Since the previous review of the USD/SGD technical chart, the pair had broken the resistance zone at 1.3690/1.3750 and the upper trend line of the channel up pattern. Afterwards, a surge occurred to the 1.3990 level on May 12. By May 25, the rate had declined from the 1.3990 level and retraced to the 1.3690/1.3750 range. If the US Dollar resumes
Since plummeting in early May, the price for BTC/USD has been trading above a support zone at 28,900.00/29.550.00. If the price for the cryptocurrency recovers, it would face the resistance of the February 2022 low level zone at 33,170.00/34,470.00. Higher above, note the resistance of the 50-day simple moving average near 36,450.00 and the upper trend line of the
In late March, the USD/MXN pair broke the channel up pattern, which guided it since early 2021. It appears that a smaller scale pattern, which was located in the larger pattern, has guided the rate back to the 2021 low level zone. The intact pattern captures the pair's moves since the late 2021 high level was reached. Most recently,
The price for silver passed below the support zone of the 2021 and 2022 low levels at 21.50/22.00 on May 10. On that day, the US Dollar strengthened due to the fact that inflation in the US was revealed to had continued to grow and the revelation signaled an incoming increase of monetary tightening by the US Federal Reserve.
The top update on the EUR/GBP daily candle chart is that the pair broke the resistance of the line, which connects the 2021 September and December low levels together with the 2022 high. The surge occurred on May 5, as the Bank of England announced that it expects higher inflation than previously forecast. It resulted in a 72 base
The surge of the CAD/JPY eventually surged above the 100.00 mark. Afterwards, a new high level zone was confirmed at 102.40/102.90, during April's trading. During the first half of May, the pair declined, before finding support in the 98.00 level and the 50-day simple moving average. On May 18, the rate had recovered and was testing the resistance of the
The price for natural gas hit a new high level at 9.0000. However, after hitting the high level, four days later, the price had once again returned to the support zone of the 2021 highs at 6.3225/6.4850. Afterwards, by the middle of May, the commodity price resumed its surge, as it approached the 8.0000 mark. If the commodity price reaches above
Since the last review of the price for Brent crude oil on April 4, the price has passed below the support line, which guided the benchmark up throughout early 2022. Despite that, the price found support in the March low levels at 96.70/98.00 and recovered until it encountered resistance at 115.00. In general, the commodity appears to have been
The price for light crude oil broke out of the squeeze in a triangle pattern on April 12, but the event was not followed by s sharp surge, which in theory should have occurred. The reason for the crude oil remaining near 100.00 is attributed to the OPEC countries announcing after a summit that they want oil near current levels
The Small Caps stock index declined, as it was forecast in the April 8 article, which focused on the bounce off from the resistance zone at 2,100.00. By May 13, the stocks had declined to the support of the 50.00% Fibonacci retracement level at 1,714.00 and the 1,700.00 mark. A move below 1,700.00 would look for support in the
On May 11, the price of BMW was testing the resistance of the March and May high levels at 82.70/83.60. On May 12, the stock price started the day's trading at the mid-March and April low level zone at 75.35/75.90. The reason for the drop was the dividend payout done by the company. Namely, investors received their dividend payout
On May 8th, the US 500 stock index passed below the support zone at 4,035.00/4,065.00. Afterwards, as the index passed below the 4,000.00 mark, the previous support zone was confirmed as resistance. A continuation of the decline of the index is highly likely set to look for support in the 3,830.00/3,870.00 zone, which impacted the index in early 2021.
On April 4, the NZD/USD currency rate shortly reached above the 0.7000 mark. However, the buying pressure was not enough to cause a follow up surge. Instead, the rate eventually passed below the support of the 200-day simple moving average, then broke the channel up pattern, confirmed the 200-day SMA as resistance. Afterwards, the 50-day simple moving average near
The surge of the Swiss Franc against the Japanese Yen eventually ended at the 136.00 mark on April 19. By May 11, the rate had retreated to the support zone at 130.80/130.90 and shortly reached below it. In the case of a recovery of the Franc against the Yen, the rate could encounter resistance in the 132.00 mark, which
The August and September high level at 35,500.00 provided enough resistance for a decline to start on April 20. Two days later, the index broke down and passed three previous support and resistance levels, before eventually reaching the June 2021 low level at 33,065.00. By May 10, the index had revealed a narrow channel down pattern and reached the
Since the review done on April 4, the USD/CHF has jumped 7.50% or almost 700 base points. In general, the support of the long term trend line was enough for a surge to start, which eventually broke past the 2021 and 2022 high levels at 0.9475. By May 10, the pair had reached 2019 levels, as it approached
During April, the Germany 40 index has continued to decline from the resistance zone at 14,830.00/14,950.00. During the review conducted on May 6th, it was spotted that the stock index has been declining in a channel down pattern. Most recently, the stocks bounced off the upper trend line of the pattern and declined to once again look for support in
In the aftermath of facing the resistance of the 200-day simple moving average, the USA Tech Stock index started a decline from the 15,275.00 level. In addition, a channel down pattern was revealed, which had guided the index since November. By May 6th, in the aftermath of the Federal Reserve's latest policy announcements, the stocks declined below the March
Since the middle of 2021, the price for copper was surging in a wide channel up pattern. On April 24, the pattern was broken to the downside. On April 29, the price appeared to be consolidating in the 4.4000/4.5000 range. A potential decline of the metal's price might look for support in the late January low level at 4.3000
The surge of the price for natural gas continued throughout April, as the commodity passed above previous high levels and hit levels not seen since 2008. After shortly trading above the 8.0000 mark on April 17, the price retraced to the 2021 high level zone and confirmed it as support. During late April trading, the price of gas started
After breaking the resistance of the 14.75/14.80 zone, the USD/ZAR currency pair started a surge, which was fueled by a decline of the value of the South African Rand and strength of the US Dollar. This resulted in a 7.20% surge from April 18 up to April 25. In addition, the pair has passed below the 15.50 level's resistance. A
As laid out in one of the forecast scenarios on March 28, the Japan 225 index has bounced off the combination of the 200-day simple moving average, the upper trend line of a channel down pattern and the 28,500.00 level. On April 25, the index was retreating to the April low level after a consolidation retracement occurring during the
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