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. 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