I am taking all the data and looking at it from the perspective of a trade-weighted index of the UK currency, the GBP. The individual currency, itself, has been trading in a box range for the past 90 weeks. Signs of life are appearing as the data from the UK starts to coalesce and reflect that demand is coming in. The longer we stay in the box the more steam...
CHF is neutral throughout all this Trump tirade and trade war worries. The Yen has strength. I am short CHFJPY.
Fundamental and Sentiment Analysis: I wrote a theme regarding the Yen and the expected "revived" Japanese economy moving forward from Q1'2018. I also summarized findings from several sources regarding the pivot to Asia from the West from 2018 to possibly a decade long fall in the DXY as the dollar loses its flickering lights and investors sell the dollar and...
The chart summarizing what is to come. It is title " Hello Asia; Goodbye West: The Asian Consumer & Global Power-shift ". I have this chart up from my written notes. Maybe I will write it here in this blog.
OBSERVATION of an 8 hour chart: Price makes lower and lower tails each session, but the volume also gets lower an lower, hitting support. Volume Divergence: The price was positive in the Asian session after making a lower candle wick low. Then, in London and the US sessions, the candle kept on making new lower wick lows; however, the volume got smaller and...
I have not fundamental viewpoint on TSLA. My outlook is neutral. I don't like their earnings and I don't like their cars. Technically, it looks like it is at a support area where buyers might step in.
I wrote about the Canadian economy previously. They have already squared a deal with America's tariffs. Technically, USDCAD hits resistance and there is a Head and Shoulders Pattern. Together, I increase my probability for a good fight.
Fundamental: CHF is market neutral in my view of things. I have written previously on my view of the USD. Technical: Weekly resistance and a 50% pullback in a bearish trend. Stochastics are oversold
Fundamental: According to Business Insider and other news outlets and the RBA itself, the RBA appears confident that the Australian economy will grow "faster in 2018 than in 2017;" that is, approximately 3%. Retail sales boded well and are stong. Inflation is 1.9%, yet still below their 2% target, like most central banks. The RBA kept its rates the same:...
On March 1, 2018, just a few hours ago, Trump has announced that the USA will have a 25% tariff on steel and a 10% tariff on aluminum Bush tried the same thing back in 2002. The result was a collapse in the US dollar. The dollar index (DXY) fell straight down for two whole years, falling from around 120 to about 81. dollar fell hard. It turns out that Trump...
I am not shorting BABA; I am just making an observation of where I think it will go next. I haven't checked the microeconomic-fundamentals of the company. Observing price only is called gambling, not investing. There are some professional gamblers out there; speculators using "price action" or technical analysis alone, and these are gamblers/speculators.
It looks clear to me that there are too many sellers in Bitcoin at the moment after all the rave and fan emerged around December 2017 when everyone and their mother started to jump into Bitcoin and the CME accepted Bit as a commodity. Now, Bitcoin is back at its November 2017 support levels where the buying frenzy started to begin. Projection: I project a range...
Continuation of the uptrend in AUDUSD...
Giving the interest rate differential spoken about recently, while not the most spectacular, it is reminiscent of the good 'ol days and higher interest rates. 6% would be better, but eh.. it is a good trade set-up in the same direction of greater yield. So, I am taking it anyway. ~ Rocketman
Waiting for a breakdown....
USDJPY looks like some bears are fueling a sell off already this year. My stop is already at BE.
A massive 4 hour breakout pattern is forming on EURUSD that was hard for me to notice on a smaller time frame is forming on the 4 hour chart. All stops and targets are in place within a daily chart as posted back in December. This cold be a second opportunity to enter in again.