AUDUSD (Australian Dollar - US Dollar exchange rate) reached my posted target of 0.715 (0.7165 quoted) from the originally posted 0.707 quote on Thursday last week (here now it's Monday) and the quotes are back to 0.7111.
AUDUSD now looks even stronger than it did during my last target posted so the next target is a buy target of 0.72 for a 1.2% difference. The...
Latest quote for the EURUSD (Euro - US Dollar exchange rate) is 1.322 March 25th. EURUSD 1-month chart makes it obvious it's building a trend, this means probabilities are in favor of the EURUSD posting upside from latest quotes. The fact that in March the EURUSD posted a 1-year low and prices are around a proven range of demand visited in 2016.
The trade idea...
S&P 500 latest quote $2,843. Reminder that January 2018 highs ($2,900) were only 3% lower than highs before the September 2018 correction, this price level will provide massive supply which could lead to a pullback under $2,650 for a +9% difference from latest quotes.
Further resistance will provide supply at October, November and December 2018 highs before the...
Latest quote on MSFT (Microsoft - NASDAQ) is $117.26 above an all time high of $116.10 set on October 1st 2018. The market cap currently stands at $899-Billion.
The trade idea is sell simply because the market cap is enormous and the consequences of profit taking at all-time and 5-day highs will increase the probability of a pullback in price soon.
CBOE Volatility Index (VIX) latest quote is $12.88 and the duration on the $16 target is 2-8 weeks for a 24% difference.
Second target is $19 and third target is $24.
Extremely high probability trade with extremely low risk.
Latest quote is $2,778.78 and the target is a sell to $2,650 for a 4.8% difference.
Duration is 2-8 weeks.
CBOE Volatility Index (VIX) is also back under $15 (latest quote $14.46) which is always a decent entry price with a take profit target greater than $16.
Alongside CBOE Volatility Index (VIX) rising near previously posted target of $18 which offers historical resistance.
The trade idea is to sell the S&P 500 (SPX) with a target of $2,650 and consider taking profits on the CBOE Volatility Index (VIX); if a positions price average is below $16.
GBP seems to have a tendency to pull back sharply after bounces in the current macro-predicament.
The JPY seems like it will be part of a decent diversification strategy short the GBP along with the CHF and even EUR.
Time-frame is somewhere around a month.
Historical price data from the end of 2018 implies heavy selling will occur around the current $7,000 price range. The most recent 5 day historical price data illustrates how heavy selling has occurred after the rebound. Expect prices to retreat towards support levels around $6,200.
The CBOE Volatility Index (VIX) had its' first breakout since the NASDAQ bottomed out during the correction at the end of 2018 while the NASDAQ appears poised to pull back above the bottom of the most recent correction for consolidation.