Technical analysis NAS100 for 20.06.2022
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 11320. The closest resistance is the level 11405
Key levels
- 11770, 11595, 11495, 11405, 11320, 11215, 11050
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 11320, with Take Profit of 11215 and Stop Loss of 11405
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 11405, with Take Profit of 11495 and Stop Loss of 11320
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.