Technical analysis USA.30 for 23.10.2024

The Tenkan-sen line is located below the Kijun-sen line. Red is directed downward, while blue remains horizontal. Confirmatory line Chikou Span crossed and fixed below the price chart. In this case, the cloud is ascending. Instrument is trading below the Tenkan-se and Kijun-sen lines. The closest support is the level 42700. The closest resistance is the level 42900

Key levels

• 43200, 43000, 42900, 42700, 42500

Trading scenario

• Recommended opening short positions (Sell Limit) from the level of 42900, with Take Profit of 42700 and Stop Loss of 43000

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 43000, with Take Profit of 43200 and Stop Loss of 42900