Cannot fetch data from server.

Daily Technical Report 22-7-2024

0 7

DOLLAR INDEX

DXY

The Dollar Index is trading around the resistance area at 104.00. If it breaks above this level, it could target 105.00. This scenario is invalidated if it breaks below the minor support area at 103.85.

Support

103.85 103.60 103
Resistance 104 104.20

105

EURUSD

EURUSD

The EUR/USD pair is trading below the 1.0910 resistance area. If it breaks above this level, it could target 1.0975. This scenario is invalidated if it breaks below the 1.0875 support area again.

Support

1.0875 1.0850 1.0800
Resistance 1.0910 1.0940

1.0975

GBPUSD

GBPUSD

The GBP/USD pair is trading above the 1.2915 support area. If it remains above this level, it could target 1.3010. This scenario is invalidated if it breaks below the aforementioned support area.

Support

1.2915 1.2860 1.2800
Resistance 1.3010 1.3080

1.3120

USDJPY 

USDJPY

The USD/JPY pair is trading around the 157.40 support area. If it remains above this level, it could target the 158.80 resistance area. This scenario is invalidated if it breaks below 157.

Support

157.4 156.4 155.40
Resistance 157.75 158.80

159.75

GOLD

GOLD

Gold is trading in an upward trend on the medium term, below a resistance area ranging from $2412 to $2418. If it breaks above this range, it could target $2440. However, it is likely that prices will move sideways today between the support area of $2385 and the aforementioned resistance area.

Support

2400 2385 2370
Resistance 2412 2418

2440

USOIL

USOIL

Oil is trading above the support area of $78. If it breaks below this level, it could target $75. However, it is likely that prices will rebound today and retest the resistance area of $79.45.

Support

78.50 78 77.40
Resistance 79.45 81.25

82

BTCUSD

BTCUSD

Bitcoin has broken above the $66,000 level, and it is likely to target the $69,450 area. This scenario is invalidated if the support area of $66,000 is broken downwards.

Support

66800 66000 63800
Resistance 68545 69450

71250

DOW JONES

DOW JONES

The Dow Jones index is trading in an upward trend in the medium term. Prices have fallen from the $40,950 level down to the support area around $40,350. If prices hold above this support area, it is likely that the upward movement will resume. However, if this support area is broken downwards, the index may retest the $39,800 level.

Support

40350 40060 39800
Resistance 40670 40950

41450

NASDAQ

NASDAQ

The Nasdaq index broke below the $19,800 level and reached near the support area around $19,500. If it holds above this support area, it is likely to target the $19,800 level. This scenario is invalidated if the support area is broken downwards.

Support

19500 19250 19000
Resistance 19800 20000

20180

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Leave A Reply

Your email address will not be published.