Education
July 11, 2020
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
July 10, 2020
The US dollar and other safe haven assets were supported in early trading on Friday amid concerns over the spread of the conoravirus pandemic and a slower than expected economic recovery.
July 10, 2020
No change to the 7/7 comments and ‘view’ of reversal risk in the Nasdaq. I’m simply pointing out that NQ made another 8 hour volume reversal today.
July 9, 2020
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
July 9, 2020
I remain broadly constructive GBPUSD but price could pull back from the current level, which is defined by 2020 VWAP (see 2 charts down). I’m showing 2 technical interpretations. An Elliott interpretation is that 5 waves up are complete or nearly so and that price should pull back towards the area of the prior 4th wave.
July 8, 2020
Risk’ may have put in an important high today. The following charts ‘explain’ why.
July 7, 2020
The EURUSD drop from 6/10 to 6/19 retraced exactly 38.2% of the rally from 5/7. 4th waves often retrace 38.2% of 3rd waves. The implication is that EURUSD is headed higher in a 5th wave. A possible target is where wave 5 would equal wave 1 at 1.1460. The high volume level at 1.1261 is a good spot for support (the year open is 1.1260 by the way). Be aware of the current ownership profile however (see below). Speculators are the most long since the 2017 high.
July 2, 2020
A bullish golden cross (50-period SMA crossing above the 200-period SMA) has formed on the AUD/USD daily chart. The Aussie has been supported by upbeat Chinese and Australian data, while the US dollar lost some of its safe haven appeal amid positive US and European economic data.
July 2, 2020
USDJPY completed its flat and reversed from the well-defined 108.00/08, carving a bearish outside day today. 108.00 is the 61.8% retrace of the February-March decline. 108.08 was high print a number of days in April and May. The fractal nature of markets is on display in the chart below. The pattern from 6/5 to today is the same shape as the pattern from 3/24 to 6/5. That’s a fractal! Finally, I like that Yen futures held 2020 VWAP and VWAP from the February low. Very short term focus is on 106.92 although significant downside potential exists in USDJPY as long as price is under today’s high.