Technical analysis USA.30 for 16.10.2024
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 ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 42700. The closest resistance is the level 42900
Key levels
- 43100, 42900, 42700, 42500, 42250
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 42900, with Take Profit of 43100 and Stop Loss of 42700
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 42700, with Take Profit of 42500 and Stop Loss of 42900
Scenario
Recommendation
BUY STOP
Entry Point
42900
Take Profit
43100
Stop Loss
42700
Key Levels
43100, 42900, 42700, 42500, 42250
Alternative scenario
Recommendation
SELL STOP
Entry Point
42700
Take Profit
42500
Stop Loss
42900
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.