Rocketman

Rocketman Updated 

Technicals: The US Dollar has broken out, putting in a double bottom. What's more, the price of the USD is above its 200 moving average, which suggests good things to come for the greenback. Other indicators suggest that this trend should continue. Fundamentals: Backed behind increasing yields, inflation (such as oil among others), this trend should...

Rocketman

I decided to take a que from a similar trade in EURCAD. However, I believe EURCAD makes a better trade than this one in USDCAD. Technicals: A daily 5-0 Harmonic Pattern or a 50% pb. A dHd on the tech 1.2612 horizontal resistance that lines up with the 50% fib level.

Rocketman Updated 

Technicals: EURSEK seems to be a bit overstretched. A reversion to the mean could ensue. Oversold oscillators Daily uSd Weekly d3

Rocketman

Silver has put in an Inverted Head & Shoulder's pattern and is making higher highs and higher lows. Projected targets: 26.50 and 28.25

Rocketman Updated 

Fundamentals Same as before....see previous fundamental investment ideas regarding AUDNZD. Technicals: Gartley pattern Same targets

Rocketman

Technicals: Butterfly Potential 78% Bounce D3 uRd a-b-c completion Fundamentals: N/A

Rocketman Updated 

Technical reasons to buy: Technicals: Horizontal resistance @93.26 from November 2015 is being tested. A break above this level will bring out all the bullish fervor and convert many bears to bulls, as volume transactions will increase, supporting the bulls. Currently, weekly & Monthly charts point to a massive double bottom without volume confirmation. A...

Rocketman

Fundamentals: Our macro signals confirm the technical signals to stay long. If the Fed becomes hawkish, as we believe, then this points to higher yields and a USD strength. Inflation risks are staring the Fed right in the mirror. It is harder to ignore. Tapering from the Fed should be on the table now. Yield Spread is expanding. The yield spread has yet to...

Rocketman Updated 

Technicals: (1) Looking for the Russell 2000 to Fall on the Window or "fill the gap" (which I do not believe is necessary for a financial instrument to do). A window is just potential support that does not need to be filled. (2) "golden ratio @ 222.48. to 222.23 (BUY WATCH area) (3) Pennant/Triangle-looking pattern on a pole suggests that the bullish trend...

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Fundamentals: N/A *This is purely a technical trade.... Technicals Scott Carney's Bullish Butterfly Pattern This pattern stretched a bit, but looks harmonic Daily Support tested with engulfing bullish candles RSI oversold ExDiv#1 Weekly D3 ( not shown in this daily chart ) Comments: I see this as a possible technical retracement to 1.57, 1.58 or 1.60 (300...

Rocketman Updated 

Fundmentals: The Weakness of the Yen should continue on through the October 31st elections in Japan. Technical: Gartley patten Past support = future resistance D3+D1a (or D1x) combo uHd

Rocketman Updated 

Fundamentals: Yields Point to a Higher USDJPY Yield Spread is expanding. The yield spread has yet to reach its deleveraging point; thus, long USDJPY. Bullish commodities Technicals: Testing long term trendline AB=CD At or near the 38% fib level Consolidation support uHd

Rocketman Updated 

Fundamentals : (1) Fed tapering predicted by economists around November. (2) Hawkish Fed (3) US economists expect a potential peak in COVID-related hospitalizations at the end of September. (4) Japan's outward M&A will reaccelerate into year-end. Technicals : (1) The daily and weekly price charts are in an upward trajectory.

Rocketman Updated 

Fundamentals: The SNB's floor for EURCHF is at 1.07. This is great information for small traders. Let's pin weak currencies ( thematically ) with strong in order to lower our risk and enhance our trade. Enter AUDCHF! The AUD is heavily oversold (fundamentally). The prospects looks bright for strength going forward in the medium-term. Technicals...

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Also...just observing a scenario in the NASDAQ based on a bearish view of the S&P500. I am still in cash for stocks and plan on it for the next three months.

Rocketman

Why fundamentals are "Power For You" and combined with technical reasons, we form a clear rationale for an investment opportunity. Fundamentals: Central bank monetary policy divergence between the Bank of Canada and R. Bank of Australia BoC - We anticipate the Bank of Canada to taper once again on October 27, 2021 (next meeting). And, we anticipate that this...

Rocketman Updated 

No Comment; just observing. I am in cash regarding the S&P500....

Rocketman

Update to EURGBP trade idea: Technicals: new bullish harmonic new negative emerging pattern