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Daily Technical Report 6-3-2024

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DOLLAR INDEX 

Daily Technical Report

The prices are trading in a narrow range between the resistance zone at 104.15 and the support at 103.4. It is likely that the sideways trend will continue in the short term.

Support

103.50 103.15 102.75
Resistance 104.10 104.80

105.25

EURUSD 

Daily Technical Report

The prices are trading in a narrow sideways range between 1.0860 and 1.0800. In the event of a breakdown below this range, the target could be 1.0700. Conversely, if there is a breakthrough above the resistance zones at 1.0900, the target might be 1.1000.

Support

1.0800 1.0785 1.0750
Resistance 1.0855 1.0900

1.0935

GBPUSD 

Daily Technical Report

The prices are trading above the level of 1.2630, and in this case, we may target the area of 1.2800. This scenario is ruled out with a renewed break below 1.2630.

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 150.8 150.8

151.50

GOLD 

Daily Technical Report

Prices rose rapidly in the previous trading sessions, reaching the target within the range of $2140. It is likely that this zone will act as resistance and limit the upward momentum.

Support

2100 2085 2060
Resistance 2140

USOIL 

Daily Technical Report

The prices are trading around a secondary support zone within the range of $77. In case of a breakdown below this level, we may target $75.70. On the other hand, if the previous peak within the range of $80.50 is breached to the upside, we may target the zone around $83.

Support

77.25 75.7 73
Resistance 78.5 80.5

83

BTCUSD 

Daily Technical Report

Bitcoin is moving upward on the medium-term, and prices have risen rapidly in previous sessions, reaching the range of $68,500. With prices maintaining levels higher than $64,000, the continuation of the upward trend is likely.

Support

65000 64200 63000
Resistance 69000

DOWJONES

Daily Technical Report

Dow Jones index has broken below the support zone at $38,750, reaching new support levels around $38,500. It is likely that prices will rise again and resume the upward trend in the medium term. This scenario would be invalidated if the key support zone at $38,000 is broken to the downside.

Support

38500 38200 38000
Resistance 38750 39050

39300

NASDAQ 

Daily Technical Report

The Nasdaq index is trading in an upward direction on the medium-term, and there is a likelihood of continuing this trend on the short-term as long as prices remain above the $17,950 level.

Support

17950 17650 17450
Resistance 18150 18350

18450

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