 Hi guys, hope we're all doing well. Happy Sunday. Hope you've all had a good week as well Sorry for missing out last week, but we're back and it's have a quick look over some of the charts how we're set up going into What is expected to be a pretty important week? I'm sure by now you've watched and or read Anthony's macro menu Certainly some interesting days ahead most notably Thursday with some key earnings After the close on Wall Street as well. So, yeah, I've just seen some tweets suggesting the The move could be expected to be in the region a sort of 3.9% Either way, which would be Pretty pretty big to be fair. So we'll have a look over Equity shortly. Let's get started and have a look over at the euro Which has has obviously been hugely benefited from this this week of dollar, you know Are we looking at euro strength for a week of dollar? I would suggest it's more on the dollar side of things But yeah, you can see here This is this is the levels that you'll see on this chart will be drawn on from two Sundays ago So, you know, I like to on the Sunday just have a quick look over see how my levels reacted and whatnot But here we were sort of looking Officially, you know two weeks back, but you can see that this trend line got the break of the retest and what an opportunity Around that sort of 16th 17th of July then strong resistance on the the 10th of March and we find some Resistance just before we get to that ninth. It's mash is through and even going through some of the the next levels We had marked up going here to 31st of Jan. We're now and this has removed everything. We're now at And we finished on the high of the week which was key because I've seen to the traders about you know on Friday If we sort of reject this whole area, I think there's another high I want to get involved just about here on that 16th of October, you know, if we rejected this area then Yeah, maybe people that believe that could be a short Coming in soon would slightly get more excited But yeah, we finished right at the top there above this high That we had marked up from January last year and now it's almost at October 2018 levels. That's a big zone and I think you know a lot of people would welcome a bit of a pullback To be completely honest where with that pullback in my opinion be worthy I Think if we can sort of use this as a guide I mean you've obviously these highs here which we can mark up for sure But I think towards that 115-114 you'd still be relatively happy to to go long around there and I mean ultimately there's been some great opportunities along the way for pullbacks to get in We've had you know and here on the futures one two three four five six days in a row to the upside Similar to what we saw here at the back end of May and it might be that we come into a bit of a Consolidation and we have to come back Around this area does that happen next week? Probably not but something worth keeping a watch on that's for sure now above these levels 117 and beyond you're really looking at highs from you know September 18 And this looks like a good enough point where you could find some sort of resistance before 118 comes in And if we just go back to that 118 area, and this is 118 yeah around here I mean look at this for a level really strong resistance again before it breaks to support We then break through and we haven't come back again since I don't think it's out the question we get 118 But that should be inferior for me be quite a nice ceiling Yeah, I all of these areas of pullback will be worth keeping a watch on and the bears haven't had a Decent decent go with it trying to break any areas of support You can see even going back here when they do take a bit of control just comes into another area to buy so yeah A lot of now resistance and support below where we're trading the bears really need a new fundamental driver for this dollar to Strengthen I would say in an ideal world We come back to this kind of point 115's 114's without any new Developments and that could be an opportunity to load up The longs again, I would say but yeah, it's it's sort of done well to get through this whole level this weekly trend line So as well keep a watch on that should we should we come back in let's have a look at that weekly chart? You can see what a week it was but we're now coming into a key resistance zone Are we starting to see a possibility for the tops? Biggest move and you are looking then towards here and we haven't had a close on the week above there since May 2018 and you can see that would be a level where if you do think the dollar is going to strengthen again And we're up there It's that the chance that people would want We'll we'll obviously find out shortly, but yeah some pretty key levels there for the euro To have a little focus on the pound finished bang pretty much bang on the high that we had in the 10th of June I'm just gonna remove everything for me and I've said this for the lunchtime videos that you guys have seen on on that fly live and You know to our traders in house It's a buy as long as we're above this level and the 200-day moving average You can of course make money selling this market intraday But look at this one to retest of this zone where the buyers does take control and Now we're at a