Archive for category: Premium

BTCUSD challenges the short-term support at 101.5K horizontal resistance. Breakdown can result in a deeper correction, though can still keep the bullish outlook intact. ETH starts outperforming BTC in the short-term, re-test of previous lows can form a possible double bottom on the ratio.

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REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. After clearing the horizontal resistance at 124, 120-124 area will act as support during any pullback. Outlook is positive for Global Equities. Given the geopolitical tensions, Global Equites can use this as a reason for pause and reversion to the mean.  

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. This week's strength cleared the horizontal resistance at 124. 120-124 area will act as support during any pullback. Outlook is positive for Global Equities.  

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) did a round trip after the sharp sell-off and reached its all-time highs around 124 levels. The fact that the ETF cleared its 200-day average and moved significantly above it can be analyzed long-term positive as pullbacks and consolidations are likely to find support above the 200-day. I will monitor the ETF to see if it will stabilize above the long-term average in preparation of resuming higher. This can be the short breather after the ETF had a strong rebound. During the consolidation the ETF can form a possible H&S pattern with the neckline at 124 levels. 117.12-120 area will act as support during pullback. Outlook is positive for Global Equities.