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Daily Technical Report 18-6-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 28

DOLLAR INDEX

DXY

The US Dollar Index is moving in a wide sideways range between the support area at 104 and the resistance area at 105.55. If it breaks above 105.55, the target may be 106.35. It is likely that the sideways movement will continue in today’s trading.

Support

 104.50 104 103.60
Resistance 105.35 105.55

–

NASDAQ

NASDAQ

The Nasdaq Index broke through its main peak upwards, confirming the dominance of buying power and opening the door to targeting new highs. However, if prices fail to remain above the $19,680 area, we may retest the support area of $19,500.

Support

 19680 19500 19275
Resistance 20000 20100

20200

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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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