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
Since February 2021, the EUR/GBP currency exchange rate has been declining in a wide channel down pattern. From a larger fundamental perspective the trend can be explained with the fact that the European Central Bank ignores inflation and keeps monetary stimulus intact, and the Bank of England has been reducing stimulus and even implemented interest rate hikes. Namely, the
In February, the AUD/JPY currency exchange rate passed the resistance of the 50 and 200-day simple moving averages at 82.00 and 82.45. Due to that reason, a surge of the pair was likely, as the pair faced no resistance as high as the November and January high level zone at 84.15/84.30. In the case that the rate passes above the
In mid-January, the price for Brent crude oil passed the 2021 high level at 86.73. At the start of February, the commodity passed the 90.00 mark. On February 8, the price was retracing back down in the aftermath of booking a new high level the day prior. If the commodity price continues to surge, the price for Brent crude
Since late October, the USD/RUB currency exchange rate was surging in a channel up pattern. The pattern captured the ongoing tensions between the west and Russia. Namely, a run of capital from Russia was taking place due to the tensions. Most recently, on February 7, the President of France Emmanuel Macron visited Russia for talks. On that day, the
The US Small Caps 2000 index passed below the support zone of 2,085.00/2,135.00 on January 19. Since then, the stocks have reached and shortly traded below the 1,900.00 mark and the 2021 low level of 1,938.00. In the aftermath of the drop, the index has retraced back up to the resistance of the 2,050.00 mark. If the stock index declines, it
On January 19, the USA 500 stock index broke the channel up pattern, which captured a surge since late 2020. Afterwards, the index retreated to the 50.00% Fibonacci retracement level of the 2021 high and low levels. Most recently, on February 1, the stock index bounced off the resistance line, which connects the 2022 high levels. Meanwhile, it was
In mid-January, the price for natural gas broke the resistance line of the channel down pattern, which captured the rate's decline since October. After a short retracement down, at the end of January, the commodity price started to surge. On February 2, the price rached the late November high level at 5.5000. In the case that the price reaches above the
At the start of Wednesday's US trading, the price for Alphabet hit a new all-time high level at $3,030.00. The stock jumped at the start of trading due to better than forecast quarterly earnings report. The company has grown its year-on-year revenue by 40.00%. Due to that reason, a review of the technical chart is being conducted. In general, after
Since the last review of the USD/CHF chart, the pair has made two attempts to reach the resistance zone of the September and November high levels at 0.9335/0.9375. Meanwhile, after each failed attempt the rate retraces to the support zone at 0.9090/0.9105. In addition, it has been observed that the rate has been ignoring the 50 and 200-hour simple moving
The price for Light Crude oil has passed the 2021 high level zone. The commodity price continues to book new high levels, as it approaches the $90.00 mark. In addition, it was spotted that since late December the price has been surging in a narrow channel up pattern. A continuation of the surge is expected to find resistance in round
At the start of January, the Germany 40 stock index bounced off the resistance of the 2021 high level at 16,300.00. Afterwards, a decline occurred, which eventually found support in the May and October low level zone near 14,850.00. By February 1, the index had returned to the resistance of the 50 and 200-day simple moving average near 15,650.00.
After booking a new all-time-high level near the 37,000.00 mark, the USA30 index started a decline at the start of 2022. On January 24, the index hit a low level at 33,150.00, before starting a minor recovery. On February 1, the US stocks had reached above the 200-day simple moving average and the 35,000.00 mark, which appeared to have
Since July 2021, the price for silver has been trading between a support zone at 21.50/22.00 and the resistance of the 200-day simple moving average. In mid-January, the price bounced off the simple moving average near 24.60 and started a decline. On January 31, the commodity was approaching the 22.00 mark. A bounce off from the 21.50/22.00 zone would most likely
The USD/ZAR currency exchange rate has been trading in two channel patterns. First of all, since early summer the pair has been surging in a channel up pattern. More recently, in late November the rate bounced off the upper trend line of the channel pattern and formed a smaller scale channel down. At the end of January, the currency
On January 13, the USD/NOK pair found support in the 200-day simple moving average, which caused a surge of the pair. Most recently, the surge was strengthened by the US Federal Reserve announcing US monetary policy tightening. In the case that the surge continues, to pair might aim at the 2021 high level zone of 9.1000/9.2000. A passing of
The surge of the US Dollar, which was caused by the Federal Reserve announcing incoming monetary tightening, has passed 2021 high levels. Due to that reason a review of the chart has been conducted. The index is located in the borders of a large scale channel up pattern since June 2021. In addition, various 2020 high levels could act
Since the drop of the Turkish Lira up to mid-December and the following high volatility, the rate has been trading sideways between two zones. Namely, the rate has been trading between the resistance of the zone that surrounds the 14.0000 mark and the support zone at 12.9300/13.3000. Recently, the 50-day simple moving average has approached the rate and could provide
Since July, the US Dollar has been declining against the Chinese Yuan. Since the July high, the rate has 3.14% or 2053 base points. Recently, the pair booked a low level at 6.3260, before the US Federal Reserve reveled that it would end monetary stimulus. This resulted in a surge to the 50-day simple moving average at 6.3700. If the