There is a bull flag forming on IEMG. I am waiting for a test of the 0.382 fib which also lines up with previous support.
USDCLP IT IS GOING TO 770 Zone... with a big resistance at 785. We will see that price between 1 and 3 months. Good luck !
Emerging markets have made some terrific gains in the past month, but I would caution with the path ahead. Take a look at the past year's performance of the Hang Seng, KOSPI, IBOVESPA. I've included a chart of the Tadawul, the Saudi stock index, which is significantly weighted in EEM, the emerging market ETF. These are not healthy charts, and rallies provide...
I've been watching Buenos Aires based bank stock BBAR for a while now, ever since I noticed that it was the Argentinian ADR with the closest correlation to the Merval. I noticed it coiling up for some event that I wasn't paying too much attention to (the World Cup-- please, don't judge, I'm an American) and ever since Messi scored those goals Argentinian stocks...
Join the smart investors who are banking on Grindrod Shipping Holdings Ltd for steady growth in the global shipping industry. With a diversified portfolio, strong financials, and experienced management team. Diversified Shipping Services: Grindrod provides a diversified range of shipping services, including dry bulk shipping, liquid bulk shipping, and container...
Emerging Markets ETF EEM is in multi year ascending triangle.
What will cause EM's to breakout? Last time it was QE. Clear resistance and near term inflection point.
USDMXN - Another great set up! Within the channel. A break below takes towards 18.65 areas & a break above matches 200 ema area 19. areas Trade Journal
Emerging markets is completing a complex correction from an Elliot wave point of view. The first leg of the C wave started in May21 and is currently retracing before heading lower. Dollar index broke out and is now retesting the top of its previous range going back till '15. Secondly EEM and Dollar index are inverse correlated when the market is trending. VIX...
Let's continue to observe the social moods in the world. The main news today is the unrest in Brazil: supporters of former President Jair Bolsonaro stormed the Congress, the Supreme Court and the Presidential Palace. They are protesting against the election of Luis Inacio Lula da Silva as president, calling for a coup d'état, the annulment of elections and the...
Emerging markets headed up to a technical resistance and provides a good ratio to go short.
ood risk reward on this long position for USDCLP. setup on chart!. GOOD LUCK !
"Society which, according to its particular structure, shapes education in relation to the ends and interests of those who control the power in that society." - Paulo Freire. look for BRZU back up to $100 in spring time of 2023
After peaking in Feb 2021 and a slide of nearly 43%, seems like MSCI EM has found a base.
This is just a question for thought, not a trade recommendation: Could the Emerging Markets Internet & Ecommerce ETF (EMQQ) be ready for a breakout? It's quite rare to find a chart where price has consolidated and appears to be breaking out, and at the same time, the oscillators are ready to move up on both the higher and lower timeframes. This set up can lead...
The USD/MXN is attempting a breakout above 20.50, which will also see rates take out the bearish trend line that has been in place since last year. At the time of writing, it was doing a good job at that. A closing break would pave the way for more gains in this pair, and losses for the Mexican Peso. Emerging market currencies have been in the spotlight amid the...
This China index confirmed its completion of ABC when lockdown ended & their economy resumes. It has risen so much from the ABC correction low of 2888 & we may see wave 1 topping out with a diamond reversal pattern. As seen in the past 2 times shown in chart, a diamond can be either a reversal or continuation pattern so proceed with caution. Reasons why I see...
With the current fear of recession & rising inflation in the US, a lot of funds will be flowing outside into emerging markets, China & also Brazil which is rich in commodities especially now that the dollar seems to be peaking out as foreign markets slowly becomes more attractive to invest in. EWZ may retrace down first to fill the gap at 33.65 green line. A...