Technical analysis USA.30 for 29.08.2024

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 41000. The closest resistance is the level 41350

Key levels

• 41550, 41350, 41000, 40875, 40700

Trading scenario

• Recommended opening long positions (Buy Limit) from the level of 41000, with Take Profit of 41350 and Stop Loss of 40875

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 40875, with Take Profit of 40700 and Stop Loss of 41000