23 July 2020

223 July, 2020Source Tradingview. The figures stated are as of the 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not

contain and is not to be taken as containing any financial product advice or financial product recommendation

S&P500

• Following this week's breakout above the 3230/40 resistance zone, a positive bias is in place.

• Providing the S&P500 remains above near-term support 3190/80 and medium-term support 3150/30ish the expectation is for the rally

to test and break the all time high from earlier this year at 3397.50 before extending towards 3500/3600 into year end.

• Keeping in mind should the S&P500 fall back below support at 3190/80 and then below 3150/30ish, it would negate the positive outlook

and warn that a retest of the 3030/2930 support is possible.

• Short Term Summary: Leaning against near term support at 3190 as well as M/T support at 3150/30, a positive bias is in place

323 July, 2020Source Tradingview. The figures stated are as of the 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not

contain and is not to be taken as containing any financial product advice or financial product recommendation

AUDUSD

• The break above the June .7064 high is a positive medium-term development and sets the AUDUSD up for a move towards .7500c.

• The plan now is to wait for a corrective pullback to enter longs. This might take a little while to play out.

• In the meantime, buyers would be expected to emerge on dips towards the .7064 high and at stronger support in the .7000c area.

• Keeping in mind a loss of support at .7000c would be an indication the breakout has failed.

• Short Term Summary: While above .7000c a positive bias is in place.

423 July, 2020Source Tradingview. The figures stated are as of the 23 July 2020 Past performance is not a reliable indicator of future performance. This report does not

contain and is not to be taken as containing any financial product advice or financial product recommendation

EURUSD

• Last week the EURUSD was able to post its highest weekly close since January 2019. This was viewed as another medium-term

bullish development.

• In the short term we are mindful of the bearish divergence creeping in via the RSI and note that overnight the EURUSD found sellers

operating near 1.1596 which is the 50% retracement of the decline from the 1.2555 high to the 1.0636 low.

• A break and close above 1.1600 would suggest that the rally can extend towards the June 2018 1.1852 high.

• Considering this, our preferred strategy is to wait for a corrective pullback to buy in coming sessions. However we may need to

consider a more aggressive entry if a sustained break of 1.1600 occurs.

• Short Term Summary: While we retain a positive medium-term outlook for the EURUSD, in the short term we are currently neutral.

523 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

NZDUSD

• The break above resistance .6585/.6600c is a positive medium-term development and sets the NZDUSD up for a move towards .6850.

• The plan now is to wait for a corrective pullback to enter longs. This might take a little while to play out.

• In the meantime, we expect buyers to emerge dips towards .6600c and near stronger support .6500c area.

• Keeping in mind a loss of support at .6500c would be an indication the breakout has failed.

• Short Term Summary: While above .6500c a positive bias is in place.

623 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

AUDNZD

• In recent reports we have written about the possibility that the recent 1.0566 low completed a corrective pullback.

• This week's break and close above 1.0700 increased the odds of this and as outlined here the trigger to consider open longs in

AUDNZD in expectation of a retest and break of the 1.0881 June high.

• The biggest risk to this trade is an acceleration of new coronavirus cases here in NSW and in Victoria in coming days,. This is a distinct

possibility and please keep in mind when determining position sizing and placing a stop loss.

• TRADING IDEA: Long AUDNZD average of 1.0715ish. The stop loss should be placed now at 1.0599 and the initial target is 1.0881.

723 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

EURCHF

• After noting evidence of a base forming in EURCHF in early July and with some nice risk/reward on offer we suggested opened a

long EURCHF position at 1.0642.

• Ahead of last weeks EU summit we elected to take partial profits at 1.0750. A break/close above the downtrend resistance at

1.0820/30 is required to confirm that the next leg of the uptrend has commenced.

• Overnight we can observe there has been sellers operating as EURCHF found some rejection from ahead of last weeks 1.0797 high

which does make us a little cautious. As such we will raise the stop loss again as outlined below.

• TRADE IDEA: Long EURCHF at 1.0642. We took profit on partial longs near 1.0750 and have elected to let the balance run for a test

of the next upside target at 1.0916. The stop loss will be raised again to 1.0735.

