By large, the USD/CHF trades between the 0.9300 and 0.9150 levels in February. Meanwhile, the rate is being highly volatile, as risk on and risk off fundamental changes in the markets create inflows into the Swiss currency. In addition, it was spotted that the pair could be trading in a large scale triangle pattern. the pattern is marked by connecting
In early February, the USA 500 stock index broke the resistance line, which had guided the index down since early January. However, the resistance of the 50-day simple moving average was enough for the stocks to resume their decline. On March 7, the index had reached and found some support in the 4,150.00 mark. However, note that the round
On June 23 in the year of 2016, the United Kingdom announced that it would leave the European Union. The event caused a major drop of the value of the Pound against the Euro. Since then, the EUR/USD pair had never traded below a support zone at 0.8250/0.8300. On March 3, the pair passed below this support zone. The
The price for crude oil ended its surge in a channel up pattern in early February by trading sideways above the 90.00 mark. However, on February 28, the price began to massively surge, as sanctions on Russia were set by the US and European Union. Namely, the market expects a large decrease of supply that would be caused by
The USA Tech stock index remains in the channel down pattern, which has guided it since the end of November. Since the last review on February 10, the index continued to decline until it encountered a support zone above the 13,000.00 mark. After zooming in on the hourly candle chart, the zone was marked to be exactly at 13,050.00/13,113.00. The
On March 2, the AUD/JPY currency exchange rate reached above the resistance zone of the November and January high levels at 84.15/84.30. On Thursday, March 3, the currency pair appeared to be confirming the previous resistance as support. If the Australian Dollar continues to gain against the Japanese Yen during the upcoming trading sessions, the pair might test the resistance
After dipping below the 2021 June low level, the USA30 stock index recovered and has been fluctuating between the mentioned low level at 33,065.00 and the resistance zone of December low levels at 34,000.00. However, the most notable update since the start of February is the fact that the recent dip provided a reference point, which confirmed that the index
From May 2021 up to February 2022, the German top 40 stock index traded in a range between the 14,850.00 level and the 16,300.00 mark. Namely, the index was trading up and down in a wide 9.00% range for almost a year. In mid-February, the sideways trading ended on February 20, as the index plummeted below the 14,850.00 zone. By
In November 2021, the EUR/SEK currency exchange rate found support in the 9.9000 level and started a surge. By mid-February, it was clear that the surge has taken the form of an ascending channel pattern. Most recently, the pair passed above the 2020 high level of 10.66, indicating that additional gains are possible. If the Euro continues to surge against the
In 2022, the CHF/JPY currency exchange rate trades at 2015 levels, as the pair has been surging in a massive channel up pattern since the middle of 2019. However, during the first months of 2022, the pair has been consolidating by trading sideways. Dukascopy Analytics have marked notable zones of support and resistance, which can be used for long
At the start of February the USD/NOK exchange rate shortly reached below the 200-day simple moving average. However, the 8.7000 mark provided enough support of the rate to surge back up. Afterwards, initially the 200-day SMA acted as support, before the rate passed above the 50-day SMA, which also pushed the rate up. On February 24, the pair made an
Since the last review of the USD/CNH chart done on January 27, the currency exchange rate has continued to decline in the channel down pattern. Namely, the rate approached the upper trend line of the pattern on January 30, before resuming its decline. By the end of February, the pair had reached below the 6.3100, which despite being
Since the last review done on January 14, the price for copper has continued to trade in the ascending channel pattern. Since then there are a few notable points to note. First of all, the 4.6000 mark is acting as resistance. It even forced the commodity into a re-test of the support of the ascending pattern and the 4.3000 mark
Throughout February, the stock price for Tesla has been bouncing around the 900.00 levels. In the meantime, the pair has been ignoring the 50.00% Fibonacci retracement level at 892.23. If the stock price recovers, it could face resistance in the 950.00 mark, which acted as resistance throughout February. Higher above, note the 61.80% Fibonacci retracement level at 975.35 and the
Since the 2021 high level was hit during late November, the USD/SGD currency exchange rate has been declining in a channel down pattern. During February, the pair was booking new low levels, as it approached the support zone of the June and September lows at 1.3385/1.3400. A passing below the support zone could look for support in the lower trend line
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
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
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
The USD/MXN currency exchange rate has been trading between the 50 and 200-day simple moving averages since mid-December. The exception to the rule was the short piercing of the 50-day SMA on January 28. Most recently, it appears that the rate is getting squeezed in between the support of the 200-day SMA near 20.35 and the resistance of the
The price for Bitcoin has broken the channel down pattern, which guided the more than 50.00% drop from the currencies all-time-high level. In the aftermath of reaching below the 35,000.00 mark, the price started a recovery. The review of the pair conducted on February 14 revealed that the price has been recovering in an ascending channel pattern. On that
The price for silver has experienced a recovery from the support zone of 21.50/22.00. On February 10, the commodity price had pierced the resistance of the 23.50 mark, before retracing to the support of the 50-day simple moving average. If the commodity price finds support in the 50-day SMA, it could surge first to the 24.00 mark and afterwards the
On February 7, the price for Ethereum broke the upper trend line of the channel down pattern, which had guided the cryptocurrency since the start of November. If the ETH/USD pair continues to surge, it could test the resistance of the 50-day simple moving average near 3,180.00. Higher above, note the resistance zone of the high and
At the end of January, the NZD/USD currency exchange rate broke the channel down pattern, which guided the rate down throughout 2021. Meanwhile, the pair has been declining since the start of November in a smaller channel down pattern. A continuation of the currency pair might look for support in the 0.6550 mark, which stopped the January decline.
The US Tech stock index has revealed a channel down pattern, which has guided the index since late November. Most recently, the rate was approaching the upper trend line of the channel pattern. However, take into account that on February 10 the US Consumer Price Index was set to be released. The event was expected to cause a