed trends in Asian markets and data from the U.S. are causing investors to act cautiously. While the political crisis in South Korea affects Asian markets, statements by Fed Chair Powell are creating pressure on the dollar.
From a technical perspective, the BRNUSD parity is trading near the 72.00 support level. If the decline continues, the 71.50 and 71.00 levels can be followed respectively. In upward recoveries, the 73.00 and 73.50 resistance levels are critically important. For the parity to capture a stronger upward trend, it needs to maintain permanent hourly closures above the 73.50 level. The RSI indicator is at the 41 level, showing a negative trend with a 0.14% decrease compared to the previous day.
The ADP non-farm employment and ISM services PMI data falling below expectations, combined with Fed Chair Powell's cautious remarks about lowering interest rates, resulted in a sideways movement in the NASDAQ100 Index. Following statements about the resilience of the US economy, relatively strong rises were observed in the shares of mega-cap technology companies like Nvidia, Tesla, and Microsoft. The mixed trend in Asian markets and the tracking of US jobless claims are among the current developments to watch.
Technically, the NASDAQ100 index is trading above the support level in the 21300 – 21400 range. As long as it stays above this level, a positive trend may continue. On the upside, resistance levels at 21600 and 21700 should be monitored. For the index to form a downward expectation, 4-hour closings below the 21300 level are important. In this case, support levels at 21250 and 21200 could come to the forefront. The RSI indicator is showing a neutral outlook at current levels, and the index shows a limited change of 0.01% compared to the previous day.
The DAXEUR pair is showing movement mid-week with economic data coming from Europe and the US. In Europe, under the light of service sector PMI data, there is an observed increase in the growth rate of the UK, while the contraction continues in the Eurozone, Germany, and France. It is noted that Germany's contraction rate has increased, but France and the Eurozone have reduced their contraction rates. Particularly this week, the DAX40 is standing out with a performance exceeding 3% among European indices. Today, the UK Construction PMI and US unemployment claims data will be watched by the markets.
From a technical perspective, the DAX40 index maintains a weak response or strong trend theme above the 20095 level. In its upward movements, 20300, 20425, and 20550 resistance levels can be monitored. Sustaining above the 20300 resistance level, in particular, could carry the rise to the Fibonacci region, namely the 20660 level. In case of potential pullbacks, the 20095 level is monitored as a critical support, while below this level, 20185 and 20000 support levels gain importance. The RSI indicator presents a neutral appearance at the 50 level, and the index is observed to have experienced a 0.04% decrease compared to the previous day.
U.S. natural gas prices are experiencing fluctuations due to production levels and expected mild weather conditions. Prices show a flat trend ahead of storage data releases today. The storage data could trigger new price movements in the markets. The mixed trends in Asian markets and U.S. economic data may have indirect effects on natural gas prices. Meanwhile, statements by Fed Chairman Powell and the overall U.S. economic outlook are among other factors closely monitored by investors.
Technically, as long as it remains below the 3.1 resistance zone on the NGC/USD charts, downward pressure may continue. In this scenario, the 3.01 and 2.975 levels stand out as support. In upward movements, surpassing the 3.1 resistance could set new targets at the 3.125 and 3.15 levels. The RSI indicator presents a neutral outlook, indicating no clear trend in the pair. Compared to yesterday, a slight increase in natural gas prices is observed, but exceeding the resistance level is crucial for the development of a significant trend.
The EUR/USD pair is finding direction with expectations of a rate cut at the upcoming meeting of the U.S. Federal Reserve. While the possibility of a quarter-point rate cut at the December 18 meeting stands out with a probability of 72%, the critical U.S. employment data to be announced today could strengthen or weaken these expectations. While a recent tight range trend in the Dollar Index continues within the 105-108 band, the movement of the pair should also be closely monitored during this period. Positive economic developments in China and general economic data from the U.S. could affect the short-term trajectory of the EUR/USD pair.
From a technical perspective, the EUR/USD pair is trading above the 1.0545 support level, with 1.0485 and 1.044 levels being watched as the next support zones. In upward movements of the pair, the 1.06, 1.064, and 1.0675 resistance levels should be monitored. The RSI indicator is at 54, showing a neutral appearance. It is observed that the pair has seen a 0.14% decline compared to the previous day, indicating that despite its recent rise, the pair may continue to exhibit an overall negative outlook. A sustained move below the 1.0485 level could lead to a deepening of the downward movement.
The GBP/USD pair is being closely watched ahead of the U.S. Federal Reserve's interest rate cut expectations and critical employment data. According to FedWatch forecasts, there is a 72% probability of a quarter-point rate cut at the Fed's December meeting. Employment data coming from the U.S. could either strengthen or weaken this expectation. While this situation may have a determining effect on the dollar, expectations of steps to support the economy in China are creating a positive divergence in global markets.
Technically, the GBP/USD pair is attempting to stay above the 1.2682 level, which is the 34 and 55-period averages. However, for a stronger upward movement, the resistance at the 233-period average of 1.2820 needs to be overcome. Otherwise, a negative trend might be in the cards for the pair. Intraday support levels are identified at 1.272, 1.2682, and 1.261, while resistance levels stand at 1.277, 1.282, and 1.286. The RSI indicator currently shows a neutral outlook and is trading with a 0.13% decline compared to the previous day. The pair's movement at these levels could be significant for determining short-term direction.
The USD/TRY pair is trading in an environment where emerging market currencies are exhibiting a volatile trend against the dollar in global markets. On a day when the Peruvian Sol displayed strong performance, the Turkish Lira stands out as the weakest currency with a depreciation of 0.28%. While positive developments in China and upcoming employment data from the U.S. occupy the external market's agenda, recent decisions by the Banking Regulation and Supervision Agency (BDDK) and the Capital Markets Board (SPK) draw attention domestically. Economic uncertainties and inflationary pressures in Turkey continue to exert pressure on the Turkish Lira.
From a technical perspective, the USD/TRY pair has found support at the 34.76 level. The exchange rate's continued presence above the 34.56 level could support upward movements. Resistance levels at 34.84, 34.91, and 34.99 should be considered. The RSI indicator stands at 48, displaying a neutral outlook. The pair has experienced a 0.28% change compared to the previous day. The chart suggests that the pair may be confined to a narrower range, but if it maintains stability above the 34.91 resistance, upward movements could gain momentum.
Expectations that China will announce stimulus packages to support economic activity are leading to a recovery in gold prices. Additionally, declines in the Dollar Index positively impact gold prices. The U.S. non-farm payrolls, average hourly earnings, and unemployment rate data, which the market is focused on, may create intraday volatility in gold prices.
Technically, gold is trading at the 2640 level. The 2630 level is an important support area, with four-hour closures below this level potentially indicating a negative trend. In this case, the 2620 and 2610 levels can be monitored as other support points. In upward movements, if it can maintain above the 2650 level, prices have the potential to advance towards the 2660 and 2663 resistance levels. The RSI indicator is at the 56 level, exhibiting a positive outlook. A 0.33% increase is observed compared to the previous day.
WTI oil prices continue to decline despite OPEC+'s decision to defer production increase due to market concerns about a future supply surplus. The course of European and US stock markets could influence oil prices. Positive expectations regarding the Chinese economy and employment data from the United States could be decisive for the market's direction. Weak employment data and inflationary pressures in the US might lead the Fed to reconsider its policy stance.
Technically, WTI prices continue to hover below the resistance levels of 68.50 – 69.00. Possible pullbacks during the day could see the support levels of 68.00 and 67.50. The RSI indicator is at the level of 42, displaying a negative outlook. The price has decreased by 0.09% compared to the previous day. For further rises, hourly closings above the 69.00 level are necessary. In this case, the levels of 69.50 and 70.00 could come into play as resistance.
Particularly, the course of European and US stock markets could be determinant in the direction of oil prices during the day. Economic support measures in China have led to a positive divergence in mainland indexes, while a cautious anticipation prevails across Asia ahead of employment data. In the US, the weak performance of October employment data and the potential of upcoming data to create market activity capture investors' attention.
Technically, Brent oil is trading below the resistance zone of 72.50 – 73.00, and as long as these levels are not surpassed, the downward pressure seems likely to persist. In downward movements, the support levels of 71.50 and 71.00 could be monitored. In possible recoveries, the 72.50 – 73.00 resistance zone is a significant threshold, and if surpassed, the 73.50 and 74.00 levels could come into focus. The RSI indicator is at the level of 44, exhibiting a negative trend. A slight decrease of 0.01% compared to the previous day is observed, indicating a cautious market course.
The EUR/USD pair indicates that attention in the new week is on growth, inflation, and central bank meetings. The upcoming interest rate decision by the European Central Bank and President Lagarde's statements could have a significant impact on the markets. The CPI data from the US and the potential for rate cuts by the Fed could also be decisive for the pair. The Dollar Index's (DXY) tendency to compress between 105-108 may limit movements on the EUR/USD.
Technically, as the EUR/USD pair approaches the 1.06 resistance level, 1.0545, 1.0485, and 1.0440 levels are monitored as support during downward movements. If the pair fails to surpass the 1.06 level, a pullback towards the 1.0485 support could be seen. The RSI indicator is at the 40 level, showing a negative trend. For the pair, which lost 0.28% on a daily basis, maintaining below the 1.0485 level could reveal a stronger potential for decline.
The GBP/USD pair is moving under the influence of global economic developments. The UK's growth figures, US inflation indicators, and upcoming central bank meetings are being closely monitored by investors. In particular, the CPI data from the US and the ECB's interest rate decision could lead to fluctuations in the markets. The Dollar Index being limited at its 34-day average supports the positive trend outlook, while discussions on the ECB's interest rate cuts also draw attention. In this context, there may be volatility in the GBP/USD pair as well.
From a technical perspective, the GBP/USD pair is trading at the 1.27223 level. Although the pair receives responses above the 34 and 55 period averages, its movement below the 233 period average indicates the strength of the negative trend. If the 1.2820 resistance level is surpassed, upward movements may gain strength. However, permanent movements at or below 1.2695 could lead to an increase in selling pressure towards the 1.2485 support level. The RSI indicator is at the 45 level and shows a neutral outlook. The pair has lost 0.16% in value compared to the previous day.
The USD/TRY pair is drawing attention as emerging market currencies exhibit a weak performance against the US Dollar in global markets. While the Turkish Lira has experienced a slight depreciation against the dollar during the day, the Russian Ruble stands out as the strongest currency in the region. Political and economic developments in Asian markets may also exert indirect pressure on the Turkish Lira. Political turmoil in South Korea and China's inflation data could affect investor risk perception and increase demand for the dollar.
From a technical standpoint, the USD/TRY pair may find support at the 34.76, 34.66, and 34.56 levels, while upward movements are monitored at resistance levels of 34.84, 34.91, and 34.99. The chart indicates a short-term upward trend. The RSI indicator shows a neutral stance, staying close to the 50 level. The pair has risen by 0.11% compared to the previous day. As long as it remains above the lower boundary of the Envelope indicator at 34.58, the upward trend in the pair may continue.
In the Middle East, political changes in Syria and the resumption of gold purchases by the People's Bank of China are creating new balances in global markets. The end of the Assad administration in Syria increases concerns of instability in the region, which raises the demand for gold. Meanwhile, weak consumer demand indicated by inflation data in China is driving investors to seek safe havens, providing support to gold prices.
Technically, gold is trading at the 2640 level, fluctuating in the 2640-2650 range. This area constitutes a critical decision-making level. If stability is maintained above 2650, prices may move towards the resistance levels of 2660 and 2663. In a downward scenario, closures below the 2630 level could trigger a pullback towards the supports at 2620 and 2610. The RSI indicator is at the 55 level, showing a positive trend. Today, gold prices recorded a 0.27% increase.
Crude oil futures are generally showing a downward trend, although they are experiencing a limited recovery due to developments in the Middle East. The downfall process of the Assad regime in Syria and Saudi Arabia's reduction of sales prices to the Asian market support the weak demand outlook. The declines in Asian markets and the movement of US stock markets may be closely monitored during the day. These developments are causing oil prices to remain below the established resistance levels and increase downward pressure.
Technically, when examining the WTIUSD chart on an hourly time frame, it is observed that the price is moving below the 67.50 - 68.00 resistance zone. As long as this area is maintained, it is likely that the declines will continue. In downward movements, the levels of 67.00 and 66.50 can be monitored as support. The RSI indicator is at the 40 level and shows a negative outlook, indicating that the downward pressure continues. There was a 0.96% decrease compared to the previous day. In upward movements, the resistance levels of 68.50 and 69.00 may become relevant, but it will be important for the price to close above 68.00 to surpass these levels.
Although Brent crude oil prices have shown limited recovery influenced by developments in the Middle East, a general downward pressure is still observed. Factors such as the overthrow of the Assad regime in Syria and Saudi Arabia lowering its sales prices for the Asian market support the weak demand outlook. The Asian markets starting the week with a decline and the slowdown of inflation in China increase concerns about global demand. Movements in the US 10-year bond yield rates and the dollar index also continue to be determinants in the course of oil prices.
When examining the Brent crude oil prices on an hourly time frame in the chart, they are trading below the 71.50 - 72.00 resistance zone. The price maintains its downward potential by following the support zones at the 71.00 and 70.50 levels. The RSI indicator is at the 47 level, showing a neutral trend. Despite a 0.79% rise compared to the previous day, for upward movements to continue, it could be important for prices to close above the 72.00 resistance. In this case, the 72.50 and 73.00 levels might come into focus.
The NASDAQ100 index is following the decline in the 10-year bond yield after last Friday's employment data release. This creates a recovery area for the index on the first trading day of the week. Turmoil in Asian markets and the low levels of U.S. 10-year bond yields have a short-term positive effect on NASDAQ100. However, global factors like the political unrest in South Korea and China's inflation outlook could potentially exert pressure on the index.
Technically, the NASDAQ100 index has found strong support between the levels of 21400 - 21500. If it remains above this range, resistance levels of 21600 and 21700 may be targeted in upward movements. However, if the index falls below the 21400 level, support levels of 21300 and 21250 may be tested. The RSI indicator is at the level of 52, exhibiting a neutral trend. It is observed that the index has shown a daily increase of 0.10%.
As global markets focus on growth, inflation, and central bank decisions in the new week, the DAXEUR pair may also be affected by these developments. Particularly, the CPI data from the US and the ECB's interest rate decision along with President Lagarde's statements in Europe will play a crucial role. Expectations regarding the Fed's interest rate cuts and the discussions surrounding the ECB's interest policy will influence the direction of the markets. It remains a question how the weak outlook in Asian markets and the trend of US bond yields will affect European indices.
From a technical perspective, the DAX40 index is showing a weak response above the 20,095 support region while monitoring resistance levels at 20,425 and 20,550 in upward movements. Persistent movements above the 20,460 region could push the upward trend towards the 20,660 Fibonacci area. The RSI indicator is slightly neutral, with the index showing a 0.02% change on a daily basis. Should a downward movement begin, the 20,300 and 20,185 regions may provide support. It should be noted that the index maintains a positive trend above the 55 and 89-period averages.
US natural gas futures made a strong start to the new week with a rise in export demand. The stagnation in Asian markets and the flat course of US stock futures could lead to fluctuations in natural gas prices. The daily course of European and US markets may be decisive for the direction of natural gas prices. In light of these developments in global markets, natural gas prices may show an upward trend as long as they hold at certain critical levels.
Technically, the NGCUSD pair is trading at the 3.120 level. Resistance points to watch on the chart, evaluated in a 4-hour time frame, stand out at levels 3.1, 3.125, and 3.15. Support levels are determined as 3.04, 3.01, and 2.975. The RSI indicator is at the 60 level, displaying a positive outlook. The pair recorded a 3.97% increase compared to the previous day, indicating the upward movement is gaining momentum.
The NASDAQ100 Index is experiencing profit-taking at new high levels due to recoveries in 10-year bond yields from the US and declines in the raw materials and industrial sectors. While a positive divergence is observed with expectations of supportive steps for the economy in China, Asian indices outside China display a negative outlook ahead of employment data expected from the US. In the US, weak employment data was recorded in October, believed to be due to temporary factors. The increase in average hourly earnings is thought to support an inflationary environment, and an increase in the unemployment rate is anticipated.
Technically, the NASDAQ100 is trading in the 21,300 – 21,400 range supported by the 21-period exponential moving average at the 21,370 level on the 4-hour chart. As long as retracements in this range remain limited, the positive trend may continue. In upward movements, resistance levels at 21,500 and 21,600 should be monitored. The RSI indicator is at 56, displaying a positive trend. The index has shown a 0.15% increase during the day. Negative expectations could become effective with 4-hour closures below 21,300, bringing 21,250 and 21,200 support levels into focus.
The DAXEUR pair is closing the week, particularly with employment data expected from the US, as a positive trend is observed in Asian and European markets, while some divergences are noted in US markets. Among European indices, Germany and Italy exhibited significant performances exceeding 3.50% as they made a positive start to December. The DAX40 index is seen updating its record levels by continuing its recent upward trend. Expectations of positive divergence in the Chinese economy are also creating optimism in global markets, while the weak US employment data and the Fed's cautious stance are being considered.
According to technical analysis, the DAX40 index continues its upward trend by remaining above the 20095 level. Resistance levels on the chart stand out as 20425, 20550, and 20660. The RSI indicator is showing a neutral trend. The index showed a 0.11% decline compared to the previous day. If it remains above the 20425 level, the upward trend may continue with a movement towards the Fibonacci region. Otherwise, there could be a retreat to the 20095 level. Support levels are being monitored at 20300, 20185, and 20095. The overall outlook indicates a positive trend, though short-term fluctuations may occur.
Despite expectations of increasing natural gas exports in the US, the NGCUSD pair remains in a consolidation trend due to profit-taking pressures. The trends in European and US stock markets could be decisive for price movements. There are expectations regarding economic support measures in China, but a negative sentiment prevails in other parts of Asia ahead of the US employment data. Weak employment figures and high hourly earnings in the US create uncertainties about the Fed's policies. This situation could exert pressure on natural gas demand and consequently on the NGCUSD pair.
Technically, the NGCUSD pair exhibits a confined outlook between the resistance levels of 3.1 and 3.125. If it fails to maintain above these resistance levels, it is likely that downward movements will continue in the pair, targeting support levels of 3.04 and 3.01. The pair is trading at a level of 2.974, showing a decline of approximately 0.30% during the day. The RSI indicator is at 35, indicating a negative trend, suggesting that selling pressure may continue.
Throughout the week, key developments such as U.S. inflation data, the ECB interest rate decision, and statements from President Lagarde may influence the EUR/USD pair's trajectory. The U.S.'s short-term inflation expectation rising to 3% and falling gasoline prices could impact the dollar. Citigroup's projection that the ECB may not adopt an aggressive stance on interest rate cuts in 2025 creates uncertainty for the euro. The positive outlook for the dollar index is expected to persist within the congestion trend of the 105-108 range until the year-end.
Technically, the EUR/USD pair shows that increases up to the 1.06 resistance level are limited. If the pair falls below the 1.0545 support, declines towards the 1.0485 and 1.0440 levels may be observed. The RSI indicator is at 42 and presents a negative outlook. This is also supported by the pair's 0.05% decrease compared to the previous day. If stability below the 1.0545 support is maintained, a deeper decline towards the 1.0330 levels may occur. However, in upward movements, the 1.0600 and 1.0640 resistance zones can be monitored. Nonetheless, the general outlook continues to remain negative below the 233-period average.
The GBP/USD pair may be influenced by significant developments in the economic calendar this week. On Wednesday, the US inflation data will be released, followed by the ECB's interest rate decision and President Lagarde's speech on Thursday, and the UK's growth figures on Friday will be closely monitored by the markets. The increase in short-term inflation expectations among US consumers and the decline in gasoline prices could affect the dollar's volatility. Additionally, the ECB’s stance on interest rate cuts and movements in the Classic Dollar Index will also impact the direction of the GBP/USD pair.
Technically, the GBP/USD pair is trading above the 1.2707 support level on the 1-hour chart. In its upward movement, resistance levels at 1.277 and 1.282 can be followed. On the downside, levels at 1.266 and 1.261 may provide support. The RSI indicator is at 52, exhibiting a neutral outlook. A limited decrease of 0.01% compared to the previous day is observed in the pair. A consolidation between 1.2707 - 1.282 could be watched, but sustained movements above 1.2820 could indicate a weakening of the negative trend.
The USD/TRY pair is trading in an environment where the currencies of emerging countries are diverging against the US Dollar, with the Turkish Lira showing weak performance. Compared to other emerging market currencies like the Chilean Peso and Thai Baht, the weaker trend of the Turkish Lira is notable. While China-backed positive developments in Asian markets positively affect the general market sentiment, their impact on the Turkish Lira remains limited.
From a technical perspective, the level of 34.63 is observed as an important support point for the USD/TRY pair. As the pair trends near the 34.83 level, upward movements may see resistance levels at 34.86, 34.92, and 34.98 respectively. The RSI indicator displays a neutral outlook. The pair marked a 0.02% change from the previous day. The compression tendency between the range of 34.63 – 34.98 may continue, but sustained movement above the 34.98 resistance could strengthen the upward movement.
Statements by China indicating that it will implement accommodative monetary policies to support the economy have bolstered upward movements in gold prices. The People's Bank of China's gold purchases to increase its reserves and the heightened risk perception towards Syria also contribute to the recovery in gold prices. The positive reflection of economic incentives in China on the Asian indices and its impact on global markets enable the appreciation of gold.
From a technical perspective, spot gold is trading above the 2670 level on the 4-hour chart. In the continuation of the upward movement, the 2676 and 2685 resistance levels can be monitored. Surpassing these resistance levels can help maintain a positive outlook. On the other hand, if there is a downward movement, the 2660 and 2650 support levels should be followed. The RSI indicator is at the 60 level, displaying a positive outlook. Currently, there is a 0.40% decline compared to the previous day, but the overall trend still appears to be upward.
Oil futures have risen due to developments in the Middle East and expectations of supportive measures from China, followed by limited profit-taking. The announcement of economic stimulus measures in China has created a positive environment in Asian indices, while the trajectory of European and US markets remains an important factor to follow throughout the day. The Politburo's announcement of an accommodative monetary policy in China has had a positive impact on the markets. On the other hand, the investigation into Nvidia in the US and attempts at a dollar index recovery appear to be causing a cautious market stance.
From a technical perspective, the WTIUSD pair is trading below the 68.50 - 69.00 resistance levels. As long as it remains below these levels, a downward outlook may prevail, with 67.50 and 67.00 as potential support levels in downward movements. In the event of a rebound, the 68.50 - 69.00 resistance levels stand as significant barriers. The RSI indicator is at 54, indicating a neutral market outlook. Compared to the previous day, there is a very slight decline of 0.013%. For the uptrend to continue, trading needs to remain consistently above 69.00 on an hourly basis, which could bring the 69.50 and 70.00 levels into focus.
Oil prices are fluctuating due to developments in the Middle East and expectations of economic support from China. Announcements about increasing economic incentives in China are having a positive impact on Asian markets, while the performance of European and US stock markets throughout the day could also affect oil prices. Economic decisions from China and movements in US stock markets may play a critical role in determining the direction of the oil market.
Technically, the BRN/USD pair is trading below the resistance levels of 72.00 – 72.50, which are highlighted as significant resistance points. In downward movements, the levels of 71.50 and 71.00 can be monitored as support. The current level of the pair is 71.615, showing an increase of 0.25% compared to the previous day. The RSI indicator is at 48, indicating a neutral trend. It should be noted that the pair needs to make hourly closings above the 72.50 level to gain upward momentum.
NVIDIA's antitrust investigation in China and declines in other technology firms continue to exert pressure on the NASDAQ100. While China's economic support measures create a generally positive atmosphere in Asian markets, U.S. markets maintain a cautious stance. Statements regarding China's upcoming accommodative monetary policy positively influence Asian indices, while U.S. 10-year Treasury yields and the dollar index are being closely monitored. NVIDIA's situation and profit-taking in Bitcoin are undermining confidence in technology stocks and adding pressure on the overall index.
Technically, the NASDAQ100 index is trading in the 21400-21500 support zone and is observed to be at a decision-making stage in this area. For the index to gain positive momentum, a sustained move above the 21500 level is necessary. In potential recoveries, the resistance levels of 21600 and 21700 could gain importance. Conversely, if the level falls below 21400, declines may extend to the support levels of 21300 and 21250. The RSI indicator is around 50, presenting a neutral market picture. A slight increase of 0.02% in the index compared to the previous day supports the cautious stance in the market.
Global markets started the week mixed, while Asian stocks followed a positive trend with China's economic stimulus announcements. In European markets, regional differences were noticeable, with the DAX 40 index facing pressure due to profit-taking ahead of the U.S. Christmas holiday. Policies to support China's economy and competitive investigations concerning Nvidia in the U.S. are among the key factors affecting market dynamics. The DAX 40 continues to remain under pressure along with major indices like the SP500.
From a technical perspective, when examining the DAX 40 index, the 20095 level stands out as a significant support point. The chart shows that the index is trying to stay above this level. In upward movements, surpassing the 20460 resistance could trigger a rise towards the 20570 and 20660 levels. The RSI indicator stands at 46 and presents a neutral outlook. The index has experienced a 0.26% drop compared to the previous day. If the decline continues, the 20300 support level might play a critical role. However, staying above the 20095 level and the 50-period moving average helps maintain the positive outlook.
US natural gas futures are gradually trending lower under the pressure of mild weather forecasts, yet they are supported by robust export demand. The performance of European and US stocks is also among the elements that need to be monitored carefully. Particularly, economic stimulus news from China creates a positive atmosphere in Asian markets, while the cautious trend in US futures and bond yields draws attention. This situation may cause fluctuations in the natural gas market.
Technically, the 3.150-3.185 support region plays a significant role in the NGCUSD pair. As prices test this area, hourly closures above 3.185 could pave the way for upward movements. Resistance levels at 3.215 and 3.26 can be monitored above. On downward movements, breaking the 3.150 support might lead to a pullback towards the 3.125 and 3.1 levels. The RSI indicator is below the 30 level, displaying a negative outlook in the oversold zone. The pair has decreased by approximately 0.52% compared to the previous day.
The EUR/USD pair is focused on the US November inflation data, the European Central Bank's interest rate decision, and President Lagarde's speech, all carefully watched by global markets this week. It is considered that US inflation data could affect interest rate cut expectations for the Fed meeting on December 18. The limited movement of the dollar index keeps on the agenda a scenario where the compression trend between the 105 – 108 range may continue until the end of the year. The ECB's interest rate decision from Europe could lead to more distinct movements on the Euro.
Technically, the EUR/USD pair is trading at the 1.05234 level. In upward movements in the pair, resistance levels of 1.0543, 1.06, and 1.064 can be monitored. In downward movements, the support levels of 1.0485, 1.044, and 1.039 play an important role. The RSI indicator is approximately at the 45 level, showing a neutral outlook. The pair has declined by 0.04% compared to yesterday's close. If the movement falls below the level of 1.0485, a decline to the level of 1.0330 may be seen. However, if the current compression process continues, the pair is likely to fluctuate between 1.0485 and 1.0600.
The GBP/USD pair is focused on significant macroeconomic events in the middle of the week. Today's inflation data from the US and tomorrow's interest rate decision by the European Central Bank could be decisive for the pair. The expectation for a rate cut at the Fed's meeting on December 18 stands at 86%, and movements in core inflation could influence this expectation. On the other hand, growth data from the UK will also play an important role in the pair's trajectory throughout the week. The limited movements in the Dollar Index and its confinement between 105-108 will be a determining factor for the GBP/USD pair as well.
From a technical perspective, the GBP/USD pair is struggling to break above the 1.2810 resistance level and is displaying an outlook below the 233-period average. If the pair achieves a sustained movement below 1.2718, pressure may build towards the 1.2485 support level. In upward movements, the 1.2810 resistance emerges as a significant barrier. The RSI indicator suggests a neutral outlook for the pair. With a 0.05% decrease compared to the previous day, the pair is stuck between 1.2718 - 1.2810, and movements within this range should be closely monitored.
The USD/TRY pair is trading in an environment where emerging market currencies generally exhibit weak performance against the US Dollar. In this scenario, where the Philippine Peso stands out as the weakest and the Peruvian Sol as the strongest currency, the Turkish Lira depreciates by 0.07%, positioning itself on the weaker side. As fluctuations occur in the markets ahead of the inflation data release in the US, expectations of a Fed rate cut may also impact the pair. During this period marked by mixed trends in Asian and US markets, the markets particularly monitor critical data like US inflation and Fed policy.
From a technical standpoint, the USD/TRY pair is trading within a range close to the 34.87 level. In the daily chart, the levels of 34.76, 34.66, and 34.58 are monitored as support, while 34.88, 34.94, and 35.00 levels stand out as resistance points. The RSI indicator is at 70, indicating an overbought area and presenting a positive outlook. If the pair breaks through the 34.88 resistance in its upward movements, it may increase upward momentum. However, following a 0.40% rise compared to the previous day, pricing at these resistance levels should be closely monitored.
News from China and Israel's military actions in Syria contribute to the rise of gold by increasing the perception of geopolitical risk. While this supports the safe-haven demand, markets are closely watching the upcoming CPI data from the US. The US inflation data could influence the Federal Reserve's monetary policy decisions. Especially within the framework of Fed's possible rate cut expectations, the announced data may change investors' positions on gold.
From a technical perspective, gold continues to trade above support levels of 2685, 2676, and 2670. The price remaining above these levels keeps the upward expectation alive. In upward movements, resistance levels of 2693 and 2700 can be monitored. The RSI indicator is at the 45 level and the market presents a neutral outlook. The pair, experiencing a 0.46% decrease compared to the previous day, must surpass the identified resistance levels to maintain its upward momentum. Otherwise, the likelihood of the price testing the support levels may increase.
WTI oil prices are showing an upward trend in the Asian session ahead of US inflation and Energy Information Administration's inventory data. OPEC's monthly report and China's positive statements regarding economic policies have also stabilized the oil markets. The American Petroleum Institute's report on an increase in inventories stands out as a significant development on the supply side. US inflation data and Fed's interest rate policy expectations are prominent as major determinants in global markets.
Technically, WTI prices continue to trade above the 68.50 support level. If the rise continues, the levels of 69.50 and 70.00 can be monitored as resistance. In potential pullbacks, the 68.50 level emerges as a critical support; a sustained movement below this level could bring the 68.00 and 67.50 support levels into focus. The RSI indicator is showing a neutral outlook at the 50 level. Prices increased by 1.04% compared to the previous day, which may indicate that the upward potential is maintained in the short term.
Brent crude oil prices are on a positive trajectory in Asian markets ahead of US inflation data and the stock data to be released by the Energy Information Administration. Signs of stabilization are observed in the oil market, influenced by the monthly report to be published by OPEC and China's moderate policies aimed at supporting the economy. The American Petroleum Institute's report of a 500,000-barrel increase in stocks is also being closely monitored by the markets. US inflation data and the OPEC report stand out as determining factors for the short-term direction of oil prices.
Technically, Brent crude has the potential to exhibit an upward movement by holding above the 72.00 support level. The 73.00 and 73.50 levels can be monitored as resistance. In case of any pullbacks, the 72.00 level emerges as a significant support point. If the price falls below this level, the 71.50 and 71.00 support levels can be monitored. The RSI indicator is at 54, showing a neutral outlook in the market. Brent crude, which has gained 0.86% in value compared to the previous day, is maintaining its upward momentum.
The NASDAQ100 Index remains under pressure as the rise in US 10-year Treasury bond yields continues. Despite the positive impact of Alphabet's significant steps in quantum computing, the decline led by the technology sector is noteworthy. US CPI data will be closely monitored throughout the day and could play a crucial role in the Fed's monetary policy decisions. In global markets, a mixed trend is observed; Asian indices generally exhibit a volatile outlook.
According to technical analysis, the NASDAQ100 index continues with a decision-making scenario in the 21,400 – 21,500 range. For the index to gain a positive momentum, it needs to maintain sustainable movements above the 21,500 level. In this scenario, the resistance levels of 21,600 and 21,700 may come into focus. On the other hand, if sustained movement is achieved below the 21,400 level, declines towards the support levels of 21,300 and 21,250 are possible. The RSI indicator is at the 45 level, showing a slightly negative outlook. The index has experienced a 0.02% decrease compared to the previous day.
The DAXEUR pair is showing a cautious trend in global markets due to profit taking ahead of the Christmas holiday and critical central bank decisions. The effect of the mixed outlook in Asian markets and the importance of the upcoming inflation data from the US play a decisive role in the pricing of the DAX40 index. Uncertainties regarding inflation data and central bank decisions in the US and Europe are causing a cautious stance in the markets. In this environment of uncertainty, it is observed that the DAX40 index is relatively less depreciated.
From a technical analysis perspective, the DAX40 index is maintaining its strong stance above the 20095 level, where the 50-period moving average passes. Resistance levels of 20385, 20460, and 20570 can be observed in upward movements. In particular, sustained movements above the 20460 level could direct the index to the 20660 Fibonacci zone. For a downward movement, it is necessary to fall below the 20280 support level. The RSI indicator shows a neutral outlook at 47, registering a 0.21% decrease compared to the previous day. In light of this data, the technical outlook of the DAXEUR pair should be monitored carefully.
U.S. natural gas futures have demonstrated an upward movement influenced by strong flows to liquefied natural gas facilities, yet they have remained balanced in the Asian session due to weaknesses in demand caused by warm weather forecasts. Uncertainties regarding the trajectory of European and U.S. stock markets could affect natural gas pricing. Inflation data to be released in the U.S. and economic policies in China may have significant impacts on the markets. In light of these factors, the natural gas market is closely monitoring external developments.
From a technical perspective, the NGCUSD pair is managing to hold above the 3.150 support level on the 4-hour chart. In upward movements, the levels of 3.215 and 3.260 can be monitored as resistance. In potential downward movements, if the 3.150 support level is broken, it is projected that the price could retreat to the levels of 3.125 and 3.100. The RSI indicator is exhibiting a positive outlook at the 60 level. The pair has gained 0.74% in value compared to the previous day's close, indicating that the upward momentum continues.
The EUR/USD pair is drawing attention as inflation data from the US aligns with expectations, leading to increased anticipation of a Fed rate cut. Expectations for the Fed meeting have made a rate cut seem certain. Similarly, the decision by the European Central Bank to cut rates is being priced in by the markets, but the messages from President Lagarde are being closely monitored. These monetary policy expectations in the US and Europe continue to have significant impacts on the pair.
Technically, the EUR/USD pair is trading near the 1.0600 resistance level. On the daily chart, the pair's inability to surpass the 1.0535 resistance indicates that the upward momentum is limited. On downward movements, the levels of 1.0485, 1.0440, and 1.0390 are being watched as support. The RSI indicator is at 50 and shows a neutral outlook. The pair is showing a negative change of approximately 0.11% compared to the previous day. The overall outlook could continue its negative trend as long as it remains below the 233-period average.
The GBP/USD pair is moving based on expectations regarding global central banks' interest rate policies. The alignment of U.S. inflation data with expectations increased the likelihood of a rate cut by the Fed at the next meeting, putting pressure on the Dollar. Simultaneously, the European Central Bank's expectation of a rate cut is also affecting the Sterling. President Lagarde's statements, the economic outlook in the Eurozone, and trade tensions with the U.S. will also be decisive on the direction of the pair.
Technically, the GBP/USD pair is trading near the resistance level of 1.2810 on the daily chart. If this level is surpassed, the resistance zones at 1.286 and 1.29 could be monitored. On downward movements, the support levels of 1.2726, 1.266, and 1.261 should be watched. The RSI indicator is close to the 50 level and exhibits a neutral appearance. The pair showed a decrease of 0.11% compared to the previous day. A sustained move below the 1.2726 support could make the bearish trend more pronounced.
The USD/TRY pair is trading near the 34.87 level in an environment where the Turkish Lira is weak compared to the currencies of other emerging countries. The positive sentiment in Asian markets and U.S. inflation expectations do not put significant pressure on the Dollar. However, the generally weak performance of the Turkish Lira allows the pair to move upwards. Additionally, expectations regarding interest rate policies of the U.S. and European Central Banks are among the factors that the market closely monitors.
Technically, the USD/TRY pair is testing the 34.88 resistance level, and if this resistance is surpassed, a movement towards the 34.94 and 35.02 levels can be seen. In downward movements, the 34.76, 34.68, and 34.58 levels are monitored as support. The RSI indicator shows a neutral appearance at the current level of the pair, and the market is showing a 0.05% increase. During this period where the pair is moving within a narrow range, a potential trend change is anticipated if significant levels are breached.
The fact that US inflation data rose in line with expectations has strengthened the expectations for a rate cut by the Fed in December, contributing to the recovery of the gold ounce to around 2720 dollars. Markets are focused on the ECB's monetary policy statement, US PPI data, and unemployment benefit claims. The positive trend in Asian indexes and the slight pullback in the dollar are supportive for gold prices.
From a technical perspective, the gold ounce maintains its positive trend by staying above the 2693 – 2700 range. In upward movements, the resistance levels of 2720 and 2730 should be monitored. In potential downward movements, the levels of 2710, 2700, and 2693 can be followed as support. The RSI indicator is at the level of 55, showing a positive trend. The gold ounce, which experienced a 0.11% drop compared to the previous day, indicates that the level of 2720 is a critical resistance point.
Oil prices are rising despite global demand concerns, driven by Europe's new sanctions on Russia and the U.S. Energy Information Administration's announcement of a larger-than-expected decline in stocks. These developments are supporting the upward trend in the oil market, while the course of European and U.S. exchanges and statements from the European Central Bank on monetary policy can be closely monitored throughout the day. In particular, the expectation of a rate cut by the European Central Bank towards the end of the year and inflation data in the U.S. could influence the market's direction.
WTIUSD, on the daily chart timeframe, is showing an upward movement by holding above the 69.50 – 69.00 support levels. In the continuation of upward movements, the resistance levels of 70.50, 71.00, and 71.50 can be monitored. The RSI indicator is at level 59, exhibiting a slightly positive trend. An increase of 0.42% compared to the previous day may indicate that the upward potential continues in the short term. However, if the price falls below the 69.00 support, levels of 68.50 and 68.00 may come into play.
The oil market is experiencing an upward trend due to Europe's new sanctions on Russia and the U.S. Energy Information Administration's reports on inventory declines. Although there is ongoing uncertainty regarding global demand, developments such as the performance of European and U.S. stock exchanges and the European Central Bank's monetary policy statement may shape oil prices. As long as pricing continues to hold above the 72.50 – 73.00 support, upward movements may be observed.
Technically, the BRNUSD pair is trading above 73.00, and if the upward momentum continues, resistance levels at 74.00 and 74.50 can be monitored. In potential downward movements, the 72.50 – 73.00 support zone is crucial. The RSI indicator is at the 52 level, reflecting a neutral outlook. Oil prices have increased by 0.30% compared to the previous day, indicating some positive sentiment in the market. Closures below 72.50 could increase selling pressure.
The NASDAQ100 Index is experiencing an upward movement due to expectations of a rate cut by the Fed in December strengthening after US inflation data rose in line with market expectations. Similar increases are observed in Asian indices, while upcoming PPI data and unemployment claims from the US are among the important data that could affect the index's trajectory. A generally positive atmosphere prevails in global markets, and the interest rate decisions of the European Central Bank (ECB) and the Swiss National Bank (SNB) are also closely monitored by investors.
Technically, the NASDAQ100 index is trading at the 21727 level, with support levels prominent at 21700, 21600, and 21500. On upward movements, resistance levels of 21800, 21900, and 22000 can be monitored. The RSI indicator is at level 58, displaying a positive outlook. The index, which experienced a 0.05% increase compared to the previous day, may maintain its positive trend in the short term. However, the stance of the supports in the 21500 – 21600 region will be important in potential pullbacks.
The DAXEUR pair is shaping up with the inflation data for November in the US meeting expectations and the growing expectations of a rate cut in the upcoming Fed meeting. This situation attracts the attention of the markets ahead of the European Central Bank (ECB) meeting. The messages to be delivered by ECB President Lagarde are particularly important in terms of the bank's future monetary policy moves. While European indices are generally showing a negative performance, Asian markets are on a positive trend. The inflation data in the US not creating significant volatility in the markets also has a limited impact on DAXEUR.
From a technical perspective, the DAX40 index is trying to gain strength above the 20095 – 20185 area, which also includes the 50-period average. The upward movements of the index can be followed with resistance levels at 20460, 20570, and 20660, respectively. Particularly, sustained movements above the 20460 resistance may increase the potential for the price to rise towards the 20660 level. However, a movement below the 20385 support level carries the risk of the price retreating to the 20185 level. The RSI indicator is hovering at a neutral level, with the intraday change calculated at -0.18%.
US natural gas futures are on a recovery trend due to increased heating demand based on cold weather forecasts and a rise in exports to liquefied natural gas facilities. The performance of European and US stock exchanges, along with the inventory figures to be released by the US Energy Information Administration, can be closely monitored throughout the day. Increases in Asian indexes and US inflation expectations may also impact the overall market sentiment. The interest rate decisions of the European Central Bank and the Swiss National Bank could have an indirect effect on natural gas prices.
Technically, the NGCUSD pair finds strong support at the 3.33 and 3.295 levels on the daily chart. Resistance levels at 3.4 and 3.43 should be monitored for upward movements. The RSI indicator of the pair is showing a positive outlook at the 60 level. There is a 1.98% increase compared to the previous day, which may indicate a short-term upward momentum, but maintaining the 3.33 - 3.295 support zone is crucial. In case of declines, hourly closings below this region could lead to further pullbacks towards the 3.26 level.
The EURUSD pair highlights a week in global markets where the interest rate decisions of major central banks and economic data take the spotlight. Expectations regarding the monetary policy decisions of the Fed, BoE, and BoJ, along with PMI data from the Eurozone and the US, will affect the pair. Concerns about economic activity in the Eurozone and statements from ECB President Lagarde can especially shape the Euro. The slight decline in the dollar index and movements in US 10-year Treasury yields may also be decisive on the pair's direction.
Technically, the EURUSD pair is trading near the 1.0545 resistance level on the 4-hour chart, with support levels observed at 1.0480, 1.0440, and 1.0390 in downward movements. The RSI indicator is at 42, showing a slightly negative market outlook. A decline of 0.15% compared to the previous day is observed in the pair. In the short term, it is assessed that if persistence below the 1.0480 level is maintained, downward movements could deepen, otherwise a squeeze towards the 1.0600 level could continue.
The GBP/USD pair is being closely monitored in a week where many central banks' interest rate decisions and significant economic data are anticipated. As the pre-Christmas activity in global markets continues, the monetary policy decisions of the Fed, BoE, and BoJ, along with inflation and growth data, are the focus of investors. Today, PMI data is particularly in the spotlight, and the results from the Eurozone, Germany, France, the UK, and the US could influence the direction of the markets. The dollar index has started the week with a limited loss, which is among the factors affecting the movements in the GBP/USD pair.
Technically, the GBP/USD pair is trading near the 1.2610 support level, and if this level is broken, a decline towards 1.2565 and 1.2525 levels may be observed. On upward movements, the 1.2665, 1.2700, and 1.2755 resistance levels should be monitored. On the daily chart, the RSI indicator is at the 46 level, indicating a neutral market outlook. Considering the pair has depreciated by 0.12% compared to the previous day, it can be observed that short-term uncertainties may continue.
The USD/TRY pair is trading near the 34.96 level due to the weak performance of the Turkish Lira, which is lagging among the currencies of developing countries. The TL remains under pressure from various factors such as low retail sales data in China and expectations regarding US interest rate policy, impacted by developments in global markets. The week, which the US Dollar started with limited losses, adds an additional pressure factor on the TL.
Technically, the USD/TRY pair finds support at 34.9, 34.8, and 34.76 levels, while upward movements may encounter resistance at 34.99, 35.065, and 35.11 levels. When analyzed on the chart, it is observed that the pair is moving in the hourly time frame. The RSI indicator stands at the 52 level and displays a neutral outlook. The pair shows a 0.03% change compared to the previous day. If current levels are maintained, the upward movement may continue. However, if the level of 34.76 is breached downwards, a consolidation trend might come into play for the pair.
While the rise in the Dollar Index remains limited, spot gold finds support from safe-haven demand. The tension between Israel and Gaza increases geopolitical risks, limiting gold's depreciation. Preliminary manufacturing and service PMI data to be released during the day will provide hints about economic activity and might also impact the markets. In such an environment, it is observed that investors are carefully monitoring global developments and particularly expectations regarding the USA's interest rate policies.
From a technical perspective, spot gold is trading below the short-term resistance zone of 2660 - 2673, and as long as an upward breakout is not achieved in this zone, downward pressures may persist. In the event of a decline in gold prices, the support levels of 2650 and 2640 should be monitored. For the upward trend to gain strength, it may be important to maintain stability above the 2660 - 2673 range with four-hour closures. In this case, the 2685 resistance might come into focus. The RSI indicator is currently just below the 50 level and displays a neutral outlook. Prices have increased by 0.13% compared to the previous day.
WTI Crude Oil prices showed an upward trend last week due to concerns about supply shortages stemming from sanctions on Russia and Iran, expectations of stimulus in China, and the impact of major central banks' interest rate cut processes. However, the new week seems to have started with profit-taking. The course of European and US stock markets and PMI data may be closely monitored throughout the day. During this period, as long as pricing remains above the 69.50 – 70.00 support levels, the upward outlook may be in the forefront.
Technically, WTI Crude Oil is trading at 70.425 on the 4-hour chart. In upward movements, prices may target the 71.00 and 71.50 resistance levels. In case of possible declines, the 70.00 - 69.50 support levels may play an important role. The RSI indicator is at 48, indicating a neutral stance. In the last 24 hours, prices have seen a slight decrease of 0.03%.
The BRN/USD pair experienced an upward momentum last week due to sanctions on Russia and Iran triggering supply shortage concerns, expectations of stimulus in China, and rate cut processes by major central banks. However, as the new week began with profit-taking, it started trading at a lower level due to rollover. During the day, the direction of European and US stock markets and PMI data could be decisive for the pair's direction. Additionally, retail sales data in China coming in lower than expected is creating pressure in Asian markets, while expectations for the Fed's rate cut remain one of the notable points on the agenda.
Technically, the BRN/USD pair is trading just above the 73.50 support level. As long as it stays above the 73.00 – 73.50 support zone, an upward trend may be observed. In potential rises, the 74.00 and 74.50 resistance levels could be targeted. In downward movements, if there are sustained closures below the 73.00 level, the 72.50 and 72.00 levels could come into focus. The RSI indicator is at 48, presenting a neutral outlook. The pair has experienced a 0.09% decrease compared to the previous day.
The NASDAQ100 index is showing some recovery due to expectations of the Fed's upcoming rate cut and pressure on U.S. 10-year Treasury yields. Economic data from China falling short of expectations is creating pressure on Asian indices, while U.S. index futures are not much affected by these developments. The U.S. dollar index starts with limited losses, and PMI data remains one of the focal points for markets.
Technically, the NASDAQ100 index is trading above the 21800 level, supported by the 21-period exponential moving average. If it stays above this level, the positive trend may continue, and 22100 and 22200 resistance levels can be tested in upward movements. To increase downward pressure, 4-hour closures below the 21800 level are needed, in which case 21700 and 21600 support levels may come into play. The RSI indicator is at a neutral level and shows a daily increase of 0.20%.
Global markets have entered a busy week of data releases and central bank decisions ahead of the Christmas holiday. Interest rate decisions from major central banks such as the Fed, BoE, and BoJ are among the most important topics of the week. Additionally, PMI data from the Eurozone, Germany, France, the UK, and the US will also be significant. Economic data from China is putting pressure on Asian indexes, while Moody's downgrade of France's credit rating and the threat of a confidence vote in Germany are increasing the atmosphere of uncertainty in Europe. All these developments are expected to cause fluctuations in the DAX 40 index.
Technically, the DAX 40 index continues to display a positive outlook by staying above the 20385 level. If this positive trend continues, the resistance levels of 20660, 20700, and 20785 could be tested in succession. Sustained movements above the 20700 level could push the index to higher levels. Otherwise, if it falls below the 20570 support level, a pullback towards the 20385 level could be observed. The RSI indicator is currently showing a neutral outlook. The index has decreased by 0.07% compared to the previous day.
U.S. natural gas futures faced profit-taking after a volatile week. Increased export activities and temperature forecasts above seasonal norms continue to exert pressure on natural gas prices. Additionally, the economic data from China falling short of expectations, expectations of Fed rate cuts in the U.S., and political uncertainties in Europe are affecting risk appetite in global markets. All these factors can closely impact price movements in the natural gas market.
Technically, the NGCUSD pair is trading below the 3.070 – 3.100 resistance level on the hourly chart. As long as it remains below these levels, downward pressure may continue, and prices might head toward the 3.010 and 2.975 support levels. The RSI indicator is at the 40 level, displaying a negative outlook. The pair has experienced a decrease of 1.03% compared to the previous day. In potential recoveries, hourly closures above the 3.070 – 3.100 range could highlight the 3.125 and 3.150 levels.
The EUR/USD pair is moving under the influence of significant economic developments in the US and the Eurozone. In the US, inflation and interest rate policy expectations before the Fed meeting affect the pair, while in the Eurozone, the ECB's rate cut and President Lagarde's messages are being monitored. The expectation of a quarter-point rate cut for the Fed meeting is high, which supports the current strong trend of the dollar. Additionally, a mixed trend is observed in European indices, and particularly China-based economic developments are causing fluctuations in global markets.
From a technical perspective, the EUR/USD pair is moving around the 1.0460 level. The first resistance in the pair is at 1.0535, with higher resistance levels to be monitored at 1.06 and 1.064. On the downside, the levels of 1.0485 and 1.044 are noteworthy support levels, especially movements below 1.044 could increase the potential for a drop to 1.039. The RSI indicator is at the 40 level and shows a negative outlook. It is observed that there has been a 0.04% decrease compared to the previous day, signaling the potential continuation of downward movements in the pair.
The GBP/USD pair is shaped by significant economic data and developments from the US and the Eurozone. While US inflation data and Fed's interest rate policy expectations influence the pair, the market focus has shifted to the Fed meeting on December 18 ahead of the Christmas holiday. Growth data from the UK could also impact the direction of the GBP. Meanwhile, selling pressure originating from China in the Asian markets and fluctuations in US indices are among the factors affecting global market risk appetite.
Technically, the GBP/USD pair is trading at the 1.266 level and is attempting to stay above this level. The 1.2726 and 1.266 levels are being monitored as support, while upward movements could face resistance at 1.281, 1.286, and 1.29 levels. The RSI indicator is at 38, showing a negative outlook. The pair has decreased by 0.10% compared to the previous day. If it breaks below the 1.261 level, the downward trend might strengthen further. However, as long as the pair continues its movement below the 1.2727 level, the short-term negative trend pressure could remain effective.
The USD/TRY pair stands out with the weak performance of the Turkish Lira against the US Dollar among the currencies of emerging countries. The lack of clarity in the expected stimulus details from China creates selling pressure in Asian markets, while the rise in CPI and PPI data and high unemployment claims in the US limit risk appetite. The increase in bond yields and the rise in the dollar index in the US amplify the pressure on the Turkish Lira. The ECB's interest rate cut decision in the Eurozone continues to influence overall market dynamics.
Technically, the USD/TRY chart is trading near the 34.95 level in the short term. In upward movements of the pair, the 34.88, 34.94, and 35.02 levels can be watched as resistance. In downward movements, the 34.76, 34.68, and 34.58 levels are monitored as support. The RSI indicator is at 53, indicating a neutral market trend. The pair's 0.19% increase compared to yesterday's close suggests continued upward pressure. However, the tendency for prices to squeeze between the 34.73 - 35.08 range should not be overlooked.
The U.S. producer inflation data exceeding expectations led to an increase in the dollar index, creating pressure on gold. However, the greater-than-expected rise in jobless claims somewhat eased this pressure. The mixed outlook in Asian markets and the closing losses in U.S. indexes indicate that global economic uncertainties persist. In the Eurozone, the ECB's interest rate cuts and the increase in U.S. 10-year bond yields are among other noteworthy factors in the markets.
Technically, gold is currently trading between the 2673 – 2693 support and resistance levels. Pricing within this range suggests that the decision phase scenario may be valid. On the daily chart, sustained pricing above the 2693 level could reinforce the positive outlook, and the 2700 and 2710 resistance levels could be monitored. Otherwise, pricing below the 2673 level could highlight a negative outlook, potentially leading to a decline towards the 2660 and 2650 support levels. The RSI indicator is just above the 50 level, showing a neutral outlook, which indicates an indecisive trend in the market.
WTI crude oil prices are showing an upward trend due to new sanction plans targeting Russia and Iran and the International Energy Agency's upward revision of oil demand forecasts for 2025. However, expectations that supply-side balancing will continue may limit the price increase. The lack of details on stimulus measures from China is creating selling pressure on Asian indices, but its impact on oil prices remains limited. The performance of European and US stock markets can be influential in daily pricing.
Technically, WTI crude oil prices maintain an upward outlook by staying above the support levels of 69.00 – 69.50. The current pricing is at the level of 69.675. In upward movements, resistance levels of 70.50 and 71.00 can be monitored. In the event of a possible decline, closings below the 69.00 level may lead to targeting support levels of 68.50 and 68.00. The RSI indicator is at the level of 50 and exhibits a neutral trend. Prices have increased by 0.32% compared to the previous day.
The oil market is in an upward trend due to new sanction plans against Russia and Iran. The International Energy Agency's upward revision of oil demand forecasts for 2025 supports this trend, while concerns about oversupply persist. Although uncertainties regarding incentives in China have led to profit-taking, these losses have been quickly recovered. During the day, the performance of European and US stock markets may also affect oil prices.
Technically, as long as the BRNUSD price remains above the 72.50 – 73.00 support levels, the upward outlook may remain prominent. Increases may target the resistance levels of 74.00 and 74.50. In the event of possible declines, the movements below 72.50 should be monitored, in which case levels of 72.00 and 71.50 may come to the forefront. The RSI indicator is at the 63 level and shows a positive outlook. The pair, with a 0.21% increase compared to the previous day, maintains its upward momentum.
The higher-than-expected increase in US producer inflation data and the rise in 10-year bond yields increased the pressure on the NASDAQ100 Index. Adobe's 13.7% loss following its earnings report also deepened the negative impact on technology stocks. The disappointment in Asian markets due to China not disclosing the anticipated economic stimulus details was reflected as selling pressure in the general markets. While US indices ended yesterday with losses, a 0.25% rise was observed in Nasdaq futures during the Asian session. The dollar index continued its upward trend during the Asian session, reaching the highest levels of recent weeks.
Technically, as long as the NASDAQ100 index maintains its position above the 21600 level on the 4-hour chart, it could sustain its positive trend. In the upward movements of the index, the 21800 and 21900 resistance levels are monitored, while a break of the 21800 level suggests the potential for continued buying. In case of a downward break, the 21700 and 21600 support levels can be followed. The RSI indicator is around 50, showing a neutral trend. The index's 0.47% decline from the previous day indicates that the overall mixed trends in the market are continuing.
The DAX40 index was influenced throughout last week by factors such as the European Central Bank's interest rate decisions, inflation data from the United States, and global market fluctuations before the Christmas holiday. In particular, in an environment where other European indices like Spain and the Netherlands showed negative performance, the DAX40's effort to remain in the positive zone was noteworthy. While a negative picture was observed in the U.S. markets except for the technology index Nasdaq100, an optimistic atmosphere prevailed in the Asian markets. The Eurozone closely followed the ECB's interest rate cut decision.
From a technical perspective, the DAX40 index is showing a positive trend above the 50-period average. Currently, the 20460 resistance is being tested, and if the upward movement continues, the levels of 20570 and 20660 are potential targets. In downward movements, the support levels of 20385 and 20280 can be monitored. The RSI indicator presents a positive outlook at the 59 level. The index is trading with a loss of approximately 1.5% compared to the previous day's closing. The 20185 level, which is the 50-period average, stands out as a significant support point during index pullbacks.
U.S. natural gas futures exhibit an upward trend, supported by weather forecasts and flows to liquefied natural gas facilities. The decline in inventories exceeding expectations also contributes to this rise. A slight contraction in natural gas production has been observed since the beginning of December. Developments in European and U.S. stock markets during the day may affect natural gas pricing. Losses in U.S. indexes and interest rate expectations are among the factors that could influence natural gas pricing dynamics.
The chart shows that the natural gas price is close to the support levels of 3.43 and 3.4. In a bullish scenario, resistance levels of 3.5 and 3.535 can be monitored. In the event of a possible decline, a pullback to the level of 3.37 may occur. The RSI indicator is at 40 and shows a negative trend, indicating that some selling pressure might persist in the market. The pair, which exhibited a 0.06% decrease compared to the previous day, might test whether it can hold onto the support levels in the short term.
The EUR/USD pair is under the influence of PMI data this week. While Germany and the US manufacturing PMI data remain in contraction territory, the service sector data display a positive momentum. The manufacturing contraction in Germany increases expectations for the ECB to move towards more aggressive rate cuts. On the other hand, the US service sector continues to grow, sparking curiosity regarding the Fed meeting. Data such as the German ZEW Economic Sentiment from the Eurozone and core retail sales from the US could influence the direction of the pair.
From a technical perspective, the EUR/USD pair is trading at the 1.0500 level. The main support is at the 1.048 level; if this level is breached, 1.044 and 1.039 levels could be monitored as supports. In upward movements, the 1.0545 and 1.06 levels should be followed as resistance. The RSI indicator is at the 38 level, showing a slightly negative outlook. Compared to the previous day, the pair has shown a 0.04% decrease. Sustaining below 1.0440 could lead to a deeper decline, while in upward movements, the 1.06 resistance might be a significant barrier.
The GBP/USD pair started the week with PMI data. While the manufacturing sector PMI data in Germany and the US remain in contraction territory, dampening market sentiment, the PMI data for the services sector signals recovery. The contraction in Germany's manufacturing sector is increasing expectations of interest rate cuts from the ECB, while the positive data from the services sector in the US is being closely watched ahead of the Fed's interest rate decision. Important data from the Eurozone, such as Germany's ZEW Economic Sentiment, and Core Retail Sales from the US could also create volatility in the markets.
From a technical perspective, the GBP/USD pair is trading just above the 1.2665 support level. If downward movements continue, the 1.2610 and 1.2565 levels can be monitored as support. For potential upward movements, resistance levels at 1.2698, 1.2755, and 1.2777 should be tracked. The RSI indicator stands at 47, showing a neutral outlook. The pair has declined by 0.07% on a daily basis, which may indicate that negative pressure could continue in the short term.
USD/TRY pair is trading in an environment where emerging market currencies are diverging against the US Dollar. The Turkish Lira is showing a weak performance compared to other currencies such as the Brazilian Real and the Peruvian Sol. Uncertainty in Asian markets and the flow of economic data in the US are increasing the risk aversion trend in global markets. Particularly, fluctuations in the markets may occur due to expectations regarding the Fed's upcoming interest rate decision. In this situation, potential developments concerning the Turkish economy and pressures on the TRY could affect the USD/TRY pair.
Technically, the USD/TRY pair continues its upward movement above the 34.76 – 34.80 support region. In upward movements, the levels of 34.99, 35.065, and 35.11 are monitored as resistance. The RSI indicator is at the 50 level, displaying a neutral outlook. The pair has increased by 0.08% compared to the previous day. As long as there is no sustained movement below the 34.76 level, the upward pressure may continue. However, unless a sustained movement above the 35.11 resistance is achieved, a tendency for consolidation may be observed.
Despite the decline in the manufacturing sector PMI in the US, the services PMI rose more than expected, strengthening the Dollar Index. This situation pressured the recovery efforts of gold. Market participants will closely monitor the retail sales data to be announced during the day. The decline seen in Asian indices and the upcoming Fed monetary policy statement are increasing the tendency to avoid risk in the markets.
Technically, gold is trading below the 2660-2673 resistance zone, which is considered important in the short term. Under the current circumstances, the levels of 2650 and 2640 will be monitored as support. Particularly, the 2650 support, which is backed by the rising trend line, could be critical for the continuation of the downward movement. For upward movements, 4-hour closures above the 2660-2673 zone should be monitored; in this scenario, a movement towards the resistance levels of 2685 and 2693 can be observed. The RSI indicator is at 45, displaying a negative outlook. There is a slight change of 0.07% compared to the previous day.
WTI oil prices are trading sideways with a weak start due to retail sales in China falling short of expectations and the anticipated surplus supply for next year. Besides the weak economic data from China, the Fed's monetary policy statement, which is expected to be announced tomorrow, emerges as a significant development that could affect the markets. The ongoing decline in Asian indexes and the intraday course of U.S. and European stock exchanges are also being monitored. Global economic uncertainties and the cautious outlook in the markets are putting pressure on oil prices.
From a technical analysis perspective, WTI prices could exhibit an upward outlook as long as they remain above the 69.50 – 70.00 support zone. In this case, in a potential rise, the 70.50 and 71.00 resistance levels could be targeted. However, if the prices fall below the 69.50 level, the 69.00 and 68.50 support levels may come into focus. The chart shows the price at the 70.275 level, and considering the 0.36% increase during the day, the RSI indicator presents a neutral outlook. In this situation, price movements are expected to continue to hover near critical support and resistance levels.
Brent crude oil has started the week with a decline due to weak retail sales in China and the discussions of a supply surplus for the next year. Signals of a slowdown in the Chinese economy are lowering global demand expectations, while concerns about supply surplus are limiting price increases. Ahead of the Fed monetary policy statement tomorrow, investors are acting cautiously, and the trend of risk aversion continues. The trajectory of European and US stock markets could direct oil prices during the day.
Technically, Brent crude oil continues to stay above the support zone at the 73.00 – 73.50 levels. In upward movements, the resistance levels of 74.00 and 74.50 can be monitored, while the RSI indicator shows a neutral stance at the 48 level. The -0.04% drop seen on the chart indicates a slight decline compared to yesterday's close. In case of possible declines, if it falls below the 73.00 support, the levels of 72.50 and 72.00 may come into focus. Hourly closings below these levels could strengthen the downward trend.
The NASDAQ100 index gained momentum with the US services PMI rising more than expected. Despite the decline in the manufacturing PMI, the increase in the services sector caused upward movements in the index. The fact that technology giants Apple and Alphabet reached all-time highs had a positive impact on the index. With the strong performances of stocks like Tesla and Broadcom, NASDAQ100 continued its upward trend. Throughout the day, US retail sales data will be closely watched by investors.
From a technical perspective, the NASDAQ100 index finds support in the 22000 – 22100 range on the 4-hour chart. As long as it remains above this level, the positive trend may be maintained. In upward movements, resistance levels at 22500 and 22600 are being monitored, while the RSI indicator is at 70 and shows a positive trend. The index's increase of 0.013% compared to the previous day supports the upward momentum. However, if it falls below the 22000 – 22100 area, support levels at 22400 and 22300 may come into play.
The DAXEUR pair started the week with PMI data from Germany and the US. While the contraction in the manufacturing sector continues, optimism in the services sector is noteworthy. The contraction in Germany is increasing expectations for an aggressive interest rate cut by the ECB, while officials maintain a cautious stance. In the US, the growth rate in the services sector and positive data have turned the market's attention to the Fed's upcoming interest rate decision and Chairman Powell's messages. Additionally, today, Germany's ZEW Economic Sentiment and US Core Retail Sales data will be monitored.
Technically, the DAX40 index maintains its positive trend above the 50-period average at the 20280 level. Resistance levels at 20570, 20660, and 20785 are being watched in the upward trend. Particularly, sustainability above the 20660 – 20700 Fibonacci region could carry the upward trend to the 20960 zone. In downward movements, the 20470 level is a critical support position. The RSI indicator is at 60 and supports the positive bias. It is observed that the index recorded a 0.30% decline during the day.
U.S. natural gas futures continue to remain under pressure due to increasing production and temperature forecasts above seasonal norms. This situation led to profit-taking following last week's marathon. Additionally, the weakness observed in Asian indices and the upcoming monetary policy statement from the Fed increase the risk aversion trend in the markets. Global economic uncertainties and expectations regarding U.S. retail sales are also affecting natural gas markets.
When analyzed on the chart, the NGCUSD pair faces resistance at the 3.04, 3.07, and 3.10 levels on the 4-hour timeframe. If the downward movements continue, the 2.975, 2.95, and 2.91 levels can be monitored as support. The RSI indicator is at the 49 level, presenting a neutral outlook. A 0.25% decline is observed in the pair compared to the previous day, indicating that the downward pressure may continue for a while.
For the EUR/USD pair, markets are in a tense wait ahead of the Fed rate decision and Powell's statements. Construction permits data from the US, and inflation data from the UK and the Eurozone are also being closely monitored. The tightening trend in the dollar index could change with the Fed's decisions. Specifically, expectations regarding a Fed rate cut and PCE inflation projections could influence the direction of the pair.
From a technical perspective, the EUR/USD pair continues to be squeezed between 1.0440 and 1.0600. When the current chart is analyzed on a daily timeframe, it is noteworthy that the pair is following a negative trend by remaining below the 233-period average. The pair is slightly up with a 0.09% increase compared to the previous day. The RSI indicator at level 46 exhibits a neutral trend. In downward movements, the 1.0480 and 1.0440 levels are monitored as support, while in upward movements, the 1.0545 and 1.0600 levels stand out as resistance. If permanence below the 1.0440 support is achieved, it should be considered that the downward movement could deepen.
The GBPUSD pair is experiencing a volatile trend as the Fed interest rate decision and Chairman Powell's statements are awaited. Before the Fed meeting, markets are focusing on inflation data from the UK and the Eurozone, and building permits data from the US. The recent recovery of the dollar index may be putting pressure on GBPUSD. On the UK side, the release of November's inflation figures could also influence the direction of the pair.
From a technical perspective, the GBPUSD pair is showing a tendency to consolidate between 1.2610 and 1.2810 on the daily chart. As long as the pair remains below the 233-period average located in the 1.2773 - 1.2810 range, the negative trend may continue. The RSI indicator is at 48, presenting a neutral outlook. In downward movements, support levels can be observed at 1.2665, 1.2610, and 1.2565, while potential upward momentum might see resistance levels at 1.2718, 1.2755, and 1.2810. Compared to the previous day, there is a 0.09% decline in the pair.
USD/TRY parity is showing an upward trend influenced by the weak performance of the Turkish Lira among emerging market currencies. While the Thai Baht is the weakest currency of the day, the Hungarian Forint stands out as the strongest. The Turkish Lira is observed to be on the weaker side with a drop of 0.07%. Before the Fed's monetary policy statement, which will be announced this evening in the US, a cautious atmosphere prevails in the markets. Expectations of a Fed rate cut could thus be a decisive factor for the USD/TRY parity.
In technical analysis, the USD/TRY parity is attempting to stay above the support at the 34.80 region. In upward movements, the levels of 35.07, 35.15, and 35.23 can be monitored as resistance. The parity is trading at 34.92, showing a 0.15% increase compared to the previous day. The RSI indicator is at 45, showing a neutral outlook. As long as there is permanence above the 34.80 support, upward movements in the parity may continue. However, the possibility of congestion in the 34.80-35.15 range should also be considered.
The stronger-than-expected U.S. retail sales data caused the Dollar Index to move sideways, leading gold prices to follow a limited trend. Throughout the day, the Fed's monetary policy statement will be closely followed by the markets. Consequently, signals the Fed will provide regarding future interest rate decisions and after January could be decisive for gold prices.
From a technical perspective, gold is trading below the 2650 – 2660 resistance zone. As long as it remains below this level, downward pressure might persist, and prices could pull back towards the 2640 and 2633 support levels. The RSI indicator displays a neutral appearance, and the market is indecisive. Four-hour closings above the 2650 – 2660 zone are necessary for an upward movement to occur. In this case, movements towards the 2673 and 2685 resistance levels could be observed. Prices have increased by 0.03% compared to the previous day.
WTI crude oil prices have managed to limit losses following the American Petroleum Institute's announcement of a 4.7 million barrel decline in inventories. However, concerns about China's economic growth and expectations of increased production outside of OPEC+ are exerting pressure on the oil markets. On the other hand, sanctions on Iran and Russia and efforts by OPEC+ are among the factors supporting prices. The Federal Reserve's monetary policy statement this evening could cause new pricing volatility in the markets.
Technically, WTI crude oil prices are maintaining their position below the resistance zone of 69.50 - 70.00. As long as prices remain below this level, downward pressure may continue. In declines, the levels of 69.00 and 68.50 can be monitored as support. The RSI indicator is at 40, showing a negative outlook. If the price recovers, resistance levels at 70.50 and 71.00 may come into play. However, for the upward movement to be sustainable, a solid close above 70.00 is necessary. Currently, the price has shown a decline of 0.11% compared to the previous day.
The oil market is limiting its losses as stockpiles reported by the American Petroleum Institute show a decrease of 4.7 million barrels. However, concerns over China's economic growth and production increase forecasts outside of OPEC+ are putting pressure on oil prices ahead of the Fed's monetary policy statement. Sanctions against Iran and Russia and efforts by OPEC+ emerge as factors supporting oil. In light of these developments, the Fed's interest rate decisions and global economic indicators may be decisive for the near-term direction of the oil market.
Technically, if the price remains below the 72.75 - 73.30 resistance zone on the BRN/USD chart, a downward trend can be expected. In downward movements, the 72.40 and 72.00 levels should be monitored as support. In the event of a potential recovery, if the 73.30 resistance is surpassed, levels of 73.70 and 74.00 could come into play for the continuation of the rise. The RSI indicator is close to the 50 levels and shows a neutral outlook. A slight decrease of 0.10% is observed compared to the previous day. In this context, it can be said that oil prices may vary in the short term according to the monitored levels.
The NASDAQ100 index showed limited pricing following stronger-than-expected retail sales data released in the US. While the increase in retail sales provided positive signals regarding economic activity, a mixed trend among stocks was observed. Technology giants like Nvidia and Broadcom experienced declines, while Tesla's rise was notable. Investors are also closely monitoring the Fed's monetary policy statement and PCE inflation data. The expectation that the Fed will cut interest rates is causing markets to focus on uncertainties about the future.
The chart shows the NASDAQ100 index trading on a 4-hour timeframe. It is observed that the index is trying to stay above the support zone in the 22100 - 22200 range, and as long as declines remain limited within this range, the positive trend could be maintained. In upward movements, resistance levels at 22400 and 22500 could be important. If downward expectations gain strength, support levels of 22000 and 21900 may come into play. The RSI indicator is at 54, showing a neutral outlook. The index has increased by 0.14% compared to the previous day.
Today, we are under the influence of numerous significant economic events, primarily the Federal Reserve's interest rate decision and Chairman Powell's statements. In addition to the Fed, inflation data from the UK and the Eurozone, as well as building permits data from the US, could also create volatility in the markets. In European markets, it is observed that the DAX 40 index remains resilient despite a 0.78% decline in recent days. Following today's developments, there may be curiosity about how the index will respond to fluctuations in global markets.
