GLOBAL EQUITY MARKETS – December 2, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. The ETF is holding on to its gains and resuming towards the next resistance at 99.5 levels. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. During any pullback the ETF can fill the gap above 94.1 levels, which could be considered as a pullback to the long-term average. Long-term H&S bottom price target stands at 109 levels.
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CRYPTOCURRENCIES – November 26, 2023
BTCUSD reached rectangle price target at 38K. Uptrend remains intact. Short-term consolidation below 38K can act as a bullish continuation. ETHUSD chart might be forming a rising wedge with the upper boundary acting at resistance at 2260 levels. ETHUSD also has a channel price target at 2260 levels, an inflection point. Read More
GLOBAL EQUITY MARKETS – November 25, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is trying to stabilize above the 200-day average. The ETF held on to last week's gains. Two short-term resistance levels are at 97.4 and 99.5. With the recovery above the 200-day average, I start monitoring the chart with a bullish perspective. During any pullback the ETF can fill the gap above 94.1 levels. Long-term H&S bottom price target stands at 109 levels.
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