Japanese Yen running the risk of entering Hyperinflation like the Argentine Peso thanks to the USA. JPY Used to purchase US Debt while USA has Inflation problem has caused them to purchase more than expected including the FRED running (System Open Market Account (SOMA) (soft YCC) China cannot get growth due to US higher rates slowing business growth...
We take a look at the Daily charts and price action on our Key Indexes. It is important to have a longer term view of the price action and risk levels on the key markets so we will discuss our major markets and what we are looking for in the video. We take a look at the following Key Indexes:- Nasdaq, DOW, DAX, FTSE, ASX200, Hang Seng and the Nikkei. *** Feel...
Hello,Traders! NIKKEI is trading in an Uptrend and trend is your Friend so as the index Is retesting a horizontal Support of 32,000 I think That we will see a local rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
NI225 is going down now but a strong support level is ahead at 31,874 this I am expecting a rebound and a move up towards the target at 32.600.
✅NI225 is going down now But a strong support level is ahead at 31,874 Thus I am expecting a rebound And a move up towards the target at 32,600 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Japanese index Nikkei 225 (NI225) is in a nice bull run since Uncle Warren loaded up on the cheap Japanese equities. The index made a top at 33770 and has been consolidating since then for the last few weeks. Recently the index made a triple bounce at the 50 day simple moving average with the last push happening on the day of the BoJ MPC meeting decision. The...
NIK225 - 24h expiry - We look to Buy at 32535 (stop at 32295) We are trading at overbought extremes. Previous resistance level of 33068 broken. A lower correction is expected. Short term bias is mildly bullish. Further upside is expected although we prefer to set longs at our bespoke support levels at 32770, resulting in improved risk/reward. Our profit...
Like most of the global indices, Nikkei also had a good run this year. However, since mid-June, the index started to lose its power and has drawn a Doube Top pattern on our charts. The start of the week brought the break under the neck-line support of the pattern and Nikkei could continue to the downside. Levels to watch for bears are 31100 old congestion which...
Preferred direction: SELL Comment: The deal on the Japanese yen is in the active phase. The entry point that we gave in previous ideas for the breakdown of the level of 143.8 gives its plus. Nevertheless, the decline will most likely not stop there, our goals are much lower. The real obstacle for the buyer is at the level of 141.327. There as it is possible to...
There is Bearish Divergence on both the RSI and MACD at the PCZ of a Bearish Butterfly, and there will hardly be any support until we reach the 1.618 Fibonacci Extension down at 18627JPY, but from the looks of it, it will likely be a very fast drop followed by an even faster recovery, but in the meantime the JPY could gain some strength.
Seeing major problems unfolding in Japan right now due to the QE of Japanese Government Bonds. This is almost like a repeat of 1980-1990s Japan's M3 has gone exponential to the point some of this Yen is causing local inflation to rise. When Japan was forced to raise rates due to the Ni225 creating unwanted inflation Japan's equity market imploded and the rush...
NI225 has closed positive for 9 consecutive weeks ! Is it about to reverse? This chart shows the weekly candle chart of the Nikkei Stock Index from the end of 2019 to the present. The graph overlays the line between the low point in 2020 and the low point in March 2023, the line between the low point in 2023 and the sub low point, as well as the horizontal...
32700 high, exciting, it's now completing an Expanded Flat, 3-3-5. More upwards?!? Wave c should end at 161.8%, probably tomorrow in early cash hours. This idea is still long but I have no position as it's very closed to SQ!
W Formation formed on the Nikkei. We then had a strong breakout with high inclination. The price has since rocketed to our first target. 7>21>200 RSI>50 Target 32,652 It's still extremely bullish, but we can expect the price to come down consolidate in a range before we get the next buy signal. I'll let you know.
Today's price action, wave v does not seem to be completed yet. As SQ is due next week, CALL should win again, big. If this is correct, wave v should be diagonal, 53535. Heading to 32000 area. ❗️This is a short time trade, 7 days max before SQ. I must close position if it breaks and stays below 30773, 78.6%, a typical diagonal retrace %.
Short term Elliott Wave in Nikkei (NKD) suggests that cycle from 1.3.2023 low is progressing as a 5 waves Elliott Wave impulse. Up from 1.3.2023 low, wave 1 ended at 28715 and pullback in wave 2 ended at 26285. Wave 3 rally ended at 31695 as 1 hour chart below shows. Dips in wave 4 unfolded as a double three Elliott Wave structure. Down from wave 3, wave (a)...
Wave (IV) has started and targeting 30558 area, where wave IV was, "Lesser degree".
As the world remains engrossed in the unfolding drama of the debt ceiling, we believe another event of significance deserves our attention. Let's take a brief detour into the annals of economic history, looking at the era of Abenomics. This term refers to the monetary policy instituted during Shinzo Abe's second term as Prime Minister of Japan. Abenomics rested...