Self explanatory. Emerging markets currencies keep printing in excess leading to devaluation for over 12 years straight. Needless to say it is now at a key area. (Red Arrow) While it has not been talked about much. This has led to a mini emerging market currency crisis. Turkey Sri Lanka Lebanon Pakistan Argentina Venezuela Egypt Russia Colombia etc.. Adding...
Hidden momo positive divergence $DBV, $EEM
Approaching demand zone against emerging currencies
Important moves coincide with uncorrelated phase $DBV