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Check Now the Daily Economic Calendar 21-3-2023!

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Dollar Index

The dollar index managed to break 103.05 levels, and it is considered the last bottom that was formed last week, therefore we expect more declines until 102.48 levels, then 101.98 levels.

XAU-USD

Gold began to rise weakly compared to last week’s trading, after reaching 2009.05 levels and failing to achieve a higher peak, and therefore if it breaks 1968.08 levels, it will be the beginning of the correction until 1948.41 – 1935.44 levels, as for the upward scenario, it will be achieved after breaking 2009.71 levels and closing above it

Brent Crude

Brent crude managed to reach 71.23 levels already, but it failed to stabilize below it, and soon returned and closed above again, and managed to close above the moving average of 50 in the hourly time frame, and also the price formed a positive deviation with the MACD indicator, and therefore we expect a rise for a correction until

EUR-USD

In yesterday’s trading, the pair was able to break the upper border of the horizontal range at 1.06878 levels, and if it managed to break 1.07481 levels, the targets for the rise, respectively, will be 1.07683 – 1.08026.

GBP-USD

The pair was able to reach levels of 1.22677, and by settling above them, we expect more rises to levels of 1.23409, then 1.24519.

USD-CAD

In yesterday’s trading, the pair was able to reach the lower border of the range at 1.36553 levels, and we expect the start of the ascent to 1.37672 levels, and if it is broken, the target for the rise will be 1.38135 levels, and by exceeding it, the target will be 1.38515 levels

Dow Jones

The Dow index failed to close below 31591 levels and started to form positive price behavior in the four-hour timeframe, supported by a positive deviation in the MACD index. Therefore, in the event of breaking 32251 levels, we expect a rise to 32545 levels, then 32701 levels

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