Archive for category: Premium

REVIEW

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.

Since the last update not much has changed on the outlook of the pairs that were covered. This update focuses on four different trade setups. In case of a change in outlook of the previously covered pairs, I will issue an interim report. For now we cover the following 4 pairs. 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.

A volatile week that was driven by the unfortunate events that unfolded around FTX. Many charts had bearish setups prior to the FTX collapse. Markets have always been a discounting mechanism. Most of the bearish setups completed with this week's sell-off. Now our focus is on those support levels that are likely to act as resistances. Let's review our charts. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average which is acting as resistance at 88.9 levels. The ETF recovered above 81.4 levels. Downtrend is intact. I'm still not seeing a well-defined reversal chart pattern to call for a bottom reversal.