Since the last review done on February 14, the USD/MXN currency exchange rate declined and found support in the marked channel up pattern's lower trend line. Afterwards, a surge started, which passed the previous 2022 high level at the start of March and eventually almost reached the 21.5000 mark. On March 8, the rate declined and with it revealed a
In mid-February the BTC/USD rate found resistance in the 45,000.00 mark and started a decline. By the end of February, the price found support in the 35,000.00 level and a zone below it. Afterwards, another test of the 45,000.00 level occurred and failed. Namely, the price is fluctuating sideways in a ten thousand US Dollar range between the two
Since the previous review of the USSC2000 index on February 7, the index has been respecting the Fibonacci retracement levels at 2,100.00 and 1,890.00. In addition, the index is being impacted by the 2021 low levels at 2,033.50 and 1,938.00. Moreover, the 50-day simple moving average has approached the stocks from above and is acting as resistance. If the stocks resume
The GBP/AUD currency exchange rate has been plummeting since the start of February. Namely, the pair tested the 2021 high level at the end of January and end of February. After a failure to book a new high level, the pair began to decline. On March 6, the pair had already reached the low level of April 2021. During
Sanctions that were set on Russia caused a jump of all oil prices. On the Brent oil price charts it resulted in the breaking of ascending channels and passing of 2014 high levels. Most recently, on March 8, the pair passed above the 130.00 mark. Meanwhile, note that the price is not trading technically. Namely, all moves occur due to
Since November 2021, the AUD/NZD currency exchange rate has been surging in a channel up pattern. Most recently, the rate encountered resistance in a zone that is located below 1.0800. The following decline passed the support of the 50-day simple moving average near 1.0700. If the pair continues to decline, it would look for support in the 1.0650 mark. Meanwhile,
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