BRLJPY Long BRL and JPY seen as debt ceiling event risk hedgeThe international capital movements continue to be driven by carry trade opportunities.
For hedging the debt ceiling event risk, traders like BRL, CNH, and JPY, where the first two provide the right beta to equities. While BRL provides a carry cushion, it is a bit more overvalued in some of our sho
BRLJPY ready to move higherHere we can see the end of a 5 wave pattern to the downside and the AB leg of the ABC correction complete.
So what does this mean?
Well we have still yet to put C in place, so simply we are targeting 35.75 for this corrective process. It's worth engaging in further topside exposure, especially
YEN versus Emerging Markets Currencies since May 2016The Safe Haven Currency may be at the end of its 11 month appreciation against TRY and MXN. Against the commodities currency of RUB, BRL and ZAR however JPY has depreciated. I categorize TRY and MXN as trading and high growth econmies for the past few years. Will there be a reversion?
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.