The expected downtrend in silver has materialized, with prices falling to the 30 level. Currently, after losing the 32 level, which was acting as an ascending support, the price has moved towards the major support at 29.80. A rebound was observed from this level. On the 5-hour chart, a descending channel structure is visible. If […]
Gold entered a pullback phase after testing the 2790 peak. With the breakdown of the 2710 support level and confirmation of the downtrend, the price saw a decline down to the 2628 support level. Further pullbacks appear likely from this level. Buyers may step in and trigger a rebound around this area; however, a loss […]
Currently, a descending channel structure has formed in silver prices from the 34.79 level. While the price may experience some retracement within this structure, potentially declining to the 33 level, if it recovers and breaks the 34 level, targets at 34.98 and 36 could come back into play. Additionally, on the daily and 4-hour charts, […]
The GBPCAD pair is progressing within an ascending channel and is currently testing the descending resistance zone. If this level is surpassed, the uptrend in the pair is expected to continue. In case of potential pullbacks, the 1.7880 support level stands out as a critical level to watch. This level serves as an important anchor […]
BIST100 Index Technical Analysis The BIST100 index continues its downward trend, influenced by recent macroeconomic developments and market dynamics. Moving within a short-term descending channel, the index is approaching critical levels that need close attention. At this point, the 9,083 level stands out. Strong and high-volume closures above this level could signal a trend reversal […]
Gold has dazzled investors by reaching a new all-time high! The precious metal, which has been closely following a descending channel pattern for a long time, broke through it with strength and gained momentum as determined buyers stepped in. In line with our expectations, gold has reached the 2740 resistance level, achieving yet another target. […]
The GER40 index continues its strong uptrend by testing a new all-time high at the 19,617 level. At this point, the key resistance level to watch closely is 19,900. This level also represents a zone where sellers are concentrated, making potential profit-taking likely in this area. For investors, taking profits around this zone could be […]
The USD/JPY pair, after gaining momentum from the strong support level of the descending channel structure, has continued its uptrend and finally reached the critical 150.00 target zone. This area stands as a major resistance for the pair. If USD/JPY can re-enter the ascending channel and maintain a stable price action, the upward potential towards […]
XAU/USD has rebounded strongly from the support of its descending channel, testing the 2640 resistance level once again. Breaking this critical level could allow gold to reach a new all-time high (ATH) and continue its upward trend for a while longer. Especially if it can maintain stability above this resistance zone, gold’s upward movement could […]
ETHUSD has broken out of its ascending channel structure, continuing the potential selling pressure. Currently, ETHUSD is trading around the 2400 level after losing its horizontal major support. The key support and strong buy zone to watch is the 2100 level. For the uptrend to continue on the ETH side, it needs to make high-volume […]
