GLOBAL EQUITY MARKETS – April 13, 2024
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
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
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
