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
The US Small Caps 2000 index, which captures 2000 small market capitalization companies of the US, has been going nowhere throughout 2021. Namely, with one exception, the index has been trading sideways between a support range at 2,085.00/2,135.00 and resistance at 2,320.00/2,370.00. The exception was the November surge to the 2,461.80 level. Most recently the index bounced off the resistance
At the start of 2022, the USA 500 stock index booked a new all-time-high level. However, immediately afterwards the index started a decline, which recently reached below the 50-day simple moving average. If the index continues to decline, it might look for support in the lower trend line of the channel up pattern, which has guided the index since late
The EUR/NZD currency exchange rate has been trading sideways since the start of December. Namely, the pair fluctuates between the support zone at 1.6515/1.6560 and resistance at 1.6775/1.6840. A surge above the resistance zone might eventually reach the resistance of the August high level at 1.7170. However, the 1.7000 mark could stop a potential surge. On the other hand, a decline
The USD/RUB ended its sideways trading in the 73.20/74.50 range by surging. The surge passed the zone of the resistance and support zone of 75.30/75.80. During the first week of the year, the pair touched the 77.20 level, which acted as resistance. On January 7, the currency pair had retraced back down to the 75.30/75.80 zone A continuation of the
On December 15, the NZD/USD currency exchange rate ended a 515 base point or 7.15% decline from 0.7220. The decline ended at the 0.6700 mark, which provided support on three trading sessions. Meanwhile, resistance has been found in a zone that surrounds the 0.6850 mark. Most recently, the rate bounced off the 0.6850 zone and began a decline, which on
The USD/CHF rate has reached the support zone at 0.9090/0.9105. Once again, the support zone has held and a recovery appeared to have started in 2022. On January 6, the currency pair was being held down by the 50-day simple moving average near 0.9210. A breaking of the resistance of the 50-day simple moving average might result in a surge
Since the last review of the USA Tech stock index review, it has revealed high and low level zones, which capture its high volatility of November and December. Namely, support is located at 15,500.00/15,550.00 and resistance is at 16,670.00/16,770.00. Most recently, on January 6 the index approached the support zone. In the case that the index passes below the support
The price for light crude oil has passed the resistance of the 73.00/74.00 zone and the 50-day simple moving average. Next target for the price, at the start of 2022, was the 78.00/80.00 zone. A breaking of the resistance at 78.00/80.00 could result in the commodity price reaching the 2021 high level zone at 85.00/85.40. Meanwhile, a decline of the
At the start of 2022, the USA 30 Index passed the November and December high level zone at 36,500.00/36,700.00 . On December 4, the index appeared to be finding support in the zone. Meanwhile, in regards to the future, one can observe two hints on the chart. The rate has been finding both resistance and support in round price
During Tuesday's early European trading hours, the German top 40 stock index surged, as it reached above the 16,000.00 mark. In the near term future, the index was expected to reach the 2021 high level at 16,300.00. A continuation of the surge of the German index could find resistance in round price levels like the 16,400.00 and 16,500.00 marks. However, take
The support of the 50.00% Fibonacci retracement level at 892.23 was strong enough to cause a sharp surge. The surge slowed down near the upper trend line of the channel down pattern, during the last day's of 2021 trading. Afterwards, after a short lived retracement down to the support of the 50-day simple moving average, the stock price jumped
On December 20, the stock price for Alphabet found support in the lower trend line of the channel up pattern, which had guided the stock price up since the 2020 March coronavirus stock drop. In the near term future, the share price was expected to test the resistance of the November high levels at 3,005.00/3,020.00. Note that the November high
Since June, the stock price of Wal-Mart Stores has been trading in a sideways range between a support zone at 135.00 and the resistance of the 152.75 level. However, it was recently spotted that the stock price faces a resistance zone at 146.70/148.20. The resistance zone reversed a recent recovery of the asset price. Most recently, the price had
At the start of December, the USD/RUB passed the support of the lower trend line of the channel up pattern, which guided it since late October. Throughout December, the pair has been trading between the resistance of the 61.80% Fibonacci retracement level at 74.50 and a zone below it and a support zone at 73.20/73.30. Meanwhile, the 200-day simple moving
The EUR/CHF has broken the channel down pattern, which guided it since mid-September. The rate broke the pattern by trading sideways in a set range since the end of November. Namely, the pair finds support at 1.0377/1.0390 and resistance is located at 1.0450/1.0465. If the rate breaks the resistance zone, it could stop at the 2020 low level at 1.0510
On December 21, the stock price for Advanced Micro Devices pierced the upper trend line of the channel down pattern, which had guided the rate down from the all-time-high levels. Meanwhile, note the all-time-high level zone, which could act as resistance and the support of the 130.00/134.30 zone. If the stock price starts a recovery, it could find resistance at
During the middle of December, the stock price of Nvidia appeared to be finding support in the 268.00/272.00 zone. The zone acted as resistance in early November. Meanwhile, note that the price recently ignored the support of the 50-day simple moving average near 281.00. A potential surge of the stock could find resistance in the November and December high levels