Sprott Physical Copper Trust (symbol, COP.UN) traded in Canada COP.UN is showing a big discount of about 20% against NAV
So a buy set up in COP.UN around current levels of about CAD 9,65 could show some nice profits
in the coming months when the discount will probably getting smaller.
Potential upside 20%
Long positions in COP.UN can be hedged by going short CPER (Copper ETF) in the US market to hedge against price drops in COP.UN
Pairs
TECS/SSG Potential Long OpportunityTECS/SSG pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
ZSL/JDST: Potential Long OpportunityZSL/JDST pair is signaling a Long position at the close of yesterday, supported by multi indicators, suggesting a promising opportunity.
ADX : Indicates no trend at present, and a quick look at the daily chart confirms it.
Correlation : remains very high in the last few weeks.
Close price : closed below lower BB.
Historical test : I would be happier with more historical opportunities in the last few months to test, but generally it seems okay.
USDJPY broke above the 1day MA50. Bullish signal.USDJPY broke above the 1day MA50 for the first time since July 17th.
That is a clear bullish signal as the last time it did this after a correction was on January 16th 2024.
We expect at least a test of Resistance A on the short-term.
Buy and target 149.500.
Previous chart:
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(MOG) mog coinmog coin listed to kraken but now does not appear on their website as newly listed. Not sure if there is a bug or glitch or if they decided to not list mog coin. As I can see on trading view the kraken USD mog coin pair does exist despite the listing on their website going blank. Kraken also listed memecoin. In the last few months Kraken has listed some ~50 cryptocurrency to their trading exchange.
notable add-ons include;
TURBO, ECHELON PRIME, PARCL, RENDER, FLOKI, MANTLE, KUJIRA, BITTENSOR, LAYERZERO, BIG TIME, PENDLE, SAFE, MAPLE, HELIUM, BONK, OPTIMISM,.
people in the USA cannot trade :
ACA, AGLD, ALICE, ASTR, ATLAS, AUDIO, AVT, BONK, C98, CFG, CLOUD, CSM, FLOKI, GENS, GLMR, HDX, INTR, JASMY, KIN, KMNO, KUJI, L3, LMWR, MC, MV, NMR, NODL, NYM, ORCA, OTP, OXY, PARA, PEPE, PERP, PICA, PORTAL, PRCL, PSTAKE, PYTH, RAY, REQ, REZ, ROOK, SAMO, SDN, STEP, SUI, TEER, WEN, WIF, WOO, XRT, YGG, ZEX.
I notice quite often the best performing cryptocurrency "on the day," is one that is not tradable in USA. For instance, this week Sanctum (CLOUD) performed the best while most cryptocurrency was losing yet there is no way to gain from this instance because as seen from above CLOUD is not tradable in USA. Neither Bonk nor Dogwifhat are tradable in America on Kraken.com.
to check your location here is the link:
support.kraken.com
OHI/SBRA: Potential Long OpportunityOHI/SBRA is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
FANG/EOG: Potential Short OpportunityFANG/EOG is showing a signal for a Short position after the end of yesterday, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the overbought area.
New pair trading opportunity today?VGK/EXG is showing a signal for a long position starting today, and all indicators support what appears to be a promising opportunity.
ADX: Indicates no prevailing trend in the pair.
Correlation: Remains high.
Price: Positioned in the oversold area.
I will monitor the market throughout the day and make a final decision on this trade by the day's end.
