Education
July 30, 2020
Simon Ree has been an active trader and investor since 1992. His book, The Tao of Trading launched this month and has already reached #1 Amazon Best Seller status across five categories.
July 30, 2020
Gold traded lower early on Thursday, as investor mood was buoyed by the dovish stance of the Federal Reserve. On Wednesday, the Fed committed to leave interest rates near zero and pledged to use all its tools to support an economic recovery.
July 30, 2020
This is an analog that we’ve been following for several years. The mirror image of DXY price action from the February 1991 low closely matches price action from the March 2015 high. Figure out ‘why’ if you want but it continues to ‘work’ and I’m intrigued because the analog suggests consolidation through year end before the USD takes a digger in 2021. A close-up view is below.
July 29, 2020
Scand.Ex is pleased to present the next video with trading analysis by Jamie Saettele, our Chief Technical Analyst.
July 29, 2020
Today was the first day since the rally off of the March low that QQQ made a lower pivot high with 5 day strength. That means that there are 5 days on each side of the high.
July 28, 2020
So much for ‘extreme sentiment’ towards the USD. DXY dropped for a 7th straight day today. Price is now testing the trendline from the 2011 low. The lower parallel from the channel off of the March high is slightly lower…about 93.15 (see below). At this point, I’m not sure where the next level of interest is if DXY fails to hold.
July 27, 2020
Charlie Burton's presentation from the June 2020 Smart Traders Bootcamp.
July 24, 2020
Gold remained bid in early trading on Friday, underpinned by the prospect of further fiscal stimulus and simmering US/China tensions. Meanwhile, the US Dollar Index fell to its lowest levels since September of 2018.
July 24, 2020
USDOLLAR (EUR, GBP, AUD, and JPY) is testing a major level (daily chart is below). Price reacted today at the top side of the center line of the Schiff fork from the March high and the top side of the line off of the March and May highs. This is a great spot for a bounce. Pay attention to the upper parallel and former support at 12253. A break above there would indicate an important behavior change.