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Daily Technical Report 28-2-2024

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DOLLAR INDEX

Daily Technical Report

Prices are trading below the resistance levels in the range of 103.85. In this case, we may retest the support zone around 102.75. This scenario would be invalidated with a breakout above the resistance level of 104.40.

Support

103.40 102.75
Resistance 104.10 104.80

105.25

EURUSD

Daily Technical Report

Prices are trading above support levels in the range of 1.0830. In this case, we may target 1.0900 again. This scenario would be invalidated with a breakdown below the secondary support zone of 1.0800.

Support

1.0800 1.0785 1.0750
Resistance 1.0865 1.0900

1.0935

GBPUSD 

Daily Technical Report

Prices are trading above the area of 1.2630. In the case of maintaining levels above this area, we may target 1.2800. This scenario would be invalidated with a breakdown below 1.2630 once again.

Support

1.2630 1.2530 1.2500
Resistance 1.2700 1.2750

1.2800

USDJPY 

Daily Technical Report

Prices are trading above important support levels within the range of 149.5. With the prices stabilizing above these levels, it is expected that the upward movement will resume. This scenario is negated if the support zone mentioned earlier is broken to the downside.

Support

149.80 149.5 148.5
Resistance 150.8 151

151.50

GOLD 

Daily Technical Report

The prices are trading in a narrow sideways range between the secondary resistance area at $2040 and the support area at $2025. In the case of breaking below $2025, we may target $2015. On the other hand, if we see a breakout above the resistance zones to the upside, we may target $2060.

Support

2025 2015 1995
Resistance 2035 2045

2060

USOIL 

 

Daily Technical Report

Prices are trading around a significant resistance area in the range of $78.5, which is expected to limit the pace of the upward movement. With this, we may target $75.70. This scenario would be invalidated with a breakout above the previously mentioned resistance zones to the upside.

Support

77.25 75.7 74.5
Resistance 78.3 78.8

BTCUSD 

Daily Technical Report

Bitcoin is moving in an upward direction on the medium term, with prices rising rapidly in recent trading sessions. It is likely that we will witness a relative calm in the pace of the upward movement before it resumes.

Support

55000 53700 52800
Resistance 57000 60000

63000

DOWJONES

Daily Technical Report

The Dow Jones index is trading in an upward direction on the medium term, and it is likely to test the support area around $38,750 before resuming this trend.

Support

38800 38550
Resistance 39050 39300

39700

NASDAQ

Daily Technical Report

The Nasdaq index is trading above the support zone of $17,950, and if it holds above this level, there is a likelihood of the upward trend continuing.

Support

17950 17650 17450
Resistance 18000 18250

18450

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