Technical analysis USA.30 for 03.08.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, 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 downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud turned over from ascending to descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 35360.00. The closest support is the level 35064.00
Key levels
- 35646.00, 35500.00, 35360.00, 35064.00, 34787.00, 34580.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 35360.00, with Take Profit of 35500.00 and Stop Loss of 35210.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 35064.00, with Take Profit of 34787.00 and Stop Loss of 35210.00
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.