Rocketman

Rocketman

Natural Gas retraced back to support with lower volume and formed bullish candles.

Rocketman

Monthly rejection+med. pbs Weekly Crown pattern Weekly BBT Daily WD PBS Daily a-b-c Daily horizontal resistance Extreme daily indicator Trade Plan : short EURUSD with market order half size. Limit order to short around 1.0750

Rocketman

Reasons to go long USDHUF: 38%/61.8% pb confluence a-b-c equal legs completion cup-w-handle pattern Weekly BBT Monthly and Quarterly trend up 100ema+200ema+cloud support confluence Trade Plan: Wait for bullish candle pattern in the BUY ZONE, then enter.

Rocketman

Fundamentals: USD Bullish Technicals : Reasons for long trade: NR4/7 doji candle @ fib support 1st pb of new trend Wicked Daddy DPS Hor. support Extreme indicator is bullish Weekly BBT strategy muted a-b-c pb

Rocketman Updated 

Technicals: Past Resistance = Future Support Fundamentals: BoJ may hold rates and maintain status quo. If so, then, support will hold. If not, support will break.

Rocketman Updated 

SNB expected to raise rates BoJ expected to maintain rates. The Swiss National Bank (SNB) has a 40% chance of raising rates tonight. The Bank of Japan will not raise rates tomorrow. I expect the mega trend of CHFJPY to continue. I have entered a small position in advance of the SNB event in 3 hours. I will enter above the buy zone, as well. My stop is 162.50...

Rocketman

With oil rising, this should boost oil currencies. I believe that the EUR will continue to fall for Q3 and Q4 2023.

Rocketman

Technicals : curving consolidation flag pole break out target: 146

Rocketman

Technicals: Breakout of a triangle pattern with higher volume. Target: 146

Rocketman

Fundamentals: Local yields are rising and FX-hedged returns in the US are turning negative. Because of this, long-term debt outflows of the Eurozone will reverse into inflows. Banks expect this trend to continue for the next couple of years, given interest rate forecasts. Euro is expected to outperform its regional peers. As capital repatriates into Europe, EUR...

Rocketman Updated 

The UK economy relative to the US economy has a worse outlook. The former is heavily reliant on FDI with a poor balance sheet. The pound is floating on air. Weekly engulfing bearish candle at a weekly resistance level. Next supports is 1.8424 and 1.

Rocketman Updated 

See previous analysis, which is still in tact. Technicals: Monthly pb into a monthly support level (0.8630). EURGBP is cycling between a 1000 pip price range on a monthly chart since October 2016. A range from 0.8284 to about 0.9306. The price is currently coming off the lows of the range and traveling to the top again. Weekly bearish equal legs completion or...

09:00

Rocketman

This video presents my observation of trading opportunities in GBPUSD, NZDCAD, AUDUSD, EURGBP and AUDNZD. Markets have turned from focusing on the debt ceiling to US inflation related data. The first Friday of the month this NFP will be a volatile one. Focus will be on whether the data supports another Fed rate hike this June 2023.

Rocketman Updated 

Technicals: Top of trading range. At daily key level Retracement into 61.8% fib of April 21,2023 - May 22, 2023 swing. Monthly ADR reached 15 minute bearish Garley pattern 3U3 volume overbought stochastics

Rocketman

Technicals : Bottom of Channel MACD Divergence Stochastics oversold Volume supports the trade 3D3 divergence Comment : I anticipate that this area is support and the next candle will be a positive one, if not this one.

Rocketman Updated 

Fundamentals : The BoC is expected to cut rates at the end of 2023 or beginning of 2024. This is yet to be price into the markets. Oil demand will continue to topple. If the US economy goes into a recession, then this will affect Canada. Technicals : Bottom of a weekly pennant. Intraday extension, which suggests a continuation of the trend upward. Daily...

Rocketman Updated 

Sentiment : Given the recent rally in the DXY and the confirmed overbought condition of the NZD, I believe that the recent rally in NZDUSD is just a retracement. Techincals : Weekly down trend and change of polarity 8 hour intraday shooting star at or near resistance exDiv1 confirmed with a strong leg down from a weekly 61.8% fib Weaker leg up relative to the...

Rocketman

Fundamentals : When it comes to the economical balance sheet, EURO is much stronger than the UK economy. Post-Brexit, the UK is heavily reliant on FDI to fund its balance sheet, which is at a deficit. Investors are looking for yield and the UK may not be able to deliver as strongly relative to the Euro. Euro has a lot of storage of money abroad, which can...