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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CRYPTOCURRENCIES – January 7, 2024
BTCUSD resumes its uptrend with forming short-term bullish continuation patterns. Next upward momentum can push price towards the upper boundary of trend channel between 47K-48K. ETHUSD reached its channel price target at 2,260 levels and now challenging the upper boundary of the possible rising wedge. Breakouts above the upper boundary of a rising wedge is usually followed by strong rallies. Read More
GLOBAL EQUITY MARKETS – January 6, 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 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.
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