Technical analysis USA.30 for 11.03.2024
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart
The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is descending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 38600. The closest resistance is the level 38850
Key levels
- 39100, 38850, 38600, 38450, 38200
Trading scenario
- Recommended opening long positions (Buy Limit) from the level of 38600, with Take Profit of 38850 and Stop Loss of 38450
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 38450, with Take Profit of 38200 and Stop Loss of 38600
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.