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Daily Technical Report 11-3-2024

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DOLLAR INDEX 

Daily Technical Report

The prices are trading within the range of $102.70, above the support zone of $102.30, where it is likely that this support will  limit  the pace of the descent.

Support

102.40 102.20 101.70
Resistance 103.15 103.75

104

EURUSD 

Daily Technical Report

Prices continued their ascent until they reached near the targets of 1.1000, where they faced selling pressure in the range of 1.0980, leading to a decline in prices. It is expected that prices will move sideways in the short term within the range between 1.0975 and 1.0900.

Support

1.0910 1.0850 1.0800
Resistance 1.0975 1.1000

GBPUSD 

Daily Technical Report

Prices have penetrated important resistance areas to the upside, and it is likely that the upward momentum will continue, targeting 1.2975. This scenario is negated if the prices fall below 1.2800 again.

Support

1.2825 1.2785 1.2700
Resistance 1.2890 1.2960

1.3000

USDJPY 

Daily Technical Report

Prices are trading above support levels in the range of 146.4, and with prices stabilizing above these levels, the expectation is to target 147.80. However, if the support is broken downwards, the target could be 145.

Support

146.40 145.85 145
Resistance 147.80 148

148.60

GOLD

Daily Technical Report

Prices rose rapidly in the previous trading sessions, reaching $2195. With prices maintaining trading above $2160, it is expected that the upward trend will continue.

Support

2160 2140 2120
Resistance 2180 2200

2220

USOIL 

Daily Technical Report

Prices are trading below the resistance zone of $77.25, and in this case, we may target $75.70. However, if prices bounce back again and break above the previously mentioned resistance zone, we may target the previous peak in the range of $80.50.

Support

75.7 74 72.70
Resistance 77.25 80.5

83

BTCUSD

Daily Technical Report

Bitcoin is moving in an upward direction on the medium term, and with prices maintaining levels higher than $66,500, it is likely that the upward trend will continue.

Support

66500 64000 60750
Resistance 70000 73400

75000

DOWJONES 

Daily Technical Report

The Dow Jones index is trading around the $38,750 level, and with the prices holding above these levels, a further rise in prices is likely, resuming the upward trend in the medium term. This scenario would be invalidated if the key support level at $38,000 is broken downward.

Support

38600 38500 38200
Resistance 38975 39050

39300

NASDAQ

Daily Technical Report

The Nasdaq index is trading in an upward direction on the medium-term, and there is a likelihood of continuing this trend on the short-term as long as prices remain above the $17,950 level.

Support

17950 17650 17450
Resistance 18200 18350

18450

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