USA 500 index approaches high levels

Source: Dukascopy Bank SA


The USA 500 top market capitalization stock index found support in the 4,100.00 level in late October. Afterwards, a surge followed that step by step has reached above 4,500.00 and soon would test the 2023 and 2022 high levels at 4,606.45 and 4,636.70.

A move above 4,636.70 could be slowed down by round price levels, before the index eventually reaches the 2021 high level of 4,821.90. If the stocks surge above this level, they would be at new all time high levels.

On the other hand, a resumption of the previous decline is expected to look for support in the 50 and 200-day simple moving averages near 4,330.00. Afterwards, the 4,182.80/4,200.00 zone is set to act as support, as it has provided support and resistance during 2023. Further below, note the 4,100.00 and 4,050.00 levels.
Back to articles

Actual Topics

Wed, 22 Nov 2023 12:05:07 GMT

German stocks face resistance

The top 40 German stock index found support in the 14,600.00/14,950.00 range in late October. Since then, the equities have surged and recently found a resistance in the 16,000.00 mark. A move above 16,000.00 is set to face the resistance of the 16.300.00/16.500.00 range that combined the 2021 and 2023 high levels. If this range does not act as

Tue, 21 Nov 2023 13:23:23 GMT

USD/CHF confirms pattern

Recently the USD/CHF currency pair confirmed that it has been declining in a large scale channel down pattern since the start of October. Namely, the pair bounced off the combined resistance of the pattern's upper trend line, the 50-day simple moving average and the 0.9050 level. The ongoing decline could look for support in the 2021 low level at 0.8760.

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.