RedstoneFx Analyst
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Redstone Technical Report 2/4/2021

EURUSD    Up up.png

config.png First Scenario 
Buy the pair around 1.1760 with a target price of 1.1850

Alternative.png Alternative Scenario 
Sell the pair around 1.1710 with a target price of 1.1625

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

config.png First Scenario 
Buy the pair around 1.3820 with a target price of 1.3925

Alternative.png Alternative Scenario 
Sell the pair around 1.3760 with a target price of 1.3655

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

config.png First Scenario 
Buy the pair around 110.35 with a target price of 111.00

Alternative.png Alternative Scenario 
Sell the pair around 109.90 with a target price of 109.20

Comment.png Comments 
Trading above the support line favors the rise
US30 Up up.png

config.png First Scenario 
Buy the index around 33100.00 with a target price of 33450.00

Alternative.png Alternative Scenario 
Sell the index around 32850.00 with a target price of 32450.00

Comment.png Comments 
Trading above moving averages and the support line favors the rise (Early close)
USDCHF Down down.png

config.png First Scenario 
Sell the pair around 0.9420 with a target price of 0.9340

Alternative.png Alternative Scenario 
Buy the pair around 0.9470 with a target price of 0.9550

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

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