BTCUSD cleared the upper boundary of trend channel and once again tested the 65K resistance. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards 65K. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and now accelerating the uptrend with long back to back white candles. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trending towards the long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. Global Equity benchmark is now getting closer to a resistance area. 106.8-109 area can act as resistance and pause the existing uptrend. There is no top reversal chart pattern at this stage.
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trending towards the long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. Global Equity benchmark is now getting closer to a resistance area. 106.8-109 area can act as resistance and pause the existing uptrend. There is no top reversal chart pattern at this stage.
BTCUSD reached the upper boundary of trend channel once again this time at 52K which is acting as a valid resistance. Breakout above the upper boundary of a rising trend channel can start a runaway price movement towards 65K. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and now accelerating the uptrend. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. The upper boundary of the flag at 102.3 will act as short-term support during any pullback. The ETF had a volatile week with a gap open lower followed by a sharp rebound to test the minor high at 105.6 levels. Short-term setbacks are part of a steady uptrend.
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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 up 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.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by completion of a possible bullish flag. Larger scale H&S pattern price target for the ETF stands at 109 levels. The upper boundary of the flag at 102.3 will act as short-term support during any pullback.
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BTCUSD reached the upper boundary of trend channel between 47K-48K which acted as a valid resistance. 40K short-term horizontal support is still holding on a weekly closing basis. ETHUSD cleared the upper boundary of the possible rising wedge and it is also holding the support level on a weekly closing basis. Read More
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by completion of a possible bullish flag. This week's FED event resulted in a pullback to the upper boundary of the bullish flag at 102.3 levels. Breakout above 102.3 levels can push the ETF higher towards 109 levels. Short-term support area is between 99.5 and 102.3.
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The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed completion of a possible bullish flag. Breakout above 102.3 levels can push the ETF higher towards 109 levels. Short-term support area is between 99.5 and 102.3.
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