Technical analysis GER.30 for 23.03.2022
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses from top to bottom the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 14175. The closest resistance is the level 14575
Key levels
- 15150, 14575, 14175, 13850, 13475, 13100
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 14175, with Take Profit of 14575 and Stop Loss of 13850
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 13850, with Take Profit of 13475 and Stop Loss of 14175
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.