Technical analysis USA.30 for 19.02.2024

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 38575. The closest resistance is the level 38750

Key levels

• 38900, 38750, 38575, 38475, 38350

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 38575, with Take Profit of 38750 and Stop Loss of 38475

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 38475, with Take Profit of 38350 and Stop Loss of 38575