This is the BTC Dominance (BTC.D) chart.
BTC.D Down = BTCUSD UP
BTC.D UP = BTCUSD Down
Right now the BTC.D Chart is at a discounted market, however, it seems to be trading up into a premium market which is (technically speaking) why BTCUSD has been falling recently. Based on this chart, BTC will likely drop a lot more from where it's at should we reach up into a...
It makes sense that interest rates in the U.S. would be correlated with a carry trade like the dollar/yen. But I wonder how many forex traders think to use this information to inform their USD?JPY trades. The positive correlation between bond futures (say the ZB contract), or even TLT and FXE while U.S. markets are open, is remarkable persistent in any time...
Something interesting happened with the Dow Jones Transportation Average recently. Or, more precisely, didn’t happen. The S&P 500, Nasdaq-100 and Dow Jones Industrial Average all breached their October lows amid this year’s pullbacks. But Transports haven’t even come close to those levels.
Notice how DJT bottomed last week over 14,000. That was 1 percent above...
10 year US notes coming out of a channel, possibly starting to make a higher degree correction which can limit the upside for USDJPY. Nice resistance on USDJPY is at 114 where A-B-C rally can come to an end, at the former wave four, and somewhere around 50-61.8% Fib retracement levels.
USDJPY finally breaks out of a triangle as both SP and US yields rally.
Keep in mind that higher Yields are positive for the currency, while risk-on means depreciation of JPY, especially now when BOJ is not ready to take any action on interest rates. Based on their recent statement, they will most likely maintain stimulus in the next few years.
Blessing Moon Trading family, may you are in peace and having a great day full of profits and love! I am here as usual to help you to understand the dynamics behind Moon Trading strategy and to check how our entries are doing so far since the Full Moon.
SL: (usually) Trailing Stop of 5% (but this time I am not using)
TP: considering the...
The most recent ratio line crossed downward through a long-period Moving Average in June 2017. A decline in the DXY/GOLD ratio indicates that Gold is outperforming the U.S. dollars over long periods, so investing in Gold in relation to U.S. dollars , is a wise investment.
Is Bitcoin a good barometer for the broader market? The chart laid out above suggests this is a possibility - and indeed, it would make a lot of sense, considering how risk tends to peak prior to tactical and cyclical corrections in the stock market, and Bitcoin is broadly considered to be a risk asset.
Note how the 2017 macro top in BTC foretold a top in the...
Dick’s Sporting Goods has been running. Now, after a brief pause, it may be ready to keep moving.
The first interesting pattern on the daily chart is the price gap on May 26, which DKS recently tested (and partially filled). That resulted from a blowout quarterly report, with same-store sales up 115 percent.
Notice how price came down to test and hold the May 10...
➡️Inter-market analysis: XLP 👇
I think we should expect a minor pullback during earnings as indicated by the chart.
***This does not constitute financial advice.***
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Once again no indictors just a simple formula: impulse correction impulse correction. The orange/reddish correction inside the yellow correction is called a fractal.
***This does not constitute investment advice.***
The majority of stocks follow a simple behavioural formula 👇
The formula is simple: impulse, correction, impulse, correction. In my opinion, you don't need traditional indicators like RSI and MACD. I understand different charts with inter-market analysis.