Technical analysis NAS100 for 31.01.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is descending. Instrument entered the cloud. The closest support is the level 14370. The closest resistance is the level 14690
Key levels
- 16020.00, 15500.00, 15190.00, 14940.00, 14690.00, 14370.00, 13865.00, 13475.00, 13100.00
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 14370.00, with Take Profit of 13865.00 and Stop Loss of 14690.00
Alternative scenario
- Recommended opening long positions (Buy Limit) from the level of 14690.00, with Take Profit of 15190.00 and Stop Loss of 14370.00
Scenario
Recommendation
SELL STOP
Entry Point
14370.00
Take Profit
13865.00
Stop Loss
14690.00
Key Levels
16020.00, 15500.00, 15190.00, 14940.00, 14690.00, 14370.00, 13865.00, 13475.00, 13100.00
Alternative scenario
Recommendation
BUY LIMIT
Entry Point
14690.00
Take Profit
15190.00
Stop Loss
14370.00
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
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.