The dollar has reached key support levels against both the euro and the pound, where some buying interest has already emerged. As a result, the charts are increasingly pointing to the possibility of a corrective rebound. On a broader timeframe, however, there are still no clear signs of a sustained weakening trend in the dollar. Following a period of weak performance, the forint has reached a resistance zone, where buying activity is once again evident against its major currency pairs; thus, a sideways, range-bound movement still appears likely. Although the USD/JPY exchange rate managed to rise, it continues to trade within a downtrend, so a trend reversal is still some time away. For this to happen, it is important that the exchange rate does not hit a new low. Following its rise, the EUR/CHF is undergoing a strong retest, so its long-term uptrend may now depend on key levels.
7.5% deficit is projected for 2026, and 5.2% for next year, as the effect of previous tax cuts new spending measures build up, while one-off expenditures fall out in 2027.
Gold and silver continued their correction and even dropped below key support levels, so it’s best to postpone buying for now. The price of oil has narrowed significantly between the $87.50 level and the trend line, so any significant movement will likely require a breakout from this zone. Natural gas has retested its uptrend line, but buyers continue to show strength.Copper appears to be developing a broader trading range, making oversold and overbought zones potentially more attractive for trading opportunities. Wheat and corn continue to trade in a correction phase, while moving closer and closer to their key support levels.
The correction continued this week, with the price even testing the 4,062 level, which was halted by the natural support level but not reversed on a sustained basis. As long as it remains below the red trendline, it is worth waiting for a reversal. A new low is also possible, with strong support expected around 3,906.
Resistance levels: 4,688; 4,843; 4,923; 5,000.
Support levels: 4,062; 3,906; 3,750.
The correction phase continued due to the new swing low. Since the curve broke through the key support level of 62.5, the buy signal is on hold for now. As long as it remains below the downward trend line, it is not recommended to bet on a rise. The previous low, around 56.25, could be the next key level to watch.
Resistance levels: 75; 81.25; 87.5; 93.75; 100.
Support levels: 56.25; 53.13; 50.
The price range is very narrow, squeezed between 87.5 and the corrective trendline. If the price can break above 87.5 and break through the downward trendline, that could be a good entry point for a long position. If the correction continues lower, the timing of the reversal could be postponed by several weeks. As long as the red downtrend line is not broken, going long does not seem like a good idea.
Resistance levels: 106,25; 112,5; 118.75; 125.
Support levels: 87,5; 81.25; 75.
The downtrend broke a month ago, and an uptrend has begun. Even after last week’s retest, we are seeing strong buying interest. Both 3.51 and 3.9 appear to be within reach.
Resistance levels: 3.125; 3.906; 4.688; 6.25; 7.04; 7.81.
Support levels: 2.714; 2.344; 1.953.
In recent weeks, the exchange rate has moved into a wider range. However, strong resistance may be found above 7.04, while stronger support could extend between the 5.85 and 6.04 levels, which may already constitute a buying zone. Trades can be initiated at oversold and overbought levels.
Resistance levels: 7.03; 7.81
Support levels: 6.25; 6.04; 5.85; 5.66; 5.46; 5.27.
The correction has so far remained above the expected key retest level. This trend could still be suitable for seeking long positions, provided it does not fall below the 656 level. It may still be in a narrowing phase, so it’s worth waiting for a buy signal. There is also room for an upward move, as resistance is only found around 750.
Resistance levels: 781; 813.
Support levels: 656; 625; 562; 531; 516; 500.
It continues to move within a correction phase, which shows a narrowing trend in the longer-term view. A trading signal may emerge from this narrowing. The 468 area is considered an ideal retest level and could serve as strong support. A close above the red trendline could present a long opportunity.
Resistance levels: 531.2; 563.
Support levels: 468; 437; 406.
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