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Daily Technical Report 2-9-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 4

DOW JONES

DOW JONES

The Dow Jones Index is moving in an upward trend in the medium term, allowing for further price increases and the formation of new highs. However, if prices break below the support level at $41,350, we may retest the $40,950 area.

Support

 41350 40950 40500
Resistance 41630 41950

–

NASDAQ

NASDAQ

The Nasdaq Index is trading around the resistance zone at $19,600. If this level is breached to the upside, we may target $19,900. This scenario would be invalidated if the minor support zone at $19,400 is broken to the downside.

Support

 19400 19300 19100
Resistance 19600 19900

20200

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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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