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Technical Analysis 
Technical Analysis May 17 2024

Technical Analysis May 17 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 1.0980 level if price holds above 1.0890

Second scenario: a fall towards 1.0800 if daily candle closes below 1.0890

(GBP/USD)

First scenario: a rise towards 1.2820 level if price holds above 1.2700

Second scenario: a fall towards 1.2580 if daily candle closes below 1.2700

Gold (Xau/Usd)

First scenario: a rise towards 2400.00 if price holds above 2375.00

Second scenario: a fall towards 2350.00 level if daily candle closes below 2375.00

(US30)

First scenario: a rise to 40000.00 if daily candle closes above 39890.00

Second scenario: a fall towards 39730.00 if price holds below 39890.00

(Us oil)

First scenario: a fall at 77.50 if daily candle closes below 79.50

Second scenario: a rise towards 81.20 if price holds above 79.50

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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