Technical analysis USA.30 for 24.11.2021
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 35531.50. The closest resistance is the level 35702.80
Key levels
- 35332.75, 36167.50, 36033.25, 35910.75, 35809.50, 35702.80, 35531.50, 35333.25
Trading scenario
- Recommended opening short positions (Sell Limit) from the level of 35673.90, with Take Profit of 35531.50 and Stop Loss of 35702.80
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 35809.50, with Take Profit of 35910.75 and Stop Loss of 35702.80
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.