Rocketman

Rocketman

Fundamentals : same as before. See previous updates. Technicals : Trend remains intact...

Rocketman

Fundamentals : Market reluctant to turn less bearish.. China factor clouds Aussie demand.. pessimistic equity market. Recent rate hike priced in - it was not shock to market consensus.. Aussie's statement at meeting was a cautious tone.. AUD will continue to fall relative to stronger countries.. Technicals : Downtrend 2 year lows Hosoda waves still...

Rocketman

No shake in consensus. Aussie will continue to fall...

Rocketman Updated 

This is a medium-term outlook on AUD/USD Fundamentals : AUD/USD - Bearish Australia's economy and their currency is still in a relatively weak position relative to the US economy regardless of whether they hiked rates above market consensus by 50 basis points recently. Compared to the US Fed and looking at the medium-term, this will not outpace the US Fed's...

Rocketman

Fundamental : Per prior view, I assume a stronger US economy than the Swiss. Technical : The CHF is overbought. The USD/CHF pair itself makes this one apparent with oversold in stochastics. uRd uHd Confluence : Horizontal support, Linear Regression Channel support and 61.8% fIB support

Rocketman

Fundamentals : Technically, both USD and CAD are strong economies; however, this is a short-term trade, not a medium-term one. I am not sure if overall strength in the USD will come in a form stronger than CAD or CHF, but the retracement of this chart of USDCAD seems to paint a rosy picture. Technicals : Pullback MACD positive ADX is gliding above 21, sporting...

Rocketman

Fundamental Analysis: On Thursday, June 16,@ 3:30am EST, the SNB surprised the market by hiking a shocking 50 basis points. The consensus was to maintain a -0.75% rate. The SNB raised rates to counter a 3% inflation so that in the medium-term there will be more price stability . Price stability is key for all free market and robust economies. The SNB will...

09:00

Rocketman

I take a look at a technical chart of EURNZD based on EUR bullish extreme signals in weekly COT data and continued weakness prospects in NZD. Prior MACD divergence reflected a bullish scenario. Based on the backdrop of sentiment and fundamental data, I use subjective probability to manage the risk of this investment.

09:08

Rocketman

This is a medium-term outlook on AUD/CAD, AUD/USD and USDJPY. Fundamentals : AUD/USD - Bearish AUD/CAD - Bearish USDJPY - Bullish Technicals : same...

20:00

Rocketman

Update to personal trades taken at the beginning of the week. The current sentiment is shifting back in favor for USDJPY.

20:00

Rocketman

For FOMC week of the first Friday of June 2022, I look at a few currency pairs and the Nikkei on multiple time frames in light of background knowledge in fundamental analysis and other data. ***I use Tradingview as a personal blog. I am not marketing anything. Follow at your own risk. Thank you!

Rocketman

Gold's pullback is over Past Support = Future Resistance 61.8% fib Bearish Trend

Rocketman Updated 

Any Pullback Seems Bound For Failure.... Technicals: Strong Trend

Rocketman

Fundamentals : The USD continues its bullish trajectory. The SGD has weakened 0.5% already this year against the greenback. Technical : The USDSGD chart looks trendy. Retracement to the 50% fib ADX is trending +Di has bullish pressure. Long USDSGD

Rocketman Updated 

Fundamentals : Yield Spread Differential Trade Technicals : Cup with Handle Pattern Clear uptrend Price above 200 ema hammer and morning star at support. pullback to 38% successful. Monthly Open Support next to the 39% level **negative, yet ignored: Daily and weekly MACD still negative. This is not important for this intraday trade. Target : The Ukraine...

Rocketman Updated 

Fundamentals: Australia's exports are, mainly, iron ore, coal, petroleum gas, gold , and frozen bovine meat (4% and above total exports; especially iron ore and other ores (>20% of total exports). They also export inorganic materials, wheat and cereal, but this is less than 2% of total exports. Anything 4% and above is more significant. Australia's largest trade...

Rocketman

Trend analysis: EURGBP doesn't look as bearish as before. The trend seems to be more bullish now. Could break w/ pullback to support. Kijun/Tenkan cross above the could Chikou Span above the cloud ***Although we need more evidence from other indicators that this is going up, I find this sufficient so far to take action. The cloud is positive.. Bullish rejection...

Rocketman

Fundamentals : Yield Spread Differentials support a long in EURCHF Technicals : DAILY Engulfing candle at support weekly support Cloud break and conversion and baseline cross. 1hour: SEE related: Intraday Cup with Handle Pattern Clear uptrend intraday Price above 200 ema intraday hammer and morning star at support intraday pullback to 38% successful. Monthly...