Technical analysis NAS100 for 06.02.2024
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart
The Tenkan-sen line is located above the Kijun-sen line. Red is directed upwards, while blue remains horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 17575. The closest resistance is the level 17750
Key levels
- 17900, 17750, 17575, 17450, 17250
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 17575, with Take Profit of 17750 and Stop Loss of 17450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 17450, with Take Profit of 17250 and Stop Loss of 17575
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.