Daily Technical Report 30-7-2024

Technical Analysis

By Shady Fouad On Jul 30, 2024

DOLLAR INDEX

The Dollar Index rebounded from the support area at 104, and thus we may target the 105 area. This scenario is invalidated if the support area at 103.85 is broken to the downside.

Support	104	103.85	103.60
Resistance	104.50	104.85	105

BTCUSD

Bitcoin fell from the resistance area at $70,100 down to the support area around $66,000, which is likely to limit the pace of the decline in today’s session.

Support	66000	64500	63800
Resistance	68000	70100	71800

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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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