Technical analysis USA.30 for 04.10.2023
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 below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 33140.00. The closest support is the level 32745.00
Key levels
- 33530.00, 33320.00, 33140.00, 32745.00, 32510.00, 32300.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 33140.00, with Take Profit of 33320.00 and Stop Loss of 32950.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 32745.00, with Take Profit of 32510.00 and Stop Loss of 32950.00
Scenario
Recommendation
BUY STOP
Entry Point
33140.00
Take Profit
33320.00
Stop Loss
32950.00
Key Levels
33530.00, 33320.00, 33140.00, 32745.00, 32510.00, 32300.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
32745.00
Take Profit
32510.00
Stop Loss
32950.00
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.