Technical analysis GER.30 for 23.03.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 14175. The closest resistance is the level 14575

Key levels

• 15150, 14575, 14175, 13850, 13475, 13100

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 14175, with Take Profit of 14575 and Stop Loss of 13850

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 13850, with Take Profit of 13475 and Stop Loss of 14175