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Check Now the Daily Technical Analysis Report 29-3-2023!

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Dollar Index

The dollar index continued to decline until it managed to break 102.10 levels, but it is moving with a weak acceleration, and therefore in the event of stability below 102.10 levels, the next drop target will be 101.61 levels.

XAU-USD

Gold was able to achieve some gains as it was able to form a higher bottom in the hourly time frame at 1950.04 levels and surpassed the resistance levels 1966.27 and also closed above the moving averages in the hourly time frame 50-200, and by settling above 1966.27 levels we expect further rise to 1985.10 levels

Brent Crude

Brent crude is still on the rise, and it managed to surpass the resistance levels 78.06, but its rise was with a very weak acceleration, and therefore in case of stability above 78.06 levels, we expect more rises to 80.24 levels.

EUR-USD

The pair continues to rise until it reached important resistance levels at 1.08506, and if it manages to break it and stabilize above it, we expect more rises to 1.09151 levels.

GBP-USD

Although the pair retreated from the resistance level of 1.23250 until it managed to rise again and surpass it, but it failed to achieve any closing above the levels of 1.23409, which represents the highest price it reached since March 23, and therefore in the event that it managed to break the levels of 1.23409, it will be The target for the rise is 1.23900 levels, but if it fails to surpass it, the drop will be the closest to occur until 1.22859 levels.

USD-CAD

The pair continues to decline until it managed to break 1.36303 levels, and we expect further declines until 1.35825 levels, then 1.35606 levels and any bullish correction to retest the broken levels will be a good opportunity to enter selling positions.

Dow Jones

The Dow index failed for the second time since the beginning of the week’s trading to surpass the resistance level of 32595, and it fell again to the levels of 32332, and therefore the condition for the rise is only achieved by exiting the sideways range and breaking the levels of 32595

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