Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index saw a bit of whipsaw action yesterday, disappointing Euro bears who were hoping that the ECB would announce the introduction of its version of QE. The Euro index appears to continue forming a tradable bottom with the weekly RSI and StochasticsRead More
Tag: VX_F
GBPUSD, EURUSD on Hold Ahead of BOE/ECB Announcements
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits the BOE rate announcement today at 7am EST and the US UnemploymentRead More
Busy News Day for GBPUSD
Please Register/Login to view today’s complete Newsletter. British Pound Philadelphia Index Weekly The British Pound index continues flirting just above or below the key 61.8% Fibonacci support level of roughly 157. The British Pound index is currently just below this level, and awaits a slew of news today, beginning with the UK Services PMI atRead More
Rejection of USDX at Channel Resistance Triggers Sharp Reversal in Silver (SI)
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX powered ahead higher yesterday, pulling up its momentum indicators across the key weekly and daily charts. The current weekly candle bullishly sits almost completely above the highest end of the trading range of last week’s Hammer, creating a bullish Island reversalRead More
Swiss Vote Rocks Silver (SI)/Gold (GC), Firms EURCHF
Please Register/Login to view today’s complete Newsletter. VIX (CFE VX Dec14) Weekly/Daily/4hr/Hourly The VX took longer than I expected to form a tradable bottom, but with US Thanksgiving last Thursday, and more importantly Black Friday the following day, I should’ve realized that there’d be a bit more upwards momentum on US equities going into theRead More
Expect Volatility on EURCHF/Gold/Silver Following Swiss Referendum
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly As the Euro index chart hasn’t refreshed since yesterday due to the US Thanksgiving holiday, the following notes for the Euro index are unchanged from yesterday’s. Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks ofRead More
GBPUSD/EURUSD Rally Warming Up as USDX Rejected @ Channel Resistance
Please Register/Login to view today’s complete Newsletter. Euro Philadelphia Index Weekly The Euro index finally began receiving some respect yesterday with a clear break above 1.25 after several weeks of consolidation. The Euro index is just a whisker away from a weekly MACD positive crossover, with the results of a positive divergence in play betweenRead More
Busy News Day Ahead of US Thanksgiving
Please Register/Login to view today’s complete Newsletter. EURCHF Weekly/Daily/4hr/Hourly Not much has changed with the EURCHF since yesterday, as the market remains on hold ahead of the Swiss gold referendum this Sunday. The EURCHF sits only 26pips (as of the time of this writing) from the key 1.2 level which the SNB has vowed toRead More
Increasing Expectations for No Vote on Nov 30 Swiss Referendum
EURCHF Weekly/Daily/4hr/Hourly The EURCHF shuffled sideways yesterday, consolidating the recent lift from the 1.201 support. Some speculate that the SNB intervened last week, reinforcing the bounce from the poll ahead of the Swiss gold referendum. Either way, the EURCHF remains only 27pips (as of the time of this writing) from the key 1.2 level whichRead More
AUDUSD Bullishly Aligning on Weekly/Daily/4hr Charts
AUDUSD Weekly/Daily/4hr/Hourly Among the major USD pairs, the AUDUSD has progressed most towards forming a tradable bottom. A triple bottom appears to be forming on the weekly chart, and on the daily chart, the AUDUSD is retesting its descending triangle resistance. Significantly, Thursday’s low was higher than the low formed about two weeks earlier. BullishlyRead More