For Traders

Analytical Reviews

Technical analysis

04.04.202406:55 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of S&P 500 Volatility Index, Thursday April 04 2024.

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

If we look at the S&P 500 Volatility Index on the 4-hour chart, we can see that there is a deviation between its price movement and the Stochastic Oscillator indicator and it is supported by the appearance of the Bullish 123 pattern followed by the Bullish Ross Hook (RH), so as long as there is no weakening correction that falls below level 13.16 then #VIX will appreciate upwards to level 13.61 and if this level is successfully broken upwards, then as long as momentum and volatility support #VIX in the near future it will try to reach level 14.21 as its first target and level 14.86 as the next target to be aimed at.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.