Technical analysis USA.30 for 07.11.2023
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument corrected to the Tenkan-se line. The closest resistance is the level 34395.00. The closest support is the level 33790.00
Key levels
- 35010.00, 34730.00, 34395.00, 33790.00, 33230.00, 32745.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 34395.00, with Take Profit of 34730.00 and Stop Loss of 34100.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 33790.00, with Take Profit of 33230.00 and Stop Loss of 34100.00
Scenario
Recommendation
BUY STOP
Entry Point
34395.00
Take Profit
34730.00
Stop Loss
34100.00
Key Levels
35010.00, 34730.00, 34395.00, 33790.00, 33230.00, 32745.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
33790.00
Take Profit
33230.00
Stop Loss
34100.00
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.