Technical analysis FRA.40 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 support and resistance levels are Kijun-sen and Tenkan-se, respectively. 

Key levels

• 6830, 6750, 6590, 6440, 6320, 6200, 6055

Trading scenario

• Recommended opening short positions (Sell Stop) from the level of 6440, with Take Profit of 6320 and Stop Loss of 6490

Alternative scenario

• Recommended opening short positions (Buy Stop) from the level of 6590, with Take Profit of 6750 and Stop Loss of 6440