While the $VIX is a volatile index by itself, containing derivatives that can be fun to trade individually; it can also be used as a valuable hedge against a range of portfolios. While I had a tech heavy portfolio the last month and a half, I took tremendous short term gains anywhere between 10 and 15%. While holding the $VXX ETF to mimic movements of the $VIX, I...
If derivatives will confirm price swings, and shorts will became stronger on long's weakness, i see a short scenario considering the previous posts, if the weekly key level will be confirmed with a bearish momentum breakout and if the actual lateral market will create a distribution situation as mentioned before.
I also know that on the M1 chart we are ATH , with...
As Trumps victory is now being digested, markets appear to be warming to him , however still early days and Obama is still president. My projection is very bearish on silver as we see investors rushing towards stocks and bonds in the next few weeks , believing the Economy will be ok. Or is it?? Shorts in play for time being.
Earlier...
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USDCAD 4 hr -
Now...
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USDCAD 4 hr -
While CAD been a loonie can do a move back lower to the 301X but perhaps one more strike higher can be seen as per the 8 hr layout that carries indication of a possible double bottom scenario..
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USDCAD 8 hr -
Hence be expecting some back and forth moves on...
EURAUD...
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EURAUD 8 hr - 4800 pretty much been a break zone and had been tested multiple times and rejected indicates we to carry on to the lower side for a possible move towards closer to 4500 handle.. 4570-9X been moderate tgt .. More explained in the next 2 hr chart layout
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EURAUD 2 hr - Self Explained within the chart.....
Swissy........
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Swissy 4 hr - Simple case of a breakout here -- that would orchestrate the next big move.. While USD looks bullish, somehow Swissy looks undone to the lower side first.. Anyways shunning the biasness here - let's stick to the break to either side to get going on to that direction...
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Swissy 8 hr - Self Explained...
GBPAUD -
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GBPAUD 8 hr -
Seems to have closed under Rising Wedge with distinction to it been a bear flag as well and as such difficult to point a tgt on the drop but tentatively around 1.700 on a deeper run with moderately towards lower 1.72XX.
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GBPAUD Daily - Deeper run if happening...
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GBPAUD 2 hr - Incase...
GBPCAD ..
Likely move to 1.7000 to be seen and carries decent support to there..
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GBPCAD 4 hr -
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GBPCAD 30 mins - Initial playout
GBPUSD....
Overall looks to have shunned out the temporary bullish move it carved last week and the fall has more room to carry on..
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GBPUSD 4 hr - Pretty straight forward layout - Upcoming support is 297X.. A short term bounce and then likely piercing under for a deeper fallout..
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GBPUSD 4 hr -
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GBPUSD 8 hr...
EUR off weekly..
Weekly on very current PA suggesting further down.. Overall bigger tgt points to parity for starters..
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EUR weekly
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EUR Daily - Based on daily next significant supp or rather bear move tgt comes to around 1.0800 handle that has stood ground on numerous attempts before propelling bounces...
As we see some support is coming in from our longer term trend channel as well as the lower Bbands.
So far the last three weeks have provided with the expected sideways action once reaching 50.
Selling calls has been the right strategy so far (51, 52 and 53 calls).
At this support I am covering my short calls, but will hold of selling any put spreads to see how...
GBPCAD.. APPROACHING CRITICAL LVLS..
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GBPCAD 8 hr - 9220-3X possible top off zone and a critical point - Test to it be a third attempt and as such been a break point would expect to hold initial attempt - making it a decent spot to enter shorts..
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GBPCAD 8 hr -Same chart and it's one of those zones / angles where if price ends up holding...
123.7X matters now..
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EURJPT 2 hr -
123.7X break point for further up north towards 124.5X for starters ; else halt to push lower for a 123 retest and a likely break for a 122 move...
AUDJPY...
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AUDJPY 4 hr - Indication of a bear flag looms and as such initially buy side prefers off around the supportive TL or T1 . Initial tgt been T3 or mid range.. Eventually look for break higher side to T2 and then with it been a possible Bear Flag top to sell into strength for a possible play sketched on the charts..
The theme going into the NFP is to fade the spikes. While thinking the upside on EURUSD is done; nevetheless a decent up swing on a spike be tempted to set shorts into ..
1.1470-8X comes in as a spot to try short if price ends up spiking around to here; for a potential tgt intra day down to 132X.
Alternatively looking to buy off the 132X for a possible swing back...
GBPUSD ............ Up at Crunch Lvl..... 4700-471X resis zone & possible break zone as well....
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GBPUSD 8 hr - Pretty much done but if retraces shallow should swing back up for a minor new high and if holds ; would expect some meaningful drop then...
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GBPUSD Daily - 471X or around
