 Hi guys, hope everyone is doing well and enjoying their weekend. Thank you for the comments on last Sunday's video It's great to have that interaction and I look forward to the same this week I thought we'd start the video today and Going forward actually by just having a look how we finished the last week going into the new one. So as Last week last video last week's video finished I've left those same lines on on the charts I feel free to to go back and and this is something I quite like to do is to you know test my Analysis see how the levels I put on did they get respected? Did they not was their reason for that? And then take them all off and we'll do that take all the levels off and the markings often and we'll start again So we've got the euro here Obviously it looks relatively messy now of all these lines But you know, it's it's it's helped me, you know over the years just to be aware of those key levels So, you know, I'm gonna we're gonna keep doing this you can see last week What was the the Monday 25th, but of course that was a bank holiday in the States and also the wealth the UK But you can see here we pushed off obviously that the failure to close back below that 109 You can see this rectangular area was was pretty key And we we didn't close there We pushed on we then came to that top of that range the close above there was was pretty key But it was also the close above the 200-day moving average We came back to test that level the 110 handle on futures before pushing up to really the next area resistance So it's good to see, you know, even on the daily chart this these levels so well respected how we finished on on Friday or the week Was obviously pretty key and also the month where we come to our charts tomorrow Of course, we were gonna be on the 1st of June So worth having a look at the monthly charts here as well and we will do that briefly But yeah, you can see here the close above here relatively significant Above the the highest level we sort of have marked on before we're looking really to the 112 handle quick Look at the pounds Yeah, so here I was saying, you know, if we can get above that 122 65 on a close be looking for longs We did get the close it would have been a hairy one to hold has to be said but that has led to this pushing higher And well the way it finished on on Friday, you know, I guess Yeah, a bit of resistance on this level here, which we could have had marked up You know up towards 124 67 seems like it could be the next opportunity To to book some profit on this trade not already done So and if it gets back below 122 65 like do it is it's gonna get a bit messy and dribbler We'll come back on to that later on Anyway trend line on the Aussie held. Well, we also came up to test this massive massive level as we know on on the futures, you know, just Highlighting how important that was last year and then the breakdown in February and actually also I haven't actually or didn't put it on live Sunday But if we just put this on quickly and again, we'll go over this as we go through the Aussie shortly We've got the 200 day moving average there as well So a lot of resistance around here and the way we finished on Friday was right up at that top finishing above the 200 day moving average for the first time since 17th of January So it hasn't really been consistently above that Well going back to December 2017 when it first started really pushing on so be significant to see how we unfold this week There's coming week the S&P So here you can see we were talking about how we pushed up and if it came back to 28 86 That'd be a good opportunity to get long as what I was saying didn't quite happen But we pushed on took out the next target We came back then to test our 2995 level week It came back to test the 200 day moving average of support and we finished on the high of the day On Friday, so yeah, it seems that we can now the way we finished anyway drift towards 3100 there and the highs that we had back on before March again will come back to do that The the NAS that you see what this area circled up It came down to test it on the 27th, which would have been the Wednesday could have got in there I guess and you know, I think I was in the video I was saying unless it gets really below any of these levels you can't really get excited about along It was very choppy has to be said last week one two three four five days in a row And that's you know Obviously not counting the the Monday the bank holiday Monday, which the cash market did push higher so five days in a row Of gains for futures on the NASDAQ and most importantly the first close we've got above our level here All-time highs next week That's what the charts telling me anyway at this present moment NASDAQ the Dow breaking above the the trend We didn't quite get a retest of that level so something to look out for 200 a moving average a bit above here and I would have well, we'll go through this shortly, but I'd have this area marked up, which we'll see Gold broke the trend line retested perfectly came back down to test these these kind of lows here Not actually quite sure why I've got 1701.2 marked up, but it was the 1700 handle and also you've got some lows in the mix here However, we did then get above we came back to retest this trend line What a trade and then back up to some other levels where I've had marked up just these lows where you can see I mean Very well respected here on gold certainly Having a look on the daily chart will we'll go through this and in a bit more detail Shortly oil as I say each week. I'll leave it to the pros. I feel we get to $40 fill the gap soon We're almost testing the the high of the 11th of March, and I don't think the sellers can get excited unless we get below 29 11 And while that's a big range, you can see not much has really happened there Except to push above on Friday