Technical analysis NAS100 for 29.07.2022
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. 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 support is the level 12750. The closest resistance is the level 13065
Key levels
- 13540, 13065, 12750, 12525, 12275, 11975, 11490
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 12750, with Take Profit of 12275 and Stop Loss of 13065
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 13065, with Take Profit of 13540 and Stop Loss of 12750
Scenario
Recommendation
SELL STOP
Entry Point
12750
Take Profit
12275
Stop Loss
13065
Key Levels
13540, 13065, 12750, 12525, 12275, 11975, 11490
Alternative scenario
Recommendation
BUY STOP
Entry Point
13065
Take Profit
13540
Stop Loss
12750
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.