Technical analysis USA.30 for 24.05.2024
Intraday
Technical
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 descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 38900. The closest resistance is the level 39300
Key levels
- 39800, 39300, 38900, 38500, 38000
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 38900, with Take Profit of 38500 and Stop Loss of 39300
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 39300, with Take Profit of 39800 and Stop Loss of 38900
Scenario
Recommendation
SELL STOP
Entry Point
38900
Take Profit
38500
Stop Loss
39300
Key Levels
39800, 39300, 38900, 38500, 38000
Alternative scenario
Recommendation
BUY STOP
Entry Point
39300
Take Profit
39800
Stop Loss
38900
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.