NASDAQ 18-12-2023

Technical Analysis

By Shady Fouad On Dec 18, 2023

NASDAQ 18-12-2023.

Current prices are trading above a crucial support zone within the range of 15800-15870. With this, the index may target its previous historical peak at 16780, which is likely to limit the upward momentum. However, if the secondary support zone within the range of 16400 is breached, we may see a retest of the main support zone at 15800.

Support	16400	16200	15900
Resistance	16780	–	–

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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