Use election as a bull catalyst.
EDC key support for impulse continuation is being confirmed (wave 4)
The Colombian peso has been making headlines lately. There are calls of Colombia to dollarize amidst some expert calls that the COP might be overvalued by as much as 30%. This chart is an update to my last year's chart that correctly forecasted the current price range in the usdcop pair. According to this chart, continued dollar strength and a weak cop could see...
The Rand / Dollar exchange rate has consolidated for a couple of sessions below the previous highs seen last in September 2018. Should the rand bears decide to take further profit, two short term levels to watch out for are 15.00 and 14.60. However, should the rand weaken past the 15.46 closing print from Monday the 19th of August, this should put the rand in a...
We have seen ZAR very weak recently due to heavy RISK OFF and some weak zar data. I'm anticipating a RISK ON week which will see ZAR gain some strength, we, have weak PMI data during this week which will give us our prime level to sell I have 3 TP's set for this trade TP 1 - 15.17456 TP 2 - 15.02576 TP 3 - 14.64768
Earthquake Cracks Widen from early 2018 - NZD COP BRL small canary-economy currencies Vs. the S&P 500
Be prepared. China looks as though it is about to break down VERY HARD and VERY FAST as my Fibonacci price amplitude arcs suggest recent price rotation is setting up for a deep downside price move. My estimate is that this will happen on or after my Aug 19th projected breakdown date. My opinion is that Asia/China are about to crush the market with a complete...
As volatility has come back to the global markets with a vengeance, one headwind that continues to blow even stronger continues to be the US-China trade war. On August 2nd, the US unexpectedly imposed additional tariffs on Chinese goods, with the Chinese now threatening to retaliate in kind. As a result of this renewed volatility, Emerging Market stocks ($EEM)...
After a breakout first half in 2019, Emerging Market equities ($EEM as a proxy) have begun to loose some steam. Since February, Emerging Market stocks have been treading water, in relation to their US equity counterparts, trading in an established range of $44-$40 since then. On a technical basis, $EEM weekly chart is showing that Emerging Market stocks are not...
We currently live in a world where media has major sway in the psychology of investors, including ones who do their homework. After watching $EEM closely, I see that at each major event over the past few months (tariffs placed on China, Federal Reserve doesn't reveal a rate cut at June 18-19th meeting, G20 meeting) the ETF spiked before cooling down as more...
at resistance, logical place for the bulls to take profits, watch out for dis bearish divergence
H&S has failed but structure is still to the top side (hl's hh's), bias is for upside continuation to 760 with a stop below 660 swing low (if aggressive can dial up RR using a median line stop), if 660 is given would favour a broader double top formation and usdclp for lower. For now weekly Mas are supporting price action. But remember, anything can happen! :)
Bearish weekly setup for emerging markets targets c 25 into year end. Idea negated on a break above 45
Aim for the red box. time segmented volume is signaling momentum reversal.
I've been working for 5 hours to estimate the trend turns for the next six months. To gain the knowledge to do those five hours are countless. Now, it will not be 100 % accurate in timing. I still have a lot of cycle work to be completed to fine-tune. But it will be quite accurate as I have gone back in time and checked out what EWZ has done in the past. And...