Education
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
Learn about the fascinating world of market cycles in this interview with the globally recognized expert Andrew Pancholi.
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".
June 23, 2020
After Friday’s action, the extent of today’s USD drop was a surprise. Additional EURUSD downside is possible though if price reverses right now, which is the 200 hour average, upper parallel of the short term bearish fork, 75 line within the channel from the March low, and VWAP from the June high (see below). Bottom line, the current level is important so let’s see what happens here before determining strategy.
June 22, 2020
World-leading experts in trading strategies, psychology and market analysis come together in this unique online event. Speakers include Jamie Saettele, Yohay Elam, Steve Ward, Dan Blystone, Hugh Kimura, Tim Racette, Alex Ong, Adrian Slack and more.
June 22, 2020
ES traded around noted resistance last week before finally turning down on Friday. Focus is towards 2777.25 and 2849. This the 38.2% retrace of the rally from March and 2 equal legs down. Lows from August and October reinforce the levels.