EURUSD seems to have faked us out last week and now is creating another high. The way we can enter this is if we wait for a impulse and a retest on the neckline shown on the chart. With this, we can have a tight stop loss.
See DXY chart below for correlation. DXY down = EURUSD UP
If you can hear me, great!
I am highliting that there is a decent amount of correlation going on with XRP and XLM, in comparison with BTC.
As of recent, the correlation seems to have swayed to negative correlation.
Remember, one coin is based on decentralization, and the other/s are based on the polar opposite, on the side of banks...
My name is François Normandeau
Here is an ADX-BRIEFING related to the 10-Year US Treasury Notes .
Currently, on the daily charts ,
all the indicators we are using are mentioning that the US Dollar Index
is currently in a confirmed downtrend .
Historically, there is a strong positive correlation
between the US Dollar Index and the US...
Following up from my previous video on price of Gold, I show an startling inverse correlation between Gold and strength of the US Dollar (DXY).
Before February 2020, Dollar strength basically followed Gold. But after February - the world changed. Keep in mind this was when COVID struck, and the FED flooded the economy with basically 'air money'.
Aiming for a slow move to the downside with US Dollar Index showing positive moves to the upside and the British Pound Index Turning bearish on the Open.
There are economic factors that may accelerate the moves.
gold and the AUD and NZD are usually very correlated in respects to each other.. as we can see they have got away from each other ... i think they need to find a path back to each other but when? and how?
I drew my chart on the greenback last week some time and thought I would share as it has significant impact on major pairs as well as the price of GOLD.
For the time being we are seeing bears gaining momentum.
Keep a close eye on the $
Draw up your analysis on the Dollar, Sterling and Euro, and Gold.
Are there emerging patterns? Lets look again on Sunday at...
My recent analysis of Silver applies across all commodities. If you are bull on Silver, Gold, Platinum then you are bear on USD. It is quite easy to be bear on USD at this time and it makes sense fundamentally as incentive for companies to return manufacturing to the USA. I have found a distinct correlation between the log scale price of BTC and USD, where USD...