Weekly Market Analysis

Names: Marachi M. Madugba and Abimbola Ogunmuditi

Period Outlook: August 31 – September 4, 2020
Asset: XAUUSD

Long-term Trend (D1) Medium-Term Trend (H4) Short-Term Trend (H1) Strategies/Remarks

Bullish  Single MA 100 – Uptrend  Single MA 50 – Uptrend  Single MA 20 – Uptrend  Using the Riding the
Sentiments  Double MA 100 vs 50 –  There was a presence of a  Double MA 20 vs 10 – Trend Strategy, the
Uptrend Bullish Impulsive Candle Uptrend Filter Chart on D1 is
 Dow’s Theory – No clear  Dow’s Theory – Uptrend showing an Uptrend
Trend while the Trading Chart
on H1 is showing an
Uptrend as well. I will
wait for the best
possible Entry Point as
soon as the market gets
to a Pull-back phase to
ride the trend (while
being mindful of the
Bearish Impulsive
Candle that showed up
earlier.
 H4 Riding the Trend
entry already in place
using the weekly chart
as filter
 Alternatively with the
presence of the Bearish
Impulsive Candle on the
Long term Chart, I will
wait for a possible trend
reversal to enter a Sell
 Trade using the Failure
Swing Strategy.

Bearish  There was a presence of a  Double MA 100 vs 50 –  There was a presence of a

Sentiments Bearish Impulsive Candle Downtrend Bearish Impulsive Candle

LONGTERM CHART
MEDIUM TERM

SHORT TERM