Daily Technical Report 29-8-2024

Technical Analysis

By Shady Fouad On Aug 29, 2024

DOW JONES

The Dow Jones index tested the support level of $40,950 and bounced back towards the resistance level of $41,420. If it breaks above this level, we may witness the formation of new highs. However, it is likely that prices will move sideways between the mentioned resistance level and the support level of $40,950 during today’s trading.

Support	40950	40500	40000
Resistance	41300	41420	–

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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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