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Check Now the Daily Analysis Report 6-6-2023

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Dollar Index

The dollar index was able to rise and form a lower peak that supports it in the downside direction, and it fell at the end of yesterday’s trading, and therefore we expect more declines to 103.23 levels, then 102.95 levels, then 102.75 levels.

XAU-USD

Gold was able to decline in yesterday’s trading until it reached near the minimum of the cross range at 1935.44 levels and rose again, and therefore the condition for the continuation of the rise is to break the 1964.74 level, and the target for the rise is the 1983.21 level, but if it fails to exceed 1964.74 levels, we expect a drop to 1964.74 levels 1935.44, and if it manages to break it, the next downside target will be 1924.03 levels.

Brent Oil

Although crude oil opened at a price gap at the beginning of yesterday’s trading, it managed to drop below 77.36 levels and close the price gap, and therefore we expect a further decline until 75.09 levels, then 73.35 levels, then 71.51 levels.

EUR-USD

The pair was able to form a higher bottom at 1.06730 levels, and therefore we expect more rises to 1.07472 levels, and if it manages to break it, the next target for the rise will be 1.07950 levels.

GBP-USD

The pair started trading yesterday until it reached 1.23690 levels, formed a higher bottom, and rose again, and therefore the condition for completing the rise will be closing above 1.24580 levels, and the target for the rise will be 1.25458 levels.

USD-CAD

The pair traded sideways in yesterday’s trading, and therefore the condition for completing its downside trend is breaking 1.34047 levels, and the drop target is 1.33440 levels

Dow Jones

Yesterday, the Dow index failed to complete the ascent, surpassed 33814 levels, and started to correct, so if it falls and breaks 33395 levels, we expect a drop to 33260 levels, and the condition for completing the ascent is to close above 33814 levels.

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