Technical analysis USA.30 for 24.08.2023
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 trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 34680.00. The closest support is the level 34175.00
Key levels
- 35340.00, 34910.00, 34680.00, 34175.00, 33980.00, 33735.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 34680.00, with Take Profit of 34910.00 and Stop Loss of 34550.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 34175.00, with Take Profit of 33980.00 and Stop Loss of 34550.00
Scenario
Recommendation
BUY STOP
Entry Point
34680.00
Take Profit
34910.00
Stop Loss
34550.00
Key Levels
35340.00, 34910.00, 34680.00, 34175.00, 33980.00, 33735.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
34175.00
Take Profit
33980.00
Stop Loss
34550.00
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.