RedstoneFx Analyst
by
on

Redstone Technical Report 5/3/2021

XAUUSD Up up.png

config.png First Scenario 
Buy gold around 1690.00 with a target price of 1722.00

Alternative.png Alternative Scenario 
Sell gold around 1675.00 with a target price of 1650.00

Comment.png Comments 
Trading above the support favours the rise but breaching the resistance line is required to confirm the trend
XAGUSD Down down.png
config.png First Scenario 
Sell Silver around 25.49 with a target price of 24.61

Alternative.png Alternative Scenario 
Buy silver around 26.00 with a target price 26.88

Comment.png Comments 
Trading below the resistance and moving averages favours the fall
USOIL Up up.png

config.png First Scenario 
Buy Oil around 64.25 with a target at 66.45

Alternative.png Alternative Scenario 
Sell Oil around 63.00 with a target at 60.65

Comment.png Comments 
Trading above the support and moving averages favours the rise
EURUSD  Down  down.png

config.png First Scenario 
Sell the pair around 1.1985 with a target price of 1.1880

Alternative.png Alternative Scenario 
Buy the pair around 1.2045 with a target price of 1.2150

Comment.png Comments 
Trading below the resistance and moving averages favours the fall
US30 Down down.png

config.png First Scenario 
Sell the index around 30900.00 with a target price of 30300.00

Alternative.png Alternative Scenario 
Buy the index around 31160.00 with a target price of 31655.00

Comment.png Comments 
Trading below the resistance and moving averages favours the fall
USDCHF Up up.png
config.png First Scenario 
Buy the pair around 0.9275 with a target price of 0.9375

Alternative.png Alternative Scenario 
Sell the pair around 0.9225 with a target price of 0.9125

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

config.png First Scenario 
Buy the pair around 1.2650 with a target price of 1.2760

Alternative.png Alternative Scenario 
Sell the pair around 1.2600 with a target price of 1.2475

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

config.png First Scenario 
Sell the pair around 0.7735 with target at 0.7600

Alternative.png Alternative Scenario 
Buy the pair around 0.7785 with a target at 0.7895

Comment.png Comments 
Trading below the moving averages favors the fall

Ready to trade?

Get started with your RedstoneFX account today.

Easy funding & withdrawals

No deposit fees^