CRYPTOCURRENCIES – April 28, 2024

/0 Comments/in /by

BTCUSD is consolidating earlier gains below the strong resistance area between 65K – 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. This week’s price action is resuming the sideways consolidation. This can be a preparation for a breakout to all-time highs. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and resumed higher with long back to back white candles towards the next resistance at 4,400 levels. Recent pullback found support above 2,800 levels. Uptrend can resume.
Read more

GLOBAL EQUITY MARKETS – April 27, 2024

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF breached the lower boundary of the short-term uptrend and this is now resulting a pullback towards the support area between 106.8-102.3. Price is clearly above the long-term average and the uptrend is intact. Much deeper correction can target the 200-day average at 101 levels. Since October 2023, the index had a strong run and it is totally normal to see consolidation of earlier gains towards the long-term average.

Read more

CHINA SSE 50 INDEX

/0 Comments/in /by

Every week Tech Charts Global Equity Markets report features some of the well-defined, mature classical chart patterns under a lengthy watchlist and the chart pattern breakout signals that took place during that week. Global Equity Markets report covers single stocks from developed, emerging and frontier markets, ETF’s, select commodities, cryptocurrencies and global equity indices. Below charts, China SSE 50 Index and the CSOP China A 50 ETF are from the review and watchlist sections of the weekly report. They are featuring a possible long-term bottom reversal that might be taking place in Chinese equities.

Read more

GLOBAL EQUITY MARKETS – April 20, 2024

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF breached the lower boundary of the short-term uptrend and this is now resulting a pullback towards the support area between 106.8-102.3. Price is clearly above the long-term average and the uptrend is intact. Much deeper correction can target the 200-day average at 100.47 levels. Since October 2023, the index had a strong run and it is totally normal to see consolidation of earlier gains towards the long-term average.

Read more

INTERIM UPDATE – April 18, 2024

/0 Comments/in /by

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 from China equities. Given the bullish outlook on the SSE50 benchmark, I think it is worth paying attention to individual names. These charts will also be included in the weekly update.

Read more

CRYPTOCURRENCIES – April 14, 2024

/0 Comments/in /by

BTCUSD is consolidating earlier gains below the strong resistance area between 65K – 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. This week’s price action is resuming the sideways consolidation. This can be a preparation for a breakout to all-time highs. ETHUSD cleared the upper boundary of the possible rising wedge, held the support level and resumed higher with long back to back white candles towards the next resistance at 4,400 levels. Recent pullback can find support above 2,800 levels.
Read more

GLOBAL EQUITY MARKETS – April 13, 2024

/3 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF breached the lower boundary of the short-term uptrend and this is now resulting a pullback towards the support area between 106.8-102.3. Price is clearly above the long-term average and the uptrend is intact. Much deeper correction can target the 200-day average at 100.47 levels.

Read more

GLOBAL EQUITY MARKETS – April 6, 2024

/0 Comments/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF breached the lower boundary of the short-term uptrend and this can result a pullback towards the support area between 106.8-102.3. Price is clearly above the long-term average and the uptrend is intact.

Read more

CRYPTOCURRENCIES – March 31, 2024

/2 Comments/in /by

BTCUSD is testing the resistance area between 65K – 68K. Breakout above the upper boundary of a rising trend channel started a runaway price movement towards the resistance area. This week’s price action is strong and possibly a preparation for breakout to all-time high levels. 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 towards the next resistance at 4,400 levels.
Read more

GLOBAL EQUITY MARKETS – March 30, 2024

/1 Comment/in /by

REVIEW

The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) reached its long-term H&S bottom price target at 109 levels. The ETF earlier completed a bullish flag which has helped the uptrend resume higher. The ETF formed a tight uptrend channel and the price remains inside the channel. There is no top reversal chart pattern at this stage. Uptrend is intact. During any sharp pullback 106.8-102.3 area can act as support.

Read more