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Daily Technical Report 4-9-2024

Technical Analysis
By Shady Fouad
ENGLISH
0 10

DOW JONES

DOW JONES

The Dow Jones Index broke below the $41,350 level, reaching the target of $40,950. If prices remain below this level, it is likely to target the support zone at $40,500. This scenario would be invalidated if the $40,950 level is breached again to the upside.

Support

 40600 40500 40000
Resistance 40950 41350

–

NASDAQ

NASDAQ

The Nasdaq Index declined in previous trading sessions, breaking below the $19,100 level. It is likely to target the support zone at $18,500. This scenario would be invalidated if the $19,100 level is breached again to the upside.

Support

 18500 18000 17750
Resistance 19100 19600

19900

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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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