In Dax, both the channel top and the RSI-MACD divergence hint us that the selling will start soon. As long as the 12.317 resistance is not broken, our target levels down below will be 12.106 and 12.037, respectively.
We expect selling to accelerate if the triangle in the GBP/CAD parity breaks downward. Selling can occur to the line of support below that we show in the yellow. Our target level will be 1.6930 if the 0.7315 level is exceeded.
The GBP/USD parity retreated from the top of the channel last week to a critical support level of 1.2975. If the 1.2975 level breaks, we can see hard sell in the parity. Our target point will be 1.2780
The broadening formation which occurs for some time in oil, was broken upwards and started a new upward movement. As long as there is no break at 63.50 below, our target point will be 67.70 resistance.
On a daily basis, we are testing 1.0130, which is a critical point of resistance in the USD/CHF parity at the top of the rising triangle. If this point breaks, we can say that a strong rise will begin. The target point above is 1.0327.
The parity has returned to its main sales trend. The sales have resumed today after the bottom of the channel broke in the parity which has seen seen a short-term rise. In parity, our target points will be 1.1180 and then 1.1060
After the U.S. 10y bond yield rose to 2.57%, the departures from safe-haven currencies have started. In this context, we are expecting a strong uptrend to 114.40 in USD/JPY parity with breaking 112.30 resistance level.
We believe that the upward trend started with the breaking of the channel on an hourly basis. In particular, we are expecting the purchases to accelerate after breaking the 111.35 level. Our first target point will be 112.00.
The recent triangular structure in parity continues. If the bottom of the triangle which is 1.2978 is broken, the sales pressure will increase and our first target point in the parity will be 1.12785 support. Breaking of the 1.2978 is also very important as it means breaking the upward trend.
If the upper band of the triangle which is 1.3190 is broken, the target...
The recent rise in global stock markets has led Dax to the top of the channel. We're expecting a drop in Dax soon.
If channel level 11.990 is broken in Dax, a fake move can be observed up to 12.140. In downward movements, we will have target levels of 11.850 and 11.690 supports.
It could not break the critical resistance zone of 1.1250. The purchase pressure seen in DXY is lowering the pair down. Especially if the 1.1184 level breaks, our target point in the parity will be 1.1090.
The upper band of the downstream channel, the 0.7130 level, is quite critical. If this level is broken, we can say that buying in the parity will gain momentum. 0.7200 resistance can be tested above 0.7130 level. In the parity in which we expect more sales, our target points below will be 0.7065 and then 0.6980.
The sales pressure has increased following the breaking of our rising support line in parity. We expect the pair sales to accelerate. Our target levels in the pair will be 0.6710 and 0.6590 afterwards.