Technical analysis GER.30 for 22.02.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 14585. The closest resistance is the level 14845

Key levels

• 15550, 15325, 15100, 14845, 14585, 14400, 14200

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 14585, with Take Profit of 14845 and Stop Loss of 14400

Alternative scenario

• Recommended opening short positions (Sell Limit) from the level of 14845, with Take Profit of 14400 and Stop Loss of 15100