INTERIM UPDATE – Aug 7, 2025
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 Global equities that are close to breakout confirmation levels. These charts will be discussed in the weekend report as well.
CRYPTOCURRENCIES – August 4, 2025
BTCUSD cleared the upper boundary of its possible H&S continuation to new all-time highs. Monitoring price action for a pullback to the broken neckline. ETH starts outperforming BTC in the short-term, re-test of previous lows can form a possible double bottom on the ratio.
GLOBAL EQUITY MARKETS – August 2, 2025
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 123.5 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 123.5 and the minor high at 127 levels, 123.5-127 area will act as support during any pullback. A possible trend channel might be forming with price testing its lower boundary with Friday's sell-off. Breakdown below the lower boundary of the trend channel can result in a correction towards the horizontal support at 123.5 levels.
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