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SUMMARY: The USDCAD pair bounced slightly during the course of the day on Monday, using the 1.2830 level as support. At this point in time, the market is looking bullish. The primary trend of USDCAD is bearish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 50 day SMA that are...
Overview: The Gold markets rally during the course of the session on Monday, but found enough support at the level of $1350 and take correction. At this point, market is continuously sustaining on higher level, it indicate market is ready to higher. The Gold market sentiment is still positive. The main trend of Gold is bullish on charts and market is sustaining...
This week VIX had a big reversal and that changed the landscape and provided an important new reference point (the red resistance line). Unless there is another breakout it can live within under the resistance for a long time.
During periods of risk the VIX tends to get inverted- typically during times of stress this has stay inverted for quite some time, 6 weeks after last years shock valuation from China. When this curve goes back to a normal upwards sloping curve, this is usually a very good sign. The US equity markets has been pricing in the UK as an 'island', the risk of Brexit...
All things considers BREXIT did not generate a greater amount cumulative selling relative to Jan/Feb selloff. I believe the BREXIT volume was very close to the largest ever; however, we can appreciate very little downward follow through after the decline. This is because buyers were absorbing supply. Yesterday's rally "erased Monday's losses creating a...
This week we open the VIX in a new Weekly range not seen since the first months of the year. The 32.08 Resistance will be the next timing for the bottom of the S&P while the 22.29 Support will time the next highs. The VIX has an inverse coorelation with the market; when the market as a whole goes up, the VIX goes down and vice versa. Finding major Weekly...
Watch the lines. This is the first time I publish this ratio and it looks like it is about to drop.
Given the size of the move on Brexit, volatility futures markets are likely to hit a period of sustained backwardation. Pictured here is what backwardation has looked like (red channels) and how it is likely to unfold now (orange tick channels). The channels you see are drawn around UVXY/VIX. The fact that UVXY normally loses value over time is due to contango...
So my timing was significantly too aggressive on the 15% correction / inverted H&S continuation idea from two weeks ago, but the idea is still the same... except now we finally have confirmation of a break of the uptrend on the weekly chart in the Ehler's Center of Gravity indicator, one of my favorites for determining if a trend is increasing, reversing, or...
A Tweet from Tracy Alloway with Bloomberg caught my eye this morning (twitter.com). She points out that the one-month VIX just tipped over the 3-month VXV. While this has happened many times in the past, I did notice that there is a rather large divergence between the VXV/VIX ratio and the SPX right now. The chart says it all folks. This certainly doesn't...
Seeing a lot of lower supports being tested/broken around the market. Lower lows and lower highs all over. It's really difficult to determine where the market could be heading, but I think this chart is a good indicator on what we can see going forward.
TVIX has been playing well off of daily S/R outlined in chart, likely pops soon or else 2.75 support could test. My guess is it at least tries for 3.84, and if strong enough, we could extend targets to 4.25 area. bounce off of 3.00 strong so far
Pretty crazy!