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Check Now the Daily Analysis Report 18-5-2023

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Dollar Index

The dollar index continued to rise until it managed to break the resistance level of 102.40, and it is currently trading below 102.67 levels, and therefore if it managed to break it, the target for the next rise will be 103.07 levels

XAU-USD

Gold continues to fall until I approach the support level of 1973.44, and if it manages to break it, the next drop target will be 1968.12 levels, then 1950.95 levels

Brent Oil

Crude oil failed to complete the decline, after the acceleration of the movement weakened, and it managed to form a higher bottom and break the resistance level of 75.50, and therefore if it managed to break 77.36 levels, the next target for the rise will be 79.15 levels

EUR-USD

The pair continued to decline and was able to break the support levels at 1.08460 and was able to form a new bottom, and by settling below 1.08460 levels, we expect more declines until 1.07876, then 1.07472.

GBP-USD

Although the pair fell and reached the support level of 1.24299, it rose again to the moving average 50 on the hourly time frame, and started to decline again, and therefore we expect the decline to continue until 1.24299 levels, and if it is broken, the next target for the drop will be 1.23874 .

USD-CAD

Although the pair fell and failed to surpass the resistance level of 1.35278, it was based on the moving average 200 in the hourly time frame, and was able to rise again and close above the moving average 50, and therefore we expect a rise again to 1.35278 levels, and if it manages to break it The target for the rise will be 1.35651 levels

Dow Jones

The Dow index failed to complete the decline and rebounded near the support level 32933 and rose strongly and managed to break the bearish trend line until it reached the resistance levels 33483 and therefore by settling below it we expect more declines to retest the broken trend line, but if it managed to break 33483 levels it will be The target for the rise is 33605 levels

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