CRYPTOCURRENCIES – January 21, 2024
BTCUSD reached the upper boundary of trend channel between 47K-48K which acted as a valid resistance. ETHUSD cleared the upper boundary of the possible rising wedge which is bullish for the short/medium-term. Read More
GLOBAL EQUITY MARKETS – January 20, 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 by a sideways consolidation between 102.3 and 99.5 levels. 97.4-99.5 area is the strong short-term support area. Breakout above 102.3 levels can complete a possible bullish flag and push the ETF higher towards 109 levels.
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GLOBAL EQUITY MARKETS – January 13, 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 by a sideways consolidation between 102.3 and 99.5 levels. 97.4-99.5 area is the strong short-term support area. Failure to hold above 99.5 levels can push the ETF lower to the next support at 97.4 levels. Breakout above 102.3 levels can complete a possible bullish flag and push the ETF higher towards 109 levels.
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