The weekly chart is very . Chart stands at the most important area on the chart, the has been as oversold as it can get (now sits inside the KC), there is a slight and there are two candles.
The speaks for itself. divergences everywhere, big effort with no reward. The impulse is already green.
I would say emerging markets are going to soar during the coming weeks. If these signals fail (same signals in the Australian dollar , Russia, copper , Brazil) fail, all of the markets outlined are going to collapse.