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Check Now the Daily Analysis Report 10-5-2023

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Dollar Index

The dollar index continued to rise in yesterday’s trading until it surpassed the resistance levels 101.20, but it failed to stabilize above it and fell below it again, but it relied on the moving average 200 in the hourly time frame, and therefore if it managed to rise and break 101.35 levels, we expect more rise Up to 101.61 levels.

XAU-USD

Gold was able to rise in yesterday’s trading and peaked at 2037.46 levels, then it fell again, and therefore if it managed to break 2037.46 levels, we expect a rise to 2057.46 levels, but if it settles below 2037.46 levels, we expect a decline until 2012.11 levels

Brent Oil

Crude oil is still trading below the resistance levels 77.36, and therefore if the price manages to break 75.71 levels, we expect more declines to 73.61 levels, but if it manages to break 77.36 levels, we expect a rise to 80.24 levels

EUR-USD

The pair continued to decline until it reached the support levels 1.09656, and also the moving averages 50, 200 intersected in the hourly time frame, and therefore we expect more declines, so if it managed to break 1.09414 levels, we expect a drop to 1.09094 levels

GBP-USD

The pair traded sideways and is considered to have a lower peak at 1.26348 levels, and therefore if it manages to fall until breaking the descending trend line at 1.25845 levels, we expect to reach 1.25458 levels, but if it manages to break 1.26348 levels, we expect a rise to 1.26698 levels

USD-CAD

Yesterday, the pair traded below the resistance levels 1.34100, but with acceleration and very weak momentum, and therefore if it breaks 1.34100 levels, we expect an upward correction to 1.34764 levels, but if it falls and breaks 1.33626 levels, we expect a decline to 1.33019 levels

Dow Jones

The Dow index is still trading with acceleration and very weak momentum, and it is now trading sideways, and therefore if it manages to fall and break 33462 levels, we expect to reach 33250 levels, but if it manages to rise and break 33657 levels, we expect to reach 33814 levels

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