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Daily Technical Report 26-2-2024

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DOLLAR INDEX

Daily Technical Report

Prices are trading around the levels of 103.85, and in case of a close below that area, we may retest the support zone at 102.75. However, if the prices rebound, we might target the area of 105.70/106.

Support

103.70 103.40 102.75
Resistance 104.8 105.25

105.70

EURUSD 

Daily Technical Report

Prices are trading above the support zone of $1.0785, and if they remain above this level, we may target $1.0900 again. However, this scenario would be invalidated if the support zone mentioned earlier is broken to the downside once again.

Support

1.0800 1.0785 1.0750
Resistance 1.0835 1.0900

1.0935

GBPUSD 

Daily Technical Report

Prices are trading above the 1.2630 area, and if they maintain this level, we may target the 1.2800 area. However, this scenario would be invalidated if the prices break below 1.2630 again.

Support

1.2630 1.2530 1.2500
Resistance 1.2700 1.2750

1.2800

USDJPY 

Daily Technical Report

Prices are trading above important support levels within the range of 149.5. With the prices stabilizing above these levels, it is expected that the upward movement will resume. This scenario is negated if the support zone mentioned earlier is broken to the downside.

Support

149.80 149.5 148.5
Resistance 150.8 151

151.50

GOLD

Daily Technical Report

Prices have risen to the minor resistance zone within the range of $2040. In the event of a breakout above these levels, we may target $2060. This scenario would be negated if the prices break below the support zone of $2025.

Support

2015 1995 1985
Resistance 2035 2045

2060

USOIL 

Daily Technical Report

Prices have declined from a significant resistance zone within the range of $78.5. It was expected that this zone would limit the upward movement, and now we may target $74.

Support

75.5 74.5 74
Resistance 76.7 78.3

78.8

BTCUSD 

Daily Technical Report

Bitcoin is moving in an upward direction on the medium term and is facing selling pressure in the range of $51,650 to $52,000. With stability above the $51,650 levels, it is likely that the upward trend will continue.

Support

50700 50000 48000
Resistance 51650 52000

52500

DOWJONES

Daily Technical Report

The Dow Jones index is trading in an upward direction on the medium term, and it is likely to continue in this direction.

Support

39000 38800 38550
Resistance 39300 39700

NASDAQ 

Daily Technical Report

The Nasdaq index is trading above the support zone of $17,950, and if it holds above this level, there is a likelihood of the upward trend continuing.

Support

17950 17650 17450
Resistance 18000C 18250

18450

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