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Check Now the Daily Analysis Report 18-4-2023

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Dollar Index

The dollar index started with an upward correction and was able to close above the 101.61 resistance level, and therefore in the case of stability above, we expect the continuation of the rise and correction until 102.21 levels, then 102.40 levels, but if it managed and closed below 101.61 levels, we expect a decline again until 101.10 levels.

XAU-USD

Gold continued to decline in yesterday’s trading and was able to close below the support levels of 1987.85, but it quickly returned and closed above them again, and therefore if it managed to rise and break the levels of 2003.45, we expect the continuation the rise until the levels of 2014.93, but in the case of a decline and closed below the levels of 1981.04 We expect a drop to 1976.21 levels, then 1960.10 levels

Brent Crude

Brent crude managed to fall and break 85.79 levels and returned again to the sideways range that it started at the beginning of trading this month, and therefore we expect more declines to 83.74 levels, then 83.01 levels

EUR-USD

The pair was able to fall to correct strongly until it managed to break the support levels at 1.09687 and form a lower bottom at 1.09151 levels, and at the end of today’s trading it rose to retest the broken support levels, and therefore in case it managed and fell again and broke 1.09151 levels, we expect more decline until 1.08529 levels, but if it managed to rise and close above 1.09687 levels, the target for the rise will be 1.10011 levels

GBP-USD

The pair was able to fall and break the support level 1.24000 and form a lower bottom, and also the intersection of the moving average 50 and the moving average 200 in the hourly time frame, and therefore in the event that it managed to break 1.23503 levels, the target for the drop will be 1.22756 levels.

USD-CAD

In yesterday’s trading, the pair was able to correct by rising to 1.34100 levels, then it started to decline again, and by settling below it, we expect more declines to 1.33558 levels, then 1.33019 levels.

Dow Jones

Although the Dow index was able to form a higher bottom that supports it to rise at 33812 levels, but it failed to achieve a higher peak that exceeds 34056 levels, and therefore we expect to move sideways, and the condition for the rise is breaking 34056 levels, and the target for the rise is 34175 levels, while if It managed to break 33851 levels, and the target for the drop will be 33685 levels

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