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Intermarket

#Bitcoin Intermarket analysisAs you can see in this chart, there is a very interesting relationship between the US100/US500 ratio and Bitcoin. Before discussing the possible outcomes of this chart, let's gain a better perspective on this intermarket relationship chart. On one hand, we have the US100, which is a technology index divided by the US500, representing the largest US companies. On the other hand, we have Bitcoin represented by the orange line chart. Observing these two charts together, we notice that they move together most of the time, if not all the time, with occasional instances where one leads and the other follows. Currently, we can observe that the US100/US500 ratio is on the verge of creating a new low for the first time since the beginning of 2023. If this occurs, I believe it could signal the end of the significant bullish run of Bitcoin. If you've found this analysis helpful, please take a moment to like, comment, or share your thoughts with me.
CAPITALCOM:US100Short
by mohemati
2
High positive correlation between gold price and gold stockAs it can be seen in the chart we have a high positive correlation between gold prices and Barrick Gold Corporation as they move together. Previously as stock prices formed a new high gold price failed to do so and this represents a bearish divergence between prices and caused stock price to move lower sharply while gold price remained roughly around the prices it was. Now as Gold stock price creates a new low and broke bullish structure to the downside we could expect gold spot price to follow the move and also break the structure to the downside.
NYSE:GOLDShort
by mohemati
FUNCHARTS - Gold can be a leading Indicator for South32 (S32)Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. South32 (S32) on the ASX has been led by Gold (GLD) by 139 days through history. Go ahead and check out the chart, go back in time and you’ll see that there has been a reasonable correlation between movements in Gold followed by movements in South32. It hasn’t always been 139 days but this has been the highest correlation at 29% of all lag times, if that makes sense. The current intermarket forecast from Gold suggests a rally through to the 25th July, let’s see. Incidentally Coffee has provided an inverse correlation, I’ll show you that one another time. Happy Trading
ASX:S32
by andrew.gibbs777
How to trade in the period of crisis market? Oil short!Oil is one of the most popular bull markets is oil today. There are very huge opened long positions. But today I am going to sell this commodity. The reason behind is closing below 2 important trend lines , as I show it on the graph. As a trader, I should follow my system and it says me today to short oil. In the circumstances of crazy equity markets, huge sell off in energy markets is possible (for example, to cover margin calls). My target here is daily 200 MA (which is fibonachi level as well), with possibility to buy more on 100 MA. And of course, I'll do my best in terms of trailing stops, because today US session will be crazy too. Follow me to get more protected trading opportunities and practical capital control advice!
HShort
by ArtKon
USDCAD Long Trade SetupHey guys, just a short trading setup. We took a long position at around 1.3325 with a stop loss at around 1.33033 and initial target of 1.3387. This trade is just a range play. BUT why the position we haven taken is because of structure and Intermarket reasons, so we didn't just bought it randomly there is a strategy and structure technique behind it. For more see our signature. So we are bullish short term the USDCAD lets see whether it play out or not. As always never over leverage and always use a stop loss while trading and never risk more than 1% on each trade. Cheers
Long
by secrets2trade
EURGBP heads south again before breaking trendline?Hello Traders, Today we will share with you guys the FX:EURGBP as it seems to show soon further depreciation towards lower trendline around 0.845-0.85. It currently seems that we see more outflow of capital and profit taking from big investors around the current resistance level. As we believe a further appreciation of the GBP before turning south again in near term underlines the current statement that market may fall a little further again. Also the EUR may have some trouble heading north as it currently flirts with major resistance level. The reaction of the two currencies and the potential outflow in this curreny pair could be decisive if we see further downwards correction or a break of the resistance zone and trend line to head north. Supported by a significant intermarket sign, which points a potential outflow of capital currently towards two asset classes, commodities and bonds! This may underline this setup as it seems that market will initiate a correction at current levels to test lower trend line again. Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as our indication hits current outflow levels. Our measurement is currently the ratio of the FX:EURGBP vs. TVC:DAX , TVC:GOLD and OANDA:DE10YBEUR . Our inter-markets indication gave good accuracy in the past for timing our trades at price relevant levels. We will be looking for interesting entry levels and keep you updated once we see interesting signs of turning south again. As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care. Cheers, Secrets2Trade
Short
by secrets2trade
