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Check Now the Daily Analysis Report 16-6-2023

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Dollar Index

The dollar index managed to decline strongly, as we indicated in yesterday’s report that the condition for the decline is stability below 102.95 levels, and indeed it managed to decline and closed below 101.80 levels, and by settling below it, we expect more declines until 100.88 levels

XAU-USD

Although gold fell in yesterday’s trading until it reached 1924.03 levels, it rose strongly and closed within the cross range again, surpassing 1949.40 levels until it reached 1960 levels, which is considered the highest price it achieved in trading the day before yesterday, and therefore the condition for the continuation of the rise is breaking the levels 1960, and the target for the rise will be 1970.20 levels, and if it manages to break it, the next target will be 1983.21 levels

Brent Crude

Crude oil managed to rise after forming a higher bottom at 72.87 levels, and managed to close above the last peak formed at 75.41 levels, and by settling above, we expect more rises to 76.32 levels, then 77.36 levels

EUR-USD

The pair was able to rise after relying on the moving average 50 in the hourly timeframe, and surpassed the highest price it achieved in trading the day before yesterday, until it managed to break 1.09094 levels, and by stabilizing above it, we expect more rises until 1.09944 levels, and any correction drop is an opportunity to rise again.

GBP-USD

The pair was able to rise, after building on the support levels 1.26246, and surpassed many resistance levels until it reached 1.27863 levels, and if it managed to break it, the next ascending target will be 1.27863 levels, and any correction drop will be a good opportunity to buy and rise again.

USD-CAD

The pair failed to complete the ascent, fell strongly, and closed below the last bottom formed at 1.32725 levels, and also closed below 1.32280 levels, and by settling below it, we expect more declines until 1.31608 levels, then 1.31204 levels

Dow Jones

The Dow managed to settle above the support levels 33814, and rose strongly, surpassing 34175 levels, until it reached near the next resistance levels at 34555, and therefore, in the event of a retest of 34300 levels, we expect more rise to 34555 levels, and by breaking them, we expect more rise to 34886 levels

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