USA 500 index declines in January

Source: Dukascopy Bank SA


At the start of 2022, the USA 500 stock index booked a new all-time-high level. However, immediately afterwards the index started a decline, which recently reached below the 50-day simple moving average.

If the index continues to decline, it might look for support in the lower trend line of the channel up pattern, which has guided the index since late 2020. Below the trend line, the December low levels at 4,500.00,

Meanwhile, a potential surge could first find resistance in the November high level at 4,750.00, before aiming at the all-time-high level at 4,800.00.
Back to articles

Actual Topics

Tue, 11 Jan 2022 13:04:39 GMT

US Small Caps 2000 index trades sideways

The US Small Caps 2000 index, which captures 2000 small market capitalization companies of the US, has been going nowhere throughout 2021. Namely, with one exception, the index has been trading sideways between a support range at 2,085.00/2,135.00 and resistance at 2,320.00/2,370.00. The exception was the November surge to the 2,461.80 level. Most recently the index bounced off the resistance

Mon, 10 Jan 2022 11:36:26 GMT

EUR/NZD trades sideways

The EUR/NZD currency exchange rate has been trading sideways since the start of December. Namely, the pair fluctuates between the support zone at 1.6515/1.6560 and resistance at 1.6775/1.6840. A surge above the resistance zone might eventually reach the resistance of the August high level at 1.7170. However, the 1.7000 mark could stop a potential surge. On the other hand, a decline

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.