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Daily Technical Report 22-2-2024

Technical Analysis
By Shady Fouad
ENGLISH 22-2
0 17

DOLLAR INDEX

Daily Technical Report

Prices are trading around the levels of 103.75, and in case of a close below that area, we may retest the support zone at 102.75. However, if the prices rebound, we might target the area of 105.70/106.

Support

 103.70 103.40 102.75
Resistance 104.8 105.25

105.70

NASDAQ

Daily Technical Report

The prices are moving within a descending channel, where its upper boundary aligns with a secondary resistance zone in the range of $17,850-$17,950. It is likely that we will face selling pressure in those areas. However, if the aforementioned resistance is breached to the upside, we may resume the upward trend in the medium term.

Support

 17650 17450 17370
Resistance 17850 17950

1800

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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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