Technical analysis USA.30 for 16.05.2024
16.05.2024 01:28
Intraday
Technical
The Tenkan-sen line is located above the Kijun-sen line. Both lines are directed upwards. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 39800. The closest resistance is the level 40000
Key levels
- 40150, 40000, 39800, 39700, 39500
Trading scenario
- Recommended opening long positions (Buy) at the current price, with Take Profit of 40000 and Stop Loss of 39800
Alternative scenario
- Recommended opening short positions (Sell Stop) from the level of 39700, with Take Profit of 39500 and Stop Loss of 39750
Scenario
Recommendation
BUY
Entry Point
Take Profit
40000
Stop Loss
39800
Key Levels
40150, 40000, 39800, 39700, 39500
Alternative scenario
Recommendation
SELL STOP
Entry Point
39700
Take Profit
39500
Stop Loss
39750