Neckline has broken here, favours a move to next support at c4.08 area
Look for target at 5.20 on a break of neckline.
Impulsive break of 3.5yr resistance bodes ill for CLP, next target 810
As market volatility has come back with a vengeance and the US Dollar continues to remain strong, one EM currency that has been hit particularly hard this year has been the Brazilian Real ($USDBRL). Sluggish growth forecasts, coupled with waning support for the Brazilian President has sent the Brazilian Real to its lowest level of the year thus far. The sharp...
EM investor Franklin Templeton exhibiting a 8yr H&S top, neck has broken and is now retested, good low risk entry region here for target 12.50 low with a stop above the 35.82 high. Prospective RR at 8+
TRY chart behaving quite orderly in wake of local turmoil, H&S continuation the most likely interpretation, low risk entry for 6.85 initial target. stops below 5.90
Market is beginning to achieve with HL and HHs, inital tgts 15.40 channel top, thereafter 15.67 prior high and 16.15 measured move. keep a tight stop at 14.12 to ensure good RR. Happy trading!
Triangle break is impulsive with corrective retrace to 5yr support level Min target 80 to upper channel on low risk entry with stops below pivot low at 69
As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...
As Q2 2019 is underway, global financial markets have experienced a melt-up in assets prices, with some markets up over 20 percent year-to-date. However, despite the run in global asset prices, there is one country that has missed out on the rally, and that is Malaysia. Malaysian equities ( EWM ) (INDEX:KLSE) have declined -3.77% in 2019, taking the mantle as...
This is an excerpt from MACRO BRIEF: Hong Kong Dollar Strengthens on Rate Spike originally published March 10, 2019. The short-HKD trade is nearly consensus, which reminds me of the short-yuan trade a few years ago that was largely snuffed out by the PBOC. Problem here, though, is the HKMA's attempts to draw in HKD inflows have been superficial at best....
Its not quite a great idea to invest in EM if one is expecting a downturn as EM will be significantly hit from drying up liquidity via outward capital flows and lower investment. Happened in 2008 with the liquidity crisis and again in 2011 with the EU sovereign debt crisis. We can see this relationship between developed markets and emerging markets through a...
I believe the local election would help to the goverment for next few days and Mr. Albayrak has announced they will show the economic programme in April. But i think that programme will suck cause the Turkey have more serious economical and political problems like unemployment rate is most highest rate before the 2008, the inequality of the Turkish citizens are...
Off the beaten track with an "EM exotic" trade.. and the first idea on this pair on tradingview PLNHUF breaking and having repeated closes below 2018 low opening up a move down to 72 area and potential retest of 2017s low 70 area
This ETF looks to continue to boom especially after the China and US have optimistic trade talks. Mainly China companies inside this ETF.
GBPNZD, pair formed two bar reversal in 4H time frame. nzd is storng, retracement in gbp/nzd completed. high probability for down move.