Technical analysis USA.30 for 12.02.2024

The Tenkan-sen line is located below the Kijun-sen line. Blue is directed upwards, while red 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 38850.00. The closest support is the level 38550.00

Key levels

• 39535.00, 39170.00, 38850.00, 38550.00, 38100.00, 37800.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 38850.00, with Take Profit of 39170.00 and Stop Loss of 38695.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 38550.00, with Take Profit of 38100.00 and Stop Loss of 38695.00