The most recent ratio line of U.S. Dollar (DXY) to EURUSD crossed over the long-term Moving Average. This rise in the USD/EUR ratio indicates the USD is outperforming the EUR over long periods.
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...
➡️Pattern recognized: Running flat ➡️Hypothesis: Bullish ➡️Inter-market analysis: XLP 👇 ➡️Conclusion: I think we should expect a minor pullback during earnings as indicated by the chart. ***This does not constitute financial advice.*** If you like what you see why not support us? 👇
Not sure howI feel about Microsoft. It Looks bullish; however, I don't think it will moon like other tech stocks. ***This does not constitute financial advice.***
It was in a massive correction since November. The health care sector is looking promising. I think its time for the big long on MRNA! ***This does not constitute financial advice***
I like to hold my call options for at least 3 months. I plan to average down, MRK 06/18 80 C. I just like the stock! ***This does not constitute investment advice.***
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.
Bought to open GSK 01/21/22 38 C. *** THIS DOES NOT CONSTITUTE FINANCIAL ADVICE***
Waiting for pattern on the 5 min chart, this looks ready for lift off.
Waiting for a retest of the support line before engaging in any call strategies. What type of pattern is this? Its a regular flat ECW. ***This does not constitute financial advice***
I see further upside for this stock. Looking into call options.
Hi traders, I hope you had a nice weekend. In this new video update, I want to look at US-German yields differential as this may suggests where the USD can be headed next. However, technically the DXY downtrend is not completely invalidated yet, so rather than shorting EURUSD, look at USDJPY instead where I see more upside after retracement. Have a nice day. GH
Hey tradomaniacs, since Jerome Powell stated that "there is no inflation" the market keeps betting against the FED and tries to poke Jeromes nerves with rising YIELDs. This is obviously bad for equities, because higher returns provides a great alternative to Stocks, which is causing a strenght for the US-Dollar. So why could a short NZD/JPY be choppy?...
President Nixon in 1971 ended the practice of allowing foreign governments to exchange US dollars for US gold.(End of Gold Standard) So far, US Dollar tries to survive, but it fails anytime because we are in Bearish grand super cycle, after gold standard ended. As a little example, we see how gold compensate in the opposite direction of DXY! But the real deal is...
As you probably know, BTC and ETH are correlated which can be seen in the CC indicator below. Based on the drop in the BTC line on the chart, we will start tracking ETH for a short opportunity.