Technical analysis NAS100 for 20.04.2022

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest resistance is the level 14225. The closest support is the level 13975

Key levels

• 14760, 14475, 14225, 13975, 13725, 13425

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 14225, with Take Profit of 13975 and Stop Loss of 14475

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 14475, with Take Profit of 14760 and Stop Loss of 14225