NASDAQ 100
The NASDAQ 100 has delivered another strong week, but the key question now is whether it can sustain further upside momentum. Despite the gains, the market remains highly volatile and choppy, making it difficult to confidently chase prices at these elevated levels.
I believe dips will present buying opportunities that many traders will look to capitalize on, but for now, patience is essential. When a market is this strongly bullish, it can be challenging to navigate effectively.
USD/JPY
The US dollar dropped sharply against the Japanese yen on Thursday amid intervention, but overall, the market likely needs to stabilize before traders feel confident enough to start buying the dollar again.
Ultimately, the Japanese central bank has limited ability to keep the yen stable. Japan’s heavy debt burden makes it extremely difficult to sustain higher interest rates. As a result, I expect the market to reverse course and move back toward previous highs.
EUR/USD
The euro dipped early on, then rebounded, but ultimately surrendered much of its gains by the end of the week, reflecting ongoing choppy and erratic price action.
Given this setup, it appears that the 1.18 level marks the start of a significant resistance zone, likely extending up to around 1.1850. On the downside, the 1.1650 level remains a key area to watch, with a break below potentially opening the door toward 1.15.
BTC/USD
Bitcoin initially declined during the week but later rebounded, showing signs of recovery. As a result, the formation of a weekly hammer isn’t particularly surprising, given the strong resilience the market has consistently demonstrated.
It has climbed for most of the conflict, which is likely the first clear indication that something meaningful is happening beneath the surface. Bitcoin now appears to be targeting the $84,000 level, though reaching it will likely be a tough battle rather than an immediate move.
USD/CAD
The US dollar has traded in a choppy manner against the Canadian dollar this week, remaining within a well-established range. The 1.35 level continues to act as support, while the 1.3750 level serves as resistance above.
Friday saw a modest rebound from the lower end of the range, reinforcing the idea that “buy the dip” behavior may continue—at least until price breaks above the 1.3750 level. If that resistance is cleared, the upside could accelerate significantly, potentially pushing toward 1.40 over time, though such a move is unlikely to happen quickly.
Gold
Gold initially declined during the week, attempted a rebound, but then pulled back again. Overall, the $4,600 level appears to be a key area that traders will continue to watch closely.
This level has repeatedly proven significant in the past, and that’s unlikely to change anytime soon. That said, a break below the week’s low could open the door for a move down toward the $4,200 level.
Crude Oil
Crude oil has been highly volatile again this week, with markets remaining broadly noisy and unpredictable. Prices are largely being driven by the latest headlines from the Middle East, Washington D.C., and Tehran, leaving the market heavily influenced by geopolitical developments.
Given the situation, it’s nearly impossible to analyze or predict the next move in such a chaotic environment. Over the longer term, however, the only clear takeaway is that prices are likely to maintain a higher floor than they have in the past.
GBP/USD
The British pound showed strength for most of the week, though a late pullback has raised doubts about how sustainable the rally may be.
Given enough time, the market will likely make another attempt to reach the 1.37 level, though it may take a while to get there. After all, this has been a significant level over the past several months.
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