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Check Now the Daily Analysis Report 2-5-2023

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Dollar Index

The dollar index started yesterday’s trading to rise until it reached the upper border of the cross-border range at 101.80 levels, and therefore if it fails to surpass the resistance levels, we expect a decline to 101.21 levels, then 100.80 levels, but if it manages to break 101.80 levels, we expect a rise to 101.97 levels.

XAU-USD

Gold is still trading in its horizontal range between 2003.70 levels and 1973.44 levels, and therefore if it manages to break 1973.44 levels, the decline will be until 1969.25 levels, then 1950.95 levels

Brent Oil

Crude oil started its trading yesterday with a price gap and fell below the resistance levels 80.24, but it returned to rise again at the end of today’s trading, and therefore if it managed to break 80.24 levels and stabilize above, we expect a rise to 82.76 levels

EUR-USD

The pair is still trading in a range until it reached the minimum at 1.09656 levels, and therefore if it fails to stabilize above and falls, we expect a further drop to 1.09282 levels, then 1.09094 levels, but if it manages to stabilize above 1.09656 levels, we expect a rise to 1.10408 levels

GBP-USD

The pair started yesterday’s trading to decline strongly until it closed the support levels 1.25405 and 1.25030 levels, and therefore we expect more declines until 1.24252 levels

USD-CAD

The pair traded sideways yesterday and closed below the moving average 200,50 in the hourly timeframe, and therefore if it managed to break 1.35238 levels, we expect a decline to 1.34842 levels, but if it managed to rise and close above 1.35842 levels, we expect a rise to 1.36470 levels.

Dow Jones

The Dow index traded yesterday with a weak acceleration and failed to stabilize above 34175 levels, then fell down again, and therefore if it manages to break 34056 levels, we expect more declines until 33869 levels

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