Category: News and Analysis

Scandinavian Capital Markets

Confident Bearish Setups in AUDUSD and NZDUSD

Daily trading analysis video with Jamie Saettele (13/05)

Scandinavian Capital Markets

Market Update – May 13

ES broke the noted level at the end of the day. 2885 is now resistance if reached and general focus is towards the 2637/97 zone (yellow box). The bottom of this zone was resistance in March. It’s also the 38.2% retrace of the decline from the February high. The top of the zone is VWAP from the low and the 3/13 high.

Scandinavian Capital Markets

Bitcoin’s 3rd Halving Event Takes Place: Will History Repeat Itself?

Bitcoin has just gone through its third ‘halving’ since it launched 11 years ago. The event takes place roughly every four years to cut the reward given to miners for solving complex mathematical problems using high-powered computers.

Scandinavian Capital Markets

Market Update – May 12

The S&P (looking at SPY here) remains magentized to the 61.8% retrace of the decline from the high. This is also the September 2018 high and May 2019 high (that’s right…exactly flat over the last year). Good spot to turn down?

Scandinavian Capital Markets

Market Update – May 11

Since reaching the long term parallel (magenta line) on 4/13, gold has traded sideways. Price rolled over last week from short term trendline resistance so be aware of the lower boundary near 1683. A break below there would leave price action since 4/13 as a consolidation top. Immediate downside focus would then be the 3/31 low at 1576.

Scandinavian Capital Markets

US Nonfarm Payrolls: Record 20.5 Million Jobs Lost in April

The devastating effect of Covid-19 on the US economy became clearer on Friday with the release of the highly anticipated US employment report.

Scandinavian Capital Markets

Market Update – May 8

WTI traded into the 2016 low today and reversed lower. My working assumption is that crude is building a bullish base. 18.20-19.20 is the zone to watch for the next low. This zone is defined by support and resistance since late March.

Scandinavian Capital Markets

Short Term Floor in Place for EURUSD?

Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele – Short Term Floor in Place for EURUSD?

Scandinavian Capital Markets

Market Update – May 7

BoE is tomorrow and it looks like the bounce to 1.2484 is the extent of the corrective bounce in wave 2 of C. Proposed resistance is now 1.2405/20, which is a well-defined horizontal level and the neckline of a short term head and shoulders.

Scandinavian Capital Markets

Market Update – May 6

USDJPY is nearing the center line of the channel from the 4/6 high. When a market is nearing the center line, I’m always on the lookout for acceleration in the trend…in this case that’s lower. Focus remains towards the lower channel and 61.8% retrace of the rally from the March low at 105.19.