It was a good year for State Street. Investors thinking that US rates may have peaked are dropping their overweight positions in USD. www.ft.com Since this is the case, I see a possible 4% to 5% drop in USDJPY. However, I see USDJPY at 153-154 in Q1 2024, as the trend still long strong.
Technicals: Bounce up from average yearly range low. Weekly Breakout Daily pullback to cloud support+38%fib+Daily Engulfing Candle+Horizontal support confluence
The daily chart of USDMXN is back in step with the weekly trend. Weekly Snapshot:
Fundamentals : Daktronics (DAKT) manufactures digi displays, scoreboards, statistics software and controllers. This company caught my attention because estimated eps for 2024 is over 500%. Funds are growing in number, but the quality of the funds are not A+ funds. I am learning more about the company since the financial crisis. It looks like they have recovered...
Fundamentals : Mentioned before, but now, I start to doubt my premise a bit. However, the technicals are maintaining giving a sign that I should hold on to this idea. Technicals: Gartley Pattern a-b-c completion
Trade Idea: Last week, large specs dumped their positions in AUD. Technicals: dRd exDiv2 rejection candle Bearish Gartley Crown 127% target reached Horizontal resistance
Fundamentals : Positioned to grow further.... Technicals : uHd Triangular consolidation
Technicals : Positive Points: Quaterly Chart: NZDCHF and NZDAUD has hit yearly ADR. Whenever this has happened on a quarterly chart after making a new low, a quarterly rally start up for about 2 to 3 quarters at least. So, at some point, shorts will unwind. NZDCHF has stayed, relatively below the quarterly 50-moving average since the 1980s. So, the 50...
Fundamentals : Unclear Technicals: Clear and valid ichimoku breakout.... Tight Range breakout
Fundamentals : BOJ Technicals : Daily chart of CHFJPY retraced to a key level and hit daily ADR. There is hor. resistance and a fib level in confluence at the same level. target: 175
Here is my technical trading plan for USD/CHF: On a weekly chart attached, ( ) we can see that USD/CHF from July 2023 to October 2023, this pair rallied and created a new high. From that time, the price hit a "window" of resistance was created on the week of October 30, 2023. Consequently, this is the location where a lot of volume-transactions occurred,...
Technicals : Taking a second position in Natural Gas long Reasons : uHd pb to support and retook the kijun Daily cloud bulling Wicked Daddy Deeper pullback squeeze Price hit daily lower ADR and AWR and rallied Weekly 5EMAs signal and 15/50 signal: 1hour lower time frame crown fakeout:
Fundamentals : FED-BOJ divergence Risk : The US Fed suddenly starts to lower rates. Technicals : Daily Channel Cup/w Handle pattern Kijun Trend Bounce 5EMAs Past Resistance = Future Support Daily ADR reached Fixed Volume Profile support target: around 153
Fundamentals: I just checked out META's balance sheet. Its sales were over 20% for the first time since December 2021. I would like that to continue for two more quarters because the last two were not as good; however, they did accelerate consecutively since August or December 2022. That was the bottom of the stock's fall. Technicals : As sales accelerated...
Fundamentals : This is not a super stock. Those are hard to find. I have only found two. Futu is an online brokerage and wealth management platform. I visited this company in China. I went to experience the customer service. I was also able to meet some of the management team. The customer service is excellent and so is the management. Their concept in China...
Fundamentals : Unsure Rejection Confluence: 200ma+200ema+kijun rejection+50/61.8 fib rejection close below 50ema and 50 kyan tk twist
Fundamentals : Institution have a bearish forecast for the pound to drop below 1.20 against the US Dollar withing 6-12 months. Technicals : Quarterly Engulfing Bearish candle Weekly Head and Shoulders Pattern with the cloud about to twist in the bearish direction next week (Week of October 12, 2023). Price is below the weekly kijun. Daily candles are weak while...