From a technical standpoint, if the DAX 40 index manages to remain above the 20280-20385 range, where the 50-period moving average is located, it may wish to maintain its positive bias. In upward movements, increases towards the resistance levels of 20470, followed by 20570 and 20700, can be observed. Particularly, if the 20570 level is permanently exceeded, it may indicate a further acceleration in gains. On the downside, the levels of 20385, 20280, and 20185 should be monitored for support. The RSI indicator is at a neutral level, showing a 0.15% decrease compared to the previous day, which may indicate an indecisive market outlook in the short term.
U.S. natural gas futures are rising with increased demand forecasts for the coming week. Despite existing inventories being above seasonal averages, the notion that heating demand may have exceeded expectations is amplifying upward pressure in the market. Alongside the trends in European and U.S. exchanges, the Federal Reserve's monetary policy decisions may also influence natural gas pricing. The Fed's announcements this evening could provide clues about interest rate policies, especially for January and beyond, and affect the markets.
From a technical perspective, the NGCUSD pair is trading above the 3.07 and 3.04 support levels. In upward movements, the 3.125 and 3.15 resistance levels could be targeted. The RSI indicator is currently at 60, showing a positive outlook, which indicates that the upward trend may continue. The pair has declined by 0.63% compared to the previous day. In downward movements, if the 3.07 support is broken, the 3.01 level will be monitored as a significant support point.
The EUR/USD pair depreciated after the Fed implemented the expected quarter-point rate cut and made changes to its economic projections for 2025. The Fed's cautious rate cut policy in response to rising inflation led to a strengthening of the dollar and a decline in the pair. Additionally, expectations regarding the Bank of England's interest rate decision and upcoming economic data from the US could create volatility in the markets. The rise in the dollar index increases the downward pressure on the EUR/USD.
Technically, the EUR/USD pair has retreated toward the 1.033 support level. While 1.039, 1.044, and 1.048 levels are being monitored as resistance for the pair, support points are located at 1.033, 1.0275, and 1.023. The RSI indicator is at 38 and exhibits a negative trend. The pair, which depreciated by 0.29% compared to the previous day, is likely to move within the 1.033 - 1.048 range in the short term. If it moves outside this range, the direction of the pair may be determined more clearly. The current trend observed in the chart is downward.
Despite the Federal Reserve's quarter-point rate cut, the US dollar index saw a strong rise due to the upward revision of future inflation expectations and the reduction in rate cut projections. This increase in the dollar index led to a significant decline in the GBPUSD pair. In addition to the expectation that the Bank of England will keep its interest rate decision constant, upcoming economic data from the US may also impact the pair's trajectory. Notably, the BoE interest rate decision from the UK and Q3 growth data from the US are on investors' radar.
Technically, when examined on the 1-hour chart, the GBPUSD pair is trading below the 1.261 and 1.2665 resistance levels. In downward movements, the levels of 1.2565 and 1.2525 can be monitored as support. The pair is trading at around 1.25870, showing a daily decline of 0.12%. The RSI indicator is at 42, presenting a negative outlook. This suggests that the pair may remain under short-term pressure. As long as it stays below 1.2718, the possibility of continuing the downtrend should be considered.
While differing movements are observed against the US Dollar in emerging markets, the Turkish Lira is also affected by this divergence in the USD/TRY pair. The Federal Reserve's rate cuts and cautious messages regarding future rate policies have led to an increase in the dollar index. This situation has increased pressure on the TL, causing the pair to trade near the level of 35.04. Developments in external markets, particularly the Federal Reserve’s interest rate decision and US economic data, continue to exert influence on the TL.
From a technical perspective, the USD/TRY pair is trading around the 35.03 level. In the upward movement of the pair, the resistance levels of 35.07, 35.12, and 35.19 are important. In downward movements, the levels of 34.99, 34.9, and 34.84 can be observed as support levels. The RSI indicator is at 56 and presents a positive outlook. The pair shows a relatively flat trend with a 0.03% change compared to the previous day. As long as it stays above the 34.84 level, which is the lower point of the Envelope indicator, the pair has the potential to maintain its optimistic momentum.
The US Federal Reserve (Fed) implemented a 25 basis point interest rate cut, taking a step in line with market expectations. However, its reduction in the projected number of rate cuts for 2025 was interpreted by the markets as a hawkish stance, leading to an increase in the dollar index. These developments caused the value of gold to decline to its lowest levels in a month. In the coming days, data such as the US growth rate, deflator, and unemployment claims can be closely monitored.
From a technical perspective, gold is trading around the 2605 support in the 4-hour chart. Gold prices might continue their downward movement and test the 2597 and 2590 support levels. For an upward recovery, the resistance levels of 2612, 2620, and 2633 need to be surpassed. The RSI indicator is at the 40 level, presenting a negative outlook. A decrease of 0.72% is observed compared to the previous day. In this case, it can be said that gold may remain under downward pressure in the short term.
Oil prices are showing a declining trend even though the Fed cut interest rates, as expectations for fewer rate cuts in 2025 strengthen the dollar. Expectations of increased production outside OPEC are also putting pressure on prices. The U.S. Energy Information Administration's announcement of a 900,000 barrel decrease in inventories failed to make a significant impact on the market. The trajectory of European and U.S. stock markets could influence the direction of oil prices.
WTI prices are finding support at the 69.4 and 69 levels, with resistance levels being monitored at 70 and 70.5. During intraday price movements, it is trading at the 69.515 level. The RSI indicator, with a positive trend, is at the 53 level. Oil prices, which have increased by 0.46% compared to yesterday's close, may remain under downward pressure unless there is movement above the 70 resistance. If prices surpass the 70 resistance, a recovery up to the 71 level could be observed.
Oil markets are under the influence of a sharp rise in the dollar due to the Fed's projection of fewer rate cuts next year, despite the recent rate cut. This situation creates downward pressure on oil prices. Additionally, expectations of an increase in non-OPEC production further intensify the downward pressure on prices. Although the U.S. Energy Information Administration's announcement of a decline in inventories provides some support, oil prices are generally on a downward trend alongside weakening demand.
According to technical chart analysis, the BRN/USD pair is trading below the 72.75 – 73.00 resistance zone. If the downward movements continue, the levels of 72.4, 72, and 71.5 can be monitored as support. In the event of an upward momentum, the resistance levels of 72.75 and 73.00 should be noted. On the daily chart, the RSI indicator is at the 49 level, presenting a neutral outlook. The pair shows signs of slight recovery with a 0.23% increase compared to yesterday's close. However, overall downward pressures persist.
The NASDAQ100 index experienced a notable decline following the Federal Reserve's monetary policy announcements. The Fed's 25 basis point rate cut and expectation of two rate cuts for 2025 were perceived by the markets as a hawkish stance. This led to an increase in the U.S. 10-year bond yield, exerting pressure on the NASDAQ100. Additionally, the dollar index rose, causing a loss of value in opposing assets. Economic indicators, such as U.S. growth and unemployment data, continue to be closely monitored.
From a technical perspective, the NASDAQ100 index is trading near the 21,400 support level. As long as the downward movements continue, the 21,300 and 21,200 levels may be tested. To see an upward recovery, it is necessary to overcome the resistance levels at 21,500, 21,600, and 21,700. In the daily chart, the RSI indicator is at 44, presenting a negative outlook. A 0.21% increase compared to the previous day is observed, indicating a limited recovery effort.
DAXEUR is under the influence of selling pressure in global stock indices following the Fed's quarter-point rate cut and upward revisions in inflation projections. The Fed's more cautious rate cut approach and the strengthening of the dollar index increase the pressure on DAXEUR. This situation reduces investors' risk appetite, leading to declines in stock indices. Additionally, global developments such as economic data from the U.S. and the upcoming meeting of the Bank of England are among the important factors that can influence the market's direction.
From a technical perspective, DAXEUR is in a decision stage between the 50 and 100-period moving averages. If sustainability above the 20385 resistance level cannot be achieved, the 20185 and 20095 support levels may be tested. In upward movements, the 20280 and 20385 resistance levels should be monitored. The RSI indicator is at level 55, displaying a positive trend. It is observed that the index has increased by 0.40% on a daily basis. Sustaining upward momentum will be crucial for a move toward the 20700 region.
U.S. natural gas futures are supported by optimistic expectations regarding export sales and a potentially flexible stance from the Trump administration on export restrictions. The Federal Reserve's recent interest rate cut and cautious economic projections have led to an appreciation of the dollar, while fluctuations may also be observed in opposing assets like natural gas. Developments in European and U.S. stock markets and inventory data to be released by the U.S. Energy Information Administration could impact natural gas pricing.
From a technical perspective, the NGCUSD pair finds support at levels 3.125, 3.100, and 3.070 on the daily chart. For upward movements, resistance levels at 3.185, 3.215, and 3.260 should be considered. The RSI indicator is at level 66, exhibiting a positive outlook. The pair has recorded a 1.37% increase compared to the previous day, suggesting that the upward trend might be maintained. However, attention should be paid to the variability of fundamental data and market dynamics.
The EUR/USD pair is trading in a period expected to be calm, as global markets experience a slower week due to the Christmas holiday. The release of significant economic data, especially from Europe and the US, may influence the pair's volatility. A holiday mood and dormancy are anticipated in the markets following the interest rate decisions by the ECB, Fed, BoE, and BoJ. However, growth data from the UK and Canada, along with durable goods orders and unemployment claims from the US, could potentially create movement in the pair. The weakening trend observed in the dollar index may support potential rises in the EUR/USD pair.
From a technical perspective, the EUR/USD pair is trading close to the 1.048 resistance level on the daily chart. If the pair surpasses this level, movement towards the 1.0545 level might be observed. On the downside, the 1.0385 and 1.033 support levels are significant. Notably, the 1.033 support level is being monitored as a critical level. The RSI indicator is currently in a neutral position at the 49 level, indicating an indecisive course for the pair. It is noted that the pair registered a 0.12% decrease compared to the previous day. In light of this data, it is considered that the EUR/USD pair may experience fluctuations between the specified support and resistance levels in the short term.
We are entering a week expected to be calm in the markets due to the Christmas holiday. Economic indicators such as the upcoming growth data from the UK and durable goods orders from the US could impact price movements. However, it should be noted that such data might have a limited effect on traders due to the Christmas holiday mindset. As the weak response and strong trend theme continue on the Dollar Index, this situation might also influence the movements of the GBP/USD pair.
Looking at the chart, we can say that the GBP/USD pair is trading in a 1-hour time frame. The pair continues to trade below the strong resistance level of 1.2610, and the current negative trend may persist as long as there is no sustained move above this resistance level. Levels of 1.2565, 1.2525, and 1.2485 are being monitored as support. The RSI indicator is at 45, and the market exhibits a slightly negative outlook. If the pressure on the pair continues, testing the 1.2485 level could be an important indicator of whether the current trend will continue. The pair has experienced a 0.09% decline compared to the previous day.
The USD/TRY pair is moving with the effect of the Christmas holiday in global markets and the anticipation of the CBRT's Monetary Policy Decisions. The Dollar/TL may exhibit TL-based partial mobility in line with the CBRT's interest rate decision and the messages it will deliver for the future. Looking at the performance of developing country currencies against the US Dollar, we see that the Turkish Lira has a neutral stance. The pair is trading near the level of 35.19 and may remain at these levels due to developments in the domestic market.
Technically, USD/TRY is trading above the 34.98 support level on the 4-hour chart, and staying above this level may allow for the continuation of upward movement. In upward movements, resistance levels at 35.21, 35.28, and 35.33 should be monitored. If the pair stays permanently above the 35.33 level, it could strengthen its current trend-oriented movement. The RSI indicator is at the 48 level, displaying a neutral outlook. Considering a 0.12% decline compared to the previous day, the pair may show a tendency to consolidate in the 34.98 – 35.33 range.
The fact that the PCE inflation announced in the US was below expectations led to a weakening in the dollar index, which supported the recovery efforts of gold. The positive start of the Asian markets and the increase in consumer confidence in the US, painting an optimistic picture, are boosting risk appetite in global markets. Additionally, finding a temporary solution to the debt ceiling issue in the US is also reflecting positively on the markets. However, the release of CB consumer confidence data and the course of European and US stock exchanges could affect the direction of gold.
Technically, as long as the XAU/USD pair remains below the resistance levels of 2633.00 – 2640.00, there seems to be an impression of ongoing downward pressure. In intraday declines, the levels of 2612.00 and 2605.00 can be monitored as support. The chart is being monitored on an hourly timeframe, with the RSI indicator at level 53, showing a neutral outlook. The pair has risen by 0.22% compared to the previous day. For an increase in upward potential, pricing above the 2640.00 level and hourly closings are important. In this scenario, the levels of 2650.00 and 2660.00 could emerge as resistance.
Oil futures began to show an upward trend following the PCE inflation data released on Friday, which supported the possibility of an interest rate cut by the Fed at its March meeting. Additionally, Trump's warning that Europe needs to purchase large-scale oil and natural gas from the US to balance trade with America also contributed to this rise. It is noted that the course of European and US stock markets may also impact oil pricing.
In the WTIUSD chart, as long as prices remain above the 69.70 support, the upward movement continues. The resistance levels of 70.00 and 70.50 are closely monitored during the rises. However, in a decline scenario, closures below the 69.40 support might bring the levels of 69.00 and 68.50 into focus. The RSI indicator is at the level of 56, displaying a neutral outlook. Currently, there is a daily decrease of 0.65% in WTIUSD.
Brent crude gained positive momentum after the PCE inflation data in the US fell below expectations, supporting the probability of a rate cut in the Fed's March meeting. This situation gave an upward momentum to oil prices. Additionally, statements by Trump suggesting that Europe needs to buy large amounts of oil and natural gas to maintain trade balances are also putting upward pressure on prices. Movements in European and US stock exchanges continue to be an important indicator for the course of oil prices.
From a technical perspective, Brent is maintaining an upward outlook by holding above the support levels of 72.75 and 72.40. As long as it stays above these levels, the resistance levels of 73.30 and 74 can be targeted. As shown in the chart, the RSI indicator is just below the 50 level and exhibits a neutral trend. If it falls below the 72.40 level, the 72 and 71.50 levels can be monitored as support, respectively. Oil prices show an increase of 0.52% compared to the previous day.
The NDX/USD pair is entering a period in December where lower trading volumes are expected in the markets due to the Christmas holiday. However, growth data from the UK and Canada, along with key data from the US such as durable goods orders and unemployment claims, could create volatility in the markets during this period. With Asian markets starting the week positively and US PCE inflation falling below expectations, a generally optimistic atmosphere prevailed, leading to positive closings in US indices. However, the attention is drawn to the fact that US index futures started the week with losses. This scenario, combined with global economic data, may influence the direction of the indices.
Technically, as long as the NASDAQ 100 index stays above 21600, it seems to have the potential to continue its upward trend. Staying above the 21 and 89-period moving averages indicates that the index could move towards resistance levels of 21800, 21900, and 22000. However, if movements below these levels are observed, pullbacks towards support levels of 21500 and 21400 may be possible. The RSI indicator is at the level of 192.1 and presents a positive outlook. It is also important to note that the index gained 0.90% in value compared to the previous day. This situation could indicate the continuation of a possible upward trend.
The DAXEUR pair may exhibit a calm trend as the new year approaches following the decisions of global central banks. Due to the Christmas holidays in Europe and the USA, it might be a low-volume week in the markets. Growth data from the UK and Canada, as well as data from the US such as durable goods orders, new home sales, and unemployment claims, are expected to be announced. However, due to the holiday season psychology, the impact of these data on the markets may remain limited.
From a technical perspective, the DAX40 index is trading below the resistance zone of 20095 - 20280. Remaining below the 50 and 100 period moving averages indicates that the index is trying to align with a negative expectation. In downward movements, the 20000 and 19900 levels can be monitored as support, with 19800 standing out as the main support zone. The RSI indicator is around 40 levels and shows a negative outlook. For the index to return to a positive trend, it needs to make sustained movements above the averages; in such a case, the 20650 level might come into play again. The index is displaying a horizontal trend, with a 0.05% decrease compared to the previous day.
US natural gas futures are maintaining an upward trend due to increasing global demand expectations and risks to Europe's energy supply from Russia. Trump's warnings for increased natural gas and oil purchases from Europe also support prices. Additionally, the PCE inflation in the US falling below forecasts puts pressure on the dollar while increasing interest in commodities like natural gas. The trend in European and US stocks should be monitored throughout the day.
Technically, as long as the NGCUSD pair manages to stay above the 3.400 – 3.430 support levels, the possibility of an upward movement persists. Holding above these levels could target the 3.535 and 3.580 resistance levels. However, in the event of a potential decline, breaking the 3.400 – 3.430 support could bring the 3.370 and 3.330 levels into focus. The RSI indicator is displaying a positive outlook, supporting a possible rise. It is observed that there is strong upward momentum in the pair with a 3.44% increase compared to the previous close.
The EUR/USD pair is being closely monitored ahead of the core PCE data, which is the Fed's preferred inflation indicator. The Fed's upward revisions in PCE inflation and the slowdown in rate cuts had previously put pressure on the dollar. The PCE data to be released today could play a significant role in the trajectory of the dollar index and currency pairs. These critical developments in global markets are drawing the attention of market players and putting pressure on the European currency.
Technically, the EUR/USD pair is trading near the 1.033 support level. In upward movements, the 1.039 and 1.044 levels can be monitored as resistance, while below 1.033, the 1.028 and 1.023 levels are followed as support. The RSI indicator is at the 40 level and shows a negative outlook, indicating that the selling pressure could continue. The pair has shown a slight decrease of 0.02% compared to the previous day.
The GBP/USD pair is moving with a focus on US economic data and Fed policies, which will have a significant impact on the markets, as it waits for the release of the PCE data, which is the Fed's inflation indicator. The dollar index continues to rise with the slowdown in the Fed's rate cut appetite and the upward revision in inflation expectations. This situation could put pressure on the pound. While markets closely monitor the Fed's stance on PCE inflation, forthcoming US economic data and their impact on monetary policy will be decisive for the direction of the pair.
Technically, the GBP/USD pair is trading just above the 1.2485 level, and it is observed that if it remains below this level, selling pressure may increase. In downward movements, the 1.2445 and 1.24 support levels should be monitored. In the event of an upward recovery, the 1.2525, 1.2565, and 1.261 resistance levels should be followed. The RSI indicator is around the 40 levels, exhibiting a negative outlook, which indicates that the pair remains under downward pressure. The pair has recorded a decrease of 0.14% compared to the previous day.
On a day when the currencies of emerging countries diverged against the US Dollar, the USD/TRY pair draws attention with the weak performance of the Turkish Lira. While the Philippine Peso is the strongest currency, the Turkish Lira is on the weaker side with a 0.18% loss. In global markets, uncertainty prevails ahead of the Fed's preferred PCE inflation data, while the US Dollar is observed to maintain its strong trend. This supports an upward bias in the USD/TRY pair.
From a technical standpoint, the USD/TRY pair is trading at 35.16. The resistance levels in the upward movement of the pair are observed at 35.19, 35.27, and 35.35. The support areas below are highlighted at 35.10, 34.99, and 34.91. The RSI indicator stands at 55, presenting a neutral outlook. The pair has increased by 0.16% compared to the previous day. As long as the pair remains above the 34.91 support level, the continuation of upward movements can be anticipated.
The growth data from the US surpassing expectations at 3.1% led to an increase in the Dollar Index and exerted pressure on gold prices. This weakened the safe haven demand for gold and shifted investors' attention to inflation indicators such as the core PCE price index. Inflation data from Japan, closely followed by Asian markets, increased expectations for BoJ's rate hike. US indices closed nearly flat, and the Dollar Index is trading at its highest levels since November 2022.
Technically, the XAU/USD pair is trading below the 2612 – 2620 resistance zone on the 4-hour chart, maintaining downward pressure. The current level of the pair is around 2600.84. In continuation of downward movements, support levels of 2590 and 2580 may be observed. For upward movements, breaking through resistance levels at 2605, 2612, and 2620 is necessary. The RSI indicator is at 54, showing a neutral outlook. While a 0.24% increase is observed compared to the previous day, these technical levels may be decisive for the pair's short-term direction.
WTI crude oil prices are trending downward due to the strengthening dollar post-Fed, weak demand expectations from China, and forecasts of increased production outside of OPEC+. Throughout the day, the PCE inflation data, which can influence the dollar alongside the performance of European and US stock markets, is being closely monitored. This may lead to a volatile pattern in oil prices. Particularly, the cautiously positive trend in Asian markets and Japan's inflation data are being closely watched amid global economic uncertainties.
Technically, when examining the WTIUSD chart on an hourly timeframe, it is seen that prices are trading at the 68.865 level. As long as prices remain below the 69.4 - 69.7 resistance zone, it can be said that the downward pressure may continue. In such a scenario, the 68.5 and 68.0 support levels may emerge as potential targets. The RSI indicator is at the 45 level, displaying a negative trend. There has been a 0.23% decline compared to the previous day, indicating a potential short-term weakness in prices.
Oil prices remained under pressure due to the strengthening dollar following the Fed, expectations of low demand from China, and predictions of increased production outside of OPEC+. Global markets are closely monitoring the cautious course of Asian indices and the upcoming PCE inflation data from the U.S. The inflation data from Japan signals possible changes in the BoJ's interest rate policy. Meanwhile, U.S. indices are moving sideways, and the U.S. 10-year Treasury yields are at high levels.
From a technical perspective, when the BRNUSD chart is analyzed on an hourly timeframe, a downward trend might be prominent as long as the price remains below the resistance levels of 72.40 - 72.75. In potential pullbacks, the support levels of 71.50 and 71.00 might be targeted. The RSI indicator is at 40, showing a negative outlook. In the pair, which declined by 0.43% compared to the previous day, if there are upward movements, the levels of 73.00 and 73.30 may come into focus if the resistance zone of 72.40 - 72.75 is surpassed.
The NASDAQ100 index continues to be under pressure due to the pricing effects following the Fed's monetary policy statement. The growth rate surpassing expectations and the 10-year treasury bond yields rising to levels seen in May are creating a negative impact on the index. The change in the core PCE price index, which will be announced today, may influence market perception. While cautious optimism prevails in Asian markets, U.S. index futures are experiencing a predominantly selling trend.
Technically, the NASDAQ100 index is trading below the 21600 - 21700 region, supported by the 21-period exponential moving average. In downward movements, the 21200 and 21100 levels are monitored as support, while the behavior of the 233-period exponential moving average in this area could be significant. The RSI indicator shows a negative trend at the 40 level. For the index to enter an upward trend, it needs to rise above 21700 and remain stable at this level. However, a short-term decline of 0.69% indicates that the downward trend may continue.
The DAXEUR pair is demonstrating cautious movement in global markets ahead of the PCE data, which is the Fed's inflation indicator. The strengthening of the dollar due to the Fed's upward revision of PCE inflation forecasts creates uncertainty in other markets. The cautious trend in Asian indices and inflation data from Japan bring the possibility of a BoJ rate hike into focus. In the U.S., the release of the PCE inflation data has the potential to influence the Fed's interest rate policies, which could be decisive in how global indices close the week.
From a technical analysis perspective, the DAX40 index is priced below the 50 and 100-period moving averages, indicating that the index is trying to adapt to a negative trend. Staying below the resistance zone of 20,095 - 20,280 could lead to continued pressure. Support levels are observed at 20,000, 19,900, and 19,800. The RSI indicator shows a neutral trend at the 54 level, while the index has experienced a 0.54% decrease. For recovery movements to be successful, sustained movements above the averages are necessary; otherwise, pressure may continue.
U.S. natural gas futures continue to rise with expectations of increased global demand and statements from the U.S. Energy Information Administration about declining stocks. This situation is supported by the decrease in inventories for the fifth consecutive week. Additionally, developments in U.S. and European stock markets may also impact natural gas pricing. The cautious stance of Asian indices prior to inflation and inflation data from Japan could indirectly affect natural gas demand.
When examining the NGCUSD pair on a 4-hour chart timeframe, it is observed that pricing is trying to hold above the support levels of 3.295 and 3.26. Upward movements might continue towards resistance levels of 3.37 and 3.4. The RSI indicator is at the 50 level, presenting a neutral outlook. In the pair, which shows a slight decrease of 0.06% compared to the previous day, the level of 3.215 might come into focus if it falls below the support levels.
Rising Nasdaq indices in the US markets and Asian markets following this increase are supporting the optimistic atmosphere in global markets. After profit-taking in the dollar index, an upward trend is being observed again. This situation may influence the movements of the GBPUSD pair. Due to the high levels of US bond yields, markets are reconsidering the Fed's interest rate cut expectations. Meanwhile, the negative performance of the Richmond Manufacturing Index continues, but there is hope for improvement in the future.
Technically, the GBPUSD pair is struggling to surpass the 1.2610 resistance in the short term. The current negative trend may lead the pair to move towards the 1.2525 and 1.2485 support levels. The 1.2485 level, in particular, could be decisive in determining whether the pair remains in the negative trend. The RSI indicator is at the 40 level, exhibiting a negative outlook. The pair has shown a very slight change of 0.01% compared to yesterday's level. It should be noted that sustained movements above the 1.2610 resistance are necessary for an upward recovery.
Due to the holiday period in Europe and the US, a low trading volume is observed in the markets on the first day of the week. The ongoing pressure on the EURUSD pair is affected by the rise in the US dollar index and the subsequent profit-taking. The dollar index is in search of a new direction by monitoring the reaction within the 108.20 – 108.50 range. Meanwhile, the Asian markets tracking the rise in the US and the support from the merger news of Japanese automotive giants increase optimism in global markets. However, the negative situation of the Richmond Manufacturing Index in the US creates a limited impact on the pair.
From a technical perspective, the EURUSD pair continues its negative trend by remaining below the 1.0480 level. On the daily chart, levels of 1.0385 and 1.0330 are monitored as support. Breaking the 1.0330 level in the pair could bring up the notion of 1 Euro equating to 1 Dollar. In upward movements, the resistance levels of 1.044 and 1.048 are being monitored. The RSI indicator is at the 40 level, displaying a negative outlook. The pair's 0.11% decline compared to the previous day indicates that the selling pressure continues.
Rising Nasdaq indices in the US markets and Asian markets following this increase are supporting the optimistic atmosphere in global markets. After profit-taking in the dollar index, an upward trend is being observed again. This situation may influence the movements of the GBPUSD pair. Due to the high levels of US bond yields, markets are reconsidering the Fed's interest rate cut expectations. Meanwhile, the negative performance of the Richmond Manufacturing Index continues, but there is hope for improvement in the future.
Technically, the GBPUSD pair is struggling to surpass the 1.2610 resistance in the short term. The current negative trend may lead the pair to move towards the 1.2525 and 1.2485 support levels. The 1.2485 level, in particular, could be decisive in determining whether the pair remains in the negative trend. The RSI indicator is at the 40 level, exhibiting a negative outlook. The pair has shown a very slight change of 0.01% compared to yesterday's level. It should be noted that sustained movements above the 1.2610 resistance are necessary for an upward recovery.
The USD/TRY pair is exhibiting a partial upward trend influenced by the Christmas holiday effect in global markets and the upcoming Monetary Policy Decisions of the Central Bank of the Republic of Turkey (CBRT). The Turkish Lira, being one of the emerging market currencies, is showing weak performance against the US Dollar. When compared to other currencies like the Hungarian Forint and the Thai Baht, it is observed that the TL shows a weak outlook. The pair is trading close to the 35.25 level and uncertainties regarding the TL persist.
From a technical perspective, the 35.21 level is monitored as support in the USD/TRY pair, while maintaining above this level suggests the potential for the pair to move towards resistances at 35.29, 35.37, and 35.45. As long as it remains above the lower point of the Envelope indicator at 35.21, there is a possibility for the trend to continue optimistically. The RSI indicator stands at 52, presenting a neutral outlook. The pair has increased by 0.19% compared to the previous day. If it fails to maintain above the 35.37 resistance, the pair may exhibit a tendency to consolidate within the range of 35.02 – 35.37 for a while.
The ounce of gold remains under pressure due to the rise in the dollar index. While the rise in the Nasdaq index in the US reflects positively on Asian markets, it is noteworthy that markets are displaying optimism towards the end of the year. However, uncertainties regarding the Fed's interest rate policies and the bond markets' efforts to adapt to the high interest rate environment are affecting gold prices. The Richmond Manufacturing Index remaining in negative territory indicates weak economic activity, which keeps safe-haven demand limited.
Technically, the ounce of gold is moving below the resistance level of 2625.00 – 2633.00. As long as it stays below this level, a downward movement appears more likely. In potential pullbacks, support levels of 2612, 2605, and 2597 can be monitored. In upward movements, if the 2633 resistance is surpassed, targets of 2640 and 2650 levels are considered. The RSI indicator is at around 50, displaying a neutral outlook. A 0.27% increase has been recorded compared to the previous day.
The WTIUSD pair, after showing some recovery before the Christmas holiday, appears to be under pressure again during the Asian session. Although global oil demand expectations seem positive in the short term, concerns about an oversupply in 2025 are putting pressure on prices. The trajectory of European and US stock markets could be a decisive factor for oil prices. The Asian indices following the positive sentiment in the US could be considered a potential support element for oil prices. However, the continued negative territory of the US Richmond Manufacturing Index increases economic uncertainties.
In technical analysis, the WTIUSD pair is trading below the 69.40 - 69.70 resistance level. During intraday trading, the 69.00 and 68.50 support levels may be significant. The RSI indicator is at the 47 level, showing a neutral market trend. A 0.17% decrease is notable on a daily basis. Unless the 69.40 – 69.70 resistance is surpassed in potential upward movements, the downside potential may persist. However, if the price rises above the 69.70 level and makes hourly closings there, the 70.00 and 70.50 resistance levels may come into play.
Oil prices are finding it difficult to carry the recovery momentum it gained before the Christmas holiday into the Asian session. Despite short-term positive demand expectations, concerns about a supply surplus, especially for the year 2025, are exerting pressure on prices. The course of European and US stock markets today may influence oil pricing. Although a rise is observed in Asian indices due to positive sentiment in the US, US futures indices are trading flat. The upward trend in the dollar index stands as a negative factor for oil prices.
On the chart, oil prices are trading at the level of 72.585. In downward movements, the levels of 72.00, 71.50, and 71.00 stand out as support. In upward movements, the levels of 72.75, 73.00, and 73.30 can be monitored as resistance. The RSI indicator is at the level of 46, and the market exhibits a neutral outlook. As long as the prices remain below the 72.75 resistance, the downward trend is likely to continue. A decline of 0.04% in prices compared to the previous day is observed.
The Nasdaq100 index maintains its upward trend with optimism following positive data from the U.S. and the post-Christmas holiday mood in the markets. A 1% rise on the Nasdaq in the U.S. has also created a positive atmosphere in Asian indices, while the U.S. 10-year bond yields hovering at 4.58% is noteworthy. The dollar index is showing a tendency to rise again following profit-taking. Despite the Richmond Manufacturing Index remaining in negative territory, recovery signals support optimism. Positive impacts of the Honda and Nissan merger news are also seen in Asian markets.
Technically, if the index continues to stay above the 21600 - 21700 levels, it may move towards the resistance levels of 21800, 21900, and 22000. Its permanence above the support levels of 21700 and 21600 is crucial. The RSI indicator on the chart is around 52 and displaying a neutral outlook. The index has recorded a 0.10% increase compared to the previous day, indicating a slightly positive market trend.
The DAXEUR parity is drawing attention with limited trading volume influenced by the holiday period in the European and US markets. The positive trend observed in Asian markets is affected by the rise in the US Nasdaq index. While the Richmond Manufacturing Index from the US remains in negative territory, year-end optimism is notable in the markets. However, expectations that the Fed plans to reduce interest rates less are limiting profit-taking in the markets.
From a technical perspective, the DAX40 index is trading below the resistance levels of the 20095 – 20280 range. As long as it remains below these resistance levels, the index may continue to pull back towards the support levels of 20000 and 19900. Selling pressure may persist up to the main support area, which is at the 19800 level. For the index to regain a positive outlook, it will need to rise above the 50 and 100 period moving averages. The RSI indicator is at the 45 level, exhibiting a neutral trend. A decline of 0.33% was recorded yesterday.
U.S. natural gas futures are in a recovery trend after experiencing profit-taking due to moderate global demand. Some of the losses during the Asian session have been reclaimed, and the heating demand in the U.S., expected to rise until mid-January, is also supporting prices. During this process, the trend of European and U.S. stock markets is among the key factors that could affect natural gas prices. The positive market expectations in the U.S. and the trend of bond yields continue to be monitored for their impact on natural gas demand.
From a technical perspective, the NGCUSD pair is observed on the hourly chart. Prices are maintaining above the support levels of 3.37 and 3.33, presenting a positive outlook for the continuation of upward movement. As long as these levels are maintained, the resistance levels of 3.43 and 3.47 can be targeted. In the event of a downward movement, the levels of 3.33 and 3.295 should be monitored as significant support zones. The RSI indicator is at 65, presenting a positive outlook. Compared to the previous day, the change of +0.65% indicates an upward momentum.
The EUR/USD pair is following a calm trajectory due to the ongoing Christmas holiday in Europe and the New Year holiday sentiment. The unemployment benefits applications data to be released from the U.S. today may create short-term effects on the direction of the pair. The limited trading volume in global markets plays a decisive role in the movements of the pair. The recent movements of the Dollar Index and positive news from China are among the factors influencing the general market sentiment.
Technically, the EUR/USD pair is facing a short-term resistance at the 1.044 level. If the pair fails to hold above this level during its rise, the support levels of 1.0385 and 1.0330 could be tested. The RSI indicator is at the 45 level on the 1-hour chart, displaying a neutral outlook. A 0.10% decline compared to the previous day is observed in the pair. In potential upward movements, monitoring the resistance levels of 1.048 and 1.0545 will be important. However, in the overall outlook, the pair may continue to remain under pressure.
The GBP/USD pair is moving with the year-end holiday psychology in global markets amidst the ongoing Christmas holiday in Europe and limited macroeconomic data flow. The Jobless Claims data from the United States will be the key data to watch for the day. The weakness in the dollar index could also influence the GBP/USD pair. During this period of low liquidity in global markets, the pair may continue its volatile course.
From a technical perspective, the GBP/USD pair is trading below the resistance levels of 1.2610 and 1.2665, exhibiting a short-term negative trend. On the downside, the support levels of 1.2525 and 1.2485 are of critical importance. The 1.2485 level of the pair could play a decisive role in the direction of the trend. The RSI indicator, at the level of 45, displays a negative outlook. It is observed that the pair has experienced a slight decline compared to the previous day. In the short-term outlook, maintaining sustained movements above the resistance levels is necessary to transition into an upward trend.
The USD/TRY pair is focused on the Central Bank of the Republic of Turkey's (CBRT) Monetary Policy Decisions in global markets dominated by a holiday psychology due to Christmas. While the dollar generally exhibits a strong trend against emerging market currencies, the Turkish Lira is displaying a weaker performance compared to other currencies. Notably, it stands out among other currencies such as the Brazilian Real and the Philippine Peso with a 0.17% depreciation. In this context, the USD/TRY pair is trading close to the 35.28 level, and market participants are closely monitoring expectations for a rate cut by the CBRT.
According to chart analysis, the USD/TRY pair may find support at the 35.21, 35.10, and 35.02 levels in the short term, while upward movements are watched with resistance at the 35.30, 35.38, and 35.45 levels. The pair is hovering near the 35.30 resistance, and as long as it remains above the Envelope indicator's lower point of 35.04, there is potential for upward movement. The RSI indicator, near the 70 level, indicates a positive trend, suggesting that upward movements may continue in the short term. The pair is up 0.29% compared to the previous day, and technically, unless it sustains above the 35.38 level, it is likely to be trapped in a narrow range.
After the Christmas holiday, ounce gold tested above the $2625 level due to the depreciation of the dollar index. The recovery trend in Asian indices following the holiday and China's economic measures created a positive atmosphere in global markets, while the weakening dollar also contributed to the appreciation of gold. In the U.S., jobless claims along with the trajectory of European and U.S. markets could also affect gold pricing.
Technically, as long as ounce gold remains below the 2625.00 - 2633.00 resistance zone, it may display a downward trend. In possible declines, the 2612.00 and 2605.00 levels can be monitored as support. In a recovery trend, trading above the 2633.00 resistance and hourly closings may be necessary for the continuation of the rise, and in this case, the 2640.00 and 2650.00 levels could be targeted. The RSI indicator is at the 60 level and shows a positive trend, noted with a 0.42% rise compared to the previous day.
WTI crude oil continues to maintain its gains ahead of stimulus news from China and U.S. inventory data. The Chinese government's provision of bond flexibility to local governments and keeping interest rates steady are factors positively affecting the oil markets. In the U.S., crude oil inventories are expected to decline for the fifth consecutive week, which is creating upward pressure on oil prices. The recovery of Asian indices post-holiday and the weakening of the dollar index are also supporting oil prices.
When examining the WTIUSD chart on a 4-hour time frame, it can be observed that the price continues to stay above the 70.00 support level. In upward movements, 70.50, 71.00, and 71.50 resistance levels stand out as important areas to watch. If the price decreases, the levels of 69.70, 69.40, and 69.00 can be monitored as potential support points. The RSI indicator is at level 55, displaying a slightly positive trend. The price showing a 0.19% increase compared to the previous day indicates the potential continuation of the upward movements.
Oil prices continue to find support amid stimulus news from China and expectations that crude oil inventories in the U.S. will decline for the fifth week. The Chinese government's efforts to stimulate economic activities and the drop in U.S. stocks help maintain prices at high levels. The recovery in Asian markets and the weakening dollar also strengthen the positive sentiment on oil.
Technically, BRNUSD is trading near the 73.00 level. As long as it stays above the 72.75 – 73.00 support zone, the upward movement seems possible. The 73.70 and 74.00 levels can be followed as resistance. The RSI indicator is at the 50 level, showing a neutral outlook. It has been observed that there was a 0.15% increase during the day. In case of possible pullbacks, if the 72.75 support level is breached, the 72.40 and 72.00 levels may come into focus.
The Nasdaq100 index is drawing attention as global markets show signs of recovery following the Christmas holiday. During this period when European markets are on holiday, new unemployment claims data from the U.S. could determine the market's direction. Economic stimulus news from China, in particular, is having a positive impact on Asian markets, and U.S. index futures are also trending upwards. In light of the day's economic data and the post-holiday recovery trends in the markets, the year-end performance of Nasdaq100 is a matter of considerable interest.
Technically, the Nasdaq100 is currently trading above 21800, maintaining its short-term positive outlook. If the index continues to rise, it could test the first resistance level of 22100. Sustained movements above this level suggest momentum could build towards the 22200 and 22300 resistances. The RSI indicator is displaying a positive outlook, and the index has recorded a 0.23% increase compared to the previous day. In the event of potential pullbacks, the support levels of 22000, 21900, and 21800 should be monitored. Especially persistent movements below the 21800 level could bring the risk of a new pullback towards the 21200 level into focus.
The DAXEUR pair exhibited limited movements influenced by data flow from the United States during a period when European and U.S. markets were largely closed due to the Christmas holiday. While Asian markets showed a recovery trend post-holiday and economic stimulus news from China created a positive atmosphere in global markets, trading volumes remained low due to most European markets being closed for the holiday. This situation also had a limited impact on DAXEUR.
From a technical perspective, the DAXEUR index remains below the 20095 - 20280 resistance zone, exhibiting a negative outlook. There is potential for the index to pull back to the 20000 and 19900 levels, while pressure towards the main support zone at the 19800 level is expected to continue. The RSI indicator is at 47, showing a neutral trend. For the index to initiate an upward movement, it needs to rise above the 20280 level and remain there. There is a 0.33% decrease compared to the previous day.
U.S. natural gas futures continue to gain value with expectations that global demand will remain strong and due to an upcoming cold wave. The course of European and U.S. markets during the day may affect natural gas pricing. While a recovery trend is observed in Asian markets after the holiday, the weakening of the dollar could provide indirect support to natural gas prices. Announcements regarding local government projects in China have created a positive atmosphere in the markets.
Technically, there is an upward outlook in the NGCUSD pair. As long as it remains above the 3.360 – 3.400 support zone, the potential for an increase can be sustained. In upward movements, the 3.470 and 3.535 resistance levels can be watched as important targets. In possible pullbacks, the 3.360 – 3.400 range constitutes a critical support. Closures below this level could bring the 3.330 and 3.295 levels to the forefront. The RSI indicator is at a neutral level and has experienced a 1.69% decrease compared to the previous day.
Due to the holiday period in Europe and the US, a low trading volume is observed in the markets on the first day of the week. The ongoing pressure on the EURUSD pair is affected by the rise in the US dollar index and the subsequent profit-taking. The dollar index is in search of a new direction by monitoring the reaction within the 108.20 – 108.50 range. Meanwhile, the Asian markets tracking the rise in the US and the support from the merger news of Japanese automotive giants increase optimism in global markets. However, the negative situation of the Richmond Manufacturing Index in the US creates a limited impact on the pair.
From a technical perspective, the EURUSD pair continues its negative trend by remaining below the 1.0480 level. On the daily chart, levels of 1.0385 and 1.0330 are monitored as support. Breaking the 1.0330 level in the pair could bring up the notion of 1 Euro equating to 1 Dollar. In upward movements, the resistance levels of 1.044 and 1.048 are being monitored. The RSI indicator is at the 40 level, displaying a negative outlook. The pair's 0.11% decline compared to the previous day indicates that the selling pressure continues.
The USD/TRY pair is exhibiting a partial upward trend influenced by the Christmas holiday effect in global markets and the upcoming Monetary Policy Decisions of the Central Bank of the Republic of Turkey (CBRT). The Turkish Lira, being one of the emerging market currencies, is showing weak performance against the US Dollar. When compared to other currencies like the Hungarian Forint and the Thai Baht, it is observed that the TL shows a weak outlook. The pair is trading close to the 35.25 level and uncertainties regarding the TL persist.
From a technical perspective, the 35.21 level is monitored as support in the USD/TRY pair, while maintaining above this level suggests the potential for the pair to move towards resistances at 35.29, 35.37, and 35.45. As long as it remains above the lower point of the Envelope indicator at 35.21, there is a possibility for the trend to continue optimistically. The RSI indicator stands at 52, presenting a neutral outlook. The pair has increased by 0.19% compared to the previous day. If it fails to maintain above the 35.37 resistance, the pair may exhibit a tendency to consolidate within the range of 35.02 – 35.37 for a while.
The ounce of gold remains under pressure due to the rise in the dollar index. While the rise in the Nasdaq index in the US reflects positively on Asian markets, it is noteworthy that markets are displaying optimism towards the end of the year. However, uncertainties regarding the Fed's interest rate policies and the bond markets' efforts to adapt to the high interest rate environment are affecting gold prices. The Richmond Manufacturing Index remaining in negative territory indicates weak economic activity, which keeps safe-haven demand limited.
Technically, the ounce of gold is moving below the resistance level of 2625.00 – 2633.00. As long as it stays below this level, a downward movement appears more likely. In potential pullbacks, support levels of 2612, 2605, and 2597 can be monitored. In upward movements, if the 2633 resistance is surpassed, targets of 2640 and 2650 levels are considered. The RSI indicator is at around 50, displaying a neutral outlook. A 0.27% increase has been recorded compared to the previous day.
The WTIUSD pair, after showing some recovery before the Christmas holiday, appears to be under pressure again during the Asian session. Although global oil demand expectations seem positive in the short term, concerns about an oversupply in 2025 are putting pressure on prices. The trajectory of European and US stock markets could be a decisive factor for oil prices. The Asian indices following the positive sentiment in the US could be considered a potential support element for oil prices. However, the continued negative territory of the US Richmond Manufacturing Index increases economic uncertainties.
In technical analysis, the WTIUSD pair is trading below the 69.40 - 69.70 resistance level. During intraday trading, the 69.00 and 68.50 support levels may be significant. The RSI indicator is at the 47 level, showing a neutral market trend. A 0.17% decrease is notable on a daily basis. Unless the 69.40 – 69.70 resistance is surpassed in potential upward movements, the downside potential may persist. However, if the price rises above the 69.70 level and makes hourly closings there, the 70.00 and 70.50 resistance levels may come into play.
Oil prices are finding it difficult to carry the recovery momentum it gained before the Christmas holiday into the Asian session. Despite short-term positive demand expectations, concerns about a supply surplus, especially for the year 2025, are exerting pressure on prices. The course of European and US stock markets today may influence oil pricing. Although a rise is observed in Asian indices due to positive sentiment in the US, US futures indices are trading flat. The upward trend in the dollar index stands as a negative factor for oil prices.
On the chart, oil prices are trading at the level of 72.585. In downward movements, the levels of 72.00, 71.50, and 71.00 stand out as support. In upward movements, the levels of 72.75, 73.00, and 73.30 can be monitored as resistance. The RSI indicator is at the level of 46, and the market exhibits a neutral outlook. As long as the prices remain below the 72.75 resistance, the downward trend is likely to continue. A decline of 0.04% in prices compared to the previous day is observed.
The Nasdaq100 index maintains its upward trend with optimism following positive data from the U.S. and the post-Christmas holiday mood in the markets. A 1% rise on the Nasdaq in the U.S. has also created a positive atmosphere in Asian indices, while the U.S. 10-year bond yields hovering at 4.58% is noteworthy. The dollar index is showing a tendency to rise again following profit-taking. Despite the Richmond Manufacturing Index remaining in negative territory, recovery signals support optimism. Positive impacts of the Honda and Nissan merger news are also seen in Asian markets.
Technically, if the index continues to stay above the 21600 - 21700 levels, it may move towards the resistance levels of 21800, 21900, and 22000. Its permanence above the support levels of 21700 and 21600 is crucial. The RSI indicator on the chart is around 52 and displaying a neutral outlook. The index has recorded a 0.10% increase compared to the previous day, indicating a slightly positive market trend.
The DAXEUR parity is drawing attention with limited trading volume influenced by the holiday period in the European and US markets. The positive trend observed in Asian markets is affected by the rise in the US Nasdaq index. While the Richmond Manufacturing Index from the US remains in negative territory, year-end optimism is notable in the markets. However, expectations that the Fed plans to reduce interest rates less are limiting profit-taking in the markets.
From a technical perspective, the DAX40 index is trading below the resistance levels of the 20095 – 20280 range. As long as it remains below these resistance levels, the index may continue to pull back towards the support levels of 20000 and 19900. Selling pressure may persist up to the main support area, which is at the 19800 level. For the index to regain a positive outlook, it will need to rise above the 50 and 100 period moving averages. The RSI indicator is at the 45 level, exhibiting a neutral trend. A decline of 0.33% was recorded yesterday.
U.S. natural gas futures are in a recovery trend after experiencing profit-taking due to moderate global demand. Some of the losses during the Asian session have been reclaimed, and the heating demand in the U.S., expected to rise until mid-January, is also supporting prices. During this process, the trend of European and U.S. stock markets is among the key factors that could affect natural gas prices. The positive market expectations in the U.S. and the trend of bond yields continue to be monitored for their impact on natural gas demand.
From a technical perspective, the NGCUSD pair is observed on the hourly chart. Prices are maintaining above the support levels of 3.37 and 3.33, presenting a positive outlook for the continuation of upward movement. As long as these levels are maintained, the resistance levels of 3.43 and 3.47 can be targeted. In the event of a downward movement, the levels of 3.33 and 3.295 should be monitored as significant support zones. The RSI indicator is at 65, presenting a positive outlook. Compared to the previous day, the change of +0.65% indicates an upward momentum.
The EUR/USD pair is following a calm course with low trading volume due to the end-of-year holiday period. The US Dollar Index remaining above the 34-day average maintains the strong stance of the dollar. However, reactions in the 108.25 area are being closely monitored. If this level is surpassed, a positive momentum in the dollar index could be seen, while if there is pressure, the 107 level could come into focus. For the EUR/USD, the medium-term resistance area in the 1.0545 - 1.0600 range stands out, with 1.0440 serving as an important short-term resistance zone.
From a technical perspective, the EUR/USD pair is rising towards the resistance at 1.044, but if it fails to maintain its position above this level, pullbacks to the support levels of 1.0385 and 1.0330 might occur. Especially, the 1.0330 level is monitored as a critical support point for the pair to move within a broader range. The RSI indicator shows a neutral outlook, and the pair has recorded a decline of 0.13 percent. In the current technical outlook, movements above 1.0440 should be watched for a recovery.
The GBP/USD pair is about to conclude a week under the influence of the Christmas holiday and New Year's psychology. While the weak reaction above the 34-day average of the classic Dollar Index and strong trend theme continue, there is curiosity about whether a correction will occur after recent rises. The reaction of the Dollar Index at the 108.25 level could play a critical role. The positive trend in Asian indices and the flat closing of US indices may have indirect effects on the direction of the pair. The flat trend of the Dollar Index, along with the decline in US bond yields, is also noteworthy.
When analyzing the technical outlook of GBP/USD, the desire for a continuation of the negative trend is apparent as long as the pair remains below the strong resistance level of 1.2610. In this case, pressures towards the 1.2485 and 1.2445 support levels can be observed. Particularly, the bottom point at the 1.2485 level could be a crucial indicator of whether the negative trend will persist. In the event of a possible recovery, it should not be forgotten that the pair must make sustained moves above the designated resistance levels for the current scenario to be considered invalid. The daily RSI indicator is at the 49 level, showing a neutral outlook. The pair recorded a slight decrease of 0.02% compared to the previous day.
The USD/TRY pair stands out with the Turkish Lira's weak position among the performances of emerging countries' currencies against the US Dollar. When compared to the performances of the Malaysian Ringgit and the Philippine Peso, the TL is seen to be on a weak path. While positive sentiment prevails in Asian indices, US indices are more stable. Nonetheless, the decline in US 10-year bond yields and the sideways movement in the dollar index may be decisive for the range of movement in the pair.
In technical analysis, the USD/TRY pair is trading around the 35.26 level, remaining above the 35.03 support level in the short term. This situation increases the likelihood of the pair moving towards the 35.30 and 35.38 resistance levels in upward movements. The RSI indicator shows a positive trend at the 63 level. The pair has increased by 0.39% compared to the previous day. Possible movements above 35.38 could support the continuation of the upward trend. However, a congestion tendency within the 35.03-35.38 range may also be observed.
Gold prices per ounce are showing limited increases, influenced by the positive trend in Asian indices. Led by the Japanese Nikkei index, Asian markets are generally optimistic. The weakening of the yen positively impacts the export-focused Japanese economy, having a positive effect on the index. While U.S. indices closed flat yesterday, the decline in the U.S. 10-year bond yields is noteworthy. The course of European and U.S. markets might influence gold prices throughout the day.
Technically, as long as gold per ounce remains above the 2620.00 – 2625.00 support levels, it exhibits an upward trend. Resistance levels of 2640 and 2650 can be targeted in upward movements. Currently, the RSI indicator is at 58, displaying a positive outlook. A daily decrease of 0.03% is observed. In case of potential declines, movements below 2620.00 may bring support levels of 2612.00 and 2605.00 into focus. The 2620.00 – 2625.00 range should be monitored as an important level for the day.
Oil prices are showing a calm trend in the Asian session following Israel's attacks on Houthi targets in Yemen. This situation is linked to the expectation that obstacles to shipping in the Red Sea will be removed. However, low trading volume as year-end approaches and the projected supply surplus for next year remain key factors in the oil market. Market participants are closely monitoring the progress of European and US stock exchanges and the stock figures to be announced by the US Energy Information Administration throughout the day.
In the WTI oil chart on an hourly timeframe, as long as prices remain below the resistance zone of 69.70 – 70.00, a downward movement is expected to be prevalent. Support levels are being monitored at 69.40 and 69.00, respectively. In the event of an upward recovery, resistance levels at 70.50 and 71.00 could come into focus. The RSI indicator is at 44, exhibiting a slightly negative outlook. Compared to the previous day, there is an observed increase of 0.27% in oil prices.
Oil prices followed a relatively calm trend in the Asian session after Israel's attack on Houthi targets in Yemen. This situation created some relief in the market by reducing the impact of the Houthis, who hinder shipments in the Red Sea. However, as the year-end approaches, the weakening of trading volumes and the forecasted supply surplus for next year continue to put pressure on oil prices. The course of European and US stock markets and the inventory figures to be released by the US Energy Information Administration may be decisive for the market's direction during the day.
In the chart, it is observed that oil prices are trading at the 72.805 level. The resistance zone of 73.00 – 73.25 is monitored as an important threshold, and as long as it remains below this level, downward movements may dominate. In declines, the 72.7, 72.4, and 72.0 support levels are monitored. The RSI indicator is at level 54, showing a slightly positive market outlook. A decrease of 0.11% is observed compared to the previous day. The upper resistance levels of 73.7 and 74.0 may be targeted in the event of a possible recovery.
The Nasdaq100 index tends to rise towards the December peak at the end of the year, influenced by the holiday season in Europe and the US. The positive trend in Asian markets, led especially by the Japanese Nikkei index, creates a favorable environment in global markets. Although the weakening Yen's positive impact on Japan's economy raises concerns about a possible need for tightening, this situation currently supports the positive outlook in the indices. While US indices experience a flat day, the decline in US 10-year bond yields and the stable course of the dollar index help Nasdaq100 maintain its current momentum.
In technical analysis, the Nasdaq100 index is trading above its 21 and 89 period moving averages in the 21700-21880 range, indicating short-term optimism. Intra-day upward movements should watch the resistance levels at 22000, 22100, and 22200. Sustained movements above the 22100 level could strengthen the positive trend and bring the index closer to the December peak. While the RSI indicator is in the negative region, the index closing at 21717 with a 0.06% loss indicates the potential deepening of short-term reaction sales. Support zones are found at 21880, 21800, and 21700 levels.
In a week when European markets are closed due to the Christmas holiday, the DAX 40 index is only traded on the first trading day of the week. This holiday situation in Europe may keep the trading volume and volatility of the index limited. The positive trend in Asian markets and the flat closing of US indices are also expected to have a limited impact on the DAX 40. Overall, the mixed signals from global markets and the European holiday period may be decisive for the short-term direction of the DAX 40.
Technically, the DAX 40 index is trading below the resistance zone of 20095 – 20280. As long as it remains below these levels, it is likely that the index will be under downward pressure. In this case, support levels of 20000, 19900, and 19800 can be monitored. The RSI indicator is at the level of 22.5 and shows a negative outlook, which may indicate that the selling pressure continues. For the index to show a recovery, it will be important to see a sustained movement above the 20280 level. It was observed that a rise of 0.11% was recorded yesterday.
US natural gas futures are trying to find balance in the Asian session following yesterday's decline due to weak trading volume and mixed weather forecasts. Trends in European and US stock exchanges, along with inventory figures to be announced by the US Energy Information Administration, are among the key factors that could influence the pair. While a positive outlook dominates overseas markets, especially in Asian indices, US indices are moving in a flat trend. This could create uncertainties in the natural gas market as well.
Technically, the NGCUSD pair is being tracked on a 4-hour timeframe chart. Levels of 3.26 and 3.215 stand out as support, while short-term resistance is monitored at levels of 3.33 and 3.36. The RSI indicator is at 45, exhibiting a neutral outlook. This indicates a volatile trend in the pair. An increase of 0.42% compared to the previous day is observed; however, as long as the pricing remains below the 3.330 – 3.360 resistance zone, downward pressure may continue.
The NASDAQ100 index, experiencing some relief with the U.S. 10-year Treasury bond yields declining to 4.54%, continues to display a fluctuating pattern on the last trading day of the year. The mixed performance in Asian markets and negative news flow from the U.S. are exerting some pressure on the NASDAQ100. Although the positive effects of expansion in China's manufacturing sector and stimulus efforts are noteworthy, political uncertainties and trade tensions in the U.S. are influencing the index's direction.
Technically, the NASDAQ100 index is trading at the 21,174.7 level and continues to remain below the resistance zone of 21,600 - 21,700. Maintaining below this zone may sustain its downward movement tendency. In this case, the levels of 21,400, 21,300, and 21,200 can be monitored as support. The RSI indicator is at the 40 level, exhibiting a negative outlook, and it is notable that the index shows a 0.10% increase compared to the previous day. For a potential upward movement, it seems that sustained movements above the 21,600 - 21,700 resistance zone are needed.
The DAX40 index is closed today due to year-end closures and the holiday period affecting global markets. As the German stock exchange is closed, there will be no trading on the index. While a mixed trend is observed in Asian markets, global economic developments and trade tensions in the U.S. are increasing uncertainty in the markets. Therefore, especially in the short term, global economic data and geopolitical developments will be determining factors for the direction of the DAX40.
From a technical perspective, when we look at the DAX40 index, we see that pricing remains below the resistance area of 20095 – 20280, where the 50 and 100 period moving averages are located. This situation causes the negative outlook to persist. It is a likely scenario that the index may experience pullbacks towards the levels of 20000, 19900, and 19800. The RSI indicator also exhibits a negative outlook below the level of 50. It should be noted that the index needs to make sustained movements above the 20280 area to start rising. In the current situation, it is noteworthy that the index has declined by 0.50% compared to the previous day.
U.S. natural gas futures are testing the highest levels in two years due to an expected cold snap in the eastern part of the country. The cold weather forecasted for the first days of January may lead to significant withdrawals in stockpiles. Therefore, updates on weather forecasts and the natural gas inventory data to be released during the week are being closely monitored. On the last trading day of the year, a decline in trading volumes can be expected due to markets being closed tomorrow for a holiday.
On the chart, we see that natural gas prices are trading on a 4-hour timeframe at the 4.150 level. Support levels are observed at 3.86, 3.8, and 3.74, while resistance levels are established at 4.02, 4.13, and 4.21. The RSI indicator is displaying a neutral outlook below the 70 level. A 0.918% decrease is observed compared to the previous day. During upward price movements, the 4.02 and 4.13 resistance levels may be critical, while potential pullbacks should monitor the 3.86 and 3.8 support levels.
The EUR/USD pair is exhibiting slight movements in the global markets due to the year-end holiday psychology. Manufacturing PMI data from Europe, the US, and Asia may have a limited impact on the pair. The dollar index, with its weak response in recent days, is focusing on the level of 108.25, while economic data from the US and the Fed's interest rate policy could be decisive for the pair. Especially, economic indicators such as the PMI data and pending home sales in the US might affect the overall trajectory of the dollar.
Technically, the EUR/USD pair may wish to maintain its negative trend below the 1.0440 level. The pair could be under pressure towards the support levels of 1.0385 and 1.0330. Particularly, the 1.0330 level could be monitored as a critical bottom point. In upward movements, the resistance levels at 1.0440, 1.048, and 1.0545 should be observed. The RSI indicator is showing a neutral outlook at the 45 level in the 14-day period, with a small change of 0.01% compared to the previous day. These indicators suggest that the pair might exhibit range-bound movement in the near term.
The GBP/USD pair continues to trade with low volume in global markets during the holiday period. Manufacturing PMI data from the US and Europe may have limited effects on the pair. The recent rise observed in the Dollar Index is under pressure due to uncertainties regarding the Fed's interest rate policy. The new year week starting in Asian markets had a weak start due to trade tensions and low volumes. On the other hand, the rise in US 10-year bond yields could increase demand for the dollar.
Technically, the GBP/USD pair is testing the resistance levels of 1.2610 and 1.2715. If the pair remains below these levels, the downtrend is likely to continue. The levels of 1.2565, 1.2525, and 1.2485 stand out as the monitored support regions, respectively. Breaking the 1.2485 level, in particular, could trigger a deeper decline in the pair. The RSI indicator is at the 50 level and shows a neutral outlook, indicating that the pair is searching for direction in the short term. A 0.05% decrease is observed in the pair compared to the previous day.
The USD/TRY pair is drawing attention as the Turkish Lira remains weak on a day when currencies of emerging countries diverge against the US Dollar. The performances of other currencies, particularly like the Brazilian Real and Thai Baht, make the weak stance of the TL against the USD even more pronounced. In the US, economic indicators such as the Chicago PMI data coming in below expectations and the increase in pending home sales are guiding the markets, while uncertainty over the Fed's interest rate policy continues.
Technically, the USD/TRY pair is trading at the 35.26 level. Support can be monitored at the levels of 35.21, 35.11, and 35.01, while resistance in upward movements can be followed at 35.30, 35.36, and 35.41 levels. The RSI indicator is at the 60 level, showing a positive outlook. There is a 0.53% increase compared to the previous day, indicating that the upward movement may continue in the short term. The purple lower point of the Envelope indicator is at the 35.01 level, and as long as the pair stays above this level, it may have the tendency to maintain its upward trend.
Spot gold is maintaining a sideways movement with limited action due to low-volume markets at the year's end. The decline in Asian markets starting the week and losses in U.S. stocks could exert pressure on gold prices. While the dollar index remains steady, the rise in U.S. 10-year bond yields supports the expectation that the Fed will be more cautious about rate cuts. This could increase the safe haven demand for spot gold.
On the chart, spot gold is fluctuating between the levels of 2620 – 2633, which is viewed as a consolidation zone. A sustained move above the 2633 resistance may initiate an upward momentum, bringing 2640 and 2650 levels into focus. However, closings below the 2620 support could increase the potential for prices to retrace towards the 2612 and 2605 levels. The RSI indicator is at the 56 level, showing a positive trend. There is a limited rise of 0.05% compared to the previous day.
Oil futures started the new week on a balanced note as markets assess the potential supply surplus expected next year. Uncertainties surrounding the U.S. trade policies, especially concerns regarding sanctions and tariffs on countries like Iran, Mexico, and Canada, could impact pricing. Additionally, due to the new year holiday, trading volumes in the markets are expected to decrease, which could increase price volatility. The trajectory of European and U.S. stock exchanges is also being closely monitored for its impact on oil prices.
In the chart, the WTIUSD pair is trading at the 70.4 level. In the daily timeframe, the 70.1 and 70.4 levels are being watched as support, while upward movements monitor 71 and 71.5 levels as resistance. The RSI indicator is close to the 50 level, showing a neutral outlook. The pair demonstrated an upward trend with a 0.77% increase compared to the previous day. If prices fall below the 70.1 level, a pullback towards the 69.7 level may come into consideration.
As the oil market makes a balanced start to the new week, factors such as expectations of surplus supply and sanction threats from the Trump era continue to affect pricing. Asian markets began the new year week with a decline, and US index futures traded with limited losses. The increase in US bond yields is shaping expectations for the Fed's future rate cuts, while the dollar index started the week quietly. Economic indicators, such as the decline in Chicago PMI data and the increase in US home sales, are being closely monitored in the markets.
From a technical perspective, the BRNUSD pair is attempting to maintain an upward trajectory by preserving the support zones at 73.4 and 73 levels. In upward movements, the levels of 74 and 74.5 can be observed as resistance. The RSI indicator is at 60, displaying a positive outlook. With a 0.67% increase compared to the previous day, maintaining stability above 73.4 is important for the continuation of upward potential in the short term. In the event of possible declines, the 72.65 support level should be closely monitored.
The NASDAQ100 index is under pressure as the U.S. 10-year treasury yield hovers around 4.63%. This situation limits upward movements on the index, while the restraint in bond yield increases prevents the pressure from deepening further. Asian markets made a weak start due to trade tensions and low trading volumes before the holiday, and U.S. index futures are experiencing limited losses following Friday’s losses. Economic data such as the Chicago PMI and pending home sales may provide clues about the future performance of the U.S. economy.
From a technical perspective, the NASDAQ100 index continues to trade within the 21600 – 21800 support zone. Sustained price action above the 21800 level could support a positive trend and trigger a movement towards the 21900 and 22000 resistance levels. Otherwise, a close below the 21600 level may indicate a decline towards the 21500 and 21400 levels. The RSI indicator currently shows a neutral trend, indicating the market is in search of a direction. The index, which saw a 0.29% drop compared to the previous day, may be in a short-term trend-setting process.
The DAXEUR pair starts the new week calmly with the global markets' New Year holiday psychology, and it is expected that Germany and Japan will join this trend starting Tuesday. It is anticipated that the impact of significant economic data will remain limited throughout the week. Especially in Europe, the USA, and Asia, manufacturing sector PMI data can be monitored by the markets. However, in general, the low trading volume and uncertainties before the holiday season in global markets are noteworthy. Uncertainties regarding the US interest rate policies and trade tensions are also being closely followed by the markets.
From a technical perspective, the DAX 40 index continues to trade below the 20095 – 20280 resistance zone, where the 50 and 100-period moving averages are located. This situation increases the potential for the index to retreat towards the 20000 and 19900 support levels. However, the 19800 main support area could emerge as a critical decision point. The RSI indicator is at 42, exhibiting a slightly negative outlook. Observing the recent price movements, it appears that the index is squeezed between the averages and is at a decision stage. Compared to yesterday's close, there was a 0.11% decrease.
US natural gas futures made a strong start to the week with gains of over 9%, but gave back some of those gains during the Asian session. The underlying factors influencing this volatility could be the expiration of Russia's transit gas shipment agreement with Europe via Ukraine at the end of the year and the perception of risks associated with making a new agreement. Throughout the day, the performance of European and US stock markets is expected to impact natural gas prices.
Technically, the NGC/USD pair could find support at 3.63, 3.58, and 3.535 levels on the 4-hour chart. If upward movements continue, the levels of 3.74, 3.8, and 3.86 could act as resistance. The RSI indicator is at level 65 and exhibits a positive trend, which may signal that the upward momentum is continuing. The pair has increased by 7.23% compared to the previous day. Maintaining support levels could be crucial for the continuation of the upward movement.
Despite the recent strong trend of the Dollar Index, the EUR/USD pair is being closely monitored as it awaits Manufacturing PMI data from Europe and the US, as well as US unemployment claims data. The movement of the Dollar Index at the 108.45 level could be decisive regarding the continuation of the trend. The pair has the potential to move along with the economic data set to be released this week. Developments in global markets and particularly the internal security issues in the US can also influence the overall market sentiment.
Technically, the EUR/USD pair is trying to find support between the 1.0330 and 1.0280 levels during the day. On upward movements, resistance levels can be observed at 1.0385, 1.044, and 1.048. The RSI indicator is at the 43 level, indicating a negative trend. This suggests that the pair may continue to remain under pressure. There is approximately a 0.07% decrease compared to the previous day. If the negative trend continues, a pullback towards the 1.0330 support may occur.
The GBP/USD pair is focused on developments in the Dollar index and the upcoming Manufacturing PMI data from the US and Europe. It is observed that the strong trend in the Dollar index continues and the US unemployment claims data may have an impact on the market. While the economic data coming from the US is expected to affect the general course of the dollar, the effects on the pair are being closely monitored.
Technically, the GBP/USD pair has approached the support levels at 1.2525, 1.2485, and 1.2445 on the 4-hour chart. Resistance zones are located at 1.2565, 1.261, and 1.2665 levels. Currently, the pair is trading at the 1.25324 level, showing a decrease of 0.17% compared to the previous day's close. The RSI indicator is at the 40 level, presenting a negative outlook, indicating that the pair may be under selling pressure. Sustained movements above the 1.261 level may be crucial for the pair to display an upward movement again.
The USD/TRY pair exhibits a weak outlook in an environment where the currencies of emerging countries diverge against the US Dollar. The Turkish Lira is performing weaker compared to other currencies like the Ruble and the Peso. The pressure on Chinese indices in foreign markets and the limited rises in US indices at the start of the day indicate a cautious atmosphere prevailing in global markets. Economic data to be observed in the US and any TL-based news flow from Turkey could influence the pair.
Technically, when examined on the 4-hour chart, the USD/TRY pair is currently trading at the 35.36 level. The levels of 35.3, 35.21, and 35.17 are monitored as support, while 35.4, 35.47, and 35.53 are followed as resistance points. Remaining above the 35.17 region, where the lower point of the Envelope indicator is located, may support optimism. The RSI indicator is at level 59, displaying a positive outlook. A change of 0.03% compared to the previous day is observed, indicating that the movement of the pair is relatively calm.
The decline in the Dollar Index and the risk perception created by events in the US contributed to the upward pricing of spot gold. On the first trading day of 2025, the precious metal started at the 2624 level and is currently trading at the 2633 level. Investors may follow the unemployment benefit claims data to be announced during the day. Developments in foreign markets can also impact the trajectory of gold prices.
Technically, spot gold continues to be priced above the 2620 – 2625 support level in the short term. As long as it remains above this level, the upward potential is considered to persist. If upward movements continue, the resistance levels at 2640 and 2650 can be targeted. Particularly, the 2644 level, which is the upper region of the trend channel, may emerge as an important threshold for the continuation of the upward movement. The RSI indicator is at the 61 level, presenting a positive outlook. There has been a 0.43% increase compared to the previous day. However, if the 2620 – 2625 support zone is breached, the 2610 and 2605 support levels may come to the forefront.
Crude oil futures began an upward trend following the New Year's holiday with the American Petroleum Institute's announcement of a 1.4 million barrel decline in inventories and Chinese President Xi Jinping's commitment to further support growth. These developments had a positive impact on oil prices. Other factors to be closely monitored by the markets include the situation of European and US stock exchanges and the inventory data to be released by the US Energy Information Administration.
In the WTIUSD technical outlook, as long as prices remain above the 71.30 – 71.70 support levels, upward movement may be at the forefront. Resistance levels of 72.50 and 73.00 can be monitored in case of rising prices. In case of potential declines, hourly closings that occur below 71.30 could bring the 71.00 and 70.70 levels to the agenda. The RSI indicator is close to the 50 level and presents a neutral appearance. The pair has increased by 0.29% compared to the previous day.
Crude oil futures are showing an upward trend following the New Year holiday, with the American Petroleum Institute announcing a 1.4 million barrel decrease in inventories and Chinese President Xi Jinping's commitments to support growth. The performance of European and US stock markets and the inventory figures to be announced by the US Energy Information Administration are expected to influence intraday price movements. Additionally, negative economic expectations in China and domestic security issues in the US are being closely monitored in the markets.
From a technical analysis perspective on the chart, the BRN/USD pair is trying to stay above the support levels of 74.25 - 74.65. Maintaining this level could support the continuation of upward movements. In case of increases, resistance levels of 75.50 and 76.00 could be targeted. In potential declines, hourly closings below the 74.25 level could bring 74.00 and 73.70 levels into focus. The RSI indicator is at 47 and shows a neutral outlook. The pair has shown a slight decrease of 0.05% compared to the previous day.
The NASDAQ100 Index eased some of its pressure on the first trading day of 2025 as the US 10-year Treasury yield retreated. The index started the new year at the level of 21312 and is trading at 21319 on a day economic data such as unemployment benefit applications are monitored. Negative economic data from China and developments in US-China trade relations are bringing sales to Asian markets, while US index futures are preparing to start the day with limited gains. In the US, domestic security issues, along with today’s manufacturing activity figures and unemployment claims data, may impact the market.
Technically, the NASDAQ100 continues to trade below the resistance zone of 21500-21600. Unless this zone, supported by short-term moving averages, is surpassed, the downtrend may continue. If the downward movements persist, support levels of 21300 and 21200 should be monitored. For the index to gain upward momentum, sustained pricing above the 21500-21600 range may be required. If this zone is breached, upward movements towards the levels of 21700 and 21800 could be seen. The RSI indicator, on the other hand, shows a negative trend at around 41, indicating that the downward pressure may continue. The index has experienced a 0.70% decrease compared to the previous day.
