Education
July 1, 2020
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
July 1, 2020
USDOLLAR traded 12383 today, not quite reaching the proposed resistance zone. However, that may be the end of the counter trend bounce. Price reversed right at the upper parallel from a Schiff fork, the 200 period average on the 4 hour chart, and at a level that has been support and resistance since May 2019 (red line). As long as today’s high is in place, risk is lower in my opinion.
June 30, 2020
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.
June 29, 2020
Separating out professional traders for your business requires a methodical approach. Due Diligence Questionnaires (DDQ) provide the necessary structure to this interview process.
June 26, 2020
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.
June 25, 2020
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.
June 24, 2020
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
June 24, 2020
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.
June 23, 2020
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".