Technical analysis USA.30 for 06.03.2024
Intraday
Technical
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. Confirmatory line Chikou Span is below the price chart
Tenkan-sen and Kijun-sen lines are merged. Both lines are directed downward. 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 support is the level 38450. The closest resistance is the level 38800
Key levels
- 39200, 38800, 38450, 38100, 37600
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 38450, with Take Profit of 38100 and Stop Loss of 38800
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 38800, with Take Profit of 39200 and Stop Loss of 38450
Scenario
Recommendation
SELL STOP
Entry Point
38450
Take Profit
38100
Stop Loss
38800
Key Levels
39200, 38800, 38450, 38100, 37600
Alternative scenario
Recommendation
BUY STOP
Entry Point
38800
Take Profit
39200
Stop Loss
38450
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.