May 29, 2020

EURUSD – Employing the Concept of Symmetry in Channel Analysis

Scandinavian Capital Markets is pleased to present a video format of Trading Analysis to empower traders and equip them with the latest updates and first-hand knowledge from leading market experts.
May 29, 2020

Market Update – May 29

Be aware of 3136 in SPX as a possible pivot. The level is defined by the 78.6% retrace of the decline,March high, and the line that crosses highs in 2018 and 2019. This line was support in December. Price has responded to Fibonacci retracements (23.6%, 38.2%, and 61.8%) during the advance which increases confidence that ‘something’ happens at the next Fibonacci retracement.
May 28, 2020

Sterling Traders Brace for Volatile Month Ahead

The British Pound weakened against its major rivals on Wednesday amid reports that Brexit talks are stalling and as the specter of a 'no-deal' Brexit reared its head again.
May 28, 2020

GBPUSD Entry Techniques Explained in Real Time

Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
May 28, 2020

Market Update – May 28

GBPUSD erased most of yesterday’s rally but I remain constructive. In fact, price found support near the short term trendline that originates at the 5/18 low. I want to see strength above 1.2300 (blue line) before committing capital to the upside again though. In general, this level has been support and resistance for a little over a month.
May 27, 2020

Market Update – May 27

USDOLLAR found resistance at the cited level (recovery high was 12536) and broke down today. Individual USD crosses nailed their supports as well (see levels noted below from last week). My wave count interpretation is that weakness from the 5/18 high is either a 3rd or C wave so downside potential is significant in the coming weeks and months.
May 26, 2020

Risk Assets Rally Amid Pandemic Recovery Optimism

Risk sensitive currencies such as the Australian dollar, New Zealand dollar and Canadian dollar gained ground in early Tuesday trading as hopes grew over global economic recovery from the fallout of the COVID-19 pandemic. Positive coronavirus vaccine news and indications that global economies are slowly reopening helped to buoy investor mood.
May 22, 2020

Market Update – May 22

Nasdaq futures and QQQ (weekly QQQ is below) covered their closes from 2/21 on Wednesday and closed beneath those levels today. Mistrust of strength has been misguided but the gap fill and down day today at least presents a bearish risk point (Wednesday’s high).
May 21, 2020

As Crude Finds its Footing, Traders Eye Descending Triangle in USD/CAD

USD/CAD fell to trendline support on Wednesday, as the Canadian dollar was boosted by rising crude oil prices and hopes of a global economic recovery. Equities, crude oil and the risk sensitive Australian dollar also benefited from rising investor confidence.
This website uses cookies to improve your experience. By using this website you agree to our Data Protection Policy.
Read more