Technical analysis USA.30 for 24.08.2023

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below 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 34680.00. The closest support is the level 34175.00

Key levels

• 35340.00, 34910.00, 34680.00, 34175.00, 33980.00, 33735.00

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 34680.00, with Take Profit of 34910.00 and Stop Loss of 34550.00

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 34175.00, with Take Profit of 33980.00 and Stop Loss of 34550.00