Technical analysis NAS100 for 23.08.2023
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span crosses bottom upward the price chart
The Tenkan-sen line is located above the Kijun-sen line. Blue is directed downward, while red remains horizontal. Confirmatory line Chikou Span crosses bottom upward 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 15020.00. The closest support is the level 14785.00
Key levels
- 15350.00, 15210.00, 15020.00, 14785.00, 14680.00, 14550.00
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 15020.00, with Take Profit of 15210.00 and Stop Loss of 14900.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 14785.00, with Take Profit of 14680.00 and Stop Loss of 14900.00
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.