Technical analysis USA.30 for 19.10.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 33600. The closest resistance is the level 33800
Key levels
- 34000, 33800, 33600, 33475, 33275
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 33600, with Take Profit of 33800 and Stop Loss of 33475
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 33475, with Take Profit of 33275 and Stop Loss of 33600
Scenario
Recommendation
BUY LIMIT
Entry Point
33600
Take Profit
33800
Stop Loss
33475
Key Levels
34000, 33800, 33600, 33475, 33275
Alternative scenario
Recommendation
SELL STOP
Entry Point
33475
Take Profit
33275
Stop Loss
33600
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.