Weekly Review | 01 November 2019

French Stock's Index 

Weekly Review

Technical Observation:

After retracement up to  the lows of 4597.50, the French Stocks index has been gaining value and is currently rallying within a rising shape formation. While the price is being protected from violating the upperside by the upper trendline, We're waiting for a bounce from this trendline to pick a long term sell order. A breakout above this trendline will mean we're continuing to the upperside and could see price rise even higher with the next ideal take profit being 5861.00 A break above this level could push the price even higher.

Trade Recommendations:

Wait for a possible sell from the upper trendline.

Hong kong Stocks index

Weekly Review

Technical Observation

Currently this index is in an active up trend.  While the price is contained above the three simple moving averages acting as components of the Alligator trend indicator, We expect a possible momentum to the upperside and should break above 27,235.00 towards 29,115.60. As it is on the daily chart attached, only buy positions looks ideal can be recommended. But in case the price breaks below 26,615.20, then this will be a good confirmation that we're heading to the lowerside with an ideal take profit at 25,054.60.

Trade Recommendations:

Buy Hong kong Stocks index  towards 27,555.20.

Silver weekly review

Weekly Review

Technical Observation:

Last week, nothing much happened on this index. We expected a possible momentum to the upperside but then, very little movement to the upperside was seen last week. While the price is contained above the three simple moving averages acting as components to the rising  Alligator trend indicator, I expect further momentum to the upperside but should not go above the upper trendline. If the price successfully breaks above the upper trendline, then this could push the price even higher.

Trade Recommendations:

Buy Silver towards the upper trendline.

 

Imelda Maseno
Analyst of «FreshForex» company
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