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Daily Technical Report 12-2-2024

0 1,052

Dollar Index

Daily Technical Report 12-2-2024

The prices have reached the target of 104.40, where it is likely to encounter resistance and a slowdown in the upward momentum. However, if 104.40 is breached to the upside, we may target the area around 106.

Support

103.8 102.80 102.45
Resistance 104.4 104.65

104.95

EURUSD 

Daily Technical Report 12-2-2024

The EUR/USD pair is trading above the support zone at 1.0750, where it was expected to curb the downward momentum. Prices have started to show initial signs of buying interest with a break above 1.0780. This outlook would be invalidated if the 1.0750 zone is breached to the downside.

Support

1.2530 1.2515 1.2500
Resistance 1.2630 1.2750

1.2800

GBPUSD 

Daily Technical Report 12-2-2024

Prices bounced back from the support zone at 1.2530, where it was expected to limit the downward momentum. The prices now face resistance in the range of 1.2630, and in the case of breaking above it, we may target 1.2800.

Support

1.2530 1.2515 1.2500
Resistance 1.2630 1.2750

1.2800

USDJPY 

Daily Technical Report 12-2-2024

Prices are trading near a resistance zone within the range of 149.5, and it is expected that this area will limit the upward momentum. In the event of a breakthrough above the previously mentioned resistance zone, we may target 151.00.

Support

148.80 147.5 146.3
Resistance 149.5 150

GOLD 

Daily Technical Report 12-2-2024

Prices are trading above the support zone of $2020, where it is expected that gold will trade within a narrow sideways range between the previously mentioned support zone and the minor resistance zone within the range of $2040. In the event of a breakthrough above it, we may target $2060.

Support

2015 2010
Resistance 2040 2050

2060

USOIL

Daily Technical Report 12-2-2024

The prices are trading around the minor resistance zone within the range of $76.5, and it is noticeable that selling pressure is emerging in this area, limiting the upward movement. However, in the event of a breakthrough above this zone, we may target $78.5.

Support

74.5 74 72.5
Resistance 76.5 77.3

78.5

BTCUSD 

Daily Technical Report 12-2-2024

Bitcoin rose to reach the target of $48,000, and there is an expected appearance of selling pressure in this area. However, if prices hold above these levels, we may resume the upward trajectory.

Support

48000 47000 45000
Resistance 49100 50800

52000

DowJones

Daily Technical Report 12-2-2024

Prices are trading in an upward direction, above the support zone of $38,550. If they maintain stability above this level, we may see a continuation of the upward trend. However, if the support zone mentioned earlier  is breached, we could revisit the area of $38,140.

Support

38550 38350 38140
Resistance 38800 39000

Nasdaq

Daily Technical Report 12-2-2024

Prices are trading in an upward direction, above the support zone of $17,650. If they remain stable above this level, we may see a continuation of the upward trend. However, if the support zone mentioned earlier  is breached, we could revisit the area of $17,100.

Support

17650 17450 17370
Resistance 18000 18200

18500

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