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Technical Analysis 
/ 
Technical Analysis May 08 2024

Technical Analysis May 08 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)

Bullish trend

First scenario:  a rise towards 1.0890 level if price holds above 1.0790

Second scenario: a fall towards 1.0650 if daily candle closes below 1.0790

(GBP/USD)

Bullish trend

First scenario: a rise towards 1.2700 level if price holds above 1.2560

Second scenario: a fall towards 1.2300 if daily candle closes below 1.2560

Gold (Xau/Usd)

Bullish trend

First scenario: a rise towards 2360.00 if price holds above 2324.00

Second scenario: a fall towards 2290.00 level if daily candle closes below 2324.00

(US30)

Bullish trend

First scenario: a rise to 39100.00 if daily candle closes above 38850.00

Second scenario: a fall towards 38550.00 if price holds below 38850.00

(Us oil)

Bearish trend

           First scenario: a fall at 82.00 if daily candle closes below 79.20

Second scenario: a rise towards 76.00 if price holds above 79.20

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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