Technical analysis USA.30 for 05.01.2022

05.01.2022 16:11
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 turned over from ascending to descending. Instrument is trading above the Tenkan-se and Kijun-sen lines. The closest support is the level 36579. The closest resistance is the level 37089

Key levels

  • 37688, 37089, 36579, 36118, 35603, 35210, 34700, 34159, 33529

Trading scenario

  • Recommended opening long positions (Buy) at the current price, with Take Profit of 37089 and Stop Loss of 36579

Alternative scenario

  • Recommended opening short positions (Sell Stop) from the level of 36579, with Take Profit of 36118 and Stop Loss of 36900
Scenario
Recommendation
BUY

Entry Point

Take Profit
37089

Stop Loss
36579

Key Levels
37688, 37089, 36579, 36118, 35603, 35210, 34700, 34159, 33529
Alternative scenario
Recommendation
SELL STOP

Entry Point
36579

Take Profit
36118

Stop Loss
36900