In early March, the USD/PLN currency pair spiked and shortly traded above the 4.6000 mark. However, throughout the month, the Polish currency has recovered against the USD, as the USD/PLN has step by step retreated below the 2020 and 2021 high level zone at 4.2150/4.3080. On March 30, the pair was looking for support in the 50-day simple moving average at
On March 10, the USD/CNH currency exchange rate broke the channel down pattern's resistance and confirmed the trend line as support during the next day. Since then, the pair has been fluctuating between a support zone at 6.3530/6.3590 and resistance of the 6.4000 mark. However, the 6.4000 mark was pierced once, as the pair booked a March high level
The price of Tesla stock found support in the combination of the 700.00 mark and the 23.60% Fibonacci retracement level at 706.25 in late February. The retracement levels are measured by connecting the 2021 March low and the all-time-high level of November 2021. Since the finding of support, by large, the stock price has been sharply recovering. By March 29, the
At the start of March, the China A50 stock index plummeted below the 2019 high and 2021 low level. The event resulted in the index sharply reaching below the 12,500.00 level, before an assumed intervention by the Chinese government. Namely, the government propped up stock markets and caused a surge to the 14,000.00 level. However, the 14,000.00 level
Last week, the Japan 225 index reached the upper trend line of the channel down pattern, which has guided the stocks down since September 2021. Near term future scenarios were based upon whether the trend line holds. If the stocks bounce off the resistance line, a potential decline is expected to first look for support in the 2021 low
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
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
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
At the start of March, the USD/SEK currency exchange rate booked a high level, as it pierced the 10.0000 mark. After the move above 10.0000, the rate bounced off the 10.0400/10.0720. The event was followed by a decline, which on March 15 reached the 9.4000 mark. Since then, the pair has been trading around this level. If the pair declines
The price for Ethereum has been fluctuating in the range between the support of the 2,165.00/2,315.00 and resistance at 3,200.00/3,300.00. On March 24, it appeared that the pair was heading to the resistance zone. A passing above the resistance zone, might encounter resistance at the 3,400.00 mark, before approaching the 200-day simple moving average at 3,490.00 and the 3,500.00
The India 50 index has not been reviewed since December 2. Since that date the stocks have broken the 2021 ascending channel pattern, revealed a new channel down pattern and an all-time-high resistance zone at 18,380.00/18,600.00. Most recently, during mid-March, the rate surged above the 50 and 200-day simple moving averages and reached the resistance of the 17,500.00 level. In
The zone, which captures the 2021 July, October and November high levels, at 210.40/215.20 provided support to the price for coffee in mid-March. Afterwards, a recovery of the soft commodity price occurred. By March 23, the price had recovered and was heading to the 230.00 level. If the price continues to recover, coffee might encounter resistance in the 230.00 mark,
Australian stocks have been trading in a wide sideways range since April 2021. At the start of 2022, the index bounced off the August 2021 high and declined to the May 2021 low level. By doing so, the stocks revealed a horizontal channel pattern. In February, the index surged until it found resistance in the 200-day simple moving average near
As the world set up sanctions on Russia for invading Ukraine, the price for copper started a surge on February 27. The sharp surge pierced the 2021 high levels and the absolute high level of the year at 4.8900. The surge ended at the 5.0450 mark, as the commodity booked a new 2022 high. Afterwards, the price declined back
Since the last review of the price for natural gas on February 3, the price has bounced off the 5.5175/5.5785 zone, which was marked on the chart. The event was followed by a sharp decline and a short lived piercing of the support of the 4.000 mark. The new reference points were used to mark a channel up pattern.
The USD/DKK currency exchange rate has been in a large scale channel up pattern since late 2020. The pair started March of 2022 with a bounce off from the upper trend line of the channel pattern. Since then, throughout the month the pair has been finding support in the January and February high level zone at 6.6875/6.7000. A recovery of
On the day of the Russian invasion of Ukraine, the USD/ZAR currency pair spiked and the rate broke the channel down pattern, which had guided the rate down since the end of 2021. Initially, the rate surged and found resistance in the 15.5390/15.5750 zone. Afterwards, a decline followed. On March 17, the pair passed below the 15.0000 mark and
Since the last review of the USD/NOK currency exchange rate conducted on February 25, the currency pair has remained in the previous trading range. Namely, the pair is still located below the support of the 2021 high level zone at 9.1000/9.2000 and the support of the 50 and 200-day simple moving averages. However, the rate constantly keeps piercing the
In late February, the Euro has dropped against the Swiss Franc various fundamental aspects. However, the reaching of low levels not seen since 2015 was followed by a recovery, which is clearly fueled by the policy of the European Central Bank and the Swiss National Bank. First of all the European Central Bank has been keeping its monetary stimulus programs intact,
On March 3, the UK100 index plummeted below the 200-day simple moving average and the lower trend line of the channel up pattern, which guided the rate since late November. Moreover, the next day, the index reached below the lower trend line of the pattern, which captures the stock's moves since the coronavirus drop in March 2020. However, the
At the end of February, the price for silver passed above the 2021 high level connecting trend line. Afterwards, the commodity surged to the 27.00 mark and bounced off its resistance. By doing so, the rate revealed a channel up pattern, which captures the 2022 recovery of the metal. On March 15, the price was retracing downwards and was expected
During the first trading sessions of March, the France top 40 stock index plummeted, before finding support in the 5,800.00 mark and the support zone below it. Afterwards, a recovery occurred to the 6,400.00/6,470.00 zone. On March 15, the zone was holding and providing resistance. Meanwhile, the pair was ignoring the 38.20% Fibonacci retracement level of the 2022 high
Since the last review done on February 14, the USD/MXN currency exchange rate declined and found support in the marked channel up pattern's lower trend line. Afterwards, a surge started, which passed the previous 2022 high level at the start of March and eventually almost reached the 21.5000 mark. On March 8, the rate declined and with it revealed a
In mid-February the BTC/USD rate found resistance in the 45,000.00 mark and started a decline. By the end of February, the price found support in the 35,000.00 level and a zone below it. Afterwards, another test of the 45,000.00 level occurred and failed. Namely, the price is fluctuating sideways in a ten thousand US Dollar range between the two