Technical analysis GER.30 for 25.05.2022

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 13940. The closest resistance is the level 14095

Key levels

• 14295, 14095, 13940, 13770, 13565, 13345

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 13940, with Take Profit of 13770 and Stop Loss of 14095

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14090, with Take Profit of 14295 and Stop Loss of 13940