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Check Now the Daily Analysis Report 12-5-2023

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Dollar Index

The dollar index rose in yesterday’s trading and managed to form higher bottoms, and the moving averages 50 and 200 intersected in the hourly time frame, and therefore if it managed to break 101.80 levels, we expect more rise to 102.24 levels, then 102.40 levels

XAU-USD

Gold failed again to surpass the resistance levels of 2037.46, and fell strongly until it reached the levels of 2012.11, and if it managed to break them, we expect a decline until the levels of 2004.00, then the levels of 1992.42

Brent Oil

Crude oil managed to decline after bouncing from the resistance levels 77.36 and breaking the lower boundary of the range 75.50, and by settling below it, we expect more declines to 72.82 levels.

EUR-USD

The pair continued its downward trend and broke the support levels at 1.09400, and if it manages to break 1.09094 levels and settle below it, we expect a further drop to 1.08460 levels.

GBP-USD

The pair continued its downward trend and broke the support levels at 1.25458, and therefore if it managed to break the levels of 1.25088 and stabilize below it, we expect more declines until the levels of 1.24074.

USD-CAD

The pair was able to rise and break the resistance levels 1.34100, and therefore if it manages to stabilize below 1.35278 levels, we expect to return to the decline again to 1.34100 levels, then 1.33019 levels, but if it manages to continue the rise and break 1.35278 levels, the target for the rise will be 1.35767 levels.

Dow Jones

The Dow managed to fall in yesterday’s trading and closed below the support levels 33250, but it failed to stabilize below it, and therefore if it managed to drop and break 33107 levels, the next drop target will be 32933 levels

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