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Check Now the Daily Analysis Report 25-4-2023

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Dollar Index

The dollar index was able to fall and exit from the sideways range and break the support levels 101.20 – 101.10, and we expect the decline to continue until 100.52 levels, then 100.35 levels

XAU-USD

Gold started trading yesterday to rise and was able to close above the resistance levels of 1987.85, and therefore we expect a further rise to 1991.88 levels, then 1996.69 levels, but if it managed and closed below 1987.85 levels again, the drop will be to 1969.25 levels

Brent Oil

Brent crude managed to rise to retest the resistance levels 83.01, and by settling below it, we expect the decline to continue until 81.85 levels, then 80.25 levels

EUR-USD

The pair rose strongly in yesterday’s trading, and managed to break out of the range and break 1.09994 levels, and therefore we expect more rises to 1.10760 levels.

GBP-USD

The pair was able to rise in yesterday’s trading and break the upper border of the range at 1.24732 levels, and by stabilizing above, we expect more rises to 1.25257 levels.

USD-CAD

Yesterday, the pair traded casually between levels 1.35606 – 1.35224, and therefore if it managed to break 1.35224 levels, the decline will be to 1.34842 levels, but if it managed to break 1.35606 levels, the rise will be to 1.35943 levels.

Dow Jones

Although the Dow index fell in the beginning of yesterday’s trading, it rebounded from the support levels 33685 and rose strongly and closed above the resistance levels 33788 and above the moving average 200 in the hourly time frame, and by stabilizing above we expect more rise to 34056 levels

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