Month: June 2020

Scandinavian Capital Markets

Market Update – June 30

Trading the last few days in indices and FX is best described as a summer lull. That said, SPX focus remains on 2888. Price has respected the short term median line and 25 line the last few days. Expect acceleration lower in the median line breaks. I have no opinion on whether or not the 25 line continues to act as resistance. If it does not then the upper parallel should be watched for resistance near 3120.

Scandinavian Capital Markets

Traders’ Due Diligence Questionnaires Aren’t Just Useful, They’re a Must Have

Separating out professional traders for your business requires a methodical approach. Due Diligence Questionnaires (DDQ) provide the necessary structure to this interview process.

Scandinavian Capital Markets

Market Update: June 26

I’m looking at short term wave counts today in USD indices and the 3 cleanest USD pairs from a short term perspective. USDOLLAR focus is still on 12418/28. A flat pattern unfolded from the 6/15 high. The rally from 6/23 is impulsive so focus is on buying support, probably in the 12289-12304 zone.

Scandinavian Capital Markets

Market Update – June 25

SPX initial downside focus is 2888, which is 2 legs down from the June high and a well-defined horizontal level. Notice how price churned around the red line on this chart for most of June before turning sharply lower today.

Scandinavian Capital Markets

Buying EURUSD and GBPUSD Dips

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

Scandinavian Capital Markets

Market Update – June 24

QQQ is back at the red line that was presented on 6/10. The magenta line is at about 253 now and intersects a short term upper channel line tomorrow (see below). That’s a great spot for a top.

Scandinavian Capital Markets

Market Cycles: An Interview with Andrew Pancholi

Learn about the fascinating world of market cycles in this interview with the globally recognized expert Andrew Pancholi.

Scandinavian Capital Markets

Aussie Jolted By US/China Trade Tensions

The Australian dollar and the S&P/ASX 200 stock index were shaken after White House trade adviser and outspoken China critic Peter Navarro said the trade deal between Washington and Beijing was “over”.

Scandinavian Capital Markets

Market Update – June 23

After Friday’s action, the extent of today’s USD drop was a surprise. Additional EURUSD downside is possible though if price reverses right now, which is the 200 hour average, upper parallel of the short term bearish fork, 75 line within the channel from the March low, and VWAP from the June high (see below). Bottom line, the current level is important so let’s see what happens here before determining strategy.

Scandinavian Capital Markets

Scandinavian Capital Markets and Round the Clock Trader organize The Smart Traders Bootcamp

World-leading experts in trading strategies, psychology and market analysis come together in this unique online event. Speakers include Jamie Saettele, Yohay Elam, Steve Ward, Dan Blystone, Hugh Kimura, Tim Racette, Alex Ong, Adrian Slack and more.