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Technical Analysis 
Technical Analysis 31 May 2023

Technical Analysis 31 May 2023

How Does it Work:
A likely scenario is proposed for today, and the probability of achieving this scenario according to technical analysis may be between 60% and 75%, but if the first scenario fails, here the probability of achieving the second scenario becomes between 60% and 75%.
The preferred scenario fails when the price reaches the level of the alternative scenario condition, and immediately gets triggered and cancels the prediction in the preferred scenario.
These reports are not considered a substitute for the trader's decision, but rather an aid to the follower in making his own decisions, as a reference based on the origin of classic technical analysis.

(Eur/Usd) 

Technical Analysis

Bearish Trend 

First Scenario: rise to 1.076  if the 4h candle close above 1.071 

Second Scenario: if the price hold below 1.0714,  this could trigger a fall towards 1.0637 

(GBP/USD) 

Technical Analysis

Bullish Trend 

First Scenario: rise to the 1.2455 zone if the price hold above 1.24 

Second Scenario: bearish move towards the 1.234 zone if price holds below 1.2398 

Gold (Xau/Usd) 

Technical Analysis

Bearish Trend 

First Scenario: rise towards 1973 if the price hold above 1955 

Second Scenario: if the 4h candle close below 1955, this could trigger a retest support area 1930 - 1935 

(US30) 

Technical Analysis

Bearish trend 

First Scenario: rise to 33660  if the 4h candle close above 33400 

Second Scenario: if the price hold below 33000, this could trigger a retest to the 33600 area 

(Us oil) 

Technical Analysis

Bearish Trend 

First Scenario: rise towards 71,4 if the 4h candle close above 70,1 

Second Scenario: bearish move towards the 68 areas if  price holds below 70,1 

Notice :
The analyzes and opinions contained in this report are not binding and are not considered recommendations to sell or buy, and the company is not responsible for the decisions and choices of the investor, and the aim of this report is to publish general information through technical analysis.

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EURUSD1.2184 1.2186

GBPUSD1.4167 1.4169

USDJPY109.35 109.38

USDCAD1.2101 1.2103

 
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