Rocketman

Rocketman Updated 

Ay Caramba! Mexico is the place to put my money for now. I think this will give me a better return than gold. Gold doesn't pay interest. If the US grows, then Mexico will grow faster. Pip spreads are high. this is a longer term trade and/or investment on a daily, weekly and monthly chart. So, it will be slow.

Rocketman Updated 

Potential IHS long on the DOLLAR; however, it doesn't mean it will moves faster than other currencies. I will wait until the end of today to determine where it goes from here.

Rocketman Updated 

The relief rally is about to start

Rocketman Updated 

NZDUSD: Ready to close short position. Initially, I was short. The quality of this trade was bad. I believe patterns can break, and in this case, New Zealand's news broke this pattern. I am about to close this position if 0.7240 is breached. Besides that...I shall get some rest.

Rocketman Updated 

New Zealand came out with news that shocked the market concerning expanding credit to investors, which could fuel their housing boom: www.bloomberg.com Both New Zealand and Australia are experiencing a housing boom. Australia is in an early expansion territory.; however, my fundamental view for New Zealand is still not good. I believe that Australia has...

Rocketman Updated 

I had to update this chart because I was following MUX for a long time and my targets all have ben hit. I was following this company after days and weeks of studying it and listening to the CEO. It has no debt and it is a gld miner. Given the environment the world is in, I think it still makes a pretty good investment and trade. I am looking to buy in the $1...

Rocketman Updated 

I was waiting for a daily breach of support, but now here is a weekly sell signal. With Brexit approaching next week (a few days away now), I will wait. Maybe they will remain in. Weekend..watching movies. Take care!

Rocketman Updated 

I believe that NZD's interest rates will get lower or stay the same; and the USD's rates will rise on a weekly basis. But, I won't hold overnight too often because it is too expensive for now. I will take bite-by-bite out of NZDUSD on smaller time frames, like the daily and 4 hour charts. There will come a day when the US raises rates to 75 basis points that...

Rocketman Updated 

I am watching McEwen Mining (MUX). I would like to see price move to $1.50ish before I consider it again. If it follows my pattern and continues on the way up, then I will look to buy dips around 1.16 to 97 cents, and aim for partially out around $2 to $4, while holding the rest to $7 with re-entries. This is a 1 year to 2 year horizon in price appreciation that...

Rocketman Updated 

If The Yen gets beyond 83.90, then this will confirm the beginning of a bear market for the USD as it did back in 2008 when the Yen rose; and it would justify the structure of this wave analysis. I am also taken into consideration that a strong Yen is bad for the Japanese economy and for the Nikkei, being that Japan is an export-based economy. This should,...

Rocketman Updated 

Visual signs of a new bear market brewing ahead is spilling over into Yen repatriation or safe haven flows. This may send the dollar down in the beginning as well, but the dollar is also a safe haven currency. Eventually, the US Dollar will rise also.... so the idea goes.

Rocketman Updated 

There is no reason to be bull or a bear, when you can be a penguin and wait.

Rocketman Updated 

Hmph....another day of waiting for a set-up to be triggered: - A fall below 47.95 on USOIL will be a trigger for me to start looking at CadX or XCad pairs. Then, and X-Wave to 42.00. - Otherwise, I await support to hold above 47.95, then a Y-Wave up to 54.41.

Rocketman Updated 

This is a chart of the GBP (sterling) trade-weighted index (black), along with the US dollar index (green), and the GBPUSD pair. This GBP trade-weighted index is a Basket Composition of UK's currency that puts emphasis on the relative importance of the trading partners of the United Kingdom by percentage. This makes more sense, as a country will be more effected...

Rocketman Updated 

The Canadian economy comes out with retail sales tomorrow. I suspect that the news will be positive based on my analysis. Since the CAD is influenced by OIL, look at oil and trade the CAD. I am not sure which currency to pair it with yet. I need to make sure the CAD is strong and find a weaker currency to go with it. Another think to keep in mind is the...

Rocketman

Two plans to take only AFTER BREXIT

Rocketman Updated 

This night, I took a few hours to gather my research on the upcoming Canadian economic release - the CPI. Gathering all my data on Canada, from observing my very own leading indicators for the country and observing manufacturing and sales data, I can confidently say that the upcoming risk event - CPI and/or CORE CPI for the Canadian economy will have a surprise...

Rocketman Updated 

USOIL: Reconsider CAD buys: TGIF....Waiting BREXIT Earlier I posted going long the CAD, now USOIL has put in a resistance level. Time to be vigilant in taking long trades in the CAD. Its Friday and there is no news or catalyst left to push the market. Its all technical sentiment from here. As long as oil pushes up it will help the CADJPY and USDCAD pairs move...