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Technical Analysis 
Technical Analysis May 03 2024

Technical Analysis May 03 2024

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)

First scenario:  a rise towards 1.0880 level if price holds above 1.0750

Second scenario: a fall towards 1.0550 if daily candle closes below 1.0750

(GBP/USD)

First scenario: a rise towards 1.2760 level if price holds above 1.2560

Second scenario: a fall towards 1.2350 if daily candle closes below 1.2560

Gold (Xau/Usd)

First scenario: a rise towards 2340.00 if price holds above 2310.00

Second scenario: a fall towards 2280.00 level if daily candle closes below 2310.00

(US30)

First scenario: a rise to 38900.00 if daily candle closes above 38550.00

Second scenario: a fall towards 38200.00 if price holds below 38550.00

(Us oil)

First scenario: a fall at 83.50 if daily candle closes below 80.00

Second scenario: a rise towards 76.60 if price holds above 80.00

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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