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Weekly Review

Weekly Review | 16 April 2021

Gold Weekly Review

 Weekly Review

Technical Observation

XAUUSD is currently rallying around 1744.2. On the 4 Hours Chart , the previous  candle closed above the previous  152 Period Exponential Moving Average.  XAUUSD_e is currently in a tight  range, not going above the previous day's highest high 1758.59,or the previous day's lowest low 1733.09. If the price breaks above 1758.59 then we will consider a long term buy with our target at 1842.36.  And on the flipside, a sustained move below 1608.59 will  attract sellers with an ideal target around 1122.85

Trade Signal.
We're still sellers towards 1564.40.
 
Dow Jones Weekly Review
Weekly Review
Technical Observation
#DJI30_e is currently rallying around 33770. On the Daily Chart , the previous  candle closed above the previous  52 Period Exponential Moving Average.  This is a possible Indication that we are in an active up trend . This trend is supported by the fact that the price is above  the previous day's Lowest Low 33589. While we continue to see a sustained move above 33589 we expect a surge much Higher with an Ideal Target at 34406.60. At this point, Sell Positions looks a bit risky and may not be recommended.
Trade Signal:
Look for long term buy signals
Australian Index Weekly Review
Weekly Review
Wave Analysis
#ASX_e is currently rallying around 6989.1. On the Daily Chart , the previous  candle closed above the previous  200 Period Exponential Moving Average.  According to the current chart set up and structure, we are in an active up trend on this . We are basically waiting for a breakout above the previous day's highest high 7006.8, to pick a possible long term buy position expecting a possible breakout above 7161.05 towards 7200. If the price breaks above 7006.8.then we will consider a long term buy with our target at 72000.  And on the flipside, a sustained move below 6815.30  will  attract sellers with an ideal target around 6238.3
Trade Recommendations:
Remain  long towards 7161.05.

 

Imelda Maseno
Analyst of «FreshForex» company
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