Get started

Correlation

DXY short - Supply Demand - h4Hello Traders! On DXY I see it still going to the downside. We are right now at a daily Supply Zone. This Zone is a potential returning point in the market. If we have a look at the other timeframes. The Trend is downtrend. We can see this on all timeframes. Right now DXY made a correction to the upside. This is why a lot think that it will go back to the upside. But this is simply a correctional move. If we want to see the DXY going more to the upside than we need to break first the resistance that I market on the chart. Let's see what will happen. That was my Idea and I hope you liked it. Please leave a LIKE if you like the content. In the comment section you can share your view and ask questions. Thank you and we will see next time - Darius.
TVC:DXYShort
by DariusFxTrading
4
The Big Scoop! Gold v US DollarFollowing up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY). Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'. COVID popped the baloon that was expanded recklessly for about 11 years. The FED then put 'sellotape' on the balloond and did a fair job of reinflating it, with more 'air' of course. The effect of panic-striken money printing was to cause a loss of strength in the US Dollar against other currencies. Other factors like trade and price of Oil also account for Dollar strength in part. So post-COVID,around April to end of May 2020, the Dollar took on a decompensation pattern and crashed. It could get even worse, as today the FED re-affirmed it's commitment to doing 'whatever it takes'. This is probably not good news for the Dollar, but it's good news for those seeking upside on Gold. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, or miss opportunity, kindly sue yourself.
TVC:DXY
by Captain_Walker
1
🔔🔞 How Bitcoin Can Get You Your Heart's Desire 💖 BTC ETH LINKIntroduction: 💬 The weak dollar, DeFi hype, and tech boom during COVID have been great for crypto. This can be seen by looking at Bitcoin (BTC), Ethereum (ETH), and Chainlink (LINK). This doesn't mean we won't see a correction after the current consolidation period (something we are already seeing a bit with LINK), it just means overall things have been up-and-up and are still looking good. The more crypto booms, the more ground BTC, ETH, and Chainlink take. The more ground they take, the more crypto booms. That said, history and logic tell us we have to see a pullback at some point, let's take a look at these three leaders of crypto to get a sense of the current overall market conditions. Hit that 👍 button to show support for the content! Help the community grow by giving us a follow 🐣 ----- BTCUSD 4h: BTC Support: S1: The orderblock and previous S/R range at the bottom of the channel is likely to be the saving grace of crypto. Or at least this is the bull's best hope. As you'll see, the other cryptos will benefit from a show of strength here. BTC Resistance: R1: This range at the previous swing high which contains an orderblock is the first point of resistance for BTC. The bulls don't need to take this out right away, but a push above this range would be a great show of strength. R2: The orderblock range at the top of the channel is the last hope for bears who want to ensure there is no chance of a retest of previous All-Time Highs. Meanwhile, a clean break of this level would signal it is game on for the bulls. ETHUSDT 4h: ETH Support: S1: The support range at the previous S/R flip is a logical level for ETH to consolidate and run from. ETH has already tested this level twice, so technically it could just be up from here, although it would be far from uncommon to see another retest as we consolidate. S2: The range at the S2 orderblock, where the bodies of the range low candles sit, makes sense as support if S1 can't hold. Below this ETH loses some bullish market structure. It sets ETH back a bit if we linger below S2, although after such an epic run any level of correction wouldn't be out of the norm. ETH Resistance: R1: The range at the previous swing high and orderblock is our first level of resistance. This level is bound to be reacted to as long as we consolidate. R2: There is some resistance above, but for our purposes, this range is what the bears will need to defend and bulls will be looking to take out. A break above this level is very bullish for ETH. LINKUSDT 4h: LINK Support: S1: The level created from the previous support found on the way up is a logical place to bounce from. However, after losing this much market structure it is doubtful the bulls will be able to quickly pull out of the tailspin. S2: The S/R flip range here is a reasonable support level for LINK. There is a chance price goes lower once we get here, but on the plus side for bulls there is lots of support to start looking at starting at S2. LINK Resistance: R1: The most immediate threat to bull kind and the great hope of Zeus capital is the range at the R1 orderblock. A rejection here is key to the bearish ABC that takes us to S2 as shown on the chart. R2: If the bulls can manage the retest the top, it'll be the bear's last chance at keeping LINK away from mind-melting highs. Retesting this could however be a long time out if bulls don't act quickly. ----- Summary: All eyes are likely on BTC to hold the channel. BTC holding will help ETH and Chainlink hold their support levels. Meanwhile, BTC pushing above the channel and R2 should help the other cryptos launch. Given the DeFi boom, it is also possible ETH or even LINK steps in to pull the rest of crypto along for the next leg of a bull run, but our money is on BTC holding up the market here. With all of that said, bears will be ready to feast if the supports noted above start to fail... even if that feast is more temporary than we have seen over the past few years (as it tends to be in true crypto bull markets). Resources: www.coindesk.com ✨ Drop a comment letting us know what you think! ✨
BITSTAMP:BTCUSD
by AlphaBotSystem
9
ETHERIUM & BITCOIN CORRELATION (retest then leg up)Good evening everyone. Hit that like button for me (if you appreciate the visuals I've created here for you guys) 👍👍👍👍👍👍 I've been noticing correlation between ETH & BTC (it looks like Ethereum could actually be leading Bitcoin. When ETH topped out, so did BTC, and they both dropped and recovered around the same area's. (where the supply zones are at, after dropping from the demand area) PRO TIP: It's okay to change the short term plan, but never change the short term GOAL. (and long term) Enjoy your night. Comment below if you want me to post more ALT coin charts? like ETH and others? I appreciate the feedback! 👍👍👍👍👍👍
BITFINEX:ETHUSDLong
by Yurlo
7
EURUSD Cup and Handle,Correlation USDJPYHi again, hit that like/follow button to motivate me. As we can see EURUSD is in a retracement phase(handle) confirmed downtrend. Testing support and resistance. Respecting Fibonacci golden retracement levels at 50/61%. By using confluence and pair correlation strategies, please refer to my linked USDJPY Idea to understand fully the resemblance here. This is why it is important to compare and contrast pairs. In this case EURUSD and USDJPY will move similarly while USDCHF is expected to contrast them.
