Introduction: Understanding the nuances of the cryptocurrency market is challenging, especially with its inherent volatility. However, seasoned investors often rely on specific charts to gauge the market's overall sentiment. One such crucial chart is the ETHBTC chart, which is a ratio of Ethereum's price to Bitcoin's price. This article delves into how this chart...
Hello traders and investors! Today we will talk about stocks and Aussie (AUDUSD) pair regarding risk-on/risk-off sentiment, so if you are wondering when stocks will be back to bullish mode, then keep an eye on Aussie. As you can see on the left correlation chart between SP500 and AUDUSD pair, always when Aussie finds the support, we see SP500...
The different technical and psychological market indicators in our risk model for swing traders (US stock market) are discussed. The updated risk model rating is deep red, current recommendation is to be patient and stay on the sidelines until market conditions for swing-trading are getting better again. The following indicators are being discussed: 1....
TVC:VIX A very interesting look for the VIX, showing the future equity prices and risk sentiment direction. Big breakouts can cause major corrections across the equity markets so something to be wary of if you are trading that market! VIX is the inverse correlation of the S&P
Hello Traders! There's a decrease in momentum in the CHFJPY pair also a recent trend line break. If risk sentiment is leaning more toward risk off that would favour JPY buyers causing more JPY strength. I labelled the take profit levels with the stop loss level as well. I recommend placing a sell limit order around 120.850. Have a great day! Best wishes, Vitez
Mixed west with strength in Asia The week started with mixed markets. The US and European markets are still digesting gains staying in the range near their respective key resistance areas. Asian markets show some signs of strength following NIKKEI's recent powerful breakout from the long-term range. Smaller markets like India, Indonesia, Singapore also show...
Bonds have been ranging in a sideways Elliott Wave for some time now. However they appear to be nearing the completion of this cycle. The rounding highs, suggest a breakout to the downside, compounded with the fact that the Kovach OBV, which has been pretty strong, appears to be rounding off. Wait for a squeeze to 139'13 or 139'16, but if risk on sentiment...
Stocks pushed lower overnight, getting a lift from 2940. We have breached the psychologically and technically important 3000 level. Based on the Elliott Wave, we are still in a 'reasonable' correction for an overall bullish move, but today seems pivotal. If we break current levels, we could retrace the entire move from May, and this would constitute a bear...
Stocks ain't got time for coronavirus, trade tensions with China, or riots and civil unrest in the United States. The S&P has broken out from an inverse head and shoulders pattern and solidly established new monthly highs. This is most likely the beginning of a new Elliott Wave impulse. Both Kovach momentum indicators are very bullish at this point, so wait for...
Further to our previous article , the JPYBASKET broke out of its flag formation and headed towards the pattern's target. This, as risk-off sentiment dominates markets and safe havens, like the JPY, benefit. However, it is worth noting that the RSI has pushed down from the 80 level (blue rectangle) in a pattern referred to as a RSI failure swing top. The failure...
The leading indicator has already pointed out exhausted bullish. Technically talking we all can see dxy has extended a lot high due to some past week greenback power over most of its counterparts. Last week it was an almost risk-off market situation where safe haven did most well and the case dollar been dragging most of its counterpart creating some bullish...
Bullish vibe incoming!? This is no pure investment advice but to be honest, seeing the drop in dxy and the way how market risk sentiment have changed after ny entering this plan seems lucrative.
Aussie pairs got a good boost from the RBA decision in the Asian session as the central bank sounded optimistic about global and domestic growth prospects. However, this bullish reaction might be short-lived as market players remain mostly risk-averse while coronavirus contagion fears are present. AUD/CHF is trading below 200 SMA visible on its 1-hour time frame...
A somewhat dovish set of RBA meeting minutes and a round of negative risk sentiment (likely on the renewed possibility of a no-deal Brexit) has pushed AUD/USD lower. Potential catalysts from upcoming Fed speak and more Australian economic updates later, there is a possibility that we could still see volatility on this pair. If we do see some non-dovish comments...
Increased spread between Germany 10-year bond yield vs Japan 10-year yield could indicate a slide in the Euro against the Yen. Even though the yield is higher for European bund, the risk appetite is declining, while the global economy is projected to have a slow growth rate through out 2019. This means that investors seek safe heaven assets like the Yen and JP10...
LONG USDJPY: 1. Slightly late posting this position but we got long at 104.5 earlier today. The rationale behind owning USD VS JPY is as follows. USD risks are bid 1) in the run up to the 2015 dec hike USD traded extremely bid with DXY breaking through 100, based on the last 2wks i expect USD to mirror 2015 and continue the bid tone we have seen both in...
Gold Positioning - Buy @ Market; 1350TP1 1370TP2 - 1 lot (small) and add double every daily close lower - 1lot, 2lots tomorrow, 4lots the next day: 1. Risk sentiment looks to be turning south, particularly in US equities which have seen monthly lows which is consistent with the broad equity valuation correction lower that i have been expecting for the past few...