April Headlines: Geopolitics, Trade War, Volatility, Data Privacy. What About Opportunities?

April started with a bang.

The market is showing some considerable signs of increasing volatility, which could be quite sudden some of the times, not to mention surprising.

Over the past few weeks, there's been a series of events, some of them caused by geopolitics, others caused by trading relations uncertainty, and others caused by technology advancing or security issues.

The CBOE Volatility Index (VIX) is clearly showing proof that volatility is back. Are you not entertained?

VIX – Weekly Chart

VIX – Technical Analysis:

  • 28th Aug 2018 lows pushed VIX towards the up-side causing serious “damage” to stocks and indices.
  • Possible Bullish break-out in process, which could result in a potential Support gained on the descending trend-line previously breached.
  • All this translates into volatility and wild swings, but what about the charts? What can the charts indicate?

    Elliott Wave – Technical Analysis

    Dollar Index (DXY) – 2H Chart

    DXY – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minuette (y) (purple) within Minute (Y) (pink)
  • EUR/USD – 2H Chart

    EUR/USD – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minuette (a) (orange) within Minute (Y) (pink)
  • GBP/USD – 2H Chart

    GBP/USD – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minute C (blue) within Minute Y (red)
  • XAU/USD – 2H Chart

    XAU/USD – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minute C (blue) within Minute Y (red)
  • XAG/USD – 2H Chart

    XAG/USD – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minute C (blue) within Minute Y (red)
  • Crude Oil (WTI) – 2H Chart

    Crude Oil (WTI) – Wave Analysis:

  • Pattern Labeling: Double Three
  • Current position: Minuette (c) (orange) within Minor X (red)
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