Due to the Christmas and New Year holidays, when European markets see limited trading, DAXEUR pulled back from the peak of 20648 it reached in mid-December. Economic activities across Europe and developments in foreign markets continue to impact the index. Mixed trends in Asian markets, particularly expectations surrounding trade tariffs in China and signals of a slowdown in manufacturing activity, create uncertainty in global markets. The attempt by U.S. indices to start the new year with limited gains might be a directional indicator for DAXEUR as well. Manufacturing activity data expected from both Europe and the U.S. today could lead to new pricing in the markets.
Technically, DAXEUR is trading on a 4-hour timeframe chart. The levels of 20000, 19900, and 19800 are being monitored as support, while 20095, 20185, and 20280 serve as resistance. The RSI indicator stands at 57, displaying a positive outlook. It has been observed that the index recorded an increase of 0.21% based on its last close. If the index continues to price below the 20095 – 20280 range, the short-term negative outlook might be maintained. However, sustained movements above this range could allow the positive trend to engage again.
U.S. natural gas futures continue their selling streak after the New Year holiday. Expectations of warmer weather conditions in the Southeast and West regions of the U.S. from January 10th to 14th appear to have influenced the downward movement in prices. During this period, the course of European and U.S. stock exchanges will be closely watched by market participants. Additionally, while U.S. index futures are expected to start the day with limited gains, economic data such as manufacturing activity and unemployment claims in the U.S. may also affect the market.
From a technical perspective, for the NGCUSD pair, the 3.535 and 3.47 levels can be observed as support, while resistance levels are highlighted at 3.65 and 3.74. On the chart, the pair is currently trading at the 3.853 level, showing a 1.63% decrease compared to the previous day. The RSI indicator is displaying a negative trend, indicating a weakening market outlook. In this situation, it may be crucial to maintain the support level of 3.535 for upward movements to occur. If these support levels are breached, declines towards the 3.43 level may come into play.
The EUR/USD pair is finding direction due to the European Central Bank's tight monetary policy and positive economic data in the U.S. Economic stagnation and low inflation in the Eurozone are increasing expectations for ECB rate cuts, while Trump's policies and the Fed's tendency to raise rates in the U.S. are strengthening the dollar. This creates pressure on the Euro, with the Dollar Index recently showing strong performance. Mixed trends in Asian markets and trade tensions also impact the pair.
From a technical perspective, the EUR/USD pair is trending downwards, with 1.0385 and 1.0330 support levels emerging as critical areas. If the pair remains below the 1.0330 support, there is a possibility of approaching the 1 Euro = 1 Dollar level. In upward movements, the 1.0440 and 1.0480 resistance levels should be monitored. The RSI indicator is at the 40 level, indicating a negative outlook. The pair experienced a 0.03% decline compared to the previous day, showing that the overall negative trend continues.
As we conclude 2024, the GBP/USD pair is stirred by unfavorable economic activities and the European Central Bank's interest rate policies. While the Euro's depreciation against other currencies in Europe and Trump's policies having a positive impact on the Dollar index are noteworthy, losses in the GBP/USD pair appear to be limited. The Dollar index is supported particularly by expectations of the Trump administration's return to power and the Fed's tight monetary policy, while in European markets, expectations of an ECB rate cut are gradually forming. Due to early closures in the UK and France, and New Year holidays in Germany, European markets may also experience a calm trajectory.
From a technical perspective, the GBP/USD pair is trapped between resistance levels of 1.2610 and 1.2665. In the short term, the pair has the potential to move downward, and in such a case, support levels of 1.2525, 1.2485, and 1.2445 can be monitored. The 1.2485 level stands out as a critical level for the continuation of the trend or the beginning of a possible recovery. The RSI indicator is in the neutral zone, and the pair's 0.00% change compared to the previous day indicates a calm market. This calmness, combined with low volume before the New Year, increases the uncertainty regarding the pair's direction.
The USD/TRY pair is assessing the day in line with the different trends exhibited by emerging market currencies against the US Dollar. The Turkish Lira is among the weaker-performing currencies. The strong trajectory of the US dollar index and global trade tensions continue to increase the pressure on the TL. The mixed outlook in Asian markets and some adverse developments in the US may also indirectly affect the exchange rate. Given that today is the last trading day of the year, trading volume is likely to remain low.
Technically, USD/TRY is trading close to the 35.31 level. Support levels for the pair can be seen at 35.3, 35.21, and 35.11, while resistance levels in upward movements highlight 35.4, 35.46, and 35.5. The RSI indicator is at the 61 level, showing a positive outlook. This outlook may suggest that prices could move toward resistance levels. The pair has increased by 0.06% compared to the previous day, maintaining its short-term upward trend.
The limited change in the Dollar Index on the last trading day has led to the easing of pressure on gold. Although the Dollar Index has shown a strong trend recently, driven by the U.S. economic data and political developments, it exhibited a flat outlook on the last day of the year. Mixed trends were observed in the Asian markets, while the economic data from China falling short of expectations did not create a positive impact on the markets. Under these conditions, gold is attempting to gain value and is trading around the 2600 level.
From a technical perspective, gold is trying to stay above the 2605 level on the 4-hour chart. As long as gold prices trade below the 2610 – 2625 resistance area, the downward pressure may continue. In downward movements, the 2605 and 2597 levels can be monitored as support. For an upward movement to dominate, 4-hour closings above the 2610 level should be tracked. In this case, a movement area towards the 2633 and 2640 resistance levels may form. The RSI indicator is at the 48 level, exhibiting a neutral outlook and showing a slight decrease of 0.05% compared to the previous day.
WTI crude oil prices are on an upward trend due to the continued expansion of manufacturing activity in China and the positive impact of the government's stimulus efforts on the markets. Despite these positive developments in China, the growth rate being lower than expected may keep the markets cautious. The manufacturing PMI data to be announced in the U.S. could also affect oil prices. Additionally, the market holiday in the U.S. and global economic developments could influence pricing.
Technically, WTI crude oil prices are hovering above the 71.00 support level on the 4-hour chart, and maintaining this level keeps the upward potential alive. In upward movements, the resistance levels of 71.50, 72.00, and 72.50 can be monitored. The RSI indicator is at a level of 56, displaying a positive outlook. An increase of 0.85% is observed compared to yesterday’s close. In case of potential declines, if the price falls below the 71.00 - 70.70 support zone, the level of 70.40 may come into focus.
Oil prices maintain an upward trend following the data showing the expansion of China's manufacturing sector entering its third month. It is believed that the Chinese government's stimulus efforts have been effective and provided a positive contribution. While this situation supports upward expectations in the oil market, the manufacturing PMI data to be announced in the U.S. is also being closely watched by the markets. Given that today is the last trading day of the year, it should be noted that volumes may decrease and price movements may remain limited.
From a technical analysis standpoint, the BRN/USD pair is trading at the 74.00 level on the hourly chart. In case of continued upward movements, resistance levels of 74.50, 75.00, and 75.50 can be followed. In the event of downward movements, the levels of 74.00, 73.70, and 73.40 are monitored as support. The RSI indicator is at the 58 level, showing a positive trend. Prices have increased by 0.73% compared to the previous day, indicating that the upward momentum continues.
The EUR/USD pair continues to remain under pressure due to strong employment data from the US and weak PMI figures in the Eurozone. Positive economic data from the US is leading to a strengthening dollar, while the economic weakness in the Eurozone, especially in Germany, is causing the Euro to depreciate. The strong performance of the Dollar Index is deepening sales in the EUR/USD pair. The upcoming ISM Manufacturing PMI data from the US could be decisive for the direction of the pair.
Technically, the EUR/USD pair is trading at the 1.027 level. While the pair continues to stay below the 1.0385 resistance level, the support levels of 1.023 and 1.0185 are being monitored in downward movements. The RSI indicator is at level 44 and shows a negative outlook. A slight decline of 0.05% was recorded in the pair compared to the previous day. If the 1.023 support is breached, the likelihood of retreating towards the 1.0185 and 1.014 levels may increase. On the upside, resistance levels of 1.028 and 1.033 are significant.
The GBP/USD pair is seeing pressure under the theme of a strong US dollar and weakening Euro and Sterling. The continued contraction in the Eurozone manufacturing sector and low levels of unemployment claims in the US increase optimism over the Dollar Index (DXY). This situation is causing the selling to deepen in the pair. In the coming days of the week, when the US ISM Manufacturing PMI data will be followed, the impact of economic data on the pair should be closely monitored.
Technically, the GBP/USD pair is trading at around 1.239, with support levels tracked at 1.236, 1.2315, and 1.2270. Resistance levels are followed at 1.24, 1.2445, and 1.2485. The RSI indicator is at 36, indicating the market is near an oversold territory. It is observed that the pair has declined by 0.12% compared to the previous day. Therefore, the pair may continue to remain under pressure; however, the proximity to the oversold territory also points to a short-term recovery possibility.
The USD/TRY pair is trading in an environment where currencies of emerging countries display varied performances against the US Dollar. The Turkish Lira is painting a weak picture with a depreciation of 0.18%, as the strong course of the dollar index increases the pressure on the TL. Positive economic data from the US and the strong position of the dollar support the rise of the USD/TRY pair. In Turkey, the inflation rates surpassing market expectations are causing the TL to weaken.
From a technical analysis perspective, the USD/TRY pair is trading near the 35.39 level, and a tendency to consolidate within the 35.17 - 35.52 range can be observed. In upward movements, 35.40, 35.47, and 35.52 resistance levels should be monitored. In downward movements, 35.30, 35.21, and 35.17 support levels are significant. The RSI indicator is at the 61 level, displaying a positive outlook. There is a 0.28% increase in the pair compared to the previous day. If the level of 35.52, which is the upper point of the Envelope indicator, is maintained, the upward trend may strengthen.
Despite the rise in the dollar index, ounce gold continues to find support due to geopolitical tensions. Developments such as Russia launching a drone attack on Kyiv and Israel targeting a neighborhood in Gaza are supporting precious metal prices. Additionally, the ISM manufacturing PMI and manufacturing prices data, which will be announced during the day, are closely monitored by the markets.
From a technical perspective, ounce gold is trading above the 2650 level and monitoring the 2660 level as support. In upward movements, the resistance levels of 2666 and 2675 can be followed. The RSI indicator is at the 60 level and shows a positive outlook. The price of ounce gold, which increased by 0.05% compared to the previous day, may continue its upward trend in the short term. However, in case of possible declines, the 2650 and 2640 support levels could be critically important.
Oil prices tested their highest levels since October 14 after finding support from commitments to promote growth in China and declines in U.S. inventories. However, there was a limited pullback as they couldn't remain at these levels. The mixed trend in global markets and economic data from the U.S. may influence short-term movements in oil. Monitoring the performance of European and U.S. stock markets as well as U.S. data flows might play a decisive role in oil prices. Additionally, the strengthening of the dollar index may exert pressure on oil prices.
Technically, WTI prices are moving between the 72.50 – 73.00 support levels on the hourly chart. In upward movements, resistance levels of 74.00 and 74.50 can be followed. If downward movements fall below the 72.50 support, levels of 72.25 and 72.00 may come into focus. The RSI indicator is at 53, showing a neutral market outlook. Prices have increased by 0.48% compared to the previous day. Maintaining the support levels may sustain the upward potential.
Oil prices are finding support from China's commitments to growth incentives and declining inventories in the US. These developments have recently led oil prices to test their highest levels since October 14. However, the limited decline during the day could shape up based on the trends in European and US markets and the flow of US data. While mixed signals persist in global markets, the rise in the dollar index and the fluctuations in US indices are among other factors affecting oil pricing.
Technically, the BRNUSD pair is trading just above the 75.75 level, and staying above this level is significant for a bullish outlook. In upward movements, the 76.50 and 77.00 levels can be monitored as resistance. In potential pullbacks, the support levels to watch are 75.75, 74.65, and 74.25. The RSI indicator is at the 54 level, exhibiting a positive trend. A 0.34% drop compared to the previous day indicates a slight retreat in prices, but the overall upward trend is maintained.
The NASDAQ100 Index showed a declining trend influenced by major companies like Tesla and Apple, despite limited movements in the U.S. 10-year Treasury bond yields. Tesla's delivery figures, which fell short of expectations, and negative news flows exerted pressure on the index, while Apple's sales decline in China also had a negative impact. Although rises in Nvidia and Meta slightly alleviated this negative picture, they could not prevent the overall downward trend of the index from continuing. Today, the markets will focus on data such as ISM manufacturing PMI and manufacturing prices.
From a technical perspective, the NASDAQ100 Index continues to trade below the 21300 – 21400 resistance zone on the 21-hour chart. If the downward movements continue, the 21200 and 21100 levels can be monitored as support. For an upward movement, a sustained trend above the 21300 – 21400 zone is necessary. If it surpasses this zone, the resistance levels of 21500 and 21600 may be targeted. The RSI indicator is at 45, displaying a slightly negative outlook. It is noted that the index experienced a 0.31% decline compared to the previous day.
The DAXEUR pair is showing a certain recovery trend on the first trading day of the new year. However, the mixed course in U.S. and Asian markets continues to exert pressure on the index. In the U.S., Tesla's delivery numbers falling short of expectations negatively impacted the general index performance. Meanwhile, the strong rise in the U.S. dollar index and resilient pricing seen in gold are also felt in European markets. Domestically, inflation data and market expectations are among the elements carefully monitored.
From a technical perspective, the DAXEUR pair is showing congestion between the 20095 and 20185 levels on the 4-hour chart. A sustained close above the 20185 resistance level could signal the continuation of upward movements. In downward movements, the 20000 and 19900 support levels are important. The RSI indicator is at 60, suggesting a positive outlook. The pair is showing a 0.30% increase compared to the previous day, which could signal short-term upward momentum. However, it should not be forgotten that critical levels need to be monitored for a clearer direction determination.
U.S. natural gas futures continue to find support from expectations of a cold wave at the beginning of January and increased demand for natural gas exports. While profit-taking balances the market, investors are closely monitoring the trajectory of European and U.S. stock exchanges and the inventory data to be released by the U.S. Energy Information Administration. The strong rise observed in the global markets' dollar index and the current trajectory of U.S. 10-year bond yields could also affect natural gas pricing.
Technically, the NGCUSD pair is trying to hold above the support levels of 3.6 and 3.535 on the daily chart. In the continuation of the upward movement, the resistance levels of 3.74 and 3.8 are watched, while the level of 3.86 might emerge as a longer-term target. In the event of a possible downward pressure, support at the level of 3.47 could come into play below the level of 3.535. The RSI indicator is at 51, showing a neutral outlook, which suggests that the current equilibrium may be maintained. The price has decreased by 0.74% compared to the previous day.
The EUR/USD pair is being shaped by positive PMI data from Europe and Germany's inflation indicators performing above expectations, along with discussions among ECB's potential interest rate cut scenarios. Strong economic data from Germany and the Eurozone curbs expectations for an ECB rate cut, while low-expectation PMI data from the US raises pressure on the Dollar Index. Today's inflation data from the Eurozone and ISM Services PMI and JOLTS data from the US will be the focus of the markets.
Technically, the EUR/USD pair is trapped between the 1.0375 and 1.0330 support levels. The pair staying below the 1.0510 resistance suggests that the current rise is a corrective move. On the daily chart, the RSI indicator is displaying a neutral outlook at the 47 level. In upward movements from the current level, the 1.044 and 1.048 resistance levels can be monitored. In downward movements, the 1.0330 level stands out as an important support. Compared to the previous day, a 0.08% decline in the pair is observed.
The GBP/USD pair is in a recovery trend on the first trading day of the week following positive PMI data from the UK and Germany. While an overall optimistic outlook prevails in Europe, the fact that the UK's service sector PMI remains above the 50 threshold is particularly noteworthy. In the US, although service sector data fell short of expectations, growth momentum appears to be sustained. The inflation data in Germany coming in above expectations could dampen expectations for interest rate cut decisions by the European Central Bank. Today's Eurozone inflation and US ISM Services PMI data might be decisive for the direction of the pair.
From a technical perspective, the GBP/USD pair is gaining upward momentum from the support at 1.2485. However, the pair staying below the 233-period average and significant resistance levels of the 1.2610 - 1.2665 range indicates that the movement is of a corrective nature. If the recovery continues during the day, the resistance levels of 1.2565 and 1.261 may play a critical role. The RSI indicator suggests a neutral market outlook, with a 0.16% decrease compared to the previous day. If the support at 1.2485 is breached, it is possible for the selling pressure to increase and the trend to continue downward.
The USD/TRY pair is trading in an environment where currencies of developing countries show differing performances against the US Dollar. The Turkish Lira exhibits a weak performance with a 0.10% loss in value, while the pair is trading near the 35.31 levels. The mixed outlook in Asian markets and the general weakness of the US Dollar may continue to exert pressure on the TRY. Economic data from the US and developments in global markets will be decisive for the pair.
In technical analysis, the USD/TRY pair finds support at the 35.28 and 35.22 levels, while upward movements are monitored at the resistance levels of 35.3, 35.35, and 35.4. During the day, the pair has shown a 0.09% change. On the chart, the RSI indicator is at the 55 level and the market is exhibiting a slightly positive trend. For the pair's current short-term outlook, maintaining above the 35.35 resistance level is important for the continuation of upward movements.
Spot gold is experiencing limited fluctuations in the markets due to the confusion caused by news about Trump's tariffs. While the dollar index is hovering at its highest levels since November 2022, ISM services PMI and JOLTS job openings data are being closely monitored. These data are thought to have potential impacts on gold. Additionally, the positive performance of technology stocks in Asian markets and the evaluation of economic data from the US are also significant.
Technically, spot gold is at a decision point in the 2625 – 2640 range. On the 4-hour chart, sustained pricing above the 2640 resistance could be important for the continuation of the upward trend. In potential upward movements, the 2650 and 2660 resistance levels should be considered. In downward movements, if a sustained position below 2625 is observed, pullbacks might be seen towards the 2620 and 2610 support levels. The RSI indicator is at the 52 level, showing a neutral trend, reflecting uncertainty in the market. Spot gold is up by 0.35% compared to the previous day, indicating a somewhat positive outlook.
WTI Crude Oil prices entered a technical correction phase after rising due to Saudi Arabia's fee increase for the Asian market exceeding expectations and the weakening of the dollar. The risk of an anticipated oversupply in 2025, in relation to the increase in production outside OPEC and potential changes from the Trump administration, is an important issue to be monitored. Today, the performance of European and US markets may also have an impact on oil prices.
In the chart, WTI Crude Oil prices are seen testing the resistance at the 73.60 level. Hourly closings above this level may trigger an increase towards 74.00 and 74.50 levels. In the event of possible declines, the 73.00 level should be watched as an important support. Hourly closings below this level could bring the 72.50 and 72.00 levels into focus. The RSI indicator is at 50, showing a neutral trend, with a 0.30% increase in price compared to the previous day.
In the oil markets, a correction movement was observed after the rise caused by Saudi Arabia's price increases for the Asian market and the weakening of the dollar. This situation brought the risk of an expected surplus in 2025 back to the agenda, while political developments have come into focus with Trump's inauguration in the face of production increases outside of OPEC. In general, optimism in the technology sector was noted in Asian markets, while a negative divergence was observed in Chinese markets. The rise in technology stocks in the US and the low dollar can be critical for the course of US and European markets in relation to oil markets.
From a technical perspective, the BRN/USD pair is fluctuating between the levels of 76.00 – 76.50 on the hourly chart. In upward movements, hourly closings above the 76.50 level could target the resistance levels of 77.00 and 77.50. In downward movements, the 76.00 support is a critical threshold to watch; if this support is breached, levels of 75.50 and 75.00 may be seen. The RSI indicator is at 55, showing a slightly positive outlook. The pair has increased by 0.20% compared to the previous day.
The NASDAQ100 Index is on an upward trajectory led by technology stocks, despite limited movement in the US 10-year Treasury yield. The stock performance of tech giants like Nvidia, Meta, and Micron Technology contributes to the index's rise. While a report in the Washington Post indicating that the tariff plan proposed by Trump could be narrower in scope than expected has increased optimism in the markets, Trump's denial of the report maintains uncertainty. During the day, ISM services PMI and JOLTS job openings data may be monitored for their potential impact on the markets.
Technically, the NASDAQ100 index is trading at 21,519, and as long as it stays above the 21,500 – 21,600 support range, upward movements are expected to continue. In this scenario, the levels of 21,800 and 21,900 can be monitored as resistance. The RSI indicator is at 63 and has a positive outlook. The index is showing a 0.29% decline compared to the previous day. In the downside scenario, if the region below 21,500 is breached, levels of 21,400 and 21,300 may come into focus.
The DAXEUR pair is showing a positive outlook in Europe, accompanied by PMI data that exceeds expectations and high inflation figures in Germany. With the PMI data in Germany and the UK being above the critical 50 level, this indicates continued economic activity as ECB's interest rate cut expectations are closely monitored by the markets. Data to be released in the U.S. is also at the forefront of the market's attention. Particularly, service sector data along with Eurozone inflation figures may affect the direction of the pair.
Technically, the DAXEUR index is showing a positive trend by rising to the upper point of the 20000-20185 range. The short-term positive outlook may continue as long as it remains above the 20095-20185 area. During upward movements, the 20648 peak can be monitored as a target, while the 20385 level may support this rise. Otherwise, if the index pulls back towards the averages, the 20185 and 20095 levels should be monitored as support. The RSI indicator stands at 55, exhibiting a neutral tendency. The index has risen by 0.08% compared to the previous day.
U.S. natural gas futures are increasing in value, supported by forecasts of expected cold weather in the central and eastern regions. Particularly, the anticipation of the coldest January in 12 years for the country is affecting the markets. While the overall trends in European and U.S. stock exchanges can also be decisive for prices, weather conditions and inventory data play an important role in the natural gas market.
From a technical perspective, the NGCUSD pair has the potential to maintain its upward trend by staying above the support levels of 3.67 and 3.62. In upward movements, the resistance levels of 3.74, 3.80, and 3.86 should be monitored. The pair, experiencing a 1.86% drop during the day, has an RSI indicator at the 38 level, exhibiting a negative outlook. If the 3.67 support is breached, the possibility of a pullback to the 3.57 level could arise.
The EUR/USD pair is being closely monitored this week in light of the Service PMI data from Europe and the US, as well as the anticipated economic data from the Eurozone, Germany, and the US. Notably, the US Non-Farm Payroll data and the FOMC meeting minutes to be released this week may have significant impacts on market direction. While the CPI and Service PMI data from Germany affect the Euro, the US Dollar Index's efforts to strengthen towards its November 2022 peaks are exerting pressure on the pair.
On the technical chart, the EUR/USD pair is trading just below the 1.0330 level. In its downward movements, 1.0280, 1.0230, and 1.0185 support levels appear crucial. For upward movements, resistance levels of 1.033, 1.0385, and 1.044 can be observed. The RSI indicator is in a neutral stance, and the market is following an indecisive trend. The pair has recorded a decline of 0.043% compared to the previous day. Within this data framework, it can be assessed that the pair may remain under pressure as long as it stays below the 1.0385 resistance level.
The GBP/USD pair is being carefully monitored this week ahead of significant economic data such as Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings, alongside Service PMI data from Europe and the US. Employment data from the US, in particular, could shape market expectations ahead of the upcoming Fed meeting. CPI and Service PMI data to be announced from Germany could also impact the pound. It should be considered that the movement of the dollar index plays a vital role in the GBP/USD pair and that a strong dollar creates pressure on the pair.
From a technical standpoint, the pair is moving below the 1.2445 resistance level. Unless this resistance area is surpassed, there is a possibility of a pullback towards the 1.24, 1.236, and 1.2315 support levels. In upward movements, the 1.2485 and 1.2525 levels may be monitored as resistance. The RSI indicator is at a level of 45, presenting a neutral outlook. The pair has shown a downward change of 0.16% compared to the previous day, indicating that short-term selling pressure may continue.
The USD/TRY pair stands out with the Turkish Lira showing a relatively strong stance in an environment where emerging market currencies exhibit different performances against the US dollar. The negative trend of Asian indices in external markets is among the factors affecting the overall outlook of the dollar before the US employment data. Limited losses in the dollar index are causing weakness in Asian currencies, while the USD/TRY pair is trading at the 35.31 level. The cautious stance of Fed officials on inflation and China's efforts to stabilize the market are among other significant factors shaping the volatility in global markets.
From a technical perspective, the USD/TRY pair maintains a positive outlook by staying above the 35.15 support level. In upward movements, resistance levels at 35.35, 35.40, and 35.45 can be monitored. If it remains above the 35.50 level, which is the upper point of the Envelope indicator, the pair may strengthen its current upward trend. In downward movements, the 35.22 and 35.15 support levels stand out as important areas. The RSI indicator is at neutral levels, displaying a 0.09 percent decrease compared to the previous day. It's indicated that the pair may show a tendency to consolidate in a narrow range.
Despite the limited losses in the Dollar Index, ounce gold declined on the first trading day of the week. Statements made by Fed officials Daly and Kugler over the weekend suggest that the Fed will approach rate cuts more cautiously this year, which continues to exert pressure on ounce gold. The selling pressure in Asian markets and the weakening of Asian currencies against the dollar are external factors that could also affect gold prices. Important economic data coming from the US in the coming days could be decisive for the direction of gold.
From a technical analysis perspective, ounce gold is moving in a tight range between the levels of 2633 and 2650. This area can be considered a decision point. In upward movements, surpassing the 2650 resistance level is important for strengthening the positive outlook. If the 2650 level is exceeded, the 2660 and 2666 levels will be monitored as the next resistance points. In downward movements, falling below the 2633 level could lead to targeting the support levels of 2625 and 2620. The RSI indicator is at 48, showing a neutral stance. On a daily basis, ounce gold is down by 0.28%.
Oil prices maintain their upward outlook despite limited pullbacks in the Asian session. Expected stimuli from China and projected cold weather conditions in Europe and the US are supporting oil prices with predictions of increased heating oil demand. Additionally, confirmation of demand through declining inventories continues to have a positive impact on prices. The sell-driven trend in Asian stock markets and limited losses in the dollar index are among the notable developments ahead of important data releases in the US.
Technically speaking, the WTIUSD pair continues to hold above the 73.00 – 73.50 support levels on the 4-hour chart. In upward movements, the first resistance levels can be observed at 74.00 and 74.50. Further up, the 75.00 resistance is noteworthy. In potential pullbacks, the 73.00 – 73.50 support levels remain significant. Below these levels, 72.50 and 72.00 may come into play. The RSI indicator is at 40 and exhibits a negative outlook. A 0.31% decrease compared to the previous day is observed.
The BRNUSD pair experienced a limited pullback during the Asian session amid expectations of more stimulus measures from China and increased demand for heating oil due to the approaching cold weather conditions in Europe and the US; however, it generally maintained its upward outlook. The demand increase, confirmed by declining inventories, provides support to oil prices, while the intraday performance of the European and US stock markets can also be closely monitored. Movements in the dollar index and US employment data are among the factors that could create volatility in the markets.
From a technical perspective, the BRNUSD pair is trading just below the 76.00 level on the daily chart. As long as the pair maintains the 75.50 - 76.00 support zone, upward movements may be possible. In the continuation of the rise, resistance levels of 76.5, 77.00, and 77.50 can be observed. In the event of potential pullbacks, if the 75.50 support is broken downward, levels of 75.20 and 74.65 may come into focus. The RSI indicator is at the 48 level, displaying a neutral trend, and a daily decrease of 0.37% is observed.
The NASDAQ100 index managed to maintain Friday's gains despite the rise in U.S. 10-year Treasury bond yields. Technology stocks, particularly Tesla, Nvidia, MicroStrategy, Palantir, and AMD, were at the forefront of this upward movement. The Asian markets starting the week with sell-offs and their weaknesses against the dollar may increase interest in U.S. markets. The cautious stance of Fed officials regarding inflation and the significant data flow concerning the U.S. economy are also among the factors drawing investors' attention.
Technically, the NASDAQ100 index is trading between the critical levels of 21400 – 21600. It is important for the index to rise above the 21600 level to gain a positive direction. In this case, the resistance levels of 21700 and 21800 could be observed. However, for declines to come to the forefront, staying below the 21400 level is necessary, in which case the support levels of 21300 and 21200 could become important. The RSI indicator is at 54.6, and the market is exhibiting a positive trend, indicating potential for a short-term rebound. The index has increased by 0.26% compared to the previous day.
The DAXEUR pair seems to be setting its course for the new week with significant economic data expected from Europe and the USA. In particular, Germany's CPI and Services PMI data could provide clues about the Eurozone's economic condition. The U.S. Non-Farm Payrolls, Unemployment Rate, and Average Hourly Earnings data to be released on Friday may also increase market activity. Noticeable selling pressure in the Asian markets may reflect on the European markets. The Dollar Index has experienced limited losses as it becomes evident that the Fed plans fewer interest rate cuts than expected in its projections.
From a technical perspective, the DAX40 index is showing a constrained appearance in the 20000 - 20185 band region. For the index to establish a clearer direction, it needs to exhibit permanent movements outside this band. Above, the 20280 and 20385 levels stand out as significant resistance points, while below, the 19900 and 19800 levels are monitored as support. The RSI indicator is at 60, showing a positive outlook. A slight rise of 0.35% compared to the previous day is observed. The overall view suggests that the range-bound movement may continue.
U.S. natural gas futures started the week with an increase of over 5% due to cold weather forecasts. Cold weather conditions expected in the U.S. until mid-January are predicted to increase heating demand. While this situation causes a rise in prices, profit-taking had been observed in the past due to the absence of new narratives. Investors can evaluate market developments by monitoring the course of the European and U.S. stock exchanges throughout the day.
From a technical perspective, the NGCUSD pair is trading near the 3.57 resistance level on the daily chart. If this level is surpassed, the 3.62 and 3.67 resistance levels might come into play. In downward movements, the 3.47, 3.43, and 3.40 support levels can be monitored. The RSI indicator is at 61 and presents a positive outlook. It can be seen that the pair has risen by 4.55% on a daily basis. This data may indicate that prices could follow a positive trend in the short term.
The increase observed in the Dollar Index following the ECB's interest rate cut has caused significant fluctuations in the markets. U.S. President Trump's statements regarding tariffs have heightened investors' search for safe havens, paving the way for gold to reach new record highs. Today, important data such as the core PCE price index, employment cost index, and Chicago PMI will be monitored.
The precious metal, gold, is currently trading above supportive indicators in the short term. If gold continues to remain above the 2770 – 2780 range, upward expectations may strengthen. Should the upward trend persist, levels of 2800 and 2810 may be tested. Holding above the 2800 level will be regarded as a critical threshold for the continuation of positive expectations. In an alternative scenario, sustaining below the 2770 – 2780 range could lead to a strengthening of negative trends.
Oil futures are showing a recovery trend as markets monitor whether tariffs will be applied to Canada and Mexico. While Trump has reiterated his intention to implement his plan, it remains uncertain whether oil will be exempt from this process.
If prices remain above the 73.00 support level, an upward outlook may be possible. In potential rises, the 74.00 and 74.50 levels can be targeted. However, as long as the 73.00 support holds, a new upward potential could emerge during declines. Therefore, it is essential to track movements and hourly closures below 73.00 to maintain the downward pressure. In such a scenario, the levels of 72.50 and 72.00 may also come into play. The critical level for the day has been set at 73.00.
Oil futures have begun to show signs of recovery as the process of implementing tariffs on Canada and Mexico is being monitored. Trump reiterates that he will implement his plan, creating uncertainty about whether oil will be subject to any exceptions.
If prices remain above the support level of 76.00, the likelihood of an upward trend continuing increases. Should prices start to rise, levels of 77.00 and 77.50 could be targeted. On the other hand, as long as the 76.00 support remains valid, a new upward potential may emerge. However, for a downward movement to continue, closures below the 76.00 level should be observed. In this case, levels of 75.50 and 75.00 may come into play. The critical level for the day has been set at 76.00.
After the DeepSeek tremor, recovery efforts continue in the markets on the last trading day of the week. Apple created a positive impact in the after-market with the financial results it announced after the market close. The rise in 10-year bond yields is limiting the increases in the NASDAQ100 Index. Today, important data such as the core PCE price index, employment cost index, and Chicago PMI will also be monitored.
The NASDAQ100 index is trading above the level supported by the indicators we analyzed. According to short-term technical assessments, as long as it remains within the range of 21400 – 21600, supported by the 21 (21603) and 233 (21435) period exponential moving averages, upward expectations may remain strong. If the desire for an upward movement continues, levels of 21820 and 21900 could be targeted. In an alternative scenario, to witness a negative trend, it will be necessary to maintain a position below the 21400 – 21600 region; in this case, a movement towards the 21300 and 21200 levels may occur. The critical level of the day: the 21400 – 21600 region.
Global stock indices made a strong start to the new year. In the Asian market, China and Japan are moving in different directions, while the positive reactions from the US and Europe stand out. While the average 12-month analyst expectations for the indices range from 10-15%, it has been observed that some indices have met 40% and others 85% of this within the month. This situation may allow for upward revisions of analyst expectations thanks to the alignment of fundamental and technical indicators. The best-performing index of the month is the Dax40, noted for its optimism exceeding 9%. Following yesterday's ECB and US GDP data, we will conclude January today with the Fed's PCE (Personal Consumption Expenditures) inflation indicator.
When examining the Dax40 index from a technical perspective, the lower point of the Envelope indicator (21585) and the 21-period moving average (21650) are key levels in the short term. The index is expected to maintain its positive outlook above these reference indicators. In this context, possible rises towards levels such as 21900, 22017, and 22135 can be observed. Particularly, the upper point of the Envelope indicator (22017) along with the positive region defined by indicators like 22135 and 22455 is critical for a trend rally or reaction sell-off. In the event of a potential reaction, it should be noted that even if reference indicators are broken, the index's main trend is expected to remain positive above the 55-period moving average (21355) in the medium term. Important levels of the day: 21585 and 22017.
U.S. natural gas futures continue to be under pressure in early February due to the influence of weather forecasts. During the day, the movements of European and U.S. stock markets should be monitored closely.
If prices remain below the resistance levels of 3,100 – 3,140, a downward trend may become prominent. In potential declines, the levels of 3,040 and 2,975 can be targeted, while the 3,100 – 3,140 resistance zone is critical for upward movements. Hourly closes above this level could gain momentum towards the levels of 3,190 and 3,250. The significant level of the day is the range of 3,100 – 3,140.
The EUR/USD pair is trying to find direction under the influence of messages from major central banks like the ECB and the Fed. This week, the US PCE inflation data and the movements in the Dollar Index will play a critical role. The movement around the 34-day average of the Dollar Index could be decisive in determining which scenario, a strong dollar or a weak euro, will develop. On the euro side, Germany’s inflation data is an important area to follow in terms of its impact on the ECB's interest rate policy.
On the chart, it can be seen that the EUR/USD pair is at a decision stage between the 1.0380 and 1.0430 levels. The current price is hovering close to the 1.038 level, showing a 0.04% decrease from the previous day. Support levels are considered at 1.038, 1.033, and 1.027, while resistance zones can be monitored at 1.043, 1.048, and 1.0545. The RSI indicator is exhibiting a neutral outlook and the market continues to show a volatile trend.
The GBP/USD pair continues to find direction this week with announcements from central banks such as the ECB and the Fed. Following the US GDP and ECB decisions announced yesterday, today markets will be focusing on the Fed's PCE data, which is an inflation indicator. The Dollar Index's stance on short-term indicators could play a decisive role on the pair. If the dollar exhibits a strong outlook, there could be pressure on the Sterling. In this environment of uncertainty, investors will be closely watching the data to be released for the rest of the week.
From a technical perspective, the GBP/USD pair is in a decision phase, moving between levels of 1.2395 and 1.2480. On the chart, the levels of 1.2395, 1.236, and 1.2315 can be monitored as support, while upwards movements face resistance at 1.244, 1.248, and 1.25225. The RSI indicator shows a neutral outlook close to the 50 level, suggesting that significant resistance or support levels need to be broken for the pair to establish a direction. Compared to the previous day, there is a 0.01% change observed in the pair.
The USD/TRY pair is moving in the light of emerging market dynamics, with the weak performance of the Turkish Lira drawing attention. While other emerging market currencies like the Malaysian Ringgit and Colombian Peso show different performances, the relatively weaker outlook of the Turkish Lira supports the upward trend of the USD/TRY pair. Additionally, significant economic developments such as upcoming PCE inflation data from the US and Fitch's credit rating assessment for Turkey may affect the short-term movements of the pair.
From a technical perspective, while the USD/TRY pair is trading near the resistance level of 35.87, if this level is exceeded, the resistance zones at 35.93 and 35.98 can be monitored. In downward movements, the levels of 35.80, 35.71, and 35.66 are followed as support. The fact that the lower point of the Envelope indicator is at 35.62 indicates that as long as the pair remains above this level, it may maintain its upward trend. The RSI indicator presents a neutral view. The pair has increased by 0.24% compared to the previous day and may experience a squeeze between the support and resistance levels.
Despite the rise in the Dollar Index following the ECB's interest rate cut, Trump's statements on tariffs increased demand for gold, considered a safe haven. This allowed the ounce of gold to appreciate and reach new record levels. Today, the core PCE price index, employment cost index, and Chicago PMI data from the US economic calendar will be closely monitored.
Technically, the ounce of gold is above the support area at the 2790 level. This situation could support the continuation of the upward movement. Gold may test the resistances at 2800 and 2810 levels. However, if the price stays below 2790, a pullback towards the 2780 and 2770 support levels might occur. The RSI indicator presents a neutral outlook at level 50. The price change was limited to 0.01% compared to the previous day.
WTI oil prices are showing a recovery trend as developments regarding the imposition of tariffs on Canada and Mexico are monitored. While U.S. President Trump's determination on tariffs continues, it remains uncertain whether oil will be an exception in this context. Markets are closely following the PCE inflation data from the U.S. along with news from Canada and Mexico. This situation could affect the direction of oil prices.
Technically, WTI prices have fallen below the 73.00 support level, and movements below this level indicate that downward pressure may continue. In downward movements, the 72.50 and 72.00 levels stand out as important support points. In upward movements, the 74.00 and 74.50 levels can be monitored as resistance points. The RSI indicator is at 52 and exhibits a neutral outlook. There is a 0.33% increase in prices compared to the previous day, which may indicate that the market is in a slight recovery effort.
The oil market is drawing attention with uncertainties regarding the implementation of tariffs on Canada and Mexico. Trump's statement that he will continue applying tariffs increases volatility in the market and puts pressure on oil prices. Market participants are waiting for the uncertainty over whether the tariffs will include oil to be resolved. On the other hand, economic data from the U.S., particularly indicators such as PCE inflation, are being closely monitored for their impacts on the Fed's interest rate policies.
From a technical perspective, BRNUSD prices are trying to hold above the 76.00 support on the 4-hour chart. As long as this level is maintained, the upward movement may continue. Resistance levels are highlighted at 77.00 and 77.50, while in case of a decline, levels of 75.50 and 75.00 could be targeted. The RSI indicator is showing a neutral outlook around the 50 level. On a daily basis, the price is down by 0.32%, indicating a sideways market trend.
The NASDAQ100 index is attempting to recover on the last trading day of the week following the DeepSeek shake-up. While Apple's strong financial results positively support the market, the recovery in 10-year bond yields has limited the rises on the index. Today, key economic data such as the core PCE price index, employment cost index, and Chicago PMI will be monitored. These data could provide a new direction for the markets, especially concerning the Fed's interest rate policy.
Technically, the NASDAQ100 index is trading above the 21600 - 21400 support zone. If the upward movement of the index continues, the resistance levels of 21820 and 21900 could be tested. However, if the index falls below this support zone, a decline toward the 21300 and 21200 levels could occur under 21400. The RSI indicator is hovering at a neutral level, indicating that the market has not gained a clear direction. With a daily increase of 0.65%, the index's upward trend could be maintained.
The DAXEUR pair is drawing attention as global stock indices make a strong start to the new year. Positive movements, especially in European and US markets, are setting the stage for upward revisions of analyst expectations. Germany's DAX 40 index stands out as one of the best-performing indices of the month with a performance exceeding 9%. Following ECB and US GDP data, significant impact on the markets is expected today with the Fed's inflation indicator, the PCE.
When examining the DAXEUR index technically, movements close to the 21900 resistance level are noteworthy. In upward movements, the resistance levels at 22017 and 22135 might be significant. The RSI indicator on the chart shows that the market is displaying a neutral outlook and is not in the overbought or oversold zone. The index is trading at 21823, marking a 0.33% decline compared to its previous close. In downward movements, support levels at 21775, 21650, and 21585 can be monitored.
The NGCUSD pair remains under pressure due to the impact of U.S. natural gas futures and February weather forecasts. As the developments in European and U.S. stock markets are closely monitored, global economic data and market dynamics under the Trump administration also influence pricing. Key data like PCE inflation could shape the Fed's interest rate policy, which might indirectly affect natural gas prices.
Technically, the NGCUSD pair is trading below the 3.14 resistance level on the four-hour chart. In downward movements, levels of 3.04 and 2.975 can be watched for support. In case of an upward recovery, the resistance levels of 3.14 and 3.19 may come into focus. The RSI indicator is at the 48 level, showing a neutral outlook. A 0.11% decrease is observed in the pair, indicating slight pressure in the market.
We are leaving behind a week filled with messages from critical central banks and the first month of the year. Following yesterday's ECB announcements and US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be monitored. Although the classic Dollar Index is positioned above the 233-day average (104.80), which presents a medium-term positive outlook, the volatility around the 34-day average (107.73) draws attention in the short term. Under the influence of a strong Dollar and a weak Euro with Sterling themes, the short-term indicators of the index play a decisive role.
Looking at the EURUSD parity, the 1.0380 - 1.0430 range, where the 55 and 233-period averages are located, is at a critical decision stage. During a period when the Dollar Index is also in the decision-making process, movements in this range could have significant effects on the future of the parity. Just like in the DXY, the pricing behaviors of the averages in EURUSD should be closely monitored, and the direction it will take at this stage remains a topic of curiosity. The important levels for the day are set at 1.0380 and 1.0430.
We are completing a week marked by the messages of important central banks like the ECB and the Fed, as well as the first month of the year. Following yesterday's ECB meeting and the US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be closely monitored. While the classic Dollar Index shows a medium-term positive outlook above the 233-day average (104.80), it is fluctuating around the 34-day average (107.73) in the short term. Uncertainty continues regarding whether the dollar will strengthen and weaken against the euro and pound. Therefore, the short-term situation of the index is critically important.
In the GBPUSD pair, the range between 1.2395 and 1.2480, where the 55 and 233-period averages lie, stands out as a decisive area. As the Dollar Index attempts to make a decision, it is a point of interest whether the pair can remain above this level or fall below it and enter a negative trend. Just like in DXY, the pricing behavior of averages in GBPUSD should be monitored closely. The important levels for the day have been identified as 1.2395 and 1.2480.
The performance of currencies in emerging markets against the US Dollar continues to vary. This morning, the weakest currency was the Malaysian Ringgit, which stood out with a 0.70% depreciation, while the Colombian Peso was recorded as the strongest currency with a 0.08% increase. The Turkish Lira is among the weaker currencies with a 0.25% depreciation, and the USDTRY exchange rate is trading at around 35.86.
In short-term assessments, the lower point of the 1. Envelope indicator at 35.62 for the USDTRY exchange rate is seen as an important support level. As long as the rate remains above this level, it may follow a positive trend. The levels of 35.87, 35.93, and 35.98 are highlighted as potential resistance points. Sustaining above 35.98 could strengthen the current trend. However, unless there is sharp TL-based news flow, a consolidation between 35.62 and 35.98 is likely.
Following the ECB's interest rate cut, a significant increase was observed in the Dollar Index. Despite these developments, President Trump's intention to impose tariffs has heightened the search for safe havens, paving the way for gold prices to reach a new record. Throughout the day, important data such as the core PCE price index, employment cost index, and Chicago PMI will be monitored.
The precious metal, gold, is trading above the level supported by the indicators we are tracking in the short term. If gold remains above the range of 2770 – 2780, upward expectations may strengthen. Should the upward trend continue, levels of 2800 and 2810 may be tested. During this process, the behavior of the 2800 level can be considered a crucial threshold for the sustainability of positive expectations. In a negative scenario, it may be necessary to establish a sustained position below the 2770 – 2780 region.
Oil futures continue to show signs of recovery amid uncertainties regarding the implementation of tariffs on Canada and Mexico. While Trump reiterates that his plans will be carried out, it remains unclear how oil will be affected by this process. As long as prices remain above the 73.00 support level, an upward outlook may emerge, targeting the 74.00 and 74.50 levels.
In adverse scenarios, maintaining the 73.00 support could support new upward potential. To sustain the desire for a decline, movements and hourly closes below 73.00 should be monitored. In such a case, the levels of 72.50 and 72.00 may come into focus. The critical level for the day has been identified as 73.00.
Oil futures are showing signs of recovery while uncertainty remains over whether tariffs will be applied to Canada and Mexico. Trump has stated he will continue to implement his plan, but there is no clarity on the circumstances under which oil would be exempt.
If prices remain above the support level of 76.00, an upward trend can be expected to continue. In the case of potential increases, levels of 77.00 and 77.50 could be targeted. However, if prices fall below the support level of 76.00, levels of 75.50 and 75.00 may come into play. Therefore, movements and hourly closes below 76.00 should be closely monitored for bearish expectations. The critical level for the day has been set at 76.00.
Following the DeepSeek tremor, efforts to recover in the markets continue on the last trading day of the week. Positive movements in after-market trading following Apple's financial results have boosted investor morale. However, increases in the 10-year bond yields have limited the gains in the NASDAQ100 Index. Today, core PCE price index, employment cost index, and Chicago PMI data will be monitored.
The NASDAQ100 index is trading above the level supported by the indicators we are tracking. In short-term technical analysis, as long as it remains within the range of 21400 – 21600, supported by the 21 (21603) and 233 (21435) period exponential moving averages, upward expectations may strengthen. If the upward trend continues, levels of 21820 and 21900 may be tested. In an alternative scenario, if there is a sustained stay below the 21400 – 21600 range, a movement towards the levels of 21300 and 21200 could be observed. The critical level of the day: 21400 – 21600 range.
Global stock indices demonstrated remarkable performance at the beginning of the new year. While it was observed that China and Japan moved in different directions in Asian markets, positive responses from the US and Europe stand out. The average 12-month analyst expectation for the indices varies between 10-15%, yet this month, some indices have met 40% of these expectations, while others have met 85%. This situation not only indicates alignment between fundamental and technical indicators but may also allow for upward revisions in analyst forecasts. The Dax40 index is showcasing the best performance of the month with over 9% optimism.
When conducting a technical analysis of the Dax40 index, the lower point of the Envelope indicator (21585) and the 21-period average (21650) emerge as critical levels in the short term. The index is expected to continue exhibiting a positive outlook above these reference indicators. In this context, upward movements towards levels of 21900, 22017, and 22135 may be observed. The upper point of the Envelope indicator (22017) and other indicators provide significant clues about a potential trend rally or corrective sell-off.
U.S. natural gas futures are displaying a weak outlook again, influenced by weather forecasts for early February. It is possible to monitor the developments in European and U.S. stock markets throughout the day.
If prices remain below the resistance level of 3.100 – 3.140, the likelihood of a downward movement increases. In the event of a decline, levels of 3.040 and 2.975 may be targeted. If a recovery occurs, the status of the 3.100 – 3.140 resistance level is critically important. If this resistance is broken, levels of 3.190 and 3.250 may come into consideration with hourly closures. Among the key levels of the day, 3.100 – 3.140 stands out.
The EURUSD pair continues to be influenced by global economic developments. Following the meetings of the European Central Bank (ECB) and the US Federal Reserve (Fed), a new pricing process has started in the markets. US President Trump's imposition of tariffs on Canada, Mexico, and China has caused a strong rise in the dollar index while putting pressure on the Euro and the Sterling. This week, important economic indicators such as the Bank of England's interest rate decision and US non-farm payroll data could also be decisive in the course of the pair.
From a technical perspective, the EURUSD pair is maintaining its downward trend, remaining below the resistance level of 1.027. In downward movements, the levels of 1.021, 1.0175, and 1.0135 can be monitored as support. According to the latest data on the chart, the pair shows a decline of 1.14%, displaying a negative outlook. The RSI indicator is at the 30 level and is in a position close to the oversold territory, indicating a potential for short-term recovery.
The GBP/USD pair began a volatile week due to ongoing uncertainties in global markets and Trump's implementation of import tariffs. The strong performance of the dollar index is increasing pressure on the Sterling, while macroeconomic data from the Eurozone and the US are being closely monitored. This week, the Bank of England's (BoE) interest rate decision and US employment data could have critical impacts on the pair. Additionally, trade wars and the tariffs imposed by Trump are continuing to heighten market fluctuations.
According to the technical outlook, the GBP/USD pair is trading around the 1.22721 level. Resistance levels are being watched at 1.2315, 1.236, and 1.2395, while 1.223, 1.2185, and 1.214 levels serve as support. The RSI indicator points to a neutral outlook, with the pair having depreciated by 0.96% compared to the previous day. The current technical setup suggests a potential pullback towards the support levels for the pair.
The USD/TRY pair is affected in global markets by the tariffs imposed by the US on imports and the weakening of emerging market currencies against the dollar. Turkey's high inflation and the Central Bank of Turkey's interest rate policy increase the pressure on the Turkish Lira, while the rise in the dollar index due to US tariffs creates upward pressure on the pair. The weak performance of the Turkish Lira compared to other emerging market currencies like the Mexican Peso indicates that the upward movement in the USD/TRY pair could continue.
In technical analysis, the USD/TRY pair is testing the 35.90 resistance, and levels of 35.96 and 36.01 can be observed in upward movements. In downward movements, 35.86, 35.80, and 35.71 levels are monitored as support. The RSI indicator is at the 60 level and shows a positive outlook, indicating the continuation of upward momentum. The pair's 0.29% increase compared to the previous day suggests that the upward trend may strengthen.
Spot gold is under the influence of the rise in the dollar index after the US increased import tariffs on Canada, Mexico, and China. While this situation increases the demand for gold as a safe haven, the strengthening dollar puts pressure on gold prices. The ISM manufacturing PMI data to be announced in the US may create new volatility in the markets. Additionally, the high import tariffs of the US have the potential to support the dollar and increase pressure on gold.
Technically, spot gold is priced above the 2780 level but is at a decision stage in the short-term outlook. The RSI indicator is at level 45, showing a neutral market outlook. Gold prices have declined by 0.59 percent. While upward movements may be monitored at resistance levels of 2790 and 2800, potential pullbacks may highlight support levels at 2770 and 2760. The 2770-2780 region stands out as the important level of the day, and pricing below this region may increase the risk of turning negative.
WTIUSD started the week actively due to the tariff implementations introduced by Trump against Canada, Mexico, and China. While rises in oil futures were observed, it was reported that a lower tariff bracket would be applied to Canada's energy imports. These developments were among the significant factors affecting oil prices. Monitoring the course of European and U.S. stock markets during the day could also impact pricing. Trump's tariff implementations might push inflation upwards in the U.S., which could cause interest rates to remain higher for a longer period.
On the chart, WTIUSD is observed to be trading at the support levels of 73.00-73.50, and as long as it remains at these levels, an upward outlook is prominent. While the levels of 74.50 and 75.00 can be monitored as resistance, possible declines could bring 72.50 and 72.00 levels into focus. The RSI indicator exhibits a neutral trend around the 50 levels, with a daily increase of 0.26% recorded. This technical outlook suggests that prices may fluctuate within a certain range.
The NASDAQ 100 index is negatively impacted by concerns regarding President Trump's imposition of tariffs on imports from Canada, Mexico, and China. This situation creates a general selling pressure in the markets, and expectations of retaliation from the U.S.'s trading partners make the situation even more complicated. On the economic data front, the ISM manufacturing PMI and manufacturing PMI price index will be closely monitored by the markets.
From a technical perspective, the NASDAQ 100 index is attempting to find support at the 20975 and 20900 levels on the daily chart. If the downward pressure continues, the 20785 support level may also come into play. For the index to recover, the resistance levels at 21100, 21200, and 21300 are crucial during upward movements. The RSI indicator is at the 40 level, showing a negative outlook. The index has declined by 2.51% compared to the previous day.
The EUR/USD pair is focused on tomorrow's U.S. employment data following the release of significant data this week, such as PMI, CPI, ADP NFP, and JOLTS. Today, with U.S. stock markets closed due to the funeral of the 39th U.S. President Jimmy Carter, attention has turned to the speeches of some Fed officials. The dollar index is maintaining a strong position above its 34-day average, displaying a profile close to the 109.30 level tested on the first trading day of the year. This indicates that the dollar may remain strong in the short term.
Technically, the EUR/USD pair is moving within a downtrend starting from the 1.0440 level on the 4-hour chart. The pair continues to remain below the 233-period average, indicating the continuation of the negative trend. Currently, the support levels of 1.0280 and 1.0230 are important. In upward movements, resistance levels of 1.033 and 1.0375 can be monitored. The RSI indicator is at the 40 level, showing a negative trend. The pair has depreciated by 0.09% compared to the previous day. A possible permanence below the 1.0230 level could create additional pressure on the pair.
The GBP/USD pair experienced a volatile week with the release of significant economic data. Markets are acting cautiously, especially ahead of the US Non-Farm Payrolls data. In the US, stock trading will be closed due to the funeral of former President Carter, which might result in low-volume transactions in the market. While the dollar maintains its strong stance, the speeches of Fed officials are being closely followed in the markets. The pound shows a more resilient profile compared to the euro, but had a weak start against the US dollar.
From a technical perspective, the GBP/USD pair is currently trading at the 1.2335 level. The support levels are tracked at 1.2315, 1.2270, and 1.2230, while resistance levels are monitored at 1.2360, 1.2400, and 1.2440. The RSI indicator is at level 40, depicting a negative outlook. The pair has depreciated by 0.22% compared to the previous day. If the 1.2270 level is breached downwards, the decline could deepen. However, a consolidation between 1.2270 and 1.2485 could also occur.
The USD/TRY pair draws attention with the varied performances of emerging market currencies against the US Dollar. The Turkish Lira ranks among the weakest currencies in the morning hours, with the USD/TRY rate trading near the 35.35 level. Due to the pullback in Asian market indices and the closure of US markets, a calm trend is observed in global markets. However, speeches by Fed officials and anticipated US employment data may continue to impact the markets.
From a technical perspective, the USD/TRY pair is monitored on hourly charts. While the rate finds support at the levels of 35.28, 35.22, and 35.16, resistance levels are observed at 35.40, 35.46, and 35.52 during upward movements. The persistence above the lower point of the Envelope indicator at 35.16 could support the upward movement. The pair’s RSI indicator is at the level of 63, showing a positive outlook. An increase of 0.08% compared to the previous day is observed, indicating that the upward momentum is sustained.
The FOMC minutes indicated that inflation might slow down this year, while highlighting that Trump's policies could pose potential inflationary risks. It was also noted that the FOMC is close to the point of slowing down the rate of interest rate cuts. This situation is creating pressure on the gold ounce price, attracting investors' attention. Throughout the day, speeches by FOMC members are among the factors that could create fluctuations in the markets. Economic developments in China and the U.S., as well as movements in the U.S. bond market, are other important factors to watch.
From a technical perspective, gold per ounce continues to trade above the 2640 – 2650 range in the short term, supporting the upward trend. In upward movements, the levels of 2660 and 2666 can be monitored as resistance. Alternatively, if prices fall below the 2640 – 2650 range, a downward movement towards the levels of 2633 and 2625 may occur. The RSI indicator is currently at the 54 level, showing a positive market trend. Prices have shown a decrease of 0.07% compared to the previous day.
WTI Crude Oil prices maintained their weak trend in the Asian session following the previous day's declines. Although the U.S. Energy Information Administration's report of a 1 million barrel decrease in crude oil inventories was a positive development, the 6.3 million barrel increase in gasoline inventories put pressure on prices. The strengthening of the U.S. dollar and concerns arising from low inflation in China created additional pressure on the market, causing prices to move downward. The performance of European stock markets can be closely monitored throughout the day. As U.S. markets are closed, the speeches of Fed officials, which might impact the markets, should also be carefully followed.
Technically, WTI Crude Oil continues to trade below the 73.50 - 74.00 resistance level during the day. As long as it stays below this level, downward movements are likely to target the 72.50 and 72.00 support levels. In the event of potential upward movements, if the 73.50 - 74.00 resistance zone is breached, levels of 74.50 and 75.00 may come into play. The RSI indicator is at 40, displaying a negative trend. Prices remain under pressure with a 0.04% decline compared to the previous day.
Oil prices continue to remain under pressure during the Asian session after yesterday's declines. Despite the U.S. Energy Information Administration reporting a decrease of 1 million barrels in crude oil stocks, the increase of 6.3 million barrels in gasoline stocks is among the factors exerting pressure on the market. A strong dollar and weak inflation data from China are increasing global economic concerns, creating downward pressure on oil prices. The performance of European markets is being monitored as another factor that could influence intraday price movements.
From a technical perspective, Brent crude continues to trade below the resistance zone of 76.50 – 77.00. As long as it does not surpass this area, a downward outlook may remain prevalent. In intraday declines, the levels of 75.50 and 75.00 can be targeted as support. In potential recoveries, the stance of the 76.50 – 77.00 range will be important; if this area is broken upwards, the levels of 77.50 and 78.00 may come into focus. The RSI indicator is at the 50 level, exhibiting a neutral appearance with a slight increase of 0.09% compared to the previous day.
The FOMC minutes indicate that inflation is likely to slow down during the year, while Trump's policies pointing to potential inflationary risks are putting pressure on the NASDAQ100 index. The minutes' signal that the pace of rate cuts might be slowed is increasing uncertainty in the markets. The closure of U.S. stock markets due to a national day of mourning is among other factors that could affect the index. The decline in Asian indices and weak inflation data from China continue to exert pressure on global markets.
Technically, the NASDAQ100 index is trading within the 21300-21500 support zone. A decision phase scenario prevails in this range. Sustained pricing above the 21500 resistance is needed for positive momentum. In upward movements, the 21600 and 21700 levels can be monitored as important resistances. In downward movements, if it remains below the 21300 support, declines towards the 21200 and 21100 levels can be observed. The RSI indicator is at 45 and shows a neutral outlook. The index has increased by 0.05% compared to the previous day.
The DAXEUR pair is on an upward trajectory as European stock markets make a positive start to the new year. While the Nasdaq100 exhibited the best performance in the US markets, Asian markets registered a decline led by China and Hong Kong. Overall, European markets displayed a positive performance. The DAX40 index is nearing the peak of 20648, gaining over 2%. Uncertainties regarding the US and Chinese economies continue to have an impact on the markets.
From a technical perspective, the DAX40 index is maintaining its upward trend, trading above the 20185 level, where the 50 and 100-period moving averages are located. As long as it remains above the 20385 level, there is potential to rise to the 20648 resistance. In downward movements, the 20385, 20280, and 20185 levels can be monitored as support. The RSI indicator is at the 60 level, displaying a positive outlook. The index continues its upward movement with a 0.04% increase compared to the previous day's close.
US natural gas futures showed recovery due to the decline in stocks, production disruptions, and the strong global demand. While a relatively calm trend was observed during the Asian session, it is important to monitor the course of European stocks. In equity markets influenced by the agendas of China and the US, factors such as the increasing trade restrictions during the Trump administration and low inflation in China heighten risk aversion tendencies. As the sell-off in the US bond market calms, expectations for a Fed rate cut seem to be postponed to the second half of the year.
The NGCUSD pair maintains an upward outlook by staying above the 3.570 - 3.520 support levels. In upwards movements on the chart, the 3.670 and 3.740 resistance levels are significant. In the event of a downward movement, the 3.570 - 3.520 support levels should be closely monitored. Breaking through the mentioned support levels may cause the price to retreat to the 3.470 and 3.430 levels. The RSI indicator is at 52 and displays a neutral outlook. The pair has decreased by 1.37% compared to the previous day.
The EUR/USD pair exhibits an uncertain outlook ahead of the economic data from the U.S. and the upcoming CPI report. The New York Fed's survey results indicate rising inflation expectations, which has a positive impact on the U.S. dollar. Furthermore, the effects of Trump's policies on the markets and speeches by Fed officials are being closely monitored. In the global markets, the U.S. PPI data and speeches by regional Fed presidents are being watched carefully.
From a technical perspective, the pair is weak below the 1.0330 resistance level. Short-term supports are at the 1.0225 and 1.0185 levels. If 1.0185 is broken downward, selling pressure may increase. In upward movements, resistance levels are observed at 1.027 and 1.033. The RSI indicator is at 44, showing a negative trend. The pair has recorded a 0.03% decrease compared to the previous day, which may indicate a cautious market stance.
Before the CPI data to be released in the US, the survey results from the New York Fed and the increase in inflation expectations are drawing attention. In particular, the rise of the 3-year median inflation expectation from 2.6% to 3% may create pressure on the markets. The US PPI data showed an increase above expectations due to the effects of food and electricity prices, which could influence the Fed's monetary policy decisions. Additionally, Trump's stance on new tariffs to be implemented and statements from Fed officials may cause volatility in the markets.
In technical analysis, the GBP/USD pair is trading below the 1.2270 – 1.2315 resistance zone, and as long as it remains below these levels, the pressure is expected to continue. If it stays below the 1.2185 level, the likelihood of the pair pulling back to the 1.2060 levels may increase. On the daily chart, the RSI indicator is showing a neutral outlook at the 44 level. Support levels are observed at 1.2185, 1.214, and 1.21, while resistance levels for upward movements could be at 1.223, 1.227, and 1.2315. The pair is exhibiting a sideways trend compared to the previous day.
The USD/TRY pair is exhibiting a neutral outlook despite the calm trend of the US Dollar in global markets. The PPI data from the US showing an increase above expectations may lead the Fed to be cautious in its future actions. Uncertainties related to Trump's trade policies continue to exert pressure on the dollar. This situation also impacts the Turkish Lira among emerging market currencies. The weak performance of the TL causes the USD/TRY pair to trade sideways during the day.
From a technical perspective, the USD/TRY pair is trading near the 35.47 level. A move above the resistance level of 35.50 in the upward direction could provide momentum towards 35.58 and 35.64 levels. In downward movements, the support levels of 35.37 and 35.28 are being monitored. The RSI indicator at the 50 level offers a neutral outlook. It is observed that the pair has decreased by 0.01% compared to the previous day. In light of this data, the pair seems likely to show a tendency to get stuck in a narrow band.
The ounce of gold is showing signs of short-term recovery with the easing observed after the dollar index rose above the 110 level. This situation could strengthen with news that Trump will adopt a more cautious approach regarding tariffs and the potential impacts of US PPI data on the markets. The stable course of the dollar is facilitating the appreciation of gold. However, the impact of the Fed's interest rate policies and global economic developments on gold prices should be closely monitored.
Technically, the ounce of gold is priced in the 2660-2675 support zone. As long as it remains above this zone, upward movements can be expected to continue. If stability is maintained above the 2675 level, the resistance levels at 2685 and 2693 may be tested. The RSI indicator is at 55, showing a positive outlook. However, if a close occurs below the 2660 level, the support levels of 2650 and 2640 may come into play. Currently, it is observed that the price has increased by 0.33% on a daily basis.
WTI crude oil prices experienced a rise following the US sanctions on Russia, but observed a limited pullback due to profit-taking. The weak demand outlook from China and India's search for alternative markets may limit the impact of the sanctions. Movements in European and US stock markets may also influence the trend of oil prices. Additionally, the PPI data to be announced in the US and the statements from Fed officials are being closely monitored by the markets.
From a technical perspective, WTI crude oil prices are trying to stay above the support levels of 76.00 – 76.50. If the upward movements continue, the resistance levels of 77.50 and 78.00 could be targeted. In downward movements, the 76.00 – 76.50 support plays a critical role. Hourly closures below this level could lead to testing of the 75.50 and 75.00 support levels. The RSI indicator is currently at the level of 48, showing a neutral trend. A decline of 0.19% has been recorded compared to the previous day.
Following the new sanctions imposed by the US on Russia, there was an observed rise in oil prices. However, on Tuesday, due to profit-taking, prices experienced a limited pullback. Although the search for alternative markets by China and India is on the agenda, China's weak demand may limit these effects. The trend in European and US stock markets may also influence oil prices. US PPI data and speeches by Fed officials are closely monitored by the markets and could be decisive for pricing.
Technically, the BRNUSD pair is trading above the 80.00 – 80.50 support levels. As long as it remains above these levels, an upward movement seems prominent. In potential upward movements, the resistance levels of 81.00 and 81.50 may be monitored. However, the pair is currently trading at 79.795 and is exhibiting a 0.56% decrease. The RSI indicator displays a neutral outlook. In downward movements, if the 80.00 - 80.50 support zone is breached, the levels of 79.50 and 79.00 may come into focus.
The NASDAQ100 index is showing some recovery as U.S. 10-year treasury yields pull back from high levels. News that Trump will implement tariffs gradually has had a positive effect on the index, resulting in calm trading in the dollar. While a mixed trend is observed in Asian markets, the decline in U.S. tech stocks is notable. The PPI data to be released during the day could also have an impact on the market. This data may provide clues about the Fed's next steps in the coming period.
Technically, the NASDAQ100 index is currently trading below the 21100 – 21200 resistance zone, which is suppressing uptrends. On the downside, the support levels of 21000 and 20900 are important. A negative outlook may continue under the pressure of the 21-period exponential moving average. The RSI indicator is at 44, displaying a negative trend. To gain upward momentum, the index needs to sustain prices above the 21200 level. If it surpasses this level, the 21300 and 21400 resistances could come into play. With a 0.18% increase from the previous day, the index is exhibiting a short-term sideways trend.
The DAX 40 index started the week under the influence of negative pricing in European markets, along with mixed trends in Asian markets and the kickoff of the US earnings season. In Japan, expectations of a possible rate hike by the BOJ and economic developments in China are causing divergences among global indices. However, the DAX 40 index is seeking balance around averages, with a tendency to accept these areas as a bottom, indicating buyers' desire to be stronger. This could be decisive for the index's performance.
From a technical perspective, the 50 and 100-period moving averages located in the range of 20220 - 20305 are critically important for the DAX 40 index in the short term. If the index continues to remain above these averages, it is observed that the potential for upward movements could continue. Particularly if stability above the 20385 level is achieved, a move towards the 20648 peak might remain on the agenda. However, if the index dips below the 20185 level, a retreat to the medium-term support level of 19800 could be considered. The RSI indicator is at 60, presenting a positive outlook and supporting market optimism.
U.S. natural gas futures fell below Friday's closing levels after a more than 10% rise at the beginning of the week. This situation seems to be linked to some institutions' statements that temperatures may be higher than expected towards the end of the year. The intraday movement of European and U.S. stock markets could influence the natural gas market. Additionally, concerns that Trump might complicate the trade environment with new tariffs, fluctuations in the dollar, and uncertainties regarding the Fed's interest rate policies will also affect the market's direction.
From a technical perspective, the NGCUSD pair is currently trading at the 4.101 level on the 4-hour chart. In upward movements, the 3.96 resistance is monitored, and if this level is breached, 4.02 and 4.09 levels can be considered potential targets. In downward movements, the 3.86 support is a critical level, and if it is breached, 3.8 and 3.74 support levels might come into focus. The RSI indicator is at 58 and shows a positive trend. The pair has experienced a 0.66% change compared to the previous day.
The EUR/USD pair is exhibiting a volatile trend influenced by economic developments from the U.S. Trump's plans to gradually implement tariffs and the U.S. PPI data falling short of expectations are causing partial reactions in the dollar index. This may lead the EUR/USD pair to seek reactions within the trend. U.S. CPI data and speeches by regional Fed presidents are among the factors that could be decisive for the direction of the pair. The impact of economic data from Europe and the U.S. can play a significant role in the short-term movements of the pair.
Technically, the EUR/USD pair continues to remain under pressure below the 1.0330 resistance level. In the short term, support levels of 1.027 and 1.0225 are being monitored. If the pair breaks below the 1.027 level, it may increase downward pressure. Upward movements should watch the resistance levels at 1.033 and 1.038. The RSI indicator offers a neutral outlook on the hourly chart. The pair is showing a decline of 0.07% compared to the previous day, indicating that the current trend could continue.
The GBP/USD pair seeks a reaction with movements in the Dollar Index as it anticipates the CPI data to be released in the USA. Trump's tariffs and the US PPI data falling short of expectations have caused partial pullbacks despite the dollar index reaching the 110 level. Under these conditions, potential impacts on the Sterling may be observed due to the pending release of UK CPI data as well. The forthcoming US CPI data possesses the potential to reshape expectations for the Fed's rate cuts in the first half of the year.
According to the technical outlook, the GBP/USD pair continues to remain pressured below the 1.2270 – 1.2315 resistance zone. Sustained movements below 1.2185 in the pair increase the expectation of a pullback towards the 1.2060 support level observed in October 2023. In upward movements, the 1.223 and 1.227 levels can be monitored as initial resistances. The RSI indicator is around 40 levels, showing a negative trend. Based on the previous day's price movement, a 0.09% decrease is observed in the pair.
The USD/TRY exchange rate stands out with the volatility of emerging market currencies against the US Dollar. The Turkish Lira is experiencing a fluctuating trend against other currencies due to the expected announcement of US inflation data during the day. The US inflation data could be decisive regarding how the Fed will shape its interest rate policy. Economic uncertainties and economic data from the US continue to create pressure on the Turkish Lira. Despite the general weakening trend of the Dollar, the TL displays a limited range of movement throughout the day, also impacted by Turkey-specific risks.
From a technical perspective, the USD/TRY pair is trading at levels close to the 35.50 resistance. In upward movements, the levels of 35.58 and 35.66 gain significance as resistance. In downward movements, the levels of 35.37, 35.30, and 35.22 are monitored as support. The RSI indicator is at the 49 level, exhibiting a neutral market outlook. Compared to the previous day, the pair shows a slight decrease of 0.11%. While the pair exhibits a tendency to be confined within the defined levels, sharp movements could be seen with possible economic developments.
The fact that the US Producer Price Index (PPI) data fell below expectations caused the dollar index to decline, supporting gold prices. The Consumer Price Index (CPI) data to be announced today, along with data such as the NY Fed Empire State manufacturing index, could have significant impacts on gold prices. Additionally, speeches by FOMC members should be followed for market direction. In Asian markets, a mixed trend is observed before the data release, while fluctuations are noted in US bond yields.
Technically, gold is trading below the 2675 resistance level. In case of upward movements, if the 2675 level is surpassed, the 2685 and 2693 resistance levels should be closely monitored. In the event of a downward movement, the 2660, 2650, and 2640 support levels can be followed. The RSI indicator is at the 50 level and exhibits a neutral outlook. The gold price stands at 2678.35, a 0.05% increase from the previous day. The range of 2660 – 2675 emerges as the key level of the day.
