AAPL
$189.99
(+0.01%)
GOOG
$178.02
(+0.96%)
GOOGL
$176.40
(+0.81%)
AMZN
$182.15
(+0.78%)
MSFT
$430.32
(+0.04%)
FB
$196.64
(+0.51%)
BRK.B
$403.90
(-0.86%)
BABA
$80.58
(-0.84%)
JPM
$199.50
(-0.6%)
JNJ
$144.38
(-1.76%)
BAC
$39.32
(-0.96%)
XOM
$114.86
(+1.27%)
WFC
$59.48
(-1.21%)
V
$270.98
(-1.28%)
WMT
$65.04
(-0.52%)
RDS.B
$51.06
(0%)
RDS.A
$51.04
(0%)
INTC
$31.06
(+1.11%)
T
$17.27
(-1.31%)
UNH
$503.68
(-0.88%)
CSCO
$46.28
(-0.3%)
PTR
$43.88
(0%)
NVS
$99.68
(-0.85%)
PFE
$28.30
(-2.01%)
TSM
$159.41
(-0.37%)

Daily Technical Report 6-6-2024

0 7

DOLLAR INDEX

DXY

The Dollar Index broke the upward trendline downward and is currently trading above the support area at 104. If it breaks below this level, we might target the 103 area. However, if prices rebound from the mentioned support area, we could test the 105 area again.

Support

104 103.6 103
Resistance 104.5 105

105.55

EURUSD

EURUSD

The EUR/USD pair is trading below the resistance zone around 1.0880, which it couldn’t hold above in previous trading sessions. This opens the possibility for retesting the main support zone at 1.0800.

Support

1.0860 1.0825 1.0800
Resistance 1.0895 1.0915

1.0940

GBPUSD

GBPUSD

The GBP/USD pair is trading around the 1.2800 zone. The upper boundary of the ascending channel has limited the upward momentum in previous trading sessions. It’s likely to retest the support zone at 1.2685, and this scenario would be invalidated if it breaks above 1.2800 again.

Support

1.2760 1.2685
Resistance 1.2800 1.2825

1.2890

USDJPY

USDJPY

The USD/JPY pair rebounded to reach a resistance zone around 156.50 and then dropped again. It is likely to retest the previously mentioned resistance zone,  this scenario would be invalidated if the secondary support zone around 155.35 is broken downwards.

Support

155.35 154.5 153.8
Resistance 156.00 156.50

156.75

GOLD

GOLD

Gold is trading around the important resistance zone at $2370. Breaking above this level could target $2400. However, if prices decline from this zone, the sideways price movement might continue, potentially retesting the support zone at $2325.

Support

2350 2330 2315
Resistance 2370 2400

2430

USOIL

USOIL

Oil has broken its sideways range by breaking the support zone at $76, which could target the $71.50 zone. The $73.25 zone was expected to limit the downward acceleration. Oil may face new selling pressure around the $74.50 zone, and if it surpasses this zone upwards, selling pressure might reappear around the $76 zone.

Support

73.25 72.5 71.5
Resistance 74.30 75.6

76.15

BTCUSD

BTCUSD

Bitcoin rebounded from the support areas at $66,800 in previous trading sessions and reached the resistance area around $71,400. It is likely that this area will limit the upward momentum.

Support

68530 67750 67000
Resistance 67000 71900

72800

DOW JONES

DOW JONES

The Dow Jones Index is trading below the resistance area at 39,000. After testing this area, it is likely that prices will decline again and continue the sideways movement, retesting the support area at 38,150.

Support

38600 38450 38200
Resistance 38950 39050

39200

NASDAQ

NASDAQ

The Nasdaq index has broken above its main peak, confirming the dominance of buying power and opening the way to targeting new highs. However, if prices are unable to stay above the $18,875 zone, a retest of the support zone at $18,655 could occur.

Support

18970 18875 18705
Resistance 19100 19230

19280

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