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ASIA

EURNZD the standout in Long-Currency's in Asia trade Wedesday Hi everyone, I got into this trade not long ago to the long-side, but as it has plenty of potential I thought I would share. On the 4HR timeframe, there is currently a bullish heads 'n' shoulders pattern adding some buying fuel. There was a recent pullback so a good time to enter if you are after a Long trade. On the chart, the indicator at the bottom is on-balance-volume which has had a good uptick today so far. This trade is also trend-friendly, this is a Daily chart and you will see the thicker white line which is the 200EMA, the thinner dark-blue is 50EMA and Crimson colour is 100EMA. The very thick white arrowed line is the heads n shoulders neckline where price has broken out this morning.
Long
by Easy_Explosive_Trading
$FXI / $SPX | You Should Be Tracking ThisWe've been full bull China since early spring of this year and this chart here represents our macro thesis. We've posted about AMEX:FXI before and it's potential swing move of 75-100%... This chart here is AMEX:FXI vs SP:SPX on macro HTF. We believe this chart represents a macro bottom of china relative US equities. Last night, China announced a 50 bps rate cut with plans for additional rates cuts in the near future, as well as lowering existing mortgage rates. We've been expecting some govt influence and we finally got it. HUGE move printing and we think it's just the beginning. We've been big on NYSE:BABA and OTC:PNGAY all year and they've been two of the big winners today. Currently printing a macro 3M RSI bottom and looking to confirm it after q4 candle print. This is a move that will likely take the rest of the decade to fully play out.
AMEX:FXILong
by drcrypto14
USDJPY Long - But Don't Long Too EarlyBased on the prior price action, people are desperate to finally see some green candles. Psychologic wise they might think "it can't get even lower, it needs to reverse now". However, especially USDJPY is one of those pairs who tend to be a brutal liquidity seeker. Based on the news events this week, I believe there is a nice chance that we see a bounce, but from lower levels people are anticipating right now. We need to shift sentiment and lurk them into the wrong direction before we can have that up movement.
Long
by Entropie2020
GBPJPY H4 - Short SignalGBPJPY H4 Potential shorts in the firing line here on GBPJPY. This 188.100 price is trading very close to this 188 whole number, we could start to see some resistance, rejections and sell-off from this trading zone. We have previously sold off a huge 3000 points over the last few weeks, one of the biggest corrections we have seen in a VERY LONG time. It will be interesting to see how we perform during market open in 15 minutes for the UK session. Based on the swing high price dated 01/08/2024 to recent low price dated 05/08/2024, we are also trading at a key 618 corrective level.
Short
by Trade_Simple_FX
Macro Monday 51 ~ The Philippines - The Trading Hub of AsiaMacro Monday 51 The Philippines – The Trading Hub of Asia The Philippine economy is currently the fastest-growing economy in South East Asia with solid promising growth projections for the next several years. The World Bank's Global Economic Prospects report on East Asia and the Pacific showed that the Philippines and Cambodia will be the second highest growing economies in East Asia and the Pacific, next to Palau which is projected to grow by 12.4%. 10 Reasons to consider the Philippines for significant investment returns: 1. The GDP growth rate in the Philippines was 7.6% in 2022 and 5.6% in 2023. The International Monetary Fund (IMF) raised its GDP growth forecast for the Philippines to 6.2% for 2024, as reported in their latest World Economic Outlook. This forecast is within the government’s revised 6-7% growth target. This puts the Philippines up there with India, the Ivory Coast and Ireland in terms of their GDP growth rate, all of which are some of the fastest growing economies in the world. 2. The population of the Philippines is 119 million with 28% (33 million people) of the population between the ages of 10-24, giving the country a sustained future labour market edge. The current labour market holds its own with 55% of the population between the ages of 20 – 64 (64 million people). Similar to India, the labour force is young, capable and likely to be sustained. 3. The Philippines are semiconductor specialists. The largest export of the Philippines is semiconductors. Semiconductors make up a significant portion of the Philippines’ exports, accounting for approximately 31.9% of the total electronic products exports. Electronic product exports in turn represent nearly 63% of the country’s total exports. 