823 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

USDJPY

• Post the volatility in March/April, USDJPY settled within a range between 110.00 and 106.00.

• More recently USDJPY has been capped by the resistance coming from the 200-day moving average and while below here and the last

swing high at 108.17 a downside bias remains, looking for a retest of the support 106.00 area.

• Should the support at 106.00 see a sustained break, it then exposes a move towards medium term support 104.50ish.

• Keeping in mind, it would take a break back above 108.20, to return to a more neutral bias and to suggest USDJPY can rotate back

towards the top of the range. Short Term Summary: While below 108.00/20 a weak negative bias is in place.

923 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

GOLD

• Following two weeks of consolidation near the $1800 area, the uptrend in gold resumed with a bang this week.

• After breaking above the $1840/50 resistance, there isn’t too much now in the way of resistance until the 2011 high at $1920. Above

here the next upside target would be not until $2000 and then $2400/2500.

• While the rally feels overdone in the short term, this isn’t the time to get in the way of a market moving with such momentum and it

would take a break below uptrend support at $1800 to take the sting out of the up move.

• Short Term Summary: While above uptrend support $1800 allow for another leg higher towards $1920.

1023 July, 2020Source Tradingview. The figures stated are as of 23 July 2020. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation

SILVER

• In early July we noted that a break above downtrend resistance $18.45 would be initial confirmation that a move towards $18.94

then $19.65 and then $21.00 was underway.

• After the explosive 20% move higher this week all those targets have now well and truly been achieved. As such we have taken

profit on our long trade and moved to the sidelines. We will now give this market some time to settle down.

• TRADE IDEA: We suggested opening longs on a break above $18.47 leaving room to add if Silver posted a daily close above $18.47.

Because the break higher coincided with me going on holidays, I didn’t add to the position, however well done for those who did. It

was suggested taking partial profits near $19.40 last week, leaving the remainder for a move towards $21.00. which has now been

achieved, leaving us square silver after a nice trade.

1123 July, 2020

DISCLAIMER

DISCLAIMER

TECH-FX TRADING PTY LTD (ACN 617 797 645) is an Authorised Representative (1255203) of Gain Capital Australia Pty Ltd (ACN 141 774 727) which holds an Australian Financial Services Licence (number 345646).

The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments. Gain Capital Australia Pty Ltd recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets. It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at www.cityindex.com.au, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade. GAIN Capital Australia Pty Ltd (ACN 141 774 727, AFSL 345646) is the CFD issuer and our products are traded off exchange.

TECHFX TRADERS owns copyright of the information and material contained in this presentation/report/webinar. Information may be printed or downloaded for personal use. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or used in any way without the express approval of TECHFX TRADERS.

1223 July, 2020

DISCLAIMER

DISCLAIMER

TECH-FX TRADING PTY LTD (ACN 617 797 645) is an Authorised Representative (1255203) of Gain Capital Australia Pty Ltd (ACN 141 774 727) which holds an Australian Financial Services Licence (number 345646).

The material provided herein is general in nature and does not take into account your objectives, financial situation or needs. While every care has been taken in preparing this material, we do not provide any representation or warranty (express or implied) with respect to its completeness or accuracy. This is not an invitation or an offer to invest nor is it a recommendation to buy or sell investments. Gain Capital Australia Pty Ltd recommends you to seek independent financial and legal advice before making any financial investment decision. Trading CFDs and FX on margin carries a higher level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial investment further CFD investors do not own or have any rights to the underlying assets. It is important you consider our Financial Services Guide and Product Disclosure Statement (PDS) available at www.cityindex.com.au, before deciding to acquire or hold our products. As a part of our market risk management, we may take the opposite side of your trade. GAIN Capital Australia Pty Ltd (ACN 141 774 727, AFSL 345646) is the CFD issuer and our products are traded off exchange.

TECHFX TRADERS owns copyright of the information and material contained in this presentation/report/webinar. Information may be printed or downloaded for personal use. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or used in any way without the express approval of TECHFX TRADERS.