About meA currency speculator forces a country to face reality. Using economic research, market sentiment and economic forecasting, I identify key fundamental vehicles for investment and then apply a propriety approach to participate in the financial markets.
Economic-Fundamentals are power for you! The financial game that we play; we play it with a clear head so that we can see with our eyes and trade what we see. Don't play it with your heart; you will lose; but, play with your might!
See trade idea for CADCHF:
Positive trending MACD
Positive sloping 200 SMA
VPA alignment with price and bar patterns at support
Monthly Double Bottom:
The BoC must raise rates at a faster pace and at an earlier time than before; otherwise, suffer the consequences of a destabilized economy, in which currency traders must force this economy to accept its state of affairs.
Long-term Trend Line support
Bullish Bat/Bullish Butterfly Pattern
With CHF overbought, Rocketman takes a long position to enter USDCHF.
USDCHF continues to follow an upward trajectory in the medium-term.
Indicators are bullish
Hoovering within a lower channel of 0.9133 and 0.9450.
a-b-c wave in progress
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.
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.
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.
Backed behind increasing yields, inflation (such as oil among others), this trend should...
Bank of Canada's rate decision and direction confirms our suspicions to take a short position in EURCAD. The Bank of Canada making inflation expectations a paramount concern to help real yields. This will, unltimately, benefit the CAD. Rising oil prices should also help the CAD appreciate.
Technical reasons to buy:
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...
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...
*This is purely a technical trade....
Scott Carney's Bullish Butterfly Pattern
This pattern stretched a bit, but looks harmonic
Daily Support tested with engulfing bullish candles
Weekly D3 ( not shown in this daily chart )
I see this as a possible technical retracement to 1.57, 1.58 or 1.60 (300...
Yields Point to a Higher USDJPY
Yield Spread is expanding.
The yield spread has yet to reach its deleveraging point; thus, long USDJPY.
Testing long term trendline
At or near the 38% fib level
(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...
I am just observing this potential pattern. Harmonic patterns like this originate with Scott Carney. You can learn about it at his website @ harmonictrader.com
He is a living legend. As an investor, I think may provide an extra layer of tools to one's personal arsenal in trading. It might come in handy and help one see the market one is looking at...