INRCNY Turning point in Asia?
Fundamental: Baby boom in India. Potential long term bullish INR.
Technical: Bearish trend line May'14 til Dec'15. Broken and looking to mark potential bottom on the pair. Looking to buy at 0.975.
China vs India
Population 1,356,000,000 vs 1,237,000,000
0-14 years: 17.1% vs 28.5%
15-24 years: 14.7% vs 18.1%
25-54 years: 47.2% vs 40.6%
cia.gov/library/publications/the-world-factbook/index.html
Props to S.Foster for highlighting this opportunity.
Technical: Bearish trend line May'14 til Dec'15. Broken and looking to mark potential bottom on the pair. Looking to buy at 0.975.
China vs India
Population 1,356,000,000 vs 1,237,000,000
0-14 years: 17.1% vs 28.5%
15-24 years: 14.7% vs 18.1%
25-54 years: 47.2% vs 40.6%
cia.gov/library/publications/the-world-factbook/index.html
Props to S.Foster for highlighting this opportunity.
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