WTI crude oil prices are trending downward due to negative expectations regarding global demand. The U.S. Energy Information Administration's prediction that global oil supply will exceed demand supports this decline, while the American Petroleum Institute's announcement of a less-than-expected drop in stockpiles also pressures prices. In this process, the CPI data to be released in the U.S. along with the Energy Information Administration's stock reports should be closely monitored. The mixed course in global markets and the impact of U.S. inflation data on Fed expectations could play a significant role in oil prices.
Technically, when examining the WTIUSD chart on an hourly time frame, it is observed that the price is moving below the 76.50 - 77.00 resistance zone. In the continuation of the downward movement, the levels of 76.00, 75.50, and 75.00 can be monitored as support, respectively. In the case of an upward recovery, the resistance levels of 77.00, 77.50, and 78.00 remain valid. The RSI indicator is at the 47 level, exhibiting a neutral outlook and not signaling a significant directional change in the market. A 0.03% decrease in price compared to the previous day has been recorded.
Oil prices are tracing a downward trend in line with negative expectations regarding global demand. The U.S. Energy Information Administration's forecasts that global oil supply will exceed demand have been influential in this decline. The American Petroleum Institute's stock data showed a smaller decrease than expected, supporting the negative sentiment in the markets. In the upcoming period, U.S. CPI data and stock figures to be announced by the Energy Information Administration can be closely monitored.
From a technical analysis perspective, the BRN/USD pair is moving between the support levels of 79.50 and 79.00 and resistance levels of 80.50, 81.00, and 81.50 on the daily chart. The pair is currently at the level of 79.575, showing a slight pullback. The RSI indicator is at 45, indicating a mildly negative market trend. There was a 0.04% decrease compared to the previous day. As long as prices remain below the 80.00 – 80.50 resistance, the downward outlook is likely to continue.
The NASDAQ100 Index experienced limited pricing after headline and core PPI data in the US fell below expectations. This caused a slight easing in the 10-year bond yields, leading markets to focus particularly on CPI data. The NY Fed Empire State manufacturing index and speeches by FOMC members are also among the important events to be tracked during the day. Observing mixed trends in Asian markets has created a cautious atmosphere regarding the impacts of US inflation data, while uncertainties about the Fed's future rate decisions are causing investors to ponder.
Technically speaking, the NASDAQ100 Index is trading below the 20975 – 21100 region, supported by the 21-period exponential moving average. This region is putting pressure on the index's upward movements, leading to a continuation of the downward trend. If this trend persists, the 20900 and 20785 levels can be monitored as support. To gain upward momentum, the index needs stable pricing above the 20975 – 21100 region. In such a scenario, levels of 21200 and 21300 may be potential resistance levels above 21100. The RSI indicator is moving with a negative trend and has decreased by 0.11% compared to the previous day.
The DAX 40 index is exhibiting a volatile trend due to the mixed outlook of global markets and the impact of economic divergences, particularly in Europe. Germany's positioning in the positive territory, contrasted with the negative trajectory of other European countries like the UK and France, is influencing the movement of the index. On a global scale, US and UK inflation data and speeches from Fed chairs are among the factors investors are closely monitoring. These developments could affect the short-term trend of the DAX index.
From a technical perspective, the DAX 40 index is attempting to maintain stability above the support level of 20,385 on the daily chart. As long as this level is maintained, the index has the potential to test the resistance levels of 20,480, 20,560, and 20,648. The support levels of 20,240 and 20,185 stand out as important levels to watch for downward movements. The RSI indicator is at 53, presenting a neutral outlook, which suggests a lateral movement in price actions. The index, which showed a 0.13% increase today, is trying to maintain its upward trend.
The NGCUSD pair is subject to profit-taking following a rise driven by cold weather forecasts in US natural gas futures. This situation is causing the pair to consolidate around the 34-period exponential moving average during the Asian session. The movements in European and US stock markets throughout the day may influence pricing. Additionally, the December inflation data to be announced in the US is expected to affect Fed expectations. This data could provide new direction to the markets regarding the Fed's interest rate policy.
The chart analysis of the NGCUSD pair indicates that the 3.860 – 3.960 range represents a significant consolidation area on the hourly time frame. The price is positioned near the 3.96 resistance level, and hourly closings above this level may trigger a move towards the 4.02 and 4.09 levels. Conversely, pricing below the 3.86 support could initiate a pullback towards the 3.80 and 3.74 levels. The RSI indicator is showing a neutral trend at the 50 level. There has been a decrease of approximately 1.93% compared to the previous day.
The EUR/USD pair is showing an upward trend following the inflation data released in the United States. The core inflation's first decline in six months had a positive impact on the markets. A decrease in the dollar index was observed, and European currencies reacted positively to this situation. However, other economic data from the U.S. and uncertainties regarding the Trump administration may continue to play a significant role in the course of the EUR/USD pair.
From a technical perspective, the EUR/USD pair is trading below the 1.033 resistance level, and as long as it does not maintain a position above this level, it may remain under pressure. The short-term support levels are set at 1.027 and 1.0225. If these support levels are breached, further decline in the pair may be seen. The RSI indicator is at the 40 level, indicating that the pair is under selling pressure. A slight decrease was observed in the pair compared to the previous day. The 1.033 and 1.038 resistance levels will be significant in upward movements.
The GBP/USD pair received a positive response in the markets following the release of U.S. inflation data. The headline inflation coming in line with expectations and the decrease in core inflation led to a decline in the dollar index and U.S. Treasury yields. This situation resulted in an increase in GBP/USD and other similar assets. However, as data-focused monitoring continues in the markets, important data such as growth figures from the UK and retail sales from the U.S. will continue to be observed.
Technically, the GBP/USD pair remains under pressure below the 1.2315 resistance level. A move below the 1.2185 level in the downward movements could strengthen the expectation of a retreat towards the 1.2060 low point tested in October 2023. In upward movements, the 1.223 and 1.227 resistance levels should be monitored. The RSI indicator is at the 48 level and presents a neutral outlook. It is observed that the pair has declined by 0.27% compared to the previous day.
The USD/TRY pair moves along with the general weakness of emerging market currencies. With a slight depreciation of the Turkish Lira against the dollar, the pair is trading near the level of 35.48. In global markets, especially due to the low inflation data in the U.S. and the Fed's interest rate cut expectations, a general optimism is being created. However, the situation of the Turkish Lira reflects this positive atmosphere in a limited manner, especially due to domestically sourced economic uncertainties.
Technically, the USD/TRY pair is being monitored on a 1-hour time frame on the chart. It is observed that the pair is testing the resistance level of 35.50. In upward movements, the levels of 35.58 and 35.65 stand out as critical resistance points. In downward movements, the levels of 35.37, 35.29, and 35.22 can be monitored as support. The RSI indicator is at the level of 52 and exhibits a neutral outlook. The pair has shown a 0.07% increase compared to the previous day, indicating a slight upward trend.
The core consumer price index in the US falling below expectations strengthened expectations of the Fed's interest rate cuts and caused the dollar to weaken. This contributed to the rise of gold. Throughout the day, data such as retail sales, the Philadelphia Fed manufacturing index, and jobless claims are expected to potentially impact the markets. These expectations of easing in US interest rate policies are paving the way for the increase in gold by boosting its safe-haven demand.
The chart shows that gold continues to trade above the 2675 – 2685 support zone. If the upward trend continues, movements towards the 2700 and 2710 resistance levels could be observed. However, if it falls below the 2675 – 2685 support zone, there is potential for a decline towards the 2666 and 2660 levels. The RSI indicator is at the 60 level and exhibits a positive trend. A decrease of 1.26% compared to the previous day is observed.
According to the statement from the US Energy Information Administration, the ongoing decline in inventories for eight weeks continues, putting upward pressure on oil prices. The slowing core inflation in the US and expectations of potential interest rate cuts by the Fed are also positively influencing the markets. Movements in European and US stock markets may also have an impact on the direction of oil prices.
When examining the WTIUSD chart on a 4-hour time frame, it is observed that the price is trading around the 78.00 - 78.50 support zone. In upward movements, the levels of 79.50 and 80.00 can be monitored as resistance, while in possible declines, if the 78.00 - 78.50 support is broken, the levels of 77.50 and 77.00 could be tested. The RSI indicator is at the level of 48, displaying a neutral outlook. WTIUSD has experienced a 0.35% decrease compared to the previous day.
The inventory data released by the U.S. Energy Information Administration is causing volatility in the oil market. The uninterrupted decline in inventories for eight weeks has contributed to oil futures testing their highest levels since July. The slowdown in core inflation in the U.S. and expectations regarding the Fed's interest rate policies are creating a positive atmosphere in the markets, while the trend in European and U.S. stock exchanges may also affect oil pricing.
Technically, Brent crude is trying to stay above the 81.50 – 82.00 support levels. Maintaining these levels could support the continuation of upward movements and target resistance levels of 83.00 and 83.50. However, in the event of possible declines, breaking the 81.50 – 82.00 support and hourly closings may lead to a pullback towards the 81.00 and 80.50 levels. The RSI indicator is below the 50 level, exhibiting a neutral outlook. Oil prices continue to remain under pressure, with a 0.53% drop compared to the previous day.
The NASDAQ100 index found support as the core consumer price index in the U.S. fell below expectations and the headline inflation showed an annual increase. This situation increased the odds of a Fed rate cut, leading to rises, especially in the technology sectors. Strong performances in semiconductors, communication services, and software contributed to the NASDAQ100's appreciation. Data to be released during the day, such as retail sales and the Philadelphia Fed Manufacturing Index, may cause fluctuations on the index.
Technically, the NASDAQ100 index is trading above the 21200 - 21300 support zone. As long as it remains above this level, there is a possibility for the upward movement to continue, and the resistance levels of 21400 and 21500 could be targeted. However, since the 21500 level is also supported by a descending trend line, the stance at this point should be closely monitored. In an alternative scenario, if the index falls below the 21200 - 21300 support zone, a pullback towards the 21100 and 20975 levels might occur. The RSI indicator is at 45, showing a neutral outlook. The index showed a slight decline of 0.018% compared to the previous day.
DAXEUR is maintaining its upward trend with the positive atmosphere in European markets following inflation data from the US. The slowdown in core inflation in the US has increased expectations for Fed rate cuts, positively impacting the markets. At the same time, a generally positive trend is also observed in the Asian session. The DAXEUR index, benefiting from this positive global atmosphere and inflation optimism, has surpassed the 20648 level, showing an appetite for new peaks.
From a technical perspective, DAXEUR continues its optimism above the 50 and 100-period averages, maintaining between the levels of 20276 and 20385. If the index surpasses the 20765 resistance, it could move towards the 20855 and 20940 resistance levels. The RSI indicator visible on the chart is at the 60 level, indicating a positive trend. Even though the index experienced a 0.13% decline compared to yesterday's close, the overall trend remains positive. In this case, sustained movements above the 20765 level may accelerate the move towards 20940, another Fibonacci trend zone. However, a retreat below the 20648 level could result in a pullback towards the averages.
U.S. natural gas futures tested the week's highest levels with expectations of a cold weather front in the country. Although it encountered some profit-taking during the Asian session, the upward outlook remains intact. The Energy Information Administration's inventory data, which will be released today in the U.S., may affect natural gas prices. Particularly, the slowdown in inflation data in the U.S. and the positive trend in Asian markets are supporting the overall market sentiment positively.
From a technical perspective, the NGCUSD pair continues to trade above the 4.02 - 3.96 support levels. In upward movements, resistance levels of 4.14 and 4.20 can be monitored. On the chart, the RSI indicator is at the level of 40, displaying a negative outlook. The pair recorded a 2.35% decline compared to the previous day. In potential pullbacks, hourly closings below the 3.96 level may bring the 3.86 level into focus.
In the US, the announcement that the Core CPI has fallen for the first time in six months has strengthened expectations that the Fed could cut interest rates in the first half of the year. It is predicted that the European Central Bank may continue with interest rate cuts throughout the year. This situation could support the strong Dollar/weak Euro theme, leading to downward pressure on the pair. In the markets, data from the Eurozone and the UK will be closely monitored alongside data from the US.
Technically, the EUR/USD pair continues to trade below the 1.033 resistance level. The pair may test the 1.027 and 1.0225 support levels. If it falls below these levels, the 1.0185 level can be monitored as a new support. In upward movements, the 1.033 and 1.038 resistance levels will be followed. The RSI indicator is at the 47 level, showing a neutral outlook. The pair has recorded a 0.13% decline compared to the previous day.
Positive inflation data from the US and the drop in core CPI strengthen expectations that the Fed might take steps towards a rate cut sooner. At the same time, weak CPI data in the UK could lead the Bank of England to consider a rate cut. Meanwhile, expectations for four rate cuts from the European Central Bank persist. These factors are causing a volatile trend in the GBP/USD pair. Therefore, data such as industrial production from the US and retail sales from the UK may influence market direction.
When examined technically, the GBP/USD pair continues to stay below the resistance level of 1.2315, maintaining downward pressure. If the pair continues to move below the 1.2185 level, it may test the support levels of 1.214 and 1.21. In upward movements, the 1.227 and 1.2315 levels should be monitored as resistance. The RSI indicator is at the 40 level, showing a negative trend. The pair has lost 0.19% value compared to the previous day's close. A negative short-term outlook is observed.
On a day when emerging market currencies exhibit varying performances against the US Dollar, the USD/TRY pair is trading with a scenario where the Turkish Lira stands out as the weakest currency (with a 0.30% loss). In contrast, the Thai Baht is recorded as the strongest currency with a 0.41% gain. This divergence causes the Turkish Lira to remain weak against the USD, with the pair trading near the 35.53 level. While mixed trends are observed in the Asian markets, there is an environment where global economic data and US interest rate policy expectations could influence the pair.
From a technical perspective, the USD/TRY pair maintains its short-term upward trend by staying above the 35.30 support level. This situation may continue with the pair targeting the 35.58 resistance level. In upward movements, the levels of 35.65 and 35.71 can be monitored. The RSI indicator is at 54 and shows a positive trend. The daily change is 0.31%, indicating an upward movement of the pair. However, a consolidation between 35.30 and 35.65 may be observed. If the supports are broken, pullbacks to the 35.30 level may be seen.
In an environment where the Dollar Index limits its losses despite retail sales data in the US falling short of expectations, geopolitical risks are contributing to the appreciation of spot gold. The tension between Israel and Hamas increases the perception of geopolitical risk, while the Dollar Index's performance limiting its decline suppresses the rises in spot gold. The upward movements following the recent CPI data have become more pronounced due to the impact of geopolitical risks. However, limited pullbacks on the dollar on the last trading day of the week are weakening gold's potential for value gain.
Technically, it is observed that spot gold maintains its position above the 2710 level on the 4-hour chart. As long as it stays above this region, the upward momentum is expected to continue, and resistance levels at 2720 and 2730 can be targeted. The RSI indicator is at 55, exhibiting a positive trend. However, in the event of a possible pullback, the 2710 and 2700 support levels will be important. It is observed that spot gold experienced a 0.08% value loss compared to the previous day's closing.
WTI crude oil prices are showing a recovery trend supported by sanctions imposed on Russia and declining inventories. The drop experienced yesterday was related to speculations of potential easing in Trump's sanctions on Russia. While a mixed trend prevails in Asian markets, there are recovery efforts seen in Japan, China, and Hong Kong indices. Potential interest rate cuts in the US and economic growth in China are among other significant developments that could impact oil prices.
From a technical perspective, WTI prices are trading just above the 78.00 level. The 77.50 and 78.00 levels stand out as significant support levels for the price to maintain its upward movement. In upward movements, the 79.00 and 79.50 resistance levels can be monitored. The RSI indicator is at level 47 and presents a neutral outlook. There is a 0.84% depreciation compared to the previous day. If the 77.50 support is broken, the 77.00 and 76.50 levels may come into focus as potential support points.
Crude oil futures entered a recovery trend in the Asian session following the losses experienced the previous day. Factors such as declining inventories and sanctions against Russia support the upward outlook in the oil market. However, speculation that Trump might soften his stance on sanctions against Russia had been influential in the previous day's decline. The trajectory of European and US stock markets during the day could be decisive for oil pricing.
According to technical analysis, the BRN/USD pair is trading in the 81.00 - 81.50 support zone on the 4-hour chart. It is important for prices to remain above this support zone for the continuation of upward movement. Resistance levels of 82.00 and 82.50 could be targeted in upward movements. However, if the 81.00 - 81.50 support is broken, it is anticipated that the downward pressure could increase, bringing the 80.50 and 80.00 levels into consideration. The RSI indicator is at the 50 level, indicating a neutral outlook. The pair has shown an increase of 0.65% compared to the previous day.
The NASDAQ100 index is at a remarkable turning point following the underwhelming U.S. retail sales data and statements by Fed member Waller. The decline in U.S. 10-year treasury yields combined with concerns over economic growth has put pressure on the tech-heavy NASDAQ100. Additionally, declines in stock prices of major companies like Apple, Tesla, and Nvidia have also contributed to the weakening of the index. Warnings from Trump's Treasury Secretary nominee Bessent are fueling economic crisis worries. These developments are narrowing the index's movement range, leading investors to act cautiously.
From a technical standpoint, the NASDAQ100 index is at a critical decision point in the 21200 – 21300 range. For the index, which is trading close to the 21229 level, 21200 serves as support and 21300 as resistance. To gain upward momentum, maintaining above the 21300 level could be sought. In this case, the resistance levels of 21400 and 21500 could be targeted. On the downside, sustained movement below the 21200 level could deepen the decline, bringing the 21100 and 20975 support levels into focus. The RSI indicator is at 51, showing a neutral outlook, and there is a positive change of 0.44% compared to the previous day.
The DAXEUR pair is closing out a month where European and US stock market indices generally exhibited a positive performance. While European markets rose in alignment with the US, Asian markets continue to show a mixed trend. The DAX40 index aims to close the week with an increase of over 2%. This is moving in parallel with the positive expectations in Europe’s economic environment and the potential economic policies of the US.
In technical analysis, the DAXEUR pair is trading above the support level of 20648, and as long as it remains above this level, it maintains its positive outlook. For upward movements, resistance levels of 20830, 20885, and 20940 can be tracked. Sustained movements above the 20940 level could accelerate a rise towards the Fibonacci trend zone. The RSI indicator is at the 55 level, indicating that the market may shift from neutral to a positive trend. The pair has shown an increase of 0.07% compared to the previous day.
U.S. natural gas futures experienced a strong rise the previous day due to expected cold weather conditions in the country and a decline in inventories. However, a slight decline was observed during the Asian session due to profit-taking. The trajectory of U.S. and European markets may continue to influence natural gas pricing. Statements from Trump's Treasury Secretary nominee Scott Bessent and comments from FOMC Board Member Waller on inflation and the possibility of interest rate cuts are also among the key factors shaping market dynamics.
From a technical perspective, as long as the NGCUSD pair remains above the 4.140 – 4.200 support zone, upward movements are likely to be prominent. In potential rises, the resistance levels of 4.320 and 4.360 can be targeted. If the pair falls below the 4.140 support, levels of 4.090 may come into focus. The RSI indicator on the chart is at 43 and exhibits a negative outlook. It is observed that the pair has depreciated by 2.12% compared to the previous day. In light of these data, changes in price movements should be monitored closely.
The EUR/USD pair is under the influence of significant developments this week, such as the inauguration of US President Donald Trump, the expected interest rate decisions from the Bank of Japan, and the PMI data from Europe. Trump's inauguration continues to create pressure on the pair due to uncertainties regarding US trade and economic policies. On the European side, the ZEW index from Germany and employment data from the UK will be closely monitored. The closure of US markets today for Martin Luther King Jr. Day could lead to a temporary decline in trading volumes.
Technically, the EUR/USD pair is testing the 1.033 resistance level on the 4-hour chart. If it fails to stay above this level, the 1.027 and 1.0225 support levels may become significant. In upward movements, the 1.038 and 1.044 resistance levels should be monitored. The RSI indicator is at the 47 level, showing a neutral outlook. The pair's 0.31% decline compared to the previous day indicates that selling pressure continues.
The GBP/USD pair is trying to find direction as global markets focus on the messages that U.S. President Donald Trump will convey for his new term and the potential interest rate decision of the Bank of Japan. Important data for the week include U.S. housing statistics, the Germany ZEW index, and UK employment data. Additionally, statements to be made at the World Economic Forum are also in the spotlight of the markets. The absence of trading in some markets in the U.S. due to Martin Luther King Jr. Day may limit the volatility in the GBP/USD pair.
From a technical analysis perspective, the GBP/USD pair is trading below the 1.2315 resistance level. In downward movements, support levels of 1.2185, 1.2140, and 1.2100 can be monitored. In the case of potential upward movements, resistance levels of 1.2230, 1.2270, and 1.2315 should be watched. When examining the chart in the hourly time frame, the RSI indicator is at 34, showing a negative outlook. The pair experienced a 0.34% depreciation compared to the previous day.
The USD/TRY pair draws attention on a day when there is a divergence in the performance of emerging market currencies against the US Dollar, with the Turkish Lira continuing its weak performance. The Turkish Lira is lagging behind other currencies such as the Peruvian Sol and the Hungarian Forint with a 0.28% loss. Important developments such as Trump's inauguration in the US and the Bank of Japan's monetary policy statement are being closely monitored in the markets. Additionally, global trade and inflation concerns are prominent on the agenda.
From a technical standpoint, examining the USD/TRY pair on a 1-hour chart, it is trading at a resistance level of 35.58. In upward movements, 35.64 and 35.68 levels can be monitored as resistance. In downward movements, the 35.5, 35.4, and 35.31 levels are in support positions. The RSI indicator is at the 60 level, showing a positive trend. The pair has experienced a 0.48% rise. It is thought that the rate may be in a consolidation trend between 35.31-35.68, and no change in the trend direction is expected unless there is a sudden news flow based on the Turkish Lira.
The ceasefire and hostage exchange between Israel and Palestine allowed for a weakening of geopolitical risk perception, easing the pressure on gold. Additionally, the decline in the USD/TRY exchange rate is highlighted as one of the factors limiting the drop in gold prices. Developments related to the transition process of U.S. President Trump and the monetary policy meeting of the Bank of Japan could influence gold prices in the coming days.
Technically, gold is trading at the level of 2708, and as long as it remains above the support area of 2693-2700, the expectation for an upward trend may prevail. In upward movements, the resistance levels of 2710 and 2720 can be monitored. If prices fall below the 2700-2693 support area, downward pressures may increase, targeting levels of 2685 and 2675. The RSI indicator presents a positive outlook, suggesting that upward movement in prices may continue. However, the crucial support area that needs attention is between 2693-2700.
WTIUSD has made a flat start ahead of Trump's takeover. With the new administration, markets are facing uncertainties regarding tariffs and sanctions on Russia. The meeting between Trump and Chinese President Xi Jinping reflected positively on Asian markets. The outcome of this meeting and Trump's announcements on the first day may affect market sensitivity. Additionally, the monetary policy statement of the Bank of Japan and the speeches of European Central Bank President Lagarde are among other significant developments to be closely watched by the markets.
On the chart, it is noted that WTIUSD is trading between the levels of 77.13 and 77.72 in the hourly timeframe. If the pair closes hourly above the 77.72 level, the upward movement is expected to target resistance levels of 78.15 and 78.50. In potential pullbacks, the 77.13 level is monitored as an important support point, and if this level is broken, a move towards the 76.50 support may be observed. The RSI indicator is at level 45, showing a neutral tendency. A 0.01% decrease in prices compared to the previous day is observed.
Oil prices attempted to recover during the Asian session following yesterday's decline. The decrease in global inventories and sanctions against Russia are significant factors supporting the upward direction of oil prices. However, speculations that Trump might soften the sanctions on Russia had led to a drop in oil prices. The course of European and US markets today could influence the direction of oil prices.
Upon analyzing the chart, oil prices are trading on a 4-hour timeframe. The current price is moving near the support levels of 80.50 and 80.00. Resistance levels can be observed at 82.00, 82.50, and 83.00. The RSI indicator is at 40, displaying a negative outlook. There has been a 0.21% decline compared to the previous day, indicating that downward pressure might continue in the short term. However, purchases from support levels could push prices back toward the resistance levels.
The NASDAQ100 Index is under pressure due to U.S. retail sales data falling short of expectations and Fed member Waller mentioning the possibility of an interest rate cut. Additionally, warnings from Trump's Treasury Secretary nominee Bessent regarding tax cuts, and the decline in stock prices of major technology companies like Apple, Tesla, and Nvidia, are increasing the pressure on the index. Asian markets started the week positively following the favorable meeting between Trump and Chinese President Xi Jinping. However, U.S. markets will be closed due to Martin Luther King Day.
Technically, the NASDAQ100 Index is trading in the 21200 - 21300 support and decision zone. Sustained pricing above the 21300 level may be important for a positive outlook, and in such a scenario, the resistance levels at 21400 and 21500 could come into focus. In downward movements, the 21200 level is a critical support, and if a sustained break below this level occurs, a decline towards the 21100 and 20975 support levels may be possible. The RSI indicator shows a neutral outlook, with a slight 0.05% decrease compared to the previous day.
Recently, DAXEUR has found support from the positive performance of European and US stock indices, appearing unaffected by the negative trend in Asian markets. The strong uptrends in Europe and the US, especially from the Russell and DJ30, contribute to DAX40 ending the week with a gain of over 2%. In this favorable environment, topics like the Bank of Japan's interest rate hike expectations and Trump's inauguration are also among the issues being closely watched by the market.
From a technical perspective, DAXEUR maintains a positive outlook by staying above the 20760 level. As long as it remains above this level, upward movements may target resistance levels at 20830, 20885, and 20940. If the 20940 level is breached, it could indicate a stronger momentum towards the Fibonacci trend area. On the downside, the support levels at 20648 and 20560 are significant. The RSI indicator is at a neutral level of 50, with a noticeable 0.09% increase compared to the previous day.
U.S. natural gas futures rose with the expected cold weather conditions across the country and the observed decline in stock levels. However, a slight pullback occurred during the Asian session due to profit-taking. The trend of European and U.S. markets can be monitored throughout the day. In this process, it is important for natural gas prices to remain above the support level of 4.140 – 4.200 for upward movements. In potential rises, the resistance levels of 4.320 and 4.360 can be monitored. In the event of possible declines, closures below the 4.140 level may create further selling pressure.
Technically, in the daily chart of the NGCUSD pair, the levels of 4.14 - 4.09 - 4.02 are monitored as support, while upward movements can be evaluated at the resistance levels of 4.32 - 4.36 - 4.46. The RSI indicator, with a 3.82% decline, is near the 40 level and presents a negative outlook. This indicates that some selling pressure may continue. However, should pricing remain above 4.140, the upward potential may gain strength.
The EUR/USD pair is influenced by changes in the USA's trade policies under Donald Trump's second presidential term. Moves such as Trump's planned 25% tariff on Mexico and Canada create uncertainty in global trade, increasing volatility in global markets. Additionally, withdrawal from the Paris Climate Agreement is seen as part of policies prioritizing economic growth in the USA. Today, economic data from Europe and Canada could also impact the pair's trajectory.
Looking at the technical outlook, the EUR/USD pair is trading at the 1.03847 level. Holding above the 1.033 support level could support the continuation of an upward movement. The 1.043 resistance level emerges as the first significant barrier the pair might encounter. Further up, the 1.048 and 1.0545 resistance levels can be monitored. In downward movements, the 1.033, 1.027, and 1.0225 levels should be followed as support. The RSI indicator is at 40, presenting a slightly negative view. This indicates that a limited pressure on the pair might continue in the short term. It is observed that the pair experienced a 0.31% decline compared to the previous day.
The GBP/USD pair continues to be influenced by the new policies of Donald Trump, who has become president of the United States for a second time. Trump's decisions, such as implementing a 25% tariff for Canada and Mexico and withdrawing from the Paris Climate Agreement, could increase volatility in global markets. Additionally, significant economic data from the US and the possible interest rate decision by the Bank of Japan are being closely monitored in global markets. Employment data from the UK and the ZEW Economic Sentiment reports from Germany could also impact the pound.
From a technical perspective, the GBP/USD pair is trading at the level of 1.22864. In downward movements, the levels of 1.227, 1.223, and 1.2185 can be monitored as support, while in upward movements, the levels of 1.2315, 1.236, and 1.24 can be tracked as resistance. The RSI indicator is at 48, showing a neutral outlook. The pair has experienced a 0.33% decline compared to the previous day. Sustaining below the 1.223 level could cause the downward pressure to continue.
Following US President Trump's decision on tariffs targeting Canada and Mexico, it is observed that the Mexican Peso is weakening against the US Dollar. During the same period, the Turkish Lira is also among the currencies unable to strengthen against the dollar. While changes in US energy and climate policies are closely monitored in the markets, the dollar index shows a volatile trend. These developments in global markets may affect the USD/TRY pair, but the general weakness of the Turkish Lira is notable.
In technical analysis, the USD/TRY pair is trading near the level of 35.57, moving between support at 35.38 and resistance at 35.73 in the short term. Staying above the lower point of the Envelope indicator at 35.38 suggests that the pair may continue its upward momentum. Resistance levels at 35.60, 35.66, and 35.73 should be monitored. The RSI indicator is at 54 and portrays a positive outlook. The pair shows a 0.07% increase compared to the previous day. Surpassing the 35.73 resistance could lead to a strengthening of the upward trend.
Gold is seeing an increase in safe-haven demand amid trade war concerns following US President Trump's decision to impose a 25% tariff on Mexico and Canada. The downward trend in the Dollar Index has also increased interest in gold. Uncertainties regarding economic policies in the US keep investors interested in gold alive, while the positive opening of Asian markets supports upward movements in gold.
From a technical analysis perspective, gold is trading around the 2726 level, with the 2720 – 2727 range being monitored as a critical resistance zone. In the continuation of the upward movement, the 2727 and 2740 resistance levels may be tested. The RSI indicator is at 53, showing a neutral market outlook. Despite a 0.74% drop compared to the previous day, if gold sustains above the 2700 – 2710 support zone, the upward trend may continue. In a downward scenario, support levels at 2693 and 2685 can be monitored below 2700.
WTI crude oil prices are attempting to recover with U.S. President Donald Trump's new tariff decisions on Canada and Mexico. Trump's decision to impose a 25% tariff on these two countries has caused movement in the oil markets. However, the absence of additional tariffs on China has led to cautious sentiment in the markets. These developments could be decisive for the trade relations between the U.S. and these countries and oil prices.
From a technical perspective, prices in the WTIUSD chart continue to remain below the 77.00 - 77.50 resistance levels. This situation supports the outlook for potential downward movements. In potential declines, the levels of 76.50 and 76.00 stand out as support levels to watch. The RSI indicator is at the 50 level, showing a neutral trend. A 0.58% increase is observed compared to the previous day, which may indicate short-term recovery signals. However, for upward movements to continue, we may need to see hourly closings above the 77.50 level.
Following the inauguration of U.S. President Donald Trump, the announced 25% tariff on imports from Canada and Mexico created a slight recovery in oil pricing while causing depreciation in the Canadian dollar and Mexican peso. Additionally, the Trump administration's directive to halt certain funds allocated during the Biden administration could create uncertainty in the markets. The positive start in Asian markets and the decline in U.S. bond yields are partially supporting global risk appetite.
From a technical perspective, it is observed that BRNUSD is trading near the 79.5 support on a 4-hour chart. In upward movements, the resistance levels to watch are 80.5 and 81, while the RSI indicator is at 45, displaying a neutral outlook. The pair increased by 0.20% compared to the previous day. Closures at 79.50 and below may increase downward pressure, whereas maintaining above the 81 level could bring the 81.5 resistance into discussion.
The NASDAQ100 index is experiencing notable volatility as the U.S. addresses President Trump's decisions on tariffs for Canada and Mexico. While Trump's promises of deregulation and tax cuts are received positively by the market, the decline in U.S. 10-year bond yields is limiting potential declines in the index. In light of these developments, investors continue to monitor both the positive and negative impacts of Trump's policies.
From a technical analysis perspective, the NASDAQ100 index is trading at the 21,446 level on the daily chart, attempting to hold above the 21,500 - 21,400 support zone. As long as it remains above this support zone, the index is likely to continue its upward trend and move towards the 21,700 and 21,820 resistance levels. The RSI indicator is at 42, presenting a neutral outlook. The index experienced a 0.57% decrease compared to the previous day, and if it sees sustained pricing below the 21,400 support, there is a possibility of a pullback towards the 21,300 and 21,200 levels.
The DAX 40 index is monitoring the impacts on global markets following the initial policy decisions announced with Trump taking office. Particularly, the imposition of a 25% tariff on Mexico and Canada creates uncertainty in sectors trading with these countries, with predictions that costs in industries such as automotive might increase. Furthermore, the U.S. withdrawal from the Paris Climate Agreement and plans to tighten tax policies on other countries may cause market fluctuations. Data from the UK employment figures and Germany's ZEW Economic Sentiment Index will also be influential on the index.
Technically, the DAX 40 index is trading at the 21065 level, with short-term support levels closely watched at 20940, 20885, and 20830. In upward movements, resistance levels at 21050, 21120, and 21200 are significant. The RSI indicator is at a level of 48.5, showing a neutral outlook. It is observed that the index has declined by 0.23% compared to the previous day. Based on this technical outlook, as long as it stays above the 20940 support, upward movements may continue, but if the support levels are broken, further declines could occur.
U.S. natural gas futures were limitedly affected by the Trump administration's sanctions decisions on Canada and Mexico. While Trump's new tariff policies increased costs in sectors like automotive and weakened the Canadian dollar and Mexican peso, natural gas prices began the week with losses due to moderate weather forecasts. Therefore, the impact of these developments in the U.S. natural gas market remains mostly secondary. Canada's inflation data and its impact on monetary policy could also indirectly affect natural gas demand.
In the chart, the NGCUSD pair is trading in a tight range between 3.360 and 3.470. Hourly closings above 3.470 could trigger upward potential, indicating a move towards resistance levels at 3.520 and 3.570. On the downside, if the 3.360 support is broken, a move towards 3.295 and 3.215 levels may be observed. The RSI indicator is at 70 and exhibits a positive outlook. However, the pair has recorded a decline of 0.26% compared to the previous day.
The EURUSD pair is fluctuating with uncertainties about global trade policies and reactions from EU countries following the brisk start of Trump’s presidency in the US. Trump's announcements on artificial intelligence investments and tariff threats against China may lead to shifts in market directions. During this process, ECB President Lagarde's speech and economic insights at Davos could also affect the pair's trajectory.
Technically, the EURUSD pair is trading just below the 1.0430 resistance level. If this level is breached, the 1.048 and 1.0545 resistances can be monitored. On downward movements, the 1.038, 1.033, and 1.027 support levels should be followed. The RSI indicator is at 47, displaying a neutral outlook. The pair experienced a 0.12% decline compared to the previous day and is showing an indecisive trend in the short term.
The GBP/USD pair is moving with the official start of the presidential process in the U.S. and Trump's announcements regarding artificial intelligence investments. In particular, the thought of introducing a 10% tariff on China in addition to the tariff applications towards Canada and Mexico stands out as a significant development affecting the pair. During this process, China's efforts to get closer to Russia and statements by European Commission President Ursula von der Leyen on maintaining global trade are also factors to watch. Depending on the general course of the Dollar Index, significant developments may occur in the movements of the GBP/USD pair.
Technically, the GBP/USD pair is located near the 1.2360 resistance level, and its reaction at this level could be decisive for the direction of the pair. In the case of an upward movement, the levels of 1.2400 and 1.2440 can be followed as resistance. In the event of a downward movement, the levels of 1.2315, 1.2270, and 1.2230 are monitored as support. The RSI indicator is at 48, presenting a neutral appearance. It is observed that the pair has experienced a daily decrease of 0.13%. In light of this information, the movement at the 1.2360 level should be monitored.
The USD/TRY pair continues to be influenced by the performance divergence of emerging market currencies against the US Dollar. During this process, the Turkish Lira is among the weaker currencies, with the pair trading near the level of 35.64. Efforts to find balance following Trump's statements in the Asian markets, along with the positive trend in US index futures, are notable. The current state of US 10-year bond yields and the recovery tendency of the dollar index are also being monitored in the markets.
From a technical perspective, the support levels for the USD/TRY pair are highlighted at 35.59, 35.51, and 35.43. The resistance points are at 35.70, 35.78, and 35.88, respectively. Movement above 35.43 supports optimism, while a sustained level above 35.78 within the Envelope indicator framework can strengthen the current trend. The RSI indicator is at level 54, displaying a neutral outlook. The pair has recorded a limited increase, with a change of 0.15% compared to the previous day. A tendency to be confined between 35.43 - 35.78 can also be observed.
US President Trump's decisions to increase import tariffs and the weakening seen in the Dollar Index are creating an upward trend in the price of gold per ounce. These developments help maintain gold's appeal by especially increasing safe haven demand. Trump's emphasis on customs duties against China keeps attracting investors' attention. Fluctuations in the US and Asian markets can also have indirect effects on gold's price movements.
From a technical perspective, gold per ounce is trading above the 2750 support level. In the short term, as long as it maintains above the 2720 – 2727 region, upward movements seem likely to continue. In this case, the 2760 and 2770 resistance levels may be tested. In an alternative scenario, if it remains below the 2720 – 2727 support region, pullbacks toward the 2713 and 2703 levels could be observed. The RSI indicator is at level 55 and shows a positive trend, suggesting that the upward potential is maintained. Compared to the previous day, gold per ounce increased by 0.38%.
WTI crude oil prices remain under pressure due to U.S. President Trump's threat of tariff increases on China and plans to increase U.S. oil production. This situation creates downward pressure in the oil market. The course of European and U.S. stock markets may influence intraday pricing. Particularly, the volatility caused by Trump in Asian markets leads to losses in the Shanghai and Hong Kong indices, while the Japanese Nikkei index is seeing an increase. It is believed that the tariff increase on China could further strain the country's economy, whose recovery expectations have not yet been met.
Technically, WTI crude oil prices are monitoring the 75.50 and 75.00 levels as support, while 76.50 and 77.00 levels are being tracked as resistance. As long as prices remain below the 76.00 – 76.50 resistance area, the downward outlook may dominate. The RSI indicator is at the 45 level and showing a negative trend. A limited depreciation of 0.08% compared to the previous day is observed. If prices rise above 76.50, there could be potential for a short-term recovery. However, for the upward trend to continue, persistence above 76.50 will be necessary.
Oil prices remain under pressure due to U.S. President Trump's tariff increase threat against China and plans to boost U.S. oil production. The increasing uncertainties regarding the global economy necessitate closely monitoring the volatility, especially in European and U.S. stock exchanges. Asian markets are seeking balance in response to Trump's statements; however, the potential negotiations on tariffs against China stand out as a pressure factor in the markets. Following yesterday's losses, the U.S. dollar index shows a limited recovery, while U.S. 10-year Treasury yields hover at 4.59%.
The technical outlook for oil prices indicates a downward trend as long as they remain below the 79.50 – 80.00 resistance zone. Support levels can be observed at 79.00 and 78.50. The price stands at 78.575, marking a 0.05% decrease compared to the previous day. If a favorable recovery occurs, surpassing the resistance points and closing hourly above 80.00 may pave the way for new upward potential. The RSI indicator exhibits a negative trend, suggesting further price declines. However, should the price rise above 80.00, the level of 80.50 may come into play.
Trump’s trade policies towards Canada, Mexico, and China are causing fluctuations in the NASDAQ100 index. The threat of tariffs towards the European Union and investments in AI infrastructure are leading to complex market reactions. While Netflix's strong quarterly results provide support to the index, the decline in Apple is attributed to some analysts' rating downgrades. As Asian markets continue efforts to stabilize following Trump's statements, U.S. futures maintain a positive trend led by Nasdaq.
The NASDAQ100 index is trading above the 21600 – 21700 support zone according to its technical outlook on the 4-hour chart. As long as the index maintains its pricing above this zone, it bears the upward potential to rise towards the resistance levels of 21900 and 22000. The RSI indicator exhibits a positive outlook with a 0.42% increase from the previous day. However, if a sustained decline is experienced below the 21600 – 21700 support zone, a pullback to the levels of 21500 and 21400 might be seen. The crucial level of the day stands out as the 21600 – 21700 support.
In this period where Asian stock indices are diverging from the performances in the US and Europe, the DAX 40 index is showing a positive trend in Europe. Despite negative performances from Italy and the Netherlands, the DAX 40, along with France, continues to move in a positive zone. President Trump's statements and the sustained optimism in the US are among the noteworthy factors in the markets. In Europe, the main index DAX 40's effort to increase its monthly gains is notable.
Technically, the DAX 40 index is maintaining its movement above the 21200 support level. For upward movements, the resistance levels of 21295, 21380, and 21475 can be monitored sequentially. For the index to gain more momentum, sustained movements above the 21475 level are important. In declines, the 21120 and 21040 levels are supportive. The RSI indicator currently presents a neutral outlook. It is observed that the index is following a positive trend with an increase of 0.24% compared to the previous day.
U.S. natural gas futures remain under pressure with updated weather forecasts for some regions by the end of January, suggesting a possible reduction in heating demand. While efforts to find balance continue in Asian markets following Trump's statements, the course of European and U.S. stock exchanges will be closely monitored today. Trump's signal that he may bring the issue of increasing tariffs on China to the table creates uncertainty in global markets. The slight recovery in U.S. 10-year bond yields and the dollar index are also among the key indicators of the market.
When the NGCUSD pair is technically analyzed, prices exhibit a downward outlook as long as they remain below the 3.415 - 3.470 resistance levels. In case of possible declines, the 3.295 and 3.215 support levels can be monitored. If the pair recovers, new downside potential may continue unless sustainable hourly closings are observed above the 3.415 - 3.470 resistance area. The RSI indicator is at the 35 level, displaying a negative outlook. The pair appears to have depreciated by 0.96% compared to the previous day.
The EUR/USD pair is showing limited response buying as the Dollar Index continues to stay above its 34-day average. Upcoming unemployment claims data from the U.S. and President Trump's speeches at the World Economic Forum could guide the markets. The strength of the Dollar Index is preventing the pair's upward movements, presenting a negative outlook. This situation indicates that this period should be closely monitored before the upcoming ECB and Fed meetings in the following days.
From a technical perspective, the EUR/USD pair remains under pressure, staying below the 1.0430 resistance level. The pair's current low trend is showing a squeeze between the 233-period exponential moving average (1.0430) and the 55-period average located in the 1.0330 – 1.0350 range. The RSI indicator is at the 46 level, presenting a neutral market outlook. Compared to the previous day, the pair recorded a 0.02% decline. For downward movements in the pair, the 1.038, 1.033, and 1.027 support levels are important, while the 1.043, 1.048, and 1.0545 resistance levels should be watched for upward movements.
The GBP/USD pair is trading sideways due to the limited declines in the Dollar Index (DXY). The tendency of the DXY to remain above the 34-day moving average restricts the pair's upward movements. Notably, the upcoming PMI data and the Bank of Japan's interest rate decision are among the important factors that could determine the pair's weekly trend. Data on unemployment claims from the US and President Trump's speech at the World Economic Forum may also influence the direction of GBP/USD.
From a technical analysis perspective, the GBP/USD pair is currently at the level of 1.23144 and is under pressure below the 55-period moving average. In downward movements, the support levels of 1.227, 1.223, and 1.2185 should be monitored. In upward movements, the resistance levels of 1.236, 1.24, and 1.244 become significant. The RSI indicator shows a neutral outlook, indicating uncertainty in the market. The pair has shown a slight decline of 0.013% compared to the previous day.
The USD/TRY pair is moving in line with the performance of emerging market currencies against the US Dollar. While the Turkish Lira is among the currencies showing weak performance, the pair is trading close to the 35.65 level. The positive trend in Asian indices in global markets and expectations regarding rate cuts by the Central Bank of the Republic of Turkey (CBRT) may influence the trajectory of the pair. Unless there is significant TL-based news flow domestically, the USD/TRY is expected to move in line with general market dynamics.
Technically, the USD/TRY pair is trading within a band between 35.45 and 35.81 in the short term. As long as it stays above the 35.45 support, upward movements could gain momentum towards the resistance levels of 35.70, 35.75, and 35.81. The RSI indicator is moving at neutral levels. The intraday movement of the pair shows a change of about 0.04%. A sustained move above the 35.81 resistance could strengthen the upward trend of the pair; otherwise, a consolidation between 35.45 - 35.81 could be observed.
Geopolitical risks have re-emerged with Israel's attacks on Lebanon despite the ceasefire agreement, while the US Dollar Index rising above the 108 level continues to put pressure on gold. Unemployment claims data from the US and statements by former President Trump are also being closely monitored in the markets. When these factors are considered together, it is seen that gold is navigating a path filled with uncertainties in global markets.
From a technical perspective, gold is trading just above the 2750 level. As long as it remains above the 2740-2750 zone on the daily chart, the upward movement is likely to continue. Resistance levels of 2760 and 2770 can be monitored in the upward movements. Alternatively, if the 2740-2750 zone is breached downwards, there is potential for a retreat towards the support levels of 2727 and 2720. The RSI indicator is at the 55 level and is showing a positive trend. There is a 0.13% depreciation in prices compared to the previous day.
WTI crude oil prices continue their downward trend due to the announcement of stock increases by the American Petroleum Institute and uncertainties regarding Trump policies. The performance of European and US stock markets, along with the stock data to be announced by the US Energy Information Administration, could be decisive for the direction of oil prices. Although China's supportive steps towards its stock markets have created a near-positive trend in Asian indexes, economic data from the US and Trump's statements on tariffs are increasing uncertainty in oil prices.
From a technical perspective, WTI crude oil prices are trading below the 75.50 - 76.00 resistance level, indicating that downward pressure may continue. In potential declines, the levels of 74.50 and 74.00 can be monitored as support. On the chart, the RSI indicator is exhibiting a neutral appearance at the level of 48. The price is trading at 75.045, recording a decrease of 0.03% compared to the previous day. In upward movements, if the price moves above the 76.00 level, the 76.50 resistance could come into play.
Oil futures continue their downward trend following a report from the American Petroleum Institute indicating a 1 million barrel increase in stocks. Uncertainties surrounding Trump policies and fluctuations in global markets are also supporting this decline. Particularly, stock figures to be announced by the U.S. Energy Information Administration and the trajectory of European and U.S. stock exchanges could influence pricing. Measures taken by China in Asian markets and the anticipated interest rate decision by the Bank of Japan could also have a global impact.
On the chart, oil prices are trading at 78.045 levels in the daily time frame. In downward movements, support levels at 78.5, 78, and 77.5 can be monitored. In the event of a possible upward recovery, resistance levels at 79, 79.5, and 80 should be tracked. The RSI indicator is at 42, displaying a negative outlook. A decline of 0.12% compared to the previous day is observed. It is suggested that the continuation of the downward trend requires the 79.50 resistance not to be breached; otherwise, the 80 level could be tested.
The NASDAQ100 Index showed gains led by the technology sector following Trump's announcement of investment in artificial intelligence infrastructure and the increase in Netflix's subscriber numbers. Semiconductor and software sub-sectors were key components of this rise, while the recovery in 10-year bond yields limited the index's gains. Developments such as unemployment claims and President Trump's speech during the day could influence the direction of the markets.
From a technical perspective, the NASDAQ100 index is trading at the 21,815 level and suggests that the positive trend could continue as long as it remains above the 21,700 - 21,820 range. In upward movements, the 22,000 and 22,100 resistance levels stand out as areas to watch. In case of possible pullbacks, 21,900 – 21,820 – 21,700 levels can be followed as support. The RSI indicator is at 55, indicating a positive market outlook. The index has declined by 0.09% compared to the previous day.
In a week where European stock markets generally exhibited mixed performance, the DAX 40 index presents a positive outlook. Investments in the artificial intelligence sector in the US and Netflix's financial results support market optimism, and alongside Germany, France and the UK also show positive trends. Particularly, Germany's DAX 40 index has risen by 1.68%, making it one of the best-performing indices of the week. Meanwhile, countries like Italy, the Netherlands, and Spain in Europe continue to exhibit negative performance.
From a technical perspective, when examining the DAX 40 index, the 21,200 level stands out as an important support point. As long as the index remains above this level, it can maintain its positive inclination. In upward movements, resistance levels at 21,380, 21,475, and 21,560 can be monitored. Especially sustained movements above the 21,475 level could carry the index towards the Fibonacci trend zone. However, if the index falls below the 21,200 level, there is potential for a pullback towards the 20,830 level. The RSI indicator is at 60 and displays a positive outlook, indicating that buyers are still influential in the market. Compared to the previous day, the index is trading 0.03% higher.
US natural gas futures showed a rebound due to expectations of a stock decrease as one of the coldest days in recent years is experienced, but there are factors that may affect the persistence of this situation. In particular, mild weather forecasts for the end of January and February may suppress heating demand. Additionally, the trends in European and US stock markets and the inventory figures to be announced by the US Energy Information Administration may also impact pricing. The positive trend in Asian indices and China's market-supportive statements are also increasing optimism in international markets.
When examining the hourly chart of the NGCUSD pair, the upward trend may continue as long as it remains above the 3.415 – 3.470 support zone. In upward movements, the levels of 3.52 and 3.57 may be observed as resistance points. In the event of possible declines, if it falls below the 3.415 level, the levels of 3.36 and 3.295 can be monitored as support. The RSI indicator is at the 48 level and shows a neutral tendency. The pair has experienced a 0.66% decrease compared to the previous day. These data indicate that movements between the support and resistance levels should be closely monitored.
The EUR/USD pair continues its upward trend following the Bank of Japan's interest rate hike decision and the subsequent weakening of the dollar index. PMI data from the US and Eurozone will be crucial in determining whether this upward movement in the pair will persist. In particular, economic data coming from the US may shape short-term expectations for the pair.
Technically, the EUR/USD pair has surpassed the 233-period exponential moving average at the 1.0430 level. If the pair remains above this level, resistance levels at 1.048 and 1.0545 can be monitored. The RSI indicator is at 57 and presents a positive outlook. The pair has increased by 0.29% compared to the previous day. In the event of possible pullbacks, 1.043, 1.038, and 1.033 support levels can be followed. If it falls below these support levels, the pair may once again enter a negative trend.
The GBP/USD pair is being affected by the declines in the Classic Dollar Index following the interest rate hike by the Bank of Japan. This move from Japan, coupled with Trump's more moderate statements towards China, is causing a weakening of the dollar. Additionally, upcoming PMI data from the US and Eurozone is critically important for the short-term movements of the pair. In the UK, manufacturing and services PMI data are expected to provide insights into economic activity.
Technically, the GBP/USD pair is trading at 1.23882, with 1.236 and 1.2315 levels being monitored as significant support zones. In upward movements, resistance levels at 1.24, 1.244, and 1.248 can be followed. If the pair manages to stay above the 55-period exponential moving average, it may find room to move towards the 233-period average. The RSI indicator is showing a positive momentum, suggesting that the upward movement could continue. However, the pair's 0.29% increase compared to the previous day indicates a situation that should be monitored closely.
The Turkish Lira continues to exhibit a weak outlook against the US Dollar among the currencies of developing countries. Despite the strong performance of the Malaysian Ringgit, the weakness of the TL supports the rise in the USD/TRY pair. Significant developments, such as Trump's statements in Asian markets and the interest rate hike by the Bank of Japan, are also influential in the markets. Economic data from the US and the Eurozone may impact pricing in the upcoming period. Moody's credit rating assessment regarding Turkey is also important in terms of pressures on the TL.
Technically, the USD/TRY pair is trading at the 35.68 level. The 35.47 support is being monitored as an important level, and as long as it remains above this point, the pair is expected to maintain its upward potential. In upward movements, the resistance levels of 35.70, 35.75, and 35.82 should be monitored respectively. The RSI indicator is at the 60 level, showing a positive trend. The pair shows a 0.15% increase compared to the previous day, and the positive trend continues in the short term.
President Trump's call for interest rate cuts and the Bank of Japan's rate hike caused the Dollar Index to fall below the 108 level. These developments created a positive backdrop for gold, pushing the precious metal to its highest levels since October 2024. The preliminary services and manufacturing PMI, existing home sales, and Michigan consumer sentiment data to be monitored during the day may influence the direction of gold.
Technically, spot gold is at the 2775 level and is trading above the 2750 – 2760 support zone in the short term. Resistance levels of 2780 and 2790 should be monitored in upward movements. The RSI indicator is at 61, showing a positive outlook. A daily gain of 0.76% is observed. Movements above the all-time high level of 2790 may reinforce the upward trend, while moves below the 2750 – 2760 support zone could lead to price movements towards the 2740 and 2727 levels.
WTI crude oil prices declined following US President Trump's call to OPEC to lower oil prices. A 1 million barrel decrease in inventories, as announced by the US Energy Information Administration, briefly pushed prices upwards. However, in the general outlook, prices continue to trend downwards due to the influence of European and US PMI data, as long as pricing remains below the 75.00 – 75.50 resistance levels.
From a technical perspective, on the WTIUSD chart, the levels of 74.00 and 73.50 are monitored as support. In upward movements, the resistance levels to watch are highlighted as 75.00 and 75.50. The current price is at 74.395, indicating a 0.64% decline. The RSI indicator shows a neutral outlook, suggesting market indecision. If there are hourly closures above the 75.50 level, there could be potential for an increase towards the 76.00 level.
Brent crude oil prices declined after U.S. President Trump announced plans to call for price reductions from OPEC at the World Economic Forum. The report from the U.S. Energy Information Administration about a 1 million barrel decrease in stocks had previously caused a short-term increase in prices. PMI data expected from Europe and the U.S. could affect the trajectory of oil prices. In potential declines, the levels of 77.50 and 77.00 should be closely monitored, as they stand out as significant support zones.
Technically, Brent crude is trying to stay above the 77.50 level on the daily chart. In upward movements, resistance levels of 78.50 and 79.00 are observed. The RSI indicator is at the 55 level and presents a positive outlook, which could indicate the potential for an upward movement in prices. Compared to the previous day, the price has risen by 0.51%. The 78.50 – 79.00 resistance area stands out as the key level of the day, and as long as hourly closings do not occur above this area, a new potential for a decline may emerge.
The NASDAQ100 Index maintains its upward potential with U.S. President Trump's calls for interest rate cuts and the U.S. 10-year bond yield dropping to 4.63%. Trump's indication that he is open to negotiations with China has also created a positive atmosphere in Asian markets, while the yen's appreciation following the Bank of Japan's rate hike has been influential in the USDJPY pair. Economic indicators such as the PMI data and home sales to be announced in the U.S. are among the developments that the market will closely follow.
From a technical perspective, the NASDAQ100 index continues to hold above the 21820 – 21900 support level. As long as it maintains above this area, the index has the potential to test the 22100 and 22200 resistance levels. Otherwise, if a sustained move below the 21820 – 21900 area is observed, a pullback towards the 21700 and 21600 levels may occur in the index. The RSI indicator is at the 49 level, presenting a neutral outlook. It is notable that the index closed with a limited loss of 0.03% compared to the previous day.
The DAXEUR pair draws attention as we approach the end of a week marked by significant developments such as the Bank of Japan's interest rate hike and global PMI data. While a mixed performance is observed across Europe, the DAX40 index stands out with a weekly increase approaching 2.50%. Unlike other major economies in Europe, Germany's positive performance can be seen as a signal of economic recovery in the region. In this process, recovery efforts in Asia and positive results from the US are also positively reflecting on global markets.
In technical analysis, the DAX40 index maintains a positive outlook by staying above the 21-period average at the 21295 level. If the index continues to rise, the resistance levels of 21630, 21700, and especially 21770 are important. The 21770 level should be closely monitored for trend continuation or possible correction movements, as it is a Fibonacci trend region. While the RSI indicator is neutral at 50, an increase of 0.23% in the index indicates that the positive trend is continuing. In downward movements, the support levels of 21555, 21475, and 21425 should be monitored.
U.S. natural gas futures faced selling pressure following a rise observed prior to the stock data, due to stockpiles falling below expectations. Global economic developments, particularly the trends in U.S. and European markets, could affect gas prices. In Asia, while Trump's statements at the World Economic Forum indicated a more moderate stance towards China, the Bank of Japan's interest rate hike led to an appreciation of the yen. These developments could have an indirect impact on the direction of natural gas prices.
Technically, if the NGC/USD pair continues to remain below the 3.470 - 3.520 resistance levels during the day, downward movements may persist. In potential declines, the levels of 3.415 and 3.360 can be monitored as support. The RSI indicator shows a neutral appearance at the level of 48. In the event of a recovery in the pair, if closures occur above the 3.520 resistance, the 3.570 and 3.620 resistance levels could be targeted. The current price change indicates a decrease of -0.48 percent.
The EUR/USD pair is influenced by significant economic data such as ECB President Lagarde's speech, Germany's IFO Business Climate Index, and new home sales in the USA. US growth and PCE inflation data, which could impact the Fed's interest rate policy, stand out as the focus of this week. Globally, uncertainties regarding central banks' monetary policies and fiscal policy developments in the USA continue to affect the pair. In the short term, while the dollar index is moving below the 34-day average, this situation may lead to reactionary sales on the EUR/USD.
Looking at the chart, the EUR/USD pair is trading at 1.04646, having recorded a 0.3% decline compared to the previous day. On the daily timeframe, the pair may find support at 1.043 and 1.038 levels, while upward movements observe resistance levels at 1.048, 1.0545, and 1.0605. The RSI indicator is at 45, indicating a neutral outlook. The direction of the pair will be shaped by its movements at the identified support and resistance points. Specifically, the 1.048 resistance level may play a critical role.
The GBP/USD pair continues to be shaped by central banks' messaging for the upcoming period and economic indicators. Market participants are closely monitoring the Fed's guidance regarding its interest rate roadmap, as well as interest rate cut expectations from the ECB and BoC. Additionally, US growth and PCE inflation data, along with Germany and Tokyo CPI figures, play a significant role in international markets. Furthermore, the performance of financial sector giants like Meta, Microsoft, Tesla, Apple, and Amazon is also on investors' radar. Currently, the Dollar Index trading below its 34-day average indicates that the pressure from corrective selling persists in the short term.
From a technical perspective, the GBP/USD pair is testing the 1.2360 level after surpassing the 55-period exponential moving average and is advancing towards the 233-period exponential moving average. This suggests that the pair is reevaluating its trend in the short term. As the pair approaches the 1.2480 resistance level, the negative trend may persist as long as it remains below this level. During upward movements, the 1.25225 and 1.2565 resistance levels should be closely monitored. In case of a downward break, the 1.24, 1.236, and 1.2315 support levels can be tracked. The RSI indicator presents a neutral trend with current data, and a 0.29% decrease is observed in the pair on a daily basis.
The USD/TRY pair draws attention as the Turkish Lira shows poor performance, alongside the general weakness of emerging market currencies against the US Dollar. Uncertainties in global markets and tariff ambiguities imposed by the US on some countries cause fluctuations in emerging market currencies. Additionally, developments in the artificial intelligence sector in China and mixed trends in Asian markets indicate the impact of various dynamics in the markets. In this environment, the USD/TRY is trading at the 35.68 level as of the time the analysis was prepared.
From a technical perspective, the USD/TRY pair moves within a 4-hour chart. In the case of an upward movement, the levels of 35.71, 35.77, and 35.84 can be monitored as resistance. Conversely, 35.59, 35.54, and 35.448 levels emerge as support. The RSI indicator is near the 50 level and exhibits a neutral outlook. The intraday percentage change of the pair shows a slightly positive tendency at 0.09%, but the tendency to get trapped between the levels of 35.48 and 35.84 may persist.
The suspension of tariffs by the US on Colombia, while somewhat easing the anxious anticipation in the markets, still leaves uncertainty as to which country might face these sanctions in the future. The recovery in the Dollar Index continues to exert pressure on gold prices. The downward trend in US index futures is reducing risk appetite in global markets. Developments in the artificial intelligence sector in China are notable, but intraday sales are limiting this optimism.
Technically, gold is moving in a decision phase between the 2750 – 2760 region. For an upward movement to gain confidence in the short term, prices need to remain persistently above the 2760 level. In this case, resistance levels of 2770 and 2780 may come to the fore. On the downside, sustained movement below the 2750 level could deepen declines and bring support levels of 2740 and 2727 into focus. The RSI indicator is at the 50 level, displaying a neutral outlook, and the price movement is notable with a 0.64% decrease.
WTIUSD prices remain under pressure with the suspension of tariffs on Colombia by the United States and the expectation that Trump will increase U.S. production. Uncertainties about the future of global trade and OPEC's demands for increased production also negatively impact oil prices. The mixed trend in Asian markets and declines in U.S. indices may also affect WTI prices. Particularly, the high level of the U.S. 10-year bond yield and the dollar index's recovery attempts may increase the pressure on oil.
When examining the WTIUSD chart on the hourly time frame, it is observed that the price is at the level of 73.725. As the price moves close to the support levels of 73.50 and 73.00, the downward trend within the day is noteworthy. In upward movements, resistance levels of 74.50 and 75.00 are in focus. The RSI indicator is at the level of 44 and displays a negative outlook. A 0.59% decline compared to the previous day is observed. As long as the prices do not exceed the 74.50 – 75.00 resistance zone, the downward pressure may continue.
Oil prices experienced a brief relief as the U.S. temporarily suspended tariffs on Colombia; however, they remain under pressure due to U.S. production growth expectations and demands on OPEC. Potential negative impacts on global trade and mixed trends in Asian markets increase the downward pressure on oil prices. The course of U.S. and European stock markets throughout the day may guide oil prices.
In the technical outlook, the BRNUSD pair continues to trade below the 77.50 – 78.00 resistance level, and it can be said that downward movements are in the foreground. In potential declines, the levels of 76.50 and 76.00 can be monitored as support. The pair is currently at 76.875, showing a 0.71% decrease compared to the previous day. The RSI indicator exhibits a negative trend. In possible upward movements, the resistance of 77.50 – 78.00 is significant, and closures above 78.00 should be monitored for a more sustained recovery. In this case, upward movements may extend towards the 78.50 level.
The NASDAQ100 index is negatively affected by inflationary concerns arising from Trump's announcement of plans to impose tariffs and sanctions on Colombia. While the declines in the U.S. 10-year treasury bond yields remain limited, the more efficient operations of the new artificial intelligence initiative DeepSeek in China are placing pressure on the technology sector. This situation creates uncertainty in the markets, exerting downward pressure on the NASDAQ100.
From a technical perspective, the NASDAQ100 index is tracked on a daily time frame on the chart. The index currently shows a downward trend towards the support levels of 21400 and 21300. Trading below the resistance zone of 21700 – 21820 indicates that the downward pressure may continue. The RSI indicator is at 40 and shows a negative trend. A 2.17% decline compared to the previous day supports the weak course of the index. Persistent pricing below the 21400 level could lead to continued declines.
The DAXEUR pair is focused on the future policy guidance of central banks in international markets. Economic indicators such as the ECB and BoC's interest rate cut expectations, the Fed's forthcoming statements on its interest rate roadmap, U.S. growth and PCE inflation data could be decisive for the direction of the pair in the coming period. Today, ECB President Lagarde's speech in the Eurozone and the Germany IFO Business Climate Index, along with New Home Sales in the U.S., will be closely watched.
From a technical perspective, the levels of 21370 and 21475 play an important role for the DAX40 index. The index is trying to maintain its positive outlook by staying above the 21-period average of 21370 levels. In upward movements, resistance levels of 21475, 21555, and 21630 can be observed. While the RSI indicator exhibits a neutral trend, it is noted that the index lost 0.5% in value compared to the previous day. In this context, the Fibonacci trend area of 21475 could be a critical threshold for the direction of the index.
U.S. natural gas futures continue to remain under pressure, as weather forecasts for late January and February suggest that heating demand may be weaker than expected. Developments on European and U.S. exchanges could be expected to influence pricing during this process. Global market uncertainties, such as the U.S. temporarily suspending tariffs on Colombia and developments in China's artificial intelligence sector, may also affect natural gas prices.
The NGCUSD pair is trading at the 3.798 level with a 3.97% drop on the daily chart. Resistance levels are observed at 3.36 and 3.415 in upward movements, while potential declines could be supported at 3.215 and 3.15 levels. The RSI indicator is near the 50 level, indicating a neutral market outlook. As long as it remains below the 3.36 - 3.415 resistance zone, the downward pressure is likely to continue.
The EUR/USD pair is going through a process closely monitored by investors, especially with key central bank decisions from institutions like the Fed and ECB coming up alongside growth and inflation indicators. As important economic data such as Durable Goods Orders and Consumer Confidence are expected to be released in the US, the Dollar Index is observed to be in a recovery trend. This situation creates uncertainty regarding whether the EUR/USD pair will continue its short-term upward trend. Recent developments from the US and movements observed in the Dollar Index are among the factors that need careful monitoring in this context.
From a technical perspective, the EUR/USD pair is trading above the 1.043 support level. In upward movements, the 1.048 and 1.0545 resistance levels can be monitored. The pair's RSI indicator is at 44 and presents a negative outlook. The pair, showing a 0.47% decrease compared to the previous trading day, indicates it is at a decision-making stage. The 1.038 and 1.033 levels can be considered potential support levels in downward movements. Reactions in these support and resistance zones should be carefully observed in the pair's pricing behavior.
The GBP/USD pair is experiencing a volatile trend due to the strengthening of the dollar in global markets and the theme of a weak sterling. Data such as durable goods orders and the consumer confidence index from the US may be decisive for the direction of the pair. While the strengthening trend of the dollar index might limit the upward movements in the pair, statements from central banks like the Fed and the ECB are also among the developments that investors will monitor carefully. Uncertainties in global markets and the appreciation of the US dollar could create pressure on the GBP/USD pair.
From a technical perspective, the GBP/USD pair may pull back to support levels of 1.24 and 1.236 on the daily chart. For upward movements, resistance levels at 1.248 and 1.2525 are of significance. The RSI indicator is at 45, trending slightly negatively, which may indicate a downward inclination for the pair. The pair has shown a decline of 0.38% compared to the previous day. Currently, the pair is trying to stabilize at the 1.24516 level.
The USD/TRY pair is trading close to the 35.75 level as the Turkish Lira loses value amid a general weakness of emerging market currencies against the US Dollar. Discussions over costs among AI companies in the US and Trump's statements on universal tariffs have led to gains in the dollar index. These developments contribute to the strengthening of the US Dollar in global markets. Meanwhile, economic data such as the decline in durable goods orders from the US and the negative outlook of the consumer confidence index continue to draw market attention.
Technically, the USD/TRY pair is finding support at the levels of 35.71, 35.66, and 35.59. In upward movements, resistance levels could be observed at 35.80, 35.87, and 35.90. The RSI indicator is at the 60 level, indicating a positive outlook. The pair has shown a 0.06% change compared to the previous day. As long as it stays above 35.54, which is the lower point of the Envelope indicator, upward movements may continue. However, a tendency to remain compressed between 35.54 and 35.90 could also be observed.
Spot gold continues to remain under pressure due to the recovery in the Dollar Index following the market turmoil caused by the China-based DeepSeek artificial intelligence model. Data such as durable goods orders and Conference Board consumer confidence in the U.S. will be closely monitored throughout the day. The rise in the Dollar Index and cost discussions regarding U.S. AI companies could lead to short-term fluctuations in spot gold.
In technical analysis, spot gold continues to trade in the 2736 - 2750 support and resistance zone. There are signs that this region is in a decision phase. In upward movements, if holding above the 2750 level is sustained, the 2760 and 2770 levels can be monitored as significant resistances. For downward movements to become more pronounced, pricing below the 2736 level is required; in this case, the 2727 and 2720 support levels may come into focus. The RSI indicator is at the 50 level, showing a neutral outlook. On a daily basis, the price of spot gold is up by 0.06% and is trading at the 2742.4 level.
WTI oil prices continue to fluctuate with U.S. President Trump's announcement of new tariff implementations on industrial metals and Treasury Secretary Bessent's supportive statements regarding universal tariffs on imports. These developments create uncertainty over the global economic outlook and exert pressure on oil prices. Additionally, the volatile course of the U.S. and Asian stock markets can impact the direction of oil prices. The appreciation of the dollar increases the downside risks for oil prices.
From a technical perspective, WTI oil prices are trading at 73.225 on the daily chart, showing a 0.8% increase compared to the previous day. If the price remains below the resistance zones of 74.00 and 74.50, it may face downward pressure. In this case, potential pullbacks could be followed by support levels at 73.00, 72.50, and 72.00. The RSI indicator is displaying a neutral trend. For an upward movement to continue, hourly closings above the 74.50 level are necessary, which could bring the 75.00 resistance into focus.
Concerns about the U.S. imposing tariffs on metals such as steel, copper, and aluminum are among the significant factors affecting oil prices. While statements by Trump and Treasury Secretary Bessent regarding universal tariffs create uncertainty in the market, the dollar is seen gaining value with these developments. The launch of more cost-effective artificial intelligence models in China is impacting the performance of U.S. tech companies. This situation could lead to market movements that might indirectly affect oil prices.
Technically, the BRNUSD pair is trading at the 76.545 level on the daily chart, recording a 0.87% increase. In the upward movement of the pair, resistance levels at 77 and 77.5 could be monitored. However, as long as these resistance levels are not surpassed, downward pressure may continue. In downward movements, the support levels of 76, 75.5, and 75 should be carefully followed. The RSI indicator demonstrates a neutral appearance, hovering near the 50 level, indicating an indecisive trend for the pair.
The Chinese-based artificial intelligence company DeepSeek's launch of a lower-cost and energy-efficient model has increased competitive concerns in the U.S. AI industry. Significant losses have been observed in the shares of giant companies like Nvidia, and this situation is negatively affecting technology markets in general. As economic data such as durable goods orders and consumer confidence index are being monitored in the U.S., statements by Trump and Treasury Secretary Bessent regarding tariffs have led to the appreciation of the dollar.
The NASDAQ 100 index is trading below the resistance zone of 21400-21600. As long as the index remains below these resistance levels, the downward pressure is expected to continue. Support levels can be monitored at 21200 and 21100. Unless a permanent pricing occurs above the resistance zone, the rise expectations might remain limited. The RSI indicator is at 50 and shows a neutral outlook. The intraday change is at 0.01%, and the index is following a flat course.
The DAXEUR index is experiencing fluctuations in global markets due to the increasing artificial intelligence competition between the US and China. Developments concerning the costs of AI companies in the US are causing selling pressure on stock indices, while a more cautious movement is observed in Asian markets. Value losses in major companies like Nvidia are particularly heightening uncertainties in the technology sector. Moreover, developments regarding trade policies between the US and China and messages from central banks such as the ECB and Fed continue to exert influence on the markets.
Technically, the DAXEUR index is at the level of 21478 and has shown an increase of 0.23% in today's trading. The levels of 21385, 21320, and 21200 are monitored as support for the index, while resistance levels of 21555, 21630, and 21700 are followed in upward movements. The RSI indicator gives a neutral signal at the current level. The index's ability to remain above the short-term 21-period average might indicate that a positive outlook could continue. However, profit-taking or reactionary selling should not be overlooked at the resistance levels to be monitored.
