Archive for category: Premium

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 114.6 and 116.7. One possibility is the developing H&S top if the support area is broken down. A breach above 120.3 levels can result in a H&S top failure and resume the uptrend. Breakdown of the support area (I would like to see a decisive close below the 200-day average to confirm the H&S top) can target 110.5 levels. For now price action looks like a reversion to mean similar to Aug 24. Continued consolidation above the year-long average can be a preparation for breakout higher.

BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. The daily scale chart is headed for a short-term H&S top failure if price can clear 100K. ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still hasn't cleared the 4,000 levels. Read More

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Aksel Kibar, CMT

BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains.  ETHUSD breaks the upper boundary of its short-term consolidation at 2,800 levels and pushes above the year-long average though still hasn't cleared the 4,000 levels. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared the horizontal resistance at 116.7 levels and possibly completed a 2 month-long cup & handle continuation with a price target of 128 levels. Strong support area for ACWI ETF is between 113.93 and 116.7. Short-term support is the lower boundary of the upward sloping channel at 120 levels. Uptrend is intact. The ETF continues to remain in a rising trend channel with higher highs and higher lows. Breakout above the minor high at 121.85 is resuming the uptrend towards the cup & handle price objective.