RedstoneFx Analyst
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Redstone Technical Report 28/1/2021

XAUUSD H1 Down  down.png

config.png First Scenario 
Sell gold around 1839.00 with a target price of 1825.00

Alternative.png Alternative Scenario 
Buy gold around 1850.00 with a target price of 1878.00

Comment.png Comments 
Trading below moving averages favors the fall but breaking through the support line is required to confirm the trend
XAGUSD H1 Down down.png

config.png First Scenario 
Sell Silver around 25.15 with a target price of 24.40

Alternative.png Alternative Scenario 
Buy silver around 25.45 with a target price 26.10

Comment.png Comments 
Trading below moving averages favors the fall but breaking through the support line is required to confirm the trend
UKOIL H1 Up 

config.png First Scenario 
Buy Oil around 55.00 with a target at 56.20

Alternative.png Alternative Scenario 
Sell Oil around 54.40 with a target at 53.20

Comment.png Comments 
Trading above the support line favors the rise
EURUSD H1 Down down.png

config.png First Scenario 
Sell the pair around 1.2110 with a target of 1.2020

Alternative.png Alternative Scenario 
Buy the pair around 1.2155 with a target of 1.2240

Comment.png Comments 
Breaking through the support line and trading below moving averages favors the fall
GBPUSD H1 Down down.png

config.png First Scenario 
Sell the pair around 1.3670 with a target price of 1.3570

Alternative.png Alternative Scenario 
Buy the pair around 1.3720 with a target price of 1.3830

Comment.png Comments 
Trading below moving averages favors the fall but breaking through the support line is required to confirm the trend
USDJPY H1 Up 

config.png First Scenario 
Buy the pair around 104.25 with a target price of 104.70

Alternative.png Alternative Scenario 
Sell the pair around 103.90 with a target price of 103.30

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

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