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Emergingmarkets

EW Analysis: Bullish Emerging Markets May Push EURUSD HigherHello traders! Today we will talk about emerging markets(EEM) and EURUSD. As you can see in the first chart, there's a positive correlation between emerging markets and EURUSD. Of course, there are no tick by tick correlations, but the current wave structure it's telling us that we may see a bigger recovery in the upcoming days/weeks. Emerging markets can be trading in a three-wave (A)-(B)-(C) recovery up to 61,8% Fibonacci retracement and 46 area, especially after that break out of the corrective channel, so in our opinion EEM may easily stay in the bullish trend. At the same time we can see strong and impulsive recovery on EURUSD, which is telling us that the temporary bottom can be in place and a bigger three-wave (A)-(B)-(C) correction can be underway up to 1.15 - 1.18 area, mainly because of break out of the wedge pattern (ending diagonal). Notice that these are daily charts and they may take some time to completely unfold, so don't get confused on the smaller time frame charts. We just want to give you an idea, where the markets can be headed long/mid-term. Be humble and trade smart! If you like our analysis, then please give us a like and share it! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Education
by ew-forecast
5
Colombian Peso under Pressure 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 prices rise by 30% $4500 once we break the key $3500 level. -- El peso colombiano ha estado en los titulares últimamente. Hay llamadas de Colombia a dolarizar en medio de algunas llamadas de expertos de que la COP podría estar sobrevaluada hasta en un 30%. Este gráfico es una actualización de mi gráfico del año pasado que pronosticó correctamente el rango de precios actual en el par usdcop. De acuerdo con este gráfico, la fortaleza del dólar y un policía débil del cop podrían ver los precios aumentar en un 30% a $4500 una vez que rompamos el nivel clave de $ 3500.
by You23
$USDZAR might see some short term reprieveThe 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 very precarious position with further downside expected. For now, the fact that the previous highs seen in September 2018 have held together with the fact that we are starting to see Divergence develop on the RSI (Higher highs in price - lower highs in RSI), gives me a clue that momentum is waning and we could expect a very short term correction back to my levels indicated. However, the medium/longer term trend on the USDZAR pair is still very much in favor of much higher levels, so i would trade this very short term view with a high degree of caution.
Short
by MarcoOlevano
China Breakdown Imminent.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 price collapse that may lead the rest of Asia and some of Europe into chaos. Plan and prepare. BUY GOLD.
TVC:HSIShort
by BradMatheny
1
$EEM - Emerging Markets Under PressureAs volatility has come back to the global markets with a vengeance, one headwind that continues to blow even stronger continues to be the US-China trade war. On August 2nd, the US unexpectedly imposed additional tariffs on Chinese goods, with the Chinese now threatening to retaliate in kind. As a result of this renewed volatility, Emerging Market stocks ($EEM) have been rattled heavily over the past few trading sessions. On a technical basis, $EEM prices are below all three of its EMAs, with a death crosses forming on i) the 10-Day and 50 & 200-Day EMAs, and ii) the 50-Day EMA and the 200-Day EMA, something that has not been seen since May. Further, its RSI continues to fall, indicating that momentum is quickly increasing to the downside as global investors lose faith in Emerging Markets. Lastly, $EEM prices seem to to be in a downward trend since July 25th, with the EEM/SPY price ratio continuing its march lower, as global investors (continue to) invest in the US over Emerging Markets. Given the increase in rhetoric between the two economic giants, Emerging Market stocks are currently under heavy bearish pressure, with no end in sight. If these pressures continue on the space, we see $EEM heading lower to $38.45 as its next stop.
AMEX:EEMShort
by EconomicsGlobal
$EEM Emerging Markets - Dead MoneyAfter a breakout first half in 2019, Emerging Market equities ($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, $EEM weekly chart is showing that Emerging Market stocks are not in trend at the moment, with its ADX below 20, and an RSI remaining flat since June 1st, despite the increase in moment in late May. On a fundamental basis, despite their cheap valuations relative to their Developed Market peers, and accomadative global central bank policies, Emerging Market stocks seem to still be weighed down by economic weakness in China, the US-China trade war, weak global PMIs, and the overall slowdown in global growth. Going forward, we see this trend persisting over the next few weeks and months, unless their is a positive shock to the global economy and financial markets. For looking investors who are adventurous, we recommend investors to drill down within Emerging Market stocks and be selective on a regional and sectoral/industry basis. Additionally, investors should take a look at Frontier Markets ($FM as a proxy), which has performed much better year-to-date in relation to their Emerging Market peers.
AMEX:EEM
by EconomicsGlobal
Take advantage of how sensitive the market is!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 information became available. I see an opportunity that can be taken advantage of regarding the upcoming FOMC July 30th date. Short term profits although as history has shown they can be short lived, so take profits early I would suggest. The rising wedge suggests a potential spike but an inevitable drop as more data is made available. PS: I forgot to add some indicators to further support my argument, but feel free to comment and give your own opinion, also this is my first post so I'm open to any constructive criticism you have too.
AMEX:EEMLong
by blocknchain
1
EWZ: Viking is back in townI'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 since the past tells us about the future as history repeats, confidence level is high. Please allow a day or two on each side of the green bars. Price is a different story. I have no clue how to deal with that. But its better to know when price can turn than how high it can go, if you catch my drift?
AMEX:EWZLong
by UnknownUnicorn540299
$USDBRL $EWZ $BVSP - Brazilian Real Under PressureAs market volatility has come back with a vengeance and the US Dollar continues to remain strong, one EM currency that has been hit particularly hard this year has been the Brazilian Real ($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 declines have also been fueled by uncertainty over the US-China trade talks on the macro level. The combination of the two forces, the external macro headwinds and feeble domestic economy, have been a perfect storm for the under-performance of the $USDBRL in 2019. Further more, on a technical basis, the $USDBRL continues to show deterioration within the Brazilian Real, with the 10-day EMA being a strong support for the currency pair. We believe if this continues, $USDBRL 4.25 is the next stop.
Long
by EconomicsGlobal