point like without euro where we're hitting some key resistance So it might be that people get a bit excited, but I'd happily not be selling even if we do come down I'd say you're you're better off Looking for a cleaner trade anyway Underneath this level and that's when you can get a relatively quick move down, you know here 150 pips You know obviously if it was to go there, but I think it would relatively cleanly So we're quick looking see if we can start talking about some sort trend lines in the mix Yeah, I mean sort of match up in there perhaps, but yeah now. Yeah, so that's the key key level That's the next one above where we're trading Well, you've got to be careful here because you do have a couple points obviously that 12 on March high is just a bit above It's also a low from here if we make this chart a bit Bit thinner you can see the significance of this market around this zone So yeah 128 51 could be a bit of a ceiling couldn't it you can see just the importance again of this point You know, you've got support resistance support. Yes, a bit choppy support resistance. So above there You know next thing, you know, I 130 Relatively quickly and then even could we be talking about getting back to 130 twos again If the dollar is weak and we have risk on that's gonna help this currency push higher and Obviously with a dollar weakness, then you know, I don't think that is that the question But let's just mark up a couple of areas of potential horizontal resistance that we could see Getting on that 200-day moving average as well for the pound is gonna be important as with a few of these currencies and certainly the equity market And as that the 21-day moving average is worth having a look at as well here But you can see the significance once we broke through that and it's still acting in support along with this area Let's call it 126 70 not to be too specific But yeah, that's how I how I see the pound if we do come back below our and I'll shade this in For me, it's still the key most key level for the pound if we do come back below here You know, just be aware of these previous highs as areas where you could potentially de-risk But I'd say you're likely to get a move down towards 125s as well So the euro you can see Can you get a lot of key resistance points ahead? But the pound also bang on that and I'd say the pound has been the easiest to trade and Over the last few weeks. It's had nice moves I haven't really been consolidating in in horrible ranges like that euro was for a bit Whereas the pound has been moving quite nicely, but are we gonna see a A move lower this week a bit of risk-on could have could help that but I mean just having a look at the weekly you can see the importance of this level Risk reward short from there. It's not bad. Is it it's not bad Any of those currencies it seems anyway, but trade what you see not what you think On the Aussie you can see I had a bit of a trend line on those lows and I remember saying I can't really Justify the short unless we get below some of these levels previous high by the looks of it here on the 10th of June. Yes on Friday. Yes, thank Friday Actors great support So let's have a So a little look at this now as well Certainly to the downside. We know we now know this is key along with these previous highs. I Would say looking at this the short again similar to That that pound that you probably only want to get involved if we can Get below this area here because these pullbacks are still working in terms of horizontal resistance above where we're trading let's have a quick look and Well, I mean it almost almost got to the levels we saw from Fed and April last year That's going to be key that is going to be key I remember speaking as well to guys last week just about this zone here in that if we can close back below there You might start to see some selling come in Friday moved us lower along with actually you can see here really from Wednesday Thursday Friday, we were just drifting lower, but the ball stepped in on Friday and You can see we finished above that level, but if we can get below there I actually don't mind the short too much to be completely honest I think De-risking down towards these points here and here for a medium-term position could be could be good Overall on the weekly. Let's have a quick look Yeah, again if we can come up to that point It looks strong resistance doesn't it you can see as well just on these areas here has been well respected So yeah 72 maybe it's a ceiling for now But that said above there, then you know you again have got decent sized moves that could happen for this market also worth noting it is the on Yeah, Friday is the last day of the month so dollar buying into the month Maybe we're having a little think about that As well, but for the Aussie at the moment, I'd say the buyer's room control unless we get below 70 The pound below 2674 and the euro Below 115 that's not to say you can't look for shorts up at these highs on a sort of a range You know trade up here to you know get it down But I'd say the buyers will still be looking to come in and take control even if we do push a bit lower Now on to two equities. I'll start with a Nasdaq Okay that Yeah, so like I said, I haven't touched these For two weeks. You