Although we primarily trade FX contracts, staying on top of the equity markets around the world can have huge advantages when trying to identify opportunities preparatory to them even showing validity. The CBOE Volatility Index, known by its ticker symbol VIX, is a popular measure of the stock market's expectation of volatility implied by S&P 500 index options....
As always stoploss, entry, and targets are provided live when we enter the trade on our end. Stay tuned to our pages. Keep in mind that it's thanksgiving.
Here's an entry taken off of the inverted head and shoulders pattern. As always stoploss, entry, and targets are provided live when we enter the trade on our end. Stay tuned to our page for updates. Keep in mind that it's thanksgiving.
After a -8% downtrend from Aug 19 through todays currently traded prices, we can look at the well proven level of 0.85 as current support to be respected. This potentially could be the bottom we are waiting for for an entry, but we won't know any time soon. We are however looking for a long entry today, as the 0.85 continuously is subjected to being rejected...
Here are the current open options for EUR/GBP and GBP/USD that expire tomorrow at the 10am strike time (NYC, EST.) GBP/USD 1.2900 $323m 1.3000 $376m EUR/GBP 0.8500 €1.7bn Source: Bloomberg Terminal
Earlier this week we posted both the start and finish of the right shoulder for the now compelted head-and-shoulder pattern. We expect with the Aussie-dollar gaining support for this to capitulate GBP/AUD downard following the breaking of the neckline. See related ideas below,
GA: 2-hr h&s daily short setup
Last night we closed our EN short and reversed our short term bias to long. We're currently long, floating +70 pips in profit.
It's important to keep in mind previous price action when trying to assess both a currency pair and it's index at the same time. Let's not forget the freefall from the current all time highs through to 97, a drop of 2.5%. After last weeks run up through both of our targets, we are now expecting a retracement within the current structure for the DXY. We expect...
Looking to short the break of the support, currently double bottom at price shown in label. Many confluences in this setup inline with our overall strategy.
DXY, U.S. Dollar This week we'll be looking to take advantage of a well defined and proven support zone for the U.S. dollar between 95 and 95.2. Weekly upside target is 97.71, which was the high for 2018 for DXY.