Technical analysis USA.30 for 20.07.2023

20.07.2023 01:20
Intraday
Technical

The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 35150.00. The closest support is the level 34600.00

Key levels

  • 36000.00, 35500.00, 35150.00, 34600.00, 34245.00, 33970.00

Trading scenario

  • Recommended opening long positions (Buy Stop) from the level of 35150.00, with Take Profit of 35500.00 and Stop Loss of 34850.00

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 34600.00, with Take Profit of 34245.00 and Stop Loss of 34850.00

Scenario
Recommendation
BUY STOP

Entry Point
35150.00

Take Profit
35500.00

Stop Loss
34850.00

Key Levels
36000.00, 35500.00, 35150.00, 34600.00, 34245.00, 33970.00
Alternative scenario
Recommendation
SELL STOP

Entry Point
34600.00

Take Profit
34245.00

Stop Loss
34850.00