on some well risk on shall we say so let's revisit the euro What I would do is as and I would encourage everyone to do it is just remove Remove everything start again, you know get your resistance levels above where we're trading just horizontally marking up these now And of course they can be zones. You don't have to get them absolutely perfect There's this as long as you're aware of the levels that you know, you're talking about Some people talking about next stop 115. I would Not believe that for now Some very very key levels for us to get through and also worth noting. It's a very Very heavy data week. You've got the Fed You've got non farm payrolls and you know, that's just a part of the data calendar So there's gonna be twists and turns. Yes, I think the focus is gonna be US China related And of course, you know with the the riots we've seen in US Well, I don't think that's big enough to have an impact just yet It could be worth keeping an eye on how that develops and you know I'll be intrigued to see what amp thinks in the macro menu later and also that first briefing tomorrow we've we've got the We've got the advanced and professional trader program starting tomorrow So what a week for that with with all the data and everything that's going on great time to To sort of be involved in the markets and see how that unfolds But anyway euro how it finished like I said is is bullish for me Just looking the fact that we closed above our range That had been holding price in really since the first of April. So we we've got above that and Obviously the bigger move to the downside while people will be looking to sell higher up Obviously, we got our trend line on here and that needs to go at some point for that really to Materialize we didn't close below a level 109. So I'm still gonna have that on I'd be just looking at like this. I mean if With there's that saying, you know, don't catch a falling knife and You know the way I'm looking at euro obviously we come up to these resistance levels and they look good But I'd rather be late to the party here. I'd rather, you know sell and let's just get a little circle here I'd rather sell if we can come back below our Resistance resistance resistance. Okay, false break. Let me go lower or I'd sell below here or you know better sell below that trend line That's how I'd be be looking for it. Can we push up and keep going on? Of course, you know, if we keep breaking these levels then the mentums to the upside the important level for me one 1031 and of course Daily closes for those points will will be key We're pretty mid-range between the two next key levels However, just how we finished on Friday. You imagine we can continue to push on but it's a new month So obviously work just having a look at that on the month of May and When you look at the euro like this, you just think oh good We're just in a massive trend channel, you know, you've had a I'm just gonna get this on just roughly Get that on, you know, not much has happened when you look at it like that look Those false breaks down here. It's contained You know, this is this wait and see but as we we approach and you know come up to test the top end of this This trend channel that could be the opportunity to get short again. We haven't really had Well, we obviously had breaks We haven't had a confirmed break from outside this this trend channel since you know going back to 2018 when it when it started to form. So Yeah, it's it's obviously a massive area of support and even if we do get lower, you know, you've got those 2015 and 17 lows to talk about so euro finished the month quite nicely But in in the grand scheme of things, you know, you know when looking at a monthly chart that this push higher Makes sense. I don't say so have a look over at the pound I Think we get 126 if risk on the continues There's a couple of barriers to that and of course one of those being the US China stuff Which is starting to gather momentum. We were saying this last Sunday, you know my view on the S&P I think we go higher then we have a big headline China US that brings us lower that then proves to be a non-story as Trump Back tracks and we go higher into the election pound at the moment is is heavily heavily influenced by risk risk on risk off so Hopefully for the continuation of this view that the pound goes higher that US China Headliners is a fair whack away. And of course, there's a few hurdles this week with data So no harm in just taking a little backseat and trading this potentially more medium term with those You know looking daily closes for any influence for that shorter time frame, but yeah, I mean I would to be honest Obviously, I'd mark up. Let's get rid of those Arrows I just have on this resistance level from the high of the 12th little false break. Okay looks bearish 122.65 would be the area the bulls want to defend and bears gets below now But I pretty much would leave this would leave this the way I had it last Sunday So it wasn't the most crazy week for for the pounds of a have a look at the 200 day moving average As we know in other currencies, that's relatively useful and to have on so yeah One test rejection to test rejection. We should see what happens on that third. I think we get there I don't think we're gonna come back down to the 120s. I think that one will come soon However, I am wrong in that view below 122.65 As well if we are to have a risk-off week get your trend line on from those lows Absolutely from the low of the year get that on Nothing from the top is yet not that great Potential for there have to have been one Friday that didn't didn't materialize So yeah trend line from the lows there bigger move to the downside will it would happen if that comes in It also be a break below that magic one twenty two sixty five on the futures for now We have got a battle between one twenty