Crypto market found the support along with Tesla on a daily chart, which is now turning sharply up with huge volume increase after a completed wave C of an A-B-C correction from the highs. Whales loading?
Cryptocurrencies turned up nicely in the last few weeks as USD turns down across the board, following FED comments that they are planning to slow down the...
Some correlations between Fibonacci ratios on retracement and AB=CD with oscillators Ehler's Smoothed Stochastic and Even Better Cinewave . Price action below weekly Volume Weighted Moving Average (VWMA-20) is a strong bearish signal to look forward to a bear trend continuation, assuming that we have an intraday upthrust (distribution) movement and a potential...
If you check correlation with other assets, be it Gold, stock indices, other currencies or commodities, you will see how they are massively correlated (from 60% to even 95%) with gold.
This, first of all, tells you that
1) basically all your investments depend on the answer to this question as the dollar is the king of the markets now and
2) trading XAUUSD...
Hey tradomaniacs,
we currently see weird correlations as YIELDS are going up (especially shorter-term-yields which are likely to move up faster when facing a recession) while the US-Dollar falls.
As you might know, this makes less sense and we should soon see who one of those is lying.
The mixed NFP-Result which was actually bearish for stocks (not in detail...
XRP since it was listed on Poloniex back in 2014 seems to have mirrored the overall price action of BTC over the years but at a much slower pace from the looks of it it wouldd appear that BTC makes the move first then XRP takes about 1.65x longer to make the move itself. Based off this we can see that in late 2013 BTC started trading within a Multi-Year-Range...
The 2 year treasury bill yield has a well known high negative correlation with index prices as it represents the risk of short term capital allocations. When 2 year yields drop, stocks rally and same in the inverse. This is also true with the DXY, which represents the dollars value against other currencies and assets. When the DXY drops, the other asset tied in a...
The Japanese is still undoubtable the weakest currency across major pairs. The Bias towards this trade is based on the Dollar. I think the USD has peaked and it will either consolidate or Down creating a Risk off environment strong enough for Equities also Technical analysis confirms this. Considering the correlation between the CHF and USD this is where this...
Correlation time, DXY, SPX and XAU, compared to BTC.... Rising DXY, Ranging XAU and falling SPX, we can see from this chart, that BTC is acting in an inverse manner to DXY, and is falling like US stocks, as we enter a new stage of the market and the problem of inflation we are seeing the FED Raise rates and introduce tapering measures, less asset purchasing, since...
INVESTMENT CONTEXT
On June 9, the ECB governing council announced its intention to raise interest rates by 25bps in July; a "larger increment", possibly sized at 50bps, is envisaged for September if inflation persists
For the third time this year the World Bank cut its economic growth forecast for 2022, this time to 2.9%, after January and April revisions...
Hello traders, today we will talk about US dollar Index- DXY compared to US stocks, specifically SP500.
What we see on DXY is an intraday five-wave decline from the highs after a completed higher degree wave 5th. In Elliott wave theory it means that US dollar may face bigger A-B-C corrective decline, especially if we consider 5th wave and strong support on...
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As they say," Zoom out when in doubt!"
Right now we are seeing very turbulent times for the market. It seems as though everything is about ready to fall off a cliff. Please allow this chart to keep things in perspective. The S&P 500 is 100 points away from the .382 Fibonacci Retracement level at the time of...
New iteration of fed balance,gold,dxy correlations -for clarity added fed total balance as line to the chart,candles for dxy and gold, text info on the chart. Currently gold vs dxy looks still very very 2013 - but even if it's 2013 - this can take time to resolve completly.
s3.tradingview.com if we go further in time with gold and dxy - since 2003 fed balance...
Hey tradomaniacs,
technically we see a breakout and retest scenario in the daily-chart of Bitcoin.
If the support-zone holds and the re-test is done we oculd see another strong iompulse to the upside and so a bullish scenario.
Some of the pre-conditions are generally a risk-on-mood. Previous sell-offs have shown that Bitcoin is not really considered a safe...
Hey tradomaniacs,
everything I wanna say is mentioned in the chart.
Yields are currently falling due to more demand in Bonds (oversold market) which are attractive for investors who want less volatility.
When there is demand in Bondy yields are moving down (negative correlation) which is dragging down the momentum for US-Dollar which should actually move up...
Hey tradomaniacs,
chaotic market huh?
To be honest... I think the current move of US-DOLLAR doesn`t make any sense.
I keep it simple and short, otherwise I`d have to break the mold.
The data are mixed but do overall show a slowdown in the economy but at the same time rising inflation.
Non-Farm-Payrolls: 199.000 less jobs than expected and the worst...
Bought RVNC
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