This can be an indication of the market's fear or complacency about the overall market action in the months ahead. Traders need to be aware if they trade the VIX futures that it does not always move in the same direction as the VIX index. Yhe VIX fitures will move close to the S&P 500 futures cash index. VIX is traded on the CBOE futures exchange and one point is worth one thousand dollars and the mini tick is worth .05 or fifty dollars. Vix futures are related to the S&P 500 because of the vix index itself is based on the SPX option prices.
Looking For a Set-and-Forget Strategy?Forex and stock traders are looking for the consistently wrong investor, trader and take the opposite position. This will obviously lead to winning trades for them. All traders have read trading books that point out that increasing volume is good for the continuation of the trend. Many new stock traders will try and fight the trend.
Saturday, March 13, 2021
Thursday, March 11, 2021
USD/CHF ,Possible bearish price movement
price movement towards the support 0.7157 within the next 13 hours. | ||||||||||||||||||||||
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Triangle has broken through the support line at 11-Mar-09:00. Possible bearish price movement forecast for the next day towards 0.9220. Supported by Downward sloping Moving Average |
CAD/JPY
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Rising Wedge identified at 11-Mar-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 86.3760 within the next 3 days. Supported by Upward sloping Moving Average |
Wednesday, March 10, 2021
EUR/JPY,chart
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Triangle identified at 10-Mar-02:00. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 129.5380 within the next 2 days. Supported by Upward sloping Moving Average |
AUD/USD
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Falling Wedge identified at 10-Mar-06:00. This pattern is still in the process of forming. Possible bearish price movement towards the support 0.7621 within the next 2 days. Supported by Downward sloping Moving Average |
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