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
Since October 26, the USD/RUB has been recovering in a narrow channel up pattern. However, on a larger scale the currency pair remains in a channel down pattern, which captures the pair's moves since April 2021. Most recently, the surge of the rate encountered the resistance of the 200-4 hour period simple moving average at 72.20. The simple moving average provided
Since August 20, the price for US Light Crude Oil had been surging in a channel up pattern, as the price went from $61.80 to $85.40 per barrel. Namely, crude oil surged by almost 40.00%, as the price gained 38.47%. At mid-day on November 3, the price passed the lower trend line of the channel up pattern. In regards
On November 2, the AUD dropped against the Japanese Yen, as the rate's attempts to pass the recently booked 2021 high level were ended by the Reserve Bank of Australia. Namely, the central bank made a Rate Statement, which beat down the value of the Australian Dollar. On the AUD/JPY this resulted in the passing of the support of the
At the start of November, the USD/CHF currency exchange rate's decline passes the late August low level of 0.9100. Namely, the round exchange rate level failed to provide support. Meanwhile, the currency pair remains in the borders of a channel down pattern. If the pair recovers, it would face the combined resistance of the 55-period simple moving average at the
On Friday, October 29, the Germany 40 index found support in the 15,500.00 mark. By doing so, the rate, first of all, reveled a channel up pattern, which captures the October surge. Secondly, the index appears to be heading to this year's high level zone at 15,940.00/16,035.00. A continuation of the surge would most likely test the resistance of the high
The USA Tech index booked a new all-time-high level on Friday, October 29. The index has been surging on both larger and smaller scales, as USA Tech has been surging in a broad channel up pattern since the middle of 2020. Meanwhile, throughout October the index has been surging, supported by an ascending trend line. In regards to the near
The Ethereum cryptocurrency has edged higher by 15.25% against the US Dollar since October 20. The world's second-largest crypto currency breached the 4300,00 on October 29.
The Bitcoin cryptocurrency has declined by 11.48% against the US Dollar since October 20. The blockchain retraced from the previous all-time high at the $65K mark last week.
The Pound Sterling has edged lower by 0.94% against the Canadian Dollar since this week's trading sessions. The currency pair breached the 50– period simple moving average on October 27.
The British Pound has declined by 1.82% against the Australian Dollar since October 18. The 50– period simple moving average has continued to pressure the currency pair lower since the middle of September.
The EUR/CAD currency pair has been trading between the range of 1.4450/1.4300 levels since October 13.
Since October 13, the common European currency has declined by 1.69% against the Australian Dollar. The 50– period simple moving average pressured the currency pair lower during last week's trading sessions.
The Canadian Dollar has surged by 1.81% against the Swiss Franc since October 8. The currency pair tested the resistance level at 0.7492 during this week's trading sessions.
Upside risks have been dominating the NZD/JPY currency pair since the beginning of October. The New Zealand Dollar has edged higher by 7.23% against the Japanese Yen during this period.
The UK100, which compiles the top 100 capitalized UK companies listed on the London Stock Exchange, has edged higher by 2.27% since October 12. The FTSE 100 breached the resistance level at 7243.06 this week.
The dollar index, which measures the US Dollar against a basket of major currencies, has declined by 1.12% since October 10.
The ETH/USD cryptocurrency pair bounced off a support level at 2801.2 on September 30. As a result, the world's second-largest crypto has edged higher by 38.98% since the beginning of October.
The Bitcoin cryptocurrency has edged higher by 56% against the US Dollar since September 30. The cryptocurrency pair breached the $64K mark during the Asian session on Wednesday.
The Eurozone single currency has edged lower by 2.18% against the British Pound since the beginning of October. The currency pair breached the 0.8500 support level last week.
The US Dollar has declined by 1.19% against the Swiss Franc since October 12. The currency pair breached the 50– and 200– period simple moving averages during last week's trading sessions.
Since last week's trading sessions, the common European currency has declined by 2.20% against the New Zealand Dollar. The 50– and 200– period SMAs pressured the currency pair lower last week.
The Australian Dollar has declined by 1.46% against the New Zealand Dollar since last week's trading sessions. The currency pair breached the 50– period simple moving average at 1.0545 last week.