This here is my short analysis for the Dollar Index all the way back down to $82.50. This here is the overall bigger direction on the Monthly timeframe. My analysis has led me to believe the Dollar Index will take another dive down, in order to complete the corrective structure in accordance to the Elliot Wave Theory.
So far we've seen a completion of the...
These harmonic patterns have been a real hit or miss for me. However I couldn't help, but notice that the fibs alligned so nicely.
The "potential reversal zone" is the 1.618 XA project @ 2.519.
The BC projections of 2.24 and 2.618 (both in grey) were used to define the range of that zone.
The AB=CD projection was also include of the 1.272 and 1.618.
1.272 is an...
Simple manual guide to better understand the relations, if there is any, between SPX & US10Y BONDS
This is combing our four last studies into one comprehensive idea to try and figure out the patterns
in both instruments. Thanks for your understanding if i missed one here or there or made some
mistakes here and there.
*** THE KEY FOR THE WHOLE STUDY IS : Daily...
Before we start to discuss, I would be glad if you share your opinion on this post's comment section and hit the like button if you enjoyed it.
The US10Y confirms the inverse Head and shoulder set up by the daily breakout of the neckline. This Pattern confirms the possible bearish continuation of the stocks.
Have A Profitable Week Further.
There are plenty of Bitcoin charts which were scaled, dashed with lines in order to justify desired result, a dream of $100K price level. Well, bad news. It won't.
Before starting our review, if you are able to read simple graphics, please meet VIX: Volatility Index. Here you can see the opposite dance circles of VIX and BTC.
As volatility decreases at stock...
Following the big reception and positive comments on my most recent Bitcoin correlation analysis (with the U.S. Dollar Index and the S&P500), as shown below, I've decided to make another one, this time with the United States 10 Year Government Bonds Yield (U.S.10Y). Keep up showing me your interest on such ideas with your likes and comments, and I will make sure...
We are going to look at the weekly and daily time frames.
WEEKLY (W1)
Last week price action triggered a "Dark Cloud Cover" pattern (bearish !) with its weekly closing level
below the Tenkan-Sen and the cluster (Kijun-Sen & MBB) and also already within the weekly clouds support area.
RSI below 50, @ 47'98
This Dark Cloud Cover pattern neutralized the...
PS. Spearman Rank correlation is more interesting once it is less sensitive to outliers.
PS2. Have no FK idea if this relationship will hold looking forward.
Entering into a tactical short position on USDCAD. This is a pure position play, medium to long term I am bullish the USD, however I believe CAD is in oversold territory. USD is on a rip right now due to Powell pivot which the USD should be supported by US yield vs bond differentials. CAD positioning is in oversold territory ever since the last Bank of Canada rate...
Examining the gold's chart ( XAUUSD ) in daily timeframes, we see that the price is in a trading range after the break of the uptrend and is fluctuating in the same range.
We see that the price has rebounded (pullback) to the broken level. We have to see if the price will succeed in breaking its next dynamic support with the start of the new trading week or not...
I am expecting US 10Y short term downtrend to complete head at 0.88 area. If that marking complete then our analysis will working as we predicted
1.66 area is critical to watch if breaks then it may go up For more additional information check in chart
TVC:US10Y
Just be careful out there because we might be heading towards a big deflation event. NOT INFLATION... DXY could break above $130 and TLT could break above $200.
BITSTAMP:BTCUSD
TVC:US10Y
The chart shows the strong correlation...
The price chart of BTC does not seem good maybe but the US10Y chart has shown a retest on the trend line and 618 fib correction.
Just for your information to evaluate the positions...
Last week price action triggered a long black candle which broke on a weekly closis basis, both the Mid Bollinger Band and the Kijun-Sen or Base line.
Such kind of price action should be seen as a negative (yield ) signal, calling for lower levels.
In addition, the former uptrend support line which stated at the beginning of August @ 1.1270 has also been broken...
Hopefully we can reverse the direction and avoid something like that.
Disclaimer: This is no financial advice nor any financial service. Remember, 95%+ traders lose money. You are trading at your own risk.