4. Additional to the above electronic products, the Philippines are also major exporters of manufacturing machinery and equipment, making them similar to South Korea in this respect (covered a few weeks ago). Broadly Manufactured Goods contributed the largest to the country’s total exports in January 2024 amounting to $4.83 bln or a share of 81.4 %. The Philippines are major machine and tool manufacturers (think Caterpillar Inc), however electronic products and semi-conductors are their forte making up the majority of their exports. 5. The second largest export of the Philippines is coconut oil, which has shown a significant annual increase in export value. It is one of the top commodity groups after electronic products in terms of export earnings. 6. The Philippines have a broad customer base in terms of exports. Their largest trading partner was the U.S. with an export value amounting to $902.3 million or a share of 15.2% to the country’s total exports in January 2024. The remaining top five major export trading partners for this month with their export values and percent shares to the total exports were; a. Japan - $869 million (14.6%); b. Hong Kong - $761 million (12.8%); c. People’s Republic of China - $625 million (10.5%) d. Republic of Korea - $356 million (6.0%). 7. The Philippines has made remarkable progress in reducing poverty over the past three decades. According the World Bank the poverty rate has fallen by almost 80% between 1985 to 2024 and this is expected to continue. According to the World Bank the current poverty rate is 10.7% however, the official poverty rate methodology in the Philippines is different and indicates that 18.1% of people live below the national poverty line. Of the employed population, 2.2% earn less than $1.90 per day on purchasing power parity (PPP) as of 2022. Regardless based on the Philippines methodology a target of <9% in expected to be hit by 2028 - set by the leading President Ferdinand R. Marcos. 8. Major Foreign Investment Incentivisation. The Philippines adopts an open economy that allows 100% foreign ownership in most business sectors. Many government corporations are getting privatized and the major industries such as telecommunications, energy, banking, and shipping have been deregulated. This gives foreign investors more freedom to set up operations in the country. In 2023, the Philippines saw a 6.6% decrease in FDI net inflow, totalling $8.86 billion, which was slightly higher than the targets set. For 2024, there has been a reported increase in FDI net inflows, with a 23.1% rise in March compared to the same month in 2023. The net inflow for March 2024 was $686 million. 9. Strategic Location. For investors aiming to tap into the ASEAN Free Trade area’s vast market of over 600 million consumers, or to engage with the key economies of East Asia, including China, Japan, and Korea, the Philippines offers an ideal strategic position. Additionally, the nation’s prime location at the nexus of numerous global maritime and air routes makes it an excellent hub for integrating into the worldwide supply chains of various enterprises. Think of it as the versatile and dynamic Suez Canal of Asian trade with reduced regulation. 10. Finally, there are a number of additional other factors make the Philippines ripe for investment and growth; A. The Philippines boasts a high literacy rate of 94.6%, ranking third globally, with English widely used in education, media, business, and daily life, following Filipino (Tagalog) as the national language. This is similar to Ireland in Europe, which is also the only native English speaking country remaining in the EU since UK’s exit - Brexit. This gives these countries a trading edge. B. The country’s growing economy is complemented by low business start-up costs, with labor and operational expenses significantly lower than in Western countries, leading to substantial cost savings for foreign companies establishing back offices and development centers. C. One of the world’s largest archipelagos, the Philippines is rich in natural resources, ranking among the top gold and copper producers, with diverse marine and land species unique to its thousands of islands, alongside stunning tourist destinations. Bonus Note on President Rodrigo Duterte: It would be remiss of me to not mention the previous President Rodrigo Duterte who took a very harsh approach to resolving drug related crime in the Philippines. According to the Philippine Drug Enforcement Agency, during 216,138 anti-illegal drugs operations conducted between July 2016 and September 2021, 311,686 people were arrested and 6,201 were killed by the police Whilst controversial, this low tolerant approach resolved and remedied a major drug and crime issue that Philippines was burdened with. This has made the country as a whole more appealing for nationals and tourists. Duterte also increased infrastructure spending to an average of 5 percent of the country’s overall GDP – this is twice the budget in the administrations that came before him. As you can tell from all of the above, the Philippines is staged to enter into a monumental period of growth. The Philippine Stock Exchange also suggests that the stage is set, lets have a look. The