Entries by Aksel Kibar

GLOBAL EQUITY MARKETS – July 27, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Larger-scale correction can target the 200-day average around 106.25 levels. This week's sharp pullback found support between 110.45-112.6 area.

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SPDR S & P INTERNATIONAL DIVIDEND ETF (DWX)

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Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below chart, SPDR S & P INTERNATIONAL DIVIDEND ETF (DWX) is from the watchlist sections of the weekly report. The ETF is possibly forming 2 different H&S continuation chart patterns.

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CRYPTOCURRENCIES – July 21, 2024

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BTCUSD quickly recovered above 60K. Emphasizing the importance of focusing on the longer-term uptrend. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels.
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GLOBAL EQUITY MARKETS – July 20, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF had a strong run following the breakout from one month-long bullish flag. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well. Larger-scale correction can target the 200-day average around 105.90 levels.

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GLOBAL EQUITY MARKETS – July 13, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF completed the one month-long bullish flag forming between 110.45 and 112.6 levels. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels. Short-term corrections and consolidations are part of any strong uptrend and should be expected with this ETF as well.

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CRYPTOCURRENCIES – July 7, 2024

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BTCUSD broke down support at 60K. Previous support becomes the new resistance. Price is still above the year-long average and should be considered to be in an uptrend. ETHUSD re-tests the support at 2,800 levels. Possible rectangle with both boundaries well-defined. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels.
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GLOBAL EQUITY MARKETS – July 6, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its long-term average and resuming the steady uptrend. 112.6 levels becomes the short-term support after the ETF completed the one month-long bullish flag forming between 110.45 and 112.6 levels. Breakout is now resuming the uptrend. Bullish flag price target is around 120 levels. Strong support area is between 110.45 and 112.6 levels.

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GLOBAL EQUITY MARKETS – June 29, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. Price is clearly above the long-term average and the uptrend is intact. 110.45 levels becomes the short-term support. A wider support area is between 106.8 and 110.45 levels. There is a possibility of a one month-long bullish flag forming between 110.45 and 112.6 levels. Breakout can resume the uptrend. Failure to hold above 110.45 levels can result in a pullback towards the 200-day average around 104.16 levels. Bullish flag price target is around 120 levels.

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CRYPTOCURRENCIES – June 23, 2024

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BTCUSD is consolidating earlier gains below the strong resistance area between 65K - 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. 60K continues to be an important support and an inflection point. ETHUSD had a sharp rebound from 2,800 levels and kept the uptrend intact. Price might be forming a possible cup & handle continuation. ETHBTC chart rebounded from strong support area. Strong monthly close in May kept the trading range between 0.05 and 0.08 levels.
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GLOBAL EQUITY MARKETS – June 22, 2024

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. Price is clearly above the long-term average and the uptrend is intact. 110.45 levels becomes the short-term support. A wider support area is between 106.8 and 110.45 levels. There is a possibility of a one month-long bullish flag forming between 110.45 and 112.6 levels. Breakout can resume the uptrend. Failure to hold above 110.45 levels can result in a pullback towards the 200-day average around 104.16 levels. Bullish flag price target is around 120 levels.

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