Technical analysis NAS100 for 07.03.2024
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 descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 18150. The closest resistance is the level 18325
Key levels
- 18325, 18150,18000,17825
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 18325 and Stop Loss of 18150
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 18150, with Take Profit of 18000 and Stop Loss of 18300
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.