Technical analysis USA.30 for 08.04.2022

The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart. In this case, the cloud is descending. Instrument is traded between Tenkan-se and Kijun-sen lines. The closest resistance is the level 34822.50. The closest support is the level 34314.30

Key levels

• 35845.80, 35240.20, 34822.50, 34314.30, 33687.90, 33155.70

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 34314.30, with Take Profit of 33687.90 and Stop Loss of 34822.50

Alternative scenario

• Recommended opening long positions (Buy Stop) from the level of 34822.50, with Take Profit of 35240.20 and Stop Loss of 34300.00