Technical analysis GER.30 for 28.02.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 14060. The closest resistance is the level 14330
Key levels
- 15450, 15260, 15085, 14935, 14735, 14540, 14330, 14060, 13755, 13415
Trading scenario
- Recommended opening short positions (Sell) at the current price, with Take Profit of 14060 and Stop Loss of 14330
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 14330, with Take Profit of 14540 and Stop Loss of 14200
Scenario
Recommendation
SELL
Entry Point
Take Profit
14060
Stop Loss
14330
Key Levels
15450, 15260, 15085, 14935, 14735, 14540, 14330, 14060, 13755, 13415
Alternative scenario
Recommendation
BUY STOP
Entry Point
14330
Take Profit
14540
Stop Loss
14200
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.