Philippine Stock Exchange - PSE:PSEI The PSE Composite Index (PSEi) is composed of the 30 largest and most active common stocks listed at the PSE. The Top 5 Companies in the PSE are as follows; 1. SM Investments Corporation: A conglomerate with operations in retail, property, and financial services. It is one of the largest companies in the Philippines by market capitalization. Market Cap of $17 bln. 2. SM Prime Holdings (SMPH): One of Southeast Asia’s largest integrated property developers, offering lifestyle cities with malls, residences, offices, hotels, and convention centers. Market Cap of $13 bln. 3. BDO Unibank: The largest bank in the Philippines by assets, loans, and deposits. It offers a full range of banking services and products to the retail and corporate markets. As of June 2024, BDO Unibank has a market cap of $12.11 billion. 4. Golden MV Holdings: A company that develops memorial parks and columbarium facilities in the Philippines. It also engages in real estate through its subsidiary Bria Homes, Inc. Market Cap of $12 bln. 5. International Container Terminal Services Inc. (ICTSI): A leading operator of container ports and terminals in the global trade and shipping industry. Market Cap of $11.7 bln. We might look at a couple of these company charts later in this article and possibly more in coming days. The PSEi Index chart I am about to share reminds me of the Brazil Emerging Market ETF Index AMEX:EWZ chart which we previously shared weeks ago. It also looks a little like the AMEX:URA chart and or U.S. Small Cap 3000. All these charts are forming long term pennants and breaking to the upside. We are still pending a decisive move on the PSEi below. ▫️ You can observe a compressing pennant with a breakout very likely approaching. Given the positive strides being made in the Philippines I am leaning towards a bullish break out in the above, however this will likely be a measure and slow move. ▫️ If this chart moves in the right direction and gets above its 21 day moving average we can presume the market is moving in the right direction in the Philippines and thus seek out some companies to invest in, knowing that the wind is at our back. ▫️ Investing in the above would obviously leave you exposed to a currency risk in the Philippine Peso. So you need to keep an eye on that currency pair. ▫️ The above chart is not a prediction, however it does have a double bottom look about it and with that in mind, there is a back end potential for an up to 12% currency gain in a longer term trade for U.S. investors. It’s a very interesting background set up. ▫️ This means if you invest in Filipino stocks or companies, there is potential here that you might get additional %’s from the back end currency play. ▫️ Equally, if we lose the current low on the Peso, this would lead to losing potential gains, the currency risk in the trade. So you need to watch both charts if you enter a trade. Very important to keep an eye on the Philippine Peso if you’re an international investor converting your local currency into Pesos in order to invest in companies in the Philippines, however at present the chart looks like it might be an advantageous back end play. No Guarantees. Now lets look at a Philippine Stock that is large, liquid and heavily relied upon by multiple sectors in the Philippines and obviously we need a DAMN GOOD CHART. International Container Terminal Services - SET:ICT ▫️ The chart speaks for itself and presents a good 6:1 risk: reward set up. ▫️ That 100 SMA can provide a nice structural support for anyone wanting to stay in the trade longer or at least have a level that if convincingly lost, you can cut your losses. Equally the 100 SMA would also be a great entry level. ▫️ The above SET:ICT chart reminds me so much of the Reysas LoJistik BIST:RYSAS chart which is a similar business in logistics and transportation but in Turkey. Please have a look below. COMPARISON Reysas Lojistic - BIST:RYSAS ▫️ I am sharing this chart as a reference to potential outcomes for ICT. ▫️ Very Similar Company Sector and Chart to the above ICT Chart in Philippines. Could we see similar continued advances in ICT? There are a number of REALLY interesting chart set ups for the Top 5 companies in the Philippine Stock Exchange (we shared these tickers earlier). I will definitely add these in coming days and weeks as I see a lot of opportunity in the Philippine market place and the currency looks like it might be about to gain positive ground. It appears the Philippines is undergoing an monumental economic renaissance with the economic and demographic landscape looking incredibly favourable for this versatile archipelago. This nation of Islands is presenting an incredible investment opportunity, so great in fact, I’ve started looking at property there. It has so much potential and appears to be on the cusp of a major bull trend. We can watch the PSE chart and wait for the break out. All these charts are available on my TradingView Page and you can go to them at any stage over the next few years press play and you'll get the chart updated with the easy visual guide to see how the Philippine stock market has performed. I hope it’s helpful. PUKA
