Technical analysis USA.30 for 29.05.2024
29.05.2024 02:08
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are directed downward. Confirmatory line Chikou Span is 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 38700. The closest resistance is the level 39000
Key levels
- 39700, 39300, 39000, 38700, 38400
Trading scenario
- Recommended opening short positions (Sell Stop) from the level of 38700, with Take Profit of 38400 and Stop Loss of 39000
Alternative scenario
- Recommended opening long positions (Buy Stop) from the level of 39000, with Take Profit of 39300 and Stop Loss of 38700
Scenario
Recommendation
SELL STOP
Entry Point
38700
Take Profit
38400
Stop Loss
39000
Key Levels
39700, 39300, 39000, 38700, 38400
Alternative scenario
Recommendation
BUY STOP
Entry Point
39000
Take Profit
39300
Stop Loss
38700