 Hi guys, happy Sunday. I hope you've all had a lovely weekend and looking forward to the week ahead Haven't been on for a while, but it's good to be back and we'll do the same routine as before go through each of the markets One by one any new ones that you want for next week to put them in the comments below and Feel free to follow me on on Twitter the handle that you can see Just below me snore 19 and feel free to Ask me any questions via my my DMs on there as well And just having a look here then at Euro to begin with I always think it's Useful to start as a complete blank page and I was speaking with with Alex on Well Friday actually so it was a couple of days ago. We've got our Professional program traders which start on Monday, but we were talking about just trend lines and actually in the Dixie But here we've got the euro going back to its inception in beginning of the Millennium, but the the all-time high trend line which you can see matched up to The 2014 highs we are actually above there It's quite messy and and we were sort of saying with the trend lines You want to see a decent push lower you want price to come down sharply like we saw here And we're hanging around there and I have to be honest I am in two minds about where I think the Euro and The dollar are going to go in the short term It wasn't too long ago that I was thinking we're gonna break it and it's gonna go 120 again 125 on the futures Then last couple of weeks. I've been more leaning towards we go 116 again Ultimately keep an eye on your dollar index because that can obviously tell you a lot But each of these pairs that we go through might just show a different pitch You can see how choppy that trend line is there for me I'd almost say that's now not even worth having on but on your longer time frames It would be going to the daily chart then well just before that you can see on the weekly We're really just rangeband for me. That's you know, not interesting and I would I would say how it looks at the moment You've got quite a clear midpoint 117 60 and then to the upside 1925 and obviously this low that we had this is called it 116 and or which we've had good price action around for me It's all about those two the way we Moved off the 117 level it gives me a bit of confidence that we can Start to push on but until we break above or below These two points. I'm really I'm really in two minds. Let's go have a look at the daily chart anyway just to Bring that into picture and you can see the reaction that we had last week on the the last week the 11th of No, then that's the last two Wednesdays ago. I was actually in a short What at the time I thought was lovely and an intraday break around here Yeah, it's hit this this midpoint, which has been so good and we pushed higher since How we finished Friday for me? Yeah, it's just wait wait and see unfortunately. I know FX at the moment has been slightly tame Especially compared to say other markets, but yeah for me It's about three points and really two that are close to one nineteen twenty five Can we get a weakly close above there or can we get below one seventeen? sixty to the the upside obviously worth is having on the 118 99 it's called it 119 every year as well one two three Recent tests in four days of that point and it's held well and then to the downside you can see 1821 so that's like a little mini range That I'll be keeping a watch on if we break the lows then you know I think another test of one seventeen Sixty comes in and while you do obviously have a couple of smaller levels below That's when you could start looking at the one sixteen handle coming back in again Ultimately, I would let the market in this case. Tell me what what's gonna happen and Weekly closes. I think will be will be the main thing to keep an eye on Bias for the week for the euro I Don't have one. I don't have one in terms of direction However, a close on the day or some decent breaks above that 119 handle I'd be looking for longs and if that is the case and I think a short squeeze up to 120 could happen Just be aware of ECB comments if we do break the low that we had from Well, the 16th was the Monday wasn't it Monday and Thursday then we could be in in action Handle again, but yeah, I don't have a view right now for the pound Slightly different. I'm actually Just mark this up. I'm actually a bit more bullish on what I am more bullish on on the pound reason being nice Nice break above here, but first let's just have a look at the the weekly chart for the cable here Just remove all those lines and and sort of draw out. You can see there's there is an awful lot of resistance On this whole point for for the pound one thirty four I mean you can go back here and look towards, you know years gone by and see this is Brexit, but yeah, just just a little bit above where we're trading massive massive level resistance the dollar is Obviously the most important thing currently wise to keep an eye on at the moment. It's on that multi-month Multi-month trend line and that gives way and we have the idea that a deal is going to happen We start pricing that in I think we can really push on one thirty sevens and one forty So I think the risk reward of that trade is interesting. It's certainly Something I would be thinking about and this week The way we finished last week. Let's just go to the the daily chart I am actually pretty comfortable in in you know going out and saying at least in the early stages from a technical point of view I think the pound could push on reason being the first close we've got above this level Since we broke above it on the 28th of all as you can see it then acts as good resistance on the way down Okay, another test another test on the 18th, but we finally closed on now You would also have to say this can't really take place until we break maybe above this this trend line, so And the way I would look at it is if we break above Friday's high There could be that whole short squeeze you're targeting 132 133 28 which this lovely