The decline of the price for platinum has been guided by a descending trend line throughout March and into April. In early April, the commodity found enough support in the trend line and the 950.00 mark to start a recovery. By April 21, the price had encountered resistance in 1,025.00. A decline of the commodity price is expected to look
Throughout April, the price for palladium has been recovering. It was spotted on April 21, that the recovery has been supported by an ascending trend line, which connects the late-March and April low levels. A continuation of the recovery of the metal's price is expected to encounter resistance in the April high level at 2,533.30. Higher above, note the mid-March
The USD/NOK pair passed below the combined support of an ascending trend line and the 200-day simple moving average during mid-March. In late trading of March, the rate found support in the 8.5660/8.6000 zone. Afterwards, up to April 20, the pair has been recovering. However, recently, the USD found resistance in the 8.9000 mark against the Norwegian Krona. If the
At the start of April, the price for Tesla stock encountered the resistance of trend line, which connects the 2021 and 2022 high levels. The following decline eventually found support in the 61.80% Fibonacci retracement level at 975.35. The retracement levels are measured by connecting the 2021 March low level and the all-time-high level of November 2021. A recovery of
Since the last review that was conducted on March 15, the France top 40 stock index has been trading between the support zone at 6,387.00/6,470.00 and resistance at 6,787.00/6,830.00. In the meantime, by April 14 the index appeared to be ignoring the 23.60% Fibonacci retracement level at 6,707.80 and the 50-day simple moving average near 6,625.00. A potential surge of the
Since the low level was booked in the middle of March, the Chinese top 50 stock index has been testing the resistance of the 13,940.00/14,140.00 zone. On April 14, the 50-day simple moving average was approaching the resistance zone from above. In the meantime, the higher low levels, which have been acting as support are marked at 13,200.00 and
Despite piercing the 45,000.00 mark, the BTC/USD did not reach the 50,000.00 level. The pair encountered the 200-day simple moving average near 48,200.00 and started a decline. By the middle of April, the price of the cryptocurrency had passed not only below the 45,000.00, but also the 50-day simple moving average. On April 13, the rate was looking for
The UK top 100 stock index has continued to surge. Most recently, by the middle of April the index almost reached the all time high level zone at 7,700.00/7,740.00. A decline from the resistance zone is expected to look for support in the 50-day simple moving average near 7,400.00 and the 200-day simple moving average at 7,300.00. Further below, note
The Japanese Yen has been massively dropping due to the Bank of Japan easing monetary policy and the economy of Japan lagging behind. Most recently, on the CAD/JPY charts the fundamental move resulted in an almost 10.00% surge from the 92.00 level up to 100.00. During the review that was done on April 12, it was spotted that the pair has
Since the announcement made by the Federal Reserve on March 15, the price for silver has broken the channel pattern, which guided the price up throughout 2022. In late March, the commodity found support in the 24.00 mark and April 12 the price had recovered above the 25.00 level. In the near term future, a potential surge of the commodity
The price for a metric ton of diesel spiked in March, as it shortly reached above the 1,400.00 mark. Since then, the commodity has revealed that it respects the support of an ascending trend line, which connects the last two year low levels. In the meantime, resistance is being provided by a line, which connects March high levels. During the
In early March, the EUR/GBP currency pair shortly reached below the 2019 and 2020 low levels near 0.8280. Afterwards, a surge up to the 0.8500 mark occurred. On April 11, the currency exchange rate was trading near the 0.8350 mark. Meanwhile, it was spotted that throughout April, the pair was respecting the support and resistance of round exchange rate
Throughout March the value of the Japanese Yen has been plummeting on all charts. On the CHF/JPY rate it has taken the form of a 7.50% or 932 base point surge. At the start of April, the surge of the rate had slowed down, as it revealed a resistance zone. Meanwhile, late March low levels pinpoint the location of a
Since March 17 up to April 4, the US top 2000 small market capitalization stock index tested the resistance zone at 2,085.00/2,140.00. On April 4, the stocks bounced off the resistance zone. By April 8, the index had reached and shortly pierced the support of the 2,000.00 mark. If the index continues to decline and clearly passes below the
At the start of April, the GBP/AUD currency exchange rate hit the 2018 low level at 1.7210. Moreover, on April 4, the rate shortly traded below the historical low level. However, a recovery followed, which on April 7 was approaching the 1.7500 mark. If the Pound surges, compared to the Australian Dollar, above the 1.7500 mark, the rate might
In the second half of March, the EUR/CHF currency exchange rate bounced off the 1.0350/1.0400 zone. By doing so, the pair also revealed a resistance line, which has guided the rate down since early February. On April 7, the pair had retreated, as it had once again returned to trade below the 2015 post-unpegging of the Swiss Franc from
The price of US light crude oil did not reach above the 130.00 mark during March. Instead, the pair retraced to a support zone at 93.00/96.00. The zone acted as resistance during February trading. Afterwards, a recovery found resistance at 115.00, before starting a decline back to the support zone. In the meantime, it was spotted on April 6th that the
In mid-March the USA top 500 stock index started a recovery, which saw the stocks recover back to the February high levels and even reach above them. However, before the index reached the 4,650.00 mark, the index started a minor decline. Initially, the decline was finding support in the 200-day simple moving average. On April 5th, the index passed
During late February, the NZD/USD currency pair broke the channel down pattern, which had guided the rate since November. By the start of April, the pair had formed an ascending channel. Most recently, the pair was finding support in the 200-day simple moving average and the 0.6900 mark. If the pair continues to surge, it is expected to be slowed
Throughout the first half of March, the USA Tech stock index was looking for support in the 13,000.00 zone and the 12,975.00/13,120.00 zone. On March 15, the US Federal Reserve hiked interest rates by 0.25% instead of 0.50%. The markets took it as a signal that supply of the US Dollar would not be decreased, and a stock surge
The breaking of the triangle pattern resulted in a sharp surge. The surge eventually hit the early 2021 high level zone at 0.9460/0.9475. The zone's resistance held and the pair started a decline. By April 4, the US Dollar's decline against the Swiss Franc had touched and found support in the 0.9200 level. If the pair continues to decline, it
Throughout most of March, the price for Brent crude oil was massively volatile, as the Russian invasion of Ukraine has caused major moves in energy markets. In general, the price spiked to a zone at 130.85/133.15, before declining down below the 100.00 mark only a week after. Namely, the range of volatility was 36.18 USD during a couple of
The German top 40 stock index hit a low level on March 6 at 12,450.00. This level is notable with the fact that it had acted as resistance and support to surges since 2018. The level has been capable of reversing one month long recoveries and keeping the index from declining for a period of up to three months.
The USA30 stock index has broken the channel down pattern, which guided the stocks down since the start of 2020. The breaking of the pattern occurred on March 19, as the pair reached above the mid-December low level and the upper trend line of the pattern near 34,700.00. By April 1st, the index had reached the 35,350.00 level, before