U.S. natural gas futures continue to come under pressure due to two-week weather forecasts indicating milder weather conditions. This situation may signal a potential decrease in natural gas demand. Additionally, the cautious atmosphere in the markets following developments in the U.S. artificial intelligence sector may also affect natural gas pricing. The strengthening of the U.S. dollar stands out as another factor putting pressure on natural gas prices.
Technically, the NGCUSD pair is hovering near the 3.295 - 3.360 resistance levels, and the downward pressure is expected to continue as long as it remains below these levels. In downward movements, the 3.15 and 3.1 levels can be monitored as support. If the pair begins to rise, closures above 3.360 may bring the 3.415 and 3.470 resistance levels into focus. The RSI indicator is showing a negative trend, and the market outlook is weak. The NGCUSD pair is showing a 0.27% decrease compared to the previous day.
Global markets are experiencing a busy week with significant economic data releases, such as the meetings of the US Federal Reserve (Fed) and the European Central Bank (ECB). The Fed is not expected to change interest rates at this meeting, but Fed Chair Powell's statements and clues about the general outlook of the US economy are eagerly awaited. Additionally, the PCE inflation data to be released on Friday could play a critical role in terms of inflation expectations. These developments may affect the movements of the EURUSD pair and increase volatility.
From a technical standpoint, the EURUSD pair is trading at the 1.0440 level, noting a slight increase of 0.09%. For the pair, levels of 1.043, 1.038, and 1.033 are observed as support, while levels of 1.048, 1.0545, and 1.0605 are significant as resistance. The RSI indicator is currently at the 50 level, showing a neutral outlook. The pair is currently at a decision point and may be in a short-term search for direction due to its proximity to support and resistance levels.
Global markets are facing an intense data flow in the last days of the first month of the year. Important data such as the Federal Reserve's meeting, the European Central Bank's decision, and the US Q4 Growth figures could increase volatility in the GBPUSD pair. While no changes in interest rates are expected from the Fed in this meeting, Chairman Powell's statements will be closely monitored. These developments, which may affect the dollar index, could also be decisive in the course of GBPUSD.
From a technical perspective, the GBPUSD pair is trading near the 1.248 resistance level. In downward movements, the 1.24 and 1.236 levels can be monitored as support, while in the continuation of upward movements, the 1.25225 and 1.2565 resistance levels can be followed. The pair has shown a small change of 0.1%. Although the RSI indicator is unknown, the current position and percentage change of the price allow for the consideration of a neutral trend. This situation may indicate that the market is in search of direction.
The USD/TRY pair stands out with the divergence of emerging market currencies against the US Dollar. The weaker performance of the Turkish Lira compared to other currencies in Latin America and Asia puts pressure on the exchange rate. Uncertainties regarding the Fed's interest rate policy from the US and high inflation expectations could lead to an appreciation of the dollar. Efforts to recover in Asian markets and the flat trend in US index futures increase uncertainty in global markets.
From a technical perspective, the USD/TRY pair finds support at the 35.71 level, while resistance is observed at 35.8, 35.87, and 35.92 levels. The pair is being traded on an hourly timeframe. The RSI indicator is at the 53 level, displaying a slightly positive outlook. The pair increased by 0.05% in the last 24 hours. A move above the 35.92 resistance level could contribute to strengthening the upward movement. However, a trend towards consolidation between 35.56 and 35.92 can also be observed.
Gold is showing signs of recovery as the Dollar Index declines in the US. The Fed's monetary policy statement, which remains a focal point for the markets, along with ongoing global economic uncertainties, continue to impact the precious metal. The Fed's cautious stance and the financial results of major US tech firms could increase volatility in the markets. In this context, the movements in US 10-year bond yields and inflation pressures are among the factors supporting gold.
As seen in the chart, gold is trading above the 2750-2760 support zone, and as long as it holds above these levels, the upward potential is expected to continue. In upward movements, the resistance levels of 2770 and 2780 should be monitored. Although the current state of the RSI indicator is not specified in the chart, it is noteworthy that the price shows a slight decrease of -0.03%. For a downward scenario, persistent pricing below the 2750-2760 support zone is required, in which case the levels of 2736 and 2727 could be tested.
WTIUSD is showing an uncertain trend during a period when Trump's persistent stance on tariffs for Canada and Mexico and the evaluation of new tariffs on China are taking place. Markets are focused on the Fed's monetary policy statement. The expectation that the Fed will adopt a tighter stance due to inflation and Trump's policies could cause fluctuations in oil prices. Additionally, the dynamics in global markets and the economic condition of the US are among the factors affecting oil prices.
Technically speaking, WTI prices are trading at the level of 73.255, showing a 0.2% decrease compared to the previous day. The price movements are positioned near the 73-dollar support level on the chart, with 72.5 and 72 dollars being other support levels to watch below this level. In upward movements, the 74 and 74.5-dollar range forms a resistance. The RSI indicator displays a neutral outlook, giving an uncertain signal regarding the direction of the prices. The general outlook indicates that as long as it remains below the 74-74.5 resistance zone, the downside risks may continue.
The BRN/USD pair is exhibiting mixed movement due to the tariffs planned by Trump on Canada and Mexico, along with the potential new tariffs on China. In addition to these trade policies, expectations regarding the Fed's monetary policy in the US are also influencing oil prices. In Asian markets, attention is focused on the Fed's monetary policy statement. While efforts to recover continue following the sell-off in US tech stocks, uncertainties in the markets are setting the stage for fluctuating oil prices.
Technically, the BRN/USD pair is trading below the 76.50 – 77.00 resistance zone, indicating that the downward pressure may continue. In case of potential declines, the levels of 76.00 and 75.50 can be monitored as support. In upward recoveries, the 77.00 resistance is significant; if hourly closings occur above this level, targets could be 77.50 and 78.00. The RSI indicator is at 49, showing a neutral outlook. The pair's 0.07% drop compared to the previous day suggests that the volatile trend is continuing.
The NASDAQ100 index is supported by factors such as the recovery in Nvidia's market value and the decline in US 10-year Treasury yields. This recovery in the technology sector contributes positively to general market trends. The Fed's monetary policy statement in the US attracts the attention of investors, and it is thought that this statement could play an important role in market volatility. The recovery effort seen in the Asian session also has an indirect positive effect on Nasdaq.
Technically, the NASDAQ100 index is at a critical decision stage in the 21,400 – 21,600 range. The index is trading above the 21,400 level and is showing an increase of 0.22%. To maintain its positive outlook, it's important for the index to exhibit sustained movements above the 21,600 level. In potential uptrends, the resistance levels at 21,700 and 21,820 may be monitored. However, for a negative outlook to form, a drop below the 21,400 level should be observed, in which case the support levels at 21,300 and 21,200 may come into focus. The RSI indicator is at the 47 level, displaying a neutral outlook.
The DAXEUR pair is drawing attention as global market fluctuations and the focus on upcoming central bank meetings come into play. Last week, there was a move approaching October peaks in the SP500 index, but it subsequently pulled back. The DAX40 index, on the other hand, is maintaining its course near the 21650 peak by limiting its decline at the 21200 level. During this time, investors' eyes will be on the decisions made in the Fed and European Central Bank's first meetings of the year. Particularly, growth and inflation data to be announced in the U.S. could be decisive for the market's direction.
From a technical perspective, the DAX40 has found strong support at the 21350 level. In upward movements, the 21650 level is observed as the first resistance point, while higher, 21775 and 21850 levels may be followed. The RSI indicator is showing a neutral tendency at the 50 level. It is observed that the pair has changed by -0.06 percent today. The short-term positive trend may continue above the 21-period average, while the Envelope indicator's upper point, at the 21775 level, stands out as a critical resistance. If the pair struggles to surpass these levels, there could be a pullback towards the reference support levels again.
U.S. natural gas futures remain under pressure due to above-normal temperatures in the southeastern region. The volatility in the markets may increase as investors follow the course of European and U.S. exchanges along with the Fed's monetary policy statements. Additionally, the Fed's interest rate policy and movements in U.S. technology stocks could indirectly affect natural gas prices.
According to the technical analysis on the NGCUSD pair, as long as prices remain below the 3.150 – 3.215 resistance zone, the downward pressure may continue. In downward movements, the 3.040 and 2.975 support levels can be watched. With the RSI indicator displaying a negative outlook, a 0.53% retracement in prices has been observed. For an upward recovery, it is important to exceed 3.215 and ensure hourly closings above this level. In this case, the 3.295 and 3.360 levels may come into focus.
While the inflation data from the Eurozone aligned with expectations, the ISM Services PMI data in the US surpassed expectations, highlighting an increased growth rate. The US Dollar Index (DXY) limited its losses from the beginning of the week, showing recovery and maintaining its strong stance against the Euro. Today's release of the ADP private-sector employment data and the FOMC minutes will be closely monitored by the markets. The rise in US bond yields and the strengthening of the dollar emerge as factors supporting the negative trend of the exchange rate. These developments continue to influence the volatile movement of the EUR/USD pair.
From a technical perspective, the EUR/USD pair encountered resistance at the 1.0440 level and retreated back towards 1.0330. The pair is exhibiting a negative trend below the 233-period average (1.0500). On the daily chart, the 1.0330 level stands out as a significant support point, and dropping below this level may bring about a more pronounced downward trend. In upward movements, the resistance levels of 1.0375, 1.044, and 1.048 should be monitored. The RSI indicator is at 38, displaying a negative outlook. The pair has shown a decline of 0.16% compared to the previous day.
As the first month of the new year comes to an end, a significant flow of data begins in global markets. The US Federal Reserve (Fed) is holding its first meeting of the year today, while the European Central Bank (ECB) decision and the US Q4 Growth data will be announced tomorrow. On Friday, the Fed's inflation indicator, the Personal Consumption Expenditures (PCE) data, will follow. These developments could affect the Dollar Index, increasing volatility in the EURUSD and GBPUSD pairs. While the Fed expects two interest rate cuts throughout the year, no changes are anticipated in this meeting. A key point will be the guidance provided by Fed Chairman Powell regarding his monetary policy strategy.
When examining the EURUSD pair, the range of 1.0404 – 1.0430 stands out as a critical area. As the pair approaches these averages, we also observe that the Dollar Index is in a decision-making process. There is curiosity about whether the pair will remain above these levels or dip below, entering a negative trend. It is crucial to carefully monitor the pricing behavior around these averages in both EURUSD and DXY.
The GBP/USD pair continues to remain under pressure due to strong economic data from the US and a recovery in the dollar index. Inflation data from the Eurozone coming in line with expectations, along with the ISM Services PMI and JOLTS job openings data announced in the US, contributed to the appreciation of the dollar. Markets will attempt to find direction with developments throughout the day such as the ADP private sector employment data and FOMC meeting minutes. Volatility may increase in the markets ahead of the US non-farm payrolls data.
From a technical perspective, the GBP/USD pair is located at the 1.2485 level, close to a significant support level. On the 1-hour chart, the 1.2470 and 1.2440 levels are monitored as support, while resistance levels at 1.2525 and 1.2565 should be followed for upward movements. The RSI indicator is at 41, indicating a slightly negative market tendency. The pair is showing a 0.10% depreciation compared to the previous day.
As we approach the first month of the new year, a critical flow of data is beginning in global markets. The U.S. Federal Reserve (Fed) is holding its first meeting of the year today, while the European Central Bank (ECB) decision and the U.S. fourth-quarter growth data will be announced tomorrow. On Friday, the Fed's inflation indicator, the PCE (Personal Consumption Expenditures), will be monitored. With these developments, the Dollar Index could increase volatility in the EUR/USD and GBP/USD pairs. While two interest rate cuts are expected from the Fed within the year, no change in rates is anticipated during this meeting. Fed Chairman Powell's guidance regarding monetary policy strategies from the Trump era will be the main focus.
The classic Dollar Index presents a positive outlook above the 233-day average (104.80), while movements below the 34-day average (107.73) keep short-term reaction thoughts in play. In the GBP/USD pair, a trend review has begun with the breach of the 55-period exponential moving average (1.2360). It is crucial to closely monitor both averages, as movements at these levels could be decisive for the market. Levels of 1.2525 – 1.2565 or 1.2315 – 1.2270 may occupy the agenda in the coming days.
The USD/TRY pair is trying to find direction amid developments in global markets. The dollar is strengthening with the ISM services PMI and JOLTS job openings data from the US coming in above expectations. This situation could put pressure on the Turkish Lira. However, the neutral stance of the TL against other emerging market currencies is noteworthy. The rise in US bond yields and uncertainties regarding the Fed's interest rate policies continue to influence the pair.
Technically, it is observed that the USD/TRY pair is close to the 35.35 resistance level on the 4-hour chart. In upward movements, the 35.40 and 35.45 resistance levels gain importance. In potential pullbacks, the 35.28, 35.22, and 35.15 support levels can be monitored. The RSI indicator is at the 60 level, indicating a slightly positive trend in the market. The pair has risen by 0.11% compared to the previous day. Price may become compressed between support and resistance levels, so movements at these levels should be closely monitored.
On a day when emerging market currencies exhibited varied performances against the US Dollar, the weakest currency was the Peruvian Sol, which depreciated by 0.08%, while the strongest was the Thai Baht, with an increase of 0.46%. The Turkish Lira, at a depreciation of 0.06%, ranked among the weaker currencies, trading at around 35.75 at the time of the USDTRY analysis.
In the short term, examining the USDTRY exchange rate, the lower level of the 1. Envelope indicator (purple) has been set at 35.56. If the rate remains above this level, an optimistic outlook may continue. This scenario has the potential to create movement towards the levels of 35.80, 35.87, and 35.92. In particular, sustained trading above 35.92 could strengthen the current trend. Otherwise, a squeeze between 35.56 and 35.92 may be observed. Unless there is significant news flow in TL terms, no major trend change in the exchange rate is expected. Key levels for the day: 35.56 and 35.92.
Gold is under pressure as the dollar index recovers following ISM Services PMI and JOLTS job openings data from the US that exceeded expectations. Today's upcoming data, such as the ADP non-farm employment change and FOMC meeting minutes, are anticipated to cause additional volatility for gold. Markets are starting to delay their expectations for a Fed rate cut, owing to the strong performance of US economic data. These developments might limit the safe haven demand for gold.
Technically, gold is trading in the range of 2633 - 2650, indicating a significant decision-making phase. In upward movements, if there is a sustained move above the 2650 level, the target resistance levels could be 2660 and 2666. In downward movements, if the price falls below the 2633 level, the support levels of 2625 and 2620 could come into focus. The RSI indicator is at the 50 level and exhibits a neutral trend, reflecting the market’s indecision. A slight increase of 0.09% in the gold price compared to the previous day is observed.
After the fluctuations at the beginning of the week, the Dollar Index entered a recovery phase and began to decline after reaching the 108 level. This situation presents a new opportunity for the recovery of gold. Today, the statements from the Fed regarding monetary policy will be closely monitored.
Gold continues to trade above the level supported by the indicators we are tracking in the short term. As long as the precious metal remains above the 2750 – 2760 range, it may hold potential for further upward movement. If positive momentum continues, there could be a movement towards the 2770 and 2780 levels. In an alternative scenario, if there are sustained price levels below the 2750 – 2760 region, a decline towards the 2736 and 2727 levels may occur. The critical level for the day is: the 2750 – 2760 range.
Oil prices have made a positive start following the American Petroleum Institute's announcement of a 4-million-barrel drop in inventories. Additionally, expectations of potential new sanctions on Russian and Iranian oil after Trump's inauguration are also exerting an upward influence on prices. Data from the U.S. Energy Information Administration and the course of European and U.S. stock markets may be closely monitored throughout the day.
Technically, when examining the WTIUSD chart, prices are seen hovering around the 74.00 level. In the daily timeframe, 74.00 and 73.50 levels stand out as significant support points, while upward movements highlight the resistance levels of 75.00 and 75.50. The RSI indicator is at the 54 level, showing a slightly positive outlook. Prices have increased by 0.81% compared to the previous day. Prices staying above the 74.00 level could be an important indicator for the continuation of upward movements.
Oil futures are experiencing volatility as Trump's tariff plans are assessed. According to statements, Trump remains determined to impose a 25% tariff on Canada and Mexico, and new tariffs on China are being worked on. The key agenda item today is the Fed's monetary policy announcement.
Price movements may show a downward trend as long as they remain below the resistance levels of 74.00 – 74.50. In the event of a decline, target levels of 73.00 and 72.50 stand out. Conversely, if there is an upward movement, new decline potential may emerge as long as the resistance zone of 74.00 – 74.50 remains valid. Therefore, movements and hourly closes above the 74.50 level should be monitored; in that case, levels of 75.00 and 75.50 could come into play. Important Level: 74.00 – 74.50.
Oil prices made a positive start following the announcement from the American Petroleum Institute of a 4 million barrel drop in inventories. Possible sanctions by the US on Russian and Iranian oil are also among the factors supporting this rise. The trend in European and US stock markets, along with the inventory figures to be released by the US Energy Information Administration, could influence pricing. In this context, potential supply constraints and global economic developments will be decisive for oil prices.
Technically, the BRN/USD pair is trading on the 4-hour chart timeframe. Prices are attempting to hold above the 77 and 76.5 support levels, and maintaining these levels is crucial for the continuation of upward movements. In upward movements, the resistance levels of 77.5, 78, and 78.5 can be monitored. The RSI indicator is at the 60 level, presenting a positive outlook. An increase of 0.69% compared to the previous day is observed, indicating that the upward trend continues.
The oil futures market is experiencing fluctuations as it evaluates the impacts of Trump's tariff plans. Reports indicate that Trump is determined to impose a 25% tariff on Canada and Mexico, while new tariffs on China are also on the agenda. The significant headline of the day will be the Fed's monetary policy statement.
As long as prices remain below the 76.50 – 77.00 resistance, a downward outlook may be prominent. In case of potential declines, the 76.00 and 75.50 levels could be targeted. Additionally, if there is a recovery, new downside potential could arise as long as the 76.50 – 77.00 resistance is not broken. For a continued upward trend, a sustained movement and hourly closes above 77.00 should be observed. In that case, the 77.50 and 78.00 levels may come into play. The critical levels of the day have been set at 76.50 – 77.00.
The NASDAQ100 Index has been under pressure as the ISM services PMI data exceeded expectations and the JOLTS job openings showed expansion. These data from the US caused a rise in 10-year bond yields and had a negative impact on NASDAQ100. Additionally, factors such as the release of ADP non-farm employment change, unemployment claims, the speech by FOMC member Waller, and the FOMC meeting minutes to be announced during the day may affect market movements.
Technically, the NASDAQ100 index is trading within the 21400 – 21600 support zone. For positive movements to continue, a sustained move above the 21600 level is necessary. In this case, the 21700 and 21800 resistance levels can be monitored. However, if it remains below the 21400 support, the index's downward movement may extend to the 21300 and 21200 levels. The RSI indicator is at the 56 level, showing a slightly positive trend. The index has increased by 0.26% compared to the last close and should be monitored within the framework of a decision-making scenario.
After the DeepSeek tremor, Nvidia compensated for part of its loss of over $500 billion in market value, showing an increase of 8.9%. This situation has laid the groundwork for a positive recovery in the technology sector. Additionally, the decline in U.S. 10-year Treasury yields contributed to the rise of the NASDAQ100 Index. Throughout the day, the Fed's monetary policy announcements can be monitored.
The NASDAQ100 index is trading below the levels supported by the indicators we are monitoring. When we technically assess short-term pricing, as long as it remains within the range of 21400 – 21600, supported by the 21 (21536) and 233 (21418) period exponential moving averages, a decision phase scenario may be valid. To strengthen a positive outlook, sustained pricing above the 21600 level is required. In potential recoveries, the levels of 21700 and 21820 may come into focus, while maintaining below 21400 increases the likelihood of encountering the 21300 and 21200 levels. The key level of the day: the range of 21400 – 21600.
The inflation data in the Eurozone, aligning with expectations, and the strong ISM Services PMI data announced in the U.S. are creating a positive atmosphere in the Dax40 index. The index has been exhibiting a positive outlook since the first trading day of the week, advancing towards the 20648 peak. Market attention has shifted to the ADP private sector employment data and the FOMC minutes, where details of the Fed's December meeting will be revealed. The strong performance of the data from the U.S. is causing the dollar to appreciate and leading markets to refocus on the fight against inflation.
From a technical perspective, the Dax40 index is trending above the 50 and 100-period moving averages at the 20185 level, supporting the upward movement. As long as it remains above the 20385 level, the possibility of reaching the 20648 resistance remains strong. In case of potential pullbacks, the levels of 20385, 20280, and 20185 should be monitored as support. The RSI indicator stands at 52, showing a neutral outlook. The index has registered a 0.02% decline compared to the previous day.
In this period where the agenda of Artificial Intelligence wars has shaken the markets, it seems that we are entering a normalization process following the sharp corrections observed. Global stock indices are striving to recover their losses. Last week, the SP500 index attempted to recover from the 5900 level while approaching the October peak (6163), while the Dax40 index is limiting its decline at 21200 and trading near the 21650 peak. Before completing the first month of the new year, global markets are focusing on the first meeting of the U.S. Federal Reserve and the decisions of the European Central Bank.
When we examine the Dax40 index from a technical perspective, the lower point of the short-term Envelope indicator (21350) and the 21-period average (21453) stand out as significant levels. The index can maintain its positive outlook above these reference points. Possible upward movements towards the levels of 21650, 21775, and 21850 can be monitored. Particularly, the upper point of the Envelope indicator (21775) is crucial for tracking important levels like 21995 and 22135.
U.S. natural gas futures began the week with an increase due to the rise in heating demand but then fell below the week’s opening levels under pressure from rising production and balanced export demand. The performance of European and U.S. stock markets is expected to influence intra-day pricing. Additionally, ISM services PMI and JOLTS job openings data in the U.S. exceeding market expectations strengthened the dollar and heightened expectations regarding the fight against inflation. Key developments of the day include the ADP private sector employment data and the FOMC meeting minutes.
From a technical perspective, the NGCUSD pair is trading below the resistance levels of 3.52 and 3.57 on the daily chart. If these levels are broken, a move towards the 3.62 resistance level can be observed. In downward movements, the support levels of 3.4, 3.36, and 3.33 can be monitored. The RSI indicator is at the 60 level, displaying a positive outlook. Compared to the previous day, the pair increased by 4.00%, which can be considered as a signal of upward momentum.
U.S. natural gas futures continue to be under pressure due to rising temperatures above seasonal norms in the southeastern region of the country. Throughout the day, movements in European and U.S. markets, as well as announcements regarding the Fed's monetary policy, are being closely monitored.
As long as prices remain below the resistance levels of 3.150 – 3.215, a downward trend may be observed. In the event of a decline, levels of 3.040 and 2.975 can be targeted, while a breakthrough above the 3.150 – 3.215 resistance could create the potential for a new upward trend. In this case, levels of 3.295 and 3.360 may come into focus. Among the important levels of the day, the range of 3.150 – 3.215 stands out.
As we approach the end of the first month of the new year, the flow of critical data in global markets continues. Following the Federal Reserve, the European Central Bank's (ECB) interest rate decision and President Lagarde's statements will be important developments to watch, alongside the U.S. Q4 Growth data. The impact of the Dollar Index may increase volatility in EURUSD and GBPUSD pairs. While a 25 basis point rate cut is expected from the ECB in this meeting, a total reduction of 100 basis points is anticipated throughout the year. The main focus will be on Lagarde's response to the monetary policy strategy during the Trump era.
The classic Dollar Index shows a medium-term positive trend above the 233-day average (104.80), but short-term movements below the 34-day average (107.73) are noteworthy. Similar to developments in DXY, the EURUSD pair is at an important decision stage in the 1.0409 – 1.0430 range. In this process, the direction of the Dollar Index will determine the future movements of the pair.
As we approach the end of the first month of the new year, the flow of critical data in global markets continues. Following the U.S. Federal Reserve (Fed), today the European Central Bank (ECB) will announce its interest rate decision, and President Lagarde's speech will be closely monitored. Additionally, the U.S. fourth-quarter growth data is a significant agenda item. Tomorrow, the Fed's inflation indicator, the PCE (Personal Consumption Expenditures), will be released. Due to the impact of the Dollar Index, volatility is expected in the EURUSD and GBPUSD pairs. The ECB is projected to implement a total of four interest rate cuts amounting to 100 basis points throughout the year, with a 25 basis point cut anticipated in this meeting.
Attention is focused on ECB President Lagarde's strategies regarding monetary policy and how she will guide the implementations from the Trump era. The classic Dollar Index shows a medium-term positive outlook above the 233-day average (104.80), while remaining below the short-term 34-day average (107.73) keeps a reactionary mindset on the agenda. A similar decision-making process is ongoing in the GBPUSD pair, with the 1.2360 and 1.2480 levels being critical for the market.
On a morning when emerging market currencies are moving in different directions against the US Dollar, the weakest currency is the Peruvian Sol, while the strongest is the Polish Zloty. The Turkish Lira ranks lower on the list with a 0.01% depreciation, trading close to the level of 35.77 at the time of the USDTRY analysis.
In a short-term evaluation of USDTRY, the lower point of the 1st Envelope indicator (purple) at 35.59 presents an area where the exchange rate can maintain its optimism if it remains above this level. This situation could create potential movement towards resistance levels, primarily 35.80, as well as 35.87 and 35.95. In particular, maintaining stability at the upper point of the 1st Envelope indicator (purple) at 35.95 could contribute to strengthening the current trend. Otherwise, a consolidation between 35.59 and 35.87 may be observed. No significant trend change is expected in the exchange rate unless there is sharp news flow in TL terms. Key levels: 35.59 and 35.87.
The Fed decided to keep the policy interest rate unchanged, in line with market expectations. In a press conference, Fed Chairman Jerome Powell emphasized the progress made against inflation and indicated that there is still a possibility for interest rate cuts in the future. According to CME data, the market anticipates two 25 basis point interest rate cuts within this year. These developments have put pressure on the Dollar Index, allowing gold to gain in value. Additionally, monitoring the ECB's monetary policy announcements, the US growth rate, deflator data, and unemployment claims is crucial throughout the day.
Gold is trading at a critical level supported by short-term indicators. Its current pricing in the range of 2750 – 2760 indicates that an important decision-making phase is ongoing. To establish a positive trend, sustained prices above the 2760 level are necessary. In the event of recoveries, the 2770 and 2780 levels may come into play, while for negative scenarios, a sustained position below 2750 may be required. In the case of declines, the levels to watch are 2736 and 2727. The critical level for the day is: 2750 – 2760 range.
Oil futures continue to show a downward trend following the decline recorded the previous day. A 3.46 million barrel increase in U.S. stocks and the pressures caused by Trump's influence are among the main factors affecting this situation. Throughout the day, the performance of European and U.S. stock markets may be closely monitored.
If prices remain below the resistance levels of 73.00 – 73.50, a continuation of the downward trend is expected. Should prices decline, the 72.00 and 71.50 levels may be considered potential targets. In the event of possible recoveries, new decline opportunities may arise if the resistance levels of 73.00 – 73.50 remain valid. To sustain the upward momentum, closing prices above 73.50 should be observed; in this case, the levels of 74.00 and 74.50 could also come into play. The critical level for the day has been determined as 73.00 – 73.50.
Oil futures continue to display a downward trend following the decline observed the previous day. The increase of 3.46 million barrels in U.S. inventories and the effects of Trump are among the main reasons for the pressure on the market. Throughout the day, the performance of European and U.S. stock markets can also be closely monitored.
If prices remain below the resistance levels of 76.00 - 76.50, it is likely that the downward trend will persist. In the event of a potential decline, the levels of 75.00 and 74.50 may be considered. If the market shows signs of recovery, maintaining the resistance levels of 76.00 - 76.50 could increase the potential for further declines. For an uptrend, it is crucial to see daily closes above the 76.50 level; in that case, the levels of 77.00 and 77.50 may come into play. The critical level of the day: 76.00 - 76.50.
The Fed attracted attention by deciding to keep the policy interest rate steady, as the market had anticipated. Fed Chairman Jerome Powell highlighted the progress made against inflation during the press conference and indicated that there is still room for future rate cuts. According to CME data, the market expects two 25 basis point cuts this year. These developments have made it difficult for 10-year bond yields to recover, while paving the way for the NASDAQ100 Index's rise. Throughout the day, indicators such as growth rate, deflator, and unemployment claims should be monitored.
The NASDAQ100 index is trading above supportive indicators. In short-term technical analysis, if the index remains in the 21400 – 21600 range supported by the 21 (21554) and 233 (21426) period exponential moving averages, upward expectations may strengthen. If the upward movement continues, levels of 21700 and 21820 may be tested. However, for a negative trend, it is essential to maintain levels below the 21400 – 21600 range; in this case, there could be room for movement towards 21300 and 21200 levels. Key level: 21400 – 21600 range.
In this period where the agenda is dominated by artificial intelligence wars, the markets have entered a normalization process after sharp corrections. Global stock indices are striving to recover their losses. Europe's prominent index, Dax40, stands out with a performance exceeding 8% for the month and continues to update its peak figures. As we approach the end of the first month of the new year, critical data flow for global markets continues. Alongside the U.S. Federal Reserve's (Fed) interest rate decision, the European Central Bank's (ECB) rate decision and President Lagarde's speech are among the topics that investors are closely monitoring.
From a technical perspective regarding the Dax40 index, the short-term Envelope indicator's lower point (21485) and the 21-period average (21550) are important references. If the index remains above these levels, increases toward 21650, 21775, and 21850 may be observed. Additionally, the upper point of the Envelope indicator (21920) and other indicators are critical for determining the direction of potential trend rallies or corrective sales. Maintaining above the 55-period average (21265) in the medium term indicates that the main trend will continue to follow a positive course. Key levels: 21485 and 21920.
U.S. natural gas futures showed a recovery midweek after a week of declines. The recent downturn was influenced by the country's near-term weather forecasts. Throughout the day, the performance of European and U.S. stock markets, along with the inventory data to be released by the U.S. Energy Information Administration, can be closely monitored.
During this period, price movements and hourly closes in the range of 3.140 – 3.190 could provide clarity on market direction. Closes below the 3.140 level may increase the desire for a decline, with 3.100 and 3.040 levels set as targets. In the event of possible recoveries, the situation regarding the 3.190 resistance should be taken into account; breaking this resistance could lead to the emergence of the 3.250 to 3.295 levels. Critical levels for the day: 3.140 – 3.190.
The EURUSD pair continues to find direction through economic data and central bank decisions closely watched by global markets. The European Central Bank's interest rate decision and President Lagarde's speech could have a significant impact on the markets. While the ECB is expected to continue its interest rate cuts, market participants will closely monitor signals Lagarde may provide regarding future monetary policy strategies. Meanwhile, the US Q4 Growth data and the Fed's inflation indicator PCE are also on the markets' agenda. These developments could increase the volatility of the EURUSD pair via the Dollar Index.
Technically, on the daily chart, EURUSD is observed with support at the 1.038, 1.033, and 1.027 levels, while upward movements are tracked with resistance at the 1.043, 1.048, and 1.0545 levels. The pair is currently trading sideways at the 1.04206 level, with a change of 0.01% compared to the previous day. The RSI indicator presents a neutral outlook. The pair's movement near key resistance and support levels suggests it is at a decision point, and breaking these levels could be directional.
The GBP/USD pair is drawing attention in a week where major central banks' interest rate decisions will be announced in global markets. While the European Central Bank (ECB) is expected to cut interest rates, the statements of ECB President Lagarde are also being closely watched. In the U.S., the focus is on 4th Quarter Growth data and the PCE data, the Fed's inflation gauge. These developments could increase volatility in the Dollar Index and, consequently, the GBP/USD pair.
Technically, the GBP/USD pair continues to trade above the 1.2360 support and is targeting the 1.2480 resistance level. The pair is trading above the 55-period exponential moving average (1.2360) and just below the 233-period exponential moving average (1.2480). The RSI indicator is near the 50 level, showing a neutral outlook. The pair is trading at 1.24457, down 0.03% from the previous day. Support levels are observed at 1.24, 1.236, and 1.2315, while resistance levels are highlighted at 1.248, 1.25225, and 1.2565.
Amid fluctuations in emerging markets, the Turkish Lira is relatively stable against the USD. In global markets, the decision by the US Federal Reserve (Fed) to keep interest rates steady has created limited optimism in Asian markets. However, local economic dynamics and potential sharp news flows continue to be determining factors for the TL's performance in Turkey. The European Central Bank's interest rate cuts and US economic data may also have indirect effects on the direction of the USD/TRY pair.
Technically, the USD/TRY pair is trading at the level of 35.77. In the short term on the chart, a tendency to compress between the 35.59 support and 35.80 resistance levels is observed. In the upward movement of the pair, the levels of 35.87 and 35.95 can be monitored as resistance. In downward market movements, the levels of 35.71, 35.66, and 35.59 are being tracked as support. The RSI indicator is at a neutral level, and the market is displaying a calm outlook. Although a change in short-term trend is not expected for the pair, markets continue to pay attention to support and resistance levels.
The Fed keeping its policy rate unchanged and Powell signaling potential future rate cuts positively impacts gold. While markets anticipate two 25 basis point rate cuts within the year, this expectation limits the recovery of the dollar index and allows gold to rise. During the day, data such as the ECB's monetary policy statement, US growth rate, and unemployment benefits applications could influence gold prices.
Technically, gold is at a decision point in the 2750-2760 range. Persistent pricing above the 2760 level in upward movements could reinforce a positive outlook, bringing the 2770 and 2780 resistance levels into focus. In downward movements, persistence below the 2750 level might highlight a negative expectation, with the 2736 and 2727 support levels being monitored in case of declines. The RSI indicator shows a neutral view, with the price change holding steady at 0%. There are areas within the short-term chart that need close monitoring.
The WTIUSD pair remains under downward pressure due to the increase in U.S. inventories and the Trump effect. The developments in global markets, particularly the course of the U.S. and European stock exchanges, can be decisive in oil pricing. Limited optimism in Asian markets and the Federal Reserve's statements regarding interest rate policy may cause short-term fluctuations in the markets. During this process, as long as oil prices generally stay below the 73.00 – 73.50 resistance levels, the downward pressure is expected to continue.
From a technical perspective, the WTIUSD pair may pull back towards the 72.00 and 71.50 support levels on the daily chart. In upward movements, the 73.00 and 73.50 resistance levels are critically important. It is observed that the price is around 72.295 and has decreased by 0.29%. The RSI indicator has a neutral appearance, indicating no clear trend yet. As long as the price does not close above the 73.50 level, potential upward movements appear limited.
Oil prices remain under pressure due to the increase in U.S. inventories and Trump's impact on the markets. The Fed's decision to keep interest rates unchanged and Powell's statements are also being closely monitored by the markets. The anticipated interest rate cuts by the European Central Bank and the limited optimism in Asian markets may have indirect effects on oil. In this context, investors continue to watch the volatility in European and U.S. stock exchanges.
In the chart analysis, BRNUSD is trading at the level of 75.415, indicating a 0.4% decrease. On the daily timeframe, the pair has resistance levels at 76.00 and 76.50 above. In downward movements, the support levels of 75.00 and 74.50 stand out. The RSI indicator shows a neutral outlook, suggesting that the market is trying to find direction. In light of this data, it is important to monitor price movements, paying attention to the main support and resistance levels.
The NASDAQ100 index maintains its upward trend as the Fed keeps interest rates steady and delivers positive messages regarding inflation. Signals from Fed Chairman Jerome Powell indicating potential future rate cuts have been welcomed by the markets, putting downward pressure on 10-year bond yields. There is limited optimism in Asian markets as well, particularly influenced by holidays in China and other regions. The growth rate and other economic data to be announced in the U.S. during the day may be decisive for the market's direction.
Technically, the NASDAQ100 index is trading above the 21400 – 21600 support range, indicating an upward expectation. If the index continues its rise, the resistance levels of 21700 and 21820 can be monitored. In an alternative scenario, if it falls below the 21400 - 21600 support range, a pullback towards the 21300 and 21200 levels may occur. The RSI indicator displays a positive outlook, and a 0.4% increase in price compared to the previous day suggests that short-term upward momentum may be maintained.
The DAXEUR pair is shaped by the recovery efforts of global stock indices and expectations regarding the European Central Bank’s (ECB) interest rate decision. The ECB's interest rate cut policy and Germany's strong performance are among the fundamental factors supporting the index. Economic data from the USA and the financial results of major technology companies also emerge as significant developments that could cause fluctuations in the markets. In the coming days, statements from ECB President Lagarde and important economic data from the USA may be decisive for the market direction.
Technically, DAXEUR is trading at the 21737 level, showing a 0.03% decrease compared to the previous day. The index is holding above the support levels at 21650 and 21550. In upward movements, the resistance levels at 21775 and 21920 can be monitored. The RSI indicator reflects a neutral outlook in the market. While the positive trend continues above the Envelope indicator and the 21-period moving average, if these levels are breached, the 21485 support level might become significant. Overall, the index appears to maintain its medium-term positive trend.
U.S. natural gas futures showed some recovery mid-week following declines influenced by weather forecasts. Alongside the trends in the European and U.S. markets, the inventory figures to be announced by the U.S. Energy Information Administration could impact the market's direction. Limited optimism in Asian markets and the Federal Reserve's decision to keep interest rates unchanged are also factors shaping market dynamics. The European Central Bank's expectations for interest rate cuts aim to stimulate economic growth.
Technically, the NGCUSD pair is fluctuating in the 3.140 – 3.190 range. Closures below the 3.140 level could indicate a downward trend toward the support levels of 3.100 and 3.040. In upward movements, if the 3.190 resistance is broken, the targets might be the resistance levels of 3.250 and 3.295. The RSI indicator is at 60 and displays a positive outlook. The pair is trading with a 0.44% increase compared to the previous day.
We are leaving behind a week where the messages of critical central banks stood out. Following yesterday's ECB and US GDP data, today the Fed's PCE (Personal Consumption Expenditures) inflation indicator will be closely monitored. While the classic Dollar Index has a medium-term positive outlook above the 233-day average (104.80), it is drawing attention with movements around the short-term 34-day average (107.73). The question of whether the Dollar will remain strong while the Euro and Sterling stay weak is on the agenda. Therefore, the relationship of the index with the short-term indicator is of great importance.
When we examine the EURUSD pair, the range between 1.0380 and 1.0430, where the 55 and 233-period averages lie, represents a critical level. The pair is at a decision stage within this region. During this period of uncertainty for the Dollar Index, it remains to be seen whether EURUSD can hold above this critical level or fall below it, entering a negative trend. Price behavior in EURUSD should be carefully monitored, just like in DXY. Key levels: 1.0380 and 1.0430.
We have just passed a week where the messages from critical central banks intensified. Following the European Central Bank (ECB) and US Gross Domestic Product (GDP) data released yesterday, today the Fed's Personal Consumption Expenditures (PCE) inflation indicator will be monitored. The classic Dollar Index shows a medium-term positive outlook above the 233-day average (104.80). However, short-term movements around the 34-day average (107.73) are increasing uncertainty in the markets.
In the GBPUSD pair, the range between 1.2395 and 1.2480, where the 55 and 233-day averages are located, holds critical importance. The pair is showing an indecisive trend within this area. As the Dollar Index tries to find direction, there is curiosity about whether GBPUSD will remain above these levels or dip below, entering a negative trend. Therefore, price behaviors around the averages should be monitored closely. Important levels: 1.2395 and 1.2480.
Emerging market currencies continue to move in different directions against the US Dollar. Today, the weakest currency is the Malaysian Ringgit, which has fallen by 0.70%, while the Colombian Peso stands out as the strongest currency with a 0.08% increase. The Turkish Lira holds a weak position on the list with a 0.25% decline, and as of the moment this analysis is being conducted, the USDTRY exchange rate is trading at 35.86.
When evaluating the USDTRY exchange rate in the short term, the lower point of the first Envelope indicator at 35.62 emerges as a critical threshold. As long as the exchange rate remains above this level, an upward movement towards 35.87, 35.93, and 35.98 seems possible. Particularly, if the upper point of the first Envelope indicator sustains above 35.98, an strengthening of the current trend can be expected. Otherwise, a consolidation process between 35.62 and 35.98 may be observed. Unless there is significant news flow in TL terms, no notable trend change is anticipated in the markets.
On Thursday, the European Central Bank's (ECB) interest rate decision and President Lagarde's speech led to significant reversals in DXY, EURUSD, and GBPUSD pairs ahead of the US employment data on Friday. After starting the week with a negative performance, we will monitor the effects of the week's critical developments to understand whether the pricing reactions in these pairs pose risks to the overall trend conditions.
The optimism continuing above the 233-day exponential moving average (105.25) stands out, especially given the pressure on the Classic Dollar Index during its first trading day and its movement below the 34-day average (107.25). The competition between short-term sellers and medium-term buyers will influence the pricing behavior of DXY in light of the outcomes from the macro developments on Thursday and Friday.
On Thursday, the European Central Bank's (ECB) interest rate decision and President Lagarde's speech led to significant recoveries in the DXY, EURUSD, and GBPUSD pairs ahead of Friday's U.S. employment data. The price movements in these pairs, which started the week with poor performance, will be closely monitored to determine whether they pose a threat to the overall trend.
The GBPUSD pair maintains its optimism in the 1.2525 – 1.2570 range. This situation could create room for movement towards the 1.2715, 1.2760, and 1.2810 levels. Sustained movement above 1.2715 could strengthen the current bullish sentiment, bringing the 1.2810 level into focus. However, sustained movements below this region could trigger new pricing reactions, with the 1.2525 – 1.2570 area standing out as a key level.
Following the resurgence of geopolitical risks between Russia and Ukraine highlighted by the Trump-Zelensky discussion, the Ukrainian leader's visit to Europe and the support he will receive from these countries have triggered a positive pricing response in European stock markets, led by defense companies. In light of the latest developments, Dax40 has revised its peak level from 23000 to 23350, while pricing reactions continue around the 23000 mark.
When conducting a technical analysis of the Dax40 index, the lower point of the Envelope indicator ranges from 22680 to 22805, with the index maintaining its positive trend above this area. In this context, a movement towards levels of 23100, particularly 23245 and 23350, may occur. Sustained movements above 23245 could enhance the bullish outlook and contribute to the quest to surpass 23350. Otherwise, a reaction towards the critical area may take place.
The currencies of developing countries continue to exhibit varying trends against the US Dollar. Today, the strongest currency is the Peruvian Sol, which has risen by 0.84%, while the weakest is the Mexican Peso, which has depreciated by 0.53%. The Turkish Lira is trading around 36.43, maintaining a strong position with a change of 0.02% at the time of USDTRY analysis.
In the short term, examining the USDTRY exchange rate, the 36.26 level, located below the 1st Envelope indicator (in purple), is of critical importance. If the rate remains above this level, there may be upward movement towards resistance points such as 36.47, 36.55, and 36.62. Sustaining above 36.62 could strengthen the current trend; otherwise, a consolidation between 36.26 and 36.62 is expected.
On Monday, President Trump announced that a 25% tariff on Mexico and Canada has come into effect and that tariffs on China will be increased to 20%. He also emphasized that a response will be given to countries imposing tariffs on the U.S. on April 2. This situation has heightened inflation concerns and increased risk perception in the markets. With the decline in the Dollar Index, spot gold has started to gain value in the short term.
The precious metal is currently trading in the 2877 – 2890 range. To strengthen positive expectations, sustained pricing above the 2890 level is necessary. In case of potential recoveries, the 2907 and 2920 levels may be considered. For negative scenarios, four-hour closes below the 2877 level are significant. In the case of a decline, the 2870 and 2860 levels could come into play.
Oil futures began to decline following President Trump's pressures that led OPEC+ to decide to gradually increase production in April. The initial step of the 2.2 million barrels per day production cut will be an increase of daily production by 138,000 barrels. Additionally, the pressure from tariffs in global trade is another significant factor affecting prices. However, developments regarding Ukraine and Russia, particularly the diminishing likelihood of a ceasefire agreement, are among the factors limiting the declines. It may be beneficial to monitor the situation in European and U.S. markets throughout the day.
As long as prices remain below the resistance levels of 68.50 – 69.00, a downward trend may prevail. If declines occur, targets could be set at 67.50 and 67.00 levels. In potential recoveries, maintaining the resistance at 68.50 – 69.00 could raise the possibility of new downward potential. Therefore, for the continuation of upward momentum, it is essential to track movements above 69.00 and consider hourly closings. In this case, the levels of 69.50 and 70.00 could come into play.
The decline in oil futures is based on OPEC+'s decision to gradually increase production from April, following pressures from U.S. President Trump. In the first step of a 2.2 million barrel per day production cut, daily output will be increased by 138,000 barrels. Additionally, the impact of tariffs on global trade is among other factors pulling prices down. Developments regarding Ukraine and Russia have also limited declines due to the fading of the ceasefire agreement.
If prices remain below the resistance level of 71.50 – 72.00, a downward trend may prevail. Possible declines could target the 70.50 and 70.00 levels. On the upside, if the 71.50 – 72.00 resistance holds, new potential for declines may emerge. Therefore, closes above 72.00 should be monitored, as this could bring levels of 72.50 and 73.00 into play.
On Monday, President Trump announced that the 25% tariff on Mexico and Canada has come into effect. He also announced that tariffs on China will be raised to 20%. It was stated that a retaliatory measure will be taken against countries imposing tariffs on the U.S. on April 2, raising inflationary concerns and increasing risk perception. Despite the decline in U.S. 10-year Treasury yields, the NASDAQ100 index experienced downward pricing influenced by the semiconductor sector. Nvidia attracted attention with an 8.69% drop in the spot market.
The NASDAQ100 index is trading below the area supported by the indicators we are monitoring. When evaluating short-term pricing technically, support from the 21-period exponential moving average around the 20785 – 20900 region could suppress upward movement and prolong the downward trend. If declines continue, a movement towards the 20420 and 20250 supports may occur. The condition of the 20420 – 20520 range is critical for the continuation of downward expectations. For upward pricing to occur, 4-hour closes above 20900 will be necessary, with resistance levels at 20975 and 21100 to be monitored. The key level of the day: 20785 – 20900 region.
U.S. natural gas futures have come under pressure due to mild weather forecasts, but a record increase in liquefied natural gas exports has led to an improvement in the demand outlook. While weather forecasts remain valid, movements in European and U.S. markets should be monitored closely throughout the day.
If prices stay above the support level of 4,000 – 4,040, an upward trend may emerge. During these increases, levels of 4,170 and 4,210 can be targeted. In possible downward scenarios, the status of the 4,000 – 4,040 support level is critically important; if this level is broken, 3,940 and 3,860 levels could come into play. The significant levels of the day include the 4,000 – 4,040 range.
On Thursday, with the European Central Bank's (ECB) Interest Rate Decision and President Lagarde's speech, the Classic Dollar Index continues to remain below 107, the 34-day average, ahead of the U.S. employment data to be announced on Friday. This situation has caused the main index to approach the 233-day exponential moving average (105.25). The critical developments of the week are eagerly awaited to see how they will affect general trend conditions. Today, ADP Private Sector Employment and ISM Services PMI data will be closely monitored.
In the EURUSD pair, a significant positive reaction was observed as it broke above the upper limit of the 1.0375 – 1.0535 band, influenced by a weak Dollar and a strong Euro. This situation has revised the short-term outlook for the pair positively. 1.0535 has now become a critical support level, and as long as it stays above this level, targets of 1.0640, 1.0680, and 1.0720 may come into play. Sustained movements below 1.0535 could invalidate the current scenario, potentially leading to renewed pressure toward the 1.0375 level. Key levels: 1.0535 and 1.0640.
On Thursday, the European Central Bank's (ECB) interest rate decision and President Lagarde's speech will be a significant turning point before the U.S. employment data to be released on Friday. The Classic Dollar Index continues to exert pressure below its 34-day average (107), bringing its decline closer to the 233-day exponential moving average (105.25) of the main index. We will closely monitor these developments, which will affect changes in overall trend conditions. Today, the ADP Private Sector Employment and ISM Services PMI data will be in focus.
In the GBPUSD pair, the 1.2675 interim support level is critically important in the short term. The pair's desire to stay above this level could allow it to move towards resistance levels like 1.2810, 1.2855, and 1.2900. Sustained movements above the December 16, 2024 peak at 1.2810 could strengthen the bullish sentiment. However, if there is pressure in the interim support zone, the main expectation remains to stay positive above the 1.2525 – 1.2570 levels.
On a day when currencies in emerging markets moved in different directions against the US Dollar, the Mexican Peso emerged as the strongest currency with an increase of 0.41%, while the Thai Baht was recorded as the weakest with a decline of 0.30%. The Turkish Lira, with an increase of 0.07%, is trading close to the 36.44 level at the time of the USD/TRY analysis.
In the short term, the 36.27 level stands out as a significant support point when evaluating the USD/TRY exchange rate. As long as the rate continues to stay above this level, it has the potential to rise towards 36.47, 36.55, and 36.63. However, a continued consolidation between 36.27 and 36.63 is expected unless there are sudden changes in the Lira's value.
President Trump's statements on tariffs continue to impact the markets. U.S. Secretary of Commerce Lutnick's proposals for tax reductions for Canada and Mexico have eased risk perception and somewhat alleviated inflation concerns. Additionally, the market's expectation of three interest rate cuts from the Fed by the end of the year, along with the decline in the Dollar Index, has helped gold prices remain above the 2900 level in the short term. Later in the day, ADP non-farm employment change and ISM services PMI data will be followed.
As long as the precious metal stays within the 2890 – 2900 range, an upward expectation may prevail. If the rise continues, levels of 2920 and 2930 could be seen. However, for a negative trend, sustained movement below the 2890 – 2900 zone may be necessary; in that case, a move towards 2877 and 2870 levels could occur. The critical level for the day: the 2890 – 2900 range.
Crude oil futures continue to be under pressure amid developments related to Trump and OPEC+. Following yesterday's correction, selling activity has come back into focus. Key issues drawing investors' attention include OPEC+'s plan to increase production in April and reports that the U.S. may ease sanctions on Russia. Additionally, Trump's tariffs create uncertainty in global trade, putting pressure on the markets. The American Petroleum Institute's announcement of a 1.45 million barrel decline in stocks did not change the situation.
As long as prices remain below the 68.00 – 68.50 resistance, the downward trend may continue. Possible declines may target the 67.00 and 66.50 levels. For upward movements to be sustained, it is crucial to see closes above 68.50; in that case, the 69.00 and 69.50 levels could come into play. The key levels of the day: 68.00 – 68.50.
Oil futures continue to be under pressure due to developments related to Trump and OPEC+. After yesterday's correction, selling has come to the forefront again. The plans of OPEC+ to increase production starting in April and news that the U.S. may ease sanctions on Russia are being closely monitored in the markets. Additionally, uncertainties surrounding Trump’s tariffs are also significant factors affecting oil prices. The American Petroleum Institute's report of a 1.45 million barrel decrease in stocks did not change the situation.
If prices remain below the 71.00 – 71.50 resistance, a downward outlook may prevail; potential declines at these levels could target 70.00 and 69.50. In the event of recoveries, breaking the 71.00 – 71.50 resistance could raise the potential for new declines. For the continuation of the upward momentum, closes above 71.50 are critically important.
President Trump's implemented tariffs continue to have significant effects on the markets. Trade Secretary Lutnick's proposal for tax reductions for Canada and Mexico has alleviated risk perception and somewhat reduced inflation concerns. Additionally, the market's expectation of three interest rate cuts from the Fed and the limited increase in U.S. 10-year Treasury yields have helped suppress the desire for a decline in the NASDAQ 100 Index. Throughout the day, ADP non-farm payroll changes and ISM services PMI data are being closely monitored.
The NASDAQ 100 Index is trading below its support level. In short-term technical analysis, the expectation of a decline remains prominent as long as it stays below the 20680 – 20785 region supported by the 21-period exponential moving average. If the pullback continues, a movement towards the 20420 and 20250 support levels may occur. For a positive scenario, sustained pricing above the 20680 – 20785 region will be necessary.
In the context of geopolitical risks between Russia and Ukraine, support and defense spending provided to Ukraine, combined with President Trump's trade policies, have led to significant fluctuations in global stock indices. As of 2023, European indices are drawing attention with a positive performance. In this regard, the interest rate decision of the European Central Bank and the pullbacks observed ahead of U.S. employment data can be interpreted as a market reaction.
From a technical perspective on the DAX40 index, the Envelope indicator and the 89-period moving average form a significant support level in the range of 22370-22535. The positive trend of the index above this region could lead to movements towards 22830, 23000, and 23175 levels. Persistent movements above 23000 may increase bullish expectations, prompting a search for new peaks, while sustained movements below the 22370-22535 range could invalidate the current scenario. Important levels: 22370 and 23000.
U.S. natural gas futures have shown strong gains due to record gas flows in liquefied natural gas exports and increasing short-term demand forecasts. In Europe, the debunking of speculation regarding gas purchases from Russia is regarded as one of the factors behind this rise. Throughout the day, movements in European and U.S. markets can be monitored.
If prices remain above the support levels of 4,210 – 4,260, an upward trend may continue. In potential increases, levels of 4,400 and 4,460 could be targeted, while during declines, the status of the 4,210 – 4,260 support should be observed. A break below this level could bring 4,170 and 4,100 levels into play. The critical level of the day is: 4,210 – 4,260.
Significant price movements are being observed in global markets. Today, the European Central Bank (ECB) interest rate decision and President Lagarde's speech, alongside tomorrow's U.S. employment data, have driven EURUSD to levels of 1.08 and GBPUSD to 1.29. The Classic Dollar Index, which broke below the 105.45 – 106.45 range discussed in the weekly bulletin, is approaching the 21-week average (102.35). During this critical period, the psychological levels of EURUSD at 1.10 and GBPUSD at 1.30 are capturing our attention.
In the EURUSD pair, the interaction of a weak Dollar and a strong Euro has pushed the exchange rate to 1.08. Technically, the 1.0640 – 1.0680 range stands out as a significant support point. A sustained position above this range could provide movement towards the levels of 1.0820, 1.0860, and 1.0900. The status of the 1.0820 level, in particular, may signal the onset of a new reaction.
Significant price movements are being observed in global markets. Ahead of today's European Central Bank (ECB) interest rate decision and President Lagarde's statements, EURUSD reached 1.08, while GBPUSD hit 1.29. With expectations for November 2024, the Classic Dollar Index, breaking down the 105.45 – 106.45 range, may approach its main support level at the 21-week average (102.35). This could spark new discussions about the psychological levels of EURUSD 1.10 and GBPUSD 1.30.
Looking at the GBPUSD pair, the 1.2760 level stands out as a significant interim support point supporting short-term optimism. This level could provide movement towards the barriers of 1.2910, 1.2950, and 1.2990. However, sustained movements above 1.2910 would strengthen the current bullish sentiment, while otherwise, pressure may build on the interim support area.
Currencies in emerging markets are exhibiting varying performance against the US Dollar. Today, the strongest currency is the Peruvian Sol, which has risen by 1.31%, while the weakest currency is the Indian Rupee, which has depreciated by 0.33%. The Turkish Lira is positioned among the weaker currencies, showing a slight decrease of 0.01%, with the USDTRY exchange rate trading near the level of 36.41.
In short-term assessments, it is crucial for the USDTRY exchange rate not to fall below 36.25. As long as it remains above this level, there is potential for an upward movement towards 36.47, 36.55, and 36.61. However, sustaining above 36.61 could strengthen the current trend. Otherwise, a consolidation phase may be observed between 36.25 and 36.61. A trend change is not expected unless there are significant developments in TL.
In a period marked by ongoing trade wars, economic calendar data is being closely monitored. U.S. President Trump announced that he is suspending tariffs of 25% on automobile manufacturers for a month and is open to further changes. This situation is increasing risk perception in the markets, while fluctuations in economic data continue. Although the ADP non-farm employment data fell below expectations, the ISM services PMI showing better than anticipated results signals growth in the sector. These developments support the upward momentum of gold.
Gold is trading above levels supported by short-term indicators. If it remains above the range of 2900 – 2907, upward movement is likely to continue. However, if sustained pricing occurs below this area, levels of 2890 and 2877 may come into focus. Key level: 2900 – 2907 range.
Oil futures are exhibiting an upward trend following a corrective movement after effective losses. Key factors influencing this situation include rising stocks (3.6 million barrels), OPEC+'s gradual production increase plan, and speculation that the U.S. could ease sanctions on Russia. Trump's decision to suspend automotive transactions related to tariffs on Canada and Mexico for a month may also play a role in this correction. The performance of European and U.S. stock markets should be closely monitored throughout the day.
As long as prices remain below the 67.00 - 67.50 resistance level, a downward outlook may prevail. In potential declines, targets could be set at 66.00 and 65.50. If the 67.00 - 67.50 resistance is surpassed, a new upward potential may emerge, bringing the 68.00 and 68.50 levels into focus. The significant levels of the day are highlighted between 67.00 and 67.50.
Oil futures began to show an upward trend alongside corrective movements after significant losses. Increasing inventories (3.6 million barrels), OPEC+'s plan to gradually raise production, and speculation about possible easing of sanctions against Russia by the U.S. are among the factors contributing to this pressure. Additionally, Trump's suspension of automotive transactions on tariffs with Canada and Mexico for a month may also contribute to the correction. Throughout the day, the movements of European and U.S. stock markets, as well as oil prices, should be monitored closely.
If prices remain below the 70.00 – 70.50 resistance, a downward outlook may be prominent. In potential declines, levels of 69.00 and 68.50 could be targeted. In case of recoveries, the 70.00 – 70.50 resistance is of critical importance; as long as this level is maintained, new downward potential may arise. To sustain the desire for an upward movement, movements and hourly closes above 70.50 should be observed.
In an environment where trade wars continue, economic calendar data is being closely monitored. U.S. President Trump announced a one-month exemption on a 25% tariff for automobile manufacturers and indicated that further changes may occur in the future. While ADP non-farm employment data fell short of expectations, the ISM services PMI performed better than anticipated, boosting the sector's growth momentum. This situation contributed to the recovery of the NASDAQ100 despite the rise in 10-year bond yields. Today, the speech of FOMC member Waller will also be closely watched.
The NASDAQ100 index is trading in a region supported by favorable indicators. Analyzing short-term price movements technically, fluctuations are observed in the range of 20565 – 20680, supported by the 21-period exponential moving average at the level of 20636. To strengthen the upward momentum, it may be necessary to maintain levels above 20680. Potential upward targets could be 20785 and 20900, while negative scenarios may require four-hour closes below 20565. In a downtrend scenario, supports at 20420 and 20250 may come into focus. The critical levels for the day are between 20565 and 20680.
As global stock markets continue their recovery efforts, the Dax40, which has drawn attention since the beginning of 2023, is reassessing peak levels with its positive pricing. Ahead of the ECB's critical interest rate decision and President Lagarde's speech, the index is approaching its summit once again. Hints regarding a possible interest rate cut from the ECB today and the potential impacts of Trump tariffs on the European economy are crucial for the performance of the Dax40.
From a technical perspective, the positive trend above the range of 22830 – 23000, representing the lower point of the Envelope indicator, is ongoing. In this context, a movement towards the levels of 23250, 23355, and 23450 is expected. In particular, sustained movements above 23355 could increase bullish expectations, leading to a quest for new peaks. Otherwise, a reaction towards the critical zone may be observed.
U.S. natural gas futures are on an upward trend due to high demand for liquefied natural gas exports. The fact that stock levels remain below the average of the last five years supports this positive outlook. However, the ongoing mild weather forecasts until mid-March are also noteworthy. Throughout the day, the status of European and U.S. markets can be monitored along with stock data to be released by the U.S. Energy Information Administration.
If prices stay above the support level of 4,320 – 4,400, an upward movement is expected to continue. In potential rises, levels of 4,465 and 4,530 could be targeted. In the case of declines, the support levels within the 4,320 – 4,400 range are critical. Breaking this support could bring the levels of 4,260 and 4,210 into play.
The import tariffs implemented by Trump stand out as a significant development affecting the BRNUSD pair. The imposition of high tariffs on imports from the USA, Canada, and Mexico has caused fluctuations in the markets, while oil futures began the week with an increase. However, some of the gains were given back. Applying a lower tariff on energy imports from Canada may partially support this country's energy trade. Additionally, these tariff applications may increase inflation in the USA and cause interest rates to remain high for a longer period. The markets' response to these developments may vary, particularly depending on the trend of European and US stocks.
Technically, the BRNUSD pair is trading above the support levels of 76 - 75.5. During upward movements, resistance levels at 76.5, 77, and 77.5 should be monitored. The pair's daily percentage change was recorded as 0.04%, indicating that prices are relatively stable. While the RSI indicator shows a neutral outlook, considering the price is at the 76.215 level, no clear direction has yet been determined for market participants. In the event of potential declines, closings below 75.5 may target lower levels.
Following the ECB's 25 basis point interest rate cut, attention has turned to U.S. employment data. Non-farm payrolls, the unemployment rate, and average hourly earnings will play a decisive role at critical levels for the Dollar Index. A clearer struggle between short-term sellers and medium-term buyers necessitates a thorough examination of the potential for EURUSD to reach psychological levels such as 1.10 and GBPUSD to reach 1.30. Particularly, if the March employment data exceeds expectations, it raises the notion that the recent upward trend may pause.
For the EURUSD pair, the 1.0680 level stands out as a significant support point. If the pair manages to stay above this level, it could increase the potential for movement towards 1.0820, 1.0860, and 1.0900. The condition of the 1.0820 level will provide clues on whether a new reaction towards the 1.0935 peak in November 2024 will occur. In the event of downward pressure, the 1.0680 support is critical; if this area is breached, it should be considered that the trend may continue down to the 1.0570 level.
After the ECB's 25 basis point interest rate cut, attention turned to the U.S. employment data. Metrics such as non-farm payrolls, unemployment rate, and average hourly earnings could determine the positions of the Dollar Index at critical levels of 105.25 and 102.35. This situation will clarify the balances between short-term sellers and medium-term buyers. The potential for EURUSD to reach psychological levels of 1.10 and GBPUSD to hit 1.30 should be closely monitored.
When examining the GBPUSD pair, the 1.2760 level is a significant interim support point that supports short-term optimism. Sustained movements above this level could create an upward potential toward barriers at 1.2910, 1.2950, and 1.2990. However, if pressure occurs below this level, the positive outlook for the 1.2570 – 1.2620 region should be maintained.
DAXEUR is experiencing a negative trend in global markets due to President Trump's tariff implementations targeting Canada, Mexico, and China. Particularly, the rise in the US dollar index and losses nearing 3% on the Japanese Nikkei index have put pressure on DAXEUR. As uncertainties increase in the markets with the impact of trade wars, economic data from the Eurozone and the US are being closely monitored. This situation indicates the possibility of continued market volatility.
From a technical standpoint, DAXEUR is trading at the 21288 level, recording a decrease of 2.07%. The pair may have the potential to initiate a new trend below the 21195 level. With the current pricing, levels of 21195, 21000, and 20830 are monitored as support, while 21418, 21550, and 21672 should be closely watched as resistance levels in upward movements. The RSI indicator shows a negative outlook with a prevailing downtrend. In this technical structure, whether the price can hold at the support levels is of significant importance.
Emerging market currencies moved in different directions against the US Dollar, with the strongest currency of the day being the Hungarian Forint and the weakest being the Colombian Peso. The Turkish Lira, experiencing a 0.22% depreciation, is among the weaker currencies, with the USD/TRY exchange rate trading around 36.49.
When examining the USD/TRY exchange rate, the lower point of the 1. Envelope indicator at 36.26 appears to provide significant support. If the rate continues to stay above this level, it has the potential to approach resistance levels such as 36.55, 36.63, and 36.70. However, a squeeze between 36.26 and 36.63 can also be observed. Unless there is a sharp news flow in TL terms, no trend change is expected. Key levels: 36.26 and 36.63.
The new import tariffs imposed by US President Trump on Canada, Mexico, and China have had a significant impact on the markets. This situation has also increased activity in energy futures, such as natural gas. The announcement that a lower tariff will be applied to Canada's energy imports could play a supportive role in natural gas prices. Developments in international markets, particularly the trajectory of European and US stock exchanges, continue to affect pricing. The expectation that these tariff implementations might push US inflation upward and potentially keep interest rates high for an extended period is noteworthy.
The NGC/USD pair has risen by 5.46% on the daily chart, reaching the level of 3.707. The first resistance points in the upward movement of the pair are at 3.36 and then at 3.415 levels. If these levels are surpassed, a move towards the 3.47 resistance can be observed. In downward movements, the levels of 3.25 and 3.19 should be monitored as support. The RSI indicator shows a positive outlook and signals strong buying pressure. If the price holds at these levels, a scenario where the upward trend continues could be in play.
Although President Trump has suspended the 25% tariffs imposed on Canada and Mexico, Canada's new tariffs on the U.S. continue. Additionally, China is expected to implement new tariffs next week. These developments contribute to a high-risk perception in the markets. Alongside the decline in the Dollar Index, gold remains above the 2900 level. Throughout the day, important economic data such as hourly earnings, unemployment rate, and non-farm payroll figures will be monitored.
Gold is currently trading within a range supported by short-term indicators. For the precious metal, which fluctuates between 2900 and 2907, it is crucial to maintain a position above 2907 to signal upward momentum. Potential resistance levels could emerge at 2920 and 2930 in case of upward movements. For negative scenarios, four-hour closures below 2890 may be expected, with support levels at 2877 and 2870 being monitored. The critical range for the day is 2900 – 2907.
We have passed the first meetings of important central banks like the ECB and the Fed this year. The BoE will announce its decision this week. February will be spent monitoring macroeconomic indicators ahead of the critical bank meetings in March, while also wondering how the trade wars initiated by Trump with tariffs will shape the future. The employment data from the US (non-farm payrolls, unemployment rate, and average hourly earnings) on Friday, along with the BoE's announcement on Thursday, will be among the significant data points of the week. Additionally, the Eurozone CPI and manufacturing PMI data from Europe and the US will attract traders' attention.
The classic Dollar Index made a swift entry into the new month due to the process initiated by Trump with Canada, Mexico, and China. The closing above the 34-day average (107.74) has brought it closer to the level of 109.96 tested on January 13. The index's position around 110 is critical in terms of whether the declines in the EURUSD and GBPUSD pairs will continue. The 1.0380 – 1.0430 region stands out as the main resistance point for the EURUSD pair.
Crude oil futures have been under pressure this week due to Trump's tariff policies, reactions from Canada and China, OPEC+'s gradual production increases starting in April, and the possibility of the U.S. lifting sanctions on Russia early. While a balanced trend was observed during the Asian session, the performance of European and U.S. stock markets, along with U.S. employment data, may be monitored throughout the day.
As long as prices remain below the 66.50 – 67.00 resistance level, a downward outlook may prevail. In the event of a decline, the 66.00 and 65.50 levels could be targeted. To maintain upward momentum, the movement and hourly closes above 67.00 should be observed; in this case, the 67.50 and 68.00 levels could come into play. The critical range for the day is between 66.50 and 67.00.
As the first meetings of the ECB and Fed for the year have passed, the BoE will announce its decision this week. February stands out as a period where macroeconomic indicators will be closely monitored ahead of the significant bank meetings in March. Particularly, the trajectory of the trade wars triggered by tariffs imposed by Trump offers a critical roadmap for investors. The announcements from the BoE on Thursday, followed by the U.S. employment data (non-farm payrolls, unemployment rate, and average hourly earnings) on Friday, could significantly impact asset prices. Additionally, the Eurozone CPI and manufacturing PMI data from Europe and the U.S. are also under traders' scrutiny.
The Dollar Index, following the process initiated by Trump with Canada, Mexico, and China, has approached the level of 109.96 tested on January 13, making a gap closing above the 34-day average (107.74). The status of the index at the 110 level is an important indicator of whether potential declines in EURUSD and GBPUSD pairs will continue. In the GBPUSD pair, the 1.2395 – 1.2480 range has emerged as a key resistance level. The status of the pair at 1.2315 is a point that investors should watch closely.
Oil futures have been under pressure this week due to Trump's tariff policies and the stances of Canada and China against these policies. The news that OPEC+ will begin gradual production increases in April, along with the possibility of the U.S. lifting sanctions on Russia early, has also created uncertainty in the markets. While a balanced trend was observed during the Asian session, the movements of European and U.S. stock markets, as well as employment data in the U.S., are being closely monitored.
As long as prices remain below the resistance level of 69.50 – 70.00, a downward outlook may prevail. In case of potential declines, levels of 69.00 and 68.50 may be targeted. However, as long as the resistance at 69.50 – 70.00 is not breached, new potential declines could arise; thus, closings above 70.00 should be observed carefully.
The weakness of emerging market currencies against the US Dollar is highlighted by the Mexican Peso being recorded as the weakest currency of the day, down 2.65%. The Brazilian Real managed to remain strong with a decline of only 0.02%. The Turkish Lira is in a weak position on this list, down 0.17%, and the USDTRY analysis is currently trading close to the level of 35.88.
When evaluating the USDTRY exchange rate in the short term, the lower point of the 1st Envelope indicator (in purple) indicates the level of 35.65. As long as the rate stays above this level, it can maintain its optimism. The levels of 35.90, 35.95, and 36.01 stand out as potential movement areas. If the upper point of the 1st Envelope indicator remains above 36.01, it could strengthen the current trend. Otherwise, a consolidation between 35.65 and 36.01 may be observed. No trend change is expected unless sharp news flow occurs in TL terms. Key levels are 35.65 and 36.01.
Despite President Trump's suspension of the 25% tariffs on Canada and Mexico, new tariffs from Canada continue to take effect. China is also expected to implement new tariffs next week, which is increasing the perception of risk. Despite the decline in the 10-year bond yields, negative effects are being observed on the semiconductor sector and the NASDAQ100 Index. Throughout the day, hourly earnings, unemployment rates, and non-farm payroll data will be closely monitored alongside statements from Fed Chairman Powell and Trump.
The NASDAQ100 index is trading below the levels supported by the indicators being monitored. In short-term technical assessments, the desire for an upward movement is under pressure in the 20420 – 20565 region, supported by the 21-period exponential moving average, while the continuation of the downward trend is possible. If declines persist, movement towards the support levels of 20150 and 20000 may occur. The 19900 – 20000 range emerges as a critical threshold in terms of downward pressure.
The increase in tariffs on imports from the US, Canada, Mexico, and China has led to a significant rise in the Dollar Index. President Donald Trump has imposed a 25% tariff on imports from Canada and Mexico, and a 10% tariff on products from China. While this situation increases demand for safe havens, the strengthening Dollar Index negatively impacts gold prices. Throughout the day, the ISM manufacturing PMI and manufacturing PMI price index data may be closely monitored.
Currently, gold is trading within a price range supported by the indicators we are tracking in the short term. The precious metal is currently in the 2770 – 2780 zone, and if it continues to hold these levels, the bullish scenario may remain valid. Sustained pricing above the 2780 level is crucial for strengthening positive expectations. In potential recoveries, the 2790 and 2800 levels may come into play, while permanence below the 2770 level could increase negative expectations.
