DAILY MARKET REPORT. Tuesday, December 4, atfx.com/uk/en. 76.9% of retail investor accounts lose money when trading CFDs with this provider

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2 41% 58% EUR/USD 39% 61% 59% 57% 43% 42% Neutral Bearish Neutral Consolidation Neutral Neutral Current Consolidation - Negative Bias Sell 1st Resistance At/Before Price, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support nd Support While the euro didn't outperform those gains were mostly reserved for commodity and high-risk currencies it did manage to finish higher against a retreating greenback whose value prospects took a dent on a drop in US yields. But with the gains minimal, the pair's movements have been mostly oscillatory, and with little real change in retail sentiment as there's been a lack of ample opportunity, as only a few fresh longs taking profit on the small rise up yesterday. And with a dearth of significant Eurozone data, attention will remain on US yields and indices in the aftermath of the US-China trade truce weekend announcement. S/L for 2 nd Support

3 GBP/USD Bearish Bearish Neutral Consolidation Neutral Neutral 31% 31% 69% 69% 67% 33% 68% 32% Current Consolidation - At Short-Term Support Sell 1st Resistance After Reversal, Buy 1st Support At/Before Price S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support nd Support The pound lagged the most amongst the FX majors yesterday, despite a general retreat in safe haven currencies including the greenback, pushing its price closing towards a short-term support level, and with price beneath all its main moving averages. The BoE's Carney will be testifying today, though attention will likely be on the five-day debate in the UK's parliament over the Brexit deal, with the closely watched December 11 vote the item that'll likely infuse heavy volatility into this pair. Retail sentiment remains heavy long, opposite institutional sentiment that's heavy short but reducing short positions. S/L for 2 nd Support

4 57% 20% 59% 41% 20% USD/JPY 43% 80% 80% Bullish Bullish Positive Trending Neutral Neutral Current Consolidation Sell 1st Resistance After Reversal, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support Safe haven currencies lost big, with only the pound lagging the most. And given both USD and JPY fall within that category, the net result was once again limited movement in this pair. The US-China truce is announced, and the specifics will mean more over the next three months, but given both aspects of this pair relate to safe haven, the pair's price will be taking its cue from items that effect each side in a non-general risk way (i.e. US yields/japanese share prices/etc.). From a technical standpoint, as of yesterday's closing price is above all its main moving averages and still for now showing an ongoing propensity to trend via its ADX. But if today morning's plummet past the 1st Support level can stick, then that won't be the case tomorrow. 2 nd Support S/L for 2 nd Support

5 61% 45% 65% 35% 46% USD/CAD 39% 54% 55% Bearish Bullish Neutral Trending Neutral Neutral Current Bull Trend - Stalling Buy 1st Support After Reversal, Buy 1st Resistance Upon Breakout From Below Sell 1st Resistance At/Before Price, Sell 1st Support Upon Breakout From Above S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support Commodity (and trade exposed) currencies were heavy beneficiaries yesterday, and that was enough to send price breaking the bull trend line and channel, and putting a serious dent in its stalling and weakened bull trend where the bulk of its technical boxes are now neutral, and with price crossing below all its main short-term moving averages. The BoC is tomorrow, and OPEC the day after, making CAD moves more fundamental based than technical. Meanwhile, retail sentiment remains majority short, but the price move lower has aided retail trader short positions significantly, with profit-taking on fresh shorts occurring and shorts initiated at lower price levels awaiting further retracement back down. Majority short bias as a result, has dropped 4% to 61%. 2 nd Support S/L for 2 nd Support

