Bitcoin and Ethereum’s technical pictures continue to diverge.
While BTC is consolidating as part of a cyclical bull trend, the long-term outlook for ETH remains more muted with volatile moves within a wide triangular trading range.
The main goal of long-term analysis is to portray possible large trends as the primary driver of returns and profits.
It is not a trading or timing input but can be used confirm the medium- and shorter-term views.
Please find attached the month-end Rand report where we examine the local currency against the major global counterparts.
While the longer- term bearish outlook on the US currency remains valid, medium- and short-term outcomes were adjusted since last week’s report.
The alternative outcome of consolidating market action was validated by extended short term appreciation beyond pivotal levels.
Further medium - term range trading has postponed the still relevant and eventual bear trend to new lows.
A short technical outlook on the expectations of the JSE TOP 40 index for 2024.
Difficult investment conditions and bear phases are expected to remain for especially the initial part of the year.
The longer term Rand analysis as the initial Report for 2024.
The intention is to highlight possible outcomes for 2024 and beyond as a guidance for strategic planning.
It also parameterise short and medium term potential.
May you have a prosperous Year!
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