 Hi guys, good evening. I hope you all had a great week. It is Saturday evening I've got a few things on tomorrow, so I thought I would get the video out nice and early rather than tomorrow evening So fingers crossed nothing happens overnight But in 2020 it's it's hard to know whether that will be the case Also throughout the week, please You know if you are interested in having a look at the charts that I look at on a daily basis head over to my Twitter page, give me a follow. I'll be posting charts on a more regular basis each morning But also throughout the day another thing before we get into the charts. We've got our Advanced and professional trading program starting on the 5th of October So whether you're looking to get into trading or you're looking to develop your skills ahead of the US election, for example Please do feel free to get in contact with me via Twitter or also Via email, which I'll put in the link below that's s.north Amplifiedtraining.com Let's have a quick look over at the charts. We'll do the usual setup where we sort of have a look at some of the levels we had on from last week and you know assess things as We we go into a new one and so we started on When was last Friday it'd be the 18th. I think we finished Yeah, pretty pretty in between Two decision points. We were saying you've got the trend line or you've got the long if it can get above 119 Favouring the downside, of course, but market, you know, let the chart tell you what really happens So then we break through obviously you can see here it close and continue to push below the The the low that we had from the 3rd of August For me it it doesn't look too good for the euro have to say it It feels like you've got one negative from the break of the trend line You've got two negatives on the break of the the support point from the beginning of August that that's held things up You've got the moving averages that's gone through But also it does feel like there's a fair bit of room for it to go down to some of these points that we had on From the night for March now as we go through you've got to just be aware of These other previous highs because they will be looked at and you can see then if we do push down There are multiple points where people will potentially look to take profit or we can reverse from but in terms of the most Important of those I would say 115 is that but that said let's just talk about some of those highs that could come into play Previous highs so we've got here the 10th of Jan Little bit after that towards the end of January 31st. It looks like middle March And then of course the middle March. Yeah, Marcia, of course I was for some reason I think in 2020 there and then we got the 2020 March level there So they will be points that people do look at but certainly on the way the the day Or Friday, I should say that meant the week finished It doesn't look too good now if you are looking for some longs or there are some Comments that come out or data points next week that suggests we could start to push higher When would I really feel more comfortable about seeing a push to the upside? Well for me It's got to be above now what was such good support It's got to be above this 117 area and you can see a couple of times the resistance has come back pretty much Hang on to that point and held Very well there. Let me just check something quickly Yeah, just making sure that's the right contract it is and so yeah just strong resistance there So above there on a close then I think there's a half decent opportunity of then getting back up to the trend line And above both of those there's probably a reason behind it And we are then looking to push to the upside now as we we go into this new week You've got to see the low of last week Which you know is that previous hyphen 2019 as well a break of those then there is a fair bit of room to go 116 mid-1 15s as well one thing to know and I'll just bring up the the calendar is We've got three days left of September So we've got month-end trade Trading three days left of the month, but also the quarter So I'm actually expecting Monday Tuesday Wednesday to be Slightly choppy if anything But I'm still favoring a move to the downside So still expecting a bit of dollar strength here certainly against the euro and seeing this follow through towards These these sort of 115 area what happens around there is a different story I think it is it's a point where for this to happen The dollar is going to be strong across the board which is at the moment seeing in correlation with equities where They do push down as well. I think it would be another week Of price action, you know dollar strength risk off if you like as well That the Fed might start to come out and say a thing or two you know very much the The sell-off that we've seen if you want to call it that across markets was triggered by the federal reserve meeting that we had back on the 16th no fresh new stimulus no bazookas left Perhaps was what the market is the Sun winding here. So certainly an interesting time. Obviously we've got on Tuesday You've got the election first debate, which is going to be it's going to be incredible. I'm definitely staying up for that I think it's going to be Yeah, it's going to be interesting whether that really can move the