Technical analysis NAS100 for 10.01.2024
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 16750.00. The closest support is the level 16480.00
Key levels
- 17120.00, 16930.00, 16750.00, 16480.00, 16345.00, 16160.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 16750.00, with Take Profit of 16930.00 and Stop Loss of 16550.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 16480.00, with Take Profit of 16345.00 and Stop Loss of 16550.00
Scenario
Recommendation
BUY STOP
Entry Point
16750.00
Take Profit
16930.00
Stop Loss
16550.00
Key Levels
17120.00, 16930.00, 16750.00, 16480.00, 16345.00, 16160.00
Alternative scenario
Recommendation
SELL STOP
Entry Point
16480.00
Take Profit
16345.00
Stop Loss
16550.00
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.