Cannot fetch data from server.

Daily Technical Report 10-6-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 11

DOLLAR INDEX

DXY

US Dollar Index has rebounded from the support level at 104, suggesting that we might test the 105.55 level again. This scenario becomes invalid if the previously mentioned support level is broken to the downside.

Support

 104 103.6 103
Resistance 105.35 105.55

–

EURUSD

EURUSD

The EUR/USD pair has dropped from the resistance area around 1.0880 and is now testing the main support area at 1.0740. It is likely that this support area will limit the downward momentum in today’s trading.

Support

 1.0740 1.0720 1.0675
Resistance 1.0770 1.0800

1.0880

DOW JONES

DOW JONES

The Dow Jones Index has dropped from near the resistance area at 39,000, and it is likely that prices will continue to move sideways and test the support area at 38,150. This scenario becomes invalid if the previously mentioned resistance area is broken to the upside.

Support

 38600 38450 38200
Resistance 39050 39200

39450

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

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.

You might also like More from author
Leave A Reply

Your email address will not be published.

[email protected]
REACH OUT TO US
Privacy Policy | AML Policy | Terms & Conditions | Security Of Funds | Risk Disclosure
Licensing and Regulation: LDN GLOBAL MARKETS LLC is an officially licensed broker holding an International Brokerage License in Saint Vincent and the Grenadines, numbered 1547 LLC. The registered address is Richmond Hill Rd, Kingstown, St. Vincent and the Grenadines, VC0100. Additionally, LDN GLOBAL MARKETS LLC is registered with license number T2023240 on Bonovo Road in Fomboni, Island of Mohéli, Comoros Union.
Licensing and Regulation: LDN GLOBAL MARKETS LLC is a fully licensed broker holding an International Brokerage License in Saint Vincent and the Grenadines, numbered 1547 LLC. The registered address is Richmond Hill Rd, Kingstown, St. Vincent and the Grenadines, VC0100.
Other entity within the group: LDNGM FINTECH SERVICES LTD (registration No. HE 432187, registered at Spyrou Kyprianou & Ayias Fylaxeos 182, Kofteros Business Center, Floor 2, Flat 201, 3083) provide content and perform operational management of the business.
Risk Warning : Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading in contracts for the difference carries a high level of risk, as trading on margin can be to your advantage or disadvantage. As a result, CFDs may not be suitable for all investors as you may lose all your invested capital. You should not risk more than you can lose. Please ensure that you fully understand the risks involved in this trade, and seek independent advice if necessary before entering into such transactions. Please read the risk disclosure statement on this website
LDN GLOBAL MARKETS is committed to the highest standards of the Anti-Money Laundering (AML) compliance and Counter-Terrorism Financing (CTF). To help the governments first and the financial services industry fight the funding of terrorism and money laundering activities, law requires all financial institutions to obtain, verify, and record information that identifies each person opening an account. Since LDN Global Markets is not under the supervision of ESMA, it is not involved with any acts considered to be offering financial products and solicitation for financial services to the European Union countries and this website is not aimed at residents in the European Union countries.
Restricted Regions : LDN Global Markets does not provide its services to citizens and residents of certain jurisdictions such as United States of America, United Kingdom, Canada, Japan, EU countries, Iran, Israel and North Korea.
Copyright ©2015 – 2024 LDN Global Markets all rights reserved.