Technical analysis USA.30 for 01.04.2024

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

• 40300, 40000, 39800, 39600, 39300

Trading scenario

• Recommended opening long positions (Buy Stop) from the level of 40000, with Take Profit of 40300 and Stop Loss of 39800

Alternative scenario

• Recommended opening short positions (Sell Stop) from the level of 39800, with Take Profit of 39600 and Stop Loss of 40000