Technical Update - Bottom and reversal in Emerging Markets ?
Kim Cramer Larsson
Technical Analyst, Saxo Bank
A Bullish Engulfing on weekly time period in the making
Emerging Markets has been in a bear trend for more than a year by now. However, that could have come to an end with the past few weeks massive sell-offs on the back of the war in Ukraine. iShares MSCI Emerging Markets ETF dropped heavily only to bounce off the 0.618 Fibonacci retracement and support at around $40.90.
A bottom and reversal candle in the making; If the closing price tomorrow Friday is higher than $43.86 the Emerging Market ETF has formed a Bullish Engulfing bottom and reversal candle. A reversal that is likely to take the price action back in the falling channel and back to the 0.382 retracement at $47.50.
Quarterly Outlook Q2 2022
Quarterly Outlook Q2 2022: The End Game has arrived
- Shocks from covid and the war in Ukraine have forced the global financial and political world to change, but what will the end game be?
Productivity and innovation have never been more importantAs the world economy hits physical limits and central banks tighten their belts, could equities be facing a 10-15% downside?
The great EUR recovery and the difficulty of trading itIf the terrible fog of war hopefully lifts soon, the conditions are promising for the euro to reprice significantly higher.
Tight commodity markets – turbocharged by war and sanctionsWith supply already tight, commodities keep powering on. But will it last for yet another quarter?
Between a rock and a hard placeGeopolitical concerns will add upward price pressures and fears of slower growth, while volatility will remain elevated.
The Great ErosionInflation is everywhere and central banks try to combat it. But will they get it under control in time?
Australian investing: Six considerations amid triple Rs: rising rates, record inflation and likely recessionWhile global financial markets are struggling in an uncertain world, the commodity-heavy Australian ASX index is poised to keep a positive momentum.
Cybersecurity – the rush to catch up with realityWith the invasion of Ukraine, governments and private companies are rushing to reinforce their cyber defenses.