CRYPTOCURRENCIES – November 27, 2022
Since the last update not much has changed on the outlook of the pairs that were covered. This update focuses on four different trade setups. In case of a change in outlook of the previously covered pairs, I will issue an interim report. For now we cover the following 4 pairs. Read More
GLOBAL EQUITY MARKETS – November 26, 2022
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) remains below its 200-day average which is acting as resistance at 88.5 levels. This is now the second test of the 200-day average in the same month and the third test in the same year. We will learn shortly if this is another reversion to the mean in a steady downtrend or the beginning of a new uptrend with the breach of strong resistance area. The inflection area is between 88.5 and 89. Failure to clear the strong resistance area can result in a weakness towards the minor low at 85 levels.
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INTERIM UPDATE – November 22, 2022
I start my research on Mondays and finalize by end of day Thursday. Friday is dedicated to putting all ideas to the report format. During the week I come across good setups and those are featured in the weekly report. However, there are those that pop during the week and is worth bringing to your attention before the week finalizes. Below are the latest additions to Tech Charts watchlist. These charts will also be included in the weekly update.
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