Technical analysis NAS100 for 15.03.2022

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 traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 13295. The closest support is the level 13080

Key levels

  • 13840, 13705, 13510, 13295, 13080, 12950

Trading scenario

  • Recommended opening short positions (Sell Limit) from the level of 13295, with Take Profit of 13080 and Stop Loss of 13390

Alternative scenario

  • Recommended opening long positions (Buy Stop) from the level of 13510, with Take Profit of 13705 and Stop Loss of 13300
Scenario
Recommendation
SELL LIMIT

Entry Point
13295

Take Profit
13080

Stop Loss
13390

Key Levels
13840, 13705, 13510, 13295, 13080, 12950
Alternative scenario
Recommendation
BUY STOP

Entry Point
13510

Take Profit
13705

Stop Loss
13300
Nikolai Krishtopov
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.