Technical analysis USA.30 for 31.08.2023

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 35155.00. The closest support is the level 34835.00

Key levels

• 35540.00, 35340.00, 35155.00, 34835.00, 34680.00, 34445.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 35155.00, with Take Profit of 35340.00 and Stop Loss of 35050.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 34835.00, with Take Profit of 34680.00 and Stop Loss of 35050.00