Archive for category: Premium

BTCUSD reached rectangle price target at 38K. Uptrend remains intact. Short-term consolidation below 38K can act as a bullish continuation. ETHUSD chart might be forming a rising wedge with the upper boundary acting at resistance at 2260 levels. ETHUSD also has a channel price target at 2260 levels, an inflection point. Read More

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. Strong open to the week with a gap was followed by continued strength that pushed the ETF towards the minor resistance at 97.4 levels. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. Short-term resistance is at 97.4 and support is at 94.1 level. During any pullback the ETF can fill the gap above 94.1 levels. Long-term H&S bottom price target stands at 109 levels.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. The gap around 93 levels is filled. There is a wider gap below the 200-day average that might get filled. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. One possibility is that the ETF can pullback to fill the larger gap and form the right shoulder of a short-term bottom reversal. The ETF can resume higher without any pullback. In that case I will continue to take breakout signals on single equities.

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) had an impressive rebound towards the 200-day average. Sharp rebound from 90 levels left few gaps that might get filled in the next few trading sessions. With the recovery above the 200-day average, I will start monitoring the chart with a bullish perspective. One possibility is that the ETF can pullback to fill the gaps and form the right shoulder of a short-term bottom reversal. Breach of a 200-day moving average both on the upside and on the downside is not a trading signal for me. I would like to see a classical chart pattern completion. The ETF can resume higher without any pullback. In that case I will continue to take breakout signals on single equities.