Daily Technical Report 27-8-2024

Technical Analysis

By Shady Fouad On Aug 27, 2024

NASDAQ

The Nasdaq Index is trading around the support area of 19,500. A break below this level could lead to targeting 19,000. However, it is likely that prices will rebound from this area upwards and retest the resistance area of 19,900.

Support	19500	19350	19000
Resistance	19900	20200	20500

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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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