NASDAQ 19-12-2023

Technical Analysis

By Shady Fouad Last updated Dec 19, 2023

NASDAQ 19-12-2023.

The index tested its previous historical peak within the range of 16780, and it is likely that this area limit the upward momentum. If the index successfully breaks above this peak, prices are expected to resume the upward trend. However, if the minor support zone within the range of 16400 is breached, we may see a retest of the main support zone at 15800.

Support	16400	16200	15900
Resistance	16780	–	–

Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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