The US dollar is still hitting gold with an attempt to compensate for stocks and the lira is lost

The US dollar is still hitting gold with an attempt to compensate for stocks and the lira is lost
The US dollar is still hitting gold with an attempt to compensate for stocks and the lira is lost

We offer you technical analysis of the most important global currencies, gold and the US industrial index.

Thursday 1.09.2022

Turkish lira:
The US dollar exchange rate is still trading within the ascending path and at the highest levels as we expected it against the Turkish lira, and it reached 18.22 yesterday and ended its trading at 18.18. Targeting the level of 18.23 and by achieving the positive stability above, it will target the resistance 18.29 and from it towards 18.35, provided that the price support 18.11 is not broken and stability below it in today’s trading
The general trend: Consolidated to the upside, provided that the support 18.11 is not broken and stability is below
the support :
18.11 … 18.05 … 18.00
Resistance :
18.23 … 18.29 … 18.35
Foliation:
18.17

gold:
The exchange rate of an ounce of gold achieved our negative expectations during yesterday’s trading session, to trade at 1709 dollars, and ended its daily trading at 1710 dollars, and based on it and what the technical indicators and moving rates indicate to us, we expect the general negativity to continue on the precious metal as it heads towards the support level At 1704 dollars, and by achieving negative stability below, it will target 1698 and 1687 dollars, provided that 1721 dollars are not breached and stability above it in today’s trading
The general trend: Consolidated bearish condition that 1721 is not breached and stability above
the support :
1704 … 1698 … 1687
Resistance :
1721 … 1732 … 1738
Foliation:
1715

The euro against the US dollar:
The exchange rate of the euro against the US dollar fluctuated during yesterday’s trading session between the levels 1.0078 and 0.9970, and ended its daily trading at the level of 1.0051 dollars, and based on it, and according to what technical indicators and moving rates indicate to us, we expect the continuation of the sideways path of the pair with the presence of indicators that support a decline For the euro, provided that the price support is broken at $0.9989, and by achieving negative stability below, it will target the levels of 0.9926 and $0.9881, provided that $1.0097 is not breached and stability above it in today’s trading
The general trend: Consolidated bearish condition that 1.0097 is not breached and stability above
the support :
0.9989 … 0.9926 … 0.9881
Resistance :
1.0097 … 1.0142 … 1.0205
Foliation:
1.0034

The British pound against the US dollar:
The exchange rate of the sterling pound against the US dollar fluctuated during yesterday’s trading session with a bearish sideways path, as it reached the level of 1.1598 and ended its trading at the price of 1.1621. 1.1582, and by achieving negative stability below, it may push it towards the level of 1.1543 and 1.1488 dollars, provided that the resistance of 1.1677 dollars is not breached and stability above it in today’s trading
The general trend: Consolidated bearish condition that 1.1677 is not breached and stability above
the support :
1.1582 … 1.1543 … 1.1488
Resistance :
1.1677 … 1.1732 … 1.1772
Foliation:
1.1638

DOWJONES:
The American industrial index, the Dow Jones, declined during its trading session yesterday, to reach the level of $ 31,500 and ended its daily trading at the price 31565, and based on it and what technical indicators and moving rates indicate to us, we expect the continuation of the sideways path of the stock on the daily level, targeting the price resistance level at 31875 and By achieving positive stability above, it will target the levels of 32186 and 32374 dollars, provided that the price support at the level of 31377 dollars is not broken and stability below it in today’s trading.
The general trend: Consolidated bullish, provided that 31377 is not broken and stability is below
the support :
31377 … 31189 … 30878
Resistance :
31875 … 32186 … 32374
Foliation:
31687

We wish you a successful trading

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