Weekly Review | 27 September 2019

XAGUSD Possible Buy 

Weekly Review

Technical Observation

SInce  June this year, XAGUSD has been in an active up trend and is still showing signs of continuing even higher. While the price is still above the three lines acting  as the components of the Alligator trend Indicator attached, I expect a possible momentum to the upperside. On its way to the upperside, the key lines to look for include 18.860, 19.530 and 20.121. If the price breaks above the last target, then I'll expect a momentum further to the upperside with the next ideal take profit at 21.12.

Trade Recommendations:

Silver is a buy from 17.530 with your tp at 19.530.

XAUUSD A Buy

Weekly Review

Technical Observation

Gold is trading within a range not going below 1485.75 or above 1575.12. While the price is contained within this range, I choose to trade reversals only. I'm basically waiting for a bounce from 1485.75 to pick a buy or a bounce from 1525.12 to pick a sell. On this chart, I'm looking at the following levels for trades 1485.75, 1525.12 and 1555.01. On the 4 hours chart attached, if you didn't buy a bounce from 1485.75, wait and buy a break above 1525.12 with your take profit at 1555.01.

Trade Recommendation:

Buy a break above 1525.12 with your take profit at 1555.01.

CAC40 weekly review

Weekly Review

Technical Observation

Since 15 August 2019, CAC40 has being on the gaining end. The end of last week, saw the price of this index hit an all time high 5694.1. While the price is contained above the three Moving averages acting as the components to the Alligator trend indicator, I recommend looking for low risk buy orders. The idea is to look for a buy now, rather, wait for a pullback towards 5617.5 to pick a low risk buy order. And in case the price breaks below 5584.4, then that will mean we're continuing downwards.

Trade Recommendations:

Buy CAC40 towards 5716.4

TRADE METALS WITHOUT SWAPS!

Imelda Maseno
Analyst of «FreshForex» company
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