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Market Update 6/21 – Tracking USD Support Slightly Lower
GBPUSD turned up prior to the proposed 1.3740 but 1.4000 remains in line for resistance. Besides being ‘clean’ horizontal resistance, the level is also defined by the 25 line of the Schiff fork from the March 2020 low. This line was support in December and April…so watch for support to turn into resistance.

Market Update 3/16 – Key USDSEK Development
USDSEK held up for 2 days before crashing though the median line today. The drop under the median line is a key bearish development for the USD generally. The underside of the line is now resistance…as it was in June, July, August, November, January, and February. That’s currently about 9.56. The next downside test is 9.15/18 (lower parallel and former resistance).

Market Update 4/13 – USD Topped Today
DXY printed 100.52 today and then carved a key reversal. In fact, UUP (USD ETF) made a high volume reversal (see below). The combination of the wave count, measured level (recall the 100.59 measurement), upper channel line, and volume reversal make a strong case that the USD topped today.

Market Update – June 15
My view is that the USDOLLAR bounce is counter trend but it should carry higher before rolling over. The upper parallel of the Schiff fork is a candidate for resistance along with the 61.8% retrace of the decline from 5/18 at 12428. Watch for support from 12304 (more or less now).

AUDUSD Big Top Warning
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.

Market Update: October 1 – Important Monthly USD Signal
It’s a new month which means we monthly volume signals, which are obviously rare. DX futures made a 2 bar monthly volume reversal. This means that August was a high volume up month and at least a 12 month closing high and September was a high volume down month (go here for more on volume indicators).