October / November / December Roll to Settle arrived with Lows.
The break of the 2021 50% implies there are Higher Highs ahead, from where is Time-Dependent - we can see the 3 Drives to a Low present prior to large reversals.
By TIME - the same pattern suggests a Low for VX in early January.
For Price - a Higher low by approximately 100 BPS.
Unfortunately - there is a Large Daily Gap @ 17.35 for VFX for the Continuous Contract to Fill.