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Check Now the Daily Analysis Report 20-4-2023

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Dollar Index

Despite the rise of the dollar index in yesterday’s trading and exceeding 101.61 levels for the second time this week, it failed to stabilize above and fell again below 101.61 levels and relied on the moving average 200 in the hourly timeframe, and therefore we expect an upward move provided 101.80 levels are broken. The next target for the rise will be 102.40 levels, but if it manages to fall and break 101.10 levels, the next drop target will be 100.88 levels.

XAU-USD

Gold managed to fall strongly and achieved the target of the confirmed continuation pattern for the decline, and although it surpassed the support level of 1987.85, it quickly rose and returned to re-test and closed below the EMA 50 in the hourly time frame, and therefore in the event that it continued to decline and closed below 1987.85 levels, the next drop target will be 1970.88 levels, then 1950.95 levels

Brent Crude

Brent crude managed to fall strongly in yesterday’s trading, surpassing the support levels 83.74, then 83.01 levels, and therefore in case it manages to break 82.39 levels, we expect more declines until 80.84 levels, then 80.24 levels

EUR-USD

Although the pair fell at the beginning of yesterday’s trading, it bounced upwards from the support levels 1.09151 and became sideways, and therefore if it managed to break 1.09836 levels, the next target for the rise will be 1.09994 levels, while if it falls and breaks 1.09151 levels, the next drop target will be 1.08820 levels.

GBP-USD

The pair continues to trade sideways, and although it surpassed the resistance level of 1.24519, it failed to stabilize above it and fell again, and therefore if it managed to rise and break 1.24732 levels, the target for the next rise will be 1.25039 levels, then 1.25257 levels, while if it fails to surpass 1.25257 levels 1.24519 we expect a drop to 1.24000 levels

USD-CAD

The pair managed to rise strongly in yesterday’s trading, as it surpassed the resistance level of 1.34100 and closed above the moving average 200 in the hourly time frame, and therefore we expect a decline to retest the support levels 1.34100, then continue the rise to 1.34842 levels, then 1.35276 levels

Dow Jones

The Dow index traded sideways yesterday and failed to exceed the minimum at 33788 levels, and therefore we expect a rise again to 34056 levels, but if it manages to break down 33788 levels, the drop will be to 33685 levels

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