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Technical Analysis 
Technical Analysis 8 May 2023

Technical Analysis 8 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

Bullish Trend 

First Scenario: continuation for the trend to the upside if price stay above 1.1032 

Second Scenario: if  a 4h candle close below 1.1032 this could trigger a fall towards 1.1003 zone 

(Gbp/Usd) 

Technical Analysis

Bullish Trend 

First scenario: continuation for the trend to the upside if price stay above 1.264 

Second scenario: bearish move towards 1.258 zone if price hold on below supply area 1.264 

Gold (Xau/Usd) 

Technical Analysis

Bullish Trend 

First Scenario: continuation for the bullish trend if price stay above 2012 

Second Scenario: bearish move towards 2002 if 4h candle close below 2012 

(Dow Jones US30) 

Technical Analysis

Bullish Trend 

First Scenario: bullish move to 33878 if price stay above 33650 

Second Scenario: bearish move towards 33300 zone if 4h candle close below support 33250 

(Usoil) 

Technical Analysis

Bearish Trend 

First Scenario: rise towards 71,30  if price stay above 71,67 

Second Scenario: bearish move towards 70,40 if 4h candle close below 71,30   

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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