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Intermarketanalysis

How to Use Intermarket Analysis? - Crude Oil Potential DirectionAn example of Crude Oil and Palm Oil in my intermarket analysis to demonstrate how I identify potential upcoming trends and why I believe both are about to move. To help narrow down potential opportunities in other markets, you can apply the techniques I am about to share. Micro WTI Crude Oil Futures & Options Ticker: MCL Minimum fluctuation: 0.01 per barrel = $1.00 Disclaimer: • What presented here is not a recommendation, please consult your licensed broker. • Our mission is to create lateral thinking skills for every investor and trader, knowing when to take a calculated risk with market uncertainty and a bolder risk when opportunity arises. CME Real-time Market Data help identify trading set-ups in real-time and express my market views. If you have futures in your trading portfolio, you can check out on CME Group data plans available that suit your trading needs www.tradingview.com
NYMEX:CL1!Long
by konhow
#SPX intermarket analysisAs observed, the SPX and Copper have shown a strong positive correlation over the past few weeks, often forming tops and bottoms simultaneously. Given that Copper recently failed to break above a long-term bearish channel upper line and has broken its structure to the downside, we might expect a similar move in the SPX. However, when trading SPX based on this intermarket analysis, it's crucial to wait for a price confirmation in the SPX itself before taking any action.
FX:COPPERShort
by mohemati
#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
Dr copper potential more downside moveHello traders, lets take a look at copper which testing an important resistance area and see what can possibly happen and what are the consequences of possible bearish move in other markets like us equities. first lets talk technical, price overall bearish Daily move in copper formed a standard #head_and_shoulder pattern in form of consolidation in downtrend move and as we know this chart pattern in the middle of a move showing continuation. As it can be seen price formed clear H&S pattern and now forming possible LH at key resistance area below Daily EMA and at the 4H timeframe 200 EMA. more importantly price failed to close above 3.80$ in the past 3 days. Also we know that copper as one of the most important commodities is very sensitive on economic data, and since central banks are in raising interest rate campaign in order to take control inflation this can be interpreted as lower economic growth and as a result les demand for industrial commodities like copper which can bring prices lower. so now obvious chart pattern and a valid downtrend, price testing important resistance area and failed to break above it and more importantly we have fundamental aspect inline with technical analysis which all together gives good odd to find a trigger to short.
CAPITALCOM:COPPERShort
by mohemati
EURUSDI was looking for a bearish weekly candle. Price created a "Tuesday high of the week" into a PD array FVG above the 50% and rushed downwards below the week open. In setups like this it's rare for Wednesday to break above the week open again, especially when we have a lot of news drivers during the week where we anticipate good price animation. From Wednesday to Thursday price created an ascending flag and a 3 drives patter reaching the week open once again inside a PD array. I wanted Thursday to also form an OHLC (Open, high, low, close) setup. Once price created a nice bearish candle on London open i've waited for a smaller time frame confluence to enter on a FVG+Bearish Breaker combo.
Short
by Kamis777
CADJPY 25th JANUARY 2023Crude oil prices in most of the world's physical markets have started the year with a rally, as China has shown signs of buying more, and traders fear sanctions against Russia could tighten supplies. Early indications show there has been an increase in activity, which means oil demand will increase. The EU and G7 coalition will cap the prices of Russian products from February 5th. Commodity Channel Index (CCI) is a momentum indicator used to estimate oversold and overbought conditions of an instrument's market. This indicator uses overbought and oversold to determine entry positions to sell or buy. The level of market saturation can be a signal to detect a market reversal or continuation.
Long
by DNP-FX
Elliott Wave Review Ahead Of US CPI Data On EUR, NZD and BitcoinWe have a busy week ahead, with plenty of important data for the interest rates policy in US, UK and EU. We have US CPI already tomorrow, which will be interesting data as speculators will put their bets on FOMC decision which is scheduled a day later. From an Elliott wave perspective, I will focus on EURUSD and KIWI which can offer nice buying opportunities on a pullback. I will also look at bitcoin. Trade well, Grega
by ew-forecast
#EURUSD next moveIn order to analyze EURUSD move we can use intermarket analysis as well, and as you can see for a past couple of month we have high positive correlation between EURUSD and TLT ( US 20 year treasury bond ETF). Right now that price has been trapped in a rangy area for a Days, we can say for a breakout of any side we need to see confirmation from TLT as well. which means if price wants to create a Higher high and penetrate the high we need to see TLT create new high as well and goes above the arrow on TLT curve. However, if TLT is unable to create new high but EURUSD does there might be intermarket divergence between these two assets and that perhaps could signal for a bearish divergence which can be followed by a downside reversal on EURUSD. A third scenario would be that they both fail to create high and turn to the downside which in this case EURUSD chance to break to the downside is higher. A lot of news can have impact on the movement of TLT like tomorrow unemployment rate but for sure the single most important one would be federal reserve fund rate which going to be announce on 14th of December , and if fed hike rates is lower than expectation that can bring TLT Higher and drive EURUSD Higher as well.
