USA Tech stocks reveal new pattern

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


The US Tech stock index has revealed a channel down pattern, which has guided the index since late November. Most recently, the rate was approaching the upper trend line of the channel pattern. However, take into account that on February 10 the US Consumer Price Index was set to be released. The event was expected to cause a fundamental adjustment, which could break the resistance of the pattern.

A potential surge of the index would find resistance in the December low level zone and the 50-day simple moving average at 15,500.00. Higher above, the all time high level zone would act as resistance at 16,650.00./16,750.00.

On the other hand, a potential decline of the index could look for support in the 14,500.00 level, before reaching the January low levels and the lower trend line of the channel down pattern.
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Thu, 10 Feb 2022 11:34:04 GMT

NZD/USD breaks long term pattern

At the end of January, the NZD/USD currency exchange rate broke the channel down pattern, which guided the rate down throughout 2021. Meanwhile, the pair has been declining since the start of November in a smaller channel down pattern. A continuation of the currency pair might look for support in the 0.6550 mark, which stopped the January decline.

Wed, 09 Feb 2022 11:31:40 GMT

EUR/GBP declines in a channel

Since February 2021, the EUR/GBP currency exchange rate has been declining in a wide channel down pattern. From a larger fundamental perspective the trend can be explained with the fact that the European Central Bank ignores inflation and keeps monetary stimulus intact, and the Bank of England has been reducing stimulus and even implemented interest rate hikes. Namely, the

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