Europe 50 stocks test resistance zone

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


The European top 50 stock index found support in early March in the late 2020 low level at 3,400.00. The event was followed by a recovery, which since March 15 appeared to be making tests of the resistance of the 3,915.00/4,030.00 zone. This zone had been acting as support since April 2021, before failing in late February of 2022.

If the index bounces off the resistance zone, the stocks might encounter some support in round price levels, before approaching the 2022 low level at 3,400.00.

On the other hand, a surge would have to pass the resistance of the 3,915.00/4,030.00 zone and the 50-day simple moving average near 3,980.00, before approaching the 200-day simple moving average near 4,130.00. Higher above, take into account the February high level zone at 4,240.00/4,265.00.
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Mon, 28 Mar 2022 10:46:20 GMT

Japan 225 index reaches resistance line

Last week, the Japan 225 index reached the upper trend line of the channel down pattern, which has guided the stocks down since September 2021. Near term future scenarios were based upon whether the trend line holds. If the stocks bounce off the resistance line, a potential decline is expected to first look for support in the 2021 low

Fri, 25 Mar 2022 12:03:57 GMT

Poland 20 Index surges in channel pattern

Since booking a 2020 low level at 1,795.00, the Polish top 20 stock index has been recovering in a channel up pattern. By March 25th, the index had reached above the 50-day simple moving average at 2,130.00. A continuation of the surge of the stocks might encounter resistance in the 2,250.00 mark, which acted as resistance during February. In addition, note

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