four sixty seven and one twenty two sixty five with that one twenty three eighty three A bit of a line in the sand Above one twenty four sixty five. I expect to clean a move up towards the one twenty six forty nine I don't think that could happen in a week But then again, you know on the on the Tuesday the pound move from One twenty one sixty five up to one twenty three sixty four to 200 pips. So it's not completely Against the law of physics. So we say Aussie trend line. I'm leaving The these this area of support but then below the trend line I'm having on as well along with this new one from Quite a bit of a double bottom really from the 22nd a couple of Fridays ago and Tuesday there Trend line starting to appear from those lows will be a very steep the levels of support I would look to keep on how we closed is good For the bulls, but you would want you'd want something more significant here to to believe that we can push on So I think it's still a bit No manlandish up here I wouldn't blame people for wanting to sell targeting 66 13 trend line and if it can go fine But if you're not in a trade for the Aussie dollar, I don't think there's any harm in not looking to get in one right now Yes, we've got the first close above the the 200 day moving average But it's not significant enough is how I would look at it. So just be slightly careful on that if you are long You've D risk, where would I be looking to next? Well, you know if we can get a nice clean push above here some of these highs that we've got back from February This year most notably this kind of point around on the future as it comes in at 67 56 That's where I would be looking at for for that market I think if we do, you know get a nice nice push through worth potentially having on this this level starting 26th of Jan 2018 into the high that we had on With high of the 31st of December just because there could be a third test of that trend line And then you know if you draw that up to come in this week, it could well come in, you know At same sort of point is here But yeah, let's review that next Sunday. Just following the same sort of pattern as maybe the S&P has which is pushed on Obviously I leave those support levels on We'll just make this now even a more important zone with the low that we had on Friday and that previous top of the range 200 day moving average so the bears need it below 2970 for That continuation lower to then get back towards that Well, but our previous line in the sand 2890 2886 this level here Where are we looking to find resistance? Obviously got 31 hands We've got this massive resistance level here as well Which you know we spend a bit of time around, you know after breaking through initially on the 26th of Feb That next move to happen on the 5th of March lower So 31 14 you'd have people de-risking as we come up to that level especially 14 points below that The handle but that's gonna be key. That's gonna be key. This is where I think we have That next kind of push lower the rejection the way I see it is There's gonna be a rejection of this then one of the headlines This captures that negativity more than maybe it would in another day and we push lower However, that said a break this week above 31 14 you got to be aware of this level here You can see we had the high on the 27th of Feb the low that we had on the 8th of Jan 3182 is something Well, we're gonna have a resistance point and also it's a big big area just a bit above that 32 13 the low from the 31st of Jan and the 24th of Feb No point really getting these levels marked on just yet. Obviously if we do have a Unimaginal push higher than just just be aware, you know, it doesn't take too long to mark those up But yeah, I would say 31 14 likely to cap the upside this week However, daily closes as we know a key and the downside for any real scary move for the balls We need it below Or they would need it below 29.95 Where we finished on Friday for the next that makes me think we get all-time highs This week unless there's a big development Rest in China. So yeah, what a what a recovery from from that low Let's get the old currency tool from that lowest point just in case you want to feel sorry for yourself I'm missing out a 44 and a half percent move of those lows in insane first close above our level We've marked up on there We haven't had a close after Closing above 93 42 so we haven't closed below 93 42 since I that's another level that I would have marked on My trend lines here. I would have them on the guides, but that's kind of the picture I would look at here for for the NASDAQ So the next level to the upside obviously you would potentially de-risk on the 26th of May high But then you're looking at you know the high of 21st and Febeth and then 97 56 Bit of a trend line on there to work while having on on those highs maybe maybe Without a headline we go into to the to those highs Fed on the on the Wednesday could well be also the That that that point that leads us to to a move lower I can't quite off the top of my head remember the the last Fed meeting but We did push lower off of that on both the S&P and I think it's the 12th of May wasn't it you see here 12 we push lower 12 We push lower. It's a common theme, isn't it? You know buying into a Fed meeting selling as they under deliver so all-time highs by Wednesday come off for the rest of the week Yeah, maybe and then a little recovery on non-farm payrolls after that So therefore the Dow you've got to imagine we can get up to test that that previous low 2590 2593 for 25,934 thinking there How to say that correctly? It's been a long weekend in the Sun But yeah, 200 day moving average. Let's just have that marked on because that's What people are gonna look at as we get to that point also worth noting you've got the the higher the 6th of March As as if that is to break then you have a bit