Technical analysis USA.30 for 07.11.2022
The Tenkan-sen line is located below the Kijun-sen line. Red is directed upwards, 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 upwards, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from descending to ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 32785.00. The closest support is the level 32360.00
Key levels
- 33435.00, 33085.00, 32785.00, 32360.00, 32040.00, 31690.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 32785.00, with Take Profit of 33085.00 and Stop Loss of 32550.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 32360.00, with Take Profit of 32040.00 and Stop Loss of 32550.00
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.