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Check Now the Daily Analysis Report 19-4-2023

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Dollar Index

The dollar index failed to stabilize above 101.61 levels and fell in yesterday’s trading until it managed to close below the 200 moving average in the hourly timeframe, and therefore if it managed to break 101.10 levels, we expect the continuation of the decline until 100.35 levels, but if it managed to rise again and break 101.79 levels, we expect more correctional rises.

XAU-USD

Although gold traded yesterday with a somewhat slight acceleration, but it was a lower peak at 2010.99 levels, and also the intersection of the moving average 50 with the moving average 200 in the hourly timeframe, which supports the negative outlook for gold, and therefore if it managed to break the levels of 1987.85, we expect more Falling to 1969.35 levels.

Brent Crude

Brent crude is still trading in a sideways range with little acceleration, and it was unable to close above the moving average 50 in the hourly timeframe, and therefore we expect a decline to 83.74 levels, then 83.01 levels

EUR-USD

Although the pair managed to rise at the beginning of yesterday’s trading, it failed to form a higher peak above 1.09835 levels and fell again, and therefore if it managed to stabilize below 1.09687 levels, we expect more declines until 1.09151 levels, while the condition for rising again is breaking levels 1.09994 and the highest stability.

GBP-USD

The pair continued to rise in yesterday’s trading, surpassing the resistance levels of 1.24000, until it reached the levels of 1.24519, and returned to decline again, and therefore if it managed to break the levels of 1.24519, we expect more rises until the level of 1.24995, but if it managed and closed below the levels of 1.24000 again, we expect more Falling to 1.23503 levels.

USD-CAD

Yesterday, the pair traded in a range between 1.34100 and 1.33558 levels, and therefore if it managed to break 1.33558 levels downwards, we expect more declines to 1.33341 levels, then 1.33019 levels, but if it managed to break 1.34100 levels upwards, we expect more rises to 1.34490 levels

Dow Jones

Although the index rose at the beginning of yesterday’s trading and closed above the resistance level 34056, it soon fell strongly to 33851 levels, which is a sign of the emergence of a strong seller, and therefore if it manages to break 33851 levels, we expect a further decline to 33685 levels.

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