I'm bullish for Emerging Markets by fundamental analysis. Technical analysis says, there is a good opportunity to go long from current levels with a low risk. We are probably in the middle of the bull market on EM.
The chart is one of the most poppular Emerging Market ETF - led by BlackRock - iShares MSCI Emerging Markets ETF.
Prior to my previous DXY analysis
I guess we could witness USDjpy pair going up to 130 value till the end of the next year.
It also remains the assumption that the triangle of W-X-Y wave has not yet completed. It's a mid/long term trading opinion.
As per described DXY Analysis opinion
I expect a bullish on US Dollar till the end of 2020. So emerging markets' Currencies like USDRUB should imply this movements.
It will end the long-term bullish on USDRUB started way before in late 90's as per
As I see on that DXY formation, we are on the start of last bullish impulse (wave 5 on Elliotte theory), which will end bullish market of DXY started from middle 2011.
So IMHO ot will end at price of 107-110 at the end of next year.
A correction in shot-term is possible.
We are close looking for potential short positions at this area.
The key level of reverse of idea is a red section.
If we pass RED area easily it might be a great long positions,
But right now we put a short term SHORT POSITIONS on US Dollar Index
Is this analisis right or wrong?
The answer will be given in the middle of 2018.
For now, we are looking close to 0.5 Fibo level, as the price 54.50 is shown.
There might be a good long term buy (long positions) opportunities.
The "carry trade" is more preferable, it means
we will open short positions as USDRUB price goes to 86-88 for long term investment.
There might be one more short opportunity.
Market 100,56 sell, at price 98,50 close half or more of positions.
Look for longterm buy positions at price 98,50 (level 0.786 of Fibo)
If the price goes right as in the analisis shown, decrease the short positions, increase long pos