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Check Now the Daily Analysis Report 20-6-2023

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Dollar Index

The dollar index rose in yesterday’s trading for a correction, and therefore the condition for the continuation of the decline again is to break 101.80 levels, then 101.60 levels, and the next drop target will be 101.40 levels.

XAU-USD

Although gold fell at the beginning of yesterday’s trading and closed below the moving averages, it continued to trade sideways, and therefore if the price managed to rise and breach 1958.65 levels, then the target for the rise would be 1970.20 levels, but if it managed to fall and break 1944.48 levels, then it would be a target The next drop is 1935.44 levels.

Brent Crude

Crude oil was able to build on the support level of 75.41 and rose, but returned to it again. Therefore, the condition for the continuation of the rise is stability above 75.41 levels, and the target for the rise is 76.90 levels, and if it managed to breach it, the target for the rise will be 77.36 levels.

EUR-USD

Yesterday, the pair traded in a sideways manner and was based on the support level of 1.09094, and therefore the condition for the continuation of the rise is to breach the highest price it achieved yesterday at 1.09460 levels, and the target for the rise will be 1.09944 levels, but if it managed to fall and break 1.09094 levels, we expect a drop to correct to 1.08870 levels.

GBP-USD

The pair started to fall for a correction until it reached 1.27680 levels, and if it managed to break it, we expect more bearish correction until 1.27103 levels, but if it managed to stabilize above 1.27680 levels and breached 1.28075 levels, the target for the rise will be 1.28478 levels

USD-CAD

Yesterday, the pair traded sideways below 1.32280 levels, and therefore if it manages to breach 1.32385 levels, we expect the more upward correction to 1.32725 levels.

Dow Jones

The Dow index traded sideways yesterday with weak acceleration, and therefore if it managed to break 34175 levels and stabilize below it, we expect more declines for the correction to 33814 levels, but if it managed to rise and breach 34315 levels, the target for the rise will be 34555 levels.

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