RedstoneFx Analyst
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Redstone Technical Report 2/3/2021

XAUUSD Down down.png

config.png First Scenario 
Sell gold around 1725.00 with a target price of 1692.00

Alternative.png Alternative Scenario 
Buy gold around 1747.00 with a target price of 1785.00

Comment.png Comments 
Trading below moving averages and the resistance line favors the fall
XAGUSD Down down.png
config.png First Scenario 
Sell Silver around 26.25 with a target price of 25.20

Alternative.png Alternative Scenario 
Buy silver around 26.90 with a target price 28.00

Comment.png Comments 
Trading below moving averages and the resistance line favors the fall
USOIL Down down.png

config.png First Scenario 
Sell Oil around 60.10 with a target at 58.70

Alternative.png Alternative Scenario 
Buy Oil around 60.90 with a target at 62.30

Comment.png Comments 
Breaking through the support line and trading below moving averages favors the fall
EURUSD Down down.png

config.png First Scenario 
Sell the pair around 1.2035 with a target price of 1.1920

Alternative.png Alternative Scenario 
Buy the pair around 1.2100 with a target price of 1.2215

Comment.png Comments 
Breaking through the support line and trading below moving averages favors the fall
GBPUSD Down down.png

config.png First Scenario 
Sell the pair around 1.3900 with a target price of 1.3770

Alternative.png Alternative Scenario 
Buy the pair around 1.3975 with a target price of 1.4100

Comment.png Comments 
Trading below moving averages and the resistance line favors the fall
USDJPY Up up.png
config.png First Scenario 
Buy the pair around 106.75 with a target price of 107.50

Alternative.png Alternative Scenario 
Sell the pair around 106.30 with a target price of 105.50

Comment.png Comments 
Trading above moving averages and the support line favors the rise
US500 Up up.png

config.png First Scenario 
Buy the index around 3880.00 with a target price of 3940.00

Alternative.png Alternative Scenario 
Sell the index around 3845.00 with a target price of 3810.00

Comment.png Comments 
Trading above the support line favors the rise but breaching the resistance line is required to confirm the trend
USDCAD Up up.png

config.png First Scenario 
Buy the pair around 1.2680 with a target price of 1.2765

Alternative.png Alternative Scenario 
Sell the pair around 1.2640 with a target price of 1.2560

Comment.png Comments 
Breach in the resistance line and trading above moving averages favors the rise

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