Technical analysis USA.30 for 08.04.2022
Intraday
Technical
The Tenkan-sen line is located below the Kijun-sen line. Both lines are horizontal. Confirmatory line Chikou Span is below the price chart
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
Scenario
Recommendation
SELL STOP
Entry Point
34314.30
Take Profit
33687.90
Stop Loss
34822.50
Key Levels
35845.80, 35240.20, 34822.50, 34314.30, 33687.90, 33155.70
Alternative scenario
Recommendation
BUY STOP
Entry Point
34822.50
Take Profit
35240.20
Stop Loss
34300.00
Author
Nikolai Krishtopov
Market Analyst & Marketing Manager, Investizo
Nikolai Krishtopov is a Market Analyst at Investizo with more than 15 years of experience in the financial markets industry and over a decade of trading experience. His areas of focus include forex and crypto markets, technical analysis, intraday trading and market behaviour.