NASDAQ 29-1-2024

Technical Analysis

By Shady Fouad On Jan 29, 2024

NASDAQ 29-1-2024.

Prices broke above the resistance zone at 17100, and they are currently trading above the target of 17350. If prices hold above these levels, we may see a continuation of the upward trend. However, if the prices drop below 17300 again, it could negate this scenario and suggest a potential reversal to the downside.

Support	17370	17100	16900
Resistance	17550	17550	18000

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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