dollar or not too much I don't think so and and if debates are anything to go by last time It's probably going to get quite ugly And you know people don't really in my opinion change who they're going to vote for based on debates But I think it will be useful watch it. Let's have a look over the pound week. We said didn't we it's You know, I don't usually say to go short on an open but it had that feel in and we know We had a resistance level where you would say look, okay I'm wrong if it goes above 130 and it just couldn't we couldn't of course and and the selling started early last week and The only the only thing you would say and I'm just going to remove the the text here just to give us a bit of room The only thing you would say is it had a bit of a lifeline on Wednesday That led to a push higher and then again on Friday Friday's clothes for me isn't bullish And the fact that we're still below this area here that was the low 11th of September on the clothes Is is something where I'd be happy to stay sure but it's not a wake-up or No, depending where you are, of course on the on the futures open and sell the pound It's more if you're not in a position I think it is a short if we continue to push below 126 71 these highs that we've got on the 9th of July You would have seen on my Twitter if you if you're following me up really talking about this level the pound has to finish above it It did so it gives itself a bit of a lifeline now The problem we we're gonna have is the euro while it did hit some support It's got a fair way He's got to get above 117 before we can start, you know seeing the dollar weaker and the pound at the moment It's had three days of indecision if anything. It's great that it's not made a new low But I don't think there's you know enough reason for to say we can get in long and where would that be I Mean you could potentially have an argument for sort of 128 22 which is the low that we had back on the 16th and it also would mean we're now above Wednesday Thursday and Friday's high But for me, I don't know it doesn't seem too bullish at the moment and you've got problems with you know Brexit you know Anthony was saying in his briefing on Friday wasn't he how you know Brexit tour well forgotten last week because of the Covid cases were going higher. We're you know, we're now coming into a new week where Brexit talks will be back on the agenda Well, though, you know, a couple of comments on Friday I think it was where you know talks have been going better than than expected Look, I think there there is you know eventually going to be a deal But this whole move lowered is justifiable with you know, there's well some taller strength I think it's interesting right now for the pound in summary. I would say I was gonna remove one of these lines I would be happy to stay short on that retest that we talked about from last week As long as it stayed below 128 22 for the longs. I'd even be a bit hesitant about getting in above there for continuations The low 126 71 is obviously worth keeping a watch on I think it's worth You know, maybe I'll do a video during the week For the close of the month as we just bring this in certainly from a an area that people are going to look at It is exactly that look at you know, this is going back to 2016's Resistance turns to support turns to support can't get a close below Then when we finally do you get a bit of a push down. I okay. Yes a bit messy around these these these points But look these these are monthly candles and when price doesn't you know quite close above below Then you do get a decent push either way. So we've got a test of it Do we push below a break below? So in the next three days, which is not out the question the way the pants been moving at all We could well see a decent You know continuation towards sort of 120 really, you know when you look at back at things in highlight and hindsight I did say to you know The traders are what I wanted the short and the false break of the election high never got there And you know, I didn't chase it took a couple winter day trades on it for sure But you know, you can just see what happens when levels don't quite, you know Get there on certain time frame. So yeah, keeping a watch on that as we get to Wednesday Even Is that right? Yeah, Wednesday evening and obviously Thursday is the new day of the month Aussie dollar I think we have the trend line yet trend line on it break retest, you know, that is Sometimes you just don't get anything better than that really close below Dollar strengthening elsewhere the pound under pressure. You're a dollar having a bad day And you get there one two three four following days or of nice selling to where the target would be It's it's a piece of art if you took that on you would have booked some profit I hope on the night for June high. You're happy. You're really happy. It's below there on the close I mean if we want to say, I mean even if you bring in this this next level here, it's bearish I have to have to say I had a couple of body shorts from up here Actually, I didn't manage it as well as I'd like to and I certainly didn't get this Whole move, but it doesn't look good for the bulls trend line there I mean, it wasn't great because those three don't connect quite well It's not much stood in