Technical analysis USA.30 for 19.10.2023

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 below the Tenkan-se and Kijun-sen lines. The closest support is the level 33600. The closest resistance is the level 33800

Key levels

• 34000, 33800, 33600, 33475, 33275

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 33600, with Take Profit of 33800 and Stop Loss of 33475

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 33475, with Take Profit of 33275 and Stop Loss of 33600