of a cleaner move I would say up to to the high here on the 5th of March So worth keeping an eye on the balls are happy at the moment They're very happy with how we finished on Friday. The Bears need us below 24 7 6 9 We've got a midpoint. We've got a lower range there We kind of have it like that to be honest I think that's that's that's pretty good where we finished from Friday was was key Let's have a quick look over at them at the month on on equities It's just removed Actually, I don't want to remove that because we can review that again next week We're looking here the fact that we you know closed above a few of these levels where we haven't been you know since Well, obviously before February that looks looks pretty good. Good little finish to Friday Headlines will be the only thing that stops equities and new headlines as well gold it's gonna remove everything as You know, you can see here in the future. You've got your double top You've got your your trend line break and then false break of That which it turned out to be however. There was a good move lower in that day. We're above it We've been found support pushed higher It's a zone from 1742 to the low 1744 Up to this level line in the sand. We need back below the trend line 1715 That looks pretty good to me just having these points marked up Obviously those lows here. That's how I'd have have have gold for me nice Finish on Friday to give us a bullish start on Monday. You would you would say being a close above here However, are we just in a range and we're just above that midline? I would say resistance 1742 that doesn't hold 57 isn't the next level If we get back below the trend line likelihood, it's just gonna be a bit messy someone asked for The silver which has been on obviously on the on a tear on a tear last month I mean, I mean look at their recovery from 19th of March, but yeah, the May Where's the first of May here? Oh big push big push big big push higher decent finish to Friday as well You'd imagine the double top from from 2020 Make it a triple from September The end of September looks like that's on their horizon for silver I would stay if I am long would be happily stay long as long as we're above 1819 You know, you can see the significance of that holding up. We're now back above there. I wouldn't get scared You know, even if we do just drift down back into this level and as long as you don't get a daily close below there It does feel like this market gets up to those highs certainly on the futures of of February Yeah, this this year if I was bearish on on silver. I mean you could argue You know once we you know failed here that could have been the opportunity to get short I mean just looking at that. But yeah, it's it got real messy around there Cleaned out this range. So that's now the the level of support that I would look to have on Yeah, I'd be pretty confident just looking at this that we we can continue to push higher Not to say that 1819 is gonna hold to the tick But you feel right if that comes back down We get an area of support and we push on and yeah up to that level and then maybe even 20 gets start Just starts getting talked about on that oil. Yeah, I think we get $40 Yes, 3643 has to go for that 2911 has to go for this trade to be completely wrong. Good break. I still think 2911 holds Just putting this onto the 240 minute. You can see and You know the we are just sort of creeping up We hit this resistance point that we had from the 9th of April big level To the downside Is there any trend lines I'd be worth having on Doesn't look all that clean to be honest to be honest for oil. I feel it's It's obviously got it's a mind of its own over the last well 2020 it's been on a hell of a journey, isn't it? But yeah, I think we get the gap feel so that's your key level Do I think that could happen in one day 36 is to 41's no in oil. Yeah I think there could be a decent short if we obviously break that sort of quarter zone, but obviously below 29 25 and 29 97 23 dollars is how I would look quick. Look at the the Dax just to wrap it up You can see how we finished on on Friday just in the in the positive It is a big resistance level up here though So it wouldn't surprise me that actually, you know, we we can push lower from here However, you know might be on stocks is still risk on so I wouldn't necessarily be selling into it I'd more be looking to see how we would react if we come here Or what happens if we get the daily close above that level? But you can see just how important that these lows are And then obviously if that does break then you could get a bigger move to that upside So it's it's one where I wouldn't be in a trade right now for the Dax I was in I wouldn't look to get into one right now if I wasn't already in one And just because of the the significance of this level. Yes, we close below one resistance to resistance three Levels three tests that failed to get us above there But yeah, it's obviously very key. So I don't know. I don't know. Yeah bullish above It's bearish now, but I don't really believe in in the risk risk Risk off coming off just yet. So, you know, I'm gonna stay away from from a short and you know, that's how I go about my trades is, you know, fundamental view bias When and when does that mark when when does the the the technicals agree with with that decision? So, yeah, that's how I would look to go through that. Anyway guys a bit of a long one today 26 minutes to summon a critical code so I'll do the usual and And Put the the timestamps on but obviously if you're listening to this you've probably already seen the timestamps anyway But I hope you have all had a great weekend. I hope you continue to enjoy the rest of yours I hope you all continue to to stay safe and I look forward to Interacting with you guys in the comment section and also seeing you all again next Sunday