Technical analysis GER.30 for 17.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the top of the cloud. The closest resistance is the level 14295

Key levels

• 14555, 14295, 14095, 13940, 13790, 13565, 13345

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 14095, with Take Profit of 13940 and Stop Loss of 14175

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14295, with Take Profit of 14555 and Stop Loss of 14095