In early March, the EUR/GBP currency pair shortly reached below the 2019 and 2020 low levels near 0.8280. Afterwards, a surge up to the 0.8500 mark occurred. On April 11, the currency exchange rate was trading near the 0.8350 mark. Meanwhile, it was spotted that throughout April, the pair was respecting the support and resistance of round exchange rate
Throughout March the value of the Japanese Yen has been plummeting on all charts. On the CHF/JPY rate it has taken the form of a 7.50% or 932 base point surge. At the start of April, the surge of the rate had slowed down, as it revealed a resistance zone. Meanwhile, late March low levels pinpoint the location of a
Since March 17 up to April 4, the US top 2000 small market capitalization stock index tested the resistance zone at 2,085.00/2,140.00. On April 4, the stocks bounced off the resistance zone. By April 8, the index had reached and shortly pierced the support of the 2,000.00 mark. If the index continues to decline and clearly passes below the
At the start of April, the GBP/AUD currency exchange rate hit the 2018 low level at 1.7210. Moreover, on April 4, the rate shortly traded below the historical low level. However, a recovery followed, which on April 7 was approaching the 1.7500 mark. If the Pound surges, compared to the Australian Dollar, above the 1.7500 mark, the rate might
In the second half of March, the EUR/CHF currency exchange rate bounced off the 1.0350/1.0400 zone. By doing so, the pair also revealed a resistance line, which has guided the rate down since early February. On April 7, the pair had retreated, as it had once again returned to trade below the 2015 post-unpegging of the Swiss Franc from
The price of US light crude oil did not reach above the 130.00 mark during March. Instead, the pair retraced to a support zone at 93.00/96.00. The zone acted as resistance during February trading. Afterwards, a recovery found resistance at 115.00, before starting a decline back to the support zone. In the meantime, it was spotted on April 6th that the
In mid-March the USA top 500 stock index started a recovery, which saw the stocks recover back to the February high levels and even reach above them. However, before the index reached the 4,650.00 mark, the index started a minor decline. Initially, the decline was finding support in the 200-day simple moving average. On April 5th, the index passed
During late February, the NZD/USD currency pair broke the channel down pattern, which had guided the rate since November. By the start of April, the pair had formed an ascending channel. Most recently, the pair was finding support in the 200-day simple moving average and the 0.6900 mark. If the pair continues to surge, it is expected to be slowed
Throughout the first half of March, the USA Tech stock index was looking for support in the 13,000.00 zone and the 12,975.00/13,120.00 zone. On March 15, the US Federal Reserve hiked interest rates by 0.25% instead of 0.50%. The markets took it as a signal that supply of the US Dollar would not be decreased, and a stock surge
The breaking of the triangle pattern resulted in a sharp surge. The surge eventually hit the early 2021 high level zone at 0.9460/0.9475. The zone's resistance held and the pair started a decline. By April 4, the US Dollar's decline against the Swiss Franc had touched and found support in the 0.9200 level. If the pair continues to decline, it
Throughout most of March, the price for Brent crude oil was massively volatile, as the Russian invasion of Ukraine has caused major moves in energy markets. In general, the price spiked to a zone at 130.85/133.15, before declining down below the 100.00 mark only a week after. Namely, the range of volatility was 36.18 USD during a couple of
The German top 40 stock index hit a low level on March 6 at 12,450.00. This level is notable with the fact that it had acted as resistance and support to surges since 2018. The level has been capable of reversing one month long recoveries and keeping the index from declining for a period of up to three months.
The USA30 stock index has broken the channel down pattern, which guided the stocks down since the start of 2020. The breaking of the pattern occurred on March 19, as the pair reached above the mid-December low level and the upper trend line of the pattern near 34,700.00. By April 1st, the index had reached the 35,350.00 level, before
Since global inflation started to reach record high levels during late 2021, the prices for food has been skyrocketing. On the Soybean price charts it has resulted in a 47.70% surge from the November low level up to the high that was hit on February 24. However, since late February and throughout all of March, the price has been fluctuating
First of all, since the last review of the USD/SGD pair done on February 17, the currency exchange rate has broken the channel down pattern that guided the rate down since early December. Since the breaking of the pattern, in March, the pair approached the 1.3700 mark, before declining back down. On March 31, it was spotted that the
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