Author: Scandinavian Capital Markets

Scandinavian Capital Markets

10 Years of Scandinavian Capital Markets

We’re celebrating our 10th anniversary at Scandinavian Capital Markets. We want to take this moment to reflect on how we’ve developed as an organisation in the past decade, how we’ve supported thousands of traders to realise their goals by providing the right trading conditions and tools they need and share our aspirations for the next decade of Scandinavian Capital Markets.

Scandinavian Capital Markets

Market Update 9/20 – GBPJPY – Best Setup of the Year?

SPX DAILY SPX broke the channel so the next downside level to pay attention to is the full extension of the width of the channel.  That  line intersects about 4220 towards the end of the week.  The underside of the channel is proposed resistance now near 4395-4400. 9/15 – My near term SPX focus is on the channel […]

Scandinavian Capital Markets

How Family Offices can Benefit from Better Forex Solutions

The forex market isn’t just for banks, multinational corporations and speculators. This article will explain why your family office shouldn’t overlook the forex market and some of the approaches you can take to seek investment opportunities from the forex market.

Scandinavian Capital Markets

Scandinavian Capital Markets Review on Forex Rank

Scandinavian Capital Markets has just been reviewed by up and coming forex broker review website Forex Rank.

Scandinavian Capital Markets

Introducing FXCopy

Scandinavian Capital Markets introduces its proprietary forex investment platform, FXCopy.

Scandinavian Capital Markets

Market Update 4/15 – Key Support for the USD

USDCHF is into support and the level is loaded. The 38.2% retrace, 50 day average, March 2020 low, and November high span ..9180-.9210. I’m looking for a turn higher. Also, the decline from the top is impulsive so a corrective rally is expected. The trigger is above .9245

Scandinavian Capital Markets

Market Update 4/14 – Key Level for the USD

I was wrong to think that the USDOLLAR pullback was complete last week but the long cited 11795 level has been reached. This is a decision point…plain and simple. The level is defined by the early February high and median line of the structure that originates at the 2017 high. The drop also channels in a corrective manner. Bottom line, price needs to turn up now in order to remain constructive on a swing basis.

Scandinavian Capital Markets

Market Update: April 13

NZDUSD failed to turn lower from the line that extends off of the February and 3/18 highs. The structure from the February high is now a Schiff fork. The upper parallel intersects with the well-defined .7100 level and 200 period average on the 4 hour chart. If NZDUSD is lower, then .7100 is the price to short.

Scandinavian Capital Markets

Market Update 4/12 – Key Spot in Copper

Copper is once again testing the critical trendline from the March 2020 low. This line is reinforced by the 50 day average, which has been precise support since November. I’m waiting for a break lower in order to turn bearish copper.

Scandinavian Capital Markets

Market Update 4/8 – Focus on USDJPY

The poke above the 2018-2020 line was short lived as USDJPY has reversed all of last week’s gains. The failed break above this line makes for a bearish setup. Near term, watch for a bounce near 108.80 and for resistance near 109.85-110.00. I favor shorts into the proposed resistance zone.