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DOWJONES 19-10-2023 .

Technical Analysis
By Shady Fouad
1 86

DOWJONES 19-10-2023 .

This week, prices have been trading within a narrow range. Despite breaking above the 33,855 level, they failed to reach the target of 34,500 and instead prices resumed their decline. Currently, we are testing the support zone at 33,700 again. It is expected that prices will bounce back to the upside again. However, if the prices break  this support, our target could be the 32,700 range.

Support

 33700 32700 –
Resistance 33450 35000

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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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