While global stock markets continue their recovery efforts, the Dax40, which has drawn attention with its positive performance since the beginning of the year, is now focusing on U.S. employment data and the closing of European stock markets following ECB announcements. The Dax40, which has shown an increase approaching 18% since the start of the year, will significantly influence the potential correction trend in U.S. markets; therefore, the end-of-day closing is of great importance.
Technically, the Envelope indicator of the Dax40 index maintains optimism above the 23,000 level. A movement towards 23,345, 23,460, and 23,560 is expected. If a sustained rise occurs above 23,460, a search for new peaks may begin. Otherwise, a correction towards the critical level could take place; in this case, the main support in the 22,535 – 22,680 region will help maintain the positive outlook. Key levels for the day: 23,000 and 23,460.
Trump's tariff plan, imposing a 25% tariff on Mexico and Canada and a 10% tariff on China, has led to increased market activity, providing a dynamic start to the week. Although oil futures initially showed an upward trend, some of those gains were reversed after the market opened. Information has emerged indicating that a 10% lower tariff will be applied to energy imports from Canada. Throughout the day, the performance of European and U.S. stock markets will be closely monitored.
As long as pricing stays above the support levels of 73.00 – 73.50, an upward trend may be observed. In potential upward movements, the 74.50 and 75.00 levels could be targeted. However, as long as the 73.00 – 73.50 support zone is maintained during declines, new upward potential could arise. To continue the downward trend, movements and hourly closes below 73.00 should be monitored, which could bring the 72.50 and 72.00 levels into focus. The critical level for the day is 73.00 – 73.50.
U.S. natural gas futures are under pressure due to a smaller-than-expected drop in inventories. Near-record production is influencing this situation; however, stocks are still below the average of the last five years. Additionally, mild weather conditions expected until mid-March are another significant factor putting pressure on prices.
If prices remain below the 4.330 resistance level, a downward outlook may continue. In the event of a decline, the 4.210 and 4.170 levels could be targeted. If prices recover, the status of the 4.330 resistance should be closely monitored. Breaking this resistance level could lead to the emergence of the 4.400 and 4.465 levels. The critical level of the day: 4.330.
Market activity was observed with Trump's tariffs of up to 25% on Mexico and Canada, and up to 10% on China. Oil futures started the week with an increase, but some of the gains were pulled back after the opening. A 10% discount on energy imports from Canada has been reported. It is important to closely monitor the movements of European and US stock markets throughout the day.
If prices remain above the support levels of 75.50 – 76.00, an upward trend may continue. In the event of a potential increase, levels of 77.00 and 77.50 could be targeted. However, if the 75.50 – 76.00 support is not maintained, declines may come into play. In this case, levels of 75.00 and 74.50 should be considered. The key level for the day is the range of 75.50 – 76.00.
This week marks the start of daylight saving time in the US, shifting data releases to 3:30 PM and stock market operations to 4:30 PM Turkey time. Europe is set to transition by the end of the month. Key US data includes JOLTS, February inflation, and Michigan Consumer Sentiment, while in Europe, ECB President Lagarde’s speech, Germany’s final CPI, Eurozone industrial production, and UK growth data are in focus. Wednesday’s CPI release is crucial for the US inflation outlook ahead of the Fed’s April 19 decision.
The Dollar Index’s recent decline has drawn attention, with short-term sellers and medium-term buyers creating a dynamic market. Optimism persists above the 200-week average (102.35), while resistance remains below the 233-day average (105.22). Market movements within this range and reactive pricing should be closely monitored.
On the first trading day of the week, U.S. President Trump's introduction of new tariffs on major trading partners heightened concerns in the market, creating uncertainty about the future of the economy. The U.S. has implemented a 10% customs duty on China and a 25% duty on Mexico and Canada. It has been reported that Canada and Mexico will respond to this increase, and China intends to file a lawsuit with the World Trade Organization. These developments are being monitored as pressure points on the S&P 500 Index. Additionally, ISM manufacturing PMI and manufacturing PMI price index data will be followed throughout the day.
The NASDAQ 100 index is trading above the levels supported by the indicators we are monitoring. When evaluating short-term pricing technically, as long as it remains below the 21 (21536) and 233 (21441) period exponential moving averages supporting the 21400 – 21600 zone, the downward trend may continue. If downward pricing persists, the levels of 20975 and 20900 could become significant supports. For upward movement, sustained pricing above the 21400 – 21600 area will be necessary. If prices form above 21600, resistances at 21700 and 21820 may come into play.
We are starting the new week with daylight saving time in the US. Thanks to this application, US data will be received at 3:30 PM Turkey time, and the stock market will begin trading at 4:30 PM. In Europe, the transition to daylight saving time is expected by the end of the month. Looking at the weekly calendar, JOLTS, February inflation, and Michigan consumer sentiment from the US are in the spotlight, along with ECB President Lagarde's speech and Germany's final CPI data. Additionally, industrial production in the Eurozone and growth data from the UK are also noteworthy.
Declines in the Dollar Index may create competition between short-term sellers and medium-term buyers. Ahead of the Fed decisions on April 19, Wednesday's CPI data is crucial for the inflation outlook following employment in the US. In the GBPUSD pair, the support zone between 1.2760 and 1.2810 supports short-term optimism. Sustained movements above 1.2945 could strengthen the desire for an upward trend.
Global markets are experiencing a volatile start due to the new tariffs imposed by U.S. President Trump on Canada, Mexico, and China. The negative trend observed in the Dax40 index is evident as it dips below the short-term main support of the 55-period average (21418). During the most critical periods of trade wars, it is essential to remain cautious about possible fluctuations in the index. We will question whether a new trend will form below the average or if the previous positive outlook will continue above the average.
Currently, the reactions occurring below the average are following a negative trajectory; however, we will closely monitor the developments throughout the day. In particular, price movements below the 21195 level could be an essential indicator for confirming a new trend. Otherwise, one may need to approach declines with skepticism. The critical levels of the day include 21418 and 21195.
On a day when currencies performed weakly against the US Dollar in emerging markets, the South African Rand was identified as the weakest currency, declining by 0.44%. The strongest currency was the Russian Ruble, which appreciated by 1.03%. The Turkish Lira, on the other hand, remained in the weak zone, trading near 36.52 at the time of the USDTRY analysis with a decrease of 0.12%.
In the short-term USDTRY assessment, the lower point of the 1st Envelope indicator (purple) at 36.28 stands out as a critical level. If the exchange rate continues to remain above this level, it may show movement towards targets of 36.55, 36.60, and 36.64. However, if it maintains itself above the upper point of the 1st Envelope indicator at 36.64, it could support the current trend and open up a new range for movement. Otherwise, a period of consolidation may occur between 36.28 and 36.64.
With the implementation of Trump's plan to impose a 25% tariff on Mexico and Canada and a 10% tariff on China, market activity began to pick up. Natural gas futures started the week with an increase. It is reported that there will be a 10% reduction in energy imports from Canada. Throughout the day, the performance of European and US stock markets will be closely monitored.
Price movements may display an upward trend as long as they remain above the support levels of 3,310 – 3,250. In potential upward scenarios, levels of 3,360 and 3,415 may be targeted. In case of a decline, the status of the 3,310 – 3,250 support levels should be monitored. A break below this support could bring levels of 3,140 and 3,100 into focus. Critical levels for the day: 3,310 – 3,250.
The non-farm payroll data announced last Friday showed an increase below market expectations, and the figures for the previous month were revised downward. While the unemployment rate was expected to remain stable, an unexpected rise occurred. Fed Chairman Powell emphasized that they would not rush to lower interest rates. President Trump stated that the economy is in a transitional period and assessed the risk of recession. These developments pave the way for gold to be priced within a narrow range above the 2900 level.
The precious metal is trading in the 2900 – 2930 region, supported by indicators monitored in the short term. If it maintains its position above 2930, the desire for an upward movement may become more pronounced. In potential rises, there is a possibility of reaching resistance levels of 2942 and 2947. However, for a negative scenario to emerge, four-hour closures below the 2900 level will be necessary; in this case, support levels of 2890 and 2877 may come into play.
The EUR/USD pair started the week with significant movement following the tariffs implemented by Trump on Canada, Mexico, and China. This situation led to the strengthening of the US dollar globally, causing fluctuations in the markets. However, news of the suspension of tariffs on Mexico and Canada provided partial relief in the markets. Among the important data of the week, the BoE central bank meeting and the US non-farm payroll data stand out. Today's points of interest include the Jolts data from the US and speeches by Fed officials.
From a technical perspective, although the EUR/USD pair showed a recovery from the 1.021 level, the resistance levels at 1.038 and 1.043 remain valid. Even though the pair tested the 1.033 resistance, retracements may continue towards the support levels at 1.027 and 1.021. The RSI indicator is currently at the 40 level, indicating a negative trend. The pair showed a decline of 0.54% compared to the previous day. The 1.0175 level can be monitored as an important support point, and stronger selling pressures may be observed if this level is broken.
Oil futures started the new week with a decline. The inflation in China remaining lower than expected has increased the uncertainty created by Trump’s policies, putting pressure on the markets. OPEC+’s decision for a gradual production increase starting in April has also contributed to the drop in prices. Today, movements in European and US stock markets should be closely monitored.
As long as prices remain below the resistance level of 67.00, a downward trend may be prominent. Targets during declines could be the 66.00 and 65.50 levels. In potential recoveries, the 67.00 resistance is critically important; closings above this level may bring new upward potential into consideration. In this case, the 67.50 and 68.00 levels should be monitored. The key level for the day: 67.00.
In global markets, US President Trump's tariffs on Mexico, Canada, and China have heightened concerns over trade wars, leading to a volatile start in the markets. This situation has contributed to the US dollar remaining strong against both developed and emerging market currencies. Canada and Mexico's search for countermeasures provided some relief against the dollar. In the UK, the Bank of England's interest rate decision and significant employment data from the US could impact the GBPUSD pair. The expected JOLTS data from the US and the speeches from Fed officials also sustain the strength of the dollar.
Technically, the GBPUSD pair is at the level of 1.23921, demonstrating a decrease of -0.46%. On the chart, the levels of 1.236 and 1.2315 are followed as support, while the levels of 1.244 and 1.248 are considered resistance. If the pair fails to surpass the 1.244 – 1.248 resistance zone, the tendency to pull back towards the 1.236 – 1.2315 support levels may continue. The RSI indicator does not exhibit a positive outlook, indicating the weak trajectory of the pair. For the GBPUSD to recover, it is crucial to break through the upper resistance zones.
Oil futures started the new week with a decline. The inflation data from China falling below expectations has increased the uncertainty caused by recent Trump policies, putting pressure on the markets. The decision by OPEC+ to gradually increase production from April has negatively impacted prices since earlier days. The status of European and US stock markets may be closely monitored throughout the day.
As long as prices remain below the 70.50 resistance level, a downward trend may be prominent; potential declines may target the 69.50 and 69.00 levels. If recoveries occur but the 70.50 resistance is not surpassed, a new potential decline may emerge. Therefore, movements and hourly closes above 70.50 should be watched for the continuation of upward momentum. In this case, the 71.00 and 71.50 levels may come into play. The key level for the day is 70.50.
The USD/TRY pair draws attention with the Turkish Lira's weak performance during a period when emerging market currencies diverge against the US Dollar in global markets. The decisions related to US import tariffs and the increase in the dollar index due to tariffs on China increase the pressure on the Turkish Lira. On the other hand, the January inflation data to be announced in Turkey is expected to show a slowdown on an annual basis in line with market expectations, which could bring possible changes to the CBRT's interest rate policies into discussion.
From a technical perspective, the USD/TRY pair is testing support levels at 35.95, 35.86, and 35.8. In upward movements, resistance levels monitored are 36.01, 36.06, and 36.12. At the time of analysis, the pair is at 35.97536, showing a 0.15% increase. The RSI indicator presents a neutral outlook. As long as the pair remains above the 35.76 level of the Envelope indicator, optimism might be maintained. On the other hand, if it manages to remain above the 36.12 level, the likelihood of the upward trend continuing could strengthen.
The non-farm payroll data released last Friday showed a growth below expectations, and the previous month's figures were revised downward. Despite the forecast that the unemployment rate would remain stable, the observed increase was noteworthy. Fed Chairman Powell indicated that they would not rush to lower interest rates. At the same time, President Trump stated that the economy is in a transitional phase. Along with these concerns about the slowdown, the suppression of increases in 10-year bond yields limited downward movements in the NASDAQ100 Index pricing.
The NASDAQ100 index is trading below the level supported by the indicators we follow. In short-term pricing, the 20250-20420 range, supported by the 21-period exponential moving average, may continue to suppress upward demand. If declines persist, a movement towards the 20000 and 19900 supports could occur. The 19900-20000 range may be a critical threshold in terms of downward pressure. For upward movements, 4-hour closes above 20420 will be required, in which case resistance levels of 20565 and 20680 can be monitored.
U.S. President Trump's postponement of tariffs on Canada and Mexico led to a decline in the Dollar Index, which contributed to the rise in gold prices. The weakening of the dollar increases demand for safe-haven assets like gold, while uncertainties regarding tariffs continue in the markets. Additionally, the JOLTS job openings data might be closely monitored throughout the day.
From a technical standpoint, gold is moving above the 2813 - 2800 support zone and exhibits an upward trend. There are resistances at the 2830 and 2840 levels; surpassing these levels could intensify upward pressure. The RSI indicator presents a positive outlook, with prices showing a 0.1% increase compared to the previous day. Alternatively, a sustained move below the 2813 - 2800 zone could direct prices towards the 2790 level.
We start the week with daylight saving time in the US, shifting data releases to 3:30 PM and stock market trading to 4:30 PM Turkey time. Europe will transition by the end of the month. Key data includes JOLTS, February inflation, and Michigan Consumer Sentiment from the US, alongside ECB President Lagarde’s speech, Germany’s final CPI, Eurozone industrial production, and UK growth data. Wednesday’s CPI release is crucial for the inflation outlook ahead of the Fed’s April 19 decision.
Technically, the DAX 40 index remains optimistic above 22,830, the lower point of the Envelope indicator. A rise toward 23,245, 23,365, and 23,470 is possible, with sustained moves above 23,365 reinforcing bullish expectations. A downward reaction may occur, but the positive outlook holds above the 89-period EMA (22,680). Key levels: 22,830 and 23,365.
WTI crude oil prices declined after Trump announced the postponement of tariffs on Canada, Mexico, and China and stated that more negotiations would take place with China. Prior to this, the news of tariffs had pushed oil prices up due to the potential increase in costs. Movements in European and US stock markets may also influence the trend in oil prices. Trump's trade policies continue to have an impact on global markets, with losses observed in the Canadian dollar and Mexican peso. These developments could increase volatility in oil prices.
Technically, the WTI price is at the level of 71.685, showing a slight decrease of 0.11%. On the daily chart, the levels of 72 and 71.5 are watched as important support points. In potential upward movements, levels of 72.5 and 73 present themselves as resistance. The RSI indicator suggests that the market is exhibiting a neutral outlook. As long as the pricing remains below the 72.5 - 73.0 resistance region, downward pressure may persist. For the continuation of an upward trend, closures above 73.0 should be monitored.
U.S. natural gas futures continued to rise from Friday due to cold weather conditions and stock concerns. As the heating season approaches its end, the weather continues to sustain heating demand. This situation requires careful monitoring in the markets.
If prices remain above the support level of 4.465 – 4.530, an upward trend may prevail. Potential targets in the event of an increase are the levels of 4.670 and 4.720. In downward scenarios, breaking below the 4.465 – 4.530 support level could lead to levels of 4.400 and 4.330 being reached. The important level for the day is the range of 4.465 – 4.530.
Crude oil futures declined after U.S. President Trump announced a postponement of tariffs on Canada and Mexico and planned further discussions with China. At the beginning of the week, oil prices had risen due to concerns that these tariffs could increase extraction costs. However, following these developments, a downward trend in pricing has become prominent. The performance of European and U.S. stock markets is also among the factors that could influence oil pricing.
From a technical perspective, the BRNUSD chart is trying to find support at the levels of 75.00 and 74.50 in the hourly timeframe. On the upside, the resistance levels of 76.00 and 76.50 are in focus. The RSI indicator is at the 48 level, showing a neutral trend. In intraday price movements, a decline of -0.23% is observed. If the downward pressure continues, there might be a possibility of retracements towards the 74.00 level.
Trade war uncertainties in global markets began the week under pressure. Stock indices and the performance of companies on the first trading day drew attention, while currency pairs remained relatively calm. Ahead of the U.S. CPI data to be released tomorrow, the New York Fed's consumer inflation expectation rose to 3.1%, up from the previous month. Today's JOLTS data regarding the U.S. labor market will also be monitored.
While the Dollar Index has recently shown a decline, there will be a struggle between short-term sellers and medium-term buyers. The impact of developments before the Fed's decisions on March 19 will be critical for evaluating the year. In the EURUSD pair, the 1.0720 – 1.0760 range is an important support point; stability in this region will be decisive for the pair's direction. The level of 1.0960 will address whether there will be selling pressure or a trend rally.
In the NASDAQ100 index, while U.S. President Trump's one-month postponement of import tariffs provides short-term relief, the recovery in U.S. 10-year bond yields is creating pressure. Markets are watching Trump's tariffs on Canada, Mexico, and China, with notable increases in the dollar index and losses in U.S. futures. Canada's retaliation against the U.S. and potential steps by Mexico raise concerns about a trade war. These developments could lead to fluctuations in the markets and potentially exert pressure on inflation.
Technically, NDXUSD is trading within the 21400 – 21600 support zone. For a positive outlook in the short term, sustained pricing above the 21600 level is required. In such a case, resistance levels of 21700 and 21820 may be tested. In a negative trend, if the level falls below 21400, a retreat towards the 21300 and 21200 support levels may be observed. The RSI indicator is at 40, displaying a negative trend. The index has experienced a 0.99% decrease compared to the previous day.
Global markets have stepped into a week filled with uncertainties created by trade wars. On the first trading day, stock indices and company performances drew attention, while a relative calm was observed in currency pairs. Ahead of the upcoming U.S. CPI data, the New York Fed's consumer inflation expectation rose to 3.1%, up from the previous month. This situation may have a significant impact on the markets.
In the currency market, the GBPUSD pair is finding support in the range of 1.2760 - 1.2810. Sustained movements above this level could gain momentum toward targets of 1.2900, 1.2945, and 1.2990. However, if it remains below these levels, there may be pressure toward the support area. Nevertheless, the main expectation remains positive above the 1.2570 - 1.2620 region.
Global markets had a dynamic start with U.S. President Trump's tariffs on Mexico, Canada, and China. The strong stance of the U.S. Dollar and gold reaching peak levels resulted in pressure on stock indices, while news that tariffs on Mexico and Canada were halted brought some relief. Key developments for the week include the Bank of England's central bank decision and employment data from the U.S. For today, the U.S. Jolts data and speeches from Fed members Bostic and Daly will be followed.
The DAX 40 index continues to be priced above support levels of 21,425 and 21,315. Despite the recent pullback, the index continues to stay above the 21,425 level, which is the 55-period average. In upward movements, the 21,605 resistance is being monitored, and if sustained above this level, the 21,900 peak could come into focus. The RSI indicator is at level 50, displaying a neutral outlook. The index showed a decline of 0.34% during the day. If the downward movements persist, the 21,195 level can be considered an important support.
The currencies of developing countries are moving in different directions against the US Dollar. Today, the weakest currency is the Malaysian Ringgit, recorded at 0.22%, while the strongest is the Peruvian Sol, standing out at 0.49%. The Turkish Lira is among the weaker currencies at 0.07%, with the USDTRY analysis showing it trading around the 36.58 level.
In the short term, when evaluating the USDTRY exchange rate, the lower point of the 1. Envelope indicator at 36.35 emerges as an important level. As long as the rate remains above this level, it has the potential to maintain its optimism. The levels of 36.60, 36.67, and 36.72 are notable resistance points. Sustaining above 36.72 could contribute to strengthening the current trend. However, no changes in the ongoing trend are expected unless significant news emerges regarding the Lira. Key levels: 36.35 and 36.72.
U.S. natural gas futures declined despite the postponement of tariffs on Canada and Mexico by Trump, but losses were limited due to cold weather forecasts in the country. The general state of global markets and movements in European and U.S. stock exchanges, in particular, may impact natural gas prices. Decisions made by the U.S. regarding new tariffs have caused fluctuations in the markets, which could also affect natural gas prices.
The NGCUSD pair is trying to stay above the support levels of 3.290 and 3.250 on the 4-hour charts. In upward movements, the resistance levels of 3.370 and 3.415 can be monitored. The RSI indicator is at level 40, displaying a negative outlook. The pair experienced a 0.76% decrease compared to the previous day. Whether the price can hold above the 3.290 support will be important in determining the short-term direction.
In a recent interview, President Trump expressed concerns about the country's economy being in a transitional phase, indicating that his policies could lead to stagnation. This situation has caused declines in the Dollar Index, heightening fears of a recession. Despite the drop in the Dollar, these concerns have also led to a decrease in gold prices, which will be monitored throughout the day with the JOLTS job openings data.
The precious metal, gold, is trading below the level supported by short-term indicators. While there is pressure on the desire for an increase in the 2900 – 2907 range, the prices are likely to show a downward trend. There could be a movement towards the support levels of 2890 and 2877. To achieve upward price movements, four-hour closes above 2907 are necessary.
After the panic at the beginning of the week, the Dollar Index entered a normalization process after approaching the 110 level. With this normalization, the short-term indicator, the 34-day average, reached the level of 107.80. The economic data to be monitored throughout the week will be decisive for the direction of the index and, consequently, the currency pairs. Today, the Services PMI and ADP private sector employment data will be followed, tomorrow the announcements from the Bank of England (BoE), and on Friday, the US employment data.
The Dollar Index continues to be under pressure as it did not provide a sufficient response after approaching the 110 level. The status of short-term indicators is crucial in determining the reactions of the EURUSD and GBPUSD pairs. The EURUSD pair has recovered from the 1.0210 level and entered the 1.0375 – 1.0430 region. However, if it remains below the averages, pressure towards the lower levels may continue. It should be noted that for sustainable movements, staying above the averages is necessary.
Oil futures entered the second trading day of the week under pressure. Growing concerns about the U.S. economy have raised fears of decreased demand, while a 4% drop in the Nasdaq index has supported this situation. The same weakness concerns also apply to China, which has been highlighted by negative inflation reports. It is important to closely monitor the movements of European and U.S. stock markets throughout the day.
As long as prices remain below the resistance levels of 66.00 – 66.50, a downward trend may persist. In possible declines, the 65.50 and 65.00 levels can be targeted, while in the case of recoveries, the 66.00 – 66.50 resistance will be a significant threshold. To maintain upward momentum, closures above 66.50 will need to be observed; in that case, the 67.00 and 67.50 levels may also come into play.
The panic experienced at the beginning of the week entered a normalization process as the Dollar Index approached the 110 level. This situation draws attention as the short-term 34-day average reaches 107.80. The economic developments observed throughout the week are crucial for understanding the direction of the index and, consequently, the pairs. Today, PMI for the services sector and ADP private sector employment data will be followed by the Bank of England's (BoE) announcements tomorrow, and on Friday, the US non-farm payrolls, unemployment rate, and average hourly earnings data.
The Dollar Index, nearing the 110 level, is under pressure as it has not shown a sufficient reaction at this level. The short-term 34-day average is being tested. Although the main indicator maintains its optimism above the 233-day exponential moving average, it should be closely monitored whether the reactions in the short-term indicators will continue. In particular, how these reactions develop in the EURUSD and GBPUSD pairs is a matter of interest. The GBPUSD pair has rebounded from the 1.2270 level, reaching the resistance zone of 1.2440 - 1.2480. Stability above these levels would support a trend change, while stability below would indicate the continuation of the current trend.
Oil futures entered the second trading day of the week under pressure. Growing concerns about the U.S. economy triggered fears of declining demand. The 4% decline in the Nasdaq index supports this situation. A similar weakness is also observed for China, which faced negative inflation in February. Throughout the day, movements in European and U.S. stock markets can be closely monitored.
If prices remain below the 69.50 – 70.00 resistance level, a downward outlook will be prominent. In potential declines, the 68.50 and 68.00 levels may be targeted. In anticipated recoveries, maintaining the 69.50 – 70.00 resistance could raise the potential for new declines. Therefore, it is essential to monitor movements and hourly closes above 70.00. In this case, the 70.50 and 71.00 levels may also come into play. Key level: 69.50 – 70.00.
Currencies in emerging markets show variability against the US Dollar. Today, the Chinese Yuan is the weakest currency, down by 1.37%, while the Peruvian Sol stands out as the strongest, gaining 0.70%. The Turkish Lira is in a weak position, down by 0.05%, trading around 35.95 at the time of the USDTRY analysis.
When evaluating the USDTRY exchange rate in the short term, the lower level of the 1st Envelope indicator (purple) is at 35.75. As long as the rate stays above this level, it may exhibit an optimistic outlook. This could create potential for an upward movement towards 36.03, 36.11, and 36.19. However, if the upper point of the 1st Envelope indicator (purple) maintains above 36.11, the current trend may strengthen. Otherwise, a consolidation between 35.75 and 36.11 may be observed. A trend change is not expected unless there is significant news flow in terms of the Lira. Key levels: 35.75 and 36.11.
In his latest interview, President Trump acknowledged that the country’s economy is in a transition period and did not dismiss concerns that his policies could lead to stagnation, creating unease in the markets. This situation caused losses in major tech stocks like Tesla, Nvidia, Apple, Alphabet, and Meta, leading to a nearly 4% drop in the NASDAQ100 Index. Today, the JOLTS job openings data is expected to be released.
The NASDAQ100 index continues to trade below the levels we are monitoring. Technical analyses indicate that as long as the upward potential is limited in the 19900 – 20000 region supported by the 21-period exponential moving average, the downward trend may persist. If declines continue, a movement towards the 19400 and 19300 levels could develop. For upward movements, closures above 20000 will be necessary.
The mutual implementation of customs duties by the US and China has increased risk perception in the markets. A larger-than-expected decline in JOLTS data for job openings has led to a short-term decrease in the Dollar Index. This situation has allowed gold prices to break new records. Today's ADP non-farm payroll change and ISM services PMI data will be closely monitored.
Gold is trading above the levels supported by the indicators we are following. As long as the precious metal remains above the 2820 – 2830 range, it can maintain its upward potential. If positive movements continue, momentum could build towards the 2860 and 2870 levels. However, for a downward trend to begin, it may be necessary to see sustained pricing below the 2820 – 2830 range; in this case, levels around 2813 and 2800 may come into play. The critical levels for the day are forming in the 2820 – 2830 range.
The new week began under the uncertainty of trade wars, increasing pressure on global stock indices and companies. While Europe has maintained a positive trend this year, recent developments cast doubt on its sustainability. The Green Party’s lack of support for defense and infrastructure spending in Europe is notable. Germany’s 10-year bond yields fell, and European stock indices saw average losses close to 1%. The DAX40 index dropped over 1.5% from its peak, raising concerns about its short-term trend.
Technically, the 22370 – 22680 range, marked by the lower Envelope indicator and the 89-period average, is critical. Holding above this range may support the positive trend, while falling below could signal a shift. Today’s key focus is whether the index will sustain or deviate from this level.
Crude oil futures showed recovery due to Trump's policies aimed at zeroing Iran's oil exports and the cautious progress in tariff negotiations between the U.S. and China. This situation increased risk appetite in the markets. However, decisions on tariffs against China and OPEC+'s plans to increase production in the second quarter are among the factors putting pressure on the market. The American Petroleum Institute's report of a 5 million barrel increase in stocks has also influenced this situation. Throughout the day, movements in European and U.S. stock markets and the stock data to be announced by the U.S. Energy Information Administration can be monitored.
As long as prices remain below the 73.00 – 73.50 resistance, a downward outlook may be prominent. In possible declines, levels of 72.00 and 71.50 can be targeted. In case of recovery, the 73.00 – 73.50 resistance is of critical importance. For a continuation of the upward trend, a sustained movement above this level and four-hour closures should be observed. In this case, levels of 74.00 and 74.50 may come into play. The key levels for the day have been set at 73.00 – 73.50.
U.S. natural gas futures have seen increased stock concerns due to high demand supported by strong liquefied natural gas exports in January and February, as well as production disruptions. This situation has led prices to reach their highest levels since December 2022, influenced by geopolitical risks. However, after testing these levels, gradual profit-taking occurred. Following the mild weather expected until March 15, colder weather forecasts are anticipated for the remainder of March.
As long as prices remain below the resistance levels of 4.465 – 4.530, a downward outlook may persist. In potential declines, targets could be 4.400 and 4.330. If recoveries occur, the situation at the 4.465 – 4.530 resistance levels should be closely monitored. If this resistance is broken, levels of 4.600 to 4.670 may come into play. Key levels for the day: 4.465 – 4.530.
Oil futures showed signs of recovery in line with Trump's statements aimed at completely halting Iran's oil exports and the more cautious trajectory of the tariff diplomacy between the U.S. and China. However, tariff decisions concerning China and OPEC+'s plan to gradually increase production for the second quarter continue to exert pressure on the markets. The American Petroleum Institute's report of a stock increase exceeding 5 million barrels has also impacted this scenario. Throughout the day, the movements of European and U.S. stock markets, along with the inventory data to be released by the U.S. Energy Information Administration, can be closely monitored.
As long as prices remain below the resistance level of 76.00 – 76.50, a downward trend may persist. In potential declines, the levels of 75.00 and 74.50 could be targeted. If prices move above the 76.00 – 76.50 resistance, levels of 77.00 and 77.50 may come into play. For the continuation of the upward momentum, closes above 76.50 are critically important.
While trade wars continue, the NASDAQ100 Index continues to make short-term recoveries difficult. The failure of Alphabet, Google’s parent company, to meet revenue expectations in its Cloud division led to a nearly 7% decline in the index. This situation has limited the upward space provided by the drop in U.S. 10-year Treasury yields. Today, ADP non-farm payroll changes and ISM services PMI data will be closely monitored.
The NASDAQ100 index is trading in a zone supported by the indicators we follow. When we technically evaluate short-term pricing, as long as it remains within the 21400 - 21600 range, supported by the 21 (21511) and 233 (21444) period exponential moving averages, the decision phase scenario can remain valid. To strengthen positive expectations, sustained pricing above the 21600 level may be necessary. For a bearish scenario, however, it will be essential to maintain levels below 21400.
Trump's postponement of tariff implementations related to Mexico, Canada, and China has initiated a normalization process in global stock indices. This situation has influenced market pricing behaviors by increasing investors' efforts to recover their losses. The policies Trump has pursued since taking office may lead to increased fluctuations in stock indices in the future. In terms of economic developments, today will see the service sector PMI and ADP private sector employment data, while tomorrow the announcements from the Bank of England and Friday's U.S. employment data will be significant events.
When technically evaluating the Dax40 index, pricing continues above the 55-period average (21447) and the lower point of the Envelope indicator (21327). However, this alone is not sufficient. For optimism to persist, sustained movements above the 21-period average (21590) are required. Under this condition, the 21900 peak may come into focus. Otherwise, downward pressure toward the 55-period average and the 21195 support level could develop. In such a scenario, sustained movements below 21195 should be anticipated for a trend reversal.
U.S. natural gas futures may come under pressure due to expected temperatures that are anticipated to remain below seasonal norms over the next two weeks. The postponement of tariffs on Canada and Mexico also plays a significant role in the markets. The average production in February, which is likely to exceed January's figures, is one of the factors contributing to this pressure. Movements in European and U.S. stock markets should also be monitored closely throughout the day.
If prices continue to stay within the resistance range of 3.250 – 3.290, a downward trend may become more prominent. In the event of a potential decline, levels of 3.180 and 3.140 could be targeted, while breaking through the 3.250 – 3.290 resistance may bring levels of 3.330 to 3.370 into focus. Therefore, it is recommended to pay attention to the important level of the 3.250 – 3.290 range for the day.
In the middle of the week, while PMI and private sector employment data related to the service sector draw attention, Trump's statements still maintain their popularity. The fact that Germany's Composite PMI data has risen above the 50 threshold reminds us that the ongoing issues in the manufacturing sector should not be overlooked. The better-than-expected private sector employment data in the U.S. signals that growth is slowing, despite the ISM Services PMI data remaining above the 50 threshold, even though it fell short of expectations. A similar situation is observed in the UK, where the growth rate has decreased, yet it continues to stay above the 50 threshold.
Despite approaching the 110 level, the Classic Dollar Index remains under pressure as it has not reacted sufficiently at this level. The index, which remains below the short-term indicator of the 34-day average (107.80), shows an optimistic stance above the main indicator, the 233-day exponential moving average (105); however, how the reactions will develop remains a question. The effects of this situation on the EURUSD and GBPUSD pairs should be closely monitored. With a recovery from the 1.0210 level, the EURUSD pair is moving within the 1.0375 – 1.0430 range, emphasizing a decision phase.
While PMI and private sector employment data related to the service sector are being announced in the middle of the week, important developments such as the Bank of England's (BoE) interest rate decision (a 25 basis point cut) and unemployment claims from the US will be closely monitored today. Additionally, speeches from Waller and Daly from the Fed will also be noteworthy. On Friday, US employment data, including non-farm payrolls, the unemployment rate, and average hourly earnings, will be considered.
The GBPUSD pair is trading above the 233-period moving average ahead of the critical BoE decision. With the recent optimism, the negative outlook may have come to an end. However, for the pair to maintain this positive position, the support level in the 1.2440 – 1.2480 range needs to be upheld. If the pair manages to stay above this range, it may move towards the levels of 1.2525, 1.2565, and 1.2615. Otherwise, there is a risk of a return to the 1.2440 – 1.2480 range.
On a morning when emerging market currencies varied against the US Dollar, the Philippine Peso was recorded as the weakest currency, down 0.37%. The Brazilian Real, on the other hand, holds the title of the strongest currency with a gain of 0.04%. The Turkish Lira is in a weak zone with a decline of 0.02%, while the USDTRY is trading close to the level of 35.89 at the time of analysis.
In short-term assessments of USDTRY, the lower point of the first Envelope indicator (purple) is at 35.72. As long as the exchange rate stays above this level, it can maintain its optimism. In this case, movements towards levels of 35.96, 36.03, and 36.08 may be observed. Sustaining above the upper point of the first Envelope indicator at 36.08 could reinforce the current trend in pricing behavior. Otherwise, a consolidation between 35.72 and 36.08 may occur. No significant news flow in TL terms is expected to change the trend in the exchange rate.
The ADP's non-farm payroll increase exceeded expectations, and a decline was observed in the ISM services PMI, which limited short-term declines in the Dollar Index. Trump's statements suggesting that the U.S. could take control of Gaza and his comments on a new nuclear deal with Iran increased demand for safe havens, allowing gold prices to stay near record levels. Throughout the day, the BoE's monetary policy statement, unemployment claims, and FOMC member Waller's speech will be closely monitored.
Gold, supported by the indicators we are tracking, is priced above certain levels in the short term. As long as the precious metal remains above the 2850 – 2860 range, it can sustain its upward trend. If positive movements continue, it may gain momentum towards the 2877 and 2890 levels. However, for bearish signals, persistent pricing below the 2850 – 2860 region may need to be observed; in this case, the 2840 and 2830 levels could come into focus. The critical level of the day is the 2850 – 2860 range.
Crude oil futures are under pressure due to a significant increase in stockpiles reported by the U.S. Energy Information Administration and tensions between the U.S. and China, while showing a more subdued trend during the Asian session. Although Saudi Arabia has raised prices in the Asian market for March deliveries, the impact of this news has been limited so far. Monitoring the movements of European and U.S. markets today will be crucial.
As long as pricing remains near the resistance level of 71.50 – 72.00, a downward trend may be prominent. Possible declines could target the levels of 70.50 and 70.00. In any potential recoveries, as long as the resistance at 71.50 – 72.00 holds, new downward potential may arise. For the upward momentum to continue, close observations of daily closures above 72.00 are necessary; in that case, the levels of 72.50 and 73.00 could come into focus. The critical level for the day is 71.50 – 72.00.
Oil futures are under pressure due to a significant increase in stockpiles reported by the U.S. Energy Information Administration and tensions between the U.S. and China, while showing a calmer trend during the Asian session. Although Saudi Arabia has raised prices for March deliveries in the Asian market, the impact of this is currently observed to be limited. Throughout the day, developments in European and U.S. markets may be closely monitored.
If prices remain below the resistance levels of 75.00 – 75.50, a downward outlook may become prominent. In possible declines, the levels of 74.00 and 73.50 can be targeted. If recoveries occur, a new potential decline may be relevant as long as the resistance at 75.00 – 75.50 is not breached. Therefore, to maintain the upward momentum, it is essential to monitor movements and hourly closes above 75.50. In this scenario, the levels of 76.00 and 76.50 may come into play. Key levels for the day: 75.00 – 75.50.
The increase in non-farm payrolls exceeding expectations, combined with the decline in ISM services PMI data, led to a decrease in U.S. 10-year Treasury yields. This situation paved the way for rises in the NASDAQ 100 Index. The semiconductor sub-sector, particularly supporting the technology sector, and Nvidia's increase of over 5% reinforced this recovery. Throughout the day, unemployment claims and comments from FOMC member Waller will be closely monitored.
The NASDAQ 100 index is trading above the levels supported by the indicators we are following. In short-term technical analyses, the region between 21 (21593) and 233 (21456) period exponential moving averages, supported by the 21400 – 21600 zone, stands out as an important reference point. As long as it remains above this area, the upward movement is likely to continue. If positive movements persist, an advance towards the levels of 21820 and 21900 could be observed.
Midweek, PMI data related to the service sector and private sector employment figures are notably in the spotlight. The fact that Germany's composite PMI figure has surpassed the threshold level of 50 stands out as a significant development, although the ongoing issues in the manufacturing sector should be taken into account. In the U.S., private sector employment data has shown better-than-expected trends, while the ISM Services PMI remaining above the 50 threshold raises the possibility of a slowdown in growth rates. A similar situation is occurring in the UK; despite underperforming expectations, the growth rate remaining above the 50 threshold is considered an important indicator.
When examining the Dax40 index from a technical perspective, price movements above the 55-period moving average and the lower point of the Envelope indicator (21480) confirm a continuation of an optimistic scenario while remaining above the 21-period moving average (21610). This could keep the expectations alive for the peak at 21905 and a new possible peak at 22320. However, the most critical price movements that would invalidate the current scenario are sustained movements below the 21-period moving average and the main support level at 21195. Key levels for the day: 21480 and 21905.
U.S. natural gas futures initially rose on expectations that cold weather forecasts would increase heating demand, but then showed a gradual decline. Production is in a recovery phase following disruptions in January. Throughout the day, movements in European and U.S. stock markets can also be closely monitored.
If prices remain above the support level of 3.250 – 3.290, an upward trend may emerge. In the event of potential increases, levels of 3.370 and 3.415 could be targeted, while during declines, the status of this support level should be observed. Should the support level be broken, levels of 3.220 and 3.180 may come into play. Among the significant levels of the day, the range of 3.250 – 3.290 stands out.
Important developments are taking place at the central bank meeting in February. The decision by the Bank of England (BoE) to cut interest rates by 25 basis points is particularly attracting attention in the markets. All 9 members at the meeting supported the cut, while 2 members requested a 50 basis point reduction. Although this led to an immediate drop in the pound, it later recovered and attempted to return to pre-rate levels. Meanwhile, the euro is maintaining a calm trajectory, while the Dollar Index continues to move around the 34-day average region. Following the BoE, the impact of U.S. employment data will become significant in global markets.
Despite the Dollar Index approaching the 110 level, it is struggling to maintain above this region and remains under pressure. It is noteworthy that the short-term indicator is below the 34-day average (107.80). While the main indicator remaining above the 233-day exponential moving average (105) paints a positive picture, there is curiosity about how short-term reactions will develop. It is emphasized that reactions for the EURUSD and GBPUSD pairs also need to be monitored.
The most notable developments during the central bank meeting in February occurred with the decisions made by the Bank of England (BoE). In line with market expectations, the BoE implemented a 25 basis point cut, drawing attention as all nine members supported the reduction. However, the demand from two members for a 50 basis point cut created a different dynamic in the markets. Although the pound experienced a decline after the vote, it later attempted to recover to pre-rate levels. Additionally, the U.S. employment data following the BoE will be a significant focus for global markets.
Despite approaching the 110 level, the Classic Dollar Index remains under pressure as it has not shown sufficient reaction in this zone. Short-term indicators are trading below the 34-day average (107.80), while optimism remains above the key indicator, the 233-day exponential moving average (105). Meanwhile, the GBPUSD exchange rate is fluctuating between 1.2395 and 1.2480, with sustained movements outside this range being critical for determining a clearer direction.
On a morning when currencies in emerging markets varied against the US Dollar, the weakest currency was recorded as the Malaysian Ringgit (-0.34%), while the strongest was the Thai Baht (+0.38%). The Turkish Lira, declining by 0.30%, is among the weaker currencies and is trading near the level of 35.99 during the USDTRY analysis.
In the short-term assessment of USDTRY, the lower point of the Envelope indicator (purple) is at 35.75. As long as the exchange rate stays above this level, an optimistic trend may be observed. This situation could create a movement range towards 36.03, 36.10, and 36.19 levels. In particular, staying above 36.10 could strengthen the current trend-based pricing behavior. Otherwise, a squeeze may be observed between 35.75 and 36.10. No trend change is expected unless there is sharp news flow based on the Turkish Lira. Key levels: 35.75 and 36.10.
With the increasing risk perception created by trade wars, gold has entered a recovery process again. A greater-than-expected rise in unemployment claims has led to declines in the Dollar Index, creating a favorable backdrop for gold. Throughout the day, average hourly earnings, the unemployment rate, non-farm payroll changes, and Michigan consumer confidence data should be closely monitored.
The precious metal is trading above the levels supported by the indicators we are watching in the short term. As long as gold remains above the 2850 – 2860 range, it can maintain its upward potential. If positive movements continue, there is a possibility of gaining momentum towards the 2877 and 2890 levels. However, if persistent pricing occurs below the 2850 – 2860 range, the desire to decline may strengthen, leading to a pullback towards the 2840 and 2830 levels.
Oil futures continue to show a downward trend due to expectations that demand from China will weaken because of tariffs imposed by Trump, despite the sanctions the U.S. has placed on Iran. Today, movements in European and U.S. stock markets, along with U.S. employment data, should be closely monitored.
As long as prices remain below the resistance levels of 71.00 – 71.50, a bearish trend may prevail. In case of a decline, the targets could be 70.50 and 70.00 levels. If a recovery occurs, new potential for declines could form as long as the resistance levels of 71.00 – 71.50 remain valid. In this context, movements and hourly closes above 71.50 will be crucial for the continuation of the upward momentum. In such a scenario, levels of 72.00 and 72.50 may come into focus. The key level for the day is 71.00 – 71.50.
Crude oil futures continue to display a downward trend amid expectations of weakened demand from China due to tariffs imposed by Trump, despite the U.S. sanctions on Iran. Throughout the day, fluctuations in European and U.S. stock markets will be closely monitored alongside U.S. employment data.
If prices remain below the resistance levels of 74.50 – 75.00, downward movements are likely to take precedence. In the anticipated declines, levels of 74.00 and 73.50 can be targeted. In the event of a potential recovery, as long as the resistance at 74.50 – 75.00 holds, new downside potential may arise. To sustain the upward momentum, movements and hourly closes above 75.00 will need to be observed. In this case, levels of 75.50 and 76.00 may come into focus. Key Level of the Day: 74.50 – 75.00.
Despite the risk perception created by trade wars, the NASDAQ 100 Index showed an upward trend. The unexpected increase in unemployment claims contributed to the index's rise by leading to a decline in 10-year bond yields. Throughout the day, important data such as average hourly earnings, unemployment rate, non-farm payroll changes, and Michigan consumer sentiment are being closely monitored.
The NASDAQ 100 index is trading above levels with supportive indicators. In short-term technical analysis, as long as it continues to be priced in the range of 21600 – 21700, supported by the 21 (21697) and 89 (21586) period exponential moving averages, upward movements are expected to persist. If a positive trend continues, room for movement towards the 21900 and 22000 levels may emerge. For a bearish expectation, however, sustained pricing below the 21600 – 21700 region must be observed. In this case, there is a risk of encountering the 21500 and 21400 levels. The key levels of the day: 21600 – 21700 range.
Donald Trump's trade tariffs in Europe have become a significant topic of discussion in the markets, while the process appears to be progressing more calmly. Ahead of the German elections on February 23, European stock markets present a steady outlook amid global uncertainties and trade tensions, attracting investor interest. While the DJ30 index in the U.S. has shown a 5% increase since the beginning of the year, Europe's Dax40 index has demonstrated a positive performance of 10%, updating its peak level. In Asia, Japan is performing negatively, while China is responding positively, and Hong Kong shows the best performance with a 5% increase. On the last trading day of the week, the global market agenda will focus on U.S. employment data.
When technically evaluating the Dax40 index, the 21-period moving average and the lower point of the Envelope indicator (21735) play a decisive role. The index continues to remain above this level and may progress towards 22000, 22130, and 22220. Especially, persistent movements in the first upper region of the Envelope indicators (22130) could ensure the continuation of the rally and the renewal of peak levels. However, if there is pressure towards the average, a reaction below the 21-period moving average may be seen; nonetheless, the main outlook remains positive above the 55-period average (21555). The significant levels of the day are 21735 and 22130.
U.S. natural gas futures found support as higher-than-expected withdrawals from inventories combined with cold weather forecasts positively influenced the demand outlook. The 6 to 14-day weather forecasts indicate that the cold weather effects may decrease across the country.
As long as prices remain above the 3.290 – 3.330 support levels, an upward trend may be observed. In the event of possible increases, the 3.415 and 3.470 levels can be targeted, while in case of a decline, the 3.290 – 3.330 support level should be closely monitored. A break of this support could bring the 3.250 and 3.220 levels into focus. The critical level for the day is in the 3.290 – 3.330 range.
In the new week, the presentation expected from Fed Chairman Powell before the Senate and the House of Representatives brings important developments regarding the central bank to the agenda. Speeches at events featuring prominent figures such as Cleveland Fed President Hammack, New York Fed President Williams, Atlanta Fed President Bostic, and Bank of England (BoE) President Bailey will attract investors' attention. Among the most critical data of the week are the US Consumer Price Index (CPI) for January, along with Core Retail Sales, fourth-quarter growth data from the Eurozone and the UK, and the expected January CPI figures from Germany and Switzerland.
The Classic Dollar Index shows general optimism above the 233-day exponential moving average (105.05) while starting the new week above the 34-day average (107.75), drawing attention. The strong momentum of the DXY may sustain short-term pressures on the EURUSD and GBPUSD pairs. The EURUSD pair is trading below the 55 and 233 period averages (in the range of 1.0375 – 1.0430), displaying a negative outlook. This situation could create new pressure towards the 1.0175 low point, with the 1.0270 intermediate support level to be monitored.
Ahead of the Fed meeting on March 19, the U.S. inflation data for February has become a key agenda item in global markets. Following last week's employment data, market attention has shifted to potential changes in inflation. Global investors are analyzing the effects of Trump’s policies on asset prices while closely monitoring macroeconomic indicators that will shape the Fed's roadmap. The expectation of three rate cuts by the end of the year being priced in the swap market is critical in understanding the role of inflation data in this process.
Recent declines in the Dollar Index are noteworthy; a fierce strategic battle will unfold between short-term sellers and medium-term buyers. The developments leading up to March 19 are significant for the index's impact on second-quarter forecasts. In the EURUSD pair, focusing on the range of 1.0760 – 1.0820 is vital for determining the direction of the pair.
The new week's dynamics are shaped by central bank presidents' presentations. Events featuring Fed Chairman Powell, Cleveland Fed President Hammack, New York Fed President Williams, Atlanta Fed President Bostic, and BoE Governor Bailey will be closely monitored. Key data include U.S. CPI for January, Core Retail Sales, Eurozone and UK Q4 growth, and CPI data from Germany and Switzerland.
The Classic Dollar Index remains optimistic above the 233-day exponential moving average (105.05). Starting the week above the 34-day average (107.75), it influences short-term pressure on EURUSD and GBPUSD. GBPUSD remains below the 144 and 233-period averages, potentially pressuring 1.2230, with 1.2360 as temporary support.
Ahead of the Fed meeting scheduled for March 19, global markets are eagerly awaiting the U.S. inflation data for February. Following last week's employment figures, market players are focused on changes in inflation. Investors trying to interpret the impact of Trump's policies on asset prices are also closely monitoring the macroeconomic indicators that will shape the Fed's economic roadmap. Expectations for three interest rate cuts by the end of the year are being priced into the swap market, compounded by recession concerns.
While the Classic Dollar Index has drawn attention with recent declines, a battle is expected between short-term sellers and medium-term buyers. Developments leading up to March 19 are critically important for analyzing the second quarter of the year. In the GBPUSD pair, the 1.2810 level supports short-term optimism and has the potential to create movement towards the 1.2945 and 1.3030 levels.
On a day when emerging market currencies moved in different directions against the US Dollar, the Argentine Peso was recorded as the weakest currency, declining by 0.70%, while the Thai Baht emerged as the strongest currency, gaining 0.09%. The Turkish Lira, on the other hand, remained in the weak zone, trading around 35.97 at the time of the USD/TRY analysis, with a decline of 0.05%.
In the short-term evaluation of USD/TRY, the lower point of the 1st Envelope indicator (purple) signals the level of 35.77. As long as the exchange rate remains above this level, it can maintain its optimism. This situation could create a movement space towards 36.03, 36.12, and 36.20 levels. Particularly, sustained trading above the upper point of the 1st Envelope indicator (purple) at 36.12 may strengthen the current trend. However, unless there is significant news flow in TL terms, no clear trend change is expected in the exchange rate. Key levels: 35.77 and 36.12.
Currencies in emerging markets are displaying varying performances against the US Dollar. Today, the weakest currency is the Malaysian Ringgit, which has depreciated by 0.46%, while the strongest currency is the Peruvian Sol, appreciating by 0.03%. The Turkish Lira ranks on the weaker side with a change of 0.03% and is trading around the 36.59 level during the USDTRY analysis.
In the short term evaluation of the USDTRY exchange rate, the lower point of the 1st Envelope indicator (in purple) at 36.40 stands out as an important level. If the rate continues to remain above this level, it may move towards resistance levels such as 36.60, 36.67, and 36.76. However, a consolidation between 36.40 and 36.76 is possible. A trend change is not expected unless there is sharp news flow in TL terms.
The announcement by U.S. President Donald Trump regarding a 25% tariff on steel and aluminum imports has heightened concerns over trade wars while also supporting the search for safe havens. Although the Dollar Index has risen, gold prices are exhibiting an upward movement.
The precious metal is trading above levels supported by short-term indicators. Gold can maintain an upward outlook as long as it does not decline below the 2850 – 2860 range. If the upward trend continues, levels of 2877 and 2890 may be reached. The 2877 level is critical for sustaining positive expectations. However, if it falls below the 2850 – 2860 region, a negative trend could begin. In this case, a movement towards the 2840 and 2830 levels may be observed. The critical level of the day: the 2850 – 2860 range.
U.S. President Trump announced that he would raise tariffs on Canadian steel and aluminum to 50% in response to Canada imposing a 25% additional customs duty on electricity exports. However, Ontario Premier Ford decided to halt the implementation of this extra charge. Concerns over recession and increasing uncertainty allowed gold prices to rise. Ukraine's acceptance of a 30-day ceasefire with Russia reduced perceptions of geopolitical risk, which limited the increase in gold prices. Consumer inflation data is being closely monitored throughout the day.
The precious metal may continue its upward momentum by trading above the 2900 – 2907 range. If positive movements persist, an upward movement towards the 2920 and 2930 levels may be observed. However, if prices remain below the 2900 – 2907 range, levels of 2890 and 2877 may be encountered. The 2877 level could emerge as a support point that limits downward movements.
Oil futures started the new week on a high note due to the impact of new U.S. sanctions. Following last week's sanctions on Iran, attention is now drawn to tariff commitments related to global aluminum and steel imports. Additionally, tariffs previously announced by China against the U.S. came into effect today. Movements in European and U.S. stock markets may be monitored throughout the day.
If prices remain below the resistance levels of 71.50 – 72.00, a downward trend may be prominent. In the event of a decline, levels of 71.00 and 70.50 could be targeted. However, if prices continue to stay within the range of 71.50 – 72.00, a new potential for decline could emerge. Therefore, it is important to monitor movements and hourly closures above 72.00 to sustain the upward momentum. In that case, levels of 72.50 and 73.00 may come into focus. The critical level for the day is 71.50 – 72.00.
Oil futures rose despite the American Petroleum Institute reporting a larger-than-expected increase in inventories. This rise, despite uncertainties in global trade, mainly indicates a search for a bottom. However, the fundamental dynamics continue to exert pressure. The sanctions on Iran and Venezuela may have contributed to price increases by supporting expectations that the surplus in supply could decrease. Throughout the day, the status of European and U.S. markets, U.S. inflation data, and inventory figures to be released by the U.S. Energy Information Administration may be monitored.
As long as prices remain below the 66.50 – 67.00 resistance level, a downward trend may be predominant. In possible declines, targets could be set at the 66.00 and 65.50 levels. If the 66.50 – 67.00 resistance is breached, new upward potential may emerge, bringing the 67.50 and 68.00 levels into focus. The important level of the day: 66.50 – 67.00.
Oil futures started the new week with an upward trend due to the impact of the new sanctions imposed by the U.S. Following sanctions on Iran last week, tariff commitments on global aluminum and steel imports have come to the forefront. Additionally, tariffs previously announced by China against the U.S. went into effect today. Throughout the day, movements in European and U.S. stock exchanges may be closely monitored.
If prices remain below the resistance level of 75.00 – 75.50, a downward trend could prevail. In the event of a decline, levels of 74.50 and 74.00 may be targeted. If a recovery occurs in prices and the 75.00 – 75.50 resistance holds, a new potential for decline may emerge. In this context, it is important to monitor the movement above 75.50 and hourly closings; in this case, levels of 76.00 and 76.50 may come into play. The critical level for the day: 75.00 – 75.50.
Oil futures recorded gains despite an unexpected increase in stocks reported by the American Petroleum Institute. In the face of uncertainties in global trade, the current rally appears to indicate a search for a bottom. However, fundamental dynamics continue to exert pressure. Sanctions on Iran and Venezuela may have contributed to price increases by strengthening expectations that the surplus supply could decrease.
As long as prices remain below the resistance level of 70.00 – 70.50, the downward outlook may prevail. In potential declines, levels of 69.50 and 69.00 could be targeted. For the upward momentum to continue, it is crucial to monitor movements and hourly closes above 70.50; in this case, levels of 71.00 and 71.50 may come into play. The critical level of the day is 70.00 – 70.50.
The announcement by U.S. President Donald Trump regarding a 25% tariff on steel and aluminum imports has led to significant effects in the markets. Following this decision, a limited decline in U.S. 10-year Treasury yields was observed, while the NASDAQ 100 Index experienced increases. The index is trading in a critical zone supported by the technical indicators we are monitoring.
From a short-term pricing perspective, the 21 and 233-period exponential moving averages support the 21500 – 21700 range, which is an important area for decision-making scenarios. To maintain positive expectations, it is necessary for prices to remain consistently above the 21700 level. In the event of potential recoveries, the 21820 and 21900 levels can be monitored, while falling below the 21500 level could bring negative scenarios into play. Among today's critical levels, the 21500 – 21700 range stands out.
U.S. President Trump announced that in response to Canada's decision to impose a 25% additional customs duty on electricity exports, he would increase tariffs on Canadian steel and aluminum to 50%. Ontario Premier Ford decided to halt the implementation of the additional charges. Concerns about stagnation and rising uncertainty are limiting the recoveries of the NASDAQ100 Index. Consumer inflation data will be tracked today.
The NASDAQ100 index is trading below the support level we are monitoring. In short-term technical assessments, as long as it remains below the 19700 - 19800 region supported by the 21-period exponential moving average, the downward trend may continue. If downward movements persist, a move towards the support levels of 19350 and 19250 could occur. For upward pricing, 4-hour closes above 19800 are necessary.
In the new week, speeches of key figures such as Fed Chair Powell, who will present in the Senate and House of Representatives, as well as Cleveland Fed President Hammack, New York Fed President Williams, Atlanta Fed President Bostic, and Bank of England (BoE) Governor Bailey, highlight central bank themes. The most notable data will be January US CPI, released midweek. Additionally, Core Retail Sales from the US, Q4 growth figures from the Eurozone and UK, and January CPI data from Germany and Switzerland will be monitored. Companies like McDonald's, Coca Cola, Robinhood, Applied Materials, and Coinbase will be in the spotlight for US financial results, while BP, Siemens, and Commerzbank's earnings reports will be watched in Europe.
The technical analysis of the Dax40 index indicates that 21 and 55-period moving averages (21615 – 21795 range) are critical. Although the index remains above these averages, it maintains optimism despite the decline. Movements towards 21905, 22105, and 22325 can be observed. Sustained movements in the upper region of Envelope indicators (22105) could extend the rally. However, pressures below this level may lead to reactions. Staying above 21195 is essential in the medium term. Key levels for the day are 21615 and 22105.
Trump's tariff policy has raised concerns about economic recession in the U.S., leading to losses in stock indices and companies. It has also been observed that global stock indices are influenced by the economic situation in the U.S. Among European stock indices that have positively differentiated since the beginning of the year, DAX40 has shown notable activity during this process. Today's inflation data for February from the U.S. could have significant effects on the market.
When we analyze the DAX40 index technically, the 22370 - 22680 range stands out as a critical support area. However, recent pressures have raised doubts about the index's positive trend. Continued movement within this range could strengthen positive trend expectations, while falling below this level may indicate a trend reversal. It is important to monitor how far the index moves away from this critical level today.
U.S. natural gas futures rose last week due to favorable weather conditions and started the new week with that momentum. Throughout this week, changes in weather forecasts and stock data will be closely monitored.
If prices remain above the 3.330 – 3.370 support level, an upward movement is expected to continue. If the rise persists, the 3.470 and 3.520 levels could be targeted. In the event of a possible decline, the status of the support in the 3.330 – 3.370 range will be critical. Breaking this level could trigger a move towards the 3.290 and 3.250 levels. The key level for the day has been determined as the 3.330 – 3.370 range.
U.S. natural gas futures are influenced by weather forecasts made between March 16 and 20, indicating warmer conditions in the country's Northern and Western regions. The performance of European and U.S. stock markets can also be monitored throughout the day.
As long as prices remain below the resistance levels of 4,400 – 4,465, a downward trend may continue. In the event of a decline, targets could be set at the 4,270 and 4,210 levels, while in the case of a recovery, the status of the 4,400 – 4,465 resistance should be closely monitored. A breakthrough of this resistance could lead to the emergence of the 4,530 and 4,600 levels. The critical level for the day: 4,400 – 4,465.
We are entering a dynamic period in terms of calendar data. While the presentation of Fed Chairman Powell is anticipated before the Senate today, tomorrow, the CPI data for January in the U.S. will be closely monitored. Additionally, the speeches of Cleveland Fed President Hammack, New York Fed President Williams, and Atlanta Fed President Bostic are also among the significant developments of the day. On Thursday, growth data from the UK, Swiss CPI, and U.S. PPI data will be followed; on Friday, U.S. Retail Sales data will be announced.
The Classic Dollar Index continues to maintain its overall optimism above the 233-day exponential moving average (105.10), while its movement above the 34-day average (107.80) emphasizes the Weak Reaction / Strong Trend expression. This situation signals that short-term pressures will continue for the EURUSD and GBPUSD pairs. Along with the daily important news flow, the stance of the 34-day average is of critical importance; this level will determine whether there will be a reaction towards the 233-day exponential moving average or a trend rally towards the 110 region.
We are about to enter a dynamic period in terms of calendar data. Today, Fed Chairman Powell's presentation before the Senate and tomorrow's release of the January CPI data are among the most important developments of the week. Additionally, speeches by Cleveland Fed President Hammack, New York Fed President Williams, and Atlanta Fed President Bostic will be closely monitored. On Thursday, the UK Growth, Swiss CPI, and US PPI data will be tracked, while on Friday, US Retail Sales will be announced.
The Classic Dollar Index is showing an optimistic trend above the 233-day exponential moving average (105.10). The movement above the 34-day average (107.80) reinforces the idea that short-term pressure on EURUSD and GBPUSD will continue. The GBPUSD pair is trading below the 144 and 233-period averages (1.2415 – 1.2455). This situation creates a negative outlook for the pair under the strong DXY momentum. A move below 1.2360 could reinforce this negative outlook.
Most currencies in emerging markets are showing a weak performance against the US Dollar. This morning, the weakest currency was the Thai Baht, which recorded a decline of 0.61%, while the strongest currency was the Indian Rupee, appreciating by 0.72%. The Turkish Lira is among the weaker currencies, with a decline of 0.05%, trading around the 35.99 level during the USDTRY analysis.
In the short-term evaluation of USDTRY, the lower limit of the Envelope indicator (in purple) is at the level of 35.81. If the exchange rate continues to stay above this level, a movement towards 36.05, 36.11, and 36.17 can be observed. Particularly, maintaining above 36.17 could strengthen the current trend. Otherwise, a consolidation period may occur between 35.81 and 36.17. Without significant news related to the Lira, a major trend change in the exchange rate is not expected. Key levels: 35.81 and 36.17.
While U.S. President Trump signaled the implementation of new reciprocal tariffs, Hamas's violation of the Israeli ceasefire led to an increase in geopolitical risks. This uncertainty heightened the demand for safe havens, contributing to a record high for gold despite a rise in the Dollar Index. The speech by Fed Chairman Powell scheduled for the day will also be closely monitored.
The precious metal gold continues to trade above levels supported by short-term indicators. If it remains above the 2877 – 2890 range, a continuation of the upward trend is possible. In this case, there could be potential to reach levels of 2920 and 2930. However, for a downward trend to emerge, sustained pricing below the 2877 – 2890 range will be necessary. In this scenario, the likelihood of encountering levels of 2870 and 2860 increases. The critical level for the day is the 2877 – 2890 range.
Oil futures continue to maintain an upward trend due to tightening supply caused by U.S. sanctions on Iran and Russia's weak production situation. Throughout the day, the movements of European and U.S. stock markets, along with Fed Chair Powell's speech in the Senate, are developments that need to be closely monitored.
If prices remain above the support levels of 71.50 – 72.00, an upward outlook may be possible. In potential rises, the target levels will be 73.00 and 73.50. Conversely, if prices fall below the 71.50 – 72.00 support, a new downward potential may arise. In this scenario, levels of 71.00 and 70.50 will become significant points to watch. The critical support level for the day stands out in the range of 71.50 – 72.00.
Oil futures continue to rise due to increasing supply constraints stemming from U.S. sanctions on Iran and Russia's declining production. During the day, movements in European and U.S. stock markets, as well as Fed Chairman Powell's speech in the Senate, should be closely monitored.
If prices remain above the support levels of 75.00 - 75.50, an upward outlook may be prominent. In possible rallies, levels of 76.50 and 77.00 could be targeted. However, to continue the downward trend, movements and hourly closes below 75.00 will need to be watched. In this scenario, levels of 74.50 and 74.00 may come into play. The critical levels for the day are highlighted as the range of 75.00 - 75.50.
US President Trump signaled new reciprocal tariffs expected to be implemented this week. At the same time, US 10-year Treasury yields rose to 4.50%. This situation pressured the gains in the NASDAQ100 Index. In the technology sector, stocks such as Nvidia, Palantir, SMCI, Broadcom, and Uber led the charge. Throughout the day, investors will be monitoring Fed Chairman Powell's speech.
The NASDAQ100 index continues to trade in a region supported by the indicators we are monitoring. When conducting technical analysis, we see that as long as the index remains above the 21500 – 21700 range, upward expectations could prevail. If this upward momentum continues, levels of 21820 and 21900 may be reached. Reactions at the 21900 level, supported by the descending trend line, are crucial for maintaining positive expectations. For a negative scenario, sustaining below the 21500 – 21700 range may be necessary.
This week, key economic events include Fed Chairman Powell's Senate testimony today and the January CPI data release tomorrow. Speeches by Fed officials Hammack, Williams, and Bostic will be closely watched. On Thursday, the UK’s GDP, Switzerland’s CPI, and the US PPI will be released, followed by US retail sales data on Friday. Additionally, corporate earnings from companies like Coca-Cola, Robinhood, Coinbase, BP, Siemens, and Commerzbank are significant.
Technically, the DAX 40 remains optimistic above the 21 and 55-period moving averages (21680–21870). Potential targets are 22040, 22210, and 22315, with sustained movement above 22210 supporting further gains. However, failure to break higher may lead to pressure below the averages. Still, a positive medium-term outlook persists above 21195. Key levels to monitor today are 21870 and 22210.
U.S. natural gas futures continue their upward trend due to increasing export activities and positive weather forecasts. However, the weather predictions indicate temperatures below seasonal norms until February 22. The performance of European and U.S. markets is being closely monitored throughout the day.
As long as price movements remain above the support levels of 3.370 to 3.430, the continuation of the upward trend is expected. Possible targets for increases can be set at 3.520 and 3.570. However, in the case of a decline, the status of the 3.370 to 3.430 support is crucial. A break of this support level could bring 3.330 and 3.290 levels into play. Monitoring these significant levels may present significant opportunities for investors.
Fed Chair Powell emphasized in his Senate presentation that they will not rush to lower interest rates. He noted that inflation remains above the 2% target and that uncertainties regarding tariffs have made commentary speculative. Today, the President's speech in the House of Representatives will be closely monitored. Additionally, the Consumer Inflation data from the U.S. for January will be a key focus of the day.
The Classic Dollar Index shows an overall optimistic outlook, remaining above the 233-day exponential moving average (105.10). The index's fluctuations around the 34-day average (107.80) indicate a significant struggle between short-term sellers and medium-term buyers. At this stage, the index's direction may become clearer with the results of important data.
Fed Chair Powell stated in his presentation to the Senate that they will not be hasty in lowering interest rates. The inflation rate remaining above the 2% target and uncertainties related to tariffs are causing market commentary to be speculative. Today, the President's speech in the House of Representatives will be a continuation of yesterday's Senate session, with the main focus on the upcoming January Consumer Inflation data from the U.S.
The Classic Dollar Index is showing a positive trend above the 105.10 level, which is the 233-day exponential moving average. The index is fluctuating around the 107.80 level, the 34-day average, indicating a struggle between short-term sellers and medium-term buyers. The GBPUSD pair is also attempting to make decisions between significant levels as it reaches the 144 and 233-period averages. The critical levels of 1.2360 and 1.2480 should be monitored closely for any sustained movements.
The performance of currencies against the US Dollar in emerging markets is noteworthy. Today, the Thai Baht is the weakest currency at -0.23%, while the Argentine Peso is recorded as the strongest at +0.36%. The Turkish Lira is among the weaker currencies, trading around the 36.02 level during USD/TRY analysis, showing a decline of 0.05%.
Short-term USD/TRY analysis indicates that the lower point of the 1. Envelope indicator at 35.84 is significant. If the exchange rate remains above this level, there is potential for an increase towards 36.06, 36.13, and 36.20 levels. Particularly, maintaining above 36.20 could strengthen the current price movement. However, unless there is a sharp development in terms of the Lira, a consolidation process may occur between 35.84 and 36.20. Important levels: 35.84 and 36.20.
Fed Chairman Powell emphasized in his statements that they will not rush to lower interest rates. He warned that a rapid easing policy could negatively affect inflation, while moving slowly could threaten economic growth. This situation has led to the Dollar Index hovering around 108, exerting pressure on gold prices. Today, the Consumer Price Index (CPI) data and Powell's speeches should be closely monitored.
Spot gold is currently trading in the 2877 – 2890 range, and these levels provide important indicators for trading decisions. To strengthen upward movements, four-hour closes above the 2890 level will be necessary. If prices move upward, levels of 2900 and 2910 may be observed, while if they remain below 2877, the supports at 2870 and 2860 may come into play.
Crude oil futures started the week with a decline. The American Petroleum Institute reported a 9 million barrel increase in stocks. If this figure is confirmed by the stock data to be released today by the U.S. Energy Information Administration, it will mark the fastest two-week stock increase in nearly a year. Supply concerns regarding Russia and Iran are among the significant factors limiting the price decline. Throughout the day, stock data and U.S. inflation figures may be closely monitored.
As long as prices remain above the support level of 72.50 – 73.00, an upward trend may be observed. In potential rallies, the levels of 73.50 and 74.00 could be targeted. However, as long as the 72.50 – 73.00 support holds, new upward potential may arise. To maintain the downward pressure, movements and hourly closings below 72.50 need to be monitored; in this case, the levels of 72.00 and 71.50 may come into play.
Crude oil futures started the week with a decline. The American Petroleum Institute announced a 9 million barrel increase in inventories. If this increase is confirmed by the stock data to be released today by the U.S. Energy Information Administration, it will be recorded as the fastest two-week stock increase in the past year. Additionally, supply concerns regarding Russia and Iran are significant factors limiting the decline. Throughout the day, stock data and U.S. inflation figures will be closely monitored.
If prices continue to remain above the support levels of 76.00 – 76.50, an upward outlook can be anticipated. In potential rallies, the levels of 77.00 and 77.50 could be targeted, while maintaining support at 76.00 – 76.50 during downturns may indicate new upward potential. Closings below 76.00 could bring levels of 75.50 and 75.00 into focus.
Fed Chair Powell emphasized in his statements that they will not rush to lower interest rates. He warned that a rapid easing of policy could lead to a loss of control over inflation, while moving slowly could negatively affect economic growth. This situation caused the 10-year bond yields to rise above 4.55% and put pressure on gains in the S&P 500 Index. Throughout the day, CPI data and Powell's statements will be closely monitored.
The NASDAQ 100 index is trading above supportive indicators. In short-term pricing, as long as it remains above the 21 and 233-period exponential moving averages supporting the 21,500 – 21,700 range, the upward momentum may continue. If positive movements persist, there could be room for movement towards the 21,820 and 21,900 levels. For a desire to decline, however, there will need to be sustained pricing below the 21,500 – 21,700 range.
We are mid-week, and European stock markets are drawing attention with their impressive performance since the beginning of the year. Overall, the European markets show an optimistic picture, with Hong Kong standing out with a positive performance nearing 2.50%, while Italy ranks second with an increase of around 1.50%. Germany's Dax40 and the US technology index Nasdaq100 are also competing with gains of over 1%. Today, US Consumer Inflation data for January is expected.
When examining the Dax40 index, the range of 21-period moving averages between 21,900 and 21,970 holds critical importance. The index continues to stay above these averages. Levels of 22,210, 22,345, and 22,450 can be targeted. Particularly, sustained movements above 22,345, which is the upper region of the Envelope indicators, may support the continuation of the rally. However, if pressure occurs below these levels, reactions beneath the 21-period average should also be considered.
