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Despite the rise of the dollar index in yesterday’s trading, it failed to achieve a higher peak, reaching 103.23 levels, and this rise is accompanied by a negative deviation on the MACD indicator, which means a significant weakening of the acceleration, and therefore if it manages to break 102.75 levels, we expect more declines to correct until levels 102.40, and if it managed to break, the next drop target will be 102.12
XAU-USD
Gold was able to rise in yesterday’s trading, after it rebounded from the support levels and closed above the moving average of 50 in the hourly time frame, and therefore if it managed to break the upper border of the cross-band at 1983.21 levels, we expect a rise to 1992.52 levels, then 2004 levels
Brent Oil
Crude oil continued to rise in yesterday’s trading, as it managed to form a new higher bottom above the moving average of 200 in the hourly time frame, and managed to close above the resistance levels 75.59, and therefore by stabilizing above, we expect more rises to 79.15 levels.
EUR-USD
The pair fell in yesterday’s trading until it reached support levels 1.07607 and rose again, and therefore we expect more rises to 1.08301 levels
GBP-USD
Although the pair fell in yesterday’s trading until it reached 1.23874 levels, it failed to stabilize below it and rose again, and therefore if it managed to close outside the bullish trend line and break the resistance level of 1.24735, the target for the rise will be 1.25309 levels.
USD-CAD
The pair is still trading sideways above the support levels of 1.34838, and with stability above, we expect more rises to 1.35467, then 1.35651.
Dow Jones
The Dow managed to fall in yesterday’s trading, breaking 33213 levels, and it fell and crossed the moving averages in the hourly time frame, and therefore we expect more declines until 32933 levels, and if it managed to break it, the next drop target will be 32760 levels
