Technical analysis FRA.40 for 04.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is above the price chart. In this case, the cloud is ready to roll over from ascending to descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest support is the level 6632. The closest resistance is the level 6835

Key levels

• 7167, 6835, 6632, 6465, 6300, 6100, 5155

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 6632, with Take Profit of 6300 and Stop Loss of 6835

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 6835, with Take Profit of 7167 and Stop Loss of 6632