Technical analysis USA.30 for 29.02.2024
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 ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 38993.00. The closest support is the top of the cloud
Key levels
39265.00, 39102.00, 38993.00, 38795.00, 38650.00, 38505.00
Trading scenario
Recommended opening long positions (Buy Stop) from the level of 38993.00, with Take Profit of 39102.00 and Stop Loss of 38890.00
Alternative scenario
Recommended opening short positions (Sell Stop) from the level of 38795.00, with Take Profit of 38650.00 and Stop Loss of 38890.00
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.