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Daily Technical Report 4-7-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 13

DOLLAR INDEX

DXY

The dollar index fell in yesterday’s trading until it tested the secondary support area at 104.65. If it breaks below this level, we may target 104.00. However, prices are likely to rebound upwards and test the 105.55 area in the upcoming trading sessions.

Support

 104.65 104 –
Resistance 105.55 106

106.35

NASDAQ

NASDAQ

The Nasdaq index is moving in an upward trend in the medium term, which opens the way for prices to rise and form new highs. However, if prices break below the support area at $20,135, it is likely to target the $19,900 area.

Support

 20135 19900 19665
Resistance 20418 20500

20600

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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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