by mohemati
Intermarket Signals for the S&P 500As most people probably realize, the S&P 500 had a dramatic reversal on Thursday. (The 5.6 percent range from low to high was the biggest since March 2020, according to TradeStation data.) Today we’ll consider some intermarket patterns on other charts. First is the U.S. dollar index. The greenback’s relentless advance has plagued the bulls for most of 2022, especially in recent weeks as the EURUSD pair broke parity. But something interesting could have begun on September 28. That’s when DXY was unable hold a new multiyear high and then broke the previous session’s low – a bearish outside day. A similar candlestick appeared on October 13. Both are potential reversal patterns. Also consider this month’s lower high. Has the U.S. currency peaked for now? Second, the 10-year Treasury Yield remained below long-term resistance around 4 percent despite last week’s inflation reports exceeding forecasts. Has TNX reached an intermediate-term high? That could be another potential positive for equities. Third, “Dow Theory.” The Dow Jones Transportation Average made a higher low this month despite the broader index making a lower low. That’s a potentially bullish “non-confirmation” of the new low: Intermarket signals like these matter less than price action on the primary SPX chart. They can take time to play out but could be positive. Traders may want to review them, especially with the calendar of events shifting away from inflation and toward company news. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. You Can Trade, Inc. is also a wholly owned subsidiary of TradeStation Group, Inc., operating under its own brand and trademarks. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing in cryptocurrencies involves significant risks. Please click here for TradeStation Crypto’s risk disclosures on investing and trading in cryptocurrencies. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
SP:SPX
by TradeStation
BTC.D Intermarket Analysis 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 further premium for the BTC.D market. What is BTCD? BTCD is short for Bitcoin dominance (BTCD) and is defined as the ratio of Bitcoin's market capitalization to that of the rest of the cryptocurrency markets. Bitcoin (BTC) is a digital currency that was first introduced back in 2009.
CRYPTOCAP:BTC.DLong
by KnowledgeAndProfits
Ever noticed the high correlation between TNX and USD/JPY?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 frame. USD/JPY traders could easily get a second opinion just by looking at what the bond market is doing.
by gordonscottcmt
Does Anyone Remember Charles Dow?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 its trough near the end of the third quarter and start of the fourth quarter. Turn back the clock a little further to the late 1800s, when Charles Dow famously noticed that railroads and shipping stocks could confirm moves in the broader market. In the current case, “Dow Theory” may be providing non-confirmation of weakness . And that could be bullish. Second, consider the converging trendlines as DJT eased lower. Is that a falling wedge, another potentially bullish reversal pattern? Finally, you have the bigger picture because Transports are a classically cyclical part of the market that often benefit from a strong economy . With Covid cases falling, the U.S. reopening and the spring/summer approaching, investors may view Transports as a potential beneficiary. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
DJ:DJT
by TradeStation
2
USDJPY Breaking Out Of A Triangle 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. Technically I expect USDJPY to see more upside after a completed triangle, so looking for a retest of the 2021, maybe even 2020 highs. JPY crosses are also looking interesting, GBPJPY in particular.
by ew-forecast
$BTC/USD Moon Trading & Technical AnalysisBlessing 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. Entry: $40.600 SL: (usually) Trailing Stop of 5% (but this time I am not using) TP: considering the historical data that I shared in the last idea, it could easily be $57.800 Even after the fall all the currencies had with Evergrande's news, we are still a nicely almost %6 up. But, if you were using Trailing Stop of %5 and your SL wasn't triggered, you could have taken profits of %11 with the peak of the previous days around the Full Moon. If you were trading with leverage, multiply that for the number you were using. That easy is to be profitable with Moon Trading, without taking unncesary risks with your investment and always taking smart and carefully thought entries. How can I take a careful and smart entry using Moon Trading strategy? Well, if you see in this chart, the RSI was giving a buy signal in the daily chart. Every single time around the Full Moon day that I see this buy signal, always the price just keeps going up, even if there are some strong catalysts to bring the price down, as it happened the last couple of days with Evergrande in China. Should I only base my entries on RSI and the day of the Full Moon to open long positions? Well, I like also to use MACD, the historical data of the same Full Moon the last years, what is the expected performance of the price according to this, and also to keep a close eye on DXY and S&P 500 which give together a powerful information. Whenever you see the price of the American Dollar going down, you will see cryptocurrencies in general but Bitcoin in particular going up. If the stock market is still opened, it will impact even more, because whatever happens to S&P 500 usually affects in a great manner to cryptocurrencies. This could be due to the players that are present in both markets: hedge funds, institutional traders and many other reasons, such as algorithmic trading and goverments trying to manipulate the market, whales closing massive positions to take profits before they need to break even due to a high volatily in the market, etcetera. Once you see the RSI + MACD + daily volume giving you a buy signal, and the S&P 500 in a bullish trend, together with the DXY in a bearish trend, that is a great great time to take an entry. Also I consider personally that is very wise to keep an eye on the news around the macroeconomy and crypto related topics, which together usually operate as powerful catalysts for the prices. Did you take this entry? If not, according to all what was mentioned before, you are still in a great moment, just remember to do your own diligent and conscious research. This is not financial advice but for educational purposes only. May you have an extremely profitable 2 weeks between the Full and the New Moon the 6th of October. PS: remember that we have a Moon Trading channel (@MoonTradingTA) where I share a lot of news, tips, analysis and more, join us!
COINBASE:BTCUSDLong
by nicolashuljich
2