Trade Recap: MEDP & LSCC - 24/4/24 to 25/4/24Market Context and Indicators (Closing of 23/4/24):
Directional Movement Index (DMI):
* DI+: 42.59
* DI-: 11.53
* ADX: 19.75 (indicating a weak trend)
Stochastic Oscillator:
* %K: 94.34
* %D: 98.11 (both in the overbought territory)
Correlation:
* MEDP & LSCC: 0.8852 (strong positive correlation)
Trade Information:
MEDP Position:
* Position: Short
* Entry Price: $415.00
* Exit Price: $406.00
* Duration: 24/4/24 morning to 25/4/24 mid-day
LSCC Position:
* Position: Long
* Entry Price: $70.39
* Exit Price: $72.35
* Duration: 24/4/24 morning to 25/4/24 mid-day
Analysis and Strategy:
Given the strong positive correlation of 0.8852 between MEDP and LSCC, paired with the overbought levels of %K and %D on the Stochastic Oscillator, we identified a potential reversal opportunity. The ADX at 19.75 suggested a weak trend, which further supported the hypothesis of an imminent price correction.
Trade Outcome:
* MEDP: Achieved a successful short trade with a profit of $9.00 per share.
* LSCC: Achieved a successful long trade with a profit of $1.96 per share.
These trades exemplify the effectiveness of leveraging correlation and technical indicators to capitalize on market movements.
Key Takeaways:
Utilize Correlation: Understanding the correlation between assets can provide insights into potential price movements.
Monitor Indicator Levels: Overbought and oversold conditions, combined with trend strength indicators, can highlight profitable trading opportunities.
Adapt to Market Conditions: Weak trends, as indicated by ADX, often present good reversal trading opportunities.
Stay tuned for more trading ideas and market insights!
EURUSD: The picture is very clear on the 1w chart.The EURUSD pair had been going up and down the 1w MA50 lately, being higly volatile especially after the Fed meeting last week.
This can be confusing on smaller time frames like 4h or 1h (even 1d) but on the 1w the situation is pretty clear technically.
The long term trend is bearish inside a Bearish Megaphone since 2017.
After a Channel Up pushed the price upwards, the pair tops when the 1w RSI forms Lower Highs.
Then when the price crosses under the 1w MA50, a strong downtrend begins, the previous two have been -22.80% and -15.65% respectively.
This time the Fed has distorted this but the effect shouldn't last for long.
This is a strong sell signal and the target can be any price within the 1.000 - 0.9500 range.
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TradingView Binance All Futures USDT Pair TXT Import USDⓈ-MThis is All Pairs List for USDⓈ-M Binance Futures 2024
Last Update: 15/12/2023
238 Pairs:
binance:1000bonkusdtperp
binance:1000flokiusdtperp
binance:1000luncusdtperp
binance:1000pepeusdtperp
binance:1000satsusdtperp
binance:1000shibusdtperp
binance:1000xecusdtperp
binance:1inchusdtperp
binance:aaveusdtperp
binance:achusdtperp
binance:adausdtperp
binance:agixusdtperp
binance:agldusdtperp
binance:algousdtperp
binance:aliceusdtperp
binance:alphausdtperp
binance:ambusdtperp
binance:ankrusdtperp
binance:antusdtperp
binance:apeusdtperp
binance:api3usdtperp
binance:aptusdtperp
binance:arbusdtperp
binance:arkmusdtperp
binance:arkusdtperp
binance:arpausdtperp
binance:arusdtperp
binance:astrusdtperp
binance:atausdtperp
binance:atomusdtperp
binance:audiousdtperp
binance:avaxusdtperp
binance:axsusdtperp
binance:badgerusdtperp
binance:bakeusdtperp
binance:balusdtperp
binance:bandusdtperp
binance:batusdtperp
binance:bchusdtperp
binance:beamxusdtperp
binance:belusdtperp
binance:bicousdtperp
binance:bigtimeusdtperp
binance:bluebirdusdtperp
binance:blurusdtperp
