Technical analysis USA.30 for 23.02.2024

Tenkan-sen and Kijun-sen lines are merged. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 39170.00. The closest support is the level 38850.00

Key levels

39740.00, 39450.00, 39170.00, 38850.00, 38550.00, 38230.00

Trading scenario

Recommended opening long positions (Buy Stop) from the level of 39170.00, with Take Profit of 39450.00 and Stop Loss of 39000.00

Alternative scenario

Recommended opening short positions (Sell Stop) from the level of 38850.00, with Take Profit of 38550.00 and Stop Loss of 39000.00