U.S. natural gas futures continue to trend upward due to high liquefied natural gas trading and cold weather forecasts. Predictions of cold weather lasting until February 22 support expectations that demand will remain strong.
If prices stay above the support levels of 3.430 - 3.470, further upward movements are likely. In the event of a rise, levels of 3.570 and 3.620 may be targeted, while in declines, the status of this support level should be closely monitored. A break of this support could create a new agenda for levels at 3.370 and 3.330. The crucial level of the day is: 3.430 - 3.470.
The annual headline CPI in the US reaching 3.00% and the core CPI at 3.30% has had a significant impact on the markets. This situation has reshaped expectations regarding the Fed's interest rate cuts, with initial predictions for a rate cut in October emerging. The increase in the Dollar Index and pressure on stock indices have drawn attention in the markets. Fed Chairman Powell's statements following the inflation data emphasized that there would be no rush to cut rates.
In the EURUSD pair, the recent movements have led to a rise above the 55 and 233-period moving averages, creating a new positive outlook. However, for this scenario to hold, the pair needs to remain above the 1.0375 level. The 1.0430 level is a critical point for confirming this positive outlook. Otherwise, if the pair falls below 1.0375, a new pricing behavior towards the 1.0175 level may be observed.
In the U.S., the annual headline inflation rate reached 3.00%, while a 3.30% increase in core inflation caused significant fluctuations in the markets. During this process, expectations for a Fed interest rate cut shifted to October. The rise of the Dollar Index and pressure on stock indices affected market dynamics, while Fed Chairman Powell stated they are close to their inflation targets. However, he emphasized that they would not rush into cutting interest rates.
The GBPUSD pair is currently trading above the 144 and 233-period moving averages with recent movements. The pair's performance above the 1.2415 – 1.2450 range is crucial for a new positive outlook. If it manages to stay above this level, there may be room for movement towards 1.2615. However, sustained movements below the 1.2415 – 1.2450 range could trigger a resumption of the negative trend. Key levels to watch today are 1.2415 and 1.2525.
Among emerging markets, many currencies are showing strong performance against the US Dollar. Today, the strongest currency is the Hungarian Forint, which has increased by 0.56%, while the weakest currency is the Brazilian Real, recorded at a 0.08% decline. The Turkish Lira, with a 0.06% loss, is positioned in the weaker area of the list, and the USDTRY exchange rate is trading close to 36.11 at the time of analysis.
In the short-term evaluation of USDTRY, the lower point of the 1st Envelope indicator at 35.91 is a critical support level. As long as the exchange rate remains above this level, it has the potential to move towards 36.13, 36.19, and 36.24. If it surpasses the upper point of the 1st Envelope indicator at 36.27, the current pricing behavior may strengthen further. However, unless any sharp developments occur, a consolidation process between 35.91 and 36.27 can be observed.
U.S. President Trump's discussions with Russian President Putin aimed at ending the Ukraine-Russia war have led to a decrease in geopolitical risk perception. Despite consumer inflation coming in higher than expected, the Dollar Index has seen a decline. This situation has allowed gold to appreciate, even with the reduced risk perception. Key data such as the Producer Price Index (PPI) and unemployment claims can be monitored throughout the day.
Gold is trading above levels supported by the indicators we are tracking. As long as it remains within the range of 2877-2890, its upward potential can continue. If positive movements persist, we may see movement toward the 2920 and 2930 levels. However, for bearish expectations, sustained pricing below the 2877-2890 range is required; in this case, levels of 2870 and 2860 could come into focus.
Oil futures showed a downward trend with reports that U.S. President Trump and Russian President Putin agreed to initiate talks to end the war in Ukraine. As a significant oil producer globally, Russia has contributed to expectations of increased global supply. Additionally, rising inflation data in the U.S. has put pressure on the markets.
As long as prices remain in the range of 71.00 – 71.50, a bearish outlook may prevail. Potential declines could target levels of 70.00 and 69.50. If the resistance at 71.00 – 71.50 is not breached, new downside potential may emerge. For a continuation of the upward trend, it is essential to monitor movements and hourly closes above 71.50; in that case, levels of 72.00 and 72.50 may also come into play. The key level of the day is 71.00 – 71.50.
Oil futures began to show a downward trend following reports that U.S. President Trump and Russian President Putin agreed to initiate negotiations to end the war in Ukraine. As a significant oil producer globally, Russia has become a factor supporting expectations of increased global supply. Additionally, rising inflation data in the U.S. has added pressure to the markets.
If prices remain below the resistance levels of 75.00 – 75.50, a downward movement is expected to be prominent. Possible targets for declines could be the levels of 74.00 and 73.50. However, if prices close above 75.50, a new upward potential may emerge. In this scenario, levels of 76.00 and 76.50 could come into play. The critical levels of the day are shaping up in the range of 75.00 – 75.50.
President Trump of the United States has positively influenced the geopolitical risk perception through discussions with Russian President Putin aimed at ending the Ukraine-Russia war. The unexpectedly high consumer inflation in the U.S. has led to an increase in 10-year treasury yields. However, despite this rise in bond yields, the improvement in risk perception has allowed the NASDAQ100 Index to gain value. Throughout the day, the Producer Price Index (PPI) and applications for unemployment benefits will also be monitored.
The NASDAQ100 index is trading in a region supported by the indicators we are tracking. When we technically evaluate short-term pricing, as long as it remains above the 21700 – 21820 region supported by the 21-period exponential moving average, the desire for an upward movement may continue. If positive movements persist, a momentum towards the 22000 and 22100 levels could be gained.
In the United States, the annual headline CPI reached 3.00%, while the core CPI hit 3.30%, exceeding market expectations. Although this situation caused a temporary pressure on global stock indices, a normalization was observed in the markets afterward, and losses were compensated. The DAX40 index displayed a remarkable trend, reassessing peak levels alongside an upward trend. Today's economic calendar is expected to include the fourth-quarter growth data from the UK, CPI data from Germany and Switzerland, and PPI data from the US.
When technically analyzing the DAX40 index, the level of 22,100, where the 21-period moving average is located, stands out as a critical threshold. As long as the index manages to stay above this average, it could move towards the levels of 22,555, 22,650, and 22,775. Sustained movements above the first upper region of the Envelope indicators at 22,555 could support the continuation of the rally. However, if pressure occurs below this level, it should be noted that even if the index falls below the 21-period average, the 55-period average is likely to remain positive above 21,850. Key levels: 22,100 and 22,555.
U.S. natural gas futures continued to rise due to cold weather forecasts until February 22. While the increase in export demand is also observed to affect price rises, today's inventory data to be released by the U.S. Energy Information Administration is being closely monitored.
Maintaining prices above the support level of 3.520 – 3.570 could help sustain the upward trend. If increases occur, levels of 3.670 and 3.740 could be targeted. In potential decline scenarios, the status of the 3.520 – 3.570 support level should be monitored; breaking this level could raise concerns towards 3.475 and 3.430 levels.
While general optimism persists above the 233-day exponential moving average (105.15), the Classic Dollar Index trading below the 34-day average (107.68) highlights short-term reaction expectations. Recent developments have pushed the index's movement below the 107 level, indicating that the reaction process will continue. As the week closes, investors should closely monitor the Retail Sales data coming from the U.S.
In line with recent developments, the EURUSD pair continues to remain above the 1.0375 level, where the 55 and 233-period moving averages are located. The reaction sell-off in the DXY may allow the pair to move towards the 1.0605 barrier. Particularly, the situation at the 1.0480 level will be a crucial indicator of whether the upward trend will persist. If a pressure situation arises, there is a need for sustained movements below the averages to avoid a return to the pair's negative trend.
The ongoing general optimism above the 233-day exponential moving average (105.15) highlights a short-term reaction thought as it trades below the 34-day average (107.68). In light of recent developments, the classic Dollar Index has supported this notion by dropping below the 107 level. In an environment where the reactive process is expected to continue, the Retail Sales data coming from the U.S. should be monitored closely as the week closes.
The GBPUSD pair continues its course above the 1.2420 – 1.2455 zone, where the 144 and 233-period averages are located, due to reactionary sales in the DXY. Positive Growth and Industrial Production data from the UK support a favorable outlook, potentially creating room for movement towards the 1.2715 barrier. Notably, the 1.2570 level should be watched carefully as a critical threshold to assess whether the upward trend will persist.
On a day when emerging market currencies varied against the US Dollar, the strongest currency was the Peruvian Sol, which rose by 0.57%, while the weakest was the Taiwanese Dollar, declining by 0.34%. The Turkish Lira, with a depreciation of 0.28%, ranks among the weaker currencies, and as of the analysis, USDTRY is trading at around 36.19.
When evaluating USDTRY in the short term, the lower point of the first Envelope indicator (in purple) is set at 35.96. As long as the exchange rate remains above this level, it can maintain its optimism. This could create a movement range towards 36.24, 36.31, and 36.37. Especially if the upper point of the first Envelope indicator remains above 36.31, it may strengthen the current trend. Otherwise, a consolidation process between 35.96 and 36.31 may be observed. A trend change is not expected unless there is sharp news flow in TL terms. Key levels: 35.96 and 36.31.
Producer inflation in the U.S. increased, surpassing market expectations. Despite this, President Trump requested research on aligning tariffs with those of other countries before implementing customs duties. The delay in tariffs heightened concerns over global trade tensions, supporting safe-haven demands. These developments pressured the Dollar Index while providing opportunities for a rise in the value of gold. Retail sales data will also be monitored throughout the day.
The precious metal gold is trading above the level supported by the indicators we are tracking in the short term. As long as gold stays above the 2900 – 2920 range, it has the potential to maintain an upward trend. If positive movements continue, an increase towards the 2930 and 2940 levels may occur. However, a clear downward trend will need to see sustained pricing in the 2900 – 2920 range. In this case, the levels of 2890 and 2877 may come into focus. The critical range for the day is set at 2900 – 2920.
Oil futures maintained their gains following President Trump's approval of the mutual tariff plan, as he postponed implementation to allow time for negotiations. Throughout the day, movements in European and US stock markets will be closely monitored.
In this process, price movements and hourly closures outside the 71.00 – 71.50 range may provide clarity in the search for direction. A decline below the 71.00 level could target the 70.50 and 70.00 levels. In the event of potential recoveries, the 71.50 resistance should be observed; if this resistance is broken, the 72.00 and 72.50 levels may come into focus. The critical level for the day is set at 71.00 – 71.50.
Petroleum futures maintained their gains despite President Trump's approval of the reciprocal tariffs plan, as the implementation was postponed to allow time for negotiations. Stock movements in Europe and the U.S. are expected to be closely monitored throughout the day.
Price fluctuations occurring in the range of 75.00 – 75.50 may play a significant role in determining market direction. Movements below the 75.00 level could increase the desire for a decline, potentially targeting the 74.50 and 74.00 levels. In the event of potential upward movements, the status of the 75.50 resistance is critically important. Breaking through this resistance could bring the 76.00 and 76.50 levels into focus. The key levels of the day are concentrated around the 75.00 – 75.50 range.
In the United States, producer inflation has increased more than the market anticipated. This situation, combined with President Trump's desire to explore ways to match tariffs with other countries before implementing them, has led to fluctuations in the markets. These statements have contributed to the pressure on U.S. 10-year Treasury yields while providing opportunities for gains in the NASDAQ 100 Index. Retail sales figures will also be closely monitored throughout the day.
The NASDAQ 100 index continues to trade in a region supported by positive indicators. From a technical analysis perspective, as long as it remains within the 21-period exponential moving average-supported range of 21,900-22,000, the desire for upward movement may persist. If positive momentum continues, it may gain momentum towards the 22,200 and 22,250 levels. However, if it falls below the 21,900-22,000 range, levels of 21,820 and 21,700 may come into focus. Key level: 21,900-22,000 range.
Global stock indices exhibited an optimistic performance throughout the past week. During this period, positive pricing was observed from Europe to Asia and the US, with the US technology index Nasdaq100 rising by 2.70%, Germany's Dax40 by 3.79%, and Hong Kong's Hang Seng by an impressive 5.5%. Since the beginning of the year, indices like the Hang Seng, Spain's IBEX35, France's CAC40, Italy's MIB40, and Germany's DAX40 have all achieved double-digit gains exceeding 10%. In this period of rising inflation rates, attention should be paid to the election calendar in Europe and the potential impacts of Trump's tariffs in the US.
When we technically analyze the Dax40 index, the level of 22,300, which corresponds to the 21-period moving average, holds critical importance. The index maintains its optimism above this level, with movements expected towards 22,670, 22,775, and 22,885. Particularly, sustained movements above 22,775 in the Envelope indicators could continue the rally and renew peak figures. Otherwise, there could be pressure towards the average. In such a case, it should be noted that the 55-period moving average remains positive above 21,965. Key levels of the day: 22,300 and 22,775.
U.S. natural gas futures faced profit-taking after a rise influenced by cold weather forecasts, testing the 3.620 level yesterday. The Asian session observed a more subdued market trend. The stock data released the previous day, which exceeded expectations, contributed to the profit-taking.
If prices remain above the 3.570 – 3.620 support levels, upward movements are expected to continue. Potential increases could bring the target levels of 3.690 and 3.740 into focus. However, if the 3.570 – 3.620 support is broken, the 3.520 and 3.475 levels should be monitored. The key levels for the day are notably between 3.570 and 3.620.
The ongoing general optimism above the 233-day exponential moving average (105.15) highlights the short-term reaction thought with the Classic Dollar Index trading below the 34-day average (107.60). Recent developments support this notion, directing the index's movement towards the 106.50 level. As we enter the new week, the U.S. stock market is closed due to Presidents' Day. Meanwhile, the speeches of Fed officials Harker and Bowman, as well as Buba President Nagel, can be monitored in the data flow.
The EURUSD pair continues its movement above the 1.0375 – 1.0430 region, where the 55 and 233-period averages are located, due to reaction sales in the DXY. This situation may create a movement area towards the 1.0605 barrier. Particularly, the 1.0480 level should be closely monitored to determine whether the upward movement will continue or if there will be pressure on the averages. In the event of pressure, sustained movement below the averages is necessary for the pair to return to its negative trend. Under this condition, new pricing behaviors towards the 1.0175 low may be observed. Key levels of the day: 1.0375 – 1.0430 region.
The ongoing overall optimism, sustained above the 233-day exponential moving average (105.15), strengthens short-term reaction expectations as the Classic Dollar Index trades below the 34-day average (107.60). Recent movements support this situation and set the stage for the index to target the 106.50 level. As we enter the new week, U.S. stock markets are closed due to Presidents' Day, while Fed officials Harker and Bowman, along with Bundesbank President Nagel, are scheduled to speak as part of the data flow.
The GBPUSD pair continues its movement in the 1.2435 – 1.2460 range, where the 144 and 233-period averages are located, due to reaction sell-offs in the DXY. This could create room for movement towards the 1.2715 level. The 1.2615 level is a critical threshold regarding whether the upward trend will continue or whether there will be pressure towards the averages. In the event of such pressure, sustained movements below the averages will be required for the pair to return to its negative trend.
The performance of currencies against the US Dollar in emerging markets is following a remarkable trend. Today, the strongest currency is the Brazilian Real, which has risen by 1.17%, while the weakest currency is the Philippine Peso, which has depreciated by 0.25%. The Turkish Lira is among the strong currencies with a slight increase of 0.04%, trading at around 36.20 at the time of the USDTRY analysis.
In the short term, when evaluating the USDTRY exchange rate, the lower point of the 1st Envelope indicator (purple) is around 36.00. If the rate continues to stay above this zone, it could show an upward movement towards 36.23, 36.31, and 36.37 levels. Particularly, maintaining above the 36.37 level could strengthen the current trend. However, unless there is a significant news flow in TL terms, a consolidation between 36.00 and 36.37 is likely.
The weakening Dollar Index, following President Trump's postponement of customs tariffs, continued its decline as retail sales came in lower than expected. This situation limited the drop in the value of gold due to news of a possible peace agreement between Ukraine and Russia. Throughout the day, speeches by FOMC members Harker and Bowman will also be closely monitored.
The precious metal gold is currently trading within a range supported by the indicators we are following in the short term. Currently priced between 2877 and 2910, gold will need to maintain pricing above the 2910 level to reinforce a positive trend. In the event of a recovery, the levels of 2920 and 2930 may come into focus, while for a negative scenario to develop, it will be necessary for gold to sustain pricing below the 2877 level.
Oil futures began the week lower, influenced by the possibility of a ceasefire between Russia and Ukraine, the U.S. delaying tariffs, and the potential resumption of exports in northern Iraq after two years. Throughout the day, movements in European and U.S. stock markets may be closely monitored.
As long as prices remain below the 71.00 – 71.50 resistance level, a downward trend may be prominent. In potential declines, levels of 70.00 and 69.50 could be targeted. If the 71.00 – 71.50 resistance holds, new downward potential may emerge. To continue the upward momentum, it’s important to observe movements and hourly closes above 71.50. In this case, levels of 72.00 and 72.50 may come into play. The critical levels for the day are notably 71.00 – 71.50.
Oil futures started the first trading day of the week with a decline due to the potential for a ceasefire between Russia and Ukraine, the U.S. postponing tariffs, and expectations that exports from northern Iraq, which have been suspended for two years, may resume. Throughout the day, the performance of European and U.S. stock markets could be closely monitored.
If pricing remains below the resistance levels of 75.00 – 75.50, a downward trend may emerge. In the event of a decline, levels of 74.50 and 74.00 may be targeted. If recoveries occur, maintaining the resistance levels of 75.00 – 75.50 could create new downward potential. For continued upward movement, it is important to observe movements and hourly closures above 75.50; in this case, levels of 76.00 and 76.50 may come into play. The key level of the day: 75.00 – 75.50.
After President Trump's postponement of tariffs, the weakening US 10-year Treasury yield continued to decline as retail sales fell short of expectations. These developments, along with potential peace agreement news between Ukraine and Russia, create a limited upward space in the NASDAQ100 Index. The speeches of FOMC members Harker and Bowman throughout the day are also being closely monitored.
The NASDAQ100 index is trading above the levels supported by the monitored indicators. In short-term pricing, as long as it remains above the 22000-22100 range supported by the 21-period exponential moving average, the potential for an upward movement may continue. If positive movements persist, a move towards the 22375 and 22450 levels can be expected. However, if there are sustained price levels below the 22000-22100 range, there will be a risk of encountering the 21900 and 21820 levels.
As Europe's political calendar and Trump's potential tariffs create pressure on the global economic outlook, European stock indices are showing a positive divergence. Indices from countries like Germany, France, Italy, and Spain have exhibited double-digit positive performance since the beginning of the year. While thoughts of a possible correction are on the agenda, there has not yet been a signal from the pricing side. Additionally, the closure of U.S. stock markets due to Presidents' Day may further highlight Europe's internal dynamics.
The technical analysis of the DAX40 index indicates that the level of 22405, where the 21-period average lies, is critical. The index continues to stay above this average and could move towards the levels of 22680, 22810, and 22920. Particularly, sustained movements above 22810 could gain momentum for a rally, while any pressure towards the average would make it essential to maintain the 55-period average above the level of 22070. The critical levels for the day are identified as 22405 and 22810.
U.S. natural gas futures faced limited profit-taking on Friday due to increased liquefied natural gas exports and cold weather forecasts. The market started the new week with profit-taking, but recovery efforts were observed after the opening. Throughout the day, movements in European and U.S. stock exchanges can also be monitored.
If prices remain below the resistance levels of 3.655 – 3.690, a downward outlook may be prominent. In potential declines, the levels of 3.570 and 3.520 can be targeted. In recovery scenarios, the status of the 3.655 – 3.690 resistance is crucial. Breaking this resistance level may bring 3.740 and 3.800 levels into focus. The critical level of the day: 3.655 – 3.690.
Despite the reaction starting from the 110 level, we indicated that the medium-term outlook for the Classic Dollar Index remains optimistic. In the weekly bulletin, we emphasized the critical importance of the range between 106.45 and 105.70, where the 21-week average is located. The rebound following the index reaching the 106.45 level reinforces the thought that the correction has ended. In this context, we will monitor whether the index can maintain this critical area for the remainder of the week. This will also be a significant determinant of whether the upward trends in the EURUSD and GBPUSD pairs have come to an end.
The EURUSD pair faced pressure after slightly exceeding the 1.05 level due to the recovery in the DXY. If a reversal occurs in the DXY, it should be noted that downward pressure on the pair may be anticipated. Technically, for this pressure to materialize, sustained movements below the 1.0405 – 1.0430 region, where the 55 and 233-period averages are located, are required. However, since there hasn't been a breakout yet, it is important to remember that the positive trend continues. Therefore, we will expect consistency above the 1.0480 level for the positive movement to persist.
Although it started from the 110 level, optimism continues in the medium-term outlook of the Classic Dollar Index. In the weekly bulletin, we noted that the 106.45 - 105.70 range, where the 21-week average lies, is critically important. The index's rebound after reaching the 106.45 level strengthens the notion that the correction has ended. In the coming days of the week, we will monitor whether the index will remain above this critical area.
The GBPUSD pair came under pressure following its rise above the 1.2615 level, coinciding with the recovery in the DXY. If the mentioned reversal occurs in the DXY, it will be necessary to be prepared for downward pressures on the pair. For such pressure, persistent movements below the 1.2450 - 1.2480 range, where the 144 and 233 period averages are located, should be observed. However, it is important to note that no breakout has yet occurred and the positive trend is still ongoing.
In emerging markets, the weakness of currencies against the US Dollar is noteworthy. This morning, the weakest currency was the Malaysian Ringgit, which lost 0.34% in value, while the Russian Ruble stood out as the strongest currency with a 0.01% gain. The Turkish Lira is among the weaker currencies, trading at 36.24 during the USD/TRY analysis, with a decline of 0.02%.
In the short-term assessment of USD/TRY, the lower point of the Envelope indicator shows the 36.05 region. As long as the exchange rate remains above this level, it can maintain its optimism. The levels of 36.25, 36.33, and 36.41 emerge as potential movement areas. However, a significant trend change in the exchange rate is not expected unless there is considerable news flow in terms of the Turkish Lira. Key levels: 36.05 and 36.41.
While the Dollar Index tries to remain around 107, gold has shown a short-term recovery. The U.S. customs tariff plan is increasing global trade tensions, supporting the demand for safe havens. Additionally, potential ceasefire developments between Russia and Ukraine are being closely monitored. Throughout the day, the NY Fed Empire State manufacturing index can be observed.
Gold is trading within a range supported by current indicators. The precious metal's ability to stay within the 2877 – 2910 zone may influence decision-making. For a positive outlook, sustained pricing above the 2910 level is necessary. In potential recoveries, the 2920 and 2930 levels may come into play. For negative scenarios, maintaining a position below 2877 is crucial. In case of a decline, levels around 2870 and 2860 may be encountered. Key level: 2877 – 2910 zone.
Crude oil futures are showing signs of recovery due to developments suggesting that OPEC+ may postpone production increases, alongside the impact of Ukraine's attack on a Russian oil station. This situation brings to light two significant events that could be considered a deviation from Trump’s objectives. The trajectories of European and US stock markets should also be monitored closely throughout the day.
Price movements could clarify the search for direction with hourly closures occurring in the range of 71.00 – 71.50. The desire for an upward trend may strengthen with an increase in movements and hourly closures above 71.50; in this case, levels of 72.00 and 72.50 could be targeted. In the event of a potential decline, the status of the 71.00 support will be critical, and if this support is broken, levels of 70.50 and 70.00 may come into play. The key levels for the day are identified as 71.00 – 71.50.
Oil futures are showing recovery as OPEC+ considers delaying production increases and following attacks on Ukraine's oil stations in Russia. This situation indicates two significant events deviating from Trump's objectives. Movements in European and US stock markets should be monitored closely throughout the day.
Developments outside the 75.00 – 75.50 range in pricing could provide clarity regarding the search for direction. The desire for an upward movement may find support in movements and hourly closes above 75.50; in this case, levels of 76.00 and 76.50 could be targeted. In the event of a decline, the status of the 75.00 support will be critical. Breaking this support may lead to a decline towards 74.50 and 74.00 levels. The critical range for the day is 75.00 – 75.50.
The fact that the US 10-year Treasury yield remains around 4.50% allows the NASDAQ 100 Index to maintain its horizontal movements in the short term. In the spot market that will open after the holiday, a limited desire for an increase in futures contracts is observed. The NY Fed Empire State manufacturing index will be monitored throughout the day.
The NASDAQ 100 index is trading above critical levels supported by the indicators we are following. In short-term technical assessments, as long as it stays above the 22100 – 22200 range, supported by the 21-period exponential moving average, the desire for an increase may continue. If positive movements persist, it could gain momentum towards the 22375 and 22450 levels. However, for the desire to decline to be effective, permanent pricing must be seen in the 22100 – 22200 range. In this case, the 22000 and 21900 levels may come into play. Important Level: 22100 – 22200 range.
Global stock indices opened optimistically in Europe. Before completing the second month, Germany's DAX40 index stands out, rising 15%, exceeding inflation and deposit rates. Optimism stems from expectations that geopolitical risks from Russia-Ukraine will end due to U.S. President Trump’s actions and belief that economic downturns have passed. Spain and Italy gained 12%, while France rose 11%, making Europe a first-quarter leader.
Technically, DAX40’s critical level is 22,525 (21-period moving average). The index targets 22,950, 23,070, and 23,160. Sustaining above 23,070 may extend the rally, while pressure could push it toward 22,215 (55-period average), maintaining a positive outlook
U.S. natural gas futures continue to experience profit-taking following previous periods. The anticipated cold weather conditions until February 22 and the strong trend in liquefied natural gas exports have supported this situation. Movements in European and U.S. stock markets can be closely monitored throughout the day.
As long as prices remain below the resistance levels of 3.590 – 3.620, a downward trend may be observed. In the event of a decline, levels of 3.520 and 3.475 can be targeted. If a recovery occurs, it will be important to observe how the 3.590 – 3.620 resistance levels perform. If this resistance is broken, hourly closures could bring levels of 3.655 and 3.690 into focus. The significant level for the day is: 3.590 – 3.620.
Despite the reactionary outlook starting from the 110 level, optimism continues in the medium-term Classic Dollar Index. In the weekly bulletin, we emphasized the critical importance of the range between 106.45 and 105.70, where the 21-week moving average is located. It is noteworthy that the index reached the 106.45 level in the middle of the week and is attempting to display a bottoming pattern in this area. We will continue to monitor whether the index can remain above this critical zone for the rest of the week. This raises the question of whether the upward trends in EURUSD and GBPUSD have come to an end.
After the EURUSD pair rose above the 1.05 level, it came under pressure with the recovery in DXY. If the anticipated reversal in DXY occurs, downward pressures on the pair should be anticipated. From a technical perspective, sustained movements below the 1.0410 – 1.0430 range are needed for this pressure to develop. However, since a breakout has not yet occurred, the positive trend continues. For the positive movement to persist, a sustained situation above 1.0480 is expected. Key levels for the day are 1.0410 and 1.0480.
Despite starting from the 110 level, the Classical Dollar Index maintains a medium-term optimistic outlook. The 106.45 – 105.70 region, where the 21-week average is located, remains critical. As we reach midweek, the index attempts a bottoming pattern at 106.45. Staying above this level is crucial for EURUSD and GBPUSD rises. Key macro events include UK inflation data and US FOMC minutes.
GBPUSD faced pressure after reaching 1.2620 due to DXY recovery. A DXY reversal could bring downward pressure. Sustained moves below 1.2570 may target the 1.2460 – 1.2480 region. A breakout above 1.2620 is needed for further gains.
Emerging market currencies continue to show varying performances against the US Dollar. Today, the weakest currency, the Peruvian Sol, depreciated by 0.41%, while the strongest currency, the Philippine Peso, gained 0.22%. The Turkish Lira, with a 0.06% decline, is among the weaker currencies and is trading at around 36.29 at the time of the USD/TRY analysis.
In the short-term USD/TRY assessment, as long as it remains above the lower point of the 1. Envelope indicator at 36.08, optimism may continue. This could create a movement range towards 36.33, 36.38, and 36.45 levels. However, maintaining above 36.45 could strengthen the current trend. Otherwise, a consolidation process between 36.08 and 36.45 may occur. A trend change is not expected unless there is significant news flow in TL terms. Key levels: 36.08 and 36.45.
U.S. President Trump announced plans on Tuesday to impose new tariffs on semiconductor and pharmaceutical imports, as well as automobile tariffs. This development has escalated trade tensions, causing fluctuations in the markets. Additionally, an increase in gold prices per ounce has been observed due to pressures from the rising Dollar Index. Today's FOMC meeting minutes are also expected to be monitored.
Gold is currently trading at levels supported by short-term indicators. The precious metal may continue its upward trend as long as it remains above the 2900 – 2920 range. If positive movements persist, a rise towards the 2930 and 2940 levels could occur. However, if prices remain consistently below the 2900 – 2920 range, declines may come into play, and levels of 2890 and 2877 might be tested.
Oil futures are rising amid concerns of tightening supply following an attack on a station in southern Russia. Ongoing contentious discussions regarding Ukraine are among the factors limiting this increase. During this process, the movements of European and U.S. stock markets should also be closely monitored.
If prices remain above the 71.50 support level, an upward trend may emerge. In potential rises, the 72.00 resistance level could be targeted, followed by 72.50 and 73.00 levels. However, if there is a decline and hourly closings below the 71.50 support, levels of 71.00 and 70.50 may come into focus. Important level: 71.50.
Oil futures are rising, fueled by increased concerns over tightening supply following an attack on a station in southern Russia. Ongoing contentious discussions regarding Ukraine are among the factors limiting price increases. Throughout the day, movements in European and U.S. stock markets may also be closely monitored.
As long as prices remain above the support level of 75.50, an upward trend may emerge. In potential rallies, resistance levels of 76.00, followed by 76.50 and 77.00, could be targeted. However, to continue the downward trend, closures below 75.50 should be observed; in this case, the levels of 75.00 and 74.50 could come into play. The critical level for the day is highlighted at 75.50.
U.S. President Trump announced plans on Tuesday to implement new tax measures on semiconductor and pharmaceutical imports, as well as to increase automobile tariffs. This move has further escalated trade tensions. However, despite the rise in U.S. 10-year Treasury yields, the NASDAQ 100 Index has begun to show signs of recovery after recent declines. The FOMC meeting minutes will be closely monitored throughout the day.
The NASDAQ 100 index is trading above levels supported by the indicators we are following. In short-term technical analysis, while prices are fluctuating in the range of 22100 – 22200, supported by the 21-period exponential moving average, the desire for upward movement may continue. If positive movements persist, progress toward the levels of 22300 and 22375 may be observed. However, if we see sustained pricing below the 22100 – 22200 range, the desire for a downward movement may come to the forefront.
Before February ends, the German DAX40 index outperforms, gaining around 15%, exceeding the 2.50% inflation and 2.75% deposit rates. Optimism about easing geopolitical risks and economic recovery has boosted European indexes. Spain and Italy show 13% gains, while France stands at 11%, significantly impacting Europe in Q1 2023. March will be crucial for analysts' upward revisions.
Technically, the 22,680 level, where the 21-period average lies, is critical. Above this, resistances at 22,950, 23,045, and 23,135 remain targets. A sustained move above 23,135 could extend the rally. However, if pressure forms below, the 55-period average must stay positive above 22,385. Key levels: 22,680 and 23,135.
U.S. natural gas futures are rising due to increased heating demand with the approaching cold weather conditions. Such weather can cause disruptions in production processes and lead to supply issues. Throughout the day, investors may closely monitor the movements of European and U.S. stock markets.
As long as prices remain above the 3.860 – 3.950 support level, an upward trend may be observed. In the event of a potential increase, resistance levels of 4.02, as well as 4.090 and 4.140, can be targeted. However, if the 3.860 – 3.950 support is broken, levels of 3.800 and 3.740 may come into play. The critical support level for the day is the 3.860 – 3.950 range.
The Classic Dollar Index maintains its medium-term optimism despite the reactionary outlook that began at the 110 level. In the weekly bulletin, we emphasized the critical importance of the 106.45 – 105.70 range, where the 21-week average is located. On the fourth trading day of the week, the index's attempt to form a bottom after reaching the 106.45 level draws attention. In the remaining days, we will monitor whether the trend remains above this critical area. This will also play a decisive role in determining whether potential rises in EURUSD and GBPUSD will come to an end.
After slightly exceeding the 1.05 level, the EURUSD pair has come under pressure due to the recovery in the DXY. If a reversal occurs in the DXY, caution is advised against downward pressures on the pair. Technically, sustained movements below the 1.0410 – 1.0435 region, where the 55 and 233-period averages are located, are required for these pressures. In this case, the 1.0175 low may come back into focus. While no breakout has occurred yet, we will continue to follow the decision phase in this region.
Despite the reaction starting from the level of 110, the medium-term outlook for the Classic Dollar Index remains optimistic. In the weekly bulletin, we emphasized that the range of 106.45 – 105.70, where the 21-week average is located, is a critical level. On the fourth trading day of the week, the index is attempting to form a bottom after reaching the 106.45 level. In the remaining days, we will monitor whether the index can maintain its trend above this critical area. This situation will be an important indicator of whether the rises in EURUSD and GBPUSD have come to an end.
The GBPUSD pair experienced some pressure due to the recovery in DXY after reaching the level of 1.2620. If the expected reversal in DXY occurs, it will be necessary to be prepared for downward pressures on the pair. Technically, sustained movements below 1.2570 should be observed for such pressure. In this case, the 1.2480 area, where the 144 and 233-period averages are located, could become significant. Although no break has occurred yet, the pair is trying to decide within the 1.2570 – 1.2620 band.
Emerging market currencies continue to move in different directions against the US Dollar. Today, the weakest currency is the Mexican Peso, which has depreciated by 0.13%, while the strongest currency is the Thai Baht, which has increased by 0.35%. The Turkish Lira is in a weak position with a 0.06% decline and is trading near the 36.31 level during the USDTRY analysis.
In the short term, if the USDTRY rate remains above the lower point of the 1st Envelope indicator, currently at 36.11, it may maintain its optimism. This situation could create a movement range towards the levels of 36.32, 36.38, and 36.43. Sustaining above the upper point of the 1st Envelope indicator at 36.47 could contribute to strengthening the current trend. However, unless there is sharp news flow in TL terms, a squeeze between 36.11 and 36.47 may be observed.
The FOMC minutes highlighted the need for the Fed to observe further declines in inflation and indicated that changes in customs tariffs have raised inflationary concerns. This situation parallels recent statements from FOMC members, while the Dollar Index continues to fluctuate around the 107 level. Meanwhile, as the U.S. and Russia negotiate regarding the war in Eastern Europe, Ukraine's current absence from these talks reinforces anxieties. This allows gold to remain close to record levels. Throughout the day, unemployment claims, the Philadelphia Fed manufacturing index, and speeches by FOMC members could be closely monitored.
Spot gold is trading above levels supported by short-term indicators. The precious metal can maintain its upward expectations as long as pullbacks are limited within the 2920 – 2930 range. If the uptrend continues, the likelihood of encountering levels of 2946 and 2960 increases. In this process, the status of the 2940 – 2946 range could play a critical role in sustaining positive expectations. In an alternative scenario, to highlight a negative trend, a sustained move below the 2920 – 2930 area may be required, potentially leading to movements towards the 2910 and 2900 levels. The critical range for the day is 2920 – 2930.
Crude oil futures faced profit-taking following the American Petroleum Institute's report of a larger-than-expected increase in inventories. Last week saw a rise of over 9 million barrels, while this week's announced increase of 3.4 million barrels drew attention. It remains uncertain whether OPEC+ will increase production in April. Additionally, there has been no statement from Turkey regarding the resumption of oil trade from Northern Iraq. Ceasefire negotiations in Ukraine are also continuing in an unclear manner. Throughout the day, the status of European and US stock markets, along with the inventory figures to be announced by the US Energy Information Administration, can be monitored.
As long as prices remain below the 72.00 resistance, a downward trend may prevail. In potential declines, levels of 71.50 and 71.00 could be targeted. In recoveries, if the 72.00 resistance is not surpassed, new downside potential may arise. Therefore, movements and hourly closes above 72.00 will be crucial for the continuation of bullish sentiment. In this scenario, levels of 72.50 and 73.00 can be observed. The critical level for the day is set at 72.00.
Oil futures have been subject to profit-taking following the American Petroleum Institute's report of a larger-than-expected increase in inventories. This week, an increase of approximately 3.4 million barrels was recorded after last week's rise of over 9 million barrels. The decision by OPEC+ to increase production in April remains uncertain. Additionally, there has been no response from Turkey regarding speculation that oil trade from northern Iraq might resume. Ceasefire negotiations in Ukraine are also ongoing in an unclear manner. Throughout the day, movements in European and U.S. stock markets, along with inventory data to be released by the U.S. Energy Information Administration, can be closely monitored.
If prices remain below the 76.00 resistance, a downward trend may emerge. In potential declines, levels of 75.50 and 75.00 can be targeted. For any recoveries, it is essential to maintain the 76.00 resistance; otherwise, levels of 76.50 and 77.00 could come into play. The 76.00 level stands out as a critical point for the day.
The FOMC minutes revealed that the Fed requires more observation to reduce inflation, and changes in tariffs have raised inflationary concerns. This situation parallels recent statements from FOMC members, while U.S. 10-year Treasury yields continue to fluctuate around 4.5%. These developments are limiting the upward movement of the NASDAQ100 Index. Throughout the day, unemployment claims, the Philadelphia Fed manufacturing index, and speeches from FOMC members can be closely monitored.
The NASDAQ100 Index is trading in a zone with supportive indicators. When technically evaluating short-term pricing, as long as it remains within the range of 22100 - 22200 supported by the 21-period exponential moving average, the decision-making scenario may maintain its validity. To strengthen positive expectations, sustained pricing above the 22200 level may be necessary. If it remains below the 22100 level, negative expectations may come to the forefront.
The possibility of U.S. President Donald Trump imposing a 25% tariff on the automotive, pharmaceutical, and chip sectors has caused fluctuations in global stock market indices. Alongside Trump’s statements, the uncertainty of the Russia-Ukraine geopolitical risk has put pressure on European stock indices. The Dax40 index accelerated its decline by falling below the 21-period average, prompting investors to closely monitor the index's behavior.
From a technical analysis perspective, although the Dax40 index has dipped below the 21-period average (22680), the 55-period average (22385) remains a strong support level. As long as it stays above this level, a positive outlook is expected. New peak targets may be considered with Envelope indicators (23055 and 23290). However, if sustained movements occur below the main average, new pricing reactions might be observed towards the levels of 21910 – 22050.
U.S. natural gas futures continue to rise as extreme cold weather conditions in the country increase heating demand and negatively impact some production factors. Throughout the day, the situation in European and U.S. stock markets, as well as inventory data to be announced by the U.S. Energy Information Administration, can be closely monitored.
Prices may maintain an upward trend as long as they stay above the support levels of 4,260 – 4,320. In this scenario, levels of 4,460 and 4,530 can be targeted after the resistance of 4,400. In case of possible declines, the status of the 4,260 – 4,320 support should be observed; a break of this support could bring levels of 4,200 and 4,140 into focus. The significant level of the day: 4,260 – 4,320.
While general optimism continues above the 233-day exponential moving average (105.20), the Classic Dollar Index, trading below the 34-day average (107.40), keeps the short-term reaction concept in focus. As we reach the last trading day of the week, the impact of the reactive process on the index and currency pairs is a topic of interest. Today's PMI data for the services and manufacturing sectors from France, Germany, the Eurozone, the UK, and the US should be closely monitored as they carry significant signals regarding growth dynamics.
When examining the EURUSD pair, the dip work at the 1.0400 level and the upward trend limit represented by the pressure starting from the 1.0513 peak, particularly the area above 1.0425 - 1.0435, is noteworthy. There is a positive expectation for the pair in this region. Movements towards the levels of 1.0513, 1.0542, and 1.0570 can be observed. In the reaction process, the 1.0400 – 1.0425 area serves as a strong support, and sustained movements below this zone could invalidate our current scenario.
Although there is a general optimism above the 233-day exponential moving average (105.20), the Classic Dollar Index trading below the 34-day average (107.40) emphasizes a short-term reaction thought. In this context, while closely watching how effective the reaction process of the index and currency pairs will be, the Service and Manufacturing PMI data coming from France, Germany, the Eurozone, the UK, and the US should be closely monitored. These data provide important leading signals regarding growth dynamics.
The GBPUSD pair maintains its short-term optimism with a reaction at the upper end of the 1.2570 – 1.2620 range. As long as the pair stays above the 1.2570 support level, it may continue to follow a positive trajectory. Expectations are increasing towards the levels of 1.2675, 1.2715, and 1.2760, while the status of 1.2810, the peak on December 6, 2024, is crucial in determining whether it is a reaction sale or a trend rally.
Emerging market currencies are showing different trends against the US Dollar. This morning, the strongest currency was the Peruvian Sol, which gained 0.24%, while the weakest currency was the Thai Baht, which declined by 0.28%. The Turkish Lira also remained weak, with a 0.24% loss, as the USDTRY exchange rate was trading at 36.39 at the time of analysis.
In the short term, when evaluating the USDTRY exchange rate, the 36.15 level stands out as an important support point. If the exchange rate continues to stay above this level, it could have the potential to move towards 36.42, 36.47, and 36.51. Particularly, maintaining above 36.51 could strengthen the current trend. Otherwise, fluctuations may be observed between 36.15 and 36.51. A trend change is not expected unless there is sharp news flow in TL terms. Key levels: 36.15 and 36.51.
The U.S. planned customs tariffs and risk perceptions related to the Ukraine-Russia war continue to impact the markets. The U.S. Treasury Secretary's indication that sanctions could be reassessed for a potential agreement between Ukraine and Russia has helped alleviate geopolitical risks. This situation has led to short-term declines in the Dollar Index and a slight decrease in gold prices. Today, data such as preliminary manufacturing and services PMIs, existing home sales, and Michigan consumer sentiment will be monitored.
Gold is trading within a price range supported by the indicators we are observing in the short term. If the precious metal continues to stay within the 2920-2940 range, a positive expectation may emerge. However, sustained pricing above the 2940 level is necessary for this expectation to solidify. Otherwise, maintaining levels below 2920 could bring negative scenarios into consideration.
Oil futures continue to show an upward trend amid supply concerns. Attacks on the pipeline in Russia and uncertainties regarding whether OPEC+ will increase production in April are among the main agenda items in the markets. Additionally, the observed increase of 4.6 million barrels in oil stocks is seen as a factor that limits the rise. Movements in European and US stock markets can be closely monitored throughout the day.
If prices remain above the 72.00 – 72.20 levels, it seems likely that an upward trend will continue. Potential targets in case of a rise could be the 73.00 and 73.50 levels. However, in the event of a decline, maintaining support at the 72.00 – 72.20 range could create a new opportunity for an increase. Attention should be paid to closing prices below 72.00 for the continuation of the downtrend; in that case, the 71.50 and 71.00 levels may come into focus.
Oil futures continue to maintain an upward outlook amid supply concerns. Attacks on the pipeline in Russia and uncertainties regarding OPEC+'s potential production increase in April are notable factors in the markets. Additionally, the 4.6 million barrel increase in oil inventories is also a factor limiting prices. Throughout the day, the performance of European and US stock markets can be monitored.
If prices remain above the support level of 76.00 – 76.20, further upward movement is likely. In the case of a potential rise, target levels can be set at 77.00 and 77.50. However, if the support level of 76.00 – 76.20 is broken downward, levels of 75.50 and 75.00 may come into play. Therefore, to continue the downward pressure in the markets, closes below 76.00 should be monitored.
Walmart's failure to meet market expectations for 2025 has created a negative atmosphere in the retail sector. On the other hand, budget cuts from the Pentagon have put pressure on Palantir's stock price. These two developments have led to a decline in the NASDAQ100 Index, while the decrease in 10-year bond yields has somewhat mitigated the effects of this decline. Throughout the day, leading manufacturing and services PMIs, existing home sales, and Michigan consumer sentiment data are being monitored.
The NASDAQ100 index is trading within a range supported by the indicators we are following. When evaluated technically, the 22100 – 22200 area, supported by the 21-period exponential moving average, stands out as a zone where a decision phase may be valid. To strengthen a positive outlook, sustained pricing above the 22200 level may be required.
Global stock indices have just completed a week marked by varying performances. In the U.S., the impact of Trump's tariffs and geopolitical uncertainties between Russia and Ukraine, combined with the release of corporate financial results, shaped the stock indices. In Asia, Hong Kong led with a 2.75% gain, while Japan's Nikkei225 recorded the worst performance with a 1.20% decline. In the U.S., the S&P 500 index remained nearly stable, while Europe's DAX 40 index attracted attention with a 1% decrease. Today’s PMI data is critically important for growth dynamics.
Technical analysis of the DAX 40 index shows that it has been trading close to the 22,380 level, which is the 55-period average. To maintain its optimistic outlook, it needs to stay above this level. Price movements above the 22,680 level, which is the 21-period average, could signal a bullish trend. However, if pressure arises and the index falls below the 55-period average, it may lead to the end of the current trend and push the index towards the 21,910 – 22,050 range.
U.S. natural gas futures recovered some of their losses after a larger-than-expected decrease in stocks. The cold weather anticipated tomorrow and the drop in production are causing fluctuations in the markets. The performance of European and U.S. exchanges may be closely monitored throughout the day.
If prices continue to stay within the support range of 4.090 – 4.140, an upward trend may be observed. Possible increases could aim for levels of 4.260 and 4.320 following the resistance at 4.200. However, if the support at 4.090 – 4.140 is breached, levels of 4.035 and 3.950 may come into focus. The significant levels of the day include 4.090 – 4.140.
In Germany's federal elections, nearly 60 million voters participated, marking the highest turnout rate of 84% since 1990. According to exit polls, the Christian Democratic Union/Christian Social Union (CDU/CSU) leads with 29% of the votes, while the far-right Alternative for Germany (AfD) holds the second position with 20%. Current data indicates that no party will be able to govern alone; therefore, CDU leader Merz emerges as a prime ministerial candidate to be closely monitored during the coalition process.
The Classic Dollar Index maintains its optimism above the 233-day exponential moving average, while trading below the 34-day average due to short-term reactionary sentiment. The EUR/USD pair is expected to test the range between 1.0425 and 1.0460. Staying above this level could allow the pair to target 1.0542, 1.0580, and 1.0630.
In Germany's federal elections, nearly 60 million voters have the right to vote, with the highest turnout rate since 1990 at 84%. According to exit polls, the Christian Democratic Union (CDU/CSU) leads with 29%, while the right-wing AfD holds second place with 20%. In this situation, where no party can govern alone, CDU leader Merz's candidacy for Chancellor draws attention. There is great curiosity about how Merz will affect the financial balances during the coalition process.
In the currency market, the Classic Dollar Index remains above the 233-day exponential moving average (105.20) while continuing to trade below the 34-day average (107.32), reflecting short-term reaction thoughts. Today, data related to the German elections, the German IFO Business Climate Index, and Eurozone CPI figures will be closely monitored. The GBPUSD pair maintains a positive outlook while staying above the 1.2620 support level.
Most currencies in emerging markets are performing strongly against the US Dollar. Today, the strongest currency is the Malaysian Ringgit with an increase of 0.72%, while the weakest performer is the Indian Rupee with a decrease of 0.24%. The Turkish Lira is among the weaker currencies, showing a change of 0.01%, and is trading at around 36.43 at the time of the USDTRY analysis.
When examining the USDTRY exchange rate in the short term, the 36.22 level stands out as an important support point. As long as the rate remains above this level, there is potential for an upward movement towards resistance points at 36.49, 36.54, and 36.59. However, unless there is significant news flow regarding the Lira, a consolidation between 36.22 and 36.59 may be observed.
The PMI data for the US released on Friday showed that the service sector has fallen below the 50 level, entering the contraction zone. This situation has heightened recession concerns in the US economy, leading to a decline in the Dollar Index. Consequently, gold prices have found an opportunity to remain close to record levels.
The precious metal is trading in the range of 2920 – 2942, supported by short-term indicators. To maintain a positive trend, it is crucial for prices to stay consistently above the 2942 level. In the event of a potential recovery, the levels of 2947 and 2955 may be considered. For a negative scenario, it will be necessary to establish a sustained position below the 2920 level; in this case, the levels of 2910 and 2900 will be monitored. The most critical levels of the day are highlighted as the range of 2920 – 2942.
Oil futures declined following the announcement by the Iraqi government that it had completed all necessary procedures for the re-export of oil from the north via the Iraq-Turkey pipeline. Additionally, ceasefire efforts in Ukraine have been among the significant factors exerting pressure on prices. Movements in European and U.S. stock markets will be closely monitored throughout the day.
As long as prices remain below the resistance levels of 70.50-71.00, a downward outlook may prevail. In the event of a decline, targets could be set at the support level of 70.00, followed by 69.50 and 69.00. If prices maintain levels above 71.00, the focus could shift to 71.50 and 72.00. Therefore, it is crucial to monitor these key levels for the continuation of upward momentum.
Oil futures have declined following the announcement by the Iraqi government that it has completed the necessary procedures to resume oil exports through the Iraq-Turkey pipeline in the north. Additionally, ceasefire efforts in Ukraine have also put pressure on prices. Throughout the day, the status of European and U.S. markets may be closely monitored.
As long as prices remain below the resistance level of 74.00 - 74.50, a downward outlook may prevail. In the event of a decline, the levels of 73.50 and 73.00 may be targeted, while the 74.00 - 74.50 resistance area represents a significant threshold for potential recoveries. For the continuation of upward momentum, hourly closes above 74.50 may be necessary; in this case, the levels of 75.00 and 75.50 could come into play. Critical levels for the day: 74.00 - 74.50.
The US PMI data released on Friday indicated signs of contraction as the services sector fell below the 50 mark. This situation heightened recession concerns in the US economy due to the significant impact of the services sector and led to an increase in 10-year bond yields. Despite this, the NASDAQ100 Index entered a downward pricing process, with sub-sectors such as semiconductors, software, and information technology being among the most affected.
The NASDAQ100 index is trading at critical levels supported by the indicators we monitor. In short-term pricing, the 89 and 233-period exponential moving averages located in the 21700 – 21900 range provide support. For a positive trend to continue, sustained pricing above 21900 is necessary. In potential recoveries, levels of 22000 and 22100 can be considered, with 22100 standing out as a critical threshold. For negative scenarios, it will be essential to maintain a position below 21700.
In Germany, nearly 60 million citizens have the right to vote, with the highest voter turnout rate since 1990 at 84%. According to the latest exit polls, the Christian Democratic Union/Christian Social Union (CDU/CSU) ranks first with 29% of the votes, while the far-right Alternative for Germany (AfD) comes in second with 20%. These results indicate that no party will be able to govern alone, making CDU leader Merz a key figure to watch in the new coalition process. Germany's current economic data, particularly the IFO Business Climate Index and Eurozone inflation figures, will play a significant role during the election period.
The technical analysis of the DAX 40 index shows a positive opening post-election, despite recently falling below the key support level of the 55-period moving average. For buyers to gain strength, it is essential to remain above the 21 and 55-period moving averages. Maintaining the levels around 22380 – 22505 could enhance optimism for the index and provide a potential upward move towards the 23000 peak. However, it should be noted that sustained movements below the averages would confirm a downturn.
Last week, U.S. natural gas futures saw an increase due to cold weather conditions and strong exports. However, following the rollover, prices fell back below $4. Market movements in European and U.S. stock exchanges can be monitored throughout the day.
Closing prices outside the range of 3.950 – 4.035 may play a significant role in determining market direction. Prices above the 4.035 level could increase bullish sentiment, bringing targets of 4.090 and 4.140 into focus. In the event of a decline, the 3.950 support level is critical; if this level is breached, attention may shift to the 3.860 and 3.800 levels.
In the challenging economic conditions of Europe, the effects of the coalition that will emerge after the Federal Elections in Germany are a subject of curiosity. Next week, we will continue to monitor developments in the Eurozone, starting with the German IFO data, which fell below expectations. Additionally, the Q4 growth data from Germany and the speech of BUBA President Nagel will be significant. From the United States, the S&P/CS Housing Price Index and Conference Board Consumer Confidence data are anticipated.
From a technical perspective, the EURUSD pair highlights the 1.0425 – 1.0460 range as a critical zone. If the pair remains above this level, it may move towards 1.0485, 1.0513, and 1.0542. Movements at the 1.0513 level will be decisive in determining whether it is a potential reaction sell-off or a trend rally. The 1.0425 – 1.0460 range serves as a strong short-term support.
Europe is eagerly awaiting the effects of the coalition that will emerge after the Federal Election in Germany amid a challenging economic environment. Starting next week with the German IFO data falling short of expectations, the market will further examine the economic situation of the Eurozone with Germany's Q4 Growth (Final) data and a speech by BUBA President Nagel today. On the U.S. side, the S&P/CS Housing Price Index and Conference Board (CB) Consumer Confidence data are among the important developments.
While the Dollar Index shows overall optimism above the 233-day exponential moving average, trading below the 34-day average keeps short-term rebound thoughts in the spotlight. The GBPUSD pair continues its movement at the upper point of the 1.2570 – 1.2620 range. If the support level at 1.2620 is maintained, the likelihood of a positive movement in the pair increases. Levels 1.2675, 1.2715, and 1.2760 should be closely monitored for potential trend volatility.
Emerging market currencies moved in different directions against the US Dollar, with the Mexican Peso showing the strongest performance of the day, increasing by 0.17%. The Thai Baht, on the other hand, became the weakest currency, decreasing by 0.37%. The Turkish Lira is positioned in the weaker part of the list, with a decline of 0.06%, while the USDTRY pair is trading close to the 36.45 level at the time of analysis.
In the short-term assessment of USDTRY, the 36.25 level emerges as a critical support point. As long as the exchange rate remains above this level, it can maintain an optimistic outlook. This could create potential for an upward movement towards resistance levels such as 36.49, 36.55, and 36.62. However, a consolidation is likely to occur between 36.25 and 36.62, and a trend change is not expected unless there are sharp news flows regarding the Turkish Lira.
U.S. President Trump announced the implementation of tariffs on Canada and Mexico, leading to concerns about inflationary risks. The Dollar Index rebounded after these statements, impacting the price of gold. Today, important data such as the Conference Board consumer confidence and Richmond Fed manufacturing index will be monitored.
Gold is trading within a range supported by indicators in the short term. Current prices are forming between 2930 and 2947, with sustained pricing above 2947 potentially strengthening positive expectations. If a pullback occurs, falling below the 2930 level may lead to negative expectations. Levels 2920 and 2910 should also be closely monitored.
Oil futures rose on Tuesday, surpassing short-term averages. Following the U.S. sanctions on Iranian oil, the market experienced some relief due to positive developments in Iraq's oil exports. However, the potential impacts of Iraq's oil trade and the quest for a ceasefire in Ukraine are being closely monitored. Additionally, the performance of European and U.S. stock markets is another important factor to watch.
If prices remain above the support levels of 70.50 – 71.00, an upward trend is expected to continue. In the event of price increases, the levels of 71.50 and 72.00 could be targeted. Moreover, as long as the support of 70.50 – 71.00 is maintained, there is potential for a new rise. For declines to persist, movement below 70.50 needs to be observed; in this case, the levels of 70.00 and 69.50 may come into play.
Crude oil futures rose on Tuesday, surpassing short-term averages. News regarding Iraq's oil exports, coupled with U.S. sanctions on Iranian oil, provided some relief in the market. However, the potential impacts of Iraq's oil trade and ongoing ceasefire efforts in Ukraine may contribute to price support. Movements in European and U.S. stock markets should also be monitored closely throughout the day.
Maintaining prices above the 74.00 – 74.50 support levels could indicate an upward trend. Potential targets for upward movements could be the 75.00 and 75.50 levels. However, as long as the 74.00 – 74.50 support is held during potential declines, new upward opportunities may arise. Movements and hourly closes below 74.00 should be tracked to continue the downward pressure; in this case, the levels of 73.50 and 73.00 may come into play. Key levels for the day: 74.00 – 74.50.
The NASDAQ100 Index continues its downward movement despite the decline in U.S. 10-year Treasury yields, influenced by negative developments in the technology and artificial intelligence sectors. Among stock prices, Palantir experienced a sharp drop of 10.5%, while Nvidia saw a 3.1% decline ahead of its earnings report due on Wednesday. Microsoft lost 1% due to concerns over slowing data center expenditures. Throughout the day, Conference Board consumer confidence and Richmond Fed manufacturing index data will be monitored.
The NASDAQ100 index is trading below the level supported by the following indicators. In short-term technical analysis, as long as it remains below the 21700 – 21900 region, supported by the 21 (21804) and 233 (21696) period exponential moving averages, a negative outlook is likely. If the pullback continues, movements towards the 21400 and 21300 levels may be observed. For a positive trend to emerge, sustained pricing above the 21700 – 21900 region is necessary, which could bring the 22000 and 22100 levels into focus. The critical level of the day: the 21700 – 21900 region.
Europe is eagerly awaiting the effects of the coalition that will emerge after the Federal Elections in Germany, amid challenging economic conditions. Markets started the week with disappointing German IFO data, where the Netherlands showed the best performance with a 3.0% optimism, while France is on the negative side with a 1.0% loss. England remains neutral at 0.0%, and the Dax40 index shows a 0.70% optimism. Today's 4th quarter Growth data from Germany and BUBA President Nagel's speech will shape developments in the Eurozone.
A technical analysis of the Dax40 index indicates that it is in a reactive phase starting from the 23000 peak. The index is engaged in a significant struggle between the 21 and 55-period averages. Permanent movements outside the 22215 – 22535 range are needed for clearer actions. These levels are critically important for monitoring developments related to the 23000 peak or the 21790 trough. Otherwise, the index may continue to fluctuate. Key levels: 22215 and 22535.
U.S. natural gas futures began the new week under the influence of milder weather forecasts. These forecasts bring expectations of improvements in production disruptions, leading to a decline in trading. This trend is expected to continue on the second trading day of the week. Additionally, the performance of European and U.S. stock markets may also be closely monitored throughout the day.
If prices remain below the 4,000 – 4,035 resistance levels, a downward trend may become more pronounced. Should a decline occur, the 3,860 and 3,800 levels could be targeted. In potential recoveries, the status of the 4,000 – 4,035 resistance is critically important. Breaking through this resistance level could bring the 4,090 to 4,140 levels into focus. Key levels for the day include 4,000 – 4,035.
The narrowing movement range of the classic Dollar index is causing the EURUSD and GBPUSD pairs to follow a calm trend. This week, important data such as growth, employment, inflation, and central bank decisions are expected to impact the market until March 20. As the new week begins with a data-heavy schedule, Fed officials Barkin and Bostic's speeches, along with New Home Sales figures, can be monitored today.
When technically assessing the EURUSD pair, the 55 and 233-period moving averages support the rise at the 1.0200 level. The 1.0425 – 1.0470 range stands out as an area where the main trend is positive. However, sustaining above this level will be confirmed by breaking above 1.0535. Otherwise, a consolidation pattern may emerge in the pair. For the continuation of the short-term positive trend, sustained movements below the averages are needed; otherwise, the 1.0175 low may come back into focus.
The Classic Dollar Index is at a significant turning point in the middle of the week, amidst a pause in the EURUSD and GBPUSD pairs. Critical data such as growth, employment, inflation, and central bank decisions are expected to influence the markets until March 20. During this period, increased data flow may lead to fluctuations in asset prices. The speeches of Fed representatives Barkin and Bostic, along with New Home Sales data, should be closely monitored today.
The GBPUSD pair is attempting to show a short-term positive movement, particularly considering 1.2620 as a support level while trading above the 1.2570 – 1.2620 range. Therefore, optimism prevails in the short-term outlook for the pair. A sustained move above 1.2675 could support an upward trend towards 1.2810. However, if the reference area is broken downwards, the exponential moving averages in the 1.2510 – 1.2525 range still provide an optimistic backdrop for the pair. Key levels: 1.2570 and 1.2675.
As the currencies of developing countries fluctuate in different directions against the US Dollar, the strongest currency of the day is the Brazilian Real, which gained 0.22%. Meanwhile, the weakest currency recorded is the Taiwanese Dollar, declining by 0.15%. The Turkish Lira stands in the weaker section of the list, with a loss of 0.04%, trading around 36.46 at the moment of analysis for the USDTRY pair.
When we evaluate the USDTRY exchange rate in the short term, we can state that 36.27, the lower point of the Envelope indicator (purple), is a significant level. As long as the rate remains above this level, it can maintain its optimism. This could create a movement range towards 36.49, 36.56, and 36.63. A potential permanence above 36.63 may contribute to the strengthening of the current trend. A tendency for compression can be observed between 36.27 and 36.63.
President Trump's customs tax policies and foreign relations continue to exert pressure on gold prices. Following the approval of tariffs on Canada and Mexico, Trump signed an executive order to review copper tariffs. These developments have limited losses in the Dollar Index while also triggering profit-taking in gold. New home sales are also being closely monitored today.
Gold is trading within a specific range based on short-term indicators. As the precious metal continues to be priced within the 2910 – 2930 region, it has reached a decision stage. For a positive outlook to strengthen, sustained pricing above the 2930 level is needed. In potential recoveries, the 2942 and 2947 levels may come into focus, while for negative scenarios, stability below 2910 will be required. At this stage, the 2890 level, supported by the rising trend line, should be watched closely.
Oil futures have declined as the U.S. shares expectations of weakness in global demand. During the Asian session, attempts to stabilize prices were observed. The U.S. consumer confidence data released yesterday reached its lowest level since April 2024, reinforcing this situation. Additionally, the possibility of an agreement with Ukraine that could bring Russian oil back to the global market has become another factor putting pressure on the supply side. The American Petroleum Institute's announcement of a drop in stocks for the first time since January emerged as a factor limiting losses.
As long as prices remain below the resistance level of 69.50 – 70.00, the downward trend may continue. In the event of a decline, levels of 68.50 and 68.00 could be targeted. For upward potential, movements and hourly closes above 70.00 should be monitored. In this scenario, levels of 70.50 and 71.00 may come into play. The critical level for the day is the range of 69.50 – 70.00.
Crude oil futures have declined as expectations of weak global demand also encompass the US. In the Asian session, an effort to find balance was observed, supported by the lowest consumer confidence data in the US since April 2024. Additionally, the likelihood of an agreement in Ukraine creating a pathway for Russian oil to re-enter the global market is exerting pressure on supply. The American Petroleum Institute's announcement of a stock decrease for the first time since January has helped limit losses.
As long as prices remain below the resistance levels of 73.00 – 73.50, the downward trend may remain prominent. In case of further declines, the levels of 72.00 and 71.50 could be targeted. On the other hand, if there is a recovery, maintaining the resistance at 73.00 – 73.50 could open up new potential for declines. Movements and hourly closes above 73.50 should be monitored for upward momentum, with potential targets of 74.00 and 74.50.
President Trump's tariff and foreign policy decisions are causing the NASDAQ100 Index to maintain a downward trend. Following the approval of tariffs on Canada and Mexico, an executive order was signed to review copper tariffs. This situation affects efforts to limit the index's declines in futures markets despite the decrease in 10-year bond yields. Today, important data such as the Conference Board consumer confidence index and the Richmond Fed manufacturing index will be monitored.
The NASDAQ100 index is trading below the levels supported by the indicators we are following. In short-term technical analysis, it may show a negative outlook as long as it remains outside the 21500 – 21600 range supported by the 21-period exponential moving average. If the pullback continues, a move towards the 21200 and 21100 levels can be expected. For a positive trend, sustainable pricing above the 21500 – 21600 range is necessary; in that case, the 21700 and 21820 levels may come into focus.
European stock indices continue to attract attention with their impressive performance since the beginning of the year. Although this week has shown a mixed outlook, European markets (excluding France) have managed to maintain their optimism. While significant declines occurred in the EMEA region and Asia faced pressure with the U.S. accelerating its realization process, the Netherlands stands out with a performance exceeding 2%. Germany's DAX40 index, on the other hand, limited the flow of movement with a 0.55% increase.
The technical analysis of the DAX40 index indicates that the corrective process starting from the 23000 peak has not become permanent below the 21 and 55-period averages. These averages provide critical support for the continuation of the index's optimism. In terms of pricing, as long as it remains above the 22215 – 22535 range, there is an expectation to reach the 23000 peak again. The 22680 barrier is an important follow-up point for reaction sales or trend rallies. A permanence below 22215 could indicate a potential trend change.
U.S. natural gas futures have risen above the $4 level due to demand for liquefied natural gas exports and declining stock levels. Despite high production, the prices remaining below the 5-year average have been a supporting factor for market dynamics. This situation has also contributed to the end of the upward squeeze below $4 that we mentioned the day before. Throughout the day, movements in European and U.S. markets can be closely monitored.
As long as pricing remains within the support range of 4.035 – 4.090, an upward outlook can be expected. In the event of potential increases, targets may be set at the 4.200 and 4.260 levels, while any drop would make the 4.035 – 4.090 support critical. A break of this support could lead to a potential shift toward the 4.000 and 3.940 levels.
With the narrowing movement range of the Classic Dollar Index, the EURUSD and GBPUSD pairs are following a calm course. The flow of significant data, such as growth, employment, inflation, and central bank decisions, until March 20, will significantly impact asset prices. As the new week begins with an increase in data intensity, it is recommended to also monitor the speeches of Barkin and Bostic from the Fed, along with New Home Sales.
The technical analysis of the EURUSD pair shows that the rises supported by the 55 and 233-period moving averages began at the 1.0200 level. If a sustained position is maintained above the 1.0425 – 1.0470 region, the main trend may continue to follow a positive course. However, if persistent movements occur below this level, the recent compression pattern may come to the forefront. With the intensity of macro data, it is crucial for the pair to remain above the averages to sustain its short-term positive trend.
The narrow trading range of the classic Dollar index is causing the EURUSD and GBPUSD pairs to follow a calm path. Significant developments such as growth, employment, inflation, and central bank decisions are expected to impact asset prices until March 20. With the new week, data density will increase. Today, the speeches of Fed officials Barkin and Bostic, along with New Home Sales data, can be monitored.
The GBPUSD pair is exhibiting a positive movement, particularly considering the 1.2620 level as a bottom, trading within the range of 1.2570 - 1.2620. Short-term optimism is prominent in this reference zone. A sustained move above the 1.2675 level could support a rise towards 1.2810. However, if the reference zone breaks downward, optimism above the 1.2510 - 1.2525 range will continue. Key levels: 1.2570 and 1.2675.
The performance of emerging market currencies against the US Dollar is noticeably diverging. The Brazilian Real has gained 0.22%, becoming the strongest currency of the day, while the Taiwanese Dollar is recorded as the weakest at 0.15%. The Turkish Lira is situated in the weak zone with a decline of 0.04%, and the USDTRY exchange rate is trading at around 36.46 at the time of analysis.
In the short term, examining the USDTRY exchange rate reveals that the lower point of the Envelope indicator (purple) at 36.27 is a critical support level. As long as the rate remains above this level, it could show optimistic movement toward 36.49, 36.56, and 36.63. However, a tendency to constrict between 36.27 and 36.63 may be observed, and no trend change is expected unless there is significant news flow based on the Turkish Lira.
President Trump's customs tax policies and uncertainties in foreign relations have exerted pressure on gold prices. Following the customs duties imposed on Canada and Mexico, President Trump signed an executive order to initiate a review of copper tariffs. These developments have limited losses in the Dollar Index while triggering profit-taking in gold. Additionally, new home sales may also be monitored throughout the day.
Gold is currently moving within a price range supported by short-term indicators. As long as the precious metal continues to be priced in the 2910-2930 range, it may remain at a decision-making stage. To strengthen positive expectations, sustained pricing above the 2930 level may be necessary; in that case, the 2942 and 2947 levels could be considered. Conversely, to highlight negative scenarios, a sustained position below the 2910 level may be required.
Oil futures showed a downward trend due to expectations of weakness in global demand, with the situation being exacerbated by the involvement of the United States. While a search for balance was observed during the Asian session, the decline in consumer confidence in the U.S. to its lowest levels since April 2024 provided supporting data for this situation. Additionally, the potential for an agreement regarding Ukraine raised concerns about the possible return of Russian oil to the global market, which could put pressure on supply.
The American Petroleum Institute's report of a decline in oil stocks for the first time since the first week of January served as a factor limiting losses. As long as prices remain below the resistance levels of 69.50 – 70.00, the downward trend may continue. In the event of a decline, levels of 68.50 and 68.00 can be targeted, while closes above 70.00 could create new upward potential.
Crude oil futures continue to decline as expectations of weakness in global demand combine with factors from the U.S. During the Asian session, a search for some balance persists, while the lowest consumer confidence data in the U.S. since April 2024 reinforces this situation. Additionally, a potential agreement in Ukraine that could allow Russian oil back into the world market is putting pressure on the supply side. The American Petroleum Institute's first announcement of a stock decline since the first week of January stands out as a factor that limits losses.
Throughout the day, the development of European and U.S. stock markets and the inventory data to be released by the U.S. Energy Information Administration should be monitored. Prices may maintain a downward trend as long as they remain below the resistance level of 73.00 - 73.50. In possible declines, the levels of 72.00 and 71.50 may be targeted, while closures above 73.50 could create new upward potential.
President Trump's customs tax plans and foreign policies continue to exert downward pressure on the NASDAQ100 Index. After approving tariffs for Canada and Mexico, President Trump signed an executive order to review copper tariffs. Despite these developments, futures contracts are attempting to limit declines in the Index due to the effects of decreasing 10-year bond yields. Key data such as the Conference Board consumer confidence and the Richmond Fed manufacturing index are being monitored throughout the day.
The NASDAQ100 Index continues to trade below the observed indicators. Short-term technical analyses suggest a negative outlook as long as it remains below the 21500 – 21600 range supported by the 21-period exponential moving average. If the pullback continues, a movement towards the 21200 and 21100 levels may be seen. For a positive trend, the Index needs to establish permanent pricing above the 21500 – 21600 range; in this case, levels of 21700 and 21820 could come into play. Key levels of the day: 21500 – 21600 range.
European stock indices continue to attract the interest of investors with their remarkable performance since the beginning of the year. While this week has shown a mixed outlook, optimism remains at the forefront. Despite significant declines recorded in the EMEA region and pressure faced by Asia, Europe (excluding France) is following a positive trend. The Netherlands stands out with a performance exceeding 2%, while Germany's Dax40 index continues to rise with a 0.55% increase. Coalition talks in Germany following the Federal Elections are being closely monitored, along with developments regarding defense spending.
The technical analysis of the Dax40 index indicates that it has remained below the 21 and 55-period moving averages in the reactive process that began from the 23000 peak. These averages provide critical support for the index to maintain its optimism. If prices remain above the 22215 – 22535 range, the likelihood of reaching the 23000 peak again increases. The 22680 barrier could answer whether it is a reaction sell-off or a trend rally. In the event of a potential decline, staying below 22215 should be watched carefully.