binance:blzusdtperp
binance:bnbusdtperp
binance:bntusdtperp
binance:bnxusdtperp
binance:bondusdtperp
binance:bsvusdtperp
binance:btcdomusdtperp
binance:btcusdtperp
binance:c98usdtperp
binance:cakeusdtperp
binance:celousdtperp
binance:celrusdtperp
binance:cfxusdtperp
binance:chrusdtperp
binance:chzusdtperp
binance:ckbusdtperp
binance:combousdtperp
binance:compusdtperp
binance:cotiusdtperp
binance:crvusdtperp
binance:ctkusdtperp
binance:ctsiusdtperp
binance:cvxusdtperp
binance:cyberusdtperp
binance:darusdtperp
binance:dashusdtperp
binance:defiusdtperp
binance:dentusdtperp
binance:dgbusdtperp
binance:dodoxusdtperp
binance:dogeusdtperp
binance:dotusdtperp
binance:duskusdtperp
binance:dydxusdtperp
binance:eduusdtperp
binance:egldusdtperp
binance:enjusdtperp
binance:ensusdtperp
binance:eosusdtperp
binance:etcusdtperp
binance:ethusdtperp
binance:ethwusdtperp
binance:fetusdtperp
binance:filusdtperp
binance:flmusdtperp
binance:flowusdtperp
binance:footballusdtperp
binance:frontusdtperp
binance:ftmusdtperp
binance:fxsusdtperp
binance:galausdtperp
binance:galusdtperp
binance:gasusdtperp
binance:glmrusdtperp
binance:gmtusdtperp
binance:gmxusdtperp
binance:grtusdtperp
binance:gtcusdtperp
binance:hbarusdtperp
binance:hftusdtperp
binance:hifiusdtperp
binance:highusdtperp
binance:hookusdtperp
binance:hotusdtperp
binance:icpusdtperp
binance:icxusdtperp
binance:idexusdtperp
binance:idusdtperp
binance:ilvusdtperp
binance:imxusdtperp
binance:injusdtperp
binance:iostusdtperp
binance:iotausdtperp
binance:iotxusdtperp
binance:jasmyusdtperp
binance:joeusdtperp
binance:jtousdtperp
binance:kasusdtperp
binance:kavausdtperp
binance:keyusdtperp
binance:klayusdtperp
binance:kncusdtperp
binance:ksmusdtperp
binance:ldousdtperp
binance:leverusdtperp
binance:linausdtperp
binance:linkusdtperp
binance:litusdtperp
binance:loomusdtperp
binance:lptusdtperp
binance:lqtyusdtperp
binance:lrcusdtperp
binance:ltcusdtperp
binance:luna2usdtperp
binance:magicusdtperp
binance:manausdtperp
binance:maskusdtperp
binance:maticusdtperp
binance:mavusdtperp
binance:mblusdtperp
binance:mdtusdtperp
binance:memeusdtperp
binance:minausdtperp
binance:mkrusdtperp
binance:mtlusdtperp
binance:nearusdtperp
binance:neousdtperp
binance:nknusdtperp
binance:nmrusdtperp
binance:ntrnusdtperp
binance:oceanusdtperp
binance:ognusdtperp
binance:omgusdtperp
binance:oneusdtperp
binance:ongusdtperp
binance:ontusdtperp
binance:opusdtperp
binance:orbsusdtperp
binance:ordiusdtperp
binance:oxtusdtperp
binance:pendleusdtperp
binance:peopleusdtperp
binance:perpusdtperp
binance:phbusdtperp
binance:polyxusdtperp
binance:powrusdtperp
binance:pythusdtperp
binance:qntusdtperp
binance:qtumusdtperp
binance:radusdtperp
binance:rdntusdtperp
binance:reefusdtperp
binance:renusdtperp
binance:rifusdtperp
binance:rlcusdtperp
binance:rndrusdtperp
binance:roseusdtperp
binance:rsrusdtperp
binance:runeusdtperp
binance:rvnusdtperp
binance:sandusdtperp
binance:seiusdtperp
binance:sfpusdtperp
binance:sklusdtperp
binance:slpusdtperp
binance:sntusdtperp
binance:snxusdtperp
binance:solusdtperp
binance:spellusdtperp
binance:ssvusdtperp
binance:steemusdtperp
binance:stgusdtperp
binance:stmxusdtperp
binance:storjusdtperp
binance:stptusdtperp
binance:straxusdtperp
binance:stxusdtperp
binance:suiusdtperp
binance:superusdtperp
binance:sushiusdtperp
binance:sxpusdtperp
binance:thetausdtperp
binance:tiausdtperp
binance:tlmusdtperp
binance:tokenusdtperp
binance:trbusdtperp
binance:truusdtperp
binance:trxusdtperp
binance:tusdtperp
binance:twtusdtperp
binance:umausdtperp
binance:unfiusdtperp
binance:uniusdtperp
binance:usdcusdtperp
binance:ustcusdtperp
binance:vetusdtperp
