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Daily Technical Report 18-3-2024

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DOLLAR INDEX

Daily Technical Report

Prices rebounded from the support zone at 102.30, where it was likely to limit the downward momentum. With this, we may target the area around 104.

Support

102.40 102.20 101.70
Resistance 103.15 103.75

104

EURUSD 

Daily Technical Report

The selling pressure persisted, leading to a decline in prices until they reached support levels in the range of $1.0900. If the lower boundary of the upward channel is breached, prices are expected to target the $1.0785 area. This scenario would be invalidated if prices re-entered the $1.0900 level to the upside again.

Support

1.0865 1.0840 1.0800
Resistance 1.0900 1.0950

1.0980

GBPUSD 

Daily Technical Report

Prices are trading below resistance areas in the $1.2755 range, and in this scenario, we may target the $1.2630 areas. This scenario would be invalidated with a re-entry above the $1.2755 area.

Support

1.2700 1.2670 1.2630
Resistance 1.2770 1.2770

1.2895

USDJPY

Daily Technical Report

Prices are approaching the target of 149.50, where it is expected to encounter selling pressure in this area, which would limit the pace of the upward corrective movement.

Support

148.7 148 147.40
Resistance 149.25 149.55

GOLD

Daily Technical Report

The price of gold is moving upwards on the medium-term, but it encountered selling pressure around the $2195 level, resulting in a decline in prices. Currently, prices are trading around the support zone of $2140. If this zone is breached to the downside, we may test the support at $2125.

Support

2140 2125 2100
Resistance 2160 2183

2200

USOIL

Daily Technical Report

Prices have broken through secondary resistance levels in the $80 range to the upside, with an expected target of $83. This scenario would be invalidated if the price re-breaks below $79.5.

Support

79.5 77.5 75.7
Resistance 81 83

83.5

BTCUSD

Daily Technical Report

Bitcoin is moving upwards on the medium-term timeframe, but it faced strong selling pressure around $73,300, leading to a decline in prices. Currently, prices are trading near the support zone at $66,500. It is not expected that prices will be able to break above the key resistance at $73,300 in the short term.

Support

66500 63300 61000
Resistance 69000 71500

73500

DOWJONES

Daily Technical Report

The Dow Jones index is trading sideways in the short term, between the support at $38,500 and the previous resistance zone at $39,300. In the event of prices breaking above these levels, a further upward movement is likely, resuming the medium-term uptrend. However, this scenario would be invalidated if the key support level at $38,000 is broken to the downside.

Support

38750 38500 38200
Resistance 39000 39150

39300

NASDAQ 

Daily Technical Report

The Nasdaq index is trading sideways in the short term. If prices remain above the $17850 level, it’s likely to target the zone around $18330. However, this scenario would be invalidated if prices break below the $17850 level.

Support

17650 17450 17320
Resistance 17850 18100

18350

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