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Check Now the Daily Analysis Report 11-5-2023

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Dollar Index

Yesterday, the dollar index failed to surpass the resistance levels of 101.35, fell and closed below the moving averages 50, 200 in the hourly timeframe, and therefore if it settles below 101.10 levels, we expect more declines until 100.77 levels, then 100.57 levels, but if it managed to rise and break 101.35 levels, we expect Rise to 101.61 levels.

XAU-USD

Yesterday, gold traded sideways below the resistance level of 2037.46 and surpassed it with one candle, but it failed to stabilize above and fell strongly, and therefore if it managed to rise again and break 2037.46 levels, the target for the rise will be 2057.81 levels, but if it manages to fall and break 2021.37 levels, it will be Relegation target 2012.11.

Brent Oil

Crude oil traded for the second day in a row, sideways, below the resistance levels 77.36, and became moving with acceleration and weak momentum, and therefore if it managed to rise and break 77.36 levels, the target for the rise will be 78.67 levels, but if it manages to fall and break 75.50 levels, the drop target will be 74.44 levels

EUR-USD

The pair continued to decline in yesterday’s trading, and therefore we expect more declines until 1.09400 levels, and by breaking it, the next drop target will be 1.09094 levels.

GBP-USD

Although the pair traded with a weak acceleration, it reached the resistance level 1.26698, failed to overcome it, and fell again, and therefore if it manages to break 1.25845 levels, the target for the drop will be 1.25458 levels, then 1.25030 levels.

USD-CAD

The pair is still trading with weak acceleration and tangentially below the resistance level 1.34100, and therefore if it managed to rise and break 1.34100 levels, the target for the next rise will be 1.34681 levels, but if it manages to fall and break 1.33360 levels, the drop target will be 1.33019 levels.

Dow Jones

The Dow index traded sideways yesterday and reached the lower limit of the range, but failed to surpass it and rose until it reached the moving average of 50 in the hourly timeframe, and therefore if it managed to fall and break 33250 levels, the next drop target will be 32935 levels.

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