The NZD/USD rate has been trading between support at 0.5990/0.6085 and resistance at 0.6380/0.6420 for most of 2023. Most recently, the pair bounced off the resistance zone and declined to the support of the 50-day simple moving average. A decline below the 50-day simple moving average could result in the rate looking for support in the 0.5990/0.6085 range. Further below,
The US Small Caps stock index has surged since early May. Most recently the index was approaching the 2,000.00 mark and the 2022 high at 2,033.50. Meanwhile, it has been spotted that the surge has occurred in a channel up pattern. A continuation of the ongoing surge would have to break the resistance of the 2,000.00 mark and the 2022
In general, the Bank of England and Reserve Bank of Australia have been hiking interest rates to combat inflation. However, the BoE has kept their rates always higher during 2023. Due to this fundamental reason, the GBP/AUD currency exchange rate has been surging throughout 2023. From a technical analysis perspective the pair has been surging in a channel up
The broader decline of the European common currency against the Swiss Franc continues. It was spotted in April and June that the pair from time to time finds support and resistance in the 50 and 200-day simple moving averages. Most recently, the pair has remained near 0.9800, as it finds support in the 50-day simple moving average. A passing below
Since March 2023, the USD/CAD has been declining in a channel down pattern. The channel can be attributed to the fact that the US Federal Reserve paused its monetary tightening, as the Bank of Canada continued to battle inflation with rate hikes. Most recently, the pair bounced off the lower trend line of the channel pattern and recovered to
Throughout 2023 the Euro has been descending against the Pound in a channel down pattern. From a fundamental perspective it captures the fact that the European Central Bank has been lagging behind the Bank of England in hiking interest rates. The GBP strengthens, as safe Pound investments pay more and attract more demand. Most recently, the pair has revealed
The top 30 US stock index has been testing a resistance zone at 34,170.00/34,940.00 in June, as the 50-day simple moving average was providing support. Note that the resistance zone has kept the index down since August of 2021. In the case of the index passing the major resistance zone, it would book new 2023 high levels. Next target for
Since early March, the AUD/USD currency pair has been respecting support and resistance zones that are located near round exchange rate levels. Most recently, the pair bounced off a support zone at 0.6570/0.6600. A potential recovery of the Australian Dollar against the US Dollar could be slowed down by the 50 and 200-day simple moving averages at 0.6685 and 0.6750.
The US Dollar has been declining against the Swiss Franc since early November. After an initial drop of the USD/CHF rate at the start of that month, the pair started to trade in a pattern. Namely, the pair's decline has been guided by a channel down pattern. Most recently, the currency exchange rate has found support in the 0.8900 level and
The Pound has been surging against the Japanese Yen since March in a channel up pattern. The pattern captures the difference between the central bank policies of the two currencies. The Bank of England has been hiking rates and combatting inflation. The Bank of Japan has been easing and weakening its currency. Meanwhile, from a technical perspective the pair respects
The next month's volatility index CFD has been finding support in a support zone at 14.85/15.00. Meanwhile, resistance is being provided by the 17.35/17.90 range. A move below 14.85/15.00 would result in the index being at low levels not seen for years. In such an environment fundamental events could cause retracements and reveal support zones. Besides that, look at round levels. However,
The South African stock index has revealed support and resistance zones that the equities continue to respect. Most recently, the index retreated to trade in the support zone at 69,000.00/70,250.00. A passing below the 69,000.00 mark could result in the pair declining to the low level range at 67,000.00/67,550.00. However, the decline could be slowed down by the 68,000.00
The German top 40 stock index has been struggling to pass the 16,300.00/16,500.00 range. In general, the 16,300.00 level marks the 2021 high level. The index approached the high level and bounced off it in May. In June, the price shortly touched the 16,430.00 level. During the late part of June, the index bounced off the resistance and has returned
USA Tech stock index has recently confirmed the upper boundary of a major channel up pattern. The pattern has been guiding the index up since October 2022. In theory, the index should decline to the lower trend line of the channel pattern. However, the descent might be slowed down by the 14,500.00 mark, which has acted as support and
The US tech stocks have continued to trade in the range between the support zone at 10,445.00/10,650.00 and resistance at 11,920.00/12,080.00. In December, the index bounced off the resistance zone and declined to the support. At the start of 2023, it appeared that the support zone had held and the index had recovered to trade near 11,000.00. In the case of a
During the late part of 2022, the price for Bitcoin pierced the support zone at 17,600.00/18,735.00 and the 2020 November low levels. However, support was found in the 15,515.00/15,660.00 range. Afterwards, the pair retraced above 18,000.00 and found resistance. During the holiday period, the crypto traded between one of the November low levels at 16,450.00 and the resistance of
At the start of December, the South African stock index hit the 70,000.00 mark, which acted as resistance. The following decline found support in the November high level zone at 67,450.00/67,650.00. A decline below the 67,450.00 level could look for support first in the 67,000.00 mark, before approaching the late November low level zone at 65,600.00/65,850.00. On the other hand, a
The US market volatility index hit a low level at the start of December at 21.15/21.20. Since touching the low levels, the index has retraced bac upwards to the mid-November low and late November high level zone at 23.40/23.70. An increase of market volatility might result in the index reaching the November high levels at 26.50/27.00. On the other hand,
Despite making an attempt to surge in late September, the USD/MXN currency pair has remained between the support range of the 2021 and 2022 low levels at 19.60/19.80 and resistance of the 50 and 200-day simple moving average. By the end of October, the pair traded between the support zone and the 50-day SMA near 20.05. A move above the
Throughout September and October, the BTC/USD has been range bound between the support zone at 17,600.00/18,830.00 and resistance at 22,000.00/24,470.00. At the end of October, the price bounced off the support zone and managed to break the resistance of the 50-day simple moving average, which kept the pair down throughout the month. A continuation of the surge is expected
The US tech stock index has reached below the June low level, as it traded at 10,860.00 at the start of October. However, the reaching of a new low level was followed by a recovery. An extension of the ongoing recovery is expected to encounter resistance in the mid-September support and resistance zone that surrounds the 12,000.00 mark. Higher above,
During late September trading, the German top 40 stock index reached below the 12,000.00 mark. However, on the first day of October trading a sharp recovery occurred. By October 5, the equity index had reached the August low levels near 12,600.00/12,650.00. An extension of the stock recovery could encounter resistance in the 50-day simple moving average near 12,950.00 and
The summer surge of the US Small Caps stock index ended at the 2021 late January low level at 2,033.50. The historical low acted as resistance and caused a decline, which by the end of September had reached the June low level at 1,650.00. A recovery from the 1,650.00 level could be slowed down by the 1,750.00 and 1,800.00
The July and August surge of the price for natural gas ended at the start of September. By the end of the month, the price had reached the 6.50 mark and appeared to have no support as low as the summer low level zone near 5.50. In the case of the price finding support, note that it respects both the