its way. And if you you know took these points as profit targets, you know, they're all Perfectly reasonable so levels below where we're trading Well, we've got you know, some previous resistance here chopped up for me That's not key enough, but this area is and I think this would be a point where the Aussie and early trade might be Quite attracted to towards 69 23 and if it was to get below there Then we really are seeing a bit of an unwind at some point if the if the dollar is really going to kick on then You know, this could well be the sort of ultimate target Remember this sort of double top that we had before rigged big push first of June I don't think that's out the question to be completely honest. It's a just bring in some fibs. I Actually have I'm not a massive fib user And I had and I know when I when I do this this this chart overview with you guys I I never do anything before I really want to live it as if I was going through it just purely on my own And this is interesting, isn't it? You know the fib here, you know So I had no idea that the 38.2 would would be here, but it is but look at that I think for me that's that's a long I think that's a long and it fits my narrative on Dollar to strength from for a couple more weeks and and then fed to come out You know as as they see it come under a bit of pressure or more pressure these the equity market So yeah, I think the obvious points of now of interest can be 69 23 I mean you probably would come out before the low of the 15th so 68 Handled maybe it's 28 above that and then 68 85 when is this wrong? I mean look you could potentially argue for the false break of this point And I think you know while all of these previous lows now from the trend line offer resistance I think that's fair enough if we are to and I think with certainly with the pound and The the euro and obviously I think to get long there has to be a fundamental shift There has to be something give I mean the dollar's driving things at the moment for me. It's nothing to do with I mean look maybe it's a tiny bit to do with sort of, you know European numbers, you know flight to safety But I think cases You know they are what they are. I don't think it's the be all and end all right now I think it's more a story of the dollar and the Fed didn't deliver so we're seeing that so something fundamentally on the US Dollar for me has to change Comments of course could be that so keep an eye out for Fed officials. They spoke enough enough last week. Didn't they? Dolly Yen We had this line on didn't we when was the it would be Friday the 18th as the 18 Okay False break of that low. Lovely. Lovely. I mean I'd all said I'd have said if we close below there and maybe I'll go back and watch the video a lot from from last weekend But if we close below there, then you are I imagine I was saying, you know You're looking down towards these these levels that doesn't happen. We close above I mean what an opportunity to get in the longs there and this for me Yeah, and we'll have a look at T notes as well, which we don't usually go through don't really know why but This for me is saying everything about this not being a risk move. This is purely dollar This is the you know people say all the people forgot about the end being a safe haven. Well You know, why is it? Why is it that, you know, this move isn't anything to do with being a safe haven It's the dollar strength thing elsewhere and now we're above this level You know, we've got long here or we've got short You know, it's that sort of line in the sand that we've always been talking about the clothes of the weeks above We'll have a look at the month of course, you know, this is then the next resistance point this little breakdown that we had We actually push through push through on the 14th of September And those levels look to come in and then really I would say the next point are all those highs Which will just mark up. I'd say that'd be an obvious target before you start looking towards this triple top that we had on The daily on the weekly clothes. Sorry. It's for dollar yen I'm expecting more dollar strength. So let's just have a quick recap of the the currencies euro I mean, okay bit of support, but it's not looking good. And as long as it stays below 117. It continues down for me The pound okay in a bit of limbo, but can you get long right now? Probably not continuation downside below 126 71 Aussie dollar doesn't look good for, you know Any balls and likewise with Well, the dolly and I was obviously the other way around so any yen balls against the dollar doesn't look too good And I'd say we get a push here, but daily closes our key monthly closes a key We hit this level we reverse and then suddenly finish the day below this, you know, middle rectangle, which I'll just highlight then things can can go go lower here. So, you know risk management is obviously the most important thing But you know trade what you see and the month will the month then will show a lot of that and quarter, of course equities Don't know why that's not showing so let's just bring in Let's just bring in all my internet has decided to pause So while it's hopefully picking up we'll see if we can have a look at any of the other charts Which don't want to to load just now, okay? We've got one here