can see we hit the bottom of that trend line we hit the previous all-time high on 23rd of June and Solid support now is that this the opportunity people have been waiting for to get in again You know if we have a look at percentage of the the all-time high the double top all-time higher. Yeah, it went It went 6.8 percent down, you know with the Nasdaq is that actually good enough for a dick We've got something incredibly important earnings coming out though So just bear that in mind along with the end of the month trading Let's get the 21 day moving average on as well and you can see we finish below there now. That's not the most It's not the bill and end or it's not like okay. I'm selling at the open because you can see a couple of times We have finished below their clothes below So it's not big enough clothes and also you would say you would wanted it below that That high that we had previously on the 23rd of June So to this has removed these arrows so to the upside you know where I Would say don't feel comfortable buying at these levels So we can get back above what was the low that we had in the 22nd of June and also the 15th high I Know it's a fair whack away, but that's where I would say okay. The bears aren't interested anymore We're currently just a bit below this area support as well. So look at that on the 60 Which probably gonna get a bit messy now, but you can see here. This is that first area We want to see The balls get above I would say that's safer. However, if we do, you know get some good Good good sort of buying pressure on the open, you know above of these areas here from the 14th 16 17th you may well see a Decent move to sort of feel this area. So yeah for the NASDAF at the moment It's not for me a sale yet Because we haven't closed below the trend line. We haven't closed below the previous all-time higher and the 21 day moving average Not significant enough just yet for a for a close there if we do drip down just be aware You know, I wouldn't say it's out the question then to be honest that 10,000 comes in again Or this low from the 29th of June, but that would be key a break of this trend channel would certainly be key So yeah eyes on eyes on s&p 500 I mean this hasn't been altered for two weeks. I mean looking at that has much really happened You know, I would I actually I took a trade on this previous high and I de-risked a tiny bit on the day and I I actually thought you know what we that could be the loaner and we push on Wasn't to be the case and The remainder of that trailer was break-even stopped out. But you know, it's not the end of the world, of course but we're coming into an area now where It is key, you know, and it's like if the NASDAF gets below that area that we talked about here No, let's just get a little circle on there. Just because that is massively important isn't it if we can get back below 33183 in the s&p these these previous lows in the mix here where we get higher Probably that virus news vaccine news then I would say that's pretty important and You know, we could we could start to drift down. This is do this fresh To the upside obviously we're gonna have to hire last week But it's a zone it really is a zone and the gap feel that could can come with that If we get above there, it's all-time highs and we're not far away, you know at yesterday's last week's hire I should say we're only Three three point five percent away from the all-time high incredible But yeah, the important support points that I've been looking at is this 31 Hundred as well down here, you know for me the s&p is I Don't think we get here again anytime soon, but these would be that the support points of interest that I think Are the key lines in the sand? To focus on and then obviously this whole resistant zone to the up and you know, that's what that's how I would have that on It hasn't been moving massively. I have to say it has been, you know, chilling out a bit 21 day relatively Well-respected recently that could come into play as well for now It's not panic stations for me to sell but Twitter at the moment feels as if it's going that way. I have to say starting just to feel a bit bit on edge about things, but it's a big week and As well and I have to say did anyone watch the the the Trump and Portnoy Is that is so important? I want to get that wrong because it was fantastic. It really was Great if you haven't seen it, you know go and watch it whatever your view on on Donald Trump Yeah, Dave Portnoy Whatever your view on Donald Trump It was as fascinating just listening to it and and how he sort of opened up and was saying how he regrets Some of his tweets all the time he thinks oh, why did I say that and he was saying the retweets He sends sometimes get the ones that get him in trouble. So it's it was quite quite an interesting interview So give that give that a watch, but yeah The what I got from that was was you know, Trump Is his baby this stock market and you know, I think there's still upside left to come for sure down Jones Not enabled. Okay. Well, I need to I need to refresh my computer to get that working again But for the gold you can see we pushed on we broke our resistance We came back to find support on that level bit of resistance or my other area got marked up