UK100 index reaches pre-coronavirus levels

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On February 10, the United Kingdom's top 100 stock index approached the pre-coronavirus high level zone at 7,695.00/7,725.00. However, the resistance of the zone was not even properly tested, and the index started a decline. On February 15, the stocks were finding support in the 7,500.00 mark.

If the index resumes its surge, it would have to pass the 2020 high levels, before reaching higher. Take into account that since November the index has been surging in a channel up pattern. The upper trend line of the pattern could act as resistance.

On the other hand, a decline of the British assets might look for support in the 50-day simple moving average at 7,450.0., Further below, note the 200-day simple moving average near 7,200.00.
Back to articles

Actual Topics

Thu, 17 Feb 2022 11:04:34 GMT

USD/ZAR breaks dominant pattern

The USD/ZAR currency exchange rate has broken the large scale 2021 channel up pattern by passing below the lower trend line of the pattern. The decline occurred in the channel down pattern, which captures the rate's decline since the start of December. In addition, on February 17, the pair clearly passed below the 200-day simple moving average. If the US

Tue, 15 Feb 2022 10:42:19 GMT

AUD/NZD surges in channel pattern

Since November, the AUD/NZD currency exchange rate has been surging in a channel up pattern. Throughout early 2022, the currency pair has been trading near the upper trend line of the channel pattern. In the near term future, the rate was heading to the 2021 April-June high level zone at 1.0810/1.0825. A move above the resistance zone could find

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
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.