on copper. Yeah, so this was you know Don't know why there's a bit of a gap here. This is on the week That's why so I mean that week doesn't look good at all does it for the copper And this is you know a bit of dollars dollar strength really hurting commodities here So this high goes breaks above, okay doesn't quite find support I mean doesn't quite, you know finish that week below but now it does it's Not paying in a pretty picture whereas beginning of last week. It pretty much look quite nice So yeah for if I was long copper and had been for a while The way we finished last week would make me want to unwind Most of that position I would say Let's just have a quick look to see if we if we got the internet back Not quite yet. Okay. Well, here's one chart That doesn't want to load up just yet. Well, we'll give it a couple of moments And if it doesn't load up, I'll just put this into two different videos, which isn't a problem Give it a minute or so Okay, doesn't want to load up this yet. So I'll do it in two videos, but guys just to reiterate Please please do feel free to reach out to me at any time during during the week Just you know, you can you can send me a message Via Twitter my DMs are open and I'm posting, you know, a lot more Charts than I have normal normally now I'm gonna start putting some ones in the morning and an afternoon as well and just on that just as I was about to get clothes The S&P decides to awaken. So let's have a quick look and go through that here The way it finished look, you know, I'm a I'm a big equity bull longer term You know, it's it's something I like dips to buy I'd love it to come down lower for, you know, my longer term ETS to get in the way we finished on on On Friday is is positive. It is okay It finished above this low that we had from the pre on on the ninth just okay, but not not massively It didn't quite get to this level The 31 78 that we marked up, which is a bit of a worry I'd like to have seen that break and come back much like we saw in the yen I'd like to see that on the S&P to get inside But yeah, you can see where we're above also with the the Moving averages on the equities worth having a look at your 100 days because they did come into play Across the board there. So a bit of support on those so keep a watch on that Going into then to the to the new week and of course month as we do I would Would mark up this resistance point? I mean for me, you know 34 14 is is where I said finish above there And it's all-time highs and it hadn't come back lower. We closed below I mean, look how beautiful this is turns to resistance and we come back down to it towards this area above 33 14 and you got to be positive US equities But that said, you know if it does hit it fails to break Then I think we can really push push to the downside and then I'd be looking 31 78 and you know clothes below there is 3100 it's at that point the 200 day moving average would come in and I think that is a good opportunity to buy like I said I can see more dollar strength coming and I don't think the Fed I don't think the market is low enough equity wise for the Fed to really come out and say this that and the other I mean, it's Set 8% off of the high. That's nothing. Is it really? But yeah, that's how I would look at look at the S&P the NASDAQ I mean again looks looks good finished above these lows and You know tech is gonna outperform and it can be a great lead here So I would say you got your 50 day moving average Which was fantastic on Wednesday along with the Dow a close above there is is solid If you want to be late to the party, it's like, you know, same same area in the S&P I mean these charts look the same of course they do if we can get finishes above You know these areas then you know we push on and this is what is very key You know when we do test lows, do we close below? That's a great opportunity to have got in and Friday continued that momentum. Yes It's in a bit of limbo. This is your line in the sand 50 day moving average if that we get close above Technically speaking, I think we then obviously touched the 21 day and the last high that we had from you guessed it The Fed meeting and above that and it's all-time highs. We hit this level. We come back lower I would then obviously move this line back down to the what loads of the week and we have a lot of resistance support, sorry, I should say From the 24th of July the Dow is the same you can see. Oh Let me get the moving average cross on we should see the 50 day moving average yet. When is days high? I mean look at that. It's lovely. Gotta have that on It finished Friday Bang on the low the of the night so out of the free it's It's the NASDAQ that looks the best, but they've all got resistance just a bit above But it is positive. It's a lot more positive than it looked last week And you can see here we the 50 day moving averages for the down the NASDAQ a massively important 3414 is when by the time it gets there You've also got to start talking about the 50 day levels to the downside remain That the same ones that we've had on all week the DAX Break of the trend. I know a few people in the comments last week were saying they like to look for that Could you've got in after that daily close? It was pretty much then flat so tricky one for Those who