Japan index aims at all-time high

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


Throughout 2021, the Japan 225 index has been trading between the support of 26,900.00/27,150.00 zone and the resistance of 30,590.00/30,830.00. Namely, the rate made two attempts to pass the resistance zone and kept finding support in the support zone since May.

Most recently, in early October, the index bounced off the support zone and started a surge. By examining the four hour candle chart it can be spotted that since October 10 the index has been trading in a channel up pattern. Meanwhile, round price levels have been impacting the price. Namely, note the support of the 28,500.00 and 29,000.00 levels and the resistance of 29,500.00 and 30,000.00.

On a smaller scale, it can be observed that round price levels like the 29,600.00 and 29,800.00 have been providing short term support and resistance. In addition, the 50 and 200-four hour period simple moving averages have acted as support and resistance.

In regards to the future, the index could reach for the support of the channel up pattern near the 29,000.00 level and the 200-period simple moving average. In the case that the index breaks the pattern and declines, it could look for support in the 28,380.00/28,500.00 zone.

On the other hand, a surge, even in the borders of the pattern, would encounter resistance at round price levels, before reaching the 2021 high level zone.
Back to articles

Actual Topics

Fri, 12 Nov 2021 13:49:49 GMT

USD/CNH approaches 2021 low level

From mid-June up to the middle of September, the USD/CNH tried to and failed at passing the 6.5000 level and a zone that surrounds it. The rate bounced off the resistance and revealed that it is trading in a channel down pattern during the middle of October. Most recently, the channel down pattern has guided the rate down to

Thu, 11 Nov 2021 09:25:54 GMT

Silver surges in channel

Since September 2020, the price for silver has never declined below the support zone of 21.50/22.00. Namely, the support zone kept the rate up in September and December of 2020. More recently, in May 2021, the price of the commodity tested and bounced off the resistance of the 28.60/28.80 zone. This resulted in a decline, which reached the 21.50

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.