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Market Update: October 8

ByJamie Saettele October 9, 2020

It’s awfully quiet out there. EURUSD is on pace for its smallest weekly range since 2/21, which of course is right before volatility exploded. Hopefully we get something similar now. My view on EURUSD hasn’t changed. Price continues to churn just under important resistance (neckline and VWAP). I’m presenting a new fork today. Notice how highs and lows since over the last month have been on/near the 25 and 75 lines within this structure. I ‘favor’ EURUSD holding below this resistance.

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How Donald Trump’s COVID-19 Diagnosis Affects Market Sentiment

ByScandinavian Capital Markets October 8, 2020

The initial announcement of Trump’s COVID-19 diagnosis caused a knee jerk reaction in the stock market. Is there more volatility to come?

News and Analysis

Market Update: October 6 – All the same market

ByJamie Saettele October 6, 2020

I’m leading with Bitcoin today but it could be more or less anything denominated in USD because it’s ALL THE SAME. Obsess over news if you must but there is one real reason for market moves since late March…the USD. USD up and everything else down. USD down and everything else up. The chart below illustrates this fact. Regarding BTCUSD specifically, VWAP from the high was resistance. A break under the trendline would open up VWAP from the low and 2020 VWAP in the mid-8000s. The Elliot pattern suggests that an important low could form in that vicinity because it’s also the area of the former 4th wave low.

News and Analysis

Market Update: October 5

ByJamie Saettele October 5, 2020

USDOLLAR turned up from the top side of the neckline on Thursday but returned to the neckline today. Failure to turn up now risks a failed breakout, which would be viewed in a bearish light.

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What is Forex Regulation & What are the Implications for Brokers?

ByScandinavian Capital Markets October 5, 2020

Most brokers emphasise their forex regulation and licenses but don’t explain much about what is entailed to become a regulated FX broker.

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cTrader Copy – a New Solution for Fund Managers

ByScandinavian Capital Markets October 5, 2020March 20, 2023

cTrader Copy is primarily known as a retail-focused copy trading app. However, we see cTrader Copy as a new solution for fund managers.

News and Analysis

Market Update: October 1 – Important Monthly USD Signal

ByJamie Saettele October 1, 2020

It’s a new month which means we monthly volume signals, which are obviously rare. DX futures made a 2 bar monthly volume reversal. This means that August was a high volume up month and at least a 12 month closing high and September was a high volume down month (go here for more on volume indicators).

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How Will the FX Market React to Returning Coronavirus Lockdowns

ByScandinavian Capital Markets October 1, 2020

The prospect of another wave of Coronavirus lockdowns in most developed economies seems more likely by the day, how can this affect the FX market?

News and Analysis

Market Update: September 30

ByJamie Saettele September 30, 2020

Gold traded into proposed resistance at 1908 today and immediately pulled back. I am of the view that price resumes lower from the current level towards the lower parallel near 1750. Failure to stay below today’s low would risk strength into the upper parallel of the bearish channel near 1940.