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Although the dollar index fell and achieved a lower bottom at 101.45 levels, it quickly returned to the rise and closed at the highest levels of 101.80 and closed above the moving average 50 in the hourly time frame, and therefore we expect more rises for the correction until 102.40 levels, which is compatible with the moving average 200 On the other hand, the negative outlook can only be considered by closing below 100.40 levels
Gold was able to fulfill the downside condition that we previously set in yesterday’s report, which is breaking 1924.45 levels, and it fell strongly, and therefore we expect more declines until 1908.51 levels, and if it managed to break it, the next target for the drop will be 1899.44 levels.
Crude oil failed to surpass 77.36 levels, fell strongly, breaking 75.41 levels, and closed below the moving averages in the hourly time frame, and therefore by settling below 75.00 levels, we expect more declines until 72.91 levels
The pair failed to breach and stabilize above 1.09944 levels, and it fell during yesterday’s trading, and therefore if it managed to break 1.09460 levels, we expect more declines for the correction to 1.09094 levels.
The pair is still trading in a range, and failed to breach and stabilize above 1.28046 levels, and therefore if it manages to break 1.27103 levels, we expect more declines for the correction to 1.26525 levels.
The pair traded sideways in yesterday’s trading, and therefore if the price was able to breach 1.31781 levels, the target for the correction will be 1.32025 levels, on the other hand, the condition for the continuation of the decline is breaking 1.31380 levels, and the next drop target will be 1.31169 levels, then 1.30789 levels
The Dow was able to build on the support levels 33814 and started to rebound upwards, and therefore if it manages to breach 34012 levels, we expect more rise to 34175 levels