PSE:PSEILong
by PukaCharts
1
Capital A's Impressive Turnaround: Post-Pandemic Success StoryCapital A Berhad has not just bounced back post-pandemic but is soaring high above its regional competitors. The latest stock performance data tells an exciting story of resilience, innovation, and strategic brilliance. Let’s dive into how Capital A’s turnaround has translated into exceptional performance, not just in the skies and on the balance sheet, but in the financial markets as well. A Closer Look at the Numbers The chart below shows the stock performance of several major airlines in the region over recent months. Here are the airlines included: Capital A Berhad (MYX: CAPA) AirAsia X (AAX) IndiGo (INDIGO) Qantas Airways (QAN) Singapore Airlines (SIA) Cebu Pacific (CEB) VietJet Air (VJC) Capital A Leads the Pack Among these airlines, Capital A stands out with an impressive performance. Here’s what the chart reveals: Remarkable Growth: Capital A’s stock saw a significant rise, peaking around 36% before settling at approximately 28%. This growth is a testament to the company’s strong recovery and strategic initiatives post-pandemic. Stability Amidst Volatility: Unlike many of its competitors, Capital A has maintained a steady upward trend, showing resilience against market fluctuations. Outshining Peers: While AirAsia X also performed well initially, it didn’t sustain its momentum as effectively as Capital A. IndiGo showed a similar decline. This indicates that Capital A's strategies are yielding better investor confidence and stability. Regional Competitors: Airlines like Qantas, Singapore Airlines, and Cebu Pacific have seen moderate gains but haven’t matched Capital A’s impressive growth, hovering between 0% to 10%. Underperforming Rivals: VietJet Air displayed minimal gains or even losses, highlighting the challenges faced by some airlines in the current market environment. The Secrets Behind Capital A’s Success Several factors are driving Capital A’s stellar performance: Diversification and Innovation: Capital A has expanded beyond traditional airline operations into digital businesses and logistics. This diversification provides a buffer against market risks specific to the aviation sector. Efficient Cost Management: Known for its cost-efficient operations, Capital A continues to emphasize cost management, which supports its strong financial performance. Adaptive Strategies: The ability to swiftly adapt to changing market conditions, such as fluctuating fuel prices and varying travel demand, has been crucial. Strong Brand and Network: Capital A enjoys strong brand loyalty and recognition within the ASEAN region, bolstered by an extensive route network ensuring steady passenger traffic. Looking Ahead Capital A’s trajectory suggests a promising future if current strategies and market conditions remain favorable. However, potential challenges like economic downturns, regulatory changes, and geopolitical tensions could impact the aviation sector. Conclusion Capital A Berhad's post-pandemic turnaround is a remarkable success story. Its impressive stock performance against regional peers underscores the effectiveness of its business strategies and market positioning. As the aviation industry continues to recover, Capital A’s innovative approaches and adaptive strategies will likely keep it soaring high. This success extends beyond the cabin and balance sheet, making waves in the financial markets and offering a beacon of optimism for stakeholders and investors alike.
MYX:CAPITALA
by rossbrannigan
2
XAUUSD LONG- ASIA SESSION - 1:6 RRGood Morning Asia, On Monday, I shared a Long opportunity with my second target at 2369.80. Although I'm still holding this position, I've identified a scalp opportunity this morning with a good R:R opportunity of 1:6. Price is currently accumulating and preparing for that final bullish expansion towards 2369.80. I believe a bearish continuation in-line with the Daily will take place after this move, see below: On the LTF, price is currently in a 15mins bullish range. Therefore, I'm anticipating a purge of the recent low within the 15mins range at 2357.78. This is where I'll be entering with my SL below the low. My target is 1:6 towards 2347.35 Trade safe and use appropriate risk.
FX:XAUUSDLong
by Pips4Breakfastx
1
ASI - Strong support levelASI need to stay above purple line in monthly chart. Disclaimer: The information and analysis provided in this publication are for educational purposes only and should not be construed as financial advice or recommendations to buy, sell, or hold any securities. The author and TradingView are not responsible for any investment decisions made based on the content presented herein. Always consult a financial professional before making any investment decisions.
CSELK:ASI
by rukshan2102