Technical analysis GER.30 for 08.03.2022

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 12435.00. The closest resistance is the level 13080.00

Key levels

• 14125.00, 13480.00, 13080.00, 12435.00, 11825.00, 11405.00, 10755.00

Trading scenario

• Recommended opening short positions (Sell) at the current price, with Take Profit of 11825.00 and Stop Loss of 13480.00

Alternative scenario

• Recommended opening long positions (Buy Limit) from the level of 11825.00, with Take Profit of 12435.00 and Stop Loss of 11405.00