are more patient more aggressive on the break of of the trend line obviously it's great and you know sometimes that training is of course Rewarded could easily have a sort of wrist D wrist as we got down to that 31st of July low didn't finish too well But it finished a lot better than than it was as we came into sort of midday So decent little pullback probably dragged higher by by US US equities As well going into it. We've got those levels. I mean, I would have this high on it Yeah, I'd have this high on here, which marks now that the higher the 23rd I probably would remove this level and I'd say I'm not a massive DAX trader, but it's almost like I'd be interested in A long or short based on below and above obviously just being aware of that previous trend line and also 13 Thousand I think is actually now looking at that quite a good place to go short. So for the long I mean, yeah, of course, it's great if you get it and right. It's the all-time high I would just prefer to look for long equities elsewhere I think there's too much of a risk with one resistance level to With the trend line and free with with this point here, but we'll see how it how it goes gold Yeah, break of the trend goes down and you know, I did a poll I did a poll and asked is gold along here And I think it was it was Thursday and with reason we were sort of I was saying that is because of this level When I did last Sunday, you'd think, you know, okay, this would be a target great target And that would have been the next point. We hit that find support. Is that the low? Is that the low now? If I'm expecting more dollar strength, which I am I'd say there's a bit more downside to come here So this is markup some of these levels the low from what is the 14th of July and all of those wicks as we came back down You can see this market has quite a bit of support below I think I don't necessarily think we can come back down towards 17 17 I think 1800 the previous sort of high that we had from April that could be a point where I like the look of the long I also, you know with with these With these, let's just remove the text With these moves that have pushed down like that you might expect to continue to go on It's always worthwhile just having your levels where you say, you know, what anyone that's short Probably doesn't want to be short Above 1885. So that's kind of the you know clothes above there I think we can then push on obviously doesn't mean we then go to the all-time high again Because there's a lot of resistance levels in the way And you obviously you do risk as you go But it just means that it's just going to stall that that bigger push to the downside clothes of the day week Month quarter below 1850 and it's a different story and it's a different story. Let's have a look at oil Let's have a look at oil Not quite sure why we have on the The arrow probably because where it finished wasn't it and that continued to push down came to Yeah, this area of support which you'd have on nicely marked up if I do say so myself and it's decision time now Okay, so we've got a couple markets gold Equities and now oil which are very reliant on a decision above or below these points that we mark So I'm I'm bullish above 41 49. I'm bearish below 38 70 things unwind throughout the week comments come out inventories for oil And comments. I'm sure will be a plenty But the way that finished there's a lot of indecision there for me There's a lot of indecision. I think you would have had a lot of people that take profit on This area here. That's a bit annoying that my lines have all gone elsewhere But yeah, if we we close below or above, I think there's gonna be a decent opportunity Either way I said we look at T-notes just to wrap it up. Sorry for dragging on a bit this week That is a sign for me that you know, this market can't rally on No, it's coming down Then you know, it's certainly not for me a risk-off move that said you could argue the same You know the dollar is strengthening why a T-notes not going higher It's it feels like something's coiling up doesn't it it really does which way is it gonna go get your answers in there In the chat T-notes higher or lower. What happens first? Do we push down towards the double bottom that we saw last test about the 28th of August? Or do we go to the highs that we had back on the fifth a or b? You know, let's just call this level a I don't think we get these next week, but Let's have a quick quick look at those what happens first you'd argue. We're likely to see a But if dollar does really start to strengthen then this can come under pressure As well so decision time not much happening more exciting markets elsewhere in in summary Just be aware guys. You've got the end of the month on Wednesday, which is also the end of the quarter the euro and couple of the other pairs Don't look great But do have a bit of support just below so just bear that in mind the S&P NASDAQ and Dow keep an eye on those 50 day moving averages gold oil all very well set up Dax I personally would leave that alone a touch unless you're already holding a tray, of course Anyway, guys, hope it was good if you're watching tonight. I hope you enjoy your Sunday if you're watching tomorrow I hope you had a good weekend and I'll catch you all Next week or over on Twitter