Meet our mentors

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experience between them, you are in good hands. Our traders are
experienced in all financial markets.

50+ years 83,000+ students

Over 50 years of combined More than 83,000 students
experience. from all around the world.

Max Norbury
Max is a diligent and proactive
individual with a wealth of
experience in technical and
fundamental analysis.

Andrew Lockwood

Andrew is a former pit trader who has

successfully adapted to the world of
online forex trading over the past 30
years.

Mark Bennell
Mark is a Certified Financial
Technician (CFTe) with over 15 years
professional trading experience.
 Pairs in spotlight this week (1/2)

US30 DJI Analysis:

We remain long green and

Direction
strong with the US stocks this
week as there continues to be a
LONG lot of cheap money available and
no signs of rising rates.
Key Level(s)
Following a breakout of the
range, we are eyeing up 36200.00
36200.00
as our next key level.

Chart:
 Pairs in spotlight this week (2/2)

GBP/NZD Analysis:
Price is currently in an
Direction exceptionally interesting area.
Direction
From here we believe there are
NEUTRAL two possible outcomes. First is
for price to rise with the range
back to 2.0000.
Key Level(s)
Second is for price to fall to
1.96000 1.92800 at the lower limit of the
previous range.

Chart:
 Mentors’ top picks
Pair: AUD/JPY
Direction: LONG

Analysis

The fundamentals continue to point to

‘Risk On”. The S&P 500 continues to flirt
with all time highs. ‘Risk on’ usually caps
any JPY strength and supports
commodity currencies. Technically
speaking, this pair has breached
resistance.

Last week’s bullish daily engulfing

pattern indicates a continued move
higher is likely. Looking at 81.50 as the
next key level.
 Mentors’ top picks
Pair: XPT/USD
Direction: SHORT

Technical analysis

Price seems to be in a falling

wedge pattern after establishing
an excellent descending level.

I am expecting this level to hold

this week and price to fall back
down to previous lows at
approximately 980.000.

Should the USD remain buoyant

into Friday’s NFP, this will assist
my bias.
Currency Strength Indicator

$ USD

¥ JPY

A$ AUD

N$ NZD
Plenty
The
USD USD
biggest
chart
going
– The continued
weeklyto
attempted gain
on
Dollar Index to
breaksince
this
grind
continues
into June.
week
higher
However,
a downtrend
with
posting
the weekly
the
the has
however dollar
latest
an impressive
uptrend and continues
story
since
NFP
weekly gain
to pause
is a ‘double
pushed
forecasts
at resistance.
higher from
theshowing
of 1.25% inPrice
edged’ one Of
this level.
DXY.
on
at note
theThe
daily
the moment.
though is
us
that
Theshort
the analysts
latest round
term believe
of Jobs
bearish data out
pressure. less jobs
of the US waswill
verybe added
positive, to to
leading themany US economy
traders pricing in an
than
earlier
the delta
EUR
the
asset previous
purchasing
variantchart
– The weekly is seen
month
tapper
astechnically
is still
which
programme.
also supporting
Thisultimately
the dollar
in an uptrend with
however thethe
shows
is a positive story
aid ofterm
shorter theprice
a
for the USD. bit
safe-haven
Theof a rise of
rapid
action isflows.
downturn
attempting to move ininto
the overall
downtrend and economy. However,
has recently tested there
support. Price has rejected has been
support on the adaily
running
However,
chart the
and shows
theme with these numbers of the course of the last few
rapid spread
a retracement isinlikely
play. to hamper, to some extent, the growth outlook picture which is
potentially going to cap any further significant gains. Markets are keenly awaiting guidance on
months
the
GBP path ofhas
– Price with
potential forecasted
continuedasset
the purchase results
uptrend ontapering
the weekly being
from Fed
chart beaten
andChair
has Powell
pulled by
when
back actual results
he addresses
demonstrating the time
and
Jackson time
Hole
natural pausing
and thus selling
continuation
again
conference soif he
at I wouldn’t
the end
action. After successfully
pressure
formation with price expected
of the
breaking
sights the
be so
week. I
resistance
to variant
quick
would
spread
break from
on the
toand
expect assume
the USD
daily chart,
to be of ‘concern’
this formation continuefor the
the
pricetoisfind
analysts
some
pausing in aresistance
theuptrend
US economy
are
classic ABC
soon.
correct.
going forward. The likely bias for this week is for a softer USD into the weekend.
JPY – Price on the weekly chart has been showing bullish momentum for some time and has tested the trend
Last week
change pointthe
andKiwi was sent
rejected into
sharply shock mode
downward. There as the
is no delta
follow variantsospread
through far from(3this
cases) allowed
rejection the has
and price
The US has NOT been suffering from poor economic data trends
RBNZ
resumedtothe
hold ratesmomentum.
bullish unchanged after
This the
could beanalyst had
signalling predicted
a risk a .25% rise. AUD was down over 3%
off environment.
and
in shows
the week
resilient.
CHF – The The
arate-hiking
against relatively
Kiwicontinues
uptrend story
on the
good
the USD on continued
has chart
weekly
recovery
lockdown. The
not gone away.
and has
underway
Australian jobwith
There
pulled backisnaturally.
a respectful
numbers
Price bias
markets
that
on the
were quite
these
daily
soaring
commodity
chart and
is attempting tocreating
currencies could
change find
trend, higher
however duehighs
some support this
to the almost
week as
sharpness of the
theon USD
sellaoff,gives
daily basis.
back
a V reversal some It is with
ground.
this
The
formation
information
EURO, is expected
in
the mosttoactively
form and
mind
traded that
currency
demonstrate
I believe
against
bullish
the
the USD,
momentum.
trend
would could
normally
casualty in the dollar strength, however, it has retained its relative strength across the basket.
be likely
the main

