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