GLOBAL EQUITY MARKETS – July 30, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Price rebounded from the previous low at 81.4 levels. Breakout above 87 levels completed a possible short-term double bottom with the price target of 92.7 levels. The 200-day average is acting as resistance at 93.8 levels.
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CRYPTOCURRENCIES – July 25, 2022
Price action on many crypto pairs has been muted so far with many charts going through sideways consolidations. Minor lows held but rebounds have been weak.
GLOBAL EQUITY MARKETS – July 23, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average. Price rebounded from the previous low at 81.4 levels. Sharp rally towards 87 levels puts the double bottom reversal possibility on the cards. Breakout above 87 levels can resume the rebound towards 91.7-94 area. Failure to clear 87 levels can result in the latest consolidation becoming a bearish continuation. Until there is a breakout, trading range remains between 81.4 and 87 levels.
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