Technical analysis USA.30 for 17.07.2023
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed upwards, while red remains 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 resistance is the level 34570.00. The closest support is the level 34310.00
Key levels
- 35000.00, 34750.00, 34570.00, 34310.00, 34035.00, 33780.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 34570.00, with Take Profit of 34750.00 and Stop Loss of 34450.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 34310.00, with Take Profit of 34035.00 and Stop Loss of 34450.00
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.