China A50 index breaks pattern

Note: This section contains information in English only.
Source: Dukascopy Bank SA


At the start of 2022, the China A50 stock index broke the channel up pattern, which guided it since late August. The breaking of the pattern occurred due to resistance of the 16,500.00 mark. This level acted as resistance and support both in 2020 and 2021.

A continuation of the decline of the index might aim at the 2019 high and 2020 low level at 14,615.00. However, the stocks could find support in the 15,000.00 mark.

Meanwhile, a potential recovery might find resistance in the combination of the previously passed trend line and the 50-day simple moving average at 15,700.00. Higher above, the 16,000.00 mark might provide some resistance, before the index reaches the 200-day simple moving average near 16,200.00.
Back to articles

Actual Topics

Fri, 14 Jan 2022 09:36:18 GMT

Copper ends sideways trading

Despite piercing the support of the lower trend line of the channel up pattern and the November and December low levels, the price for copper recovered during the same session on December 15. Afterwards, the price started to find support in the channel pattern, before starting a surge. The following surge tested the November high zone for half-a-month. On

Thu, 13 Jan 2022 12:19:43 GMT

USD/MXN finds support in moving average

Throughout 2021, the USD/MXN currency exchange rate has been trading in a wide channel up pattern. In late November, the pair bounced off the pattern's upper trend line and declined. By 2022, the rate had reached the support of the 200-day simple moving average near 20.30. On January 13, the pair was located above the simple moving average. In the

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.