Technical analysis NAS100 for 26.10.2023
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart
The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest resistance is the level 14453.40. The closest support is the level 14020.00
Key levels
- 14800.00, 14620.00, 14453.40, 14020.00, 13862.30, 13699.60
Trading scenario
- Recommended opening long positions (Buy Stop) from the level of 14453.40, with Take Profit of 14620.00 and Stop Loss of 14250.00
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 14020.00, with Take Profit of 13862.30 and Stop Loss of 14250.00
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.