One of the main reasons why USdollar – DXY may stay weak is DXY/ZN (DXY against 10Y US Notes) ratio chart. Now that 10Y US Notes is looking for a bigger recovery, DXY could easily see more weakness, as DXY/ZN ratio chart is still looking lower, but ideally once current bearish running triangle in (B) fully unfolds, which can be in final stages.
With bullish...
The longer-term trend and the cycle of the USD in a comparison with 10Y US notes ( DXY /ZN ratio chart). It can slow down later this year or in 2023, but if there will be recession, then USD can face another big leg up before an important shift occurs. GBP could stay weak in the meantime and it can even retest the 2020 lows first.
Be humble and trade smart!
All the best!
I noticed a lot of twitter talk on the LTCBTC ratio chart about to breakout. A very nice looking chart pattern. My question is if LTC is about to outperform BTC, why not BCH outperform LTC? It seems to be forming a similar pattern to LTCBTC. They are both highly correlated cryptocurrencies as well. Both LTC and BCH seem to have fundamental catalysts that could...
Ve-chain VETUSD approaching trendline support on 3 day chart.
While at the same time VETETH pair looks like it is about to bottom.
RSI divergences and oversold levels have historically marked each major bottom in VETETH.
Both ETH and VET are smart contract platforms, it makes sense for holders
of Ethereum to rotate profits into a project like Ve-chain. A similar...
Anticipating a breakout on the TFUEL to THETA Ratio chart to the upside. Looks like TFUEL will eventually outperform THETA for a period of time once it breaks out of the range.
Hello traders and investors!
Today we want to update our SP500 against GOLD, SPX/GOLD ratio chart, which we see it now breaking 2018 highs, clearly within an extended wave 5 of III, which means that we should be now aware of a pullback that can cause limited gains on SP500, while GOLD may become supportive.
Notice that GOLD is currently trading at strong 2019...
Hello traders and investors!
Today we will talk about stocks, specifically S&500 against GOLD (SPX/GOLD ratio chart), in which we see an interesting development we want to share.
As you can see, stocks remain in the strong uptrend and there can be room for more gains, we just have to be aware of another, higher degree correction as S&P500 is approaching 2018...
