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Check Now the Daily Analysis Report 21-4-2023

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Dollar Index

The dollar is still trading in its sideways range below 101.61 levels, and therefore we expect a drop to 101.20 levels, and if it manages to break it, the target for the drop will be 101.10 levels, then 100.91 levels

XAU-USD

Gold was able to rise again and form a higher bottom at 1990.04 levels, and surpassed the resistance level of 2003.45, but it failed to stabilize above it and close. Therefore, if it managed to rise and break the 2012.11 levels, the target for the rise will be 2025.76 levels.

Brent Oil

Brent crude managed to fall strongly and break the support level of 83.01 and was able to bridge the price gap that it formed at the beginning of the month’s trading, and if it managed to break 80.24 levels, the next drop target will be 78.04 levels

EUR-USD

Yesterday, the pair traded sideways and failed to surpass the resistance level of 1.09836, and fell until it was based on the moving averages 50 and 200 in the hourly time frame, and therefore if it managed to break 1.09836 levels, the target for the next rise will be 1.09994 levels, then 1.10241 levels

GBP-USD

The pair is still trading in a sideways range between 1.24000 and 1.24732 levels, and therefore if it manages to break 1.24732 levels, the next target for the rise will be 1.25060 levels, then 1.25257 levels

USD-CAD

Although the pair traded sideways, it managed to form a higher bottom that supports it to the upside, and also the intersection of the moving average 50 with the moving average 200 in the hourly time frame, and therefore we expect to break 1.34842 levels, and the next target for the rise will be 1.35140 levels, then 1.35606 levels

Dow Jones

The Dow index fell in yesterday’s trading, managed to break the support level 33788, and closed below the moving average of 200 in the hourly timeframe, and therefore if it managed to break the support level of 33685, the target for the drop will be 33575 levels, then 33500 levels

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