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Check Now the Daily Economic Calendar 16-3-2023!

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Dollar Index

The dollar index broke the 103.05 level and marked a brand in the 4-hour timetable, which is compatible with the Fibonacci retracement ratios.
But if 104.64 levels are broken, we expect a rise to 105.20 levels.


Gold succeeded in achieving more gains and breaking 1921.11 levels, and by settling above these levels, we expect a further rise to 1941.46 levels, but if gold falls and breaches 1915.75 levels, we expect more declines until 1885.25

Brent Crude

Brent crude is still in its downward trend, and managed to break 76.22 levels, and started to rebound from 71.54 levels, which are levels close to December 2021 bottom, so we expect some bullish correction, and by breaking 71.23 levels, we expect more declines.


The pair failed to break 1.07481 levels and achieve a higher peak that supports it on the rise, and it fell strongly until it reached 1.05332 levels.


The pair was already able to break 1.21389 levels and fell to correct until Fibonacci 50 ratios at 1.20104 levels, which are compatible with the moving average 200 on the hourly timeframe, and therefore we expect more rise again until 1.21389 levels, provided stability is above 1.20104 levels.


The pair failed to stabilize below 1.36965 levels and rose after the rebound from Fibonacci levels 38, and the moving averages 50-200 intersected on the hourly time frame, so we expect an upside, provided stability is above 1.37448 levels, and the target for the rise is 1.38515
But if 1.37447 levels are broken, we expect more declines again, until 1.36626 levels.

Dow Jones

Yesterday, the Dow index traded in a sideways range, with clear weakness in the movement, and closed below 31702 levels, but it quickly returned and closed above again, so we expect either a rise to 32000 levels, and then a completion of the decline, or a decline, provided that 31702 levels are broken and stability below it.

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