๐๐ฅ Silver Breakout, Tech Resistance & TRY Rotation โ Structure Meets Reality ๐๐
Hey traders, FXPROFESSOR here ๐จโ๐ซ
Todayโs charts show how technical structure and real-world capital behavior can tell one powerful story. Weโre watching Silver surge, Tech stall, and the Turkish Lira react to local capital flows โ all aligning with clean market levels.
Letโs break it down:
๐ Silver (XAG/USD)
Price exploded into $39.30, reaching the top of a well-defined ascending channel.
Now stalling โ pullbacks toward $35.38 or even $32.17 would be natural.
๐ง Structurally strong, fundamentally backed by industrial demand, inflation hedging, and tight supply dynamics. Just not a good timing to 'ape it' today.
๐ US Tech 100 (USTEC)
Testing resistance around 23,434.
RSI and OBV show signs of exhaustion, suggesting potential pause or pullback.
In a stretched macro environment, tech is vulnerable to rotation โ especially if yields shift or inflation expectations change.
๐ฑ EUR/TRY โ Turkish Lira Rotation
We just saw a sharp rejection at 47.78, a key round-number resistance.
On the ground, thereโs a notable shift โ My Turkish brother says 'FX profits being converted into real estate and hard assets, especially by locals and returning expats'. And I trust a good Turk as much as i trust my Greek family! (yes, we can be friends when there is respect and no hatred! common interests work best in this troubled world)
The chart reflects this move: potential drop toward 46.00 โ 45.45 โ 43.79 if momentum fades.
๐งฉ What These Charts Teach Us
This is a perfect storm where technical resistance, macro rotation, and local capital behavior all align:
๐น Silver rising = hard assets in favor
๐น Tech pausing = overextension risk
๐น TRY dropping = profit-taking & capital redeployment
Trade what you see โ but understand why itโs happening.
One Love,
The FXPROFESSOR ๐
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! ๐๐ค๐
Hey traders, FXPROFESSOR here ๐จโ๐ซ
Todayโs charts show how technical structure and real-world capital behavior can tell one powerful story. Weโre watching Silver surge, Tech stall, and the Turkish Lira react to local capital flows โ all aligning with clean market levels.
Letโs break it down:
๐ Silver (XAG/USD)
Price exploded into $39.30, reaching the top of a well-defined ascending channel.
Now stalling โ pullbacks toward $35.38 or even $32.17 would be natural.
๐ง Structurally strong, fundamentally backed by industrial demand, inflation hedging, and tight supply dynamics. Just not a good timing to 'ape it' today.
๐ US Tech 100 (USTEC)
Testing resistance around 23,434.
RSI and OBV show signs of exhaustion, suggesting potential pause or pullback.
In a stretched macro environment, tech is vulnerable to rotation โ especially if yields shift or inflation expectations change.
๐ฑ EUR/TRY โ Turkish Lira Rotation
We just saw a sharp rejection at 47.78, a key round-number resistance.
On the ground, thereโs a notable shift โ My Turkish brother says 'FX profits being converted into real estate and hard assets, especially by locals and returning expats'. And I trust a good Turk as much as i trust my Greek family! (yes, we can be friends when there is respect and no hatred! common interests work best in this troubled world)
The chart reflects this move: potential drop toward 46.00 โ 45.45 โ 43.79 if momentum fades.
๐งฉ What These Charts Teach Us
This is a perfect storm where technical resistance, macro rotation, and local capital behavior all align:
๐น Silver rising = hard assets in favor
๐น Tech pausing = overextension risk
๐น TRY dropping = profit-taking & capital redeployment
Trade what you see โ but understand why itโs happening.
One Love,
The FXPROFESSOR ๐
Disclosure: I am happy to be part of the Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Awesome broker, where the trader really comes first! ๐๐ค๐
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๐พ TOP DOGS TEAM is LIVE! ๐ Join the $6M KCGI 2025 battle โ Signals, Charts & Coaching included.
๐ฐ Min: $100 | ๐ฏ Register by July 23
๐ fxprofessor.com/top-dogs-team
๐ฃ Telegram: t.me/fxprofessor88
๐ fxprofessor.com
๐ฐ Min: $100 | ๐ฏ Register by July 23
๐ fxprofessor.com/top-dogs-team
๐ฃ Telegram: t.me/fxprofessor88
๐ fxprofessor.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.