Poland 20 Index surges in channel pattern

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


Since booking a 2020 low level at 1,795.00, the Polish top 20 stock index has been recovering in a channel up pattern. By March 25th, the index had reached above the 50-day simple moving average at 2,130.00.

A continuation of the surge of the stocks might encounter resistance in the 2,250.00 mark, which acted as resistance during February. In addition, note the 200-day simple moving average at that level. Higher above, note the 2022 and 2021 high levels at 2,435.00 and 2,485.00.

On the other hand, a decline of Polish stocks would look for support in the 50-day SMA near 2,130.00 and the 2,100.00 mark, before approaching the lower trend line of the channel up pattern near 2,000.00.
Back to articles

Actual Topics

Mon, 28 Mar 2022 10:37:16 GMT

Europe 50 stocks test resistance zone

The European top 50 stock index found support in early March in the late 2020 low level at 3,400.00. The event was followed by a recovery, which since March 15 appeared to be making tests of the resistance of the 3,915.00/4,030.00 zone. This zone had been acting as support since April 2021, before failing in late February of 2022. If

Fri, 25 Mar 2022 11:49:21 GMT

CHF/JPY breaks pattern and jumps

On March 21, the resistance line of the channel up pattern, which had guided the CHF/JPY rate since the middle of 2019, was broken. The event resulted in a sharp surge from 128.00 to 132.70. Meanwhile, it was spotted that round exchange rate levels were acting as both support and resistance. If the Swiss Franc continues to gain against

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.