Technical analysis GER.30 for 28.02.2022

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 14060. The closest resistance is the level 14330

Key levels

• 15450, 15260, 15085, 14935, 14735, 14540, 14330, 14060, 13755, 13415

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 14060 and Stop Loss of 14330

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14330, with Take Profit of 14540 and Stop Loss of 14200