RedstoneFx Analyst
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Redstone Technical Report 5/4/2021

XAUUSD Up up.png
config.png First Scenario 
Buy gold around 1720.00 with a target price of 1740.00

Alternative.png Alternative Scenario 
Sell gold around 1708.00 with a target price of 1685.00

Comment.png Comments 
Breach in the resistance line and trading above moving averages favors the rise
XAGUSD Up up.png
config.png First Scenario 
Buy Silver around 24.65 with a target price of 25.40

Alternative.png Alternative Scenario 
Sell silver around 24.15 with a target price 23.60

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

config.png First Scenario 
Buy Oil around 60.30 with a target at 63.25

Alternative.png Alternative Scenario 
Sell Oil around 59.00 with a target at 56.30

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

config.png First Scenario 
Sell the pair around 0.7615 with target at 0.7555

Alternative.png Alternative Scenario 
Buy the pair around 0.7650 with a target at 0.7710

Comment.png Comments 
Trading below the resistance line favors the fall
NZDUSD Down down.png

config.png First Scenario 
Sell the pair around 0.7035 with target at 0.6970

Alternative.png Alternative Scenario 
Buy the pair around 0.7060 with a target at 0.7120

Comment.png Comments 
Trading below the resistance line favors the fall
GBPJPY Up up.png

config.png First Scenario 
Buy the pair around 152.80 with expected target at 153.90

Alternative.png Alternative Scenario 
Sell the pair around 152.15 with expected target at 151.05

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

config.png First Scenario 
Buy the pair around 1.2570 with a target price of 1.2655

Alternative.png Alternative Scenario 
Sell the pair around 1.2520 with a target price of 1.2430

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

config.png First Scenario 
Buy the pair around 0.9420 with a target price of 0.9470

Alternative.png Alternative Scenario 
Sell the pair around 0.9395 with a target price of 0.9340

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

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