VIX Weekly Forecast Analysis 3-7 Oct 2022 VIX Weekly Forecast Analysis 3-7 Oct 2022
We can see that currently the volatility is around 14.08% for this week, decrising from the 14.3% from the last week.
Currently there is around 35.5% that the asset is going to close either above or below the channel:
TOP 37.72
BOT 28.28
The current volatility percentile is around 15th. With this situations in general the market moves:
AVG weekly bull candle = 12.73%
AVG weekly bear candle = 9.15%
With this mind, from the opening price it would situate us around
TOP 37.2
BOT 29.98
At the same time, due to the nature of the opening price, making this weekly candle a bearish candle, there is currently a
37% that we will break the ath of previous weekly candle of 35, and there is a 60% that we will touch the low of the previous week of 29.4
From the technical analysis point of view:
The majority of moving averages ranging from 10 to 200, are currently around 92% agreement that the market is in a bearish trend ( the current price is above those moving averages)
News that can affect the price of this asset this week:
- Monday 3 October : ISM PMI
- Tuesday 4 October : JOLT Job
- Wednesday 5 October : ADP and ISM release
- Thursday 6 October : Initial Jobless Claims and ECB Report
- Friday 7 October: Nonfarm Payrolls