The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) made an other attempt to challenge the long-term 200-day average. 87.97-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Recovery above the long-term average will signal a new uptrend for Global Equities.
Read More
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.
Read More
Dear Tech Charts Members,
Another year is behind us. I want to take this opportunity to Thank you all for being part of Tech Charts community. It has been a great year of finding out, sharing, communicating and improving. Our engagements, be it through social media or through e-mails, helped me to make the service better and review what I can add more that would help you to make better financial decisions. I'm grateful for having you as members and part of our community. I look forward to serving you in the New Year with great chart pattern ideas, educational videos and with many more new interactive content.
I wish you all a healthy and successful New Year.
Regards, Aksel Kibar, CMTThe benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to clear its 200-day average which is resulting in a downtrend towards 81.4 levels. It is now clear that 88.06-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Until that happens we continue to view the chart as a downtrend. Price continues to remain below strong resistance area.
Read More
Downtrends continue to be intact in most of the cryptocurrency pairs as come to year end. Several pairs have been forming tight consolidations over the past few months and these consolidations are still not resolved in any direction. The implication of these low volatility period is high volatility and trend which is likely to follow in the coming weeks. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to clear its 200-day average which is resulting in a downtrend towards 81.4 levels. It is now clear that 88.19-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Until that happens we continue to view the chart as a downtrend.
Read More
We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) failed to clear its 200-day average which is resulting in a downtrend towards 81.4 levels. It is now clear that 88.36-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Until that happens we continue to view the chart as a downtrend.
Read More
Dear Tech Charts Members,
We are continuing our Member webinar series with chart pattern reliability and how the latest market conditions have impacted success rates on different chart patterns. We plan to have an interactive session and an open discussion to answer members' questions on different markets and specific charts of interest. Please send your charts and questions to aksel@techcharts.net, and I will add them to the webinar discussion points.
Scheduled for: Thursday, December 15, 8:30 am mountain (register below)
Read More
Low volatility conditions continue on many cryptocurrency pairs. Tight consolidation have been intact for the past one month and are likely to be followed an increase in volatility and directional movements. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is consolidating around its 200-day average at 88.4 levels. The ETF is looking for direction. On the daily scale price action is going through low volatility condition which is usually followed by directional movement. Next week will be important in understanding the short/medium-term trend direction. Failure to recover and stabilize above the 200-day average can result in a downtrend towards 81.4 levels. Another strong daily price action towards 90 levels can start a new uptrend above the long-term average.
Read More
