During April, the Germany 40 index has continued to decline from the resistance zone at 14,830.00/14,950.00. During the review conducted on May 6th, it was spotted that the stock index has been declining in a channel down pattern. Most recently, the stocks bounced off the upper trend line of the pattern and declined to once again look for support in
In the aftermath of facing the resistance of the 200-day simple moving average, the USA Tech Stock index started a decline from the 15,275.00 level. In addition, a channel down pattern was revealed, which had guided the index since November. By May 6th, in the aftermath of the Federal Reserve's latest policy announcements, the stocks declined below the March
Since the middle of 2021, the price for copper was surging in a wide channel up pattern. On April 24, the pattern was broken to the downside. On April 29, the price appeared to be consolidating in the 4.4000/4.5000 range. A potential decline of the metal's price might look for support in the late January low level at 4.3000
The surge of the price for natural gas continued throughout April, as the commodity passed above previous high levels and hit levels not seen since 2008. After shortly trading above the 8.0000 mark on April 17, the price retraced to the 2021 high level zone and confirmed it as support. During late April trading, the price of gas started
After breaking the resistance of the 14.75/14.80 zone, the USD/ZAR currency pair started a surge, which was fueled by a decline of the value of the South African Rand and strength of the US Dollar. This resulted in a 7.20% surge from April 18 up to April 25. In addition, the pair has passed below the 15.50 level's resistance. A
As laid out in one of the forecast scenarios on March 28, the Japan 225 index has bounced off the combination of the 200-day simple moving average, the upper trend line of a channel down pattern and the 28,500.00 level. On April 25, the index was retreating to the April low level after a consolidation retracement occurring during the
The decline of the price for platinum has been guided by a descending trend line throughout March and into April. In early April, the commodity found enough support in the trend line and the 950.00 mark to start a recovery. By April 21, the price had encountered resistance in 1,025.00. A decline of the commodity price is expected to look
Throughout April, the price for palladium has been recovering. It was spotted on April 21, that the recovery has been supported by an ascending trend line, which connects the late-March and April low levels. A continuation of the recovery of the metal's price is expected to encounter resistance in the April high level at 2,533.30. Higher above, note the mid-March
The USD/NOK pair passed below the combined support of an ascending trend line and the 200-day simple moving average during mid-March. In late trading of March, the rate found support in the 8.5660/8.6000 zone. Afterwards, up to April 20, the pair has been recovering. However, recently, the USD found resistance in the 8.9000 mark against the Norwegian Krona. If the
At the start of April, the price for Tesla stock encountered the resistance of trend line, which connects the 2021 and 2022 high levels. The following decline eventually found support in the 61.80% Fibonacci retracement level at 975.35. The retracement levels are measured by connecting the 2021 March low level and the all-time-high level of November 2021. A recovery of
Since the last review that was conducted on March 15, the France top 40 stock index has been trading between the support zone at 6,387.00/6,470.00 and resistance at 6,787.00/6,830.00. In the meantime, by April 14 the index appeared to be ignoring the 23.60% Fibonacci retracement level at 6,707.80 and the 50-day simple moving average near 6,625.00. A potential surge of the
Since the low level was booked in the middle of March, the Chinese top 50 stock index has been testing the resistance of the 13,940.00/14,140.00 zone. On April 14, the 50-day simple moving average was approaching the resistance zone from above. In the meantime, the higher low levels, which have been acting as support are marked at 13,200.00 and
Despite piercing the 45,000.00 mark, the BTC/USD did not reach the 50,000.00 level. The pair encountered the 200-day simple moving average near 48,200.00 and started a decline. By the middle of April, the price of the cryptocurrency had passed not only below the 45,000.00, but also the 50-day simple moving average. On April 13, the rate was looking for
The UK top 100 stock index has continued to surge. Most recently, by the middle of April the index almost reached the all time high level zone at 7,700.00/7,740.00. A decline from the resistance zone is expected to look for support in the 50-day simple moving average near 7,400.00 and the 200-day simple moving average at 7,300.00. Further below, note
The Japanese Yen has been massively dropping due to the Bank of Japan easing monetary policy and the economy of Japan lagging behind. Most recently, on the CAD/JPY charts the fundamental move resulted in an almost 10.00% surge from the 92.00 level up to 100.00. During the review that was done on April 12, it was spotted that the pair has
Since the announcement made by the Federal Reserve on March 15, the price for silver has broken the channel pattern, which guided the price up throughout 2022. In late March, the commodity found support in the 24.00 mark and April 12 the price had recovered above the 25.00 level. In the near term future, a potential surge of the commodity
The price for a metric ton of diesel spiked in March, as it shortly reached above the 1,400.00 mark. Since then, the commodity has revealed that it respects the support of an ascending trend line, which connects the last two year low levels. In the meantime, resistance is being provided by a line, which connects March high levels. During the
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