Market Update 2/1 – Bullish USD Head and Shoulders Patterns

Market Update 2/1 – Bullish USD Head and Shoulders Patterns

ByScandinavian Capital Markets

DXY is trading right at the neckline from a head and shoulders bottom pattern. The objective from the pattern is 92.80 (magenta line) but the former low at 91.75 is a possible pausing level. Ultimately, I’m looking towards the underside of former channel support. This is near 95 and in line with the March low, former 4th wave high, and 38.2% retrace of the decline from the March high (see weekly chart below).

Scandanavian Asset Management Launches Intelligent Portfolio

Scandanavian Asset Management Launches Intelligent Portfolio

ByScandinavian Capital Markets

Investors can now choose amongst actively managed alternative investment strategies. Stockholm, Sweden: Scandinavian Asset Management, a premier asset management broker,  introduced their new Intelligent Portfolio service, offering investors a new way to participate in alternative investments such as currencies and commodities provided by institutional trading teams around the world. With access to historical performance, investors…