Technical analysis USA.30 for 16.10.2024

The Tenkan-sen line is located above the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ascending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 42700. The closest resistance is the level 42900

Key levels

• 43100, 42900, 42700, 42500, 42250

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 42900, with Take Profit of 43100 and Stop Loss of 42700

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 42700, with Take Profit of 42500 and Stop Loss of 42900