USA Tech stocks pierce 14,000.00 mark

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


The USA Tech stock has plummeted, as incoming US rate hike has caused an end of the channel up pattern, which guided the rate since June 2020. Afterwards, the index shortly found support in the 200-day SMA, before eventually piercing the 14,000.00 mark on January 24, as a sell off was occurring.

In the near term future, the continuation of the decline might look for support in the 13,500.00 mark, before aiming at the 13,000 level. Both of these levels had acted as resistance and support during the surge of US tech stocks.

Meanwhile, a potential recovery of the index would have to pass the resistance of the 14,500.00 mark and the 15,000.00 level together with the 200-day SMA.

However, most likely, the future depends on the US Federal Reserve events on Wednesday at 19:00 GMT, not technical analysis.
Back to articles

Actual Topics

Thu, 27 Jan 2022 11:20:45 GMT

USD/CNH declines in a pattern

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

Tue, 25 Jan 2022 12:41:53 GMT

USD/RUB is pushed up by central bank

On January 24, the USD/RUB recently reached the upper trend line of the channel up pattern, which had guided the rate since late October. Moreover, the pair has passed the 2021 April high level. The whole pattern can be attributed to tensions between Russia and Western countries. Meanwhile, the recent surge occurred due to the announcement of the Russian Central

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
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.