CRYPTOCURRENCIES – February 4, 2024
BTCUSD reached the upper boundary of trend channel between 47K-48K which acted as a valid resistance. 40K short-term horizontal support is still holding on a weekly closing basis. ETHUSD cleared the upper boundary of the possible rising wedge and it is also holding the support level on a weekly closing basis. Read More
GLOBAL EQUITY MARKETS – February 3, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed by completion of a possible bullish flag. This week's FED event resulted in a pullback to the upper boundary of the bullish flag at 102.3 levels. Breakout above 102.3 levels can push the ETF higher towards 109 levels. Short-term support area is between 99.5 and 102.3.
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GLOBAL EQUITY MARKETS – January 27, 2024
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) cleared both minor resistances at 97.4 and 99.5 levels. The ETF is clearly above its 200-day average and in a steady uptrend. Long-term H&S bottom price target stands at 109 levels. Breakout above 99.5 levels is now followed completion of a possible bullish flag. Breakout above 102.3 levels can push the ETF higher towards 109 levels. Short-term support area is between 99.5 and 102.3.
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