double top and then it can push on 134s And that's when people don't want to be short this market anymore So I would still just be waiting just be waiting, but a break above there And I think it gets interesting to the downsides I wouldn't be looking to get short Until we close below 131 84 We have done there on the 12th, but you see we come into the next level support So with FX at the moment these big moves while the dollar index is coiling up and there could of course be big Moves to happen. I would still have realistic targets the euro on the break lower You can see it hits that point It's no real momentum yet If you're long from the 11th for you got in after it fell to break low and you got in the 12th You probably would be taking profit You know, it's not a massive trade for the pound I think the matter of trade comes if we can get those closes above 133 basically to the downside 131 84 goes. Yeah, just be aware the 131 hand or good support has to be a zone though with the high that we got from the 3rd of November Just Interesting day that was But yeah break of that Then I think you can get a bigger move to the downside be targeting all of these points here second of October To the second of November I mean what a long you could say that was on the sort of day before election for a number of these dollar pairs You don't have to be a bit of a gambler to take that on though. But yeah, looking at this pound bullish above 133 I bullish For the beginning of the week Now that doesn't mean at the open I'm buying But I would be interested if we can start to push above this trend line in 133 So the downside I think it's got a break Friday's low It's got a break the 21st of October high Which is also the low that we had in the 4th of September before I could really start getting interested in in some shorts Nice little trend line I think worth having on if we do get any momentum to the downside you can see here It's actually probably goes down to the 18th of May low, but nice trend line here really for me This starts the 30th of June and Yeah, I think at the moment the balls are in control. I'd rather be long right now Then sure one market that I am sure is is the Aussie dollar stop above these highs Tiny bit off side on this position I got in on Thursday and I Don't know it's it's my personal way of trading and having a look at the stats and doing all these kind of things I very rarely interfere with a trade once I mean Unless there is you know massive data coming out or Comments that change the fundamental picture or correlated moves. So for the Aussie. I'm sticking with it I Think like me anyone sure has got their stops above here Just to give that information out there to everyone Yeah, I think you know a close of the day above 73 27 that's when you can get that that push that continued push to the upside You start looking at the the high of the year again What happens if that high of the year goes? Well, it's put it on to the weekly chart You can see the significance of this whole region going back to 18th of August 18 So quite a lot of resistance just a bit above there and there could still be another opportunity to get in For a short if it was to squeeze up. So just be careful of that to the downside any Aussie dollar Shorters You want this zone to break the lows that we had double bottom 13 for 12th of November and also the high of the election The fourth of November it is in a bit of a range here. We did reject the The lower part of this on Friday were contained. We didn't necessarily finish up at the high Yeah, if not in a trade you're waiting you're waiting and I think the trigger is is a nice daily close Above here, and then you're looking for the longs Or it's below and you're looking for those short targets to the downside So the way I'm looking at managing this trade in an ideal way is midpoint for the long and the bottom of the range Midrange yeah this midrange part point for target one And this this below here, which is you know, this is probably the lowest second November that More the bottom of the range. So that's how I look it. I mean it doesn't the trade doesn't work It doesn't matter. It's still a good risk reward on it and It makes sense for me But yeah dollar index at the moment is is bang on some very important support Right now I say the bulls Relatively happy if they're getting in from the retest of the ninth of October low you see there. Okay one One hairy day, and then you push up you would have de-risked you'd imagine here I'd say no one's in control to be honest if anyone the bulls were I say the pound bulls are in control But key resistance coming up euro I don't like to say I'm not really sure to be completely honest. Let me look at the yen, which You can see it has been drifting down and you know, what about your you know Look these things are always easier in hindsight aren't they but you know look at this is beautiful double top failed Move lower you can obviously have getting in that stop above or you know You wait for you know a key break of say a technical area support You get it on the retest on last Monday you ride it down and you know You come out on on this point here where you have good solid solid support what a Trade that would be and completely would fit in with the way that I trade Trend line here as well. No break. No break. So I'd still have that on I would To the downside obviously just be aware of yesterday last week's low before you've got the sort of it's called it and almost a double bottom on the sick and the the night so that Friday Monday as well if we do get a continued push just be where those loads of the year which would be You know a long stretch gets the the low of the year, but a break below the November low That has to be starting to talk about And then to the upside is looking at any of these previous lows or highs to offer a bit of resistance I you know what to be honest if you like the dollar strength if you like there to be risk on with the the vaccine news potentially