binance:wavesusdtperp
binance:waxpusdtperp
binance:wldusdtperp
binance:woousdtperp
binance:xemusdtperp
binance:xlmusdtperp
binance:xmrusdtperp
binance:xrpusdtperp
binance:xtzusdtperp
binance:xvgusdtperp
binance:xvsusdtperp
binance:yfiusdtperp
binance:yggusdtperp
binance:zecusdtperp
binance:zenusdtperp
binance:zilusdtperp
binance:zrxusdtperp
EURUSD: Time to turn bullish again?EURUSD is up almost +1.80% since the October 3rd low and the 1D technical outlook switched back to a neutral state (RSI = 48.454, MACD = -0.004, ADX = 28.741). The 1D MACD is after a Bullish Cross and that's typical of the last two market Lows turned into bullish reversals. To be more precise, both of those patterns formed W-reversals before testing the 1D MA50. Consequently, we expect a pull back now, that will be a buy opportunity targeting the 1D MA50 (TP = 1.06850).
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GBPAUD Buy the next pullback.The GBPAUD pair is on overbought 1D technicals (RSI = 70.497, MACD = 0.019, ADX = 49.220) with the price also close to the HH trendline of the past 9 months. We are buying the next pullback towards the S1 Zone and the 1D MA50, targeting R1 (TI = 1.9200).
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AUDCAD: Selling is the best option on this Channel Down.AUDCAD is trading inside a Channel Down pattern with the 1D technicals bearish (RSI = 43.171, MACD = -0.004, ADX = 38.042). Even though the long term pattern is bearish, the rebound yesterday and closing over the 1D MA200 can be a bullish signal along with the HL that the RSI is on (bullish divergence). However until the 1D MA50 breaks, we cannot call for any upward movement on the long term.
We remain sellers on this pair, targeting S2 (TP = 0.89500).
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AUD-NZD Breakout, Consolidation And Bearish Vibes! Sell!
Hello,Traders!
AUD-NZD is now consolidating
Below the key level which has
Transformed into the resistance
So because the pair is in the
Downtrend on 1D timeframe
This gives off bearish vibes
And once the local support
Of the consolidation breaks
We will see bearish triumphant
Sell!
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EURCHF: Hit the 4 month Support. Potential rise.The EURCHF pair hit today S1 (0.97250), which is a Support level holding for exactly 4 months, turning the 1D technicals bearish (RSI = 34.341, MACD = -0.003, ADX = 35.665). The strong rebound that has followed intra day as well as the RSI approaching the 30.000 oversold limit, is enough to make us go long after some time on this pair. TP = 0.99500, which is under the LH trend-line of the multi year Falling Megaphone pattern.
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CHFJPY will bearshing this week !Hi guys
We want to check the trend of CHFJPY in Forex and for the new week.
As it seems this week is a bearish week for CHFJPY.
Of course, it is possible to increase up to 146,206 euros. However, the closing price of the market is moving in a rising channel in 1-hour and 4-hour and the general trend is bullish.
These drops will continue until 142.238. This market outlook is based on technical analysis and price action.
be profitable
OANDA:CHFJPY
EURUSD Stronger support below, buying seems limitedEURUSD is inside an Ascending Triangle and that keeps it neutral on the short term 4 hour chart. Above the resistance zone buying is limited to the long term rising channel. But below the Triangle there is a strong demand on the support zone around 1.0700. This is where the 4hour MA200 is headed.
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