Technical analysis USA.30 for 07.11.2023

The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 34395.00. The closest support is the level 33790.00

Key levels

• 35010.00, 34730.00, 34395.00, 33790.00, 33230.00, 32745.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 34395.00, with Take Profit of 34730.00 and Stop Loss of 34100.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 33790.00, with Take Profit of 33230.00 and Stop Loss of 34100.00