You know leading the way of people's opinions about the market. I think this is a good opportunity to get long You know based on that. I wouldn't want it to get long Friday to be honest, and so I'd be interested to see what happens on on Monday or Sunday evening in Two three hours or so But yeah, it's quite interesting. It is quite an interesting area is I mean it's the safer play here is for the longest Wait above, you know this this low that we had on the 16th November a lot of support around here So if we can get a push on and above then I like it I do like it a bit more just gonna speed up. I don't want to take too much of your your time Quick look over at gold for me gold that 1850 it looks fantastic yet again Look at that look at the low. What's the low of Thursday? You bet to 1850 on the nose You'd have probably wanted a bit of a bigger push that doesn't come Into play for for the longs, you know, so I've been always to say in 1888 You know if we can get a close above there then then I like it so for me. It's it's it's a little range here I'm happy to be late to the party and get long, you know once it closes above 1892 let's just call it and then looking for this little figure here this low of the 6th of November I like that and then medium term wise you're looking for gold to push on and I think that's not a bad little play here But me that gets the confirmation above 1892 stop back in in here. You wouldn't want to be long there To the downside 1850 goes just be aware that it could move pretty quick I'm not a massive massive moving average fan In terms of my sole decision, you know, obviously only get in with them In an area, there's a moving average where there's also another Area of support resistance, but the 200-day moving average comes in and around that point and the 1800 handle and some support from the 14th Of July, I think that's not a bad little trade and as well I think that's you know, we'd obviously get a lot of these stops out and offer another opportunity to Potentially get in so yeah worth worth having that on in my opinion if you think obviously gold is gonna Is gonna get that break down Then obviously that could be a point to take profit before you look down to some of the lows from early summer But yeah, that's how I see gold The S&P at the moment. I did not like the clothes that we had on The 18 to rejections of that high You know with the guys in the advanced program that have just finished and then continuing on I've been saying for The week that I wouldn't really be ultimately bearish equities unless we get below 35 22 on the day So that's the area I'm keeping a watch on to the upside the long happens for me above 35 76 Or basically Thursday and Friday's high that happens I'm all for all for the longs to the downside then where would the sort of target area be? 35 47 on the future. I actually really like a long in this whole region Here 3,400 handle 4405 Would be comfortable to stay in it as long as it stays above 3,382 as well So for me, that's that's the nice area to to get involved at But if you're riding the short these would all be profit targets that I'd be be looking at To the upside obviously it breaks 35 76 the your immediate view has to be towards that all-time high And some of those recent highs that we've had I actually think the S&P is setting up nicely for a bigger move. Have we seen the high of the year? At the moment I'd say No, at the moment I would say no, but below 35 22 I would not want to be long until 3,400 Now that's that I'm kicking myself with the nasdaq for missing out on this long Look at that resistance resistance support support resistance comes back support Probably the most obvious level in the world 11 and a half thousand. What a long Beautiful, you probably get your target straight away as well up towards here Probably, you know, if you are holding any of this position, it's risk-free by now hindsight is always 20-20 vision though, of course But yeah, the way I see the nasdaq now is if not long here You've obviously got a bit of support here 11 700s, let's just call it that sort of support from from last week But I'm not too interested by saying in getting involved. We're sort of getting squeezed both ways you could say as well I don't know bigger moves to come Keep an eye on 11777 as a key level or support I wouldn't want to be long if it does get below there and then I think you come back to this key mid-range point You have a lot of support below there But for now I wouldn't be surprised to see us contain within this range for a bit Just be aware of the top and the bottom. I would go with for the Dow So Dow Jones Did not like the clothes that we had on Thursday similar to the S&P back below the high that we had in the 11th Came back as well to test some resist You know the double top Thursday Friday like the S&P from a technical point of view. It doesn't look too good to me However, if not in a trade, I would only be pulling the trigger on a short I mean really if these lows went as well. So similar to the S&P you've got those lows the Dow These lows here. What days are they? They're gonna be the same 10th of November. That's sort of start date here. It's so So similar are we getting vaccine fatigue as well something to ask yourself the The moves off those headlines have been limited Gotta be I think thinking about the rotation move as well If we do have some ultra-positive vaccine news Nasdaq's to be more susceptible with tech come under pressure The S&P could as well It's more the Russell and the Dow that seem to be performing better double top 30 30,000 who'd have fought it? I would have thought we've got 30,000 back in January and we didn't but yeah You know one to one to have on them We'll wrap it there guys. I don't want to take too much of your time But any questions feel free to hit me up on Twitter or in the comments section I hope you have a great rest of your evening if you're watching today if you're watching tomorrow. I hope you'll have a super week