The BTC/USD has broken the channel up pattern, which guided the price of the cryptocurrency higher since early July. Afterwards, the price found support in the September high and early October low level zone near 52,950.00. On December 1, the rate had various future scenarios. In the case of a surge, the price for Bitcoin would face the resistance of
During Wednesday's European trading hours, the price for Natural gas extended its decline, as it reached below the 4.4000 mark. Gas prices have plummeted nearly 33.50% since the high level booked on October 6. From a technical analysis perspective, the daily candle chart of the commodity price reveals that the price has been declining in a channel down pattern since
After testing the September high level zone above the 0.9350 mark, the USD/CHF began a decline on November 25. Most recently, on November 30, after finding short term support in the 200-four hour period SMA, the rate passed below the SMA and indicated that it could extend its decline. The ongoing decline had no technical support as low as the November
The USD/RUB pair's surge encountered resistance at the 75.35/76.00 zone. In the zone, the May and July high levels are providing resistance together with the upper trend line of a channel up pattern. Moreover, the 76.00 mark appears to be capable of impacting the rate on its own. Most recently, the rate bounced off the resistance zone and shortly
The reveal of the new coronavirus variant caused a sharp drop of the price for crude oil. The drop occurred, as the new variant indicates that lock-down measures could return worldwide. In the case of a lock-down, the demand for the commodity would drop. Due to that reason, the price plummeted. On Monday, the price found support in the September
The Germany 40 index ended its surge on October 20, when the channel up pattern that had guided the index since the start of October, failed. The event resulted in a decline to the support zone at 15,000.00/15,050.00. Namely, the index has found support in the September low level and the psychological effect of the round price. If the index
The US Dollar continues to book new high levels against the Turkish Lira. On November 17, the USD/TRY currency exchange rate approached the 10.6000 mark. In general, recently the rate's surge has been exponential, as there appear to be no resistance levels to the pair. In the case that the surge continues, take into account that round exchange rate levels could
The India 50 index has revealed to have been trading in an ascending triangle pattern throughout November. On November 17, the index was testing the support line of the pattern. If the index declines below the trend line, it could look for support in the previous low level zones near 17,800.00 and 17,700.00, before reaching below the 17,500.00 mark. On the other
On November 11, the USD/PLN currency exchange rate passed the 2021 high level zone. The event was followed by a surge to the 4.0600 level. Near the 4.0600 level the pair consolidated its gains by trading sideways. In the case that the pair resumes its surge, it could encounter resistance in the 2020 March high volatility zone's lower border
Since the start of October, the France 40 index had been surging in a channel up pattern. Most recently, the rate passed resistance of the 7,000.00 level and a resistance zone at 7,070.00/7,081.00. On Friday, November 15, the index reached above the 7,100.00 level. In the case that the index continues to move higher, it could find resistance in round
Since declining sharply in late October, the price for copper has consolidated by trading sideways. Namely, the commodity price has been trading in a wide range between the support of the 4.2810/4.2915 and the resistance of 4.4350/4.4650. In the meantime, note that the four hour simple moving averages located in the trading range have been mostly ignored. If the price
From mid-June up to the middle of September, the USD/CNH tried to and failed at passing the 6.5000 level and a zone that surrounds it. The rate bounced off the resistance and revealed that it is trading in a channel down pattern during the middle of October. Most recently, the channel down pattern has guided the rate down to
Throughout 2021, the Japan 225 index has been trading between the support of 26,900.00/27,150.00 zone and the resistance of 30,590.00/30,830.00. Namely, the rate made two attempts to pass the resistance zone and kept finding support in the support zone since May. Most recently, in early October, the index bounced off the support zone and started a surge. By examining the
Since September 2020, the price for silver has never declined below the support zone of 21.50/22.00. Namely, the support zone kept the rate up in September and December of 2020. More recently, in May 2021, the price of the commodity tested and bounced off the resistance of the 28.60/28.80 zone. This resulted in a decline, which reached the 21.50
Since the start of August, the USD/NOK traded in a large scale channel down pattern. Most recently, starting from October 20, the rate had been recovering in the borders of the large pattern. It was recently spotted that the recovery was taking place in a smaller scale channel up pattern. On November 9, the lower trend line of the smaller pattern
By the start of Tuesday's US trading hours, the price for Natural Gas had almost plummeted by 7.50%, as it reached the October 21 low level at $5.050. During this year, the price for natural gas surged by almost 165.00%, as demand increased due to various disruptions in the energy sector. However, the price has not booked new
On November 5 and 8, the EUR/GBP currency exchange rate bounced off a resistance zone at 0.8585/0.8595. The decline is attributed to the fact that the zone that surrounds the 0.8600 mark has been impacting the rate throughout the last half year. The target for the decline was the combination of the 0.8510/0.8513 zone and the 50 and 200-four hour
Since October 20, the USD/SEK currency exchange rate has been trading between the resistance of the 8.6230/8.6290 zone and the support of 8.5035/8.5100. Future scenarios were based upon whether or not the rate passes the support zone or breaks resistance. A surge that would break the resistance zone of 8.6230/8.6290 zone could reach the 200-four hour simple moving average at
The CHF/JPY currency exchange rate recently passed below the 124.00 level. In addition, the support of the 50-four hour period simple moving average was passed and the technical levels started to provide resistance at 124.50. In the near term future, the rate was highly likely going to look for support in the 123.50 level, which kept the rate up during late
Since October 13, the USA Tech stock index has been surging in a narrow channel up pattern. Meanwhile, it has been spotted that in the first week of November, the surge consolidated by trading sideways at round price levels. namely, the index consolidated by finding both resistance and support in the 15,800.00, 16,000.00 and 16,200.00 levels. In regards to the
The price for the Basic Attention Token has been declining supported by a descending trend line. Most recently, the support of the 50-4 hour period simple moving average approached the trend line. It caused a surge, which could encounter resistance at 1.0750. Near that level a potential upper trend line of a channel down pattern is located at. The channel
On November 4, the price for Cardano confirmed the existence of a channel up pattern. Namely, one can draw the pattern by connecting the October 28 and November 3 high levels as resistance and the October 27 and November 4 low levels as support. The pattern has been guiding the rate's recovery since the drop on October
On November 3, the price for Bitcoin confirmed a channel up patter by bouncing off its lower trend line. The pattern can be drawn by connecting the October 28, 29 and November 2 high levels and setting a parallel line at the October 28 low level. In the case that the BTC/USD rate continues to surge in the pattern, it
By examining the ETH/USD pair's 4-hour chart it can be spotted that the pair is surging in ascending channel patterns. Namely, since late September, the rate has been surging in a dominant channel up pattern. Meanwhile, most recently, since October 27, the pair has been surging in a smaller channel up. Meanwhile, it can be spotted that the rate uses