Education Scandinavian Capital Markets

Market Update 2/23 – Interesting CHFJPY Setup!

ByScandinavian Capital Markets February 24, 2021

NZDUSD has entered a massive zone (.7370-.7550). The bottom of the zone is defined by the November 2011 low and where the rally from the March 2020 low divides into Fibonacci proportion (2nd leg of the rally equals 61.8% of the first leg). The top of the zone is defined by the July 2017 high (also the 61.8% retrace of the decline from the 2011 high). RBNZ is tonight, which brings forth the potential for volatility and a reversal (or the beginning of a reversal process) from significant price levels.

News and Analysis

Market Update: February 21

ByScandinavian Capital Markets February 22, 2021

Crude made a weekly key reversal last week at a defined level (underside of the trendline off of the 2016 and 2018 lows). This is also the level that provided resistance in 2015 before the plunge into the early 2016 low. The trend in the inflation trade (basically USD down) is strong but crude could come off from the current level.

News and Analysis

Market Update 2/17 – EURUSD 1.2000 is Big

ByScandinavian Capital Markets February 18, 2021

1.2000ish remains a possible bounce level for EURUSD but I’d keep an eye on 1.2090-1.2100 for resistance now too. The level is defined by VWAPs from the November and February lows. These VWAPs were previously support. Now broken, watch the lines for resistance.

Education

Sharpe Ratio vs. Sortino Ratio

ByScandinavian Capital Markets February 17, 2021

The Sortino Ratio shares many similarities with the Sharpe Ratio, except the Sortino Ratio offers much more insight into the risk associated with a given strategy or asset.

News and Analysis

Market Update 2/16 – U.S. Notes (TLT) Nearing Possible Pivot

ByScandinavian Capital Markets February 17, 2021

TLT has been tanking but is nearing a possible pivot from the center line of the channel from the March high. Daily RSI is 25.5. Magenta dots on the chart below show when RSI has been 25.5 or lower. Also, the 2016 is 143.36. This is an extremely important chart given the ‘inflation trade’ narrative. A bounce in TLT would indicate a pause/pullback in the in the nearly year long ‘inflation trade’.

Company News

Trading WTF – New Live-Stream from Scandinavian Capital Markets on TradingView Streams

ByScandinavian Capital Markets February 17, 2021

Scandinavian Capital Markets joins forces with TradingView to take advantage of the popular charting platform’s new streaming feature. Michael Buchbinder hosts trading WTF (Where to Focus), Partner at Scandinavian Capital Markets. The next episode will stream live on the 18th of February at 11:30 AM EST / 16:30 GMT which you can watch exclusively on…

News and Analysis

Market Update 2/15 – Watch Crude Oil Up Here!

ByScandinavian Capital Markets February 16, 2021

GBPUSD is nearing the critical 1.4000. The trendline off of the 2007 and 2014 highs is slightly above the BIG figure (see below). 2007…2014…2021 (7 year cycle)? Again, seasonal tendencies are extremely bearish through until the Vernal Equinox. I’m on alert for signs of a top near 1.4000.

Interviews

Trading WTF Episode #1 Recap

ByScandinavian Capital Markets February 14, 2021

In this episode of Trading WTF, Steve Ward, Jamie Saettele and host Michael Buchbinder dig into the overlaps and differences between gambling, betting and trading.

News and Analysis

Market Update 2/11 – Big Levels in Copper and Crude

ByScandinavian Capital Markets February 13, 2021

EURUSD traded up to 1.2149 today so a near term top may be in place. The rally consist of 5 waves so expectations are for a drop and then another leg higher. My ‘guess’ is that a prolonged range is underway from the January high. Markets oscillate between trending and ranging periods and EURUSD has been trending higher since March 2020. A reset of sorts is needed in the form of a range. For now, pay attention to 1.2030/50 for support.