CRYPTOCURRENCIES – January 8, 2023
Several pairs resumed their downtrends in 2022. Steady downtrends came to a pause over the past 2 months. Question is: would these few months of sideways consolidations act as a bottom reversal or continuation of the existing downtrends? Below are some new chart pattern setups with their important technical levels.
GLOBAL EQUITY MARKETS – January 7, 2023
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) made an other attempt to challenge the long-term 200-day average. 87.97-90 area will act as strong resistance. Breakout above this area will possibly reverse the existing downtrend. Recovery above the long-term average will signal a new uptrend for Global Equities.
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INTERIM UPDATE – January 6, 2023
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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