RedstoneFx Analyst

Redstone Technical Report 12/1/2021


The pair is still maintaining a movement between the boundaries of the upward channel over the 4 hour chart.

The pair broke the support 1.3530, so it may continue to decline towards 1.3400 – 1.3350 levels. In case the pair rises above 1.3640, it may test the 1.3700 – 1.3780 level.


The pair pulled back today and broke the support at 1.2200, so it is possible that the decline will extend to 1.2125 – 1.2050 levels.

Resistances levels are 1.2200 – 1.2280.


The pair break the descending channel and surpassed the upper bound of it, and the pair is likely to continue its rise to levels of 1.2850 – 1.2950.

Support levels for the pair in case of a decline at 1.2650, which breaching it might target 1.2525.


The pair is trying to test the 104.50 level, which represents the upper bound of the descending channel, and by surpassing it, we may target 105.60 / 106.00 levels.

Support levels are 103.60 – 102.50


Gold fell below the levels of $ 1900 and broke 1860 and succeeded in reaching the target of 1820 dollars, but it was able to maintain it and bounce from it now to the levels of 1855 and we expect it to rise to the highest levels of 1860.

The support level of 1820, if broken, we may target $ 1764.


Oil rose and reached the target of $ 52.50, but retreated from it slightly, and is likely to retreat to test the support level of $ 49.00.

If it succeeds in surpassing $ 52.50, it will likely target $ 55.50 levels.


The Dow Jones index fell from the top of 31255 and established a support level at 30800 that is likely to test the top again, and surpassing it, we may target 33000 points.

Support levels are 30800-30400.

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