by Cangaceiro
USDJPY Cup&Handle updateOANDA:USDJPY Hit the like/follow button to show support my friends. This is just am update, please read the full analysis. If you’re following along check my full analysis I’ll link it to this one, the handle is respecting the downtrend as you see it hit the 38% of the Fibonacci retracement level. Lets see if this will aim for resistance or will give a deeper pullback. List of my confirmations: Price correlation is being respected: Nikkei; EURUSD; and USDCHF. Confluence zones along: SMAs; Trendlines; Fibonacci; Pivot Standards; Candlesticks; Support and Resistance.
Long
by Cangaceiro
Price Correlation MapIf you're following along you will see that I have continued my Correlation research, hit the follow and like button to show support Following the topic of Correlation here is a visual of what is going on lately, this along a few Forex pairs is a great way to compare and contrast the full list of correlation. Also US Oil and DXY I didn't add those on this chart because it was not flowing with the image I wanted to show, those are good to make on a separate chart with less noise.
OANDA:XAUUSD
by Cangaceiro
2
US dollar - US Treasuries Divergence The US dollar correlates positively to US Treasuries. Market participants needs US dollar when buying US Treasuries as investments or as collateral. Now we see a pretty sharp diverence and break of that correlation. One would anticiapte a return to mean of this relationship. My base-case is that the dollar will follow bonds and get bid up. In short, my reasoning is as follows: If liquidity continues to be tight, as low interest rates and central banks going crazy are signaling, the dollar will catch a bid as it's still the world reserve currency. Regardless of my bias: when macro correlations diverge, its time to pay attention.
NASDAQ:SHY
by eirikb007
1
Is Bitcoin Dominance Following the Dollar Index?The U.S. dollar has been sliding, with at least three major catalysts now weighing on the greenback: 1-Better economic numbers overseas, especially Chinese GDP last week 2-No QE boost from the European Central Bank last week, or the People’s Bank of China this week 3-A key stimulus deal by EU leaders this week Meanwhile back in the U.S., politicians are pointing fingers and central bankers are considering more stimulus. This keeps DXY in focus into the next Fed meeting on July 29. Will the dollar break its March low of 94.65? This could be a big story to watch, especially now that buyers are piling into precious metals. Yesterday the iShares Silver ETF traded over 2 million options contracts, the most in nine years. It also had its biggest one-day gain (+9%) since late 2008. This is classic risk-on behavior associated with a weak dollar. Interestingly, Bitcoin Dominance seems to be following a similar trajectory as the Dollar Index. Both are seen as “safe havens” that do well in times of volatility but slide when risk appetite increases. Last week, correlation between the two charts was the highest in 4+ years. Notice on the chart how BTC.D had slid under 64 and failed to rebound. This resembles other consolidation phases like January 2020, April 2017 and April-June 2016. In each case, Bitcoin was gaining, but higher-velocity altcoins rose even quicker. This decline of Bitcoin dominance comes as decentralized finance keeps spreading (up more than 100% in the last month according to DeFi Pulse). Crypto enthusiasts may want to keep an eye on this relationship – especially if the trend of dollar weakness continues. It’s potentially bullish for altcoins like Ethereum .
CRYPTOCAP:BTC.D
by TradeStation
Bitcoin - Slowly Rolling downOn LTF Bitcoin price still follows the SPX movements, although not with such a high degree of correlation and tends more to downside. But the big picture (chart below) hasn't changed much - still boring ranging. Btw, it falls before the stocks open again, I'd be caution with shorts here, because several times it quickly reverses after Hit the "LIKE" button and follow to support, thank you, Information is just for educational purposes, never financial advice. Always do your own research.
BITMEX:BTCUSD.P
by Bitduke