Setup on Chart ... correction in process, but after that 900+ is coming . Regards !
The left chart shows the daily chart of FXCM's EMBASKET, which is an equally weighted index of the CNH, MXN, ZAR and TRY. The index is below its black 20-day SMA and the SMA is pointing down. Moreover, the daily RSI is below 50 (blue rectangle), which is indicative of a bearish momentum. The hourly EMAs have crossed bearishly and the hourly RSI has pushed below 50...
The Hong Kong REIT that owns prime office buildings in Beijing seems to be tracing a minor wave C up. If in the next session prices surpass the current level which is the same as previous wave A, chances are that it could reach its most probable target at 4.46. This scenario would be void if prices crosses below the low of previous minor waver B. FOLLOW SKYLINEPRO...
The best-performing markets tend to flip flop every decade or so. For example, in 2000-2010, emerging markets outperformed US markets. In the following decade (2010-2020), US markets significantly outperformed and emerging underperformed. This concept is known as reversion to the mean - valuations get stretched in one direction, and eventually, it is bound to...
FOLLOW SKYLINEPRO TO RECEIVE UPDATES There are two most probable scenarios for IBOV at this point: 1. Prices are tracing minute wave 5 up of minor C, where returns should increase to 78000-83000 2. If the index crosses the 72,300 support line, minor ABC zigzag completed a short intermediate B wave and price should decrease below 61,600
Why it performs so poorly compared to its top 10 components?
I am looking for long opportunities on EURZAR and what I like about exotic pairs is that they hardly range, they are always trending and soaring like an eagle, up the sky. I am targeting the A=C level. With the number of increasing Corona virus case in South Africa I think the South African Rand (ZAR) will be severely affected.
If you're looking to get short the equities market, EEM may be a good place to start. Emerging Markets are testing the previous support trend line. This should now act as resistance. It's worth waiting to see if this hammer candle gets follow through or if it turns into a Hanging Man.
Above we see the hourly chart of FXCM's EMBasket, which has bounced off its S3 pivot and been heading upwards since. It is currently tackling resistance at its S1 pivot level. It it breaks through than the next level of overhead resistance may be at the central pivot (P). In assessing if the current price action is a correction in a largely down move we are...
Further to our previous article , the EMBASKET bounced from its oversold condition. The RSI has normalized but has now hinged and is looking to head down. Moreover, today's candle (still to complete) is a long red candle, indicating strong bearish sentiment. If the EMAs head southeast again, with angle and separation, it will likely be off of an expanding...
While the emotional crowded is full focussed on the S&P, CoronaVirus, Crypto, "exotic" currencies are all dropping hard. Economic slowdown ==> The poor end up in the street first. Turkish people really hate it when I call their country a third world country. They are in denial poor guys, and have been for decades. Just the way it is not my fault. Parts of europe...
trend has been identified now find good risk reward set-ups and use good risk management with stops
The Telkom weekly chart showing a Hammer after effortlessly tearing down multiple support levels. You have to zoom back to 2010-11 to view the price at which Telkom was last at these levels. It sounds irrational that a share could show so much fear with a lot of volume to back that up. What Went Wrong? Telkom pattern isn't strange for JSE in recent times, the...
Emerging markets and global stocks have roared to life at the end of 2019. The reasons are a dovish Federal Reserve , which drives buyers away from the U.S. dollar , and calming tensions between the U.S. and China. Brexit clarity has helped too. Along with China, Brazil is the most actively traded emerging market. Its iShares MSCI Brazil ETF has even...
Summary • TASI / KSA break out of bull head & shoulders bottom trend reversal pattern. • Indicates continuation of long-term upward sloping trend channel. • Key Fibonacci zone targets marked on enclosed charts. Bullish reversal is indicated as the Tadawul All Share Index (TASI) (Saudi Stock Market) breaks out of a head & shoulders bottom reversal pattern at the...
Long story short. New highs incoming. I went long today before VIX loses its mind from the good ole "EVERYTHINGS GANA CRASH" people and premiums on calls/puts go wild. ---Indicators: RSI is trending up. not over bought yet. Gold sold off hard today. Still down trending off a massive weekly resistance TLT had money go into it and its rise got smacked back down...