6 46% 84% 16% AUD/USD Bullish Neutral Positive Trending Overbought Upper Extreme 44% 56% 54% 82% 18% Current Bull Trend - Initializing Buy 1st Support After Reversal, Buy 1st Resistance Upon Breakout From Below Sell 1st Resistance At/Before Price, Sell 1st Support Upon Breakout From Above S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support The Australian dollar outperformed yesterday, bested only by the Kiwi amongst the FX majors, and keeping this pair's bull trend in tact where price is above all its main moving averages save for the 200-day MA, with price not that far off from crossing it. Retail traders have been the bigger beneficiaries of the latest moves, with retail sentiment moving closer to the middle as more longs take profits, and S&R traders holding onto shorts initiated at the levels. Oddly enough, it's institutional traders that have been significantly hurt by the recent moves, given their extreme short bias in the commodity currency. This morning's RBA announcement kept rates on hold at 1.5% earlier this morning, with GDP figures released tomorrow. 2 nd Support S/L for 2 nd Support

7 31% 50% 27% 73% 49% GOLD 69% 51% 50% Bullish Neutral Neutral Consolidation Neutral Upper Extreme Current Consolidation 1243 Sell 1st Resistance After Reversal, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance With the greenback dented, it was a surge higher for gold, whose movement as of late has been dominated by the USD instead of safe haven. Price is above all its main moving averages save for the 200-day MA, and hovering close to a short-term resistance level. Meanwhile, yesterday's moves benefitted retail traders in this pair, reducing heavy long bias by 4% as shorts from the ~$1200 levels are enticed into closing out. Relative Starting Point st Support S/L for 1 st Support nd Support S/L for 2 nd Support

8 15% 54% 14% 86% 53% SILVER 85% 47% 46% Bullish Bearish Neutral Consolidation Neutral Neutral Current Consolidation - Negative Bias 14.9 Sell 1st Resistance At/Before Price, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support As with gold (and many FX pairs denominated in USD), silver too enjoyed a green finish, taking price above its short-term moving averages that have been huddled close together following months of oscillatory movement in this pair. And while it didn't manage to successfully remain above its 50-day MA yesterday, today's moves have been in its favor, with significant gains possibly capable of shaking off its negative bias. But what the recent moves haven't done is significantly aid retail traders, who hold an extreme long bias in this pair that has been little changed given that the bulk of those longs have been initiated at far higher price levels. 2 nd Support S/L for 2 nd Support

9 48% 21% DOW 30 53% 47% 52% 23% 77% 79% Bullish Bullish Positive Consolidation Neutral Upper Extreme Current Consolidation Sell 1st Resistance After Reversal, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance While the Dow gapped higher taking price above all its main moving averages, it couldn't hold onto those price gains, with moves lower recorded this morning as well for not just US futures, but for the greenback as well. Retail sentiment in this pair has shifted back to majority long from yesterday's majority short bias, though technicals and sentiment will likely hold less relevance as more trade truce details emerge and talks get underway. Relative Starting Point st Support S/L for 1 st Support nd Support S/L for 2 nd Support

10 41% 43% NAS % 52% 59% 48% 52% 57% Bullish Bearish Positive Consolidation Neutral Neutral Current Consolidation 7651 Sell 1st Resistance After Reversal, Buy 1st Support After Reversal S/L for 2 nd Resistance nd Resistance 7209 S/L for 1 st Resistance st Resistance 7097 Relative Starting Point US indices may have gapped higher, but many of those price gains are being undone this morning. The bear trend line for this index has been broken, and the technical boxes are showing conflicting colors with some positive, negative, or neutral, and hence lacking any clear technical direction. As with the Dow, retail bias has ticked higher to a majority long 59%, registering a higher bias than that of institutional traders in the tech index. 1 st Support 6871 S/L for 1 st Support nd Support 6759 S/L for 2 nd Support

11 37% 33% 67% DAX 30 63% Bullish Bearish Neutral Consolidation Neutral Neutral Current Bear Trend - Stalling Sell 1st Resistance After Reversal, Sell 1st Support Upon Breakout From Above Buy 1st Support At/Before Price, Buy 1st Resistance Upon Breakout From Below S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point The gap higher in the DAX wasn t as noticeable as that of the Dow or Nasdaq, with movement more range-bound given the relatively less exposure. That being said, indices are tumbling this morning, with this index's technical overview a stalling, weakened, and retraceable bear trend where most of its technical boxes are now neutral. As for retail sentiment, it has dropped 4% thanks to the gap higher enticing retail longs into closing out, with S&R traders shorting at the short-term resistance level on an anticipation of a move back towards the short-term support level around st Support S/L for 1 st Support nd Support S/L for 2 nd Support

