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Daily Technical Report 2-5-2024

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EURUSD

EURUSD

Prices are trading below resistance areas in the range of 1.0740, with a likely target of 1.0620. This scenario is invalidated in case of a breakthrough above the previously mentioned resistance areas.

Support

1.0650 1.0630 1.0600
Resistance 1.0730 1.0750

1.0850

GBPUSD

GBPUSD

The GBP/USD pair is trading at a resistance area in the range of 1.2530, with a likely target of the support zone at 1.2435. This scenario is invalidated by a re-break above the previously mentioned resistance area.

Support

1.2450 1.2425 1.2300
Resistance 1.2550 1.2580

1.2680

USDJPY

USDJPY

Prices are trading below the resistance zone at 156, with a likely  target 153.80. This scenario is invalidated by a breakthrough above the previously mentioned resistance zone.

Support

154.7 153.8 152.85
Resistance 156 158

160

GOLD

The prices are moving within a sideways range, with a likely target at $2265. This scenario is invalidated by a re-break above $2355.

Support

2275 2265 2230
Resistance 2330 2355

2370

USOIL

USOIL

Oil prices broke below the support levels at $80.50, indicating a potential target of $76.

Support

78.5 77.5 76.5
Resistance 80.5 82

83.5

BTCUSD

BTCUSD

Bitcoin has broken below the significant support level of $60,000, suggesting a potential target of $51,000 if it breaks below $56,500.

Support

56500 52000 51000
Resistance 60800 64700

65300

DOW JONES

DOW JONES

Dow Jones index is trading sideways between the support zone at $37,800 and the resistance zone within the range of $38,500. It is likely that the sideways movement will continue in today’s trading.

Support

37800 37500 37200
Resistance 38100 38500

39000

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