Since late October, the USD/RUB currency exchange rate was surging in a channel up pattern. The pattern captured the ongoing tensions between the west and Russia. Namely, a run of capital from Russia was taking place due to the tensions. Most recently, on February 7, the President of France Emmanuel Macron visited Russia for talks. On that day, the
The US Small Caps 2000 index passed below the support zone of 2,085.00/2,135.00 on January 19. Since then, the stocks have reached and shortly traded below the 1,900.00 mark and the 2021 low level of 1,938.00. In the aftermath of the drop, the index has retraced back up to the resistance of the 2,050.00 mark. If the stock index declines, it
On January 19, the USA 500 stock index broke the channel up pattern, which captured a surge since late 2020. Afterwards, the index retreated to the 50.00% Fibonacci retracement level of the 2021 high and low levels. Most recently, on February 1, the stock index bounced off the resistance line, which connects the 2022 high levels. Meanwhile, it was
In mid-January, the price for natural gas broke the resistance line of the channel down pattern, which captured the rate's decline since October. After a short retracement down, at the end of January, the commodity price started to surge. On February 2, the price rached the late November high level at 5.5000. In the case that the price reaches above the
At the start of Wednesday's US trading, the price for Alphabet hit a new all-time high level at $3,030.00. The stock jumped at the start of trading due to better than forecast quarterly earnings report. The company has grown its year-on-year revenue by 40.00%. Due to that reason, a review of the technical chart is being conducted. In general, after
Since the last review of the USD/CHF chart, the pair has made two attempts to reach the resistance zone of the September and November high levels at 0.9335/0.9375. Meanwhile, after each failed attempt the rate retraces to the support zone at 0.9090/0.9105. In addition, it has been observed that the rate has been ignoring the 50 and 200-hour simple moving
The price for Light Crude oil has passed the 2021 high level zone. The commodity price continues to book new high levels, as it approaches the $90.00 mark. In addition, it was spotted that since late December the price has been surging in a narrow channel up pattern. A continuation of the surge is expected to find resistance in round
At the start of January, the Germany 40 stock index bounced off the resistance of the 2021 high level at 16,300.00. Afterwards, a decline occurred, which eventually found support in the May and October low level zone near 14,850.00. By February 1, the index had returned to the resistance of the 50 and 200-day simple moving average near 15,650.00.
After booking a new all-time-high level near the 37,000.00 mark, the USA30 index started a decline at the start of 2022. On January 24, the index hit a low level at 33,150.00, before starting a minor recovery. On February 1, the US stocks had reached above the 200-day simple moving average and the 35,000.00 mark, which appeared to have
Since July 2021, the price for silver has been trading between a support zone at 21.50/22.00 and the resistance of the 200-day simple moving average. In mid-January, the price bounced off the simple moving average near 24.60 and started a decline. On January 31, the commodity was approaching the 22.00 mark. A bounce off from the 21.50/22.00 zone would most likely
The USD/ZAR currency exchange rate has been trading in two channel patterns. First of all, since early summer the pair has been surging in a channel up pattern. More recently, in late November the rate bounced off the upper trend line of the channel pattern and formed a smaller scale channel down. At the end of January, the currency
On January 13, the USD/NOK pair found support in the 200-day simple moving average, which caused a surge of the pair. Most recently, the surge was strengthened by the US Federal Reserve announcing US monetary policy tightening. In the case that the surge continues, to pair might aim at the 2021 high level zone of 9.1000/9.2000. A passing of
The surge of the US Dollar, which was caused by the Federal Reserve announcing incoming monetary tightening, has passed 2021 high levels. Due to that reason a review of the chart has been conducted. The index is located in the borders of a large scale channel up pattern since June 2021. In addition, various 2020 high levels could act
Since the drop of the Turkish Lira up to mid-December and the following high volatility, the rate has been trading sideways between two zones. Namely, the rate has been trading between the resistance of the zone that surrounds the 14.0000 mark and the support zone at 12.9300/13.3000. Recently, the 50-day simple moving average has approached the rate and could provide
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
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
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
Since the last review, the price for Ethereum has broken the wide channel up pattern that guided the price since June. The breaking was followed by a decline below the December and mid-October low level zone at 3,383.00/3,500.00. In early January, the pair passed the support of the zone and the 200-day simple moving average and declined to the
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
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
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
As reported on December 1, the price for BTC broke the channel up pattern on November 26. The event was followed by a decline, which recently reached the 40,000.00 mark and a support zone that surrounds it. In addition, it was spotted at the start of January that the decline had taken the form of a narrow channel down pattern.
In December, the price for Brent crude oil revealed a support zone between the $65.00 and $70.00 levels. The zone was the catalyst for a surge, which by January 12 had almost reached the $85.00 mark. A continuation of the surge of the commodity price was highly likely to test the resistance of the 2018 and 2021 high level
The price for natural gas declined more sharply than expected, as the price broke the previous channel down pattern. The decline eventually stopped and the commodity began to trade sideways. In general, note three facts. The channel down pattern's lower trend line was revealed to be lower. The rate finds support in a support zone at 3.5170/3.5800. Meanwhile, resistance