Charts Interpretation - Global
Let's start off with the overall weekly ranking:
Now let's dive into some countries' ETF of interest:
In the Americas, Brazil is strong although currently a tad overextended, a short term pullback is likely.
In APAC, Indonesia and Philippines are both strong but overextended, New Zealand is strong on a relative basis but less so on an absolute basis, still some overhead resistance to clear.
In EMEA, Poland and Qatar are strong, Switzerland has relative strength but still in a downtrend on absolute basis.
Interesting week ahead!
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