here before we smashed through and 1919 point eight seems touching distance away. Doesn't it? Why have I got that marked up? Well, that's the high on futures, isn't it all-time high from the 12th of September 2011 You imagine that comes now, you know, you'd be surprised if it doesn't if you're long you're de-risking Just a bit before they're a course taking a bit of your trade off But yeah, strong move strong move for gold Daily, where's your pullback point if you don't want to throw me along it Maybe even depth back down towards here, unfortunately, I mean you could obviously Yeah, there's fair whack away, isn't it fair whack away? It's going bit vertical now where it can be a bit tricky to get on these loose ends But you know, if you're not in and I take take Take your time. There's other markets, isn't it? Yeah, it's it's a buyers market at the moment But you know the lesson being, you know, as long as we stay above here, I'd be comfortable It's still being long or looking for longs oil It did get that that fill the kind of clothes above we retest it find support Not I don't know looking at that you're happy to be to be bullish this market still I would say and you know what was quite interesting was that the sort of You know these new trend lines that are appearing and we haven't had a significant close below So yeah, it's a key line in the sand, isn't it? I think if you're you don't want to be long all your way over the weekend as we know from this year but see how it unfolds this week or this this evening and Upon the futures open the market open because I don't think it's a bad long here as long as we stay above the trend line below there I think you can get you can start to get a move back down towards 30 39 bucks and then 37 for sure We hold then you've got the highest from from last week and and then this area Where we're talking 43 44 45 bucks as well. So yeah some some some some key levels in there silver went vertical you can see here Yes, it's not even on my screen. It went that high. Wow. How's that? Wow? Wow? Wow? And this is a weekly chart what's a week for silver Yeah, I mean it struggled in it, you know, you can see we're sort of saying and remember being you still happy to be long above this area Don't quite know why I've highlighted that point Really Can't remember what's the video about the air this area you can see once we go above that and the and the high from the ear It's it let off in it and it really did push and push and push. I mean You can imagine people start thinking about this area coming into play around 26 dollars To be honest and obviously it has a little week like it did last week. You get that and I'm not gonna jump in and say, you know, it comes crashing down here But you'd expect you'd expect a bit of a move So to control the speed of this the the margin has increased as well and you'll remember 2011 it was 2011 wasn't it for gold and they increased the margin and that actually I believe marked the top Pretty much when they increased the the margin was it 2011 it was isn't it? Someone in the comments has confirmed that I mean I'll check in a moment But it was this is where the gold margins were increased and you can see we came lower for so for silver It wasn't meaningful. It wasn't massively that the margins the whole of contract were increased But you know when that happens it might lead to a bit of a move down So just bear that in mind just bear that in mind the decks Yeah, I mean again, it would be I didn't get long the decks But I'd have been happy to to here thinking, you know, yes You would have de wrist at this moment here and to be fair, you know When it doesn't close above their three days in a row you you start moving your stops to Sort of scratch and it comes back there now and to be honest it did find support on those lows So again how it finished on on the week Yeah, you're not it's not panic stations. Yeah, it's not It's set up quite nicely. It's just refreshed this because Technically this market is actually I think behaved quite nicely So you'd have these lows in here from the 15th of July marks up a good area of support That doesn't hold then you're looking towards the low the third of July We haven't had a close below there and then really I would say you're sort of looking to these Areas here as well. So some nice support points to come in If if we are to move lower Trendline break. It's steep. It's on the day. It's key, but Yeah, I don't know. I don't know if that's enough to make me want to sell just yeah I'm happy to be wrong on that course, but And then to the upside the highs that we had no close above there will be key obviously then the High of last week gap fill and then Simple, you know, those be the levels I have on trade what you see not what you think Looking at the 60 minute obviously the the trend line break was was well respected enough You know if we can get back above the trend line and these lows then yeah fine Maybe that's where you would want to get long rather than down here But yeah some some key points some key points in there. Anyway guys, we'll wrap it there Hope you all enjoyed that and any questions get them in the comments below But I look forward to doing this again next week, and I hope you'll have a great week