GBPUSD Next Short Opportunity?Hello Traders, Today we will share with you guys the FX_IDC:GBPUSD as it seems to show soon further depreciation towards 1.21. However, it currently seems that we see more inflow of captial as the USD as a whole lost some strengths after Yellen speech on Friday. Market will very closely watch next weeks NFP on Friday next week as key driver for March rate hike. This could be decisive if we see further upwards correction or a turning towards heading south again. Supported by a significant intermarket sign, which points a potential inflow of capital currently! This may underline this setup as it seems that market will correct a little further to the upside. Our intermarket analysis always helps us time our trades better. We see a good timing of a potential short trade as soon as our indication hit outflow levels again. Our measurement is currently the ratio of the GBPUSD vs. INDEX:FTSE and the GBPUSD vs. Bonds. Our inter-markets indication gave good accuracy in the past for timing our trades at price relevant levels. We will be looking for interesting entry levels and keep you updated once we see interesting turning points. As always, trading is a probability game nobody is 100% right and always use a stop-loss when trading. Trade with care. Cheers, Secrets2Trade
Short
by secrets2trade
U.S. Dollar Index Weekly Outlook + BIG Long Move Possible?The US-Dollar Index is in an intact impulsive long trend. After the weekly break of the sideways range a pull back towards the break out level or in other words around 100-100.5 zone was initiated.The possible upside breakout of the 1 ½ - year sideways range also underlines the current situation within the US-Dollar. After the Federal Reserve stopped QE 3 in October 2014 and started to think about rising rates the currency moved in a sideways range of uncertainty about a next potential rate hike. As the FED said that economic data should be waited to recover. For one and a half year the market moved in a range between 92-100. This is also shown in all USD-crosses such as the EUR/USD, that the USD made choppy moves on weekly time frames. After the market indicated an upside move and a potential fundamental driver of the US election, the market finally broke out of the sideways range and closed above 100 on a weekly basis which confirmed the breakout. After the FED rose rates in December 2016 for another 25 basis points, market reacted with further upside movement. This fundamental driver gave technicals a sustainable kick to the upside. For the near term, fundamental drivers play with the question of the next rate hike by the FED and tax policy by President Trump, which will affect the US-Dollar heavily as well. We definitely keep an eye when evaluating new mid-longterm bullish US-Dollar trades. However, currently market flirts again with the break out zone and seems to start its bullish move to the upside. BUT for an clear confirmation of a new start of an impulsive move the local highs ofaround 103 should be broken with a weekly close price, then we could easily see next weekly resistance of 107.75-110 with a potential pullback before. 107.75-110 is the price target of the projection from the sideways range. Bullish candle formation in weekly chart confirms that this breakout might not be a fake one. This indication told us that the uptrend might give a little pullback to the downside before continue due to an overbought market. This scenario is currently for some weeks of flirting with the resistance. We currently await for two scenarios for the DXY. Two scenarios: - Market finds support and initiates further bullish movement and breaks the resistance zone of local highs at 103.8 (break out highs). This would be a continuation move that the next impulsive the long side has been confirmed. - Market corrects a little further to the downside and holds support around drawn trend line after initiating further bullish momentum We remain bullish on long-term. As we look at our intermarket indications we could get confirmed with our statement, as they currently cooling down from capital outflow. We always mention the importance of intermarket flows, as we believe that investors only repark their money due to sentiment and global macroeconomic conditions. Therefore, we always keep in mind the in-and outflows with the help of our intermarket indications that lead us towards better timing when making a trading decision. As you might know that timing is one of the most important things when it comes to trading. As seen in the chart, our two of our intermarket indications showing a cool down of capital outflows and currently moving in buying territory which might indicate a soon inflow of capital towards other asset classes. We take into account always the BIG 4: Currencies, Bonds, Stocks and Commodities. As always, trading is a probability game nobody is 100% and always use a stop-loss when trading. Trade with care.
TVC:DXYLong
by secrets2trade
3
Kiwi consolidation aheadThe news out cited that the bond auction demand is strong that led to US dollar corrections as the reason in tonight's move. Technical reasons on short NZD/USD: 1. The daily chart shown above shows that the price action hits the upper bound of uptrend flag patterns (parallel to USD/CAD) 2. The 200 SMA also acts as resistance cluster of NZD/USD. Trade ideas: Entry at market price S/L: 0.7090 T/P: 0.6950 Note that if the current price does not apply to your risk reward ratio, you guys can re-entry at better price when the market corrects.
Short
by RhythmFX
Commodities / USDCAD parallels and technical implicationsThe news out cited that the bond auction demand is strong that led to US dollar corrections as the reason in tonight's move. Technical reasons on long USD/CAD: 1. The daily chart shown above shows that the price action hits the lower bound of uptrend flag patterns. 2. The 200 SMA also acts as support cluster of USD/CAD (MA 200 not shown on chart above). Trade ideas: Entry at market price S/L: 1.3120 T/P: 1.330 Note that if the current price does not apply to your risk reward ratio, you guys can re-entry at better price when the market corrects.
Long
by RhythmFX
Gold "bears" trade setup targeting 1660 areaTechnical: 1. Gold has been in steady uptrend channels for 9 trading days, but the recent price action overlapping the upside channel suggests that the correction is due. In addition, the 2 times rejection shown on chart also add to our short-term bearish bias. 2. The room of corrective moves in gold is seen to touch 1660 - 1665 area. Trade ideas: We generate the low-risk trade idea of shorting gold at current market price at 1178. S/L: 1186 T/P: 1163 Risk to reward ratio = > 1:2
FX_IDC:XAUUSDShort
by RhythmFX
1