Canadian dollar strength most likely from the unexpected rally on oil as they are correlated with each other. bias is still bullish, we've got a nice pullback to get in with the uptrend. Will be look closely at price action i.e Hammer,bullish engulfing pattern, doji,morning star if price gets to the 0.618 fib level which is also in confluence with some structure...
An extension of my previous post. Just looking at the strong negative correlation between bitcoin and Shanghai Composite. More confirmation of my idea
Hi all, I hope you are all having a great holiday ! :) - One way to double your profits in almost any trade is to add the sister pair(s) into your portfolio. If you spot a high probability trade setup on EUR/USD, the scenario is most likely to occur on its sister pair USD/CHF, but in this example the inverse is true as they are in anti-correlation. However this...
Hi all, This is the correlating pair (USD/CHF) for the EUR/USD trade I posted earlier () Target: Recent Highs 1 and 2 / (1) (2) (3). SL: Actively Managed. Correlating pair: EUR/USD. www.tradingwhales.com
Btcusd and usdjpy cointegration = btcjpy syntetic pair forecast Read more on the posts below
Is the recent movements of Bond and Volatility implying that we should be expecting a correction in US equities soon?
There are a lot of energy stocks, which have gapped down, on our list today. Many provide near-term sell opportunities but I felt the best of them was NBL. Looking at pivot highs and lows on the weekly chart, NBL seemed to have plenty of room to manoeuvre (about 800 points before the next major support). The daily gap down (on higher volume) broke below...
I look at the 55 period moving average of the AAII Sentiment Indicator and see some interesting periods of correlation. However, I don't believe there is any causal relationship that can be profitably traded here. I will do some backtests in the future to prove my point, but this is an example of how easy it is to see spooks in the shadows.
In this study, I'm looking at the performance of gold, in terms of percentage gains/loss compared to the performance of the US dollar, tracked by the dollar index (DXY). As gold moves inversely with the US dollar, I inversed the DXY to set a comparative benchmark, hence 1/DXY. Please see notes on chart.
A look at how Bitcoin is correlating with other asset classes.
Based On: Structure, Fibonacci levels, Channel, Stochastics, RSI, Momentum.. IF EUR/USD Reaches 1.3648. Economic Calendar events will effect this heavily, i am looking forward to a volatile day (TODAY:EUR Interest Rate, Decision, ECB Press Conference, US Nonfarm Payrolls, US Unemployment Rate, ISM Non-Manufacturing PMI ) If these events will be positive...
CADJPY pair is preempting to move of SPX500 as you will see on the daily graphic. The momentum and the move of CADJPY is bigger, but when CADJPY is UP, SPX500 is up and when CADJPY is down, SPX500 is down after a while... But of course bare in mind that CORRELATION DOESN'T IMPLY CAUSATION ;-)
Interesting to see correlation between aussie and gold
Index Arbitrage Forecast: Deutsche Bank will outperform DAX Supporting Strategies: Cointegration, Correlation and Technical Analysis Pattern : Tree Drivers Pattern The trade should be opposite to the "gap". DAX has performed better than DB, in order to close the gap Deutsche Bank will now perform better in the next 173 days. Targets and notes on charts. How to...
Index Arbitrage Forecast: FTSE100 will outperform HSBC Supporting Strategies: Cointegration, Correlation and Technical Analysis Pattern : Elliott Wave 5 The trade should be opposite to the "gap". HSBC has performed better than FTSE100, in order to close the gap FTSE will now perform better in the next 131 days. Targets and notes on charts