EUR is fundamentally bearish currency due to all sorts of problems. It will turn down at some point. Technically, there are no more clear levels to the upside, only the yellow Break of Structure near 1.556 This means there will likely be a significant spike above where we are now. But I will not enter hastily. I also watch other charts and I would like SP500 to...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. I find these 4 altcoins interesting. 📌LINK, DOT, FIL and ICP have been stuck inside a range 5.0 and 10.0 For the bulls to take over, we need a break above the 10.0 round number and resistance. Meanwhile, as we approach the 5.0 round number / demand zone, we will be looking...
When SP breaks the bitcoin follows. Bitcoin is still ready to break lower IMO
Historical rallies regarding the US dollar show an unpreceded rise for high-risk assets, including stocks, which in the past had led to some sort of financial/economic crisis. For sure, always is very difficult to make an accurate forecast in price and in time, but we must not forget the explosion of the tech bubble in the 2000s, the ‘’Great Recession’’ in 2008,...
There is a narrative that the cryptocurrency market anticipates the traditional market; that is, that it anticipates tops and bottoms, reversals and the beginning of trends. It would be like the canary that enters the ore cave to see if there is toxic gas. As the canary is an extremely air-sensitive bird, if the bird comes back alive, it means the cave is a safe...
Hello traders and investors, today we will talk about US Yields and its relationship with GOLD from Elliott wave perspective. As you may already know, US Yields and gold are in negative correlation. And, as you can see, while US Yields are on the rise, gold is slowing down. However, US Yields can be now finishing a five-wave cycle from the lows, while gold is...
DXY has had quite the run and doesn't appear to be losing any steam. It just recently hit my July target level of 108 again... and this time I expect it to act as support as we gravitate towards Monthly R1, R2, and R3 levels. If I were to make a prediction as of today, it's that by Halloween (October 31) we will be knocking at 115. While I don't know the actual...
Hi Traders, Investors and Speculators 📈📉 Ev here. Been trading crypto since 2017 and later got into stocks. I have 3 board exams on financial markets and studied economics from a top tier university for a year. Daytime job - Math Teacher. 👩🏫 In today's video analysis, I share with you the SECRET of the USDT.D chart, that otherwise seems irrelevant in...
Had someone ask me today what I thought about Bitcoin. I had to say, They're the same thing! Since last year Bitcoin and S&P 500 have had a tight correlation of peaks and troughs. Each step lower for bitcoin or S&P and the other follows suite. Bitcoin is in tight consolidation now waiting for direction. Next major move for the S&P 500 is CPI on Sept...
September and October in red? 1. What Is Crude Oil? Crude oil is a naturally occurring petroleum product composed of hydrocarbon deposits and other organic materials. A type of fossil fuel, crude oil is refined to produce usable products including gasoline, diesel, and various other forms of petrochemicals. It is a nonrenewable resource, which means that it...
Commodities are basic good used in commerce of primary origin, produced on a large scale and used as raw materials by various economic agents. Examples are soy, corn, cotton, meat, oil, natural gas, wood and water. They are classified, according to their origin, into agricultural, livestock, mineral and environmental. Its main function is the supply of raw...
M2 is the money in circulation issued by the government. (fred.stlouisfed.org) M2REAL is the real value of M2 deflated by the CPIAUCSL (Consumer Price Index for All Urban Consumers). (fred.stlouisfed.org) (fred.stlouisfed.org) M2REAL is in an infinite uptrend, with a downward correction now. The correlation with SPX is positive as both are falling. A change in...
Just a bit of a reminder to always cover risk and never forget market structure. This is why I have already taken some profit on AUDUSD as the US dollar is still on a bull run in the longer time frame.. been a forex trader is about creating the best opportunities and limiting the amount of risk, this is why I believe the way I trade and analyse the market works so...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. As per my last picture idea, we have been waiting for BTC to test the gray zone and lower red trendline to look for trend-following buy setups. BTC is already around the gray zone , and yes, as per the current market conditions, a movement till the 28k-30k resistance / supply...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. We all know that GOLD and JPY are usually positively correlated. Means when Gold goes up, JPY pairs goes down due to JPY strength. Gold is currently sitting around a critical area 1675 - 1700 zone that has been respected since 2020. Here are the possible scenarios: 1-...
GBPAUD H4 Little bit messy here with this pair, but we have also seen evident AUD strength in line with recent trade. Support at 1.75 has seen a break, we are simply waiting for a correction to this 1.74750-1.75000 region to look to jump in with the next wave short. GBP not looking to great in current climate.
DXY H4 We have been pretty spot on with the dollar performance, marrying up correlation fundamentally and technically. Refer to the FX technical rundown for more information. This has really helped identify handles to trade from amongst other USD related pairs, especially cable.
Good day friends... From my last post I shared how I have a bullish bias on XJPY pairs. And here sits beautiful EURJPY giving us a bearish setup 🤣... Am I looking to go short ? Answer is no... Why ?... In simple and plain terms ... Audjpy, EURJPY, CHFJPY, NZDJPY, GBPJPY are all positively correlated so if 4 out of the 5 have ruptured bearish order flow it's only a...