EMBASKET analysis plus trade ideaMaking use of support and resistance levels combined with the valid dt strategy I plotted a sell but waiting for confirmation.
EMBPSKEMaking use of support and resistance levels on the Daily and placing trades on the 4hr after 2 adjacent trending color candles.
Emergin markets - still downtrend hi,
please look on the Emergin Market Index EMBASKE - it is real downturn.
All signs shows especially like always RSI - that move of the index is still on the south. RSI is very weak, sometime you can see a sign a swing up only to cut of stop loss.
Looking on the geopolitical problem, there can be
EMBASKET are on bearish momentum! 10th March 2022Prices are on bearish momentum. We see the potential for a dip from our sell entry at 8388 in line with 78.6% Fibonacci Projection towards our Take Profit at 8305 in line with 78.6% Fibonacci retracement. Prices sre trading below our ichimoku clouds, further supporting our bearish bias.
Any opinion
Emerging Markets basket long trade idea. Hello taders... quiet day at the office, so to speak... Had one great trade on BTC/USD (long) then one not-so-great trade on the same pair, but was profitable overall... Demo traders, I repeat, but still, it matters.
A bit unhappy with entering any trade on my watchlist pairs, so looked around and
EM Currencies Show Weakness On H1 TimeThe above chart shows the hourly ichimoku cloud of FXCM's emerging market currencies index - EMBASKET. The observations are as follows:
- The lime green leading span A had crossed below the red leading span B.
- The forward cloud is light pink and indicates resistance.
- Price is below the black ba
FXCM's EMBASKET Showing Signs of Weakness on H1The left chart show's FXCM's emerging markets currency index, EMBASKET is black below its 50-day SMA. Moreover the SMA is pointing down with the RSI on the bearish side of 50 (blue rectangle). The right chart shows the hourly time frame. Here the green 5-hour EMA has crossed below the orange 10-hour
EM Currencies May Be Setting Up For Next Leg DownThe left chart shows the daily chart of FXCM's EMBASKET, which is an equally weighted index of the CNH, MXN, ZAR and TRY. The index is below its black 20-day SMA and the SMA is pointing down. Moreover, the daily RSI is below 50 (blue rectangle), which is indicative of a bearish momentum. The hourly
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.