U.S. natural gas futures have risen above the $4 level due to demand for liquefied natural gas exports and decreasing inventories. Despite high production levels, staying below the 5-year average has supported prices. This situation has led to the end of the previously mentioned upward consolidation below $4. Throughout the day, the movements of European and U.S. markets can be monitored closely.
As long as prices remain above the support level of 4.035 – 4.090, an upward trend may continue. In the event of a rise, targets could be set at 4.200 and 4.260 levels. Conversely, if prices decline, attention should be paid to the status of the 4.035 – 4.090 support. A break of this support could lead to movements towards the 4.000 and 3.940 levels with hourly closures. Key levels for the day: 4.035 – 4.090.
The Classic Dollar Index limits the movement range, causing the EURUSD and GBPUSD pairs to follow a calm trend. We are in a busy period until March 20, where significant developments such as growth, employment, inflation, and central bank decisions could impact the market. Therefore, an increase in data flow is expected with the new week. Today's focus will be on the speeches of Fed officials Barkin and Bostic, along with the New Home Sales data.
When technically analyzing the EURUSD pair, it is observed that the rise starting from the 1.0200 level is supported by the 55 and 233-period moving averages. In this context, as long as it remains above the 1.0425 – 1.0470 region, the main trend can stay positive. However, if it does not maintain levels above 1.0535, the pair may continue to exhibit a consolidation appearance. It should be noted that for the short-term positive trend to continue, there must be sustained movements below the averages.
The classic Dollar index continues to trade within a narrow range, causing EURUSD and GBPUSD pairs to exhibit a calm trend. Significant data regarding growth, employment, inflation, and central bank decisions is expected until March 20. During this period, asset prices are anticipated to be influenced by critical developments. With the new week, a more intense flow of data is expected. Today, the speeches of Fed officials Barkin and Bostic, along with the New Home Sales data, may serve as important points of interest.
While the GBPUSD pair moves between 1.2570 and 1.2620, it is attempting to maintain a short-term positive trend, particularly considering 1.2620 as a support level. Sustaining above this level could support a movement towards targets of 1.2675, 1.2715, and 1.2760. However, if the reference zone breaks downward, optimism in the 1.2510 – 1.2525 area will continue. The key levels for the day are identified as 1.2570 and 1.2675.
On a morning when emerging market currencies varied against the US Dollar, the strongest currency was the Brazilian Real, which rose by 0.22%, while the weakest was the Taiwanese Dollar, declining by 0.15%. The Turkish Lira, on the other hand, experienced a 0.04% depreciation, positioning it among the weaker currencies, trading around 36.46 at the time of the USDTRY analysis.
In the short term, examining the USDTRY exchange rate reveals that the lower point of the first Envelope indicator, at 36.27, is a significant level. As long as the rate remains above this level, a bullish outlook may prevail. This could create room for movement towards resistance levels of 36.49, 36.56, and 36.63. Sustaining above the upper point of the first Envelope indicator at 36.63 could strengthen the current trend. However, unless there is a sharp development in TL terms, a consolidation between 36.27 and 36.63 is expected.
President Trump's customs tariff policies and uncertainties in foreign policy have put pressure on gold prices. After approving customs tariffs on Canada and Mexico, Trump initiated a review of copper tariffs. These developments have limited the losses in the Dollar Index while increasing profit-taking in gold. New home sales can also be monitored today.
Gold is currently trading at levels supported by the indicators we are following in the short term. The precious metal is priced between 2910 and 2930, and its persistence in this zone could determine the decision-making phase. For positive expectations to strengthen, sustained pricing above 2930 is necessary. In potential recoveries, levels of 2942 and 2947 may come into focus, while persistence below 2910 could highlight negative scenarios. Levels of 2900 and 2890 stand out as potential points to encounter in possible declines.
Oil futures continue to decline, influenced by expectations of weakened global demand and contributions from the U.S. Although some efforts toward stabilization were observed during the Asian session, consumer confidence data in the U.S., which has been at its lowest levels since April 2024, reinforces this situation. Additionally, a potential agreement with Ukraine could lead to Russian oil re-entering the global market, creating supply-side pressures. The American Petroleum Institute's announcement of a decrease in stocks has also played a role in limiting losses.
As long as prices remain below the resistance levels of 69.50 - 70.00, a downward trend may be prominent. In case of declines, levels of 68.50 and 68.00 could be targeted, while any potential recoveries would require breaking the 69.50 - 70.00 resistance. It is critical to see daily closes above 70.00 for the continuation of upward momentum; in that case, levels of 70.50 and 71.00 could come into play.
Oil futures have declined as expectations of weak global demand also encompass the U.S. Attention is drawn to the search for equilibrium in prices during the Asian session. Data showing that consumer confidence in the U.S. has fallen to its lowest level since April 2024 supports this situation in the markets. Additionally, concerns that a possible agreement regarding Ukraine could reintroduce Russian oil to the world market are putting pressure on the supply side. The announcement by the American Petroleum Institute that stock levels have dropped for the first time since the beginning of January served as a factor limiting losses.
As long as prices remain below the resistance level of 73.00 – 73.50, a downward trend may persist. If declines occur, the levels of 72.00 and 71.50 could be targeted. In any potential recoveries, maintaining the resistance level of 73.00 – 73.50 could create new downside potential. Therefore, for the continuation of the upward trend, closes above 73.50 should be monitored; in this case, levels of 74.00 and 74.50 may come into play. The key level of the day: 73.00 – 73.50.
President Trump's customs tax plans and foreign policy are increasing downward pressure on the NASDAQ100 Index. Following the approval of tariffs for Canada and Mexico, the executive order signed by Trump to review copper tariffs continues to create uncertainty in the market. Nevertheless, declines in the 10-year Treasury yield are limiting the index's fall in futures trading. Additionally, important data such as the Conference Board consumer confidence and the Richmond Fed manufacturing index are expected to be announced during the day.
Currently, the NASDAQ100 index is trading below the support zone formed by the 21-period exponential moving average (21554) at the levels of 21500 – 21600 according to our technical analyses. Movements below this level may lead to a continuation of the negative trend. If the desire for pullback persists, a decline could occur towards 21200 and 21100 levels. However, for a positive outlook, sustained pricing above the 21500 – 21600 region will be necessary. In this case, levels of 21700 and 21820 may come into focus.
European stock indices continue to attract attention with their performance since the beginning of the year. In a market displaying a mixed outlook this week, it is significant that Europe (excluding France) maintains its optimism. While the EMEA region has experienced significant declines, and Asia is under pressure with the U.S. accelerating its realization process, the Netherlands stands out with a performance exceeding 2%. Germany's DAX40 index continues to move with a positive outlook of 0.55%. Developments focused on the U.S., particularly related to coalition talks and defense spending, along with the financial results of AI leader NVIDIA, may influence the direction of global stock indices.
Looking at the technical analysis of the DAX40 index, the reactive process that started from the 23000 peak did not stabilize below the 21 and 55-period averages. These averages provide critical support for the index to maintain its optimism. As long as it remains above the 22215 – 22535 range, reaching the 23000 peak again seems possible. The 22680 barrier raises the question of whether there will be a reactive sell-off or a trend rally, while potential stability below 22215 should be considered for trend change implications. In this case, a new pressure towards the 21910 – 22050 range may be observed. Key levels for the day are 22215 and 22680.
U.S. natural gas futures have surpassed the $4 level, supported by demand for liquefied natural gas exports and declining stocks. Despite high production, remaining below the 5-year average has been one of the factors supporting the price. This situation has also paved the way for the end of the upward squeeze below $4. Throughout the day, movements in European and U.S. stock markets can be observed.
As long as the price remains above the support level of 4.035 – 4.090, an upward trend may continue. In the event of a rise, levels of 4.200 and 4.260 can be targeted, while in case of a decline, the 4.035 – 4.090 support should be monitored. Breaching this support level may lead to levels of 4.000 and 3.940 coming into focus. The critical levels of the day are 4.035 – 4.090.
While price reactions are not observed below 106, the partial recovery shown this week has limited the movement of the EURUSD and GBPUSD pairs. In particular, increased volatility is expected for the Classic Dollar Index until March 20. Among today's significant developments are the speeches of Fed officials and economic data from the U.S.
The Classic Dollar Index demonstrates overall optimism above the 233-day exponential moving average (105.23) but continues to remain below the 34-day average (107.20). In the EURUSD pair, the recovery in DXY puts pressure on the pair, questioning the short-term trend outlook. If it can stay above the 1.0428 – 1.0470 range, a short-term positive trend may continue. Otherwise, trend uncertainties may come to the forefront.
In an environment where price reactions below the 106 level are not being observed, the partial recovery and calm pricing behavior experienced this week are limiting the movements of the EURUSD and GBPUSD pairs. With the start of critical news flow for the classic Dollar Index in the new week, an increase in volatility is expected until March 20. Today, speeches by Fed members Bowman, Schmid, Hammack, and Harker will be closely watched, alongside data on the US 4th Quarter Growth, Unemployment Claims, Durable Goods Orders, and Pending Home Sales.
The GBPUSD pair is attempting to maintain a short-term positive movement by considering the 1.2570 – 1.2620 zone as a bottom point. In this context, an increase towards the levels of 1.2675, 1.2715, and 1.2760 can be observed. Particularly, a sustained movement above the 1.2675 level could support a trend towards the peak of 1.2810, reached on December 6, 2024. Otherwise, a reaction towards the reference zone may occur.
The currencies of developing countries are moving in different directions against the US Dollar. This morning, the strongest currency was the Brazilian Real, standing out with a value increase of 0.22%, while the weakest currency was the Taiwan Dollar with a decrease of 0.15%. The Turkish Lira is in a weak position with a value change of 0.04%, trading around the levels of 36.46 during the USDTRY analysis.
When examining the USDTRY exchange rate in the short term, the lower point of the 1. Envelope indicator, at 36.27, is a critical level. As long as the rate stays above this level, it can maintain its optimism. This could create a movement towards resistance levels like 36.49, 36.56, and 36.63. However, unless there is significant news flow based on the Lira, a compression between 36.27 and 36.63 may occur.
On Wednesday, U.S. President Trump proposed a 25% reciprocal tariff on cars and products originating from the European Union. It was announced that the tariffs imposed on Mexico and Canada will take effect on April 2 instead of March 4. These developments allow the Dollar Index to continue its gains, while gold remains under pressure despite the increasing uncertainty. Throughout the day, leading growth rates, unemployment claims, durable goods orders, and speeches from FOMC members will be closely monitored.
Gold is trading within a range supported by the indicators we are monitoring in the short term. As long as the precious metal remains within the 2900 – 2920 range, the decision-making scenario will remain valid. To strengthen positive expectations, sustained pricing above 2920 may be needed. In potential recoveries, levels of 2930 and 2942 could come into focus, while maintaining a negative scenario requires staying below 2900. In declines, we might encounter levels of 2890 and 2877. The key level of the day is: the 2900 – 2920 range.
Oil futures continue to trend downward as expectations of a global supply glut resurface. Uncertainty created by trade tariffs and the diminishing likelihood of sanctions being lifted on Russia are emerging as two main factors behind the market decline. Throughout the day, the performance of European and US stock markets, along with growth data from the US, should be closely monitored.
If prices remain below the resistance levels of 69.00 – 69.50, the downward trend may strengthen. In the event of a decline, levels of 68.00 and 67.50 can be targeted. For upward movements to persist, it is crucial to watch for closures above 69.50; in this case, levels of 70.00 and 70.50 may also come into play. Notable levels for the day include 69.00 – 69.50.
Oil futures continue to display a downward trend as expectations of a global supply surplus resurface. Tariff implementations and uncertainties regarding global trade volume, combined with the possibility of lifting sanctions on Russia, have become two main factors influencing market declines. Daily movements in European and US stock markets, as well as US growth data, should be closely monitored.
As long as prices remain below the 72.50 – 73.00 resistance level, a continuation of the downward trend is likely. In the event of a decline, levels of 71.50 and 71.00 may be targeted. Additionally, as long as the price stays within the 72.50 – 73.00 resistance range, new downward potential could emerge. To sustain upward momentum, closing above 73.00 is critical; in this case, levels of 73.50 and 74.00 may come into play.
Nvidia reported a net profit in the fourth quarter, showcasing better-than-expected financial performance and projecting a 78% annual revenue increase. However, despite these positive developments, limited pricing was observed in the markets. The proposal by U.S. President Trump for a 25% tariff on automobiles and products from the European Union, coupled with a decline in U.S. 10-year Treasury yields and Nvidia's strong financial results, exerted pressure on the NASDAQ100 Index. Throughout the day, leading growth rates, unemployment claims, durable goods orders, and statements from FOMC members will be monitored.
The NASDAQ100 index is trading below technically supported levels. As long as it remains below the 21300 – 21400 area, supported by the 21-period exponential moving average, the negative outlook may persist. If the downward trend continues, a movement towards the levels of 21100 and 20975 can be expected. Alternatively, sustained pricing above the 21300 – 21400 area could create a positive trend, in which case levels of 21500 and 21600 may come into focus. Important level: 21300 – 21400 area.
European stock markets, excluding France, have performed positively in the past week, catching the attention of investors. Notably, the Netherlands has achieved a strong rise with gains exceeding 3%, while Germany's Dax40 index has also shown an increase of over 2%, presenting an optimistic scenario. This situation can be seen as an indication of recovery following the past challenges faced by European markets.
However, U.S. President Trump's plans for a 25% tariff on the European Union and developments regarding rare earth element agreements may increase geopolitical risks. The Dax40 index has attracted attention with a 15% increase since the beginning of the year. From a technical analysis perspective, it maintains its positive trend in the 22215 – 22535 range after initiating a corrective process from the 23000 peak. The 22805 level emerges as a significant intermediate area to monitor.
U.S. natural gas futures are experiencing a downward trend due to market dynamics not supporting bullish expectations. Milder weather conditions are expected to prevail until mid-March. This situation could help reduce heating demand and allow some production factors negatively affected by extreme cold to return to normal. Throughout the day, the performance of European and U.S. stock markets and the inventory data to be announced by the U.S. Energy Information Administration should be closely monitored.
If prices remain below the resistance levels of 4,000 – 4,035, the downward outlook is likely to strengthen. In potential decline scenarios, the levels of 3,940 and 3,860 can be set as targets. In the event of a price recovery, monitoring the resistance levels of 4,000 – 4,035 will be crucial. Breaking through this level may bring new targets in the range of 4,090 to 4,140 into focus.
The general optimism above the 233-day exponential moving average (105.25) poses a challenge in maintaining the 106 level. The Classic Dollar Index has shown recovery, reaching the 34-day average (107.20). EURUSD has struggled above 1.05, and GBPUSD has faced resistance at 1.27, increasing concerns about DXY’s pressure. In March, key economic indicators such as Germany's CPI and the US Fed's PCE inflation data should be closely monitored.
Technically, EURUSD remains below the 55 and 233-period averages (1.0453 - 1.0427), indicating the end of the positive trend. Optimism in DXY may intensify the pair’s downward movement. If it stays below 1.0470, support levels at 1.0375, 1.0330, and 1.0270 could be tested. A break below 1.0375 may bring 1.0175 into focus. For a recovery, sustained movement above 1.0470 is necessary, or else a reaction towards 1.0640 might occur. Key levels: 1.0470 and 1.0375.
The optimism above the 233-day exponential moving average (105.25) faces a challenge in maintaining the 106 level, while the Dollar Index’s recovery to the 34-day average (107.20) stands out. As EURUSD struggles above 1.05 and GBPUSD above 1.27, potential pressure on DXY is being observed. In March, we will assess whether switching from Euro and Pound to Dollar during rallies remains a viable strategy. Germany’s CPI and the U.S. Fed’s PCE data should be closely monitored as the week ends.
GBPUSD, influenced by the strong U.S. Dollar, is nearing the 1.2570 support level from 1.2715. While optimism in DXY dominates, GBPUSD remains in the positive zone. The 1.2525 - 1.2570 range is crucial; a sustained move below could shift the trend, targeting 1.21. However, no breakout has occurred yet. Key levels: 1.2525 - 1.2570.
The currencies of developing countries continue to demonstrate varying performances against the US Dollar. Today, the strongest currency, the Taiwan Dollar, has increased by 0.06%, while the weakest currency, the Malaysian Ringgit, has depreciated by 0.48%. The Turkish Lira, with a decline of 0.25%, ranks among the weaker currencies, trading close to the level of 36.52 at the time of the USDTRY analysis.
In short-term evaluations of USDTRY, the lower point of the first Envelope indicator (in purple), at 36.28, stands out as an important level. If the exchange rate remains above this level, it may maintain its optimism and move toward the levels of 36.55, 36.60, and 36.65. Particularly, if a sustained situation occurs above the upper point of the first Envelope indicator at 36.65, the current trend is expected to strengthen. Otherwise, a period of consolidation may occur within the range of 36.28 - 36.65.
On Thursday, U.S. President Trump announced that a 25% tariff on products from Mexico and Canada will take effect on March 4. It was also stated that a 10% tariff on China will be implemented on the same date. These developments have led to an increase in the Dollar Index while causing declines in gold prices. Throughout the day, core PCE price index changes and Chicago PMI data will be closely monitored.
Gold is currently trading below the levels supported by the indicators being monitored in the short term. The precious metal is expected to continue its decline as long as it remains outside the 2890 – 2907 range. If the pullback continues, movements towards the support levels of 2860 and 2850 may be observed. In an alternative scenario, sustained pricing above the 2890 – 2907 range is necessary for a positive outlook; in this case, levels of 2920 and 2930 could be reached above 2907.
Oil futures faced renewed selling pressure during the Asian session following concerns regarding supply. Trump's revocation of Chevron's operating license in Venezuela became an additional factor contributing to upward movements. However, the overall picture continues to reflect a strong supply and weak demand outlook. Movements in European and U.S. stock markets, along with U.S. PCE inflation data, may be significant developments throughout the day.
As long as prices remain within the range of 69.50 – 70.00, an upward outlook could prevail. In potential rallies, levels of 70.50 and 71.00 could be targeted. However, maintaining support at the 69.50 – 70.00 range will support new upward potential. For declines, it will be essential to monitor movements and hourly closes below 69.50, which may bring levels of 69.00 and 68.50 into focus.
Crude oil futures faced renewed selling pressure during the Asian session after concerns related to supply reflected in pricing. The rise was notably supported by Trump’s cancellation of Chevron’s operating license in Venezuela. However, the overall outlook still shows strong supply and relatively weak demand.
If prices remain above the support levels of 72.50 – 73.00, upward movement may continue. In this case, levels of 73.50 and 74.00 could emerge as new targets. In possible decline scenarios, maintaining support at 72.50 – 73.00 could bring new upward potential into consideration. However, it is crucial to monitor closures below the 72.50 level for continued selling pressure. In this scenario, levels of 72.00 and 71.50 could be taken into account.
On Thursday, U.S. President Trump announced that a 25% tariff on products from Mexico and Canada will be implemented starting March 4. On the same date, a 10% tariff on China will also come into effect. Despite growth figures aligning with expectations, negative results from some data, such as unemployment claims and core durable goods orders, caused a decline in 10-year Treasury yields. Despite the drop in benchmark bond yields, the NASDAQ100 Index experienced a loss due to pressures in the semiconductor sector. Throughout the day, the core PCE price index and Chicago PMI data will be monitored closely.
The NASDAQ100 index is trading below the region supported by the indicators we are monitoring. From a technical perspective, as long as the upward pressure is maintained below the range of 21100 – 21200, which is supported by the 21-period exponential moving average, the downward trend may continue. If the declines persist, a movement towards the support levels of 20520 and 20420 can be observed. In an alternative scenario, upward price movements will require 4-hour closes above the 21200 level.
We are at a significant turning point for the day, the week, and the month. The impressive performance of European stock markets has been evident throughout February. The UK has stood out with a 7% increase, while Italy has seen a 6% rise. The DAX40 index has provided over 13% returns since the beginning of the year and has shown a positive performance of around 4% this month. With the tariffs the US is set to impose on the EU, along with the geopolitical risks of Russia-Ukraine and the economic indicators coming in March, understanding the optimism or realization process in the markets is crucial when combined with the monetary policy decisions of central banks.
When we technically analyze the DAX40 index, we see that we are at a significant threshold in the reactive process that started from the 23000 peak. The Envelope indicator supporting the upward trend is passing through the 22215-22370 range, and the index is at a decision-making stage within this critical band. As long as it remains above this range, the likelihood of the trend continuing strengthens, while persistent movements below may lead to trend changes and a dip to the 21195 level. Therefore, the current state of the index should be monitored closely.
U.S. natural gas futures continue to be under pressure due to milder weather forecasts. Despite a noticeable decrease in stocks, this reduction is considered a pressure factor in the markets as it fell short of expectations. The performance of European and U.S. stock markets should also be monitored closely throughout the day.
As long as prices remain below the resistance level of 3,940 - 4,000, a downward trend may be prominent. In case of any declines, the levels of 3,860 and 3,800 could be targeted. On the other hand, if the resistance of 3,940 - 4,000 is surpassed, the levels of 4,035 and 4,090 may come into focus. Among today's key levels, the range of 3,940 - 4,000 stands out.
We have entered an important phase in global markets. While inflation, employment, and growth dynamics influence central bank decisions, a volatile process in asset prices is expected. This week, the European Central Bank's interest rate decision and President Lagarde's statements for the Eurozone will be closely watched, along with the ISM Manufacturing and Services PMI data in the U.S. Additionally, the Consumer Price Index (CPI) from the Eurozone and the ISM Manufacturing PMI data from the U.S. will also be monitored carefully.
In the foreign exchange markets, the Dollar Index sustains its optimism by remaining above the 233-day exponential moving average. The EUR/USD pair is forming a new pattern below the levels of 1.0425 – 1.0442. Remaining below 1.0470 could bring the support levels of 1.0375 and 1.0330 into focus. Persistent movements below these levels may prompt attention towards the 1.0175 low, while averages will act as resistance in the event of a possible recovery.
Significant developments are occurring in global markets. Speculative forecasts regarding inflation, employment, and growth dynamics are influencing central bank decisions and causing fluctuations in asset prices. This week, the European Central Bank's interest rate decision and President Lagarde's speech in the Eurozone, along with important data such as the ISM Manufacturing and Services PMIs in the U.S., will be closely monitored. Additionally, employment data from the U.S. and comments from Fed Chairman Powell are also key agenda items.
While the Dollar Index continues to stay above the 233-day exponential moving average, the GBPUSD pair has declined to the 1.2570 support level. The 1.2525 - 1.2570 zone is critical for maintaining positive expectations. Establishing stability in this area could support an upward trend towards the 1.2715 level. Prices above 1.2620 may further strengthen this positive outlook.
Emerging market currencies are following a different trend against the US Dollar. This morning, the Russian Ruble gained 1.10%, becoming the strongest currency, while the Malaysian Ringgit recorded a 0.48% decline, making it the weakest. The Turkish Lira is positioned weakly at a 0.07% decrease, trading around 36.52 at the time of the USDTRY analysis.
In short-term evaluations for the USDTRY exchange rate, the lower point of the 1. Envelope indicator (purple) at 36.30 forms a critical level. If the rate remains above this level, it may move towards resistance levels of 36.55, 36.60, and 36.66. Otherwise, a consolidation between 36.30 and 36.66 could be observed. No trend change is expected unless there are sudden developments regarding the Lira. Key levels: 36.30 and 36.66.
The core PCE price index in the U.S. decreased from 2.9% to 2.6% annually, aligning with market expectations. Following this development, Ukrainian President Zelensky announced that, immediately after his inconclusive meeting with U.S. President Trump, European leaders agreed to prepare a draft peace plan to be presented to the U.S. This situation has led to fluctuations in risk perception in the markets, while the limited increases in the Dollar Index have supported the recovery of gold prices. Throughout the day, ISM manufacturing PMI and manufacturing price data will be monitored.
Gold is currently priced below the levels supported by short-term indicators. As long as the precious metal remains below the 2870-2890 range, our bearish expectation continues. If the desire for a pullback persists, a movement towards the support levels of 2860 and 2850 may be observed. In alternative scenarios, sustained pricing above the 2870-2890 range is necessary for positive expectations to emerge. In potential rises above 2890, targets could be set at 2900 and 2907. The key level of the day is the 2870-2890 range.
Oil futures started the new week with a strong surge, shaped by unexpectedly high manufacturing activity data released in China. The tension between Ukrainian President Zelensky and U.S. President Trump also supported this rise in the markets. However, concerns about global economic growth still seem to exert pressure. Today, the movements of European and U.S. stock markets may be closely monitored.
When pricing occurs in the range of 70.00 – 70.50, significant clarity can be gained regarding direction. The desire for an upward movement can strengthen with pricing and hourly closures above 70.50; in this case, levels of 71.00 and 71.50 could be targeted. In possible declines, the 70.00 support holds critical importance. A break below this support could bring levels of 69.50 and 69.00 into play.
Oil futures began the new week with an upward trend, driven by manufacturing activity data released in China, which indicates expansion. The tension between Ukrainian President Zelensky and U.S. President Trump is also among the factors affecting the markets. However, concerns about global economic growth continue to exert pressure. Movements in European and U.S. stock exchanges should be closely monitored throughout the day.
If pricing occurs outside the 73.00 – 73.50 range and there are hourly closures, this could provide clarity in the market's search for direction. The desire for an upward trend may become evident with prices above 73.50; in this case, levels of 74.00 and 74.50 could be targeted. In potential declines, the 73.00 support holds critical importance.
In the U.S., the core PCE price index decreased from 2.9% to 2.6% annually, aligning with market expectations. Meanwhile, as the March 4 deadline for tariffs indicated by President Trump approaches, Commerce Secretary Lutnick suggested that tariffs on Mexico and Canada could be lower than the initial rate of 25%. The NASDAQ100 Index, which closed higher on Friday, is also showing a positive trend in futures trading. Throughout the day, the ISM manufacturing PMI and manufacturing prices data are being closely monitored.
The NASDAQ100 index is trading below the levels supported by the indicators we are tracking. According to short-term technical assessments, as long as the range of 20975 – 21100, supported by the 21-period exponential moving average, continues to suppress upward momentum, the downward trend may prevail. If declines persist, a move towards 20900 and 20785 levels could be observed. For an upward price movement to occur, there may need to be four-hour closes above the 21100 level.
We have entered a significant period in global markets. The dynamics of inflation, employment, and growth are greatly influencing central bank decisions. This week, we will be monitoring critical developments such as the European Central Bank's interest rate decision in the Eurozone, President Lagarde's speech, and the ISM Manufacturing and Services PMI data from the United States. Additionally, employment data from the U.S. and comments from Fed Chair Powell will play an important role in determining market direction.
When we examine the Dax40 index from a technical perspective, the lower point of the Envelope indicator is passing through the range of 22215 – 22370. The positive trend of the index continues above this region. Sustained movements above 22805 could create a new wave of upward momentum towards the 23000 level. However, if there is a reaction below the 22215 – 22370 range, caution is advised even if optimism persists.
U.S. natural gas futures have found support from the cold wave at the beginning of February, but the mild weather expected until mid-March negatively affects heating demand. This situation has led prices to test their lowest levels since mid-February. It is important to pay attention to the movements of European and U.S. markets throughout the day.
If prices remain below the resistance levels of 3,800 – 3,860, a downward trend may emerge. In potential declines, levels of 3,690 and 3,655 can be targeted. If a recovery occurs, it will be beneficial to monitor the status of the 3,800 – 3,860 resistance levels. Breaking through this resistance could bring levels of 3,940 to 4,000 into focus. The critical level of the day: 3,800 – 3,860.
Recent concerns about recession focused on the Fed have intensified with the U.S. inflation (CPI) data for February falling short of expectations. The Fed meeting scheduled for March 19 will be a critical turning point for market expectations. The FOMC Economic Projections and Chairman Powell's statements will provide an important roadmap for assessing currency trends in the second quarter. Additionally, ECB President Lagarde's remarks about inflation potentially fluctuating due to external shocks keep alive expectations for a quarter-point interest rate cut at the April meeting.
The recent declines in the Dollar Index indicate a tug-of-war between short-term sellers and medium-term buyers. Developments until March 19 could offer significant clues about the second quarter of the year. In the EURUSD pair, the 1.0760 level serves as critical support, while the 1.0920 level will be decisive for the sustainability of the upward trend. In the event of a potential reaction, 1.0760 emerges as the main support, and sustained movements below this level could introduce new pressure scenarios.
Recently, the increasing scenarios for Fed interest rate cuts were further strengthened by the inflation data in February falling below expectations. Our main focus will be the Fed decisions on March 19. Until that date, the FOMC Economic Projections and Fed Chairman Powell's messages will provide a crucial roadmap for guiding the expectations for currency pairs in the second quarter.
On the ECB front, Lagarde indicated that external shocks could make inflation volatile. While thoughts of a quarter-point interest rate cut for the April meeting persist, the ECB is cautious on this matter. It is critically important to monitor the macroeconomic indicators of the Eurozone and Germany leading up to the April meeting. Today, we will also be watching the Producer Price Index (PPI) data.
Currencies in emerging markets are following different trends against the US Dollar. Today, the weakest currency is the Peruvian Sol at 0.16%, while the strongest is the Philippine Peso at 0.18%. The Turkish Lira is positioned in the weak zone at 0.03%, trading at around 36.60 at the time of the USDTRY analysis.
When evaluating the USDTRY exchange rate in the short term, the lower point of the 1st Envelope indicator (purple), which is 36.40, is a critical level. As long as the rate remains above this level, it can maintain its optimism. In this case, the likelihood of moving towards 36.62, 36.67, and 36.72 increases. If the upper point of the 1st Envelope indicator exceeds 36.77, the current trend may strengthen and create new movement areas. Otherwise, a squeeze between 36.40 and 36.77 may be observed. No trend change is expected unless there is sharp news flow in TL terms. Key levels: 36.40 and 36.77.
President Trump warned that he would impose additional tariffs on EU products following the European Union and Canada's retaliation against trade barriers imposed by the US. Trade Secretary Lutnick announced that Trump would also apply customs duties on copper. Meanwhile, both general and core consumer inflation came in below market expectations. Amid rising uncertainty and concerns over falling inflation, gold prices continued their upward movement. Data on producer inflation and unemployment claims will be monitored throughout the day.
Gold is trading above the levels supported by the indicators being followed in the short term. As long as the precious metal remains priced above the 2907 – 2920 range, the desire for upward movement will continue. If positive movements persist, it may aim for levels of 2947 and 2955. However, if sustained pricing occurs below the 2907 – 2920 range, a desire for decline may emerge, potentially encountering levels of 2900 and 2890. Key level: 2907 – 2920 range.
Oil futures are showing a calm trend in the Asian session following the rise two days ago. The possibility of retaliation by Canada and Europe after the tariffs imposed by Trump negatively affects market risk appetite. However, the U.S. Energy Information Administration reporting a stock increase of 1.4 million barrels, which is below expectations, serves as a supporting factor for prices. Throughout the day, the situation in European and U.S. stock markets can be monitored.
As long as prices remain above the 67.00 – 67.50 support, an upward outlook may be possible. In case of potential rises, the 68.00 and 68.50 levels may be targeted. However, if prices drop, maintaining the 67.00 – 67.50 support could create new upward potential. To continue the decline, it is necessary to monitor movements and hourly closes below 67.00, which could bring the 66.50 and 66.00 levels into focus. The key level for the day is 67.00 – 67.50.
Oil futures exhibited a calm trend during the Asian session following yesterday's rise. The potential for retaliation by Canada and Europe after Trump's tariffs negatively impacted investors' risk appetite. However, the U.S. Energy Information Administration's announcement of a 1.4 million barrel increase in stocks supported prices. Throughout the day, the performance of European and U.S. markets may be closely monitored.
As long as prices remain above the support level of 70.30 – 70.70, the upward trend may continue. In case of potential increases, the target levels could be 71.50 and 72.00. In the event of a decline, maintaining the 70.30 – 70.70 support could create new upward potential. To sustain bearish sentiment, closures below 70.30 should be observed; in that case, levels of 70.00 and 69.50 could come into play. Critical levels for the day: 70.30 – 70.70.
US President Trump warned that additional tariffs would be imposed on EU products following the EU and Canada’s retaliation against trade barriers. Trade Minister Lutnick announced that Trump would also introduce tariffs on copper. Meanwhile, headline and core consumer inflation came in below expectations. Despite decreasing inflation concerns, rising uncertainty has limited recoveries in the NASDAQ100 Index. The technology sector saw increases of over 2% with companies like Nvidia, Tesla, Meta, Palantir, and Netflix. Producer inflation and unemployment claims will be monitored throughout the day.
The NASDAQ100 index is trading below the supported zone. In short-term pricing, the upward pressure in the 19600 – 19700 region, supported by the 21-period exponential moving average, may remain under pressure. If declines continue, movement towards support levels of 19350 and 19250 could occur. For upward pricing, 4-hour closes above 19700 are necessary; in that case, resistance levels of 19800 and 19900 can be monitored. The key level of the day: 19600 – 19700 region.
Recently, concerns about a recession alongside increasing scenarios for interest rate cuts by the Federal Reserve (Fed) gained traction after February inflation data fell below expectations. The Fed's decisions on March 19 will be a key focus in this matter. European Central Bank (ECB) President Lagarde indicated that external shocks could impact inflation, while the possibility of a quarter-point rate cut for the April meeting remains in the swap market, although the ECB is cautious about this.
The DAX40 index displayed a sideways trend this week, with a significant struggle over whether the declines have ended. From a technical perspective, the Envelope indicator critically marks the levels of 22370 and 22830. The index shows a neutral outlook between these levels; persistent developments outside this region are needed for clear movements. Otherwise, the trend of consolidation may continue. Key levels: 22370 and 22830.
U.S. natural gas futures continue to show a downward trend as weather forecasts for the second half of March indicate milder conditions compared to previous predictions, along with signs of recovery in production. Throughout the day, movements in European and U.S. markets, as well as stock data to be released by the U.S. Energy Information Administration, can be monitored.
If prices remain below the resistance levels of 4,100 - 4,170, a downward trend is expected to become more pronounced. In the event of a decline, levels of 4,000 and 3,940 can be set as targets. In cases of recovery, the status of the 4,100 - 4,170 resistance will be critical; breaking this resistance could lead to levels of 4,210 and 4,270 coming into focus. The key level of the day: 4,100 - 4,170.
The negative impacts arising from Trump's tariffs have increased expectations for a Fed interest rate cut, while the U.S. inflation data also supports this process. The FOMC Economic Projections on March 19 and the messages from Fed Chair Powell will set our roadmap for the upcoming period. Today, with the week's close, growth data from the UK and the Michigan Consumer Sentiment alongside inflation expectations from the U.S. are awaited.
The classic Dollar Index is currently witnessing a struggle between short-term sellers and medium-term buyers due to recent fluctuations. The Fed's decisions on March 19 and the developments leading up to that date will provide significant interpretive ground for the second quarter of the year. Particularly, the EURUSD pair is moving at critical levels, with an important balance observed between the support point of 1.0760 and the resistance of 1.0870.
The rising expectations for a Fed rate cut due to the negative effects of Trump's tariffs are supported by U.S. inflation data falling short of expectations. The March 19 FOMC Economic Projections and messages from Fed Chair Powell will outline our roadmap for this process. As we close the week today, growth data from the UK and Michigan Consumer Sentiment along with inflation expectations from the U.S. are in focus.
The classic Dollar Index has been fluctuating recently, with a struggle between short-term sellers and medium-term buyers. Evaluating the developments and their effects on the index before the March 19 Fed decisions is critical for the second quarter of the year. Meanwhile, optimism in the GBPUSD pair continues above 1.2810, with targets possibly set at the levels of 1.2990, 1.3030, and 1.3080.
On a day when the currencies of emerging markets varied against the US Dollar, the weakest currency was the Peruvian Sol, recorded at 0.21%, while the strongest was the Philippine Peso, standing out at 0.25%. The Turkish Lira, at a decline of 0.16%, positioned itself among the weaker currencies, indicating that USD/TRY was trading around 36.68 at the time of analysis.
In the short-term assessment of USD/TRY, the lower point of the 1. Envelope indicator (purple) stands out as a critical level at 36.45. If the exchange rate remains above this level, it may have the potential to move towards targets of 36.70, 36.76, and 36.81. Particularly, maintaining above 36.81 could strengthen the current trend, whereas otherwise, a consolidation phase may be observed in the range of 36.45 – 36.81.
US President Trump continually announces new regulations regarding tariffs. Following the European Union's implementation of a 50% additional tariff on whiskey exports from the US, Trump warned that he might impose a 200% tariff on alcoholic beverages originating from Europe. The producer price index falling below expectations has created optimistic views regarding inflation. With increasing uncertainty and fears of declining inflation, gold prices have reached record levels. Throughout the day, the University of Michigan's consumer sentiment and inflation expectations will be closely monitored.
Gold, a precious metal, is trading above levels supported by short-term indicators. As long as it stays above the 2947 – 2955 range, the upward momentum may continue. If positive movements persist, a rise towards the levels of 2993 and 3000 could occur. However, for a bearish sentiment to develop, it may be necessary to see sustained pricing below the 2947 – 2955 range.
Oil futures showed an increase during the Asian session. Although pressures on Venezuela and Iran are influential, the overall dynamics in the oil market still carry significant potential for downward pressure. Tariff policies and OPEC+'s plans to increase production are among the main factors affecting this situation. The movements of European and U.S. stock markets throughout the day should also be closely monitored.
Movements outside the 66.80 – 67.20 range in pricing processes may provide clues about the search for direction. Sessions below 66.80 could increase the desire for a decline, while levels of 66.50 and 66.00 may become targets. In potential recoveries, the 67.20 resistance should be monitored; surpassing this level could gain momentum towards the 67.50 and 68.00 levels. Critical levels for the day: 66.80 – 67.20.
Oil futures showed an upward trend during the Asian session. Although pressures on Venezuela and Iran have an impact, other developments affecting oil dynamics continue to have the potential to exert pressure on prices. The tariff agenda and OPEC+'s production increase plans are among the prominent factors in this process. Throughout the day, movements in European and US stock markets should be closely monitored.
If prices occur in the range of 70.00 – 70.50, the search for direction may become clearer. Closings below the 70.00 level could increase the desire for a decline, with 69.50 and 69.00 levels as potential targets. In potential recoveries, the status of the 70.50 resistance will be critical; surpassing this resistance could bring 71.00 and 71.50 levels into focus. Key levels for the day: 70.00 – 70.50.
President Trump continues to implement customs duties without slowing down. Following the European Union's imposition of a 50% additional customs duty on American whiskey exports, Trump warned that he would impose a 200% customs duty on alcoholic beverages originating from Europe. The unexpected drop in the producer price index heralded optimistic results regarding inflation. However, decreasing inflationary concerns combined with rising uncertainty have put pressure on the NASDAQ100 Index. Today, consumer sentiment and inflation expectations from the University of Michigan will be closely monitored.
The NASDAQ100 index is trading below the supported level indicated by the indicators we are tracking. From a technical analysis perspective, if the upward momentum continues in the 19500-19600 region, supported by the 21-period exponential moving average at 19548, a downward trend could persist. If declines continue, movements toward support levels of 19350 and 19250 may occur. For upward price movements, four-hour closures above 19600 may be necessary, with resistance levels of 19700 and 19800 to be monitored. Key level of the day: 19500 – 19600 region.
European stock markets, which have shown high performance since the beginning of the year, have given back some of their gains this week. Similar pressures in the US and Asia make it unsurprising that Europe is joining this trend. The DAX40 index, which has reacted optimistically with a response six times greater than the 2.50% deposit interest against 2.40% inflation since the beginning of the year, is striving for a positive trajectory this week. Today, growth data from the UK and consumer sentiment and inflation expectations from Michigan in the US are among the key agenda items.
The DAX40 is displaying a notable struggle with its weekly performance. From a technical analysis perspective, the Envelope indicator sets significant levels at 22370 and 22830. Recently, the index has shown a neutral appearance between these levels. For clearer movements, sustained exits from this range are necessary; otherwise, the index may continue to exhibit a tendency to consolidate within the current area. Important levels: 22370 and 22830.
US natural gas futures are attempting to recover due to a larger-than-expected decline in stocks, but they continue to face pressure as they have not surpassed the resistance level. Record production levels and mild weather forecasts for the second half of March are among the factors increasing this pressure. The status of European and US markets can be closely monitored throughout the day.
The prices remaining within the 4,100 – 4,170 resistance range suggest a prevailing downward outlook. In the event of a potential decline, levels of 3,940 and 3,860 may be targeted. If prices break through the 4,100 – 4,170 resistance, levels of 4,210 and 4,270 could come into play. The significant level for the day has been identified as 4,100 – 4,170.
In the new week, global markets are focused on the decisions to be made by the Fed. Other important meetings, such as those of the BoJ, BoE, and SNB, should not be overlooked. In particular, the forward-looking hints from central banks will play a crucial role in determining the value of local currencies against the US Dollar. Data from the US on Retail Sales, Germany's ZEW Economic Sentiment, Canada's CPI, and interest rates from China are also among the elements to be monitored.
The Dollar Index has been experiencing a volatile trend lately, leading to a struggle among short- and medium-term investors. Ahead of the Fed's decisions on March 19, the impact of these developments on the index is significant for evaluating the second quarter of the year. The 1.0760 level stands out as a critical support point for the EURUSD pair. If it can stay above this level, the pair may aim for the 1.0920, 1.0970, and 1.1015 levels.
In the new week, the main focus in global markets will be the decision made by the Fed. In this context, it should be noted that other developments, such as the meetings of the BoJ, BoE, and SNB, are also significant. Although no major changes in policy interest rates are expected, the hints provided by banks regarding the future are crucial for understanding the movements of local currencies against the US Dollar. Additionally, data such as Retail Sales from the US, ZEW Economic Sentiment from Germany, and CPI from Canada should be monitored.
The Dollar Index has shown fluctuations recently, indicating a conflict between short-term sellers and medium-term buyers. The impact of developments until March 19 is of great importance for the index in the second quarter of the year. Meanwhile, the GBPUSD pair shows short-term optimism above the 1.2855 level, which could create movement towards the 1.2945, 1.2990, and 1.3030 levels.
On a day when emerging market currencies varied against the US Dollar, the Colombian Peso was recorded as the weakest currency at 0.82%, while the Chinese Yuan emerged as the strongest currency with a 0.09% increase. The Turkish Lira, with a 0.10% decline, remains among the weaker currencies, trading close to the 36.67 level at the moment of the USDTRY analysis.
In the short-term evaluation of USDTRY, the lower point of the Envelope indicator (purple), at 36.43, stands out as a critical level. As long as the exchange rate remains above this level, it can maintain its optimism. This situation may open up movement towards significant resistance levels such as 36.70, 36.76, and 36.80. Otherwise, a consolidation may be observed in the 36.43 - 36.80 range. A trend change is not expected unless significant news emerges regarding the Lira.
While uncertainty regarding customs duties continues, geopolitical risks are on the rise. The attacks by the U.S. on the Houthis in Yemen will persist until the shipping assaults in the Red Sea are halted. Despite these developments, due to the horizontal movements in the Dollar Index, gold prices have shown fluctuations close to record levels. Important data such as retail sales and the NY Fed Empire State manufacturing index will be monitored today.
The spot gold is trading above the level supported by the indicators we are following in the short term. If it continues to stay above the 2965 – 2975 range, the desire for upward movement may persist. Should positive movements continue, a movement towards the 2993 and 3000 levels could emerge. However, if there are sustained price levels below the 2965 – 2975 range, levels of 2955 and 2947 may be tested.
Oil futures started the new week with a strong rise. The excessive buying experienced during the session faced profit-taking. New measures announced by China to increase demand and the U.S. order for strikes against the Houthis were among the key factors supporting this rise. The performance of European and U.S. stock markets should also be monitored closely throughout the day.
If prices remain above the 67.00 – 67.50 support levels, a bullish outlook may continue. In potential upward movements, target levels can be set at 68.00 and 68.50. However, in the event of a decline, maintaining the 67.00 – 67.50 support level could create new bullish potential.
Oil futures started the new week with a strong rise. However, it was observed that higher purchases during the session faced profit-taking. New measures announced by China to increase consumption and the U.S. order for attacks on the Houthis were among the significant factors supporting this rise. Throughout the day, movements in European and U.S. markets can be closely monitored.
If prices remain above the support level of 70.50 - 71.00, an upward trend may dominate. In anticipated rises, levels of 71.50 and 72.00 can be targeted. In potential declines, as long as the 70.50 - 71.00 support is maintained, a new upward potential may emerge. Movements below 70.50 should be monitored for continued declines.
Rising customs duties and increasing concerns about stagnation continue to suppress gains in the NASDAQ100. Additionally, the rise in US 10-year treasury yields creates an effect that limits the index's upward movements. Today, consumer sentiment and inflation expectations from the University of Michigan will be monitored.
The NASDAQ100 index is trading above the area supported by the indicators we are tracking. When we technically evaluate short-term pricing, as long as it remains above the 19600 - 19700 region supported by the 21-period exponential moving average, the upward expectation can remain strong. If the desire to rise continues, levels of 19900 and 20000 may be encountered. In an alternative scenario, if sustained below the 19600 - 19700 region occurs, a movement towards levels of 19500 and 19350 could take place.
Reports that Germany's new Chancellor Friederich Merz has reached an agreement with the Green Party on a financial package have paved the way for the rise of the Dax40 index. Significant increases observed particularly in defense industry firms placed them among the main sectors supporting the index. Additionally, monitoring the German Central Bank's end-of-month report is crucial today.
The technical analysis of the Dax40 indicates that the prices are trading above the levels supported by the indicators we are monitoring in the short term (13 and 50-period moving averages). As long as the Dax40 stays above the 23146 level, it is possible for us to maintain an optimistic outlook. If the upward trend continues, the levels of 23345 and 23497 may come into focus. However, if a persistent decline below 23146 occurs, negative expectations may arise. In declines, levels 22935 and 22754 should be monitored. The critical level of the day: 23146.
U.S. natural gas futures start the new week with a limited increase, while resistance levels remain valid. Geopolitical risk perception, particularly stemming from Ukraine and Yemen, continues to influence upward movements. On the other hand, mild weather forecasts in the U.S. emerge as a significant factor limiting price increases. Throughout the day, the status of European and U.S. markets can also be closely monitored.
If prices remain below the 4,100 – 4,170 resistance levels, a downward trend may be prominent. In the event of a decline, levels of 4,040 and 4,000 could be targeted. In case of a recovery, the situation regarding the 4,100 – 4,170 resistance should be observed; breaking this resistance may lead to levels of 4,210 and 4,270 becoming relevant. The critical level of the day: 4,100 – 4,170.
The Fed decisions starting this evening, along with potential revisions in economic projections and significant questions regarding market expectations, are at the center of the week. Whether interest rate cut expectations will be supported by the Fed, and President Powell's comments on risk definitions and the bank's strategy, will play a decisive role in the sudden reactions of asset prices. While a more dynamic process is expected tomorrow evening, today’s considerations also include the meeting between Putin and Trump, as well as data from Germany's ZEW Economic Sentiment and U.S. Industrial Production.
The Dollar Index is witnessing a struggle between volatility tendencies and short- to medium-term buyers. The impact of the March 19 Fed decisions is critical for the index in the second quarter of the year. While medium-term buyers remain optimistic above the 200-week average, short-term sellers are resisting below certain averages. The EURUSD pair's desire to stay positive in the 1.0760 – 1.0820 range is noteworthy, especially since the 1.0920 level serves as an important resistance point. These levels are crucial for a potential reaction sell-off or trend rally.
The Fed decisions starting this evening are highly anticipated in the markets. Potential changes in economic projections and expectations regarding interest rate cuts could impact asset prices alongside President Powell's statements. A more active process is expected tomorrow evening. Additionally, the meeting between Putin and Trump, as well as the ZEW Economic Sentiment data coming from Germany, will also be monitored.
The Dollar Index reflects the conflict between short-term sellers and medium-term buyers. The impact of the Fed decisions is critically important for market analysis. While medium-term buyers remain optimistic above the 200-week average, maintaining above the 1.2855 level in the GBPUSD pair could support upward movement. Key levels to watch are 1.2855 and 1.3030.
On a morning when emerging market currencies varied against the US Dollar, the weakest currency was the Hungarian Forint at 0.22%, while the strongest was the Peruvian Sol at 0.19%. The Turkish Lira was among the weaker currencies at 0.02%, with the USDTRY trading at 36.65 at the time of analysis.
When evaluating the USDTRY exchange rate in the short term, the lower point of the first Envelope indicator (purple) at 36.45 serves as an important support level. As long as the exchange rate remains above this level, it has the potential to rise towards resistances at 36.70, 36.76, and 36.82. However, a consolidation process may be observed between 36.45 and 36.82. A trend change in the exchange rate is not expected unless there is sharp news flow in TL terms.
Retail sales in the U.S. and the NY Fed Empire State manufacturing index falling short of expectations are raising recession concerns. Meanwhile, as the conflict between the U.S. and Houthi rebels in Yemen escalates, Trump's association of the Houthis with Iran and Israel's attacks on Gaza are increasing the perception of geopolitical risks. This situation is paving the way for gold prices to reach record levels.
The precious metal is currently priced above levels supported by indicators we are monitoring in the short term. As long as gold remains above the 2985 – 2993 range, it can sustain its upward trend. If positive movements continue, an increase toward the 3025 and 3035 levels may occur. However, if persistent pricing below the 2985 – 2993 range is seen, levels around 2975 and 2965 may come into play.
Oil futures showed an increase during the Asian session. However, due to the pullback from the previous day, efforts to reach new peaks have not yet been successful. The United States' statement holding Iran responsible for potential attacks by the Houthis and opinions suggesting that a ceasefire in Ukraine will not be easy are among the significant headlines affecting market gains. The status of European and U.S. stock markets will also be closely monitored throughout the day.
Prices may exhibit an upward trend as long as they remain above the support level of 67.00 – 67.50. If upward movements occur, levels of 68.00 and 68.50 could be targeted. In the event of possible declines, maintaining the support level of 67.00 – 67.50 could create new upside potential. Therefore, it is essential to monitor movements below 67.00 for continued declines; in such a case, the level of 66.50 may come into focus.
Oil futures are rising in the Asian session, but yesterday's pullback is preventing new highs. U.S. statements holding Iran responsible for potential attacks on the Houthis and the difficulties of the ceasefire in Ukraine are among the key issues affecting the market. Throughout the day, the performance of European and U.S. stock markets should also be closely monitored.
If prices remain above the support level of 70.50 – 71.00, an upward outlook may continue. Target levels for rises could be 71.50 and 72.00. However, in the case of potential declines, if the 70.50 – 71.00 support is maintained, new upside potential could emerge. It is crucial to monitor movements and hourly closes below 70.50 for continued declines, in which case the 70.00 level may come into focus.
Retail sales in the U.S. and the NY Fed Empire State manufacturing index reported lower-than-expected results, raising concerns about a recession. Treasury Secretary Bessent finds market corrections healthy but has acknowledged the ongoing risks of a slowdown. These developments, along with continued declines in U.S. 10-year Treasury yields, have paved the way for gains in the NASDAQ100 Index.
The NASDAQ100 index continues to trade above the region supported by the indicators we are monitoring. When we technically assess short-term pricing, as long as it remains above the 19700 – 19800 region supported by the 21-period exponential moving average, upward expectations are likely to dominate. If the upward movement continues, levels of 20000 and 20150 may be encountered. However, for a negative trend, sustainability below the 19700 – 19800 region will be necessary.
Reports indicating that Germany's new Chancellor Friederich Merz has reached an agreement with the opposition on the financial package contributed to the rise of the Dax40 index. Significant increases, particularly in defense industry companies, were among the main sectors driving the index. Today's vote will exempt defense spending from debt limits and establish a €500 billion infrastructure investment fund. Throughout the day, the Euro Trade Balance may also be closely monitored.
From a technical perspective, short-term moving average indicators (13 and 50 periods) for the Dax40 are trading in a supportive zone. As long as the Dax40 remains above the current level of 23146, it maintains a positive outlook. If the upward momentum continues, levels of 23497 and 23720 may come into play. However, in the event of potential pressure, monitoring the support level of 23146 is crucial. During pullbacks, levels of 22935 and 22754 should be observed. The key level for the day is 23146.
U.S. natural gas futures continue to be under pressure due to weather forecasts that do not support heating demand and the impact of record production throughout the rest of March. Movements in European and U.S. markets can be monitored during the day.
As long as prices remain below the resistance range of 4.040 – 4.100, a downward trend may be more prominent. In potential declines, levels of 3.940 and 3.860 may be targeted. Additionally, if the 4.040 – 4.100 resistance is broken, levels of 4.150 and 4.210 could come into play. The key level for the day is the 4.040 – 4.100 range.
The Bank of Japan (BoJ) kept its policy interest rate unchanged at 0.50% this morning. The decisions from the Fed, to be announced later this evening, are emerging as the week's most significant agenda item. Possible revisions in economic projections and the anticipated interest rate cuts by the market are among the factors that could impact asset prices. President Powell's risk assessments and statements regarding the bank's future will also be closely monitored.
The Classic Dollar Index is witnessing a struggle between short-term sellers and medium-term buyers. While medium-term buyers maintain optimism above the 200-week average, short-term sellers are showing resistance below certain levels. In the EURUSD pair, the 1.0820 area stands out as an important support point. Persistent movements below this level could introduce new pressure scenarios.
The Bank of Japan (BoJ) took a significant step this morning regarding monetary policy by maintaining the interest rate at 0.50%. The decisions from the Fed, which will be announced later in the evening, stand out as the most important development of the week. Possible changes in economic projections, the two rate cuts anticipated by the market, and Chairman Powell's risk assessments are among the factors that could impact asset prices. Therefore, a more dynamic market process is expected in the evening.
The classic Dollar Index is drawing attention due to volatility trends, with a struggle observed between short- and medium-term investors. The Fed's decisions on March 19 are critical for evaluating the second quarter of the year. Meanwhile, optimism persists above the 1.2945 level in the GBPUSD pair, potentially creating room for movement towards the 1.3030, 1.3080, and 1.3130 levels.
A remarkable morning is unfolding with the performance of emerging market currencies against the US Dollar. The Polish Zloty is the weakest currency, declining by 0.20%, while the Malaysian Ringgit is recorded as the strongest, appreciating by 0.29%. The Turkish Lira, on the other hand, is in a weak position with a 0.05% loss, trading near the 36.70 level during the USDTRY analysis.
In the short-term USDTRY evaluation, the 36.49 level stands out as a significant support point. As long as the exchange rate remains above this level, optimism can be sustained. There is potential to reach target levels such as 36.76, 36.81, and 36.86. However, it is noted that a squeeze may occur between 36.49 and 36.86, and a trend change is not expected unless there is sharp news flow in TL terms.
As the conflicts involving the Houthis in Yemen and the U.S. continue, Israel's attacks on Gaza have led to an increase in geopolitical risks. Putin agreed to halt attacks on Ukraine's energy infrastructure but rejected Trump's 30-day ceasefire proposal. This situation has kept the perception of geopolitical risks high, amid concerns of uncertainty and stagnation, while gold reached a new record level at 3035. The Fed's monetary policy announcements can also be monitored throughout the day.
The precious metal is trading above the levels supported by the indicators we are watching in the short term. Gold can maintain its positive trend as long as retracements are limited within the 3005-3015 range. In upward movements, levels of 3045 and 3060 can be observed. For a negative outlook to form, 4-hour closes below 3005 are required; in that case, support levels of 3000 and 2993 may come into play. Important Level: 3005-3015 range.
Oil futures fell following an agreement between Trump and Putin to halt energy and infrastructure attacks in Ukraine. However, Russia rejected the 30-day ceasefire. While this development brings Russia closer to the global market, it is viewed as a pressure factor in the markets. Additionally, the American Petroleum Institute reported a 4.6 million barrel increase in stockpiles, which also played a significant role. Today's stock data from the U.S. Energy Information Administration and the Fed's monetary policy statement will be closely monitored.
As long as pricing remains below the 67.00 – 67.50 resistance, a bearish trend may emerge. In potential declines, levels of 66.00 and 65.50 can be targeted. Furthermore, unless the 67.00 – 67.50 resistance is surpassed, new downward potential may arise. For upward movement, movements and hourly closes above 67.50 should be observed; in this case, the 68.00 level may come into focus.
Oil futures declined following the agreement between Trump and Putin to halt energy and infrastructure attacks in Ukraine. However, Russia rejected the 30-day ceasefire. This development is being monitored as a pressure point, despite Russia's increased engagement in the global market. The American Petroleum Institute's announcement of a 4.6 million barrel increase in stocks was another factor putting pressure on the market. Stock data to be released by the U.S. Energy Information Administration and the Federal Reserve's monetary policy statements will be monitored throughout the day.
If prices remain below the resistance levels of 70.50 – 71.00, a downward trend may emerge. Potential declines could target the levels of 70.00 and 69.50. In the event of recoveries, if the resistance at 70.50 – 71.00 holds, new decline potential may arise. Continuation of the upward trend requires closing above 71.00; in this case, the level of 71.50 may come into play. Key Level: 70.50 – 71.00.
Trade tensions and concerns about a recession in the U.S. continue. Treasury Secretary Bessent stated that while the U.S. economy remains fundamentally strong, the possibility of a recession cannot be ignored. This situation has led to pressure on the recent gains of the NASDAQ100 Index, particularly impacting technology stocks, with companies like Nvidia, Meta, Netflix, Palantir, Broadcom, and Tesla leading the declines. Additionally, the Fed's monetary policy announcements may be monitored throughout the day.
The NASDAQ100 index is trading within a region supported by the indicators we are following. When evaluated technically, as long as it stays within the range of 19600 – 19800, supported by the 21-period exponential moving average, the scenario of a decision phase remains valid. For positive expectations to strengthen, sustained pricing above the 19800 level may be necessary.
The German Federal Assembly approved a groundbreaking financial package, contributing to the Dax40 reaching record levels. This development helped Dax40 maintain its upward trend, outpacing other stock indices in Europe. Additionally, it was announced that a limited 30-day ceasefire agreement was reached during talks between U.S. President Trump and Russian President Putin regarding the Russia-Ukraine war.
Looking at the technical analysis of Dax40, we see that the index is priced above the 23351 level. Maintaining this level allows for continued positive expectations. If the upward trend persists, targets can be set at the 23720 and 23938 levels. However, if it falls below 23351, a potential pullback may be expected.
U.S. natural gas futures are showing signs of recovery due to strong performance in liquefied natural gas exports and weak production news. In the Asian session, however, the markets are mostly following a sideways trend. The movements of European and U.S. stock markets may be closely monitored throughout the day.
Pricing may occur in the range of 4.040 – 4.120, and hourly closes at these levels could determine the market's search for direction. Movements below 4.040 may increase the desire for decline, targeting the levels of 4.000 and 3.940. In potential recoveries, the resistance at 4.120 will play a critical role; breaking through this level could bring 4.160 and 4.210 into focus. Key levels for the day: 4.040 – 4.120.
The Federal Reserve continues to guide the markets with its anticipated interest rate decision. By keeping the federal funds target rate stable at a range of 4.25% - 4.50%, it has attracted the attention of investors. Additionally, information emerged that the monthly sales of treasury securities would drop from $25 billion to $5 billion in April. Economic projections include changes in growth and inflation forecasts for 2025.
Fed Chairman Powell emphasized the need to monitor goods inflation to assess its impacts on inflation. He noted that the balance in the labor market remains intact, but if it weakens, steps towards easing could be taken. A decline in the Dollar Index has been observed, leading to an increase in the EURUSD and GBPUSD pairs. Today, decisions from the central banks of the UK and Switzerland are awaited.
The U.S. Federal Reserve (Fed) announced its highly anticipated interest rate decision, keeping the federal funds target rate between 4.25% and 4.50%. Notably, starting in April, the monthly sales of treasury securities will decrease from $25 billion to $5 billion. In its economic projections for 2025, the Fed revised its growth forecasts downward while adjusting PCE inflation and unemployment rates upward.
Fed Chairman Powell stated that they will monitor the labor market's condition to assess potential impacts on inflation. Following the Fed's decisions, the Dollar Index weakened, while an increase was observed in the EURUSD and GBPUSD pairs. Today, the decisions from the central banks of the UK and Switzerland are eagerly awaited. In particular, sustained movements above the 1.2945 level in the GBPUSD pair could help strengthen upward momentum.
On a day when the currencies of emerging markets moved in different directions against the US Dollar, the strongest currency was the Malaysian Ringgit, while the Turkish Lira displayed the weakest performance. Due to political developments, the depreciation of the Turkish Lira accelerated, drawing attention with the USDTRY reaching the 41 level. It seems that the Central Bank of the Republic of Turkey's intervention has stabilized the movement around the 38 level. The impact of domestic political events on the pricing of TL assets should be monitored closely.
In the short term, the USDTRY exchange rate shows the 144-period average (36.56) as a key support level. The exchange rate may exhibit a positive outlook above this average. An upward movement towards 38.06, as well as levels of 38.31 and 38.74, can be observed. The status of the 39.26 level is crucial in determining whether a rally towards the 41.02 peak will occur. Additionally, the break of the 37.59 interim support zone should be considered for a potential reaction movement.
The Fed is expected to keep the policy interest rate steady while anticipating two rate cuts by the end of the year. This development has put pressure on the Dollar Index, while gold prices have reached a new record. Additionally, increasing geopolitical risks in the Middle East are supporting this situation. Throughout the day, data such as unemployment claims, the Philadelphia Fed manufacturing index, and existing home sales can be monitored.
Spot gold is trading above levels supported by the indicators we are watching in the short term. If declines are limited in the 3025 – 3035 range, the likelihood of the positive trend continuing increases. In upward price movements, levels of 3065 and 3075 can be observed. For a negative outlook, four-hour closes below 3025 are required; in that case, support levels of 3015 and 3005 may come into play. The key level for the day is the 3025 – 3035 zone.
Oil futures have risen due to the increasing geopolitical tensions from Israel's attacks on Gaza and the U.S. operations against Houthi targets. However, the rise is being limited by the increase in crude oil inventories in the U.S. Monitoring market developments may be important for understanding the trends in European and U.S. stock markets.
If prices continue to stay above the 67.00 support level, upward movements can be expected. In this scenario, 67.50 and 68.00 levels are among the potential targets. However, if a decline occurs and the 67.00 support is maintained, a new opportunity for an upward trend may arise. Careful monitoring of closures below 67.00 is essential for continued declines, as this could lead to a drop to the 66.50 level. The critical level of the day: 67.00.
Crude oil futures are rising amid increased tensions due to Israel's attacks on Gaza and the U.S. operations targeting Houthi positions. However, the rise has been limited by the increase in crude oil stocks in the U.S. Today, the performance of European and U.S. markets should be closely monitored.
If prices remain above the support level of 70.75 – 71.00, an upward movement may continue. Potential increases may target levels of 71.50 and 72.00, while any declines could see the support of 70.75 - 71.00 hold, providing a new opportunity for a rise. However, closings below 70.75 could enhance the desire for a decline, bringing levels of 70.50 and 70.00 into focus. The critical level for the day is 70.75 – 71.00.
The Fed has forecasted two interest rate cuts by the end of the year while keeping the policy rate stable. This development has led to a decrease in U.S. 10-year Treasury yields and supported increases in the NASDAQ100 Index. At the close of the day, stocks like Tesla, Broadcom, and Netflix rose by over 3%, contributing to the upward movement. Data such as unemployment claims, the Philadelphia Fed manufacturing index, and existing home sales can be monitored throughout the day.
The NASDAQ100 Index is trading above the levels supported by the monitored indicators. In short-term pricing, as long as it stays within the range of 19800 – 19900, supported by the 21-period exponential moving average, the desire for an upward movement may continue. If positive movements persist, there could be potential for a rise towards the levels of 20090 and 20200. However, sustained pricing below this region is necessary for a desire to decline.
The Dax40 index exhibited a volatile trajectory on Wednesday as investors responded to historic political reforms in Germany and developments regarding a ceasefire in Ukraine. Supported by financial reforms and a decrease in geopolitical risks, the index is maintaining its upward trend despite some pressure from the Fed's decision to keep interest rates unchanged. Key data points throughout the day include the German Buba Monthly Report, ECB President Lagarde’s speech, and Consumer Confidence figures.
From a technical perspective, the Dax40 is trading above the levels supported by short-term moving averages (13 and 50 periods). Our positive outlook increases as long as the Dax40 remains above the 23,351 level. If the upward trend continues, the levels of 23,720 and 23,938 may be considered. However, a sustained drop below 23,351 could lead to a bearish outlook.
U.S. natural gas futures continued their recovery efforts driven by strong increases in liquefied natural gas exports and news of production declines. During the Asian session, prices remained stable. Throughout the day, movements in European and U.S. stock markets, as well as inventory data to be released by the U.S. Energy Information Administration, will be closely monitored.
As long as prices stay above the support level of 4.120 – 4.160, an upward trend may be observed. In the event of potential rises, targets could be set at the levels of 4.270 and 4.330, while a close below the support level could bring the 4.040 level into play. Therefore, the range of 4.120 – 4.160 is considered critical for the day.
We are at the end of a trading week, awaiting decisions from four major central banks (Fed, BoE, BoJ, and SNB). During this process, the US Dollar is showing a tendency to strengthen against the Euro and Pound, leading to pullbacks in the currency pairs. Whether this pullback will turn into a rally will depend on the outcomes of macroeconomic data and the messages from central bank officials.
The classic Dollar Index is witnessing a struggle between short-term sellers and medium-term buyers, characterized by volatility. For medium-term buyers, we need to analyze pricing behavior outside the 200-week average (102.35), while for short-term sellers, the focus is on the 34 and 233-day averages (105.10). Recent developments may provide important insights regarding potential pressure or an ongoing positive rally in the EURUSD and GBPUSD pairs.
We are on the last trading day of the week, following the decisions of four major central banks (Fed, BoE, BoJ, and SNB). The US Dollar has strengthened somewhat against the Euro and the Pound, while pullbacks are observed in the currency pairs. Whether these pullbacks will turn into a rally will be determined by macroeconomic data and the messages from central bank officials.
The classic Dollar Index is witnessing a struggle between short-term sellers and medium-term buyers due to its recent volatility. Price movements outside the critical 200-week average (102.35) for medium-term buyers and the significant 34 and 233-day averages (105.10) for short-term sellers will be decisive for market direction. The proximity to the 200-week average should be closely monitored for its impact on the EURUSD and GBPUSD pairs.
In emerging markets, variations in currencies against the US Dollar are being observed. Today, the strongest currency is the Peruvian Sol, while the Turkish Lira is in the weakest position, down 0.45%. Domestic political developments are accelerating the depreciation of the Turkish Lira, with the USDTRY rate rising to 41. It has been noted that this movement has stabilized at the 38 level due to the intervention of the Central Bank of the Republic of Turkey (TCMB). Additionally, the TCMB's increase of the overnight lending interest rate to 46% has limited declines in the Dollar/TL to 37.59.
In the short term, the 144-period average of the USDTRY rate (ranging between 36.56 and 36.75) stands out as a key support point. The exchange rate may attempt to remain above this average. Alongside the 38.06 level, targets of 38.30 and 38.50 carry upward potential. The status of the 38.06 level will be an important indicator for the market, while breaking the intermediate support region at 37.59 is critical for a potential reaction.
Despite the increasing geopolitical risks in the Middle East, a decline in gold prices per ounce is being observed. The continued rise of the Dollar Index, following the Federal Reserve's statements and the absence of new risk factors, is putting pressure on gold prices. The statements made by FOMC member Williams during the day may be closely monitored.
The precious metal is trading in a region supported by indicators we are tracking in the short term. The maintenance of gold prices between 3025 and 3035 keeps the decision-making scenario valid. For a positive outlook, sustained pricing above the 3035 level is necessary. In potential recoveries, the 3045 and 3055 levels may come into play, while for negative expectations to take effect, it may be essential to maintain levels below 3025.
Crude oil futures are rising due to the United States' pressures on Iran's oil exports and increasing geopolitical risk factors. Additionally, plans by some OPEC+ members to cut production in order to compensate for violations of production quotas support the price increase. The movements of European and US stock markets during the day should also be closely monitored.
As long as prices stay above the 67.50 - 68.00 support levels, an upward outlook may prevail. If prices rise, levels of 69.00 and 69.50 could be targeted. However, maintaining the 67.50 - 68.00 support levels is crucial for the emergence of new upward potential in the case of possible declines. To sustain the downward pressure, movements below 67.50 and hourly closures will need to be observed, which could bring the 67.00 level into focus.
Crude oil futures are rising due to the U.S. pressure on Iran's oil exports and increasing geopolitical risks. Additionally, plans by some OPEC+ members to reduce production to compensate for violations of production quotas are also supporting this increase. Throughout the day, the condition of European and U.S. stock markets should be monitored closely.
If prices remain above the support levels of 71.50 - 72.00, an upward trend may emerge. Potential upward targets could be the 72.50 and 73.00 levels. However, if declines occur and the 71.50 - 72.00 support is maintained, a new upward potential could develop. In this context, it is important to monitor movements below 71.50 and hourly closes; in such a case, the 71.00 and 70.50 levels may come into focus.
Following the Fed statement, the rise of U.S. 10-year Treasury yields to 4.25% led to declines in the NASDAQ 100 Index. However, this decline indicates limited changes in the spot market. Shares of leading companies such as Nvidia, Microsoft, Apple, Tesla, Amazon, Google, and Meta showed fluctuations of less than 1%. In the futures markets, there is a view that the index's declines are limited. The speech by FOMC member Williams during the day will be monitored.
The NASDAQ 100 index is trading at a critical level supported by the indicators we are watching. In short-term pricing, maintaining the 19800 – 20000 range supported by the 21-period exponential moving average may play an important role in the decision-making phase. To strengthen positive expectations, sustained pricing above 20000 will be necessary.
Lagarde warned that the proposed 25% U.S. tariffs on European imports could reduce growth in the eurozone by 0.3 percentage points in the first year. Retaliatory tariffs could deepen this effect by up to 0.5 points. Europe announced that it has postponed retaliatory measures against U.S. tax tariffs, and this uncertainty negatively impacted the Dax40 index.
The Dax40 is trading within a range supported by the indicators we are monitoring in the short term. As long as it continues to price between the levels of 23351 and 23146, the decision-making phase scenario remains valid. Sustained movements above the 23351 level are necessary for strengthening positive expectations. In potential recoveries, levels of 23497 and 23720 may come into focus, while maintaining a position below 23146 is crucial for negative scenarios.
U.S. natural gas futures have come under selling pressure due to expectations of rising stocks. Although liquefied natural gas exports continue strongly, recent reports of production declines have intensified the pressure, coinciding with March's production exceeding February's record. Movements in European and U.S. markets should be closely monitored during this process.
As long as prices remain below the 3,940 – 4,000 resistance level, a downward trend may prevail. In potential pullbacks, levels of 3,860 and 3,800 can be targeted. To maintain upward potential, it is important to monitor movements and hourly closes above 4,000; in this case, the 4,040 level may come into play. The critical level of the day is: 3,940 – 4,000.
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