AAPL
$189.99
(+0.01%)
GOOG
$178.02
(+0.96%)
GOOGL
$176.40
(+0.81%)
AMZN
$182.15
(+0.78%)
MSFT
$430.32
(+0.04%)
FB
$196.64
(+0.51%)
BRK.B
$403.90
(-0.86%)
BABA
$80.58
(-0.84%)
JPM
$199.50
(-0.6%)
JNJ
$144.38
(-1.76%)
BAC
$39.32
(-0.96%)
XOM
$114.86
(+1.27%)
WFC
$59.48
(-1.21%)
V
$270.98
(-1.28%)
WMT
$65.04
(-0.52%)
RDS.B
$51.06
(0%)
RDS.A
$51.04
(0%)
INTC
$31.06
(+1.11%)
T
$17.27
(-1.31%)
UNH
$503.68
(-0.88%)
CSCO
$46.28
(-0.3%)
PTR
$43.88
(0%)
NVS
$99.68
(-0.85%)
PFE
$28.30
(-2.01%)
TSM
$159.41
(-0.37%)

Daily Technical Report 2-4-2024

0 4

DOLLAR INDEX

DXY

The index rose in previous sessions until it reached the target of 104.75. If this level is breached to the upside, the dollar index may regain its upward trend in the short term. However, this scenario would be invalidated if 103.75 is broken once again to the downside.

Support

104.5 104 103.75
Resistance 104.75 105.7

EURUSD 

EURUSD

The prices broke below the 1.0785 level in previous trading sessions. In this scenario, we might target 1.0700, but this scenario would be invalidated if the prices rise again and re-cross above 1.0785.

Support

1.0770 1.0750 1.0700
Resistance 1.0800 1.0835

1.0865

GBPUSD

GBPUSD

The prices are trading within a range between the resistance area at 1.2775 and the support area at 1.2530. It is expected that prices will bounce higher from these levels. However, if the support zone mentioned earlier is broken downwards, we may witness a sharp decline in prices.

Support

1.2520 1.2420 1.2320
Resistance 1.2590 1.2640

1.2670

USDJPY

USDJPY

The prices are currently trading below the key resistance level at 152. Consequently, it is likely that prices will test the support zone around 150.50. It is anticipated that the USD/JPY pair will remain range-bound in the short term between the support and resistance levels mentioned earlier. However, in the event of a breakout above the 152 level, we may witness a sharp uptrend in prices.

Support

151.15 151 150.50
Resistance 152

GOLD

GOLD

The gold prices have recently reached new historical highs, confirming its upward trend in the medium term. This opens up the possibility for prices to target new areas to the upside. However, if prices break below the support zone at 2225$, we may target the 2150$ level to the downside.

Support

2225 2210 2200
Resistance 2265 2280

2300

USOIL 

USOIL

The oil prices rose in the previous trading sessions, nearing resistance levels around the $83 range. If these levels are breached to the upside, we may target $85. However, this scenario would be invalidated if the prices break below the $82.5 support level.

Support

82.5 81.65 80.5
Resistance 83.95 84.9

85.90

BTCUSD 

BTCUSD

The prices are currently trading below the $68,150 level, which has now become a secondary resistance area. In this case, we might retest the $60,800 level. However, if the resistance area mentioned above is breached to the upside, we may test the previous peak in the $73,000 range.

Support

66000 64300 60800
Resistance 68150 71300

73300

DOWJONES

DOW JONES

The Dow Jones index is currently trading in an upward direction on the medium term. However, prices have failed to sustain above the previous peak near the $40,000 level. Therefore, we may target $39,300, and if that area is also breached to the downside, we could test $38,500.

Support

39300 38800
Resistance 40050 40350

40500

NASDAQ

NASDAQ

The Nasdaq index is trading sideways in the short term. If prices break above the $18,500 level, we may target the $18,800 region. However, if the minor support around $18,170 is broken downwards, we could target $17,850.

Support

18170 18000 17850
Resistance 18350 18500

18800

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