In this analysis, we take on the Swiss Franc (CHF) versus the Brazilian Real (BRL) to gauge the prevailing sentiment in the FX markets, in the context of U.S. Presidential Elections uncertainties around the U.S. Dollar (USD), as well as the diminishing in importance of Covid-19 globally & a generalised overextension of major currencies to the upside against FX...
The #VIX is on the verge of renewed volatility.
Following the spike at the end of February, volatility then calmed from mid-March onwards.
Immediately afterwards, we observe the formation of 5 bearish waves ending around mid-August with an exhaustion point S13
A new bullish wave (1) was then triggered and peaked with a SU9. Wave 2 came back to test a solid...
