Fundamentals: Increasing earnings and growing sales on a q/q bases. Return on equity is about 58%. So, for each $1 of shareholders' equity it has, the company made $0.58 in profit. On October 4, 2023, the company received a contract from US Space Force to support systems engineering and integration of next generation space-based missile warning, environmental...
Fundamentals: Deteriorating economic-fundamentals for the South African Rand: "It's a futile exercise trying to defend the exchange rate," says the South African Central Bank governor. He won't defend the depreciating rand. According to Reuters, Kganyago says that the "bank's main concern remained fighting inflation, reiterating that risks to the inflation...
Natural Gas retraced back to support with lower volume and formed bullish candles.
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
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.
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
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.
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...
With oil rising, this should boost oil currencies. I believe that the EUR will continue to fall for Q3 and Q4 2023.
Technicals : curving consolidation flag pole break out target: 146
Technicals: Breakout of a triangle pattern with higher volume. Target: 146
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...
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...
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.
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
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.
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...