Effondrement de l'euro activé…

This weekly market update covers a significant amount of ground, focusing on major shifts in currency pairs, the impact of geopolitical tensions in the Middle East, and the technical state of various asset classes, from cryptocurrencies to precious metals and stock indices. **Cryptocurrencies: A Prevailing Bear Market** The analysis begins with Bitcoin (BTC), which remains firmly in a bear market. The primary reason for this assessment is that BTC continues to trade below its established range. While the past week saw some upward movement, the price tested a key resistance level for the second time and failed to break through. For the market sentiment to shift from "bear" to "range," BTC would need to trade above this resistance for several consecutive weeks. The speaker warns that if Bitcoin begins to move south again, the decline could be rapid and intense, potentially leading to significant red candles on the charts. XRP follows a similar logic, currently trapped within a massive, long-term technical triangle. Short-term bearish targets are in play, with a secondary target sitting at the bottom of that long-term structure. Ethereum (ETH), meanwhile, is currently sitting on a support zone within its own large consolidation triangle. While ETH has shown a slight rebound this week and is holding its ground for now, its future is closely tied to Bitcoin. If Bitcoin breaks down, Ethereum is likely to follow suit and abandon its current support. **Precious Metals and Commodities: Parabolic Potential** Gold, when priced in US Dollars, is exhibiting a pattern that suggests a continued parabolic move. This type of acceleration is not sustainable in the long run but can lead to extraordinary short-term gains. Currently, Gold appears to have formed a first trough and is now working around a pivot point. It may test this pivot once or twice more before a potential breakout. The speaker notes that Gold’s recent price action is "abnormal," comparing its movement to that of a pumped small-cap stock rather than a traditional safe-haven asset. Gold priced in Euros shows a nearly identical setup, with a bullish outlook maintained for 2026. Silver is also undergoing a correction, likely establishing a second trough near its own pivot. Despite the recent dip, the potential for significant growth in Silver remains high for the coming year. The broader commodities index is also showing extreme strength, characterized by a powerful three-week impulse wave. The speaker reminds viewers that commodity moves are often violent but short-lived, lasting months or quarters rather than years. **Energy and the Volatility of Oil** A major highlight in the commodity sector is Oil. After four years of lateral movement following the Covid-19 lockdowns, Oil has finally achieved a bullish breakout. This shift has introduced high volatility. To explain this, the speaker uses a gravity analogy: on a planet with low gravity, a ball bounces very high and falls very low. Oil is currently in a "volatile bullish" phase, meaning it can experience deep pullbacks while still consistently making higher highs. **Currencies: The Euro’s Major Signal** The most significant event of the week involves the Euro-Dollar (EUR/USD) pair. Long-term charts dating back to 2010 show the Euro in a major downtrend. This week, a key support level was broken, signaling a potential return to downward normalization. While there is a chance this is a "false break" that might eventually form a Head and Shoulders pattern, the current outlook for the Euro is pessimistic. Targets are set at 1.08, with the possibility of dropping below parity to 0.96 if the situation worsens. In contrast, the US Dollar Index (DXY) is showing strength. It recently bounced off a "double convergence" of support—the bottom of its rising channel and a horizontal support level—largely fueled by news regarding the conflict in Iran. While the Dollar might consolidate at its current pivot, the long-term trajectory remains strongly bullish for the coming quarters. **Stock Indices: Resilience and Pullbacks** The US markets, specifically the S&P 500, saw a slight decline this week, breaking a minor support level due to geopolitical volatility. It is currently at the bottom of its range, but the speaker suggests that if the conflict in Iran stabilizes, a rebound and continued lateralization are likely. The Nasdaq is holding up better, remaining within its "ping-pong" channel. The broader context for US markets remains a bull market that has persisted since 2008. The recent correction is viewed as a healthy "cleansing" of the market following the price surge linked to the "Trump tariffs." In Europe, the DAX (German index) is testing a major support zone. As long as this support holds, the underlying bullish dynamic remains intact. Similarly, the CAC 40 (French index) is performing a "pullback" to test a former resistance level as new support. If this level holds, the CAC 40 could see an upside movement of approximately 20%. **Final Notes** The video concludes with a technical update regarding the speaker's newsletter. Due to a software migration, some subscribers may have been removed from the list. Viewers are encouraged to re-subscribe to ensure they receive weekly updates and private links to upcoming conferences.