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Daily Technical Report 14-8-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 9

DOW JONES

DOW JONES

The Dow Jones Index is trading around the resistance zone at $39,800. If it breaks above this level, it is likely to target the secondary resistance zone at $40,500. This scenario will be invalidated if the support level at $39,550 is broken to the downside.

Support

 39550 39245 39000
Resistance 39800 40500

40950

NASDAQ

NSDAQ

The Nasdaq index rose in previous trading sessions, reaching levels of $19,075. If it breaks above this level, it is likely to target the $19,500 zone. This scenario will be invalidated if the minor support level at $18,850 is broken to the downside.

Support

 18850 18500 18300
Resistance 19135 19500

19950

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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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