Technical analysis USA.30 for 18.10.2023

The Tenkan-sen line is located above the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 34140.00. The closest resistance is the level 33530.00

Key levels

• 34670.00, 34390.00, 34140.00, 33530.00, 33320.00, 33140.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 34140.00, with Take Profit of 34390.00 and Stop Loss of 33850.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 33530.00, with Take Profit of 33320.00 and Stop Loss of 33850.00