Technical analysis USA.30 for 19.03.2024
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 38700. The closest resistance is the level 38950
Key levels
- 39100, 38950, 38700, 38600, 38450
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 38700, with Take Profit of 38950 and Stop Loss of 38600
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 38600, with Take Profit of 38450 and Stop Loss of 38700
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.