Daily Technical Report 23-7-2024

Technical Analysis

By Shady Fouad On Jul 23, 2024

NASDAQ

The Nasdaq index bounced from near the support area of $19,500, reaching the resistance area around $19,800. If this resistance is broken to the upside, the price may target the $20,180 area. This scenario will be invalidated if the previously mentioned support area is broken to the downside.

Support	19665	19580	19500
Resistance	19800	20000	20180

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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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