GLOBAL EQUITY MARKETS – February 15, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 116.03 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 will act as the next short-term resistance. Uptrend is intact in Global Equities. There is no top reversal chart pattern at this stage on daily scale price chart.
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GLOBAL EQUITY MARKETS – February 8, 2025
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded strongly from support area between 115.68 and 116.7. The breach above 120.3 levels resulted in a H&S top failure and now resuming the uptrend. 123.58 will act as the next short-term resistance. Uptrend is intact in Global Equities. Higher low above the long-term average, following the Jan 25 retest of the 200-day average will be positive.
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CRYPTOCURRENCIES – February 2, 2025
BTCUSD cleared the horizontal resistance at 73.7K to new all-time highs. Clear breakout signal from the broadening pattern on weekly scale. Price is consolidating earlier gains. A possible short-term consolidation is taking place between 109K and 91.2K. ETHUSD with possible H&S continuation in progress. Read More
