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Check Now the Daily Analysis Report 3-5-2023

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Dollar Index

Although the dollar index surpassed the resistance level of 101.80, it failed to stabilize above it and returned to decline and close below it again, and this is accompanied by a negative deviation in the MACD indicator in the hourly time frame, and therefore in the event that it manages to break 101.20 levels, we expect more declines until levels 100.80.


Gold managed to rise already and strongly in yesterday’s trading until it broke the resistance levels of 2003.70 and levels of 2012.11, and with stability above, we expect more rises until levels of 2023.54, then levels of 2032.00, respectively.

Brent Oil

Crude oil continued its downward trend and managed to surpass the support levels 77.36 and 75.75 levels respectively, and therefore in case of stability below 75.75 levels, we expect more declines until 72.93 levels, then 71.23 levels


Although the pair fell below the support levels 1.09656, it failed to stabilize below it and rose strongly, and therefore if it managed to break the descending channel and 1.10344 levels, we expect more rise to 1.10760 levels.


Despite the pair’s decline in yesterday’s trading, it was based on the bullish trend line approximately at 1.24341 levels, which extends since the end of last March, and therefore if it manages to stabilize above, we expect more rises to 1.25030 levels, and if it is exceeded, the next target for the rise will be 1.25458 levels


The pair rose in yesterday’s trading until it reached near the resistance levels 1.36470 and started to decline again, and therefore in the event of stability above 1.35838 levels, we expect more rises until 1.36470 levels, but in case the decline continues until it manages to surpass 1.35278 levels, we expect more declines until 1.34842 levels

Dow Jones

The Dow index fell in yesterday’s trading, as it failed to surpass the resistance levels 34056 until it surpassed the support levels 33685, and closed below the moving average 200, 50 in the hourly timeframe, and in the event of stability below 33685 levels, we expect further decline until 33500 levels, and if it exceeds it, it will be the next drop target 33250 levels

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