12 Status of long-term moving averages, aids in determining longterm trends for interday trading Status of short-term moving averages, aids in determining shortterm price action for intraday trading Measurement between DMIand DMI+, should be used in conjunction with ADX to determine both trend strength and direction LEGEND Used to determine strength of a trend, Trending showing potential and Consolidation the lack thereof Momentum based indicator measuring speed and change of directional price movements, either in Oversold, Overbought, or Neutral territories Price relative to the Bollinger bands, be it at the Upper Extreme, Lower Extreme, or Neutral Bearish Bearish Negative Trending Oversold Lower Extreme Percentage of retail traders short as of today Percentage of retail traders short as of previous trading day Retail trader sentiment 45% 42% 58% Based on speculative positioning of hedge funds, other major financial institutions, and large traders, from the CFTC s CoT report. 55% 58% 46% 54% 42% Current Ideal Strategies if Technical Overview Holds Ideal Strategies if Technical Overview Fails Bear Trend Sell 1st Resistance After Reversal, Sell 1st Support Upon Breakout From Above Buy 1st Support After Reversal, Buy 1st Resistance Upon Breakout From Below S/L for 2 nd Resistance nd Resistance S/L for 1 st Resistance st Resistance Relative Starting Point st Support S/L for 1 st Support nd Support S/L for 2 nd Support Current technical overview is based on an aggregate calculation of the product s technicals, however as the commentary box will note is less relevant on days that involve significant fundamental data or central bank monetary policy decisions Strategies that complement the current technical overview, though note whether to initiate the trade after a reversal (in the event of more volatility and stop-out attempts), prior to the pivot point (in the event of strong technical movement and/or limited expected volatility), or a breakout strategy in favour of the technical overview s trend In the event of a technical overview failure be it due to a day with significant fundamental movement or shift in technicals the strategies are designed to help the trader navigate a shift with greater ease, especially for those willing to take a contrarian view of the current technical overview The 1 st Resistance is the first line of defense for intraday trading, though in a bull trend technical state could be traded with a buy breakout strategy. The 2 nd Resistance is the second line of defense that is more rarely breached, with the S/L being the stop losses for both resistance levels in the event a trader decides to initiate sell strategies The 1 st Support is the first line of defense in the event of a price drop, but in a bear trend technical overview sell breakout strategies to the downside can be entertained in the event of significant follow-through in price. The stop loss (S/L) for both 1 st and 2 nd Support are in the event buy strategies have been initiated Percentage of net speculative lots that are long as of the Tuesday before Percentage of net speculative lots that are long as of last Tuesday Disclaimer - This information has been produced by a third party, for general information purposes only, and is not indicative of future results. AT Global Markets UK Ltd (ATFX UK) takes no responsibility for its accuracy or completeness. Any opinions expressed do not reflect those of ATFX UK. This information does not take into account your personal circumstances or objectives, and should therefore not be interpreted as financial, investment or other advice, or relied upon as such. You should seek independent advice before making investment decisions. Reproduction of this information, in whole or in part, is not permitted. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.9% of retail investor accounts lose money. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Please note: If you are a Professional client, you are not eligible for negative balance protection and you could lose more than your initial deposit. AT Global Markets (UK) Limited is authorized and regulated by the Financial Conduct Authority (FCA) in the United Kingdom. FCA Registration number Registered Office: 1 st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom. Company No Address: 1 st Floor, 32 Cornhill, London EC3V 3SG, United Kingdom sales.uk@atfx.com Regulated by the FCA 11