continue
CAD andback
– Price has pulled theondata might
the weekly come
chart, the uptrend out stronger
remains in place though.than forecasted
The large
once again.
pullback on the weekly chart The EUR
has could
resulted be
in considered
price for
on the daily a buy this
maintaining week
the against
downtrend, weaker
however currencies.
the trend
change peak has been tested for the third time and this week could possibly be broken.
The GBP does indeed fall into that category.
Aside from this, we also have numerous sets of
So a price
AUD – The weekly chart shows quietcontinuing
week on the
on the Jackson
thestrong
economic
Hole
front for
downtrend.
ononThursday.
this
After week.
a pause
The USD,
forThe
twomain
having
weeksfocus will be
enjoyed a terrific
price appears to be resuming the downtrend. A steady trend the daily chart is in play and price is expected to
manufacturing data coming out for the Euro,
run could
continue downtrending after breaking a trough in thebe in for
recent some resistance pressure to the downside.
pullback.
Pound and United States Dollar. This
Pick your trades accordingly and always trade your plan.
NZD – The weekly chart shows price maintaining the downtrend, however we are seeing a
information
large will
ABC structure that mayact
soonasshowa agreat leading
move to the indicator
upside. There is bullish
as to future
momentum growth
in the short and
term. Price ultimately
on the interest
daily charts shows rates.
a basing structure
with a newly developed uptrend in play which may in turn pull weekly price
action upwards if it can continue the bullish momentum.
We also have some CPI data out for the Euro on
Tuesday which I will be particularly interested in
given it could give us a line of sight into the
bigger picture surrounding inflation and the future
of the ECB’s interest rates.

Above all else though, eyes will be focused on

the NFP and I would expect markets to run
relatively quiet into this week’s NFP.
 Weekly data releases
Every week, world economies release important pieces of
data that affect the movement of the markets. Some more
significantly than others – here are the most important
ones we will be looking at this week.

USD
02/09/2021
Initial Jobless
Claims at 13:30
GMT.

$
$

USD
03/09/2021
USD Nonfarm Payrolls
(Aug) at 13:30 GMT.
01/09/2021
ADP Non-farm
employment
change at 13:30
GMT.
 What’s on in the
trading room this week?
Trade ideas, live streams, workshops, discussions,
new strategies and much, much more!

Max is back on
Make sure you catch
Wednesday with his
Andrew talking
stock scans and
markets with a
updates on previous
community member!
ideas.

Don't forget to catch

Mark on the charts for
his Wednesday
workshop!

Disclaimer

The information provided in this report is intended for educational purposes only and is not to be construed as investment advice. Trading foreign
exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to invest in foreign exchange you should
carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain the loss of some, or all
of your initial investment. Seek independent financial advice if you have any doubts.