Technical analysis USA.30 for 20.07.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains 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 resistance is the level 35150.00. The closest support is the level 34600.00

Key levels

• 36000.00, 35500.00, 35150.00, 34600.00, 34245.00, 33970.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 35150.00, with Take Profit of 35500.00 and Stop Loss of 34850.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 34600.00, with Take Profit of 34245.00 and Stop Loss of 34850.00